Ever Given owner asks freight holders to share cost of damages demanded by Egyptian authorities
First new LPG FFA trades completed
NYK becomes first Japanese shipping company to participate in Ship Recycling Transparency Initiative
Panama-flagged vessels to no longer have preferential tariffs for Chinese tonnage dues
Minister hopeful of $400 billion in merchandise exports this fiscal
Restoring the facility under Circular No. 17/2020 dated 03.04.2020 namely, 'Measure to facilitate trade during the lockdown period - Section 143AA of the Customs Act, 1962'
Seafood sector wary of proposed US retaliatory tariff & freight hike
JNPT receives 80 MT of liquid medical oxygen
No Saudi port restrictions currently on vessels arriving from India
Air cargo demand reaches all-time high in March 2021
Cathay Pacific Cargo delivers medical supplies for India's healthcare emergency
DP World expands European inland network
MSMEs seen as key to post-pandemic recovery
New booklet highlights key results of 2020 work on standards & regulations
Air cargo industry's first sustainability report released
Dr A. Janardhana Rao, MD, IPA no more
IMO urges fair vaccine distribution for seafarers
Over 56,400 cultural goods seized & 67 arrests made in action involving 31 countries
Colonial Pipeline shutdown: Are Jones Act waivers on the cards? The shutdown of the Colonial Pipeline after a ransomware cyberattack has seen panic buying of gas - and MARAD taking the first steps to consider the possibility of a limited Jones Act
Vineyard Wind gets construction and operation go ahead Secretary of the Interior Deb Haaland and Secretary of Commerce Gina Raimondo today announced approval for the construction and operation of the Vineyard Wind project - the first large-scale, offshore wind project
Green upgrades underway at Hurtigruten's Norwegian Coastal Express Norway's Hurtigruten Group is planning a major environmental upgrade of all seven of its Norwegian Coastal Express ships, aiming to cut CO2 emissions by least 25%, and NOx emissions by 80%. The
Europe's largest shore power plant opens In a ceremony held in Rostock-Warnemünde yesterday during Germany's 12th National Maritime Conference, the 2,174-passenger cruise ship AIDAsol inaugurated Europe's largest shore power plants for ships. The power plant has been established
VIDEO: Iranian boats flee after USN fires warning shots U.S. 5th Fleet has released video of a further incident of harassment of U.S. naval vessels by Iran's Islamic Revolutionary Guard Corps Navy (IRGCN). In this incident, more than a dozen IRGCN
Seanergy welcomes new capes amid 'strongest market of last decade' The two arrivals leave Seanergy awaiting delivery of two more purchases, bringing the fleet to 15 capesizes with an average age...
Cargill misses climate-change and diversity shipping targets Shipping was 'unappealing to females', which is why diversity and inclusion target wasn't met, according to its 2020 sustainability report
Nigeria's anti-piracy initiative seen as a long-term solution Nigeria's promises to crack down on maritime crime should be taken with a grain of salt, Risk Intelligence senior analyst...
Maersk transformation gathers pace It is four years since Maersk began its corporate transition. It has now set targets for its logistics business to...
Minor change in charterparty left arrested vessel on hire Minor change to contract, made in light of Supreme Court ruling from 2016, left French trader with responsibility to post...
V.Group calls on vaccine-shunning nations to back seafarer countries Governments deselecting vaccines should give them to nations that are providing most of the world's seafarers to enable trade to...
Emanuele Grimaldi praises UK flag as ships switch to Malta after Brexit Grimaldi ships are registered in several EU jurisdictions, including Spain following the recent purchase of vessels from Armas Trasmediterránea Group...
Equipment shortage breathes life into conventional reefer shipping Specialised reefer ships are in high demand as carriers grapple to get a grip on a global reefer equipment shortage...
From the News Desk: Crew changes, climate and a rising China Shipping frustrated at unpredictable crew-change rules, intensifying debate over emissions regulations, and why the US-China trade war still matters
Chinese crew invokes contract clause after order to call at India Seafarers are trying to cite the 'epidemic area-related' clauses in their employment contracts to back their objection, but a shipping...
Expert Focus: Overcoming the barriers to digitalisation Digitalisation in shipping is happening, but true innovation that benefits the industry as a whole, rather than just siloed subsystems...
Off-peak LNG stages dramatic comeback Gas trading platform data showed prices more than tripled year on year to reach their highest average in April since...
Over half of container bookings rolled at some ports There were hopes that the chronic disruption in the container supply chain would be easing by now. Instead, it is...
Daily Briefing Free to read: Aponte and Idan Ofer ink landmark deal for LNG-fuelled boxships | Pipeline cyber attack triggers transatlantic tanker boost...
Keppel and Hyundai to build world's largest FPSO for Petrobras The pair won the $2.3bn floating production, storage and offloading vessel contract through an international tender held by Petrobras
BP recognises US oil group's climate policy change BP cites three main areas of improvements in American Petroleum Institute's climate policy - regulating methane emissions, supporting carbon pricing and...
China Unicom joins TradeLens platform Maersk says the partnership would further enhance the global network of the TradeLens system, which now directly integrates with 300...
Dry bulk optimism likely to sail on into next year The dry bulk market is nowhere close to a theoretical ceiling and could easily quadruple from current levels without destroying...
Danaos in 'best-ever' shape as charters hit record rates Danaos posted a profit of $296.8m for the most recent quarter, which included a $248m increase in the fair value...
ST Engineering forms freighter-leasing joint venture Leasing companies are investing in pre-owned passenger planes that can be converted into freighters, and production companies are stepping up to meet their need.
Why Wall Street's best-performing shipowner is building a war chest Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.
US considering foreign tankers to move domestic fuel supplies The Biden administration is considering waiving the Jones Act in the wake of the Colonial Pipeline shutdown.
Companies in desperate hunt for aircraft to move cargo Airfreight markets around the world are facing serious capacity constraints. Trade growth is overwhelming the physical ability of carriers to move goods and it's reflected...
Singapore Port's tighter COVID-19 checks seen having limited operational impact: sources The Maritime and Port Authority's tighter measures at the Port of Singapore to curb the spread of COVID-19 cases will likely have only a limited impact on bunkering operations, industry sources said May 11.
India pandemic weighs on natural gas demand amid souring GDP outlook India's deadly COVID-19 outbreak and widening localized lockdowns have soured the country's economic growth outlook, stifled its natural gas demand and resulted in more LNG carriers being diverted by gas companies, an analysis by S&P Global Platts showed.
Traded kerosene futures on TOCOM up 3% on month in April Traded kerosene futures on the Tokyo Commodity Exchange rose 3% month on month to 3,388 trades in April, latest data from TOCOM showed.
Japanese utility Jera seeks to decarbonize with ammonia supply MOU Japan's largest power generation company Jera has signed a memorandum of understanding with global ammonia producer Yara on low-carbon and renewable supplies of the gas to help the utility cut its CO2 emissions, the companies said May 11.
US crude draw likely extends as refinery demand pushes to 14-month high US crude oil inventory draws likely extended in the week ended May 7 amid an expected uptick in refinery demand, an S&P Global Platts analysis showed May 10.
OIL FUTURES: RBOB, ULSD climb as market weighs impact of Colonial outage NYMEX refined product futures finished a volatile session slightly higher May 10 amid concerns that the shutdown of a key US pipeline could lead to supply disruptions.
Colonial Pipeline outages spur clean freight jumps across Atlantic Basin The disruption of clean petroleum product flows on the Colonial Pipeline spurred a flurry of spot clean tanker activity on both sides of the Atlantic Basin in the week started May 10, though upward momentum was stifled in Europe as requirements slowed due to growing expectations of the pipeline restoring supply by the end of the week.
Colonial attack highlights particular vulnerability of pipelines from cyber threats The successful cyberattack of the main artery of the US' fuel supply show how energy pipelines are acutely vulnerable in an underregulated sector with many remote field locations potentially exposed to attacks, cybersecurity experts said.
Bunker Holding to offer bio-bunker fuel at Gothenburg, Skaw Bunker Holding will soon offer biofuel to ships bunkering in the Danish straits, the company said May 11.
EPA issues emergency fuel waiver in states hit by Colonial Pipeline shutdown The Environmental Protection Agency issued a one-week emergency fuel waiver for select states impacted by the Colonial Pipeline closure that removes vapor pressure requirements for reformulated gasoline sold in areas of Maryland, Pennsylvania, Virginia and Washington.
Colonial pipeline outage highlights need for energy systems to be more cyber resilient: IEA The outage of a critical US oil pipeline from a cyberattack underscores the need for energy infrastructure to become "more cyber resilient," with digitalization and automation of energy systems increasing the scope for such attacks, the International Energy Agency said May 11.
Idemitsu to launch Japan's first commercial-scale sustainable aviation fuel supply in 2025 Idemitsu Kosan has become the latest Japanese company to pursue 2050 carbon neutrality, with plans that include starting the country's first commercial-scale sustainable aviation fuel supply in 2025.
US weighs Jones Act waivers to move fuel up East Coast during Colonial shutdown The Biden administration is considering a "temporary and targeted" waiver of the Jones Act to allow foreign-flagged vessels to carry petroleum products from the Gulf of Mexico up the Eastern seaboard, meeting supply shortages the Colonial Pipeline shutdown created.
OIL FUTURES: Crude edges higher on weaker dollar, return of USGC refinery units Oil futures moved higher May 11 as US Gulf refiners brought units back online and the US dollar tested fresh 10-week lows.
OIL FUTURES: Crude, refined product fall as short supply fears abate; mutant coronavirus strain "Refined product markets do not seem overly concerned about the disruption to the Colonial pipeline," ING said in a note.
Colonial Pipeline expects to restore most services by end of week **Colonial is being restored with segment-by-segment approach **Only modest pricing impact so far
HONG KONG DATA: March fuel oil imports up 0.3% on year to 4.1 mil barrels **March imports up 38.9% from Feb **Jan-March imports fall 11.2% to 10.1 mil barrels
INTERVIEW: Fratelli Cosulich to play 'active role' in shipping's decarbonization **Group orders first LNG bunkering ship to operate in Mediterranean Sea **Singapore to continue to be vital bunker hub
Vitol sidesteps setting emission reduction targets in first ESG report "Our ambition is to play an active role in delivering the energy transition," Vitol said.
OPEC+ crude oil production rises in April, on surges from Iran, Russia: Platts survey The rising output is a preview of the wave of OPEC+ crude set to hit the market over the next few months.
Japan's Fuji Oil aims to cut CO2 emissions 20% by fiscal 2030-31 The refiner will consider using ammonia as a boiler fuel among new means to decarbonize operations.
Global renewables grow at fastest pace in 20 years in 2020: IEA "Wind and solar power are giving us more reasons to be optimistic about our climate goals," said IEA Executive Director Fatih Birol in a statement.
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