ABB Marine Academy supports customers with blended learning In response to customers' requests for safe and efficient training of crews during ongoing global travel restrictions, ABB Marine & Ports has developed a new blended learning program for its Azipod propulsion
VIDEO: Norwegian Cruise Line takes wraps off Prima Class While still grappling with the issues of how to meet CDC mandates and resume cruises from U.S. ports this year, Norwegian Cruise Line is also looking ahead to summer 2022. It has
Eneti in Jones Act WTIV talks with U.S. yards Eneti Inc. (NYSE: NETI), the former Scorpio Bulkers, has entered into a binding agreement for the construction of one Wind Turbine Installation Vessel (WTIV) at Daewoo Shipbuilding and Marine Engineering in South
SAGT moves swiftly to meet needs of the new normal SAGT has been at the forefront of Port of Colombo's drive for speedy delivery of import containers, introducing a simple...
Shipping leaders disagree on future of LNG in shipping DNV, Wärtsilä and Maersk joined a Lloyd's List webinar to discuss shipping's decarbonisation trajectory, the role of regulation and whether...
Britannia books $20m underwriting loss and confirms record level for International Group pool Pool claims close to half a billion dollars, statement reveals, in line with earlier predictions from brokers
Weekly Briefing: Box giants weigh up shifting priorities | Tanker recovery will be fragile | Dry bulk continues to soar Any talk of a recovery for tankers should be tempered by a reality check of the fundamentals - spot rates...
Grimaldi to drydock ships early as chip shortage stalls global car production The Italian ro-ro specialist is benefiting from the cargo boom, with strong demand for perishables and consumer products helping to...
MPC Capital takes hit from Wilhelmsen Ahrenkiel tie-up Business opportunities in year ahead will come from activities other than shipping, most notably green investments, German outfit says
Hapag-Lloyd reports strong start to year High spot rates and lower bunker costs push earnings up on higher revenues. But supply chain congestion remains a challenge
Safe Bulkers orders two more post-panamaxes in Japan Cyprus- and Greece-based Safe Bulkers says it will use its own cash reserves to finance the new vessels
Wallenius Wilhelmsen sees 'favourable' supply-demand balance in mid-term Car carrier Wallenius Wilhelmsen said an uneven recovery and the costs of bringing its operations back to life have weighed...
Between the Lines: The Ever Given aftermath SeaIntelligence's regular Lloyd's List column assesses the ongoing impact of the Suez Canal blockage and when carriers are likely to...
Maersk opens distribution centres in Vietnam Three distribution centres with a combined warehouse area of nearly 38,000 sq m have been added to Maersk's logistics capacities...
Easing oil surplus seen lifting crude exports Second-half pick-up in refinery output and production expected to raise moribund freight rates for crude and product tankers
Greensill collapse highlights counterparty risk in shipping 'Due diligence is one of the most effective forms of defence to shield your company from risky financing and disreputable...
Torm buys LR2s as recovery looms Chief executive says it was 'an opportune time' to build the fleet as it buys three long-range two vessels from...
Italian bunker group bets on marine LNG growth
Okeanis to pay dividend after selling trio of LR2s The transaction will leave a fleet consisting of eight very large crude carriers and six suezmaxes, the majority of which...
US considers Jones Act waiver amid pipeline crisis A waiver of the Jones Act would allow foreign tankers to carry petroleum products up the eastern seaboard from the...
MSC linked to Minsheng Leasing newbuilds order at Chinese yard Fresh tonnage will be fitted with scrubbers and adopt the so-called LNG-ready design, meaning their propulsion systems can be converted...
BW Epic Kosan cautious about LPG shipping prospects The transaction to form BW Epic Kosan increased the company's fleet to 76 ships, including pressurised, semi-refrigerated and ethylene capable...
MOL joins hydrogen supply chain study MOL's study partners Vopak LNG and Keppel Corp have completed research on a floating data centre that will tap either...
Daily Briefing Free to read: Chinese crew invokes contract clause after order to call at India | V.Group wants vaccine-shunning nations to...
Eneti goes greener with offshore wind vessel order 'We are laying the groundwork for a Jones-Act compliant WTIV to address the American mandate for offshore wind development,' said...
Newbuild VLGC orders already double 2020 total A combination of factors underpins the recent ordering spree, but a key feature of recent contracting is the focus on...
Efficiency index will prolong boxship bull market, says owner 'As a rule of thumb, you always make a lot more money in containers by retaining the asset rather than...
Alaska Airlines bets on recovery with 737 MAX buy Alaska Airlines is building back its fleet.
Port of Charleston cargo volume up nearly 28% year-over-year Containers, vehicles and rail moves contribute to a record April for the South Carolina Ports Authority.
CMA CGM Air Cargo adds first Middle East destinations Ocean container shipping company CMA CGM has a new cargo airline that's flying to more places.
Hapag-Lloyd rakes in more in Q1 than all of 2020 A "truly outstanding quarter" lifts net profit from $27 million in 2020 to $1.45 billion this year.
Eni touts upstream resilience to lower oil and gas prices Eni expects to be able to develop 81% of its existing oil and gas reserves by 2035 with an oil price over $50/b, the Italian energy company said May 12, flagging the resilience of its upstream assets to an accelerated transition away from fossil fuels.
Strength in Russian Urals crude may be short-lived: traders The recent strength in Russia's Urals crude may be short-lived, traders said in the week of May 9, with a host of bearish factors looming.
Gasoline imports continue to arrive in Atlantic Coast amid supply concerns Gasoline imports into the Atlantic Coast remained high as recent disruptions to Colonial Pipeline operations create supply uncertainty in the region.
OIL FUTURES: Crude rally extends as US sees smaller-than-expected gasoline build An overnight crude price rally extended in midmorning US trading May 12 as a smaller-than-expected build in US gasoline stocks offset a modest crude inventory draw.
West Mediterranean butane at lowest level against naphtha since September 2019 Butane coasters in the West Mediterranean have fallen to their lowest value against naphtha in 17 months, as increasing length in supply has accrued across the region.
NWE LSSR crack near seven-month low on weak bunker demand Demand in Northwest Europe for low sulfur straight run has declined steadily over the course of the past couple of months, with the crack hitting a seven-month low amid weak demand in the 0.5%S marine fuel blending pool.
US 'stands ready' for shippers' Jones Act waiver requests to meet Southeast fuel shortages The US Department of Homeland Security "stands ready" to review shippers' waiver requests to move fuel from the Gulf Coast refining hub to the East Coast if they can demonstrate insufficient capacity on Jones Act-qualified tankers, the White House said May 12.
Colonial Pipeline making 'progress' on system restart, working to curb fuel shortages The Colonial Pipeline is making "forward progress" in the full restart of its operations, and is working with the US government to help alleviate fuel supply disruptions, it said late on May 11.
NWE high sulfur fuel oil crack hits new one-year low The Northwest European 3.5% sulfur fuel oil crack has fallen to its lowest level in over a year, with increased sour crude production putting pressure on the grade, sources said.
OIL FUTURES: Crude climbs on improved demand outlooks, modest US gasoline build Crude oil futures settled higher May 12 amid strengthened global demand outlooks and a smaller-than-expected US gasoline build.
Germany brings net-zero forward to 2045, power sector hit hardest by new 2030 target Germany approved a reform of the 2030 climate law, tightening annual targets from 2024 and bringing net-zero forward to 2045, environment minister Svenja Schulze said May 12.
US crude inventories edge higher as refinery demand, exports weaken: EIA US crude oil stocks saw a modest draw in the week ended May 7 amid an unexpected pullback in refinery demand and sharply lower exports, US Energy Information Administration data showed May 12.
SPAIN DATA: Refinery output drops to 13.2 million mt in Q1 Fuel oil production fell to around a quarter of Q1 2020 with just 295,000 mt produced in Q1 2021.
EC looking at voluntary carbon markets but no clear role yet: Constantinescu **European Commission sees potential in voluntary carbon markets **Focus for now remains on good functioning of ETS system **Eur80-90/mt needed for CCS, CCU to be commercially viable
IEA revises down 2021 global refinery throughput to 78.3 million b/d The IEA maintains a "forecast of a strong ramp-up in refining activity in the next four months" with the downward revision affecting mostly Q2.
IEA sees major oil demand rebound of 6.5 million b/d between Q1 and end-2021 **Likely supply increase nowhere near matching demand rebound **Stock levels close to normal due to OPEC+ restraint **Raises US output contraction estimate citing shale, Gulf of Mexico
JAPAN DATA: May 2-8 oil products output up 0.4% on week High sulfur fuel oil output slid 3.8% on the week to 1.28 million barrels.
Container liner Hapag-Lloyd expects 2021 growth to continue on firm demand Firm demand from North Asia, a mainstay in the container market for the year-to-date, has caused some significant congestion and port delays .
Keppel Data Centres explore options to bring liquefied hydrogen into Singapore The study is expected to continue until the end of 2021, after which the partners will decide on the next phase of their collaboration.
Shell sees opportunity for India to recover 'cleaner and faster' "We believe that hydrogen will play a key role in the net zero emissions journey of India's energy system," Prasad said.
Swiss-Italian MSC agrees to charter LNG dual-fueled ships from Eastern Shipping According to an April 2021 report from UK-based Gibson Shipbrokers, the current orderbook for LNG-fueled vessels stands at over 130.
China's tepid ESPO crude demand puts Aframax rates under pressure, but USWC fixtures support Presently, Aframaxes are barely earning $2,500-$4,000/day on some of the key routes in the East of Suez, sources said.
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