Oil from wood chip carrier that split apart reaches Japanese coastline The Japan Times reports that oil from a wood chip carrier that broke apart off the Japanese coast has reached the shore of Misawa in Aomori Prefecture. The incident began August 11,
Halter Marine again wins prestigious AEU Safety Award For the second year in a row, Pascagoula, Miss.-based shipbuilder Halter Marine has been been honored with the American Equity Underwriters Safety Award. Each year, AEU recognizes the best safety and health
Seafarer vaccination rates still low The Global Maritime Forum says that data provided by leading ship managers indicates that only 15.3% of seafarers have received COVID-19 vaccinations and that the crew change crisis continues to get worse.
VIDEO: Inmarsat launches ELERA In its second major announcement in two weeks, Inmarsat today unveiled Inmarsat ELERA, a global narrowband network aimed at serving the rapidly evolving world of the Internet of Things (IoT) and global
Keppel delivers Russia's first LNG bunkering vessel Keppel Offshore & Marine (Keppel O&M) has successfully delivered Russia's first liquefied natural gas (LNG) bunkering vessel, the 5,900-cubic-meter Dmitry Mendeleev, to Shturman Koshelev LLC. The 100 meter long x 19 meters
Jones Act Enforcer crew meets with U.S Customs and Border Protection The Offshore Marine Service Association (OMSA) reports that the crew of the Jones Act Enforcer met this week with Michael Hebert, the head of the U.S. Customs and Border Protection's (CBP) Jones
Seanergy launches buyback for up to 10% of shares Chief executive Stamatis Tsantanis argues that Seanergy's share price is 'significantly undervalued' both in terms of its underlying asset value...
Maritime security promoted into top tier of geopolitical hot topics Maritime security's newfound status as a geopolitical hot topic comes with political nuance and potential cost. Understanding the changing dynamics...
Legislation or communication the better route to peace in fractious container trades? Sharing data, market intelligence and industry know-how may be a better way of building trust between ocean carriers and their...
Congestion reins in HHLA growth but boosts earnings Port delays have been a two-edged sword for HHLA. Congestion has meant few boxes coming through its gates, but those...
Delta variant seen deferring tanker rates rebound to 2022 IEA cuts 500,000 barrels per day from demand growth estimates for final half of 2021
Hapag-Lloyd sees no relief from congestion-driven record rates until 2022 Supply chain congestion is removing capacity from the market, pushing up rates. But the extremes seen for some cargo do...
Euronav loss widens to $90m Crude tanker owner and operator Euronav has seen losses widen in the second quarter of the year. It is still...
Shipmanager data suggests crew crisis is stabilising Data from 90,000 seafarers offers an indication of progress in repatriation and vaccination. However, the top shipmanagers are better placed...
Boxship owner Euroseas posts sharp rise in profits Bumper rates for ageing feeders indicates strong demand for securing capacity is now considered a medium to longer-term trend, argues Greek box...
Daily Briefing Supply chain chaos looms as Covid case shuts down Ningbo terminal | Carbon compliance complexity to affect three-quarters of global...
Oil leaks from split Crimson Polaris The wreck is about 4 km offshore, and the on-site response is being carried out by Japan Coast Guard patrol...
Carriers begin to skip closed terminal in Ningbo Carriers have learnt lessons from the Yantian crisis, during which vessels wasted weeks waiting outside of the port before changing...
US ports' $17bn funding falls short of industry requirements A shared $17bn allocation with inland waterways falls far short of the $75bn needed, according to the American Association of Port Authorities
Asian clean MR tankers have their time in the sun The rise in Covid cases in China and the rest of North Asia is bullish for clean product tankers. Mobility...
Canadian retailer buys stake in British Columbia's largest inland port Canadian Tire is acquiring a 25% stake in Ashcroft Terminal in a deal that will allow the retailer to move containers from the Port of...
July container volumes boom at South Carolina ports South Carolina ports started the fiscal year off with a bang, moving a record volume of containers in July.
Global refinery runs recovery slows down on new COVID-19 waves: IEA The recovery in global refinery runs slowed down in July "as new waves of COVID-19 cut into fuel demand while margins remained under pressure," the International Energy Agency said in its latest monthly report on Aug. 12.
Coalition seeks regulatory action to get competitive freight rail pricing back on track Energy interests and others with a vested interest in efficient and affordable freight rail service have asked the Surface Transportation Board to help rein in monopoly pricing and the climbing freight rail rates and rail industry revenues that they contend it has fostered.
Devastated by war, Yemen's still surviving oil and gas sector needs peace to recover Yemen's oil and gas industry could be at a crossroads after six years of brutal civil war, with the US attempting to broker a peace deal that will be critical to reviving the decimated sector.
Malaysia's Petronas eyes third floating LNG vessel amid upstream uncertainties Malaysia's national oil company Petronas has issued a front-end engineering and design tender for a third floating liquefied natural gas or FLNG plant, for which bids are due in August from interested parties, according to sources with direct knowledge of the matter.
OIL FUTURES: Prices end slightly lower, but within well-worn range Crude oil futures ended slightly lower Aug. 12, but remained within a well-worn range as traders continued to assess the demand concerns stemming from the rapid spread of the coronavirus delta variant.
ARA diesel, gasoil stocks fall 1.2% on week: Insights Global Stocks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp, or ARA, hub fell by 1.2% week on week and declined 15.9% year on year to 2.092 million mt in the week to Aug. 12, according to Insights Global data.
Rising crude output yet to boost tanker rates: Euronav **H1 dirty VLCC freight rates down sharply on year **Crude output rising but lockdowns hampering exports
Gazprom Neft builds Russia's first LNG bunker barge **Rotterdam LNG bunker fuel currently more expensive than VLSFO **LNG may not be suitable for 2050 IMO climate goal
Platts proposes to eliminate use of 'hand blends' in trades reported through US MOC process for Marine Fuel 0.5%S There are no proposed changes to the use of hand blends on trades reported through the Platts MOC in any of the other US residual fuel markets.
Everfuel set to start construction of Europe's largest electrolyzer in Denmark **Building permit secured for 20-MW electrolyzer **Green hydrogen plant due online mid-2022
RUSSIA DATA: January-July throughput at seaports rises 1.5% on year **Liquids transshipment down 3.3% on year **Crude throughput falls 6.1% on year
Global mobility holds stable outside China as curbs hit oil demand outlook **Chinese COVID-19 spike triggers demand cuts **Aviation capacity slips 6.5% on the week
Freight rates, bunker costs likely to grow through 2021: Hapag-Lloyd **Platts container index over 400% higher on year **Oil complex may see price growth in Q4, decreases next year
REFINERY NEWS: Poland's Lotos raises Q2 throughput 3.4% on year, sales down 4.3% Polish refiner Grupa Lotos increased throughput in the second quarter by 3.4% on the year to 2.63 million mt despite a partial maintenance shutdown of the refinery that was completed in April, the company said Aug 12.
IEA warns oil demand recovery stalls as COVID-19 impact drags **Global demand fell 120,000 b/d in July on setbacks in Asia **Lowers 2021 demand growth estimate, 'call' on OPEC
UK hauler shortage a boon to Port of Antwerp short-sea sector: official **Short-sea sector reduces need for drivers, eases container bottlenecks **Platts container index 452% higher on year
Blue hydrogen 20% worse for GHG emissions than natural gas in heating: study Full life cycle greenhouse gas emissions from burning blue hydrogen for heating were more than 20% greater than using conventional natural gas, the report from researchers at Cornell and Stanford Universities said.
USGC HSFO-3.5% FOB Rotterdam swap spread widens on supply constraints Over the weekend Aug. 7-8, local media reported that there was a fire at Pemex's Salina Cruz refinery, located in the southwestern state of Oaxaca.
Sri Lanka's Hambantota Port receives first cruise ship call for VLSFO bunkering This is the first cruise ship to call at Hambantota since the outbreak of the coronavirus pandemic in early 2020, according to HIPG.
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