Vale VLOC newbuild fitted with 5 tilting rotor sales A 325,000 dwt Very Large Ore Carrier (VLOC) newbuilding under construction in China for charter to Brazilian mining giant Vale has been fitted with five Norsepower Oy tilting rotor sales. Tilting the
16 U.S. states take lead in international seafarer vaccinations The International Chamber of Shipping (ICS) reports that, to date, 16 states in the U.S. have begun vaccination programs for foreign-national crews of ships delivering goods to their ports. European countries are
$700,000 U.S. offshore wind supply chain study gets underway A major effort aimed at developing a comprehensive U.S. offshore wind supply chain roadmap has launched. The comprehensive study is a combination of two projects with $400,000 in funding coming from the
Italy's Cosulich Group orders LNG bunkering vessel LNG continues to be available as a marine fuel in an increasing number of ports. Among the latest orders for LNG bunkering vessels to be placed is one from Genoa, Italy, based
DHS approves temporary Jones Act waiver In response to the problems caused by the cyberattack on Colonial Pipeline, the Secretary of Homeland Security, Alejandro Mayorkas, approved "a temporary and targeted Jones Act Waiver in response to eastern seaboard
Great Lakes Dredge & Dock wins awards totaling $112.8 million America's largest provider of dredging services, Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) today reported that it had received major dredging awards totaling $112.8 million. The work includes: Mobile Harbor Navigation-Phase 3
AST authorized as first Liberian-flag Iridium GMDSS provider Iridium Communications Inc. reports that its partner Applied Satellite Technology (AST) has become the first authorized Iridium Global Maritime Distress and Safety System (GMDSS) service provider for Liberian flagged vessels. The Liberian
Bill of Lading case looks set for Supreme Court hearing 'English law says a master can only sign a bill of lading that accurately reflects the condition of the cargo...
Pandemic curbs drive seaborne drugs smuggling Drug seizures from cargo ships are increasing as coronavirus restrictions and lack of flights drive smugglers to send more shipments...
Why Alfa Laval paid over the odds for StormGeo Alfa Laval considered recruiting digital natives but found they don't stay long. It also considered investing in a start-up but...
Capesize market slips as charterers take a breath A change in sentiment is creeping into the market, analysts say, even as iron ore futures move up to a...
Europe's leading ports see slow volume recovery Port congestion, Brexit and the pandemic continue to affect northern European box terminals. The Suez Canal blockage has added to...
UK's freeports offer more than just tax relief, lawyer says Ince head of tax Huw Witty says freeports offer benefits besides tax breaks for exporters, after concerns exporters will miss...
Maersk sees customer support for decarbonisation plans With more brands seeking to burnish their green credentials, shipping offers a means to remove carbon from their supply chains...
HOLD The Lloyd's List Podcast: Remotely operated shipping now in the spotlight Connectivity between ship and shore will be cascaded to the next level when the industry emerges from Covid-19
Teekay sees 'positive indicators' for tanker market Teekay Tankers, which posted a $21m loss in the first quarter, has declared options to repurchase six vessels
Maersk seeks a sustainable box shipping model Maersk built its scale on the back of its container shipping business. With its new logistics integrator model, ocean freight...
Daily Briefing Free to read: Shipping leaders disagree on future of LNG in shipping | MSC linked to Minsheng Leasing newbuilds order...
US east coast Colonial pipeline resumes operations after cyber-attack Transatlantic tanker rates have steadied, with fixtures agreed earlier this work to ship gasoline and other refined products to the...
Shipping's digitalisation requires trust and collaboration to succeed Ship agents could find a new responsibility in making transformation accessible to all the port community. Companies with a global...
Costamare looks to raise $120m in landmark Greek bond issue The announcement will see the US-listed containership owner become the first company from one of the mainstream cargo shipping sectors...
Port of LA lengthens 'unprecedented run' "This was by far the busiest April in the port's 114-year history, outpacing the previous record set just back in 2019 by a hefty 29%."
Inflation alert: Container shipping rates just spiked (again) The situation for importers is getting even more dire. Already extreme container rates are ascending to even higher peaks.
Amazon Air begins daily service to Pittsburgh, Kansas City Amazon planes are shuttling between more than 40 airports in the U.S. That translates into faster e-commerce deliveries by eliminating trucks.
'Ongoing cargo boom' drives Port of Long Beach's record April E-commerce spurs a year-over-year container volume hike of 43.6%.
US greenlights fuel transport by foreign ships The Biden administration has issued a Jones Act waiver amid fuel shortages and rising gas prices sparked by a pipeline outage.
Tellurian to finish commercialization of Driftwood LNG first phase in few weeks: Souki Tellurian expects to complete commercial agreements within the next few weeks sufficient to support the first phase of its Driftwood LNG export project in Louisiana, Executive Chairman Charif Souki said May 12.
Brazil's Enauta restarts second well at offshore Atlanta heavy oil field Brazilian independent oil and natural gas producer Enauta restarted a second production well at the offshore Atlanta field on May 7, boosting the field's output to about 18,500 b/d of oil equivalent, executives said during a conference call May 13.
Azerbaijani crude supplies to Belarus stall on changes to US sanctions Azerbaijan is not planning to ship crude to Belarus in May, a spokesman for Azerbaijan's state-owned oil and gas company Socar said May 12, in the wake of tightening of US sanctions against Belarus.
US exports reported sharply lower on week as flows to Asia sink US crude exports over the week-ended May 7 were reported sharply lower at 1.796 million b/d, the lowest weekly average reported by the US Energy Information Administration since October 12, 2018, when weekly exports were reported at 1.782 million b/d.
Wolf Midstream to build NGL North system from Alberta oil sands Calgary-based Wolf Midstream will build the NGL North pipeline and separation system from the Alberta oil sands to produce more petrochemical feedstock and help reduce emissions from hydrocarbons that would otherwise be burned off in natural gas consumption, the company said.
Pemex to invest $2.6 billion at Tula refinery to cut dependence of imported fuels: CEO Mexico's Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery as the country seeks to reduce its dependence on imported fuels, the state company's CEO said May 12.
White House tackles outdated cyber tools for federal networks, urges industry to follow suit US President Joe Biden took steps to modernize national cyber defenses with an executive order and encouraged the private sector to similarly pursue ambitious measures to align their cybersecurity investments with the goal of mitigating future breaches.
Japan's INPEX raises 2021 oil, gas production outlook to 570,000 boe/d as OPEC+ cuts ease Japan's largest upstream company INPEX said May 13 it has revised higher its 2021 oil and gas production outlook by 2% to 570,000 b/d of oil equivalent as a result of the eased OPEC+ output cuts and other factors.
Biden administration to address cyber security of energy assets: Secretary Granholm US President Joe Biden's administration will address the vulnerability of the nation's pipelines and other energy assets in the wake of the Colonial Pipeline hacking attack, US Energy Secretary Jennifer Granholm said May 13.
US grants single Jones Act waiver to move fuel to East Coast as Colonial Pipeline restarts The US has issued a Jones Act waiver to a single shipper to move gasoline and jet fuel from the Gulf Coast to the East Coast as the Colonial Pipeline restarts, the Department of Homeland Security said May 13.
REFINERY NEWS: Limetree Bay temporarily shuts St. Croix refinery Limetree Bay refinery announced it suspended production operations May 12 after an incident at a flare unit "resulted in the release of oil droplets, which traveled directly west," according to a company press release.
OIL FUTURES: Crude falls as Colonial Pipeline due to resume full operations soon 1004 GMT: Oil futures prices fell in midmorning London trading May 13 on news that the key Colonial Pipeline in the US has restarted operations following a cyberattack on May 7.
OIL FUTURES: USAC product cracks retreat as Colonial Pipeline prepares to restart ICE New York Harbor ULSD crack versus Brent fell to around $16.91/b, down around 50 cents from a 14-month high at the close May 12. The ICE NYH RBOB crack versus Brent, which had closed at the highest since August 2017 on May 12, was down around 20 cents at $21.01/b.
Colonial Pipeline to deliver products to all markets by midday Colonial Pipeline said it expects to deliver fuel to all of its markets by midday May 13 following the substantial progress made overnight on the restart after being downed for five days from a cyberattack.
OIL FUTURES: Crude sees largest selloff since late March amid Colonial restart, profit taking Crude oil futures settled down more than 3% on May 13 as supply concerns eased following the reopening of a key US refined products pipeline.
Cheniere Energy sees first-quarter lift from strong global LNG market fundamentals Cheniere Energy delivered to Europe what it described as its first carbon neutral LNG shipment, the company said May 4 as it recorded an almost 5% increase in its quarterly profit because of strong global demand and prices and no cargo cancellations.
IMO's efforts to decarbonize shipping sector need to accelerate: shipping leaders **Consumers may demand faster progress, Maersk official says **Progress may require collaboration between stakeholders
European land mobility hits six-month high as oil demand outlook improves **Sharp summer road fuel demand jump expected **Aviation activity still some 70% below pre-pandemic level
Spot tankers with Jones Act voyage options fail amid Colonial Pipeline restart **Jones Act MR earnings $20,000/d higher on international flag tonnage **Pipeline return could depress USGC freight rates: shipbrokers
RUSSIA DATA: Jan-March oil product exports fall 2.7% on year Russia exports diesel, fuel oil and jet fuel to international markets, and recently started exporting gasoline to Northwest Europe for onward shipment to Africa and the Americas.
UK car use could fall up to 10% in post-pandemic shift to more remote working: study **Still 'too early' to call the impact of post-pandemic travel changes **Impact on public transport usage could see up to 25% reduction
REFINERY NEWS ROUNDUP: Maintenance period in Russia set to peak in May Russia is not planning to enforce an export ban on gasoline as there are sufficient stocks, according to local media reports
MiQ, Carbon Limits to develop certification standard for methane emissions in LNG **To provide buyers with 'transparency' on LNG cargo performance **Certification to be done on asset basis **EQT, Northeast Natural Energy signed up for MiQ certification
INTERVIEW: Torm banks on long-term strength of large oil product tankers **Shift in refinery capacity to lead to higher ton-mile demand **No single fuel will fit the bill on road to decarbonization
Colonial Pipeline begins restart process that will take several days **Limited downtime causes only modest pricing disruptions **Panic-buying led to 50% of gas stations reporting outages in some states
Higher oil demand, prices driving Vaca Muerta oil and gas output growth in Argentina: execs **Oil to lead initial production growth **Gas to follow over long-term in the energy transition **A key for unleashing investment is a proposed promotions law
Singapore developing classification system to boost quality of carbon credits These actions will help strengthen the confidence of carbon market participants.
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