Algoma Central fined $500,000 for 2017 pollution offense The Environmental and Natural Resources Division of the U.S. Department of Justice reports that St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX:ALC) has been fined $500,000 after pleading guilty to dumping wastewater
U.S. Ports See Silver Linings Despite Pandemic Earlier last month, Port Canaveral in Florida marked a historic milestone in the safe, reliable transportation and delivery of liquefied natural gas (LNG) in North America as the Q-LNG 4000, a cutting-edge
Illinois makes $110 million available for public port improvements Illinois Governor JB Pritzker and the Illinois Department of Transportation (IDOT) yesterday announced that $110 million in funding from the bipartisan Rebuild Illinois capital plan is available to improve public ports across
One dead, 12 missing following lift boat capsize The Coast Guard is continuing to search for possible survivors following the capsizing yesterday of the 129-foot SEACOR Marine lift boat SEACOR Power in a storm, when it was 8 miles south
Bernhard Schulte: Ever Given good to go All that is now preventing the giant containership Ever Given from leaving the Suez Canal is the order impounding it imposed by the Suez Canal Authority pending payment of its claim against
Getting set for biggest box ships, GPA places 28-crane order with Konecranes The Georgia Ports Authority (GPA) has ordered 20 eco-efficient Konecranes rubber tired gantry (RTG) cranes and 8 Konecranes ship-to-shore (STS) cranes for the Port of Savannah. Six of the STS cranes will
Shipping green fuel levy faces opposition from developing nations Major developing nations are opposed to a levy through fuel consumption or taxation. They argue the burden should instead fall...
Missed positive coronavirus test delays vessel for 11 days Mutual insurer the International Transport Intermediaries Club urged vigilance in checking Covid-19 tests after a missed positive result caused an...
Marine insurers dismayed by $1bn claim for Suez Canal block and seizure of vessel 'The ship is worth $100m or thereabouts. No one in their right mind is going to be paying a claim...
Arrow bullish on dry bulk and containers The brokerage's head of research Burak Cetinok told a Marine Money conference that dry bulk had been led by China's...
Shell to trial fuel cells on deep sea vessels Shell's Grahaeme Henderson said that the trials would initially use LNG to power the fuel cells, before hydrogen or other...
Panama Canal delays fees hike Fees for booking reservation and auction slots were due to rise from April 15. After discussions with customers, price increases...
Iran linked to another attack on Israeli shipping Local media said the Israeli-owned Hyperion Ray was attacked with a missile near Fujairah, but it may have missed the...
Hapag-Lloyd adds to equipment order The slowdown in the container supply chain means boxes are taking longer to return to export hubs. Hapag-Lloyd is seeking...
Seatrade partners to acquire UK's Geest Line Antwerp-based reefer specialist forms joint venture with logistics group Jamaica Producers in the takeover of conventional reefer operator Geest Line...
Demand recovery boosts China Merchants Port's earnings Container terminals owned and invested by the company handled more than 32.3m teu of boxes in the three months, up...
MSC closes in on Maersk as largest operator of containership tonnage Maersk's acquisition of rival lines helped it build the world's largest boxship fleet. But an aggressive orderbook means MSC could...
Adani Ports facing heat over Myanmar military links Responding in March to allegations by activists, the port group has held that it is the sole and full owner...
Daily Briefing Free to read: Suez closure likely to lead to 'a spider's web' of claims | Delays expected as Suez cargo influx...
Capesize earnings surge on increased vessel demand According to Breakwave Advisors, a cyclical upturn is underway, and the current tightness should not be viewed as just another...
Bank of China joins shipping blockchain platform Pilot transactions have already been completed with two GSBN founding members, Cosco Shipping Lines and Orient Overseas Container Line
Ifchor joins ClearBlue Markets in carbon trading venture The new venture will help the shipping industry to navigate through the changing legislation, source high-quality emissions offsets as well...
'March madness' at LA port amid 'once in a lifetime' surge Imports into Los Angeles at not slowing down. Can the backlog be cleared before the peak-season swell begins?
Viewpoint: Recovering losses due to the Suez Canal blockage Trade and supply chain disruptions are inevitable, so it's important to take steps to protect yourself.
777 'Big Twin' program reaches midpoint for cargo conversion The Big Twin is the nickname for the Boeing 777 passenger-to-freighter conversion aircraft. It's big, has two engines and is getting ready for metal cutting.
OIL FUTURES: Crude price rally accelerates following US inventory draw Total US commercial crude oil stocks fell 5.89 million barrels to 492.42 million barrels during the week ended April 9, EIA data showed.
Short-term gains for HSFO before bullishness fades on higher OPEC+ output **HSFO crack in backwardation from May until 2022 **Eastern, European markets already well-supplied
RUSSIA DATA: January-March crude, product port throughput down 13.6% on year Crude oil throughput was down 18.7% at 55.8 million mt while oil products were down 7.3% at 37 million mt, the association said.
Strait of Gibraltar bunker hubs show potential signs of 2021 rebound **Gibraltar bunker calls hit three-month highs **Algeciras bunker volumes up 18% on year
China's emissions trading system key to power sector decarbonization: IEA report The ETS was launched in February 2021 but is yet to begin trading. The role of emissions trading is critical due to the scale of China's electricity sector, and its coal-fired capacity.
Q1 throughput at NMTP's Baltic Stevedoring container terminal spikes 80% on year Baltic Stevedoring Company primarily handles container cargoes onto and from vessels and provides cargo storage and vessel mooring services. The company is part of the Novorossiisk Commercial Seaport Group (NMTP).
Containership Ever Given arrested by Suez Canal Authority: sources The SCA's claim against Shoei Kisen includes $300 million as a salvage bonus and $300 million for loss of reputation. The claim on reputation has been disputed by Shoei Kisen and its insurer, sources said.
REFINERY NEWS ROUNDUP: More full or partial closures in Europe More full or partial closures of refineries have been announced in Europe as ExxonMobil evaluates the conversion of its Slagen refinery in Norway and a number of Spanish refineries are shutting units and laying off staff temporarily.
REFINERY NEWS: Finland's Neste ends refining at Naantali "Neste will continue port and distribution terminal operations in Naantali," it said April 14.
Kuwait's KPC buys more May HSFO cargoes as power generation demand rises "There's more demand from our domestic utilities sector, and it's possible we may seek more cargo for delivery later in May," a KPC company source said.
IEA raises 2021 world oil demand forecast by 230,000 b/d on firm economic recovery **Economic indicators more robust as stock continue to fall **US oil demand estimates raised by 370,00 b/d for Q4 **Seems near-term risk of downward pressure on oil prices
FUJAIRAH DATA: Oil product stocks drop after first jet fuel shipment this year There were 2.13 million barrels of fuel oil headed out of Fujairah in the week started April 5, the most in three weeks with some 1.36 million barrels signaling Singapore as a destination
JAPAN DATA: April 10 oil product stocks rise 2% on week to 60.4 million barrels
JAPAN DATA: April 4-10 oil product exports plunge 55% on week to 1.23 mil barrels High sulfur fuel oil exports fell 52.7% to 354,391 while low sulfur fuel oil exports rose 6.5% to 251,556 barrels.
TENDER DATA: South Africa's Engen seeks IMO-compliant fuel oil for H2 May
China Zhoushan port's Q1 bonded bunker fuel volume rises 19% on year to 1.18 mil mt The uptick in bunker sales was off a base last year, as China started ramping up production of low sulfur fuel oil for bonded bunkering only after a value added tax rebate was introduced on Feb. 1, 2020.
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