New MARAD report: U.S. shipyards support $42.4 billion in GDP The U.S. Department of Transportation's Maritime Administration (MARAD) has released a new report - The Economic Importance of the U.S. Private Shipbuilding and Repairing Industry-that measures the economic importance of the shipbuilding
Home Depot charters in own box ship Home improvement retail giant Home Depot Inc. has been hit so hard by shipping delays that it has chartered in its own containership, according to a CNBC report. "We have a ship
Bouchard Transportation assets set for bankruptcy auction The assets of petroleum tank barge specialist Bouchard Transportation Company, which filed for Chapter 11 bankruptcy September 28, 2020, are to be auctioned off. A notice of auction for the "sale of
Supreme Integrated Technology launches innovative design for ballast systems SPONSORED CONTENT: With over 50 years' experience designing and building movable structures for military and marine applications, Supreme Integrated Technology (SIT) has an expert reputation for developing optimized systems for complex applications.
Costamare diversifies into dry bulk with deals for 16 vessels Costamare is putting some of its mounting cash balance from a sizzling market into a similarly strong dry bulk sector...
IMO adopts CO2 intensity reductions to 2026 amid strong opposition The IMO agreed that ships should improve their CO2 intensity by 2% annually between 2023 and 2026. However, the decision...
Hapag-Lloyd expects extended peak season on strong demand Congestion will only come to an end when demand eases. But as demand continues to outstrip supply, shippers are in...
Why Ever Given cargo claims will get ever larger The longer the Evergreen-chartered boxship is prevented from sailing, the more perishable cargoes will spoil and the more retailers will...
IMO short of emissions experts Governments have backed the IMO's request to hire two more officers as the growing workload of regulating greenhouse gases and...
Trøim to launch new dry bulk company The new company is said to have already ordered several newcastlemaxes from New Times Shipbuilding in China to be delivered...
China port congestion threatens more schedule disruption The queue of vessels waiting to berth in southern China's box ports is increasing. The capacity removed from the market...
Webinar: How to decarbonise shipping Shipping heavyweights DNV, Wärtsilä and Maersk joined Lloyd's List to discuss the industry's decarbonisation trajectory, the role of regulation and...
Rates crisis favours larger shippers Rates for freight on both the spot and contract market have surged. But the differential between the two is making...
Pan Ocean to drop dual listing in Singapore Pan Ocean Co announced its delisting bid after announcing a slew of charters and shipbuilding orders in the LNG space
Daily Briefing Free to read: Don't shoot the carrier | US calls incoming emissions measure 'weak' | The Lloyd's List Podcast: Why sustainability...
Germany in hydrogen supply pact with Australia Australia's ambition is to produce the 'cheapest clean hydrogen in the world, which will transform transport, mining, resources and manufacturing...
First Air Canada freighter routes include Miami, Mexico and S. America Air Canada is making cargo a bigger part of its business plan. It's turning eight passenger planes into double-deck freighters.
FreightWaves Flashback: Crisis on the Mississippi River 1976: A massive eight-day backup of barge traffic at Locks and Dam 26 on the Mississippi River results in shipping losses estimated as high as...
US crude oil stocks expected lower amid likely increase in refinery demand US crude oil inventory draws likely extended in the week ended June 11 amid an expected uptick in refinery utilization, analysts surveyed by S&P Global Platts said June 14.
Libyan crude production rebounds as Waha Oil fields ramp up: sources Libyan crude output has risen more than 150,000 b/d in recent days after Waha Oil fields almost doubled production, almost a week after a key pipeline was shut down due to a series of leaks, industry sources said June 14.
EKOFISK CRUDE TRACKER: One Aframax loads in week to June 13: cFlow Loadings of North Sea Ekofisk crude in the week to June 13 comprised just one Aframax, down from two the previous week, according to cFlow, Platts trade flow software.
Australia partners with Germany, Singapore on hydrogen initiatives Australia has advanced its commitment towards the development of a hydrogen economy by strengthening partnerships with Germany and Singapore.
Persistent operational issues hold up Nigerian oil production growth Nigeria's oil production growth will remain impeded in 2021 as it faces teething technical and operational issues, which are being exacerbated by the recent rise in pipeline leaks and sabotage, industry sources and analysts said June 14.
ECUADOR DATA: April crude output more than doubles on year to 499,000 b/d Ecuador pumped an average 499,000 b/d of crude oil in April, a 138% increase from the 210,000 b/d produced in April 2020, but a slight 0.6%% decline from the 502,000 b/d pumped in March, according to data available June 14 on the central bank's website.
ICE LSGO futures net speculative length hits fresh 2.5-year high Speculative net long positions in ICE low sulfur gasoil futures were up 4,741 contracts to a fresh two-and-a-half-year high of 155,419 in the week to June 8, according to ICE data.
Equinor finds more oil near Norway's North Sea Snorre, Visund fields Equinor and its partners have made a new oil discovery in Norway's North Sea which is expected to add production volumes to the country's producing Snorre field, the partners said June 14.
INDIA DATA: May gasoil consumption falls to 8-month low as lockdowns hit demand India's gasoil consumption slumped to an eight-month low in May as demand shrank amid tighter lockdowns that fanned out across the country as several states grappled to arrest a severe resurgence of the coronavirus pandemic.
OIL FUTURES: US product prices fall as RIN selloff extends US refined product futures settled lower June 14 as the value of Renewable Identification Numbers continued to decline following reports June 11 that the White House may extend relief to refiners from biofuel blending mandates.
Belgium's Northstar Bunker restarts HSFO supply amid growing uptake for scrubber use **HSFO spot demand picking up: Northstar **Scrubber numbers on the rise
AMERICAS BUNKERS: Key market indicators June 14-18 **Peru markets benefit from lack of supply in Ecuador **0.5%S-MGO spread widens in Vancouver **Oversupply issues persist for US Gulf Coast: sources
Morocco eyes green hydrogen exports with IRENA renewables collaboration **Builds on IRENA hydrogen framework with EC **Morocco aims for 52% renewable power by 2030
Manufacturers eye onboard CCS to cut shipping emissions **2030 climate target for shipping is looming **Likely future fuels more costly than current options
JAPAN DATA: April bonded bunker fuel exports rise 5% on year to 2.9 mil barrels **April bunker exports fall 10% on month **Demand recovers from COVID-hit Q2 2020
OIL FUTURES: Crude supported by upbeat IEA demand outlook On June 11, the IEA said it expected global oil demand to return to pre-pandemic levels by the end of 2022, and said the current market was "in outstanding conditions" despite the ongoing COVID-19 situation.
Asia residual fuel market - Key market indicators this week Some Singapore marine fuel 0.5% suppliers have revised estimates of sales in the city-state on lesser vessel deviations from China in the week of June 14.
OIL FUTURES: Crude moves higher amid IEA's positive demand projections Following a record decline of 8.6 million b/d in 2020, global oil demand is forecast to rebound by 5.4 million b/d in 2021, IEA said in its latest market report.
SINGAPORE DATA: May bunker sales rise 3.7% on year to 4.07 mil mt Although sales of 380 CST HSFO slid 10.2% on month, sales of the grade rose 38.7% on year.
BP Marine keeps Australia, New Zealand focus despite tepid bunker demand "COVID-19 has had a huge impact on demand in the region," Tolani said.
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