VIDEO: NCL floats out first ship in new class Norwegian Prima, the first of six ships in Norwegian Cruise Line's first new class of vessels in nearly 10 years, has been floated out from her building dock at Fincantieri's shipyard in
Coast Guard concludes public hearing into loss of SEACOR Power The Coast Guard and National Transportation Safety Board today concluded their formal public hearing on the sinking of the liftboat SEACOR Power and the loss of all but six of its 19
Hybrid version of Chartwell 24 CTV makes its debut U.K. headquartered HST Marine has taken delivery of the HST Ella, the first hybrid version of the successful Chartwell 24 offshore wind crew transfer vessel (CTV) design from Southampton, U.K. naval architect
Wärtsilä 20DF upgrades include more power, less methane slip Wärtsilä has introduced an upgraded version of its successful Wärtsilä 20DF dual-fuel engine. It says that the new version will deliver increased power output, have a reduced environmental impact, and will feature
Norfolk Naval Shipyard uses ROV for underwater inspections The Norfolk Naval Shipyard (NNSY) Technology and Innovation (T&I) Lab recently used an underwater remotely operated vehicle (ROV) to perform an inspection for the USS George H.W. Bush (CVN 77). The ROV,
US sanctions Iran-linked Liberia-flagged tanker This is the only Liberia-flagged ship on Ofac's blacklist for violating unilateral US sanctions on Iran or Venezuela
Vessel attack reported off Somalia A vessel was reported attacked 100 nautical miles northeast of Mogadishu. Four attackers in a skiff exchanged gunfire with its...
Heidmar diversifies in dry bulk and technical services After a period of flux, new owner Pankaj Khanna has plenty of new plans for venerable pool operator Heidmar and...
Why the global supply chain is hanging by a slender thread With global supply chains stretched to breaking point any further disruption could be critical. A widespread closure at Ningbo would...
Who actually cares about ESG? ESG is hard to nail down, it's constantly evolving, it lacks standardisation. Nevertheless, for an industry needing to attract investment...
HMM bounces back to black HMM has struggled to make money in the past. The high freight rate environment and improved volumes have lifted revenues...
Congestion expected to rise as more ships bypass closed Ningbo terminal Congestion and delays are anticipated as some vessels are being diverted to other terminals in Ningbo, where ships are already...
The Lloyd's List Podcast: What the 'code red' climate report means for shipping The consensus findings of the world's leading climate scientists were issued this week as a 'code red for humanity'. We...
Capes experience renewed strength on Brazilian activity The number of capes able to load in Brazil for the end August and into September is very limited, and...
Daily Briefing Legislation or communication the better route to peace in fractious container trades? | Ningbo pile-up beckons | Why shipping needs...
NYK: Crimson Polaris had over 1,600 tonnes of fuel oil on board Vessel had about 1,550 tonnes of heavy oil and around 130 tonnes of diesel oil on board when it ran...
Bulk carriers benefit from China port congestion Around 230 bulk carriers at anchor outside northern Chinese ports while another 239 wait outside Ningbo and Shanghai, Lloyd's List...
More supply chain delays as Ningbo port congestion worsens The Port of Ningbo is in a partial lockdown, putting immense pressure on an ocean transportation system squeezed to the maximum. It's a replay of...
Cargo airlines cancel hundreds of China flights amid COVID outbreak Labor shortages at Chinese airports and pilot quarantine rules related to COVID are forcing airlines to scuttle many cargo flights to keep operations going and...
Singapore 10/500 ppm gasoil spread near 16-month high on rising medium sulfur supply The FOB Singapore price spread between 10 ppm sulfur and 500 ppm sulfur gasoil widened to a near 16-month high at the Asian close Aug. 12, with ample supply and poor demand weighing on fundamentals for the higher sulfur distillate.
Rosneft Q2 liquids output slumps 3.6% on year despite improving conditions Russia's largest crude producer, Rosneft, saw its liquids output in the second quarter drop 3.6% year on year to 47.89 million mt, or an average of 3.89 million b/d, according to operational results released Aug. 13.
SINGAPORE DATA: Gasoil, jet fuel stocks inch up as COVID-19 surge saps demand Asia's main trading hub of Singapore saw middle distillate inventories extending gains for the second straight week along with the rapid spread of the delta variant across Asia denting demand and threatening to undo significant progress made previously, which had brought inventories down to precoronavirus levels.
SINGAPORE DATA: Residue stocks edge up 0.6% to 22.57 mil barrels as fuel oil imports rise Singapore's residue stocks inched up 0.57% week on week to 22.566 million barrels, or 3.56 million mt, Enterprise Singapore data for the week ended Aug. 11 showed, amid the simultaneous 13% increase in fuel oil imports and 13% decline in fuel oil exports.
FEATURE: Conflict zones a challenge to Colombia's oil production goals Catatumbo, Colombia is one of the most oil-rich regions in the country, with an estimated 17 million barrels of unexplored oil reserves.
US sanctions VLCC, Omani oil broker in latest sign of trouble for Iran nuclear talks The US Treasury Department leveled new sanctions Aug. 13 against an Omani oil trader and a Liberian-flagged crude oil tanker accused of facilitating Iranian oil exports, the latest sign of friction around the stalled US-Iran nuclear talks.
OIL FUTURES: Crude prices drop but hold steady near $70/b threshold Crude oil prices fell Aug. 13 but still held steady near the $70/b threshold as fears of economic and supply-chain slowdowns bubbled up as a result of China closing a major port terminal.
FEATURE: Diversifying supply sets up Panama as key regional hub for high sulfur bunkers The high sulfur bunker fuel in Panama has seen very competitive pricing recently as supply of the fuel to the hub is diversifying, leading values to fall during the week ended Aug. 13 under those in Houston.
RUSSIA DATA: Novorossiisk, Primorsk Jan-Jun throughput down 6.9% on year **Liquids fall 9.2% on year to 46.1 million mt **Dry goods fall 3.4% on year to 12.2 million mt
Shippers await clarity on impact of shutdown at China's Ningbo **Carriers omit sailings at the terminal, warn of delays **Shippers fear booking cancellations **Lockdowns, delays in Vietnam may exacerbate problems
Carbon credits: Strong correlation between geography, prices **Discounted credits in India, China, Africa add to overall market competitiveness **Larger supplies, cheaper labor result in lower credit prices from some countries
ARA fuel oil stocks down 0.6% on week at 1.235 million mt: Insights Global **HSFO backwardation remains **Low sulfur complex rangebound **Hi-5 widens, but still lower on week
SPAIN DATA: Refinery output drops 6% in H1 **Lowest H1 production on CORES records since 2012 **Import, export volumes lowest H1 in seven years
OIL FUTURES: Crude oil prices edge lower as demand outlook softens, delta-variant spreads Any significant upside was blunted in the wake of the latest International Energy Agency report, which lowered oil demand growth expectations for the remainder of 2021.
Japan's NYK says oil spill control operations underway after grounding of ship **Crimson Polaris grounded off the coast of Hachinohe **Cause of accident to be confirmed **Extent of environmental pollution being assessed
BUNKERWORLD INDEX: Prices up amid mixed outlooks for crude, regional marine markets **VLSFO production at Zhoushan likely to grow **HSFO tightness in Med likely to linger until end of summer **Americas markets look to wider oil complex for direction
SINGAPORE DATA: July bunker sales fall 2.3% on year to 4.06 million mt In comparison with June, LSFO bunker sales were down 1.7% on the month.
Indian refiners seek vacuum gasoil for Sept as feedstock amid higher refined products demand Indian Oil Corp. and Mangalore Refining and Petrochemical Ltd. issued tenders seeking vacuum gasoil, for early-September delivery.
FEATURE: Zhoushan bunker prices to stay competitive as state refiners look to boost sales **Smaller players pressured as market dynamics change **Port continues to position itself as dominant bunker hub
Sri Lanka's Colombo, Hambantota ports achieve more bunkering feats with latest foray **Advantis Bunkering starts delivered HSFO supply at Colombo **Favorable Hi-5 spread supports scrubber installations
Bunker demand at Zhoushan unscathed amid port closures at Ningbo This is the second port closure after Meidong container terminal shuttered Aug. 11, when a COVID-19 case was detected which led port authorities to close the port with immediate notice.
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