Vineyard Wind raises $2.3 billion, readies to start construction Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and Copenhagen Infrastructure Partners (CIP), reports that its first project has achieved financial close. Working with nine
U.S. seeks $3 million from Ingram Barge for damage to Melvin Price Locks and Dam In a suit filed September 13 in the U.S. District Court for the Southern District of Illinois, the United States is seeking more than $3 million damages from Ingram Barge Company to
Machine learning helps TotalEnergies cut emissions French energy major TotalEnergie is using a solution from Nautilus Labs to visualize and analyze data from its LNG carrier fleet in order to optimize overall efficiency and cut emissions. Working as
Why the Golden Ray capsized The National Transportation Safety Board has determined that an error in entering ballast water quantities into a stability program is the probable cause of the September 8, 2019 capsizing of the car
Covid has revealed lack of investment, MSC chief tells London Speaking to London Shipping Week, the MSC chief executive spoke of higher freight rates causing agony for customers, the need...
Poor training and lack of safety systems caused Golden Ray casualty Golden Ray operator G-Marine Services was found to have contributed to the accident because of inadequate safety procedures
Marine insurance weighs up risks in ESG drive Marine insurance industry seeks collaboration with all stakeholders to better understand what's at stake when it comes to new fuel...
Weekly Briefing: Box shipping dodges bullet | Capesizes weather typhoon | Rising oil demand fails to lift tankers The closure of Shanghai and Ningbo fortunately proved short-lived for the box sector still reeling from supply chain disruption, while...
Box shipping's structural upswing to last until 2023 The up cycle for container shipping will not end until new capacity enters the market. But even a normalisation in...
Major banks join blockchain shipping trade finance project Focus will be put on helping small and medium-sized enterprises gain access to trade finance from banks, with the support...
Norway proposes combining approaches to cut shipping's emissions Norway has told the IMO it should adopt a cap and trade system in combination with greenhouse gas intensity limits...
Each lost container costs logistics industry $100,000 Backbone of increased transparency and visibility is proper data management and proper data analytic, conference told
Two VLCC crew killed by 'large wave' Laden tanker was rounding Cape of Horn in adverse weather heading for Long Beach
Unfit packaging said to cause half of all cargo damage 'It is almost indispensable for cargo insurers, prior to offering cover to new clients, to take a close look at...
DP World to invest $400m in fourth berth at London Gateway Having secured freeport status, DP World is now looking to expand its volumes. The $415m project will start next month
Shipping celebrates its unsung heroes An awards ceremony to celebrate the extraordinary efforts of companies and individuals in shipping during the pandemic has recognised the...
Maersk continues ecommerce sweep Maersk has added to its list of strategic purchases. The latest will see it add capacity in ecommerce warehousing technology
Daily Briefing Divisions open over shipping's decarbonisation costs | What should be the next green fuels? | Cargo owners can help shipping's...
London Shipping Week Daily Podcast: Flagging UK Maritime's next steps In the latest edition of this special bonus run of podcasts for London International Shipping Week, we are joined by...
Port of Virginia remains 'agile and fluid' as peak season approaches 'We're operating very well and getting the same volume surges that everybody else is. But we're absorbing them and we...
Shipping must stop thinking of seafarers as a problem Shipping should regard the human element - at sea and shore - as a resource to be used throughout the...
Berge Bulk sees 'strong' market continuing for two years Berge Bulk remains cautious over the long term as it believes that pandemic-related factors, which have been supporting demand, will...
Chinese counter-sanctions seen as shipping's next big risk Rising tension between the US and China could again place international shipping at the apex of extra-territorial sanctions and conflict...
Britain's export trade has a great deal at stake The UK is already a major exporter on the world stage and is looking to build bridges to trade partners...
CDB Leasing pays 'good price' for seven handysizes from SFL Corp Delivery time should be factored into the pricing as the type of ships were seen as 'money printers' amid the...
Inpex ships carbon-neutral LNG to Toho Gas Inpex says that the carbon footprint of the liquefied natural gas shipments is offset using carbon credits applied to greenhouse...
Union says Cargojet retaliated against pilots for support A union that recently wrested allegiance of pilots at Cargojet away from a competing union now says the company fired some members for their organizing...
Regulators eye new container-fee rules to address alleged overcharging Ocean carrier detention and demurrage practices will be the target of an upcoming proposed rule from the Federal Maritime Commission.
Disgruntled pilots blast 5-year contract with Atlas Air Atlas Air pilots are peeved that an outside arbitrator jammed a new labor contract down their throat. Union says many are threatening to leave.
Chief officer's ballast level error blamed for Golden Ray capsizing "The NTSB determined the probable cause of the capsizing of the Golden Ray was the chief officer's error entering ballast quantities into the stability calculation...
DOT opens probe into container, chassis shortages The Department of Transportation seeks "practical solutions" from the freight industry to alleviate container shortages and supply chain chokepoints.
Crude settles higher on tighter US crude stocks, improved demand outlooks Draw largely result of lingering US Gulf of Mexico production outages following Hurricane Ida.
Canadian Pacific Railway, Kansas City Southern reach $27.2 billion deal after long bidding war
OIL FUTURES: Crude price rally extends on larger-than-expected US inventory draw An overnight crude price rally extended in midmorning trading Sept. 14 on the back of a larger-than-expected draw down in US crude inventories.
US DATA: ULSD production falls to six-month low at 4.03 mil b/d Ultra low sulfur diesel production for all of the US fell 5,000 b/d to 4.03 million b/d during the week ended Sept. 10, US Energy Information Administration data released Sept. 15 showed. This was the third consecutive week that ULSD production had fallen and the levels were the weakest they have been since the week ended March 12, when they stood at 4.00 million b/d, EIA data showed.
Brazil's refined product sales to climb 3.3% to 136.2 mil liters in 2021: EPE Brazilian fuel distributors' sales of refined products in 2021 are expected to increase 3.3% year on year to 136.2 million liters, as Latin America's largest economy bounces back from coronavirus, the state-owned Energy Research Office, or EPE, said in a report Sept. 15.
Some oil-fired units in Japan might be restarted amid rising LNG, coal prices: PAJ chief Japan may see some restarts of oil-fired power generation units this winter, amid soaring LNG and coal prices, Petroleum Association of Japan President Tsutomu Sugimori said Sept. 15, as refiners carry out contingency planning in response to the tightened power supply and demand balance over the past season.
Colonial Pipeline restoring full operations after Hurricane Nicholas Colonial Pipeline said it resumed refinery products flows on Line 2 early on Sept. 15, restoring the major fuel artery to normal operations in the aftermath of Hurricane Nicholas' South Texas landfall.
Japan refiners expect winter crude procurement to be similar to last year Japanese refiners expect a similar level of crude oil procurement this winter as last, and have started adjusting imports to be able to stockpile kerosene for heating demand, Petroleum Association of Japan President Tsutomu Sugimori said Sept. 15.
CHINA DATA: August crude throughput falls to 15-month low at 13.8 million b/d China's crude throughput fell 2.2% on the year to 13.8 million b/d, or 58.35 million mt, in August amid high product stocks -- a 15-month low -- data from the National Bureau of Statistics showed Sept. 15.
INTERVIEW: International Seaways CEO sees two-speed tanker recovery Short-term demand recovery for the tanker market will rely on buying appetite for oil in emerging economies and on their successful vaccine rollouts, International Seaways CEO Lois Zabrocky told S&P Global Platts.
NWE 50 ppm gasoil value at five-week low on lack of demand The Northwest European 50 ppm gasoil barge market has fallen to a five-week low in the absence of demand for heating oil and with buyers having little incentive to build stocks at current flat prices, sources said.
BP to collaborate on shipping, industrial fuels with Japan's NYK Line BP is to collaborate on fuels and transportation solutions in the shipping and industrial sector with Japanese shipping and logistics company NYK Line.
FUJAIRAH DATA: August bunker sales rise 2.5% on month, miss estimates Bunker sales in August at the UAE's Port of Fujairah, the world's third largest bunkering hub, rose 2.5% on the month to over 700,000 cu m for the first time in 2021, according to Sept. 15 data from the Fujairah Oil Industry Zone provided exclusively to S&P Global Platts. But the sales still missed estimates, partly because a ship attack off the port in August temporarily disrupted traffic, traders said.
Shandong independent refineries' throughput dips on strict environmental checks China's independent refineries in the eastern Shandong province have cut crude throughputs in recent weeks on the back of strict investigations launched by the environmental protection bureau.
Dated Brent differential slumps amid competition, building length The Dated Brent differential has come under significant pressure through September so far amid competition from light sweet crudes across Europe and the resulting length building in the market.
South Korean ports suspend bunkering operations ahead of Typhoon Chanthu: sources Bunkering operations at South Korea's southern ports of Busan, Ulsan and Yeosu have been partially suspended ahead of Typhoon Chanthu, market sources told S&P Global Platts Sept. 15.
Asian gasoil markets eye sustained growth in Q4 on tight supply, demand recovery Asian gasoil markets are on the cusp of change and poised to see sustained growth in the fourth quarter as rising vaccination rates boost demand -- just as a reduction in regional output and an open East-West arbitrage reduce supply.
FUJAIRAH DATA: Oil stocks tumble to three-year low with all categories down Oil product stockpiles at the UAE's Port of Fujairah have declined to a three-year low, with all categories showing dwindling supplies.
OIL FUTURES: Crude climbs on high US inventory draws, continued US Gulf disruptions 0640 GMT: Crude oil futures edged up during midafternoon trade in Asia Sept. 15 on higher-than-expected US crude draws and capped supply in the storm-swept US Gulf Coast.
JAPAN DATA: Refinery run rates slip to 76.5% Sept. 5-11 on weak product demand Japan's refinery run rates slipped to 76.5% over Sept. 5-11, from 78% between Aug. 29-Sept. 4, as refiners cut crude throughput by 1.8% week on week to 2.65 million b/d, data from the Petroleum Association of Japan showed Sept. 15.
TANKERS: US Gulf Coast dirty tanker markets see queries after Nicholas silence US Gulf Coast Aframax charterer inquiry picked up Sept. 14, within a day after Hurricane Nicholas made landfall on the Texas coast, as queries emerged regarding replacement ships, after a muted start to the week.
India's BPCL plans no fuel oil exports for Sep even with desulfurizer turnaround State-owned Bharat Petroleum Corp. Ltd. plans no exports of high sulfur fuel oil and low sulfur fuel oil for September due to firm domestic demand from industries, even though maintenance at a diesel hydro desulfurizer unit could raise fuel oil production, company sources said Sept. 15.
Pakistan may import fuel oil after years as LNG prices on fire Pakistan is likely to import fuel oil after a gap of three years as the country looks to cushion the shock from surging LNG prices at a time domestic appetite for fuels from the industrial sector is growing fast due to improving economic growth prospects, sources and analysts said.
VLGC dry dockings through Q4 to soften downward impact of newbuilds on freight rates Dry docking activities of very large gas carriers are expected to last through Q4 2021 that could soften the downward trend of freight rates impacted by newbuilds, shipping sources said.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
