Taiwan Navigation to use Inmarsat Fleet Connect Following the successful trial of its Smart Ship Viewer (SSV) bridge solution onboard Taiwan Navigation's handymax bulk carrier Tai Splendor, JRC (Japan Radio Company Co. Ltd.) has joined the growing number of
Wind-assisted box ship design promises big CO2 reductions Bureau Veritas has granted its Approval in Principle to an innovative design for a 2,500 TEU containership, the Trade Wings 2500, that promises significant reductions in CO2 emissions compared with current conventional
Shipping calls to suppress piracy in Gulf of Guinea Declaration More than 120 shipping companies, trade groups and flag states have signed the Gulf of Guinea Declaration on Suppression of...
Semi-virtual hearings here to stay, says leading arbitrator Semi-virtual hearings represent the future of maritime arbitration in UK capital, with document-only decisions also likely to become more common...
Transatlantic product tanker rates retreat as Colonial Pipeline reopens Malta-flagged combined chemical and oil tanker Valrossa seen loading at the Lake Charles berth for Citgo, which along with Valero...
Maersk wants global phased-in market-based measure agreed by 2025 The carrier believes the European Union should give the IMO until 2025 to agree on a market based measure, before...
Bunker surcharges lose their bite Eighteen months ago carriers were introducing new mechanisms to pay for the added costs of low-sulphur fuels. But soaring freight...
Four tankers in subterfuge fleet scrapped Three of the vessels were formerly owned by Greece's Gotsis family before their sale to anonymous Emerati business, which used...
Tufton divests two handysize bulk carriers The company plans to redeploy the proceeds 'promptly' and will be likely to acquire a tanker with similar economics to...
Beazley sees 12% hardening of marine rates in first quarter Suez closure will have little impact, listed company adds, as chief executive hails positive start to the year and momentum...
Box terminals fail to reap gains from higher volumes High freight rates and surging demand have led to a stock market bonanza for container lines. But consolidation and congestion...
Drugs worth $77m found in cargoship at Sydney Australian police seized nearly A$100m ($77.5m) of methamphetamine stashed in barbecue grills and water heaters on a cargoship arriving at...
The real reason why there are so few female seafarers The transformation of shipping is likely to demand new skills for which women are much better suited. For this reason...
China Merchants offloads VLCC to Greek owner The non-eco designed, Chinese-built large tanker was sold for more than $38m, including commissions. It is equipped with ballast water...
Daily Briefing Free to read: Shipping's sustainability scorecard not measuring up | Nations step up vaccinations to boost crew change programmes |...
CMA CGM vessel to set record at North American east coast ports Import volumes in the first half of 2021 are set to surge by 29.1% compared with last year, according to...
MOL joins initiative to study ammonia supply chain Move comes shortly after the company joined a study to evaluate the feasibility of developing a supply chain that will...
Time to start prepping for Christmas shipping capacity crunch With the retail inventory-to-sales ratio still falling, U.S. importers are urged to move fast on their holiday import plans.
FreightWaves Flashback: US may set aside 30% of oil for US ships 1974: Administration opposes HR-8193, but House sub-committee gives it an OK. Mountainous Bolivia asks 50% for its ships; others get 100% share of their own...
Perishable produce puts more pressure on tight air cargo market Finding cargo space on aircraft these days is a challenge. Now comes another layer of demand from U.S. fruit growers looking to export from the...
Fire blamed for latest Golden Ray dismantling delay The capsized roll-on/roll-off vessel has been on its side near Georgia's Port of Brunswick since early September 2019.
Fire-damaged container ship being towed to Port of Oakland There have been no reported injuries, pollution or cargo losses aboard the vessel deployed on a ONE Atlantic service.
INDIA CEO SERIES: Retail gas, LNG by trucks, hydrogen figure in H-Energy's growth vision India's H-Energy is expecting that the start of its FSRU-based LNG regasification terminal will help to push its strategic expansion plans forward by helping capture a substantial share of India's gas market, as well as realizing its vision to make inroads into the retail gas and hydrogen sectors, the company's CEO told S&P Global Platts.
US gasoline stocks expected higher as Colonial shutdown disrupts flows US gasoline inventories likely climbed during the week ended May 14, analysts surveyed by S&P Global Platts said May 17, as the closure of the Colonial Pipeline disrupted shipments and left product stranded on the US Gulf Coast.
OIL FUTURES: WTI hits two-year high on improved demand outlooks, weaker dollar Crude futures settled higher May 17 as a weaker dollar and signs of continued demand recovery in the US and Europe overshadowed renewed demand concerns in Asia.
Kobe/Kansai to account for 10% of Japan's hydrogen demand within 10 years Hydrogen demand in Japan's Kobe and Kansai regions -- currently negligible -- is set to rise to 330,000 mt by 2031 on demand from the power generation and industrial sectors, the Kobe/Kansai Hydrogen Utilization Council forecast in a report on May 17.
Nigeria's NNPC narrows list of new term crude supply deal to 38 recipients: sources State-owned Nigerian National Petroleum Corp. had handed its 2021-23 crude oil term contracts to 38 recipients including 26 foreign and local companies and 12 countries based on government-to-government supply deals, industry and trading sources said May 17.
EMEA Middle Distillates: Key market indicators European distillates outright prices have continued to rise to pre-pandemic levels on the back of bullish crude oil markets, but markets still lack clear direction as weak demand balances off against low supply.
INTERVIEW: Oman wants to extend gas pipeline network to Iran and Yemen: minister Oman would like revive plans to import Iranian gas via pipeline should the nuclear deal be reinstated, and is also considering extending its pipeline network to Yemen, Mohammed al-Rumhy, the sultanate's oil and gas minister told S&P Global Platts.
Nigeria's Pengassan union warns of security threat in oil-rich southern states The rising wave of insecurity across Nigeria's southern oil states could pose a major threat to the country's oil output if it remained unchecked, Nigeria's senior oil workers' union Pengassan warned May 17.
Asia Middle Distillates: Key market indicators this week The Asian middle distillate complex in the week that began May 16 will likely face pressure from tepid demand amid a resurgence in COVID-19 cases.
Asia crude oil: Key market indicators this week Crude oil futures were higher at the start of the week of May 17 compared to the Asian close on May 14 as crude held on to the gains made during the overnight trading session on May 14, despite the region grappling with the prospect of further demand destruction amid renewed mobility restrictions.
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week Rotterdam 0.5%S Marine Fuel FOB barges finished the week assessed at $476/mt on May 14, down slightly from $477.75/mt the previous week.
DAPL cites Colonial Pipeline outage as reason to remain open The owners of the Dakota Access Pipeline cited the recent Colonial Pipeline outage from a cyberattack and a May 16 train derailment in Iowa as reasons to keep the major Bakken Shale crude oil artery open as it faces a potential court-ordered shutdown.
Singapore 10 ppm gasoil-delivered Zhoushan bunker spread near 9-month high on firm gasoil, weak bunker The spread between FOB Singapore 10 ppm sulfur gasoil and delivered Zhoushan Marine Fuel 0.5%S bunker was assessed on May 14 at its widest since Aug. 21, 2020, on the back of a strong gasoil market and weak bunker prices in Zhoushan.
EMEA octanes: Key market indicators Bullish expectations for gasoline demand during May as coronavirus restrictions ease may offer support to naphtha and ethanol markets, while market participants also anticipant buoyant demand for MTBE and ETBE.
AMERICAS BUNKERS: Key market indicators May 17-21 **Seasonal demand shifts felt in Argentina **Asia guides PNW ports amid limited liquidity **USGC retail 0.5%S value tracks weaker bulk segment
Iran to export first crude cargo from Oman Sea coastal terminal in June: minister "Construction of the Goureh-Jask oil pipeline has finished," oil minister Bijan Zanganeh said, referring to the conduit that will carry 1 million b/d of crude from Iran's West Karun oil fields to the southern coast on the Sea of Oman for export.
OIL FUTURES: Crude softens on Asian COVID-19 concerns The tightening of COVID-19 restrictions in Singapore and Taiwan, and the extension of the state of emergency in Japan highlighted the worries about the coronavirus situation in Asia, analysts said.
Iran oil minister Zanganeh to step down after June elections: state media **Zanganeh a 20-year veteran of government **Opened Iran's oil sector to western companies **Platts survey showed Iran's output up 130,000 b/d in April
RUSSIA DATA: Jan-April throughput at seaports falls 4.2% on year **Fall in volumes of liquids at most port **Russian liquids output likely to rise through year
CHINA DATA: April crude throughput rises 0.1% on month to 14.15 mil b/d despite maintenance **Apr throughput up 0.1% on month at 14.15 mil b/d **Platts Analytics projects Q2 throughput above 14 mil b/d
LGM Engineering bags more LNG-fueled gas system orders on LNG bunkering momentum **Delivery of orders to start in 2022 **Will meet IMO Tier III emissions standards
Asia residual fuel: Key market indicators this week The Asian high sulfur fuel oil market was witnessing contrasts, with indications of noticeable demand for power generation from the Middle East and falling demand in Sri Lanka.
NYK Delphinus engine room catches fire off US West Coast, no oil leakage yet: ONE "As of now there is no oil leakage reported," ONE said on May 15, adding that investigations were continuing
Maritime players forge ahead to advance ammonia fuel supply chain in Singapore The move is line with MOL's "Environmental Vision 2.0" for achieving net zero emissions by 2050.
Sri Lanka cuts June fuel oil imports, raises hydropower reliance "Owing to the rains we've been receiving recently, we're able to switch to hydroelectric power to meet some of our power sector demand," the source said.
Everfuel plans green hydrogen plant to supply Denmark's Fredericia refinery The electrolyzer will be powered by wind and solar, which will contribute to grid balancing, the company said.
Latest regulation in Mexico's fuels market facing legal hurdles S&P Global Platts Analytics expects demand for liquid fuels in Mexico to increase in 2021, and imports to remain at over 60% of total sales.
Ship charterers asked to provide crew health checks by maritime forum "The biggest cost [for maintaining supply chains] is to our seafarers," Sadan Kaptanoglu, President of BIMCO, 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
