President Biden names U.S. Maritime Administrator nominee President Joe Biden has announced his intention to nominate retired U.S. Navy rear admiral Ann Phillips as Administrator of the United States Maritime Administration at the Department of Transportation. If confirmed, Phillips
UN's Guterres says shipping is failing to cut emissions UN secretary-general Antonio Guterres called on the transport industry to set more ambitious climate targets to keep global warming below...
FrontNav - a tanker giant 20 years in the making? By purchasing shares ahead of any potential merger, Mr Fredriksen's strategy looks like a familiar play of creating volatility around...
'Asset light' BP Shipping trims tanker losses Private subsidiary of oil major BP reveals $90.2m loss in 2020
Braemar trading ahead of expectations as growth strategy kicks in 'Our investment into dry cargo and securities in the past three years has seen the business swing. We now have...
Capesize spot rates slide on few prompt iron ore enquiries The energy crisis afflicting China and other countries has led to factories shutting down amid power shortages, which means less...
Container rates suppressed, but not depressed Whether freight rates continue to head south or find their way back, investors in container shipping stocks will need to...
Fires at bulk terminals hinder coal shipments Force majeure declarations at Richard's Bay in South Africa and Vanino in Russia come at a time of surging coal...
Don't scapegoat shipping for the world's just-in-time jitters Shipping - which usually moves more than 200m teu from A to B each year - is suddenly in the news because...
Is Maersk lining up a big-ticket logistics purchase? Talk linking Maersk with US logistics group CH Robinson has resurfaced in industry circles, where speculation is rife about what...
The Lloyd's List Podcast: The evolving risk of subterfuge shipping As scrutiny of the subterfuge shipping fleet skirting sanctions to deliver blocked cargoes has intensified, the tactics being deployed by...
Employers to train more Ukrainian cadets The International Maritime Employers' Council is to provide about 80 training berths a year to give cadets greater job opportunities...
US truckers link pay issues to Biden's 24/7 ports plan The difficulties that drayage drivers have in earning a living was shown on October 12 when XPO Logistics agreed to...
Daily Briefing Capesize futures point to impending correction as trading volumes jump | Dry bulk rates handed temporary lift from congestion |...
Cosco Shipping unit makes debut in newbuild market The two vessels are the first order that the Cosco Shipping unit has placed since it was established in 2019...
What can Feds do to aid 24/7 supply chains? As freight congestion weakens transportation links, AskWaves looks at potential federal funding options for supporting a move to 24/7 operations.
US Treasury's latest crackdown on ransomware puts focus on sanctions compliance The US Treasury Department Oct. 15 announced new steps to thwart sanctioned persons and other illicit actors from exploiting virtual currency to facilitate ransomware attacks, as the US continues to step up its efforts to prevent cyber intrusions to critical infrastructure.
OIL FUTURES: Crude extends rise on product demand, tight supply Crude oil futures extended gains in mid-afternoon trade in Asia Oct. 15 as expectations of strong demand due to rising mobility trends and shortfalls in natural gas and coal supplies for power generation continued to boost sentiment.
OIL FUTURES: Brent tests $85/b threshold as demand recovery pressures supply outlooks Crude futures settled at fresh multi-year highs Oct. 15 as a continued recovery in global energy demand added pressure to near-term supply outlooks.
Italy's Eni starts SAF production at Taranto refinery SAF from Taranto is being produced with 0.5% of used cooking oils through 'co-feeding' process for conventional plants. A lower-carbon alternative to conventional jet fuel, Eni's SAF is produced exclusively from waste and residues, in line with the company's decision not to use palm oil from 2023.
Global mobility recovers to fresh post-COVID high despite European woes Global airline capacity recovered further in the week starting Oct. 11, as a wider return to travel supporting passenger numbers in the world's two biggest economies saw capacity move to within 30% below normal pre-COVID levels.
European fuel oil exports to Asia fall to one-year low: Kpler Commodity data company Kpler estimates that 109,000 mt of European fuel oil will arrive in Asia in the week ended Oct. 17, down from the 330,000 mt that arrived the previous week, and the lowest amount since 88,000 mt in the week ended Oct. 11, 2020.
OIL FUTURES: Prices firm amid supply concerns despite production ramp-ups The International Energy Agency raised its global oil demand estimate for 2021 by 170,000 b/d to 96.3 million b/d and for 2022 by 210,000 b/d to 99.6 million b/d in its monthly report on Oct. 14.
Some port operations in Italy disrupted by industrial action Port workers have blocked one of the entrances to the port of Genoa and were holding a demonstration in front of the administrative offices.
Operations disrupted at Russia's Black Sea port of Novorossiisk by storm Loadings of tankers have been suspended, with two crude tankers and one diesel vessel running behind schedule.
AET completes first LNG bunker operation in US The operation is an example of the rapid extension of LNG bunkering facilities in the US allowing LNG supply for trans-Atlantic tanker routes between Europe and the US, AET said.
ARA fuel oil stocks rise 6% on week to 1.107 million mt: Insights Global Low sulfur and very low sulfur fuel oil continued to rise last week, outpacing high sulfur fuel oil.
Americas Aframax freight spikes nearly 68% amid shift in weakening WTI arb environment Market participants have attributed the previously favorable arbitrage and overall increased demand heading into the fourth quarter as a drain on the number of ships positioned in the region.
Port workers in Italy threaten to strike Oct. 15 over COVID-19 passes From Oct. 15, all workers in Italy need to provide proof of vaccination, proof of having recently recovered from COVID-19 or a negative test result in order to be able to work.
Platts to amend volumes for Panama bunkers assessments Platts will change the ex-wharf volume range for all Panamanian assessments of Marine Fuel 0.5%S and IFO 380 to 500-1,000 mt. The current range is 500-1,500 mt for Balboa, Cristobal and the Panama Canal, which reflects the lower of the two ports on occasions when the two diverge.
JAPAN DATA: Aug bonded bunker fuel exports rise 7% on year to 2.9 mil barrels Industry sources attributed the year-on-year rise to the low base in 2020, when the impact of pandemic restrictions restrictions on the economy was significant.
Bunkering resumes at Hong Kong post Cyclone Kompasu Bunker suppliers suspended operations at the ports Oct. 12 when the Hong Kong Weather Observatory released a No. 3 typhoon warning, which is issued when wind speeds reach 41km/h to 62km/h, S&P Global Platts reported previously.
SINGAPORE DATA: Residual stocks rise 4% on week on lower exports The latest rise came with a decline in fuel oil exports.
Singapore Q4 delivered HSFO bunker premiums rise $3-$5/mt from Q3 amid limited availability A Singapore-based trader said shipowners have maintained requirements for delivered HSFO quarterly term contracts because low inventories have led to suppliers turning away demand for spot requirements.
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