ABS evaluates the latest marine battery technologies Batteries are playing an increasingly important role in decarbonizing the maritime industry. Currently lithium-ion are the most prominent technology. but they have their limitations and some promising new alternatives in marine batteries
GoM oil and gas lease sale generates $191.6 million in high bids The Biden administration today complied with a court order and held a Gulf of Mexico oil and gas lease sale it had tried to cancel. According to the Bureau of Ocean Energy
Wärtsilä set to offer future-fuels conversions for existing two-strokes If shipping is to achieve the kinds of getting-to-zero targets being talked about at COP26, converting existing ships to burn new green fuels will be essential. And the sooner those conversions can
NTSB reports on $500,000 barge contact with Barataria Bridge The National Transportation Safety Board (NTSB) has completed its investigation of a November 22, 2020, accident involving barges towed by the Trent Joseph and George C and the Barataria Bridge near Barataria,
Diana to pay first dividend since 2008 Greek owner says dry bulk markets will allow sustainable dividend over a reasonable period of time
Cost to fully decarbonise shipping close to price of meeting IMO target - UMAS Modelling by University Maritime Advisory Services shows an average carbon price of $191 a tonne is needed to reach zero...
Zim lifts guidance again after record third quarter Zim says its flexible fleet approach is continuing to pay dividends, even as it makes opportunistic acquisitions. It is now...
Fast-ship service waiting in the wings amid e-commerce boom Toll managing director Thomas Knudsen said the company would be interested to engage if the fast-ship products were brought to...
Benefits of terminal automation questioned Automation of box facilities is seen as a means to improve efficiency and throughput. But the high costs are often...
Star Bulk posts record profit and declares bumper dividend Buoyant market for bulkers this year is bringing ever greater payouts for shareholders in Star Bulk
Weekly Briefing: Containers' Catch-22 | Tankers back from the dead | Dry bulk slowdown For the carriers, resolving the Catch-22 requires investment in people and infrastructure, but even when volumes do start to flow...
Strike and delay cover gets more expensive at Standard Largest provider announces big jump in premiums, adding to cost of insurance for shipowners facing double-digit P&I price hikes
US infrastructure bill delivers 'historic' funding, but more needed Port of Los Angeles executive director makes plea for more federal funding for the San Pedro Bay ports
Top 10 technology leaders 2021 Maritime technology leaders range from a 40-year veteran who continues to think with a start-up mentality, to established entrepreneurs rebuilding...
Daily Briefing Cameroon flag registry in fresh links to Iran oil trading | Singapore extends programme to vaccinate foreign seafarers | Rising...
California lawmakers seek supply chain 'state of emergency' Eight California Republicans are calling on Gov. Gavin Newsom to suspend or eliminate regulations and declare a state of emergency to address the supply chain...
Atlas Air finalizes integration of Southern to boost efficiency It has taken Atlas Air's parent company five years to complete the integration of Southern Air. The transition is now complete.
Emirates invests in converted and new 777 freighters Cargo airlines and leasing companies are sucking up small and midsize freighters converted from passenger configuration. Here come the big boys.
How to make a billion when your ships are stuck at anchor Zim's profits are still going up - way up - despite more vessels getting snared in West Coast port gridlock.
Canadian wheat, oil prices steady despite weather-driven rail, pipeline disruptions Western Canadian wheat and crude prices remained steady Nov. 17 even as widespread flooding and debris flows in British Colombia shut down major rail and pipeline services into the province.
IMO's upcoming environmental committee may raise emissions targets for shipping The International Maritime Organization may raise its targeted 50% cut in greenhouse gas emissions to 100% at the group's Marine Environmental Protection Committee meeting Nov. 22-26, according to sources.
Brazil's Petrobras grants PetroReconcavo access to gas infrastructure Brazilian state-led Petrobras agreed to open access to natural gas pipelines and processing facilities to small onshore producer PetroReconcavo in the latest advance toward opening up the gas market in the country.
OIL FUTURES: Crude slides 3% as market shrugs off US crude draw, eyes rising near-term supply Crude oil futures moved lower Nov. 17 as the market shrugged off a US inventory draw amid a focus on rising near-term supply.
Vancouver marine fuel market bracing for supply impacts following severe weather The Vancouver spot marine fuel bunkers market was bracing for logistical and supply impacts following severe weather in the region Nov. 17, as rail and pipeline closures were heard impacting port operations while spot values showed some resistance to pressure from an overall weaker crude complex.
FUJAIRAH DATA: Oil product stocks rise above 20 million barrels for first time since July Inventories of heavy distillates, which also include marine fuels, rose 3.6% to 10.88 million barrels for the week, with traders citing some tightness in barge and cargo availability, as well as waning demand due to rising outright prices.
JAPAN DATA: Nov 7-13 oil products output falls 10% on week Low sulfur fuel oil output surged 57.5% week on week to 0.56 million barrels in the week to Nov. 13, while high sulfur fuel oil production plunged 30.3% over the same period to 0.90 million barrels.
JAPAN DATA: Nov 7-13 oil product exports drop 20% to 2.54 million barrels HSFO imports came in at 427,965 barrels over Nov. 7-13 after no record of the fuel oil imports in the previous week. No LSFO imports were recorded in the week to Nov. 13 after having imported 28,242 barrels in the previous week.
ANALYSIS: COP26 offers small wins on coal, carbon trading but misses 1.5 degree target Matthew Boyle, manager of Global Coal and Asia Power Analytics at Platts, said the implementation of a phase down of unabated coal power and inefficient fossil fuel subsidies allows both countries to maintain their current electricity plans.
Lower western cargo inflow to support Singapore VLSFO market in Dec: sources Market sources said Singapore is likely to see about 1.5 million-2 million mt of arbitrage inflow in December, down from 2.5 million-3 million mt expected to arrive in November.
South Korea to commercialize ammonia-fueled power generation by 2030 Under the government initiative, state-run power monopoly of Korea Electric Power Corp., its electricity generating units, a state think tank as well as private utilities, have launched a task force team to use ammonia as fuel for power generation, according to an official at the Ministry of Trade, Industry and Energy.
OIL FUTURES: Crude falls on easing supply concerns Media reports of the US requesting China to release its oil reserves to help stabilize strong crude oil price has bolstered expectations of an increase in supply.
Russia's Lukoil plans to increase liquids output to 1.67 mil b/d in 2022: CEO Lukoil's budget for next year sees oil at $60/b with "fluctuations expected both upwards and downwards".
JAPAN DATA: Sep bonded bunker sales fall 6% on month to 4-month low September sales volumes slid and stayed subdued due to Typhoon Chanthu, a bunker supplier said.
Japan delivered marine fuel 0.5% premium nears 20-month high amid tight availability Market participants have mostly ceased accepting fresh spot nominations, rather preferring to channel their efforts to supply term ones.
South Korea's SK Energy raises crude runs in Q4 after Jan-Sep oil product output falls 21% "Output of refined products is expected to rebound in the fourth quarter as we have recently raised crude run rates in response to higher cracking margins," the official said.
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