MOL takes stake in world's largest operator of methanol-fueled vessels Methanex Corporation (TSX:MX) (NASDAQ:MEOH) and Japan's Mitsui O.S.K. Lines Ltd. have reached an agreement that will see MOL pay $145 million for a 40% minority interest in Methanex's Waterfront Shipping subsidiary. Vancouver,
Damen wins CSD order from Paraguay Damen Shipyards Group has signed a contract to supply Paraguay's Ingeniería de Topografía y Caminos S.A. (T&C) with a customized CSD 500 cutter suction dredge. T&C will use the dredge to transform
MSC and Shell to cooperate on decarbonization Under a long-term memorandum of understanding, MSC Mediterranean Shipping Company (MSC) and Shell International Petroleum Company Limited (Shell) have agreed to work closely together to help accelerate the decarbonization of global shipping
Two cheers for EC shipping decarbonisation package Regional unilateralism is never the best approach for regulation. But if this battle has to start in Europe, so be...
The Lloyd's List Podcast: Shipping's coalition of the willing Our sustainability editor Anastassios Adamopoulos caught up with Johannah Christensen, the new chief executive of the Global Maritime Forum this...
Wallenius Marine newbuildings discounted 10% on 'sustainable' design Newbuilding order comes as short-term charter rates for 6,500 ceu ships gain $10,000 per day in six months
Nautilus threatens industrial action at P&O Ferries Officers' union threatens industrial action after P&O Ferries reopened a route using agency staff on lower pay and longer hours...
Diana buys first bulker for four years Dry bulk carrier owner Diana Shipping has historically been a buyer during downturns rather than when the market is strong
What we learned from the EU emissions salvo Shipping and its emissions will become much more expensive as the EU takes control of emissions policy for the industry...
Five factors shaping the future of shipping innovation The Lloyd's List 'How to Innovate in Shipping' webinar looked at how smart ideas and smart money can help shipping...
South Africa disruption continues to affect box shipping Carrier offices and depots remain closed. Hapag-Lloyd has joined Maersk in not charging detention fees while ports closed
MSC and Shell to collaborate on decarbonisation MSC believes efforts to get to net-zero emissions will require a variety of options. Shipping will need to partner with...
Ever Given further delayed by weather routing Cargo interests will have to wait until the end of the month before Ever Given finally reaches northern Europe. The...
Chinese crew leave bulker after 14 months The local government in China's Zhenjiang city has greenlighted the changeover for the crew members, who were petitioning for the...
Asian sea robberies down 35% The anti-piracy body raises alarm over the situation in the Singapore Strait. Incidents are likely to continue to occur there...
Daily Briefing Free to read: Greek owners question EC emissions proposals but welcome charterer focus | Maersk backs EU's green quotas as right...
MOL expands methanol footprint with stake in Waterfront Shipping MOL says its partnership intends to advance the commercialisation of methanol, including renewable methanol, as a viable marine fuel
Cosco orders 10 mega boxships in $1.5bn spree Cosco Shipping Holdings says the orders will enable the company to 'maintain its first-tier position in the industry' and support...
A cruel summer for shipping stocks as tide turns Despite epic container rates and hefty dry bulk profits, stocks fell by double digits over the past three weeks.
President of Panama lauds nations' ties in visit to Port Houston The president of Panama, Laurentino Cortizo Cohen, visited Port Houston Thursday to celebrate five years since his country completed the expansion of the Panama Canal.
US DOT approves emergency cargo flights to Cuba The Cuban government blames the U.S. economic embargo for its woes. The situation has worsened and authorities are allowing some cargo airlines to make flights...
Shipper to Congress: Inflation 'rampant' through supply chain Supply chain bottlenecks are raising red flags for inflation down the road.
Full steam ahead: Why container ships are racing across the Pacific Container ships in the congestion-plagued trans-Pacific trade have stepped on the gas, with some vessels now topping 20 knots.
CONTAINER PREMIUMS: Midmonth premium increases bring trans-Pacific all-inclusive spot market to fresh highs Ocean carriers took a raft of freight all-kind (FAK) and premium service increases on July 15, which pushed all-inclusive freight rates to new highs as shippers continued to compete for heavily constrained equipment and space.
OIL FUTURES: Crude prices make small gains after rough week for oil, products Crude oil futures managed to finish a rough week by making small gains July 16 following a rollercoaster day that saw prices go up, down and ultimately up again.
Argentina oil, gas producers look to expand processing, transport capacity Argentina's oil and natural gas producers are taking steps to expand processing and transport capacity with the view to increasing exports, as investment conditions look poised to improve with new legislation, oil executives said July 14.
Mexico intensifies fight against illegal fuel imports The Mexican government is stepping up its efforts to combat fuel contraband as volumes of illegal fuel rise to unprecedented levels, hurting tax revenues and biting at Pemex's market share.
International Seaways, Diamond S Shipping merge to form tanker giant **Merger forms second-largest US-listed tanker company by vessel count **Firming bunker prices stifle margins
ARA fuel oil stocks down 2.3% on week at 1.207 million mt: Insights Global Traders reported good volumes in the Mediterranean 0.5% sulfur marine fuel market, as weakened freight rates meant that arbitrage deliveries to Singapore were less possible.
Med gasoline flips to premium versus NWE amid diverging fundamentals **Med gasoline prices rise to premium versus NWE **Lackluster NWE gasoline exports to US in H1 July
OIL FUTURES: Crude steady amid uncertainty over demand, OPEC+ output Prices have fallen overall in the week to July 16, driven by expectation of an agreement between Saudi Arabia and the UAE on production levels.
BUNKERWORLD INDEX: OPEC concerns outweigh bullish signals in bunker markets **Tighter VLSFO supply at Singapore **Bad weather in Med to hamper HSFO availability **Panama market cools down after recent price rises
HONG KONG DATA: May fuel oil imports down 29% on year at 3.8 mil barrels, up 96% on month **January-May imports fall 21% to 15.9 million barrels **Pandemic quarantine rules cut bunker demand
SINGAPORE DATA: Residue stocks rise 1.17% on week as fuel oil exports fall 23% **Fuel oil exports fall as volumes to South Asia, North Asia, Philippines plunge **Fuel oil imports fall as volumes from Europe, Russia, Africa decline to zero
China launches national carbon market; first CO2 trades at $8.20/mt **China rolls out nationwide carbon trading for power sector **Carbon price may make some coal plants uneconomic: Platts Analytics
Singapore-delivered marine fuel 0.5%S premiums at 3-month high on tight supply, demand uptick Traders have attributed the firming valuations to an uptick in demand in the recent past, while on the supply side, expectations are for the market to increasingly feel the pinch from tightening availability.
Hong Kong yet to see full recovery in bunker demand after lifting quarantine rule **China's competitive prices take away demand from Hong Kong **Bunker-only calls not favorable amid high freight rates
Japan's MOL partners with Methanex for advancing methanol as a marine fuel **MOL to acquire 40% stake in Waterfront Shipping **Decarbonization goals in focus for shipping
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