Stalking horse bidder named in Bouchard bankruptcy case According to a filing in the U.S. Bankruptcy Court for the Southern District of Texas, Hartree Partners LP has been selected as the stalking horse bidder in the Bouchard Transportation Company Inc.
Manslaughter charges in deadly duck boat sinking Missouri has brought state charges of involuntary manslaughter against three men in relation to the 2018 sinking of a duck boat in Branson, Mo., in which 17 people lost their lives. The
CCS classes ultra energy efficient VLCC The 307,000 DWT CS Hunan Venture was recently delivered by China's Dalian Shipbuilding Industry Group (DSIC). Built to China Classification Society (CCS) class, it is owned by China Shipbuilding Consulting Company and
New grain terminal opens on "Ag Coast of America" The St. Louis region's claim to be the most efficient inland port in the United States has been strengthened with the recent addition of a new Mississippi River grain handling terminal in
Appeals court blocks ruling that would have lifted CDC rules for Florida cruises As cruises from U.S. ports slowly resume, cruise lines have to negotiate a tricky path between Centers for Disease Control and Prevention (CDC) restrictions and "no vaccine passport" laws imposed by some
Seaways and Diamond S complete merger New York City headquartered International Seaways Inc. (NYSE: INSW), already one of the world's largest tanker operators, just got even larger. On Friday, it reported the completion of its previously announced merger
Scrap rates hit $600 per tonne Scrapping rates passed $600 per tonne last week as scarce tonnage and rising local steel plate prices drive a surge...
Grimaldi closes Armas Trasmediterránea acquisition In its latest acquisition of a regional transport company, Grimaldi will gain another five ships. Staff will be transferred to...
Opec and Iran fuel tanker market volatility Tanker markets remain in flux amid a series of conflicting signals on oil production output, Iran sanctions and uncertainty over...
Rotterdam seeks collaboration to ease supply chain disruption Big ships mean the peaks and troughs of congestion will be a permanent feature of container shipping. But better coordination...
Abandoned boxship master appeals for support The crew have been left without money, proper food, potable water with periodic power supplies, says Human Rights at Sea...
EU climate proposals boost LNG role in maritime, says group SEA-LNG has praised the European Commission for recognising the potential role of LNG in Europe's energy transition through its recent...
Handysize owner Taylor Maritime to raise $75m to expand fleet Second issuing coincides with rates for the smaller bulk carrier sector soaring to the highest since September 2008
International Seaways ties up merger with Diamond S New York-based owner now 'ideally positioned' to take advantage of any recovery in crude and product tanker markets
Boxship sales hit $1bn in June Of the 47 containerships sold in June, 29 were feedermax size, according to Piraeus shipbroker Golden Destiny
Purus Marine eyes 100-vessel fleet after SOV purchase The maritime holding company focusing on assets with a better environmental performance has recently bought a large offshore wind service...
Japanese study eyes recycled methane as 'zero-emission' fuel The group will continue to work on subjects such as CO2 transportation by large-scale liquefied tankers, production of hydrogen from...
Daily Briefing Two cheers for EC shipping decarbonisation package | What we learned from the EU emissions salvo | The Lloyd's List...
West coast ports disrupted as rail line suspends service 'This will cause rail cargo to only continue to back up on marine terminals creating additional congestion and exacerbating dwell...
Divisions over EU plan to transform shipping The EU Emissions Trading System and what it means for shipping, why shipowners are divided over the merits, and what...
China Merchants sells bulkers to boxship owners Chinese company says the sale is part of its plan to retire non eco-designed tonnage given the impending stricter emission...
DHL to swarm Europe with 4,000 cargo drones The Black Swan drones from Dronamics won't be carrying little packages to someone's doorsteps. They're heavy-lift vehicles and DHL wants to flood Europe's skies with...
Cargo jet does face-plant after mangled maintenance check A British Airways plane fell on its face at Heathrow Airport. One ground engineer was too short to reach the landing gear housing, and his...
FreightWaves Flashback: Castro and Nixon have 1 thing in common 1974: They may be the last hurdles in the way of renewed trade between the United States and Cuba. An embargo failed to work and...
FAA shuts down Hawaii cargo operator Transair The Federal Aviation Administration puts Transair on freeze because of safety concerns.
SAUDI DATA: Crude exports rise in May with partial relaxing of production cut: JODI Saudi Arabia's exports of crude in May rebounded from April's 10-month low, figures from the Joint Organizations Data Initiative showed, as the kingdom began to gradually unwind a voluntary extra 1 million b/d production cut with global oil demand perking up.
AMERICAS BUNKERS: Key market indicators July 19-23 The decline seen at the start of this week in global oil prices will likely guide bunker markets in the Americas after days of uncertainty and mixed behavior in most regions, where local fundamentals prevailed over international influences.
FACTBOX: German floods add to problems for commodities in region Catastrophic flooding in Germany, Belgium and the Netherlands over the last week has caused transport and production disruption in the Rhine valley, a major shipping route for commodities in Northern Europe.
Q2 oil earnings calls to focus on 2021 output, shaky demand recovery Upcoming second-quarter 2021 earnings calls will likely reflect some optimism from the oil industry because of higher crude prices, although executives will also likely remain cautious for the rest this year from potential demand roadblocks considering the rapidly spreading COVID-19 delta variant.
OIL FUTURES: OPEC+ deal, pandemic fears send crude plunging to two-month lows The combination of the OPEC+ deal to hike production volumes this year and throughout 2022 combined with rising COVID-19 fears and a Wall Street selloff to send crude prices plunging to their lowest levels since May.
CAPITOL CRUDE PODCAST: Energy convergence breaks down silos as industry confronts climate change The so-called energy convergence is the idea that companies, policy makers and regulators need to be more collaborative across the energy spectrum.
Lukoil sees OPEC+ agreement continuing beyond 2022 Fedun said he did not see climate change policies as a risk to Lukoil's activities, but they are likely to lead to an increase in OPEC's share of the global oil market.
Iran gears up to use new oil exports terminal The new terminal, whose construction took six years, walks around the chock point of Strait of Hormuz. Iran's main exports terminal is on the Kharg island in the Persian Gulf.
Port operations in South Africa begin to recover following unrest **Logistical complications continue **Bunkering has continued throughout the situation
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators 0.5% bunker demand has been slow in European markets on the week ending July 16, with one trader attributing this to the "summer slump". Availability has been good across all ports.
OIL FUTURES: Crude slides as OPEC+ agrees deal OPEC and its allies reached a deal July 18 to ease production cuts by 400,000 b/d each month starting in August, amounting to a 2 million b/d total increase by the end of the year.
China's top economic planner to support overseas green bonds to meet decarbonization goals The move highlights China's strategy to tap into global capital markets to facilitate its green technology and infrastructure development, as well as support its transition to a low-carbon economy.
CHINA DATA: Spike in June oil product outflow squeezes export quota availability **Only 3.21 million mt quota available for July onward **Refiners hike June gasoil exports to trim surplus
VIETNAM DATA: June oil product imports fall 51% on year to 540,026 mt Imports of fuel oil and jet fuel fell in the six-month period, while imports of diesel surged.
OPEC+ green lights deal to hike oil output in Saudi-UAE compromise **Saudi Arabia, Russia, UAE, Iraq, Kuwait baselines raised from May 2022 **OPEC+ supply management pact extended until end-2022
Asia residual fuels: Key market indicators for July 19-23 In Asia, rising demand for fuel oil from Pakistan in August and September has seen higher premiums for spot HSFO cargoes loading over late-July, which are typically used for blending.
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