Stena RoRo completes Stena Scandica stretch conversion Stena RoRo reports that the RoPax vessel Stena Scandica, the former Stena Lagan, is set to enter service at the beginning July after a conversion at the Sedef Shipyard in Tuzla, Turkey,
NTSB reports on expensive barge strike on bridge fendering The National Transportation Safety Board has published its report on an August 19, 2020, incident in which a loaded Brance Diversified Inc. hopper barge, pushed by a River Ventures LLC towing vessel,
Batteries included: Damen marks a milestone in electric tug project Damen Shipyards Group has reached a major milestone in the construction of its first fully-electric reversed stern drive tug. Named Sparky, the RSD-E Tug 2513 ship handling tug is under construction for
MEPC 76: No moon shots Disappointing those who naively supposed it capable of bolder things, the 76th meeting of IMO'S Marine Environment Protection Committee (MEPC) concluded yesterday after passing a package of measures to cut the carbon
IMO needs to resolve its trust issues The geopolitical fault lines are starting to show as the IMO's climate change debate heads into diplomatic territory that is...
Admiralty Court collision ruling offers 'cautionary tale' for owners and insurers Shipowners and their insurers who choose not to respond to an in rem claim may find themselves bound by the...
Shipping industry left frustrated by MEPC 76 outcome Trade and environment groups were left frustrated at delays over climate rulemaking after the International Maritime Organization's environment talks ended...
The week in charts: China-Australia iron ore trade | Transpacific boxship deployment | Yantian congestion The frosty relationship between China and Australia has already affected trade in commodities such as coal, barley and cotton but...
Greek LNG terminal receives EU state-aid backing The green light for a grant to Gastrade, the terminal company backed by LNG carrier owner GasLog among others, is...
MOL maps out $2bn route to zero-emissions by 2050 Running a giant fleet of 800 vessels, MOL wants to equip its fleet with about 90 LNG-fuelled vessels, excluding LNG...
Secondhand bulker market heats up US-listed Safe Bulkers and Germany's Harren Bulkers are the most recent to announce acquisitions. Braemar ACM expects a heated S&P market...
Premuda enlists CTM to manage 12 bulkers The bulkers to be managed consist of nine handysizes, two panamaxes and a post-panamax, according to the Premuda fleet list
The Lloyd's List Podcast: Shipping has an image problem Shipping's image problem is not a new issue, but the pandemic has exposed the industry's invisible status at a political...
Governments agree to start negotiating mid- and long-term GHG measures Market-based measures, including a proposal for $100 levy on shipping emissions, will be considered for the first time by the...
Daily Briefing Free to read: Blankings rise as Yantian disruption continues | IMO adopts new emissions measures | MEPC adopts 'toothless' Arctic...
US container leasing firm sold to Japanese finance house The merger comes amid a surge in demand for shipping services due to the coronavirus pandemic fuelling stay-at-home consumption, with...
West coast ports feel the heat ahead of China imports surge Nerijus Poskus, vice-president of ocean strategy and carrier development for digital freight forwarder Flexport, estimates the congestion in Yantian will take...
Monsoon delays X-Press Pearl wreck removal Side-scan sonar will be used to locate any lost containers or debris in the anchorage to facilitate the clean-up operations...
SITC earnings boosted by box shipping frenzy Investors were encouraged by the results and pushed the company's share price to new highs
INTERVIEW: Raisi adviser sees quick Iranian oil revival, with warning to western IOCs Iran"s June 18 presidential election will shape the country"s critical oil and gas industry over the next four years.
Brazil's ANP approves Petro Rio's purchase of two Campos Basin blocks Brazil's National Petroleum Agency approved independent producer Petro Rio's $100 million purchase of two blocks in the Campos Basin from BP Energy, clearing the way for the first oil to be pumped from the area in early 2024, according to Petro Rio.
East of Suez ULSD flows to Europe at 1.59 mil mt in June: Platts cFlow Flows of ultra low sulfur diesel to Europe from the East of Suez is set to be about 1.59 million mt in June, with a further 480,000 mt to arrive in July so far, according to cFlow, S&P Global Platts trade-flow software.
Asian sweet crude premiums rise on firm cracks, closed arbitrage window Spot market differentials for August-loading barrels of sweet crude from Asia-Pacific are set to benefit from firm product crack spreads as well as a wide Brent/Dubai spread, which is making rival arbitrage barrels more expensive for Asian refiners.
Libyas NOC, TotalEnergies seeking funds for development of Waha Oil projects Libyas National Oil Corporation and Frances TotalEnergies are working to find finance for the North Gialo and NC-98 oil field projects after development was suspended recently due to a lack of funding, Libyan oil officials said June 18.
SINGAPORE DATA: Middle distillate stocks rise 15% in week to June 16 on tepid demand Singapores commercial middle distillate stocks for the week ended June 16 climbed 15% from a 16-month low on lackluster demand.
Chinas new crop of LNG buyers complicates Qatars long-term sales strategy A new wave of LNG importers borne out of Chinas gas market reforms is the new growth opportunity in Asias LNG market, but their limited procurement capability and prompt demand requirements mean they are active only in the spot market.
OIL FUTURES: Prices climb as US Gulf braces for first tropical cyclone of season Oil futures moved higher June 18 as the US National Hurricane Center issued a tropical storm warning for much of the central Gulf Coast.
REFINERY NEWS: Russia's Antipinsky back in market after works The refinery has not been selling products over the past month due to planned maintenance.
Nature-based carbon credit prices slow to rise despite increased demand **High volumes, older vintages in nature-based credits market tamping down prices **European buyers purchase credits in bulk from Africa, Asia
BUNKERWORLD INDEX: Prices firm but choppy waters ahead from crude, regional markets **Singapore on track to supply 900,000 mt of 3.5%S FO in June **European markets likely to remain well supplied **Tight supply, weak demand seen in Latin America
Japan's MOL targets net zero by 2050, 110 zero-emission ocean liners by 2035 **To introduce 90 LNG-fueled ships by 2030 **To cut GHG emission intensity by 45% by 2035 from 2019
CHINA DATA: May exports of key oil products fall 21% on month to 3.8 mil mt **January-May exports stood at 21.57 mil mt **Remaining exports quota at 7.93 mil mt until new allocation
OIL FUTURES: Crude falls on stronger dollar; Iran election outcome awaited Oil prices were no longer able to resist the selling pressure on the other commodities markets and came under similar pressure.
IMO adopts carbon reduction metrics but defers discussion of carbon levy **$100/mt CO2e levy due for discussion in October **Framework for measuring CO2 emissions from ships agreed
China's initial carbon prices to balance growth needs with long-term climate goals **China ETS to be world's biggest carbon market with 4 bln tons of allowances **Initial carbon price will be low, allowances to tighten in future
SINGAPORE DATA: Residue stocks fall 11% on week amid decline in fuel oil imports **Fuel oil imports fall for first time since May 19 **Fuel oil exports surge 159%
Hong Kong 0.5%S marine fuel rises above S Korea price on strong demand **Lifting of 14 days' quarantine boosts demand in Hong Kong **Korean bunker market weakens on ample supply, weak demand
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