Massachusetts awards offshore wind power purchase agreement Mayflower Wind, a 50/50 joint venture (50:50) between Shell New Energies and Ocean Winds, reports that it has been awarded a 400 MW power purchase agreement (PPA) by the Commonwealth of Massachusetts
Carnival: $2 billion loss, but cash-positive operations The world's largest cruise ship operator, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) released a fourth quarter 2021 business update that included an adjusted net loss of $2 billion. Still, the
NTSB reports on 2020 Jacksonville car carrier fire The cause of fire that broke out aboard the vehicle carrier Höegh Xiamen at the Blount Island Horizon Terminal, Jacksonville, Fla., has been determined, according to the National Transportation Safety Board. An
Shipyard solicitation out for new river container vessels Plans for a new all-water container-on-vessel (COV) trade lane between the Port of Plaquemines on the Lower Mississippi and the Midwest are picking up pace. Hawtex Development Corporation has signed on as
Austal USA places San Diego dry dock order Austal USA reports that, immediately after finalizing its deal on a new repair facility in the Port of San Diego, it placed an order for a floating dry dock. The new floating
Ecochlor filterless BWMS gains USCG Type Approval North Haven, Conn.-headquartered Ecochlor, Inc. reports that its filterless EcoOne and EcoOne Hybrid ballast water management systems (BWMS) have received U.S. Coast Guard (USCG) Type Approval. The EcoOne BWMS has been tested
MSC makes $6.4bn offer for Bolloré Africa Logistics Until now, MSC has focused on organic growth and mostly steered clear of acquisitions, but the race to build up...
China ore and coal demand slump finished as rebound seen for 2022 king materials to rise in 2022 and 2023 after contracting this year, Australia's Resources and Energy forecasts
Poseidon banks reject emissions snapshot Banks have complained after the Poseidon Principles' latest report showed just 11 out of 23 shipping portfolios were on track...
US urges lines to improve services for agricultural exports The suspension of service by ocean carriers at the port of Oakland earlier this year has required agricultural exporters to...
MSI bearish on dry bulk outlook Maritime Strategies International is negative on earnings next year given that there is a front-loaded orderbook. What is more, weakness...
Daily Briefing Why shipping is about to get bigger, less opaque and more expensive | 10 predictions for 2022 | Shipping can...
Severe floods disrupt services at Port Klang Vessel berthing is expected to be delayed as the bad weather has led to a long queue of ships at...
UK's underinsured ports are 'highly exposed to catastrophe liability event' Changes in the liability landscape mean the third-party liability cover held by most ports is woefully insufficient to cover the...
Philippines aims to remain world's number one supplier of seafarers Filipinos are renowned for putting their family's welfare above their personal interests. It is unsurprising to learn that the country's...
CSSC unveils $1.8bn orders for ships and equipment The highlight of a bumper round of orders sees China Merchants Energy Shipping agree in principle that Dalian Shipbuilding Industry...
Shipping giant MSC offers to buy Africa unit of Bolloré Logistics The latest example of an ocean carrier expanding into the logistics space involves MSC trying to buy a piece of Bolloré Logistics.
Korean Air develops drone swarm technology to inspect aircraft Don't be afraid of the drone swarm. It's just Korean Air's approach to using several drones at once to visually inspect its aircraft.
Minerva announces new bunker supply operation in Argentina Service will provide deliveries of marine fuel 0.5%S, low sulfur marine gasoil in Buenos Aires, surrounding ports.
Crude, products slump on omicron lockdowns Prompt futures settle in contango for first time since April.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators for Dec 20-24 In bunker markets, demand for 0.5%S has been down on the week. While availability is good at most ports, there is some tightness on 0.5%S in Rotterdam.
Half of Poseidon Principles' signatories in line with IMO climate goals The report shows that while progress has been made more is required to meet the existing climate targets of the International Maritime Organization, goals which many in the industry say need to be made stricter still.
OMV to scale up waste-to-crude demo recycling plant at Schwechat refinery The current pilot plant at Schwechat can produce up to 100 liters of synthetic crude per hour from 100 kilograms of waste plastic.
EMEA MIDDLE DISTILLATES: Key market indicators for Dec 20-24 A source said market backwardation was causing end-users to run down their diesel stocks.
Year-end publishing schedule for Platts Shipping Platts will close its EMEA and East of Suez shipping assessment processes early ahead of the holidays as follows:
ICE LSGO futures net speculative length up 4,971 contracts on week Open interest in the futures was down 14,885 contracts over the reporting week to 640,218 contracts.
Malaysia Airlines completes first flight with sustainable aviation fuel Neste said its SAF was produced from sustainably-sourced 100% renewable waste and residue raw materials such as used cooking oil and animal fat waste.
Dubai International Airport hits 100% operational capacity, set to return to pre-pandemic levels Traffic at DXB, which reached 10.6 million passengers in the first half of 2021, is expected to hit 28.9 million by the end of the year, 2.1 million more than the September 2021 forecast.
CHINA DATA: National carbon market price rises 9.3% on week to Dec 17 The daily trade volume hit record high on Dec. 16 and reached 20.48 million mtCO2e, showing strong growths.
FRANCE DATA: November road fuel consumption up almost 40% on year: UFIP Diesel deliveries in November were up 31% year on year, while gasoline consumption surged 80%.
Saudi Aramco accepts Jan-loading term LPG nominations without cuts, delays Tepid Asian demand for LPG was heard as downstream margins from petrochemical makers had narrowed.
OIL FUTURES: Crude slumps as fresh lockdowns loom in Europe Over the weekend, the Netherlands announced that the country would enter a lockdown on Dec. 19, with all non-essential services ordered to close until Jan. 14. Denmark and Ireland have also imposed new restrictions over the weekend, while other European countries were considering additional curbs.
Panama's November bunker sales highest since January 2020 Total bunker sales, which included 0.5%S fuel, marine gasoil and high sulfur IFO 380 bunker fuel, reached 465,380 mt last month, its highest since 477,339 mt in January 2020.
Asia residual fuels: Key market indicators for Dec 20-24 The supply situation of high sulfur fuel oil in North Asia is contrasted by the tighter situation in China, due to fewer imported cargoes, and easing tightness in Japan, where bad weather has limited demand and lifted pressure on supply.
CHINA DATA: Nov oil product exports at 2.35 mil mt, higher than expected China imported 1.67 million mt of gasoline and gasoil, which were stored in bonded storage in 2020, compared with 1.49 million mt in 2019 and 974,000 mt in 2018, the GAC data showed.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
