INTERTANKO backs net zero by 2050 The Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed that international shipping should strive to achieve net zero CO2 emissions by 2050. This is in line
Offshore: Vineyard Wind 1 construction kicks off A groundbreaking ceremony was held today to mark the start of construction of Vineyard Wind 1, the first large-scale offshore wind farm in the U.S. The project will be 25 times the
VIDEO: Zero-emission, zero-crew box ship makes first trip The world's first all-electric autonomous containership, Yara Birkeland has completed its maiden voyage in the Oslo Fjord. The 120 TEU vessel will be used by Norwegian fertilizer giant Yara to transport mineral
White House puts container shipping alliances in its crosshairs In its latest briefing on the port congestion issue and its impact on the supply chain, the White House notes good progress in shifting import cargoes through the ports of Los Angeles
Fast Food & Mental Health By Emily Reiblein, Crowley Transportation workers push long hours, slipping in snacks and meals whenever an opportune moment arises. Grabbing a quick bite of fast food can seem like a good option,
Great Lakes Towing extends services to Sturgeon Bay Following a fleet renewal program that has increased the size of its fleet, the Great Lakes Towing Company is expanding its harbor towing and ice breaking services to Sturgeon Bay, Wisconsin. The
Two years into our brave new Covid-19 world, let's hear it for shipping No one would describe the last two years as getting off lightly. But the ingenuity of humanity - aided in...
CMA CGM revenues double on higher freight earnings CMA CGM expects the market to remain strong during the fourth quarter of the year. It has boosted its spending...
Caution over China's privacy law leads to AIS data outage The continued Automatic Identification System data gap could cause headaches and dangers for foreign companies trying to monitor their fleet...
Standard Club strengthens Asia presence amid rising claims costs Now more than ever, Asian shipowners expect their clubs to have a strong regional presence capable of servicing them in...
Will supply and demand fundamentals stem billions of dollars in losses for the tanker sector? After losing bigtime in a depressed market this year, the global fleet of some 15,000 tankers trading internationally is looking...
UK's first new freeports 'open for business' Thames Freeport says a new range of financial incentives for businesses, including 'being part of a customs zone, which will...
Höegh LNG has 100% contract coverage amid refinancings While the liquefied natural gas market continues to perform well, earnings before interest, tax, depreciation and amortisation in the fourth...
The Lloyd's List Podcast: Freight futures are having a moment. Here's why The industry has been missing a comprehensive and easy-to-understand overview of the dry bulk FFA, but no more! John Banaszkiewicz, one...
Top 10 in marine insurance 2021 Non-Britons take the top three slots in this year's rundown, reflecting the rise of the Nordic and Chinese and the...
Port of Vancouver rail service could resume next week as backlog hits supply chain CP and CN rail service at the Port of Vancouver could resume next week as mounting congestion and backlogs continue after devastating floods and landslides.
Ocean carrier CMA CGM orders A350 cargo jets from Airbus Airbus lands a diversified shipping and logistics company as the second customer for its new large freighter.
FedEx shutters Hong Kong pilot base over COVID restrictions Hong Kong's strict COVID policies have had economic consequences, especially for its aviation industry.
OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar Crude oil futures moved sharply lower Nov. 19 as the market weighed the impacts of new pandemic lockdowns in Europe and a stronger US dollar.
ICE low sulfur gasoil spreads collapse amid Covid-19 concerns ICE LSGO futures contracts slumped on the day with the demand outlook for diesel more bearish on the reintroduction of coronavirus restrictions in some European countries.
SINGAPORE DATA: Middle distillate stocks hover near three-year low Singapore middle distillate stockpiles hovered at a near three-year low of 9.16 million barrels over Nov. 11-17 amid regional demand recovery and favorable arbitrage economics.
Crude, marine fuel markets impacted as floods cut off links to Vancouver Canadian Pacific Railway estimated on Nov. 19 that is would restore service on its rail link between Vancouver and the interior of British Columbia around the middle of next week, four days after floods and landslides cut off the port city from the rest of Canada.
Singapore marine fuel 0.5%S cash differential surges to 21-month high The cash differential for Singapore marine fuel 0.5%S cargoes surged to a 21-month high of $9.14/mt on Nov. 18, from $7.50/mt Nov. 17, Platts data showed, in anticipation of tighter supply.
BUNKERWORLD INDEX: Prices fall on residual stock drop, flooding in Vancouver Bunker prices dropped on the week to Nov. 18 on the back of weakened crude prices, a drop in residual fuel stocks in Singapore, and severe flooding in Vancouver, which has raised concerns about regional supply lines.
Severe weather expectations hit North Asian bunker demand Strong winds around Japan and high waves in South Korean waters are likely to hurt bunker demand, as buyers defer bunker inquiries and suppliers postpone existing nominations to the following week, traders said Nov. 19.
ARA fuel oil stocks up 8.6% on week: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region, as measured by Insights Global, were up 8.6% to 1.157 million mt in the seven days to Nov. 18, a second rise in a row.
SINGAPORE DATA: Residue stocks dip 2% on week as exports, bunker demand rise The volume of prompt inquiries for Singapore-delivered marine fuel 0.5%S remained robust in the week, lifting bunker premiums, traders said.
Petrobras to halt bunker supply in Bahia when RLAM refinery transfers to new owner The RLAM sale "is positive, at least for the bunker market," a market source said.
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