Shaped charges approved for use in Golden Ray cutting operations In a new development, explosives-in the form of low hazard flexible linear-shaped charges (LH FLSC)-are set to be used in the dismantling of the wreck of the capsized car carrier Golden Ray.
NTSB reports on multiple barge breakaway that closed I-10 bridge The National Transportation Safety Board (NTSB) has issued its report on the September 19, 2019, incident in which 11 barges broke free from a San Jacinto River barge fleeting area near the
Austal USA wins Light Amphibious Warfare vessel concept design contract Austal Limited (ASX: ASB) reports that Austal USA has been awarded a concept studies and preliminary design contract by the United States Navy (USN) for the Light Amphibious Warship (LAW) program. Austal
Ever Given could soon be free to sail It looks like Ever Given, the giant containership that got wedged across the Suez Canal, may soon be free to leave the Great Bitter Lake, where it has languished since April after
MPC Container Ships in $210 million acquisition of Songa Container In a deal that puts together two Oslo, Norway, headquartered containership operators, MPC Container Ships ASA has agreed to acquire Arne Blystad led Songa Container AS for an aggregate purchase price of
Fairbanks Morse to provide main propulsion engines for fourth OPC Beloit, Wis., headquartered Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management,reports that its Fairbanks Morse Engine (FME) division has been awarded a contract by Eastern Shipbuilding Group (ESG) to
Ports Focus More on Going Green Than Ever By Jim Romeo The Port of Corpus Christi in Texas has been in existence for nearly 100 years and is the third largest port in the U.S. Recently, it has partnered with
Change of command at Great Lakes and Ohio USACE division Col. Kimberly A. Peeples took command of the Great Lakes and Ohio River Division of the U.S. Army Corps of Engineers during a June 11 ceremony in Cincinnati presided over by Lt.
MSC puts weight behind decarbonisation R&D fund Efficiency measures are necessary for now, but the real effort should be on research into carbon-neutral fuels. The IMO's proposed...
Weekly Briefing: More container congestion | Active dry bulk market | How low can tankers go? Yantian container terminal may have reopened to its full capacity but there's still plenty of ports congestion in the system...
Why technology training is best preparation for digital shipping There are two schools of thought: one suggests technology aids mariners, the other argues that mariners aid technology. Best performance...
Fight for volume allocation threatens higher contract rates next year With the supply chain working beyond its design capacity already, any disruption could cause yet more congestion and delays. This...
Buoyant liner business propels Inchcape Inchcape's focus is on nurturing long-term relationships with principals based on first-class communication
Yantian to focus on logjam as it resumes full operations While the news will bring some relief to the already stretched global supply chain, the ripple effect of the port...
Deal reached on Ever Given, says UK P&I Club The UK P&I Club says it has reached an agreement in principle which will lead to the release of Ever...
Spate of bulker orders could derail hot market trend Close to 21m dwt of new orders have been placed in 2021 and despite uncertainties, enthusiasm for new tonnage is...
Daily Briefing Free to read: Hot shipping markets could pull banks back in | GoodBulk's Radziwill says slow steaming should be mandatory...
MPC Container acquires Songa for $210m 'This transaction is backed by our strong belief in the sustainable container market fundamentals and the desire to take advantage...
Dwell times 'slightly up' at Southern California ports The report followed an earlier warning about the future impact of California's energy policies on ports' ability to handle cargo
More container ships score 'astronomical' $100,000/day rates There has never been a better time to own container ships and lease them to liners. But some owners are selling ships and cashing out.
Dredging project temporarily slows vessel activity at Port of Savannah Normally big projects are scheduled during slow periods, but the Port of Savannah can't wait to deepen its berths so there will be extra cargo...
Port Houston volume jumps 30% year-over-year in May "The demand is still here, the demand is growing, ships are getting bigger," says Port Houston Executive Director Roger Guenther.
Ever Given could resume voyage 3 months after Suez Canal grounding An agreement reportedly has been reached that will allow the Ever Given to finally resume the voyage halted when the container ship became wedged between...
May biodiesel output rises on year despite reduced blending Brazilian biodiesel producers continued to push output higher year on year in May, but issues surrounding raw materials and high prices that forced a reduction in the volume of biodiesel blended with diesel sold at the pump caused a downturn from April, according to data published June 23 by the National Petroleum Agency, or ANP.
OIL FUTURES: NYMEX RBOB hits three-year high after surprise US gasoline draw NYMEX RBOB futures climbed 2% to their highest front-month settle since May 2018 on the heels of an unexpected draw in US gasoline stocks.
US LNG feedgas demand rebounds above 11 Bcf/d amid strong end-user prices US LNG feedgas demand hit its highest level in more than three weeks June 23 as deliveries to Cheniere Energy's Sabine Pass terminal rebounded, and maintenance appeared to have wrapped up at Sempra Energy's Cameron LNG facility, S&P Global Platts Analytics data showed.
Japan's ENEOS raises wholesale oil product prices by Yen 1,000/kl: sources ENEOS, Japan's largest refiner, raised the domestic wholesale base prices of its five major rack oil products by Yen 1,000/kiloliter ($1.44/b), marking a fourth consecutive increase, market sources told S&P Global Platts June 23.
India's auto LPG sales fall 52% on month in May amid pandemic: IAC India's auto LPG sales fell over 52% on the month to 12,243 mt in May, a source with access to data from the Indian Auto LPG Coalition, or IAC, told S&P Global Platts. The fall in sales came amid limited use of vehicles nationwide due COVID-19-related lockdowns and restrictions, the source added.
EC to create cybersecurity unit to counter large-scale attacks The European Commission on June 23 said it would create a new cybersecurity unit to counter the "rising number" of serious cyberattacks that impact public services.
US DATA: EIA says total US ULSD production strengthens to over 10-month high Ultra low sulfur diesel production for all of the US strengthened for the fifth consecutive week to reach an over 10-month high, rising 2,000 b/d to 4.85 million b/d during the week ended June 18, Energy Information Administration data showed June 23.
Singapore July-August gasoil time spread flips to contango on demand uncertainty The Singapore July-August 10 ppm sulfur gasoil derivative timespread flipped to contango at the close of Asian trade June 22 amid demand uncertainty arising from a resurgence of COVID-19 cases that has prompted lockdowns and movement restrictions across the region.
QP customers angle for more flexible LNG contracts in evolving market As Qatar Petroleum readies its long-awaited expansion of the world's largest offshore gas field, it is likely to face pressure from LNG buyers for more flexible contract terms in an increasingly competitive market.
Japan nuclear regulator approves Chugoku Electric safety plans for Shimane-2 Japanese Nuclear Regulation Authority commissioners unanimously approved June 23 safety upgrade plans for the restart by Chugoku Electric Power Co. of its 820-MW Shimane-2 boiling water reactor, a key step before the unit can resume operation.
July Europe-to-Asia naphtha arbitrage expected to decline on weaker Asian olefin, European rally Naphtha arbitrage economics from Europe into Asia for July loadings are expected to edge lower due to weaker olefin margins in Asia and tightness in the European complex.
Large energy companies should take opportunity to invest in transition: Orsted The energy transition should be seen as an investment and not a cost, the CEO of Danish multinational power company Orsted said.
Bunker supplier ScanOcean to sell Neste's low sulfur MGO in Sweden ScanOcean will start selling the product, which has a maximum sulfur content of 0.1% and will be sold on an ex-pipe basis, from the end of June.
INDIA DATA: May fuel oil production up 30% on month Underpinning most of the increased production was Nayara Energy, which produced and sold two 40,000 mt VLSFO spot cargoes for the export market, doubling its sales from April.
Oman Oil Marketing Company signs bunker fuel agreement for sultanate's ports **Focused on building bunkering business at Duqm Port **OOMCO also plans to build storage capacity at Duqm
CHINA DATA: May output of key oil products up 8.7% on year to 40.9 mil mt Fuel oil output over January-May was 8.6% higher on the year to 15.27 million mt as state-owned refineries raised very low sulfur fuel oil production in the second quarter in a bid to boost supply at domestic ports, fuel oil traders said.
Norwegian Cruise Line Holdings to buy 3 million carbon offset credits **Three-year offset purchase program to start in 2021 **Company aims to bridge 'emissions gap' until cleaner tech emerges
REFINERY NEWS ROUNDUP: Maintenance in Russia affects product supply Russia's government could redirect some of the diesel export volumes in order to cover rising domestic demand, the energy ministry said.
Pakistan's PSO may step up Q3 fuel oil buying on LNG infrastructure maintenance Highest temperatures in Pakistan occur in Q3, prompting the purchase of cargoes for power generation.
Hoegh Autoliners accelerates decarbonization journey with ammonia-ready ships **Delivery of ships scheduled for 2024 **Hoegh considers listing to support decarbonization goals
FUJAIRAH DATA: Oil product stocks fall as light distillate volumes plunge 24% **Light distillates reverse previous week's soaring volumes **Middle Distillates rose 6.6%, heavy distillate up 4.7%
S Korean refiner Hyundai Oilbank plans IPO in 2022 on domestic fuel demand recovery, ample liquidity **Domestic fuel demand picking up, Middle distillate cracks improving **Low interest rates, easy monetary stance to support investor sentiment
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