55,000 barrel ATB joins Crowley fleet Crowley reports that it recently took delivery of its new 55,000-barrel, articulated tug-barge (ATB), the Aurora / Qamun. The 410-foot vessel is the second ATB in Crowley's fleet, after the Aveogan /
Stena Line RoPax is world's first vessel to use recycled methanol as fuel In 2015 Sweden's Stena Line made history by converting one of the largest RoPax ferries in the world, the 240-meter Stena Germanica, to become the world's first methanol powered ferry (see earlier
Eastern Shipbuilding gears up to compete for OPC Stage II Panama City, Fla., based Eastern Shipbuilding Group, Inc. (ESG) reports that it has signed an exclusive partnership agreement with Slidell, La., headquartered Bayou Metal Supply to provide material and labor in support
Carnival Corp aims to have 52% of capacity cruising by November Eight cruise line brands from Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, have announced plans to resume guest cruise operations, with AIDA Cruises, Carnival Cruise Line,
Singapore: Keppel O&M and Sembcorp Marine merger talks to start A Singapore maritime mega merger that has been the subject of speculation for years looks like it's finally going to happen. Keppel Corporation Limited and Sembcorp Marine Ltd have entered today into
CIT provides $42 million in financing for dry bulk fleet CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk
WISTA USA names new president The Board of WISTA USA, the Women's International Shipping & Trading Association, appointed Boriana Farrar, vice president and chief legal officer of Patriot Contract Services LLC, as president at its 2021 Annual
EU's shipping emissions approach threatens its success The fragmented approach to ship emissions and fuels policies from Brussels risks not only generating ineffective policies that undermine its...
Rising shipyard costs push up hull insurance rates, says Gard 'The spare parts, the steel and the yards themselves when doing the work, are asking much higher prices than in...
Toft calls for infrastructure investment to ease supply chains Box carriers are putting additional tonnage and equipment into the system in an effort to meet demand. But ageing ports...
Singapore yard merger talks begin in earnest Keppel O&M and Sembmarine have pledged to loop in unions on workforce plans going forward
Sustainable financiers not taking firm stand on LNG Targets tied to sustainable loans should either be "ambitious" or pledge outcomes that are a significant improvement on usual business...
Bulker owners see signs of strong market in near term Owners on a Marine Money panel expressed optimism at the prospect of a 'very strong' dry bulk market over the...
UK says non-resident seafarers are eligible for vaccines Non-resident seafarers can be vaccinated in the UK after calls in parliament's House of Lords to make the country an...
Protection of seafarers' human rights debated by UK parliament The UK government faced questions in the House of Lords concerning the crewing crisis, vaccine and internet access for seafarers...
Counting the costs of supply chain disruption The pandemic, the Suez Canal blockage and the Yantian closure all demonstrate that black swans are becoming far more common...
Leaked EU fuel plans confirm industry fears and rile green lobby A leaked draft of the EU's multi-pronged plan to force shipping towards greener fuel choices confirms the worst fears of...
Yangzijiang wins $715m in orders as newbuild recovery seen slowing The 14 vessels being ordered are mostly boxships, consisting of a pair of 11,800 teu, five 3,500 teu and two...
Daily Briefing Free to read: Spate of bulker orders could derail hot market trend | MSC puts its weight behind decarbonisation R&D...
Globus Maritime secures new charter in 'strong market' 'The signals and information we receive regarding the supply and demand balance illustrate a positive picture for the industry well...
Canadian passenger airline WestJet to launch freighter division Passenger airlines are going crazy for cargo. WestJet is following the lead of Canadian rival Air Canada in starting a dedicated freighter business to capitalize...
Middle East companies look at low-carbon projects Abu Dhabi National Oil Co. will partner with Abu Dhabi-based chemical company Fertiglobe to develop its first blue ammonia facility with a capacity of 1 million mt/year, as the energy producer seeks to attract investments in low-carbon products, ADNOC said in a statement on June 22.
Crude steady as market looks toward OPEC+ meeting for next direction Crude futures were steady in midday trading June 24 as the market searched for next direction against a backdrop of bullish drivers.
First hydrogen cargo into Germany to be delivered 2024: H2Global Germany's green hydrogen import initiative H2Global expects physical delivery of a first cargo into Germany by end-2024, Timo Bollerhey from the H2Global Task Force told S&P Global Platts June 24.
Middle East gasoline premium hits 9-week high amid refinery outages, rising demand The CFR 95 RON gasoline premium in the Middle East closed at a nine-week high of $5.00/b on June 24, amid production disruptions in Abu Dhabi National Oil Company's Ruwais and Reliance Industries' Jamnagar refineries and the strengthening of the Asian paper market, traders said.
Global mobility wobbles after hitting post-pandemic high, as COVID-19 delta variant spreads Oil demand indicators in most of the world's biggest consuming economies slipped back from post-pandemic highs in the week to June 20, according to mobility data, as concerns grow over the impact of the highly infectious delta variant of the COVID-19 virus as it spreads across the globe.
European middle distillates hit 17-month high on buoyant futures, gradual demand uptick Bullish sentiment across oil markets pushed outright prices for European middle distillates to a 17-month high June 23, while a gradual uptick in demand lent extra strength to ultra low sulfur diesel and jet fuel.
Mexico readies constitutional amendments in power sector after election The Mexican Federal government will present an initiative to Congress to modify the constitution to restrict participation of private companies in the electricity market, President Andres Manuel Lopez Obrador said June 15 in his daily morning conference.
NWE gasoline exports to WAF pick up on cheaper freight After three consecutive weeks of falling exports, loadings of gasoline from Northwest Europe for delivery to West Africa have risen sharply this week, according to Kpler data.
China's tight storage availability caps light cycle oil imports in May, June The lack of available storage in China had limited the import of light cycle oil in May and June, ahead of the implementation of a new consumption tax on June 12, market sources told S&P Global Platts June 24.
ARA diesel, gasoil stocks rise 3.5% on week to 2.477 mil mt despite rising diesel demand: Insights Global Stocks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp trading hub rose 3.5% on week to 2.477 million mt in the week to June 24, according to data from Insights Global, despite diesel traders reporting a continued gentle increase in demand.
UK CCS developer Storegga begins work on direct CO2 capture facility UK-based Storegga has begun work together with Canada's Carbon Engineering on a facility in Scotland that will be able to permanently remove 500,000-1 million mt/year of carbon dioxide from the atmosphere, the companies said June 24.
Crude edges higher as supply outlooks tighten, despite delta variant spread Crude oil futures settled higher June 24 as the market eyed increasingly bullish supply and demand outlooks, despite the rapidly spreading coronavirus delta variant.
UK climate advisory body slams policy delays ahead of COP26 **UK's credibility at risk from lack of detail **Transport, buildings, hydrogen lagging behind
EU green-fuel shipping proposal supports LNG uptake: NGO **LNG has low operational costs compared with other fuels **Biofuel an expensive option
Indian oil minister renews call for OPEC to phase out production cuts **Pradhan tells Barkindo rising oil prices threaten global recovery **OPEC and allies set to meet July 1 to set August output quotas
JAPAN DATA: Oil product stocks rise 2% on week to 68.09 mil barrels June 19 Low sulfur fuel oil stocks fell 3% week on week to 4.6 million barrels, while high sulfur fuel oil rose 3.7% from a week ago to 7.65 million barrels.
FEATURE: Strong HSFO demand prospects lure Indian bunker suppliers **Hi-5 spread supports scrubber uptake **Suppliers continue to lobby for India GST waiver on bunkers
Japan domestic clean product shipments rise 3.5% in April on demand recovery Demand for gasoline and jet fuel turned to a recovery trend, and demand for transfer between refineries increased due to planned and unplanned maintenance works.
OIL FUTURES: Crude slips after rally but sentiment remains bullish Data from the Energy Information Administration June 23 showed a sharper-than-expected 7.614 million barrel week-on-week drop in US crude oil stocks for the seven days to June 18.
TFG Marine to offer biofuel bunker blends in ARA Biofuels blends are gaining increased attention as the shipping industry looks towards more stringent environmental regulations in 2030 and 2050.
Sri Lanka bunker market in full throttle on ports progress, India monsoons Sri Lanka's bunker market is likely to ride a wave of growth as it develops its Hambantota port, among other initiatives, while also welcoming additional short-term demand due to India's impending monsoon season, although some hurdles remain, industry sources said.
Singapore's MPA, other ports advance moves on disruption, digitalization, decarbonization **Maritime decarbonization solutions being advanced **Singapore Maritime Decarbonization Center to play key role
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