OMSA releases Jones Act violation report While the Offshore Marine Services Association (OMSA) has recently chartered in its own vessel to patrol for Jones Act violations, it seems that it did not have to put to sea to
VIDEO: Maersk makes major commitment to methanol fueling A.P. Moller - Maersk says that in the first quarter of 2024 it will introduce the first in a series of up to 12 large ocean-going containerships capable of being operated on
NOV to supply designs, jacking systems for Cadeler X-Class WTIVs Houston headquartered NOV Inc. (NYSE: NOV) reports that it has signed a contract with shipbuilder COSCO Shipping Heavy Industry and Copenhagen, Denmark-headquartered Cadeler (OSE: CADLR) to supply the designs for two GustoMSC
Crowley and Mass Maritime partner on offshore wind Crowley Maritime Corporation and Massachusetts Maritime Academy (MMA) are to create a first-of-its-kind training and workforce development program dedicated specifically to the New England region's offshore wind energy industry. The partnership will
One in 20 bulk carriers caught in China port congestion Unwinding of logistics logjam to determine the direction of rates in the coming months. Port congestion at this scale has not...
Maersk-chartered vessel master charged over cable damage off Perth Police allege the vessel Maersk Surabaya dragged anchor off Perth, Western Australia, causing $1.1m damage to a telecommunication cable. The...
Columbia's Saudi expansion gathers pace with new venture Mark O'Neil has led Columbia on an expansion in the region, focusing on local talent, advanced technology, and respect for...
Daily rate for short-term VLCC charters steadies at sub-$10,000 Crude rates remain in the doldrums over the third quarter. Rates for the global fleet of more than 860 trading VLCCs...
Supply chain disruption hits far-off markets When a butterfly flaps its wings in Long Beach, there is an equipment shortage in New Zealand. Port congestion in...
Capesize daily rates rocket past $50,000 Market participants expect rates to reach $60,000 per day in the coming weeks as vessels ballast towards the Atlantic basin
Minor oil spill on Dutch river after barge and tanker collide Two inland tankers collided in a river in the Netherlands on Monday, with each vessel sustaining damage. Both were carrying...
Standard completes break with Charles Taylor Group 'We are excited about the future for the club and are confident that the new management model will fit the...
HMM warns strike action could cost $580m Analyst says that with about $2bn operating earnings recorded in the first half of the year and more expected to...
Maersk orders eight dual-fuel methanol boxships Maersk already has one methanol feeder ship entering its fleet in 2023. It has now pushed ahead with a $1.4bn...
Daily Briefing Ningbo's Meishan terminal partially reopens | Ningbo disruption adds to equipment shortage | One Hundred Ports: Riding out the storm
Ningbo's Meishan terminal to fully reopen next week, says OOIL The facility, where operations were suspended this month after a dock worker tested positive for coronavirus, will reopen on August...
Container traffic at Port Houston registers best month ever: 297,621 TEUs Port Houston's year-to-date container traffic increased 15% in TEUs compared to the first six months in 2020.
Maersk enters agreement for 8 methanol-powered vessels A.P. Moller - Maersk expects to save about 1 million metric tons of CO2 emissions annually with eight dual fuel container vessels.
Pilot Freight buys expedited carrier to integrate e-commerce delivery Pilot Freight Services took the unusual step of buying a trucking company to connect its e-commerce delivery services.
Germany to start selling national emissions market allowances Oct 5: EEX The German government plans to start selling carbon allowances under its national Emissions Trading System on Oct. 5, the European Energy Exchange said Aug. 24.
Tight ARA supply drives 50 ppm gasoil barges to parity with ULSD Cash differentials for 50 ppm gasoil barges in the Amsterdam-Rotterdam-Antwerp (ARA) region rose to parity with the lower sulfur ULSD barges, as tight supply of the higher sulfur gasoil grade pushed price levels to a seven-month high on Aug. 23.
FOB Singapore 380 CST cash differential hits 18-month high on Middle East demand The FOB Singapore 380 CST high sulfur fuel oil cash differential hit an 18-month high at $9.67/mt Aug. 23 amid higher demand for September cargoes from the Middle East power generation sector, according to the traders based there.
South Korea's western ports halt bunker operations on strong winds Bunkering operations at South Korea's western ports, such as Daesan, have been halted due to strong winds, market sources told S&P Global Platts Aug. 24.
Delivered Singapore 380 CST HSFO differential widens to multi-month high Premiums for Singapore-delivered 380 CST high sulfur fuel oil have widened to multi-month highs on Aug. 23, Platts data showed, on the back of strong delivered high sulfur bunker fuel values and an even stronger cargo market. This comes after Platts reported in the week ended Aug. 20 that HSFO suppliers in Singapore are beginning to see a pick up in demand for delivered HSFO bunkers.
East of Suez ULSD, gasoil shipments to Europe at 850,000 mt in September: cFlow Around 850,000 mt of East of Suez ultra low sulfur diesel and gasoil is set to arrive in Europe in September so far, according to Platts cFlow trade-flow analytics software and shipping fixtures.
UAE revising clean coal percentage in 2050 energy mix The UAE is revising the percentage of clean coal in its 2050 energy mix, an official from the energy and infrastructure ministry said Aug. 24, as OPEC's third-biggest producer forges ahead with plans to reduce its emissions.
Senators seek biofuel-blending compliance relief for US oil refineries As the Environmental Protection Agency gears up to announce how much renewable fuel must be mixed with gasoline and diesel in 2021 and 2022, 17 oil-state senators are calling on the agency to ease perceived compliance burdens on the US oil refining sector by waiving 2020 blending obligations and setting lower requirements for the following years.
OIL FUTURES: Crude extends rally, climbs 3% on improved demand sentiment Crude oil futures pushed higher for a second session Aug. 24, climbing 3% on the back of improved demand sentiment and a weaker US Dollar.
Eight new methanol-powered vessels will stimulate renewable fuel supply: Maersk **Conventionally produced methanol about twice as expensive as fuel oil **The new vessels will encourage new methanol projects: Maersk
CHINA DATA: July transport fuel output rises 0.8% on year to 30.45 million mt **Higher cracking margin drives gasoline, jet fuel output **Aviation sector expects headwind amid rising COVID-19 cases
Rotterdam HSFO crack spread reaches 11-week high **Hits highest level since June 2021 **Med physical HSFO market tight: traders
INTERVIEW: 2021 ushers in uneven global bunker demand recovery, decarbonization, says industry expert **Global HSFO demand to likely wane in 2-3 years **Market-based measures warranted to expedite decarbonization
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