CDC tepid on CLIA request, but meantime FMC's Sola has a plan The U.S. Centers for Disease Control and Prevention (CDC) appears to be in no hurry to respond to the Cruise Line International Association's call for it to to lift the Framework for
Harvey Gulf Subsea awarded work scopes for two more vessels Harvey Gulf Subsea Solutions reports that it has been awarded two additional scopes of work for two of its Gulf of Mexico assets. The new awards come within days of the company's
New report explains IMO cruise and ferry sector cybersecurity requirement Leading global mobile satcom specialist Inmarsat has released a new, free of charge, report covering new International Maritime Organization cybersecurity requirements and their implications for cruise ship and ferry operators. By IMO
MetalCraft Marine delivers high performance fireboat to Vietnam MetalCraft Marine, which has yards in both Watertown, N.Y., and Kingston, Ontario, reports that its Kingston yard has delivered a Firestorm 36 Mk II fireboat to the Fire Department of Quang Ninh
VIDEO: Suez Canal could be blocked for weeks UPDATED: This morning, the Suez Canal remained blocked by the giant containership Ever Given, which remains wedged across the waterway, preventing the passage of canal traffic in both directions. The delays could
Boxships begin to divert from Suez Canal The Suez Canal remains closed to traffic in both directions. Carriers are now looking at adding a week to their...
Israeli-owned boxship damaged by 'missile' Liberia-flagged, Israeli-owned panamax boxship Lori reportedly struck by missile while travelling from Tanzania to India. The incident follows tit-for-tat attacks...
Weekly Briefing: Suez stretches supply chains but spares tankers | Dry bulk deals with political stand-off All eyes are on the Suez Canal blockage in this week's markets round-up, for good reason - an estimated 12% of...
Suez Canal's red light puts brake on new car deliveries One of the world's largest car carriers Wallenius Wilhelmsen evaluating whether to divert other ships via Cape of Good Hope
Almost all Suez tailback vessels likely lack cover for delays Timechartered tonnage remains on-hire, lawyers confirm, which is positive for owners but conversely negative for charterers paying out for duration...
Questions raised over cause of Ever Given grounding Engine failure and heavy weather have both been cited as reasons behind Ever Given's grounding in the Suez Canal. But...
Seafarer training falling behind as tech accelerates The delay between introducing new technology on board ships and full implementation of training on that equipment will grow. Bringing...
Cosco board eyes order for 10 dual-fuel megaships Cosco has been reluctant to burn LNG on its new ships owing to concerns about a lack of fuel infrastructure...
Suez blockage extends as salvors fail to free Ever Given The queue of traffic waiting to transit the Suez has grown significantly overnight, with over 200 vessels now stuck due...
Off-peak season to ease Suez Canal strain on LNG shipping 'The disruption on the LNG market will be limited if the congestion in the Suez Canal is resolved in a...
Tankers to feel limited impact from Suez Canal shutdown If the blockage is prolonged, Wood Mackenzie expects oil product trade flows from Europe and the Mediterranean to the East...
Daily Briefing Free to read: Suez Canal remains blocked despite efforts to refloat grounded vessel | Grounding likely to generate big insurance...
Global LPG exports to rise as petchem demand grows The tanker research and consulting group believes a forecast rise in LPG shipments will also be buoyed by strong incremental growth...
Buttigieg vows to help US exporters resolve supply chain woes The U.S. secretary of transportation testifies before Congress on the Biden administration's infrastructure priorities.
Amazon airline ATSG touts red-hot business for cargo jet leases Air Transport Services Group is riding the e-commerce wave. It's expanding its fleet to meet demand from Amazon and other customers.
Eureka, another container ship en route to Long Beach, delayed The Maersk Eureka is 650 miles off the coast of Alaska awaiting repairs
S KOREA DATA: Feb gasoil exports climb 4% on month South Korea's February gasoil exports climbed 4.01% on the month, easing off from the seven-year low registered in January, as firmer regional demand for the middle distillate spurred an increase in outflows.
Seven Maersk vessels affected by Suez Canal blockage Seven Maersk vessels are affected by the Suez Canal blockage, according to an advisory by the Danish container carrier March 25.
INDIA DATA: Jan fuel oil exports fall 33% amid lower operation rates India's fuel oil exports in February fell 33% on the month to 75,000 mt, latest data from the country's Petroleum Planning and Analysis Cell showed, as refiners cut their operation rates amid weak demand for oil products.
Japan's ENEOS settles Jan-Mar fuel oil prices 22-23% higher on firmer oil Japan's largest refiner ENEOS has settled with domestic industrial customers its January-March quarter fuel oil prices around 22-23% higher than the previous quarter mainly due to firm oil prices, according to documents seen by S&P Global Platts.
FEATURE: ADNOC, Fujairah bet on each other's growth with Murban crude futures launch The strategically sited eastern UAE port of Fujairah is about to get a facelift as the primary delivery point for a new crude futures contract that could transform how the Middle East's oil is traded.
Total says suspends Italy Tempa Rossa crude production for 'extraordinary' maintenance Total has halted production at its Tempa Rossa onshore heavy oil complex n Southern Italy so it can carry out "extraordinary" maintenance, the French company and project operator has said.
Israeli-owned container ship Lori 'attacked' in the Arabian Sea: source Lori, an Israeli-owned container ship, was attacked in the Arabian Sea on March 25, and is currently heading to India, where its damage will be assessed, a source close to the matter said March 25.
Fresh wave of lockdowns hit oil demand markers in Southern Europe Oil demand markers in Southern Europe slipped over the last week to March 21 as a wave of new lockdowns and restrictions came into force to contain the latest surge in COVID-19 infection rates.
Brazil's Petrobras, Abu Dhabi's Mubadala sign $1.65B deal for RLAM refinery The board of Brazilian state-led oil company Petrobras approved the sale of the Refinaria Landulpho Alves, or RLAM, to Abu Dhabi's Mubadala Investment Co. for $1.65 billion, with the two companies signing a sales contract, Petrobras said.
Clean product cracks support light Middle East crude values A preference for lighter crude grades has been demonstrated through spot values for Middle East crude, as by-product light distillate refining margins, especially those for gasoline, have outperformed heavier distillate refining margins this year.
Iran president says oil export pipeline to be operational this year: Shana Iranian President Hassan Rouhani said March 25 that the country's strategic oil export route will soon become operational to pipe around the restive Strait of Hormuz.
Container ships turn to Cape of Good Hope as Suez issues continue: cFlow The Ever Greet, a sister ultra large container ship of the Ever Given currently blocking the Suez Canal, has turned south on its voyage to Rotterdam and appears to be heading for transit via the Cape of Good Hope, rather than join the ever lengthening queue of ships waiting for the Suez Canal, data from Platts cFlow trade-flow software showed March 25.
OIL FUTURES: Crude resumes declines as stronger dollar, pandemic concerns ail market Crude oil price declines resumed on March 25, with futures giving back nearly all of their prior session gains as pandemic demand concerns overshadowed reports of an extended closure of the Suez Canal.
Container lines warn of further delays at Suez, publish waiting lists amid record freight rates **North Asia-to-North container rate 631% higher on the year **Potential opportunity for European ports to work on existing backlog
IMO marks bunker consumption at 213 mil mt globally, containerships tops demand **Global bunker consumption at 213 mil in 2019 **Containerships, tankers, bulk carriers highest consumers **HSFO took 80% demand share pre-IMO 2020
Gothenburg to add short-sea terminal service amid EU push to cut road freight 30% **Diesel, gasoil demand in West European transport about 4.4 mil b/d in 2019 **EU transport goal of a 60% reduction in GHG emissions from transport
Oil trade braces for long delays as Suez Canal closure likely to last days **Almost 40 oil, LNG tankers waiting to transit the key waterway **Backlog could take a week or more to clear: sources **Traders start to change loading/delivery date of oil cargoes
Marex Spectron buys Rotterdam-based oil product broker Starsupply **Beefs up EU presence, service range **Latest in string of M&A deals since 2011 formation
OIL FUTURES: Prices fall as Suez Canal still closed, demand dips, stock builds loom Crude and product stock builds in the US were also putting prices under pressure. The US Energy Information Administration late March 24 reported a 1.91 million-barrel build in crude stocks for the week ended March 19.
COVID-19 has shown that decarbonization goals are achievable Despite the tremendous growth of renewables, S&P Global Platts Analytics' most plausible scenario points to fossil fuels still accounting for half of the energy mix in 2050.
S KOREA DATA: Feb bunker fuel exports plunge 91% on year Refiners had continually cut run rates since September last year on poor margins for oil products.
No clear winner among many bunker fuel options for decarbonization: experts **Long list includes LNG, LPG, biofuels, methanol, ammonia, hydrogen **IMO has targets to cut greenhouse gas emissions **Methanol demonstration planned in May in Europe
Unclear when stuck container ship Ever Given to move out of Suez Canal: owner **Power shovel works begin to move Ever Given from shallows of canal **Suez Canal is one of the world's most critical commodity chokepoints
Suez Canal ship accident delays crude, products arbitrage flows: sources **Freight, demurrage costs to rise **Voyages via Cape unlikely **Port congestion looming
Total to supply LNG as bunker fuel to MSC Cruises at Marseilles Industry sources have indicated that the first MSC cruise ships to receive the LNG should do so in early 2022.
High container freight rates leave commodity traders scrambling for alternatives **Commodities that typically ship in containers turning to dry bulk vessels **Trading terms evolving to manage logistical challenges **Intermodal transport reliability attracts shippers despite high costs
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