Electronic bills of lading are disrupting the traditional supply chain Digital documents allow counterparties to receive their cargo faster. Moves towards interoperability should be supported to foster further efficiencies
Supply chains need fundamental rethinking following systemic shocks The pandemic showed up the fragility of the existing model of containerised freight. Making a more resilient system for the...
West of England devotes product team to bespoke charterers' cover Marine mutual launches five-strong unit to undertake both underwriting and claims support
Höegh Autoliners to trade on Euronext Growth after fundraising The offering was priced at NKr21 ($2.38) per share, giving the company a market capitalisation of NKr1.2bn. The shares will...
IMO mulls voluntary switch to cleaner fuels in the Arctic The IMO came close to approving a voluntary measure against black carbon in the Arctic, but Russia and others objected...
Four dead after piracy incident off Nigeria Four suspected pirates killed in incident off Nigeria involving Danish military vessel. Industry groups say the incident shows the need...
Gooch defends London Club double-digit premium hike P&I rate hikes could continue for some time to come, according to senior sector figure
Avance Gas positive for VLGC freight rates into 2022 Delays through the Panama Canal may also force vessels to re-route via the Cape of Good Hope or Suez Canal...
Maersk sees slowdown in 2022 demand growth Carrier and equipment capacity will remain concerns in the first quarter of next year. Port congestion continues to affect waiting...
Hong Kong shipowners name Koo to lead association Mr Koo is the fourth-generation leader of the 104-year-old family business founded by C.S. Koo in Shanghai
Top 10 maritime lawyers 2021 London remains the international centre for shipping litigation, thanks to the English law settlement clauses built into many contracts
Daily Briefing Green R&D fund gets IMO lifeline | Trend for P&I clubs to declare big general increases continues | Top 10...
UK P&I Club rating downgraded by S&P Marine mutual insists its financial position and reserves remain robust
Wartsila, partners target hydrogen for marine propulsion The fuel's low energy density has limited plans for its uptake and in many cases downstream ammonia is a preferred option, according to shipping sources.
Japan's ENEOS sees winter fuel oil demand rising 150%, can only meet 100% surge Speaking to reporters as President of the Petroleum Association of Japan, Sugimori said ENEOS was receiving a lot of inquiries from power utilities for fuel oil supply for winter amid high LNG prices.
China's LCO imports slide 53% on month in Oct as gasoil output rises The country faced gasoil supply shortage in September and October, which pushed the wholesale price of the middle distillate up about 45% in October from about Yuan 5,500/mt ($861.19/mt) in early September.
UAE, Kuwait to support OPEC+ decision as ministers weigh response to SPR release In separate statements issued through their official news agencies Nov. 25, the UAE and Kuwait said no decision had been made yet ahead of OPEC's meeting Dec. 1, which will be followed by talks with Russia and nine other allies in the OPEC+ supply accord Dec. 2.
Oil trader Vitol to buy full control of African fuel retailer Vivo Energy The deal shows Vitol, the world's biggest independent oil trader, remains focused on expanding its downstream oil business in key growth markets even while it looks to build up a portfolio of renewable energy projects.
IMO dodges fresh 2050 climate target but launches new fund The existing timeline -- to review climate targets in 2023 -- remains in place.
OIL FUTURES: Crude prices edge lower on rising COVID-19 concerns Looking ahead, market participants are still trying to gauge what the effect of the US-led strategic petroleum reserve releases will be on planned OPEC+ output increases, and where the supply-demand balance will be next year.
European weekly fuel oil exports to US hit 10-month low: Kpler Kpler estimates that 131,000 mt of European fuel oil will arrive in the US in the week beginning Nov. 22, down from 228,000 mt the previous week.
JAPAN DATA: Nov 14-20 oil products output rises 18% on week Low sulfur fuel oil output surged 142.5% week on week to 1.35 million barrels in the week to Nov. 20, while high sulfur fuel oil production increased 13.5% on the week to 1.02 million barrels.
JAPAN DATA: Nov. 14-20 oil product exports drop 0.2% on week to 2.54 mil barrels LSFO imports came in at 28,274 barrels in the week over Nov. 14-20, after no record of the fuel oil imports in the previous week. HSFO imports fell 54% week on week to 196,789 barrels.
Shanghai-Zhoushan delivered marine fuel 0.5%S spread at over 7-month low Shipowners with impending bunker requirements at Zhoushan are undeterred by the flat price surge and had submitted inquiries, which lifted low sulfur fuel oil bunker demand, traders said Nov. 24.
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