ABS in joint study on potential for ammonia as a marine fuel in Singapore ABS is collaborating with Singapore's Nanyang Technological University and the Ammonia Safety and Training Institute (ASTI) on a study of the potential of ammonia for Singapore, exploring supply, bunkering, and safety challenges
VIDEO: Oldendorff explores Anemoi rotor sail solution for bulkers Germany's Oldendorff Carriers has signed a Joint Development Project (JDP) agreement with rotor sail specialist Anemoi Marine Technologies, Lloyd's Register (LR), and Shanghai Merchant Ship Design and Research Institute (SDARI). The JDP
ME-GI engines will power ultra large Hapag-Lloyd box ships MAN Energy Solutions has won an order for six MAN B&W 11G95ME-GI Mk10.5 main engines in connection with the building of six ultra-large, 23,500TEU container vessels for Hapag-Lloyd. The engines will be
Shipping leaders in new move to resolve crew change crisis In a worldwide call to action to end the unprecedented crew change deadlock caused by COVID-19, over 300 companies and organizations have joined forces to help resolve what has become a humanitarian
Pittsburgh Engineer District gets additional $57.4 million for civil works in FY 2021 The Pittsburgh Engineer District reports that its FY 2021 Work Plan includes an additional $57.4 million for the civil works program. Total appropriations for FY21 from all sources are expected to be
Biden executive order reaffirms Jones Act support In signing his "Buy American" executive order yesterday, President Joe Biden specifically endorsed the importance of the Jones Act , saying the executive action "reiterates my strong support for the Jones Act
Hyundai Heavy eyes $900m IPO to build green ships The Korean builder's fundraising initiative comes as yards are being asked to upgrade their production and the global supply chain in...
LNG exporters see a competitive advantage in western Mexico A recent Lloyd's List analysis drew attention to such problems, saying that congestion at the Panama Canal has forced many...
US to seize Iranian oil on board Marinakis-owned tanker Seizure order is a new legal tactic successfully used twice during the past two years to secure cargo on board...
West Africa becoming higher risk for shipping Reports of suspicious approaches increased in 2020 as crew worries grow of criminal threats in the Gulf of Guinea and...
Hazmat study finds asbestos 'on most ships' 'In 10 or 20 years' time, we might see a new wave of asbestosis claims against shipowners. It is going...
Oldendorff to test wind propulsion on newcastlemax The project, signed with manufacturer Anemoi Marine Technologies, the Lloyd's Register classification society and Shanghai Merchant Ship Design and Research Institute, is...
Wan Hai orders newbuilds and containers in $700m spree Wan Hai has been increasing efforts to expand its business footprint, especially in the intra-Asia market where it is highly competitive
Infinity Maritime names shipbrokers for digital platform Announcement of 'initial group' of shipbrokers said to indicate progress towards sourcing of Infinity's first fleet as well as underscoring...
Weather and incoming boxships add to US west coast disruption High winds forced 17 ships out of anchor to avoid dragging in 'complex situation'. But port volumes and ship calls...
Shipping's digital transformation driving efficiency Digital technology and satellite communications have become the driver of shipping efficiency. Looking to the end of the decade, shipbuilding...
Australia-China LNG shipments defy diplomatic trade rows Liquefied natural gas is the only energy fuel showing year-on-year rise in seaborne trade after pandemic-induced demand plunges for coal...
Tanger Med volumes surge despite drop in traffic A fall in ro-ro and passenger traffic was offset by increases in container and bunkering services. Tanger Med now stands...
DFDS to buy HSF Logistics Group in $359m deal Danish company adds to its logistics network with the acquisition of the cold chain logistics services provider that employs 1,800...
Daily Briefing Free to read: Industry heavyweights reignite crew-change crisis efforts | Indonesia probes suspected illegal Iran oil transfers | One seafarer...
More than 50 bulkers still waiting at Chinese anchorages Of the vessels waiting to offload their cargoes, there are 10 panamaxes, 29 post-panamaxes and 16 capesizes, Lloyd's List intelligence...
Samsung Heavy wins orders for 13,000 teu pair South Korean shipbuilder expects an increase in orders for ultra-large containerships and replacement demand for eco-deigned vessels around 10,000 teu...
Malaysia's Port of Tanjung Pelepas throughput rose 8% last year The transhipment hub at the southern end of Malaysia is on the cusp of joining the 10m teu club of...
ABS leads study on ammonia as marine fuel The research effort is in tune with Singapore's long-term maritime decarbonisation strategy, which seeks to build a more sustainable maritime...
Fortescue Metals floats $700m tender for LNG-fuelled newcastlemax bulkers The mining company seeks to charter up to 10 dual-fuel vessels amid efforts to cut emissions
Eastmed-linked companies sue to stop Integr8 arbitration push Prose Shipping and Poles Shipping argue they cannot be forced into arbitration, as they were never party to a contract
BW Group sells off Golar LNG shares The Singaporean firm bought shares in September and started selling in November
Capesize spot rates continue to fall amid 'seasonal headwinds' January's rates are still higher than usual, Cleaves Securities' Joakim Hannisdahl said
Iran demands to know why NITC VLCC was seized in Indonesia Government seeking clarification over allegation of illegal oil transfer with Chinese tanker
Banks take over Polarcus seismic vessel fleet hours after owner defaults Lenders enforce share pledges to take control of seven survey ships
US domestic shipping cheers Biden executive order Nearly 20 leaders in the US shipping industry applauded Biden's executive order, signed on Monday
Oldendorff working on folding rotor sail design for bulker fleet German giant teaming with Anemoi for sails that can be flattened on vessel decks
NYK Line presses on with wind vessel move in deal with geoscience player OYO Japanese shipowner links up with seabed investigation company to prepare the ground for domestic wind farm operations
Cosco's tanker arm teams up with MOL on Arc7 LNG trio for Novatek Long-running partners finally buddy up on ice-breaking newbuildings for Russia's Arctic LNG 2 project
Dorian LPG earnings beating consensus but dividends could be delayed Fourth quarter figures looking strong for VLGC owner, but rate fall this year may change dividend outlook
Randy Giveans celebrates arrival of 'sistership' The busy analyst finds a new reason to be bullish in 2021
'Coalition of the willing': shipping using its strength to solve crew crisis Jeremy Nixon and Graham Westgarth tell TradeWinds how they brought 314 stakeholders together - and what the future now holds
USTC bunker hedging unit makes banker its chairman Danish tanker and bunker sales group appoints former Nordea derivatives banker as part of moves to realign its strategy around financial hedging programmes
Covid-19 hits port-state control inspection numbers in the Pacific region Tokyo MOU prepares to go remote as pandemic limits access to ships for inspection
Mark O'Neil says worsening crew-change situation could last into 2022 Columbia Shipmanagement chief executive warns that industry needs to speak with one voice to make a positive impact for seafarers
Mark O'Neil: Signing and then forgetting Neptune Declaration is not enough Global trade could be at stake if seafarers are left at the back of vaccine queue, shipping lobby warns
Boxships spur confidence in German finance circles The turning tide in container shipping may help the German fleet start to grow again
Cosco tanker arm takes $130m write-down on aged tankers Chinese giant says the impairment is part of fleet renewal plan and still expects strong 2020 profits
Valles Steamship tanker crew retreat to citadel after pirate approach Potential attack on Seafrontier reportedly thwarted off Nigeria
Wan Hai Lines inks deal for a dozen boxships at Nihon worth $565m Taiwanese operator says investment comes on the back of improved freight rates and earnings
Five seafarers missing after boxship and tug collide off Indonesia Authorities fear crew members were trapped in overturned hull of towage vessel
Norway's Cryo claims LNG bunkering record in Singapore Straits A vessel spot-chartered from Avenir has supplied the biggest LNG-fuelled ship yet, according to LNG bunkering specialist
Prelude FLNG exports second cargo after restart weather blip Shell's giant floater starts to ramp up production after year-long downtime
Seismic vessel player Polarcus halts payments after defaulting on loan Middle East shipowner in talks with banks to ensure 'financial sustainability'
Clarksons' Middle East boss Essam Bella dies from Covid-19 Essam Bella was instrumental in establishing the shipbroking giant's presence in the Emirate
Tanker stuck off UAE for three years runs aground in storm Seafarer on Iba says he has not been on land for four years
Handysize bulker futures market set to launch following shipowners' campaign Clearing houses could begin handling paper trades as soon as mid-April, TradeWinds understands
Neptune Declaration: More than 300 shipowners and charterers join forces to speed crew changes and vaccinations Neptune Declaration brings together giants such as Maersk, John Fredriksen, Cosco, BP and Trafigura to increase the pressure on governments to act on seafarer welfare during the pandemic
Hyundai Heavy and DSME merger deadline pushed back to June over EU concerns Korea Shipbuilding & Offshore Engineering revises contract deadline for acquisition from Korea Development Bank
Unique Shipping trims fleet with $40m deal to sell gas veteran Hong Kong shipowner says that with two vessels sales in the bag, it is no longer in a selling mood
What really lies behind the rise and rise of handysizes? Time charter average rates have almost quadrupled since last May - at times even surpassing those for supramaxes
Citadels said to remain secure despite Borealis boxship attack Security consultants downplay fatal incident in Gulf of Guinea, as uncertainty surrounds exact circumstances
United Heavy Lift sells 50% to Zech foundation in preparation for 'next big step' Move builds on need for strong partnerships, says founder Lars Rolner
ABS teams with Singaporean university in ammonia bunker study City state looks to take a lead in developing new maritime fuels with latest industry wide study
Courage Investment Group looks to enter crew training sector Hong Kong shipowner says demand for on-line training in China is booming due to Covid-19
Xihe chemical/product tanker sails over to new owner in the Middle East Smaller units of the Xihe fleet reportedly set to resume trading with Glory International of the UAE
Handysize bulkers future market set to launch following shipowners' campaign Clearing houses could begin handling paper trades as soon as mid-April, TradeWinds understands
Handysize futures market set to launch following shipowners' campaign Clearing houses could begin handling paper trades as soon as mid-April, TradeWinds understands
Neptune Declaration: More than 300 owners and charterers join forces to speed crew changes and vaccinations Neptune Declaration brings together giants such as Maersk, John Fredriksen, Cosco, BP and Trafigura to increase the pressure on governments to act on seafarer welfare during the pandemic
Raimondo vows to pursue pro-worker industrial, climate policies Gina Raimondo will be the anti-Wilbur Ross as secretary of commerce, with less focus on protectionism.
INDIA DATA: India's 2020 oil product exports down 10.2% on the year India's oil product exports fell 10.2% year on year to 57.72 million mt in 2020, or 1.24 million b/d, trovisional data from the Petroleum Planning and Analysis Cell showed Jan. 26, as global demand for fuels shrank due to the coronavirus pandemic.
Oil major's credit ratings under threat from growing climate risks: S&P Global S&P Global Ratings said Jan. 26 it is considering downgrading its credit ratings on a number of major oil and gas producers, including ExxonMobil, Shell and Total, to reflect a growing risk to their businesses from the energy transition, price volatility, and future profitability.
Gasoline demand in Mexico reaches pre-pandemic levels in December Demand for gasoline in Mexico surged to pre-pandemic levels in December, as holiday travelers swarmed the country's beaches amid a lockdown in the capital, Energy Secretariat (Sener) data showed Jan. 26.
OIL FUTURES: Crude searches for direction amid US stimulus headwinds, weaker dollar Crude oil futures finished a volatile session mixed Jan. 26 as the market searched for direction amid US stimulus headwinds and bullish economic data.
Japan's ENEOS to keep weekly wholesale product prices stable: market sources Japan's largest refiner ENEOS is expected to keep weekly domestic wholesale base prices of its five major oil products unchanged in the week started Jan. 24, multiple sources said Jan. 26.
INDIA DATA: Dec gasoil output rises 3% on year on high refinery runs India's gasoil production rose 3.3% year on year in December and was fairly stable on the month amid high refinery run rates since November. But a recent surge in COVID-19 cases was putting pressure on demand and may hit gasoil production again.
Argentina's YPF to boost investment by 73% this year to rebuild output Argentina's state-backed energy company YPF plans to ramp up it investment 73% this year, with the brunt of the increased spending going toward rebuilding oil and natural gas production after a 10% slump in 2020, a company source said Jan. 26.
Med 0.1% gasoil cargoes at 5-month low as narrow contango discourages storage Physical differentials for 0.1% gasoil cargoes in the Mediterranean have fallen to a five-month low as more supply from storage has been added to the market due to higher outright prices and a narrowing contango structure, market sources said Jan. 26.
New refineries could push Middle East oil product sales to 9 mil b/d by 2023: Glander Middle East oil product sales could reach 8 million-9 million b/d by 2023 as new refineries open up in the UAE, Saudi Arabia, Iraq and Oman, Glander International Bunkering Senior Sourcer Sean Burgin said.
USGC middle distillate exports to Europe in Feb at 110,000 mt: cflow US Gulf Coast middle distillate shipments set to land in Europe in February amount to 110,000 mt so far, all in Northwest Europe, according to Platts cFlow, trade flow software, on Jan. 26.
Oldendorff to develop wind-assisted solution for dry bulk carriers Dry bulk shipping company Oldendorff is embarking on a joint-venture project to developed wind-assisted propulsion for its carriers, the company said Jan. 26.
REFINERY NEWS: Preflash unit at Swiss Cressier starts operation The preflash unit at Swiss Cressier refinery is now in operation, the company said Jan. 26.
France's Storengy to test underground green hydrogen storage project **Objective to replicate project on other EU sites **Production and storage of hydrogen by 2023 **Production of 400 kg of hydrogen per day
Port of Valencia a potential benchmark for promotion of LNG bunker: Valenciaport **Baleria carried out close to 300 LNG bunker operations at Velencia in 2020 **Cryo Shipping completes STS LNNG bunker operation for oil tanker
SE Asia leading bunker demand recovery after COVID-19: Channoil's Waddington **Asia setting bunker prices, trade flows **VLSFO demand supporting WAF refineries **Scrubber economics 'poor'
Prompt laycan barrels propel West African crude tanker rates **Suezmax freight surges as unsold prompt barrels come to market **Nigerian crude values under pressure, participants consider VLCCs
Storage companies seen pivotal for mitigating energy transition risk **Storage firms have skills base to handle hydrogen **Storage an attractive prospect to investors **ESG attracting a range of interested players
IMF forecasts 21% rebound in crude oil prices for 2021 to just above $50/b **IMF revises up global GDP growth forecast **Vaccines, stimulus measures to aid recovery **Flagging travel demand challenges oil economies
Barclays raises 2021 oil price forecasts on Asian cold snap, weaker dollar The bank said it now sees Brent prices averaging $55/b and WTI prices averaging $52/b in 2021, up from $53/b and $50/b respectively.
China's 2020 bonded bunker fuel supply jumps 40% on year to 16.87 mil mt The volumes surged 40% from 12 million mt supply in 2019.
Hong Kong's bunker sales pain in 2020 reflects Zhoushan's gain Hong Kong bunker sales 2020 have declined some 30%-40% as COVID-19 hammered demand.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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