San Pedro Bay ports to slap charges on carriers for containers that stay in terminals In an attempt to improve cargo movement amid congestion and record volumes, the San Pedro Bay, Calif., ports of Long Beach and Los Angeles are to assess a surcharge to ocean carriers
Pasha to repower veteran box ship to LNG dual fuel A 42-year-old Pasha Hawaii containership, the 2,400 TEU Horizon Reliance, is to be converted from steam propulsion and converted to dual fuel-presumably LNG-propulsion. The ship is one of four Jones Act containerships
Odfjell Chemical Tankers files suit against ACBL In a lawsuit filed October 22 in the U.S. District Court for Eastern Louisiana, Odfjell Chemical Tankers is seeking damages from American Commercial Barge Lines (ACBL) following a March 16, 2021, incident
Siem Offshore orders battery packs for 3 more vessels Norway's Siem Offshore today reported that it has signed contracts to fit an additional three vessels with battery packages. For one of its subsea construction vessels that has work lined up in
Lines want shipping excluded from extra-EU climate change rules World Shipping Council calls for international voyages to be excluded from emissions trading and fuel limits under Fit-for-55 package
Japan backs call to make shipping net zero by 2050 Japan will support a proposal to urge the IMO to get international shipping to net-zero emissions by 2050. The announcement...
DSV earnings surge despite flat volumes Capacity shortages have limited growth. But earnings per teu have soared on the back of higher rates
Vessel attacks in Gulf of Guinea break piracy lull Bad weather and the presence of foreign warships may have kept a lid on attacks, but incidents tend to tick...
More P&I insurers seek double-digit premium hikes Low- to mid-teen percentage point higher pricing now looks like benchmark for 2022 renewal round, as International Group affiliates set...
IMC names Liu as head of ship services Liu will lead the company's business in ship management, ship operations and technology centre services, among other relevant areas
Capesizes continue to slide The recent rally was not driven by underlying fundamentals, says Breakwave Advisors, and the 'bottoming process' will continue over the...
Japan launches $280m green ship funding project Funds will be used to help domestic marine players develop alternative marine fuels including hydrogen, ammonia and liquefied natural gas
Hydrogen can be shipping's 'best' clean fuel, says China Merchants president China Merchants Group president expects a breakthrough in the development of hydrogen-fuelled ships in the next five to 10 years
Economic recovery still faces threats, says DP World Strong growth in India boosts throughput figures for DP World. But slower economic growth in Europe will see growth rates...
Daily Briefing Global carbon levy on shipping endorsed by industry leaders - study | Focus on methane slip from LNG-fuelled ships intensifies...
Ocean carriers to face daily charge for 'lingering' containers US port envoy said he supports actions by the major Southern California ports to charge ocean carriers for 'lingering containers'...
Chinese Maritime Transport orders newcastlemax pair at Beihai Ship prices have increased at a fast pace this year as shipyard slots are filled up by growing orders
Florida's JAXPORT handles record container volume in 2021 The Jacksonville Port Authority handled more than 1.4 million TEUs in its 2021 fiscal year, an all-time annual record, and it says it's ready to...
Are historically high shipping rates causing consumer price inflation? Media coverage increasingly links consumer price inflation to container shipping and supply chain chaos.
UP, BNSF offer incentives to move containers away from LA, Long Beach To make room for more containers at the ports of Los Angeles and Long Beach, UP and BNSF are offering incentives to ocean carrier customers...
Minnesota port ready to handle waterborne international containers The Clure Public Marine Terminal now can handle "international shipping containers transported by vessel."
Trucking, harvesting raises US diesel demand, fills pipelines ULSD prices nationwide all rose more than 2 cents Oct. 25, reshaping the trendline once again higher as diesel demand grows for trucking and harvesting and supply struggles to catch up.
BRAZIL DATA: September refined product output dips on diesel downturn Brazil registered 0.6% year-on-year decline in refined product output in September as maintenance work and expansion projects undermined diesel production and offset growing volumes of gasoline, jet fuel and LPG, the National Petroleum Agency, or ANP, said Oct. 26.
OIL FUTURES: NYMEX WTI inches closer to $85/b as crude, products prices rise Crude oil futures continued to rise Oct. 26, buoyed by strong market fundamentals approaching the winter months, surging natural gas prices and strengthening stock markets.
Biomethane GOs cross-border trading needs a harmonized EU registry system Biomethane is set to play an important role in the decarbonization of gas supplies, but the lack of a harmonized certification system is preventing the development of a cross-border trading market in Europe, biomethane Guarantees of Origin traders told S&P Global Platts.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week Traders expected strength in the European 0.5%S marine fuel market to carry through into this week, as the Sines refinery in Portugal remains operating at reduced capacity.
ITALY DATA: Sept oil product demand gains 5.9% on year: Unem Italian demand for refined oil products in the first nine months of the year gained 9.2%, or by 3.43 million mt year on year to 40.6 million mt , according to Unem.
Updated climate commitments still falling short of global temperature goals: UNEP Coming ahead of the UN Climate Change Conference in Glasgow Nov. 1-12, UNEP's report found that net-zero emissions pledges could make a big difference.
Freight rates continue to rise on the Rhine amid low water levels One market source said that "freight has gone up three-and-a-half times in the past two months." This is half explained by the fact that barges have been forced to part load
INTERVIEW: Shipping's decarbonization move set to hit HSFO demand January-September sales of high sulfur bunker fuel, which includes 180 CST, 380 CST and 500 CST bunker fuel, at the world's largest bunkering port stood at about 9.4 million mt, up about 26% year on year.
CHINA DATA: Sep fuel oil exports gain 16% on year on higher bunker sales All the exports fell into the categories of "custom warehouse" and "processing and assembling", which indicates that the exports were fuel oil sold as bonded bunker.
MALAYSIA DATA: August oil products output rises on further easing of movement controls This is the fifth consecutive month that the countr's refined products output has increased on a year-on-year basis.
INTERVIEW: Australia eyes carbon exchange by 2023, growth in carbon trading volumes The Australian Carbon Exchange is expected to reduce transaction costs -- which are currently high in the over-the-counter secondary market -- convey transparent price and volume information and facilitate the development of innovative products, such as forward and swap carbon trades.
SOUTH KOREA DATA: September fuel oil exports halve on month amid lower domestic production The 650,000 b/d Hyundai Oilbank refinery at Daesan over September reduced marine fuel 0.5% output from approximately 140,000 mt/month to 100,000 mt/month amid a partial scheduled turnaround of its vacuum residue desulfurisation unit, according to a company source.
China to allow transfer of fuel oil export quotas to gasoline, gasoil, jet fuel: sources After the approval, the Ministry of Commerce is likely to issue about 1 million mt of fuel oil export quotas for the rest of the year, the sources said.
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
