Timme takes command of USCG 8th District At a ceremony held today at the Port of New Orleans, Rear Adm. John P. Nadeau transferred command of the Coast Guard 8th District to Rear Adm. Richard V. Timme. As the
Transport Canada ballast water regs slammed as "half baked" The Ottawa, Canada, headquartered Chamber of Marine Commerce doesn't like new ballast water regulations released by Transport Canada. In fact, Its president and CEO, Bruce Burrows, calls them "a half-baked solution." The
Pilots set to bring larger vessels into Houston Ship Channel Houston pilots have taken the first step towards bringing larger vessels to the Houston Ship Channel, port chairman Ric Campo told Port Houston when it met virtually in regular session on Tuesday.
Cyprus to vaccinate all seafarers on flagged and managed vessels The Cyprus Shipping Deputy Ministry (SDM) is marking the Day of the Seafarer by issuing a circular that outlines plans to provide COVID-19 vaccinations to all seafarers on Cyprus-flagged and Cyprus-managed vessels.
Fraser Industries has a new owner One of America's best known Great Lakes shipbuilders has come under new ownership. Superior, Wis.-based Fraser Industries LLC has been acquired by Infrastructure Acquisition Partners LLC, a joint venture between Norway's Cleaves
VIDEO: IMO Sec Gen calls for "fair future for seafarers" For a second year in a row, IMO's Day of the Seafarer is being marked as hundreds of thousands of seafarers continue to face restrictions as a result of the COVID-19 pandemic.
Konecranes launches new generation of mobile harbor cranes In the first comprehensive revamp of Konecranes Gottwald's mobile harbor crane portfolio in 15 years, Konecranes has launched its sixth generation of mobile harbor cranes. The company, has worked closely with customers
Will California open up the Golden Gate for floaters? U.S. offshore wind development is picking up pace, with the Biden administration doing everything open to it to remove kinks from the regulatory pipeline. With multiple Atlantic Coast projects moving along, the
The Week in Charts: Leaked EU Fuel plans | Bulker orders | Yantian Port logjam A leaked draft of the EU's multi-pronged plan to force shipping towards greener fuel choices confirms the worst fears of...
Cyprus unveils plan to vaccinate 40,000 seafarers Vaccines will be administered by qualified medical staff to crew members on board Cyprus-flagged ships irrespective of the location of...
Greek banks buck trend of declining lending Five Greece-based banks and three Cyprus-based lenders, all focused on the Greek market, increased their combined loan portfolio by 19.8%...
This Day of the Seafarer, cut the crap and get the crews home What is the value of sounding ships' horns in solidarity with seafarers if the powers that be are not even...
Digital supply chains face real-world challenges Ports provide a "centrifugal force" for information. But sharing that beyond the port gates requires standards and platforms to be...
Vaccines and crew change overshadow Day of the Seafarer Shipping's usual tributes and calls to action on Day of the Seafarer were overshadowed by frustration that years of platitudes...
Investment returns won't subsidise underwriting losses Owners can expect a third successive year of high single digit price hikes on P&I cover and will also be...
The Lloyd's List Podcast: A fair future for seafarers? IMO secretary-general Kitack Lim joins the podcast this week to reflect on why the industry has struggled to resolve the...
SSY launches carbon offset service Launch of SSY's online client portal focusing on the carbon markets coincides with the launch next month of EEX's Carbon...
Buoyant liner business propels Inchcape Inchcape's focus is on nurturing long-term relationships with principals based on first-class communication
Impact of pandemic on crew change hits Chinese seafarers Owners have been more willing to facilitate crew changes since the second half of last year when freight markets started...
Daily Briefing Free to read: Leaked EU fuel plans confirm industry fears and rile green lobby | Singapore yard merger talks begin...
Supramax earnings surge to 11-year high The tightness and lack of vessel availability in the containership market, which is pushing certain products such as bagged grains...
Seaspan extends charter hires with Cosco for 17 boxships The three-year extension includes two vessels whose charters were scheduled to end in 2021, 13 vessels due in 2022 and...
Biden's infrastructure deal reduces allocation for US ports Biden: 'We're in a race with China and the rest of the world - this agreement signals to the world...
Rogue vehicle narrowly misses cargo planes at LAX No one was injured when a man drove his car through the FedEx fence at LAX and proceeded to zoom around the runway.
FedEx taps Boeing for 20 more 767 freighters Greater package volumes are dictating FedEx's purchase of 20 more cargo jets.
Dachser Mexico expands trade with LCL service to Brazil Less-than-container load service will run weekly from the ports of Altamira to Santos.
JFK Airport to get first new cargo facility in 20 years JFK Airport is boxed in by the city, so expanding cargo facilities isn't easy. A partial solution is on the way, which means goods can...
Freeport LNG operating normally after seventh unplanned unit shutdown in June One of Freeport LNG's three trains shut down due to a compressor trip, the second brief unplanned outage in a week and the seventh month-to-date, based on Texas air emissions reports.
May middle distillate output jumps 6% on year to 17.04 mil mt China's total output of middle distillates rose 5.81% year on year to 17.04 million mt in May, latest data from the National Bureau of Statistics showed. For January-May, total output was up 4.35% on the year at 81.72 million mt.
European jet imports from East of Suez in July above 1 million mt: Platts cFlow Jet fuel coming to Europe from East of Suez producers in July totaled 1.050 million mt so far, according fixtures from shipping sources and cFlow, Platts trade flow software on June 25.
May oil products demand slips as rising pump prices deter gasoline buyers South Korea's oil products demand in May slipped 2.4% from a year earlier as automotive fuel consumption retreated slightly due to high retail prices, data released by Korea National Oil Corp. showed June 25.
European 0.1% heating oil market shrinking amid push to desulfurization New regulations overseeing the use of various types of heating oil in Northwest Europe look set to further shrink its 0.1% sulfur gasoil market, as the region continues its push toward lower sulfur alternatives, with the Netherlands, Belgium, and Germany already having banned 0.1% material for heating outright.
Middle distillate stocks jumps to 5-week high on tepid demand Singapore's commercial middle distillate stocks for the week ended June 23 jumped to a five-week high on demand uncertainty arising from a resurgence of COVID-19 cases that has prompted lockdowns and movement restrictions across the region.
Light distillates cracks up on demand, middle distillates cracks see pressure Re-emerging gasoline demand has provided support for European light distillates markets, with petrochemicals demand further tightening naphtha, while increasing refinery runs and a slower pick-up for diesel and air travel have put pressure on middle distillates.
Small refinery exemption decision boosts US jet differentials US jet fuel differentials continued to exhibit an inverse relationship with the Renewable Obligation Volume cost at the close of the week, as the Supreme Court's decision on small refinery exemptions handed a win to the oil and gas industry on June 25.
Med bunker fuel market under pressure from weak demand, closed arbitrage to Singapore Bunker fuel values in the Mediterranean market are coming under further downward pressure as local summer demand fails to emerge while arbitrage opportunities to the East remain limited, according to trade sources.
USGC HSFO reaches two-year high US Gulf Coast HSFO reached its highest level in more than two years June 25 on a stronger paper market despite consistent market fundamentals, sources said.
US product prices slide as Supreme Court upholds small refinery exemption NYMEX refined-product futures moved sharply lower in midmorning trading June 25 after the US Supreme Court ruled in favor of the small refinery exemption to the federal Renewable Fuels Standard.
German Heide refinery targets 300 MW electrolyzer by end-2025 Germany's Heide refinery aims to scale its 30 MW electrolyzer project to 300 MW by the end of 2025, with related projects already selected for state aid, Heide CEO Juergen Wollschlaeger told S&P Global Platts.
Brazil's ANP approves Enauta takeover of Atlanta Field: company Brazil's National Petroleum Agency, or ANP, approved independent oil and natural gas producer Enauta's financial guarantees for the abandonment of the Atlanta Field, clearing the way for the company to assume 100% and complete planning for the field's definitive production plan, Enauta said June 25.
Global gas supply in 5-10 years may not be tight given shorter construction cycles: executives Global natural gas supply in the next five to ten years may not be as tight as market expected with shorter project construction cycles, which can have a significant impact on supply and demand fundamentals, participants at the 7th China LNG & Gas International Summit 2021 held over June 23-24 said.
Oil demand optimism bittersweet for global refining industry The oil refining industry could struggle to return to full health in the next couple of years as analysts predict that the oil demand recovery enables new plants to start outpacing closures bringing extra capacity to the beleaguered sector.
US Supreme Court reverses lower court's Small Refinery Exemption decision The price of complying with the US Environmental Protection Agency's Renewable Fuel Standard fell early June 25 after the US Supreme Court reversed a lower court decision, allowing small refiners to apply for an exemption after a lapse in application.
NYMEX product prices slide after high court decision prompts RINs selloff US refined product futures settled lower June 25 on the heels of a US Supreme Court decision to allow small refiners to apply for exemptions from the US Environmental Protection Agency's Renewable Fuel Standard after lapses in application.
ARA fuel oil stocks up 1.4% on week at 1.506 million mt: Insights Global The build in inventory levels for the second consecutive week was mainly due to limited arbitrage opportunities for fuel oil grades, particularly 0.5% sulfur marine fuel, and an uptick in refinery runs, according to sources.
BUNKERWOLRD INDEX: Fear of crude supply crunch supports bunker prices **Singapore bunker barge supply likely to tighten **Tight HSFO expected in Mediterranean **Brazilian VLSFO firming on wider product market sentiment
Japan's power utilities move to secure fuels with country set for hot summer **Fuel procurement plans stepped up after winter shortage **Moving early to build fuel oil inventories
PODCAST: Energy transition to reshape future oil trade flows and business models Ravinder Kumar Malhotra, Director General of the Federation of Indian Petroleum Industry, and Dave Ernsberger, Global Head of Pricing and Market Insight at S&P Global Platts, join Sambit Mohanty, Senior Asia Energy Editor at Platts, to exchange views on the potential growth of low-carbon oil flows and the influence of carbon pricing on oil markets.
SHIPPING: Agreement reached to release Ever Given, but cargo deliveries hinge on claims division **Signed agreement with ship's owner in the works **Charles Taylor likely to process GA adjustments
THAILAND DATA: May automotive diesel, heavy fuel oil exports rise; jet fuel slides Heavy fuel oil exports also rose 85.7% year on year to 74,733 b/d.
SINGAPORE DATA: Residue stocks dip 2% on week as fuel oil imports fall 18% **Fuel oil imports from Europe, Russia, Africa fall to zero in the week **Fuel oil exports edge 0.43% higher on sales to China, Hong Kong
OIL FUTURES: Crude ticks higher as market awaits OPEC meeting for fresh cues "The [OPEC] group is faced with some pressing issues as it reviews its production agreement," ANZ Research analysts said.
US LPG exports to Europe in June down 19% on month: Kpler In terms of origin, 341,000 mt were from the Gulf Coast.
Japan's Idemitsu to use Tokuyama for ammonia imports, co-burn test Idemitsu plans to co-burn ammonia with gas produced from an ethylene plant at the naphtha cracker furnace for its planned test at the Tokuyama complex.
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