TTB 2021 sees record attendance second year in a row Setting a new record for the event, almost 500 participants took part in Marine Log's TTB 2021 - Tugs, Towboats & Barges conference. This was the second virtual presentation of TTB. A
Grand Bahamas Shipyard completes major steel renewal project Grand Bahama Shipyard Limited (GBSL) has recently completed major steel renewal work on StarBulk's 93,186 gt bulk carrier, Star Janni. With a close proximity to the U.S. East Coast, as well as
Silverstream system demonstrates 5.1% energy savings on Grimaldi newbuild London-headquartered Silverstream Technologies reports that its hull air lubrication system (ALS) has demonstrated significant fuel and emissions savings during testing on Grimaldi Group's newbuild RO/RO vessel Eco Valencia. The Silverstream technology, which
Five UN agencies call for seafarer vaccine prioritization The heads of five UN organizations have called for maritime and air transport workers to be prioritized for COVID-19 vaccination, given their key role in supporting global trade and mobility, which is
World's first zero-emission bulker to debut in 2024 Trondheim, Norway, headquartered family-owned shipowner Egil Ulvan Rederi has been awarded a contract to build what is claimed will be the world's first zero-emission bulk carrier. The 88-meter, 5,000 dwt self-unloading vessel
Suez blockage: Hopes are that dredging can free Ever Given S&P Global Platts this morning reported Japan's Shoei Kisen Kaisha, the owner of the Ever Given, as saying that it hoped that the giant ship could be refloated Saturday evening local time.
Closing the safety gap in an era of transformation A DNV white paper, Closing the Safety Gap in an Era of Transformation, warns of a looming safety gap between...
Bigger ships create bigger problems One of the world's largest containerships wedged athwart the Suez Canal has offered the shipping industry a timely reminder that...
Wilhelmsen eyes hydrogen and offshore wind in renewables push Chief executive Thomas Wilhelmsen wants to position the company at the forefront of the energy transition and expects acquisitions and...
The week in charts: Suez drama | Boxship bonanza | Zim's stellar performance Shipping hit the headlines globally this week after a grounded Evergreen containership ground Suez Canal trade to a halt, as...
Navios chief Frangou keeps faith in steel Navios Partners is close to closing a merger with Navios Containers that will create an 85-ship fleet and vastly expand...
Shipping is tough enough to endure the Suez closure The Ever Given grounding will disrupt a supply chain already stretched by the pandemic, and have cost implications for ships...
Green groups dismayed as IMO sidesteps Arctic black carbon limits The IMO's pollution subcommittee failed to agree on measures to control black carbon emissions from shipping in the Arctic, to...
Bulker sales heading for a record As many as 279 bulkers have changed hands so far this year, compared with a total of 794 in the...
Asia-US east coast rates ramp up amid Suez blockage 'The price movement indicates a carrier's expectation on the demand-and-supply picture for that time period. Of course, now the impact...
The Lloyd's List Podcast: Shipping's super-sized safety secret For several years there have been warnings that the ballooning size of boxships has been outpacing the industry's ability to...
Brazil congestion sparks lift in dry bulk freight rates Lloyd's List Intelligence data shows that at least 56 bulkers are waiting in Ponta da Madeira anchorage, while 54 are...
Container lines avoiding Suez turn to long route to Asia for backhaul HMM has turned an ultra-large containership around to avoid entering the Mediterranean. The vessel and its sister ship will now...
Sanguinetti stepping down at UK Chamber of Shipping UK Chamber's chief executive to leave in six months
Asia is becoming key LNG battleground Asia is refusing to follow in Europe's footsteps as the latter tries to completely choke off LNG projects from the...
Evergreen signs 20-ship order with Samsung Heavy The price tag suggests these are vessels equipped with conventional propulsion systems. Combined with exhaust gas scrubbers, this vessel type...
Daily Briefing Free to read: Almost all Suez tailback vessels likely lack cover for delays | Suez blockage extends as salvors fail to...
Yemen's partial reopening of key port praised by US The United Nations is warning about the dire situation in the Yemen, especially concerning the lack of fuel
Panamax and supramax freight rates may enjoy Suez boost Total congestion outside both canal entrances has soared, with Lloyd's List Intelligence showing about 46 bulk carriers awaiting transit through...
Suez Canal crisis: Here are the cargoes in the crossfire The longer the Suez saga continues, the greater the container, tanker and dry bulk shipping impacts. There could be big losers - and winners.
CMA CGM, the ocean carrier that flies, adds US cargo destinations Welcome aboard, freight customers. You're now flying CMA CGM to the U.S. East Coast instead of taking a container ship.
WHO urges front-of-line vaccinations for seafarers, aircrews Trade is bottled up around the world and part of the problem is the difficulty in getting seafarers and pilots back and forth across borders.
Everybody wants to talk - or laugh - about Suez Canal crisis Additional dredgers have been brought in to help dig out the 20,000-TEU Evergreen Marine container ship.
TENDER DATA: Japan's Cosmo sells LSFO, slurry oil for H2 April from Chiba The company last sold 28,000 mt of low sulfur fuel oil with the similar specifications, loading from Chiba over March 15-17, to an unknown buyer at a single-digit premium to MOPS Marine Fuel 0.5%S assessment, and 12,000 mt of slurry oil with the similar specifications at a single digit-discount to MOPS Marine Fuel 0.5%S assessment, FOB, S&P Global Platts reported previously. The buyer was unknown.
Singapore April ex-wharf marine fuel premium dip on month on lackluster upstream market Singapore ex-wharf marine fuel 0.5%S bunker premium for April-loading product has tapered off as compared to March due to a lackluster sentiment in the upstream Singapore marine fuel 0.5%S cargo market on ample supply amid a lack of incremental demand.
BUNKERWORLD INDEX: Prices fall as COVID cases in Europe rise The Bunkerworld 0.5%S bunker fuel pricing index ended March 25 at $484/mt, a drop of 4/mt on the day, $26/mt on the week, and $30/mt on the month.
SINGAPORE DATA: Residue stocks slip 2.4% March 18-24 on higher exports Singapore's commercial onshore residue stocks slipped 2.4% week on week at 22.311 million barrels, or 3.51 million mt, in the week to March 24 due to higher exports, coupled with lower imports, the Enterprise Singapore data released late March 25 showed.
Asian LR2 tankers flip to premium as Suez Canal disruption lingers: sources Long Range2, or LR2, clean tankers rates across Asia have flipped to a premium in Worldscale points over the LR1s for the first time in 10 weeks as supply tightens and uncertainty rises over the delays for ships to cross the Suez Canal, market participants said.
First LNG bunkering in Gibraltar completed by Shell The first LNG bunkering operation to take place in the Port of Gibraltar recently took place between a Shell chartered LNG bunker vessel and a Sovcomflot operated tanker, the Gibraltar Port Authority has announced.
Argentina's IEASA to enter hydrogen, lithium sectors on demand growth expectations Argentina's state-owned IEASA said it will enter the hydrogen and lithium businesses, building on its traditional role as the country's main natural gas importer, on the bet that demand for these products will grow in the transition to a carbon-neutral energy future.
ARA fuel oil stocks fall 1.5% on week to 1.716 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region edged down 1.5% to 1.716 million mt in the week to March 25, according to data from Insights Global, following a slight increase of 2.3% the previous week.
OIL FUTURES: Crude rallies 4% amid Suez disruption, tighter H1 supply outlook Crude oil futures settled 4% higher March 26, clawing back most of the prior session's losses as the market eyed an extended disruption in the Suez Canal and the likelihood OPEC would hold back supply amid pandemic-weakened demand outlooks.
More container ships opt for Cape of Good Hope transit: cFlow The HMM Rotterdam, an ultra large container ship has turned south on its voyage Eastbound from Europe 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 to reopen, data from S&P Global Platts trade flow software cFlow showed March 26.
LPG trade sees little impact from Suez Canal blockage Only a handful of Very Large Gas Carriers transit the Suez Canal carrying LPG from North Africa, North West Europe and the US to Asia, largely relying instead on the Panama Canal, Persian Gulf and Cape of Good Hope to move cargoes, limiting the impact of the stranded container ship blocking the waterway, trade and shipping sources said March 26.
Embargoed products in commodity markets S&P Global Platts wishes to clarify that a seller may not assume that a buyer has the obligation to buy embargoed materials, as laws stating that nationals from specific countries may not buy products from embargoed countries may prevent market participants from lawfully executing transactions.
Bangladesh April HSFO imports likely to rise to 400,000 mt on higher temperature Bangladesh is likely to import around 400,000 mt of high sulfur fuel oil in April, up from 350,000 mt in March, to meet increasing demand to run power plants as the country has started experiencing heat wave, Imran Karim, president of Bangladesh Independent Power Producers' Association, told S&P Global Platts March 24.
Far East Russia's Sakhalin Blend, Sokol crude premiums hit 8-month high Spot cash premiums for Far East Russia's Sakhalin Blend and Sokol crude oil grades have risen to 8-month highs in March, as a wide Brent-Dubai spread as well as the grades' short-haul shipment to North Asia spurred demand from the region's refiners, market sources told S&P Global Platts.
REFINERY NEWS ROUNDUP: Independent plants in China postpone works on high runs China's independent refiners lifted their average utilization run rate to a record high of 79.3% in February, encouraged by robust refining margins and a gradual rebound in demand for gasoil and gasoline after the Lunar New Year holiday period, data from JLC showed.
PetroChina targets to meet "near zero" carbon emissions by around 2050 PetroChina, China's top oil company by asset, has set a target to meet "near zero" carbon emissions by around 2050, ahead of China's 2060 target, company chairman Dai Houliang said late March 25.
OIL FUTURES: Prices firm as Suez Canal blockage enters fourth day Oil prices strengthened in early trading in Europe on March 26, as the Suez Canal blockage ran into its fourth day, with the owners of the Ever Given targeting that the grounded vessel could be refloated by the night of March 27. Market analysts said that the broader short-term oil demand picture remains weak.
East of Suez ULSD shipments to Europe set at 510,000 mt in March, Suez transit dependent: cFlow Around 510,000 mt of East of Suez ULSD is set to arrive in Europe in March, including around 220,000 mt sent in the seven days to March 26, according to cFlow, S&P Global Platts trade flow software.
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