LCS 28 completes acceptance trials Austal Limited (ASX:ASB) reports that the future USS Savannah (LCS 28) has successfully completed acceptance trials in the Gulf of Mexico. LCS 28 is the 14th Independence-class Littoral Combat Ship (LCS) built
GAO: U.S. Navy sailors still not getting enough sleep Following the fatal collisions with civilian ships involving the USS Fitzgerald and the USS John S. McCain in the summer of 2017, the U.S. Navy found that sailor overwork, fatigue, and training
Maersk Supply in AHTS battery conversion first Copenhagen-headquartered Maersk Supply Service has ordered a battery pack for one of its M-class anchor handling tugs supply (AHTS) vessels. While the addition of battery packs has become well proven in the
Royal Caribbean gets go ahead for first CDC approved revenue cruise from U.S. Royal Caribbean Group (NYSE: RCL) said yesterday that it had received approval to resume sailings from the United States after more than a year of suspended operations during the COVID-19 pandemic. On
Shell Shocked: Why a tumultuous week for Big Oil is a turning point for shipping Shell's court-ordered emissions cut and the Green coup at the hands of activist investors at ExxonMobil and Chevron this week...
Governments agree new CO2 reductions but only until 2027 The IMO's working group on greenhouse gases has decided that ships must improve their annual CO2 intensity by 2% annually...
Climate change among shipping's top security threats Failure to adapt to climate change is one of the biggest security threats to ports and shipping, a webinar has...
The Lloyd's List Podcast: Why we shouldn't dismiss shipping's Black Trail 'How shipping pollutes the planet, avoids taxes, dodges regulations, and gets away with it' - is the eye-catching strapline to the...
Is this the golden age for shipping entrepreneurs? A post-Covid surge in start-ups is expected, fuelled by abundant tech funding and targeting an ample supply of industry problems...
Higher US LPG exports bode well for VLGC segment Avance Gas expects higher volumes available for export from the US this year. Already, incremental cargoes have made their way...
The week in charts: Shell's carbon conundrum | VLCC newbuild spree | Demand frenzy drives box rates to further highs Landmark court ruling sees Anglo-Dutch energy Shell major faced with prospect of cutting carbon emissions by some 45% by 2030...
Australia bans bulker for three years This is the second bulker owned and managed by the two companies to be blocked from entering Australian ports in...
Three missing after Japanese ro-ro collision with chemical tanker The Japan-flagged, 2020-built Byakko collided with the 2016-built, Marshall Islands-flagged tanker Ulsan Pioneer off the coast of Ehime Prefecture, western...
Boxships dominate newbuilding contracting Orders across all sectors in the first five months of the year are only just behind the full-year total for...
Heavy weather ahead: How to prepare the ship for climate change Sometimes ships will be hit by heavy weather. When cargo is lost or damaged, P&I insurers will need as much...
Container demand frenzy sends rates to new highs, again Carriers still hold all the cards in both spot and contract rate setting. Few options appear open to hard-pressed shippers
X-Press Pearl clean-up under way as blaze 'contained considerably' Sri Lanka's government started cleaning up chemical debris from the fire-stricken X-Press Pearl as the blaze reached its eighth day
Daily Briefing Free to read: DNB warns of high investment risk of ordering ships | BIMCO's new president pledges to raise shipping's...
Yantian Port delays entry for export containers Meanwhile, the rising crew infections on board vessels reported by Chinese ports are said to have disrupted local bunkering services
Port of Los Angeles eyes record throughput 'I think 10m is going to be the stepping stone to 11m and 12m and 15m beyond that, because we...
SITC orders eight boxships at Dae Sun SITC says the orders will enable it to 'expand its self-owned fleet of container vessels to meet the increase in...
Viewpoint: The causes of port congestion - and tactics to improve efficiency Rather than awaiting national-level solutions to trade imbalance and demand surges, shippers and carriers should act now to modernize operations across the supply chain.
China conundrum: US companies advised to prepare for political risk Doing business in China is tricky and companies could get sucked into the political quicksand, so best to have an exit strategy to avoid reputational...
Golden Ray wreckage removal operation a go again A mid-May blaze inside the roll-on/roll-off vessel was just the latest incident that halted removal of the Golden Ray, which capsized in September 2019.
Ship carrying auto parts sinks off Japan coast A search is ongoing for three missing crew members from a roll-on/roll-off vessel that sank after colliding with a tanker.
Cargo-in-cabin innovation remains popular for some airlines Overhead bins, seat bags and seat removal are among the innovations airlines started during the COVID pandemic to move more cargo while few passengers are...
ESB, dCarbonX sign MOU on Irish offshore green hydrogen storage Ireland's ESB and energy storage developer dCarbonX have signed a memorandum of understanding to assess and develop offshore renewable hydrogen subsurface storage offshore Ireland, the companies said May 26.
OIL FUTURES: NYMEX futures slide as traders book profits ahead of US holiday weekend A late session slide pushed NYMEX oil prices to settle in negative territory May 28 as traders booked profits ahead of a long holiday weekend for US markets.
SOUTH KOREA DATA: April oil products demand rises for third straight month South Korea's oil products consumption rose 5% year on year in April, increasing for the third consecutive month, Korea National Oil Corp. data showed May 28, as transportation fuel consumption continued to recover following the rollout of a nationwide vaccination program.
NWE gasoline exports to West Africa rise as demand increases Gasoline exports from Northwest Europe and the Mediterranean destined for West Africa have risen to their highest level since late March, as buying interest picks up in the region.
Marine fuel 0.5%S rises steeply in Colombia in a month of social protests and blockades A month of social unrest has led to a sharp increase in marine fuel 0.5%S pricing in Colombia, as road blockades have been an obstacle to transport feedstocks to the country's ports.
BUNKERWORLD INDEX: Prices rise but regional bunkers market see weak fundamentals Bunker prices edged higher May 27 as positive demand outlook from the US economic data overshadowed expectations that OPEC+ production cuts are likely to ease.
Platts includes New Global in Singapore Marine Fuel 0.5% MOC from May 17 S&P Global Platts has included the New Global vessel as an additional loading point in the FOB Singapore Marine Fuel 0.5% assessment process from May 17, 2021.
Belarus may suspend high-octane gasoline supplies to Ukraine Belarus oil company BNK may suspend supplies of high-octane gasoline to Ukraine in June, industry sources said May 28.
European high sulfur fuel oil market picks up in North, weaker in Med High sulfur product in the Mediterranean region was experiencing low demand, while availability in the North had been tighter, European fuel oil traders said.
SINGAPORE DATA: Residual fuel stocks fall to 2-month low amid pickup in exports Registering its third consecutive weekly decline, Singapore's residual fuel stock levels were at a two-month low 22.88 million barrels, or 3.6 million mt, 8.35% lower on the week, Enterprise Singapore data for the week ended May 26 showed, following a post-holiday pickup in fuel oil exports.
Northwest European and Mediterranean diesel markets balance Northwest European and Mediterranean ultra-low sulfur diesel market pricing has reached parity amid lower-than-normal demand in the Mediterranean and healthy stock levels in Northwest Europe.
UK energy regulator Ofgem sets out role in building a hydrogen economy UK gas and electricity sector regulator Ofgem has laid out its role in supporting the development of low-carbon hydrogen in the government's Green Industrial Revolution plan, focusing on hydrogen for heat, blending into the natural gas grid and the energy carrier's use in decarbonizing industrial clusters.
Asia petrochemical makers eye $60/mt propane-naphtha discount before switching feedstock North Asian petrochemical makers are waiting for the usual arbitrage to reopen to resume eastbound US LPG flows after the cancellation of multiple June-loading cargoes, and for the propane-naphtha discount to deepen further, before switching to LPG as feedstock, traders and end-users said.
SINGAPORE DATA: Middle distillate stocks hit 1-year low on export demand Singapore's commercial stocks of middle distillates tumbled to a more than one-year low over May 20-26 at 12.45 million barrels, amid healthy drawdowns of gasoil and jet fuel which pushed inventories below the 13-million-barrel mark.
Belarus seeks oil deliveries from Kazakhstan
TENDER DATA: India's Nayara offers VLSFO for end-June loading
COVID-19 state of emergency extension set to slow Japan gasoline demand
CHINA DATA: State-run refineries utilization rate recovers to 80% in May
TENDER DATA: S Korea's GS Caltex sells 500 ppm sulfur gasoil for June loading
South Korea bunker supply tightens as SK Energy cuts production in May: sources Some ships went to China, where 0.5%S bunker prices were lower. Also, when the ships route included both Japan and South Korea, the preference has been for bunker fuel from Japan due to lower prices, market sources said.
REFINERY NEWS: China Wepec to cut June oil product exports by 43% on month
THAILAND DATA: April automotive diesel exports grow 42% on month
REFINERY NEWS ROUNDUP: Runs in China, Japan affected by maintenance
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