Ida slams into the Gulf Coast: How long will recovery take? Though Hurricane Ida has now been downgraded to a tropical storm, the National Hurricane Center issued an advisory at 1.00 p.m. CDT today that made it clear that, as Ida moves north-northeastward
OHT heavy lift ship completes tricky balancing act Norwegian specialist transportation and installation contractor OHT has released details of a challenging contract earlier this year that saw its semi-submersible heavy lift ship M/V Hawk doing a 40-day balancing act with
White House taps Porcari for supply chain task force role John D. Porcari, who served as the Obama administration's Deputy Secretary and Chief Operating Officer of the Department of Transportation, has been named as Port Envoy to the Biden administration's Supply Chain
Lake Pilots order RIB launch Somerset, Mass., based Gladding-Hearn Shipbuilding, Duclos Corporation, has taken an order for a rigid-bottom, soft-sided RIB pilot boat from the Lake Pilots Association, Huron, Mich. The Resilient class high-speed launch will be
Daily Briefing Maersk is taking welcome gamble on carbon-neutral boxships | Box shipping: It's not for everyone | Lloyd's List Podcast: Why...
Nigerian refinery to have 'major impact' on tanker market Poten's Erik Broekhuizen said that the Dangote refinery will dramatically change the crude oil and refined product balances in Nigeria and...
California port pileup shatters record and imports still haven't peaked More container ships are stuck at anchor off California than ever before. The gridlock is about to get even worse.
Discount duress: Dollar Tree says high freight costs will dent earnings Discount chain Dollar Tree expects the positive impact from heightened consumer demand to be totally offset by elevated transportation expenses this year.
USGC bunkers market sentiment mixed on New Orleans closure post Ida US Gulf Coast spot bunkers markets will be monitoring the port of New Orleans this week in the wake of Hurricane Ida marking landfall, with expectations for re-opening mixed among local players.
Singapore delivered marine fuel 0.5%S bunker differential narrows to near 8-month low The Singapore-delivered marine fuel 0.5%S bunker differential against the 380 CST high sulfur fuel oil delivered assessments narrowed to a near eight-month low of $87/mt on Aug. 27, Platts data showed, amid firm Singapore-delivered 380 CST HSFO premiums, which diverted Singapore's bunker fuel demand to Fujairah.
South Korea's high sulfur bunker premium slumps to 5-year low on ample supply, strong Singapore cargo values An ample supply of 380 CST high sulfur bunker fuel in South Korea and strong Singapore high sulfur fuel oil cargo values have led South Korea's bunker premium to a 5-year low of $12.89/mt on Aug. 27, Platts data showed.
Asia residual fuels: Key market indicators for Aug 30-Sep 3 Asian residual fuel markets started the Aug. 30-Sept. 3 trading week on a steady to firmer note on more bullish signals from upstream October ICE Brent futures, with indications across the fuel oil complex higher compared to the Aug. 27 assessments.
Asia crude oil: Key market indicators for Aug 30-Sep 3 Crude oil futures ticked higher in mid-morning Asia trade Aug. 30, even as spot trading activity is expected to mellow in the week of Aug. 30-Sept. 3 as the market shifts its focus to the trading of November-loading cargoes, while traders eye the upcoming OPEC+ meeting for fresh supply cues.
Norwegian product tanker group Hafnia sees positive shift in fundamentals into Q4 Norway-listed tanker group Hafnia said Aug. 30 that it had been buffeted by a soft market in the second quarter, leading to the posting of a net loss during that period, but added that it saw conditions improving into the final quarter of the year as fundamentals shifted to the positive.
INDIA DATA: July fuel oil exports rise 50% as low sulfur fuel oil sales increase Fuel oil exports in July increased 50% month on month to 299,000 mt, according to the latest data released by India's Petroleum Planning and Analysis Cell, amid a rise in sales from refiners who skipped sales in June.
OIL FUTURES: RBOB rally extends amid Colonial Pipeline outage NYMEX RBOB futures moved higher Aug. 30 as the closure of the Colonial Pipeline ahead of Hurricane Ida threatened to stress already tight gasoline supply.
OIL FUTURES: Crude, refined products climb as market eyes storm-battered USGC infrastructure Crude and refined product futures settled higher Aug. 30 as the market assessed the impacts of Hurricane Ida on US Gulf Coast energy infrastructure.
AMERICAS BUNKERS: Key market indicators Aug. 30-Sept. 3 NYMEX RBOB futures moved higher Aug. 30 as the closure of the Colonial Pipeline ahead of Hurricane Ida threatened to stress already tight gasoline supply.
OPEC+ faces mixed market signals after US pressure to increase oil supplies Beyond 2021, both OPEC and the IEA have forecast significant oil surpluses starting in the first quarter of 2022.
Producers shut in close to 90% of volumes; refiners close plants ahead of Cat 4 Hurricane Ida Close to 4.4 million b/d of operating refinery capacity is in the path of Ida.
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