Royal Caribbean breaks industry silence on Omicron impact Royal Caribbean Group has become the first major cruise ship operator to release a statement on the impact of the Omicron coronavirus on its business-and on the number of cases reported aboard
Southern California ports again delay container dwell fee penalty The fast-spreading Omicron variant of Covid-19 could bump up inbound container traffic even more
Pacific Carriers chief to lead Singapore Maritime Foundation Alongside Hor, several leading figures of the local shipping communities, including Eastern Pacific Shipping chief executive Cyril Ducau, have also...
Euroseas wins boxship charters at stronger rates Chairman and chief executive Aristides Pittas says Euroseas expects to 'continue benefiting' from the strong charter market as it lines...
LA port pressures ocean carriers to remove empty containers faster Port of Los Angeles is going vessel operators to clear out empty containers or else face big fines.
OIL FUTURES: Crude continues rally as 2021 nears its end Crude oil and refined products futures continued to rally Dec. 30 amid thriving stock market indices and rising optimism that the omicron variant surge will not disrupt oil demand as much as previous coronavirus spikes.
INDIA DATA: Nov gasoil output rises 4% on month to 8-month high India's gasoil production rose 3.78% month on month to an eight-month high of 9.47 million mt in November, preliminary data from the Petroleum Planning and Analysis Cell showed in the week of Dec. 27, amid a broad recovery in regional demand.
FEATURE: Election will force White House to keep pragmatic message on US oil supply The Biden administration started 2021 with an oil and gas leasing moratorium that put US drillers on notice about shrinking opportunities ahead. The message is quite different heading into 2022.
China issues first batch of oil product import quotas at 12.65 mil mt for 2022 China's Ministry of Commerce has issued 12.65 million mt of oil product import quotas in the first batch for 2022, sources with knowledge about the matter said on Dec. 30.
FEATURE: Russian refiners focus on upgrades to meet surging demand The unusually strong domestic demand for gasoline and diesel seen since last summer was driven by an increase in domestic tourism due to restrictions on international travel amid the coronavirus pandemic.
INDIA DATA: Jet fuel output up 45% on year in Nov, highest since April 2020 India's jet fuel output was last higher at 1.13 million mt in March 2020, and the November figure marked a fourth straight month of increase since July, when COVID-19 woes forced Indian refiners to cut production to a nine-month low of 604,000 mt.
CRUDE MOC: Sour complex edges up as focus turns to next cycle The allocation of the first batch of crude import quotas for 2022 to the private refining sector in China Dec. 30 brought greater clarity on demand from Chinese independent refineries in the first quarter of the year, sources said.
S Korea's move to establish ECA to have little impact on LSMGO demand: sources South Korea decided to establish an Emission Control Area and implement the 0.1% sulfur limit fuel rule in stages from September 2020 and fully from January 2022.
AUSTRALIA DATA: Oct crude exports rise 19% on year amid strong sales to Singapore, South Korea Singapore was the destination for almost half of total at 4.6 million barrels, compared with none a year earlier.
TENDER DATA: India's MRPL sells marine fuel for end-January loading MRPL is a regular exporter of marine fuel 0.5%S from its Mangalore refinery. The company last sold 40,000 mt of marine fuel 0.5% loading over Dec. 10-12 to BP, S&P Global Platts reported earlier.
INDIA DATA: Gasoline exports hit five-month high in November, imports tumble India's gasoline imports fell 92.20% on the month and 79.21% on the year to 32,000 mt in November, marking a three-month low, the PPAC data showed.
INDIA DATA: Nov gasoil exports fall 4% from Oct on closed arbitrage India's gasoil exports had been firm for several months due to lower domestic demand amid a tilt toward hydropower generation during monsoon season, but the closure of East-West arbitrage lanes has put a dent in the outflow, sources said.
FEATURE: Bullish voluntary carbon markets expected in 2022 on supply crunch 2021 was a bumper year for voluntary carbon credits, with CORSIA-eligible carbon (CEC) credit prices increasing 840% since January.
Iraq's Gharraf oil field drilling operations normal after attack: China's ZPEC Zhongman Petroleum and Natural Gas Group, or ZPEC, which runs oil drilling projects in Iraq, said in a statement that a rocket attack near its base on Dec. 28, which was about 200 meters away from the company's project base in Gharraf, and a live ammunition attack did not cause any casualties or property losses.
China issues 107.4 mil mt in first batch crude import quotas for 2022 This is the first year-on-year reduction in the first batch crude quota allocation and comes amid the government's stricter supervision of refineries operation, weighting on China's crude imports in the first half of 2022.
Singapore delivered, ex-wharf 380 CST HSFO bunker spread at 3-month high Ample stockpiles of 380 CST HSFO at the world's largest bunkering hub of Singapore have weighed on spot ex-wharf premiums, whereas demand for the delivered grade remains firm, traders said.
SOUTH KOREA DATA: Nov middle distillates output down 4.7% on month South Korea's middle distillates production in November was 4.7% lower month on month but up 4.2% year on year to 40.33 million barrels, Korea National Oil Corp. data showed. a
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