Damen and Ampelmann enter the North Sea crew change market Getting into the vessel operation business, Damen Shipyards and walk to work (W2W) specialist Ampelmann have established a joint venture called OceanXpress. It will provide offshore crew change services in the North
Guice Offshore expands its fleet Madisonville, La., headquartered Guice Offshore (GO) has added three more vessels to its fleet. Guice is a U.S. flag leader in operating dynamically positioned mini supply and medium-sized multi-purpose vessels in the
Auckland to introduce its first two fully electric fast ferries Auckland, New Zealand, is aiming to operate an entirely electric fleet of passenger ferries by 2040, which is expected to save one million tons of CO2 annually. Initially, Auckland Transport will operate
P&I clubs forced to drop Sovcomflot. What's next? Lawmakers would be within their rights to order an end to insurance for vessels lifting Russian crude. But if they...
Large forwarders play down carrier threat Large global forwarders are unconcerned about container line moves into their business segment. But smaller operators are worried they are...
EU transport committee signals support for ETS changes European Parliament is determining its position on questions such as who should pay for the emissions trading scheme, its scope...
US position on Russian sanctions is far from clear-cut The US has followed its UK, Canadian and EU counterparts with restrictions on Russian-associated vessels in response to the invasion...
Euronav in boardroom battle with founder and biggest shareholder 'Conflicted' candidates are biased over Euronav future direction, says company, as Saverys family fight all-stock merger with rival tanker owner...
U-Ming expands fleet for Taiwan's offshore wind sector Taiwan-listed company buys two secondhand crew transfer vessels, as it waits for its newbuildings to be delivered in the second...
Shipping's carbon compliance challenge looms large Dragging shipping into the European Union's Emissions Trading Scheme will add red tape for companies, particularly smaller ones, but it...
Russian decision to halt gas exports likely to revive FSRU demand Europe, which has been diversifying its gas supplies away from Russia in response to the unwarranted invasion of Ukraine, will...
Euronav sells VLCC quartet for $198m and buys modern eco pair Euronav has sold a series of very large crude carriers as part of strategy to remove high fuel consumption vessels...
Container spot freight rates ease back further Uncertainty over economic recovery and China's lockdowns has seen a decline in volumes and rates to northern Europe. But longer-term...
Russian sanctions provide opportunity for Greek shipowners As oil exports from Russia head east, some of Greece's most prominent shipowners are picking up new business
China Merchants to double its LNG carrier fleet The orders would mark a significant expansion of CMES's LNG carrier fleet. Move comes as China still views natural gas...
Hapag-Lloyd upgrades earnings guidance Hapag-Lloyd has managed to keep its volumes on a par with last year's liftings. It has now raised its earning...
Hudong-Zhonghua wins $1.3bn LNG carrier order Chinese shipbuilder has outperformed its South Korean peer in securing new orders for LNG carriers so far this year. The...
Loss-making Scorpio Tankers in 17-vessel fire sale amid market turnaround Spot rates for medium tanker fleet have nearly doubled during April, says Scorpio, as volatility and trade disruption boost exports...
Fredriksen raises stake in tanker takeover target Euronav Terms of all-stock merger agreed by Frontline and Euronav boards up for discussion at May 19 annual general meeting
NYK orders third dual-fuel VLGC Dual-fuel very large gas carriers can potentially produce 95% less sulphur oxide and 20% less carbon dioxide, compared with NYK's...
Daily Briefing China tariff cut seen as prelude to more Russian coal imports | Spain blocks tanker over Russian cargo transfer |...
Cosco Shipping Ports chief Feng quits Hong Kong-listed port operator said it is in the process of identifying a candidate to fill the vacancy
IMF: Rising ocean shipping costs to bring wave of higher prices "Higher shipping costs hit prices of imported goods at the dock within two months and quickly pass through to producer prices - many of whom...
Canada's Cargojet quietly quadruples order for 777 freighters Cargojet last year announced an order for two passenger-to-freighter conversions of the Boeing 777 but was less public about buying six more of the aircraft.
SINGAPORE DATA: Residual fuel stocks drop 17% on week to near 7-month low on higher exports Singapore's residual fuel stocks dropped 17.1% week on week to 19.144 million barrels, or 3.01 million mt, April 21-27, Enterprise Singapore data showed late April 28, amid a leap in exports.
Bangladesh's HSFO imports to fall in May on lower demand, resumption of gas output Bangladesh is likely to reduce its HSFO imports in May by around 11.1% from April on the back of lower consumption during Eid-ul-Fitr holidays and resumption of natural gas production from the country's largest gas field Bibiyana, market sources said in the week started April 24.
PetroChina's oil and gas output rises 3% on year to 4.79 mil boe/d in Q1 PetroChina's oil and gas output rose 3.3% year on year to 4.79 million boe/d in the first quarter, the company's quarterly result showed on April 29, as Beijing called to stabilize domestic crude production and raise gas output.
Canadian Pacific cautious but hopeful of Mexico fuels transport business Canadian Pacific is cautious about the outlook of its cross-border fuels transport business, which has been hit by increased scrutiny in Mexico, but remains hopeful as some of its clients become more optimistic, the company said April 27.
BUNKERWORLD INDEX: Larger-than expected US gasoline stock draw firms prices Bunker prices strengthened in the week to April 28 as escalating tensions with Russia and a larger-than-expected drawdown of US gasoline stocks stoked supply concerns.
Primorsk May ULSD exports to drop 29.5% on month to 1.1 mil mt in May Exports of ultra low sulfur diesel from the Russian Baltic port of Primorsk are set to fall 29.5% on month to around 1.1 million mt in May, as Russian refiners reduce run rates amid downward pressure on margins, according to market participants April 29.
ARA fuel oil stocks rise 1.4% on week at 967,000 mt: Insights Global Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp region climbed for the third straight week to April 28, rising 1.4% to 967,000 mt following a slight increase of 0.6% in the previous week, Insights Global data showed.
Ukraine faces fuel shortages, expects fresh supplies Ukrainian regions are experiencing shortages of gasoline and diesel fuel due to recent missile strikes by Russia targeting fuel depots, First Deputy Prime Minister Yulia Svyrydenko said April 29.
BRAZIL DATA: March refined product sales advance 2.8% on year as demand recovers Brazil registered a 2.8% year-on-year advance in refined product sales in March amid strong demand for gasoline and jet fuel on greater urban mobility fueled by a broad retreat in coronavirus infections, the National Petroleum Agency, or ANP, said April 29.
BRAZIL DATA: March crude exports slide, product imports rise on year Brazil's crude oil exports retreated year on year in March amid greater domestic refining by state-led oil company Petrobras, while refined-product imports advanced amid record-setting imports of base oils and lubricants, the National Petroleum Agency, or ANP, said April 29.
OIL FUTURES: Record-high diesel futures swing lower right before May expiry Record-high NYMEX ULSD futures continued their surge for most of April 29 before plunging back down prior to the expiry of the May contract.
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