Ukraine: "Warlike Operations Areas" for seafarers designated The Joint Negotiating Group (JNG) of maritime employers and the International Transport Workers' Federation (ITF) have designated areas in the Black Sea and the Sea of Azov as "Warlike Operations Areas," triggering
MARAD: $25 million available for America's Marine Highway Program The U.S. Maritime Administration (MARAD) today announced the availability of $25 million in funding for the America's Marine Highway Program (AMHP), which supports the development and expanded use of America's navigable waterways.
Northern Black Sea designated as 'warlike area' to aid seafarers Groups representing seafarers and their employers agreed to extra pay, benefits and rights for seafarers caught in the Ukraine war...
Russian shipping blacklist revealed as EU readies port ban Moves by the UK and EU to ban Russian vessels from entering port will need to take account of thousands...
Ukraine crisis to have biggest impact on air freight logistics Kuehne+Nagel is closed for business in Ukraine and is only taking humanitarian bookings for Russia. Cargo flights from north Asia...
IG clubs review Russian obligations as sanctions arrive Moves come after the West of England P&I Club confirms that it will no longer cover two FESCO vessels singled...
Dry bulk rates recover after negative reaction to Ukraine crisis More than a dozen bulkers are stuck at Ukrainian ports since February 22, according to Lloyd's List Intelligence data
Sanctions impact raises concern among South Korean shipbuilders Shipbuilders are reeling from the uncertainty over whether they could get paid for constructing the fresh tonnage and whether newbuild...
Torm expects volatility to remain for 'a long time' While initial sanctions against Russia have not targeted oil or refined product trades, the company has decided to stop taking...
Lawyers warn of Russia exposure risks as sanctions tighten Vetting counterparties for sanctions risk has become much harder amid unprecedented sanctions on Russia, and more are expected. The rapid...
Boxship capacity deficiency to prevail until 2023 The projected containership fleet growth of about 4% this year will not be enough to offset global supply chain issues...
Amplify Energy sues shipping companies over California oil spill A lawsuit was filed this week in connection with an incident in the past year in which 25,000 gallons of...
German owners hope to benefit from box shipping recovery German shipowning was hit hard by the KG crisis a decade ago. The pandemic has put another break on recovery...
CMA CGM raises cyber threat risk level French carrier has become the latest to suspend bookings to and from Russia. The line has also increased its alert...
Malaysia denies entry to sanctioned Russia-flagged tanker Malaysia's move comes as a Singapore-based analyst warned that Russia may employ more 'phantom ships' to expand illicit trade of...
Taiwanese port issues stricter coronavirus testing rules Vessels with positive cases on board will be held at the anchorage for up to 14 days. But containerships can...
Daily Briefing Shipping is falling short in cyber preparedness | The Lloyd's List Podcast: Why is shipping still not prepared for cyber...
Kuehne + Nagel 2021 earnings swell on 50% air, ocean margins Kuehne + Nagel is the biggest air and ocean logistics provider and it's pushing the right buttons for fast growth.
Tanker shares jump as war rages; other shipping shares mixed Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Expeditors outlines severity of cyberattack, partially resumes operations Expeditors International is desperately trying to recover from a major cyberattack that has degraded its logistics capabilities.
European fuel oil feedstock traders search for non-Russian VGO as restrictions mount Russia's refineries are major producers and exporters of fuel oil feedstocks such as high and low sulfur vacuum gasoil, which are processed in the secondary units of complex plants.
Fuel oil exports from Russia's Tuapse seen at 480,000 mt in March Only the first three cargoes have a nominated vessel, with the remainder yet to be named.
Istanbul HSFO surges $100/mt to near 10-year high as Black Sea disruption bites HSFO is a small market in Istanbul and most of the volumes arrive as exports from the Black Sea.
European bunker markets feel the heat of Russian sanctions Most bunker suppliers said they have taken a wait and see approach to buying Russian oil.
Long Range tanker owners primed to carry crude oil as dirty market flourishes The LR1 and LR2 sectors have been weighed on for a number of weeks by a closed arbitrage to the East for Western naphtha amid skyrocketing naphtha prices in Europe and a lack of demand from Asian petrochemical crackers.
EU countries look to Brussels for decision on Russian oil tanker, shipping ban The EU declined to comment on whether it was considering a European-wide ban on Russian shipping.
Spot prices for all bunker grades in Latin America reach new record highs In several ports in the region, the two other bunker grades, marine gasoil and high sulfur IFO 380, climbed to levels not seen since 2013-2015, and in the case of the high sulfur bunker in Cartagena, its strongest value in almost a decade.
Asia ex-China refiners see plenty of alternatives for Russian crude oil As Russian crude makes up only 1%-6% of overall crude imports by Asian economies, excluding China, major refiners across the region indicated that it wasn't too difficult setting up contingency plans with several US, Middle Eastern, West African and Southeast Asian crude grades set to be included in the list of potential replacement grades for Russian crudes that the companies regularly procure.
Goldman sees upside to $115/b oil price forecast after 'insufficient' IEA stock release The IEA agreed March 1 to release a total of 60 million barrels of oil stocks to calm crude prices in response to Russia's invasion of Ukraine with the US providing half of the total inventories.
Asian Aframax freight for shipping Far East Russia ESPO crude nearly double Since Russia started its military operations in Ukraine, market participants paused to assess the legal, financial, administrative, and operational implications involved in loading Russian crude.
Malaysia denies entry to Russian-flagged Aframax, 'strictly' observes UN sanctions: official An executive with a Malaysian tankers' owner confirmed that the government has not permitted the tanker to call at any of its ports. The Linda had loaded cargo via ship-to-ship transfer at end January in the Persian Gulf, and in February had floated near Sri Lankan waters for a few days, the executive said.
Zhoushan's March ex-wharf marine fuel 0.5%S premiums settle lower on ample supply Market sources attributed the softening to Chinese refiners producing more low sulfur fuel oil after the government increased the export quota volume in its first batch of allocations for 2022.
FUJAIRAH DATA: Oil product stocks dip following record increase a week ago Low sulfur fuel oil cargoes at Fujairah are tight but barge supply has been steady, and any impact from the Russia-Ukraine conflict has yet to be seen, traders said.
RUSSIA DATA: February oil output up 0.5% on month at 11.05 mil b/d Russian oil exports were at 17.23 million mt, or about 4.51 million b/d, in February.
JAPAN DATA: Oil products output rises 13% on week to 20.51 mil barrels Production of low sulfur fuel oil rose 56.3% week on week to 1.44 million barrels in the week to Feb. 26, and high sulfur fuel oil production increased 37.7% to 1.09 million barrels over the same period.
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