Plan for Scandinavian ammonia bunkering network moves ahead Norwegian fertilizer giant Yara International, which is one of the world's largest ammonia producers, is starting to make good on its commitment to make carbon-free ammonia fuel bunkering a reality. It has
Holland America cruise ship will be temporary home for Ukrainian refugees in Rotterdam Holland America Line's cruise ship Volendam will be used to accommodate Ukrainian refugees as part of an agreement announced by Netherlands and city of Rotterdam government officials. The ship will dock in
Conrad optimistic after reporting profitable 2021 Conrad Industries Inc. (OTC Pink: CNRD), Morgan City, La., reports that net income for the 12 months ended December 31, 2021, was $6.5 million compared to net loss of $4.0 million in
Exam scam defendant faces additional charge A defendant in the ongoing exam scam case involving a test score-fixing scheme at the U.S. Coast Guard's Regional Exam Center (REC) New Orleans in Mandeville, La., faces an additional charge of
Ocean Shipping Reform Act passes Senate The bipartisan Ocean Shipping Reform Act, cosponsored by U.S. Senators Amy Klobuchar (D.-Minn.,) and John Thune (R.-S.D.) has passed the Senate by a voice vote. The legislation aims to help fix supply
Mississippi River Commission schedules high-water inspection trip The Mississippi River Commission will conduct its annual high-water inspection trip on the Mississippi River, April 4 - 8. Four public meetings are scheduled aboard the M/V Mississippi in selected towns along
AWO applauds Tennessee General Assembly for passing Jones Act resolution The American Waterways Operators (AWO) applauds the Tennessee General Assembly for passing SJR0954, a resolution that reinforces support for the Jones Act, the foundational law of American maritime requiring that any vessel
Caterpillar sees methanol as a key fuel for maritime decarbonization Caterpillar Marine is investing in methanol-fueled engine technologies. It says the commitment supports the development of decarbonization efforts in the marine industry by offering cost effective methanol-powered solutions without sacrificing the value
P&O Ferries: Backwash drags politicians under This was more spin than substance, designed to placate public and media outrage while doing little to address the root...
Largest-ever emergency oil reserve release to weigh on tanker market Two of the four US Strategic Petroleum Reserves sites have pipeline links to crude export terminals, but sales are likely to...
Panama Canal restructures tariffs in effort to simplify The Panama Canal Authority is looking to reduce the number of tariffs it offers. Under new proposals, vessels capacity will attract...
Clubs warn of contaminated HSFO from Singapore While suppliers of the tainted fuel were not identified, clubs have cited a cause for concern given an increase in...
Carriers need to strike a balance between 'greener' and 'bigger' In a world where geopolitical uncertainty is rising, trading patterns are shifting and incremental growth of shipping demand cannot be...
US shipping regulation reform one step closer US exporters hope changes to shipping regulation will reduce costs and increase capacity. But the changes are unlikely to have...
Carbon market measures could raise over $3trn, says World Bank A World Bank report found market-based measures to tax or cap shipping emissions could raise $1trn to $3.7trn by 2050...
Carriers set to ride out market volatility Economic and geo-political uncertainty risks lower demand. But any recovery of supply chains in unlikely before 2023
The Lloyd's List Podcast: Five key forecasts for shipping Lloyd's List's latest quarterly outlook for shipping examines the trends across all shipping sectors, so for this week's edition of...
Have we reached peak uncertainty? Lloyd's List's latest shipping health check remains largely unchanged from the last quarter, but the uncertainty that lies beyond requires...
Tankers: Russia to the rescue for 'putrid' market Crude, product and fuel oil seaborne trades are being recalibrated, as higher insurance costs and sanctions on Russia's oil and...
Yara to bunker green ammonia Yara International is to launch the world's first ammonia bunkering network in Scandinavia
P&O Ferries backlash leaves UK ports in legal limbo Port leaders are concerned that they could be sued by operators under the Harbours, Docks and Piers Clauses Act of 1847...
GoodBulk sees strong market for capesizes after record profit Trade 'tensions could also be a positive for dry bulk tonne miles in the longer term if they reshuffle trade...
LNG: Generational energy crisis ensnares fleet Disruption from the global pandemic, followed by geopolitical turmoil that imperils European energy security, is driving record volatility across all...
Cosco expects record first-quarter profits Chinese investment bank CICC says the results meet its expectations and estimates company profitability to remain strong for 2022
Daily Briefing Marine insurer drops Sovcomflot cover | Flag states should terminate Russian vessel certificates if sanctions block payout, IMO rules |...
P&O Ferries: Less than the sum of its (old) parts P&O Ferries was once a visionary leader in the English Channel and European shortsea trades but has lost out to...
China Merchants doubles down on LNG tanker order Chinese owner suggests some of its fresh tonnage on order may engage in short or medium-term contracts
Shipping investment sector facing a 'volatile backdrop' 'Equity markets are down about 75% year on year,' says DNB Markets managing director James Cirenza. 'This has been a...
Keppel Corp's merger talks with Sembcorp Marine Singapore move forward Companies issue joint statement saying talks are continuing and they are committed to reaching a definitive agreement within weeks
MSC agrees $6.3bn deal to acquire Bollore Group's Africa logistics unit MSC said acquiring Bollore SE 'reaffirms the group's long-standing commitment to invest in Africa and to strengthen supply chains across the continent, and to connect...
Can accordion-style folding containers unclog crowded ports, distribution centers? Folding five empty shipping containers into the space of one could curb smuggling, save shippers money and reduce emissions.
US DOE seeks bids for next batch of SPR crude deliveries by April 12 Refiners and oil traders looking to snag barrels from the US Strategic Petroleum Reserve have until April 12 to bid on 30 million barrels set for release from mid-May through June, the Department of Energy said in the first of several expected notices of sale.
OIL FUTURES: Crude prices dip after IEA joins historic US SPR release Crude oil futures dipped April 1 after the International Energy Agency agreed to an unspecified release of crude oil from its member countries' stocks following a more notable decline March 31 when the White House announced a record-high release of 180 million barrels from the US Strategic Petroleum Reserve.
ExxonMobil forced to temporarily shut UK fuel depots over climate protests ExxonMobil has restored normal operations at "most" of its four UK fuel supply terminals affected by environmental protests earlier April 1 and expects to reopen all the deports shortly after police intervention, the company said April 1.
CLEAN TANKER QUARTERLY: Russia to dominate market outlook moving forward In an unprecedented quarter in which the Russian invasion of Ukraine triggered a tumultuous change in market dynamics, a divide quickly materialized to cloud the market.
Bunker markets avoid Russia as supply tightens across Black Sea: expert Buyers and suppliers have turned cautious following increased financial sanctions against Russia, and it has become increasingly difficult to get credit to buy Russian-origin cargoes.
ExxonMobil suspends deliveries from four UK fuel depots due to protests Exxon said "small protests" were currently underway outside its Hythe, Birmingham, Purfleet and West London fuel terminals adding that its other fuel terminal at Avonmouth was not affected.
S&P Global discontinues average bunker cost assessments for three container routes April 1 The discontinuation, which will affect the fronthaul and backhaul legs on the three routes, is part of a streamlining of S&P Global data sets.
European VGO loadings stable on week as Russian exports linger in the doldrums Loadings of Russian-origin VGO continued to be hampered by the decisions of most European buyers to shun Russian oil products, cutting their proportion of total cargoes.
Russian crude transfer between tankers blocked by activists off Denmark, says Greenpeace Greenpeace UK identified at least 299 vessels carrying Russian oil and gas since Russia invaded Ukraine, the organization said in a statement March 31.
REFINERY NEWS: South Africa's Sapref commences staggered shutdown of units The pause on Sapref's operations comes as South Africa's Engen refinery previously said it will be proceeding with the conversion of its Durban refinery into a terminal.
BUNKERWORLD INDEX: Prices fall as weaker crude outweighs supply limitations *Singapore braces for less HSFO from Middle East *Lack of Russian product at European ports *Volatility, tight MGO on US East Coast
REFINERY NEWS: New Zealand's Refinings NZ starts terminal operations at Marsden Point New Zealand's sole refinery Marsden Point was expected to convert operations to an import-only fuel terminal Channel Infrastructure from April 1, 2022.
European March fuel oil swaps trade volumes in MOC plummet to 115,000 mt The fuel oil market complex in March remains well supported by supply tightness, especially in the low sulfur market.
ARA fuel oil stocks fall 10.83% on week to 873,000 mt: Insights Global The is the fifth week in a row that has seen stocks drop.
FEATURE: Excess fuel oil weighing on Russian refinery runs Russian refineries have been carrying out large-scale upgrades in recent years aimed primarily at reducing fuel oil output in favor of higher yields of lighter products.
Japan's IMO-compliant domestic bunker contracts for Q1 settles at Yen 84,300/kl The settled quarterly price, widely used by bunker fuel suppliers and shipowners in Japan's domestic market, is decided by representatives of fuel oil suppliers and shipping companies in quarterly discussions, with companies taking turns each quarter in handling the discussions.
SINGAPORE DATA: Residual fuel stocks drop to 20.1 million barrels, hit three-month lows Singapore's fuel oil exports surged to 611,100 mt in the week ended March 30, up from 254,640 mt in the previous week, the data showed.
Singapore 380 CST HSFO premium hits over 2-year high on tight supply, specification issues High sulfur cargo inflow is going to be lower especially from the Middle East since US refiners are taking cargoes there as an alternative to Russian fuel oil cargoes, market sources said.
South Korea-delivered marine fuel 0.5%S premium climbs to over 10-month high Local refineries have undergone scheduled springtime maintenance since late March, which is only expected to end around mid-April. This has steadily reduced domestic LSFO bunker inventories, according to industry sources.
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