Interior releases proposed 5-year offshore oil and gas lease sales program The U.S. Department of the Interior chose the Friday of the July 4 weekend to release its proposed program for the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS
Shipping's long 'Do Svidaniya' is proving harder than expected In a multipolar world, the rest don't have to follow the demands of the west. Shipping is a case in...
Tensions as US west coast labour talks continue Memories of 2014 linger as the International Longshore and Warehouse Union draws attention to record profits posted by container lines...
Russia sanctions to push subterfuge tankers above 400 ships, says BRS Tug of war between cargo interests in Venezuela and Iran with Russia for third-party owned tankers now shipping US-sanctioned oil
Russian-linked tanker STS transfers rising off Kalamata 'There are dark ship-to-ship operations taking place and very dodgy concealment of cargo origin,' Lloyd's List Intelligence review finds
Vale develops multi-tank fuel system for ore carriers A pilot project will be developed in the coming months for one of Vale's guaibamax very large ore carriers
Supplementary calls covering big operating loss, London Club confirms 'The impact of an unusually challenging claims environment last year was a stark reminder of the importance of our ongoing...
Oil and gas exports will drive Middle East growth for next five years Saudi Arabia and Qatar in particular will see demand for fossil fuels rise significantly in the medium term, with LNG...
CMA CGM joins Engie for $157m biomethane production project French companies CMA CGM and Engie will make biomethane in France. They hope to make 200,000 tonnes a year by...
The Lloyd's List Podcast: Closing the loop on shipping's circular economy Shipping has focused on fuels as the one factor it can control in the push to decarbonise, but the creation...
K Line raises vigilance against cyber attacks K Line will use an AI platform built by Japanese firm Cybereason. It will also use the same company's managed...
Safety alarm sounded as Russia-linked STS operations rise off Greece All ship-to-ship operations are taking place outside Greek territorial waters, says Dynamarine
Russia adds compound interest to shipping's challenges The accumulation of disruption and supply chain shocks are transforming global trade as governments and businesses look to exchange efficiency...
Tankers: Demand destruction threatens market turnaround Not every vessel size will benefit from a significant recalibration of oil and refined product trades at a time of...
Marine insurance: More stable P&I rates, more expensive H&M The International Group is about to shrink from 13 members to 12, with mixed predictions on the impact on shipowners;...
Iran and Venezuela show Russia a sanctions-skirting template Sanctions on Russia amid self-sanctioning by Western oil traders have already upended oil markets; incoming bans on crude and refined...
Dry bulk: Growing demand risks unlikely to upend strong rates Slowing fleet growth is expected to support dry bulk rates, even as demand concerns emerge due to inflationary pressures globally
SIPG appoints Wang Xiufeng as vice-chairman Wang Xiufeng possesses a strong pedigree forged in the road transport sector, having held many senior positions at state-owned entities
PIL names Lars Kastrup as chief executive New chief has pledged to strengthen the Singapore-based carrier's connectivity, renew assets and lead the company to achieve its decarbonisation...
Daily Briefing Ship finance: Falling cost scorches alternative lenders | Regulation: Countdown to the CII | LNG: Winter of content ahead for...
July 1 deemed 'Bloody Friday' in shipping due to stock drops A shipping researcher dubbed July 1 "Bloody Friday" due to a large drop in stock prices for several shipping companies.
Air France-KLM to pay $3.9M over alleged Postal Service scan scam Air France-KLM has reached a $3.9 million settlement with the U.S. government to resolve a fraud investigation involving international mail delivery.
Viewpoint: How do you put value on today's longshore workers? Labor strikes and slowdowns at ports in Germany, Antwerp, Belgium, and Rotterdam, Netherlands, are crippling trade and could trigger more logistical inflationary pressures for U.S....
Delta Air Lines paying $10.5M for alleged cheating of Postal Service Delta is the latest airline to settle charges of defrauding the U.S. Postal Service on mail transport contracts.
Port director says East Coast seeing a boom Port of New York and New Jersey executive director says the flow of trade originally bound for the West Coast and redirected to the East...
FEATURE: European middle distillate liquidity plummets amid extreme price volatility Increased costs of hedging and executing swap trades has also caused a major blow to liquidity, as exchanges such as Europe's Intercontinental Exchange hiked margin calls.
BUNKERWORLD INDEX: Demand for light products curtails VLSFO feedstock *Lack of cutterstocks leaves Singapore VLSFO tight *Limited European VLSFO as refiners run sweet crude *Lack of diesel supports US Pacific NW VLSFO
OIL FUTURES: Crude prices rebound amid further supply constraints Developments for current supply constraints are not expected to improve after OPEC+ meeting on June 30.
ARA fuel oil stocks drop 0.8% on week to 1.248 million mt: Insights Global This is the second consecutive week stocks have dropped. However, they remain close to their highest level in 2022, which was at 1.273 million mt in the week to June 16.
European VGO loadings fall 46% in week to July 1 Increased loadings from Russian ports has coincided with higher VGO output from Russia as Tuapse came back online in the middle of June.
US turns to Fujairah for fuel oil as Russian flows to Middle East surge Russian oil flows have changed dramatically since the Kremlin's invasion of Ukraine, and this has particularly affected Moscow's fuel oil exports.
0.5%S marine fuel East-West spread hits all-time high on stronger Asian prices Singapore marine fuel 0.5%S prices are typically higher than Rotterdam, allowing cargoes to move from the West to the East.
SINGAPORE DATA: Residual fuel stocks fall 2.7% to 20.77 mil barrels in week to June 29 Industry sources said bunker demand has been firm despite high prices as strong freight rates have resulted in owners fixing a larger number of voyages.
Fujairah benefits from uptick in Russian crude transiting to the bunkering, storage hub Russian crude accounted for 2% of overall crude imports into Fujairah in 2021 and 11% of the total in the first half of 2022, according to port data.
SINGAPORE DATA: Bitumen exports rise 53% on week to 69,162 mt The main export destination was China at 25,358 mt, up 6% on the week, the data showed, followed by Indonesia at 14,607 mt, up 62% from the prior week.
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