Detyens wins $22.6 million MSC order The Navy's Military Sealift Command has awarded Detyens Shipyards Inc., North Charleston, S.C., a $22,670,778 firm-fixed-price contract (N3220522C4254) for a 120-calendar day shipyard availability for the regular overhaul and drydocking on the
Skuld gets licence to operate in Japan International Group affiliate joins others in Japanese market, where Japan Club remains strongest player
ONE opens green office in Singapore Move is part of company's green strategy to focus on decarbonisation and environment
Iranian tankers shift location in oil spat with Greece Hopes raised for release of Greek suezmaxes held by Iranian forces, but legal tug of war over Lana's cargo may...
Nick Livanos considers next step in legal battle linked to family Case dismissed on grounds of time bar, but Mr Justice Baker vindicates claimants' version of events and describes conduct of...
US government faces call to support west coast labour negotiations Union and employers say there will be no interruption to cargo operations as talks continue. But groups representing companies that...
Week in charts: Containership market past the peak | Strong dry bulk rates hold | Economou is largest shipper of Russian crude after Sovcomflot Aframax and suezmax tankers lead market turnaround, liner shipping reliability hovers at low levels, and Greek shipowners increase exposure to...
PSA International cuts 27,500 tonnes of carbon dioxide emission in 2021 PSA International has targeted a 50% reduction in its scope one and two carbon emissions by 2030, and by 75%...
Week in newbuildings: NYK adds a sixth dual-fuel capesize bulker New order for a single dual-fuel capesize bulk carrier confirmed for NYK Line adds to five ships already ordered in...
UK probes fatal Berge Bulk incident in Indonesia The UK marine accident branch is investigating the incident on behalf of the Isle of Man registry
Rescuers search for crew after crane vessel sinks in typhoon off Hong Kong Search and rescue operations remain under way, although weather conditions are hampering the efforts, said the Hong Kong Government Flying...
First Ship Lease Trust sells chemical tanker to Chinese buyer Tanker was detained by the Indian customs authorities as part of an inquiry into its cargo
California ports piling up again: Too many containers sitting too long The number of import containers sitting at LA/LB terminals for nine days or more has more than doubled since February.
Rotterdam Hi-5 spread hits highest level since March Tight VLSFO supply in Amsterdam-Rotterdam-Antwerp ports pushed premiums higher on the week, while HSFO markets weakened due to healthy supply.
TANKERS QUARTERLY: Freight may rise on longer voyages While clean tanker freight hit an all-time high in June for some routes and a 26-month high for others, market participants and analysts expect that even dirty tankers will make gains in the current quarter.
ASIA RESIDUAL FUELS: Key market indicators for July 4-8 High sulfur fuel oil supply was expected to remain ample due to increasing cargo inflows to Asia, the sources said.
Shanghai MF 0.5%S versus HSFO bunker spread climbs to all-time high Market participants polled by S&P Global mostly attributed the wide bunker spreads to adequate HSFO inventories, while the tight LSFO product availability continue to buoy prices.
FOB Singapore MOC fuel oil trades jump 49% on month in June on higher HSFO trades Market sources said demand for 180 CST grade was strong in June as South Asian countries continued to buy the grade for power plants.
Norway's Elkem, NCL to launch two methanol-powered ships in 2024
Bad weather set to disrupt Zhoushan's bunker supply High wind was forecast for July 4-6 while thunderstorms were July 7-8, according to Zhoushan Marine Station's meteorological services.
REFINERY NEWS: French Lavera back from maintenance: sources Local media reported that the refinery has been restarting units since late June following the maintenance which could result in flaring.
Singapore June fuel oil derivative MOC trades rise 18% on month The HSFO market was well supplied in June as Singapore saw an increase in a cargo inflow from the Middle East, market sources said, adding Asia could be one of the major destinations of Russian fuel oil cargoes.
Russian fuel oil exports from Tuapse seen at 420,000 mt in July The Tuapse refinery only recently returned online after halting crude intake mid-March because it could not readily ship its production amid Western sanctions and self-sanctioning by international buyers following the invasion of Ukraine.
OIL FUTURES: Crude up despite deteriorating macroeconomic picture Despite deteriorating macroeconomic conditions shown by the US ISM Manufacturing Index on July 1, oil prices remain supported, with OPEC+ struggling to meet their supply increases and disruptions in Libya and Ecuador continuing to show the fragility of the supply picture.
IRAQ DATA: Total June oil exports up 0.4% amid higher OPEC+ quota Total federal oil exports rose 2.2% to 3.373 million b/d, oil ministry data showed July 1
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