Royal Caribbean: Guests satisfied, Wall Street maybe less so Royal Caribbean Group (NYSE: RCL) had lots of positive news to report in a business update released today along with its FY 2021 financial results. Still, those results showed more red ink
World's first ammonia-ready ship delivered The world's first ship to be classed as ammonia-fuel ready, the ABS-classed, Greek-flagged Suezmax tanker Kriti Future, has been delivered to Maroussi, Greece, based Avin International Ltd. The 274 meter long vessel
Ocean Shipping Reform Act introduced in Senate Frustration with port delays and supply chain disruptions saw ocean shipping reform legislation pass the House by a bipartisan vote of 364-60 last December. Now similar legislation has been introduced in the
Refloated after grounding, Maersk Mumbai heads for Bremerhaven The Maersk containership Maersk Mumbai, which grounded on the approach to Bremerhaven, February 2 has been refloated. The operation was coordinated by Germany's Central Command for Maritime Emergencies (Havariekommando), which said that
Strategic Marine acquires larger Singapore shipyard Singapore based Strategic Marine (S) Pte Ltd. has completed the acquisition of a significantly larger shipbuilding facility. In a move that it says will significantly boost its shipbuilding capacity and product range,
Op-Ed: Digitalization is changing expectations in maritime logistics By Martin Wallgren, Group Chief Information Officer, GAC Group We've seen market consolidation, and we've seen the "great resignation." The pandemic has created a market dynamic that presents both challenges and opportunities.
Corps looks to replace 56-year-old hopper dredge The U.S. Army Corps of Engineers is at the initial stages of procuring a replacement for its 56-year old hopper dredge McFarland, delivered by Bethlehem Steel Shipbuilding in 1966. The Corps has
Impersonating Frontline takes some front They say imitation the sincerest form of flattery. But Fredriksen-owned tanker operator Frontline may think otherwise
Tsakos orders four feedermaxes at Hyundai Mipo Tsakos has been among owners selling container vessels over the last year to cash in on soaring prices
UK's levelling-up plan is missed opportunity for maritime Our sector can do much to reduce inequality in deprived coastal communities, but first the right framework needs to be...
Fredriksen plots green tech future for Seatankers empire John Fredriksen's vast Seatankers empire could soon have an additional vertical focused on transitional green technology. But don't mistake this...
Newbuildings weekly round-up Average newbuilding prices have increased by 10%-15% in the past year as demand for alternatively fuelled ships ramps up
K Line profit soars on robust cargo demand Although the dry bulk market is expected to surpass the previous year's rates on average, concerns remain about a slowdown...
European oil storage terminals hit by cyber attack Cyber attacks have disrupted loading and unloading at oil storage companies in the Amsterdam-Rotterdam-Antwerp oil trading hub
Loitering ships off San Pedro Bay reduced to zero The introduction of a new 'Safety and Air Quality Zone' off the coast of Los Angeles and Long Beach eradicates...
Maersk boxship refloated after grounding off Germany Danish company says it will be carrying out an internal investigation to ascertain the cause of the grounding of the...
South Korea shipowners deny government price-fixing charge The Fair Trade Commission has accused 23 local and foreign shipping firms of colluding to set container cargo charges on...
Daily Briefing Poseidon Principles to ditch IMO goals for zero-carbon target | Euronav sees tanker market recovery in sight | Capital Product...
Bipartisan bill to reform US shipping moves to Senate The Ocean Shipping Reform Act was passed by the House of Representatives in December in an overwhelming bipartisan vote
FedEx boosts trans-Atlantic air capacity with additional freighter FedEx is facilitating exports from Europe and the U.K. to the U.S. with a new cargo service.
Airport services company Swissport hit by ransomware attack Swissport, a company that gets your luggage on and off a plane for partner airlines, is fending off a ransomware attack.
Limited output, rising oil complex boosts VLSFO to record highs Desulfurization is an energy-intensive process and it is proving costly in the current environment of high gas prices, leading refiners to trim production of the bunker fuel.
ARA fuel oil stocks up 4.3% on week at 1.218 mil mt: Insights Global This marks the third consecutive week that stocks have increased.
BUNKERWORLD: Bunker prices rise amid regional tightness, firming oil complex *Government restrictions causing supply limitations at Hong Kong *Tight supply and firming oil complex support East Med VLSFO *Shortage of feedstocks curbs availability at USGC
OIL FUTURES: Crude moves up as freezing temperature in Texas threatens supply In Texas, some Permian Basin producers shut production Feb. 3 because of freezing temperatures and ice disrupting trucking operations.
Renewable energy credits stuck in a loop Platts Renewable Energy Current Year prices have fell 8.5% since Jan. 19 to be assessed at $7.00/mtCO2e on Feb. 4.
SINGAPORE DATA: Residue stocks slip 3% on week as fuel oil imports plunge Fuel oil imports fell 66.48% to 516,245 mt, the lowest since the week ended Sept. 22, 2021, with Singapore receiving cargo from the Americas and within Asia.
Front-month open interest for ICE Singapore 0.5%S marine fuel falls in Jan The overall decline comes amid a tighter physical market for both HSFO and marine fuel 0.5%S.
Euronav see omicron delaying tanker freight rate recovery VLCC spot rates averaged $12,500/day in Q4 2021, down from $20,500/day a year previously, Euronav said in a presentation of its Q4 results.
Marine fuel 0.5%S in Latin America surges to record highs Soaring 0.5%S levels in Latin America have been accompanied by a strengthened global energy complex that saw ICE prompt-month Brent crude futures hit a seven-year high in the week started Jan. 31.
Fuel oil exports from Russia's Tuapse seen at 450,000 mt in Feb Poor weather in the Black Sea is disrupting marine fuel exports from Russian ports.
Fuel oil loadings from Russia's Novorossiisk seen at 120,000 mt in Feb Bad weather in the Black Sea has delayed loadings at a number of ports, including Novorossiisk, as well as Tuapse and Taman.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
