Widespread adoption of digital trade documents emphasised
HMM attains ISO 45001 for occupational safety & health management
PM Gati Shakti making an impact
Transit times & port delays seen improving
Improvements in Faceless Assessment in NAC 5 (Mechanical Machineries of Chapter 84), Measures for streamlining process and expediting Customs clearances
Gujarat Pipavav Port Limited - Operational Data for the quarter ended June 30, 2022
OOCL revenue up in Q2 & H1
Amendment in Export Policy of items under HS Codes 27101241, 27101242, 27101243, 27101244, 27101249, 27101941, 27101944 and 27101949 of Chapter 27 of Schedule 2 of the ITC (HS) Export Policy
Petrol imports seen rising to eight-month high in July
Hexicon wins U.K. floating offshore wind CfD auction Hexicon AB says that its 32 MW TwinHub floating wind project in the Celtic Sea has gained a U.K. Government CfD (contracts for difference) award that take the project a significant step
Bills of lading: Be careful what you sign Gothenburg, Sweden-headquartered marine mutual insurer the Swedish Club says that a recent U.K. Supreme Court ruling underscores how important it is for a ship's master to fully understand the implications of signing
Casualty report calls on industry to play a greater role in safety The dry cargo shipowners' association says liquefaction continues to be the greatest contributor to loss of seafarer lives
Dark port calls grow amid stolen grain shipment claims Incidents of dark activity in the Black Sea are increasing as Kyiv tries to probe what it alleges is the...
Black Sea 'time bomb' hit by Russian missile The chemical tanker Millennial Spirit was first hit during the first days of Russia's military incursion into Ukraine
Industry cautious on UK minimum wage for seafarers Trade associations concerned about details, including the need to uphold international agreements and to not impose the burden of enforcement...
Europe FSRU charters drive capacity crunch The total call for floating regasification and storage units stands at 23, with 20 available, International Energy Agency analysis shows
Fleet Management opens shipmanagement company in Singapore Hong Kong-based Fleet Management, part of the Caravel Group, is the second-largest shipmanagement company in the world, managing more than...
Cosco expects 74% increase in first-half profit Company cites high export transportation fees on prime shipping lines amid tight capacity and port congestion
Hapag-Lloyd and DHL join forces on biofuels German companies hope to reduce carbon emissions. These can then be passed through to end customers as Scope 3 reductions
Tanker makes U-turn amid fresh Iran sanctions Sanctioned chemical tanker headed to India appears to have made a U-turn on July 7 south of Gwadar, Pakistan, according...
Daily Briefing Ukraine corridor hangs in the balance amid shipping disputes | Russian diesel opacity rises as oil traders limit public trades...
Snam buys FSRU in $400m deal with BW The floating storage and regasification unit has a maximum storage capacity of about 170,000 cu m of liquefied natural gas
KSOE resells three LNG carriers linked to Sovcomflot Move comes after another South Korean builder, DSME, scrapped orders for two Arc-7 icebreaking LNG carriers linked to the same...
Win streak continues: Container lines just posted more record results In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
Kazakhstan's CPC crude exports uninterrupted as president orders push for alternative routes The Kazakh ministry issued the reassurance after a court in the Russian port city of Novorossiisk that handles CPC loadings ordered a 30-day halt to operations in response to a request from Russia's transport inspectorate relating to a 2021 oil spill.
EU Parliament backs faster SAF uptake targets under decarbonization package From 2025, the minimum share of sustainable aviation fuel that should be made available at EU airports should be 2%, increasing to 37% in 2040 and 85% by 2050, taking into account the potential of electricity and hydrogen in the overall fuel mix. Last year, the Commission had previously proposed 32% for 2040 and 63% for 2050.
US DATA: Residual fuel oil stocks build for fourth time in five weeks Stocks remained 10% lower year on year, with refinery economics favoring gasoline and distillate production.
UK energy security at risk from 'zombie' government as Johnson resigns By the time a successor is selected, it will probably be too late to avoid the UK heading into a winter energy crisis with household energy bills spiraling further out of control.
OIL FUTURES: Crude bounces back following market selloff Kazakh CPC Blend crude oil has been suspended by a Russian court and could knock out up to 1 million b/d of oil that would have an upward effect on oil prices, according to Smith.
REFINERY NEWS ROUNDUP: Higher runs at Russian plants in July Bigger refineries are also likely to increase processing rates with the end-of-season maintenance looming.
NWE HSFO at 2-1/2 year low vs VLSFO amid higher Russian exports While many Western buyers have been self-sanctioning Russian crude and oil products since the invasion of Ukraine, Rotterdam received 335,000 mt of HSFO from Russia in June, up from 311,000 mt in May, according to Kpler shipping data.
Indian bunker market suffers post govt's windfall tax on fuel exports The Indian government's decision was in a wake of rising petroleum products exports by Indian refiners that reaped huge dividends from cheaper Russian crudes oil purchases.
Australia's heavy sweet crude cash premium hits record high on strong LSFO cracks Robust blending demand for LSFO was the main contributing factor to Pyrenees crude premiums skyrocketing.
Asian refiners raise LSFO production on higher margins than gasoline The August swap Singapore 10 ppm gasoil crack spread to Dubai crude was assessed at $46.41/b on July 6, compared with $33.42/b against marine fuel 0.5%S, according to data from S&P Global Commodity Insights.
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