Danish frigate releases 3 pirate suspects States in the Gulf of Guinea region must take responsibility and step-up prosecution efforts when pirates are apprehended by international navies, said BIMCO today. The statement came following the release of three
Rolls-Royce completes sale of Bergen Engines Retford, U.K.-based Langley Holdings has completed its acquisition of Norway's Bergen Engines group from Rolls-Royce for a consideration of EUR 91 million (about $103 million). In addition, EUR 16 million (about $18
Giant Jan De Nul crane ship floated out The CMHI Haimen shipyard in China has floated out Jan De Nul's giant crane ship Les Alizés. Aimed at the offshore renewables and decommissioning market, it will be the largest heavy lift
Denmark defends anti-piracy mission after suspects released BIMCO and Danish Shipping defended the mission amid claims the Danes' operation strained relations between states and the shipping industry
MSC and Maersk: When biggest is no big deal Being the world's number one containership operator is not like being the world's number one tennis player. That said, sheer...
US imports push demand beyond peak season Fears of ongoing congestion and front-loading drove transpacific demand in November. But US exports remain in a dire state due...
China's Hudong-Zhonghua secures $1.4bn LNG carrier order Hudong-Zhonghua has become increasingly competitive in constructing large LNG carriers, a market that has long been dominated by South Korean...
Daily Briefing Indonesia partly lifts coal export ban | Is it finally time for box FFAs? | Few signs of supply chain...
Ningbo feels squeeze on container truck driver numbers Trucking capacity is still in short supply owing to a combination of factors, including non-local drivers avoiding Ningbo due to...
New year brings new all-time high for shipping's epic traffic jam Popular interest in the supply chain may have faded, but the pileup of ships waiting offshore keeps growing.
Ningbo port congestion risk grows amid COVID crackdown A small COVID outbreak is curtailing industrial operations in the Chinese city of Ningbo and the port could soon feel the ripple effects.
Viewpoint: Ningbo port's partial closure more than just vessels berthing The latest partial closure of the Port of Ningbo has forwarders shifting strategies to keep the flow of trade moving.
FMC regulating capacity? 'Hard to imagine the chaos' The leading spokesman in Washington for the world's container trades offers his take on the implications of potential regulatory changes in 2022.
Buttigieg seeks to balance tech, regulation with new principles guiding innovation at US DOT Though regulation have often been criticized as a drag on the pace of technological advancement, "wise policy" is poised to steer innovation in the mobility space as long as government knows where to lean in and where to get out of the way, US Transportation Secretary Pete Buttigieg said at CES, the world's largest consumer electronics show.
Saudi crude OSP cuts lower than drop in Dubai structure, lift spot trade sentiment Saudi Aramco cut February official selling prices for its Asia bound crude by a lower-than-expected level, potentially boosting demand for alternative crude oil grades in the spot market, sources told S&P Global Platts.
OIL FUTURES: Crude settles lower, snapping 4-day rally after mixed US jobs report Crude futures settled lower Jan. 7, ending a four-day rally after a mixed US jobs report raised near-term demand concerns and supported a hawkish pivot in US monetary policy.
TENDER DATA: Pakistan State Oil seeks HSFO, LSFO for H1 February The lowest offer for both HSFO and LSFO cargoes were submitted by Coral Energy, according to a statement released by Pakistan State Oil.
ARA diesel, gasoil stocks up 1% on week to 1.75 mil mt: Insights Global Diesel and gasoil stocks in Amsterdam-Rotterdam-Antwerp hub, as measured by Insights Global, rose 1% to 1.754 mil mt in the week to Jan. 5, which was also 33% lower year on year.
JAPAN DATA: Dec 26-Jan 1 oil product exports fall 16% to 3.22 mil barrels Low sulfur fuel oil exports fell 77.3% week on week to 135,455 barrels in the week to Jan. 1, with high sulfur fuel oil exports declining 37% on the week to 335,565 barrels over the same period.
ARA fuel oil stocks up 0.2% on week at 1.165 million mt: Insights Global In bunker markets, demand at ARA ports was quiet on the week with tight availability on high sulfur bunker fuel and marine gasoil at Rotterdam.
Inclusion of nuclear in EC sustainable power taxonomy boon for hydrogen: trade body Countries that do not have ready access to renewable power generation will depend on other climate-neutral technologies in the interim to enable them to develop and use hydrogen in their energy systems, Hydrogen Europe CEO Jorgo Chatzimarkakis said in an interview.
OIL FUTURES: Crude hovers around $83/b on Kazakhstan unrest, easing demand concerns from omicron The currents unrest in Kazakhstan - sparked by dissatisfaction over fuel prices before evolving into wider anti-government protests - has raised concerns of disruption to upcoming supply.
Weather-related delays at Russia's railways, ports affect exports The cold weather has caused a backlog of rail cars as both coal and fuel oil need to be heated up before being discharged from rail cars and loaded on tankers.
BUNKERWORLD INDEX: Values trend up, taking lead from crude *High demand at Mumbai has directed traffic to Columbo *Fewer HSFO cargoes in Med mean tight supply *Quiet demand across many Americas ports
JAPAN DATA: Dec 26-Jan 1 oil products output drops 11.6% on week Production of low sulfur fuel oil plunged 41.2% on the week to 0.77 million barrels in the week to Jan. 1, with high sulfur fuel oil production diving 33.2% week on week to 0.76 million barrels.
EU lawmaker wants carbon border charge to cover hydrogen: draft report The proposals by the parliament's rapporteur on the CBAM, Dutch lawmaker Mohammed Chahim, suggest the parliament could push for a broader carbon charge and an earlier phaseout of free carbon allowances for affected sectors under the EU Emissions Trading System.
SINGAPORE DATA: Residue stocks rise 8% on week as fuel oil imports double Fuel oil imports surged 99.18% week on week to 1.101 million mt, the data showed.
South Korea's move to label LNG as green fuel buys time for energy transition South Korea depends on coal for around 40% of its electricity generation, while LNG-fired power plants are responsible for around 25% and nuclear reactors around 30% of demand, with the remaining coming from renewables.
Mumbai LSFO bunker premiums retreat from record highs; Sri Lanka vies for demand A gradual rebound in LSFO inventories at Mumbai port since the first trading week of 2022 has lowered premiums of the delivered grade from all-time highs as stockpiles matched downstream bunker demand amid lower buying interest during the year-end holidays, according to market sources.
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