Survey shows improvement in business confidence of India Inc.
Changes introduced vide Finance Act 2022 in Customs Tariff w.e.f. 01.05.2022 - Trade advised to be very cautious while filing Bill of Entry & Shipping Bills so that the declarations are filed correctly
New monitoring requirements give FMC more insight into alliance carrier operations
FM Logistic opens first multi-customer warehouse in India
COSCO Shipping Ports has an impressive Q1
AD Ports Group signs Term Sheet & Head of Terms agreement for port projects in Egypt
CMA CGM to enhance its Indian Ocean coverage with IO Feeder 3
Strategic collaboration between Maersk & APM Terminals
OOCL's new China-Australia service
ZIM enhances service between Turkey & United States East Coast
PSA India aids fight against hunger, sponsors over 5,000 school meals as part of CSR programme
MOL inks deal to build LNG-fuelled car carriers
India keeps out products from FTA with UAE
Centre pushes for increased exports of tissue culture plants
Tidewater: Earnings up, red ink down "Tidewater is uniquely positioned to capitalize on what is looking to be a truly transformational period for vessel activity and day rate improvements over the next several quarters," said CEO Quintin Kneen
Seaways adopts a poison pill defense As the Saverys family continues to contest a merger of Euronav into Frontline, billionaire shipping investor John Fredriksen has taken a significant stake in another tanker giant, New York City headquartered International
Keppel O&M signs charters for two "legacy" jack-ups Keppel Offshore & Marine Ltd (Keppel O&M) has signed agreements for the utilization of two KFELS B Class rigs to be deployed in Saudi Arabia. The bareboat contracts are expected to generate
Lloyd's Register Foundation names next CEO Dr. Ruth Boumphrey has been named CEO of Lloyd's Register Foundation, an independent global charity that owns the Lloyd's Register Group. She will take over from outgoing CEO Professor Richard Clegg following
HAV Design to develop design for Esvagt's green SOV The world's first green-fueled SOV, just ordered by Esvagt, will be built to a design developed by HAV Design, which will also deliver an integrated equipment package including propulsion system, engines, propellers
Plans to ban EU shipowners from lifting Russian crude on hold Greece, Malta and Cyprus are all understood to have lobbied against a shipping ban proposed in the initial draft of...
China lockdowns skew container throughput figures After a slow start to the year, import volumes picked up at the end of the first quarter. Strong US...
International Seaways adopts 'poison pill' to block Fredriksen takeover Rights agreement timing coincides with crucial Euronav meeting on May 19 when largest shareholders and founders seek to block all-stock...
Dry bulk market tilts in favour of owners Supply-demand balance in the dry bulk market can be easily influenced by even minor changes in trade flows, says Thai...
Japanese shipping groups cut earnings outlook K Line and NYK Line report jumps in annual profit
Week in newbuildings: Former STX yard gets orderbook boost New vessel contracts were confirmed in the past few days for six products tankers, 10 containerships and a quartet of...
MOL to build four more LNG-fuelled car carriers The deal is part of MOL's efforts to achieve the goal of net-zero carbon emissions
Evergreen overtakes ONE as the world's sixth-largest container carrier ONE retains an advantage over Evergreen in owned tonnage
Demand growth bounces back after Chinese New Year slump Annualised container liftings have fallen in the first quarter of 2022. But despite a slowdown in Europe and a fall...
The week in charts: Sovcomflot to sell a third of its fleet | Trade volatility adds to tanker rebound | Ukraine's minor ports ramp up activity Russia's status as the world's most-sanctioned nation creates headaches for shipowners, Sovcomflot looks to sell up to one third of...
Indonesia intercepts Singapore-flagged ship carrying palm oil Indonesia has been intercepting vessels allegedly smuggling palm oil since president Joko Widodo introduced a palm oil export ban at...
Daily Briefing Sanctions scrutiny linked to mysterious tanker U-turn | Ukraine's minor ports adapt to wartime trade | North's merger with Standard...
Shipping stocks take another beating, sinking by double digits Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.
Lufthansa invests in next-gen Boeing 777-8 freighters Boeing has landed a large freighter order from Lufthansa, while Embraer has launched a program to modify used planes for cargo in the regional market.
New European fuel oil, marine fuel derivative time spreads and brent crack time spreads symbols
FERC extends construction deadlines for two US LNG projects despite protests Applicants also cite pandemic-related disruptions to global LNG market as source of delay.
Crude prices plunge on EU embargo holdouts, demand destruction fears NYMEX June WTI falls $6.68 to settle at $103.09/b.
OIL FUTURES: Crude weak as EU fails to agree ban on Russian oil Under the latest EU proposal, Hungary and Slovakia were not to phase out use of Russian oil until the end of 2024, while Czech Republic would have until June 2024, which has considered long enough by Hungary.
PODCAST: How to squeeze Russia's oil revenue without threatening a supply shock As Europe aims to phase out Russian oil imports within months, attention is starting to shift to whether the US will impose secondary sanctions on Russian oil customers.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators Despite the EU's announcement on May 4 it would introduce a ban on Russian imports to Europe, it is expected to have a limited short-term impact on high sulfur markets.
Fuel oil loadings from Russia's Novorossiisk seen at 173,500 mt in May The expected uptick in loadings out of the Black Sea comes amid a notable drop in fuel oil swaps trading last month. The volume of European fuel oil swaps traded during the Platts Market on Close assessment process by S&P Global in April was 80,000 mt, down 35,000 mt from March to the lowest volume since January.
REFINERY NEWS: Germany mulls greener future for Schwedt: reports In the medium term, the refinery could also switch to green hydrogen, biochemistry and a circular economy, the reports also said.
Singapore April fuel oil paper MOC trades rise 6.3% on month Singapore high sulfur fuel oil derivative trades jumped 19.8% month on month to 7.08 million barrels in April, the data showed.
Saudi energy minister blames lack of investment for price gap between crude, fuels Benchmark Gulf Coast CBOB rose 11.28 cents to $3.5515/gal, beating the previous high of $3.4956/gal reached May 9, 2011.
SPAIN DATA: April fuel supply volume up 30% on year Iberian refiners reported earlier this month that refining margins have nearly trebled from Q1 towards $20/b in April amid a tightness in VGO supply and diesel availability in the region.
Japan to ban 'in principle' Russian oil imports following G7 pledge: Prime Minister Russia supplied 4% of Japan's total crude imports of 2.48 million b/d in 2021, while the Middle East contributed to 92% of inflows, according to data by the Ministry of Finance.
Asia residual fuels: Key market indicators for May 9-13 High sulfur fuel oil will likely show weakness this week on the possibility that Russian fuel oil may flow to Asia, while refinery production increases.
CHINA DATA: January-April crude imports fall nearly 5% on year despite April inflow boost The country cut crude imports to a four-month low of 9.51 million b/d in February amid Lunar New Year as well as Beijing Olympics, and raised the flow to 10.1 million b/d in March.
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