ILO and IMO call for urgent action on seafarers stranded in Ukraine Russian attacks on merchant shipping continue. According to Ukrainian sources, Russian forces last night shelled the icebreaker Kapitan Belousov (IMO 5181598) in the port of Mariupol, killing one person and injuring another.
Mega tanker merger hits Saverys family opposition The planned merger between tanker giants Euronav and Frontline might not go quite as easily as its architects might wish. Euronav's largest shareholder, the Saverys family's Compagnie Maritime Belge (CMB) is opposed
DOF Subsea awarded multiple contracts for Ross Candies Norway's DOF ASA reports that its DOF Subsea USA subsidiary has been awarded multiple contracts for the Ross Candies. The 309 foot Ross Candies is one of two Jones Act vessels chartered
Saverys family says 'good chance' to block Frontline takeover of Euronav 'We're not acting in concert with John Fredriksen,' Alexander Saverys tells Lloyd's List. 'People thought that this was a deal...
How Japan's carbon levy and rebate scheme would work Japan has proposed a global carbon levy scheme at the International Maritime Organization. The 'feebate' system of charges and rebates...
Frontline 2.0: Who wants to be a 'supersized tanker behemoth' anyway? The ongoing scrap between the Fredriksens and Saverys families may make the path of the big merger between Frontline and...
Capesizes weigh on dry bulk complex Continuously low iron ore volumes from Brazil have taken their toll on the capesize market, while the sub-capesize segments have...
Maersk's air logistics plans take off Air freight is becoming the next battleground for container lines with logistics ambitions. Air cargo is seen as a critical...
Seafarer killed as Russian shells hit icebreaker in Mariupol, says Ukrainian army The Ukraine-flagged icebreaker Kapitan Belousov, owned by the Mariupol Port Authority, hit by shelling overnight
New raft of EU sanctions targets dry bulk commodities from Russia The new round of sanctions, which bars coal, wood, cement and fertilisers, is aimed at increasing pressure on the Russian...
Ukraine conflict has negligible impact on bulk carriers departing Russia Dry bulk products continue to flow out of Russia with no evidence that countries or shipowners are shunning the country...
Uggla warns of hard times ahead for global economy The prospect of a protracted war in Ukraine, widespread cyber attacks, negative consumer confidence, and continued high fuel costs, could...
CMA CGM acquires Gefco to boost logistics presence CMA CGM has been expanding the scope of its Ceva Logistics subsidiary through a series of acquisitions. The latest sees...
Euronav founder opposes Frontline merger Largest Euronav shareholder says deal "won't create added value for Euronav stakeholders"
Union leaders call for greater 'inclusivity' of women seafarers Employers are advised to change their corporate culture and mindset to help provide an equal playing field to both men...
South Korean yards win tanker and boxship orders Daehan Shipbuilding gives positive outlook on the containership building market
Daily Briefing Frontline to merge with Euronav | Fredriksen the winner in Saverys family battle for Euronav | Ukraine calls for worldwide...
Container shipping at the crossroads: The big unwind or party on? The debate heats up on whether this is the beginning of the end of container shipping's bull run.
Ocean carrier Maersk unveils integrated air cargo service Maersk is one of the world's dominant container shipping lines. Now it is making a play to be a major cargo airline.
Cargo backlog ripples beyond Shanghai as lockdown stops trucks The ripple effects on logistics from Shanghai's quarantine are being felt beyond the city as companies try to redirect freight to alternative import/export gateways.
Under attack and low on supplies, 1,500 seafarers trapped in Ukrainian waters Relief efforts are 'proving extremely challenging' for those stuck on 140 vessels in the conflict zone.
Ukraine boosts reliance on fuel trucks after destruction of regional depots: analyst Ukraine boosts reliance on fuel trucks to meet demand after destruction of regional depots
US EPA rejection of small refinery exemptions opens door to future denials The US Environmental Protection Agencys decision to deny small refinery exemptions opens door to future denials
Gridlock to continue in Mexico's power market despite Supreme Court vote Multiyear legal gridlock that has impacted Mexico's power market is likely to continue for the foreseeable future
Oil prices edge higher, but remain below early March peak Crude oil futures rose April 8
Rising Suezmax rates intensify pressure on fragile WAF market Vessels from other regions have also been slow to ease tightness.
REFINERY NEWS ROUNDUP: Closures in focus in Asia-Pacific New Zealand's only refinery Marsden Point has now closed and the import terminal on the site was officially launched on April 1.
DP World suspends operations at Southampton terminal A representative from DP said landside operations have not been affected by the closure, but declined to comment on when shipside operations would resume.
European coal, German power prices rise on phased-in Russian coal embargo Russia accounts for over half of European thermal coal imports with Germany the most impacted, having imported some 18.2 million mt of thermal coal in 2021.
OIL FUTURES: Crude oil prices to decline on week amid stocks releases Oil prices have been trending lower, and are at levels seen around six weeks ago following the agreed release of strategic reserves and continued lockdowns in Asia.
ARA fuel oil stocks fall almost 1% on week to 865,000 mt: Insights Global European fuel oil traders said counterparties as well as end-consumers were increasingly favoring non-Russian fuel oil.
European VGO loadings jump 54% in week to April 8 Despite the jump in Russian cargoes, buying interest for Russian-origin VGO remains in the doldrums, contrasting the high feedstock demand in the wider market.
BUNKERWORLD INDEX: Bearish signals from US weigh on varying bunker demand dynamics *Firming demand at Hong Kong *Poor buying appetite in coming week in Italy *Ecuador prices track decreasing gasoil futures
Global diesel supply tightens as buyers turn Russian barrels away Europe has been most directly impacted by the loss of Russian diesel, having historically imported roughly 700,000 b/d of diesel from the country, amounting to 50% of Europe's total diesel imports.
China's refineries cut April throughput, lift product exports amid weaker local demand The latest lockdown has compounded China's supply chain and logistical challenges; transportation has been disrupted, workers are in isolation, and construction work has been wound down or stopped altogether.
Russian oil output could fall 4%-5% on month in April: Novak Russia has not published output data for March -- the first full month since Russia invaded Ukraine Feb. 24. The invasion triggered sanctions that complicate purchase of Russian oil and led some countries to announce import bans on Russian energy.
SINGAPORE DATA: Residual fuel stocks fall to year-to-date low on weak imports Singapore's fuel oil imports dropped 36.8% week on week to 697,479 mt in the week ended April 6, according to the data.
Singapore MPA steps in to curb bunker fuel quality issues MPA has contacted the relevant bunker suppliers to take necessary steps to stop supplying the particular batch of fuel, and also informed all ships that were supplied with the fuel to exercise caution, the regulator told S&P Global Commodity Insights April 7.
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