Ørsted and Esvagt sign agreement on the world's first green fuel SOV Two Danish headquartered offshore wind industry leaders - Ørsted and service and support vessel operator Esvagt - are to invest in the world's first service operation vessel (SOV) able to operate on
VIDEO: Boxes start to come off Ever Forward Removal of cargo containers from the grounded containership Ever Forward got underway this past Saturday. The 1,095 feet long,12,118 TEU Evergreen Marine vessel has been bogged down in mud in Chesapeake Bay
How much fuel and carbon can voyage optimization save? With IMO's EEXI and CII requirements putting the pressure on shipowners to reduce carbon emissions, Finnish-based software specialist NAPA and ClassNK are working with Japanese trading house Marubeni on a major fleet-wide
Shipowners' condemnation of Russia splits Ecsa membership A statement issued by 10 northern European shipowner associations follows failure of European shipowning nations to agree a common approach
Nimasa head hails piracy progress Nigerian Maritime Administration and Safety Agency director-general is frank about Nigeria's past failings on piracy, but says recent steps as...
Smaller owners finding decarbonisation harder It is positive that larger shipping companies are working on the technology that industry will need
Falling spot rates put pressure on contracts On current projections, the cost difference between shipping on spot or under contract could be wiped out by May on...
Week in newbuildings: Hydrocarbon carrier orders return Contracts for aframax and medium-range tankers were confirmed last week, in addition to handysize and ultramax bulk carriers. Furthermore, more...
Container logistics jitters grow as China blocks more highways Carriers may respond with void sailings, which will shore up rates but can create problems regarding equipment repositioning
Danaos orders four methanol-ready ships at Daehan It is the second order by Danaos within a month, after an order for two 7,100 teu ships from Dalian...
DP World faces more pressure over freeports Dubai-based terminal operator has resigned from the board of the Solent Freeport. But questions are also being asked by local...
Shipping warned not to duck decarbonisation 'The industry mustn't fall back into its traditional way of hiding in the corner and hoping it will all go...
PIL trials marine biofuel on container vessel Singapore-based carrier assesses the technical and commercial viability of using biofuel as a potential 'drop-in' fuel solution to achieve an...
Daily Briefing Saverys family seeks to block Frontline takeover of Euronav | Frontline 2.0: Who wants to be a 'supersized tanker behemoth'...
WestJet revs up cargo division with 1st freighter, new chief Canadian passenger airline WestJet is transforming itself into a hybrid passenger-freighter airline.
E2open's junk debt rating remains, but logistics software provider's outlook improving Major logistics platform E2open's heavy debt load can be handled by the company's free cash flow, S&P Ratings says.
Delayed return of United Airlines' 777s keeps lid on cargo capacity United Airlines is bringing back dozens of 777s after a safety issue was resolved, but the process is taking longer than expected.
Viewpoint: Shanghai's disruptive impact on the summer supply chain Zero-COVID policies seem effective only in creating widespread supply chain disruptions.
Shanghai port runs out of space for refrigerated containers Cargo is piling up at the Port of Shanghai because a citywide quarantine means most trucks can't reach the port to pick up loads and...
Hong Kong-Singapore delivered marine fuel 0.5%S spread widens to near 10-month high Reduction of LSFO supplies is expected for the rest of April though inventory levels are still ample, market sources said.
ICE Brent crude falls below $100/b on weight of China lockdowns, strong dollar, crude releases NYMEX May WTI settled down $3.97 at $94.29/b and ICE June Brent declined $4.30 to $98.48/b.
US encourages India to diversify from Russian oil, but resists heavy pressure Russian supplies accounted for less than 3% of India's 2021 crude imports of roughly 4.3 million b/d.
India MRPL sells marine fuel for mid-May loading to BP
Singapore overtakes Rotterdam as world cheapest source of marine fuel Premiums for high- and low-sulfur fuel oil and marine gasoil reached $46/mt, $82/mt and $250/mt, respectively.
Asia residual fuels: Key market indicators for April 11-15 Crude oil futures opened lower in Asia April 11, with June ICE Brent trading at $100.47/b at 0300 GMT, down $1.11/b from the 0830 GMT Asian close April 8
REFINERY NEWS: Russia Norsi in process of completing deep processing complex The deep processing complex will allow the refinery to reduce fuel oil output by 2.6 million mt/year and increase 10 ppm diesel output by 700,000 mt/year, S&P Commodity Insights reported previously.
Market Movers Europe: Energy market sees new coal sanctions, reports expected from OPEC and the IEA
VPS identifies large quantity of bunker fuel contamination in Singapore The Maritime and Port Authority of Singapore has taken steps to ensure that the situation does not further escalate while the issue is being brought under control.
OIL FUTURES: Crude falls on China lockdowns, stock releases, stronger dollar NYMEX May RBOB traded 11.20 cents lower at $3.0196/gal and May ULSD was down 3.89 cents at $3.2787/gal.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week Fuel oil stocks in the region represented 17.9% of total refined oil product stocks in the region, which is higher than the previous week share of 17.2%. The four-week rolling average stood at 937,250 mt.
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