NCDOT set to start Ocracoke Express ferry service Hubert, N.C., based US Watercraft reports that the passenger ferry Ocracoke Express received its USCG Certificate of Inspection and will begin carrying passengers to Ocracoke Island for the North Carolina Department of
Ports of Auckland to take delivery of 70-tonne BP all-electric tugboat New Zealand's Ports of Auckland Limited (POAL) will shortly be taking delivery of Damen's first all-electric tugboat. With a bollard pull of 70 tonnes, the Damen RSD-E Tug 2513, named Sparky, will
Fishing vessel grounded after captain left wheelhouse unattended A captain's decision to leave the wheelhouse of a fishing vessel unattended while on autopilot t led to the vessel's grounding and sinking, says the National Transportation Safety Board in a marine
Container lines cut capacity with mixed results for freight rates Carriers have responded to the slowdown in exports out of Asia by blanking sailings to meet demand. This has worked...
Fredriksen 'disappointed' by International Seaways' 'poison pill' strategy Tanker tycoon 'extremely disappointed' at International Seaways' move to block his appointment of two new board members by diluting shareholding
Clarksons has positive start to the year All divisions, from broking to support services, reported a positive performance, chairman Laurence Hollingworth was expected to say at the company's...
Gard chief rejects 'Scandinavian superclub' idea Current premium levels put world's biggest marine mutual in 'good place' on pricing, but pool claims, inflation and Ukraine will...
Flex LNG sees improving spot rates LNG shipping company says three- to five-year year time-charters remain strong as spot rates gradually improve from a challenging first...
Rotterdam sees no threat of cargo surge from Shanghai There is no risk of a new armada of cargo similar to that which followed the Suez blockage. But supply...
Boxship charter market stable but feeders show signs of softening Recent boxship fixtures include a 3,800 teu vessel fixed by Wan Hai Lines at $125,000 per day for a short-term...
Shifting trade flows bode well for product tanker market The war in Ukraine has led to a recalibration of product tanker trade flows that are longer-haul, which is likely...
Cosco Shipping Ports appoints Yang Zhijian as chairman Yang replaces Feng Boming, who resigned last month and was reportedly moving to domestic rival China Merchants Group
Port throughput masks volume losses in Shanghai The double counting of teu for barge services shows the underlying volume of containerised cargo in Shanghai has taken a bigger...
CMA CGM agrees digital venture with PSA to cut emissions CMA CGM is expected to achieve 4% to 7% annualised bunker savings with the adoption of Opt E-Arrive
Cosco unit to order LNG carrier pair at Hudong-Zhonghua CSET says the deal could strengthen its business relationship with big Chinese oil companies and petrochemical companies
Gard becomes first P&I club to top $1bn premium income 'Strong results from fixed price P&I and our marine and energy book meant that overall, the group could return a...
Why VLCCs haven't joined the tanker market turnaround VLCCs usually lead the way when it comes to rates direction, usually in tandem with strengthening Chinese import demand, with...
Daily Briefing Invasion of Ukraine causing widespread disruption of shipping | Japan to phase out Russian oil imports | Pacific basin MR...
Russia's isolation deepens as shipping lines make final port calls First came a pause in cargo bookings to Russia. Now, ocean carriers have halted almost all of their Russian port calls.
Queensland signs hydrogen offtake deal with Port of Rotterdam The minister noted Queensland's A$2 billion Renewable Energy and Hydrogen Jobs Fund bringing the state's publicly-owned energy corporations into partnership with private sector projects.
German HSFO bunker premium to Rotterdam reaches all-time high on supply tightness Prior to 2022, the largest spread between the two ports was $49/mt in 2019.
REFINERY NEWS ROUNDUP: Plants in Asia-Pacific report higher runs in Q1 Thailand's Bangchak refinery reported 102% utilization in the first quarter, up from 94% in the previous quarter.
OIL FUTURES: Crude complex extend gains on forecast fall in 2022 US crude production Targeted by the NOPEC, or No Oil Producing and Exporting Cartels, legislation in the US that would allow antitrust lawsuits against the producer alliance, top OPEC officials said May 10 the bill would worsen market volatility by driving away investment in the oil industry.
Torm looks to changing trade routes, tonnage squeeze for clean products tankers in 2022 S&P Global Commodity Insights assessed clean US Gulf Coast-UK Continent LR1s at an average of $20.28/mt in Q1, 54% higher on the year.
JAPAN DATA: May 1-7 oil product output falls 1% on week Production of low sulfur fuel oil rose 31.4% week on week to 0.89 million barrels in the week to May 7, while high sulfur fuel oil production increased 0.4% to 1.56 million barrels.
JAPAN DATA: May 7 oil product stocks rise 7.5% on week to 58.40 mil barrels Middle distillate inventories were up 4.3% at 24.78 million barrels.
Iraq's SOMO offers straight-run HSFO for July-September loading SOMO is a regular seller of straight-run fuel oil from its refineries in Iraq.
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