"Tougher than IMO" bill on ship emissions introduced in House There have long been warnings that failure by IMO to act more aggressively on shipping decarbonization would lead more countries and regions to introduce their own measures. Already, the EU is moving
Lake Pilots take delivery of third Gladding-Hearn launch Gladding-Hearn Shipbuilding, Duclos Corporation, has delivered a new pilot boat to the Lake Pilots in Port Huron, Mich., by road transport. The Resilient Class high-speed launch is the pilots' third boat built
Philly Shipyard cuts steel for third NSMV TOTE Services and Philly Shipyard yesterday celebrated the cutting of steel for the third National Security Multi-Mission Vessel (NSMV), which is set for delivery to Maine Maritime Academy by the end of
VIDEO: U.S. biomass exports could reach Japan on hard sail fitted ships The Drax Group, whose U.K. power stations generate electricity using wood pellets produced from sustainable low-value commercial forestry residues, is also a major supplier of those pellets worldwide. Now it is looking
ClassNK awards AiP for ammonia-fueled tugboat design A Japanese project aimed at trialing an ammonia-fueled tugboat - the A-Tug - in the port of Yokohama by FY2024 has reached an important milestone. It has now gained an Approval in
MSC's TiL ports unit unveils $705m investment in Le Havre Terminal Investments Ltd takes sole ownership of two joint venture container terminals at France's port of Le Havre
Will shareholders pay the price for John Fredriksen's legacy-seeking strategy? 'It's basically exchanging shares of Euronav into shares of Frontline. Then you have to have faith in the John Fredriksen...
Maritime fintech platform expands with new version Cost and time benefits of the platform are increasingly being pitched to banks
UK Club 'disappointed' by court ruling on Venezuela claim Marine mutual cannot be granted permanent anti-suit injunction because South American government enjoys sovereign immunity, but loss of military patrol...
MSC pulls out of offer talks with Global Ports Holding MSC had until July 13 to turn an intention into a firm offer or walk away
China port congestion risks further disruption China's ports are suffering from congestion against a backdrop of bad weather and high yard density. A further shutdown in...
Containership master reported missing at sea The 4,200 teu chartered boxship left the Turkish port of Yalova on June 30 and arrived at Algeciras on July...
Sanctioned Sovcomflot calls bondholder meeting over 'impracticable' terms Sanctioned Russian shipping company has called for meetings with Irish bondholders to find alternative ways to make repayments
Interoperable electronic bill of lading takes a step forward Digitalised bills of lading can save time and money for carriers and beneficial cargo owners. But individual platforms need to...
Britannia's Cutler in line to chair International Group Britannia CEO expected to take on role for three-year term in November
Fuel supply reliability seen as key concern in volatile market 'Day to day there can be a price change of $30, $40, $50 per tonne of oil,' says Maersk Oil...
Euronav founders say legal merger with Frontline 'highly unlikely' The Saverys family, which owns 19.6% of Euronav compared with John Fredriksen's 18.8%, is opposed to a voluntary share exchange...
ITF calls for more intervention in container shipping Transport think tank calls for a reconsideration of policies surrounding container shipping after the disruption of the past two years...
Fearnley Securities to offer 'green transition' services 'Fearnley Securities will be better positioned to service the group's regional clients within our traditional core sectors,' says general manager
Global Centre for Maritime Decarbonisation signs partnership deal with law firm GCMD deal with Ashurst aims to foster collaboration to accelerate the maritime industry's decarbonisation efforts
Daily Briefing Share exchange launched for Frontline and Euronav merger | Russian class society remains EU recognised organisation | Jailed former shipowner...
Seafarer suicide is part of a wider mental health crisis A study conducted on behalf of the UK government concludes that better data and a holistic approach to mental health...
Latam deploys more freighters to boost European cargo connections Latam Cargo's expanded freighter fleet has made it possible to open up extra dedicated service between Europe and the Americas.
Regional cargo haulers move to convert standard passenger jets Companies that want standard freighters from the pre-owned market are in a race to find suppliers. Raya Airways and ASL are in the door with...
Brazil plans to buy 'cheap' diesel from Russia amid price concerns: Bolsonaro Brazilian President Jair Bolsonaro indicated the country is close to buying cheap diesel cargoes from Russia
EIA lowers oil price outlook but warns of continued risks to global markets
US Energy Secretary pushes clean energy as solution to high energy prices, energy security woes
ICE Brent falls below $100/b amid global recession fears, China lockdown concerns
REFINERY NEWS: PetroChina Dalian resumes gasoline export in July State-owned PetroChina's 20.5 million mt/year flagship refinery Dalian Petrochemical in the northeastern Liaoning province, will resume exporting gasoline in July, according to sources with knowledge of the matter July 12.
Japan needs supply, demand saving measures for Sakhalin 2 LNG contingency: IEEJ Russia accounted for 9% of Japan's total LNG imports of 74.32 million mt in 2021, its fifth-largest supplier, according to data from Japan's Ministry of Finance.
CHINA DATA: Carbon Emission Allowance price at $8.50/mtCO2e July 8 The price decrease was driven by a continuous drop in demand.
ASIA MIDDLE DISTILLATES: Key market indicators for July 12-15 The Asian gasoil complex may continue to show signs of weakness over the coming week as refineries in the region maximize gasoil exports to capture still-high cracks.
South Africa deferring tighter fuel specs could prop up refineries The introduction of a 10 ppm sulfur content cap and 1% benzene limit in gasoline has been delayed to July 2027 from September 2023, according to the official national gazette.
OIL FUTURES: Crude extends losses amid COVID-19 surge in China, weak global economic outlook In addition, the US department of energy's sale of barrels from the Strategic Petroleum Reserve (SPR) at the rate of 1 million b/d bolstered the fall in oil prices pushing the price curve ahead, as market players expect higher prices in the future when eventually the US government decides to reverse course, according to Smith.
Oil, commodity prices under renewed pressure as euro flirts with dollar parity Brent crude futures were trading 2% lower at below $105/b in early European trade amid fears of new lockdowns due to COVID-19 infections in China and fears that fiscal tightening by Central Banks will tip global growth into reverse.
ASIA RESIDUAL FUELS: Key market indicators for July 12-15 High sulfur fuel oil supply was likely to remain ample July 12-15 due to increasing inflows to Asia, sources said, even though Saudi Arabia has started buying HSFO for demand in the Red Sea.
RUSSIA DATA: January-June crude, product port throughput rises 4.1% on year Crude oil throughput was 11.8% higher on the year at 130.6 million mt, while oil products were down 8.6% to 68.3 million mt in the same period, the association said. LNG was up 7.5% at 18.6 million mt during the firts half of the year.
Damping mechanism protects Russian domestic oil market: Spimex The damping mechanism was introduced to compensate Russian producers when export prices exceed domestic values.
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