Keel laid for two electric ferries for Dutch operator Designer CoCo Yachts B.V. of the Netherlands reports that a keel laying ceremony was recently held for two all-electric ferries on order at Holland Shipyards Group for Dutch ferry operator Riveer. The
Insolvency administrator goes to work at Genting's German shipyards There's some good news for the approximately 2,000 employees at Genting Hong Kong's German shipbuilding subsidiary MV Werften, which filed for insolvency January 10. Though they have not been paid their December
New safety guidance aims to cut pilot transfer fatalities Some two years after the tragic accident that cost the life of Sandy Hook pilot Capt. Dennis R. Sherwood when boarding an inbound containership, an industry guidance on pilot transfer safety has
Chevron HDAX 9700 engine oil wins first-of-its-kind approval Chevron HDAX 9700 has become the first lubricant to gain time-unrestricted approval for use MAN Energy Solutions' four-stroke engines, running on either LNG or distillate fuels (with a sulfur content of up
Damen to supply plug-and-play steering gear for dry cargo quartet Four 7,000 dwt diesel-electric multi-purpose dry cargo vessels on order at Thecla Bodewes' Kampen shipyard in the Netherlands, will feature Optima nozzles, Van der Velden plug-and-play piston-type steering gear and Van per
Oldendorff trials biofuel on voyage from Australia A 38,617 dwt Oldendorff Carriers bulker is headed from Western Australia to Vietnam using biofuel supplied by BP. The bulker, the Edwine Oldendorff, is carrying 30,000 tonnes of sustainably certified malting barley
Green lobby seeks harder deadline as shipowners hail carbon market win The emergence that the EU is considering shifting the burden of paying for carbon market credits to charterers, as part...
Teekay LNG to rebrand as Seapeak Common units will be suspended from trading on the New York Stock Exchange today and will be delisted within 10...
Pandemic speeding up renewal round quotes at Shipowners' Club 'We are ahead of the game compared with previous years because we are not getting distracted by lunches, meetings in...
Rising box freight rates show few signs of easing High headhaul rates spot rates are pushing up rates for longer-term contracts on major trades. Only in backhaul rates to...
Owners with upper hand keep boxship charter rates at record highs Regional carriers seen most impacted by elevated market conditions as they lock into deals for smaller tonnage beyond anticipated duration...
US crude production to hit record highs in 2023 US crude output to reach 12.4m barrels per day and liquefied natural gas exports to hit 12.1bn cu ft in...
Supply constraints forecast to weigh on LNG spot rates through to 2023 Spot rates for global fleet of LNG carriers not expected to surpass 2021 levels
EU rejects HHI's acquisition of Daewoo Shipbuilding The European Commission says it received feedback expressing concern 'that the transaction would create a company with a dominant position...
Indonesia allows 37 coal ships to resume exports The partial easing of the coal export ban is to be 'supervised closely . . . to improve domestic governance,'...
Exclusive: EU proposal would make charterers pay for emissions Changes to the EU ETS would add a binding clause to make charterers responsible for the costs of buying allowances...
Daily Briefing Rising infections prompt warning over new crew-change crisis | Port congestion leading to increasing equipment imbalance | Maersk brings forward...
CMA CGM to bunker LNG in Shanghai The 10-year agreement will see SIPG provide the service using a a 20,000 cu m newbuilding LNG bunker vessel
Overdue crew levels at record lows as more seafarers are vaccinated Some seafarers remain hesitant about being inoculated while the vaccines are short supplied, or not recognised in certain geographies. And...
Delta Cargo celebrates diamond anniversary with $1B of revenue Delta Air Lines is on the path to recovery from the depths of the coronavirus pandemic, but omicron remains a hurdle.
US all-cargo carriers force Saudia retreat on flying privileges United opposition from four major U.S. cargo airlines has made Saudia reconsider its request for an exemption to fly freighters outside the normal regime governing...
Air cargo growth hits supply chain turbulence Growth in air cargo volumes decelerated in the last two months of 2021. Blame it on too much demand stressing the freight system.
Biden's 2030 economywide emissions target attainable if done in 'right way': EPRI Optimism for President Joe Bidens goal of reducing economywide emissions 50% from 2005 levels by 2030
Brazil's Enauta suspends output at Atlanta field for repairs Enauta suspended output at the Atlanta field to inspect and repair a production line
Shipping efficiency targets could prompt slower speeds and reduced capacity: market sources Escalating energy efficiency targets will mean slower speeds in much of the global fleet
Crude edges lower as market consolidates after hitting nine-week highs Crude markets trended lower after a two day climb that saw Brent futures push up
Japan's IMO-compliant domestic bunker contracts for Q4 settles at Yen 76,000/kl The settled quarterly price, widely used by bunker fuel suppliers and shipowners in Japan's domestic market, is decided by representatives of fuel oil suppliers and shipping companies in quarterly discussions, with companies taking turns each quarter in handling the discussions.
JAPAN DATA: Oil product exports fall 9% on week to 2.94 mil barrels Imports of LSFO came in at 210,608 barrels over Jan. 2-8, up more than seven times from 28,318 barrels in the previous week.
Russia's Transneft plans to increase oil shipments 2% on year in 2022 This would represent an increase of 2% on shipments of 449.7 million mt -- or around 9 million b/d -- in 2021.
Fuel oil exports from Russia's Tuapse seen at 420,000 mt in Jan The European fuel oil market has remained focused on news of increased Chinese very low sulfur fuel oil output quotas, which has encouraged a more bearish approach to develop across European fuel oil markets.
Mediterranean gasoline market seeing support from arbitrage to Persian Gulf Around 330,000 barrels of gasoline are expected to load in the Mediterranean region for export to the Persian Gulf in the week starting Jan. 10, up from no exports the week prior, according to Kpler shipping data.
OIL FUTURES: Crude prices lower on softer US gasoline demand Crude markets trended lower after a two-day climb that saw Brent futures push up to the $85/b mark.
Global mobility picks up after year-end slump as omicron fears wane Mobility in 13 countries representing about half of global oil demand averaged 18.7% below pre-COVID-19 levels in the week to Jan. 10, according to adjusted Google mobility data, up from a low of 25% below on Jan. 6. The current activity level also compares with 33% below pre-COVID levels during the same week in 2021.
SINGAPORE DATA: Dec bunker sales dip 1% on month to 4.18 mil mt on slower demand Low sulfur bunker fuel sales accounted for 63.5% of the total, up from 63.1% in November. Out of the total bunker sales, the proportion of LSFO sales shrunk 2.6 percentage points on the year to 65.8% in 2021.
INTERVIEW: Scrubber use boosts HSFO, even as cleaner fuels emerge: industry expert The Hi-5 spread, the differential between IMO-compliant LSFO and the erstwhile mainstay 380 CST HSFO, has been "very high in Singapore... much higher than in the US or Europe, but I still see the Hi-5 widening some more," Adrian Tolson, director of global research and consulting company BLUE Insight, told S&P Global Platts in an interview.
Panama Canal LNG transits fall 30% in December amid diversions to Atlantic: operator data Most recently cargoes have begun to look east again as slots for February fill up in Europe.
Indonesia may allow 37 vessels to sail, possibly easing coal export ban: sources A list of 37 vessels, seen by S&P Global Platts, has been prepared after a meeting of top government officials concluded Jan. 12, allowing owners of these vessels to sail if they fulfill their domestic market obligation, or DMO.
Mumbai-Singapore delivered marine fuel 0.5%S spread nears four-month low LSFO bunker inventories in Mumbai have been rising in January after stocks lagged behind steady downstream demand in November and December, market sources said.
Bunkering schedules at Yangtze River ports may remain delayed in Jan: sources Some Yangtze River ports, such as Nanjing and Jiangyin, have been experiencing a shortage of pilots because of the pandemic since December, industry sources said.
FEATURE: Tanker freight market stares at bleak H1 outlook after Q4 demand fails to materialize OPEC+, which controls about half of global oil supply, stuck with supply increases throughout Q4 2021, with many members, however, underperforming, incapable of hitting their production targets.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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