Vessels converted to storage need extra corrosion protection One impact of the Russian invasion of Ukraine has been an increasing interest in converting existing oil and gas carriers into FSUs and FSRUs as nations rush to get oil and gas
Guadeloupe ferry project showcases digital shipbuilding solution The PT Kim Seah Shipyard in Indonesia is using Incat Crowther's digital shipbuilding solution to construct a 35 meter catamaran ferry for CTM Deher of Guadeloupe in the French West Indies. Incat
Austal USA celebrates opening of steel shipbuilding facility Mobile, Ala., based Austal USA yesterday hosted a curtain drop ceremony to celebrate the opening of the company's state-of-the-art steel facility in front of over two hundred guests. The addition of steel
Excelerate Energy raises $384m in New York IPO Company has 10 purpose-built floating storage and regasification units representing a fifth of all units
UN: War in Ukraine compounds existing crises Economies are still suffering the effects of two years of the pandemic. For less developed nations, the war in Ukraine...
Beijing intervenes as carriers skip calls at Shanghai port The Chinese government is demanding that shippers pick up their cargo, including reefer containers, from the ports as soon as...
Piracy incidents in Gulf of Guinea continue to fall 'Worldwide, this is the first quarter since 2010 where no crew kidnappings have been reported,' says IMB
Lower IEA oil forecasts weigh on nascent tanker rates recovery Russia's military incursion into Ukraine is shaping up to be the most significant shock in oil markets since the early...
Mid-life ships will struggle to comply with CII targets, says report Finnish technology business Wärtsilä warns that more than 80% of bulk carriers and container ships will be in the lowest...
Zodiac boosts PCTC newbuild backlog at CIMC Raffles Zodiac Maritime is boosting its vehicle carrier fleet at a time of rising demand for long distance car shipments and...
Russia coal shift to benefit panamaxes the most A shift in global coal flows following sanctions as a result of the Russian invasion of Ukraine will see an...
Glencore linked to supplies of Singapore's contaminated fuel By the time of testing, Glencore had already sold part of the affected fuel to PetroChina International (Singapore), which in...
Italy's Cambiaso Risso signs up to Poseidon Principles for marine insurance Move in line with company's corporate social responsibility philosophy and environmental, social and governance strategy, says chief executive
Union prepares case for US west coast labour negotiations With supply chains still under extreme pressure, the upcoming west coast contract negotiation is being watched closely. The ILWU is...
Pacific Basin confident about China demand Hong Kong-listed shipowner said the disruption from China's coronavirus outbreak was only short-term, while the full-year outlook was still positive
Saverys up Euronav stake again as boardroom battle looms CMB was already Euronav's biggest shareholder, but the Saverys family have further increased their lead, with a 14.39% stake putting...
Chile to develop green shipping corridors Chile plans to set up a network of green corridors in out of the country, helped by its potential to...
German owners group names Kröger to replace Nagel as chief 'Ralf Nagel has continuously steered the association safely through these times of crisis and has been an excellent representative of...
Sovcomflot ships return to North database Club declines to comment on relationship with widely sanctioned tanker operator
P&O Ferries: UK fleet remains largely inactive as third vessel is detained Seven ships from P&O Ferries' UK-managed fleet of ships remain out of service
US-flagged fleet ripe for decarbonisation, study shows The US-flagged fleet of mostly domestic and inland ships is a prime candidate for early decarbonisation, according to a green...
QatarEnergy teams up with MOL on LNG carrier newbuilds in China It is the first order that Qatar has brought into effect having signed slot-reservation agreements for about 100 LNG tankers...
Safe Bulkers agrees to buy seventh capesize Owner views price for secondhand bulker as 'competitive'
Delta Air Lines eyes cargo surge after Shanghai lockdown eases Delta Air Lines grew Q1 cargo business because of supply chain chaos like that unfolding in Shanghai now. (Photo: Delta)
If globalization is really over, what happens to supply chains? The future of global supply chains is in flux. The pandemic was a game changer. Then came the war.
Crude rally extends as markets eye US product draws, stalled Russia-Ukraine talks NYMEX May WTI settls up $3.65; ICE June Brent gains $4.14.
Greenpeace confronts tanker delivering Russian fuel oil to the UK's Immingham port The tanker's fuel oil cargo is thought to be destined for the nearby, 108,000 b/d Lindsay refinery, owned by the Prax Group, Greenpeace said.
SINGAPORE DATA: March bunker sales rise for the first time since Oct, up 7.7% on month Sales of both low and higher sulfur fuel oil bunkers in March reversed double-digit declines from the previous month, MPA data also showed, amid steadier demand towards end-March onwards.
NWE HSFO prompt swaps market moves into contango as tightness eases Traders reported an increase in the production of non-Russia HSFO, with refineries in Turkey, Greece and Italy named as the main sources within Europe.
Singapore's MPA mulls additional bunker fuel checks after contamination Preliminary investigations conducted by the MPA found the affected fuel -- a blended product -- was supplied by Glencore Singapore Pte Ltd, the MPA said in a statement.
OIL FUTURES: Crude higher as Russia-Ukraine peace talks stall Russian president Vladimir Putin said April 12 that peace talks with Ukraine had hit a dead end, weakening any hope for a resolution to the conflict and exacerbating concerns of a possible EU embargo on Russian oil.
JAPAN DATA: April 3-9 oil products output drops 13.3% on week Production of low sulfur fuel oil fell 6.6% week on week to 0.73 million barrels in the week to April 9, and high sulfur fuel oil production dived 32.2% week on week to 1.15 million barrels.
JAPAN DATA: April 3-9 oil product exports drop 28% to 2.92 mil barrels Low sulfur fuel oil exports jumped 24.5% week on week to 344,604 barrels in the week to April 9, and high sulfur fuel oil exports increased 2.9% on the week to 1.04 million barrels.
Portuguese Galp's Q1 processing up 10% as refining margin widens The production uptick, equivalent to 242,000 boe/d, came amid a more than threefold surge in refining margin to $6.80/b in Q1 from $1.90/b in Q1 2021.
FUJAIRAH DATA: Oil product stocks at two-week high despite plunge in middle distillates Heavy distillates used as fuels for power generation and for marine bunkers gained 2.9% over the same period to 11.001 million barrels, the highest since Jan. 31.
RUSSIA DATA: St. Petersburg oil terminal throughput steady in Jan-Mar The terminal on the Baltic Sea handled 2.064 million mt over January-March versus 2.022 million mt in the year-ago period.
Atlantic tanker freight rates hit two-year highs as Russia crisis disrupts crude flows With refiners across Europe reluctant to take Russian barrels, a lot of crude from West Africa and US is filling the void as supply from the Baltic and Black Sea ports gets squeezed.
Global mobility edges higher as concern over China lockdowns weigh Mobility in 13 countries, representing about half of global oil demand, averaged 6.9% below pre-coronavirus levels in the most recent week, according to adjusted Google data, compared with 7.4% below from the week before and up from a seasonal low of 25% below on Jan. 6.
IEA sees weaker oil demand outlook, stock releases balancing Russian losses The IEA lowered its 2022 global oil demand outlook by 260,000 b/d and sees demand growth of just 1.9 million b/d due to China lockdowns amid surging Covid cases and broader weakness across OECD countries.
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