TECO 2030 launches hydrogen-powered tanker concept Lysaker, Norway, headquartered hydrogen fuel cell developer TECO 2030 (OSE: TECO, OTCQX: TECFF) has partnered with Swedish tanker operator Ektank AB, Shell Shipping and Maritime, and DNV to unveil the Hy-Ekotank concept
Decarbonization: IMO's MEPC 78 takes just "baby steps" Nobody is that delighted with the outcome of last week's meeting of IMO's Marine Environmental Protection Committee (MEPC 78). The Clean Shipping Coalition characterized its results as "baby steps" towards increasing IMO's
WETA takes delivery of fast new ferry The San Francisco Bay Area Water Emergency Transportation Authority (WETA), which operates the San Francisco Bay Ferry fleet, has taken delivery of M/V Dorado. It is the fastest vessel in WETA's fleet
Chinese shipowner deploys VLCC mid-Atlantic for Russian oil The Panama-flagged Lauren II has been undertaking ship-to-ship transfers of crude loaded by other tankers from the Baltic port of...
Greece considers next move in Iranian oil dispute Iranian tanker anchored alongside the Greece-flagged Prudent Warrior for the past five days steps up pressure on Athens
More countries back net-zero target at IMO Observers call on the IMO to work faster, but some hailed its momentum in the past week on setting more...
Ukraine's Danube ports increase activity to boost grain trade The Danube ports are playing a fundamental role in facilitating international grain trade with outbound sailings quadrupling in comparison to...
The week in newbuildings: Dry cargo vessel orders advance Orders for 33 bulk carriers have been confirmed since the beginning of June, with supramax and kamsarmax units making up...
Boxship capacity set to outstrip demand growth Any easing in congestion will release capacity back into the market. A slowdown in demand will coincide with a surge...
Cosco nets $1bn leasing support for pulp carrier orders The deals will allow the Chinese shipowner to expand its controlled fleet capacity while reducing the risks of owning assets
The week in charts: Tankers shipping sanctioned crude switch to Russian trade | Newbuild tanker order activity stuck in downturn | Sovcomflot's mass tanker sale revealed At least seven tankers engaged in shipping Venezuelan and Iranian crude seen lifting or transferring Russian cargoes, global container volumes...
Singapore's bunker sales up 10% month on month The rise in bunker sales and vessel arrivals show that Singapore has remedied its fuel contamination situation, analysts say
Russian naval blockade of Ukraine ports threatens global food crisis, Zelenskiy warns Shortage of foodstuffs will 'inexorably' lead to political chaos, says Ukraine's leader
Daily Briefing Pericles was right; shipping can't ignore politics | Greek shipowners condemn Russian aggression but underline right to lawful trade |...
HMM rolls out online booking platform for container shipping The mid-to-long term plan of the South Korean carrier is to integrate landside logistics into the platform and to apply...
Congress passes ocean shipping reform; Biden plans to sign soon Biden will sign into law the first ocean shipping regulations passed by Congress since 1998.
Batten down the hatches: Shipping stocks 'unable to escape the torrent' Bulk commodity shipping stocks held up well before this month. Now they're falling alongside container shipping stocks.
Shanghai's weekend quarantine measure impacts exports Shanghai's weekend quarantine of 15 out of its 16 districts affected the flow of exports bound for the Port of Shanghai, according to CNBC Supply...
Iran-Venezuela sign 20-year cooperation accord including in energy, refinery repairs Iranian President Ebrahim Raisi pointed to refinery-related cooperation as one of the areas to expand business with Venezuela.
French CGT union calls a strike at TotalEnergies refineries June 24 The refineries will not receive any crude.
REFINERY NEWS: Iraqi Basrah starts building FCC; aims expansion by end-2022 The 34,500 b/d unit is funded via a Japanese ODA loan from the Japan International Cooperation Agency, S&P Global Commodity Insights has reported.
Asia residual fuels: Key market indicators for June 13-17 High sulfur fuel oil supply is likely to stay in plenty due to increasing inflows from the Middle East to Asia.
Thin competition likely to keep pressure off HSFO premiums despite China restocking Shanghai delivered HSFO bunker premiums last peaked at $209.13/mt May 13, the highest since since S&P Global started assessing the grade on Nov. 2, 2009.
CHINA DATA: Carbon Emission Allowance price steady at $8.81/mtCO2e June 10 Similarly to recent weeks, block trades accounted for the majority of trade volume, while open market liquidity remained low at 50 mtCO2e.
SPAIN DATA: Spanish biofuel consumption, incorporation rates down in April While ethanol consumption dropped, gasoline demand increased to 471,264 mt in April, reflecting an 8.7% monthly increase and a 25% rise on the year.
INTERVIEW: Spot business means clean tankers may lag in energy transition Tanker firm Hafnia has ordered four dual-powered tankers that can run on either LNG or very low sulfur (0.5%) fuel oil, but those efforts to start future-proofing the company's fleets against environmental targets for 2050 were for vessels which will be chartered out on long-term contacts, making the investment a safer bet, Hafnia executive vice-president commercial Jens Christophersen told S&P Global Commodity Insights on the sidelines of the Posidonia 2022 in Athens.
OIL FUTURES: Crude falls on recessionary demand worries *Strong US dollar, high inflation weigh on demand *China retreats from loosening lockdown restrictions
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators June 13-17 Markets for 0.5%S marine fuel remain tight across Europe and the Mediterranean, with more European barrels expected to head east.
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