Could tanks from older LNG carriers be reused in FLNG facilities? With demand for floating LNG (FLNG) facilities being widely predicted to rise, ABS has granted approval in principle to a design concept that could simplify FLNG construction. The design, jointly developed by
Russian flagship sinks under tow after reported missile strike The NGO Human Rights at Sea says that Russian attacks on merchant ships are war crimes. One Russian warship that won't be taking part in any more such attacks any time soon
Norwind Offshore orders two more CSOVs at Vard Ålesund, Norway, headquartered Norwind Offshore has exercised options with Vard for the design and construction of the two additional Commissioning Service Operations Vessels (CSOVs). The options were included in the contracts signed
More green pledges are welcome - but watch for the fine print The recent flurry of green pledges shows work is being done behind the scenes. But as we move from ideas...
European ports seek clarity and uniformity in ban on Russian vessels The European Sea Ports Organisation, which has 23 members, says that while it supports sanctions against Russia, there needs to...
China Merchants sees no impact from Euronav-Frontline merger Xie said his company will continue to focus on enhancing operational competence and optimising fleet structure to comply with international...
Bureau Veritas to downsize Russia marine business Bureau Veritas now claims that it has downsized its Russia business while Italy's Rina will continue to provide services to...
TEN sees tanker turnaround signs as rates hold firm New York-listed tanker and LNG carrier owner posts $101m net loss, including impairment charges of $86m
Flurry of green pledges spark calls for accountability Recent announcements about green corridors and alternative fuel trials are an encouraging sign of continued momentum, despite the situation in...
Industry alliances reveal implications of decarbonisation The Just Transition Taskforce, which was unveiled at COP26, will mark its first year with a report on how many...
Steamship chief executive Stephen Martin to retire Eastern syndicate head Jonathan Andrews steps up to top job at marine mutual
Port of Durban begins clean-up following flooding Severe rains and floods have damaged equipment and infrastructure. Terminals have resumed work but productivity is likely to remain low
USGC marine fuel markets monitoring reports of tainted bunkers in Houston Contamination is similar to the issues that have arisen in Singapore for high sulfur fuel oil.
Crude rally extends as rising Ukraine tensions drive demand ahead of long weekend Ambiguous wording and growing unease over sourcing Russian commodities have seen traders shy away from certain deals.
BUNKERWORLD INDEX: Demand tapering as prices firm on rising crude *Poor outlook for Singapore HSFO sales *High MGO prices expected in ARA *High prices dampening demand in North America
Russia limits oil data to prevent 'manipulation, pressure' on market participants: ministry The Central Dispatch Administration, or CDU, failed to publish March data on production and exports on the expected date, April 2, with an update on the 25th of the month now also apparently ruled out.
REFINERY NEWS ROUNDUP: Excess feedstocks push down Russian refinery runs Stronger domestic demand for diesel and gasoline was expected to provide some cushion in April. This means that run cuts at bigger refineries, which have reduced their fuel oil output, were estimated at around 15%-20%, but could reach as much as 40% for less complex sites.
OIL FUTURES: Crude falls amid lower demand outlook, varying supply sentiment Weaker-than-expected oil demand along with steady output rises from OPEC+ and the US should offset lost Russian supplies to help "bring the market back to balance," the International Energy Agency said in its monthly oil market report April 13.
India's MRPL offers marine fuel for early May loading MRPL is a regular exporter of marine fuel 0.5%S from its Mangalore refinery.
Vitol to halt trading Russian crude, oil products by year-end: source Russian oil volumes handled by Vitol will fall sharply in the second quarter of 2022 as current term contracts expire, the source said.
Mexican fuels market to become more concentrated in short term: panel As import permits expire and increased regulation makes it tougher to become an importer, the country's government is gradually achieving its goal of letting state oil company Pemex artificially regain some lost market share, panelists said during a discussion on the impacts of government subsidies on fuels.
COMMODITIES FOCUS PODCAST: Asian fuel oil prices simmer as peak summer demand looms In this podcast, S&P Global Commodity Insights' Rajesh Nair, Atsuko Kawasaki and Zhuwei Wang talk about the outlook for the Asian fuel oil market.
REFINERY NEWS ROUNDUP: Plants drop conventional upgrades, focus on renewables Cepsa has dropped its long awaited project for the Algeciras refinery, which included the construction of a new hydrocracker and will instead concentrate on increased hydrogen and biofuel investment.
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