Milestone LNG bunkering operation in China The 15,000 TEU LNG-fueled containership CMA CGM Symi was today bunkered at the Yangshan Deep Water Port, south of Shanghai. The operation, the first ship-to-ship LNG simultaneous operation (SIMOPS) bunkering in China,
Simulator technology: Game changer for floating offshore wind? Aiming to revolutionize the U.K.'s floating offshore wind (FLOW) sector, the University of Plymouth and Kongsberg Digital are joining forces. They plan to provide project teams and crew with facilities to verify,
Tidewater to roll out fleet management software solution fleet wide Aiming to optimize the lifecycle of its assets, Tidewater (NYSE:TDW) is to implement a harmonized fleet management system (FMS) across its entire fleet. The move comes as Tidewater is poised to again
Iran readies tanker fleet as pressure to lift sanctions builds Sanctioned Iranian tanker giant NITC has sent 24 of its ageing fleet to repair yards as negotiations that could return...
Danaos sets down longer-term marker with boxship newbuilds in China Danaos has contracted up to four 7,100 teu ships at Dalian but may be looking for more
Fertiliser supply constraints could dim demand for bulkers Russia's ban on exports could impact about 15% of global trade of solid finished fertilisers, reducing demand for the smaller-sized...
ICS sweetens R&D fund deal for developing countries The International Chamber of Shipping has amended its green R&D fund plan to earmark $500m for developing countries in a...
Between the Lines: Empty box flood poses new supply chain challenges A return to normality for the global supply chain will bring huge relief to container shipping, but the next headache...
Marine re/insurers and brokers head for Russia exit Moves follow similar decisions by host of big-name brokers
North and Standard merger likely to spark P&I consolidation 'If the market does contract from 13 to nine clubs in the future... there will be less competition, which shipowners...
Seafarer charity launches Ukraine appeal Charity deploys team to Ukraine to aid relief efforts and urges shipping companies to donate towards its emergency appeal
Peel Ports looks for opportunities in a crisis After presiding over a decade of growth at Peel Ports, Mark Whitworth is moving up to become chairman. He tells...
China lockdown fallout hits carriers Maersk has warned of a 'significant reduction' in trucking operational efficiency because of onerous coronavirus tests required for drivers in...
Carriers take different paths on terminal investments Container lines may have money to burn, but appear to have little interest in growing their terminal portfolios. Those that...
Evergreen vessel runs aground in US a year after Suez blockage Incident comes a year after another of the company's boxships, Ever Given, spent a week blocking the Suez Canal
Avance Gas' senior management steps down Chairman and chief executive of John Fredriksen company, which is focused on very large gas carriers, tender resignations
FMC extends detention and demurrage consultation That request was made by some 44 trade associations, including the Agriculture Transportation Coalition and the National Retail Federation
Daily Briefing North P&I merges with Standard Club to tackle industry challenges | Shell and Maersk Tankers still shipping Russia cargoes |...
Shanghai makes debut in LNG bunkering Maritime authority says the operation means Shanghai will join only a few ports in the world that can provide liquefied...
Amazon increases cargo flights 30%, could soon reach 100 freighters Amazon Air is a juggernaut. It has doubled in size in two years.
White House unveils freight data exchange to bolster supply chains DOT is leading a freight data exchange pilot project that it envisions as a long-term effort to speed cargo flow and cut costs for consumers.
Maersk, 94 other companies swell ranks of Amazon's Climate Pledge "Solving the climate emergency and decarbonizing our customers' supply chains is a strategic imperative for Maersk," said CEO Soren Skou.
OPEC keeps 2022 demand outlook steady, says long Ukraine war would cut investments With the US and Europe calling on oil producers to boost output in the face of bans on Russian crude, demand for OPEC crude is growing.
EU's fourth sanctions package to curb new investment in Russia's energy sector The measures include a "far-reaching ban on new investment across the Russian energy sector, with limited exceptions for civil nuclear energy and the transport of certain energy products back to the EU," the EC said in a statement.
RUSSIA DATA: Jan oil product exports drop 15% on year The drop followed inclement weather across Russia and at the Black Sea ports, with heavy snowfall resulting in a backlog of railcars and shipping delays at ports.
OIL FUTURES: Crude slumps under $98/b as China lockdown fears swamp war concerns News of the new COVID-19 measures in China came after a positive market sentiment March 14 on diplomatic talks between Russia and Ukraine, even though Moscow's invasion of the country continues to build.
European weekly fuel oil exports to Asia rebound slightly: Kpler Kpler estimated that 252,000 mt of European fuel oil will arrive in Asia in the week beginning March 14, higher than the 227,000 mt that had arrived the previous week. The four-week average was forecast to be at 194,000 mt, including the week starting March 14. This was the lowest it has been since July 2020.
CHINA DATA: Jan-Feb crude throughput falls 1% on year to 14.04 mil b/d Despite the year-on-year decline, the throughput in the first two months rose 1.1% from 13.89 million b/d in December, NBS data showed.
Singapor's bunker fuel sales seen steady over coming months after Feb's drop Higher HSFO bunker sales will possibly somewhat offset the drop in Singapore's low sulfur fuel oil demand due to lower regional LSFO prices in Zhoushan and ready supply in South Korea.
RUSSIA DATA: Jan-Feb crude, product port throughput rises 11% on year Crude oil throughput was 13.5% higher on the year at 41.4 million mt, while oil products rose 8.5% to 25.7 million mt, the association said. LNG was up 7.5% at 6.4 million mt.
S&P Global clarifies suspended Platts Black Sea dry bulk freight assessments Due to the ongoing Russia-Ukraine conflict, S&P Global Commodity Insights is clarifying that it has not published the Platts coal Taman, Russia to Paradip, East Coast India Supramax freight assessment since Feb. 24, 2022, where no relevant, relative data has been immediately available.
VIETNAM DATA: Feb oil product imports jump 52% on year to 747,510 mt Malaysia remained the largest supplier of oil products in the month, followed by South Korea, Thailand, Singapore and China.
Fujairah delivered marine fuel 0.5%S premium nears 26-month high on tight stocks Weak arbitrage economics gradually lessened LSFO stockpiles at Fujairah since the first quarter, while the recent economic sanctions slapped on Russia following its invasion of Ukraine added new dimensions that has intensified shortages, local bunker suppliers said March 15.
Japan delivered 0.5% sulfur bunker premium hits 3-month high on supply tightness Bunker traders said the country's second-largest bunker supplier Idemitsu Kosan was grappling with a technical glitch at its Aichi refinery in central Japan that has resulted in a shortage of bunker fuel supply.
Singapore delivered-ex-wharf 380 CST HSFO spread at 6-month high on prompt demand Buyers have been seeking prompt supplies to capitalize on a steep drop in flat prices, despite lackluster demand in recent weeks, Singapore-based bunker suppliers said March 15.
Asian refiners confident of finding Russia crude alternatives but seek OPEC+ supply boost: panel Asian refiners would have little problem sourcing alternatives to Russian crude oil, but end-users hope to see OPEC and its allies more than double the scale of the producer group's monthly production hike due to increasing feedstock cost burdens and faltering oil inventory levels, market participants said at the S&P Global Commodity Insights 9th Asian Refining and Petrochemicals Summit March 15.
Norway's Equinor to stop trading Russian oil In a statement, Equinor said it had some ongoing contractual commitments involving Russian oil including contracts to receive four cargoes in March, but would not enter into new agreements.
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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