Funding secured for two all-electric ferries for Stockholm Stockholm, Sweden, based Green City Ferries (GCF) says it has secured the funding necessary to start production of its first two Beluga24 design emissions-free ferries and has announced the first two routes
Admiral Linda Fagan confirmed as Coast Guard commandant The Senate has confirmed Admiral Linda L. Fagan as commandant of the U.S. Coast Guard. Fagan, whose nomination was announced in April, will be the first woman to hold the position. President
World's largest ice-rated multi-fuel ConRo delivered Chinese shipyard CIMC Raffles today delivered Botnia Enabler, the first of two multi-fuel Knud E. Hansen designed ConRo ships, to Gothenburg, Sweden, based Wallenius SOL. "We're incredibly pleased and proud to welcome
EU committee to vote on divisive ETS changes The European Parliament struck a compromise deal on changes to the ETS. The 'charterer-pays' clause and Ocean Fund are in...
The Lloyd's List Podcast: Is AI really changing shipping? Technology changes slowly at first and then very, very rapidly and there is a small window of opportunity before artificial...
The View: And then there were 12. Owners should worry about P&I consolidation Whether a slimmed-down IG would meet the textbook definition of oligopoly is a matter of taste, but six entities with...
CMA CGM to encourage early equipment return Congested supply chains have led to shortages of container equipment for exports. CMA CGM will now credit those returned within...
Boxship newbuilding orderbook set to hit 30% of operational fleet Newbuilding contracts awaiting confirmation for CMA CGM, MSC and Seaspan will drive the global boxship orderbook past 30% of the...
Methanol to make significant impact in 2020s, says Maersk Industry experts in Mumbai discussed availability, pricing, safety, and environmental impact of this fuel. The IMO is expected to focus...
Ukraine war pushes war loss and damages incidents to highest levels since 1991 Lloyd's List Intelligence casualty report analysis reveals that war loss and damages casualties are now at a 30-year high
Yang Ming optimistic about container shipping outlook Yang Ming expects demand for container shipping to remain strong on expectation that the lockdowns in China will be lifted...
India may look to Russia to plug coal supply gaps Indonesian industry leaders have told Lloyd's List that coal shipping activity has increased on India's coal drive, but it is...
Société Générale sets up shipping desk in Singapore Société Générale is expanding its shipping finance team in the Asia Pacific region by establishing a presence in Singapore
HMM posts record first-quarter earnings South Korean carrier expects market volatilities in relation to the Russia-Ukraine crisis and China's coronavirus-led lockdowns to continue in the...
Oil slowdown clouds tanker rates recovery outlook 'Soaring pump prices and slowing economic growth are expected to significantly curb the demand recovery through the remainder of the...
Viewpoint: Shanghai's reopening pledge nothing more than the boy who cried wolf When it comes to lifting lockdowns in China, false hope will remain the norm.
RBOB leads petroleum rally on tight inventories ULSD crack against Brent has eased in recent days
Iraq feels pull of European demand for Russian crude alternatives This is a slight change in policy for Iraq, which in recent years had earmarked around 70% of its oil for Asian buyers, underpinning the push by OPEC's second-largest producer to prioritize sales to its most lucrative market.
SINGAPORE DATA: Residual fuel stocks plunge to near 3-year low as exports rise Singapore exported 50,049 mt of fuel oil to Bangladesh over May 5-11 as the country has been increasing fuel oil purchases amid rising temperatures.
Russian oil demand, export revenues take hit from escalating sanctions: IEA Commercial flights from major Russian airports fell 31% in March, according to FlightRadar24 data, but the IEA estimated that jet fuel demand by the Russian military almost trebled from 30,000 b/d in January to almost 90,000 b/d in early April.
INTERVIEW: India's refiners need to diversify to de-risk in changing energy landscape - FIPI chief Singh said a lot of research in alternative energy had resulted in the development of technologies for production of biodiesel and 2G-ethanol, which would support the initiatives of the government to move to cleaner fuels and help cut dependence on crude oil imports.
Rising prospect of EU-wide embargo fails to stem Russian Urals flows Looking closer at the trade flows, Indian refiners took 804,000 b/d of Urals crude in April, more than a third of the total exported volume. Urals flows to European refineries look to have plateaued after falling sharply following Russia invasion of Ukraine.
SINGAPORE DATA: April bunker sales fall 12% on year to 3.74 million mt: MPA Market participants said higher bunker prices had also led to quicker utilization of credit lines, preventing some owners from taking larger stems.
Tight HSFO inventories to buoy Shanghai bunker premiums: traders S&P Global started assessing Shanghai-delivered 380 CST HSFO on Nov. 2, 2009, while premiums have been at all-time highs since May 5, according to the data.
ARA fuel oil stocks drop 4.6% on week to 1.033 million mt: Insights Global Availability of non-Russian HSFO at Amsterdam-Rotterdam-Antwerp hub was improving amid signs of improving supply, sources said May 12.
ARA gasoline stocks up 1.2%, naphtha down 26%: Insights Global The rise in gasoline inventory brought the stock level 18% above the May 2021 average.
ARA jet, kerosene stocks fall 6.2% on week: Insights Global Market still remained tight, with air travel demand looking bullish, according to a middle distillates trader.
BUNKERWORLD INDEX: Prices fall on sluggish demand while IEA warns of undersupply In Singapore, demand remained steady on the week, as falling crude prices spurred demand for more competitively priced bunker fuel. Cargo availability improved slightly, with sellers quoting deliveries for low sulfur fuel oil 5-8 days forward, from 9-12 days the previous week.
Oil traders wind down Russian oil buying ahead of EU sanctions deadline Rival Gunvor said its contracts with Gazpromneft and Rosneft have already been suspended and were being wound down "in accordance with sanctions rules".
Top forecasters warn on oil demand destruction despite summer rebound Certainly the shift to demand jitters from supply fears has been striking over the past couple of months when the Dated Brent benchmark pivoted from around $140/b in March back to closer to the $100/b mark in recent weeks.
European gasoline blending components hit record highs "There is lots of cheap naphtha around for blending, but it seems that the price of octane boosters is correcting for that," a Europe-based gasoline trader said.
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