Genting Hong Kong files winding up petition Genting Hong Kong, whose operations include Dream Cruises, Crystal Cruises and Star Cruises, yesterday filed a petition at the Supreme Court of Bermuda, pursuant to section 163 of the Bermuda Companies Act,
Wärtsilä to power 7 arctic shuttle tankers Wärtsilä is to supply the main and auxiliary engines for a series of seven new arctic shuttle tanker vessels being built at the Samsung Heavy Industries (SHI) yard in South Korea. The
Veteran Staten Island ferry is being auctioned off If you want to buy the historic Staten Island Ferry vessel John F. Kennedy, you'll need to get your bid in by p.m. MST, January 19, unless the seller extends the auction.
Alibaba-linked carrier pays premium charter for vintage boxship New carrier Transfar Shipping in which China e-commerce giant has stake, takes 20-year-old boxship in six-month deal
Rio Tinto aims for iron ore boost Leading miner is planning to boost iron ore shipments to up to 335m tonnes subject to the commission of new...
RightShip releases carbon accounting tool RightShip has added a tool for accounting and reporting emissions to its online platform as more companies look at monitoring...
Milder Omicron variant seen supporting tanker rates rebound Crude tanker supply surplus to persist as oil demand returns to pre-pandemic levels in 2022, says International Energy Agency
TT Club warns of cargo theft risk Delayed cargoes kept in temporary storage facilities are changing the nature of theft risk. Robberies from these facilities has grown...
Castor secures $55m loan deal with European lender Dry bulk carrier and tanker owner secures new financing for further expansion after acquiring 23 ships last year
Euroseas scores another long feeder charter averaging $45,000 daily Latest three-year charter for the 2,788 teu EM Astoria is expected to bring in at least $47m in revenue
Containership demand pushes demolition to record lows Red-hot demand and surging charter rates make even the oldest container tonnage desirable. Fewer than 20 ageing boxships were sent...
Singapore forges ties with Malaysia and Indonesia to tackle piracy Transit of over 1,000 vessels daily through the Singapore Strait remains safe, with robbers who attack ships often unarmed and...
Daily Briefing South Korea to fine 23 carriers over alleged price fixing | Torm pledges to meet carbon emission goals by 2025...
Zhonggu Logistics boosted by robust container market Zhonggu gets a lift from bullish market, operational improvements and asset disposal gains
Canada's Prince Rupert port aims for diversification to boost growth Port is being positioned for targeted growth in capacity and diversification of trade in 2022, says chief executive
In air cargo bull market, United flies dog food and mayo It's a sign of the supply chain times when customers are renting entire planes from United Airlines to haul low-value commodities like mayonnaise.
Port of Long Beach smashes annual record despite December 'speed bump' "Historic, pandemic-induced import surge" drove record-smashing volume at the Port of Long Beach.
How can zero-emissions shipping be commercially viable? "An earlier transition will allow more gradual changes, thereby reducing the risk of significant disruptions of the sector and of asset stranding," the report said.
European bunker prices soar amid tight supply, improved appetite for crude Tightness across bunkers market was the primary reason for the high valuations.
USGC marine fuel 0.5%S hits record highs on supply tightness Market has erased all the declines that occurred due to the ongoing coronavirus pandemic beginning in early 2020.
OIL FUTURES: Crude notches seven-year high as IEA raises demand outlooks, supply risks grow Increasingly bullish fundamental outlooks reflected in sharp widening of forward structure.
Trio designs methanol-powered bulker as climate targets for bunkers draw nearer As of 2021, 37 construction contracts for the Panamax series had been signed and the tripartite project takes the concept further, incorporating new energy solutions by SDARI.
LR tankers capitalize on spot WAF gasoline demand leaving smaller ships reeling Charterers have targeted LRs amid quick turnaround in spot demand leading to higher ship requirements due to more attractive dollar per metric ton rates.
FUJAIRAH DATA: Oil product inventories rebound from near-record lows Heavy distillates stocks, including fuel for power generation and for shipping, rose by 772,000 barrels, or 8.4%, week on week to 9.950 million barrels, amid what traders said was a generally buoyant outlook for bunker fuels in the Fujairah market.
Global refinery closures outweigh new capacity in 2021: IEA For 2022 the IEA forecasts 1.2 million b/d of new additions, while runs will rise by 3.7 million b/d to 81.2 million b/d.
JAPAN DATA: Jan 9-15 oil products output rises 6.9% on week Production of low sulfur fuel oil rose 23.2% week on week to 0.86 million barrels in the week, with high sulfur fuel oil production surged 38.7% to 1.45 million barrels.
Platts updates European fuel oil netbacks for 2022 The flat rate used to calculate FOB Mediterranean Marine Fuel 0.5% cargoes as a freight netback from CIF Mediterranean Marine Fuel 0.5% cargoes is $5.78/mt.
JAPAN DATA: Jan 9-15 oil product exports rise 19.6% to 3.52 mil barrels High sulfur fuel oil exports rose 1.4% week on week to 283,151 barrels in the week, while low sulfur fuel oil exports fell 26.3% to 276,251 barrels.
TENDER DATA: India's MRPL sells marine fuel for mid-Feb loading Premium of approximately $5-$8/mt to Platts FOB Singapore Marine Fuel 0.5%S and Argus marine fuel 0.5%S assessments, FOB, pricing five days around bill of lading
AMERICAS BUNKERS: Key market indicators Jan 17-21 According to data from the Panama Maritime Authority, sales of 0.5%S in Panama rose in December to their highest level in the IMO-2020 era, to 351,658 mt, for a total in 2021 of 3.531 million mt, a 2.8% decline from 2020.
Bunkering at South Korea's Busan, Ulsan inner ports resume, outer anchorages restricted Bunkering operations at outer anchorages, however, remains restricted, market sources said.
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