MARAD expands America's Marine Highway Program The U.S. Department of Transportation's Maritime Administration (MARAD) today announced the designation of one new marine highway route, two new marine highway projects, and one project designation extension as part of the
New Seabulk tug features Berg's most advanced hybrid electric package ever SEACOR Group member Seabulk's recently delivered harbor tug Spirit adds to a fast-growing reference list of vessels featuring a fully integrated hybrid propulsion plant from Sweden's Berg Propulsion. Built by Master Boat
Ukraine crisis: Columbia acts to help traumatized seafarers and families Columbia Shipmanagement (CSM), together with its owning company and its clients, have raised over $1.5 million and assembled a team of 320 psychologists, mostly from Ukraine, to aid traumatized families of seafarers
Japan's Roboship will feature ABB technology The 499 gt Roboship biomass fuel carrier design unveiled last year by Tokyo-based e5 Lab Inc. and Mitsubishi Shipbuilding will be equipped with a complete modularized electrical propulsion package from ABB. The
China proposes market-based plan to spur shipping decarbonisation Argentina, China, Brazil, South Africa and the United Arab Emirates have proposed a market-based emissions measure at the International Maritime...
Europe leads forecast 5% rise in LNG trade for 2022 'Supply tensions and high short-term prices are likely to have a negative impact on natural gas consumption in price-sensitive emerging...
Mixed bag for the dry bulk market Atlantic grains have lifted the panamax segment, but limited iron ore volumes from Brazil have weighed on the capesize sector
Euronav buys two VLCCs from Hartree Partners Price for scrubber-fitted ships reflects premium for newer, more efficient ships ahead of 2023 regulations to reduce carbon intensity and...
Shipowners' Club reports first International Group underwriting surplus for three years Smaller vessel specialist brings combined ratio below 100%
English High Court rulings binding in China, Shanghai court finds Important decision likely to be followed in other city maritime courts, according to analysis by Gard
Beijing introduces measures to ensure smooth cargo flow The draconian lockdowns imposed in several parts of China have caused havoc with the country's supply chains. Moves are afoot...
Crew do not need to be on lifeboats during drills InterManager has highlighted the issue, given the continuing needless deaths, because some parts of the industry are not aware that...
Greece seizes Russia-flagged tanker laden with Iranian crude Tanker seized in waters off Greece also has patchy vessel-tracking data
The week in charts: Panamaxes to benefit most from shift in coal flows | Piracy continues to fall in Gulf of Guinea | Scrap prices rise Atlantic Basin medium-range tanker spot rates hit 10-year high last week, dry bulk market to benefit from anticipated surge in...
Daily Briefing Ever Forward refloated after a month-long salvage operation | Extended Shanghai lockdown expected to increase void sailings | WSA forecasts...
Noose tightens on Russian economy as import options dwindle Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
Shanghai tries to ease supply chain crunch amid lockdown China took steps to restart export manufacturing, but strict COVID measures pose a continuing challenge for logistics providers.
OIL FUTURES: Crude price slide extends amid Chinese demand concerns, Libya outages Continued pandemic lockdowns across several major Chinese cities continues to foster demand growth concerns, analysts said.
TotalEnergies' refining margins rise in Q1 on ballooning distillate cracks The French major is not alone in reporting increased margins, but is set to benefit in terms of margins due to the size of its European footprint as the continent moves to limit imports of Russian oil in response to the invasion of Ukraine through official sanctions and companies cutting Russian purchases.
Japan's MOL, Trafigura to provide biodiesel for MOLCT-operated ships Last June, MOL Group announced a target of achieving net-zero greenhouse gas emissions by 2050, with several initiatives underway to "adopt clean alternative fuels" to help achieve this target, and positioning biodiesel fuel (BDF), as an effective alternative to fossil fuels.
European VGO loadings fall 27% in week to April 15: Kpler Sources spoke of some demand for Russian VGO in the Eastern Med, with reports of cargoes originating in the Black Sea.
'Time not ripe' to introduce carbon futures and options in China: market experts China's national compliance carbon market has been operating for nine months, with supply and demand dynamics still largely policy-driven.
REFINERY NEWS: China's Shenghong complex startup delayed again to H2 2022 The startup of Shenghong Petrochemical's greenfield refining complex with a capacity of 16 million mt/year in Lianyungang, eastern Jiangsu province, is likely be delayed again to the second half of this year, according to sources with knowledge of the matter April 19.
REFINERY NEWS ROUNDUP: Hydrogen projects in focus in the Middle East The project aims to produce more than 1.8 million mt/year of hydrogen at full capacity, which could produce up to 10 million mt/year of ammonia.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators The lower sulfur market was reportedly still tight, with blending components out of Russia hard to come by, according to market sources.
AMERICAS BUNKERS: Key market indicators April 18-22 Retail marine fuel spot pricing entered the week of April 18-22 trending higher throughout the Americas, with muted market activity being met recently with higher indications and offers as suppliers adjust values in line with gains in global crude indicators.
Bangladesh's BPC to buy up to 1.65 mil mt oil products for H2 2022 State-run Bangladesh Petroleum Corp will import up to 1.65 million mt of 0.005% sulfur gasoil, Jet A-1 fuel, 180 CST high sulfur fuel oil and 95 RON gasoline combined through a tender during July-December 2022.
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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