Marlink cybersecurity solution gains ClassNK Innovation Endorsement ClassNK has granted its Innovation Endorsement for Products & Solutions to Marlink's CyberGuard Threat Detection, a service for detecting cybersecurity threats to help shipowners protect against attacks on IT and OT networks.
Inmarsat signs digital ecosystem agreement with Norwind Mobile satcom leader Inmarsat has reached an integrated connectivity agreement with Ålesund, Norway, headquartered Norwind Offshore AS. Established by owners with a long history of offshore and maritime experience, Norwind supports the
Sembcorp Marine to build WTIV for mystery buyer Singapore's Sembcorp Marine has booked an order to build a wind turbine installation vessel (WTIV). It has not disclosed the customer, nor the price, but says delivery is slated for early 2025.
New members for Lloyd's List Editorial Board Set up four years ago to provide oversight and ensure Lloyd's List remains the most trusted and authoritative provider of...
'Looks like P&O Ferries broke the law,' says UK prime minister Chief executive of P&O Ferries issues a public apology for the mass sacking of almost 800 UK-based crew as Boris Johnson...
Sixteen-year-old boxship sold for $109.5m Container liner operators are continuing to mop up secondhand ships from non-operating owners while charter rates remain at historically high...
Cyprus urges expansion of Mediterranean inspection regime Among EU Mediterranean countries only Cyprus and Malta belong to both MOUs
Shippers face supply chain chaos amid China lockdown and US port issues China export trade faces delays due to slower trucking and port services. Shippers are already moving cargo to the US...
Stranded VLCC refloated in Qingdao A small amount of oil leaked into the port waters from the broken cargo loading arm. No other casualty has...
Ships leaving Russian ports down 35% since start of invasion The number of vessels leaving Russia for international ports has tumbled in the weeks following its attack on Ukraine, an...
Beazley handles $22m claim for bulker hit by missile off Ukraine War risk rates for southern Russian ports are broadly stable
Capesize bulker and panamax tanker head for breakers British shipowner sells an 18-year-old panamax tanker for scrap, while a Chinese capesize bulker is also on the block
ONE outlines growth strategy with $20bn investment plan Fleet renewal scheme will help the Singapore-based carrier reduce its reliance on vessels supplied by the parent companies and will...
Sembcorp Marine wins contract to construct wind turbine vessel Sembcorp is expanding its contributions to a more sustainable and greener future, according to chief executive Wong Weng Sun
Hyundai Heavy issues $300m bond to fund green vessels Hyundai Heavy's fundraising was keenly supported by foreign investors despite geopolitical tensions and the US Fed's rate hike last week
Shipping reform bill gets US committee approval 'These ocean shipping companies are making record profits,' the head of the committee said. 'They have made $150bn in profits...
Daily Briefing Hull and fixed premium offerings taking clubs beyond P&I | London 'losing ground' as leading marine insurance centre | Sanctions-busting...
Why Russia-Ukraine war has not ignited crude tanker rates (yet) Cost of shipping crude oil remains cheap, but tanker rates could jump if the war doesn't end by fall.
DHL swallows beverage logistics specialist J.F. Hillebrand If imported adult beverages are your thing, there's a good chance DHL or J.F. Hillebrand took care of the shipping.
USAC Colonial Pipeline differentials down 5 cents on day as summer transition nears RBOB fell 5.25 cents to futures minus 20.50 cents/gal.
Crude rallies as market eyes new sanctions on Russia, US crude draw Total US commercial crude stocks fell 2.51 million barrels.
Suez Canal to raise crude tanker tariffs May 1 following freight hikes Ballast crude tankers will see a 5% rise in transit fees, the canal authority said on its website March 22. The decision followed the "significant growth in global trade, the improvement of ships' economics" and the enhanced transit services, the canal authority said.
CHINA DATA: Jan-Feb fuel oil exports up 64% on year to 5.03 mil mt Most of the exports were fuel oil sold in the bonded bunker market, industry sources said.
EC proposes 80% minimum gas storage obligation by Nov. 1, 2022 Low stock levels across Europe and the need to refill them over the coming summer have contributed to record high gas prices.
Crude loading at Caspian CPC sea terminal fully suspended: operator Earlier this week, CPC reported storm damage to loading facilities at the Russian port of Novorossiisk. The network shipped 1.5 million b/d in February, the majority of which was produced in Kazakhstan but also included some Russian volume.
OIL FUTURES: Crude higher on supply concerns, supportive API data Pressure was likely to mount on Saudi Arabia and other OPEC+ oil producers to step up production, Commerzbank analyst Carsten Fritsch said in a note.
Vitol takes 50% stake in UK hydrogen station producer ITM Motive Under the agreement, ITM Power will be preferred supplier for up to 240 MW of electrolysis equipment to Motive, while Vitol will provide up to 240 MW of renewable power to the network of refueling stations.
RUSSIA DATA: Feb fuel oil exports up 2.5% on year at 2.785 mil mt Russia's domestic fuel oil deliveries totaled 609,145 mt in February, down 17.5% year on year and down 12.8% from January levels.
Oil traders warn of $200/b plus price spike as Ukraine crisis unnerves markets As the EU considers a phase-out of Russian fossil fuel imports to the region and calls grow for sanctions on Moscow's oil and gas, the stage is set for a major supply gap in Europe over the coming years.
Zhoushan ex-wharf-delivered MF 0.5%S bunker spread widens on tight delivered market Zhoushan bunker suppliers have capped the volume they are offering to shipowners as suppliers are unable to secure the requisite amount of money needed for cargo procurement, with marine fuel prices having surged in line with international crude markers.
Japan Apr-Sep MF 0.5% bunker differential discussions at similar level to previous cycle The Japanese bunker market sees sales of around 300,000 mt/month, with little fluctuation in volumes due to barge and terminal loading limitations.
FUJAIRAH DATA: Oil product stocks drop to two-week low as heavy distillates dip Heavy distillates used as fuel oil for power generation and for marine bunkers dropped 6.2% in the week to March 21, to 10.126 million barrels, a three-week low.
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