Vard wins order for new series of robotic ships Ocean Infinity, the Austin, Texas, company building an "armada" of robotic ships, has contracted Fincantieri's Vard subsidiary for the design and construction of a new series of six multipurpose offshore vessels, all
Solvang sees CCS and HFO as shipping's greenest option Norwegian ship operator Solvang ASA sees on-board carbon capture and storage (CCS) as potentially "the big game changer" in meeting shipping's decarbonization goals. Currently there is no working technology for shipboard CCS,
Op-Ed: Methanol can provide ports with cost-effective and scalable green power Regulatory, financial, and consumer pressure is mounting for supply chains to reduce their emissions. Robert Schluter, managing director of e1 Marine, says "it's time to put hydrogen to work," and he's got
Sovcomflot hit by US financial restrictions as Ukraine crisis escalates It is unclear how the US punishment will affect the company's ability to finance its large orderbook of more than...
Turkish bulker hit by bomb off Odessa Marshall Islands-flagged bulk carrier rocked by blast as Russia invades Ukraine
GasLog unveils long-term charters for newbuild trio GasLog is proceeding with the conversion of one ship as a floating storage and regasification unit for Greek Gastrade project
Gard makes big gains in renewal round as 'deliberately leaner' West loses Norwegian company's decision to pitch the lowest price hike in the International Group has paid off with spectacular gain of...
Genco focuses on dividends and fleet renewal amid strong dry bulk market While first quarter rates are lower than that achieved in the final three months of last year, the company has...
Navios beats forecasts with $45.8m fourth quarter profit Angeliki Frangou hails 'much-improved' balance sheet after refinancing package
Euroferry Olympia death toll rises Search of charred vehicle decks hampered by CO2 levels and the risk of renewed flare-up
Shipping scrambles to react to 'nightmare scenario' Russia's invasion of Ukraine has sent shipping scrambling for information with movements of people and cargo restricted. Maersk and Hapag-Lloyd...
Norden expands into port logistics 'Port logistics is an exciting new growth opportunity for us as we look to take our business beyond a standard...
CMA CGM launches global biofuel trial on 32 vessels The group expects biofuel, together with alternative fuels such as liquefied natural gas and biomethane, to account for up to...
GoodFuels launches biofuel option in Singapore As the discussion over alternative fuels continues, biofuel champions argue this option can significantly reduce emissions overnight, with no additional...
Sea of Asov closed to shipping as Russia invades Ukraine Lloyd's List Intelligence data shows 116 vessels queueing in the southern inlet to the Kerch Strait and a further 52...
Samsung Heavy seals $830m LNG carrier order South Korean yard expects that 35 new liquefied natural gas carrier orders will need to be ordered until 2030 to...
Daily Briefing Ukraine risk for shipping hinges on sanctions escalation | What an escalation in Russian sanctions would mean for shipping |...
Gulf Coast ports' January cargo volumes a mixed bag Break bulk cargo with commodities of plywood, steel and rubber boosted volumes at U.S. Gulf Coast ports in January.
ICS: Do not let Ukrainian, Russian seafarers become 'collateral damage' The International Chamber of Shipping issued a warning of the human capital component - Ukrainian and Russian seafarers are now locked out.
Government cargo subsidy cushions Air New Zealand's 2021 loss Air cargo was a bright spot for Air New Zealand last year, thanks in large measure to government aid for flights geared toward cargo.
Global tensions, high prices temper refined oil product import demand from Latin America Latin American oil product markets may have hit a lull with global tensions adding to reduced seasonal demand, high prices and the completion of a recent wave of tenders aimed at restocking inventories depleted by the summer heat wave.
Key Asian oil product prices rise to seven-year highs as crude crosses $100/b Physical oil product prices in Asia jumped to seven-year highs Feb. 24 underpinned by a surge in crude prices as Russia invades Ukraine, S&P Global Platts data showed.
Brazil's Petrobras monitors price impact of hostilities in Ukraine Brazilian state-led oil company Petrobras will monitor international crude and refined product prices after Russia's military invasion of Ukraine, adding further volatility to a global industry already rocked by disease and geopolitics, company officials said Feb. 24.
Russian Urals crude discount falls $4.35/b on the day Russian Urals crude has dropped to its lowest level ever relative to Dated Brent with its differentials weakening by $4.35/b day on day as the threat of international sanctions on Russian energy and financial services sparked a Urals selling frenzy in the market.
Brazil's Petrobras keeps Jan-Feb refinery runs elevated on strong demand Brazilian state-led oil company Petrobras continued to operate refineries at elevated levels in January and February amid stronger-than-usual demand for gasoline and diesel, maintaining capacity utilization rates near the 88% seen in Q4 2021, the company's refining director said Feb. 24.
Russia tanker rates soar on fears around trading Russian oil Tanker rates for routes out of Russia to Europe surged to multi-month highs Feb. 24 as Russia's invasion of Ukraine left market participants uncertain of whether they would be able to trade Russian material.
Singapore's latest carbon tax announcement hailed as timely for refining sector Singapore's latest Budget announcement unveiling plans to raise the carbon tax rate from the current $5/mt of emissions to between $50 and $80 by 2030 is largely hailed as a positive move by industry sources. However, they believe that the refining sector will have to transition swiftly, amid other hurdles, to aid the country's net zero ambitions.
EU leaders agree on new sanctions targeting Russian energy, transport sectors The European Council, made up of EU heads of state and government, said Feb. 24 it had agreed on sanctions targeting Russia's energy, transport and other sectors in response to Moscow's military invasion of Ukraine.
OIL FUTURES: Crude rally slows as US sanctions avoid Russian energy sector Crude prices gave back much of their early session gains midday Feb. 24 after US President Joe Biden revealed the US would avoid sanctioning the Russian energy sector in response to Moscow's invasion of Ukraine.
EIA reports higher weekly US oil exports US weekly crude oil exports moved higher during the week ended Feb. 18, data from the Energy Information Administration showed Feb. 24.
Crude prices climb as Russia 'invades' Ukraine Crude prices Feb. 24 surged over 5% after Ukraine's foreign minister Dmytro Kuleba confirmed on social media that Russia had launched a "full-scale invasion", triggering concerns over potential disruptions to supply of energy and resources from oil to grains.
Ukraine dry bulk trade halts amid Russian invasion Ukraine is a sizeable contributor to global grain exports and any disruption to trade flows could potentially affect food security and prices, at a time when food inflation has soared to a record high in the last year.
European refiners in 'uncharted territory' if Russian VGO supplies disrupted: Galp CEO In 2021 Russian exported 17.30 million mt of VGO, out of global exports of 29.97 million mt, with shipments to Europe of 9.50 million mt, according to data from commodity shipping firm Kpler.
Platts to suspend publication of market information for Black Sea markets Platts will continue to review the situation as it develops.
DUTCH DATA: 2021 oil, products throughput at Rotterdam gains on economic recovery Oil products at the Port of Rotterdam rose 10% year on year to 66.076 million mt in 2021.
Libyan oil output at risk of being shut in as bad weather disrupts oil exports Port closures due to rough weather have become quite common in recent months.
Fujairah LNG bunkering may start soon amid expansion in services: official Abu Dhabi National Oil Co.'s shipping arm is studying whether to back an LNG bunkering operation in the UAE to serve as a fueling station for its new LNG-fueled ships on order.
European oil traders fret over potential Russia sanctions to assess supply impact Traders' views were mixed over the likelihood of sanctions on Russian oil products, but all agreed that if sanctions were put in place, the impact would be highly disruptive and would cause major supply dislocations and force unusual trade flows and arbitrage routes, particularly for diesel.
FACTBOX: Russia's Ukraine invasion seen disrupting vegetable oil, grain trade flows As both Russia and Ukraine command clout in global trade flows of grain and vegetable oil, rising uncertainty in the region around port closures and blockages on vessel navigation are expected to keep prices of commodities such as sunflower oil, corn and wheat elevated in the near term.
European leaders eye Russian oil and gas in Ukraine invasion response UK Prime Minister Boris Johnson said in a television statement on the BBC that Western allies were preparing sanctions to "hobble" Russia's economy following the overnight military escalation
NATO refrains from blocking Russian vessels from Bosporus After Russia invaded Ukraine early Feb. 24, the Ukrainian ambassador in Ankara made a formal request to Turkey to close the key commodity route to Russian vessels, according to media reports.
Russia suspends commercial shipping in Sea of Azov The suspension covers the whole of the Sea of Azov, a spokesperson for the country's Agency for Maritime and River Transport (Rosmorrechflot) told S&P Global Platts Feb. 24.
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