VIDEO: Ukraine destroys Russian Navy ship On Monday, Russian state media channels showed the Russian Navy Alligator class landing ship Orsk offloading armored vehicles and tanks at the port of Berdyansk, in southern Ukraine. This morning, the General
MacGregor to supply Aurora class RO/RO equipment Cargo and load handling specialist MacGregor has booked an order worth more than $15 million to supply comprehensive packages of RO/RO equipment for Höegh Autoliners' first four Aurora class pure car and
Response to Alaska tug grounding continues A unified command consisting of the Coast Guard, Alaska Department of Environmental Conservation, and Western Towboat, continues to lead the response efforts for the grounded tug Western Mariner in Alaska's Neva Strait,
Schottel and Lyon Shipyard partner up for offshore wind Many of the specialist Jones Act vessels that will be built for the U.S. offshore wind industry will have Schottel propulsion systems. These vessels will also require periodic drydocking, maintenance and thruster
Over 350 vessels and at least 1,000 seafarers are stuck in Ukraine Lloyd's List Intelligence data shows that 356 vessels have not moved since Russia invaded Ukraine and at least 128 foreign-flagged...
Diana clinches $50m sale and leaseback deal for new capesize Greek bulker owner had acquired the newbuilding as a resale last December
Africa bracing for food crisis as war cuts grain supply chain The impact of the Ukraine conflict on economies in Africa, the Middle East, and even further afield is beginning to...
Indonesia coal exports surge as buyers shun Russia Exports from Indonesia reached their highest since 2019 BIMCO says, as key buyers seek alternative sources
Handysize bulk carrier values up 63% in year Brokers report the sale of an 18-year-old Japanese-owned capesize to Chinese buyers for $18.8m, while four kamsarmax bulkers, four supramaxes...
Law-breaking P&O Ferries set to escape penalties over seafarer sackings DP World-owned company exploits regulatory gap in UK labour laws to avoid unlimited fines for sacking 800 staff as it...
HHLA's Odessa terminal to remain closed 'for time being' Container terminal operator books triple-digit percentage point bottom line boost on small uptick in overall box volumes
ABN Amro shipping head leaves as division reorganises From next month ABN Amro will centralise all shipping-related activities into one client franchise, working from Athens, Amsterdam and Oslo
South Korean and Chinese shipbuilders show strong performance Daewoo Shipbuilding & Marine Engineering has won a $705.4m order from an unidentified shipowner from the Americas, while Evergreen returned...
Filipino seafarer jobs in EU at risk over compliance, says agency Head of the Philippines' maritime agency says any deficiencies are being addressed and are not grounds for potential job losses...
Braemar upbeat on prospects for full-year profit Trading in the current financial year is said to have started strongly, with the company indicating it is benefitting from...
Logistics platform GSBN dips toes into Europe Pilot project involves terminal operator Hutchison Ports ECT Rotterdam, Cosco Shipping Lines, freight forwarder OOCL Logistics and Chinese trader Sumec
CoolCo eyes LNG spot market consolidation as new management is unveiled CoolCo's launch has coincided with a spike in demand for liquefied natural gas as countries scramble to secure energy supplies...
US announces $2.9bn for transport infrastructure grants The grant funding offers 'a once-in-a-generation opportunity to fix our outdated infrastructure and invest in major projects for the future...
Smart ships need seafarers who can bridge the widening skills gap There is already a skills gap in areas that the shipping industry regards as vital. Bridging the existing gulf has...
Daily Briefing Ships leaving Russian ports down 35% since start of invasion | Shippers face supply chain chaos amid China lockdown and...
Viewpoint: Keep an eye on Shanghai Shippers should brace for "skyrocketing haulage costs," HLS Holding warns.
Empties, imports help Port of Vancouver hit container volume record The Port of Vancouver handled a record volume of containers in 2021, but the biggest driver was the export of empties headed back to Asia.
Alaska Air to increase freighter fleet as cargo business soars Alaska Airlines is growing and so too are its cargo ambitions.
Will exuberance for air cargo conversions create freighter glut? Can the air cargo market absorb a record onslaught of new capacity?
Crude heads lower as concerns of EU ban on Russian energy ease NYMEX May WTI settled down $2.59 at $112.34/b, and ICE May Brent declined $2.57 to $119.03/b.
Russia aims to establish own Urals crude assessment: Novak Russia's St. Petersburg exchange (Spimex) launched a Urals contract on an FOB Primorsk basis in 2016 as part of the country's efforts to set up Urals as a benchmark, S&P Global Commodity Insights reported earlier.
FEATURE: Refiners in Europe seek alternative crudes; aim to increase runs Europe's refiners are expected to start increasing runs to cover at least some of the shortfall in Russian imports.
REFINERY NEWS: French Fos operating at full capacity; works at Gravenchon to end shortly ExxonMobil's French downstream subsidiary Esso SAF said March 24 that its Fos-sur-Mer refinery in southern France is currently operating at full capacity in order to supply the French market, while works at the Gravenchon plant near Le Havre are expected to be completed in a few weeks.
ITALY DATA: Feb oil product demand up 13% on year to 4.3 million mt: Unem Bunker fuel was down 0.8% to 194,800 mt in the month of February compared with the same month of 2021.
Latest US sanctions on Russia target gold trades, Putin's inner circle The measures announced March 24 are aimed at Russian political, banking and defense officials close to Putin, along with their property, holdings and family members, the State Department said.
UK adds Gazprombank, Sovcomflot, Alfa-Bank to Russian sanctions list Sovcomflot, Russia's largest shipping company, was already facing strong headwinds from customers avoiding its vessels on the spot market, industry sources said March 2.
European import ban on Russian oil, gas likely not in the cards: J.P. Morgan The so-called self-sanctioning accounts for about 3 million b/d as of today, but that volume is expected to decrease to 2 million b/d in April and settle around a 1-million-b/d loss of Russian supply in perpetuity, J.P. Morgan has assessed.
Singapore-Zhoushan delivered marine fuel 0.5%S spread narrows to near 3-month low Soaring international crude oil benchmarks and market volatility in light of the ongoing Russia-Ukraine conflict have led shipowners to minimize the parcel sizes that they purchase and delay the delivery of their procurement in Singapore.
JAPAN DATA: Oil products output falls 4.1% on week over March 13-19 Low sulfur fuel oil output slumped 25.7% week on week to 0.57 million barrels in the week to March 19, while high sulfur fuel oil production rose 13.3% week on week to 1.24 million barrels.
JAPAN DATA: March 13-19 oil product exports drop 24.5% to 2.47 mil barrels Low sulfur fuel oil exports dived 36% on the week to 218,917 barrels in the week to March 19.
China's Zhoushan faces bunker supply crunch on drying volumes, expensive imports China's bunker sales have grown rapidly amid competitive prices.
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