NTSB reports on sinking of 71 year old towing vessel Unsecured openings in the deck of a towing vessel led to its flooding and sinking off the coast of Puerto Rico, the National Transportation Safety Board says. Marine Investigation Report 22/12 details
Digital modeling will help Carnival identify its best decarbonization options Wärtsilä and Carnival Corporation are to use a digital model of the cruise ship Regal Princess to identify the best options for decarbonizing the ship. This initial project is being delivered under
Shipping decarbonisation needs to go beyond 'the West versus the rest' China's International Maritime Sustainability Funding & Reward scheme is low on detail and lower in ambition. But at least it's...
Ukraine 'building case' against Greek tanker owners shipping Russian crude Greek-owned tankers comprise 50 of the 140 port calls to load Russian oil during April at key Baltic and Black...
Merged tanker giant will be Frontline by name, Euronav by nature After 22 years of ego and culture clashes, a merger between Frontline and Euronav only now makes sense in the...
Himalaya Shipping chief says LNG is best fuel fix for 10-15 years Tor Olav Troim-backed dry bulk company has entered into sale and leaseback deals with an important Chinese lessor for the...
Wärtsilä partners with Carnival on decarbonisation Technology businesses such as Wärtsilä are seeking partners across commercial shipping to help build decarbonisation solutions. A systematic, data-driven approach...
China's order and completion volumes fall as 'zero-Covid' policy hits yards Yard operations among country's production sector has fallen victim to strict government coronavirus control rules as part of Beijing's 'zero-Covid'...
KSOE yard wins LNG carrier order worth $224m Demand for LNG carriers expected to remain because of pressure for eco-friendly fuels and regulations on shifting to cleaner energy...
Keppel chief says Sembmarine merger close to completion 'We are making good progress. We are getting to dotting the i's and crossing the t's,' Mr Loh told analysts
Daily Briefing Biden bans Russia-linked ships from US ports | EU members push IMO over green fuel standard | Shanghai ports disrupted...
US targets Russian cargo airline Aviastar over sanctions violations The U.S. government is preventing the sale of any item to a Russian cargo airline it accuses of flying U.S.-made aircraft in violation of sanctions.
INTERVIEW: Golden Ocean sees longer distances persisting for commodities on Russia fallout *Diversification to remain even if quick end to war *Chinese lockdowns are double-edged sword *Low-hanging fruit available for decarbonization
Australia to ban imports of Russian crude oil, refined oil products from April 25 While market participants noted that Australia has become more dependent on ultra-low sulfur diesel and jet fuel import flows following the closure of two domestic refineries -- ExxonMobil's Altona and BP's Kwinana facilities -- over the course of the pandemic, the country has usually turned to regional outlets such as Northeast Asia's China, Japan, South Korea and Taiwan and Southeast Asia's Singapore and Malaysia for oil product supplies.
REFINERY NEWS ROUNDUP: China reduces inflow of Russian crude March imports from Russia, the second-largest supplier, were down 14.1% from a year ago, leading to a near 11% drop in Russian deliveries to 1.55 million b/d in Q1.
CHINA DATA: Jan-Mar key oil product output yield jumps to 76% The country produced 130.72 million mt of LPG, naphtha, gasoline, jet fuel/kerosene, gasoil and fuel oil in the first three months of 2022, up 11.1% year on year despite crude throughput falling 1.5% over the same period.
Most Saudi straight-run fuel oil cargoes headed to US Gulf for May: sources The Saudi straight-run fuel oil cargoes used to be directed to the East before sanctions banned US companies from buying Russian fuel oil.
BUNKERWORLD INDEX: US rate hike weighs on VLSFO despite falling supplies *Zhoushan VLSFO stocks dwindle *NWE suppliers concerned about MGO supply *Chile awaits resupply cargoes
Americas clean tanker freight posts 32%-60% loss as ballasters alleviate tonnage crunch An armada of European and West African ballasters coupled with improved replenishment of tonnage on the Americas short-haul routes forced freight for Medium Range tankers down 32%-60% on the US Gulf Coast-loading clean tanker benchmark routes to Brazil, Chile and the Caribbean.
USGC HSFO swap backwardation widens amid potential summer tightness Much of the movement for the USGC HSFO swap was specific to the US, sources said.
Russian oil exports resilient to sanctions, boycotts for now as trade routes adjust Russian seaborne crude exports, excluding CPC flows, were little changed at 4.54 million b/d in the month to April 20.
US port ban on Russian-affiliated ships seen as largely symbolic The UK and Canada previously blocked access to their ports by Russian-affiliated ships, and the EU has proposed a similar measure in response to the war in Ukraine.
Hong Kong-delivered 380 CST HSFO bunker premium rises to near 21-month high HSFO cargo supplies have tightened gradually throughout April at the port of Hong Kong as more buyers with requirements consisting of larger parcels further pressured upstream inventories, according to local bunker suppliers.
SINGAPORE DATA: Residual fuel stocks jump 18% on week to 23 mil barrels as exports ease The increase snapped four straight weeks of decline and pushed stocks to the highest level since touching 23.355 million barrels on March 16.
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