New Wärtsilä large bore engine will debut in Utopia of the Seas Royal Caribbean Cruises' latest Oasis class cruise ship, Utopia of the Seas, will be the first ship powered by Wärtsilä 46TS-DF engines. Designed with a focus on efficiency, environmental performance, and fuel
New U.S. CTV operator starts construction of its first three vessels U.S. crew transfer vessel (CTV) operator WINDEA CTV LLC, in which Hornblower is a partner, reports that it has started construction of its first three vessels. Two of the three 30-meter, hybrid-ready
Carnival Corporation announces leadership change Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world's largest cruise company, reports that, effective August 1, current president and CEO Arnold Donald, is being appointed vice chair and member of the
Saverys family ups stake in Euronav to over 16% The Saverys family has once again upped its stake in Euronav ahead of the showdown at the Euronav AGM on...
Sovcomflot P&I cover cancelled by multiple clubs Ingosstrakh may seek to fill the gap, with additional backstop from the Kremlin, say market sources
Cargill shipping head predicts two-tier green transition Progress on decarbonisation will split shipping between those with and without the resources to devote to it. But the former...
P&O ferry regains power after mechanical failure in Irish Sea First P&O Ferries ship to re-enter service following replacement of directly employed crew with cheaper agency personnel was briefly disabled...
Toll pays $6m settlement for widespread sanctions violations Ofac settles for a comparatively small fine after Toll voluntarily concedes 2,958 separate violations over a six-year period related to...
Kuehne+Nagel says trade outlook clouded by uncertainties Kuehne+Nagel continues to benefit from disruptions in the supply chain. But slowing global growth, risks from the war in Ukraine...
Ukraine war sets up tanker earnings turnaround Volatility from disrupted Russian crude export trade flows to offset contracting oil demand in China as lockdown fears engulf Beijing
Chinese enforcement litigation will take years Norwegian bulker operator Spar may have won its case against Grand China Logistics' holding company. But it's still not certain...
Cargill's Dieleman to chair Global Maritime Forum Cargill's shipping head Jan Dieleman will chair the Global Maritime Forum. Synergy's Rajesh Unni, Diana Shipping's Semiramis Paliou and Global...
Cargo volume dips in Shanghai amid lockdown impact Reduced export bookings from the world's largest container port have driven carriers to conduct blank sailings and consolidate loads
Boxlines set for $300bn earnings boost in 2022 Growth rates for container demand are slowing but supply chain disruption is unlikely to ease until next year. Inefficiencies will...
Shanghai maritime sector starts to resume operations Local authorities said it is imperative for more enterprises to recommence production
Maersk upgrades full-year earnings guidance With soaring freight rates and disrupted supply chains, Maersk's ocean earnings are booming. Despite a 7% fall in liftings in...
NYK relaxes pandemic-related working restrictions 'Restrictions on domestic business trips have been withdrawn, and rules governing these trips have returned to those established before the...
Daily Briefing Box freight rate fall not a sign of market stabilisation | Capesizes climb as optimism returns | Russian sanctions see...
Crisis or hiccup? Assessing the logistics impact of China lockdowns COVID lockdowns in major Chinese cities are bottling up freight shipments, but the full impact on global trade won't be clear until this summer.
Viewpoint: China COVID policies to squeeze flow of European exports to North America China's zero-COVID measures will make it harder for European exports to reach the East Coast because empty containers aren't getting where they're needed.
REFINERY NEWS ROUNDUP: Companies in Europe report higher margins, rates European refiners are reporting improved margins during Q1 and higher rates.
Valero sees rising gasoline, diesel demand as it seeks to replace Russian feedstocks Valero Energy reported better-than-expected first-quarter earnings of $905 million as demand for refined products grows post-pandemic and refinery rationalizations cut supply, boosting cracks for both gasoline and diesel -- a trend which is expected to continue.
Germany's use of Russian crude cut sharply: economy minister Germany has reduced its use of Russian crude oil use since the invasion of Ukraine to 12% of its needs from 35%, economy minister Robert Habeck said April 26.
Sanctions on Russian oil, gas may depend on US getting domestic policies right: think tank
OIL FUTURES: Crude rallies as China demand concerns fade, supply disruptions come in focus Crude oil futures moved higher midday as Chinese demand growth concerns eased and focus shifted toward potential supply disruptions stemming from the war in Ukraine.
REFINERY NEWS: Russia's Saratov, Taif restart operations: sources International buyers are increasingly shunning Russian-origin products following the invasion of Ukraine, resulting in an accumulation of stocks.
REFINERY NEWS: Russia Astrakhan halts products sales ahead of works: sources The refinery typically carries out works in May and June
Samp;P Global to include Phoenix Star FSU in Singapore fuel oil cargo, ex-wharf bunker MOC from June 1 Any offer of oil from vessels accredited for the FOB Singapore cargo and ex-wharf bunkers MOC process for Marine Fuel 0.5% and 380 CST HSFO would be on FOB FSU basis. Sellers cannot unilaterally nominate an approved vessel as a loading point in FOB Straits trades.
Dated Brent basket differentials diverge amid distillate strength, muted long-haul demand The steep discounts could well mark a floor for Forties, according to another trader.
Spain's Cepsa boosts Q1 refined output 21% on year Refined output was down 6% on the quarter while product sales fell 8% and the refining margin narrowed 35%, as increasing gas and other energy costs caused pressure throughout industrial chains.
OIL FUTURES: Crude edges up after Chinese lockdowns hit demand outlook Prices were unlikely to be steady for long, and the direction will likely depend on the European treatment of Russian oil, according to analysts.
Al-Zour refinery to be operational in few weeks: KIPIC Al-Zour is Kuwait's biggest refining facility.
Germany's Uniper loads bunker biofuel blend for Great Eastern Shipping The fuel is of B20M specification, which consists of 20% biofuel and 80% very low sulfur fuel oil.
REFINERY NEWS: South Korea's S-Oil restarts CDU after maintenance After the start of regular maintenance in early March, South Korean refiner S-Oil restarted its 240,000 b/d No. 2 crude distillation unit mid-April, market sources said April 26.
Japan calls for balanced energy transition approach amid change from Russia's invasion: minister Japan is calling for a balanced approach to the energy transition amid rapidly changing situations in the global energy landscape following Russia's invasion of Ukraine, Minister of Economy, Trade and Industry Koichi Hagiuda said April 25.
INDONESIA DATA: Feb crude exports more than double on month On a year-on-year basis, crude oil exports were down 82.4%.
South Korea's S-Oil sells 75,000 mt straight-run fuel oil for end-April S-Oil regularly sells slurry oil but seldomly sells straight-run fuel oil.
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