Maersk puts containers on barges for India-Bangladesh cross-border logistics Maersk has successfully completed the first India-Bangladesh cross-border logistics of containerized cargo using the inland waterways of the Indo-Bangladesh Protocol Route. By transporting 50 TEU containers for Coca-Cola Bangladesh Beverages from Kolkata
Can U.S. LNG exports meet European demand? The Council of the EU said today that, in an effort to increase EU security of energy supply, member states have reached a political agreement on a voluntary reduction of natural gas
Swedish Club to open new office in Singapore Team Singapore is responsible for members in the city state and other markets in Asia including India, Japan and Thailand.
Russia and China behind 'high-risk' mid-Atlantic tanker transfer hub Emergence of an Atlantic ship-to-ship transfer hub is a case of owners taking big risks for big money. At the...
Capesize recycling sale confirms extent of price drop Korea Line Corporation sells 23-year-old capesize bulk carrier for scrap for $529 per light displacement tonne
Europe's box ports facing multiple challenges Box hubs around Europe are facing high yard density and struggling to get containers off dock. Labour shortages are compounding...
Gambia's flagging foray results in string of ship detentions A string of detentions at the hands of Mediterranean port state control authorities effectively means the entire internationally trading fleet...
Flag states still failing to submit casualty reports Nearly 40% of very serious casualties do not result in a flag state investigation being published, and even when governments...
Infinity Maritime adds ABS to sustainability team Interest coming from owners of tankers, gas carriers and shortsea shipping as well as bulkers, says Infinity
Oaktree-linked oil tanker banned from Australia on crew welfare issues Investigations by Australian authorities found evidence that 21 crew members were collectively owed $86,000, while food and water on board...
DSV raises guidance but warns of falling yields Earnings in the first half of the year have boosted the full-year outlook. But the second half may not see...
HNA Tech to rebuild core business with $106m dry bulker acquisition Company says the acquisition will bring the number of vessels in its fleet to nine, after the purchase of two...
DSME wins dual-fuel LNG carrier pair order Daewoo Shipbuilding & Marine Engineering said a dramatic increase in liquefied natural gas imports to Europe will lead to a...
Ship emissions rising 'in nearly all sectors' Shipping emissions have topped 850m tonnes annually, or 1.3% above 2021 levels, says broker Simpson Spence & Young
Global Centre for Maritime Decarbonisation launches $18m drop-in biofuel pilot project Pilot project aims to establish an assurance framework that ensures supply chain transparency of drop-in biofuels. The scheme could be...
China Merchants unveils green shipping targets CMES plans to launch its first carbon-neutral vessel by 2030, although no details were given about the choice of green...
Al Seer Marine plans to raise dry bulk capacity to 3m tonnes Al Seer Marine early this year acquired four vessels from sanctioned Russian tanker giant Sovcomflot as part of its fleet...
Daily Briefing Too early to price Ukraine grain risk | Scrubbers offer 'outsized' earnings | VLCC rates rebound | Shippers want consortia...
Texas ports report record-breaking container, crude oil volumes Container, crude oil and petroleum shipments rose as ports in Houston and Corpus Christi recorded strong freight volumes in June.
Coal far from dead: Global trade thrives, war reroutes shipping Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.
FMC needs more staff to enforce ocean shipping reforms, official says A top regulator says more staff is needed to properly carry out new ocean carrier reforms signed into law by President Joe Biden.
How much money do shipping CEOs make? Here's their 2021 pay info Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
OIL FUTURES: Crude futures slide amid weakened US economic outlooks, stronger dollar Crude futures settled lower July 26 as the market weighed a weakening US economic outlook and concerns about interest rate hikes against reduced Russian gas flows into Europe.
US DOE announces next SPR sale, sheds light on plan to replenish reserve The US Department of Energy announced July 26 its fifth sale as part of the largest-ever Strategic Petroleum Reserve drawdown aimed at reining in gasoline prices, and also shared details of its plan to replenish the SPR with a proposal that would afford DOE more buying power in the future.
Bunker fuel tightness expected to continue at Chittagong: traders The availability of bunker fuel is expected to remain tight at the port of Chittagong owing to supply constraints stemming from government restrictions on imports, with a new cargo expected no less than two months later from 26 July, a trader at Chittagong said.
Platts to launch carbon-accounted Aframax tanker assessments on 4 European routes Aug 1 These new assessments will reflect the cost to move crude oil or fuel oil on an Aframax tanker on each route, including the additional cost required to offset 100% of the carbon dioxide emissions created through the combustion and exhaust of a ship's marine fuel through the European Union's Emissions Trading System (ETS).
OIL FUTURES: Crude moves higher amid limited Russian gas flows Gazprom said July 25 it would reduce gas flows to Europe via its Nord Stream 1 pipeline starting July 27. Citing maintenance on a turbine, natural gas flows are set to drop to 20% of pipeline capacity.
REFINERY NEWS: South Africa's Natref expects to restart by end July The refinery declared force majeure on supplies of oil products on July 15 after it ran out of crude "following delays in crude oil shipments to Natref due to a force majeure at the loading port," it said.
CHINA DATA: July crude throughputs seen lower amid heavy maintenance These refineries will process a combined 7.35 million b/d of feedstock in July against their combined capacity of 10 million b/d.
ENEOS seeks to boost July-September fuel oil prices by 9%-17% ENEOS is looking to raise the July-September high sulfur fuel oil price by 8.8% to Yen 102,620/kl ($120.69/b) from the April-June quarter, according to the documents.
Japan to introduce new refining regulations, incorporate decarbonization efforts Japan will start formal policy discussions July 28 to introduce a fourth round of refining regulations aimed at boosting the processing volume of vacuum residue, with preferential treatment expected for efforts to decarbonize the refining process, sources told S&P Global Commodity Insights July 26.
India's MRPL offers 50,000 mt low sulfur marine fuel for Aug 7-9 MRPL last offered 40,000 mt of marine fuel 0.5% for May 2-4 loading from New Mangalore.
Singapore front month gasoil backwardation slumps below $2/b for first time in 6 months The easing in front-month backwardation comes after record high cracks for gasoil in June encouraged refineries to keep production levels high and tilt yields towards gasoil.
REFINERY MARGIN TRACKER: Singapore tumbles on rising stocks, increased export competition Singapore margins weakened on rising inventories and increased competition as Singaporean refiners were overshadowed by other regional refiners, primarily in South Korea and China.
Intense competition pushes Zhoushan LSFO bunker spread with Shanghai to all-time lows At least one of China's state-own oil companies was offering delivered low sulfur fuel oil more aggressively than most other physical bunker suppliers at Zhoushan to capture demand, market sources said July 26.
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