C-Job launches new cutter suction dredge series Targeting the mid range of the cutter suction dredge (CSD) market, Netherlands based C-Job Naval Architects today launched a new CSD design series. Showcasing its possibilities is an innovative new self-propelled concept
VIDEO: Maersk Supply and Kirby partner up for U.S. offshore wind Mystery solved. Maersk Supply Service is the customer for the wind turbine installation vessel (WTIV) ordered at Singapore's Sembcorp Marine last week. Supporting the newbuild investment, Maersk Supply has been awarded a
Former pub manager led board that signed off on P&O Ferries fiasco Just who signed off the union-busting strategy? P&O Ferries board members comprise some of the most senior corporate executives in...
Maersk's TradeLens platform operator names new chief executive 'After a successful ramp-up where several industry leaders have joined TradeLens, the focus now shifts towards enhancing the customer experience...
Congestion worsens on Shanghai new lockdown rules Factory production is affected, landside logistics becomes clogged and ports get more congested. There are fears that 2022 could be...
Containership tonnage providers still see strong fundamentals Non-operating owners of boxships have been riding high during the container shipping boom. While uncertainties may be taking some of...
Preparations set to refloat grounded Evergreen boxship The 334 m vessel, which was under pilotage and had a draught of about 13 m when it became stuck...
Regulation: Testing the water Despite the war in Ukraine, work at the International Maritime Organization on safety and emissions continues, while Europe's Fit for...
Swedish Club reports $34m deficit 'Weak P&I pricing is an industry-wide issue, as demonstrated in the underwriting performance of most International Group members,' says Rhodin
Western Bulk has a 'very good' start to year Company expects market volatility will come off through the year resulting in 'somewhat lower quarterly results'
Seafarer redundancy fund extended indefinitely 'We have decided to keep the fund open to support those who have recently lost their jobs and want to...
VLCCs most affected as crew volatility hits tanker sector Konstantinos Galanakis urges oil majors to rethink their crew matrix or face a significant shortage of trained and experience tanker...
Toolkit plots shipping's path through software jungle Fleet digitalisation is expected to account for about half the efficiency gains needed for shipping to meet its decarbonisation 2050...
Maersk unit linked to Sembcorp WTIV order This is Maersk Supply Service's first newbuilding investment dedicated to the offshore wind industry. The vessel, which is scheduled for...
Dry bulk: Sustained strength through second quarter Despite the obvious negative impacts from Russia's invasion of Ukraine prompting a sharp drop in exported volumes of bulk commodities...
Ukraine conflict welfare fund established A new fund will provide financial aid for seafarers and their families affected by the crisis in Ukraine. Grants can...
P&O Ferries rejects UK demand to reinstate sacked seafarers 'I am fully cognisant of the reputational cost to the P&O Ferries brand and me personally. That notwithstanding, I am...
Heidmar technical unit acquires UK-based renewables firm UK firm says takeover by Techmar will enable it to 'go global'
Shipping does not need more future fuels, says Safe Bulkers head Shipping should narrow its search for future fuels and concentrate on availability as the most important factor rather than develop...
India and China may increase crude oil imports from Russia If China expands crude purchases from Russia, any increase is likely to come via shorthaul routes in Asia, which alone...
Citic Leasing orders 10 ultramaxes at DSIC The fresh tonnage has already secured employment from a Chinese charterer to mainly haul coal, grains and machinery equipment on...
Thessaloniki sees increases in box handling and conventional cargo Port authority increased profit by 5% last year and is investing in expansion plans
Daily Briefing Box carriers expect more of the same in 2022 | P&I plateaus while H&M hardens | Shanghai lockdown escalation adds...
CIMC says container market facing a 'correction' 'Considering that the global supply chain crisis caused by the epidemic is difficult to cure in the short term, the...
Ship charter rates still 'spectacular' but war could tip the balance Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.
Steel, plywood imports boost Gulf Coast ports' February cargo volumes Gulf Coast port volumes rose in February, boosted by imports of steel and breakbulk cargo, along with exports of petroleum and crude oil.
Cargo airlines cancel flights as Shanghai enforces COVID lockdown With Shanghai in a COVID bubble, air cargo airlines are avoiding the city because there is little freight to pick up and imports may take...
Japan delivered 380 CST HSFO bunker premium slumps to over 4-month low The bunker premium for Japan-delivered 380 CST HSFO against benchmark Singapore 380 CST HSFO cargo assessments slumped to over a four-month low of $90.46/mt March 28, according to S&P Global Commodity Insights data, amid easing inventory tightness and subdued bunker demand.
SOUTH KOREA DATA: Feb gasoil exports rise 4% to 4-month high as regional demand rebounds South Korea's gasoil exports rose 3.61% month on month to a four-month high of 15.34 million barrels in February, and were up 23.78% year on year, Korea National Oil Corp. data showed March 29, as demand from importing regions in the Asia-Pacific continued to recover while supply balances remained tight.
East-West gasoil March loadings gather steam on Russia-Ukraine unrest Asia's gasoil exporters are taking advantage of arbitrage lanes to Europe whenever viable as Russian-export dependent buyers seek alternatives amid the ongoing war in Ukraine.
Argentina's retail stations begin rationing diesel amid price controls Argentina's service stations have started rationing diesel, as price controls and import restrictions are discouraging refiners from bringing in enough supplies even as demand rises for the crop harvest, a trade group said March 29.
Irena adds voice to warnings that energy transition progress is too slow The scale and pace of the transition to a renewables-based global energy system is "inadequate," the International Renewable Energy Agency has warned in its World Energy Transitions Outlook, calling for a "steadfast" commitment to climate goals as countries respond to the current energy crisis.
Brazil nominates Adriano Pires as new Petrobras CEO amid fuel-pricing dispute Brazilian President Jair Bolsonaro has engineered his second management shakeup at state-led oil company Petrobras in less than a year, naming local energy industry executive and former government official Adriano Pires as the company's new CEO.
OIL FUTURES: Crude price slide extends amid Ukraine peace talk progress, China COVID-19 lockdowns Signs of progress in Ukraine-Russia peace talks and continued demand headwinds presented by China's pandemic lockdowns sent crude prices lower March 29.
Bangladesh to raise HSFO imports in Apr on higher temperatures Bangladesh is likely to import about 450,000 mt high sulfur fuel oil in April, up from 375,000 mt in March, to meet mounting needs for running power plants as the country starts experiencing hot summers, market insiders said in the week started March 27.
Tanker market to take 2-3 months to recalibrate following Ukraine invasion: executive About 750,000 b/d od Russian crude goes via pipeline to Europe and 600,000 b/d via pipeline to China, leaving around 3.2 million b/d to travel by sea.
IEA's Birol sees 'first global energy crisis,' urges focus on demand side European gas and coal prices have hit record highs in March also lifting global energy prices amid a scramble to find alternatives to Russian supply.
Finland's UPM aims to complete Leuna biorefinery by end 2023 Construction of the facility, which will produce a range of 100% wood-based biochemicals, started in 2020.
REFINERY NEWS: Sweden's Preem increases renewable capacity Sweden's Preem aims to expand the HVO capacity at its Gothenburg plant from 320,000 cu m/year to 1.3 million cu m/year in 2026.
Kazakhstan may lose 320,000 b/d of oil output in April on CPC incident Storm damage to the loading infrastructure at the Russian Black Sea port of Novorossiisk has disrupted loading at Kazakhstan's main oil export route, the Caspian Pipeline Consortium network, since March 23.
UAE to set up carbon credit and offsets exchange in 2022 amid 2050 net zero goal The UAE, OPEC's third-biggest producer, is the first country in the Middle East to announce a commitment to net zero emissions by 2050.
Russian pipeline operator Transneft restricts oil intake as storage builds: report Citing unnamed sources, the report said that Transneft has told several Russian oil firms it will limit intake due to high volumes of stored oil, which affect flexibility and threaten normal operations.
Croatia eyes expansion of floating LNG import terminal, Slovenia supply option It has received a total of 25 cargoes since it started, representing a volume of 2.2 Bcm of gas equivalent, according to data from S&P Global Commodity Insights.
OIL FUTURES: Crude turns red as Russia, Ukraine appear closer on ceasefire talks Russian and Ukrainian negotiators appear to have moved closer to a ceasefire agreement as the two sides met in Istanbul for the first face-to-face talks in more than two weeks.
Singapore HSFO viscosity spread surges to near 14-year high on strong 180 CST While the Asian HSFO market has been strong overall, the value of 180 CST grade is even stronger than the 380 CST grade due to increasing values in gasoil crack spread.
Singapore ex-wharf marine fuel 0.5%S bunker premium nears 4-month high Cutter stocks with 0.2%-0.3% sulfur are in tight supply as it gets diverted to the much stronger gasoil market instead, market sources said.
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