Former TRANSCOM commander is new port and supply chain envoy Retired General Stephen R. Lyons, former commander of the U.S. Transportation Command, will be the new port and supply chain envoy to the Biden administration Supply Chain Disruptions Task Force. General Lyons
Electrical fire destroys $3.9 million yacht A March 26, 2021, engine room fire aboard a 100-foot, 216-gross ton yacht was likely caused by an electric source within the sound enclosure for the starboard generators, the National Transportation Safety
Major P&I merger set to go ahead Get ready for a new name in P&I: NorthStandard. Two major players in the marine mutual insurance market - North P&I and Standard Club - are to go ahead with the merger
The Lloyd's List Podcast: How to navigate sanctions risk The landscape of sanctions and political risk has made the business of shipping significantly more complex, but not everyone is...
China's Covid crunch should spur supply chain resilience review Russia's isolation has redrawn maritime trade lanes, but China's coronavirus-fuelled supply chain crunch offers a glimpse of what any potential...
Tanker STS hubs for Russian oil shipments accelerate off Malta and Greece Evolution of ship-to-ship network in Mediterranean seen because global oil trade routes recalibrate as sanctions divert Russian shipments to China...
Two laden Greek tankers seized by Iranian forces Incidents emerge on Friday amid spat between Tehran and Athens over US seizure of Iranian oil cargo off Russian tanker...
Safe Bulkers buys eighth capesize for under $32m Traditionally concentrating on panamaxes to post-panamaxes, Safe Bulkers' capesize fleet is now its largest ever
Capesizes weighed down by China growth outlook concerns The capesize market, which is the most volatile of all the bulker segments, has dropped below other sizes in dramatic...
Ro-ro cargo sector well on the road to regeneration With much of the fleet operating entirely in Emission Control Areas, the ro-ro cargo sector has been an innovator in...
North and Standard Club members approve merger Standard Club and North held special general meetings today in Rome and Athens, respectively, at which members of both clubs...
Ningbo to offer subsidies to assist shipping start-ups Large line operators could receive total subsidies of more than Yuan20m from different Chinese port cities every year
Shanghai congestion begins to ease Boxship waiting times have almost halved since April. While still above seasonal norms, delays are improving
ESG issues have reached tipping point for shipping Maritime conference hears that equality, diversity and inclusion - covering more than gender issues - has become a significant factor...
BW Offshore sees post-pandemic recovery Oslo-listed company expects continued focus on long-term large field development initiatives with low break-even costs and low carbon emissions
Toll Group names Knudsen as chairman as Mullen steps down Mullen is retiring and will become a senior adviser to the management
MISC expects changing crude oil trade patterns to support tanker market Outlook for the upstream oil and gas sector continues to be positive, as oil prices remain elevated as well as...
Daily Briefing China lockdowns accelerate supply chain diversion and box shipping review | Russia declares Mariupol port mine-free | US signals renewed...
Bubs baby formula from Australia gets FDA import approval The Biden administration has employed an all-of-government approach to bolstering infant formula supplies until domestic manufacturing can return to normal.
White House taps retired general to be new port czar Work remains for the Biden administration's new port envoy, Stephen Lyons, to untangle freight supply chains.
FDA authorizes more baby formula imports as air cargo pipeline grows The latest baby formula developments include relaxed regulations to support more imports, an air cargo pipeline and congressional scrutiny.
INTERVIEW: Wartsila sees long-term role for oil in shipping on scrubber advances Exhaust gas cleaning systems, or scrubbers, were fitted to 16% of the shipping fleet in 2021, according to S&P Global.
INDONESIA DATA: Gasoil imports rise 37% on month to 559,920 mt in March Gasoil inflows into Indonesia rose 97.43% on a year on year basis, the data showed.
China's fuel oil exports seen continuing downward trend in May amid tight supply The delivered marine fuel bunker premiums in Zhoushan to Singapore delivered bunker had widened to an all-time high of $45/mt over May 10-12 for the first time since Jan. 23, 2020, S&P Global data showed.
ADNOC maintains forecast for May 2023 Murban crude export volumes at 1.5 mil b/d In its latest report released May 27, the company kept the volume unchanged, with exports for January-April 2023 at 1.5 million b/d each.
SINGAPORE DATA: Residual fuel stocks rise 12.5% on higher imports Singapore's fuel oil imports stood at 938,864 mt in the week to May 25, over double 391,979 mt seen in the previous week, the data showed.
REFINERY NEWS: Pemex Salina Cruz refinery shuts units after earthquake Mexican state Pemex shut units at its Salinas Cruz, Oaxaca, refinery after a 5.5 magnitude earthquake May 25 a source related to PEMEX operations said to S&P Global Commodity Insights on May 26.
SINGAPORE DATA: Middle distillate stocks dip 1% on week amid regional gasoil, jet fuel demand Total middle distillate stocks continued hover around historically low levels in the week, with recovering regional demand for both jet fuel and gasoil providing sufficient outlets and leaving inventory levels lean.
SINGAPORE DATA: Bitumen exports fall 18% on week to 40,538 mt The main export destination was Indonesia with bitumen volumes of 11,969 mt, followed by China at 11,637 mt, the data showed.
LSFO arbitrage flow to Singapore remains shut for June on record high backwardation Steeply backwardated markets discourage arbitrages because of the risk of having to price against a further out month in the event of vessel delay.
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