Everett Ship Repair expands its capabilities Everett, Wash.-based Everett Ship Repair LLC (ESR) has announced operational expansion plans that include the addition of a second floating dry dock and a crane barge. The recently purchased dry dock is
P&I club warns of sea mine threat in Black Sea Adding to the growing threats to shipping following the Russian invasion of Ukraine, there are increasing reports of threats from sea mines. Initially, NATO warned of mine danger areas in the northwest
Marine Log announces new editorial advisory board Now that we are getting settled into 2022, Marine Log has a host of new developments coming online this year-including a new conference (to be announced), more webinars focused on offshore developments
First attempt to refloat Ever Forward fails Yesterday's attempt to refloat the giant containership Ever Forward using five tugs did not succeed. The 1,095 foot long, 12,118 TEU Evergreen Marine containership remains grounded in Chesapeake Bay. Cargo claims consultancy
Inmarsat launches Fleet Xpress for Shipyards Mobile satcom giant Inmarsat has made its Fleet Xpress maritime broadband service available to shipyards. Installed during new building, says Inmarsat, Fleet Xpress for Shipyards eliminates time-consuming and costly installation works in
Owners see 'new paradigm' for LNG shipping LNG carrier operators take comfort in lack of available newbuilding slots and large number of steam turbine ships that may...
Impact of war on G7 likely to be minimal compared with economic hit facing Russia Global trade recovery will be shaken by the war, depending on the strength of countries' economic ties with Russia, says...
UK to block ferries that don't pay seafarers a minimum wage 'My message to P&O Ferries is this; the game is up. Rehire those who want to return and pay your...
Zim boosts boxship newbuild backlog to 42 vessels Zim will charter up to six 5,500 teu boxships from Germany's MPC Capital
Trafigura backs ammonia production as Norway project launches Rasmus Bach Nielsen was speaking shortly after his company joined Scandinavian partners in investing in a green ammonia production facility...
Box line buyers shrink charter fleet With charter tonnage in short supply, carriers have turned to buying ships they would usually hire. But that has reduced...
Supramaxes to benefit from longer-haul steel trades With Europe effectively shunning Russian steel amid the conflict in Ukraine, volumes will be sourced from further afield such as...
German owners call for safe passage out of Ukraine VDR, the German Shipowners' Association, says at least 60 ships and more than 1,000 seafarers remain trapped following Russia's invasion...
Ship finance: Alternative providers enter the mainstream While there is still plenty of funding available to the industry, capital providers of all stripes are focusing more on...
Shipbuilding: Full orderbooks but profits remain elusive New orders for gas tankers and containerships have been the main drivers of newbuilding demand during the first quarter of...
Vehicle carriers: Positivity despite auto parts anxiety While orders for pure car and truck carrier newbuildings have risen during the first quarter of this year, ordering activity...
MOL opens online secondhand ship equipment 'shop' MOL plans to expand used equipment trading business following a pilot scheme in Turkey
Daily Briefing Congestion worsens on Shanghai new lockdown rules | India and China may increase crude oil imports from Russia | P&O...
SIPG reports record profit on container market boom Record earnings were attributed to higher container throughput at the port, a surge of income from its box shipping units...
European ports to start green corridor project Northern European and Baltic Sea ports are to form a network to study the commercial potential of alternative fuel supply...
FMC commissioner red-flags Congress on China's container monopoly A federal regulator is using a new report to spotlight the importance of ocean containers to the U.S. economy and the threat of China's market...
Retail boss warns on supply chain, likens demand risk to 'Big Short' Retailer confirms sharp drop in demand since Russia-Ukraine war and sees no supply chain relief.
Biden earmarks $236M to complete Texas ship channel projects The ports of Corpus Christi, Galveston and Brownsville will receive federal funding to complete ship channel improvement projects aimed at increasing cargo capacity.
Port of Savannah marks 19th month of higher container volumes The sustained year-over-year gains propel the Georgia Ports Authority to expedite more than $538 million in funding for projects aimed at increasing capacity at the...
US, UK regulators sink merger of Finnish port crane makers Big companies are finding it increasingly difficult to make big deals that can get regulatory approval in the U.S. and other countries.
INDONESIA DATA: January gasoil imports plunge 41% on month Indonesia's gasoil imports plummeted 40.54% on the month to a three-month low of 259,560 mt in January, data released by Statistics Indonesia in the week of March 28 showed.
FEATURE: Amid ULSD price volatility, it's 'refiner's market' in Latin America With daily price swings hitting $10/b in ultra low sulfur diesel markets, Latin American traders fear that their once-steady supply is heading to Europe, giving refiners an advantage in tenders.
Primorsk ULSD April loadings down 32.4% as Russian refiners cut runs Loadings of ultra low sulfur diesel from the Russian Baltic port of Primorsk in the first eight days of April are set to fall 32.4% on the month as Russian refiners cut runs amid European buyers' shunning of Russian barrels following the country's invasion of Ukraine.
Argentina's YPF taking steps to provide diesel to farmers amid shortage concerns YPF, the biggest oil producer and refiner in Argentina, said late March 29 that it is taking steps to meet farmers' diesel demand during the spring harvest of major export crops, as concerns swell of shortages.
OIL FUTURES: Crude rallies amid stalled Russia-Ukraine talks, US inventory draw Crude oil futures rallied 3% on March 30 on the back of tighter US inventories and lack of progress in Ukraine-Russia peace talks.
Brazil's Enauta in talks to sell 50% stake in Atlanta Field to Karoon Energy: Enauta Brazilian independent oil and natural gas producer Enauta entered into exclusive negotiations to sell a 50% minority stake in the offshore Atlanta Field to Australia's Karoon Energy, Enauta said March 30.
REFINERY NEWS: Venezuelan private entrepreneurs propose restarting Curaçao plant Directors of the Korsou Refinery (RdK) and the local company Cura'ao Oil Refinery Complex B.V. (CORC B.V.) are evaluating proposals submitted by at least two Venezuelan business groups to operate the Caribbean island's 335,000 b/d capacity refinery, according to sources close to the negotiations.
Poland ships diesel to Ukraine to relieve shortages Poland had shipped 22,000 mt of diesel to Ukraine to relieve shortages caused by Russian missile strikes over the past seven days, the Ukrainian foreign ministry said March 30.
Glencore halts new trade deals for Russian commodities Glencore said it will not enter into any new trading business for Russian commodities unless directed by the relevant government authorities but said it will continue to honor its legal obligations under existing supply contracts, subject to sanctions.
Hafnia expects higher 2022 product tanker volumes on rising refinery runs The International Energy Agency expected global refinery intake to rise by 2.9 million b/d this year to 80.8 million b/d, or 860,000 b/d less than its previous estimate.
OIL FUTURES: Crude oil rises amid 'no breakthroughs' in Russia-Ukraine talks Russia-Ukraine talks have not resulted in breakthroughs, Kremlin spokesperson Dmitry Peskov told journalists at a press conference March 30, according to media reports.
REFINERY NEWS ROUNDUP: SAF moving into focus in Europe OMV said it will optimize its integrated refineries in Burghausen and Schwechat to maximize high-quality fossil resources and raise the share of sustainable feedstock.
Singapore April LSFO arbitrage inflow from West likely to dip from March: traders In Europe, availability of 0.5%S and 1%S fuel oil grades was tight due to a lack of low sulfur cracked fuel oil amid meager high sulfur vacuum gasoil supply from Russia, market sources said.
FUJAIRAH DATA: Oil product stocks drop for second week after big naphtha export Heavy distillates stocks stood at 10.187 million barrels March 28, up 0.6% from a week earlier and up 43.18% year on year. The category includes marine bunkers and fuel used for power generation.
Merchantability of Singapore fuel oil in MOC Platts 380 CST, 180 CST and Marine Fuel 0.5%S assessments reflect for RMG fuels as defined by the International Organization for Standardization in document ISO 8217:2010 Petroleum products -- Fuels (class F) -- Specifications of marine fuels.
JAPAN DATA: March 20-26 oil products output falls 2.1% on week Production of low sulfur fuel oil fell 23.0% week on week to 0.44 million barrels in the week to March 26.
JAPAN DATA: March 20-26 oil product exports surge 47.2% to 3.64 mil barrels Low sulfur fuel oil exports came in at 528,083 barrels in the week to March 26, more than doubling from 218,917 barrels the week before
Asia high-sulfur bunker market tightens amid fuel quality concerns: sources The rally in the Asia fuel oil market began as buyers scrambled to find quality fuel in the world's largest bunkering hub of Singapore after reports that certain cargoes were found to contain high levels of organic chlorides that could potentially affect operations of ship engines and damage fuel systems.
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