Oil Product Stocks Extend Gains As Middle Distillates Surge 36%
Total stockpiles stood at 19.933 million barrels as of Feb. 7, up 1.7% from a week earlier.
Gasoil exports averaged 18,800 b/d, the lowest since May 2020.
Stocks of heavy distillates and residues...
An Agreement To Create Digital Platform For NSR
Rosatomflot, part of the Rosatom Group, has signed an agreement to create a unified platform for digital services to make shipping via the NSR safer.
The project, worth RUB 1.33 billion ($17.7 million),...
International Group Became A Member Of MARIN Top Tier Project
International Group recently became a member of the Maritime Research Institute of the Netherlands (MARIN) Top Tier project.
The project has been established to examine and assess the causes of container losses.
It...
Seafarers Happiness Index (SHI) Quarter 4 2021 Results
Seafarers Happiness Index (SHI) Quarter 4 2021 results wraps up 2021.
Q4 SHI reports an overall average score of 6.41/10, down from 6.59 in Q3, reflecting an onslaught of issues facing seafarers that...
East of Suez Bunker Fuel Availability Outlook
Bunker supply resumed fully in Zhoushan, Hong Kong and South Korea in the past week after muted activity during the Lunar New Year holiday, reports ENGINE.
VLSFO and HSFO380
VLSFO and HSFO380 availability remains tight...
MOL Inks Charter Contract for a Newbuilding Ice-Breaking Carrier
Mitsui O.S.K. Lines, Ltd. (MOL) announced that on January 26, it agreed to participate in cargo transport for the Arctic LNG 2 Project on Russia’s Gydan Peninsula, and signed, through a MOL subsidiary, a...
Royal Wagenborg Renews And Extends Contract With Castor Marine
Castor Marine will equip an additional 15 Wagenborg vessels, currently on 4G, with VSAT. Castor Marine is proud of Wagenborg’s trust in its services.
For more than eight years the company has provided...
UK Eyes Increased On-Shore Power For Shipping at British Ports
Shore power will be vital to decarbonizing the maritime sector, the government
The BPA cited examples including the Port of Hamburg, where a 33.5 MW capacity project in 2022 would cost Eur76 million
...
Japan’s LNG Stock Prices Fall Ahead Of Snowfall Forecast
METI does not have directly comparable data for the same week last year, but at the end of February 2021 stocks stood at 2.3 million mt.
Stocks at end January 2021 stood at...
Oil Slides over 2% From 7-Year High
A deal could return more than 1 million barrels per day (bpd) of Iranian oil to the market, boosting global supply by about 1%.
Both benchmarks, however, face extreme backwardation in the coming...