Freight News

May 29 - Hong Kong delivered 380 CST HSFO bunker hits 12-week high on S Korea demand.

May 29 - Singapore's EPS inks time charter deal for three LPG dual-fuel gas carriers

The mid-size gas carriers, or MGCs, are slated for delivery in 2022 from Hyundai Mipo Dockyard.

May 28 - Parched Parana River likely to hit Argentine grain exports through September 
Shallow water in Argentina's Parana River will slow exports from the grains powerhouse and hurt the country's soy crushing margins at least through September, officials said, as more cargo ships are needed to carry the same amount of commodities. Drought has pushed the Parana to its lowest level in decades, complicating transportation and soymeal production. Some ships are running aground. 

May 28 - Soy loading resumes at Brazil port after COVID-19 case, ship in quarantine 
Soybean loading operations were set to resume late on Tuesday at a berth at Brazil's Paranaguá port after a ship was ordered into quarantine following a positive COVID-19 test on a crew member, authorities said. Loading at the berth was halted after the positive test, the Williams shipping agency said, adding that it was the first confirmed case of the disease at the port since the coronavirus outbreak began.

May 28 - U.S. sanctions advisory raises hurdles for global maritime industry 
Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk of disruptions in a sector already struggling with the fallout of the coronavirus outbreak. The advisory issued this month marked the first U.S. sanctions guidance for the global maritime sector, and will test Washington’s ability to clamp down on violations without disrupting an industry that handles 90% of the world’s trade.

May 28 - Shipping plan would reel international emissions into EU carbon market 
The European Union's carbon market could capture a large chunk of emissions from outside Europe if the bloc succeeds in including shipping in the scheme, according to the European Commission's first report on maritime CO2 emissions. Pollution from ships plying international waters typically escapes countries' domestic emissions-cutting targets, but the EU's executive has said the sector must contribute to its trillion-euro push to achieve a "climate neutral" economy by 2050.

 
May 28 - From bikes to blockchain: Shipping industry goes digital in lockdown 
The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders. Ports operator DP World said on Thursday it would join shipping company Maersk and other peers in a blockchain platform aimed at limiting the sector's costly paper trail.

May 28 - COFCO to turn Santos port terminal from grains to sugar – statement
Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year. COFCO, which manages four sugar and ethanol facilities in Brazil, said the change was a result of higher sugar production in the country this year.

May 28 - Finland's Gasum partners with LNG shipping company
"I'm also happy that loading in Norway confirms our competitiveness in the North European LNG environment," Granqvist said.

May 28 - China's INE closer to launching 0.5% LSFO bunker fuel futures contract
"The contract will be launched soon after the public consultation and a short period of practice trading," a source said.

May 28 - Japan's "K" Line advances wind propulsion plans for ships to cut GHG emissions
The company has inked an option for a further 50 installations for their fleet next year, IWSA said.

May 28 - Global bunker fuel demand set to drop 5%-10% on COVID-19 pain - expert
"The quality part of the new blended fuels has been quite satisfactory," Neo said.

May 27 - Crude hits 10-week high as economic restarts prompt demand optimism
Crude futures settled higher amid signs that the continued reopening of economies in the US and Europe could bring balance to oversupplied oil markets in coming weeks.

May 27 - Asia residue fuel market - Key market indicators this week
The Asian marine fuels market was unlikely to see any significant uptick in the ensuing days, said traders. Despite initial signs of a gradual pick up in demand, a less-than-upbeat market sentiment was underpinned by a supply overhang.

May 27 - Russia bans fuel imports until October to protect domestic refiners
Russia on Monday introduced a temporary ban on imports of oil products, including gasoline, diesel, and jet fuel, until October 1 to protect the domestic market again imports of cheap fuel, mainly from Belarus.

May 27 - Europe and Africa residual fuel -- key market indicators this week
Participants in the European 0.5% sulfur marine fuel market have been eying the possible signs of firming market sentiment in the coming weeks, as national lockdown restrictions from the coronavirus pandemic begin to ease in Europe. However with refinery runs in Europe starting to increase, supply-side pressure is expected if demand does not pick up fast enough.

May 22 - Reminder : Ascension Day on Thursday, the end of Ramadan on Friday and a Bank Holiday on Monday (LDN & NY closed)

May 22 - EasyJet to resume flights in June
EasyJet has said it will resume some flights from 15 June with mask-wearing compulsory for passengers and crew. Initially, the airline will fly on domestic routes in the UK and France, with an international route from Gatwick to Nice. It said it would expand the service as “demand increases and lockdown measures are relaxed”. The airline will introduce enhanced cleaning measures, however, it does not plan to block the middle seats as previously mooted. Several airlines are starting flights in June and July, including Alitalia and Ryanair, as the sector tries to recover from the halt on flying caused by the coronavirus pandemic.

May 22 - Brazil maritime trade surplus widens as ports remain open, farm exports strong - ATP 
Brazil recorded a $19.7 billion maritime trade surplus in the first four months of the year as imports by value fell as the real currency weakened and exports of agriculture goods remained strong, a port operators group said on Monday. The surplus is 14.56% wider than in the same period of 2019 despite the crisis caused by the novel coronavirus, which has disrupted transport systems worldwide, said ATP, which represents Brazilian private-sector terminal operators including miner Vale and grain merchant Bunge.

May 22 - China to simplify customs inspections on iron ore imports 
China will streamline the imports of iron ore and skip sampling inspection of product quality to improve trade facilitation, the General Administration of Customs said on Wednesday. Importers or agents that require a quality certificate, or known as China Inspection and Quarantine (CIQ) certificate, need to submit application to customs, which will issue the it after certain inspections. 

May 22 - Ethiopia bought 600,000 tonnes wheat in tenders - trade 
An Ethiopian government agency bought an estimated 600,000 tonnes of wheat to be sourced from optional origins in two international tenders which closed in late April, European traders said on Wednesday. The purchases involved 400,000 tonnes of wheat in a tender which closed on April 29 and 200,000 tonnes which closed on April 30.

May 22 - European jet paper cracks hit 7-week high amid refinery run cuts
Northwest European jet swap cracks have hit a seven-week high as positive sentiment buoys the paper market, while refinery run cuts bite.

May 22 - Med refineries unlikely to hike runs as bad margins offset rising road fuel demand
Mediterranean refineries are unlikely to ramp up their run rates in the short term as refinery margins remain poor despite an uptick in demand for diesel and gasoline in Europe as countries ease restrictions introduced to combat the COVID-19 spread, according to traders.

May 22 - Small-scale LNG terminal in Poland takes next step
In a bid to increase the use of LNG as a fuel in both maritime and road transport, a feasibility study for a small-scale LNG terminal in Gdansk has been completed with the next step being a decision on whether to precede with the project, Lotos Group said.

May 21 - Germany agrees Eur25/mt start to CO2 tax for transport, heating
The German cabinet has agreed a new CO2 price for transport and heating to start next year at Eur25/mt, economy and energy minister Peter Altmaier and environment minister Svenja Schulze said Wednesday.

May 21 - Singapore LSFO arbitrage inflow to fall in June, supply to stay ample - traders
Singapore is expected to receive about 2 million mt of low sulfur fuel oil from the West in June, lower than the 2.5 million-3 million mt in May, traders said this week.

May 21 - EIA says Midwest ULSD stocks near 20-month high
Ultra low sulfur diesel stocks in the Midwest continued to build for the fifth consecutive week to 34.89 million barrels during the week that ended May 15, rising 1.60 million barrels, Energy Information Administration data showed Wednesday.

May 21 - NYMEX WTI ticks above $32/b as June contract expires without drama
NYMEX WTI crude oil futures climbed Tuesday to their highest values in more than two months as the front-month June contract expired, avoiding any repeat of last month's dive into negative pricing.

May 21 - Price-conscious bunker industry faces tough choices over credit
Tough financial times are bringing the issue of credit lines to the forefront of the shipping industry once again, with crumbling oil demand and tighter credit conditions forcing the industry into some hard choices -- from obtaining or providing credit to broader questions around consolidation. Tentative signs of a demand recovery as measures to combat the coronavirus pandemic are eased offer only limited encouragement.

May 21 - S Korean 0.5% marine fuel premiums move higher on short supply
A crimp in bunker fuel availability led the key 0.5% grade marine fuel delivered in Busan/Ulsan to move higher this week, rising $61/mt or 29% week on week to $271/mt Wednesday, S&P Global Platts data showed.

May 21 - Jet fuel floating storage rises in Northwest Europe
Floating storage levels in Northwest Europe have been rising on the back of weaker clean tanker freight rates, with increased storage demand also helping to buoy the jet fuel premium to front-month ICE low sulfur gasoil futures.

May 21 - Price rally slows amid unexpected dip in US refined product demand
An early morning rally in NYMEX RBOB futures faltered midmorning Wednesday on the heels of a surprise build in US gasoline stocks last week.

May 20 - Release of water from Paraguay dam to help soy barges get to Argentina 
Paraguayan soy barges stuck on the Parana River will be able to continue to journey to the crushing plants of Argentina thanks to the discharge of water from the Yacyreta dam, representatives of the agro-export sector said on Tuesday. The release is aimed at temporarily increasing the level of the Parana, the region's grains cargo superhighway, which empties out into the shipping lanes of the south Atlantic. The level of the waterway has been dramatically reduced by drought, putting global trade flows at risk.

May 20 - Shipping data suggests Brazil may break monthly sugar export record 
The line of ships waiting to load sugar in Brazil has more than doubled in the last week, suggesting Brazil may set a new monthly sugar export record, Plinio Nastari, the president of consultancy Datagro told Reuters. In the first two weeks of May, Brazil exported 1.57 million tonnes of sugar, already exceeding the volume shipped in the entire month of May 2019, according to government data.

May 20 - Saudi Aramco cancels, defers up to 9-10 LPG cargoes for June lifting - traders
Saudi Aramco has announced acceptances of June-lifting term LPG nominations, with up to 10 cargoes canceled or deferred to July, traders said Tuesday, a move that was in line with the market's expectations.

May 19 - Ryanair to cut up to 3,000 jobs
Ryanair is in talks with employees and trade unions about pay cuts, unpaid leave and up to 3,000 job cuts. The airline announced it made over €1bn in profit in the financial year ending March, but the company projects a €200m loss for this quarter. Ryanair plans to restart large numbers of flights from July, its CEO Michael O’Leary told the BBC, but the carrier expects passenger numbers to drop to 80 million in the present fiscal year, about half its original target of 154 million.

May 19 - Refineries in Europe raise runs, restart
Italy's API refinery, which closed due to weak demand in the wake of the coronavirus pandemic, has now restarted, with refineries in Europe gradually raising runs as countries lift restrictions and demand starts picking up.

May 19 - USGC middle distillate flows to Europe at 230,000 mt so far in May - cFlow
US Gulf Coast middle distillate shipments due to arrive in Europe in May amount to about 230,000 mt so far, with around 190,000 mt bound for Northwest Europe and 40,000 mt for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed Monday.

May 19 - Mar fuel oil imports rise 7.2% on month to 4.08 mil barrels
Hong Kong imported 4.08 million barrels of fuel oil in March, up 7.2% from February but down 16.5% year on year, data released Monday by Hong Kong's Census and Statistics Department showed.

May 19 - European distillate swaps surge as countries emerge from lockdown
The middle distillate swaps complex saw a glimpse of blue skies ahead as prompt differential swap values soared over the last week on the back of lockdowns across Europe starting to ease.

May 19 - Global flying capacity shoots up - OAG
Global flying capacity for the week ahead has shot up 6% on the week to above the 30 million seat mark, but remains well below the around 115 million seat level at this time last year, according to air travel data provider OAG.

May 19 - Med ULSD cargoes rise to 18-month high versus NWE cargoes on reduced production
Mediterranean ultra-low sulfur diesel cargoes strengthened to a 18-month high versus Northwest European ULSD cargoes Thursday as demand picks up in the south amid strongly reduced refinery output, while in the North the impact of increasing consumption has been partly offset by the huge amount of product in floating storage.

May 18 - Asia residue fuel - Key market indicators this week
Asia's low sulfur residual fuel market is expected to trade in a narrow range with no major upside expected in the near term.

May 18 - Fujairah port's FOTT bunker volume jumps 8% in April, first gain this year
The Fujairah port on the UAE's eastern coast handled 8% more bunkers in April over the year earlier, the first increase in 2020, Fujairah Oil Tanker Terminals or FOTT said in its monthly activity report.

May 18 - European 0.1% gasoil at rare spot premium to ULSD as coronavirus skews demand - sources
Certain Mediterranean cargoes and ARA barges of 0.1% sulfur gasoil traded at a premium over 10 ppm sulfur ULSD last week, a very rare though not unprecedented trend, traders in the European cash market said Monday, citing considerably skewed demand for refined products caused by measures introduced to limit the spread of the coronavirus.

May 15 - Chevron launches USGC offshore bunkering as prices dip to new lows
Chevron Marine Fuels has begun offering an offshore bunkering option on the US Gulf Coast, with shipping traffic at a standstill amid pandemic demand destruction, the company said.

May 15 - US warns energy, metals industries of sanctions risk from 'illicit shipping'
The US government warned the global maritime, energy and metals industries Thursday to be on guard for "illicit shipping" schemes that expose them to sanctions risks, particularly with trades involving Iran, North Korea and Syria.

May 15 - Danish oil product tanker company Torm says rates rising in Q2

Danish oil-product tanker company Torm said Thursday that freight rates were continuing to power ahead into the second quarter after it cruised to its strongest Q1 results in a decade.

May 15 - Low LSFO prices in S Korea amid ample supply attract north Asia buyers
An increased month-on-month supply of marine fuels in South Korea this month has dragged down marine fuel prices, drawing demand from bargain hunters across north Asia.

May 15 - USGC high sulfur fuel oil M1 swap crack strongest in 10 months despite thin liquidity

High sulfur fuel oil markets have seen a rebound in prices and crack spreads in May, though several market participants have said that the movement seems divorced of current market fundamentals.

May 15 - Will bunker prices go into negative territory ?

Recently we saw the US WTI crude contract for May drop into negative territory. These remarkable prices were driven by low storage availability and flurry of sellers looking to close their positions ahead of expiry.

May 14 - Australia's Port Hedland iron ore shipments to China up 10.6% in April 
Australia's shipments of iron ore to China from the world's top export hub of Port Hedland jumped to 38.7 mln tonnes in April, data from the port authority showed on Friday. Shipments were up by 10.6% from a year earlier, although they shrank by 4.2% from March's figure of 40.43 million tonnes, the data showed. 

 
May 14 - Argentina clears debris from Parana River, improving grains cargo traffic 
Grains flow improved on Argentina's Parana River after debris from a landslide slowed cargo ships over the weekend, the local ports chamber said on Wednesday, while lower-than-normal water levels continued to put downward pressure on traffic rates. May is the peak corn and soy harvesting season in Argentina, one of the world's top exporters of both agricultural commodities. 

 
May 14 - Brazil's Itaqui port open despite coronavirus lockdown, grain shipments up 
Brazil's Itaqui port, from where more than 10% of the country's soybeans were exported last year, has not been affected by lockdown measures imposed this week in Maranhão state due to the novel coronavirus, an official said in an interview on Thursday. Port activity is considered exempt from the order and personnel, rail services and trucks continue to have normal access to the port area, said Ted Lago, the port's president.

May 14 - Mediterranean diesel swaps hit 6-week high on refinery run cuts
Mediterranean diesel paper values have risen to the highest level since the end of March amid refinery run cuts, particularly in the Mediterranean, and lower freight rates, market sources said Wednesday.

May 14 - Bunker price recovery unlikely to be as rapid as collapse - BIMCO
Past crises and price shocks were a reminder that any price recovery in the bunkers market was unlikely to be as rapid as the collapse, while low prices held mixed implications for the shipping industry, international trade association BIMCO said Wednesday.

May 14 - New Orleans marine gasoil hits all-time low as coronavirus hurts demand
Ex-wharf marine gasoil in New Orleans hit a record low Wednesday as bunker demand on the US Gulf Coast continues to be battered by the COVID-19 pandemic.

May 14 - Singapore's Sembcorp Marine hurt by coronavirus capex cuts by customers
Sembcorp Marine has been hard hit by spending cuts due to the coronavirus pandemic and the collapse of oil prices, the Singapore-based company said Wednesday.

May 14 - Aframaxes in North Sea weigh their options amid subdued activity
Aframax shipowners in the North Sea region are considering their options with freight rates weighed on by an absence of cargoes, market sources said.

May 14 - Shipping line Maersk foresees up to 25% drop in Q2 volumes
Danish container giant Maersk warned of a difficult period ahead, according to its first-quarter earnings report Wednesday, with a possible 20-25% decrease in freight volumes in Q2.

May 14 - Rising arbitrage volumes, limited outlets push 380 CST HSFO cash differentials to all-time lows
A supply length and increasing volumes into Singapore from Europe over May and June have sent the Singapore 380 CST high sulfur fuel oil cash differentials crashing to all-time lows in recent days, showed S&P Global Platts data.

May 13 - Singapore Marine Fuel 0.5%S Jun/Jul spread narrows to seven-week high on thinner supply
The Singapore Marine Fuel 0.5%S front-end June/July contango narrowed to a seven-week high on Monday amid tightening supply, showed S&P Global Platts data, reversing a downward trend that lasted for a few months.

May 13 - EU opens Eur112 million call for low-carbon energy research

The European Commission is making Eur112 million ($122 million) available for low-carbon energy research, including CO2 storage pilots, carbon capture and use/storage for heavy industry and converting industrial waste heat into electricity.

May 13 - Run cuts, lower product demand slash USGC clean freight
A recent drop-off in cargo supply out of the US Gulf Coast has pushed clean tanker freight down as much as 61% on week on some routes, with refineries slowing throughput and oil product demand low globally amid the coronavirus pandemic.

May 13 - Cancelled Asia-Europe fixtures to pressure freight lower - sources
Several spot tankers' freight deals to deliver around half a million mt of gasoil and jet fuel into Europe have been cancelled in the last few days as refineries in the Middle East reduce output and countries in Europe struggle to handle surplus oil products due to varying levels of coronavirus-related lockdowns, industry sources across Asia said Tuesday.

May 13 - Singapore court appoints Ernst & Young as judicial manager for Ocean Tankers
Singapore's High Court has granted the application by shipowner Ocean Tankers to be placed under judicial management at the same time partners from the accounting firm Ernst & Young were appointed interim judicial managers after a hearing on Tuesday morning, a source said.

May 13 - Scorpio Bulkers postpones 13 scrubber installations amid investment cuts

Dry bulk company Scorpio Bulkers said Monday it has delayed the installation of 13 scrubbers as part of a wider effort to cut costs.

May 12 - Crude declines as COVID-19 flare-ups prompt demand concerns
Weakened global demand outlooks overshadowed additional voluntary output cuts pledged by Saudi Arabia.

May 12 - Japan's "K" Line defers forecasts, take steps to tide over coronavirus uncertainty
"At the current time, forecasts for FY2020 and dividend payments are undecided," it said.

May 12 - S Korea high and low sulfur bunker fuel fundamentals diverge
Ample supply of the low sulfur grade amid weak demand has dragged marine fuel 0.5%S premiums deeper into negative territory.

May 12 - Japex aims for LNG bunkering at Tomakomai, Hokkaido in 2020s
Japx recently concluded a study for early realization of LNG bunkering at Tomakomai. In Full »

May 12 - Australia's AMSA detains bulk carrier on violation to IMO's HSFO carriage ban
"The non-compliant fuel oil on board had sulfur content of 1.38%," AMSA said.

May 09 - Singapore's residue stocks gain 8.7% to 24.1 mil barrels on higher imports
Singapore's commercial onshore residue stocks gained 8.7% week on week to 24.136 million barrels, or 3.8 million mt, over April 30-May 5 amid higher imports, Enterprise Singapore latest data released Wednesday showed.

May 09 - Crude rallies as market eyes tightened global supply picture
Oil futures rallied in final minutes of trading to settle up 5% on the day as the global supply picture in the wake of more producers announcing cuts Friday.

May 09 - Floating storage interest remains quiet despite weakening freight rates
"Shipowners are still holding up to high time charter rates as they believe floating storage fixing will pick up," a broker said.

May 09 - BP Midstream expects lower Q2 pipeline flows on coronavirus impact
BP Midstream reported first-quarter pipeline flow rates similar to the fourth quarter of 2019, but withdrew previous guidance and will no longer provide full-year guidance due to extreme market uncertainties arising from the coronavirus pandemic, CEO Rip Zinsmeister said Friday.

May 09 - HollyFrontier sees more normal North American crude markets by end year

US refiner HollyFrontier expects more normal North American crude price relationships to return by the end of the year as refiners ramp up runs to meet growing demand for gasoline and diesel, company executives said Thursday.

May 08 - Brazil's Itaqui port open despite coronavirus lockdown, grain shipments up 
Brazil's Itaqui port, from where more than 10% of the country's soybeans were exported last year, has not been affected by lockdown measures imposed this week in Maranhão state due to the novel coronavirus, an official said in an interview on Thursday. Port activity is considered exempt from the order and personnel, rail services and trucks continue to have normal access to the port area, said Ted Lago, the port's president.

May 08 - Crude retreat extends as rally loses steam
Crude futures settled lower Thursday as traders looked to book profits amid uncertain supply and demand outlooks.

May 08 - Gasum subsidiary conducts first ship-to-ship LNG bunkering for product tanker in Germany
Hamburg-based LNG provider Nauticor, a subsidiary of Gasum, said it has conducted the first ship-to-ship LNG bunkering operations for a product tanker in Germany.

May 08 - Bunker One expands supply fleet in West Africa, USGC, Caribbean
Physical bunker supplier, Bunker One, has announced plans to expand its fleet across the US Gulf, the Caribbean and West Africa, the company said in a statement Thursday.

May 08 - International Seaways shifts three scrubber installations on pandemic floating storage need
International Seaways is postponing three of its 10 VLCC scrubber installations to align with the next natural dry docking days for these ships in 2021, as the company expects a bullish second- and third-quarter tanker market due to excessive crude supply and the resulting need for seaborne storage of oil and products, President and CEO Lois Zabrocky said Thursday.

May 07 - Scorpio tankers postpones 19 scrubber installations amid deteriorating economics
Move comes as spread between 0.5% sulfur fuel oil and scrubber-worthy 3.5% S FO narrows.

May 07 - Oil snaps upward streak as demand outlooks dim
Overnight price rally fades ahead of the start of US trading.

May 07 - Hong Kong marine fuel premiums rebound as demand moves away from Singapore
Shipowners opt to take bunker fuel from the port given its attractive valuations instead of the bunkering hub of Singapore.

May 07 - Backwardation in ARA gasoil barge market signals healthy demand: sources
Sources attributing the trend to strong demand from consumers.

May 05 - Tanker owners see freight rates slump; charterers look to profit
Talks surrounding dirty tanker conversions to the clean tanker market have quelled in light of the sharp dropoffs experienced in the latter.

May 05 - Fujairah light distillates imports fell to record low in March
- Kpler
Traders were storing more gasoline and gasoil at sea in March as lockdowns curbed commuting and leisure driving, market analysts said.

May 05 - Singapore's fuel oil imports from the Middle East unlikely to rise in May on high freight rates, inventories
Currently, the volume of fuel oil in floating storage around Singapore stands around 4 million-4.2 million mt, traders said.

May 01 - Shipowners brace for S Korea's new emissions rules amid pandemic pain
Shipowners are starting to gear up for South Korea's stricter environmental emissions rules despite having no time to draw breath after transitioning to IMO 2020 and grappling with the coronavirus pandemic that has caused an unprecedented slowdown in global export trade.

May 01 - Singapore's Keppel offshore and marine business faces hurdles amid global pandemic
"We expect the O&M business to face very challenging conditions in the near future," Loh Chin Hua, CEO of Keppel Corp, said.

May 01 - European 0.5% marine fuel barge price above jet barges on demand fallout
The transport fuel market has seen a demand collapse caused by the coronavirus pandemic, but seaborne fuels are faring better than their air counterparts as prices invert, as prices for fuel oil surpass jet.

May 01 - Taiwan's CPC likely to recover fuel oil export availability in Jun on RFCC turnaround: source
Taiwan's CPC is likely to export at least one cargo of 40,000 mt, either low sulfur fuel oil or high sulfur fuel oil, for loading in June due to a turnaround at its residue fluid catalytic cracker, while the company plans to export no fuel oil cargoes in May, a company source said Thursday.

May 01 - Taiwan's CPC to suspend supply of 380 CST bunker fuel from May 11
Taiwan's state-owned CPC Corp. will suspend the supply of 380 CST high sulfur bunker fuel at the port of Kaohsiung from May 11 due to annual maintenance of the barge Bao Shan No.2, the company said in an email circular Thursday.

May 01 - Rhine water levels rise but barge freight may not go back down
"Barge owners are very occupied, people were scared by dry weather so they hurried to get barges...the current situation will bring some relief," a trader said.

Apr 30 - Panama Canal tweaks payment system to help ships during coronavirus 
The Panama Canal said on Wednesday it would make a temporary change to the payment system for ships booking passage through the waterway in order to offer more flexibility to customers affected by the coronavirus outbreak. "As of May 4, 2020, the interoceanic highway will implement temporary changes to the requirements for making reservations and the advance payment of reservation fees upon confirmation," the Panama Canal Authority (ACP) said in a statement.

Apr 29 - BHP looks to expand iron ore exports from Port Hedland 
Miner BHP Group said on Tuesday it plans to expand its iron ore export capacity from Port Hedland, the largest global shipping hub for the steel-making commodity, by up to 40 million tonnes a year to 330 million tonnes a year. The move comes as improvements across BHP's supply chain have opened the way to raise shipments if market conditions allow, Tim Day, BHP's Acting Asset President Western Australia Iron Ore, said in a statement.

Apr 29 - Russia will be shipping grain from its already depleted Q2 export quota 
Russia will suspend grain exports until July 1 only after the grain it has declared in its second-quarter quota has been shipped, the agriculture ministry said on Sunday. Russia previously set the quota for grain exports of 7 million tonnes for April through June following the outbreak of the new coronavirus. This online grain export quota ran out on Sunday, data from the ministry showed.

Apr 28 - Argentina's ebbing Parana River costs grains sector $244 mln - exchange 
The water level on Argentina's Parana River is at a near 50-year low, hampering export traffic on the grains superhighway and causing local industry $244 million in losses over the past four months, the Rosario Grains Exchange said on Friday. With farmers now harvesting corn and soy, Argentina's two main cash crops, problems caused by the river's decline at the key ports hub of Rosario come just as the government needs export dollars and tax revenue to stay solvent and bolster an economy ravaged by the coronavirus pandemic.

Apr 27 - China's March soybean imports from Brazil fall on cargo delay 
China's March soybean imports from top supplier Brazil fell 24.8% from a year earlier, customs data showed on Sunday, after rains delayed cargoes. China, the world's biggest soybean buyer, imported 2.1 million tonnes soybeans from Brazil, down from 2.79 million tonnes in March of last year, data from the General Administration of Customs showed. 

Apr 26 - China Moly shrugs off South Africa port disruption as DRC cobalt sales rise 
China Molybdenum Co, is sending more copper and cobalt from the Democratic Republic of Congo (DRC) to ports in Tanzania, Namibia and Mozambique, a spokesman said on Thursday, as it weathers coronavirus disruption at South African outlets. South Africa implemented a COVID-19 lockdown on March 27, under which ports handle only essential goods with reduced staff, leaving minerals mined across southern and central Africa without a key route to international markets.

Apr 25 - Singapore gasoil exports jump 148%, but middle distillate stockpiles remain near 43-month high
Industry sources said the recent fall in gasoil outright price has spurred pockets of demand in the region.

Apr 25 - Virus-fueled rout in oil market promises lower US gas supply, higher prices
"NBP is becoming the Waha of Europe; too much gas and not enough places to store it or sell it," said Ira Joseph, Platts Analytics head of gas and power.

Apr 25 - TANKERS: Americas Aframax freight spikes close to 110% on export drive, floating storage
"Lots of ships going off for storage, for about a year," a shipowner said.

Apr 25 - ChemChina to take maiden Khafji crude cargo in May - source
The 141,000-mt Khafji crude cargo is scheduled to arrive at Yantai port on around May 20, a source said.

Apr 24 - Global oil demand drop peaking now at 20-30 mil b/d: Russia's Novak
Despite plunging oil demand and prices, Russian refining throughput is still on the rise at the moment, Novak noted.

Apr 24 - Qatar Petroleum signs $3 billion deal for LNG ship construction in China
"We are confident that we are on the right track to ensuring that our future LNG fleet requirements will be met," Kaabi said.

Apr 24 - Tide turns against scrubbers as shippers hunker down for low oil prices
"The decline in marine order intake was largely due to the lack of scrubber investments, as fuel spreads have narrowed," Wartsila's Eskola said.

Apr 23 - Russia will suspend grain exports for 6 weeks if its quota runs out in mid-May 
Russia, the world's biggest wheat exporter, will suspend grain exports until July 1 once its export quota is exhausted, which is currently expected to happen in mid-May, its deputy agriculture minister Oksana Lut said on Friday. Russia last fully banned wheat exports in 2010 when drought hit its harvest, rocking global markets. Turkey, Egypt and Bangladesh are the largest buyers of Russian wheat

 
Apr 23 - Singapore adds Minerva Bunkering, TFG Marine to list of licensed bunker suppliers 
The Maritime and Port Authority of Singapore (MPA), home the world's top marine refuelling hub, said it has awarded two new bunker supplier licences to Mercuria's Minerva Bunkering and Trafigura's TFG Marine. "MPA and ESG welcome the entry of Minerva Bunkering and TFG Marine, which will consolidate Singapore's position as the global bunkering and oil trading hub," the MPA said in a joint statement with Enterprise Singapore (ESG). 

Apr 23 - Argentina says Brazil agrees to raise level of grains thoroughfare Parana River 
Brazil has agreed to release water at the giant Itaipu hydroelectric dam to raise low water levels in the Parana River, a key thoroughfare for grains shipments, Argentina's Foreign Ministry said on Friday. Decade-low water levels on the Parana are forcing Argentine exporters to load less soy and other grains on ships bound largely for China, adding a new problem to a sector already beset by bottlenecks due to the coronavirus pandemic. 

Apr 23 - Singapore police investigate Hin Leong amid claims of financial misconduct
Hin Leong Trading's liabilities exceeded its assets by $3.336 billion as of April 9.

Apr 23 - Laden MR tonnage builds up in Mexico on discharge delays, ups freight rates
"There is basically no discharge in East Coast Mexico. It's not weather related," a shipowner said.

Apr 23 - VLGC rates rebound to one-month high; set to rise further on Western activity
With the open arbitrage to Asia due to demand recovery in India, Indonesia and China, trade sources estimate some 2 million mt due for May arrival, steady to April.

Apr 23 - Americas tanker freight climbs on depressed crude price dynamics
"With TD3C (270,000 mt Persian Gulf-China route) where it is, owners can do whatever they like," a shipbroker said.

Apr 22 - TFG Marine to start HSFO, MGO, VLSFO deliveries in Singapore port from May
In time, TFG Marine's fleet in Singapore will include clean-energy dual-fuel bunker barges it said.

Apr 22 - Singapore's new bunker suppliers set to quell delivery fears after Hin Leong crisis
The new suppliers will also quench Singapore's thirst for cleaner marine fuels even though competition was set to intensify.

Apr 22 - Russia's river navigation opens gradually ahead of schedule
This year the navigation opened in southern Russia on March 24, or a week earlier than planned.

Apr 22 - Rotterdam VLSFO bunker premium narrows to 7-month low
The bunker premium at Rotterdam has fallen steadily since February.

Apr 21 - Limited HSFO demand hinders traders from storing HSFO despite steep contango
"The current contango can cover tank costs, so we can carry over fuel oil [which is already in tanks] to next month," a trader said.

Apr 21 - Singapore bunker players anxious despite sharp rise in March marine fuel sales
"I am very skeptical now, after what has happened to Hin Leong," a bunker supplier said.

Apr 18 - ARA fuel oil stocks rise to 21-month high in week to 1.540 mil mt - Insight Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub increased 4.5% to 1.540 million mt in the seven days to Wednesday, according to data from Insights Global, reaching over a 21-month high amid continued demand destruction on the back of the coronavirus pandemic.

Apr 18 - Singapore middle distillate stocks soar to 43-month high as narrowing EFS hampers outflows

Singapore middle distillate stocks soared to a 43-month high as a narrowing Exchange of Futures for Swaps spread hampered arbitrage economics to send Asian gasoil to the West, resulting in volumes building up within the city-state.

Apr 18 - Oil product tankers left on water as storage capacity runs thin
Oil product tankers carrying cargoes for discharge in the Amsterdam-Rotterdam-Antwerp hub have been left waiting for ullage availability as storage capacity in the region reaches its limit for oil products, which could lead to a renegotiation of terms between owners and charterers for floating cargoes on the water.

Apr 18 - Singapore light distillate stocks surge to 13-month high on sinking gasoline demand
Commercial onshore light distillate stocks in Singapore, the region's largest oil trading hub, ballooned to a 13-month high in the week ended Wednesday, as regional demand for gasoline ground to a halt amid the global effort to combat COVID-19.

Apr 17 - Rotterdam expects up to 20% drop in port traffic this year due to coronavirus 
Throughput at the Port of Rotterdam is set to drop by up to 20% this year as the coronavirus pandemic disrupts production and trade worldwide, Europe's largest sea port said on Thursday. Throughput of containers, coal, oil products and other bulk goods already declined 9.3% in the first quarter from a year earlier, the port authority said, as economies around the globe shut down in an attempt to contain the coronavirus outbreak.

 
Apr 17 - Egypt's East Port Said fees to be slashed and $50 million invested 
Fees at the Suez Canal's East Port Said will be aggressively cut to boost its competitiveness, while $50 million will be invested in the shipping hub, Egypt's Suez Canal Economic Zone and Suez Canal Container Terminal (SCCT) said on Tuesday. The port is located at the northern end of the canal, one of the world's busiest shipping lanes. However shipping companies have complained that its high fees have priced it out of the market, prompting them to shift business to other Mediterranean ports, especially Pireaus in Greece. 

 
Apr 17 - Operations at three ports run by India's Adani disrupted - sources 
Berthing operations and truck movement were disrupted over the weekend in at least three ports handled by India's Adani Ports and Special Economic Zone Ltd, India's largest port operator, four sources familiar with the matter told Reuters. There was no truck movement at three Adani ports in the state of Gujarat on the west coast, Mundra, Dahej and Tuna, the sources said. Additionally, berthing of container vessels was disrupted at Mundra, they said. 

 
Apr 17 - China's soybean shortage abates at southern ports 
Soybean crushers in southern China have begun to receive beans again from South America, easing a supply shortage in the world's top market, crushers and analysts said. Chinese buyers bring in soybeans to crush into soymeal for the livestock sector and cooking oil, but rains in top supplier Brazil in late February have delayed the harvest and exports, reducing soybeans and soymeal inventories in China to record lows and forcing some crushers to curb operations.

 
Apr 17 - French wheat exports outside EU seen at record high in 2019/20 
France is on course to export a record amount of soft wheat outside the EU this season as grain firms overcome logistical snags created by a coronavirus crisis to meet strong demand from countries such as China, farm office FranceAgriMer said. In monthly supply and demand forecasts on Wednesday, FranceAgriMer raised its projection of French soft wheat exports outside the European Union in the 2019/20 season to June 30 to 13.2 million tonnes from 12.7 million estimated last month. 

Apr 17 - Oil-refining states ask US EPA to waive biofuel mandate amid plunging fuel demand
The governors of five oil-refining states have asked the US Environmental Protection Agency to waive biofuel blending mandates while refiners confront plunging fuel demand as a result of the coronavirus pandemic.

Apr 17 - ARA diesel, gasoil stocks rise 2.9% on week to 6-week high amid low Rhine levels

Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub rose 2.9% week on week to 1.956 million mt as of Wednesday, Insights Global data released Thursday showed.

Apr 17 - LNG in high demand in Europe despite coronavirus' impact - GIE
LNG continues to be in high demand in Europe despite the impact of the coronavirus pandemic across the continent, industry body Gas Infrastructure Europe said Wednesday.

Apr 17 - HSFO Med/North swap hits record low as Med demand weakens
The fuel oil swap product comparing high sulfur fuel oil values in Northwest Europe against its Mediterranean counterpart, known by many as the Med/North, hit record lows Wednesday as HSFO came under pressure from falling bunker demand.

Apr 17 - Middle East butane premium faces pressure from supply glut
The Middle East butane premium to propane has been shaky over the past month and could dip to parity or lower, as the market grapples with ample supply and uncertainty over the recovery of regional demand amid the COVID-19 pandemic, traders said this week.

Apr 17 - Diesel starts competing with jet, gasoline for floating storage in Europe
Ultra-low sulfur diesel is entering into competition with jet fuel and gasoline for floating storage as onland locations across Europe reach capacity amid a sharp fall in diesel demand and a very steep contango making the economics potentially workable, according to industry sources.

Apr 16 - VLSFO cracks hover above record low in NWE amid collapsing demand
Northwest European 0.5%S marine fuel cracks have fallen to record lows as falling demand for marine fuel due to the impacts of the coronavirus pandemic has led to an oversupply of product in the region.

Apr 16 - EU CO2 emissions fell 8.9% in 2019: initial EC data
Carbon dioxide emissions under the EU Emissions Trading System fell by an indicative 8.9% in 2019 from the previous year, according to an analysis of initial figures released by the European Commission Wednesday.

Apr 16 - IEA forecasts 620,000 b/d fall in 2020 fuel oil demand
With coronavirus weighing on the global economy, the International Energy Agency has forecast a 620,000 b/d drop in residual fuel oil demand in 2020.

Apr 16 - Jet demand to crash by 26% in 2020 on coronavirus, gasoline by 11% - IEA
Demand for transport fuels such as jet fuel and gasoline in 2020 will dive by 26% and 11% respectively exacerbated by heavy containment measures caused by the coronavirus pandemic, the International Energy Agency said Wednesday.

Apr 16 - Europe gasoil cash prices, cracking margins collapse as virus catches up with market
While gasoil demand in Europe has held up better than that of other refined oil products since the outbreak of coronavirus, the European gasoil complex has come under severe pressure this week, with cracking margins in the Amsterdam-Rotterdam-Antwerp hub and cash prices in the Mediterranean hitting their lowest levels on record, a trend sources have attributed to increasingly tepid demand and full storage tanks.

Apr 15 - WTI retreats as market weighs lackluster OPEC+ cuts
NYMEX WTI futures retreated Monday, but the rest of the oil complex climbed as the market weighed the impact of a nearly 10 million b/d OPEC+ supply-cut agreement against grim global demand outlooks.

Apr 15 - Asia LSFO market draws clean fuel feedstock on flagging gasoline demand
The Asian low sulfur fuel oil market is drawing in feedstocks for blending into the marine fuel 0.5% pool that typically go into making clean fuels like gasoline, especially low sulfur vacuum gasoil, market sources said Tuesday.

Apr 15 - USGC middle distillate flows to Europe at 430,000 mt so far in April
US Gulf Coast middle distillate shipments scheduled to arrive in Europe in April as of Tuesday, are expected to be about 430,000 mt, with around 370,000 mt bound for Northwest Europe and 60,000 mt bound for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed.

Apr 15 - Bunker fuel inspections expected to drop as coronavirus measures take center stage in shipping
The transition to the International Maritime Organization's global low sulfur mandate and the high sulfur fuel oil carriage ban has been relatively smooth so far but inspections are set to drop as the focus has shifted to containing the coronavirus' spread, with safe bunkering practices, crew changes and continuity of the global supply chain in shipping receiving more attention, sources say.

Apr 15 - India's IOC cuts throughput by 50% on coronavirus
Indian Oil Corp. the country's largest state-run refiner, reduced crude throughput by 50% at its nine refineries to combat a slump in demand for petroleum products due to the lockdown to combat the coronavirus pandemic, company officials said Tuesday.

Apr 15 - NYMEX WTI again tests $20/b as oversupply concerns take focus
Crude futures settled sharply lower Tuesday amid concerns that the OPEC+ producer cuts would be insufficient to prevent a near-term oil glut.

Apr 15 - ARA fuel oil stocks jump 15.8% in week to 1.473 mil mt: Insight Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub jumped 15.8% to 1.473 million mt in the seven days to Wednesday, according to data from Insights Global, a near 15-month high as the coronavirus pandemic continues to take its toll on demand.

Apr 14 - Singapore middle distillate stocks decline on higher gasoil exports
Singapore middle distillate stocks were lower for the second consecutive week as the city-state maintained its position as net exporter of gasoil in the week ended April 8 amid a rise in the outflow, Enterprise Singapore data released last Thursday showed.

Apr 14 - Middle East oil products use, once an engine for global growth, set for record drop, analysts say
The Middle East's consumption of oil products from gasoline to jet fuel will add to pressures on global oil demand for this year as countries led by the energy-dependent Gulf region face economic slowdown, extended lockdowns and an oil price crash that will slam budgets already constrained by the coronavirus pandemic.

Apr 14 - Coronavirus' spread hurts scrubbers outlook in short run - EGCSA
The coronavirus pandemic has created a grim outlook for scrubbers in the short term as some shipowners prepare to divert their capital for other uses while a few defer planned installations either due to a narrowing high/very low sulfur fuel oil spread or a shortage of manpower at shipyards, Exhaust Gas Cleaning Systems Association Director Donald Gregory said in an interview with S&P Global Platts.

Apr 14 - Singapore 380 CST HSFO cash differential plunges to four-year low on ample supply
Singapore 380 CST high sulfur fuel oil cash differentials plunged to a four-year low Thursday on ample supply coupled with slow demand, S&P Global Platts data showed.

Apr 10 - Singapore 10 ppm sulfur gasoil cash differential plunges to record low on supply glut, anemic demand
A supply glut and anemic demand has sent the FOB Singapore 10 ppm sulfur gasoil cash differential plunging to a record low, with the benchmark ULSD grade closing the Asian session Wednesday at a discount of $2.14/b to the Mean of Platts Singapore Gasoil assessment, FOB.

Apr 10 - Atlantic Supramaxes face calm as global demand evaporates
Coronavirus is set to hit the Atlantic dry bulk market in its weakest spot, demand.

Apr 10 - UAE's ADNOC to sell 0.5% sulfur LSFO regularly from Ruwais: traders
Abu Dhabi National Oil Co. plans to sell low sulfur fuel oil with maximum 0.5% sulfur regularly from its Ruwais refinery after it sold a cargo for April loading, according to traders.

Apr 10 - OPEC cuts not enough, but G20 deal could stabilize oil prices: Pioneer CEO
An OPEC+ deal to cut 10 million of oil production in May and June is not enough to counter plunging global demand, but an agreement for further cuts by G20 members could help stabilize oil prices in the mid-$20s/b, Scott Sheffield, CEO of top Permian oil driller Pioneer Natural Resources, said Thursday.
Crude prices slide as 10 million b/d OPEC+ cut fails to impress market.
Crude futures fell Thursday as an emergency OPEC+ group meeting resulted in a production cut agreement that was likely too limited in scope to compensate for the drop in global oil demand caused by the coronavirus pandemic.

Apr 10 - Floating products in tankers offshore comes into focus on USGC
Shipping sources expect floating storage interest on the US Gulf Coast to increase in coming weeks for products with contango structures, as the coronavirus pandemic and a global flood of cheap oil have destroyed spot demand.

Apr 10 - Singapore Marine Fuel 0.5% bunker premium hits record low ahead of OPEC+ meeting
Ministers from OPEC, Russia and nine other producers will log on to a high-stakes online summit Thursday.

Apr 10 - Australia's Port Hedland iron ore exports to China jump by 22 pct in March
Australia's Pilbara Port Authority said on Wednesday that iron ore exports to China jumped 21.6% to 40.43 mln tonnes in March from the month earlier. Exports from the world's biggest iron ore export hub stood at 33.26 million tonnes in February when China typically imports less due to its Lunar New Year holidays. Iron ore miners in March shipped out the third highest volumes since January 2019.

 
Apr 10 - Shipping industry urges free movement of crews to keep trade moving
Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday. About 90% of world trade is transported by sea but a deepening lockdown in many countries and suspended air travel have disrupted supply chains, especially for ship owners who rely on the free movement of crews to keep ships moving.

 
Apr 10 - Argentina's grains trade hit as decade-low river levels limit cargoes 
Decade-low water levels in Argentina's Parana River, a key thoroughfare for grains shipments, are forcing exporters to load less merchandise on ships, adding a new problem to a sector already beset by bottlenecks due to the coronavirus pandemic. The Parana is Argentina grains superhighway, carrying Pampas grains belt agricultural exports from the Rosario ports hub to the shipping lanes of the South Atlantic. Argentina is the world's top exporter of soymeal livestock feed and the No. 3 supplier of corn and raw soybeans.

 
Apr 10 - Indian white sugar exports at near standstill as lockdown bites
India's white sugar shipments have been brought to a near standstill by the coronavirus lockdown, depriving the global market of key supplies after a poor harvest in Asia's top exporter Thailand. Most of India's private ports have declared force majeure and while government ports are operating, they face labour shortages as Indians have been ordered to stay home and avoid spreading the coronavirus under a 21-day lockdown.

Apr 09 - Argentina's grains trade hit as decade-low river levels limit cargoes - Reuters
Decade-low water levels in Argentina's Parana River, a key thoroughfare for grains shipments, are forcing exporters to load less merchandise on ships, adding a new problem to a sector already beset by bottlenecks due to the coronavirus pandemic. The Parana is Argentina grains superhighway, carrying Pampas grains belt agricultural exports from the Rosario ports hub to the shipping lanes of the South Atlantic. Argentina is the world's top exporter of soymeal livestock feed and the No. 3 supplier of corn and raw soybeans.
Argentina’s trade hit as grains superhighway Parana river water draft @ 11-Year low (may get worse) with 31-ft instead of usual 34-ft (3-ft draft difference means ~7,500 tons of cargo for typical Panamax.

Apr 09 - Clean tanker market bracing for COVID-19 hit to oil product demand
Shipowners could find themselves in a perilous position as the second quarter develops, should the coronavirus pandemic continue to instill a worldwide slowdown in demand for oil products, despite continued efforts to place material on floating storage for the months ahead.

Apr 09 - HollyFrontier cuts refinery runs to 70% as coronavirus pandemic eats away at gasoline demand
HollyFrontier said it has cut rates to 70% at its refineries as it looks to manage demand destruction brought upon by the coronavirus pandemic.

Apr 09 - Wrong-footed shippers could face lengthy HSFO shortages
The marine fuel market has been flipped on its head this year, with fears there would be a lack of IMO-compliant premium bunker fuels as shippers rushed to meet the new rules on sulfur content not materializing -- instead shortages of its sulfurous cousin have emerged.

Apr 09 - Medium range tankers fixed for gasoline, jet fuel storage in Europe
Medium range tankers are providing charterers an alternative option in clean product floating storage capacity in Europe, in light of the tightened availability of long range tankers for floating storage, according to shipping sources.

Apr 09 - FUJAIRAH Fuel stocks for marine, power generation climb to all-time high
Fuel stockpiles used by shippers and for power generation jumped to a record high on Monday at the Port of Fujairah in the UAE, the strongest sign yet of dwindling storage space for oil products in the region as demand evaporates due to the coronavirus pandemic.

Apr 09 - Freight jumps on floating storage rush, uncertainty reigns amid coronavirus-related demand slump
Oil tankers have found a second life as floating storage engines to stock cheap crude until markets pick up, after March saw near record low oil prices and sinking demand.

Apr 09 - Halt on US cargoes may soon end as 4 LNG tankers point toward China - cFlow
At least four tankers that loaded at US liquefaction terminals appeared Tuesday to be heading to destinations in China, suggesting that the effective year-long freeze on deliveries there may be ending in the weeks ahead, S&P Global Platts vessel-tracking software cFlow showed.

Apr 08 - Copper belt miners turn to Tanzania as South Africa lockdown hobbles ports 
South Africa's strict coronavirus lockdown has caused miners to divert copper from the country's ports to others in Africa, with Dar es Salaam the clear winner, sources told Reuters. Authorities in South Africa initially said ports would only process essential goods during a three-week nationwide lockdown that began on March 27. On Friday, the Department of Transport said ports remain open to all types of cargo.

Apr 08 - UAE bans MSC Joanna for one year for allegedly carrying non-compliant HSFO: FTA
The UAE's Federal Transport Authority-Land & Maritime has banned the vessel MSC Joanna from its waters and ports for one year after it allegedly sailed out of Jebel Ali Port carrying more than 700 mt of high sulfur fuel oil in violation of a carriage ban imposed on March 1, according to a notice on the Fujairah port website.

Apr 08 - Global refinery runs seen down 14 million b/d this week on coronavirus pandemic
Global refiners entered the second quarter with expectations of lower runs to balance product supply with demand as many margins slip into negative territory as the coronavirus pandemic continues to spread throughout the world, an analysis from S&P Global Platts showed Monday.

Apr 08 - Persian Gulf-Japan VLGC rates fall to 1-year low, but rebound expected

As the Indian market is swooping most of the cargoes, end-April and May looks to be the same, a source said.

Apr 08 - S Korea to reduce sulfur content in bunker fuel for coastal ships by Dec 2021
"As the Korean coastline is not very long, it is efficient to use MGO [marine gasoil]," a bunker trader in South Korea said.

Apr 08 - Crude prices drop late on EIA data, impatience over OPEC+ progress
Crude futures prices dropped sharply late Tuesday after federal data projected only modest US production cuts in 2020 and impatience grew over an apparent lack of progress in a broader OPEC+ deal to scale back volumes.

Apr 08 - US high sulfur gasoil prices fall on vanishing marine fuel demand
The cash price for New York Harbor high sulfur gasoil fell Tuesday to its lowest level on record, pressured by a lack of storage and low demand in marine fuel markets.

Apr 08 - World set for long term oil demand destruction from coronavirus, Goldman's Currie says
Permanent changes to social behavior in the wake of coronavirus lockdowns are likely to hit long term oil demand forecasts and accelerate the shift to cleaner fuels but may be more modest than some forecasters predict, according to Jeff Currie, the global head of commodities research at Goldman Sachs.

Apr 08 - Gulf OPEC states turn on the taps to get head start in market share war
OPEC's core Gulf countries of Saudi Arabia, the UAE and Kuwait appear to have wasted no time in ramping up their crude production after the breakdown of talks with Russia over a new supply accord last month.

Apr 07 - Oil output cuts inevitable but tanker storage reservoir will remain.


Apr 07 - French wheat shipments hit fresh high in March 
French soft wheat shipments outside the EU last month reached their highest level for March in at least 10 years, Refinitiv data showed, as exporters continued to meet brisk demand despite logistical headaches caused by the coronavirus epidemic. Soft wheat exports to destinations outside the European Union totalled 1.63 million tonnes, the highest March volume in figures going back to the 2009/10 season, an initial estimate based on Refinitiv loading data showed.

 
 
Apr 07 - Surge in tanker rates on oil storage unlikely to continue beyond Q2
Given the magnitude of the jump in rates in Q1, market participants said the uptrend was unsustainable. See rates from page

https://www.commodity3.com/swaps/31/tanker-time-charter-in-$-day


Apr 07 - Singapore Marine Fuel 0.5% bunker premium slumps 31% in March on plunging demand
"Tankers are still seeing good demand and higher freight rates but container lines are suffering," said a shipowner.

Apr 07 - MARINE FUEL 0.5%: Sluggish demand, ample supply mar near-term outlook
The marine fuel 0.5% market is unlikely to see any significant rebound from prevailing levels due to lackluster demand coupled with abundant supply. New SWAP page available from :

https://www.commodity3.com/swaps/2/fuel-oil-marine-0.5pct-sul-in-us$-mt


Apr 07 - Asian refiners cut runs, shut down as demand destruction intensifies
Facing limited demand for oil products due to the coronavirus pandemic, refineries in Asia and across the world are increasingly cutting throughput and shutting down.

Apr 07 - CONTAINER SHIPPING QUARTERLY: Supply issues loom amid coronavirus pandemic
The container shipping market is largely braced for a tough quarter, with the global slowdown resulting from the coronavirus outbreak creating a range of logistical issues.

Apr 07 - Rapidly rising floating storage reserve could take years to clear
Oil storage is about the only thing in demand in the crude market right now, with the coronavirus pandemic obliterating consumption and forcing producers and traders to store more oil on the water as land-based facilities near tank tops.

Apr 07 - Rojgaard says wider variety is new frontier of VLSFOs
Key variables, such as viscosity and density, in new IMO 2020-compliant bunker fuels mean those handling them must be prepared, but many of the challenges are familiar, according to fuel testing agency Bureau Veritas.

Apr 07 - USGC middle distillate flows to Europe slow amid talk of Europe exports to USAC
Around 270,000 mt of US Gulf Coast middle distillate shipments was scheduled to arrive in Europe in April as of Monday, with around 210,000 mt bound for Northwest Europe and 60,000 mt bound for the Mediterranean, data from Platts cFlow, trade flow software, showed.

Apr 06 - Bunkers market bucks trend of lower ICE LSGO, follows crude up
The marine fuel bunkers price bucked the recent trend of tracking ICE LSGO downwards after it followed Brent's upwards Thursday.

Apr 06 - Crude climbs on OPEC+ meeting optimism, but US unemployment numbers create headwind
Crude oil prices jumped again Friday morning on discussions by global leaders of production cuts, but new bearish US unemployment numbers held prices down from their earlier highs.

Apr 06 - COVID-19 weighs on European fuel oil in unexpected start to year
The European marine fuel oil market has seen a turbulent year fundamentally so far, from contending with the monumental change that was IMO 2020 to facing demand destruction on the back of the coronavirus pandemic.

Apr 06 - Sinopec plant supplies first IMO-compliant fuel for bonded bunkering at Guangzhou port
Sinopec's Guangzhou Petrochemical refinery in the southern Guangdong province of China has supplied IMO-compliant marine fuel for delivery to ocean-going vessels, the company said on its website Friday.

Apr 04 - Port of Singapore to stay open for operations amid stricter steps to control coronavirus
The Port of Singapore will remain open for operations even though stricter measures have been announced in the country to combat the coronavirus pandemic, the Maritime and Port Authority of Singapore said Friday.

Apr 03 - Wartsila sees scrubber stamina despite blow to fuel oil spread
Interest in scrubbers has and will remain resilient, despite the impact of low oil prices on investment decisions with customers questioning the financial case when the spread between VLSFO and HSFO is below $50/mt, Wartsila's director of exhaust gas cleaning systems Sigurd Jenssen said in an interview with S&P Global Platts.

Apr 03 - Monjasa sees Q1 2020 bunker volumes rise 14% year on year amid global oil slump
Marine fuels trader Monjasa saw first quarter 2020 bunker volumes climb by 13.9% year on year, bucking the downward trend for global oil demand in Q1, a spokesperson from the company said in a statement Thursday.

Apr 03 - Global demand for fuel oil as bunker fuel falls 7% on year on coronavirus: Integr8
Global demand for fuel oil as a bunker fuel has fallen 7% year on year, researchers at fuel management provider and shipping specialist Integr8 said in a research note Thursday.

Apr 03 - NYMEX WTI surges 25% after Trump indicates possible production-cut agreement
Crude prices settled sharply higher Thursday amid optimism of a possible detente in the ongoing Russia-Saudi oil price war.

Apr 03 - Medium sulfur fuel oil gearing for HSFO pool as LSFO loses sheen
Medium sulfur fuel oil with sulfur content of around 1% is heading to the high sulfur fuel oil market, leaving behind the current low sulfur fuel oil pool, on strong HSFO prices, market sources said this week.

Apr 03 - Refineries to slash bunker fuel production in Argentina in April: market sources
Refineries in Argentina are reducing their bunker fuel output amid the lower demand due to the coronavirus quarantine and an economic freefall there.

Apr 03 - March fuel oil barge volumes traded in Platts London MOC surge on month
The March volumes of fuel oil traded in the Platts Market on Close assessment process in London jumped on the month, with 0.5%S leaping 392% and 3.5%S barges rising 19%.

Apr 03 - Coronavirus economic impacts difficult to forecast says Antwerp's port authority
Economic impacts from the coronavirus pandemic are becoming increasingly difficult to forecast at the port of Antwerp amid ongoing uncertainty on the return of industrial activity, the port authority said in a statement Thursday.

Apr 02 - China's ports brace for second hit as virus spread wipes out exports 
China's ports and shipping firms are bracing for a second wave of supply chain disruptions that may be deeper and more prolonged than during the country's coronavirus lockdown as the global spread of the virus chokes off international demand. With Beijing reporting only sporadic domestic transmission of the coronavirus since March, workers have been allowed to return to posts, factories are restarting and ports are rushing to clear a backlog of cargoes.

 
Apr 02 - South Africa says ports remain open despite lockdown 
South Africa's ports remain open to all types of cargo despite a nationwide 21-day lockdown though essential goods should be prioritised, the Department of Transport said in a notice. "(The) government has now decided that in the interest of ensuring a functional supply chain across all ports, that all cargoes will be accepted for loading and off-loading," said the notice, which was dated March 31.

 
Apr 02 - India asks ports to waive demurrage and other charges 
India has asked its ports to waive demurrage and other charges for any delays in arrival, berthing and other operations of ships caused by a 21-day lockdown to contain the spread of the coronavirus, a government statement said. Although ports, which come under the purview of essential services, are operating with minimal staff to ensure smooth supplies of food and other essential goods, the lockdown has slowed down the operation. 

 
Apr 02 - Coronavirus inspections of ships in Argentine contribute to soy supply woes 
Argentine shipments of soymeal, soybeans, corn and other agricultural exports were delayed as the government ramps up inspections of incoming cargo ships to ensure crew members were free of coronavirus, industry sources said on Monday. While Argentine growers were harvesting Southern Hemisphere fall crops unimpeded by health measures taken against the pandemic, supply from the world's biggest exporter of soymeal livestock feed was slowed as some municipal authorities refused to let grains trucks drive through their jurisdictions. 

 
Apr 02 - Egypt's Suez Canal shipping traffic unaffected by coronavirus - chief 
Traffic in Egypt's Suez Canal has so far been unaffected by the spread of the coronavirus, the chief of its authority said on Wednesday, citing a 4.6% increase year-on-year in the number of ships passing through. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.

 
Apr 02 - Britain suspends IMO 2020 shipping fuel checks due to coronavirus 
Britain has suspended checks on ships for compliance with low sulphur fuel regulations as part of wider measures that cut back on inspections to reduce the impact of the coronavirus outbreak on supply chains, the coastguard authority said on Friday. The coronavirus has created growing logistical problems for freight as countries try to keep goods moving despite lockdown in many parts of the world.

Apr 02 - Port of Kiel delays start of cruise season due to COVID-19
"All cruise sailings are suspended but we do carry passengers (essential travel) on most routes in and out from Scandinavia," a spokesman said.

Apr 02 - North Asian bunker demand diverts to S Korea on competitive prices
South Korea is seeing a diversion of demand to its ports on attractive Marine Fuel 0.5% prices.

Apr 02 - Vitol acquires Singapore's Sinanju Tankers Holdings to strengthen bunkering presence
Vitol Marine Fuels Pte Ltd, a subsidiary of the Vitol Group, has acquired Singapore-based bunker company specialist Sinanju Tankers Holdings, paving the way for Vitol's expansion in the world's largest bunkering port.

Apr 02 - Russia's Spimex starts publishing bunker export prices
Russia's St. Petersburg International Mercantile Exchange has started publishing exchange prices for bunker fuel at Russian ports for export delivery, it said Wednesday.

Apr 02 - Prompt Northwest European HSFO swap spread in steepest contango since Nov 2008
The prompt Northwest European high sulfur fuel oil paper swap has moved to its steepest contango in 11 years as demand vanished from markets as a result of the coronavirus pandemic.

Apr 02 - Euronav sees loss on 2019 VLSFO hedge, expects support for crude tankers
The collapse in the oil complex has been a double-edged sword for crude oil tanker giant Euronav, which purchased a significant volume of bunker fuel in 2019 but which sees a 2020 upside from a firming crude tanker market.

Apr 01 - Egypt to resume wheat inspections at port of origin after lifting of travel restrictions 
Egypt, the world's largest wheat buyer, plans to resume inspections of wheat cargoes at their port of origin once coronavirus travel restrictions are removed, the head of the country's agricultural quarantine told Reuters on Tuesday. The North African country has wheat reserves to last for three months, said Ahmed al-Attar, adding that they are expected to rise to seven months after the local crop is harvested in two weeks.

Apr 01 - Maersk offers supply slowdown as COVID-19 dampens freight demand
Danish container line Maersk is offering customers the opportunity to slow down their supply chains as demand for goods drops off due to coronavirus lockdowns and as warehouses fill up.

Apr 01 - USGC high sulfur spot bunkers drop to new four-year low on falling ICE Brent
IFO 380 bunker fuel prices edged lower Tuesday, dropping to new four-year lows as ICE Brent futures slipped once again.

Apr 01 - HSFO FOB Rotterdam barges traded below $90/mt in Platts MOC
There were multiple trades of FOB Rotterdam 3.5% fuel oil barges at $87/mt Monday in the Platts MOC.

Apr 01 - High freight rates limiting export potential for 0.5%S marine fuel in US
The US market is looking to export 0.5%S marine fuel due to a supply overhang, though sources said an arbitrage that was once open has become more difficult due to rising freight rates.

Apr 01 - The United States could face a dire crude oil storage crunch in the coming weeks and months, with more than half of the nation's commercial crude capacity currently filled and volumes rapidly rising.

Apr 01 - Malaysia's Petronas books 2 Suezmaxes likely to store oil on weak demand: sources
"If they cannot sell, they will have to float the grades," a trader said.

Apr 01 - Port of Marseille continues work amid lockdown across much of France
Port services, the harbor master's office and port operations continue to work, a spokesman said.

Apr 01 - Seven companies sign MOU on developing green hydrogen in Singapore
NRF Singapore will also work with MPA to tackle the maritime decarbonization in this area.

Apr 01 - Ship suppliers should be classed as essential workers: ISSA
That followed complaints from ship supply companies that they were being prevented from delivering to ships in some ports.

Mar 31 - Coronavirus inspections of ships in Argentine contribute to soy supply woes
Argentine shipments of soymeal, soybeans, corn and other agricultural exports were delayed as the government ramps up inspections of incoming cargo ships to ensure crew members were free of coronavirus, industry sources said on Monday. While Argentine growers were harvesting Southern Hemisphere fall crops unimpeded by health measures taken against the pandemic, supply from the world's biggest exporter of soymeal livestock feed was slowed as some municipal authorities refused to let grains trucks drive through their jurisdictions.

Mar 31 - High inventories limit stockpiling LSFO in Singapore amid contango market
High inventories of low sulfur fuel oil in Singapore and a lack of ullage were restricting traders trying to store more fuel oil amid a contango market structure, sources said Monday.

Mar 31 - No 2020 VLSFO supply crunch expected due to COVID-19: Alphatanker
This year is unlikely to see any supply crunch in the very low sulfur fuel oil market because of the unexpected demand destruction caused by the coronavirus pandemic, according to analysts from tanker market intelligence company Alphatanker.

Mar 31 - Shanghai, Ningbo-Zhoushan ports to strengthen partnership
Shanghai International Port Group Co. Ltd has signed a strategic cooperation agreement with Ningbo-Zhoushan Port Co. Ltd, the port operators said late last week.

Mar 31 - Singapore 0.5% marine fuel suppliers seek finished grade amid lack of blending space
Singapore 0.5% marine fuel suppliers and traders have been looking to secure finished grade end-user product due to a lack of available tank space for blending components to make IMO-complaint marine fuel as falling demand leads to a build in inventories, traders said Monday.

Mar 31 - European naphtha at rare discount to propane on lack of demand
Demand for naphtha in Europe as a petrochemical feedstock has been very bearish amid the coronavirus pandemic and wider oil market collapse, leading to it flipping to a discount to competing feedstock propane for the first time since 2017.

Mar 30 - Crude oil contango gives boost to dirty tanker rates
Market players in the dirty tanker sector are eying floating storage amid an oversupply of crude oil and widespread demand destruction due to the coronavirus, giving freight rates a lift, according to market sources.

Mar 28 - Singapore middle distillate stocks swell to 6-month high as gasoil imports double
Singapore middle distillates stocks have ballooned to hit a six-month high after gasoil inflows more than doubled in the week ended March 19-25, Enterprise Singapore data released late Thursday showed.

Mar 28 - India lockdown: Weak demand to hurt bunker industry; LSFO prices fall 15%
India's bunker prices have declined sharply by as much as 15% due to a slump in demand as the country grapples with the deadly coronavirus pandemic by imposing a nationwide lockdown including ports.

Mar 28 - Historic flood of crude to test storage limits as producers weigh shut-in scenarios
As a massive glut of global crude supplies threatens to swamp storage capacity for the first time in history, market watchers are scrambling for data to predict when tank-top contraints will trigger production shut-ins.

Mar 28 - Oil tests multidecade lows as global supply glut looms
Crude oil futures settled lower Friday, erasing gains seen earlier this week as markets eyed a budding global supply overhang in light of pandemic-weakened demand outlooks.

Mar 28 - ARA diesel, gasoil stocks rise 3.8% on week: Insights Global
Stocks were 30% lower year on year, according to Insights Global data.

Mar 28 - Shanghai-Singapore 0.5% marine fuel price gap narrows
The COVID-19 outbreak in China has forced suppliers to cut prices.

Mar 28 - Nauticor, Novatek to work together to develop small-scale LNG supply infrastructure in Baltic
Nauticor said the Rostock LNG terminal would be an important addition and a natural starting point for such cooperation.

Mar 28 - Widening East-West naphtha spread heightens arbitrage interest
European traders have planned another wave of chartering ships for naphtha arbitrage flows into Asia on expectations of further price volatility given the market uncertainties caused by the coronavirus pandemic, trade sources said.

Mar 28 - China raises buying LSFO for stockpiling amid low flat prices, contango

China has increased low sulfur fuel oil purchases for April loading to stockpile, taking advantage of low flat prices and a contango market, market sources said this week.

Mar 28 - Ecuador and Peru cancel heavy sour crude tenders on low demand
Poor buying interest led two Latin American crude producers Petroecuador and Petroperu to cancel two separate tenders of heavy sour crude in less than two weeks, due to demand destruction caused by the coronavirus pandemic and more competitive prices from Middle Eastern grades.

Mar 28 - Total and Zhejiang Energy Group's JV to begin supplying marine fuels from April
"The joint venture agreement has just begun to materialize. Business will commence in April," the ZEG source said.

Mar 27 - South African port closures to hit global copper supply 
South Africa's main export terminals will be closed to mineral exports from midnight on Thursday when a nationwide 21-day lockdown over coronavirus begins, disrupting copper supply from major producer Zambia. Miners in the Zambian copper belt typically transport copper overland to South Africa's ports, where it is exported mainly to China, the world's biggest consumer of the metal.

 
Mar 27 - Some Indian ports declare force majeure, could delay oil discharges - documents, sources 
Some ports in India including those owned by Adani Ports & SEZ Ltd (APSEZ) have declared force majeure after Asia's third-biggest economy announced a 21-day lockdown to prevent the spread of the coronavirus, documents seen by Reuters showed. The federal shipping ministry has issued a letter allowing ports to use the COVID-19 pandemic as valid grounds to declare force majeure, according to a separate shipping ministry order also seen by Reuters. 

 
Mar 27 - Terminals at Argentine grain port Timbues reopen to cargo after gov't decree 
The port of Timbues in northern Rosario, Argentina's main grains export hub, has reopened its terminals to freight days after closing them to help stop the spread of coronavirus, grain processors said on Monday. Gustavo Idígoras, president of the CIARA-CEC chamber of grain processors, told Reuters the central government defused the crisis by issuing a decree clarifying transport regulations under the nationwide quarantine.

 
Mar 27 - Brazil farm town eases coronavirus lockdown to allow grain shipments 
Brazilian farm town Canarana in Mato Grosso state will amend its coronavirus decree halting operations in most industries to allow global trading companies to ship grains out of the city, the mayor said on Wednesday. Mayor Fabio de Faria told Reuters in a telephone interview the decision was taken after a meeting with the farmers union. A new version of the decree is likely to be published by the end of the day, the mayor said.

 
Mar 27 - Shipping industry urges G20 to keep freight flowing as virus hits supply chains 
Ships and their crews must be able to trade freely with minimal port restrictions to ensure supply lines don't freeze up while the coronavirus shuts down much of the globe, shipping and port officials said on Tuesday. After draconian steps to stop the spread of the virus, China's economy is slowly coming back online but logistics chains are backing up in other parts of the world.

 
Mar 27 - World food security at risk as exporters curb sales, importers buy more 
Global food security concerns are mounting with around a fifth of the world's population already under lockdown to fight the widening coronavirus pandemic that has infected over 470,000 people across 200 countries, killing 21,000. Panic buying of household staples like toilet paper and cleaning products have occurred in nearly every country hit by the virus, and empty shelves in supermarkets have been common. 

Mar 27 - February sales of marine fuel 0.5%S at Panama Canal fall on month
Sales of marine fuel 0.5%S at the Panama Canal totaled 340,338 mt in February, down 12.35% from January, according to a report published this week by the Panama Canal Authority.

Mar 27 - Singapore Marine Fuel 0.5% differentials for Apr plunge on sinking demand
Cash differential for the supply of Singapore Marine Fuel 0.5% in April were being negotiated significantly lower as compared to levels at which contracts were concluded for supply in March, traders said this week.

Mar 27 - HK's NewOcean Energy 2019 bunker sales up 66% by volume
Hong Kong-based energy company NewOcean Energy said its bunker sales volume in 2019 rose 66% as sales in Hong Kong and Singapore combined rose 90% to 3.826 million mt, while sales in China fell 6.0% to 638,000 mt.

Mar 27 - European LSFO feels COVID-19 impact despite increased utility demand
The hi-lo fuel oil spread -- measuring the relative value of 1% sulfur FOB Northwest European cargoes to 3.5% FOB Rotterdam barges -- could narrow further on increased low sulfur fuel oil availability in Europe combined with lackluster demand amid the coronavirus outbreak.

Mar 27 - Russian producers shrug off impact of tougher coronavirus measures
Russian oil and gas producers said Thursday that measures introduced so far to combat the spread of the coronavirus in Russia will not affect oil and gas production and supply.

Mar 27 - US Gulf Coast IFO 380 grades plummet to new four-year lows
US Gulf Coast IFO 380 bunker fuels plunged Thursday to nearly four-year lows on sagging demand and a declining crude complex.

Mar 27 - Crude snaps 3-day up streak as oversupply narrative comes into focus
Crude futures settled lower Thursday, snapping a three-day up streak as renewed focus on coronavirus-related demand destruction overshadowed the passage of a $2 trillion US stimulus package.

Mar 27 - US Gulf Coast naphtha heads to Asia amid fallen freight; glut of ULSD left onshore
Sunken freight rates for clean tankers due to a global demand decline amid the coronavirus pandemic has left the arbitrage from the US Gulf Coast to Asia wide open for naphtha, but the route to Europe for ultra low sulfur diesel remains shut despite a drop in USGC demand.

Mar 27 - European gasoline cracks near parity with HSFO cracks
High sulfur fuel oil cracks in Europe came within 68 cents/b of the gasoline crack this week, as gasoline margins hit their lowest level on record amid the coronavirus pandemic.

Mar 27 - Singapore's MPA to give rebates to passenger ship owners to cushion COVID-19 impact
The Maritime and Port Authority of Singapore will provide economic relief to passenger vessel owners and operators, as well as passenger terminal operators, that have seen a drop in passenger volumes due to the COVID-19 outbreak, Singapore's deputy prime minister and minister for finance, Heng Swee Keat, announced Thursday.

Mar 27 - Ecopetrol to cut runs at Barrancabermeja by 30%: sources
Colombia's largest refinery, the 220,000 b/d Barrancabermeja complex, is expected to reduce crude process by 30% starting next week, market sources said Thursday.

Mar 27 - Crude remains in the $20s/b as coronavirus spread reduces demand
Petroleum prices fell Thursday, remaining in the $20s/b, as the coronavirus spread continued to reduce travel and demand for transportation fuels.

Mar 27 - India's lockdown amid coronavirus pandemic to hurt middle distillate sector further
The lockdown in India has affected India's aviation sector further amid the coronavirus pandemic as air traffic passenger rates dwindles, pressuring jet fuel prices to dip to record lows.

Mar 26 - US pressures Saudi Arabia to give up oil price war with Russia
The US is urging Saudi Arabia to back off its oil price war with Russia, with Secretary of State Mike Pompeo calling Crown Prince Mohammed bin Salman on Tuesday.

Mar 26 - Lockdown hits India's oil demand; cheaper crude offers opportunity to store
The collapse in oil prices has created opportunities for India to ship in incremental crude cargoes, but dwindling domestic demand because of a countrywide lockdown means oil buyers will be treading cautiously as they try to gauge the demand outlook ahead, analysts told S&P Global Platts.

Mar 26 - SK Energy starts LSFO production from new vacuum residue desulfurization unit
"It [started] about a week earlier than expected, and its now producing commercial product," a source said.

Mar 26 - Pakistan curtails Apr oil product purchases amid COVID-19 slowdown
Pakistan State Oil, which handles the imports, awarded less cargo volumes at lower prices for April deliveries.

Mar 26 - Singapore Apr/May Marine Fuel 0.5%S contango widens to six-month low on demand uncertainty
"The volume of arbitrage cargoes is low in April. But whether supply really tightens depends on demand," a trader said.

Mar 26 - Fujairah's LSFO demand picks up amid delivery delays due to bad weather
Demand this week will be supported by the backlog of deliveries from the delays caused by the bad weather, a trader said.

Mar 26 - Light crudes get cheaper vs heavy as COVID-19 hits gasoline, jet demand
Declining refining margins for transport fuels such as gasoline and jet fuel have impacted demand for lighter crude grades in Asia, with the value of premium grades such as Abu Dhabi's Murban crude flattening against medium, heavy-sour barrels in March.

Mar 26 - Shipping market sees renewed opportunities eastbound on naphtha price collapse
The collapse of the CIF NWE Naphtha market has re-opened conversations within the shipping market about sending product from Europe to Japan, with the arbitrage potentially re-opening as product prices drop.

Mar 26 - Argentina's YPF to boost crude exports as it cuts refinery runs
Argentina's biggest oil producer YPF is maintaining oil production during a coronavirus-sparked lockdown of the economy, but a 30% to 40% plunge in local crude demand has led the state-backed company to plan to step up crude exports despite low international prices, CEO Daniel Gonzalez said.

Mar 26 - Weak gasoil flat prices spark WAF storage demand, support differentials
With flat prices for refined products in Europe touching multiyear lows this month, importers of middle distillates like gasoil and jet fuel in West Africa have also seen outright prices drop heavily, a trend sources this week said has tightened demand and supports differentials.

Mar 26 - CE Delft study shows bio, synthetic LNG viable for decarbonization: SEA-LNG
"As LBM and LSM become available at scale, the carbon-free future will become reality," Keller said.

Mar 26 - Wartsila starts combustion trials on ammonia as marine fuel
The tests are part of a program to develop ammonia as a fuel option, with regard to engines, fuel supply and storage.

Mar 25 - Some Indian ports declare force majeure, could delay oil discharges - documents, sources 
Some ports in India including those owned by Adani Ports & SEZ Ltd have declared force majeure after Asia's third-biggest economy announced a 21-day lockdown to prevent the spread of the coronavirus, documents seen by Reuters showed. The federal shipping ministry has issued a letter allowing ports to use the COVID-19 pandemic as valid grounds to declare force majeure clause, according to a separate shipping ministry order also seen by Reuters. 

Mar 25 - Taiwan sets 0.5% sulfur cap on marine fuels for domestic ships from July
The Environmental Protection Administration of Taiwan will tighten its sulfur cap from 3.5% to 0.5% effective July 1, 2020 for all marine fuels on vessels in Taiwanese waters, bringing it fully in line with international standards, an EPA official said Tuesday.

Mar 25 - Novorossiisk port operations hampered by storms
Operations at the Russian Black Sea port of Novorossiisk were hampered by rough weather conditions late on Monday, a company representative from Russian pipeline operator Transneft said Tuesday.

Mar 25 - USGC vacuum gasoil falls to historic low on coronavirus pandemic, price war

Vacuum gasoil in the US Gulf Coast fell to its lowest-ever assessed levels Monday amid the coronavirus pandemic and the ongoing price war between OPEC and Russia, collapsing gasoline cracks.

Mar 25 - Singapore's MPA issues advisory with more restrictions to contain COVID-19 spread

Crew and passengers on short-term visits would also not be allowed to disembark in Singapore for the time being, the MPA said.

Mar 25 - Hapag-Lloyd trims 2019 bunker consumption despite freight volumes increase: company
"Compared with 2009, bunker consumption per TEU has been cut by around 41%," the company said.

Mar 25 - Russian river navigation to start March 24, a week earlier

Shipments will start Tuesday in the Azov-Don and Volga-Don basins, the ministry said.

Mar 25 - Coronavirus impacts bunker fuel demand in Latin America
Bunker fuel prices in the port of Cartagena have plummeted alongside the collapse seen in world energy prices.

Mar 24 - Bangladesh to import cleaner 0.005% sulfur gasoil from July 2020
Bangladesh will start importing 0.005% sulfur gasoil, instead of the existing 0.05% sulfur gasoil, from July 2020 in a bid to ensure a cleaner environment, Bangladesh Petroleum Corporation, or BPC, chairman Md Shamsur Rahman told S&P Global Platts on Monday.

Mar 24 - PetroChina Liaoyang to keep March gasoil export steady from February
State-owned PetroChina's 180,000 b/d Liaoyang Petrochemical refinery in northeastern Liaoning province, plans to export 120,000 mt of gasoil in March, steady from February, a refinery source told S&P Global Platts Monday. The gasoil export has been steady at 120,000 mt since January.

Mar 24 - German 2020 emissions could fall 30-100 mil mt on COVID-19 outbreak: Agora
Germany could exceed its 2020 climate goal of a 40% cut in CO2 emissions over 1990 due to the coronavirus crisis and the mild, windy winter just passed, think-tank Agora Energiewende said Monday.

Mar 24 - VLSFO cracks hit 6-month low as demand tanks
Cracks for 0.5% marine fuel against Brent have fallen to their lowest levels in six months amid falling demand for marine fuel and an oversupply of product in the region due to the ongoing effects of the coronavirus pandemic.

Mar 24 - USGC middle distillate exports to Europe at 950,000 mt in March, zero so far in April
A total of 950,000 mt of US Gulf Coast middle distillate shipments is currently scheduled to arrive in Europe in March as of Monday, with 670,000 mt bound for Northwest Europe and 280,000 mt set to arrive in the Mediterranean, data from S&P Global Platts trade flow software cFlow showed.

Mar 24 - Shipper Wallenius Wilhelmsen acts to trim costs amid challenges due to COVID-19 spread
Norway-based shipping and logistics company Wallenius Wilhelmsen has cancelled four scrubber installations to reduce its capital expenditure, among other swift measures, as its gears up for tough market conditions amid the COVID-19 spread, the company said in a statement Monday.

Mar 24 - Gibraltar bunkering operations resume as bad weather eases
Bunkering operations at the port of Gibraltar have resumed with no disruptions, a spokesman for the port authority said Monday.

Mar 24 - Asia braces for more energy demand destruction as nations lock down cities
Plummeting oil and gas consumption in China is likely to be replicated in the rest of Asia's developing countries as the coronavirus outbreak triggers more lockdowns and transport disruptions.

Mar 23 - Brazil dock workers mull strike at key port due to coronavirus 
A union representing about 5,000 autonomous dock workers on Friday called on its members to vote on Monday on whether to hold a strike at Latin America's largest port over concerns about coronavirus risk. Rodnei Oliveira da Silva, president of the dock workers union at Brazil's Santos port, said in a video message posted on social media that the vote will be held in front of the union's headquarters on Monday. The port is Brazil's biggest for exports of coffee, sugar, soybeans, corn and cotton. 

Mar 23 - Argentine grain port blocking trucks from entering, shipments unaffected - export chamber
A key port town in northern Rosario, Argentina's main grains export hub, was blocking trucks from entering town on Friday in a bid to stop the spread of coronavirus, though the local export chamber said shipments were not yet unaffected. The Timbues government announced on its website earlier this week that "all commercial, industrial and port activities" would be suspended in the town beginning Thursday to combat the epidemic.
 

Mar 23 - French grain industry in logistics scramble as shoppers bulk buy
France's grain industry is scrambling to find enough trucks and staff to keep factories and ports running as panic buying of pasta and flour because of the coronavirus pandemic coincides with a surge in wheat exports. The French government's designation of the food sector as a strategic priority has helped pasta manufacturers, flour mills and grain exporters get through a first week of lockdown in France, home to the biggest grain industry in Europe.

Mar 20 - Bunker industry may shrink by 10% or more on COVID-19, low oil prices, expert says. With WTI crude oil heading to $20/b, all bets are off, Tolson said.

Mar 20 - Japan cargo ship volumes fall 9% on year in Jan at 16.357 mil mt
Domestic steel shipments fell 18% on year as high steel inventory slowed down the flow of cargoes, the federation said.

Mar 20 - UAE's Lotus Petroleum to start bunker supply in Fujairah from April
"We are in discussions to do high sulfur [bunker fuel] as well, as demand is expected to pick up with an increase in scrubber-fitted vessels," a source said.

Mar 20 - Fuel management provider Integr8 warns of falling viscosity in VLSFO bunker fuel
The decrease in viscosity is linked to a rising share of distillates in blending the new 0.5% S fuels.

Mar 19 - Coronavirus grounds Egypt wheat inspectors 
Egypt, the world's largest wheat buyer, has halted travelling by its wheat inspectors, the head of the agriculture quarantine body told Reuters on Tuesday, after the country decided to shut its air traffic to prevent the spread of coronavirus. Delegations currently in Russia and Ukraine will return and be put under a 15-day quarantine. Only one delegation will remain in France pending further announcements on a curfew or travel restrictions by Paris, quarantine chief Ahmed al-Attar said.

 
Mar 19 - Grain price slump attracts bargain-hunting by importers 
The collapse in grain prices caused by concern about the global impact of coronavirus has generated some bargain-buying by importing countries, traders said on Tuesday. But they said the extent was still limited and there were no signs importers were making especially large purchases to expand stocks. 

 
Mar 19 - Brazil's Santos port operating normally amid coronavirus - Sopesp 
Latin America's largest port in Santos in Brazil will maintain regular operations, port operators said after meeting with dock workers and authorities on Wednesday to discuss measures to deal with the coronavirus outbreak. In a statement sent to Reuters, Regis Prunzel, president of operators group Sopesp, said a crisis committee was created with representatives from all stakeholders at the port, where most of Brazil's coffee, sugar, soybeans, corn and cotton are exported to the world.

 
Mar 19 - Indonesia to cancel rules requiring domestic ships for coal, palm exports 
Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan told reporters on Wednesday. Indonesia, the world's biggest thermal coal exporter, issued regulations in 2018 requiring its coal and palm oil exporters to use domestic shipping companies, which were due to come into force this May.

 
Mar 19 - Activity at Argentina's Rosario grains port normalized - chamber 
Activity at Argentina's Rosario grains port normalized after the publication of coronavirus ship trade protocol, the maritime port activities chamber said on Wednesday.  The protocol comes after the disruptions at ports in the world's number one exporter of soy oil and meal, which is also the third largest seller of corn and unprocessed soybeans.

Mar 19 - Top Greek shipping expo postponed due to coronavirus 
Posidonia, one of the world's biggest shipping exhibitions due to have been held in June, has been postponed until late October due to the coronavirus, the organisers said on Tuesday. Greece has reported 352 confirmed cases of infections and four fatalities. Authorities have closed restaurants, bars, retail shops, playgrounds, schools, universities and gyms to stem the spread of the virus. 

Mar 19 - Japan's Sumitomo Mitsui joins effort to cut CO2 in shipping 
Japan's Sumitomo Mitsui Trust Bank (SMTB) has become the first lender in Asia to join an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions, officials involved said on Friday. Global shipping accounts for 2.2% of the world’s CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.

Mar 19 - Coronavirus seen slowing trade in port of Rotterdam 
The Port of Rotterdam, Europe's largest, expects the flow of goods over the whole of 2020 to be clearly below last year's tonnage and its internal forecasts as the coronavirus spreads across the continent. The outbreak of the virus in China had already been expected to cut 2 million tonnes off monthly goods traffic. The impact will be far greater as Europe's economy is hit, spokesman Leon Willems said.

Mar 19 - Malaysia loosens shipping rules to keep trade flowing amid curbs 
Malaysia relaxed rules for cargo ships entering the country on Thursday, the second day of its two-week movement restriction aimed at containing the spread of the coronavirus. The country will now permit all ships and barter trade vessels to enter any port for loading and discharging cargo, the Marine Department said in a shipping notice on Thursday.

Mar 19 - Crude oil freight rates ease after frantic week, but may rise again - sources 
After a frantic week that sent crude oil freight rates to record highs amid a bookings bonanza to ship Saudi oil to the world, rates are now easing as charterers balk at the nosebleed charges and await Saudi volume plans for April, shipping sources said.  At least five very large crude oil carrier (VLCC) provisional charters failed this week along with another five for Suezmax tankers, most of which were related to Saudi crude oil loadings, ship broker sources said.

Mar 19 - Japan's MUFG takes big loss on loan to Glencore-led coal port - sources 
Mitsubishi UFJ Financial Group (MUFG) sold off its $85 million loan to Glencore's Wiggins Island Coal Export Terminal (WICET) in Australia to a hedge fund on Wednesday at about 52 cents on the dollar, two sources said.  The costly decision at a time of extreme market volatility extinguishes MUFG's exposure to the coal-related asset ahead of the bank's financial year-end on March 31, the two sources and a third person told Reuters.

Mar 18 - Glencore charters world largest tanker to store crude at sea - sources
Trading house Glencore has chartered the 3 million barrel crude carrier 'Europe' to store oil at sea for at least 6 months, trading sources on Tuesday. The vessel is one of two so-called ultra large crude carriers (ULCC), the largest tankers in the world. Glencore booked the vessel at a rate of $37,000 a day for the first six months, according to the sources.

Mar 18 - Argentina looks to defuse grains ports tensions after coronavirus causes delays
Argentina's transport ministry released measures on Tuesday to clarify rules for grains ports amid a coronavirus pandemic and help normalize activity that has been hit by delays after the country closed its borders to contain the virus. The move comes after the disruptions at ports in the world's number one exporter of soy oil and meal, which is also the third largest seller of corn and unprocessed soybeans.

Mar 17 - Surging demand to move flood of crude oil sends smaller tanker rates soaring
A surge in demand to ship the flood of crude oil unleashed by Saudi Arabia and its OPEC peers is sending freight rates surging and forcing buyers to seek out space on smaller tankers with the largest ones booked, shipping sources said. Freight charges to ship oil in Suezmax tankers, which can hold about 1 million barrels, have in some cases increased ten-fold amid a shortage of very large crude carriers (VLCCs) capable of carrying as much as 2 million barrels of oil, the sources said.

Mar 17 - Oil plunge sets off search for tanks, revives dormant Cushing storage trade
Rates to store oil at one of the world's biggest trading hubs are surging, as traders globally scramble to secure space in tanks to cope with slumping demand from the coronavirus outbreak and a flood of supply from the Saudi-Russia price war. The need for a place to park all that surplus crude is breathing new life into the market at Cushing, Oklahoma, the nation's hub for trading of billions of dollars of crude a day and the town that bills itself "the pipeline crossroads of the world."

Mar 17 - Singapore HSFO cash differentials dip as output seen rising after Saudi cuts crude OSP
Singapore high sulfur fuel oil cash differentials dropped last week on expectations that supply will increase following the cut in Saudi Arabia's official selling prices for crude oil.

Mar 17 - Singapore MF 0.5%S bunker premium sinks to near four-month low on demand slump
The Singapore Marine Fuel 0.5%S bunker premium slipped to a near four-month low Friday as demand remained elusive, while suppliers made determined offers to attract buying interest.

Mar 16 - China's port jam eases, but refrigerated container rates soar
Severe congestion at Chinese ports is easing, say officials and industry participants, although a logjam of refrigerated containers has disrupted supplies of fresh and frozen food and pushed up freight rates outside China. Thousands of refrigerated containers carrying meat, seafood and fruit from around the world to China have been stuck for weeks at the country's ports after Beijing extended its Lunar New Year holiday and cities around the nation restricted free movement to curb the spread of coronavirus.

Mar 13 - Brazil port authority says soy vessel stranded in key southern port
The vessel Aeolian Grace, loaded with some 65,000 tonnes of soybeans, has been stranded in Brazil's São Francisco do Sul port since Wednesday, authorities said in a statement on Thursday. Authorities said they were still evaluating whether there were any damages to the ship and had not identified any oil leaks.

Mar 13 - Canada's Brookfield halts sale of Australian coal port due to coronavirus - sources
Canada's Brookfield Asset Management has put the $2 billion sale or potential listing of its coal export terminal in Australia on hold due to travel restrictions amid the spread of coronavirus, two sources said. Running a sale and listing process had become impossible given travel bans due to the global outbreak, the sources said, declining to be identified because they were not allowed to talk to the media.

Mar 13 - German ports brace for blow from coronavirus disruptions
German ports are bracing for their trade to take a severe blow in the coming days as the coronavirus outbreak and related plunge in shipments from China compound a container shortage and push up transport costs in Europe's largest economy. Since ship deliveries from China to Germany take up to six weeks, the port of Hamburg, Germany's largest trading hub, and smaller inland ports are only now beginning to feel the full impact of the COVID-19 virus, which has disrupted the container shipping trade and supply chains the world over.

Mar 13 - Russian ports to disinfect ships from three countries over coronavirus - document
Russia has ordered the mandatory disinfection of ships arriving at the Black Sea ports of Novorossiisk and Yuzhnaya Ozereyevka from Iran, Italy and South Korea because of the coronavirus, a document seen by Reuters showed. A branch of Rospotrebnadzor, Russia's consumer safety watchdog, has ordered port agents "to arrange the disinfection of ships arriving from these countries before the border is opened" in the city of Novorossiisk, the document showed.

Mar 13 - Argentine farmers begin strike to protest hike on soy exports
Argentine farmers began a four-day sales strike on Monday to protest the government's hike of export taxes for soybeans and their byproducts, though shipments were not impacted in the major global food exporter. Three of the South American country's four main rural associations announced the strike last week in frustration over the government's decision to raise soy export taxes to 33% from 30% amid a deep economic crisis.

Mar 12 - VLCC rates surge as Saudi Bahri charters 14 tankers ahead of Aramco output hike
VLCC freight rates surged in Asia Wednesday as Saudi Arabian shipping company Bahri chartered more than a dozen VLCCs from the spot market with the country planning to step up crude output by 3 million b/d from April, market participants said Wednesday.

Mar 12 - Negative Brent/Dubai EFS spells further pain for European, WAF crudes
Sharp cuts in Middle East crude official selling prices and promises of supply rises from several national oil companies pushed the Brent-Dubai Exchange of Futures for Swaps contract into negative territory for the first time Wednesday, signaling yet another blow to sentiment across North Sea, Mediterranean and West African crude markets.

Mar 12 - US EIA trims gas price forecasts, sees increases ahead as production declines
The US Energy Information Administration Wednesday lowered its forecasts for Henry Hub spot natural gas prices forecasts for the first two quarters of 2020, but predicted prices will rise in the second quarter as production declines and more gas is used for power generation.

Mar 12 - Canada traders see crude-by-rail exports below 200,000 b/d as Cenovus suspends program
Canadian crude traders say they are expecting oil exports by rail to fall to as low as 150,000 b/d in April after Cenovus Energy suspended its crude-by-rail program as part of capital spending cuts and the current pricing environment makes shipments to the US Gulf Coast uneconomical.

Mar 12 - Low oil price to help China crude imports recover in May
Low oil prices will help China's crude oil imports rebound in May amid a recovery in demand for domestic oil products and the rise in strategic petroleum reserves, but the volume will be capped by the availability in storage tanks, refiners and analysts said this week.

Mar 12 - US DATA: EIA says Atlantic Coast ULSD stocks draw to four-month low
Ultra low sulfur diesel stocks on the Atlantic Coast saw a 2.28 million-barrel draw for the week that ended March 6 to 32.53 million barrels, Energy Information Administration data showed Wednesday.

Mar 12 - European biofuel prices at five-month lows, but losses modest compared to oil
European biofuel prices have plunged to five-month lows, as the increasing spread of coronavirus alongside the meltdown in the oil complex cast a bearish shadow on the markets.

Mar 11 - European outright refined product prices drop to lowest in over three years
European refined products markets saw their most precipitous losses since 2016 on Monday, as buyers and sellers tried to make sense of the collapse in talks over crude oil production cuts between OPEC and its partner nations, most notably Russia.

Mar 11 - Biodiesel output surged in December on higher exports
Argentina's biodiesel production shot up 54.1% in December year on year, as exports nearly doubled, while ethanol output fell 3.5% over the same period despite increased demand for the gasoline additive, a report from the Energy Secretariat showed Tuesday.

Mar 11 - Weak straight-run fuel oil demand shrinks Singapore viscosity spread in March
Weak demand for straight-run fuel oil has caused the spread between Singapore 180 CST high sulfur fuel oil and that of 380 CST high sulfur fuel oil, otherwise known as the viscosity spread, to contract so far in March, traders said this week.

Mar 11 - Prices up more than $2/b on hopes of possible OPEC+ deal
Oil futures prices remained up and steady Tuesday, potentially on indications of another possible OPEC+ agreement, following Monday's historic decline.

Mar 11 - Prices settle about 10% higher, bouncing after historic decline
Oil futures prices settled roughly 10% higher Tuesday, rebounding following Monday's historic collapse, on the prospects of renewed OPEC+ production cut talks and reports the Trump administration was considering a financial bailout for US oil and natural gas producers.

Mar 10 - IEA slams oil market 'Russian roulette' move to kill US shale
The International Energy Agency on Monday slashed its oil demand forecasts for the current quarter and full year due to the coronavirus crisis, as its executive director, Fatih Birol, denounced certain countries for using the situation to try to "kill" the US shale industry.

Mar 10 - Dated Brent falls below $40/b Monday for first time since April 2016
S&P Global Platts' key Dated Brent benchmark fell below $40/b for the first time since April 2016 Monday.

Mar 10 - Offshore US crude export projects at risk as oil price tumbles
The US Gulf Coast may no longer require as many deepwater crude export terminals to move barrels around the world now that oil prices are tumbling amid pandemic fears and a new market share fight between Saudi Arabia and Russia.

Mar 10 - USGC middle distillate exports to Europe rise to 890,000 mt in March: data
At least 890,000 mt of US Gulf Coast middle distillate shipments are currently scheduled to arrive in Europe in March as of Monday, with 530,000 mt bound for Northwest Europe and 360,000 mt set to arrive in the Mediterranean, data from S&P Global Platts cFlow trade flow software showed.

Mar 10 - Asian gasoline set to plunge to 4-year lows as crude plunges: sources
Asian gasoline market participants displayed highly risk-averse behavior during the Asian morning trade session on Monday, amid increased volatility from the plunge in global oil markets over the weekend that sent Asian gasoline values to open at its lowest in nearly four years, industry sources told S&P Global Platts.

Mar 10 - Prices tumble more than $10/b as market share battle extends selloff
Crude futures tumbled more than $10/b Monday as Saudi Arabia slashed official selling prices, extending a selloff that has largely been in place since late January.

Mar 10 - Oil price crash to spur storage plays; tanker owners upbeat
As oil prices continue to crash dramatically, oil traders are looking to hold more barrels in storage to cope as the oil markets face a supply glut caused by a lack of OPEC+ cuts and the impact of coronavirus on oil demand.

Mar 10 - Singapore jet fuel plummets to four-year low on crude plunge, paralyzed demand
The value of spot Singapore jet fuel cargoes nosedived to a fresh four-year low Monday, dragged down by plummeting values in the upstream crude arena coupled with diminishing demand from the downstream aviation sector.

Mar 10 - HSFO crack trades above minus $10/b for first time since July
High sulphur fuel oil cracks traded above minus $10/b during European trade Monday for the first time in eight months, as limited production and sustained demand for HSFO outside the bunker pool kept prices relatively buoyant.

Mar 07 - Prices plunge 10% as OPEC+ output cut negotiations break down
Crude futures plunged roughly 10% Friday, following news that OPEC+ negotiations for deeper production cuts broke down.

Mar 07 - From Iraq to Canada: Venezuela vacuum intensifies India's heavy crude search
The decision by US to impose sanctions on Rosneft Trading will dry up Venezuelan crude flows to India, as main buyers are expected to comply with the policy and instead aim to boost heavy crude imports from as far as Canada and other Latin America suppliers.

Mar 07 - Gibraltar Hi-5 bunkers spread hits all-time low
The premium of very low sulfur fuel oil over its high sulfur equivalent at Gibraltar port fell to all-time low Friday, as a muted arbitrage to the East adds to ample VLSFO availability and, in-turn, weighs on VLSFO prices in the Mediterranean.

Mar 07 - ExxonMobil restarts downed units at Baton Rouge refinery, USGC ULSD falls: sources
ExxonMobil said it was restarting a crude distillation unit and distillate hydrotreater at its 502,500 b/d Baton Rouge, Louisiana, refinery on Friday, prompting a fall in US Gulf Coast ultra low sulfur diesel, market sources said.

Mar 07 - Crude prices tumble as OPEC+ fails to cut output; coronavirus spreads
Crude prices tumbled Friday, with NYMEX futures approaching lows last seen in August 2016, after OPEC and its coalition partners failed to come to a production cut agreement.

Mar 07 - Singapore's residue stocks jump to near 10-month high on slow bunker sales
"Low sulfur bunker demand looks weak, and China has not been buying fuel oil cargoes at all," a fuel oil trader based in Singapore said. In Full »

Mar 07 - Singapore middle distillate stocks hit 22-week high on backlog of regional inflows

Singapore's gasoil outflows totaled 347,618 mt in the week, outpacing inflows of 273,616 mt, the data showed.

Mar 07 - Asian LSMGO-LSFO spread widens; Singapore spread at 3-month high

"Prices of LSFO was well-supported in January because of tight barge avails and the switch to cleaner fuel," a bunker supplier said.

Mar 06 - Cargo charterers switch to bulk freight as container rates surge
Dry cargo exporters are switching from containerized freight to bulk chartering as container rates into the Pacific basin skyrocket due to the coronavirus.

Mar 06 - OPEC's February crude output at close to 11-year low, deeper cuts loom
OPEC's crude production in February tumbled to 27.99 million b/d, its lowest level since March 2009, according to the latest S&P Global Platts survey.

Mar 06 - Global airline losses in 2020 could hit $113 billion on coronavirus outbreak: IATA
Global airlines could rack up losses of up to $113 billion this year if the coronavirus outbreak worsens, which would be on the scale of the financial costs for the aviation industry during the financial crisis of 2008, the International Air Transport Association said Thursday.

Mar 06 - Singapore 10 ppm gasoil cash differential slips into discount on demand hit, ample supply
Listless demand and ample supply dragged the benchmark Asian 10 ppm sulfur gasoil cash differential into negative territory for the first time in six months, with the discount at 11 cents/b to the Mean of Platts Singapore gasoil assessments Wednesday and holding around minus 10 cents/b early Thursday.

Mar 06 - ExxonMobil moves forward on USGC downstream projects to meet steady demand growth: CEO
ExxonMobil expects 350,000 b/d of increased light, sweet crude oil processing capacity at its three US Gulf Coast refineries by 2023 from its Permian crude production, which will result in an increase in 200,000 b/d of higher value clean product, company CEO Darren Woods said Thursday.

Mar 06 - Wartsila advances LNG bunker barge project for Korea Line, Shell
The ship is expected to be delivered in early 2022 and when delivered, will be chartered by Shell.

Mar 06 - Singapore's March ex-wharf 0.5%S fuel term indications fall on weak demand
"There's the usual weak demand in February and the virus," a supplier said.

Mar 06 - China to boost support for transportation, logistics firms - state media 
China will step up its efforts to support transportation and logistics firms, including steeper tax and fee cuts, state television quoted the cabinet as saying on Tuesday.  Authorities will guide transportation and logistics firms, including express delivery firms, to resume operations in an orderly manner, the cabinet was quoted as saying at a regular meeting.

Mar 06 - Egypt's Suez Canal revenues at $458.2 million in Feb 
Suez Canal revenues increased to $458.2 million in February compared with $433.9 million during the same month last year, its authority said in a statement on Sunday. The canal's revenues were below the $497.1 million made in January. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.

Mar 06 - Singapore postpones showcase shipping week due to coronavirus 
Singapore has postponed its major shipping week gathering next month because of the coronavirus outbreak, the latest international event to be derailed. Singapore Maritime Week (SMW) is one of the world's biggest gatherings for the shipping industry. A statement on the website of Singapore Maritime Week said the organisers had decided to postpone the event, which was scheduled to be held from April 18-24.

Mar 06 - Kuwait to close Doha port to avoid interacting with Iranian ship crews 
Kuwait Port Authority manager Sheikh Yousef Abdullah al-Nasser al-Sabah said on Tuesday that Doha port was closed to avoid interacting with ship crews coming from Iran. He added that "the security of Kuwait and the safety of its people is a red line", and the closure is because Iran is classified as an infested country.

Mar 06 - Shipping goods into Nigeria costs more than for African peers 
It costs as much as five times more to ship goods into Nigeria than it does to deliver items via other African ports, consultancy SBM Intelligence said in a note on Wednesday. SBM tracked shipments from the European Union into Appapa, a key import hub in Nigeria's commercial capital of Lagos, Durban in South Africa and Tema in Ghana over three months. 

Mar 05 - VLCC market to stay supported amid coronavirus outbreak - International Seaways
"Cargoes are still moving and the liftings are still happening," Zabrocky said.

Mar 05 - Mercuria subsidiary Minerva Bunkering starts operations at Fujairah
"Between our bunker tankers and the storage terminal, we think we're logistically well positioned," Baron said.

Mar 05 - Panama Canal to decrease maximum allowable Tanker's draft to 45.5 ft
The ACP said that the change is based on the present and projected level of the Gatun Lake for the upcoming weeks.

Mar 05 - Singapore LSFO prices have hit bottom, but sustained demand unlikely before April - traders
"We have received more inquiries in the last two trading days than when prices were low last week," a bunker supplier said.

Mar 05 - Saudi-led coalition in Yemen says it foiled oil tanker attack in Arabian Sea
The Saudi-led coalition in Yemen fighting Iranian-aligned Houthi rebels said Wednesday it had foiled an attack on an oil tanker in the Arabian Sea by four remote-controlled boats.

Mar 05 - Open interest for ICE March Singapore HSFO swap contracts rises 18% on month in Feb
Total open interest for the March Singapore high sulfur fuel oil swap contracts traded on the Intercontinental Exchange rose 18% month on month to 6.13 million mt as of February 28, data from the exchange showed this week.

Mar 05 - Gazprom Neft boosts IMO 2020-compliant marine fuel sales by 47% in 2019
Russian oil major Gazprom Neft sold around 350,000 mt of IMO 2020-compliant marine fuel in 2019, about 47% higher than 2018's level, the company said in a press release.

Mar 04 - CN Rail faces grain export backlog of 10,000 carloads - CEO
Canadian National Railway Co lost capacity equivalent to 10,000 carloads, or 1 million tonnes of grain exports, in February due to rail blockades by protesters opposed to a pipeline project, Chief Executive Jean-Jacques Ruest said on Tuesday. Activists disrupted passenger and freight traffic last month to show solidarity with the Wet'suwet'en people, who are seeking to stop TC Energy Corp's Coastal GasLink pipeline from being built across their land. 

Mar 02 - TPM 2020 global container freight conference canceled due to COVID-19 threat
The ongoing global crisis over the coronavirus outbreak caused the organizers of the annual TPM container freight conference in Long Beach, California, to cancel the event Saturday, one day before it was due to take place.

Mar 02 - Non-compliant shipowners could face ship detentions on IMO carriage ban: ICS

The International Chamber of Shipping, or ICS, has cautioned shipowners and operators to comply with the International Maritime Organization's carriage ban as errant players could face the prospect of detention.

Mar 02 - Singapore MF 0.5%S cash differential drops to 3-month low on weak demand
The Singapore Marine Fuel 0.5%S cash differential dropped to 60 cents/mt on Friday, the lowest since November 26, 2019, when it was at 48 cents/mt, amid weak bunker demand and stocks build, S&P Global Platts data showed.

Mar 02 - Mexico's Isthmus crude exports to US hit near-five-year high in February
As Mexico continued increasing its exports of medium sour Isthmus crude to the US, February saw the highest volume sold in a month setting a new high five-year record, Pemex, US Customs Bureau and Platts Analytic data showed Monday.

Mar 02 - Americas bunker markets begin March under pressure as weak energy weighs
Spot marine fuel prices in key American bunkers markets opened March under renewed pressure from upstream energy sectors, although impact on demand have been mixed so far, sources said late last week.

Mar 02 - Capesize Scrubber Premium dives on narrowing fuel spreads
The Platts Capesize Scrubber Premium Index, or SPI, hit an all-time low of $4,309/day on February 28 since the start of the assessment on November 1 last year, due to the narrower spread between the 0.5% sulfur marine fuel price and high sulfur fuel oil bunker price.

Feb 28 - Oil tanker caught in protracted PDVSA-Citgo dispute finally set to leave Venezuela
A tanker laden with $57 million in crude has discharged its cargo in Venezuela after sitting for more than a year off the country's coast due to a dispute between the state-run PDVSA oil company and its U.S. unit Citgo Petroleum, according to Refinitiv Eikon data and two shipping sources close to the case. The Gerd Knutsen, which had been stranded amid fallout over U.S. sanctions on PDVSA, arrived at the company's Jose oil terminal earlier this month under orders to discharge its crude.

Feb 27 - Tanker rates plunge over 80% as virus torpedoes shipping
Tanker charter rates have plunged more than 80% as the coronavirus outbreak slams the brakes on major economies, costing the sector hundreds of millions of dollars in lost business, a senior shipping industry official said. While some of the revenue is gone for good, a trade rebound could put the sector back into calmer waters later this year, International Chamber of Shipping (ICS) Secretary General Guy Platten told Reuters in an interview on Wednesday.

Feb 27 - Brazil miner Vale says iron ore ship was damaged 
Brazilian miner Vale SA said on Wednesday the bow of the iron ore ship "MV Stellar Banner" was damaged after leaving a port in the northern Brazilian state of Maranhao on Monday. Vale said in a statement that the ship, which is 100 km (62 miles) off the Brazilian coast, is owned and operated by the South Korean company Polaris. A crew of 20 people has been evacuated from the damaged ship.

Feb 26 - Shipping lines, ports count cost as coronavirus hits supply chains 
China is struggling to resume normal trade operations as fallout from the coronavirus outbreak hits container shipping lines and logistics chains, with goods stuck and costs mounting, industry officials say. The epidemic has upended global supply chains and caused widespread disruption to businesses and factory activity in China, prompting authorities to deliver a steady stream of policy measures over recent weeks to cushion the blow to growth. 

Feb 26 - China's top container ports unclog backlog as virus curbs ease 
China's top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased. The flu-like epidemic, which originated in the city of Wuhan, an inland logistics hub in Hubei province, has killed more that 2,700 and infected over 78,000 in China alone, and caused massive port congestion due to labour shortages caused by city lockdowns across the country.

Feb 25 - Shipping industry faces $370 mln hit from new Panama Canal charge 
A new "freshwater" charge introduced this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus outbreak. The Panama Canal, one of world's busiest shipping routes which handled nearly 14,000 transits last year, said last month it would introduce a charge from Feb. 15 of $10,000 for any vessel more than 125 feet long.

Feb 25 - Brazil soybean harvesting, port activity slows amid rains - consultancy 
Intense rains in parts of Brazil have limited the advance of the soybean harvest over the past few days while also delaying exports of the oilseed, agribusiness consultancy Arc Mercosul said on Friday. The country's 2019/2020 soybean harvest had reached 34.2% of the planted area as of Friday, an advance of 6.8 percentage points over the previous week, according to the consultancy.

Feb 24 - Argentina agriculture ministry suspends registration of exports 
Argentina's Ministry of Agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs. "When they close the registration, it's because something is coming," said agricultural consultant Nestor Roulet, secretary of agribusiness in the government of former President Mauricio Macri, in a telephone interview with Reuters.

Feb 24 - First bauxite cargo from Chalco's Boffa mine arrives in China 
The first cargo of bauxite shipped from Aluminum Corp of China Ltd's Boffa mine in Guinea has arrived in China, a spokesman for the company, which is also known as Chalco, said on Thursday. The 55,000 tonne cargo arrived at the port of Rizhao in eastern China's Shandong province on Wednesday after leaving Guinea in early January, local media reported. 

Feb 24 - Europe's infrastructure at "high risk" from climate change - U.N. study 
European countries need to invest to prepare their transport infrastructure for the impacts of climate change or face hundreds of millions of dollars in repair costs, a U.N. regional commission said in a study it says is the first of its kind. The study, conducted over four years by a group of experts within the U.N. Economic Commission for Europe (UNECE) and released on Tuesday, maps out sections of infrastructure and overlays it with climate data projections.

Feb 21 - Indonesian coal miners say buyers divert purchases due to unclear vessel rules 
Indonesian coal exports are being disrupted because the government has not issued technical guidance on the implementation of new shipping rules, an industry group said on Thursday. Indonesia, the world's biggest thermal coal exporter, in 2018 issued regulations requiring its coal and palm oil exporters to use domestic insurance and shipping companies. 

Feb 21 - China to grant tariff exemptions on 696 U.S. goods to support purchases 
China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States. Tuesday's announcement comes after the Phase 1 trade deal between the two countries took effect on Feb. 14 and is the third round of tariff exemptions China has offered on U.S. goods.

Feb 20 - Pakistan probes link between soybean dust and deaths in port city of Karachi 
Authorities in Pakistan are investigating if exposure to soybean dust, which can cause severe allergic reactions, is responsible for at least 14 deaths and dozens of illnesses in the southern port city of Karachi. More than 200 people have been hospitalised or treated for breathing problems since Sunday as authorities try to determine if a leak of toxic gas was to blame, after many patients complained of an unfamiliar odour. 

Feb 19 - Singapore marine fuel sales hit 2-yr high amid new shipping rules 
January sales of marine fuels in Singapore jumped to a two-year high of 4.515 million tonnes, official data showed on Friday, following the introduction of stricter global rules on ship fuels at the start of the year. The January sales volumes in Singapore, the world's top marine refuelling hub, were up by 8% from last year and 1% higher from December, data from the Maritime and Port Authority of Singapore (MPA) showed. 

Feb 19 - Tripoli government suspends Libya talks after Haftar attacks Tripoli port 
Libya's internationally recognized government on Tuesday suspended talks hosted by the United Nations to halt warfare over the capital after eastern forces shelled Tripoli's port, killing three people and almost hitting a highly explosive gas tanker. The U.N. has been hosting in Geneva ceasefire talks between officers from the Tripoli government and the eastern-based Libya National Army (LNA), led by commander Khalifa Haftar. The two factions have been trying to take the capital in a near year-long campaign, displacing at least 150,000 people.

Feb 18 - Rio Tinto cuts Pilbara shipment outlook after cyclone Damien 
Miner Rio Tinto, on Monday lowered its forecast for the volume of iron ore it expects to ship from the Pilbara region in Australia after tropical cyclone Damien hit the country's west coast. The company said it is resuming operations following the passing of the cyclone and that it will take time for operations to return to normal.

Feb 18 - Protesters disrupt shipments in Brazil's largest port - union 
Brazilian truck drivers began protesting early on Monday at Latin America's largest port in Santos, affecting the unloading of shipments and arrival of trucks at the port, the union representing some of the protesters said.  The protesters are demanding a reduction of value-added taxes on gasoline and diesel, the port's management said. 

Feb 17 - New York is closed this Monday (Presidents Day)

Feb 14 - Global ship deliveries hit by coronavirus disruption to China yards 
Global ship deliveries have been hit as yards in China struggle to get fully back to work as a result of the coronavirus outbreak, with one shipbuilder saying it could not deliver two vessels. The coronavirus has caused chaos in Asia and beyond with flights suspended, businesses disrupted and entry restrictions imposed by governments trying to ward off its spread. The global shipping trade has also been hit.

Feb 14 - UK hopes to have freeports up and running next year 
Britain plans to announce the location of up to 10 post-Brexit freeports by the end this year so they can begin operating in 2021, the government said on Sunday. As Britain develops its own trade policy for the first time in decades after leaving the European Union at the end of January, the government has launched a 10-week consultation setting out its plans for the freeports, or free trade zones.

Feb 14 - Australia's Port Hedland iron ore shipments to China slide in January - Pilbara Ports 
Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, fell 18% from a month earlier, port data showed on Friday. Shipments to China totalled 33.98 million tonnes in January, down from 41.40 million tonnes in December, the Pilbara Ports Authority said. 

Feb 14 - Port of Rotterdam feels pinch of slowing international trade 
Throughput in the Dutch port of Rotterdam flatlined in 2019 as slowing international trade halted many shipments from Asia in the last months of the year. This mainly affected containers, where growth at Europe's largest sea port was negligible in the second half of the year, after a good first six months, the port authorities said.

Feb 14 - Rusagro says cost of sugar exports remains high on lack of port investment 
Russian farming conglomerate Rusagro said on Wednesday the cost of exporting Russian sugar remained high due to lack of investments in port logistics. "Industry and other players are not investing in the logistics in ports mainly, so to export sugar we have to use the same logistics the country is using for wheat and other grains, and in this case it is a situation where demand for export is growing but supply for service is the same," Rusagro Sugar's CEO Nikolay Zhirnov told an industry conference in Dubai. 

Feb 14 - Thailand forecast to export 7.5 mln T of rice in 2020 - exporters association 
Thailand's export body said on Wednesday that the country could lose its place as the world's second-biggest rice exporter, as it sets a rice export target of 7.5 million tonnes for 2020, the lowest in seven years. The Thai Rice Exporters Association blamed drought, fluctuation in currency exchange and stronger competition from India, Vietnam, China and Myanmar for the drop in volumes.

Feb 13 - Crude oil, iron ore, coal cargo offloading slows in virus-hit China: Russell
Calculating the exact impact on commodity markets from the coronavirus epidemic in China is still a fraught process, with too many unknown variables, but there are some early signs of the effect on physical shipments.
China's imports of crude oil and iron ore so far in February are running at levels well below the preceding months, and also from the same month last year, according to vessel-tracking and port data compiled by Refinitiv.

Feb 12 - Back to reality: low-sulphur fuel oil market falls from record highs
Asia's market for very low-sulphur fuel oil (VLSFO) has retreated from its record highs near the start of the year, as demand crumbles under seasonal factors and an epidemic in China, while supply expectations improve, analysts and traders said. Cooling VLSFO prices are also an early sign of stabilizing market fundamentals after months of volatility sparked by adoption of new global marine fuel rules in one of the biggest shake-ups in decades for the shipping and oil industries.

Feb 07 - Australia's iron ore ports cleared ahead of cyclone - Pilbara Ports Authority
Australia's key iron exporting ports have been cleared ahead of a cyclone that is due to make landfall on Saturday, the port authority said on Friday. "The Port of Port Hedland has moved to Cyclone Alert Stage 3 – Clear Port," Pilbara Ports Authority said in a notice.

Feb 07 - Credit Suisse, others back initiative to factor CO2 cuts into shipping finance
Credit Suisse, BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an initiative to link provision of shipping finance to cuts in carbon dioxide emissions. Global shipping accounts for 2.2% of the world's CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.

Feb 07 - China virus may cause delays of anti-pollution equipment retrofits on ships
Shipping companies may face delivery delays of vessels fitted with exhaust gas filtering equipment that complies with anti-pollution rules that kicked in this year due to the impact from the virus outbreak in China, shipping sources said on Friday. A Mitsui OSK Lines executive said many vessels were in Chinese docks to get so-called scrubbers installed to meet the new emissions rules but with four Chinese provinces asking companies to extend the Lunar New Year holiday by a week, to Feb. 10, workers may not be available to complete installations.

Feb 07 - New Zealand loggers, U.S. food exporters suffer from China's virus clampdown
The economic impact of China's coronavirus lockdown is being felt across the globe, with exporters, miners and manufacturers of everything from coal and timber to meat and fruit facing delays and potential shipment cancellations. As the most populous nation and factory floor for many of the world's manufactured goods, China is normally the largest and most voracious consumer of a slew of global raw materials, fuels, and foods.

Feb 07 - Philippines keeps ports open to all ships despite virus fears
The Philippines said on Wednesday its ports remain open to all ships, even those from China, in order not to disrupt the cargo supply chain, but the crew of vessels arriving from the coronavirus-hit nation will be barred from disembarking. All foreigners travelling from China and its two special administrative regions - Hong Kong and Macau - are currently barred from entering the Philippines amid a fast-spreading coronavirus outbreak that has killed nearly 500 people in China.

Feb 07 - Poland puts Polish coal first; halts imports – minister
Polish state-run power producers will halt coal imports, State Assets Minister Jacek Sasin said on Tuesday, after protests by mining trade unions over foreign supplies they say are a threat to the domestic industry. Poland generates most of its electricity from coal, but domestic output has fallen because of cost-cutting and geological problems in old mines, which had led to higher imports, mostly from Russia.

Feb 06 - Virus-hit China may need more imports of coal. Now comes the tricky part - shipping it there: Russell 
China's domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That's a situation that may seem positive for seaborne exporters, but in reality it may be challenging for miners to take advantage. While there may be increased demand for imported coal in China in coming weeks, the problem for major exporters such as Indonesia, Australia and the United States is going to be one of logistics.

Feb 04 - French wheat shipments at six-year high for a January despite strikes 
Soft wheat exports from French ports stayed at a six-year high in January despite intermittent docker and tug boat strikes that saw shipments delayed for up to three weeks in some cases, Refinitiv data showed on Monday. About 1.33 million tonnes of soft wheat left French ports last month, the highest in January since 2014 when 1.66 million tonnes was exported in the month.

Feb 03 - China virus may cause delays of anti-pollution equipment retrofits on ships
Shipping companies may face delivery delays of vessels fitted with exhaust gas filtering equipment that complies with anti-pollution rules that kicked in this year due to the impact from the virus outbreak in China, shipping sources said on Friday. A Mitsui OSK Lines executive said many vessels were in Chinese docks to get so-called scrubbers installed to meet the new emissions rules but with four Chinese provinces asking companies to extend the Lunar New Year holiday by a week, to Feb. 10, workers may not be available to complete installations.

Jan 30 - U.S. ag secretary unsure if coronavirus will slow China's farm imports 
U.S. Agriculture Secretary Sonny Perdue said on Wednesday he does not know whether China's coronavirus outbreak will upset Beijing's pledge to radically increase purchases of American farm goods as part of the countries' recent trade deal. The virus has cast further doubt on China's ability to buy $36.5 billion of U.S. agricultural goods in 2020. Traders were already questioning the commitment as rival soybean supplier Brazil harvests a massive crop and a deadly pig disease curbs Chinese demand for soy used to feed livestock. 

Jan 29 - Tunisia asks supplier to avoid French wheat due to port strikes 
Tunisia's state grains agency has asked one of its suppliers to avoid French wheat due to continuing strikes at French ports which have hampered recent shipments, raising concern in France that it may lose sales. Public transport strikes that have crippled rail services and rolling stoppages by dock workers have left grain exporters in France, the European Union's biggest grain producer, struggling to get their supplies to ports.

Jan 28 - Consortium of three companies to build Egypt's first dry port - minister
A consortium of three companies has been awarded a contract for a $176 million project to build Egypt's first dry port, the first of eight ports the government plans to set up, the transportation minister said on Wednesday. The companies are Egypt's El Sewedy Electric and 3a International and Germany's DB Schenker Egypt, Kamel al-Wazir told reporters after a cabinet meeting. 

Jan 27 - Qatar's QTerminals wins tender to develop, operate Ukrainian sea port 
Qatari sea port operator QTerminals has won a concession tender to develop and operate Ukraine's Black Sea port of Olvia, Ukrainian Prime Minister Oleksiy Honcharuk said on Friday. QTerminals, a joint venture between state-owned Qatar Ports Management (Mwani Qatar) and shipping and logistics group Qatar Navigation (Milaha), is due to invest 3.4 billion hryvnias ($133 million) in the next five years.

Jan 24 - World seaborne coal trade rose 0.7% in 2019 - German importers 
Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday. Imports and exports, counted together, rose to 1.218 billion tonnes from 1.210 billion tonnes in 2018, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters, citing VDKI estimates.

Jan 23 -South Africa's Richards Bay 2019 coal exports fell to five-year low 
South Africa's Richards Bay Coal Terminal (RBCT) said on Thursday exports fell nearly 2% last year to 72.15 million tonnes, their lowest level since 2014, in part because the monsoon season reduced demand from top customer India. RBCT stuck to a target of exporting 77 million tonnes for 2020, the same target as last year's, which it did not meet.

Jan 22 -IMO's marine fuel rules sets shipping industry for a comeback in 2020 -IHS
The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions, according to IHS Markit. "Overall, there is strong optimism around demand for shipping in 2020," said Rahul Kapoor, vice president at HIS Markit in a note on Thursday.

Jan 21 - Germany's 2019 hard coal imports fell 14.7% - importers 
Germany imported 40.2 million tonnes of hard coal last year, 14.7% less than in 2018 due to competition from renewables and gas, and as the steel industry curbed usage, importers said on Friday. The total was comprised of an estimated 7.4% lower intake of coking coal for steelmakers, who purchased 11.5 million tonnes and a 15.5% fall in purchases of coke, a related product, of 1.9 million tonnes, lobby group VDKI said at its annual meeting.

Jan 20 - Refined palm oil cargoes stuck at Indian ports after import curbs
Thousands of tonnes of refined palm oil are delayed or stuck at various Indian ports after the world's biggest edible oil buyer placed restrictions on imports amid a diplomatic row with key supplier Malaysia, multiple sources told Reuters. India announced the curbs on imports of refined palm oil on Jan. 8 in a bid to help domestic refiners raise their plant utilisation rates, according to industry officials familiar with the matter. 

Jan 16 - Shipping players look to cut carbon emissions with vessel powered by ammonia 
A shipbuilder and engine maker are among leading companies looking to develop a vessel that can run on ammonia as part of efforts to speed up carbon reductions in shipping through cleaner fuel options, officials said on Wednesday. The new project aims to design an oil tanker that can be fuelled with ammonia and whose technology can be adapted to other types of ships, officials say. 

Jan 16 - Piracy spike in Singapore Strait prompts calls for tighter security 
Coastal nations around the Singapore Strait must step up surveillance and patrols of the strategic waterway after a sharp rise in piracy incidents last year, maritime watchdog ReCAAP said on Wednesday. The number of piracy and armed robbery incidents in the Strait jumped to 31 in 2019, up from seven in 2018 and the highest since 99 in 2015, the group said in a report. 

Jan 16 - Supplies of IMO compliant shipping fuels rising fast -IEA 
Global supplies of marine fuel compliant with new environmental rules are increasing fast as concerns over quality remain marginal, the International Energy Agency said on Thursday. International Maritime Organization (IMO) rules that took effect on Jan. 1 require ships to use fuels with sulphur content of no more than 0.5%, down from 3.5% before, unless they are equipped with exhaust-cleaning systems known as scrubbers.

Jan 15 - Brazil's January soy shipments to China seen slumping - shipping data 
Soybean exports from Brazil to China in January may fall to around half of January 2019's levels, data from shipping company Cargonave showed, a sign that the imminent signing of a trade deal between China and the United States weighed on business. According to shipping schedules through Jan. 31, soy cargos headed from Brazilian ports to China totaled about 800,000 tonnes, down from about 1.4 million tonnes lined up for shipping to the same destination in January of last year.

Jan 15 - French grain sector fears export squeeze as strikes hit logistics 
Strikes over pension reform in France could slow grain exports from this month by preventing enough supplies from reaching ports and by making the French crop too expensive to compete overseas, industry participants said on Friday. A month-old public transport strike that has crippled rail services and rolling stoppages by dock workers have left companies in the European Union's biggest grain producer struggling to get grain to ports and onto vessels during a period of strong overseas demand.

Jan 14 - Thailand's 2020 rice exports forecast to fall to lowest in seven years 
Thailand's rice exports in 2020 are forecast to drop to their lowest in seven year, the country's rice exporters group said on Thursday, as the strong baht reduces the competitiveness against other shippers. Exports from Thailand, the world's second-biggest exporter of the commodity after India, are expected to drop to 7.5 million tonnes this year, the Thai Rice Exporters Association said. That would be the lowest volume since Thailand exported 6.6 million tonnes of rice in 2013. 

Jan 13 - Russian ministry seeks to limit grain exports at 20 mln T in Jan-June 
Russia's agriculture ministry is looking to set a non-tariff quota for grain exports of 20 million tonnes in January-June, it said in a statement on Tuesday, adding the quota would be scrapped later in the most active part of season for trading. This follows comments last month by the ministry that Russia, the world's largest wheat exporter, was looking for a new way to restrict grain exports at the level of its exportable surplus under "certain market conditions".

Jan 13 - Cargill, Bunge lead Brazil grain shipments in 2019 - shipping data 
Cargill was the largest exporter of soybean and corn from Brazil last year, with combined shipments totaling more than 17 million tonnes for the U.S.-based merchant, according to data released on Thursday by maritime agency Cargonave. Cargill was followed closely by rival by Bunge, which shipped almost 15 million tonnes of the two commodities, according to the data.

Jan 10 - Rising prices show tighter supplies of cleaner fuel for global shipping 
The price of very low-sulfur fuel oil (VLSFO) has risen in recent months, a sign of increasing worry there is not enough of the fuel to comply with new global shipping laws that took effect this year, market participants said. VLSFO has lately started to trade at levels comparable with marine gasoil, a type of diesel fuel used by tankers.

Jan 09 - French wheat shipments hit 7-year high in December despite strikes 
Soft wheat exports from French ports reached a seven-year high in December during the on-going transportation strikes that saw loadings at several ports around the country halted intermittently for several days, Refinitiv data showed Thursday. The volume of soft wheat exported by boat last month rose to 1.34 million tonnes, the highest for December since 2013 when the country exported 1.41 million tonnes, the data showed. 

Jan 09 - Britain to issue shipping guidance for Middle East imminently 
British defence minister Ben Wallace said on Tuesday the Department for Transport and his ministry would issue guidance to shipping in the Middle East imminently after the killing of an Iranian military commander heightened tensions. "The Department for Transport are reviewing the threat state and advice to red-ensign shipping on a daily basis and, supported by the Ministry of Defence, we will issue guidance imminently," Wallace told parliament.

Jan 09 - Suez Canal revenues increase slightly in 2019 - statement 
Suez Canal revenues increased slightly to $5.8 billion in 2019 compared with $5.7 billion in 2018, its authority said in a statement on Saturday. The canal kept its transit toll unchanged in 2020 for all types of vessels except dry bulk vessels and liquefied petroleum gas (LPG) carriers which will increase by 5% compared with 2019, it added.

Jan 09 - India's Adani Ports to buy majority stake in Krishnapatnam Port for $1.89 bln 
Adani Ports and Special Economic Zone (APSEZ) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion). The deal will take its domestic market share to 27% from 22% on a pan-India basis, the company said in a filing to exchanges.

Jan 09 - Australia's Port Hedland iron ore shipments to China jump 12% in Dec - Pilbara Ports
Iron ore shipments in December to China from Australia's Port Hedland terminal, the world's biggest iron ore port, rose more than 12% from a month earlier, port data showed on Thursday. Shipments to China totalled 41.4 million tonnes last month, up from 36.9 million tonnes in November, the Pilbara Ports Authority said.

Jan 08 - Tanker freight and insurance rates hold steady despite rising U.S.-Iran tensions,

with owners hoping that crude carriers moving oil through the Straits of Hormuz and the Persian Gulf won't be targeted again by Iran's Revolutionary Guard. Four tankers were attacked or raided by Iranian commandos last year, sending daily rates above $150,000 a day. "We are now at between $90,000 and $120,000 and traffic across the Hormuz is uninterrupted," says the CEO of a major European tanker operator. "The talk among owners and insurers is that tankers won't be targeted for now, but with tensions at a peak after the killing of the Iranian general, things can change very fast."

Jan 07 - Oil tanker flotilla steams toward U.S. as freight rates surge - sources, data 
A flotilla of oil tankers is sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast to take advantage of surging shipping rates, according to shipping sources and Refinitiv Eikon data on Monday. Eight tankers, an unusually high number, are in the Atlantic and steaming to the United States, with capacity of up to 5.6 million barrels of oil combined, the people said. Freight rates for Aframax vessels out of the U.S. Gulf coast hit record levels last month, drawing more vessels to the region.

Jan 03 - Trade tensions push EU wheat exports to China towards 1 mln tonnes
European Union wheat exports to China this season are expected to reach about 1 million tonnes, led by a run of French sales, after international trade disputes allowed Europe to shift some of its big 2019 crop, grain market sources said. China is the world's largest wheat grower but also imports several million tonnes a year to cover its needs.

Jan 03 - Hundreds in Istanbul sign petitions against Erdogan's canal project
Hundreds of people in Istanbul have signed petitions in the past two days opposing a massive canal project championed by Turkish President Tayyip Erdogan, which they say will wreak environmental havoc in the city. The proposed 45-km (28-mile) Kanal Istanbul on the western fringes of Turkey's largest city would connect the Black Sea to the north and the Marmara Sea to the south. 

Jan 03 - ArcelorMittal sells shipping stake in drive to cut debt
ArcelorMittal, the world's largest steelmaker, has agreed to sell a 50% stake in its shipping business, the first step in its plan to offload $2 billion of assets by the middle of 2021 to reduce its debt. The company, whose net debt stood at $10.7 billion at the end of September, said on Monday the sale of the stake in Global Chartering Ltd (GCL) to DryLog Ltd would cut its debt by $530 million. It has a target to pull it below $7 billion.

Jan 03 - China Nov nickel ore imports from Indonesia surge ahead of export ban
China's monthly nickel ore imports from top miner Indonesia rose to a near 6-year high in November although its overall intake fell, as buyers raced to secure as much material as possible ahead of a ban on Indonesian exports starting in January. Nickel ore shipments from Indonesia were 3.33 million tonnes in November, up 7% from 3.11 million tonnes in October, which was the highest since January 2014, and up 143% from a year earlier.

Jan 02 - Tests raise alarms over fuel blends coming for ocean-going vessels 
As a global clean-fuel mandate takes effect Jan. 1, testing companies examining newer, low-sulfur marine blends acquired in Antwerp, Belgium; Houston and Singapore have found sediment at levels that could damage the engines of ocean-going vessels. Routine tests by AmSpec Services and a unit of Lloyd's Register have raised alarms about safety and compliance just ahead of the new International Maritime Organization (IMO) 2020 standard. Such tests, paid for by suppliers of bunker fuel, have been conducted more frequently due to the shift.

Jan 02 - India cuts tax on palm oil imports, could lift shipments 
India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said on Tuesday. The reduction will lead to higher imports of palm oil by the world's biggest edible oil buyer in coming months as it would narrow the difference between the tropical vegetable oil and competitors such as soyoil and sunflower oil.

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