• 2024 May 24 12:41

    India, Egypt top destinations for Russian seaborne fuel oil, VGO exports in April

    India and Egypt were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April, traders said and LSEG data showed, according to Reuters.

    In total, Russian fuel oil and VGO seaborne exports fell in April by 10% month-on-month to about 3.32 million tons, as refining capacity idled due to maintenance, technical outages and drone attacks, increased last month by 13.6% from March, Reuters calculations showed.

    The European Union's full embargo on Russian oil products went into effect in February 2023 and the bulk of Russia's fuel oil and VGO was redirected to other regions, mostly Asia.

    In April 2024, direct fuel oil and VGO shipments from Russian ports to India increased to 0.6 million metric tons from 0.4 million tons the previous month.

    Russian fuel oil loadings to China decreased last month to about 450,000 tons from 660,000 tons in March, according to LSEG data and Reuters' calculations.

    China and India import straight-run fuel oil and VGO for refining, partially replacing more expensive Urals barrels, traders said.

    Fuel oil supplies to Egypt increased in April to almost 0.5 million tons from 0.1 million tons in the previous month. All the cargoes were discharged at Ain Sukhna Terminal, shipping data showed.

    Traders use Ain Sukhna Terminal as storage and blending facilities, buying fuel oil for power generation ahead of the summer season, market sources said.

    At least 200,000 tons of fuel oil had been loaded in Russian ports so far in May to supply the Ain Sukhna Terminal, according to LSEG data.

    Russian VGO and fuel oil loadings to Fujairah increased in April to about 260,000 tons from 60,000 tons in March.

    Fuel oil supplies from Russia to Senegal fell last month to about 100,000 tons from 310,000 tons in March, while loadings to Saudi Arabia decreased to 200,000 tons versus 490,000 tons, shipping data showed.

    About 300,000 tons of VGO and fuel oil loaded in Russian ports in April went for ship-to-ship loadings near Greece and Malta. Most of those cargoes end up in Asia, market sources said.




2024 June 25

18:00 MOL announces consolidation of equity-method affiliate company Gearbulk
17:25 Baltic Workboats selects Genevos as hydrogen fuel cell supplier
16:54 VIKING ambulance boat order adds to Greek island health care performance
15:56 Liquipar Operações Portuárias to invest $106m in the Port of Paranaguá
15:33 GTT receives an order from Hudong-Zhonghua Shipbuilding for the tank design of ten new very large LNG carriers
14:53 Hamburg Commercial Bank acquires NIBC’s shipping business
14:22 HD Hyundai gets global ship cyber security certifications
13:52 EemsEnergyTerminal may be kept at Eemshaven for longer for security of energy supply and the energy transition
13:22 TMC to supply ALS compressors to NYK’s LNG carriers
12:40 Danske Commodities and Solar Park Kasso sign agreement to optimise world’s largest commercial Power-to-X facility
12:03 Australian Government orders an additional two Guardian-class Patrol Boats for Pacific Maritime Security Program
11:44 Port Houston container volumes up 21 percent to 364,866 TEUs in May
11:03 Kongsberg Maritime expands its retractable thruster line
10:30 China-made icebreaker research vessel delivered in Guangzhou
10:10 Finnlines upgrades route between Sweden and Germany
09:46 Blue World completes successful testing of 200 kW maritime fuel cell system to run on green methanol

2024 June 24

18:06 World’s first methanol dual-fuel retrofit container ship delivered
17:10 New eco-friendly bulk carrier delivered to GOGL
16:30 HD KSOE close to intaking 4.8 trillion won worth order from CMA CGM
16:03 MAN Cryo supplies fuel system for world’s first hydrogen-powered superyacht
15:42 Global offshore wind capacity reaches 75 GW
15:26 Yemen's Houthis claim attack on four ships at Israel's Haifa port
14:56 Wison New Energies signs the EPCIC contract with Genting Group for the delivery of a FLNG facility
13:56 India's GRSE signs an agreement with Carsten Rehder Schiffsmakler and Reederei for the construction and delivery of four multi-purpose vessels
12:58 EU adopts 14th package of sanctions against Russia
12:33 Port of Valencia container volumes up 12.05% to 516,674 TEUs in May 2024
11:58 MSC Cruises carbon intensity cut by 6.5% in 2023
11:32 Western Baltija Shipbuilding starts construction of the first hydrogen-electric ship for Klaipeda State Seaport Authority
10:45 QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation
10:25 TotalEnergies wins further maritime lease in the North Sea to develop 1.5 GW of offshore wind

2024 June 23

15:42 Auramarine inks representative agreement with Hagedorn Products & Systems GmbH and Hagedorn Service & ENgineering GmbH, Germany
13:06 Drewry: Freight rates from China will continue to rise next week
11:34 Enova finance granted to new ammonia-fuelled gas carrier operation
09:37 MSC signs shore power deal in Hamburg

2024 June 22

15:47 MSC launches new Dahlia service for Asia to Mexico trade
13:29 BV hosts its 25th Hellenic and Black Sea Committee
12:24 HD KSOE develops scrubber technology for ammonia-fueled ships
10:04 Lloyd’s Register grants AiP to HD KSOE for novel ammonia fuel supply system

2024 June 21

18:09 HGK Shipping names future-fuel-ready dry goods inland waterway vessel
17:53 Chinese shipyards’ plans for next-generation ships
17:41 Emanuele Grimaldi re-elected as Chairman of the International Chamber of Shipping
16:40 MAN Energy Solutions rejoins SEA-LNG
16:20 India to create $9bn mega port near Mumbai
15:58 Hanwha acquires U.S. Philly Shipyard for $100 million
15:25 DP World completes $400m Сallao Port expansion
14:10 Var Energi, OMV Norge and Lime Petroleum awarded CO2 storage licence in North Sea
13:44 Creos Luxembourg, Fluxys and GRTgaz announce the inclusion of project HY4Link in the European hydrogen network development plan
12:43 Fincantieri and Viking sign contracts for two cruise ships
12:25 First of two new-generation emergency response vessels delivered to Hong Kong Fire Service
12:16 MPA clarifies on liability claims for pollution damage
11:59 A fleet of four Union Maritime tankers to be fitted with Norsepower Rotor Sails
11:38 PortNews Media Group celebrates its 20-year anniversary
11:25 TotalEnergies launches the Ubeta gas development to supply Nigeria LNG liquefaction plant
11:13 SMST secures contract from Cochin Shipyard for mission equipment for North Star SOV
10:38 Lloyd’s Register and the World Liquid Gas Association issue report on the future of dual-fuel LPG engines
10:17 Equinor secures exploration permit for CO2 storage in Denmark
09:56 CMA CGM to reshuffle EURONAF & TMX 2, linking Turkey, Spain, France, Malta, Western Italy, Sicily, Algeria
09:53 Completion of TGS and PGS merger slated for Jul 1, 2024

2024 June 20

18:06 Mammoet begins assembly of world’s biggest land-based crane
17:41 KEZAD Group signs lease agreement with Astha Biotech for AED 44m Microalgae Plant in Abu Dhabi
17:28 DNV's SRC software service launches in Europe
16:19 Equinor awarded two new CO2 storage licenses in the North Sea
16:15 Saudi Global Ports expands capacity with new QC and RTG cranes
15:31 Naftemporiki: Tanker prices on secondary market show signs of stabilization
15:11 Kuala Baram dredging project will improve Miri Port
14:29 A consortium of DEME and Hellenic Cables secured large contract for Princess Elisabeth Island
14:12 Russell Group: German port workers strike could cost $6 billion in lost trade
13:18 Norway and Singapore partner to enhance green maritime collaboration
13:05 Jan De Nul wins contract to supply, install and test three 220 kV AC cables
12:31 MPA reports considerable progress in oil spill recovery efforts