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Navigator Holdings Ltd. announced the first carbon-neutral Handysize LPG voyage. Navigator Capricorn, a 20,550cbm semi-refrigerated gas carrier, loaded LPG for U.S. midstream company Sunoco Partners Marketing & Terminal L.P. on 18th January 2020. The voyage commenced at the Marcus Hook export terminal located in Pennsylvania, U.S., and is set to transport cargo safely, reliably and efficiently across the Atlantic to Morocco. In collaboration with the Norwegian climate and technology company CHOOOSE, Navigator has committed to offset 1,068 metric tonnes of CO2 by supporting a UN-verified renewable energy project. The IslaSol ...

The latest version of IBM’s Maximo Enterprise Asset Management (EAM) software, an essential industry tool that helps ship owners maintain their vessels in accordance with international regulations, has been granted type approval by classification society DNV GL. The certification process for Maximo version 7.x was overseen by Manchester-based maritime and offshore specialist IT firm SRO Solutions, part of the Cohesive Companies . Shipowners are legally required to implement a Planned Maintenance System (PMS) to ensure their vessels are operated and maintained in accordance with class and manufacturer requirements. Maximo fulfils ...

Valmet is enhancing emission control with its patented and fully automatic water treatment solution for the marine scrubber system and exhaust gas recirculation system. The solution goes in line with the International Maritime Organization (IMO) guidelines for the marine business. The introduction of the Valmet Marine Water Treatment system is part of Valmet’s continuous development of marine solutions towards more sustainable ship transport. Already years ago, Valmet has been the first supplier to introduce a hybrid scrubber to the market. Valmet Marine Water Treatment system consists of four different modules ...

KVH Industries, Inc., (Nasdaq: KVHI), announced today that GreenSteam, developers of vessel performance optimization solutions for a sustainable shipping industry, has joined the KVH Watch® Solution Partner program and will offer the KVH Watch service as part of its enhanced performance platform for improved data mobility. KVH Watch’s dedicated connectivity will support GreenSteam’s core services, facilitating the movement of data from vessels to shore-based analysts more frequently and reliably in real-time. This will enable customers to better understand the factors leading to fuel wastage and develop more effective sustainability optimization ...

Tapiit Live, the Liverpool based maritime training company, has staged the first ever live-stream mass to seafarers aboard an offshore support vessel. The inaugural ‘offshore live mass’ was broadcast over WIFI by Father Paulo H Prigol, chaplain of ship-visiting network Stella Maris Manila, a catholic charity which cares for seafarers and their families. The broadcast was made to the vessel sailing from America to the East while Father Paulo conducted the mass from Manila while production of the filming was managed live by Tapiit’s team in Liverpool. The ‘Simbang Gabi’ ...

In January-December 2020, seaports of Russia handled 820.8 million tonnes, down 2.3%, year-on-year, says press center of the Association of Commercial Sea Ports. Handling of dry cargo totaled 404.7 million tonnes (+7.6%) including 188.6 million tonnes of coal (+7.1%), 57.7 million tonnes of containerized cargo (+2.1%), 50.3 million tonnes of grain (+30.3%), 19.2 million tonnes of mineral fertilizers (+1.6%), 13.2 million tonnes of ore (+47.8%), 26.9 million tonnes of ferrous metal (+0.7%). Hanlding of liquid bulk cargo totaled 416.1 million tonnes (-10.4%) including 235.1 million tonnes of crude oil (-14.9%), ...

China’s gasoline exports dropped 2.3% in 2020 from a year ago, reaching a two-year low, as fuel demand plummeted globally after governments imposed travel restrictions to contain the spread of the coronavirus pandemic. Exports of gasoline from China, the world’s second-largest oil consumer, were 16 million tonnes last year, data from the General Administration of Customs released on Monday showed. Exports in December were 1.45 million tonnes, down 16.5% from the same month a year ago, data showed. Diesel exports were also weak in 2020, down 7.6% from a year ...

Brazilian soybean exports plummeted in January on ebbing supplies, as farmers sold almost all their old crop soybean stocks, market sources told S&P Global Platts Jan. 19. Brazil exported 17,500 mt in the first half of January, compared with 630,000 mt shipped out in the same period last year, data released by Brazil’s foreign trade department showed Jan. 18. According to analysts, Brazil is likely to export close to 290,000 mt in January, against 1.4 million mt in the corresponding period last year. Due to harvest delay, Brazilian soybeans shipments ...

Asia is estimated to receive about 2 million tonnes of naphtha each in January and February from Europe, the Mediterranean and the United States, according to several trade sources and Refinitiv Oil Research. That would be an increase in the arbitrage flows to Asia from December, which were about 1.5 million tonnes, Refinitiv data shows, a two-month low. Strong prices in Asia are pulling in more shipments from Russia, the Netherlands, Norway, and Mediterranean countries such as Algeria, Egypt and Greece, according to the data. As of Monday, the total ...

China’s Ministry of Industry and Information Technology (MIIT), the regulating body of the country’s industrial sector including steel mills, is collecting the public feedbacks until January 31 for the final version of the “high-quality” development guidelines for the domestic steel mills over the 14th Five-Year Plan period (2021-2025) and over an even longer term until 2035, Mysteel Global noted from MIIT’s notice. The 15-page guidance lists the detailed criteria in all the key aspects including technological upgrading, automation and low-carbon emission in production, capacity distribution optimization, and competitiveness enhancement for ...

China has led the industrial recovery from COVID-19 with the rest of the world struggling to catch up. Manufacturing activity has rebounded faster than anywhere else and China’s imports of metals such as copper and aluminium have been running at record highs. The divergence with the rest of the world is also clear in last year’s global base metals trading patterns. The Shanghai Futures Exchange (ShFE) saw volumes surge as industrial activity bounced back from early-year lockdowns. Trading action on the London Metal Exchange (LME), by contrast, fell hard over ...

Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories. U.S. Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to “act big” on pandemic relief spending. A fall in the dollar after the comments helped oil to rally, analysts said. “This provided a good backdrop for oil and other risk assets,” said Stephen Brennock of broker PVM. “While the near-term ...

Global refinery throughput is expected to rebound by 4.5 million b/d in 2021 after a 7.2 million b/d drop in 2020, the International Energy Agency said Jan. 19. IEA projects 78.9 million b/d throughput this year, versus 76.9 million b/d in 2020, when refinery rates were impacted by COVID-19. Refinery runs rose 2.6 million b/d in November 2020 to 76.1 million b/d, “the largest monthly gain in seven years,” according to the IEA, which attributed the increase to refineries returning “from peak maintenance.” The expected increase of run rates in ...

China appears to have drawn on its crude stockpiles in December, the second time in three months, as the world’s biggest oil importer uses some of the massive surplus it built up last year. China processed 1.24 million barrels per day (bpd) more crude oil in its refineries in December than was available from imports and domestic production, according to calculations based on official data. China doesn’t disclose the volumes of crude flowing into strategic and commercial stockpiles. But an estimate can be made by deducting the amount of crude ...

Northeast Asian utilities are set to extend their search for more power generation oil amid tight natural gas and LNG supply, as South Korean power companies issue multiple tenders to secure fuel oil, while Japanese electricity providers continue to search for any available direct-burning crude oil in the region. The low availability of spot LNG export cargoes in Malaysia and Indonesia, coupled with Panama Canal restrictions and ice conditions in North Asian ports have contributed to the LNG supply crunch in Northeast Asia in recent weeks. As a result, the ...