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PSA port workers at Pasir Panjang Terminal to be tested after new COVID-19 cluster found

The Ministry of Health (MOH) will conduct “special testing operations” for PSA Singapore port workers at Pasir Panjang Terminal as a precautionary measure, after a new COVID-19 cluster was reported there. This comes after a trailer truck driver at Brani Terminal and Pasir Panjang Terminal tested positive for COVID-19 on Tuesday (May 4), said MOH. The 59-year-old Singaporean man is employed by GKE Express Logistics and was last at work on May 1. The man, identified as Case 62824, is linked to three previous dormitory cases, all of whom had ...

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U.S. Push for Carbon-Neutral Ships Expected to Reveal Industry Divisions

A new U.S. push to cut ship emissions will kick into high gear a multibillion-dollar quest for nonfossil fuels to power oceangoing vessels, but likely will face a backlash from Asian and South American nations that fear rising export costs. The U.S. has stayed on the sidelines of a multiyear effort by the International Maritime Organization, the United Nations’ global maritime regulator, to slash CO2 emissions from ships by half in 2050 compared with 2008 levels. But in April, U.S. Special Presidential Envoy for Climate John Kerry signaled a change ...

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Scorpio Tankers Inc. Reports First Quarter Net Loss of $62.4 Million

Scorpio Tankers Inc. Friday reported its results for the three months ended March 31, 2021. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on the Company’s common stock. Results for the three months ended March 31, 2021 and 2020 For the three months ended March 31, 2021, the Company had a net loss of $62.4 million, or $1.15 basic and diluted loss per share. For the three months ended March 31, 2021, the Company had an adjusted net loss ...

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MISC boosts production outlook on oil demand recovery

MISC Bhd expects the recovery in oil demand following the Covid-19 vaccine rollout and stable oil price environment will pave the way for increased activity levels in the global offshore exploration and production space. MISC, in a Bursa Malaysia filing yesterday, stated its offshore business segment will be very selective on growth opportunities as it focuses on its new floating production storage and offloading (FPSO) project in hand. The segment will continue to monitor the market for the next major project as and when the right opportunity arises as its ...

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Sines Was The 2nd Port That Grew The Most In The European Container Market

With 13% year-on-year growth in 2020, the Port of Sines was the second European port with the greatest evolution in containerized cargo, occupying the 16th position in the list of the main European ports in this segment. The ranking was published by a Spanish magazine specialised in transports (Transporte XXI) that analyzed the results of the European port market within last year. Sines was the only port located on the peninsula to register growth in the container segment, maintaining the fourth Iberian position. With the impact caused by the pandemic, ...

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Successful processing of Suez Armada

‘The Suez Armada is as good as processed. We are proud of how well Rotterdam addressed this, but things remain very busy and challenging at the terminals.’ With this notification, the Suez consultation between various sector organisations was disbanded this week. This consultative panel was established to support the terminals in processing the 64 container ships en route to Rotterdam that were delayed when the Suez Canal was blocked after the Ever Given ran aground on 23 March. 54 vessels have now been processed, three vessels were cancelled, two are ...

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DP World Komatipoort handles its first transit import via Maputo

DP World, a leading global enabler of end to end trade solutions, has successfully completed the first transit import via DP World Maputo port to DP World Komatipoort, South Africa. Christian Roeder, Chief Executive Officer at DP World Maputo said: “The Komatipoort facility as a bonded container depot is a ‘game changer’ for the Maputo corridor. The success of the trial brings DP World a step closer to enabling a more cost effective, seamless and efficient user experience for our local customers and enhances trade linkages for countries in the ...

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U.S. petroleum stockpiles normalise after pandemic surge

U.S. petroleum inventories have returned to normal after ballooning during the Saudi-Russian volume war and first wave of the coronavirus epidemic last year. Total stocks of crude oil and refined products outside the Strategic Petroleum Reserve last week were just 17 million barrels, or 1.4%, above the pre-epidemic five-year average for 2015-2019. Small remaining surpluses to the five-year average in both crude (7 million barrels) and products (11 million barrels) were not significant given the historic volatility in both time series. Surpluses in crude (75 million barrels) and products (101 ...

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UK GAS-Prices fall after a week’s gains, higher temperatures

British wholesale gas prices fell on Friday morning after rising all of this week, with temperatures forecast to go up from tomorrow. The within-day contract TRGBNBPWKD was down 2.40 pence at 67.10 pence per therm by 0910 GMT. The weekend contract TRGBNBPWE was 1.50 pence lower at 61.50 p/therm. Prices have been rising this week, so there is some correction today, a gas trader said. Temperatures are forecast to increase tomorrow to an avergae of around 11 degrees over the weekend, before going back towards normal levels next week, Refinitiv ...

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Australia commits $45 million to boost gas supply

The Australian government said on Friday it will commit A$58.6 million ($45.3 million) to boost gas supply, storage and pipeline capacity in its 2021-22 budget, due to be unveiled on May 11. The spending fits with the government’s push for a gas-fired economic recovery from the COVID-19 pandemic slump, aiming to boost gas supply, drive down prices for manufacturers and avert a looming shortfall in the country’s southern states. “The government will not sit back and allow the shortfall to eventuate – the risk to the economy is too great,” ...

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New bunker tanker for Tauranga, New Zealand

Mount Bunkering (a wholly owned subsidiary of the ASP Ships Group) is pleased to announce the arrival of the bunker tanker MT KORIMAKO in Tauranga. The KORIMAKO will support the bunkering operations of Mobil Oil New Zealand Limited (Mobil) in Tauranga and other ports if required. She is a modern double hull bunkering tanker able to lift 1,400 tonnes of cargo in two grades. Mobil have commented that this vessel will deliver noticeable improvements to the Port of Tauranga’s productivity by reducing waiting times for refuelling. The ASP Ships Group ...

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ARA gasoline stocks rise 3% -Insights Global

Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 3% in the week to Thursday, data from Dutch consultancy Insights Global showed, although much lower than the levels seen in the same period last year. * Gasoline exports were strong, including to uncommon destinations like East Asia, said Insights Global’s Lars van Wageningen, but there were also many incoming cargoes, creating congestion in ports. * Gasoil stocks dropped 1% as demand up the Rhine River improved week-on-week, said van Wageningen. * Naphtha stocks ...

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HOT PORT NEWS from GAC

Reconstruction works for pier at Waglan Island Friday, May 7, 2021, Hong Kong For approximately eight months, reconstruction works for a pier at Waglan Island will be carried out within the area bounded by straight lines joining the following co-ordinates (WGS 84 Datum) from (A) to (D) and the adjacent shoreline: (A) 22° 10.934’ N 114° 18.126’ E (B) 22° 10.994’ N 114° 18.078’ E (C) 22° 11.066’ N 114° 18.179’ E (D) 22° 11.012’ N 114° 18.223’ E The works will be carried out by one dumb lighter and ...

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Indian refiners curtail palm oil imports as lockdowns dent demand

Indian edible oil refiners are curtailing palm oil imports for May and June as most states have imposed curbs on hotels and restaurants to arrest rising coronavirus infections, denting institutional demand, industry officials said. Lower imports by India, the world’s biggest buyer of the edible oil, could limit a rally in benchmark Malaysian palm oil futures, which hit their highest level since 2008 on Thursday. “Palm oil demand from hotels, restaurants and other institutional buyers has been falling rapidly due to lockdowns,” said Govindbhai Patel, chief of trading firm G.G. ...

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Pioneer’s CEO says consolidation needed to quell U.S. shale production

The shale industry needs more consolidation to curb volume increases from smaller producers, Scott Sheffield, chief executive officer of top U.S. shale producer Pioneer Natural Resources, said. Privately held firms have been adding rigs and increasing oil and gas production in the Permian Basin of west Texas and New Mexico this year, potentially undermining the efforts of publicly traded companies to focus on shareholder returns over volume growth when the market is well supplied. “I hope other privates are taken out that are growing too much,” Sheffield told investors on ...

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