By ASLA - Assocazione degli Studi Legali Associati
France’s Total is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business
Record low prices for liquefied natural gas are roiling the global gas market, creating havoc as traders rush to find alternative locations for cargoes with Chinese buyers rejecting shipments amid the coronavirus epidemic
China’s eastern province of Zhejiang, the second worst-hit by the coronavirus epidemic, will push major exporters to be the first to return to work after the extended Lunar New Year holiday
Trading companies Mercuria, Trafigura and United Arab Emirates-based GP Global have applied for licenses to supply marine fuel to ships in Singapore, the world’s top bunkering hub
During 2019, the port handled 5,231,418 loaded TEUs, surpassing the loaded imports handled by the Port of Long Beach, elevating the port to No. 2 in the nation for the first time in two decades
Lithuania's oil and LNG terminals operator Klaipėdos Nafta has been appointed as the operator of a liquefied natural gas
Botta: "At Fruit Logistica in Berlin, Liguria will speak with one voice"
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
By ASLA - Associazione degli Studi Legali Associati
Since Saras launched its very low-sulphur fuel oil (VLSFO) blend in early September its sales have topped 120,000 tonnes, an executive at the Italian refiner said
PetroChina’s Singapore bunkering unit moved up a notch to be the top marine fuel supplier in the world’s biggest ship refuelling hub in 2019, official data showed, as the overall number of suppliers fell for a sixth year in a row
The deal follows a similar deal by France’s Total announced last week and a 0.5 million tonnes per year deal with commodity trader Vitol signed in December
With 25% tariff on LNG still in play, the Phase-1 deal between the US and China is not expected to bring any significant change in the LNG trade between the two countries, writes research firm Drewry
At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050
The executive overseeing the busiest U.S. gateway for ocean trade with China on Thursday said the “weaponization of tariffs” to advance U.S. policy interests may now be the “new normal.”
Ørsted, the largest energy company in Denmark, has started constructing its first offshore wind farm in the Netherlands
U.S. refiners are scooping up cheap high-sulfur fuel oil for processing from Russia and the Baltic states as they take advantage of new shipping rules that have cut demand for the dirtier marine fuel, according to oil traders and shipping data
Global supplies of marine fuel compliant with new environmental rules are increasing fast as concerns over quality remain marginal
Attorneys general from 16 U.S. states have opposed a Trump administration proposal to ship liquefied natural gas by rail
A Russian gas tanker that is used to secure energy supplies in the west Russian enclave of Kaliningrad has arrived back in the region after being leased out to transport U.S.-produced LNG to Europe
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
With his death, the region loses a trusted and seasoned leader, seen as the father of modern Oman, who balanced ties between two neighbours locked in a regional struggle, Saudi Arabia to the west and Iran to the north, as well as the United States
The capesize index fell 89 points, or 7.7%, to 1,066 – its lowest since April 29. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, increased $239 to $9,438
Ships globally have switched to lower sulphur fuels, or use emissions-removing devices, to comply with new rules imposed by the International Maritime Organization this year
Moody's has today upgraded by two notches the long-term ratings of Norddeutsche Landesbank GZ, NordLB, and its rated subsidiaries. NordLB's long-term senior unsecured debt and deposit ratings were upgraded to A3 from Baa2
The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine
China will not increase its annual low-tariff import quotas for corn, wheat and rice to accommodate stepped-up purchases of farm goods from the United States, senior agriculture official Han Jun said on Tuesday
The U.S. central bank last month signaled interest rates could remain unchanged at least through this year, after lowering borrowing costs three times in 2019
The Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region reports to China's State Council or Cabinet, and is the main platform for Beijing to project its influence in the city
The Black Sea Hazelnut and Products Exporters' Union reported that Turkey earned $1.09 billion from hazelnut exports during the first four months of the season, which starts in September and ends in August
The Chinese trade delegation plans to sign the first phase of its trade deal with the U.S. in Washington on Jan. 15, writes Bloomberg News quoting people familiar with the matter
State-run Qatar Petroleum (QP) said on Sunday it had signed a 15-year agreement to supply Kuwait with up to 3 million tonnes of liquefied natural gas (LNG) per year.
Russian pipeline operator Transneft said Russian oil companies have not sent any oil to Belarus since Jan. 1, the TASS news agency reported
U.S. strike kills Iranian General Soleimani in Iraq. Iran's supreme leader vows revenge
Asian refining margins for 10 ppm gasoil climbed to their highest in over a month buoyed by expectations of firmer near-term demand as the shipping industry switches to cleaner marine fuels
Swiss-Dutch company Allseas said it had suspended its pipe-laying activities in the Nord Stream 2 Russia-to-Germany natural gas pipeline
The NordLb has received the hoped-for capital injection. The shareholders paid 2.8 billion euros into the share capital.
Warda said in a statement to the delegate of SANA that (SIAMCO) continues to produce cars within the framework of cooperation between Iran and Syria and in line with the absorptive capacity of the market
Non-oil trade between the UAE and Egypt, the most populous Arab country, last year reached Dh20.1 billion
Brussels - An adviser at the EU Court of Justice agreed with Croatia on Wednesday that settling the border between Slovenia and Croatia was not a matter on which EU courts should rule.
London - China’s bitcoin miners now control two-thirds of the crypto network’s processing power, research showed on Wednesday, a growing share that is likely to benefit the country’s miners.
Seoul - South Korea’s auto exports are tipped to suffer a slump for the seventh consecutive year in 2019 in terms of volume due to lower demand in emerging markets
London - Exchange operator CME Group said on Tuesday it would be the first futures exchange to launch trading of three liquefied natural gas (LNG) freight futures contracts on Dec. 23
London - Fears about a shortage of diesel and other middle distillates stemming from new marine pollution regulations have receded, with distillate premiums falling to some of the lowest levels for two years
London - British police shoot dead knife man. Police say this was a terrorist incident.
Boston - General Electric on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate
Copenaghen - The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050
A merger between Saipem and Subsea 7 “would create a truly global oilfield service giant with over $12.4 billion in revenue,” said Audun Martinsen, head of oilfield service research at Rystad Energy
Riyadh - Saudi regulators on Sunday approved state energy giant Aramco’s request to make its stock market debut, firing the starting gun on the highly anticipated offering which could be the world’s largest. The announcement paves the way for a domestic stock listing of Aramco
Rome - Rightist bloc storms to 20-point win over govt parties. Salvini’s League confirmed as most popular party.
Barcelona - Catalonia’s pro-independence regional chief Quim Torra called for talks with Spain’s central government on Saturday to try to end a wave of violence sparked by the jailing of separatist leaders.
Brussels - Bitterly divided EU leaders failed Friday to reach agreement on allowing Albania and North Macedonia to start talks to join the bloc, dealing a fresh blow to their membership hopes. Summit talks ended without a decision despite seven hours of backroom haggling
Moscow - From diamonds and arms to nuclear power and oil, Russia has major business ambitions in Africa, even if it is coming late to the party. Western countries like France and the United States are deeply entrenched in African economies and in recent years China has emerged
Beirut - The Lebanese government faced calls to resign Thursday after thousands of furious demonstrators took to the streets across the country to protest dire economic conditions. Public anger has simmered since parliament passed an austerity budget in July to help trim a ballooning deficit
Coldiretti reports. The benefit from the situation is for the lobby linked to the US dairy industry (CCFN) which has explicitly asked with a letter to impose taxes on imports of European cheeses to favor the fake Made in Italy industry and force the Union European to open the borders to the fake Italian food made in US
London - U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to European refiners as less crude oil from the North Sea and West Africa heads east, traders and analysts said
London - South Africa is working to restore its institutions and secure private investment in order to grow the economy, President Cyril Ramaphosa told the Financial Times Africa Summit in London on Monday.
Beijing - China’s record for U.S. agri imports was $25.8 bln in 2012. Rules on hormones, drugs a hurdle for more meat imports.
Washington - Engulfed in an impeachment inquiry and other political turmoil, US President Donald Trump on Friday trumpeted the success of his hard-line stance with China, claiming to have scored a major win in the grinding trade war between the economic powers
Cairo - Libyan state oil firm NOC said on Tuesday it had been unable to pay salaries in September at a fuel distribution unit in the east where authorities have set up a parallel board.
Cairo - Cyprus, Greece and Egypt called on Turkey on Tuesday to “end its provocative actions” in the Eastern Mediterranean Sea, including exploring for oil in Cyprus’ territorial waters, which they called “a breach of international law”.
Brasilia - Brazil President Jair Bolsonaro said on Tuesday that mysterious oil slicks polluting northeastern beaches were likely to have criminal origins, without explaining further.
Madrid - Spain is preparing a plan worth 300 million euros ($328 million) to shore up the economies of its sun-drenched tourist spots after the collapse of British travel group Thomas Cook, acting Tourism Minister Reyes Maroto said on Thursday.
Paris - The U.S. decision to impose tariffs on French wines will penalise American consumers who will see a sharp rise in prices while severely hurting French producers on their largest export market, exporters said on Thursday.
Brussels - The European Commission will quickly start work on a tax on foreign polluting firms, the nominee for the EU’s economic and tax commissioner said on Thursday, a move that could hit U.S. companies and deepen a trade war with Washington.
London - BP Chief Executive Officer Bob Dudley is drawing up plans to step down next year, ending a tumultuous decade at the helm of the oil and gas company that swung from near collapse in 2010 to rapid growth
London - The world’s oldest travel firm Thomas Cook collapsed on Monday, stranding more than half a million holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
Oslo - Subsea equipment and SURF– subsea, umbilicals, risers, and flowlines – are the best-performing segments, with growth rates exceeding 10%
London - Bosses meeting creditors, lenders to agree its future. Company could go into administration early Monday.
Seoul - Hyundai Heavy has agreed to pay a 47 million dollars fine to the U.S. authorities for selling engines that violated environmental rules in the country
Houston - The next wave of U.S. LNG export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, said the chief executive of Blackstone Group
Dubai - Qatar Petroleum and Shell agreed to establish a partnership to accelerate the development of liquified natural gas (LNG) fuelling infrastructure around the world
Beijing - China’s logistics business continued to expand in August, but the expansion rate was lower than the previous month
London - Prices rose sharply in previous session. Threat of military response hangs over market.
Hamburg - German wind turbine manufacturer Senvion has announced that it has entered into and exclusivity agreement with Siemens Gamesa
Genoa - From wholesale food market to a centre for advanced logistics services: 10 years after its move from the city centre to the area of Bolzaneto, the fruit and vegetable market of Genoa, managed by SGM (Società Gestione Mercato), opens its doors to the public. The opening will be on Saturday, 14 September Genoa
Moscow - Russian natural gas producer Gazprom’s export arm Gazprom Export said it was studying the legal and commercial consequences of a court ruling which reinstated curbs on gas flows via the Opal pipeline
Beijing - China announced its first batch of tariff exemptions for 16 types of U.S. products, days ahead of a planned meeting between trade negotiators from the two countries to try and de-escalate their bruising tariff row.
Dubai - The kingdom intends to list 1% of the state oil giant on the Riyadh stock exchange before the end of this year and another 1% in 2020, the sources said, as initial steps ahead of a public sale of around 5% of Aramco.
Hong Kong - Violence breaks out in now familiar pattern.Thousands of protesters call on U.S. to help.
Hong Kong - Tear gas fired again in densely populated Mong Kok. Only passengers allowed to board trains, buses to airport.
Cernobbio - With the arrival of a new government in Rome, France and Italy have a unique chance to strengthen their ties through joint projects and closer cooperation on European matters, French Finance Minister Bruno Le Maire said on Saturday.
Athens - Greece’s prime minister is expected on Saturday to detail tax cuts for companies strained by years of austerity, while also promising pro-business reforms aimed at convincing lenders to ease the nation’s fiscal target from 2021.
Cagliari - Italian refiner Saras is introducing bunkering services at the Italian ports of Sarroch and Cagliari. Starting from September 1, bunkering operations would take place at specific dedicated areas of the ports with the refiner offering a complete range of marine fuels
Singapore - Price reporting agency S&P Global Platts plans to launch its first assessments for prices of LNG bunker fuel ahead of new IMO 2020 rules
Beijing - The spread between seaborne iron ore heading to China and iron ore at China’s ports has widened to the highest in at least two years
Washington / Beijing - U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies
Seoul - South Korea signed a free trade agreement with Britain on Thursday, a step to help maintain the continuity of their trade and economic ties even after London’s departure from the European Union
By ASLA - Associazione degli Studi Legali Associati
Bristol - Foreign governments subject to U.S. President Donald Trump’s trade tariffs have targeted American distilleries and their bourbon and rye whiskeys for retaliation.
Hong Kong - Hundreds of thousands of anti-government protesters joined a mass rally in Hong Kong on Sunday, filling major thoroughfares in heavy rain in the eleventh week of what have been often violent demonstrations in the Asian financial hub.
Hong Kong - HK listing likely to raise $10 bln-$15 bln-sources . Company considering several different timetables-sources.
Paris - French Foreign Minister Jean-Yves Le Drian called on Hong Kong authorities on Wednesday to renew talks with protesters to find a peaceful solution to the current crisis.
Washington - The Trump administration will delay 10% tariffs on certain Chinese products, including laptops and cell phones, that had been scheduled to start next month, the Office of the U.S. Trade Representative said on Tuesday.
Lisbon - Fuel tanker drivers start indefinite strike. Tourist destination Algarve among areas worst hit .
Lisbon - The crisis declaration allows the government to ensure full supplies to ports, hospitals, airports and other priority users.
Tokyo - The Japan Meteorological Agency said Mount Asama in central Japan erupted late on Wednesday and issued a warning not to approach the volcano.
Rome - Long-delayed rail link involves Alpine tunnel. League issues threaten to collapse govt.
Washington - U.S. President Donald Trump on Tuesday warned China against waiting out his first term to finalize any trade deal, saying if he wins re-election in the November 2020 U.S. presidential contest, the outcome could be no agreement or a worse one.