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LNG tanker arrives at Mexico’s Energia Costa Azul terminal as first export nears

A ballast LNG tanker arrived at Sempra Infrastructure’s Energia Costa Azul terminal July 6 as the developer prepared to export the first cargo from the project on Mexico’s Pacific Coast, S&P Global Commodities at Sea data showed. The vessel, TotalEnergies’ Pacific...
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Panama Canal to lower Neopanamax maximum draft restrictions as El Nino develops

As part of its water management strategy, the Panama Canal Authority (PCA) will implement draft reductions at the Neopanamax locks in the coming weeks as the El Nino phenomenon continues to develop. Effective 24 July, the maximum authorized draft for vessels...
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Progress continues on WINDSEACON as subcommittee meets in person

Work on BIMCO’s WINDSEACON contract continues to move forward, with the subcommittee recently meeting in person to advance the drafting process and build on earlier milestones. The project aims to create a standard time charter party for the transport and installation...
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Clean tanker market climbs into overbought territory on flow optimism

Clean tanker freight is built on conversion. Dirty freight can reprice fast on ton-miles and risk premium, but clean has to move refinery output into exportable product and then into scheduled cargoes that fit laycans, discharge windows, and commercially acceptable...
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Super Typhoon Bavi Puts China Ports, Commodity Flows and Pacific Vessel Supply at Risk

Super Typhoon Bavi Puts China Ports, Commodity Flows and Pacific Vessel Supply at Risk
Super Typhoon Bavi is moving toward the Taiwan–China shipping corridor, raising the risk of short-term disruption to vessel routing, China port operations, commodity discharge schedules and Pacific vessel supply. According to ECMWF model output shown through Windy,...
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India’s first greenfield integrated refinery complex in a decade starts

India’s first greenfield integrated refinery complex in a decade starts
India’s first greenfield integrated refinery complex in a decade began operations July 4, a development that will advance the country’s energy security and support its emergence as a key refining hub, Prime Minister Narendra Modi and Petroleum Minister Hardeep Singh...
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