Jet fuel

Operators of US military-contracted tanker sue over deadly UK collision

The operators of a tanker contracted by the U.S. military that was struck by a Portuguese-flagged container ship off England’s coast filed suit Monday in a London court, according to Reuters.

Crowley-Stena Marine Solutions and Stena Bulk Marine Services (USA) are suing MS Solong Schiffahrtsgesellschaft M&Co. KG, a subsidiary of the owner of the container ship Solong, shipping company Ernst Russ.

One member of the crew of the Solong is missing and presumed dead after the March 10 accident, the...

https://www.freightwaves.com/news/operators-of-us-military-contracted-tanker-sue-over-deadly-uk-collision

FMCSA looks to ease regulations for jet fuel haulers

WASHINGTON — Truck drivers and aviation companies could both see cost savings benefits from a new CDL exemption proposed by the Federal Motor Carrier Safety Administration.

The proposed exemption, posted on Tuesday, would amend FMCSA safety regulations to allow states to waive the hazardous materials (HM) endorsement requirement for Class A CDL holders who haul no more than 1,000 gallons of aviation-grade jet fuel for agricultural aircraft operations.

FMCSA’s proposal was initiated by an...

https://www.freightwaves.com/news/fmcsa-looks-to-ease-regulations-for-jet-fuel-haulers

Airport congestion masks softening in trans-Atlantic air cargo

A large cargo pallet on the tarmac waiting to be loaded in the open door of a large jet.

The cargo holds of aircraft flying between Europe and North America are less full than a month ago as the number of passenger flights swells and shipping demand softens, but supply chain friction and high jet fuel prices are artificially propping up freight rates in a declining market, according to logistics experts.

Cargo owners could enjoy considerable pricing relief in the months ahead if airport constraints get better, Niall van de Wouw, co-founder and managing director of analytics firm...

https://www.freightwaves.com/news/airport-congestion-masks-softening-in-trans-atlantic-air-cargo

Russia sanctions cut both ways for air cargo

A Lufthansa Cargo jet with containers waiting on the tarmac for loading.

The fallout from tit-for-tat aviation sanctions over Russia’s invasion of Ukraine is starting to have an impact on the air cargo and airline sectors, with Russian airspace now off-limits to most Western carriers.

Finnair said Thursday it is considering additional furloughs of up to 90 days after having to reduce flight activity because its aircraft can no longer land in, or overfly, Russia. From 90 to 200 pilots and 150 to 450 cabin crew employees could be impacted, starting in April. Final...

https://www.freightwaves.com/news/russia-sanctions-cut-both-ways-for-air-cargo

Ukraine crisis creates logistics headaches for air cargo, airlines

A white Finnair jet flying high above mountains, approaching camera.

Airspace restrictions from the economic war between the West and Russia over the invasion of Ukraine is adding logistical complexity and cost for the air cargo sector and passenger airlines still coping with COVID-related ups and downs in business activity. The conflict is also driving up the price of fuel, which represents a quarter or more of airlines’ cost base.

The European Union, Canada, the United Kingdom, and Baltic and Nordic states in recent days have barred all Russian-owned,...

https://www.freightwaves.com/news/ukraine-crisis-creates-logistics-headaches-for-air-cargo-airlines

COP26 climate event highlights airlines’ move toward cleaner jet fuel

A Qatar Airways cargo plane being refueled by a tanker truck.

The move toward sustainable aviation fuels gained momentum this week as cargo and passenger airline interests, in conjunction with the U.N. climate change conference in Glasgow, Scotland, took more steps to meet the new goal of net-zero carbon emissions by 2050.

The aviation sector accounts for 2.5% of global CO2 emissions, which are expected to rise rapidly with the Department of Energy projecting jet fuel use will double in 30 years. Airlines increasingly realize that their long-term survival...

https://www.freightwaves.com/news/cop26-climate-event-highlights-airlines-move-toward-cleaner-jet-fuel

Ισχυρή η αύξηση της ζήτησης πετρελαϊκών παραγώγων έως το 2026

Την ετήσια έκθεσή του World Oil Outlook, η οποία επικεντρώνεται στην αγορά πετρελαίου, δημοσίευσε ο OPEC. Μεταξύ άλλων, ο OPEC υπογραμμίζει τον αντίκτυπο της πανδημίας στη ζήτηση πετρελαϊκών παραγώγων. Ενδεικτικά, ενώ τα περισσότερα πετρελαϊκά παράγωγα κατέγραψαν μικρή μείωση στη ζήτησή τους, της τάξεως των 0,2-0,4 εκατ. βαρελιών/ημέρα, jet fuel, βενζίνη και ντίζελ σημείωσαν αρκετά μεγαλύτερη μείωση στη ζήτησή τους, της τάξεως των 2-3 εκατ. βαρελιών/ημέρα το 2020.

Σε ένα γενικότερο πλαίσιο, η...

https://www.naftikachronika.gr/2021/10/10/ischyri-i-afxisi-tis-zitisis-petrelaikon-paragogon-eos-to-2026/

Asia Crude Oil: Key Market Indicators May 31-June 4

The Asian middle distillates complex is expected to continue to see the divergence in the week started May 30, reports Platts.

In the gasoil sector, industry sources said the demand recovery in Europe is likely to offset sluggish demand in Asia, while limitations to air travel because of pandemic-related restrictions would continue to weigh on the jet fuel/kerosene market.

Jet fuel/kerosene

The front-month June-July jet fuel/kerosene time spread remained steady day on the day at minus 25 cents/b...

https://mfame.guru/asia-crude-oil-key-market-indicators-may-31-june-4/

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