DOT announces availability of port infrastructure grants The U.S. Department of Transportation (DOT) today announced a Notice of Funding Opportunity (NOFO) to apply for $225 million in discretionary grant funding through the Port Infrastructure Development Program (PIDP). "America's ports
Navy takes delivery of LHA 7 The Navy accepted delivery of the future USS Tripoli (LHA 7), its newest America-class amphibious assault ship, from Huntington Ingalls Industries (HII) Ingalls Shipbuilding Division on Feb. 28. "On behalf of the
Cybersecurity: PrimeServ introduces MAN EngineVault MAN PrimeServ, MAN Energy Solutions' after-sales division, has added MAN EngineVault to its retrofit portfolio. The new digital offering prepares shipowners for developments in the increasingly important area of marine cybersecurity. where
SeaTech project wins EU funding A consortium that includes Wärtsilä and six other industry and academic partners, has been awarded EU funding for a major project aimed at reducing fuel consumption and lowering emission levels for shipping.
Alfa Laval PureBallast 3 certified for installation on Chinese-flagged vessels Alfa Laval PureBallast 3 has become one of the first non-Chinese ballast water treatment solutions to be type approved by the China Classification Society. With the Chinese type approval in hand, PureBallast
Allseas to convert drillship to nodule mining vessel Swiss-based offshore contractor Allseas Group S.A. has acquired the former Petrobras ultra-deepwater drillship Vitoria 10000 for conversion to a polymetallic nodule collection vessel. She is 228 m long, 42 m wide, and
DNV GL launches venture fund inspired by "decade of transformations" Responding to the challenges of energy transition and digitalization, DNV GL has launched a venture fund called DNV GL Ventures. It aims to build a portfolio of between 15-20 startups in the
Great Lakes Dredge wins contracts worth $71.6 million Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the U.S., today reported the receipt of several major dredging awards totaling $71.6 million. The awarded work includes:
The bet that failed: Kurt Zech unravels Zeaborn 'He knows he gambled and lost. Very different from owners who feel hurt in their pride and drag a dead...
Hydrogen could be option for transpacific boxships A new ICCT study claims 99% of containership voyages between the US and China could be powered by hydrogen with...
Vitol newbuilding VLCC used for diesel floating storage Newly launched tanker is the first VLCC seen trading clean in nearly 10 months
Rosneft sanctions leave oil trader's Venezuela VLCC fleet stranded Shipping company owned by former Glencore executive swiftly moves to close down operations related to Venezuela
EU funds Wärtsilä-led project to cut emissions The company said a new engine and propulsion solution could slash CO2 emissions by 46% and fuel consumption by 30%
Scrubber retrofits will help boxship sector About 25% of boxship fleet capacity could be scrubber-fitted by year's end
Coronavirus: UK steps up monitoring at ports Arrangements will involve assessing recent travel history and contacts, onward travel plans, and possible medical assessments
Are VLSFOs really that bad for the climate? The deputy secretary-general of BIMCO argues that a recent study suggesting very low sulphur fuel oil blends are not friendly...
Coronavirus fear persists despite slowed blank sailings by carriers Intra-Asia focused smaller carriers will be fighting a battle for survival as the virus-led volume plunge is draining their cash...
Capesize bulker scrubber premium tumbles Scrubber-fitted carriers are nonetheless still 'making money' - Platts said
Daily Briefing Free to read: Coronavirus casts shadow across dry bulk market | UK Club hails 'strong' renewal despite tonnage outflux |...
New member joins Lloyd's List Editorial Board The panel of industry leaders and experts was set up in 2018 to ensure Lloyd's List remains the most trusted...
TPM conference cancelled over coronavirus concern Increasing number of coronavirus infections in the US and travel bans puts an end to major conference
Cosco Shipping Holdings taps 'virus bonds' Bonds carry a coupon rate of 1.82% and maturity of 180 days
Ports begin enforcing bunker fuel carriage ban Ships found carrying noncompliant fuel risk detention, monetary penalties.
Coronavirus slashing US port volumes American Association of Port Authorities says year-over-year cargo volumes in the first quarter could be down by at least 20%.
IMO urged to amend fire safety regulations Misdeclared cargo blamed for container ship fires, including last year's blaze on the Yantian Express.
Minimum content exemption set for regulated plant imports "This exception ensures that the declaration requirement fulfills the intent of the Lacey Act while reducing the regulatory burden on importers," the U.S. Department of...
Airlines request slot leniency from airports to deal with coronavirus Airlines are at the mercy of the coronavirus. About the only thing they can do is try to reduce operating costs and preserve cash flow...
US aims to boost trade with India A proposed $1.8 billion sale of U.S.-origin air defense systems is expected to open a pathway to increased exports to the South Asian economy.
AEI to convert 737s for African all-cargo carrier Allied Air is buying some passenger airplanes and converting them to freighters. It's cheaper than buying production freighters.
Career Tracks: Agility names Chris Price logistics CEO CCM reorganizes executive team, STEMCO picks VP of sales and marketing, and Southeastern Freight appoints Orlando service manager.
Singapore MF 0.5%S cash differential drops to 3-month low on weak demand The Singapore Marine Fuel 0.5%S cash differential dropped to 60 cents/mt on Friday, the lowest since November 26, 2019, when it was at 48 cents/mt, amid weak bunker demand and stocks build, S&P Global Platts data showed.
Poor demand, refining margins to weigh on Asia Pacific crude in March The Asia Pacific crude oil market is expected to weaken further in March amid poor demand and weak refining margins as global economies are expected to take a hit from the COVID-19 outbreak, several traders told S&P Global Platts.
Super Tuesday: US primaries shine light on fracking, exports, offshore drilling With the Super Tuesday primaries set in the US for this week, the race for the Democratic presidential nomination is shifting into high gear.
Oil snaps six-session down streak as OPEC+ output cuts come into focus Crude and product futures settled higher Monday amid optimism for OPEC+ to agree to further output cuts to offset coronavirus-stunted demand outlooks.
Argentina to submit bill to Congress to spur oil and gas production Argentina's government will submit a bill to Congress designed to spur investment in boosting oil and natural gas production, a move expected to include incentives for drilling in the Vaca Muerta shale play.
USAC heating oil prices hit five-year high on distillate complex strength US Atlantic Coast heating oil prices reached a five-year high Monday, driven higher by a large stock draw and weaker futures contract.
Mexico's Isthmus crude exports to US hit near-five-year high in February As Mexico continued increasing its exports of medium sour Isthmus crude to the US, February saw the highest volume sold in a month setting a new high five-year record, Pemex, US Customs Bureau and Platts Analytic data showed Monday.
TPM 2020 global container freight conference canceled due to COVID-19 threat The ongoing global crisis over the coronavirus outbreak caused the organizers of the annual TPM container freight conference in Long Beach, California, to cancel the event Saturday, one day before it was due to take place.
Americas bunker markets begin March under pressure as weak energy weighs Spot marine fuel prices in key American bunkers markets opened March under renewed pressure from upstream energy sectors, although impact on demand have been mixed so far, sources said late last week.
Capesize Scrubber Premium dives on narrowing fuel spreads The Platts Capesize Scrubber Premium Index, or SPI, hit an all-time low of $4,309/day on February 28 since the start of the assessment on November 1 last year, due to the narrower spread between the 0.5% sulfur marine fuel price and high sulfur fuel oil bunker price.
Non-compliant shipowners could face ship detentions on IMO carriage ban: ICS The International Chamber of Shipping, or ICS, has cautioned shipowners and operators to comply with the International Maritime Organization's carriage ban as errant players could face the prospect of detention.
Asia bunker markets mostly unfazed by IMO carriage ban, concerns linger A trader in Hong Kong said "there were more debunkering requests in January, [but] this month [it's] getting less."
North Asian refiners reassess fuel output, exports amid coronavirus outbreak "Incremental barrels from other refiners will hurt the market. We already have to factor in the rise in Chinese supply," a second source said.
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