Project marks milestone on road to larger composites hulls An EU-funded project that aims to foster the application of new materials in maritime and inland waterway applications has marked a significant milestone with the unveiling of a full-scale composite ship's hull
First MTU gas engines make their debut in Doeksen ferry Harlingen, Netherlands, headquartered ferry operator Rederij Doeksen this month officially commissioned the Willem Barentz, the first of two new 70-meter ferries designed for eco friendly operation in the Waddenzee UNESCO heritage area
New York State announces 2,500 MW offshore wind solicitation New York Gov. Andrew M. Cuomo this week announced the largest combined clean energy solicitations ever issued in the U.S., seeking up to 4,000 megawatts of renewable capacity. The state's second offshore
FTA awards $47.5 million in Passenger Ferry Grants The U.S. Department of Transportation's Federal Transit Administration (FTA) today announced approximately $47.5 million in grant awards to selected projects across the U.S. to improve ferry access, safety, and reliability. A total
Bajamar Express gets EU NAVFOR escort through high risk area Currently making its delivery journey from Australia to the Canary Islands, the Austal-built 117 meter trimaran ferry Bajamar Express had protection from EU NAVFOR Somalia Operation Atalanta for its passage through the
ICS: Failures to follow protocols threaten crew change progress The International Chamber of Shipping (ICS) is warning that some seafarers and manning agencies are failing to adhere to crew change protocols and are putting a risk whatever gains the industry has
Platsidakis to step down from Angelicoussis group Platsidakis says the decision to step down was made amicably
Corporate restructurings reveal a view of the new normal Leaders of both Wärtsilä and MAN Energy Solutions have made tough choices. The headlines will be negative in the short...
Cocaine found in container at UK port The 'sophisticated concealment' was rarely seen in the UK, according to the Border Force
Jet fuel stored on tankers amid moribund European demand Some 1.4m tonnes of middle distillates tracked on tankers off the UK's east coast
Distillates switch pushed to combat black carbon emissions A debate on the impact of very low sulphur fuel oils on black carbon emissions has resurfaced again, but the...
LNG freight futures interest steadily grows Volumes in April hit a record, tied to a rally in Asia and expectations of a higher spot market in...
Cargo owners' muscle needed to get seafarers home A coalition of shipowners and shippers is more likely to gain the ear of overstretched decision makers and reach agreement...
MAN Energy Solutions restructuring to cost 4,000 jobs Chief executive Uwe Lauber has moved to increase the company's competitive position as it transitions from an engine manufacturer into...
The week in charts: Port congestion supports floating storage; no sign of 'peak' container season Record imports of crude by China over the course of the past two months have led to port congestion and...
Asia-Europe capacity at six-year low Fewer but larger ships are plying the main lane Europe trade, but total capacity keeps falling
Seaspan adds two boxships for $146m The US-listed owner hopes the deal will increase long-term contracted revenue by more than $150m
Korean Register sets course for digital transition KR is working with its customers on granting survey extensions during the pandemic, keeping in close contact with International Maritime...
Singapore prioritises certain crew change applications Major crew change centres, such as Singapore and Hong Kong, have had recent cases where crew members scheduled to sign-on...
Daily Briefing Free to read: Coronavirus: Hong Kong under pressure to suspend crew changes | China's congested ports boost floating storage as...
Chinese ore demand ties up 3.9% of capesize fleet Braemar ACM analyst Nick Ristic pointed out that despite congestion increasing during the month, there has been a jump in...
Keppel warns of 'adverse' impact in first half of 2020 The group noted that with the highly volatile environment and low oil prices, oil majors are curtailing exploration and production...
Hong Kong 'has role to play' in helping stranded crew 'The industry fully supports the government to take all necessary measures to protect the local community,' the two key shipping associations...
MPC says Wilhelmsen tie-up 'not about the money' 'MPC decided the KG market and the investor market for ships in Germany is not the future. The way MPC...
Seanergy chief slams scrubbers and giant ore carriers Tsantanis believes the capesize market can once again reach the historical average of $24,000 to $25,000 per day
COVID-19, storm season sideline Golden Ray dismantling Wrecked car carrier, with some 4,200 vehicles on board, has been on its side in St. Simons Sound since September.
Dry bulk shipping rates slashed in half Dry bulk was riding high just a few weeks ago. Now it's taking a tumble.
FreightWaves Flashback 1964: 6-ton steel cutter heads shipped by air The shaft was loaded first onto the plane, followed by 7,000 pounds of additional freight and finally the Cutter. Cables were used to secure the...
Brussels Airport bucks trend with June rise in cargo volume Express carriers UPS and DHL helped push Brussels Airport into the black for June's cargo volume. Most airports during the pandemic haven't been able to...
How the FMC monitors 'blank sailings' and their competitive impacts Chairman Michael Khouri explains how the U.S. Federal Maritime Commission keeps track of COVID-19-induced ocean container carrier sailing schedule changes for anticompetitive behavior.
July ULSD imports fall on year into UK, France, Germany: Kpler Imports of ultra-low sulfur diesel into the UK, France and Germany in July will be lower on the year at 690,000 mt, 1.18 million mt and 260,000 mt respectively, Intelligence data firm Kpler estimated Friday, which represents falls of 28.7%, 8.4% and 50.4%.
Pakistan's Ocean Bunkers starts VLSFO, LSMGO supply in domestic ports Pakistan's Ocean Bunkers has commenced supply of 0.5% sulfur VLSFO and LSMGO in the Port of Karachi and Port Qasim as demand for cleaner fuels garners more interest, the company told S&P Global Platts July 23.
ARA fuel oil stocks up 11.7% on week at 1.456 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub rose 11.7% to 1.456 million mt in the seven days to July 22, according to data from Insights Global, with the summer lull sapping demand, sources said.
Rosneft discovers new oil, gas field at Vostok Oil project Russia's largest crude producer Rosneft said July 23 it has discovered a new field containing an estimated 20 million mt, or around 146 million barrels, of oil and 1 Bcm of gas as part of its Vostok Oil project in northern Russia.
Singapore's jet, gasoil stocks jump above 14 mil barrels on lower exports Singapore's commercial stockpiles of jet fuel and gasoil ballooned to a six-week high of 14.1 million barrels in the week ended July 22, Enterprise Singapore data released on July 23 showed, with the jump in inventories coming on the back of a pull back in export volumes.
Singapore light distillate stocks inch higher asgasoline, blendstock imports rise Singapore's commercial onshore light distillate stocks inched 1.08% higher on the week to 16.245 million barrels in the week ended July 22, amid a flurry of gasoline and blendstock inflows, latest Enterprise Singapore data released late July 23 showed.
Singapore front month gasoil crack spread touches 2-month high on tight supply The Singapore front month August 10 ppm sulfur gasoil swaps against Dubai swaps -a measure of a product's relative strength to the crude- strengthened to a two-month high at the Asian close July 23 due to regional supply tightness, Asian gasoil sources said.
PERU DATA: Crude shipments drop in May on lockdown Peru's crude oil shipments dropped in May compared with the year-ago period, while natural gas deliveries increased, the country's central bank said in a statement July 24.
Tropical Storm Hanna strengthens, to move west towards Texas-Mexico border: NHC Tropical Storm Hanna is on track to turn west and move towards the Texas-Mexico border, making landfall along the Texas Coast on the evening of July 25, the National Hurricane Center said July 24.
US refiners eye a better Q3, but keeping a close eye on COVID-19 resurgence Even though third quarter refined product demand has rebounded as lockdown restrictions across much of the US have loosened, refiners are aware that any coronavirus-related resurgence could interrupt this recovery and further reduce gasoline and diesel demand.
OIL FUTURES: Oil edges higher as EU, US report stronger economic data Oil futures settled higher July 24 as the market weighed stronger US and European economic data against rising US-China tensions and pandemic-weakened demand outlooks.
External: Global Risk Management
Singapore's residue stocks fall 10% on week to 3-month low amid uptick in bunker demand The stocks were the lowest since April 29, when they stood at 22.204 million barrels, the data showed.
Pakistan's oil demand feels COVID-19 pain, set to bounce back "We expect petroleum demand to increase due to gradual normalization of economic activity following the lockdown," Ahsan said.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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