VIDEO: Incat delivers second fast cat to Navieras Armas Australian shipbuilder Incat Tasmania reports that its latest high speed ferry, the 111-meter catamaran Volcán de Taidía, has been delivered to Spain's Navieras Armas. She is now on her way to her
Salem Harbor set for transformation to offshore wind port Vineyard Wind has entered into an agreement with Crowley Maritime Corporation and the city of Salem, Mass., to create a public-private partnership aimed at establishing Salem Harbor as the state's second major
World first: Box ship bunkers renewable synthetic natural gas A containership that first made the headlines when its main engines were converted to dual-fuel operation is in the news again. In a world-first for the maritime sector, the ship, the ElbBLUE
VIDEO: GLDD partners up with coastal CO2 capture project Could carbon-removing sand help slow climate change? Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the largest provider of dredging services in the U.S., could play a part in making that happen.
Austal USA reports booming ship repair business at new West Campus Following its September 2020 acquisition of additional waterfront along the Mobile River in Mobile, Ala., Austal USA was quick to established a ship repair facility that, it reports, has had a booming
House panel puts a focus on ferries Ferries were in focus at a hearing titled "Examining the Role of Ferries in Improving Mobility," held September 28 by the House Committee on Transportation and Infrastructure's Subcommittee on Highways and Transit.
Brennan wins $19.6 million USACE contract J.F. Brennan Company Inc., La Crosse, Wis., has been awarded a $19,603,980 firm-fixed-price contract for Chicago Harbor Lock chamber floor and wall repairs. Bids were solicited via the internet with three received.
Shipping remains on high alert for drone attacks Security advisory warns that regional conflict, heightened military activity and increased political tensions continue to pose threats to merchant vessels...
IACS seeks to re-establish a class act The new chairman of the International Association of Classification Societies has a mandate to reinvigorate and unify a class voice...
Private equity takeover of Charles Taylor was factor in Standard's go-it-alone move Broker predictions of a 50% sector-wide hike in P&I rates between now and 2024 is probably overstated, marine mutual head...
Supply chain congestion will hold back volume growth Port congestion has spread to virtually every region in the world. With no additional capacity left to deploy, volume growth...
Seafarers: At the core of shipping's present World Maritime Day initiatives are welcome symbolic tokens of esteem, but might not be enough to make hapless cadets, ratings...
Dual-fuel vessel trial using SNG starts in Germany German engine maker MAN Energy Solutions has bunkered a containership with 20 tonnes of synthetic liquefied natural gas made using...
Canadian pension fund takes over Ports America Deal gives Canada's largest pension fund 100% control of the biggest US terminal operator
NYK aims for net-zero emissions by 2050 The company plans to publish an emissions reduction 'road map' before the announcement of a new medium-term management plan
Can China do without coal imports from Australia? Power shortages show the need for seaborne imports as domestic prices of thermal coal have reached a 10-year high. But...
Daily Briefing Freight bonanza and demand for secondhand tonnage stifle demolition market | Capesize daily rates leap to almost $75,000 | UN...
The Lloyd's List Podcast: Let's address the real issues this World Maritime Day It's a special World Maritime Day edition of the podcast this week and International Maritime Organization secretary-general Kitack Lim joins...
United Airlines restarts cargo-only flights They're baaaack: United Airlines is running auxiliary freighters with passenger planes again after travel demand slumped.
BRAZIL DATA: August refined products output falls 1.8% on year Brazil's refined products output fell 1.8% year on year in August as a decline in diesel production offset higher gasoline and fuel oil output, the National Petroleum Agency, or ANP, said Sept. 30.
US oil, gas rig count jumps 9 to 640 on week; Eagle Ford shows biggest change The US oil and gas rig count rose by nine to 640 in the week ending Sept. 29, Enverus said, with the biggest change in the Eagle Ford Shale of South Texas.
Libya's deputy oil minister to stay, despite tendering resignation, as ministry seeks stability Libyan oil minister Mohamed Oun has rejected the resignation of his deputy, Refaat al-Abbar, as the government seeks to heal the rift between rival factions vying to control the country and its critical energy sector.
OIL FUTURES: Crude slides on EIA data while investors eye OPEC+ meeting 0612 GMT: Crude oil futures fell during midafternoon trade in Asia Sept. 30 as the sentiment remained bearish on an unexpected build in US crude inventories and a stronger dollar while the market looked to the upcoming OPEC+ meeting for more pricing cues.
OIL FUTURES Crude retreats on stronger dollar, US stock build Continued strength in the US dollar continued to weigh on crude oil prices in European midday trading Sept. 30, while bearish US stock data failed to provide support.
UK's oil product demand recovers to 16% below pre-COVID levels in August The UK's demand for oil products rose to within 16% of pre-COVID-19 levels in August as activity levels in Europe's second-biggest economy continued to recover, according to official data submitted to the Joint Organizations Data Initiative (JODI).
UK fuel crisis fails to ease further despite optimism over end to panic buying The number of UK fuel stations out of fuel due to delivery shortages and panic buying remained over a quarter on Sept. 30, despite previous optimism that road fuel demand was returning to normal levels.
OIL FUTURES: Crude lacks direction amid weaker dollar, reports of rising Chinese energy purchases Crude futures settled mixed Sept. 30 on the back of a weaker dollar and reports that China is looking to ramp up energy purchases ahead of winter.
No mandatory MFMs at Rotterdam for time being: port official Proponents of MFMs say the units stave off quantity disputes and promote transparency in bunkering. The Port of Singapore has made them mandatory and a number of companies have called for them to be compulsory at the Amsterdam-Rotterdam-Antwerp bunker hub.
OIL FUTURES: Crude pulls off overnight lows, stays red as US dollar slips Despite the weaker dollar, crude saw continued pressure following an unexpected build in US inventories, analysts said.
JAPAN DATA: August fuel oil sales surge 88% on year as utilities stockpile The August fuel oil sales, however, were down 9.3% from 138,712 b/d in July, according to METI data. The July fuel oil sales were up 47% on the year as the country's summer power demand picked up due to heat wave.
NWE LSFO cracks firm amid improving power generation prospects The forward curve is in contango through the fourth quarter.
SOUTH KOREA DATA: Aug fuel oil exports surge 226% on month to 727,000 barrels South Korea's refiners though expect exports, marginal as they are compared to the country's import volumes mostly of straight-run fuel oil, to drop in September and October.
China must cut coal demand by over 80%, oil by 60% by 2060 to meet climate goals: IEA The Paris-based energy think tank said while its roadmap is China-specific, it has implications for coping with climate changes on a global scale, as China alone accounts for nearly one-third of global greenhouse gas emissions, and the country's energy sector is the source of almost 90% of its greenhouse gas emissions.
South Korea's Oct marine fuel 0.5%S bunker supply to tighten on refinery maintenance South Korea 's largest refiner SK Energy has scheduled 20 days' maintenance at one of the 90,000 b/d RDUs at its 840,000 b/d Ulsan refinery in October, while Hyundai Oilbank has a 15-day turnaround scheduled at one of the 45,000 b/d RDUs at its Daesan refinery, company sources said.
Nine convicted for mass flow meters-related bunker fuel tamper in Singapore The Maritime and Port Authority of Singapore revoked the bunker craft operator and bunker supplier license of Southernpec (Singapore) Pte Ltd with effect from May 8, 2019 and May 29, 2019, respectively, a joint statement by the Attorney-General's Chamber, the MPA, and the Singapore Police Force said Sept. 30.
Oct premiums for Singapore ex-wharf LSMGO capped on ample supply "Steady LSMGO exports from South Korean refiners kept Singapore's inventories oversupplied, so more downstream demand is still required to lift the premiums of ex-wharf LSMGO" a South-Korea based trader said.
Asian VLCC freight rates hit 9-month high, but rising bunker costs erode earnings Depending on engine efficiency, a VLCC using very low sulfur fuel oil can earn $2,500-$12,000/day on the PG-China route. High sulfur fuel oil is currently at a $75/mt discount to VLSFO in Asia, and VLCCs using scrubbers can earn $9,000-$15,000/day, brokers said.
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