Vard Marine wins design contract for new Chilean Navy ship Chile's ASMAR Shipbuilding & Ship Repair Company has awarded Vancouver, B.C., based Vard Marine a contract from new contract for the design of an Amphibious and Military Sea Transport Ship for the
Belgian terminal operator invests in Sennebogen materials handling solution Belgian stevedoring company DD Shipping NV, a member of the Square Group, operates two terminals along the Brussels-Scheldt Maritime Canal-one of the most important inland shipping routes in Belgium. For more flexibility,
VIDEO: Miami Dade takes delivery of two next gen Metal Shark fireboats Jeanerette, La., headquartered shipbuilder Metal Shark has delivered two of three new welded-aluminum 50 Defiant monohull pilothouse fireboats to Miami-Dade Fire Rescue (MDFR). Designed by Metal Shark's in-house engineering team and built
C-Innovation signs one-year RLWI contract extension with BP Edison Chouest Offshore affiliate C-Innovation, LLC (C-I) has won a one-year extension of its contract with BP for Riserless Light Well Intervention (RLWI) in the Gulf of Mexico (GOM). CI's giant OCV,
Huntington Ingalls awarded $175 million aircraft carrier support contract Huntington Ingalls Industries' (NYSE:HII) Technical Solutions division was awarded a contract last week to provide maintenance, training and planning support for U.S. Navy aircraft carriers. The indefinite-delivery/indefinite-quantity contract includes a five-year ordering
Solstad Offshore CSV wins offshore wind farm contract Solstad Offshore ASA, Skudeneshavn, Norway, reports that it as signed a contract with MHI Vestas for hire of the construction support vessel Normand Fortress to support its walk-to-work (W2W) operations at the
Kongsberg Digital launches accredited remote DP training To support training centers worldwide during the COVID-19 pandemic lockdowns, Kongsberg Digital (KDI) has developed a remote simulation solution for Dynamic Positioning (DP) Induction Courses that has now been approved by the
Survey seeks U.S. mariner input on mental health during pandemic The U.S. Committee on the Marine Transportation System (CMTS) COVID-19 Working Group (C-19 WG) is encouraging mariners from all segments of the U.S. maritime industry to take ten minutes to anonymously complete
Pleas reach Biden to vaccinate dockworkers as a 'priority' group Port of Los Angeles executive director Gene Seroka told Lloyd's List that logistics companies, port directors and union officials "have...
Creditors give PIL greenlight for debt revamp The Teos or Changs as founding family of PIL, have agreed to a massive dilution of their combined equity interests...
EU launches anti-piracy initiative without new resources The EU's 'Co-ordinated Maritime Concept' to tackle piracy in the Gulf of Guinea does not promise any more warships
Capital Product Partners averse to overly speculative boxship deals The three boxships come with five-year charters to Hapag-Lloyd at a rate of $12,300 daily, with charterer options to extend...
Coup casts doubt over crew repatriation hopes There are 7,000 Burmese seafarers with overdue contracts, according to an industry group. It is unclear when and how they...
Hoegh LNG agrees 10-year FSRU charter in India The company's first floating storage and regasification unit has been chartered by Indian company H-Energy
Rise in transpacific contract rates could be long-lasting Contract rates usually follow the trend of spot rates, with a time lag built in. But recent contract rates for...
'Deafening silence' from builders on decarbonisation, says Fafalios 'While many shipping companies are committing themselves to zero-net carbon by 2050, nobody yet has come up with a viable...
Norway backs maritime fuel cell development project Hydrogen-based fuel cells could play a significant role in powering shipping in the future, especially on middle and long-distance routes...
Lockdowns force shipping surveys online The pandemic has forced class societies to do more inspections remotely. This could be a welcome push to drive a...
Data whizzes are winners in shipping's digitalisation next phase While the low-hanging fruits have already been taken, the next phase will see the integration and application of more disruptive...
Remote working: Shipping feels the absence of direct contact The positives of lockdowns include more phone and video communications with customers as business travel slumps, but shipping companies in...
Flexible working to become the norm as shipping companies accept office life has changed forever The benefits of remote working are likely to be offset by the loss of team spirit, fewer networking opportunities, and...
Digital shipping moves to the next level Digitalisation of processes was under discussion before Covid-19 struck, although there was a lack of urgency. Now, however, shipowners no...
Education will ignite digitalisation, not compulsion Many shipping companies have shied away from exploring the advantages of digital tech; the solution lies in recognising the value...
Container shipping's digital initiative bears fruit When the Digital Container Shipping Association was founded nearly two years ago, it promised tangible results. The rollout of a...
Shipping takes its first collective cyber security steps The IMO 2021 resolution has laid the groundwork for shipping companies protecting their operations against cyber threats. With awareness now...
Optimism grows for recovery in dry bulk segment Cleaves Securities analyst Joakim Hannisdahl says China's stimulus efforts will continue into 2021, leading to a net restocking cycle once...
Daily Briefing Free to read: Maersk Tankers warns of 'more frequent and advanced' sanctions evasion | China's shipyard orderbook at 12-year low...
Tiger Gas to ship first containerised LNG cargo Malaysia's gateway port for liquefied natural gas shipments, Bintulu, touts this cargo to Tiger Gas as the first large-scale LNG...
TENDER DATA: India's IOC tender seeking 25,000 mt LSFO goes unawarded A company source said that no bids were received for the tender, likely due to the prompt delivery date and the specifications requested.
TENDER DATA: Sri Lanka's Ceypetco cancels tender seeking 30,000 mt 180 CST fuel oil for mid-Feb Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation.
TENDER DATA: Sri Lanka's Ceypetco cancels Feb-May tender seeking 180 CST fuel oil A company source, while declining to comment on the reason for the cancellation, said that Ceypetco would instead be seeking three additional fuel oil cargoes in March.
Platts FOB Singapore fuel oil trading volume in Jan jumps on month to 1.29 mil mt Trades in physical FOB Singapore fuel oil cargoes during the Platts Market on Close assessment process saw a more than fivefold increase to 1.29 million mt in January from December 2020, S&P Global Platts data showed Feb. 1.
TENDER DATA: Taiwan's Formosa sells 10,000 mt pyrolysis fuel oil for Feb loading he fuel oil is produced at its ethylene plants and typically blended into low sulfur fuel oil for power plants, market sources said.
TENDER DATA: Taiwan's Formosa sells 40,000 mt 180 CST HSFO for Feb 4-6 The company last sold 40,000 mt of 130-180 CST fuel oil with maximum 0.9% sulfur via a tender for loading over Jan. 14-16 from Mailiao at a discount of around $50/mt to MOPS Marine Fuel 0.5%S assessments, market sources said.
Bunker supplier Orim to offer MGO to sales list at ARA region Bunker supplier and hitherto low sulfur and very low sulfur fuel oil specialist Orim Energy has added marine gasoil to its list of bunker fuels on offer in the Amsterdam-Rotterdam-Antwerp bunker hub, the company said in a statement Feb. 1.
European LSGO futures net speculative length rises to new one-year high Speculative net long positions in ICE low sulfur gasoil futures rose 784 contracts to 78,690 in the week to Jan. 26, a fresh one-year high, according to ICE data.
EMEA middle distillates: Key market indicators this week European distillates markets were relatively stable despite weak demand, with the contango in the market even narrowing over the week to Feb. 1.
NextDecade terminates plans for proposed second LNG export facility in Texas NextDecade abandoned plans Jan. 29 for a second LNG export terminal in Texas, saying the site it was considering was not suitable for development.
AMERICAS BUNKERS: Key market indicators Feb. 1-5 Spot marine fuel markets throughout the Americas have seen pricing fluctuate with global energy futures while demand fundamentals remain mixed.
Primorsk Feb ULSD exports total 1.58 million mt in 48 cargoes Exports of ultra low sulfur diesel from Primorsk in the Baltic will total about 1.58 million mt in February, up 1.5% from January but 10% lower year on year, according to a copy of the loading program seen by S&P Global Platts on Feb. 1.
OIL FUTURES: Crude tests top of recent rage amid tightened supply outlooks Crude oil futures settled near 11-month highs Feb. 1 as tightened supply outlooks overshadowed pandemic-related demand concerns.
LNG carrier rates tumble from record highs but bullish prospects remain: analysts **Europe has become main focus for shippers **Deferred carrier demand supporting rates **Cargoes sold out until March LNG shipping rates have retreated
Endesa presents 340 MW of Spanish hydrogen projects **Plan entails Eur2 billion and 2 GW of renewables **Four closing coal plant sites targeted **As Pontes project targets 10,000 mt/yr H2
Jan fuel oil barge volumes traded in London MOC down 13% on month January volumes of fuel oil traded in the S&P Global Platts Market on Close assessment process in London declined 13% on the month, with 0.5% sulfur barge volumes nearly 65% lower while 3.5%S barges were up 11%.
NWE 1% sulfur fuel oil crack spread approaches year high The Northwest European 1% sulfur fuel oil paper crack spread -- measuring the relative value of the product to the crude from which it is made -- has reached the highest level in almost a year, as Asian utility demand continues to support low sulfur fuel oil refining margins amid more limited availability.
Europe and Africa residual fuel -- key market indicators this week Local demand for bunkering in the Northwest Europe market was sluggish but had picked up since the start of the year while price support for 0.5%S marine fuel was heard mainly due to pulls from Singapore.
S Korea's Busan Port advances plans for first domestic zero-emissions ferry **IMO GHG emission cut targets in focus **S Korea to replace conventionally powered ships with cleaner fuels by 2030 **Other Asian ports also embracing electrification to curb ferry emissions
Asia residual fuel market - Key market indicators this week The Singapore Marine fuel 0.5%S bunker demand is expected to dip over Feb. 1-5, ahead of the Lunar New Year holidays, after the uptick in the second half of January, traders said, even as the North Asian power sector demand for Singapore Marine Fuel 0.5%S cargoes peter.
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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