Viridis signs up cargo partners for ammonia-fueled shipping project Ammonia-fueled shipping startup Viridis Bulk Carriers AS has signed MOUs with five cargo shippers with the goal of setting up an efficient zero emissions shipping network. Viridis - a joint venture between
VIDEO: Golden Ray responders complete another cut The St. Simons Sound Incident Response reports that wreck removal personnel completed cutting operations and separated Section Three from the remainder of the wreck of the capsized car carrier Golden Ray on
Schottel thrusters for giant crane ship are on their way to Chinese yard The main propulsion package for Jan De Nul's latest heavy-lift crane vessel Les Alizés has left the Schottel production plant in Wismar, Germany, on its way to the CMHI Haimen shipyard in
Bollinger delivers 45th FRC Lockport, La., headuartered Bollinger Shipyards LLC has delivered the USCGC Emlen TunnelL to the U.S. Coast Guard in Key West, Fla. The ship is the 168th vessel Bollinger has delivered to the
Hapag-Lloyd exercises option for 6 more ME-GI engines Daewoo Shipbuilding & Marine Engineering (DSME) has ordered si' MAN B&W 11G95ME-GI Mk10.5 main engines for six ultra-large, 23,500+ TEU containerships on order for Hapag-Lloyd. The new order exercises an option in
Detyens wins $8.7 million MSC contract Detyens Shipyards Inc., North Charleston, S.C., has been awarded an $8,762,834 firm-fixed-price contract for a 50-calendar day shipyard availability. The work to be performed provides for services for the mid-term availability of
Maersk orders world's first box ship fueled by carbon neutral methanol A.P. Moller - Maersk has agreed a contract that will see Hyundai Mipo Dockyards build a 172 meter feeder vessel with a dual-fuel engine technology that will enable it to sail on
Weekly briefing: Box demand soars | Bulk bulls are smiling | Tankers continue to wait Every containership able to sail is in demand right now as demand soars and market participants set about preparing for...
Open time slot management offers port congestion solution Most ports have some form of slot management for arrivals. But these systems would be more powerful tools if the...
Norway creates unified export finance agency Former Swedbank Norge managing director Tone Lunde Bakker will head up Oslo-based body as part of country's plans to boost...
Vaccines and versatility are overcoming the crew-change crisis While the industry continues to call on governments to do more, behind the scenes crew managers are using every opportunity...
Pelagic eyes further shipping deals after adding LPG carriers Fund's fair market value rises to $45m with acquisition of a pair of 3,315 cu m semi-refrigerated liquefied petroleum gas...
Green Deal will bring opportunities and challenges to European ports Ports and their wider industrial ecosystems can make the Green Deal happen. But investment needs to be targeted wisely
DVB shipping experts join Dutch firm to launch new investment manager Two DVB shipping bankers set up joint venture in partnership with established Netherlands financial services company
Marine insurance outlook in three words - more expensive still The current year has seen some major claims, not least Ever Given, but the secular trend towards better safety overall...
LPG sector sailing to a profitable second half of the year Healthy market fundamentals are setting up high expectations for the next six months, even as alignment of available capacity and...
High carbon prices and unusual weather tighten LNG market 'We could potentially see very strong LNG carrier spot rates for the remainder of 2021 and into 2022, exaggerated by...
Bullish sentiment prevails in dry bulk market More than half of the scheduled newbuildings were delivered in the first five months of the year and, with expected...
Container shipping thrives amid the chaos The box shipping sector has bounced back from the initial phases of the pandemic to record profitability; but the supply...
Maersk opts for Hyundai Mipo to build dual-fuel methanol feedership The 2,100 teu vessel is expected to be delivered by mid 2023. Maersk has committed to using carbon-neutral methanol, which...
LNG shipping rates stage off-peak hike 'We see this liquefied natural gas interest in the large regional price differentials in natural gas between exporters and importers, which...
Kuehne+Nagel sells minority stake in Asian forwarder K+N took a majority stake in freight forwarder Apex at the start of the year. It has now brought in...
Bulk carriers targeted by pirates along Singapore Strait In the most recent five incidents no casualty was reported, but engine spares were stolen in two occasions. In all...
Daily Briefing Free to read: Economou cleans up in rare Cuban crude shipments | CommBank quits shipping amid market uncertainties | How...
UK Chamber appoints Sarah Treseder as new chief executive Ms Treseder has been chief executive of the Royal Yachting Association since 2010 and will succeed current chamber chief executive Bob...
CMA CGM upsizes boxships in Thailand The phasing-in of these vessels on the Columbus JAX service comes as Thai exporters ramp up for the upcoming peak...
Heatwave and wildfires threaten power supply to US ports The Pacific Merchant Shipping Association has cited a report which examines the energy grid requirements for vessels and the landside equipment...
Sembmarine yard in Brazil lands $175m FPSO deal The contract came after Petrobras made a call to divert the FPSO to the Itapu field
Vale bets on bubble-producing iron ore carrier to cut emissions The mining giant is testing an air lubrication system in which compressors send air to devices under a vessel, forming...
ISM: US manufacturing continues to hum despite supply chain challenges Manufacturing grew at a moderate pace in June, continuing a 13-month hot streak.
Port NOLA issues second RFP for $1.5B container terminal The Louisiana International Terminal will be capable of handling 2 million twenty-foot equivalent units annually.
DP World acquires logistics provider syncreon in $1.2B deal DP World announced it has acquired Auburn Hills, Michigan-based supply chain solutions provider syncreon at an enterprise value of $1.2 billion.
S&P Global Platts to amend Worldscale baskets for LOOP-linked dirty tanker assessments July 1 Following a Worldscale Association update to the Louisiana Offshore Oil Port (LOOP), S&P Global Platts will amend the Worldscale flat rate baskets used in $/mt calculations in 12 dirty tanker assessments, effective July 1, 2021.
Japan METI eyes carbon credit exchange market in carbon neutrality push The idea was presented during the sixth round of a policy study group looking at means of carbon pricing for pursuing carbon neutrality since its launch in February.
EU carbon prices rise to all-time high on reforms in leaked EU documents The EU carbon allowance prices under the EU Emissions Trading System rose to an all-time high on July 1, after leaked draft documents showed details of EU legislation to revamp the carbon market, which was to be unveiled by the European Commission on July 14.
Norway Equinor brings on stream much-delayed Martin Linge oil, gas field Martin Linge -- which has been touted as a key project in Norway to offset declining gas production from mature fields -- has estimated reserves of 260 million boe, of which two-thirds (or 26 Bcm) is gas and the rest oil and natural gas liquids.
Japanese utility JERA takes measures to address 'heavy-load' summer season Japanese electricity utility and energy trader JERA Co Inc said July 1 it has taken measures to counter what could potentially be one of the tightest energy supply-demand conditions experienced by the country in summer.
US Colonial Pipeline announces winter diesel specifications The pipeline operator will transition to winter grade diesel beginning with the 41st shipping cycle of 2021, which will be on or near Aug. 1.
European mobility tracks sideways as Delta variant spreads Economic land-based mobility in Germany, the UK, Spain, France and Italy remained around 14% below pre-COVID-19 levels compared to the prior week, according to Google data.
China nationwide carbon trading launch postponed, new date undisclosed Shanghai Environment Energy Exchange is currently responsible for opening of accounts and operation and maintenance of the trading system prior to the official launch of a national carbon exchange, according to Ministry of Ecology and Environment's, or MEE's, plans.
IRAQ DATA: Federal oil exports hold steady at 2.89 million b/d in June Federal oil exports in June averaged 2.89 million b/d, the oil ministry said in a statement July 1.
Med Gasoil discount narrowest in two months amid shallow recovery The discount of 0.1%S gasoil in the Mediterranean have hit its narrowest point in over two months, despite moribund demand in the region, with the complex relying on thinning supply for support.
Dated Brent differential hits 18-month high amid increased end-user buying interest S&P Global Platts assessed the Dated Brent differential at $1.385/b June 30, up 65 cents/b since June 28 and the highest the differential has been assessed since Dec. 27, 2019.
INDIA DATA: May refinery run rate down on month at 92% The last month's run was higher compared with 80% run rate in the previous year, as overall economic activities improved since the first wave of COVID-19 last year.
TENDER DATA: Pakistan State Oil buys 92 RON gasoline for July 13-26 delivery
Platts to launch differentials to Dated Brent for West African crude MPPs S&P Global Platts will publish differentials to Forward Dated Brent for its West African crude oil Market Parity Prices (MPPs), effective July 1.
FOB Singapore fuel oil June volumes jump 80% on month on low inflows, utility demand Trade volumes of FOB Singapore fuel oil in June in the S&P Global Platts Market on Close assessment process jumped 80% month on month to 360,000 mt, amid a relatively low inflow of arbitrage cargoes expected for July, as well as a growth in power generation demand from Pakistan, traders said.
Methanol producer Proman orders two more dual-fuel tankers
Platts launches Zhoushan ex-wharf bunker assessment for Marine Fuel 0.5%S
China's jet/kerosene output faces twin woes of travel bans, subdued blending Trade sources added that growing concerns about the Delta variant of the coronavirus would mean that mobility internationally would remain at a low ebb for the second half of the year, threatening to again hurt production that had recovered to pre-pandemic levels in May.
Platts Singapore MOC June gasoil traded volume falls to lowest in 2021
Dubai RTA expects most small vessels on creek to use biofuel after ENOC rebate
Maersk signs deal on construction of first carbon-neutral vessel A.P. Moller-Maersk -- the largest shipping company in the world -- has signed an agreement with South Korea Hyundai Mipo Dockyards to a build a feeder vessel capable of sailing either on methanol or very low sulfur fuel oil (VLSFO), it said July 1.
FEATURE: Singapore's bunkering operations pose some hurdles but MFMs a bright streak Maritime industry players in Singapore are keeping a close watch on bunker fuel quantity disputes, as a slew of pandemic-related restrictions including contactless bunkering potentially reduces the scope for checks on bunker tankers and tough markets may tempt some unscrupulous players to benefit from the situation.
TENDER DATA: Vitol submits lowest offer for Pakistan State Oil's H2 July HSFO
Singapore MOC fuel oil swaps trades slip 5% on month in June S&P Global Platts has changed the operational tolerance pricing of 12,500-mt cargoes in its CIF NWE naphtha cargo Market on Close assessment process to a floating price basis from fixed, effective July 1, 2021.
Singapore MPA extends maritime assistance amid COVID-19 challenges The Maritime and Port Authority of Singapore said it was topping up the MaritimeSG Together Package, bringing the cumulative amount of support to over S$36 million ($26.74 million), to help maritime companies, individuals, and seafarers grappling with tough market conditions due to the coronavirus pandemic.
OPEC moots potential in-person September 30 meeting in Baghdad The meeting, which Iraqi oil minister Ihsan Ismaael proposed in a letter to OPEC Secretary General Mohammed Barkindo, has not been finalized, the sources said, and is not indicated on the organization website.
Platts changes CIF NWE naphtha 12,500 mt operational tolerance pricing S&P Global Platts has changed the operational tolerance pricing of 12,500-mt cargoes in its CIF NWE naphtha cargo Market on Close assessment process to a floating price basis from fixed, effective July 1, 2021.
REFINERY NEWS ROUNDUP: Plants in India cut runs Run in May were above the 80% run rate of May 2020, as overall economic activity increased since the first wave of COVID-19 last year.
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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