Fincantieri Bay to build second Polaris LNG bunkering barge Sturgeon Bay, Wis., based Fincantieri Bay Shipbuilding has agreed to partner with PNE Marine Holdings, an affiliate of Polaris New Energy to build a second 5,500 cubic meter LNG bunker barge. This
New Hamburg fire vessels are versatile as well as green Damen Shipyards has handed over twin plug-in hybrid firefighting vessels to Flotte Hamburg, a subsidiary of the Hamburg Port Authority (HPA) that is tasked with implementing low-emission shipping in the city. With
USMMA to "pause" Sea Year program Reverberations continue to following the harrowing allegations of rape and sexual harassment while training aboard a U.S.-flag merchant ship recently made by the female cadet at the U.S. Merchant Marine Academy, Kings
CMA CGM in $2.3 billion LA container terminal acquisition EQT Infrastructure is to sell one of the largest terminals in the Port of Los Angeles-Fenix Marine Services (FMS)-to CMA CGM for an enterprise value of $2.3 billion. Under EQT Infrastructure's ownership
Charleroi Lock and Dam project marks a milestone The Pittsburgh Engineer District has marked a major milestone in a $1 billion project that began in 2004: dewatering the the lock chamber at the Charleroi Lock and Dam, the newest navigation
Vard Marine names new VP business ops Vard Marine Inc. has appointed its current corporate business manager, Kristin Jovel, to the position of Vice President Business Operations for its North American offices effective immediately. Jovel joined the company's Houston
LPD 17 SRA award has $76.6 million potential MHI Ship Repair & Services (Marine Hydraulics International LLC,) Norfolk, Va., has won a $71,437,926 contract for the execution of the USS San Antonio (LPD 17) fiscal 2022 selected restricted availability (SRA).
Iran confirms tanker seized as it thwarts US ship 'hijack' in Oman Sea US and Iran naval forces report tensions in waters surrounding key Strait of Hormuz oil transit area
Weekly Briefing: Containers crave normality | Cape crusaders collapse | Tankers can't get worse Untangling the mess that is the global supply chain is going to be difficult, expensive and time-consuming, but for container...
Dorian unveils deal to charter-in dual-fuel LPG trio Dorian posted better than expected results for its second financial quarter as average daily earnings for its VLGCs rose by...
COP26: Leaders exit stage left as negotiators take centre stage Growing calls for a net-zero target and a tax on carbon are reinforcing existing camps before upcoming IMO talks. Disagreements...
Bulker ordering picks up Lloyd's List Intelligence data shows 216 bulkers ordered so far this year, up 22% from the same period in 2020...
Braemar plans to double size in next few years Board sets strategic ambition of rapidly expanding core business, targeting both organic growth and complementary acquisitions
Box carriers return to mid-size tonnage for fleet renewal After a decade of ever-increasing boxship sizes, smaller ships are coming back in favour. With many older mid-range vessels reaching...
Smart tech set to divide shipping like never before A Lloyd's List webinar hears how digital technology has shone a bright light on traditional ways of working. Silo mentality...
DHT Holdings brings forward tanker dry-docking during fourth quarter Off-hire days in fourth quarter exceed prior three months as company positions for 2022 rates rebound
Eastern Pacific picks up two more newcastlemaxes Having built up a strong long-term charter exposure, Eastern Pacific appears to be ramping up its spot options, even as...
Maritime veteran Esben Poulsson gets lifetime achievement award 'After starting out in Hong Kong in 1971, Esben witnessed first-hand the rise of Asia as a powerhouse in international...
Thomas Miller Specialty fixed premium P&I offering ditches AIG for UK Club Fixed premium for fixed cover still represents only a small share of protection and indemnity market
CMA CGM agrees deal to buy back former LA terminal Control of terminal assets has become increasingly important to container lines. CMA CGM intends to expand and develop the FMS...
Daily Briefing Net-zero camp boosted by US-Danish pledge at COP26, but success is far from certain | Make charterers, not owners, pay...
Fines threat for lingering containers is having an impact, US port officials say Ocean carriers are said to be 'stepping up and coordinating' with the shippers, terminals, railroads and motor carriers to move...
Cosco's new chief inherits busy agenda full of challenges Wan has a lot more to do to make his colleagues as well as the industry convinced of his leadership
It just got cheaper to rent a container ship - now just $125,000/day California congestion hits charter rates as ship operators waste millions waiting to get to terminals.
White House starts publishing supply chain dashboard The White House has begun monitoring container volume at the ports of Los Angeles and Long Beach to measure progress in clearing supply chain bottlenecks.
ATSG sends B767 cargo retrofits to Boeing for first time Amazon Air's top airfreight supplier is diversifying its vendor base for reconstructing passenger planes into cargo jets.
CMA CGM acquiring Port of LA's Fenix Marine Services CEO Rodolphe Saadé says the CMA CGM Group is acquiring Fenix Marine Services to effectively manage its West Coast port operations.
Capline Pipeline reversal volume growth may depend on Enbridge Mainline contracting The Capline Pipeline reversal project is slated to come online Jan. 1 to move heavy Canadian crude from the US Midwest to the Louisiana Gulf Coast, but pipeline capacity will only start out at about 100,000 b/d and future growth may well depend on a Canadian regulatory decision later in November for how Enbridge's Mainline network is contracted.
September global air travel 53% below September 2019: IATA Global air travel in September picked up from August but was still 53% below September 2019's level, the International Air Transport Association said Nov. 3.
Norway's Aker BP starts up next phase of Skarv satellite project Aerfugl Norway's Aker BP has launched production from the second phase of its Aerfugl project, one of several satellite projects intended to rejuvenate oil and gas production in the Skarv area of the Norwegian Sea, it said Nov. 3.
Iran talks that could sway global oil supply by 1.5 million b/d to resume Nov. 29 The next round of Iran nuclear talks, which could swing global oil supply by 1.5 million b/d next year, have been set for Nov. 29 in Vienna after a five-month pause.
OIL FUTURES: Crude slides 3% amid rising US supply, Iranian nuclear talk restart Crude futures settled down more than 3% Nov. 3 as supply concerns eased amid rising US inventories and a restart date for Iranian nuclear talks.
Danish shipping group Monjasa expands US presence with Houston office The company said that it sees the new office as offering opportunities to establish upstream and downstream business relationships in the US Gulf Coast region.
OIL FUTURES: Oil complex resumes slide following US crude inventory build US commercial crude oil stocks moved 3.29 million barrels higher in the week ended Oct. 29 to 434.1 million barrels, US EIA data showed.
MARINE FUEL 0.5%: Global prices rise as fundamentals turn bullish The marine fuel 0.5%S market in October was dominated by rising prices and cracks coupled with renewed hope for an increase in bunker demand in coming months.
Platts amends volumes for Panama bunkers assessments, updates eWindow instruments Platts has changed the ex-wharf volume range for all Panamanian assessments of Marine Fuel 0.5%S and IFO 380 to 500-1,000 mt. The previous range was 500-1,500 mt for Balboa, Cristobal and the Panama Canal.
COP26: CDM carbon credits in demand amid talk of CDM continuation under Paris deal, say sources The UN Clean Development Mechanism was implemented in 2006 under the Kyoto Protocol and represents the first crediting scheme in history.
COP26: Global methane pledge launches with over 100 signatories Methane emissions account for about half of the 1 degree Celsius net rise in global average temperature since the pre-industrial era, according to the latest report by the Intergovernmental Panel on Climate Change.
A border carbon adjustment could help the US monetize its carbon advantage A fee would apply to carbon-intensive imports to account for the costs incurred by US businesses to comply with laws and regulations that limit GHG emissions.
Singapore Oct fuel oil paper MOC trades fall 42% from Sep as HSFO demand slumps A slide in the traded volume for HSFO swaps comes on the back of a seasonal decrease in demand from power generation companies in South Asia and the Middle East.
Fujairah oil product stocks fall slightly amid middle distillates recovery Ship fuel sales at the Port of Fujairah, the world's third-largest bunkering hub, probably set a new high for 2021 in October as buyers that had waited for crude oil prices to fall were forced to meet their requirements, sending premiums to a seven-month high, traders told S&P Global Platts.
Zhoushan Nov ex-wharf marine fuel 0.5%S term contracts done at $8-$13/mt premiums Suppliers have slightly overcompensated by ramping up the pace of low sulfur fuel oil imports due to concerns over tightening inventories at Zhoushan, especially since bunker sales estimates for October were above-average, sources said.
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