NCLH donates $10 million to Alaska communities hit by cruise ban Norwegian Cruise Line Holdings Ltd., which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today announces is providing $10 million in cash support to six Alaska port
"Nuisance" tugboat scuttled off Alaska An abandoned tugboat deemed to be a "nuisance vessel" was scuttled offshore Southeast Alaska, Sunday. The operation to sink the derelict tugboat Lumberman was carried out by the City and Borough of
BV releases "Ammonia-Prepared" class notation Classification society Bureau Veritas (BV) has released an "Ammonia-Prepared" notation and has developed a rule note for ammonia as a marine fuel to support shipowners, designers, shipyards, and charterers in advancing their
Ocean Infinity acquires subsea software specialist Ocean Infinity, the Houston-based company building an "armada" of robotic ships, reports that it has acquired Portugal based software engineering specialists Abyssal. Abyssal develops and implements proprietary software solutions for the offshore
Will this be Africa's next piracy hot spot? Maritime security and risk analysis specialist Dryad Global warns that an insurgency by a militant group in Mozambique poses a serious maritime security threat. Dryad reports that on March 24, the militant
Bollinger Shipyards celebrates 75th anniversary Lockport, La., headquartered Bollinger Shipyards today unveiled a commemorative logo celebrating its 75th anniversary that it will use for the remainder of the year. "My grandfather started this company in 1946 as
J.F. Brennan opens new location in Paducah La Crosse, Wis., headquartered marine construction firm J.F. Brennan Company has recently established a permanent presence in the Mid-South Region. The company's new Mid-South location is in Paducah, Ky., and will provide
EBDG makes leadership team promotions Seattle-headquartered naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) has announces changes to its executive leadership team. These changes come shortly after the appointment of Robert Ekse to president
SCA member shipyards get $7 million in grants The Shipbuilders Council of America (SCA) reports that nine of its members received more than $7 million in the latest round of awards under the U.S. Maritime Administration's Small Shipyard Grant Program.
Mozambique security delay fuels uncertainty over status of 17 newbuilding LNG carriers The Mozambique LNG project is Africa's largest energy project with liquefied natural gas supposed to come online in 2024, but...
GMS defends Maersk scrapping record after Danish criticism Industry groups defend Maersk's record on shipbreaking after Danish government says it will investigate the reflagging and recycling of four...
Paul Ioannidis, guardian of the Onassis legacy, dies at 97 His 33 years of training experience convinced him that human error was the ultimate cause of most accidents and of...
Class future lies in confidence, not certainty, says BV Bureau Veritas is gathering expertise from across the business to explore safety and sustainability issues beyond the confines of maritime
Dry bulk freight futures soar as trading volumes hit 13-year high Volatility on the back of rising commodities prices sees nearly 816m tonnes of freight traded in first four months of...
Europe's ports survive Suez surge Congestion at Europe's key hubs has not increased significantly because of the Suez Canal closure. But the relief was relative...
Marine LNG fleet set to expand despite World Bank rejection Titan LNG has questioned the the lifecycle emissions analysis available for hydrogen and ammonia, pointing out that liquefied natural gas...
Coronavirus outbreak on bulker off Canada Thirteen crew have tested positive for coronavirus on a bulk carrier at Newfoundland. The local seafarers' union said the case...
Daily Briefing Free to read: Singapore extends crew change prohibitions to South Asian countries | Biden's recovery plan in first 100 days...
Biden's recovery plan in first 100 days will benefit shipping There is no doubt that the US economy is rebounding due to Mr Biden's efforts, which have largely resulted in...
Castor Maritime extends fleet to continue diversification push The purchase en bloc of five tankers came days after Castor agreed to acquire a 2011 China-built panamax dry bulk...
Eastern Pacific Shipping bags Rio Tinto dual-fuel bulker charter Eastern Pacific's belief in LNG-fuelled tonnage during the past few years has led the shipowner and shipmanagement company to develop...
Japanese liners build offshore wind ventures Japanese shipping lines are building up capabilities to support a national offshore wind drive
Singapore extends crew-change prohibitions to South Asian countries Synergy chief executive Rajesh Unni says the humanitarian crisis brewing at sea calls for solidarity, co-ordination and decisive policy
Gunvor compensates Exmar for FSRU termination Gunvor and Exmar were locked in arbitration proceedings regarding a ten-year FSRU charter after a project in Bangladesh came to...
Brace for impact: Data shows US import demand still rising Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.
Canada's Cargojet explores U.S. investment Cargojet wants a bigger slice of the U.S. e-commerce and heavy air cargo market. It's looking for an investment opportunity and has identified new trends...
Lufthansa replicates sharkskin to boost fuel efficiency of cargo jets he microgeometry of a shark's skin reduces friction and allows it to move faster in the water. Lufthansa Cargo is applying that same capability to...
FreightWaves Flashback: How much bigger will box ships get? 2001: Several shipping lines are close to ordering the first container ships of 8,000- to 9,000-TEU capacity, but others in the industry are warning of...
Singapore 10 ppm gasoil-Marine Fuel 0.5%S spread hits near 9-month high on strong gasoil The spread between FOB Singapore 10 ppm sulfur gasoil and Marine Fuel 0.5%S was assessed at its widest on May 3, since Aug. 11 last year, on the back of a strong gasoil market and a slightly weaker Marine Fuel 0.5%S.
European fuel oil swaps volume traded in Platts MOC falls to 110,000 mt in April The volume of fuel oil swaps traded during the Platts Market on Close assessment process in London in April dropped to 110,000 mt from March's 370,000 mt, as the market slowed down following a busy month.
ICE LSGO futures net speculative length reaches 15-month high Speculative net long positions in ICE low sulfur gasoil futures were up 15,264 contracts to a 15-month high of 116,147 in the week to April 27, according to ICE data.
April fuel oil barge volumes traded in London MOC rose 64.18% on month April volumes of fuel oil traded in the Platts Market on Close assessment process in London rose 64.18% on the month, with 0.5% sulfur barge volumes up 148.65%% and 3.5%S barges were up 14.96%.
Norway's Nel Q1 hydrogen electrolyzer sales hit by pandemic Norwegian hydrogen electrolyzer producer Nel suffered a loss its first-quarter sales as the coronavirus pandemic slowed business and delayed the closing of orders, the company said May 4.
OIL FUTURES: Crude hits 7-week high on bullish demand outlooks Crude oil futures on May 4 settled at the highest since mid-March as improved demand outlooks in Europe, the US and China overshadowed the downside impacts of regional pandemic lockdowns.
US Gulf Coast Colonial Pipeline no. 2 gasoil price sinks to near one-year low amid RVO strength The US Gulf Coast pipeline no. 2 gasoil assessed price fell to a near one-year low May 4 as Renewable Volume Obligation blending costs surged to new all-time highs.
EMEA Middle Distillates: Key market indicators European distillates markets looked mostly stronger May 4, with the prompt structure on the ICE low sulfur gasoil futures trading at the two-month high reached on April 30.
New York marine gasoil reaches 15-month high amid NYMEX ULSD strength Ex-wharf marine gasoil (MGO) prices at New York Harbor May 4 hit the highest level in more than 15 months, driven by a strong energy complex buoyed by relaxing pandemic restrictions.
INTERVIEW: World's largest green hydrogen project eyes Australian ammonia exports **26-GW solar, wind project to supply H2 at $2/kg **Green ammonia exports expected from 2027 **Sales to target utilities, industry, shipping
Granholm eyes tough path to slash emissions in half by 2030 without assist from Congress "So before any oil companies start to go bankrupt, you have got to diversify," Energy Secretary Jennifer Granholm said April 26
REFINERY NEWS: Works at some Russian refineries draw to a close: sources Spring maintenance has been completed or is drawing to a close at some Russian refineries, but elsewhere works are ongoing or about to start, according to market sources.
Total completes first ship-to-ship LNG bunker operation at Dunkirk **Operation for world's largest LNG powered containership **Titan announces development of LNG/bio-LNG bunker vessel
MARINE FUEL 0.5%: Sluggish demand in bunkers market stagnates global supply The European marine fuel oil crack spread has come under pressure over the last month, continuing to retreat from the 2021 highs that it saw in February.
Open interest for Singapore fuel oil forward curves on ICE tick lower in April The inflow of arbitrage cargoes is expected to fall in May, while the downstream bunker market remained bearish due to weak demand, market sources said.
OIL FUTURES: Crude edges higher as easing restrictions in Europe offset India's COVID-19 surge "The uncontrolled COVID-19 outbreak in India will continue to pose the biggest downside risk to oil prices for now," OCBC Treasury Research analysts said in a May 4 note.
Venezuela's April crude output falls to an average 520,000 b/d: internal reports Lack of light crude to dilute the extra-heavy crude, electrical failures, thefts of materials, and unscheduled well shutdowns led to the decline.
LPG, oil operations at Indian ports normal amid COVID-19 measures "There has been no berthing restrictions as of now at any LPG port due to COVID-19," one importer said.
Hong Kong May ex-wharf bunker term differential inked at $15-$20/mt discount to Singapore gasoil "Term contracts are mostly inked with container vessels, since bunker-only calls have dried up," a trader 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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