Navy awards Austal USA $144.6 million two-ship T-ATS contract Jump starting its plans to get into steel vessel construction, Austal USA, Mobile, Ala., has been awarded a $144,623,645 fixed-price incentive (firm target) modification to previously awarded contract N00024-21-C-2209 for the detail
VIDEO: Golden Ray salvage enters final stages It ain't over until it's over-and the salvage of the capsized car carrier Golden Ray continues, though the end now seems in sight. Although the giant heavy lift catamaran VB-10000 has completed
MAN dual-fuel two-strokes rack up 2 million operating hours MAN Energy Solutions reports that its portfolio of two-stroke, dual-fuel engines has accumulated more than 2 million operating hours in total, running on LNG, methanol, ethane and LPG. The company has booked
First of new Staten Island Ferry trio commissioned New York City Mayor Bill de Blasio, Department of Transportation Commissioner Hank Gutman, and Staten Island Borough President Jimmy Oddo yesterday officially commissioned the Staff Sergeant Michael H. Ollis, the first new
Fishing vessel accidents investigated in new NTSB report For the eighth year, the National Transportation Safety Board (NTSB) has released its "Safer Seas Digest 2020," a compendium of the NTSB's maritime accident investigations involving loss of life, injuries and significant
Recovery efforts underway in path of hurricane Just before noon on August 29, Hurricane Ida crashed ashore at Port Fourchon, La. Its 150 mph winds made it the fifth-strongest storm to hit the U.S. on record-and after causing devastation
10 minutes with Crowley's Nico De Golia on sustainability As the maritime industry focuses more and more on sustainability and all that it entails, mental and physical wellbeing included, we wanted to reach out to someone who is setting the bar
Jan De Nul switches fleet to VSAT, Iridium connectivity The Jan De Nul Group has signed a long-term contract with Netherlands-based satellite communications specialist Castor Marine to provide global VSAT internet and Iridium L-Band services to its entire fleet of almost
BOEM announces U.S. Gulf lease sale date The Bureau of Ocean Energy Management (BOEM) has announced that it will hold an oil and gas lease sale for the Gulf of Mexico on November 17, in compliance with an order
UN calls for more robust monitoring of subterfuge shipping UN Security Council Panel investigating North Korean maritime sanctions recommends that class, flag states and shipyards need to beef up...
Opec casts doubt on refinery dislocation as tonne-mile driver 'There is a general preference to locate refining capacity in consuming regions due to lower transport costs for crude oil...
Capesize daily rates breach $80,000 on tonnage tightness Biggest increase seen in the C9 northern Europe/Mediterranean to China/Japan route, which settled at $113,700 per day at the close...
Seanergy Maritime poised for seventh capesize acquisition this year Acquisition brings Greece-based Seanergy's all-capesize fleet to 17 units again after the recent sale of its oldest ship
Broker predicts pool payouts could hit $700m 'The problem is that there is little the clubs can do about it. These large incidents are very random in nature...
Safe Bulkers agrees new three-year charter for capesize US-listed owner is getting $24,000 per day for capesize bulker acquired in August under a bareboat charter structure with purchase...
Greece follows Cypriot class act Adopt a Ship's aim is to provide young children with a real-world learning experience about shipping through pairing classes with...
Location is key to competing in international logistics Its natural location, combined with the presence of such a powerful shipping community, underpins Greece's potential as an international logistics...
A glimpse of a greener future Greece's ferry industry is grappling with an urgent need to renew an ageing fleet while bearing the losses wrought by...
Aiming for togetherness as much as recognising the exceptional After a year's break when they went virtual, the Lloyd's List Greek Shipping Awards are expected to make an in-person...
Call for shipping to adopt 2050 net-zero emissions target The International Chamber of Shipping has called for shipping's global regulator to commit the industry to net-zero emissions by 2050...
Ecsa appoints interim leaders after Dorsman steps down Ecsa appoints Katalin Dobránszky-Bartus and Sotiris Raptis as acting secretary-generals
Seaspan takes delivery of first ship in 70-vessel orderbook Seaspan has been an active buyer in containership newbuilding slots. The first of those orders has been delivered ahead of...
Daily Briefing Yildirim mulls sale of CMA CGM shares | Marine insurers cancel 'spoofing' Iran-linked ships | Bottlenecks and pent-up demand to...
Lockton acquires Norwegian marine broker Norwegian insurance broker Edge GroupEdge Group has a 2% share of the global marine insurance market but has now been...
China Merchants' terminal deals with CMA CGM miss deadline Despite delays to the closing date, Chinese port operator says it failed to complete the transactions owing to the local...
Ship at anchor off California ports may have caused major oil spill How will public view ships anchored off Los Angeles/Long Beach if one of them is tied to Huntington Beach spill?
Dry bulk shipping rates hit $80,000 per day as buyers scramble for coal Capesize bulkers haven't earned this much since 2009, and freight futures just made "monstrous" move up.
Report: Sustainable marine fuels should meet expansive criteria The Sustainable Shipping Initiative's recent report on marine fuels urges the inclusion of all aspects of sustainability, such as air quality, human rights, water, social...
New DHL Express hub at Paris airport cuts delivery times DHL Express is investing around the world in its international parcel network. A bigger Paris hub means faster package delivery.
NTSB prepares to recover cargo jet from ocean floor in Hawaii A cargo jet made an emergency landing in the ocean off Oahu this past summer. Investigators are now going to pull the wreckage off the...
Israeli aerospace firm launches cargo conversion program for Airbus A330 More air cargo operators are interested in flying the Airbus A330 as a converted freighter and Israel Aircraft Industries has jumped in to produce them.
Ocean delays turn desperate retailers to the skies, increasing emissions There are two ways to transport goods overseas: ocean or air. Port congestion and shipping delays are forcing companies to shift to faster air transport,...
Low-sulfur and very low-sulfur fuel oil differentials drop sharply on the week Power generating companies were observed to switch to fuel oil as a cheaper alternative, according to market sources. Until last week, fuel oil grade differentials have largely stayed range bound as the entire fuel oil complex pushed higher.
OIL FUTURES: Crude extends gains on OPEC+ decision to stick with agreed output Many market participants had assumed a bigger output increase was forthcoming, due to the ongoing supply tightness and the fact that additional demand for oil could be as great as 1 million b/d as some power plants switch to oil instead of natural gas, which has recently reached record high prices.
INTERVIEW: Renewable hydrogen GO market hinges on demand growth: CertifHy Green and low-carbon hydrogen guarantees of origin (GOs) are set to play an important role in fulfilling the EU's ambitious climate targets, but the slow start-up of renewable hydrogen production and uptake on the demand side is holding up the implementation of a European-wide certification system, Antti Kuronen, project manager of the CertifHy registry and issuing body, told S&P Global Platts.
REFINERY NEWS: France's Feyzin adapts operations on some units after fire According to union sources, cited in local media reports, operations have been scaled down, with 30% halted already and more could follow.
China expected to announce clearer emissions reduction and peak carbon plans: executive Clarifying the carbon peak and when it is to be achieved is a crucial step for China to realize its climate commitments.
Several Iraq refineries shut down in September due to filling storage tanks Iraq continues to import gasoline and gasoil to fulfill its domestic needs as much of its existing refineries are old and dilapidated or still being rehabilitated.
Low-carbon hydrogen still needs large investments: ministers, trade body Noé van Hulst, Chair of the International Partnership for Hydrogen and Fuel Cells in the Economy, or IPHE, which comprises of 21 member countries, said its members alone had $30 billion of public funds announced for stimulating clean hydrogen, which is a 10% increase over the previous six months.
Oil supported at $75-$90/b in October 2022: commodity trading CEOs Commodity markets have seen turbulent times in recent months and years. Dated Brent has swung from $85.51/b in October 2018 to $13.24/b on April 2021; its lowest since March 18, 1999.
Delivered Zhoushan-Singapore Marine Fuel 0.5%S spread widens to 5-month high Singapore has been well-supplied with low sulfur fuel oil bunker fuel amid lackluster demand for the delivered grade, which depressed the Singapore-delivered marine fuel 0.5%S bunker premium, industry sources said.
FEATURE: High oil prices make conditions ideal for lending, but climate change risks a challenge "Capital discipline has caught up with operators, their cash has built up, oil and gas prices are up and interest rates are still relatively low even though we see inflation coming," Paul Goydan, managing director and senior partner at Boston Consulting Group, said.
ICE HSFO, LSFO open interest rises on uptick in physical activity for September Pakistan, which has been a big buyer of 180 CST HSFO, had increased its fuel oil purchasing activity in the third quarter to make up for cancellations of spot LNG cargoes during peak summer season, according to traders based in the UAE.
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