Edda Wind launches Oslo IPO Norwegian offshore wind service specialist Edda Wind, which is owned on a 50/50 basis by Wilhelmsen New Energy AS and Østensjø Wind AS, today announced it had launched its long expected Oslo
Inmarsat to be acquired by Viasat Mobile satellite communications giant Inmarsat is set to be acquired by Carlsbad, Calif., based Viasat Inc., (NASDAQ: VSAT) under a definitive agreement announced today. The news comes two years after U.K.-based Inmarsat
Eneti again talks Jones Act WTIV newbuild Emanuele Lauro led Eneti Inc. (NYSE: NETI) looks to still have plans to build a Jones Act compliant wind turbine installation vessel (WTIV). The company, which closed on its acquisition of Seajacks
Scandlines orders zero emissions freight ferry Scandlines has entered into a contract with Cemre Shipyard, Turkey, to build an emissions-free freight ferry for its route between Puttgarden, Germany, and Rødby, Denmark. The vessel will be built as a
VIDEO: NASSCO christens future USNS Harvey Milk The General Dynamics NASSCO shipyard in San Diego christened and launched the future USNS Harvey Milk (T-AO 206), November 6. The ship is the second in the U.S. Navy's John Lewis-class fleet
Transportation Institute names new VP of Pacific Coast ops Sarah Scherer has been named as vice president of Pacific Coast operations at the Washington, D.C., headquartered Transportation Institute (TI). Her appointment follows the retirement of Richard Berkowitz, who served as an
CIT arranges up to $58 million to refinance 4 box ships CIT Group Inc. (NYSE: CIT) today reports that its Maritime Finance business has arranged to provide up to $58 million to refinance four containerships operated by Leonhardt & Blumberg. The financing includes
Inmarsat in $7.3bn sale to US company Viasat Nasdaq-listed Viasat pledges to 'preserve and grow' the London headquarters of Inmarsat, a provider of maritime mobile satellite communication service
Capital orders three more LNG carriers at Hyundai Samho Move by Evangelos Marinakis-led Capital comes in wake of sale of six first LNG carriers to Nasdaq-listed affiliate
StealthGas applies for Nasdaq listing to spin off tankers StealthGas board eyes 'significant benefits' from spinning off company's four tankers into entity separate from its LPG carriers
COP26: Familiar faces and familiar problems as industry has its day in Glasgow A roll call of shipping industry leaders have voiced their positions on how to face the decarbonisation challenge while avoiding...
More demolitions needed to secure healthy utilisation Danish Ship Finance says seaborne trade volumes are expected to increase by about 3% next year, which could maintain healthy utilisation across...
Tanker owners look to Iran sanctions lifting for market recovery Tankers engaged in 'shady' shipments expected to be scrapped post-sanctions
US demand for goods continues to grow A resumption of services spending has failed to dent US demand for containerised goods. For shippers, that means there is...
Daily Briefing Iran tankers 'hijacked' over US-linked cargo dispute | COP26: Shipping's climate cash conundrum | Message to Ms Thunberg: Shipping's getting...
Challenge of decarbonising shipping features in short film BIMCO has released a new short film meant to raise awareness of the need to collaborate on decarbonising shipping
Shipping industry told LNG 'will not take us to zero' Shipping should not capture carbon in synthetic fuels only to release it again, Torvald Klaveness chief executive Lasse Kristoffersen tells ICS...
Fredriksen and Idan Ofer back offshore wind IPO Edda Wind, the Norwegian 50/50 joint venture between Ostensjo Rederi and Wilhelmsen, has landed John Fredriksen and Idan Ofer as...
Evergreen reports $3bn profits on capacity shortage Demand for shipping capacity has remained higher than supply. Congestion and bottleneck problems have shown no signs of abating
COP26: Chile aims to make 160m tonnes of green hydrogen a year Chile is building the renewable power capacity to make 160m tonnes of green hydrogen a year, far more than the...
Anglo American aims for carbon neutral shipping by 2040 Miner says it is exploring a comprehensive framework of complementary sustainability measures - an approach that will be backed by...
European airlines boost capacity, cargo sales as US reopens to travel Airlines are growing more optimistic about their recovery from the pandemic as the U.S. reopens its borders. Cargo is riding the coattails of the passenger...
Ports suffering from communications gap with US Customs Lack of data sharing regarding nonscheduled vessels is adding to the congestion in San Pedro Bay and impacting the ability to plan for container processing.
OIL FUTURES: Crude rallies as Saudi Aramco doubles price of Asian exports The Saudi energy group said it would raise its OSPs for exports of its crude oil to Asia, the Mediterranean, Europe and US bound cargoes in December.
Africa embraces gas in energy transition debate amid fears of secure supplies Although the 55 African countries account for only 4% of the world's total emissions, they are being asked to implement energy transition policies while most countries have low access to electricity.
INTERVIEW: Hydrogen engines could help build demand: Aggreko Costs for hydrogen-fueled power generation would come down, but customers would also have to accept higher costs as a feature of the energy transition, Carsten Reincke-Collon, the company's Director of Future Technologies, told S&P Global Platts in an interview Nov. 4.
New Marine Fuel 0.5% FOB Rotterdam M2M extended months symbols They are scheduled to begin updating Nov.15, 2021.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week The very low sulfur fuel oil market was experiencing some softening fundamentals as arbitrage opportunities to West Mediterranean weakened with the region well-supplied despite reduced production from the Sines refinery in Portugal.
COP26: Shipping industry must 'upgrade; climate targets: IMO chief The IMO is currently targeting a 50% cut in greenhouse gas emissions from the global fleet by 2050 compared with 2008 levels, following a 40% reduction in carbon intensity by 2030, but there is growing industry and political pressure to raise the 50% goal to 100%.
Iran says in 'close touch' with Vietnamese government over seized oil tanker Iran said it had undertaken the military operation in order to protect its own oil aboard the Vietnamese vessel from a US-backed piracy attempt in the Gulf of Oman.
China's Norinco Huajin to import 15 mil barrels crude from Iraq in 2022 The term supplies for Huajin from both Iraq and Saudi Arabia are behind the volumes seen from them in 2021.
Vitol's Muller says oil stocks down to pre-pandemic levels as OPEC+ spare capacity may cause 'angst' OPEC+'s gradual approach to output hikes is taking place amid concern about the coalition's spare oil capacity.
Qatar orders six LNG ships from Korean shipyards amid expansion plans The order is part of an April 2020 agreement to reserve LNG ship construction capacity in China to support its North Field gas expansion projects and replace older vessels.
Tokyo Bay marine fuel 0.5%S bunker premium jumps on stronger demand Market sources said refiners' supply is limited because their fuel oil have been earmarked for power companies that are increasing fuel oil purchases for winter demand.
Singapore delivered, ex-wharf marine fuel 0.5%S bunker differential nears eight-month high The volume of inquiries for prompt bunker requirements has inched up since October, but terminal congestions have held up barges in queue awaiting refueling, traders said.
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