Austal Vietnam to build high-speed ferry for French Polynesia Henderson, Western Australia, headquartered Austal Limited (ASX:ASB) reports that Austal Australasia Pty Ltd has been awarded a EUR 20.5 million (approximately US$24 million) contract to design and build a 66 meter high-speed
Mississippi River Commission cuts out segment of annual inspection trip The Ensley Engineer Yard in Memphis, Tenn., has recently finished final preparations to make the M/V Mississippi, the largest towboat in the U.S., ready for on a new season of revetment support
New TT-Line RoPax duo will feature Wärtsilä technology The two RoPax ferries on order at Finland's Rauma Marine Constructions (RMC) shipyard for Australian operator TT-Line will be future-proofed to operate alternative green fuels, according to Wärtsilä, which has been chosen
Weekly Briefing: Box backlash begins | Bulk basks in hot summer markets | Tankers hit a speed bump More record profits have failed to divert attention in the box market from the delays leading to bad blood between...
Mercer Street attack draws new focus to familiar threats What the Middle East security incidents mean for shipping, shippers v carriers in US container row, and the Beirut blast...
UK shipping refutes seafarer training allegations Nautical institute fellow and seafaring expert Capt Michael Lloyd argues there has been a 'naïve assumption' by non-seafarers that sea-time...
Carbon compliance complexity to affect three quarters of global fleet Metrics will change fleet operations, how vessels are chartered, sailing speeds and routes traversed by ship type and age
Four bidders identified for Haifa port Competition is already looming with Shanghai International Port Group due this year to open the Haifa Bayport container terminal
Pangaea eyes further dry bulk gains after record quarter Second-quarter revenues nearly doubled, although for once Pangaea failed to beat the market in terms of average charter earnings
Maersk to cut calls at Hamburg and warns of delays High yard density at Hamburg is leading to long waiting times. Recent floods have also affected inland distribution by rail
Scrubber installations slow even as spreads increase The economics of using exhaust cleaning systems are returning after spreads fell last year. But uptake among carriers remains mixed
Taylor Maritime Investments to buy seven handysizes Bulker operator Taylor Maritime Investments has agreed to buy seven handysize ships for $107.8m, to be delivered in September and...
Dispute between shippers and carriers brings proposed US legislation 'Companies looking to offload foreign-made products at west coast ports must provide opportunities for American exports. Even during a global...
MOL to join green ammonia study with Origin Energy The joint initiative focuses on a feasibility study on marine transportation of ammonia, its demand in Japan and Asia and...
Daily Briefing Opposing sides line up over US shipping regulation reform | Delta variant a speed bump to product tanker market recovery...
Terminal in Ningbo forced to close due to infected port worker If the infection spreads to other terminals in the port of Ningbo, it could spell disaster for the global supply...
Bugbee strikes again with $450K options buy on Scorpio Tankers Scorpio president is not backing down in his belief that product market, and his company's shares, are headed up
Overseas Shipholding cuts non-disclosure deal with top shareholder Owner confirms pact is part of the process as US-flag tanker owner evaluates Saltchuk Resources takeover offer
Business as usual for Capesize Chartering pool after Golden Ocean exit Remaining shipowners say bulker pool has just as much commercial benefit in a high capesize market as when rates are low
Seanergy may take back 10% of 'undervalued' shares New York-listed shipowner mulls buy-back as stock price trades at 32% discount to net asset value
US pushes for more oil production after Opec+ compromise Tanker rates have risen since the group of oil-producing countries agreed to hike production, but remain low
Atlas ponders sales of smaller containerships in Seaspan fleet Tonnage provider could be poised for windfall after approaches to buy its shipping assets
Doun Kisen bulker grounds and cracks at Japanese port Japanese coastguard says crew are safe and the vessel is not in danger of sinking
Bulker owner earnings season shows chorus of 'positive' outlooks Spot rates have soared since a year ago across the board
After Seajacks deal, US waters beckon for Eneti but will Biden deliver? After major regulatory question mark associated with the Jones Act is cleared, hopefully Biden will follow through on his goal
Dry bulk owners share 'positive' outlook on strong market Spot rates have soared since a year ago across the board
Mitsui OSK Lines teams with Origin Energy on green ammonia supply Companies plan to develop a supply chain with export from Australia
Standard Chartered offloads big bulkers in strong S&P market British lender dangles capesizes and post-panamaxes in front of buyers who are increasingly warming to large bulkers
Seafarer on Formosa Plastics bulker dies during offshore crew change Taiwanese-controlled capesize held in Australia pending investigation into incident
Santoku Shipping quietly ups newbuild tally with two bulk carriers Osaka-based outfit has bought Yangzijiang kamsarmaxes from Japanese trading house Mitsui & Co
Climate change report forecasts ice-free Arctic periods before 2050 Effects on oceans highlighted in first major scientific review since 2013, ahead of November's COP26 meeting in Glasgow
IPCC report shows we must act now and get a grip on climate crisis Even the Iron Lady, former UK prime minister Margaret Thatcher, would wince at the foot-dragging by some in shipping to tackling decarbonisation
Taylor Maritime wraps up $108m seven-ship deal UK-listed company says it is in strong position to take advantage of dry bulk upturn
Wildfires show we must act now and get a grip on climate crisis Even the Iron Lady, former UK prime minister Margaret Thatcher, would wince at the foot-dragging by some in shipping to tackling decarbonisation
Polys Hajioannou panamax sale is more heady news for bulker S&P market Greek-Cypriot owner bides his time and is rewarded with firm price for 2008-built bulker
Hyundai Heavy Industries prices initial public offering HHI has hired Mirae Asset Securities, Korea Investment & Securities and Credit Suisse Securities as co-managers for the IPO
Swire Pacific offloads 50% stake in Hongkong United Dockyards Asian multi-national firm continues to downsize its exposure to the marine sector
Seafaring nations propose emergency fund for abandoned crew China, Indonesia and Philippines call on the International Maritime Organization to support emergency fund amid rising abandonment cases
Santoku Shipping quietly ups order tally with two bulk carriers Osaka-based outfit has acquired Yangzijiang kamsarmax newbuildings from Japanese trading house Mitsui & Trading
Asia Pulp & Paper turns to Japan for woodchip carrier newbuildings Indonesian paper manufacturer grows fleet to six with latest quartet at Oshima Shipbuilding
Austal bags $24m catamaran newbuilding contract Australian shipbuilder's Vietnam yard will construct vessel for repeat customer
Oh no, not Ningbo! COVID case shuts down container terminal Yantian redux. Shipping activity slowed to a crawl at the Port of Yantian in China earlier this summer after an outbreak of COVID infections, and...
Container terminal berthing 22,000-TEU ships in Louisiana moves forward Plaquemines Port announced it has found the site for its state-of-the-art container terminal that will be able to handle vessels carrying up to 22,000 TEUs.
Amazon Air's big US hub opens for business Amazon's new U.S. air hub is up and running in the Ohio Valley, making it easier to quickly fulfill online orders.
Cold Chain Summit: Next-gen refrigerated boxes for air cargo Learn a bit about the evolution of temperature-controlled containers in the air cargo environment and how Envirotainer has added new technology features to its refrigerated...
INDIA DATA: July gasoil consumption slips 1% on month after June rebound India's gasoil consumption dipped 1.02% month on month to 6.14 million mt in July, showed latest provisional data from the Petroleum Planning and Analysis Cell, or PPAC, as public transportation networks and railways had yet to resume full service capacity.
July gasoil imports into offshore Lome down 26% on month: Kpler Gasoil imports into offshore Lome in West Africa in July were down 26% from June levels, after an earlier build-up of supply and amid moribund demand.
Ukraine to deploy 200,000 mt oil storage capacity via pipelines Ukraine's state oil shipping company UkrTransNafta will deploy 200,000 mt of its idle oil pipelines and oil handling infrastructure as storage facilities for crude oil, Iryna Holod, UkrTransNafta spokesperson, said on Aug. 11.
US DATA: EIA says Gulf Coast ULSD stocks build for second straight week to over four-month high Ultra low sulfur diesel stocks on the US Gulf Coast saw a build for the second consecutive week, rising 1.74 million barrels to 45.16 million barrels during the week ended Aug. 6, Energy Information Administration data showed Aug. 11.
Oil spill near Russia's Novorossiisk scrutinized for greater damage to Black Sea A recent oil spill in Black Sea near Russia's Novorossiisk was put under investigation by state authorities on Aug. 11 after satellite images showed damage from the leak may have been misreported.
US crude inventory draws resume as refinery demand, exports climb US crude oil inventory draws resumed in the week ended Aug. 6 amid an uptick in refinery demand and higher exports, US Energy Information Administration data showed Aug. 11.
Argentina's YPF bets on importing premium fuels as no refinery expansions planned YPF, the biggest oil refiner in Argentina, plans to continue importing higher-grade diesel and gasoline products to meet local demand, given that it is not planning any major expansions of its three refineries on uncertainty about future demand, CFO Alejandro Lew said Aug. 11.
ARGENTINA DATA: June use of oil refining capacity falls Argentina's refinery utilization rate fell to 73.6% in June from 75.4% in May, a sign of how a second wave of coronavirus cases, high inflation and a sluggish economy have limited demand, the state statistics department Indec said Aug. 11.
North American midstream sector remains full, but few want to buy A slower and steadier trickle of midstream consolidation has continued since the upstream buying spree that began last fall, but energy executives and analysts warn there are still too many pipeline companies in a North American industry that is now producing less crude within an overbuilt infrastructure environment.
OIL FUTURES: Crude settles higher despite modest US inventory draw, call for more OPEC+ output A late session rally saw oil futures settle higher Aug. 11 despite a tepid US inventory report and calls from the White House for the OPEC+ group to raise output.
TOTSA Total Oil Trading SA changes entity name to TOTSA TotalEnergies Trading SA Platts will publish all relevant information from TOTSA TotalEnergies Trading SA accordingly.
Australia Origin, Japan Mitsui to study renewable ammonia supply Abu Dhabi National Oil Co. said Aug. 10 it will sell conventional or blue ammonia to Japan Idemitsu for use in refining and petrochemical operations indicating the UAE national oil producer is working on expanding its clean energy product sales to the Asian country.
Goldman sticks to $80/b oil price forecast despite demand hit from new China wave **Cuts oil demand forecast by 1 million b/d over China COVID-19 surge **Supply-side constraints seen keeping oil market tight this year
South Korea's draft carbon-free roadmaps face industry backlash The Federation of Korean Industries, or FKI, which represents the country's conglomerates such as SK Group and GS Group that run oil refineries and power utilities, said in a statement the proposed scenarios are "unrealistic" and "threatening" to the country's industries.
OIL FUTURES: Crude prices stay lower following modest US inventory draw **Commercial crude stocks fall 450,000 barrels **White House calls for higher OPEC+ output
Saudi Aramco allocates full term crude volumes to Asian buyers for September: sources **Asian refiners said to cut nominations on OSP hike **Spot market may see more demand from Asian refiners
INDIA DATA: July fuel oil consumption declines 10% on month, as exports rise The decline in consumption comes amid a concurrent anticipated increase in fuel oil exports on the month.
FUJAIRAH DATA: Oil product stockpiles climb for first time in three weeks **Fujairah sees 'low demand' for bunkers **Slowdown may be due to India monsoon
Tight Singapore-delivered MGO supply narrows spread to LSMGO to 12-month low A key source of demand for 0.5%S MGO is fishing vessels, and this source has shifted toward using LSMGO given the shortage of supplies on the market.
Australia's net zero emissions target preferably by 2050: Energy Minister "Australia is committed to achieving net zero emissions as soon as possible, and preferably by 2050."
Sri Lanka's Colombo port sees first supply of delivered HSFO bunker fuel The launch of barge deliveries of HSFO at the port on Aug. 6 was to meet demand from scrubber-fitted vessels.
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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