ABB electric solutions picked for 10 Lisbon river ferries ABB is to supply the all-electric power solution for ten 40-meter, 540-passenger ferries being built by Spanish shipbuilder Astilleros Gondán under a EUR 52.4 million (about $62.5 million) contract from Portuguese public
A Q&A with International Salvage Union President Richard Janssen Though spectacular salvage and wreck removal projects continue to hit the headlines, the ocean salvage industry continues to face pressures that has seen some major players leave the market in recent years.
Robert Ekse takes helm at EBDG The board of directors of Seattle-headquartered Elliott Bay Design Group (EBDG) has appointed Robert Ekse as president of the naval architecture and marine engineering firm. He will succeed current president and chief
$1.3 billion gas shipping merger in works Navigator Holdings Ltd. (NYSE: NVGS), says it has signed a non-binding Letter of Intent with Naviera Ultranav Limitada to merge the Ultragas ApS fleet and business activities with Navigator. Navigator says the
Shell to charter in LNG bunkering vessel from Pan Ocean South Korea's Pan Ocean Co., Ltd. reports that it has entered into a time charter contract for an LNG bunkering vessel with Shell NA LNG, LLC. The contract is worth an estimated
Nakashima Propeller and Becker Marine Systems merge In a move that aims to create "a strong hydrodynamic provider for the propulsion and maneuvering of ships of all sizes," Japan's Nakashima Propeller Co Ltd has taken a majority stake in
ICS cautiously optimistic on security outlook The International Chamber of Shipping is cautiously optimistic about shipping's security outlook, having recently updated its security guidance
Navigator to absorb Ultragas fleet Navigator says that with the addition of Ultragas' vessels, it will be 'better positioned to engage new clients and new...
Total finalises crude oil deal in Uganda and Tanzania Two new Ugandan oil projects operated by Total and CNOOC could see 230,000 barrels of crude oil produced per day...
Castor acquires bulker after $125m fundraiser Nasdaq-listed shipowner's latest purchase described as a 10-year-old Japanese-built panamax bought for nearly $18.5m
Cause of Suez blockage likely due to variety of factors Disasters at sea usually feature multiple causes. The same appears to be the case for Ever Given, but experts think...
'Impressive' steel trade likely to continue for months US imports of steel were particularly robust in the first quarter of this year, with volumes from South Korea, Ukraine...
Prime minister leads tributes to Greece's shipping 'giant' John Angelicoussis Greek owner hailed as a pillar of the Greek flag and a devotee of the Greek shipping tradition and operational...
Changing Lanes: Suez disruption far from over The shipping industry might be back to being 'out of sight, out of mind' but the domino effect of the...
Shipowners lobby EU over rules for CO2 measure Three groups unite to ask the EU that the upcoming measure on shipping's greenhouse gas emissions is backed by a...
Pandemic adds to Singapore maritime sector's costs Singapore's shipyards are grappling with the reality that productivity will not match pre-lockdown levels any time soon given the limited access...
Daily Briefing Free to read: The LL view: End the scandal of seafarer abandonment, now and forever | Plight of abandoned seafarers...
New US terminal opening 'at right time' 'This project is a momentous achievement,' said South Carolina governor Henry McMaster
Eastern Pacific Shipping starts maritime scholarship fund The foundation will fund up to 10 scholarships a year in co-operation with the MaritimeONE programme, a key manpower initiative...
After long wait, Air Canada gets relief package from government Air Canada is finally getting a lifeline from the Canadian government, potentially worth up to CA$5.9 billion.
Partial strike at Port of Montreal as union, employers dig in Port of Montreal longshoremen will begin a partial strike after employers moved to stop providing guaranteed minimum pay as labor dispute hits the skids, again.
Container shipping is about to report blockbuster Q1 earnings As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
Rising jet fuel price puts extra pressure on airfreight sector Fuel was a nonfactor for airlines and cargo customers during the early months of COVID. Not anymore.
FreightWaves Flashback: Advance on the new Silk Road 2006: Istanbul-based freight forwarder Advance International has made use of international agency plans to re-establish reliable landbridge routes between the two continents.
Crude holds onto some gains amid weaker dollar, improved demand outlook Demand data reflects improvement in Asia's third-largest economy.
Spot 0.5%S marine fuel spikes in New York Harbor Very low sulfur fuel oil spot prices spiked April 12 in New York Harbor as sources said supply is tight.
OIL FUTURES: Crude edges higher amid improved global demand outlooks Crude prices settled higher April 12 as rising refined product consumption offset some concerns regarding the impact a resurgent pandemic would have on global demand.
EMEA middle distillates: Key market indicators European distillates were looking firm, despite rising COVID-19 cases, as easing restrictions in the UK and lower refinery production across the region supported markets.
AMERICAS BUNKERS: Key market indicators April 12-16 **Peruvian ports dealing with tight availability **Motivated sellers pressure MGO value in Houston
Sahara Energy doubles oil product storage capacity in Tanzania Sahara now has a storage capacity of 72 million liters consisting of eight storage tanks and 20 loading arms, it said.
East of Suez ULSD shipments to Europe set to rise to 700,000 mt in April: cFlow The delay in arrivals due for March caused little stir in the European ULSD market, with good availability already in the region.
EMEA residual fuel: Key market indicators Saudi Arabia has been seen pulling in fuel oil cargoes from the ARA region in April, with the Aframax Seatribute loading about 80,000 mt of fuel oil from Rotterdam on April 4 with an estimated time of arrival at Yanbu port of April 19, according to data from cFlow, Platts trade flow software.
INDIA DATA: March oil products demand up 17.9% on year to 4.8 mil b/d The demand data reflects improvement in Asia's third-largest economy compared with a lower base of the year-ago month, when the coronavirus-induced lockdown was introduced.
Greek, Swedish shipowners petition EC to include long-distance shipping in ETS **Platts CEC carbon credit price more than doubled since January **Long-distance shipping accounts for 60% of EU port calls: NGO
Singapore port charge hike to boost quicker movement; maritime expenses up in pandemic "There are definitely additional costs due to pandemic disruption but the port dues rates were being discussed for two years," MPA CEO Quah Ley Hoon said.
Commodity trader Trafigura to launch carbon trading desk in Geneva, Houston, Singapore Particularly for fossil fuels there have already been spot trades of carbon neutral liquefied natural gas, crude oil and condensates in recent months, where either the full life cycle carbon emissions or partial emissions of the cargo have been offset using mechanisms like carbon credits.
India's March fuel oil demand stays stable as exports rise on bullish margins The company imported a 35,000 mt HSFO cargo to meet domestic contractual commitments for delivery in early March at three east coast India ports.
INTERVIEW: Freepoint growing Asia footprint in LSFO, US crude; eyes new energy **Seals supply deals with Chimbusco, COFCO, China Merchants **Eyes on LNG, carbon trading, waste-to-energy projects
Asia residual fuel: Key market indicators this week Asian low sulfur fuel oil fundamentals are expected to continue being stable in the week started April 11, with the still relatively profitable spread incentivizing a few refiners to maintain higher output for selling extra cargoes in the spot market.
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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