VIDEO: Keel laid for first in new training ship series A keel laying ceremony held at Philly Shipyard today marked a significant construction milestone ceremony for the first of up to five new purpose built, state-of-the-art training vessels for America's state maritime
North Star orders fourth hybrid SOV for offshore wind Aberdeen, Scotland-based North Star Renewables has awarded Finantieri's Norwegian based subsidiary Vard an additional contract for the design and construction of a hybrid service operation vessel (SOV). To be built at Vard's
MARAD awards $12.6 million to 9 marine highway projects The U.S. Department of Transportation's Maritime Administration (MARAD) today awarded $12.6 million in grants to nine marine highway promects under the America's Marine Highway Program (AMHP). The funding will help address supply chain disruptions, enhance the movement of goods along navigable
Fairbanks Morse Defense acquires davit specialist Beloit, Wis.-based Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management has acquired U.K.-based davit specialist Welin Lambie Ltd. FMD says the acquisition further expands its capabilities and service solutions
East Coast Repair wins $8.7 million fleet oiler overhaul contract East Coast Repair & Fabrication LLC, Portsmouth, Va., has been awarded an $8,719,597 firm-fixed-price contract (N3220522C4198) for an 85-calendar day shipyard availability. The contract is for the mid-term availability of the Military
Op-Ed: Standardizing green finance for decarbonization investment By Tuomas Riski, CEO, Norsepower The Global Maritime Fund's Poseidon Principles has a huge number of signatories, which, together, have issued over $1.2 billion in sustainable maritime ship financing in 2020. Even
UN Human Rights Day covers sea as well as land Maritime Labour Convention was a watershed moment that provides firm foundations. But foundations need to be built on
Saudi Arabia and Vanuatu voted onto IMO Council Saudi Arabia has led opposition to tougher emission targets for shipping while, Vanuatu is among those Pacific islands calling for...
StealthGas eyes greater presence in medium-size LPG segment Pandemic-related costs identified as main problem as LPG market tightens
Burning ship to be towed to Gothenburg Firefighters and salvors will try to tow the vessel Almirante Storni to port with the cargo fire still not put out...
MOL completes integration of dry bulk units MOL Drybulk is an integration of the company's small and medium-sized bulk carrier business, wood chip carrier business and panamax...
Study reveals the pros and cons of shipping's decarbonisation path A case study of a boxship feeder fleet operating in Asia found ammonia offered a cheaper transition than methanol and...
A fine balance: 2022 looks positive but long-term risk looms large As the world comes to terms with living with coronavirus, it is the uncertainties presented by regulation, inflation, a flagging...
Japanese shipowners lead climate change rankings Among shipping companies, K Line and NYK each received an A rating in the global non-profit organisation's environmental disclosure system for...
Tanker doldrums will continue without scrapping, says Trafigura 'It's difficult to be constructive' on the market outlook when owners are not yet willing to send their ships to...
UK hopes to lead the autonomous shipping pack The UK remains a pre-eminent location for legal and insurance services related to maritime. A recent UK government consultation may...
Swedish Club opts for double-digit general increase Big hike needed in wake of twin pressures of pandemic and record pool claims, combined with hull & machinery exposure...
Marine insurance: You'll be paying more All main marine classes will likely get more expensive in 2022, with P&I leading the way
Structural shift in seaborne trade as developing economies' deficit widens The volume of global maritime trade dropped 3.8% in 2020 to 10.6bn tonnes as the pandemic weighed on economies, disrupted...
Containers: Box bounty bounces into 2022 Freight rates may have peaked for now, and there are some signs of supply chains easing, though the disruption is...
Daily Briefing EU members fear contentious fuel limits could drive shipping away | Brussels makes case for fuel regulation | Supply chain...
US containerised imports continue to surge as exports languish Import demand is creating problems for US exporters, as container lines see more profit in returning empty containers to Asia
Malaysia arrests tugs towing tanker linked to North Korea trade The Vietnamese tanker was probed by the UN Security Council for illicit shipping practices involving sanctioned oil trade to North...
Jacobs sells 20% of XPO, GXO holdings; shares fall sharply Strong selling on Friday follows the disclosure that XPO's founder, and chair of both companies, sold 3.2 million shares in each.
November another record month for Port of Savannah The Port of Savannah handled 6.7% more containers in November compared to a year ago, according to the Georgia Ports Authority.
California intermodal trucker suing Hapag-Lloyd over detention fees California drayage company Orange Avenue Express alleges ocean carrier Hapag-Lloyd is forcing it to act as a storage facility for refrigerated containers.
Seroka: National Guard is 'backup plan' for LA port congestion The container shipping surge shows no signs of letup, but the Southern California ports say they are slowly clearing out the backlogs.
Russia and India sign oil supply deal, see need for stable prices in talks Russia and India signed Dec. 6 new energy cooperation agreements including a contract for Rosneft to ship almost 15 million barrels of crude to the world's third-largest consumer of oil in 2022, according to government and company statements.
TENDER DATA: Taiwan's CPC buys 40,000 mt LSFO for Jan 2022 delivery CPC last imported two 40,000 mt cargoes of similar specifications for delivery in December amid higher winter demand from Shell, S&P Global Platts reported earlier.
December ICE LSGO futures physical delivery totals 122,200 mt Physical delivery against holders of the December ICE low sulfur gasoil futures contract, which expired at midday London time Dec.10, amounted to 1,222 lots, or 122,200 mt, according to ICE data.
OIL FUTURES: Crude edges higher as omicron fears fade, US dollar retreats Crude futures settled higher Dec. 10 on the back of easing omicron concerns and a weaker US dollar.
TENDER DATA: S Korea's S-Oil offers January-loading bitumen cargoes S-Oil's last sell tender for December-loading cargoes was awarded at a discount of approximately $60/mt to the Mean of Platts Singapore 380 CST HSFO assessments on an FOB basis, traders said.
ARA fuel oil stocks fall 8% on week Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region fell 8% week on week to 1.169 million mt on Dec. 9, Insights Global data showed.
ANALYSIS: Cambo's demise an own-goal for UK energy security, transition leadership The demise of the UK's Cambo oil project could well prove a pivotal moment for the country's offshore industry, one that risks the province's future production outlook and the expertise that could contribute to global transition goals.
ARA gasoline stocks rise 26% on week, naphtha down 16.7%: Insights Global The increased length in Northwest Europe, combined with a flattened market structure, has reduced the need for destocking, while exports to the US have declined as the arbitrage remains closed.
BUNKERWORLD: Bunker prices rise in line with crude gains as supplies of VLSFO tighten At Fujairah, stockpiles of heavy distillates including bunker fuels plunged 24.2% for the week ended Dec. 6, the biggest slump in more than three years, according to Fujairah Oil Industry Zone data.
Global CO2 emissions to hit new record in 2022 despite climate efforts: Platts Analytics Globally, coal saw very strong growth in 2021, a trend Platts Analytics expects to continue in 2022, especially in areas where natural gas prices remain high, Klein said.
Singapore delivered, ex-wharf marine fuel 0.5%S bunker differential at 12-week low on tight LSFO stocks The spread was last at $3/mt on Sept. 15, Platts data showed.
SINGAPORE DATA: Residue stocks inch 4% higher on uptick in fuel oil imports The rise in fuel oil imports to 991,165 mt was largely bolstered by increases in shipments from Russia, the Middle East and within Asia, despite declines from Europe and the Americas.
Bunker sales competition to heat up in Shanghai, Guangzhou on new deregulation Industry sources expect more bunker suppliers could get approval to start business at these two ports in the first half of 2022.
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