VIDEO: Mayflower Wind plans to build battery-hybrid CTV at Gladding-Hearn Mayflower Wind reports that it has signed an agreement with Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass., for the specification, design, and manufacture of an industry-leading, Jones Act-compliant, hybrid battery diesel-electric crew transfer
Capt. Kate McCue to command Celebrity Cruises' newest, largest and most luxurious ship Celebrity Cruises President and CEO Lisa Lutoff-Perlo today announced that Capt. Kate McCue, the first American female cruise ship captain, will take the helm of Celebrity Beyond, the company's third ship in
On-board carbon capture? Deltamarin says it "looks promising" Turku, Finland, headquartered Deltamarin Group has been looking into on-board carbon capture as a means for ships to reduce their CO2 footprint and it says that "the results look promising." Post-combustion carbon
Offshore wind: Interior plans up to seven new lease sales by 2025 Secretary of the Interior Deb Haaland yesterday outlined the path forward for future offshore wind leasing to meet the Biden administration's goal to deploy 30 gigawatts (GW) of offshore wind energy by
Norwegian offshore players team up to offer one-stop-shop for wind farm development Norway's Solstad Offshore ASA, Aker Solutions ASA and DeepOcean Norway AS and have joined forces to create Windstaller Alliance. The new partnership aims to provide the world's most cost-efficient and complete product
Next-gen simulator to help Singapore develop next-gen skillsets How do you train seafarers who won't necessarily go to sea, but will manage vessels remotely from shore? Singapore's Center of Excellence in Maritime Safety (CEMS) aims to do just that -
Washington State Joint Legislative Audit Review Committee Seeks Bid Submissions NOTICE IS HEREBY GIVEN that electronic bid submissions will be received by the Washington State Joint Legislative Audit and Review Committee. Proposals may be sent to jlarc@leg.wa.gov and must include "JLARC RFP
Gas shortages raise oil demand as floating storage falls Oil demand is forecast to rise by half a million barrels per day as the global gas shortage drives a...
Management shake-up sees Ronald Spithout depart Inmarsat Change afoot at the satellite communications giant as chief executive Rajeev Suri replaces long-serving veteran Ronald Spithout as head of maritime...
Kongsberg and ABS join forces on digitalisation Shipping has seen much digital collaboration over the past 18 months, with this alliance being among the most significant. The...
London levies $75m in supplementary calls as West confirms 15% general increase Lyras blames 'particularly adverse trading conditions and underwriting deficits on its mutual P&I business for the last two policy years...
Capesize futures point to correction as trading volumes jump Steep backwardation into next year could be a sign of an impending correction, although the first quarter tends to be...
Dry bulk rates handed temporary lift from congestion Bulker owners are enjoying 'spectacular' earnings due in part to congestion, with a profitable market expected to continue for a...
Ports at full capacity across northern Europe Most north European ports are suffering from congestion, according to K+N's Seaexplorer, but the situation in the US has been...
Piracy and robbery incidents at sea at lowest since 1994 IMB reported 97 piracy and armed robbery incidents in the nine months to September, the lowest number of any year...
Ammonia is most realistic deepsea fuel, says Höegh chief Looking ahead, methanol and biofuel will be more expensive and shipping will be competing directly with the aviation sector's bigger...
Daily Briefing China on track to marine hull number one slot within a decade | LNG carrier rates skyrocket amid energy demand...
LNG carrier spot rates poised for surge as market tightens Owing to high spot LNG prices, importers in Asia now intend to shun buying LNG at spot rates. They will shift...
Los Angeles port to operate 24/7 to ease congestion, Biden says Leading US retailers, including Walmart and FedEx, have also committed to increasing their round-the-clock operations to help clear the jam...
Tanker earnings to remain under pressure well into 2022 Any increase in oil demand will be met by rising supplies as stock depletes, which will be positive for the...
How fast can LA clear out its ships? A top Biden administration official believes securing data among supply chain competitors will be the key to rolling out a nationwide 24/7 strategy.
Viewpoint: Here's the truth behind the 24/7 port operations pledge Every facet of the supply chain must be participating in an equal fashion in order to successfully complete the 90-day sprint.
House GOP members press Granholm on steps DOE will take on higher energy prices Republicans on the House Energy and Commerce Committee wrote Energy Secretary Jennifer Granholm Oct. 14 to ask what her plan is to prepare for high energy prices and the potential for supply shortages ahead of the winter season.
US crude stocks see larger-than-expected build on rising production, lower refinery demand US crude oil inventory builds extended in the week ended Oct. 8, US Energy Information Administration data showed Oct. 14, amid rising production and a seasonal downturn in refinery demand.
Platts discontinues European LSFO bunker assessments on Oct. 6 S&P Global Platts has discontinued its low sulfur fuel oil 380 CST bunker fuel assessments in Genoa and Piraeus on Oct. 6, 2021.
OIL FUTURES: NYMEX product futures rally on back of US gasoline, distillate draws NYMEX refined product futures pushed higher Oct. 14 on the back of drawdowns in US gasoline and distillate inventories.
US marine fuel 0.5%S near record high on rising distillates market Larger macroeconomic factors that have driven up global distillates markets have pushed marine fuel 0.5%S to near record highs in the US despite relatively steady fundamentals.
Maersk invests in renewable lignin producer Container giant AP Moller-Maersk said Oct. 14 it is investing in Vertoro, a Dutch startup developing liquid lignin technology which can be used as a marine fuel, as it explores avenues to decarbonize its operations.
UK's road fuel sales drop back after panic buying drains pumps The data shows the UK's road fuel sales spiked to double the previous average sales per site on Sept. 24, a day after news broke that a small number of UK pumps had run dry due to a long-running shortage of tanker drivers to restock retail networks
REFINERY NEWS: Japan's Fuji Oil restarts fire-hit secondary unit at Sodegaura Only the unit stopped due to the earthquake, and the sole crude distillation unit has been operating normally and the waterborne and rack shipments of oil products have continued.
Singapore oil terminal hit by COVID-19, limited impact on bunker price: traders Universal Terminal, or UT, located at Jurong Island, is the largest terminal in Singapore, boasting a 2.36 million cu m storage capacity.
Russia says it can supply more oil if needed, as OPEC+ continues to unwind cuts Russia's crude production targets under the OPEC+ accord are 9.809 million b/d in October and 9.913 million b/d in November, though it has regularly pumped in excess of its quota.
Platts launches eWindow instrument for European bunker assessments on Oct 14 Participants in the Platts Market on Close assessment process can submit bids, offers and trades for publication directly through the eWindow communication tool or through an editor, who would then publish the information using the software.
OIL FUTURES Bullish sentiment resumes on the undersupply expectations OPEC did not change its approach to gradually increasing oil output this year, as agreed in its July meeting.
European HSFO confounds expectations with continued strength in 2021 An increased outlet for HSFO comes in the form of sustained demand from the marine fuel sector, despite the International Maritime Organization's sulfur cap reduction for marine fuels.
Sept global refinery throughput falls, erasing Aug gains: IEA September refinery runs, at 77.6 million b/d, were negatively affected by Hurricane Ida, seasonal maintenance and "indications of stagnant Chinese activity."
HONG KONG DATA: Aug fuel oil imports rise 7.3% on year to 3.34 mil barrels A high valuation and prices of FOB Singapore 380 CST HSFO cargo put off imports of the high sulfur grade of fuel into the Hong Kong bunker market, a trader said.
Japan delivered 380 CST high sulfur bunker fuel climbs to 4-month high on low inventories ENEOS' decision to hike its bunker price suggests that delivered bunker fuel premiums at Tokyo Bay will rise in line with this increase, making delivered high sulfur bunker fuel at Tokyo Bay pricier compared with neighboring North Asian ports, a Japan-based trader said.
Oil market could end up in 'unpleasant situation' if output increased too much: UAE's Mazrouei OPEC and allies are scheduled to meet next month to review plans to increase production any more than the already agreed, at 400,000 b/d.
IEA sees faster demand growth, OPEC+ supply could catch up early 2022 The current energy crunch could boost demand by 500,000 b/d compared with normal conditions through to the first quarter of 2022, the IEA said.
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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