Maritime training transforms during the era of COVID-19 It's been almost one year since the deadly pandemic known as COVID-19 started spreading across the globe and companies are still feeling its effects and will perhaps for years to come. In
Zabrocky says Shell agreement "puts Seaways on our future path" In an earnings call with analysts, March 12, Lois Zabrocky, president and CEO of New York City headquartered tanker giant International Seaways, Inc. (NYSE:INSW) said that the company's agreement to build three
Halliburton to convert veteran RO/RO for greener operations A RO/RO combination carrier chartered in by Halliburton subsidiary Halliburton AS is to be retrofitted to operate as an LNG dual fuel vessel and will also get a shore power upgrade. The
C-Job Naval Architects launches customizable TSHD series Aiming to fill the gap between standard designs and fully customized vessels, Netherlands-headquartered C-Job Naval Architects is launching an in-house developed series of trailing suction hopper dredge (TSHD) designs. The C-Job TSHD
Scrubbers and eco specs helping VLCCs avoid negative earnings Middle East Gulf VLCC loadings for March set to be the lowest on record, shipbroker says
Cargo underwriters providing free trade credit cover, ruling shows 'Insurers say, we don't even do that type of insurance. The judge said, that's what the clause says, so that's...
InterManager to draft quality standard for growing membership The pervading mentality in third-party shipmanagement has been 'competition at all cost'. This has harmed the sector in the eyes...
Oil companies expand LNG marine fuel availability The developments in the key shipping hubs within the Mediterranean and Asia come as acceptance of the fossil fuel as...
Emissions levy proposal is a major turning point for shipping Industry groups are welcoming the call for a market-based measure to be imposed on shipping, but are not committing to...
Antipiracy programmes fail to learn from past mistakes Professor Christian Bueger says capacity-building programmes meant to help African states better fight piracy too often fail for the same...
Commercial interest makes 'just in time' arrivals a tough sell The new clause encourages stakeholders to share information that reveals performance at sea and in port. But some are yet...
Sovcomflot to spend $4.4bn on LNG newbuildings by 2025 Company reported net profit gain of 18.4% in 2020, while revenue was 22% higher year on year
Double-digit fuel savings claimed from analysis of coatings performance Hempel's flagship vessel hull coating is already claimed to have cut fuel consumption by 7.6m tonnes and CO2 emissions by 23.5m...
Extending crews' senses with automation Smart autonomous solutions are already solving shipping challenges such as decarbonisation, overcapacity, safety, and human error
Daily Briefing Free to read: Not all countries should be in the flagging business | Israel's 'secret attacks' on Iran's tankers not a...
Excelerate agrees LNG terminal study with ExxonMobil in Albania Albania looks at liquefied natural gas as a possible energy source to augment hydropower drawn from its vast river systems
Tankers will benefit from India's aim to diversify crude oil imports The country's move to diversify its sources of crude oil to meet growing demand indicates growing trade flows to the country...
Woodside delivers first carbon offset cargo 'We are developing this [carbon offset] offering for other oil products for our customers around the world,' said Trafigura's head...
US, German airports join forces to boost cargo connection Chicago Rockford and Cologne Bonn airports operate under the shadow of Chicago O'Hare and Frankfurt airports. But they are rising stars in the cargo arena...
FreightWaves Flashback: Deborah Dempsey charts a course as pioneering female mariner As part of Women's History Month, FreightWaves spotlights the first American woman to make it to the top at sea.
Repsol says carries out first carbon-compensated LNG bunker operation Company says move "offers ship owners the possibility of making their commercial routes more efficient and environmentally friendly."
REFINERY NEWS ROUNDUP: European companies report lower 2020 runs, margins Italian refinery production last year fell 15.5% at 60.6 million mt, according to data from industry group Unione Energie per la Mobilita.
Sovcomflot bullish on tanker supply balance despite sluggish scrapping rate **Increased OPEC, US output to bolster tanker demand **Sovcomflot advocates LNG for IMO 2030 goals, vague on 2050 goals
AMERICAS BUNKERS: Key market indicators March 15-19 **Panama sees Cristobal supplier pool expand **West Coast ports track Asian segments
Libya forms new oil ministry as NOC eyes releasing revenues **Oil sector seen rebounding with new government
Europe and Africa residual fuel -- key market indicators this week **Demand from the East weakened, following initial strength from Asian utility demand, which later shifted into bunker demand.
Loading resumes at Russia's Black Sea port of Novorossiisk after stormy weather There are some delays to the timetable.
Neste homes in on Rotterdam as site of new renewable products refinery **Rotterdam is more cost effective, Porvoo is more complex **Eyes 4.5 mil mt/year renewables capacity by Q1 2023
Asia residual fuel - Key market indicators this week Rising seasonal demand for high sulfur fuel oil from South Asia to meet increasing power generation demand remains a ray of hope for refiners
Pakistan's fuel oil exports to fall as peak summer season approaches: analysts **Fuel oil demand witnessed a 36% growth in the 2020-2021 fiscal year.
Poor earnings prompt VLCCs to cut costs by idling, slow steaming **Earnings in negative territory for most ships **Lay-ups not an ideal option currently
Australia's Woodside, Trafigura trade world's first carbon offset condensate cargo **Trafigura working with the vessel owner to minimize emissions associated with transporting cargo
Uniper becomes partner in green bunker fuel company Liquid Wind **Shipping facing pressing investment decisions to decarbonize **Uniper will be second largest investor in Liquid Wind
SINGAPORE DATA: Feb bunker sales rise 6% on year, fall 9% from Jan **High sulfur bunker sales, which accounted for 24.32% of total, lifts February sales volume
Logistics, re-supply issues contribute to widening New Orleans-Houston spread on spot bunkers **'Heavy congestion' seen for New Orleans in next 10 days **Differences increase after falling in January, February
TANKERS: International Seaways orders three dual-fuel VLCCs to achieve ESG goals **Three LNG-powered VLCCs to be built through partnership with Shell **Half of Shell's time-chartered ships to be powered by dual-fuel LNG a
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