New York State offshore wind farm gets key permit The New York State Public Service Commission today unanimously voted to grant the Certificate of Environmental Compatibility and Public Need for New York's South Fork Wind Farm. This is the key state
Seanergy Maritime buys two Capesizes for $55 million Glyfada, Greece, headquartered Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) reports that it has entered into agreements with unaffiliated third parties that will see it pay a total of about $55 million to
Thordon Bearings names Scott Groves VP-Sales Thordon Bearings has appointed Scott Groves as Vice President - Sales, with a mandate to "grow profitable sales" and build upon the company's leading position in the global pollution-free bearings and seals
New Zealand port to boost bollard pull capability with Damen ATD 2412 The southernmost deep water port in New Zealand, South Port, has signed a contract with Damen Shipyards Group, covering the delivery of a Damen Azimuth Tractor Tug (ATD) 2412. The vessel will
VIDEO: New dredge under construction for Dare County Dredging was on the agenda at the March 15 meeting of the Board of Commissioners of Dare County, N.C. As well as being presented with a daunting presentation on the intricacies of
MAN unveils low-pressure addition to MAN B&W dual-fuel portfolio In a ceremony live-streamed from its Copenhagen Research Center today, MAN Energy Solutions demonstrated its latest low-speed, dual-fuel engine. Designed for LNG/fuel-oil operation, the new MAN B&W ME-GA type engine, is an
Hornbeck Offshore wins Navy contract worth potential $39.7 million Hornbeck Offshore Operators LLC, Covington, La., has been awarded a $7,510,000 firm-fixed-price contract with reimbursable elements for long-term charter of the U.S. flag offshore support ship, HOS Red Rock, which will provide
Weekly Briefing: Box orders return | BDI hits five month high | Tanker mull peak oil hitting in 2026 The containership orderbook has remained relatively constrained, but with new deals emerging that could be changing. In dry bulk, panamax...
Seanergy pays $55m to add capesize brace The two new deals bring acquisitions so far this year to three for US-listed capesize specialist
Libya crude output could double if peace holds 'The oil company chairman's projections are not crazy. It is do-able, but to be honest, it's beyond his control,' says...
Lawyer denies accused Israeli oil-spill tanker polluted beaches Evidence shows the Syrian-bound tanker was not involved, says lawyer. The tanker was sold to Greece-based Oryx Shipping, according to...
Euroseas sees 'continuing strength' in charter market After more than doubling its money on two recent charter deals, the Greek containership owner eyes bright prospects for five...
We need a grown-up conversation about shipping's hidden heroes Shipping's can-do attitude has kept the world turning over the past year, but seafarers have suffered. Recruitment could suffer as...
NileDutch deal will boost Hapag-Lloyd's Africa presence Hapag-Lloyd has turned its eye to Africa's emerging markets. It believes its acquisition of NileDutch gives a good starting point...
Testing seafarers can be part of pandemic fightback, says consultant Operators should choose testing kits that meet World Health Organisation standards and apply the US Centers for Disease Control and Prevention antigen...
DP World profit drops 29% in 'year like no other' Port operator posts 30% drop in profits for 2020, in 'a year like no other,' but revenues rise on new...
What next for Irish Sea trade? The extension of temporary easements on trade to Northern Ireland has helped boost trade. But it remains hard to sift...
Daily Briefing Free to read: Digital solutions 'must make the value proposition much clearer' | Gasoline demand already peaked as pandemic changes...
New Fortress Energy to convert jack-up for LNG production The company has sanctioned investment in the first of two production jack-ups, known as Fast LNG units. The first such unit...
Florida seaports eye share of Biden's relief bill Florida, which last year appealed to US Congress to allocate funds to aid seaports, estimates its ports have lost more...
Chinese iron ore imports on track for record-breaking year BIMCO's chief shipping analyst Peter Sand expects Chinese iron ore imports to rise to record levels on the back of...
De Poli Shipmanagement says kidnapped crew 'doing well' The Dutch company said that while there is a dialogue proceeding with those holding the 15 crew members, no further...
Amazon's cargo airline begins daily service to Fairbanks, Alaska Sun Country normally flies to sunny destinations. But with Amazon as its cargo customer, it's heading to Fairbanks, Alaska.
Hapag-Lloyd profit skyrockets with 'stellar performance' "2020 has been exceptional, with stellar performance in the industry," says Hapag-Lloyd CFO Mark Frese.
Bargain hunters beware: No time to shop for airfreight deals There's no time for deliberation these days if you want to get high-value cargo shipped by air. It's a strong seller's market in the air...
Crude slides 7% as pandemic risks weigh on demand outlooks Largest single-session slide for front-month Brent, WTI contracts on percentage basis since June.
SAUDI DATA: Crude exports rise again as Saudi Arabia draws on inventories **Supplies to market rose to 9.194 mil b/d in January **Output just below 9.119 million b/d OPEC+ quota
CONTAINER QUARTERLY: Firm global rates expected to continue in Q2 and beyond **Strong rates expected well into second half of 2021 **Expectations for void sailings to protect rates and rebalance schedules
Container line Hapag-Lloyd sees further freight rate rises in 2021 **Shortage of containers persists **Congestion in US should clear end-Q2
PODCAST: IMO 2020, COVID-19 drive turbulence in the fuel oil complex The market for low sulfur fuel oils -- 0.1% S and 0.5% S -- has tightened on the refinery response to COVID-19 while, as a result of IMO 2020, lackluster demand for 3.5%S fuel oilis encouraging shippers to fit scrubbers which could flip fundamentals between the grades in the future.
TFG Marine adds bunker barge at Corpus Christi Expansion includes exclusive ex-pipe delivery of marine fuels at Magellan terminal.
Japan April-September MF 0.5% bunker differentials discussions at similar levels to previous cycle The Japanese bunker market sees sales of around 300,000 mt/month; volumes do not fluctuate much due to barge and terminal loading limitations.
CHINA DATA: Jan-Feb oil product output rises 10.4% on year to 75.9 mil mt **Fuel oil output surges 42.4% across Jan-Feb **Naphtha output rises on seasonal demand
Ammonia projects gain pace as shipping moves to zero emission fuels: Coalition **Number of zero emission projects rise sharply **Number of Asian projects rise from 16 to 31
Weakening Singapore marine fuel spread unlikely to deter Asian refiners: sources A relatively weaker Asian gasoil market has seen some refiners looking to maintain LSFO output in April, after increased spot volumes in March from India, Thailand and Taiwan.
Alaska forecasts increase in crude production, oil industry capital spending Production is expected to increase to about 560,000 b/d by 2030 as a result of planned new projects.
CLEAN TANKER QUARTERLY: Owners await demand upturn driven by vaccines, opening arbitrages Low refinery utilization and rising diesel prices in the US Gulf Coast sunk arbitrage opportunities further into negative returns in early March.
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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