Bollinger buys Gulf Island's shipyard division for $28.6 million Gulf Island Fabrication Inc. (NASDAQ: GIFI) today reported that it has sold the assets of its Shipyard Division along with certain long-term vessel construction contracts to Bollinger Shipyards LLC for approximately $28.6
SEACOR Power: USCG suspends search A fifth body of a SEACOR Power crewmember was recovered Sunday, bringing the total number of fatalities in the capsize of the lift boat to five. Six people have been saved. Eight
VIDEO: Crowley designs electric tug with autonomous capabilities Crowley Engineering Services has completed the design of the first fully electric U.S. tugboat with autonomous technology - providing operators a sustainable and high-performing solution for ship assist and harbor services in
World Bank: Limited role for LNG in shipping decarbonization One of two reports on decarbonizing shipping published last week by the World Bank sees LNG as "likely to play a limited role" in decarbonizing the sector and recommends that countries should
Shane Guidry ups his personal stake in Harvey Gulf New Orleans, La., headquartered Harvey Gulf International Marine announced that CEO and Chairman of the Board Shane Guidry has formed a private holding company and purchased approximately 831,000 shares of common stock
Methanol fuel cell project gets under way at Alfa Laval The Alfa Laval Test & Training Center in Aalborg, Denmark, is constructing an innovative fuel cell system that will be used to test high-temperature proton exchange membrane (HTPEM) technology developed by methanol
Italian owners join push to shape EU emissions measure An effort spearheaded by Greek and Swedish owners to make commercial operators pay for the EU's CO2 measure has received...
Oil tanker demand 'to contract by most in 11 years' Quarterly forecast from Norwegian investment bank Cleaves Securities cites significant 2022 gains
Carriers set to benefit well into next year Box shipping is benefiting from high demand and constrained supply. But even if consumer spending patterns revert to type, the...
Iran's 'rogue armada' of sanctions-skirting tankers revealed Ships are not part of Iran's state-owned fleet but performing the same role, says non-government organisation, noting vessel numbers rose...
Ports at the heart of the UK's economic green recovery The need to build a greener economy has never been clearer, and ports have a critical role to play in...
Castor continues spending spree with third tanker Acquisition is Castor's 10th since the start of 2021 and promises to bring its fleet to 16 vessels
Singapore launches real-time vessel information platform The platform provides shipping agents with estimates for times of unberthing and departure of vessels, which can shorten port stays...
Bulker ordering interest shows signs of recovery There are newbuild deals bubbling under the surface, according to a Hong Kong-based broker, with momentum fuelled by a cooling...
Evergreen blocked from offloading cargo from Ever Given Cargo owners had hoped efforts to separate cargo and vessel would have allowed containers to be transhipped to other vessels...
Rejecting LNG as a marine fuel 'is not yet feasible' Shipping cannot afford to wait for a perfect solution to address climate change issues and meet emission targets, says BHP...
Daily Briefing Free to read: World Bank calls for curbs on LNG bunkering | Korea is backing HMM order splurge | Iranian sanctions...
Federal Maritime Commission further deregulates service contracts U.S. maritime regulators are giving ocean carriers and shippers more flexibility to meet contract filing requirements.
Shipping bulls are back: First container stocks, now dry bulk Dry bulk shipping rates are now double to triple five-year averages. Stock prices of dry bulk owners are on the ascent.
Search ends for Seacor Power crew Eight missing crew members of a Seacor Marine lift boat are presumed dead.
Hong Kong relaxes COVID rules for cargo pilots Hong Kong has finally made it easier for certain airlines to operate by easing some COVID restrictions for pilots. Cargo operators will benefit the most.
FreightWaves Flashback: Customs to X-ray your pallet 1992: U.S. Customs is contracting with a Massachusetts-based company to design and construct an X-ray unit that can examine the cargo inside a standard container...
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week Rotterdam 0.5%S Marine Fuel FOB barges finished the week to be assessed at $472/mt on April 16 up from $447.75/mt in the previous week.
Brazil's Petrobras to maintain diesel, gasoline prices at import parity: New CEO Petrobras will maintain its policy of keeping domestic refined product prices at parity with international prices, while also looking to reduce volatility for consumers, new CEO Joaquim Silva e Luna said April 19.
EMEA middle distillates: Key market indicators European middle distillate stocks have fallen amid a narrower contango, even as traders report weak demand in the region.
Danish center tests methanol-powered fuel cell system for auxiliary ship engines Denmark's Alfa Laval Test & Training Centre is testing a fuel cell system running on methanol as the maritime industry explores a range of fuels to meet climate goals.
OIL FUTURES: Crude edges higher amid weaker dollar, strong US demand outlooks Crude oil futures finished a volatile session slightly higher April 19 on the back of a weaker dollar and strong US demand outlooks, but surging regional COVID-19 outbreaks added headwinds to global demand recovery outlooks.
SDG&E, Dominion starting hydrogen pilot programs to help reach net-zero emissions US utilities are moving ahead with hydrogen pilot programs as part of their push toward net-zero emissions, with San Diego Gas & Electric and Dominion Energy April 19 providing details about projects to blend hydrogen into natural gas distribution systems, along with other applications.
Marine fuel stakeholders to develop ammonia handling guidance amid calls for clarity **Up to policy makers to create level playing field for new fuels: sources **Ammonia may cost $650-850 in 2025: Korean Register of Shipping
Saudi crude stock draws continue, exports fall due to production cut **Supplies to market fell to 8.241 million b/d in February **Output 8.15 b/d, following OPEC quota and voluntary cut **Closing stocks lowest since at least January 2002
AMERICAS BUNKERS: Key market indicators April 19-23 **Americas' spot bunker markets see widespread increases supported by global markers **High sulfur bunker fuel jumps in Panama to October 2019 levels **Demand weakness in Houston
Guarantees of origin to ensure Norwegian hydrogen fueling is renewable: Hynion **Certified renewables to be used at Oslo station **H2 Trucks projects aims for 100 vehicles by 2025 **Implenia, Teco in construction site agreement
USGC middle distillate shipments to Europe at 80,000 mt in April: cFlow The European ULSD market remains heavy as a third wave of lockdowns have reduced mobility in several countries while refinery run rates remained unclear.
World Bank sees potential for developing countries to become green bunker hubs **Cost advantage will be key, carbon price is firming **New Asian, South American hubs could emerge
HSVGO storage in Northwest Europe becomes less workable amid weak distillates demand **Lack of HSVGO storage space in ARA: traders **Weak European distillate demand carrying through to VGO
Asia residual fuel market: Key market indicators this week Stagnating demand in the Singapore low sulfur fuel oil market is not expected to ease in the April 19-23 week, according to bunker suppliers.
JAPAN DATA: Feb bonded bunker fuel oil sales jump 15.6% on year **Feb bunker sales fall 8.2% from Jan **Bunker supply remains tight in Feb
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