Leading cargo owners commit to "zero by 2040" target Amazon, Ikea and Unilever are among a group of leading cargo owners that have committed to progressively switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040. Along
Bollinger celebrates commissioning of FRC 45 Representatives from Bollinger Shipyards LLC joined senior U.S. Coast Guard officials at USCG Sector Delaware Bay in Philadelphia, Pa., October 15, for the commissioning of one of the newest Sentinel-class Fast Response
MAN could get contract for ammonia-fueled engine by 2023 MAN Energy Solutions has signed a Memorandum of Understanding (MoU) with Mitsui E&S Machinery Co., Ltd. (MES-M) and Mitsui O.S.K. Lines (MOL). The MOU will see MAN keep the two Japanese companies
VIDEO: BC Ferries' latest battery hybrid starts long-haul delivery voyage The latest Island Class battery hybrid ferry to join the BC Ferries fleet is set to give its battery capabilities an endurance test. The ferry, which departed Damen's Galati, Romania, shipyard at
Port of Green Bay reports a solid September September proved to be another good month for cargo shipments into and out of the Port of Green Bay, Wis. Nearly 244,000 tons of cargo moved through the port last month bringing
AWO's Carpenter: 4 steps to speed up U.S. offshore wind fleet development Addressing an audience of offshore wind industry stakeholders last week, Jennifer Carpenter, president and CEO of the American Waterways Operators (AWO), said that the U.S domestic maritime industry is "ready, willing, and
Amazon and Ikea aim for zero-emission shipping by 2040 Nine companies have committed to zero-emissions shipping by 2040, in the most significant pledge yet by cargo owners toward decarbonising...
Signs of life for medium range tanker Atlantic rates Gasoline exports and global demand still below pre-pandemic levels the preliminary August data from Joint Organisation Data Initiative shows
Intercargo urges pragmatism to ease crew-change crisis Travel restrictions, shortage and frequent cancellation of flights, and stricter crew-change requirements in some ports continue to create problems for...
Lloyd's Register's iconic London HQ up for sale Class society Lloyd's Register is considering offers in excess of £160m for its Richard Rogers-designed, purpose-built headquarters in the City...
Cold chain faces inescapable capacity constraints Reefer freight rates have risen less dramatically than those for dry cargo. But equipment shortages, a lack of vessel capacity...
LNG carrier rates top $260,000 per day as arbitrage profits exceed $100m Traders take sky-high profits as arbitrage extends to $124m for US-loaded LNG cargo sailing to Japan
Hundreds of boxships held up by widespread port delays Containerships of all sizes are suffering from severely disrupted sailing schedules as demand continues to overwhelm ports that are unable...
How has shipping changed after 25 years of digitalisation? Development in the digital space has been rapid: it's accepted in unlikely places. The need now is standardisation of infrastructure...
South Carolina ports elects new chief as Newsome steps down Mr Newsome is being replaced by current chief operating officer Barbara Melvin, the first female to hold the top spot
Gulf Coast ports see growth in September amid congested supply chains Port volumes across the Gulf Coast were boosted in September by exports of petroleum and steel and imports of refrigerated cargo.
Airbus to expand freighter conversion lines to US, China The Airbus A321 and the A330 are the new kids on the block in converting passenger planes to cargo, in a sector dominated so far...
1st woman tapped to lead South Carolina Ports Barbara Melvin will succeed Jim Newsome at the helm of South Carolina Ports next summer and will become the first woman to lead a top-10...
UK gives nod to CCS, hydrogen projects, infuriating Scottish leadership The UK government on Oct. 19 unveiled financial backing for two carbon capture and storage projects intended to curb emissions from North of England industrial facilities, but infuriated Scottish authorities by sidelining the long-standing Acorn carbon capture project seen as promising a greener future for the North Sea industry.
TENDER DATA: Petroecuador sells 2.85 million barrels fuel oil No. 6 to Petrochina Petroecuador last awarded a tender offering 950,000 barrels of fuel oil No. 6 to Trafigura at a $2.59/b discount to Platts US Gulf Coast high sulfur fuel oil assessments.
OIL FUTURES: Crude rally extends as global energy crunch tightens fundamental outlooks Crude oil futures settled higher Oct. 19 as the global energy crunch pressured supply outlooks.
Russia's St. Petersburg oil terminal handles more heavy products in Jan-Sep St. Petersburg oil terminal is one of the main exporting outlets for Russia's fuel oil, with fuel oil arriving via rivers during the summer months.
DUTCH DATA: Jan-Sep oil product throughput at Rotterdam up, boosted by fuel oil, gasoil, naphtha Russian imports of fuel oil rose due to higher production and exports from Russia.
OIL FUTURES: Crude rises amid continuing global under-supply There was some selling interest Oct. 18 following the publication earlier that day of weaker economic data from China and figures showing declining crude oil processing in the country.
Celsius orders four 'ultra-eco' LNG carriers, to be chartered by Gunvor subsidiary The vessels' highly efficient design minimizes CO2 emissions and methane slip from operations via installation of air lubrication, optimization of hull shape and use of the best available paint system to reduce the vessels' friction in water, the company said.
CHINA DATA: Sep oil product exports jump 28% on month, leave less quota for Q4 Market sources expected Chinese oil companies would suspend exporting gasoline and gasoil in November and December following a month-on-month reduction in October due to tight supply in the domestic market, while export quotas were running out.
VIETNAM DATA: September oil product imports fall 34% on year to 294,549 mt South Korea remained the largest supplier of oil products in the month, followed by Malaysia, China, Singapore and Thailand.
Biofuel groups raise hand as US looks to boost competitiveness of clean energy exports The US is the world's largest producer of ethanol, accounting for more than 50% of global output. And with China, Canada and India mulling the use of higher blends of ethanol, market opportunities for US ethanol are growing as more countries look for ways to meet climate goals and decarbonize their transportation sectors.
South Korea finalizes 2050 carbon neutrality roadmaps "Several coal-fired power plants will be transformed into LNG-based ones," the official said.
Ex-wharf offers at Zhoushan for Marine Fuel 0.5%S surge above delivered prices "Even at $4/mt, we are making a loss as the barging spread at Zhoushan is usually bad," a source said.
Fujairah delivered MF 0.5%S bunker differential versus HSFO at near 7-month high According to sources, the strong demand for Fujairah-delivered marine fuel 0.5%S since October was "quite unprecedented" after a tepid month of bunker sales in September.
South Korea's LSFO imports rising on utilities' shift from LNG Korea East-West Power has bought 100,000 mt of October-loading LSFO with maximum 0.3% sulfur for its Ulsan power plant.
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