VIDEO: Washington State Ferries moves ahead on ferry electrification This week, after months of citizen suggestions and public input, the Washington State Transportation Commission voted 7-0 to select Wishkah as the name for the state's next new 144-car hybrid-electric ferry, which
VIDEO: MOL to trial computer vision to support watchkeeping A key factor in ensuring safe vessel operation is watchkeeping by seafarers. However, some objects such as fishing boats, buoys and debris, may not be detected by currently available systems such as
Langh Tech looks to capture CO2 using existing scrubbers On board carbon capture and storage (CCS) as a means of reducing ships' CO2 emissions is rapidly moving out of the "what if?" category, with exhaust gas scrubbers emerging as an answer
Crowley all-electric tug eWolf starts construction Master Boat Builders has begun construction of Crowley's eWolf, the first all-electric ship assist tug in the U.S., at its shipyard in Coden, Ala. "Initiating construction of the first-ever fully electric U.S.
Best Vessels: Distinctive deliveries of 2021 SSG Michael H. Ollis: First of three new Staten Island Ferries Built by Eastern Shipbuilding Group, the 320 foot long by 70 foot beam SSG Michael H. Ollis is the lead ship
Inland Waterways: Celebrating a once-in-a-generation success By Tracy Zea, President/CEO, Waterways Council Inc. After months of negotiations and high political drama, late on the night of November 5, the House of Representatives passed the Senate-passed infrastructure bill (H.R.
WinGD opens new Global Test Center With R&D coming into sharp focus as part of the strategy to help ships reach IMO's 2050 decarbonization target, Swiss-based marine engine developer WinGD has opened a new Global Test Center in
Marine insurers get their own Poseidon Principles Since they were launched in June 2019 as a framework for assessing and disclosing the climate alignment of financial institutions' shipping portfolios, the Poseidon Principles are increasingly influencing what kind of maritime
The future of shipping: Tristan Smith 'The target shipping needs to hit in 2030 is about 5% of the fuel mix being zero-emission fuel. If we...
The Lloyd's List Podcast: 10 predictions for 2022 In the final edition of the podcast for 2021, the Lloyd's List editorial team take a look forward to 2022...
The future of shipping: Steen Lund 'It is important to have some lighthouses who can have the bandwidth to invent, who have the financial muscle and...
The future of shipping: Rajesh Unni 'I think it is clear that we will have to reinvent the business and the operating models in shipping -...
Navios had 'no alternative' to Frangou bail-out Executives paint stark picture of the dilemma facing Navios' mother company prior to new financing but are optimistic about the...
The future of shipping: Michael Parker 'There's no choice now, and it's not just a question for the coalition of the willing. If you're not a...
The future of shipping: Karrie Trauth 'We need anywhere from $1 trillion to $1.4 trillion of investment to decarbonise the shipping industry and 80%-90% of that...
The future of shipping: Jan Dieleman 'There are some tough decisions to be made, but I think the reality is the old business models that we...
The future of shipping: Hugo De Stoop 'We need to get closer to our customers and co-operate on making this industry more efficient. Because there's so much...
The future of shipping: Christian M. Ingerslev 'We need to stop worrying about what slice of the pie we get in this great opportunity and be open...
The future of shipping: Bo Cerup-Simonsen "We are at an inflection point. First mover activities are going to inform and inspire the rest of the industry...
The future of shipping: Andrew Forrest 'The shipping industry itself has set itself a pretty mealy-mouthed target of 5% by 2030. I think that 15% is...
The future of shipping: Andreas Sohman Pao 'Having a fully decarbonised fleet by 2050 is possible, but the blockers, which I think we all recognise, are that...
The future of shipping: Alexander Saverys 'I don't think anybody today anyone can afford not to invest in some kind of future-proofed ship. Either you wait...
Shipping can deliver the goods despite Omicron However Omicron pans out in the weeks and months ahead, there are a wealth of lessons already painfully learned
Why shipping is about to get bigger, less opaque and more expensive The twin tectonic shifts of digitalisation and decarbonisation will require the next generation of shipping leaders to rewrite the rulebook...
Karin Høj salvage starts as British collision suspect remanded in custody Salvors are preparing to search and salvage the wreck of the hopper barge Karin Høj, capsized in the December 13...
China's online vessel-trading platforms report a record year Chinese shipping exchanges with online auction platforms are growing fast but their prospects are unclear. Critics argue that open auctions...
Global coal use expected to continue to climb to new record The International Energy Agency says that the use of coal in electricity production is projected to soar by 9% in...
Between the lines: Lower demand pressure had little impact on box carrier reliability The latest global schedule reliability data shows carriers arriving 'on-time' with around one in three vessels, as the seasonal decline...
K Line to offload OSV fleet The Norwegian offshore unit is due to be disbanded in the first half of the fiscal year ending March 2023
Daily Briefing Fresh records set for boxship charter rates steer owners to greater 2022 profits | Fears growing over risks to supply...
Forwarders face risks from flirting with shipping With freight rates still high and capacity tight, there is money to be made in getting into box shipping, even...
Latin American freight forwarder Nowports secures $60 million in funding The logistics startup has wrapped up its series B funding round.
Escape from LA: More container business flees to East Coast Carriers and shippers are turning to East Coast ports as Los Angeles/Long Beach remains mired in congestion.
White House to ocean carriers: Take more ag exports ... or else The White House is asking carriers to play nice with exporters, but next year Congress may give it a hammer to use if shipping practices...
HIDA: Millions of critical medical supplies delayed at congested ports The Health Industry Distributors Association said that between 8,000 to 12,000 containers filled with millions of critical medical supplies are delayed.
In the shadow of LA congestion, Port Hueneme becomes cargo magnet Port Hueneme is an example of a niche port that is attracting more container shipments because of bottlenecks at big seaports.
OIL FUTURES: Crude retreats as market eye omicron surge, stronger dollar Crude prices moved lower Dec. 17 as a stronger US dollar and the fast-spreading omicron coronavirus variant put a dent in near-term outlooks.
Far East Russian crude oil sentiment lukewarm as Brent-Dubai EFS narrows Premiums for February loading barrels of Far East Russian crude could face headwinds as benchmark Dubai's discount to Brent futures narrows and concerns over resurgences in COVID-19 infections have dampened the sentiment, market sources told S&P Global Platts in the week to Dec. 17.
Terpel to start offering bunkering services by barge in Panama Terpel will begin to offer bunkering services in Panama through barging, according to a notice to clients.
Poseidon Principles may move beyond IMO climate targets in 2022: official The Poseidon Principles Association, a group of credit providers accounting for almost half of the global shipping finance, will likely upgrade its climate targets in Q1 2022, without waiting for direction from International Maritime Organization, a senior figure in the group said.
Lukoil sees OPEC+ continuing current production policy The OPEC+ group is next scheduled to discuss market conditions and output volumes at a ministerial meeting on Jan. 4.
ARA fuel oil stocks fall 7% on week In bunker markets, demand across ARA ports remained steady on the week, with prices consistent for all grades. While some tightness was reported on all grades of fuel oil in Rotterdam, this was not the case for all suppliers.
BP, Maersk Tankers complete biofuel trials amid rising demand Biofuel remains an expensive option. European biodiesel prices have risen in 2021 due to tight stocks, high feedstock costs and rising demand as increasing European blending mandates stimulate buying interest.
BUNKERWORLD INDEX: Bunker prices rise on hawkish monetary policy, pockets of tightness *Biodiesel 96% more expensive than VLSFO: Platts *Mounting demand for product *Shipping targeting a range of alternative fuels
OIL FUTURES: Crude dives as omicron uncertainty drags on The omicron coronavirus variant is advancing rapidly across Europe and worldwide and an increasing number of countries are introducing restrictions limiting internal and external movements.
China awards fuel oil import licenses to 91 firms, including independent refineries A bunker trader with a state-owned oil company said: "We don't expect a significant increase in bunker fuel oil imports, despite the number of fuel oil import quota holders doubling, because the size of the market is fixed."
SINGAPORE DATA: Bitumen exports rise 4.36% on week on rise in shipments to Southeast Asia Despite the increases within Southeast Asia, exports to China fell 27.37% to 15,844 mt, with Singapore-based traders saying that with the onset of winter, demand is gradually falling.
South Korea's delivered 0.5%S bunker premium drops to 7-week low on oversupply Bunker traders said South Korea's bunker supply is increasing on the back of weak demand for asphalt.
Fujairah Dec ex-wharf 380 CST high sulfur bunker fuel premiums conclude lower than Nov The growing pool of bunker suppliers in recent months has intensified competition as the latest entrants were heard offering delivered HSFO bunkers at aggressive rates to wrestle market share, according to market sources.
SINGAPORE DATA: Residue stocks inch up 1.4% on week amid declines in fuel oil exports, imports The slight uptick in stocks came despite a 36% fall in fuel oil imports to 633,782 mt over the same period, with inflows from Russia and Africa falling to zero and from Europe halving to 49,751 mt, all of it from Greece.
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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