Wärtsilä and Solvang to retrofit vessel with carbon capture solution Wärtsilä Exhaust Treatment and Norwegian ship operator Solvang have agreed to carry out a full-scale pilot of a carbon capture and storage (CCS) system retrofit installation on Solvang's 21,000-cubic-meter ethylene carrier, Clipper
FERRIES 2021: Pace Ralli to speak on first zero-carbon, hydrogen fuel cell ferry Speakers at Marine Log's upcoming FERRIES 2021 will include Pace Ralli, founder and CEO of SWITCH Maritime. On November 10, the second day of the conference, he will speak on the first
Yanmar completes high-pressure hydrogen refueling test Using a demonstration test boat equipped with a hydrogen fuel cell, Yanmar Power Technology (YPT) has conducted the world's first 70 MPa (over 10,000 psi) high-pressure hydrogen refueling of a vessel. The
Singapore brings bribery charges against bunker trader and bunker fuel supplier The Singapore Corrupt Practices Investigation Bureau reports that yesterday two men were charged in court for allegedly obtaining and giving gratifications in relation to the trading and supplying of bunker fuel. The
OMSA forms new Workforce Development Committee The Offshore Marine Service Association (OMSA) has announced the formation of the OMSA Workforce Development Committee and requested that its members nominate professionals to the committee. Like much of the international maritime
SWITCH Maritime and Pasha line up clean fuel supply chains West Coast Clean Fuels LLC (WCCF) reports that it has executed delivery service agreements to develop, permit, manage and operate the end-to-end clean fuel supply chains for two first-of-their-kind, decarbonized maritime operations--one
FuelEU rules open to abuse, say EU shipowners Existing proposals create 'substantial loopholes and ultimately an enforcement minefield', says the European Community Shipowners' Associations
Greece urges 'immediate' EU action on greener shipping research Greece sets out its proposals for the green transition of the maritime sector to Brussels, underlining the need to find...
Weekly Briefing: Box grinch forewarns festive relief | Tankers mull scale while gas burns bright | Dry bulk slides Maersk rerouting a single containership away from Felixstowe was enough to resurrect the Christmas cancellation headlines - it's just not...
This week in supply chain chaos Freight rate volatility, the energy price crunch, and congestion adds to hot markets on niche trades
Zim adds to asset-light approach with four boxship buys Sales reflect buy-at-any-price philosophy of container lines as high charter rates make it cheaper to own
Chaotic container freight market pushes out low-value cargo Commodity products are no longer viable to ship on the spot market. K+N reduces volumes as it focuses on high-yielding...
Capesizes near $60,000 per day as miners adjust iron ore output The market for the largest sized bulk carriers inched up after briefly dipping below $60,000 per day in the previous...
P&I club general increases 'unnecessary,' says Marsh Cracknell brands GIs 'an anachronism in the modern world' that may result in more owners looking to switch club
China Merchants launches commodity shipping platform The move is part of efforts by China Merchants Group to create an industry ecosystem that will adapt to growing...
Supply chain recovery fades further into the future The pandemic exposed weaknesses in global supply chains. Getting cargo flowing again will not be simple, and will require luck...
Cutting emissions will lead to fewer voyages, says study A report by the International Renewable Energy Agency says reducing shipping activity, through optimisation and changes in consumer demand, is...
Tanker newbuilding orders up 12% Numbers dispel perception that levels have been low even as containership orders gain 780% on 2020 level
Diana creates spin-off company for older vessels Diana, which is injecting $1m into the new entity, will issue a cash dividend of $0.10 per share in connection...
Daily Briefing Hundreds of boxships held up by port delays | LNG carrier rates top $260,000 daily as arbitrage profits exceed $100m...
United Airlines makes more cargo revenue with less cargo It's an upside-down world when an airline makes more money flying less cargo than it did two years ago.
Supply chain logjams hobbling smaller shippers Lawmakers hear testimony on how smaller shippers are disproportionately hurt by supply chain disruptions.
Record cargo volumes flowing through Southern California ports despite congestion The Port of Los Angeles had its busiest September ever, while Long Beach had its second busiest.
Alliance Ground acquires cargo handler at Chicago O'Hare airport Two logistics companies at Chicago O'Hare airport are combining as congestion continues to slow freight deliveries.
$22B worth of cargo is now stuck on container ships off California California port congestion is as bad as ever. Some imports have been stranded offshore for over a month.
Amazon, Ikea commit to zero-carbon shipping fuels by 2040 Several large retailers are pledging that in less than 20 years, they will ship goods across the ocean without emitting greenhouse gases. Some environmental groups...
Rotterdam Hi-5 barge spread makes U-turn as it widens to 3-month high Europe 0.5%S marine fuel market seeing strength from expectations of tightening supply.
Crude rally extends as surprise US inventory draw tightens supply outlooks Draw runs counter to market expectations of a continued build.
Maersk CEO welcomes industry pledge to use only zero carbon fuels by 2040 Leading cargo owners such as Amazon, Unilever and IKEA teamed up with the Aspen Institute to publicly announce a signed ambition statement.
OPEC+ 'limited' in its ability to mitigate rising oil prices: Saudi energy minister Dated Brent prices have more than doubled in the last year, with S&P Global Platts assessing the benchmark at $85.03/b on Oct. 19.
Goldman's Currie sees 'lot of upside risk' to year-end $90/b Brent price call At the end of September, Currie said Goldman estimated that the global oil market was undersupplied by about 4.5 million b/d, or 5% of global demand, as economies bounced back from the pandemic.
European VLSFO hits record high amid tight supplies, firming marine gasoil The gas shortages seen in Europe have pushed up crude oil prices, as customers scramble to secure alternative fuel sources ahead of the winter heating season.
Wartsila, Solvang to develop onboard shipping CCS technology S&P Global Platts Analytics estimates that scrubbers and 3.5% fuel oil accounted for about 15% of global bunker demand in 2020, with this share likely to grow to about 28% in 2030, before easing off to about 26% in 2040.
Platts to amend volumes for Houston, New Orleans bunkers assessments Platts will change the volume range for Marine Fuel 0.5%S and IFO 380 to 500 to 750 mt on both ex-wharf and delivered basis. The current range is 250 to 1,000 mt on an ex-wharf basis and 250 to 500 mt on a delivered basis.
Platts to update publication of Petrobras bunkers posted prices Beginning Oct. 5, Petrobras began only publishing a single value.
JAPAN DATA: Oil product exports fall 36.8% on week to 2.66 mil barrels High sulfur fuel oil exports slid 24.3% from the previous week to 289,403 barrels in the week to Oct. 16, while low sulfur fuel oil exports rose 13% on the week to 775,714 barrels.
Bunker fuel supply tightens at Tokyo Bay as ENEOS halts sales until end-Oct Inventories at Tokyo Bay have been low over the past two weeks for both high and low sulfur fuel oil; especially so for the IMO-compliant Marine Fuel 0.5%S bunker as refineries have shifted to producing gasoil given the stronger margins for the middle distillate.
FUJAIRAH DATA: Oil product stocks rebound as middle distillates soar 36% Heavy distillates used for power generation and marine bunkers climbed 9.4% to 7.751 million barrels, a two-week high.
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