Message to ocean carriers: Act on U.S. agriculture exports or face FMC action Two Biden administration cabinet members, Secretary of Transportation Pete Buttigieg and Secretary of Agriculture Tom Vilsack, have written leading ocean carriers. They urge them to help mitigate disruptions to agricultural shippers of
Electrifying Toronto airport ferry yields big GHG savings Following a 20-week refit, the Marilyn Bell I ferry, which connects passengers, vehicles and supplies to Billy Bishop Toronto City Airport, is now the first fully-electric ferry in Canada. It is powered
First fully-electric U.S. towboats set for 2025 availability Houston-headquartered Industrial Service Solutions (ISS) reports that the first four fully-electric towboats to be built in North America are planned to be available for charter in 2025. The towboats are being developed
Maryland moves ahead on two offshore wind projects Maryland's offshore wind portfolio is poised to grow substantially with a December 17 decision by the Maryland Public Service Commission to award offshore wind renewable energy credits (ORECs) to two developers that
China to import U.S. LNG from Plaquemines terminal Arlington, Va.-headquartered Venture Global LNG reports that it has signed a 20-year sales and purchase agreement with CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore
REM to buy K-Line Offshore's PSVs Tokyo-headquartered K-Line reported Friday that it had decided to dissolve its Norwegian-based subsidiary K-Line Offshore, sell its vessels and take a total extraordinary loss of approximately JPY 17 billion (almost $150 million).
Ørsted grows leadership team in New England Ørsted has hired Nicole M. Verdi as senior manager of government affairs and policy in New England. A practicing attorney, she joins Ørsted from the Rhode Island state Senate, where she served
Louis Dreyfus names new CEO France's Louis Dreyfus Armateurs (LDA) has named Kamil Beffa as CEO in a change of management structure that the family-owned company describes as creating a "new organization, oriented towards the future and
Safety: As weather gets worse, we must be better By Lt. Cmdr. Chad Yeamans, MS, SHRM-CP, Detachment Chief, USCG Investigations National Center of Expertise Discussions at the COP26 global climate change conference have put a focus on the future impact of
Net-Zero: Deadlines, designs and demands By C.F. St. Clair For sjipping, a critical announcement from COP26 was the U.S. move, along with 14 other countries, to sign a Declaration on Zero Emission Shipping by 2050. That is
Wakashio master and first officer plead guilty Master and chief officer of bulk carrier Wakashio, which spilled about 1,000 tonnes of oil off Mauritius last July, both...
Supply chain pressures to ease next year Oxford Economics expects shipping costs to wind down during the course of next year as disruptions diminish. But, headwinds are...
Owners face up to 55% jump on International Group GXL reinsurance costs Levy to fund world's biggest reinsurance contract could hit $100,000 for a very large crude carrier and $50,000 for capesize...
How Omicron and the orderbook will shape maritime markets for 2022 Lloyd's List editor Richard Meade, along with head of consulting for Lloyd's List Intelligence Christopher Palsson and markets editor Michelle...
Genco ultramax carries Walmart containers Following three months of planning, involving class, naval architects and its technical team, Genco has embarked on the carriage of...
Venture Global to sell LNG to China's CNOOC The latest supply deal underscores China's growing reliance upon liquefied natural gas imports from the US as it increasingly transitions...
Southern California ports delay dwell fee while approaching throughput records The announcement came as the twin facilities forecast record volumes for 2021, despite being plagued by chronic congestion for much...
Minerva Gas joins Center for Zero Carbon Shipping Minerva Gas expects the delivery of a fifth liquefied natural gas carrier newbuilding next year
Maersk's methanol maker says others will follow in its fuel footsteps The company making methanol for Maersk tells Lloyd's List that other companies will follow its lead. It says making renewable...
Daily Briefing MSC bids for Bolloré Africa | China ore and coal demand slump finished as rebound seen for 2022 | Dry...
CDB Leasing in 21-ship leaseback deal with Schoeller Holdings Chinese lessor will acquire 17 feeder containerships plus four oil and chemical tankers. It will then lease them back to...
Pilots ratify 4-year labor deal at Amazon cargo carrier Sun Country Sun Country maintains labor peace with its pilots.
LNG shipping's wild ride: Record, plunge, new record, new plunge Spot rates topped $300,000/day, sank to teens, rose to over $360,000, now back near $100,000.
UPS orders 19 extra 767 freighters from Boeing UPS Airlines boosts its fleet with a big order for Boeing cargo jets.
Power index: Top 10 regulatory/legislative stories of 2021 From ocean shipping reform to vaccine mandates, the past year has been a backdrop for new and proposed government oversight and requirements affecting carriers and...
Crude prices rally as market weighs demand impact of omicron spread NYMEX January ULSD sees largest one-day jump in front-month prices since Aug. 23.
Rosneft sets net-zero emissions by 2050 target In its updated strategy, the company plans to increase production of hydrocarbons to 330 million mt of oil equivalent, or 6.63 million b/d of oil equivalent, by 2030.
OIL FUTURES: Crude rebounds as supply picture overtakes risks to demand Bearish factors are: Omicron and COVID-19 surging infections which are prompting lockdowns in the Netherlands, Norway, which are definitely negative for aviation and oil consumption. Secondly, the decision by the US Fed to move away from quantitative easing and raise interest rates, said Bjarne Schieldrop, chief analyst commodities at SEB Bank.
FEATURE: New COVID-19 variant could spoil party for road fuels in Europe in 2022 Stocks of key middle distillates are running quite low in Europe, with demand reaching pre-pandemic levels in many countries even as outright prices have risen by about 50% since early-2021. But the picture for transport fuels in early 2022 is heavily clouded by concerns from the spread of the omicron variant.
CHINA DATA: Nov crude imports from UAE hit record high at 1.1 mil b/d In January-November, China's crude imports from the UAE stood at 28.21 million mt, or 619,000 b/d, declining 7.3% year on year in line with the country's total crude inflow volume, GAC data showed.
UK launches long-awaited consultation on North Sea license revamp The call for responses to the proposed "climate checkpoint" to be added to the licensing process comes after licensing was officially paused 15 months previously in September 2020, and amid a collapse in exploration activity in UK waters, as well as steep falls in oil and gas production related to the pandemic.
European and African oil assessments around Christmas and New Year S&P Global Platts reminds subscribers that the following days are UK public holidays and no oil assessments will be published out of London on those days:
European Commission approves Germany's global hydrogen production initiative The scheme, H2Global, is to run for 10 years from award of a first contract.
Biden forced to reset climate policy strategy after Manchin rules out BBB The bill contained the first tax credit proposal for sustainable aviation fuel as part of the administration's target of cutting US aviation emissions by 20% by spurring the production of 3 billion gal/year of the fuel by 2030.
Singapore term Dec ex-wharf LSMGO inked at higher than Nov as stocks seen declining The bunker supplier said the potential loss in upstream supply can have a substantial impact on the downstream market, even though LSMGO shipments originating from South Korea, to the tune of around 160,000 mt in December, remain relatively unchanged from previous months.
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