Ingalls names George Nungesser VP of program management Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division reports that George Nungesser has been promoted to vice president of program management, effective April 1. Nungesser will have profit and loss responsibility for
MSHS Group donates Baudouin diesels to Louisiana trade school Students in the Marine Diesel Engine Technician Program at Louisiana's Fletcher Technical Community College will get an opportunity to obtain hands-on experience thanks to four diesel engines being donated to the school
Iraqi national indicted after arms found in Port of Savannah container An Iraqi national has appeared in U.S. District Court in Savannah. Ga., after his indictment on charges related to the attempted smuggling of firearms to Iraq. The U.S. Attorney's Office for the
CSL puts focus on testing green fuels as Seaway season opens The official opening of the St. Lawrence Seaway's 63rd navigation season was marked today when Canada Steamship Lines'Trillium Class self-unloading ship Baie St. Paul was the first vessel to transit the St.
TTB: Delbert Wilkins tells his own story on why diversity is key to workforce effectiveness Marine Log's TTB (Tugs, Towboats & Barges) free virtual event on March 24 will wrap up with a presentation by Delbert Wilkins, vice president - North operations and business development at Canal
Qatar moves ahead on massive LNG fleet expansion With plans to increase production of LNG from its North Field development from 77 million tons a year to 126 million tons by 2027, Qatar Petroleum has issued an Invitation to Tender
Sumitomo Heavy wins AiP for methanol dual-fueled tanker In another indication of growing interest in the use of methanol as a marine fuel, ClassNK has granted Sumitomo Heavy Industries Marine & Engineering Co., Ltd. an Approval in Principle (AiP) for
Harvey Gulf Subsea wins Navy Special Ops support contract New Orleans, headquartered Harvey Gulf Subsea Solutions reports that it has been awarded U.S. Navy contract worth $4 million that will see it utilize the 302-foot, 2013-built Harvey Deep Sea to provide
Aegean Shipping fixes 'green' aframaxes for at least two years Sources close to the Piraeus-based company say Green Admire and Green Adventure, both due in the first half of 2022...
Biden administration 'committed' to Venezuela shipping sanctions, says opposition Weak tanker freight rates see some Greek shipowners return surreptitiously to shipping Venezuelan cargoes betting that sanctions enforcement will be...
Seafarers cannot be forced to accept vaccination, ICS warns Chinese and UAE ports are already turning back ships, but 'no jab, no job' is likely to become the normal...
Cargill chief to head shipping's emissions reporting scheme The Sea Cargo Charter, a green initiative by a group of big cargo owners and charterers, has confirmed its 13-member...
Zim sets sights higher after record full-year result Following a stock exchange listing earlier this year, Israel-based container line Zim has delivered a set of results to please...
Insurer of Israel oil-spill tanker cancels cover Lawyer for undisclosed Beirut-based owner says tanker was carrying Iraqi crude, not Iranian. Satellite images show the tanker at Kharg...
China equipment shortage easing One of the issues driving high freight rates has been a lack of available export containers. New data shows that...
US demand surge set to continue as inventories remain low US retail sales are still growing and the influx of goods is going straight off the shelves. That leaves little...
Global Container Terminals' chief takes an incremental approach to investing 'Our approach continues to be to provide adaptable, incremental capacity that appropriately services our customers, while maintaining our competitiveness for...
Iranians charged with conspiracy to evade US sanctions The complaints said several defendants used a Hong Kong-based front company to secretly buy two oil tankers valued at more...
Daily Briefing Free to read: Decarbonise shipping together, not owner by owner | Lloyd's List podcast: Why sustainable shipping is about more than...
UK announces $27m green shipbuilding fund The British government announced a competition to develop innovations for greener shipping, including zero-emissions vessels and clean port infrastructure
Merger creating Mexico-Canada railroad set to link key ports Merger of Canadian Pacific Railway and Kansas City Southern will create 'the first US-Mexico-Canada railroad', says CPR chief executive Keith...
Qatar Petroleum tenders charter for up to 100 LNG carriers Qatar Petroleum said it will review bidders' technical and commercial capabilities 'with the objective of assigning selected shipowners to the...
First LNG ship-to-ship for aframax crude tanker off US Gagarin Prospect is the first liquefied natural gas-fuelled aframax tanker to join Sovcomflot's fleet
ZIM: US importers buckle, sign contracts early, pay 50% more Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
'Seismic change': Maersk commits to long-term relationships with shippers The world's largest shipping line says it has changed its ways and is no longer playing the spot market, instead going steady with long-term partners.
Cargo airlines ask DOT to block Mexican carrier from US market One of the Kalitta cargo companies is trying to stop a small Mexican airline from providing cross-border service between Mexico and the U.S., a market...
FreightWaves Flashback: 'Dry canal' across Nicaragua 1997: "Comparing our project to the Panama Canal is to confuse an apple with an orange," New York lawyer Don M. Bosco said. "Our competition...
Inside the now-booming business of building container ships Newbuild-to-fleet ratio now 15.3%, up from 9.4% in mid-2020. But orders are not high enough yet to wave red flags.
TENDER DATA: Taiwan's Formosa sells 40,000 mt fuel oil for April loading The fuel oil cargo is produced at Formosa's residue fluid catalytic cracker. The company last sold 40,000 mt of fuel oil with 0.9% sulfur, maximum 180 CST viscosity, via a tender for loading in March from Mailiao at a discount of around $50/mt to MOPS Marine Fuel 0.5%S assessments, a source close to the development said.
Spot Rotterdam Hi-5 bunker spread eases as crude drops Spot premiums for 0.5%S marine fuel over 3.5%S fuel oil at Europe's bunker hub in Rotterdam have eased back to their narrowest since the start of February, as the wider oil market softens and easterly arbitrages lose steam.
EMEA middle distillates: Key market indicators this week Flat prices in distillates markets fell over the past week, tracking crude downwards amid slow vaccine rollouts in the European Union and a global vaccine supply crunch. Demand for middle distillates in Europe remains weak, although regional production is still reduced, especially for jet fuel.
REFINERY NEWS: Ecomar to expand Fujairah refinery, storage capacity Ecomar Energy Solutions has agreed to expand its refinery and build new storage capacity at Fujairah, with the introduction of the Murban futures in the week starting March 28 seen boosting already strong demand for crude oil and products at the UAE's east coast port.
OIL FUTURES: Crude edges higher despite European demand headwinds Crude oil futures finished a volatile session slightly higher March 22 as the market pitted European demand headwinds against rising US and Chinese energy demand.
AMERICAS BUNKERS: Key market indicators March 22-26 **Weaker US crude segments pressure Latin America **Tight supply props up New Orleans premium over Houston
China seen importing record volumes of North Sea crude in March **More than 1 million b/d of North Sea crudes have arrived in March **But demand likely to slow from April as refineries go into maintenance
RUSSIA DATA: Russian Feb fuel oil exports down 2.9% on year at 2.72 mil mt Export flows were down slightly in February due to higher domestic demand, which has been boosted by a cold spell.
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week **Demand for 0.5%S FO has cooled off with the arbitrage to the east weaker in recent weeks **LSVGO heard higher on firmer gasoline cracks
CHINA DATA: Jan-Feb fuel oil exports surge 93.6% on year to 3.06 mil mt **Feb exports jump 84.4% on year **Jan-Feb imports fall 35.9% on year
Ecomar expanding Fujairah refinery, storage capacity as Murban seen adding demand **Ecomar started in Fujairah in 2015 **Refinery selling out everything it produces
Singapore's April Western low sulfur arbitrage volumes may near 3 mil mt: traders **Singapore low sulfur marine fuel market likely to remain balanced **April volume into Singapore may dip if more oil diverted to Fujairah
Asia residual fuel market: Key market indicators this week Asian residual fuel markets, especially upstream low sulfur marine fuel, is unlikely to see any significant upside in the week of March 22-26, on a lack of impetus from any potential incremental demand.
Saudi Aramco cuts 2021 capex guidance even as Asia showing signs of demand rebound **2021 capex guidance cut to $35 bil from $40-$45 bil **'We are seeing a pick-up in demand in Asia'
Asia middle distillates: Key market indicators this week The weakening in the Asian gasoil market may extend into the week starting March 22, with the market remaining driven by supply-side factors.
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