Senators seek to send more offshore wind revenues to coastal states Current U.S. law requires all revenues generated from offshore wind leases and production beyond state waters be deposited in the U.S. Treasury. Now a bipartisan group of U.S. senators has introduced legislation
Compact new Crowley tug is clean and powerful Crowley Maritime Corporation's ship assist and harbor escort services group has taken delivery of Apollo, a powerful and maneuverable 78-foot long tugboat that delivers an estimated 94 tons of bollard pull and
Furetank's latest delivery meets IMO 2050 target today Donsö, Sweden, based Furetank says that its latest delivery, the Fure Viten is the best in class globally in terms of meeting IMO's climate goals for shipping. Thanks to gas fueling and
Hapag-Lloyd orders six LNG-fuelled boxships with green loan Hapag-Lloyd has ordered six more 23,500 teu containerships due in 2024, having ordered six of the same size in December...
Capital Gas orders two more LNG carriers from Hyundai The 174,000 cu m vessels come on top of a series of seven newbuildings of this size that South Korea-based...
Hot shipping markets could pull banks back in 'We would look at 16 or 17-year-old ships, but there are challenges for us there, mostly reliance on the corporate...
Supply chain change will take time Shorter supply chains offer a degree of resilience that appeals to cargo owners. But changing the habits of globalisation will...
Höegh Autoliners explores listing to fund ammonia-ready ships Norwegian car carrier says it is considering a listing to fund investments in up to 12 multi-fuel and ammonia-ready ships...
Union urges release of quarantined workers Australia's maritime union has made a fresh plea to release 13 port workers from quarantine, arguing that health authorities overreacted...
Marine insurance meets challenge of remote meetings 'If you have a relationship with a broker and the risks were pretty known, it was straightforward to do it...
GoodBulk's Radziwill says slow steaming should be mandatory Technology keeps improving, but future fuels development may be some time off yet, Radziwill argues
Saadé calls for collaboration to ease terminal congestion CMA CGM chief executive apologises for poor quality of service. However shippers can expect another nine months of disruption before...
MOL and K Line to develop liquefied CO2 carriers The shipping lines will join demonstration projects expected to run through until 2026
Daily Briefing Free to read: Box Club closes after half a century as container shipping moves on | Reinsurance exclusions limiting cyber...
Wind power study for shipping enters next stage Dutch research institute MARIN and class society ABS are starting the second phase of a project to establish how much...
Precious Shipping refinances six bulkers Dry bulk operator says the $38.4m facility has a term of five years
Hapag-Lloyd orders 6 more 23,500-TEU ships at cost of $852M Hapag-Lloyd now will add 12 23,500-TEU container ships to its fleet beginning in 2023.
FedEx Freight reverses service suspensions after outcry from big retailers Customer backlash against FedEx Freight's decision to terminate trucking service has forced the carrier to reconsider.
OIL FUTURES: Crude prices slide amid profit-taking, low volumes Crude prices settled lower June 22 as the market searched for its next driver after pushing to fresh multiyear highs.
China's latest round of import quotas likely to prompt caution in H2 crude buying China's second batch of crude import quota allocations has created uncertainty over the total volume that qualified independent refineries will be allowed to import for the full calendar year 2021, which is likely to make them cautious in their procurement activities in the coming months, according to market sources.
FEATURE: Cheniere leans into cleaning up natural gas supply chain The way that Cheniere Energy Inc. responds to the emissions concerns of its customers could be a key driver for a U.S. natural gas industry that is becoming more export oriented.
OIL FUTURES: Crude prices ease amid profit-taking, lack of fresh drivers Crude prices fell June 22 in midday trading as the market searched for its next driver after pushing to fresh multi-year highs.
South Korea's Hanwha Total's overall ethylene production at 95% capacity South Korea-based petrochemical maker Hanwha Total is producing ethylene at 95% capacity at its Daesan complex, which has an ethylene production capacity of 1.53 million mt/year, the company said June 22.
USGC middle distillate shipments to Europe at 280,000 mt in June: cFlow US Gulf Coast shipments of middle distillates to Europe are set to be around 280,000 mt in June, all bound for Northwest Europe and none to the Mediterranean, according to S&P Global Platts trade flow software cFlow.
INTERVIEW: Iraq expects southern oil exports around 2.8 mil b/d in July
REFINERY NEWS ROUNDUP: Renewable gasoline, SAF, hydrogen takes center stage in Europe Swedish refiner Preem has carried out the first tests to produce renewable gasoline from sawdust at its Lysekil refinery.
Hapag-Lloyd orders six container vessels with midterm climate goals in sight **LNG a cost-competitive fuel **Suitable for midterm climate objectives **Container freight rates 469% higher on year
China acts to limit price volatility in upcoming national carbon market **Limits set on day-on-day deviations **Shanghai responsible for account opening, O&M
EC's 'Fit for 55' package should reflect member state differences: EP official **2030 emissions target 'very ambitious' **Fit for 55 package must reflect EU realities
July-arrival LSFO arbitrage from West to Singapore seen stable from June Arbitrage LSFO from Brazil, a major supplier of the grade to Singapore's bunker fuel market via state-owned Petrobras is also estimated at roughly similar levels to June's level.
ADNOC partners with UAE's Fertiglobe to develop first blue ammonia facility **Startup of 1 million mt/yr plant in 2025 **Facility to be located in UAE's Ruwais industrial hub
SAUDI DATA: April middle distillate demand jumps 14% on year amid firmer jet fuel pull **Gains driven by jet fuel amid travel ban lift **Jet fuel demand jumps 198% on year
FUJAIRAH DATA: May bunker sales slid 1% on month to 672,991 cu m **Marine gasoil bunker sales down 33% **Low sulfur marine fuel share increases
OIL FUTURES: Crude steady on lack of new drivers; supported by bullish outlook Market analysts attributed the elevated crude prices to a US-led recovery in global demand.
Denmark nominates six hydrogen projects for EU IPCEI status Everfuel is also participating in the Green Fuels For Denmark project, and the Blue Seal project with fuel cell producer Ballard Power Systems.
Singapore July-August gasoil timespread tumbles to 5-week low on demand concerns Traders said regional supply may be hit by a reduction in Chinese refinery exports and smaller Chinese export quota for key oil products in H2, 2021.
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