Moran gets $14.9 million MSC award he Navy's Military Sealift Command has exercised a $14,962,488 one-year option under a previously awarded contract with Moran Towing Corp., New Canaan, Conn. The award is for the support of Military Sealift
Diversified Marine's Frank Manning to present on tug trends at TTB Frank Manning, executive director of business development and operations at Diversified Marine Inc. (DMI), Portland, Ore., will present at this year's free virtual presentation of Marine Log's TTB -Tugs, Towboats & Barges
McGinnis Inc. delivers 1,600 hp M/V Dwain Harper On a chilly February day, members of McGinnis Inc.'s Sheridan Shipyard located in South Point, Ohio, at Mile 320.4 on the Ohio River gathered with members of the Harper family to celebrate
MOL car carrier is first ship to gain ClassNK remote survey notation The Mitsui O.S.K. Lines Ltd. (MOL) car carrier Orca Ace, operated by MOL and managed by MOL Ship Management Co., Ltd. is the first vessel to be awarded ClassNK's Remote Survey (RMSV)
PODCAST: C&C Marine & Repair's Matt Dobson In this edition of Marine Log's Listen Up! podcast, we talk to Matthew Dobson, new construction manager at C&C Marine and Repair, Belle Chasse, La. Since starting at C&C in 2013, he
U.S. Great Lakes fleet invests $87 million in shipyard work U.S.-flag Great Lakes fleet operators continue to invest heavily in their ships and the region. The fresh water of the Great Lakes allows vessels to sail for decades, and ships that are
ABS to class Dominion Energy Jones Act WTIV The first ever Jones Act compliant offshore wind turbine installation vessel (WTIV), currently under construction at the Keppel AmFELS shipyard in Brownsville, Texas, will be built to ABS Class. As we reported
ESG survey confirms broad industry support for decarbonisation The survey report concludes that the cost of upgrading fleets to clean technology is likely to overwhelm small, independent family...
Keppel Corp chairman to stand down Dr Lee's reign as Keppel non-executive chairman overlapped with a series of Keppel O&M transactions in Brazil that were subject...
Skuld joins Gard among big winners from renewal round 'Albeit working remotely and fully digitally our members and clients have coped extremely well with the situation,' says Ståle Hansen
Israeli oil-spill ship shortlist narrows Both locations suggest that aframax tanker Minerva Helen, named as one of the suspected vessels, was not responsible
Unions call for all seafarers to be vaccinated The Nautilus Federation of 22 unions wants a worldwide vaccination programme for seafarers and inland waterways transport crew, to help...
Inmarsat appoints new chief executive Mr Suri has a strong telecoms background, having been president and chief executive of Nokia for six years until he...
Two thirds of UK seafarer certificates held by foreigners 'This is no way to prepare for a green economic recovery and these figures do not include the near 1,000...
'There is no longer piracy in Southeast Asia,' says analyst Piracy in Southeast Asia is declining, with membership of the terrorist Abu Sayyaf Group dwindling, no recent kidnappings and few...
Minerva denies tanker link to Israel oil spill Minerva Marine provides a timeline for Minerva Helen's movements, countering what appears to be information stemming from the official investigation
BIMCO expects a tough year for dry bulk China's policy shift will threaten the continuation of 2020's high growth in imports of dry bulk goods, which was spurred...
India's gas consumption set to drive Asian LNG growth Indian buyers are expected to renew import commitments with Qatar or seek opportunistic spot buys to satisfy their country's growing...
Daily Briefing Free to read: Maersk will consider carbon offsets in neutrality pursuit | Maersk turns away from Cosco crewing arm |...
Samsung Heavy settles Petrobras bribery case Settlement comes as SHI is now gearing up to compete for a multi-billion-dollar contract to build two floating production storage...
GSCW chat recap: Reefer container market stays hot Greg Tuthill, chief commercial officer of SeaCube Containers, sizes up the market for refrigerated shipping containers during a fireside chat at FreightWaves Global Supply Chain...
Vaccine rollout drives $90M price tag for pharma carrier Skelton Canadian health care logistics provider Andlauer will acquire most of pharmaceutical trucking firm Skelton Truck Lines for over $90 million - a valuation driven up...
GSCW chat recap: AgTC on challenges faced by food exporters AgTC's Peter Freidmann highlights the hurdles U.S. food exporters confront as they vie for containers to transport their goods.
Analysis: Apex deal makes Kuehne + Nagel largest air forwarder Kuehne + Nagel will become the top global air and ocean freight management company when it completes its purchase of Hong Kong's Apex Logistics International.
Kuehne + Nagel goes after China pharma logistics Kuehne + Nagel is on a mission to get bigger in Asia. Two deals this week in China are helping to make that possible.
Midwest diesel market surges to over 3-year high as supply routed to USGC The Midwest diesel market surged Feb. 23 as barrels were routed back into the US Gulf Coast because of numerous refinery outages.
Oil in floating storage at one-year low as market strengthens The volume of crude oil and condensate in tankers worldwide has fallen to a one-year low as the market's recovery gathers pace, and with a strongly backwardated structure in the Brent crude market discouraging storage.
European oil demand markers creep higher as COVID-19 infection rates slide European oil demand markers are showing signs of a gradual recovery, with air traffic and land-based mobility improving amid a marked slowdown in the pace of COVID-19 infections.
Singapore March-April gasoil timespread continues to narrow on growing supplies The Singapore March-April 10 ppm sulfur gasoil timespread has slipped from recent highs as trade sources pointed to the near-term possibility of increased spot availability thanks to a rise in outflows from key supplier China, as well as expectations of higher run rates at regional refineries amid improving margins for the middle distillate.
NWE fuel oil Hi-5 crack spread widens on diverging fundamentals The crack spread between Northwest European 0.5%S marine fuel and 3.5%S fuel oil has widened over recent weeks with the former hitting a year high and the latter a nine-month low as market fundamentals diverged.
Trefoil returns to supplying HSFO bunker post-IMO 2020 Trefoil, a marine fuel supplier in Northwest Europe, recently returned to supplying 3.5% sulfur fuel oil of RMG and RMK grades on the back of demand revival post-IMO 2020, the company said in a statement Feb. 24.
Colombia's Ecopetrol to triple Permian Basin investment this year to $600 million Colombia's state-controlled Ecopetrol plans to triple its investment in the US' Permian Basin this year to $600 million, in a sign of its increasing focus on foreign projects given stagnant domestic growth.
US crude stocks climb as Texas freeze pushes refinery demand to 12-year lows US crude oil inventories climbed during the week ended Feb. 19 as severe winter weather across the Southern states pushed refinery demand to 12-year lows, US Energy Information Administration data showed Feb. 24.
OIL FUTURES: Crude prices rise as tightened fundamentals offset storm-driven US crude build Crude oil futures pushed to fresh 13-month highs Feb. 24 as the market shrugged off a US crude build amid tightened forward outlooks.
Mexico's changes to power rules could hurt competitiveness, ability to meet commitments Recent electricity sector rule changes in Mexico approved by the lower House of Congress will hurt the country's competitiveness while making it harder to meet its international environmental commitments, observers told S&P Global Platts.
Winter weather sends weekly US crude exports tumbling The winter weather that crippled power and water infrastructure throughout Texas over the week ended Feb. 19 also sent weekly US crude exports tumbling 1.55 million b/d on the week to a five-week-low of 2.314 million b/d, data from the US Energy Information Administration showed on Feb. 24.
Clean tanker owners feel bunker pressure from trans-Atlantic trade Adverse weather conditions in the Atlantic have forced both Medium Range and Long Range clean tankers to slow steam for both cargo shipments and ballast journeys, burning higher volumes of bunker fuel over longer periods and placing increased downward pressure on earnings as a result.
REFINERY NEWS ROUNDUP: Algeria records higher 2020 runs; construction starts in Congo Refinery maintenance in Africa is fairly limited. Construction is starting on a new plant in Congo, with more news emerging on upgrades in Nigeria.
China's Zhejiang aims to have 90 mil mt/year refining capacity by 2025 **New capacity from Daxie, Zhenhai, ZPC phase 2 **ZPC's 20 mil mt/year phase 3 project may not finish within 5-yr plan deadline
OIL FUTURES: Crude retreats on bearish API data "Crude prices are stabilizing as the relentless commodity supercycle rally takes a break," Moya said.
FUJAIRAH DATA: Oil products stocks rebound on big gains in heavy, light distillates **Refinery outages in Bahrain, Saudi Arabia **Robust gasoline demand from Africa **Heavy distillates climb 16% to 5-week high
Japan bunker supply expected to remain tight in H1 March on refinery shutdown Eneos Sendai refinery remains shut
Singapore's MPA, Yara join ammonia-fueled tanker development project The consortium will tap onto MPA's experience as a bunkering hub and flag state to gather insights on safety issues and ammonia bunkering.
Bunker fuels in New Orleans rise to their highest levels in more than a year "Tight avails...taking everyone longer to get into terminals to reload," a market source said.
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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