New Maersk box ships will be powered by largest-ever methanol fueled engines The 16,000 TEU methanol fueled containerships just ordered by Maersk mark a substantial scale-up of the methanol powered technology from the previous size limit of around 2,000 TEU. So it is no
Brazilian tug operator opts for Schottel hybrid solution With its eyes on IMO 2030 and 2050 emissions reduction targets, Brazilian towage operator Starnav has contracted the Detroit shipyard in Itajaí for four new 32 meter long, 11.6 meter wide escort
NTSB publishes latest Safer Seas Digest The National Transportation Safety Board has released its Safer Seas Digest 2020, a compendium of the NTSB's maritime accident investigations involving loss of life, injuries and significant property damage completed in 2020.
Erck Rickmers among owners linked to Hamburg breaking probe Erck Rickmers Group admits minute equity in one vessel at centre of probe prior to disposal four years ago
Maersk bets big on methanol The race to make green methanol, our Top 100 Ports for 2021 and the lessons box lines learned to profit...
Strong dry bulk market hinders scrapping According to Lloyd's List Intelligence data, 72 units for 7.2m dwt have so far been removed from the bulker fleet...
Weekly Briefing: Box port congestion chaos | Capesize rates rocket | Tankers: down, but not out The latest edition of Lloyd's List's One Hundred Ports showed Chinese box facilities dominating the top of the rankings, as...
X-Press Pearl loss takes toll on Swedish Club 'Underwriting outcome has been in excess of mean model expectation. Volatility has been experienced in both P&I and marine concurrently...
Boxship fixtures slow on lack of available tonnage Carriers are avoiding longer term charters at elevated rates. But across all segments short-term fixtures are breaking records, if tonnage...
HMM seafarer union delays strike Move comes amid rising concerns that the standoff over wage talks could lead to serious disruption of services of the...
Rail strikes add to German post-flood intermodal disruptions Industrial action has been prolonging disruptions to intermodal services to and from Germany that have been operating with reduced capacity...
Daily Briefing Capesize daily rates rocket past $50,000 | Daily rate for short-term VLCC charters steadies at sub-$10,000 | One in 20...
Logistics platform extends reach to Southeast Asia Move comes as Southeast Asian shipping is experiencing 'tremendous growth' driven by a sprightly cross-border e-commerce market
Ningbo government unlocks Meishan terminal The move to restart operations at the Meishan terminal comes as congestion off Ningbo and nearby Shanghai appears to be...
Law firm plans further rapid growth in changing shipping market 'People see us not quite as a new kid on the block, but part of the shaking up of the...
Viewpoint: Global supply chain reaching 'a critical moment in time' The stress levels of logistics managers and supply chain managers are at all high-time highs -- and for good reason.
Ocean freight shipping exchange Nyshex nets $15M in latest round The New York Shipping Exchange, a digital trading platform for two-way committed ocean contracts, announced it raised $15 million in its latest funding round.
Stealing your own freight: O'Hare cargo delays force drastic measures A 3PL is rescuing stranded freight in Chicago. It's the freight equivalent of special ops forces going behind enemy lines to get a high-value target.
Battle of the shipping booms: Containers '21 vs dry bulk '07-'08 Container mega-spike recalls epic dry bulk run over a decade ago. Here's a look back at the last time shipping had it this good.
Rotterdam port Q2 LNG bunker sales rise 12.6% on quarter LNG bunker sales at the Rotterdam port rose 12.6% quarter on quarter to 157,027 cu m in the second quarter, it said in a recent report.
Brazil's Enauta restarts output at offshore Atlanta Field after repairs: company Brazilian independent oil and natural gas producer Enauta completed repairs to oil heaters at the offshore Atlanta Field, restarting output from the field's three production wells and returning to full operations, the company said Aug. 25.
OIL FUTURES: RBOB surges over 5% after larger-than-expected US gasoline draw NYMEX RBOB futures settled at a ten-day high Aug. 25 on the back of a larger-than-expected US gasoline inventory draw.
TFG Marine installs MFM on WAF bunker barge, amid wider push for transparency An MFM has been installed on the Queensway Vemahonesty operating for TFG Marine off the coast of Benin and Togo, a spokesperson said Aug. 25.
OIL FUTURES: Crude prices recover from bearish API report, look to strengthening demand The API reported a weekly US crude inventory drawdown of 1.6 million barrels and gasoline stock decline of 985,000 barrels. Both undershot analysts' expectations.
REFINERY NEWS ROUNDUP: Refinery runs increase in some parts of Asia-Pacific region The average run for all categories of refineries in India rose to 91% in July compared with 90% in the previous month, the latest survey of the oil ministry showed Aug. 24, reflecting the highest run in three months.
JAPAN DATA: Aug 15-21 LSFO output rises as estimated shipments rebound **Estimated LSFO shipments surged 181% on week to 533,461 barrels **Aug. 15-21 power demand rebounds by 2.8 GW on week: Platts Analytics
Ex-wharf Singapore 380 CST HSFO differential to delivered grade hits 20-month high **Ex-wharf premiums pushed up significantly by the cargo market **Strength in HSFO supported by demand from Middle East power sector
Hong Kong 380 CST high sulfur bunker fuel supply tightens on stronger demand **Demand rises with more scrubber-fitted ships **Cargo replenishment has not increased on tight supply in Singapore
FUJAIRAH DATA: Oil product stocks fall to 5-month low as fuel oils decline 11% on week **Fuel oils demand usually picks up in summer for power generation **Bunker sales have also been strong
Bunkering resumes in South Korea post Typhoon Omais; barging tightens Bunker suppliers had suspended operations at southern ports on Aug. 23, and at western ports on Aug. 24, respectively.
Sep LSFO arbitrage arrivals in Singapore estimated lower on month: traders **Estimates down from 2.1-2.2 million mt in August **Some possible slippage expected in October
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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