Conrad Shipyard lays keel for GLDD trailing suction hopper dredge Morgan City, La., headquartered Conrad Shipyard recently hosted a ceremony at its Deepwater shipyard in Amelia, La., to mark the laying of the keel of a 6,500 cubic yard trailing suction hopper
MARAD awards $19.6 million in grants to 31 small shipyards The U.S. Department of Transportation's Maritime Administration (MARAD) today announced the award of $19.6 million in grants to 31 small shipyards in 15 states through the Small Shipyard Grant Program. Since 2008,
Wärtsilä develops solution for transporting captured carbon Capturing and storing CO2 is an important strategy in efforts to reduce global CO2 emissions. But how do you get the captured carbon to where you store it? Wärtsilä has been working
VIDEO: Huisman launches offshore wind feeder vessel solution Huisman, Schiedam, Netherlands, is introducing a motion compensated platform to quickly and safely transfer wind turbine components from a Jones Act feeder vessel to an internationally flagged wind turbine installation vessel. The
CMA CGM fits 85 ships with Hydropen container fire fighting systems Within 18 months of the launch of the innovative Hydropen drill and spray solution for fighting container fires, CMA CGM has installed it on 85 of its ships. While conventional firefighting solutions
U.S., Denmark to push for "zero by 2050" shipping GHG goal In a fact sheet released following last week's Leaders' Summit on Climate, the White House reaffirmed that "in support of global efforts to achieve net-zero GHG emissions no later than 2050, the
Atlantic Wind Transfers positions for growth Rhode Island-based offshore wind crew transfer vessel (CTV) owner and operator Atlantic Wind Transfers (AWT) plans to be to be at the forefront in providing crew transfer services up and down the
Fire and explosion on tanker carrying Iranian oil Security sources doubt that a drone strike caused an explosion on the Panama-flagged tanker Wisdom, which was carrying Iranian oil...
More than 200 tankers could flood market if Iran sanctions lifted Removal of the sanctions, fully reimposed in early 2019, would allow Iranian crude exports to officially resume and remains one...
Class societies join flag states to plot shipping's green path A new forum of flag states and class societies has been launched to help the industry tackle technology challenges. It...
K+N reports strong start to unpredictable year Higher freight rates are here to stay as e-commerce demand supports the market. Volume outlooks remain strong, but challenges remain...
Seafarer happiness survey shows coronavirus impact lingers While connectivity on board ships has improved leading to higher satisfaction levels among seafarers, hostility towards different nationalities has increased...
Costamare buys out York Capital's 60% stake in five boxships Costamare has successfully raised long-term commercial bank loans to part-finance its acquisition of a 60% equity stake in five containerships...
Demand boom drives box spot rates to yet new highs Market fundamentals continue to drive freight rates to unprecedented levels, with a return to so-called 'trade normalisation' taking longer than...
Suez disruption to last through to end of May Better data on ship arrivals at chokepoints would allow a more efficient process for clearing backlogs in future events. This...
Yard Talk | Should a green ship be produced by a green yard? Chinese yards are facing the challenges from South Korean competitors, which have pledged to reach carbon neutrality by 2050. They...
Daily Briefing Free to read: Where does crew-change crisis leave the labour convention? | Singapore halts crew changes for seafarers with recent...
Green group says Europe's financing rules for shipping should go further NGO Transport & Environment believes the new classification system for what vessels can be considered for green financing has some...
Philippines clears LNG project on Luzon island Six regasification projects are now on the table for the Luzon Island, which used natural gas to meet almost 30%...
OOCL extends robust performance in first quarter Strong provisional results shown in the first quarter of the year operational update are reflected in the earnings forecast by...
Flexport: Trans-Pacific deteriorating, brace for shipping 'tsunami' Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.
ILA sues for $200M over nonunion labor in South Carolina "Both Hapag-Lloyd and USMX were well aware that the work in question would have been handled by ILA members" if the vessel had gone to...
FreightWaves Flashback: Nissan, Ford test new Autostack system 1991: The new system allows automobiles to move in regular intermodal containers instead of the multilevel railcards that now are the industry standard.
Ever Given's arrest and manifest - and the impact on US importers Some importers are rethinking how to move their products due to the Ever Given's "very sorry situation."
Port of Montreal strike: Feds poised to intervene as work stoppage begins Port of Montreal longshoremen began an unlimited strike on Monday morning, but the Canadian government is set to step in with back-to-work legislation to avert...
CHINA DATA: March transport fuel output jumps 19% on year to 29.18 million mt China's total output of transport fuel petroleum products, including gasoline, gasoil and jet fuel, rose 19.2% year on year to 29.18 million mt in March, data from the National Bureau of Statistics showed.
Europe and Africa residual fuel: Key market indicators April 26-30 Rotterdam 0.5%S marine fuel FOB barges finished the week to be assessed at $462/mt on April 23, down from $472/mt in the previous week.
BRAZIL DATA: March refined-product output climbs 0.5% on year March production of diesel, fuel oil, and gasoline from Brazilian refineries ticked up 0.5% from March 2020 despite coronavirus-related lockdowns and an ongoing maintenance program, according to data the National Petroleum Agency released April 26.
Volvo, Uber join call for EU-wide ban on gasoline, diesel cars by 2035 Volvo, Vattenfall and Uber are among 27 companies calling on the EU to ban the sale of new gasoline and diesel cars by 2035 in order to accelerate the transition to electric cars.
Libya crude output to rebound as force majeure lifted on Marsa el-Hariga exports Libya's crude output could rebound in the coming days after the state-owned National Oil Corporation lifted force majeure on exports out of the eastern Marsa el-Hariga terminal on April 26.
Japan domestic clean product shipments fall 12% in Feb on weak demand Japan's total clean product domestic shipments in February fell 12% year on year to 4.86 million kl, or 30.56 million barrels, due to the weak domestic demand, according to the latest data from the Japan Federation of Coastal Shipping Associations.
US crude draws likely resume amid expected uptick in refinery runs US crude oil inventory draws likely resumed during the week ended April 23 amid an expected uptick in refinery demand, an S&P Global Platts analysis showed April 26.
BRAZIL DATA: March biodiesel production rises despite higher feedstock costs Brazil boosted biodiesel production year on year in March after Latin America's biggest country increased its biodiesel-diesel blend March 1, but high raw-materials prices remain a challenge to additional growth in 2021, according to data released April 26 by the National Petroleum Agency, or ANP.
Singapore gasoil derivative crack soars to 7-week high on demand uplift optimism The Singapore front month gasoil derivative crack spread against Dubai crude swaps rallied to a seven-week high at the Asian close on April 23 on expectations of firmer demand for the middle distillate product stemming from Europe's reopening following a prolonged period of coronavirus-related restrictions.
CHINA DATA: Jan-Mar fuel oil output surges 35.4% on year to 9.1 mil mt China's fuel oil output over January-March climbed 35.4% year on year to 9.1 million mt, according to latest data released by the National Bureau of Statistics.
Argentina's Neuquén offers to boost worker salaries to end Vaca Muerta roadblocks Neuquén, the second-most productive oil province and first for natural gas in Argentina, is offering to boost the salaries of state employees by 53% in an effort to get protesting workers to end roadblocks that have slowed the growth of oil and natural gas production.
US hikes climate targets; cites international, market momentum in face of policy divide The US committed April 22 to reducing economywide greenhouse gas emissions by 50%-52% from 2005 levels by 2030, as some of the world's top emitters also reaffirmed or raised their ambitions to cut emissions at the start of a two-day climate summit hosted by US President Joe Biden.
OIL FUTURES: Crude edges lower as regional coronavirus spikes blunt outlooks Crude oil futures finished lower after a volatile session as the market searched for direction amid signs of an uneven recovery of global demand.
Canadian National in direct acquisition talks with Kansas City Southern Canadian National Railway is now engaged in direct negotiations to acquire Kansas City Southern after the Missouri-based railroad said CN's $30 billion offer is potentially superior to the deal it struck with the smaller Canadian Pacific Railway in March.
Petroecuador cancels long-term No. 6 fuel oil tender Ecuadorean state oil company Petroecuador canceled its No. 6 fuel oil tender after facing serious blowback for awarding an unusually long two-year sales contract to Unlimited Corporations.
AMERICAS BUNKERS: Key market indicators April 26-30 **Demand at Buenos Aires is still strong, supported by agricultural exports **On the US Gulf Coast, all bunker segments saw retreats as the region continues to grapple with capped demand
FUJAIRAH DATA: March bunker sales fell for second month **Singapore bunker sales rise despite crude gains **Temporary outage at Uniper Energy refinery **Marine gasoil bunker sales led decline
Lack of forward carbon prices in voluntary markets may hold up development: sources **Players see need for more structured market
Maritime decarbonization needs harmonized framework, collaboration: BP exec **LNG, biofuels are medium-term solutions for energy transition **Ports, governments should incentivize use of low carbon fuels **IMO regulations optimal route to avoid regional distortion
CHINA DATA: March oil product output rises 20% on year to 41.5 mil mt China's fuel oil output posted strong year-on-year increase, rising 24.4% to 3.44 million mt in March, and surging 35.4% over January-March to 9.14 million mt, the NBS data showed.
Asia residual fuel market: Key market indicators this week A slowdown in West-to-East low sulfur fuel oil arbitrage flows in May is expected to boost sentiment in Singapore, but the city-state is facing headwinds from competitive North Asian bunker prices, according to traders.
Bangladesh's May HSFO imports seen declining 17% amid Eid al-Fitr holidays **Bangladesh to import 350,000 mt HSFO in May **Electricity generation seen hitting 14 GW ahead of mid-May holidays
OIL FUTURES: Crude rangebound as investors monitor pandemic, await OPEC+ meet "The market is looking at the evolving situation in India, which has raised some concerns about the demand outlook for oil in the region," ING's Patterson said.
Oman's Duqm refinery project more than 80% complete: Muscat Daily The refinery has been under construction since 2018, and is expected to start up in 2022.
Japan's Toyota Tsusho to conduct biofuel trials in Port of Singapore TTP's trial will run from April to September 2021 in collaboration with other partners.
AET sees LNG, ammonia as viable bunker fuels for decarbonization pathway: CEO LNG's viability is proven on a well to wake basis, Subramaniam said.
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