FERRIES 2021: Bringing the Norwegian experience to U.S. ferry operators Marine Log's FERRIES 2021 conference is scheduled to kickoff in just over a month for the first in-person ferry event in over 18 months. The event will take place November 9-10 on
Liquid CO2 carriers: The next big thing? With carbon capture and storage (CCS) gaining traction as a technology to reduce the impact of CO2 emissions, maritime transport will play a key role in the CCS value chain. This is
Carnival: Voyages already cash-flow positive Shares in Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), were up this morning as the cruise giant released a third quarter earnings update which showed some encouraging trends. Though the company
Diana-Wilhelmsen JV ordered to pay $2 million fine in pollution case Cyprus-based Diana Wilhelmsen Management Limited (DWM), was yesterday sentenced to pay a fine of $2 million after pleading guilty to violations of the Act to Prevent Pollution from Ships involving the 73,530
Colonna's to overhaul U.S. Corps dredge Colonna's Shipyard Inc., Norfolk, Va., has been awarded a $15,971,760 firm-fixed-price contract to overhaul the dredge McFarland. Bids were solicited via the internet with two received. Work will be performed in Norfolk,
All Bollinger facilities open and operational Bollinger Shipyards LLC today reported that all 11 of its facilities are now open and operational following Hurricane Ida's landfall last month near Port Fourchon, La., as a powerful Category 4 storm.
Shipping needs a unified voice, not an incoherent squeak As InterManager president, Mark O'Neil has gained a reputation for being an outspoken critic, arguing that the industry needs to...
Convention breaches placing seafarers' lives at risk, says IMO IMO stops short of naming countries placing seafarers' lives at risk by refusing permission to disembark for medical care
FMC chairman urges ocean carriers to improve their public relations Shippers should not expect a return to the rock-bottom freight rates of former years, with additional containership capacity offering only...
Shipping can help Britain keep the radiators on It's unclear whether a gas shortage can be averted in the winter ahead, but the government can at least learn...
Evergrande fallout to cast shadow over dry bulk demand The news of the property developer's impending debt default sent futures values tumbling at the start of the week, but...
Boxship charterers need to ensure all contracts work together 'With the right contracts in place, but more importantly, with the correct information and documents being produced at the right...
LR acquires hull performance data specialist GreenSteam Lloyd's Register says move expands its aim to solve complex problems with integrated software solutions to cut greenhouse gas emissions...
Samskip expands with Baltic acquisition Samskip has been expanding in the Baltic through buying smaller companies. The latest will see it offering closer ties to...
The Lloyd's List Podcast: The regulators' view of container chaos Carriers may be following the letter of the law, but not necessarily the spirit of it, and are not behaving...
Maersk invests in another alternative fuel start-up Synthetic alcohols are one of the options Maersk is considering to decarbonise its fleet. Prometheus Fuels uses direct air carbon...
Daily Briefing IMO 'defrauded' by North Korea vessel identity laundering scheme | China's overseas coal power retreat not a threat for bulkers...
Container ships now piling up at anchorages off China's ports Trans-Pacific traffic snarl is bicoastal: More container ships waiting off Shanghai and Ningbo than Southern California.
Supply chain woes drag down Nike sales
Maersk throws its weight behind unicorn electrofuels company Can collecting carbon dioxide from ambient air combined with renewable energy create a cost-competitive, scalable, carbon-neutral fuel? Maersk is betting on it.
Worldwide Flight Services acquires Texas-based cargo handler Worldwide Flight Services announced Friday it has acquired Pinnacle Logistics, a provider of cargo-handling services for the aviation market across the U.S.
Shipowners struggle with unfavorable LNG bunker price amid decarbonization targets "It makes no economic sense [to use LNG]" said one shipowner source.
ARA fuel oil stocks rise 8.7% on week to 1.223 million mt: Insights Global Tight supply continued to mark conditions for European fuel oil on the back of limited local production for high sulfur fuel oil as well as boosted demand for its use in the power generation sector.
First renewable LNG bunkering in US completed at Jacksonville The production of RNG was from the decomposition of organic waste, which is compatible with existing natural gas infrastructure, JAX said. As a result, providing a replicable source of energy that also mitigates and repurposes carbon emissions.
EC presents energy compact on green hydrogen at UN to accelerate net-zero goals The EC said it would work with Denmark, Germany, IRENA and other partners to "give a boost to green hydrogen worldwide, including a commitment to cooperate on renewable hydrogen development with the African Union in the framework of the Africa-Europe Green Energy Initiative".
Gazprom Neft, Aeroflot to produce Russia's first green aviation fuel The companies' announcement came the same week Russia started preparing an action plan to adapt its economy to the global energy transition, aimed at decreasing oil and gas use in its energy mix.
INE LSFO prices lift ex-wharf Zhoushan marine fuel 0.5%S premium to new highs Bi Chinese oil companies were buying at the futures market, which boosted the LSFO prices on the INE, Zhoushan bunker traders said.
CHINA DATA: National carbon market price rises 2% on week Chin's daily weighted average carbon price started trading at Yuan 51.23/mt CO2e when the market was first launched on July 16, with a trading volume of 4.10 million mt of CO2e on the first trading day.
New greenfield refinery in Albania to eye export markets The refinery's location on the Adriatic Sea provides easy access for a wide variety of feedstock from the Black and Caspian Sea, the Middle East, Europe and the US as well as to export markets for its products, Helmut Mayrhofer at Austria-based consultancy Larkalis told the S&P Global Platts European Refining Virtual Conference.
OIL FUTURES: Crude steady at fresh multi-month highs Around 294,214 b/d, or 16%, of total US Gulf production remained shut-in as of Sept. 23, according to the Bureau of Safety and Environmental Enforcement. Despite the proportion of offline production easing from a week earlier, full recovery in the near term was unlikely due to damage to pipeline infrastructure.
Singapore's MPA signs MOU to promote carbon accounting for maritime companies The MPA and its partners will cooperate in conducting training courses on carbon reporting, monitoring and management for local maritime companies affiliated with SSA, supporting local maritime companies in their journey to track and monitor their carbon emissions, and recognizing companies' emissions reductions, they said in a joint statement Sept. 24.
UK government, refiners downplay impact of driver shortages on fuel supplies BP and ExxonMobil said Sept. 23 that some of their retail fuel sites had been affected by shortages of one or more fuels as a lack of drivers was causing logistical headaches for retailers across the country. A small number of sites have also been forced to close due to a lack of deliveries.
BUNKERWORLD INDEX: Surging gas supports prices, limits VLSFO blendstock **Demand rising at Zoushan ahead of October holiday **LSFO demand from power sector limits European availability of VLSFO blendstock **Busy market at Panama, firming market in Argentina
SINGAPORE DATA: Residual stocks edge up 0.7% on week even as exports rise, imports fall Fuel oil exports almost doubled on the week to 293,508 mt, with 65,093 mt exported to India and 44,001 mt to China over Sept. 16-22 after almost none to either country the week before, the data showed.
Delivered premiums at Zhoushan hit 4-month high on rising demand, tight supplies "Prices have moved higher significantly yesterday as suppliers are recognizing the higher number of enquiries over the past week," said an industry source Sept. 24.
CHINA DATA: August fuel oil exports fall 9.5% on month on weak bunker demand, port closures Multiple terminals at the Ningbo-Zhoushan port were closed in the week of Aug. 14 due to a COVID-19 case, followed by movement restrictions on bunkering operations that forced shipowners with bonded bunker fuel, exempt from tax, to bunker at alternative ports in North Asia, sources said.
Fujairah delivered MF 0.5%S differential against ex-wharf bunker at 6-month low "Due to a slowdown in bunker sales since September, it is difficult to catch up with August's sales volumes," a Fujairah-based bunker supplier said.
FEATURE: Singapore bunker market set to consolidate further amid fierce competition Intense competition in the Singapore delivered bunker market that has squeezed margins, particularly for IMO-complaint low sulfur bunker fuel, is limiting the ability of some players to operate profitably, industry sources told S&P Global Platts in the week to Sept. 24.
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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