Island Offshore operates PSV on biogas Island Offshore reports that its LNG battery-hybrid PSV Island Crusader has become the first offshore vessel on the Norwegian shelf running on biogas, resulting in immediate and significant net reductions in CO2
Navigator Holdings CEO steps down Navigator Holdings Ltd. (NYSE: NVGS), reports that Dr. Henry "Harry" Deans has given notice that he intends to step down as Navigator's CEO and as a member of its Board of Directors,
VIDEO: Electra e-ferry concept unveiled Alameda, Calif.-based marine technology startup Boundary Layer Technologies has released a concept design for a zero-emission all-electric ferry said to have twice the speed and range of existing e-ferries. Called Electra, the
Kirby exits Hawaii, reports red ink quarter Tank barge giant Kirby Corporation (NYSE: KEX) today reported results for the quarter ended September 30, 2021, that included a net loss of $264.7 million, or $4.41 per share, compared with earnings
Shipping looks to COP26 to pressure IMO to increase green ambitions Leaders told Lloyd's List they are cautiously optimistic about the Glasgow climate talks. But attention will quickly return to whether...
UK tonnage tax change unlikely to boost Red Ensign Welcome set to be extended to windfarm support vessels, whose standing in the scheme is currently unclear, but uncertainty remains over...
Better hull coatings are an investment for a cleaner environment Ship operators are being encouraged to invest in coatings as they would invest in any technology for improved performance
Shippers question benefits of long-term contracts Soaring rates and capacity shortages lend themselves to the idea of longer-term commitments
Shipping 'unprepared' for decarbonisation and cyber challenges Environmental issues topped the agenda at the Global Maritime Forum, while economic worries created by the pandemic and issues such...
Daily Briefing IMO isn't answer to decarbonisation pathway: Global Maritime Forum study | Greek owners warn that multi-fuel future may end cheap...
Concerns raised by shippers over opaque US port fees The committee will provide the FMC with insight and expertise on conditions in the ocean freight delivery system
Port commissions to vote Friday on carrier fees for lingering containers Shippers, carriers and logistics companies aren't getting many answers yet about hefty surcharges for lingering containers at the ports of Los Angeles and Long Beach.
No relief from 'ridiculously expensive' container shipping rates Trans-Pacific container shipping rates remain exceptionally strong despite a dip earlier this month.
California, US DOT to coordinate on major freight infrastructure projects California and federal officials are partnering to speed up future freight infrastructure investments, as well as reduce delays impacting cargo flows today.
Carriers must move 60K containers out of LA/LB by Halloween The daily surcharge fines begin Monday, but there has been no immediate surge of container activity.
OIL FUTURES: Crude lacks direction as market eyes restart of Iranian nuclear talks Crude futures settled mixed Oct. 28 as the market searched for direction amid reports that Iranian nuclear negotiations could resume in November.
Bangladesh to be 'priced out' of LNG market amid energy crisis: official Bangladesh is set to be "priced out" of the global LNG market, a senior government official said Oct. 28, as the widespread impact of record high gas prices continues to intensify.
PBF Energy poised to reap demand recovery benefits as RFS uncertainty continues PBF Energy will raise its Q4 refinery run rates to meet continued strong demand recovery for oil, supported by low refined product inventories and better economics for heavy sour crude, the company said Oct. 28.
THAILAND DATA: Sep exports of automotive diesel, heavy fuel oil, jet fuel surge on year Thailand's exports of automotive diesel, heavy fuel oil and jet fuel rose in September but exports of naphtha fell, Customs Department data released this week showed.
ARA diesel, gasoil stocks fall 6.8% on week amid strong backwardation cks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp hub fell 6.8% on the week to 2.04 million mt in the week to Oct. 28, taking stocks to 20.3% lower than the same period in 2020, according to Insights Global data.
Rosneft signs deals with Western partners on decarbonization Rosneft and Trafigura signed a cooperation agreement on assessing emissions across Rosneft's supply chain.
High sulfur fuel oil drops in Europe as demand from utility companies weakens While availability for HSFO remains tight in bunker markets, demand has softened slightly on the week due to increased volatility in the market.
Russia's 2060 carbon neutral pledge won't affect ExxonMobil's short-term Russia plans ExxonMobil signed an agreement on strategic partnership with Rosneft in 2011.
Era of low energy prices that stimulated the global economy may be ending: Sechin The deficit in investment that is required to meet oil demand may total $135 billion in 2021-2025, Sechin said.
Shell to halve emissions by 2030 following Dutch court ruling Shell's new 2030 target for operational emissions is separate from existing targets that include emissions resulting from consumption of its products and ultimately lead to its overall net-zero target for 2050.
Many OPEC+ countries can't raise output due to sanctions, insufficient investment: Rosneft He added that the climate agenda is now putting pressure on the global oil and gas markets.
INDIA DATA: September crude imports rise 1.3% on month to 4.3 mil b/d September's imports were the highest in five months as economic activity and mobility in Asia's third-largest economy gained momentum after a threat perception about a third wave waned and because of a pick-up in demand after the summer monsoon rain season receded.
OIL FUTURES: Crude reverses earlier rises after US stock builds announced this week Prices have lost previous support, after two weekly reports cited stock builds in inventories, putting a lower ceiling on a recent bullish run.
High freight rates cut bunker demand in Zhoushan, Hong Kong as bunker-only calls decline Ships occasionally deviate from the most direct route between their loading and discharge ports to buy cheaper bunker fuel. However, at current freight rates it is more profitable to complete journeys as quickly as possible to maximize utilization, market sources said.
SOUTH KOREA DATA: Sep oil product demand rises 11.1% on year to 80 mil barrels The monthly demand marked the biggest volume since January 2020 and was up 1.7% from August.
New climate funds could be announced during key discussions at COP26 A $1 billion philanthropy fund was among the significant funds likely to be announced at COP26, along with some others, Singh said, speaking to journalists on the sidelines of the 7th Asia LNG & Hydrogen Gas Markets Conference.
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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