Daniel B. Maffei designated FMC Chairman Pr President Biden has nominated Commissioner Daniel B. Maffei as Chairman of the Federal Maritime Commission. Chairman Maffei is a sitting member of the FMC and replaces Michael A. Khouri in the
Damen updates TSHD range Damen Shipyards is updating its trailing suction hopper dredge (TSHD) portfolio and expanded the range to cover hopper volumes from 650 to 5,000 cubic meters. The updated portfolio includes both dredges for
Svitzer to deploy two new ice-class tugs in Scandinavia region Copenhagen-headquartered towage operator Svitzer Europe has taken delivery of the first of two new specially designed icebreaking tugs that will support its operations in Scandinavia. After mobilizing from Turkey's Med Marine shipyard
Paraná River push boat fleet migrates to Thordon Atria Logistics UABL, one of South America's leading push boat operators, is on its way to completing a fleet-wide retrofit to Thordon's water lubricated tailshaft and rudder bearings. Atria operates a fleet
Seaspan box ship buying binge continues Containership leasing giant Seaspan Corporation is ending March as it began it: announcing another multi-ship newbuilding contract. The company, which is a wholly owned subsidiary of Atlas Corp.(NYSE: ATCO), said today that
Viridis plans for zero-emission ships by 2024 A company aiming to be the world's first zero-emissions vessel operator says that it is already in discussions with shipyards with a view to having ammonia fueled vessels on the water by
MARAD invites applications for $230 million in port infrastructure grants The U.S. Department of Transportation's Maritime Administration has announced a Notice of Funding Opportunity (NOFO) encouraging states and port authorities to apply for $230 million in discretionary grant funding for port and
After Ever Given, what now for marine insurance and ship finance? 'This single case does not put our markets under pressure. The bigger picture is liability, and this is where it...
Green groups plan next steps on black carbon regulation Faced with inaction at the IMO, green groups said they would turn to the EU or Arctic Council to push...
ITOPF: From oil spills to container losses ITOPF managing director Dr Karen Purnell discusses how the coronavirus pandemic has affected the emergency response NGO, which has been...
Bulkers detained in Australia for 'serious' breaches Bulkers detained at Port Kembla in New South Wales and Weipa in Queensland since February will not be released until...
Humble handysizes enjoy their moment in the sun Allied Shipbroking says average earnings for the segment so far this year have been the highest since 2008, while sale...
Globus Maritime posts reduced loss Owner of eight bulkers reports a full-year loss of $17.4m, down from $36.4m in the previous year
Carrier discipline will rein in speculative newbuilding orders The container shipping sector is going through a resurgence in demand for freight and vessels on which to ship it...
MOL will develop wind-powered bulker with Enviva Partnership follows another agreement between MOL and compatriot shipper Tohoku Electric Power to build a 99,000 dwt coal carrier equipped...
AGL LNG terminal decision marks setback for Höegh charter Australia's Victoria state government has rejected the plan for AGL Energy's regasification project, jeopardising chances of a long-term charter on...
Daily Briefing Free to read: Exxon Valdez. Piper Alpha. Ever Given? | Investigation into Ever Given casualty begins | Marine insurers brace for...
Yard Talk | Build-and-scrap subsidy for green ships? Perhaps not Industry expert suggests China should first create a road map from the top that carefully assesses the feasibility of different...
Biden plans to grow US offshore wind industry Secretary of Transportation Pete Buttigieg said the announcement makes 'a critical investment in our nation's ports, which in turn builds up...
Lifecycle emissions take centre stage at IMO Proposals to the IMO for lifecycle emissions assessments of fuels should finally get their time in the sun after more...
ASL Airlines launches UK cargo subsidiary ASL Airlines United Kingdom on Monday flew its first cargo flight with an ATR 72-200 turboprop freighter. It is the first carrier to receive an...
Biden picks Maffei to chair Federal Maritime Commission Biden taps Daniel Maffei to head the FMC amid the ongoing port congestion crisis.
Port of Savannah container capacity lift gets go-ahead The Georgia Ports Authority has approved projects to increase the annual container capacity at the Port of Savannah to over 6 million TEUs from the...
Suez bypass: Good luck finding an air cargo alternative You think you can just book your cargo on a plane to avoid the ocean shipping congestion at the Suez Canal? Guess again. Freighters were...
HMM Nuri slated to transit Suez Canal on maiden voyage The South Korean container carrier expects the Suez Canal backlog to be cleared by the time the HMM Nuri arrives in mid-April.
Will Panama Canal avoid Suez-type logjam? Top exec talks differences The Panama Canal Authority's administrator discusses why he's not worried about a container ship blocking the canal.
ARA 50 ppm gasoil barges at 5-week low versus ULSD on high inland supply 50 ppm gasoil barges in the Amsterdam-Rotterdam-Antwerp trading hub have reached their largest discount to the equivalent ultra low sulfur diesel barges since late February, with sources noting high inland supply of 50 ppm material and low consumer demand.
Kazakhstan not planning to extend import ban on diesel: reports Kazakhstan is not planning to extend the import ban on diesel past April 1, according to local media reports.
Oman's OTTCO signs operating deal paving way for new products terminal at Duqm Oman Tank Terminal Company (OTTCO) has signed two agreements with the Port of Duqm Company on a berth operating license and leasing arrangements, as the port gears up to become a refining, storage and export hub in the sultanate, the Port of Duqm said March 30.
Japan's ENEOS to cut weekly wholesale oil product prices by Yen 1,500/kl: sources Japan's largest refiner ENEOS is expected to cut weekly domestic wholesale base prices of its five major oil products by Yen 1,500/kiloliter ($2.17/b) in the week started March 28 from the previous week, based on a weak crude oil market, multiple sources said March 30.
Libyan oil exports set to rise to near two-year highs in April Libyan crude and condensate exports are poised to jump to a near two-year high of 1.25 million b/d in April, according to S&P Global Platts estimates compiled using data from shipping and trading sources.
Gunvor earmarks $500 million for renewable energy push, targets steep emission cuts Oil trader Gunvor said March 30 it plans to invest at least $500 million under a new renewables energy and non-hydrocarbon technology unit as part of a push to slash its carbon emissions and trade more "sustainable commodities".
OIL FUTURES: Crude futures slide as OEPC readies to lower demand outlook, dollar strengthens Crude oil futures settled lower March 30 amid weakened demand outlooks and a stronger US dollar.
Venezuelan oil sanctions crossroads could come amid summer dearth of diesel US oil sanctions on Venezuela could reach a tipping point this summer if a dire diesel shortage further exacerbates a humanitarian crisis that continues to unfold even as President Nicolás Maduro has strengthened his hold on power.
Suez Canal traffic on the move, more port congestions likely **Almost 400 ships poised to transit key commodity chokepoint **Freight rates start to dip after brief Suez boost
PIMD's Singapore bunker operations not impacted by Balongan fire: source "We don't source any of blending components from there, so there's no impact to our operations; most of our supply is via third-party open market sourcing," a source said.
Tanker freight rates tick lower amid Suez Canal traffic resuming **Fresh fixing activity tests market lower **Despite recent fall market to stabilize at higher levels **Logjam of 360 ships to clear in a week: sources
OOCL sees five container ships redirected via Cape of Good Hope "Suez Canal Authority has commenced navigation and it may take several days to clear the vessels at anchorage nearby," the company said.
Japan's ENEOS to ship high sulfur bunker fuel from Sakai on Wakayama shutdown **Wakayama supplies only high sulfur bunker fuel **Restart date for shipments from Wakayama remains unclear
Sulfur largest culprit for off-spec VLSFOs in 2020, Europe biggest off-spec region: VPS **Sulfur accounts for 45% of VLSFO off-spec tests **Europe largest off-specification region tested by VPS
Fujairah expects oil storage to triple by 2024 as ADNOC, other tenants expand facilities The Fujairah port may add a 10th oil berth to boost interconnectivity with the storage terminals.
Japan's MOL, Kyushu Electric Power ink agreement for LNG fuel supply to ferries Around 50 tons of LNG fuel per day will be supplied via truck-to-ship to these ferries berthed in Beppu Port, MOL said.
Sinopec to leverage hydrogen to meet carbon neutrality by 2050 "We set hydrogen as the main direction for the company's new energy development," Zhang said during the company's 2020 results briefing.
Maersk reinstates Suez route for two container ships after initial diversion They are two of its 72 vessels that Maersk says are at, or en route to, Suez.
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