BOEM moves ahead on Maryland offshore wind project Continuing the momentum to achieve the Biden administration's goal of deploying 30 gigawatts of offshore wind energy capacity by 2030, the Department of the Interior today announced that the Bureau of Ocean
Jan De Nul orders advanced crane simulator The Jan De Nul Group has ordered a high-end crane simulator to support its two next-generation offshore installation vessels, Voltaire and Les Alizés. The crane simulator will be based on real physics
e-Book: Four reasons the marine industry needs low-code development The marine industry is experiencing rapid change, putting pressure on design bureaus, manufacturers, and shippers alike. Managing the growing complexity and evolving to overcome challenges will involve speeding up digital transformation. Low-code
Shipyard that built the Titanic books order to build 11 barges Harland & Wolff may be best known as the builder of the ill-fated transatlantic liner RMS Titanic, but these days its sights are set on somewhat different markets. It has just been
Langh Tech BWMS receives IMO approval in record time Finnish marine technology specialist Langh Tech Oy Ab reports that its LanghBW ballast water management system (BWMS) received an IMO MEPC type approval certificate on May 12, 2022, with USCG type approval
Columbia takes vessel digital twinning to the next level Columbia Shipmanagement (CSM) is again aiming to push industry boundaries by creating a totally SMART and fully digitized "twin" of a jack-up barge under its management. The project is as part of
W&O Supply takes valve management digital One of the largest suppliers of valves, actuated valves, and speciality products to the global marine market, Jacksonville, Fla., based W&O Supply, is launching a digital valve management service. The service, which
Ingalls Shipbuilding christens NSC 10 Huntington Ingalls Industries (NYSE: HII) christened the Legend-class national security cutter (NSC) Calhoun (WMSL 759) June 4 in a ceremony at the company's Ingalls Shipbuilding division. Calhoun (WMSL 759) is named to
Angeliki Frangou sees optimism amid chaos Logistics disruption on the back of lockdowns in key global economies and the situation in Ukraine will be good for...
Ukraine completes first post-invasion seaborne iron ore shipment Ukraine is relying on its neighbours and Danube ports to get cargo on the water
Congestion eases as Shanghai reopens Shanghai is showing signs of normalisation after lockdowns were lifted. But there is unlikely to be a sudden surge of...
EPS to order ammonia dual-fuel gas carrier Eastern Pacific Shipping signs memorandum of understanding with Hyundai Heavy Industries in South Korea for the gas carrier, which could...
Latsco returns to big tanker operations with iconic VLCCs Very large crude carriers are the Latsis group's first for decades and are hoisting the Greek flag
War and pandemic 'good for shipping' Disastrous political and economic events have been good for shipping as uncertainty keeps the orderbook low and extends the distances...
The week in newbuildings: Boxships worth $4.5bn ordered In the past week, orders have been racked up for 16 bulk carriers, two LNG tankers and four pure car...
Maritime service recognised in Queen's Birthday Honours Harry Theochari, Capt Andrew Moll, Andy Harmer and Capt Mike Morris recognised for their contribution to shipping
The week in charts: Demolition market stagnates | Carbon pricing to dominate regulation debate | Smaller-sized bulk carrier segments lead spot rate gains Carbon pricing will continue to dominate the regulation debate while operators get to grips with short-term measures next year. LNG...
Bangladesh inland container terminal fire leaves 49 dead Unmarked dangerous goods have been implicated as the cause of an explosion and fire at an inland terminal. Initial firefighting...
First Ship Lease's detained tanker leaves anchorage in India The vessel is sailing to Singapore and is expected to reach the city-state on June 14
Posidonia opens as global shipping descends on Athens Event reflects the drawing power of Greek shipowners but the exhibition centre will need more space for future Posidonias, organisers...
Jiangnan Shipyard secures order for LNG carrier trio The unit price of the newbuildings is slightly higher than that of the same LNG carriers Adnoc ordered in March...
KSOE yard wins LNG carrier order worth over $450m The company has won orders for 97 vessels totalling $11.7bn so far this year, achieving 67.3% of its annual order...
VLSFO prices expected to rise further amid supply shortage There is a lack of financing to access supplies and bring these on shore, according to traders
MISC names Rajalingam Subramaniam as chief executive Capt Rajalingam, who is a former vice-president of fleet management services of MISC Berhad, has served as chief executive of...
Carbon price and clean fuel standards on agenda at IMO After more than a decade of division, the IMO's Marine & Environment Protection Committee this week considers a 'basket of...
Performance Team opening cold storage facility in New Jersey Maersk said it can provide end-to-end supply chain solutions with its ships calling its APM Terminals Elizabeth, followed by clearance through Maersk Customs Services and...
Supreme Court rules airline cargo handlers exempt from arbitration The Supreme Court said that a Southwest Airlines employee doesn't need to go through arbitration to pursue a claim for overtime pay.
Digital freight forwarder Shifl builds index of ocean shipping rates "Shifex has tremendous insight and we hope to inspire other freight forwarders to come out, be transparent about pricing and move this industry forward," said...
Viewpoint: It's too soon to celebrate Shanghai reopening SONAR helps break out key trade hot spots in CNBC Supply Chain Heat Map
Russia's Novorossiisk diesel exports crash in June amid self-sanctioning Exports of ultra low sulfur diesel from Russia's Black Sea port of Novorossiisk in June are set to fall 75% month on month to 105,600 mt, according to a copy of a loading program seen by S&P Global Commodity Insights.
Russia says it can bypass EU ban on insuring maritime oil deliveries to third countries The EU said in a statement June 3 that its sixth sanctions package prohibits EU operators from insuring and financing seaborne transport of Russian oil to third countries after a wind-down period of six months.
OIL FUTURES: Crude rises on continued supply woes, Chinese demand boost OPEC+ agreed at its June 2 meeting to hike output by 648,000 b/d for July and another 648,000 b/d for August, up 50% from its 430,000 b/d monthly increase of recent months.
ARA diesel, gasoil stocks fall 1.12% on week to 1.498 mil mt: Insights Global Stocks are now 32% lower than the same period in 2021.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week Markets for 0.5%S marine fuel remain tight across Europe and the Mediterranean, with more European barrels expected to head east.
ARA fuel oil stocks drop 3.5% on week at 1.06 million mt: Insights Global Supply of fuel oil remained tight across Northwest Europe sources said recently.
Fuel oil loadings from Russia's Novorossiisk seen at 205,000 mt in June This is up 31,500 mt from the 173,500 mt that loaded from the port in May.
Transparency, integrity of carbon markets in focus, as CFTC seeks input CFTC Chairman Rostin Behnam said the agency must build its capacity to oversee carbon offset derivatives markets, pursue potential fraud or abuse in underlying markets, and promote responsible innovation and fair competition.
World needs oil, gas for another 20-30 years, and the time to invest is now: Hess CEO As countries open up after the coronavirus pandemic, a number of forces are combining to tighten oil supplies, Hess said in webcast remarks at the Bernstein Strategic Decisions conference in New York.
Asia residual fuels: Key market indicators for June 6-10 Asian marine fuel 0.5%S supply is expected to be tight this week as sulfur cutter stocks continue to flow to the gasoil and gasoline markets, whose margins are higher.
South Korea-delivered 380 CST HSFO bunker premium falls to 3-month low on ample supply Traders expect intensifying competition from the world's largest bunker hub of Singapore to weigh on demand in South Korea in coming weeks and further pressure delivered bunker premiums.
Front month open interest for Singapore ICE HSFO contracts rises 1.6% in May The increase was driven by a 15.6% rise in the front-month Singapore 380 CST contract to 4.22 million mt, and a 14.2% rise for the front-month Singapore 180 CST contract to 891,000 mt.
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