Inflation Reduction Act: Good news for offshore Legislation that started life as "The Build Back Better Act" is now headed for likely passage by the House as "The Inflation Reduction Act" and there looks to be a lot in
Singapore: Quah Ley Hoon stepping down as MPA chief The Singapore Ministry of Transport reports that Quah Ley Hoon will be stepping down as Chief Executive of the Maritime and Port Authority of Singapore (MPA) on September 5, 2022. She will
Metal Shark building next-gen military patrol vessel for Guyana Jeanerette, La., headquartered shipbuilder Metal Shark is building a welded-aluminum 115 foot long x 27 foot beam (35 meter long x 8 meter beam) monohull patrol vessel for the Guyana Defense Force
Jim Wunderman to keynote FERRIES 2022 in San Francisco Coming off the heels of a successful New York City presentation last November, Marine Log's 35th annual FERRIES conference is heading to the West Coast, taking place November 1-2 in San Francisco.
EMAR Offshore adds two Damen Fast Crew Suppliers to its fleet Netherlands-based EMAR Offshore Services BV, has bought two built-for-stock Damen FCS 2206 Fast Crew Suppliers. The first, the E-Six, has already begun operations in Angola supporting the local oil and gas industry,
OSG reports profitable second quarter Tampa, Fla., headquartered U.S.-flag tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG) today reported results for the second quarter 2022. Highlights included: Shipping revenues for the second quarter of 2022
No precipitous plunge in container shipping rates, just 'orderly' decline Port congestion and voyage cancellations by shipping lines are preventing a steeper slide in spot container freight rates.
Performance Team breaks ground on South Carolina cold chain facility The South Carolina cold chain facility opening next year will handle Port of Charleston imports and exports of proteins, fruits and vegetables.
Hickenlooper sees US climate, permitting deals aiding scale, pace of energy transition
Kosmos says Winterfell field reserves in US Gulf could be double prior estimate
Democrats close ranks on US reconciliation bill, lifting outlook for climate title
Crude prices bounce back to start the week
ICE LSGO futures net length falls 1,269 contracts on week Open interest in the futures increased 12,908 contracts to 491,822 over the reporting week.
Fuel oil exports from Russia Novorossiisk fall 81% to 35,000 mt in August The exports consist of a 35,000 cargo that will load over Aug. 5-9.
AMERICAS BUNKERS: Key market indicators Aug. 8-12 In the Colombian market, the week was somewhat slow, with a fourth source saying buyers were crouched, and adding that there was a lot of uncertainty regarding Taiwan.
ASIA RESIDUAL FUELS: Key market indicators for Aug 8-12 ** A softening low sulfur bunker premium has fueled optimism that downstream demand may see an uptick in August, market sources said.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators Aug. 8-13 FOB Rotterdam 0.5%S marine fuel barges were assessed at $665.75 Aug. 5, down $75.25 on the week.
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