Maersk, Ørsted plan major U.S. Gulf e-methanol power-to-X project Getting the new green fuels, such as e-methanol, that shipping needs to meet its climate ambitions will depend on the roll out of power-to-X facilities that can produce those fuels at scale,
Lloyd's Register withdraws services to Russia As Russian aggression in Ukraine continues, more organizations are continuing to cease providing services to Russian-controlled entities. Today, classification society Lloyd's Register (LR) said it is disengaging from provision of all services
Fincantieri Marinette shipyard dedicates new frigate construction facility Leaders from Fincantieri Marinette Marine, the U.S. Navy, and Wisconsin-based Miron Construction dedicated a new facility at the Marinette, Wis., shipyard with a small ceremony on March 8. Employees and guests gathered
Master Boat Builders delivers tug for LNG bunkering ATB In the latest development in the expansion of the U.S. LNG bunkering infrastructure, Coden, Ala., shipbuilder Master Boat Builders, Inc. has delivered the new 4,000 hp tug Polaris to Polaris New Energy.
Clarksons sees potential for 1,300 floating wind turbines by 2030 A new briefing on floating offshore wind from Clarksons Research sees a global potential for 14.5 GW and 1,300 turbines by 2030. Released onto the Clarksons Renewables Intelligence Network, the briefing profiles
TT Barge sells two barge service facilities to James Marine Last month, the James Marine group of companies purchased TT Barge Cleaning Mile 183 LLC and TT Barge Services Mile 237 LLC from TT Barge Service, Donaldsonville, La. "TT 183 and TT
ZeroNorth claims big CO2 emissions savings for ships ZeroNorth AS, the software spin-off from Maersk Tankers in which agribusiness giant Cargill is an investor, says that last year its platform prevented 218,000 tonnes of CO2 from being emitted into the
Virginia Pilots order 10th Gladding-Hearn pilot boat launch The Virginia Pilot Association has ordered a high-speed, harbor pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation. It will be the pilots' tenth launch built by the Somerset, Mass., shipyard. Delivery is scheduled
Wärtsilä scrubbers to be installed in two RoPax newbuilds Under a contract signed last month with China's Guangzhou Shipyard International (GSI), two newbuild 218-meter roll-on/roll-off passenger (RoPax) will be fitted with Wärtsilä exhaust gas cleaning systems. The contract will see Wärtsilä
D'Amico shuns Russia even as tanker rates rise The company had a tanker in Russia's Black Sea port of Tuapse chartered to a trading house when tensions soured...
Russia ports war risk cover surges to 'staggering' levels Ukraine conflict sparks sharp reduction in number of vessels trading to Black Sea/Sea of Azov region, which lowers premium base...
First container freight futures traded London shipbroker Freight Investor Services brokers first trades after CME Group launches contract
Russia resumes commercial trade in Sea of Azov Traffic going in and out of the Sea of Azov ground to a halt on the night before Russia entered...
Hapag-Lloyd warns of rising cost risk After raking in a net profit of $10bn in 2021, Hapag-Lloyd is sitting in a comfortable position. Even so, bunker...
Changing coal flows add to hike in dry bulk rates The trade flow disruption arising from the Russia-Ukraine situation is boosting dry bulk freight rates as tonne-miles increase and charterers...
UK relaunches shipbuilding support scheme Industry sources welcome scheme as far as it goes, but regard it as targeted towards 'less glamorous end of the...
Class societies start pulling out of Russia Classification societies had been holding off from withdrawing class from Russian controlled vessels, but with Lloyd's Register the first to...
Boskalis gets takeover offer from HAL worth $4.6bn The offer price provides a premium of around 28% relative to the ordinary share closing price of €25.30 on March...
Maersk secures green fuel supplies for methanol-powered fleet Maersk has found enough green methanol to run the 12 boxships on order
Call for 'safe corridors' for ships trapped in Ukraine Industry groups are calling for safe maritime corridors to be on the agenda of today's extraordinary session of the International...
Daily Briefing Identifying Russian sanctions risk is industry responsibility, says UK | Rotterdam rules out port bans for Russia ships | Bunkers...
Safe Bulkers to pay first dividend since 2015 as profits rise New York-listed Safe Bulkers currently has no vessels near Ukraine
Rising oil price may fuel piracy attacks on tankers in Asia With their sheer number and close proximity to the shore, supramaxes and panamaxes will be regarded as prime targets for...
South Korean shipbuilding backlog will offset Russian exposure A sizeable Russia-linked newbuilding orderbook is at risk of being scrapped. However, any blow may be cushioned by an abundant...
Costamare eyes boxship sale windfalls on top of record profits Newly acquired fleet of bulkers, now comprising 46 vessels, contributed $41.2m in net income in fourth-quarter 2021
Cosco unit signs pulp shipping contract with Metsä Fibre New deal is an extension to a similar five-year contract between the two parties that expired in the past year
Viewpoint: That pain you're feeling won't be restricted to the fuel pump Consumers will see higher prices in the coming months at their retail and grocery stores as a result of the rise in black gold.
CMA CGM aims to protect endangered whale species via monitoring buoys Vessel strikes are a major threat to whales, so better monitoring of their locations could help reduce collisions.
DAL acquisition part of Hapag-Lloyd's strategic growth in Africa "Africa remains an important strategic growth market. Particularly for our service offering from and to South Africa, DAL is a valuable addition, allowing us to...
Singapore Airlines to fly 777 freighters under DHL's wing DHL runs a big airline, but it doesn't fly the planes. Singapore Airlines is the latest big supplier.
New 757 freighters highlight Amerijet's makeover Customer service hasn't been a top focus at cargo carrier Amerijet. That's quickly changing under new CEO Tim Strauss, who is driving the company into...
When oil is spilled: What happens next? In general, land-based oil spills are more time-intensive to clean up, but oil spreads out more rapidly in water.
Three-tier Baltic tanker ULSD market pushes buyers to seek Middle East, USGC alternatives A three-tier market developed in the Baltic, reflecting a reduced pool of shipowners willing to negotiate with Russian counterparties due to concerns over lines of credit should sanctions cause operational difficulties for Russian traders.
Bunker prices rocket amid soaring freight rates, credit issues With bunker prices at EMEA ports soaring to unprecedented levels, all grades of bunker fuel at ports in both Rotterdam and Gibraltar have reached their highest prices since Platts assessments from S&P Global Commodity Insights began.
Maersk signs fresh sustainable methanol supply contracts but climate goals remain ambitious The company has announced agreements with six suppliers of renewable methanol, which together will deliver 730,000 mt/year to Maersk by the end of 2025, Maersk said in a statement March 10.
UK fuel supplies to adapt to Russian import ban: industry association Government officials have been bullish on the prospects for managing without Russian oil, highlighting the potential to increase imports from around the world, including new refineries in the Middle East, even as oil majors such as Shell - which has no UK refineries - have highlighted the continent's dependence on Russia.
Japan marine fuel 0.5%S bunker east-west spread widens on tight western supply The spread between Japan's marine fuel 0.5%S bunker delivered to west Japan and to Tokyo Bay in the east widened as the country's largest refiner ENEOS suspended taking new orders for loading at Mizushima refinery early March, Japanese bunker traders said in the week of March 7.
Singapore's MPA outlines Maritime Singapore Decarbonization Blueprint It outlines seven key areas of focus. This includes port terminals that will transit to a low-carbon future through the adoption of cleaner energy, automation, and digitalization from 2005 levels by 2030 as well as net zero emissions by 2050.
China independent refiners' Russian crude imports set to fall further from Feb lows While the biggest hurdles in buying Russian crude were mainly related to payment and opening letters of credit, the sector's interest in other crudes has also slowed to a trickle due to skyrocketing global crude oil prices that have sharply eroded margins, sources said.
Hong Kong fuel oil imports fall 21% on year to 2.4 mil barrels in January Most of Hong Kong's fuel oil imports are consumed by its bunker fuel market as it relies on coal and LNG for electricity, industry sources said.
Eni suspends new oil and oil products purchases from Russia According to Eni's 2020 annual report, Russia accounted for 16% of its purchased crude and oil products.
Russia's Tuapse, Novoshakhtinsky revise crude uptake; unable to ship production There has been inclement weather in the Black Sea, which has resulted in export delays, with renewed stormy conditions at the port of Novorossiisk, according to Transneft.
Biofuels may help shippers move to cleaner fuels as UAE, Oman take lead: executives Decarbonization in shipping is an opportunity for the UAE's Port of Fujairah and for Oman, with financing, vacant land and people available, Rahul Chaudhuri, managing director, Asia, Middle East and Africa, for marine fuel testing company VPS, said.
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