Master Boat Builders featured on Discovery's hit series "Dirty Jobs" As Mike Rowe, host of Discovery's popular reality series "Dirty Jobs" always says, "it's a dirty job, but somebody's got to do it." And at shipyards, such as Coden, Ala.-based Master Boat
Equinor and BP sign milestone New York offshore wind agreements Setting the stage for the start of investments in key port and infrastructure developments, Equinor and BP have finalized Purchase and Sale Agreements (PSAs) with the New York State Energy Research and
WasteFuel launches bio-methanol marine fuel solution California-based biofuels start-up WasteFuel has launched WasteFuel Marine, a renewable fuel solution for the shipping sector. Perhaps not surprisingly, given that Maersk is an investor in the company, WasteFuel Marine's initial product
NYK Line orders 4 LNG-fueled Capesizes Japan's NYK Line has placed orders for four LNG-fueled Capesize bulk carriers at three shipyards. Three will be built in Japan (two at at Nihon Shipyard, one at Namura Shipbuilding) while the
Washington State Ferries ridership rebounds Annual ridership aboard Washington State Ferries (WSF) reached 17.3 million in 2021, an increase of almost 3.3 million ferry customers on 2020's pandemic numbers. The uptick took ridership in 2021 to roughly
Wellness: Influencing a goal in the new year By Emily Reiblein, Director HSSE - Crowley Logistics A new year often brings with it a resolve to exercise more, lose a bit of weight, and formulate a wiser, faster, thinner, and
Op-Ed: Using data for less congested, more sustainable ports By David Yeo, Founder and CEO of Innovez One The phrase "think globally, act locally" couldn't ring more true when it comes to tackling some of the most critical challenges faced by
Maersk again ups profits guidance Looks like A.P. Moller - Maersk A/S won't be strapped for cash as it plans a new generation of methanol fueled box ships and ratchets up its decarbonization ambitions. Maersk is reporting
Q&A: 10 Minutes with Fincantieri Bay Shipbuilding In a ceremony held December 3, 2021, Sturgeon Bay, Wis., shipbuilder Fincantieri Bay Shipbuilding delivered the 340 foot long, 5,500-cubic-meter LNG bunkering barge, Clean Canaveral, to Polaris New Energy. The vessel, which
Teekay LNG to become Seapeak Teekay LNG Partners L.P. (NYSE: TGP) today reports that its previously announced acquisition by investment vehicles managed by New York City headquartered Stonepeak has completed. With the $6.2 billion deal done, the
Making charterers pay for carbon is a first step. Now for all the others Recognition from Brussels - still far from certain - that charterers should pay for their emissions is a start. But...
Tanker pool launches carbon offsets 'While compensation is not the total solution to greenhouse gas emissions reduction in shipping, it can play an immediate and...
Signs of life detected among European shipping banks A recent tabulation by Athens-based consultancy Petrofin identifies the new market leader as Banque Nationale de Paris, with a book...
Capesizes in freefall as concerns over Brazil remain Limited activity from Brazil sends spot capesize rates tumbling to below this time last year, although earnings are still above...
Cyprus launches open platform for 'honest discussion' in maritime sector The launch of the Cyprus Open Maritime Exchange was the first task out of 35 concrete actions envisaged under the...
Technology is key for resilient and sustainable global trade Enabling the exchange of shipping data among industry stakeholders will help create a more resilient and sustainable global supply chain
New global supply chain index shows pressures at historic high The data set integrates 27 variables covering global transportation costs and country-specific supply chain measures
Los Angeles extends mandate for dwell time fee Dwell times at Los Angeles and Long Beach have decreased since the yet-to-be-used threat of steep fines was first introduced...
ONE boxship loses 60 containers in Atlantic The 14,000 teu ship has been rerouted to the US east coast port of Charleston for a detailed assessment of...
Simpson Spence Young buys Greek shipbroker Move extends physical presence in Greek capital, where the firm recently opened new offices after shutdown of earlier foray into...
Creditors seek DSME owner after EU rejects Hyundai merger The European Union's veto on the proposed merger between Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries is fuelling...
Torvald Klaveness appoints Meyer as chief executive Ernst Meyer joined Klaveness in 2019 after working for almost 20 years at DNV in various executive roles. He succeeds...
Maersk lifts full-year guidance again Despite a fall in volumes on the previous year, fourth-quarter average freight rates were 80% higher. Market conditions for container...
Hamburg drops in maritime city ranking as Singapore maintains grip on top Latest scorecard for maritime clusters suggests London is unharmed by Brexit, but Hong Kong and Hamburg are suffering
Daily Briefing Owners with upper hand keep boxship charter rates at record highs | Green lobby seeks harder deadline as shipowners hail...
Maersk Tankers' transition from traditional owner to commercial manager shifts focus from ships to people Christian Ingerslev, chief executive of Maersk Tankers, says concentration on commercial management after the sale of its technical management business...
Gebrüder Weiss offers 'zero-emissions' ocean, air service "Climate protection is an issue that impacts everyone. While we can work towards this goal internally, we also wanted to provide an opportunity to enroll...
Container xChange warns of 'ripple effect of disruptions one after the other' "The global supply chain will be further strained because of these lockdowns in China and the result would be a further gap in global demand...
FedEx Logistics charters vessels to move China exports, rail containers FedEx Logistics is the latest company to find an alternative to big-port congestion by taking freight business to the Port of Hueneme in California.
European marine fuel backwardation hits two-year high amid tight supply Market participants linked the lack of marine fuel to worldwide tightness in sweet crude.
REFINERY NEWS: Iran's Behin Pars Qeshm goes online Iran has launched the first phase of a 70,000 b/d extra heavy crude plant in the Persian Gulf's Qeshm island, state television reported Jan. 14.
REFINERY NEWS: Kuwait's KNPC says Mina al-Ahmadi refinery operating normally after fire A fire had erupted earlier in the day at a gas liquefaction unit at the port refinery, which was offline due to maintenance, the company said on Twitter.
EUROPEAN VGO: Five vessels load in week to Jan. 14 The US feedstock market, which is normally the largest importer of European high sulfur VGO, saw prices weaken since Jan. 7 as demand remained covered from Saudi Arabian VGO exports from the Jazan refinery. This will continue to tighten the arbitrage to the US for European VGO exporters.
ARA fuel oil stocks down 11.3% on week at 1.033 mil mt: Insights Global Fuel oil stocks in the region represented 20.1% of total refined oil products stocks in the region, which is lower than last week's percentage share at 22.6%.
OIL FUTURES: Crude underpinned by strong demand outlook Market sentiment was expected to remain buoyant amid recovering demand as countries shift away from zero-COVID policies and inventories fall, analysts said.
BUNKERWORLD INDEX: Values climb on supply constraints, crude optimism *COVID restrictions limit bunker schedules in Yangtze River *Limited VLSFO supply at key Mediterranean ports *Tightness at Panama may be alleviated by Ecuadorian supplies
Japan-bound coal carriers among 18 ships approved to depart Indonesia: METI Once they depart Indonesia, these coal carriers would arrive Japan in about nine days, when it will still be in the midst of power demand season.
SINGAPORE DATA: Residue stocks rise 6% in second consecutive weekly increase Although total fuel oil imports dipped 2% to 1.08 million mt in the week ended Jan. 12, low sulfur fuel oil arbitrage arrivals in Singapore in January are expected to increase by about 600,000-700,000 mt from December, fuel oil traders said.
CHINA DATA: Crude imports rise 20% on year to 10.9 mil b/d in December The imports in December were up 6.8% from November and represented a second continuous month-on-month recovery from the 39-month low of 8.94 million b/d seen in October.
Mass flow meters deliver clear benefits for bunker industry: ExxonMobil Last year, a survey conducted by ExxonMobil, in collaboration with Bunkerspot, showed that of the total sample polled, 50% of ship operators said bunker disputes were common.
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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