NOIA praises Manchin's Inflation Reduction Act provisions When President Biden signed the Inflation Reduction Act into law, among those coming away from the ceremony with a signing pen as a souvenir was Senator Joe Manchin (D.- W.Va.) who cosponsored
Ulmatec selected to deliver key component of Chouest SOV Hareid, Norway, headquartered Ulmatec Handling Systems AS has been selected to supply a 32-meter motion compensated gangway and logistics support systems for the ECO Edison, the first U.S.-built Jones Act service operation
Seven indicted in Port of San Juan labor racketeering case Carlos Sánchez-Ortiz, president of ILA union local 1740, was among seven people arrested in San Juan, Puerto Rico, Monday, and indicted on labor racketeering charges. According to W. Stephen Muldrow, U.S. Attorney
World's first hydrogen-fueled tug features Schottel propulsion Launched earlier this year by Spanish shipbuilder Astilleros Amon, the world's first hydrogen-fueled tug, the HydroTug, will be among the cleanest vessels in the fleet of the Port of Antwerp-Bruges in Belgium
Ribcraft enters production phase of $80 million Navy contract Marblehead, Mass, based rigid inflatable boat specialist Ribcraft USA reports that it recently entered the production phase on its five-year IDIQ contract with the United States Navy to build the standard 7-
Bulk of Ukraine grain ships changing course after clearance Lloyd's List Intelligence data shows a number of vessels deviating or changing destination. One bulker has called in Greece to...
Alarm sounded over safety of STS operations Majority of STS operations are done by smaller local or regional operators with unverifiable safety management systems, says risk assurance...
Zim reaffirms 2022 guidance after posting second-quarter net income of $1.34bn Zim attributed lower volumes to US port congestion while average freight rates across its network dropped by 6.5% in the...
International Group insured ships that may have breached Russia sanctions Some owners 'now innocently conducting an illegitimate voyage', notes lawyer
First Spanish bank joins Poseidon Principles CaixaBank is the first Spanish financial institution to join the initiative, which is made up of 28 signatories
Sharing maritime data can save lives and cut costs There is a wealth of data and experience in shipping that could, and arguably should, be shared for the greater...
Wallenius Wilhelmsen could order newbuildings by end of year Chief says Wallenius Wilhelmsen will only invest in newbuildings if they provide a clear step to zero-emission targets
SFL buys four suezmax tankers linked to long-term charters with Koch The John Fredriksen company is acquiring the modern vessels for $222.5m with delivery expected between August and October
Globus sees healthy bulker market 'for foreseeable future' Although we have recently seen (time charter rates) easing back a bit, nearly all the markets are well above trend,'...
Transpacific bet pays off for smaller container lines There were big margins to be made for carriers who expanded on the transpacific trade during the pandemic. But the...
Reefer freight rates still rising despite slowing demand growth Demand this year has been muted and rates growth is expected to ease. But rates will remain more buoyant than...
DSME takes hit on labour strike and Russia sanctions DSME had set provisions for various risks that may arise in the future, the company said
CSSC chairman dropped from management list The most senior leader currently shown on the company's official website is general manager Yang Jincheng
Altera Infrastructure files for Chapter 11 debt restructuring Altera, which has missed payment on a $250m bond and has extended certain loan payments, has entered a restructuring support...
Daily Briefing Hopes rise for Iran-held tankers' release after STS in Greece | European shipowners wary of lifting grain from Ukraine |...
Turning point? Port of LA boss sees imports 'easing' lower in August With East Coast ship queues high, port executive Gene Seroka says: "For cargo owners looking to rechart their course, come to Los Angeles."
Container line Zim hit by exposure to falling spot rates Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.
Hellmann Worldwide Logistics takes control of Peru air forwarder Hellmann Worldwide Logistics took another step in its drive for global expansion by buying out its partner in Peru.
Cathay Pacific freighter fleet overcomes 'double hell' of July typhoons Hong Kong's COVID rules have handcuffed Cathay Pacific's pandemic recovery, and typhoons last month wreaked havoc with freighter deployments.
Libyan crude output recovers to 1.211 million b/d, says NOC Libya's oil sector has been severely impacted by ongoing political turmoil, with various groups seeking control of NOC and its revenue.
Asia-delivered Brazilian crude sentiment turns dour on tepid demand, supply uptick As China's Shandong independent refineries pivoted towards competitive Russian crude oil, buying activities for Brazil's Tupi crude from the domestic teapots largely dried up.
Japanese utilities' LNG stocks increase, up almost 4% on week to 2.39 million mt The Aug. 14 LNG stocks were up from 2.3 million mt Aug. 7, marking the fifth consecutive week-on-week increase, METI data showed.
Fujairah's role as major fuel oil hub grows since Russia-Ukraine war The UAE's eastern port of Fujairah is now a key supplier of fuel oil to the US, and it is also importing record amounts of Russian fuel oil, all of which has transpired in the past few months.
REFINERY NEWS ROUNDUP: Asia-Pacific sees limited maintenance A refinery in Sri Lanka is due to restart while Malaysia's RAPID is expected to reach full capacity by the end of the year after restarting in May.
FUJAIRAH DATA: Oil product stocks scale back from 20-month high as logjams ease Total oil product inventories fell 1.4% to 23.770 million barrels on the week, according to data from the Fujairah Oil Industry Zone provided exclusively to S&P Global Commodity Insights on Aug. 17.
OIL FUTURES: Brent price weakens despite API report suggesting lower US stocks Trading sources had earlier in the day attributed wider increases in crude futures to the API's weekly report, released overnight, showing a 448,000 barrel fall in US crude oil stocks in the week to Aug. 12.
OPEC not to blame for high energy prices: Secretary General The International Energy Agency previously said that investment levels are not sufficient to combat the energy crisis and remain well below 2019 levels.
SAUDI DATA: Crude exports rise even as domestic demand hits five-year high The world's largest oil exporter brought more supply to the market to meet calls from consumers to ease high oil prices.
UAE's ADNOC partially resumes Fujairah Murban loadings following flooding Exports of Murban at Fujairah resumed Aug. 12, with 193,000 b/d exported from the port over Aug.12-16, according to Kpler shipping data.
European fuel oil exports to Asia seen rising amid sanctions against Russian-origin HSFO Fuel oil exports from Italy will be the largest, accounting for 158,000 mt. Russia will be the other country exporting fuel oil, totaling 115,000 mt.
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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