WETA awarded $14.9 million to develop San Francisco zero-emission ferry network The San Francisco Bay Area Water Emergency Transportation Authority (WETA), which operates the San Francisco Bay Ferry Service, has won a $14.9 million grant from the California State Transportation Agency (CalSTA). It
Foremost Group orders two eco-friendly capesizes at Namura New York City headquartered Foremost Group yesterday signed an order with Namura Shipbuilding for two new 185,000 dwt capesize dry bulk carriers that will be among the most eco-friendly in the world.
Owners drawn to wind-assist technology amid high fuel prices In an era of high bunker prices, impending efficiency regulations and additional carbon costs, owners are going back to shipping's...
UK Club cuts deficit as turnaround continues Ever Given insurer describes year's major claims experience as benign, despite shelling out for boxship grounding
Liverpool dock workers to be balloted on strike action Unite union claims 7% pay increase fails to match inflation. But Peel Ports says terms are 'industry leading' and that...
Is China's potential coal ban lifting all that bearish for dry bulk shipping? Analysts are divided about the impact to dry bulk shipping from the emerging news that China is considering lifting restrictions...
Ports seek role in UK's levelling up agenda UK ports in the north feel they can play a role in government plans to redistribute development
Ocean Yield agrees resale deal for another methanol-ready boxship Resale of mid-size boxship to Ocean Yield includes a seven-year charter as part of the deal. Meanwhile, high containership values...
Hafnia issues new shares amid consolidation drive Additional 150m common shares to provide Hafnia with flexibility in possible share issues to raise funds, says chairman
Norton Rose Fulbright appoints new head of Greek offices Banking, finance and restructuring partner has expertise across range of sectors
Container equipment prices set to fall as market equalises Carriers went on an equipment buying spree to meet capacity requirements over the past two years. With demand set to...
SITC expects bumper first-half profit on high freight rates The carrier warned of the risk of overcapacity in the days to come
Study links Singapore bunker sales to pollution Singapore sells about one fifth of the world's marine fuel and more than three times that of any other country
Zeaborn to manage Fednav ice-class bulk carriers Fednav operates the largest fleet of ice-class bulk carriers worldwide with about 120 vessels
Daily Briefing Rise in longer-term charter rates seen for VLCCs | EU coal terminals boost stockpiles ahead of Russian ban | Annual...
US containerized imports keep record pace in June, start strong in July America's goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.
Freighter conversions: More wins for 737-800 as Airbus finishes 1st A320 Boeing, Airbus and independent aviation engineering companies are trying to meet demand for converting standard passenger jets to cargo configuration.
Low water levels disrupt distillates shipments along Rhine system Lower water levels see more gasoline travelling into ARA due to lower freight, greater barge availability.
Crude moves higher amid weaker US dollar, steep equity rally NYMEX August RBOB settled 4.32 cents higher at $3.3075/gal while August ULSD declined 2.87 cents to $3.6268/gal.
IEA grants Ukraine 'association' membership, says invasion could be global energy 'turning point' Alluding to the oil crises of the 1970s, however, Birol said Russian supply shortages could prove a stimulus, both for other sources of gas supply and low-carbon innovation.
Shell, Engie, Vopak to explore liquid hydrogen supply from Portugal to Netherlands A first shipment is aimed for by 2027, it said.
Japan adds pressure on Saudi Arabia for more crude supply The US, Japan, India and the UK have been among the large oil consuming countries, along with the EU, pressuring OPEC and its allies to pump more crude to cool high oil prices and offset the impact of sanctions on Russia, though they have so far been met with a cold shoulder.
ADNOC, TotalEnergies ink deal on product supply, trading, carbon capture The deal follows the signing of the UAE-France Comprehensive Strategic Energy Partnership, which is focused on enhancing energy security, energy affordability and decarbonization, as well as progressive climate action ahead of COP28 that will be held in the UAE in 2023, ADNOC added.
China carbon market still needs to enhance top-level design, roadmap China's national compliance emission trading scheme has been operating for one year.
OIL FUTURES: Crude softens but tight supply outlook curbs losses The lifting of force majeure on Libyan oil exports pushed back against supply concerns that underpinned strong trading on Monday.
Nigeria losing 400,000 b/d oil output to pipeline attacks, theft: NNPC Crude and condensate production averaged 1.403 million boe/d in June, according to data from Nigerian Upstream Petroleum Regulatory Commission.
SAUDI DATA: Oil inventories build to 20-month high as exports fall The world's largest crude exporter sold 7.050 million b/d into the global energy markets in May, which was the lowest volume of exports since January, when it sold 6.996 million b/d, the data showed.
Libya's NOC says five tankers to export crude after lifting force majeure A tanker is scheduled to arrive at the Zueitina terminal to load 1 million barrels of Abu Attifel crude July 20, while a tanker will stop at the Es Sider terminal over July 19-20, the statement said. Two other tankers will arrive at the Ras Lanuf terminal over July 20-21, while another tanker will load 600,000 barrels of Brega crude during the period.
South Korea HSFO bunker spread against Singapore widest in nearly three years A steady pickup in HSFO bunker demand at South Korean ports since July has led suppliers to extend delivery lead times, as an inventory drawdown reduced product availability, traders said July 19.
HONG KONG DATA: May fuel oil imports rise 53% on month to 2.51 mil barrels Although the tightness in high sulfur fuel oil bunkers peaked during the first half of May, the progressive easing of supply situation weighed on bunker premiums since the second half of May, as sellers were able to secure more cargoes to meet downstream demand, market sources said.
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