MARAD awards $19.6 million in Small Shipyard Grants The U.S. Department of Transportation's Maritime Administration (MARAD) yesterday announced the award of $19.6 million in grants to 24 small shipyards in 19 states. Made through the Small Shipyard Grant program, the
AIDAprima bunkers with biofuel Netherlands-based biofuels specialist GoodFuels has successfully completed its first bio-bunkering for a large passenger ship. In partnership with Carnival Corporation's AIDA Cruises brand, the 3,286-passenger AIDAprima was refueled with GoodFuels' sustainable biofuels
Eastern Shipbuilding files GAO bid protest of Stage 2 OPC award Panama City. Fla.-based Eastern Shipbuilding Group Inc. (ESG) has filed a bid protest with the GAO contesting the U.S. Coast Guard's decision to award Stage 2 of the Offshore Patrol Cutter (OPC)
Black Sea arrivals rising amid changing trade dynamics Trade in the Black Sea is changing as shipowners adapt to the new wartime norm
Russia and Ukraine reach deal on grain shipment corridors to ease food crisis 'IMO instruments, including the International Ship and Port Facilities Security (ISPS) Code, underpin this agreement for safe and secure shipping...
Flexible solutions bring sustainability a step closer Alternative fuels have held the industry back over the past decade, but fuels will not be the overriding issue going...
Container freight rates continue to ease as demand softens Rising inflation has put a dampener on demand for containerised freight after the bonanza of 2021. But declines in rates...
Getting Ukrainian grain to the hungry really is a matter of life and death Agreement to resume shipments is good news from a commercial standpoint, and even better news for the tens of millions...
Bulk carrier values on the turn With the exception of the capesize sector, freight rates have been on a downward trajectory with values for panamax and...
Shipyards face cancellations over weak freight market and interest rates Yards have built up a large order backlog, with deliveries scheduled up until 2026. This means that construction of most...
Carrier investments could ease detention and demurrage burden High charges will remain until disrupted supply chains are cleared. But carrier investments into intermodal services could help alleviate the...
Membership splits may force maritime trade associations to rethink their role The many organisations representing all sectors of the maritime industry need to decide whether their main purpose is to provide...
Trade associations must deliver to survive At time when organisations representing maritime interests are under the spotlight, Maritime London's success rests on staying focused on the...
The Lloyd's List Podcast: It is time to take another look at recycling Ship demolition rates may be at a 10-year low, but that is exactly the right time to look at the...
EU needs $10.2trn investment to cut energy imports Clean ammonia or alternative clean hydrogen-based fuels - such as methanol - forecast to account for 69% of the total energy in...
K Line to build electric tug powered by battery Company says the shipbuilding project is part of its efforts to achieve net-zero emission by 2050
Tailwind reflags tankers in refinancing deal Tailwind's tanker fleet is employed in the Hansa Tankers pool
Daily Briefing Why 2022 is on course to be the worst ever year for crew abandonment | Dry bulk faces correction due...
Shipping line Maersk taps Amerijet for trans-Pacific air cargo expansion Ocean carrier Maersk is buying three Boeing freighters and outsourcing flying to Amerijet to penetrate the U.S.-Asia air cargo market.
Petrobras boosts Brazil Q2 refinery output 1.7% on higher utilization rates: company Increased refined-product output came as Petrobras maintained refinery capacity utilization rates at elevated levels.
Ukraine and Russia sign deal to allow Ukrainian grains exports to resume The deal was signed in Istanbul by Ukraine, Russia, Turkey and the UN Secretary General.
OIL FUTURES: NYMEX WTI hits three-month low as recession fears mount Demand outlooks came under pressure as preliminary PMI data showed signs of economic contraction in both the US and Europe.
OIL FUTURES: Crude softens on weak European economic data, global recession fears Nord Stream 1 gas flows resumed July 21 at 40% of capacity following 10 days of maintenance during which there were fears operations may not resume.
ARA fuel oil stocks rise 4.42% on week to 1.157 million mt: Insights Global Fuel oil accounted for 22.4% of total refined oil product stocks in the region, down from 21.8% a week earlier.
BUNKERWORD INDEX: HSFO prices pick up amid supply limitations **Rising demand strains HSFO supply in South Korea **Italian ports tight on HSFO, VLSFO **Weak buying interest in North America
European VGO loadings up 31% in week to July 22 European vacuum gasoil markets were better supplied in the week to July 22, sources said, as product cracks have started to trend lower, with the FOB ARA Eurobob 10 ppm barge crack at a 10-week low.
European vacuum gasoil supply soars as distillate cracks soften: sources The European VGO market is historically dominated by Russian-origin product, but in the wake of Russia's invasion of Ukraine market participants have started to shun it, creating a very tight non-Russian VGO market in the months following the invasion.
Russian-origin naphtha exports to Asia rebound in July despite sanctions Prior to Russia's invasion of Ukraine in February, Asian buyers were mainly buying heavy full-range naphtha from Russia, with light naphtha suitable for cracker feed making up a small portion of the Russian inflows, sources said.
SINGAPORE DATA: Residual fuel stocks fall 4.9% in week to July 20 amid higher exports Hong Kong was also one of the major destinations of Singapore fuel oil, taking 83,400 mt in the week, while nearly nil was sent to Hong Kong in the previous week.
SINGAPORE DATA: Bitumen exports fall 28% on week to 43,855 mt The city-state's bitumen outflows to Malaysia rose more than three times to 15,726 mt, from 4,348 mt a week ago, while those to Vietnam surged 34% week on week to 10,850 mt, according to the data.
Japan's Russian crude oil imports fall to zero in June The June Russian crude imports slid from 242,575 kiloliters, or 49,218 b/d in May, compared with its import of 514,843 kiloliters, or 107,942 b/d, in June 2021, the MOF data showed.
DUTCH DATA: H1 crude oil throughput at Rotterdam up on Russian exports to India With refineries in Northwest Europe switching to non-Russian oil, Russian oil is finding its way to other markets, the port said.
CHINA DATA: H1 fuel oil exports slip 7% on year to 9.09 mil mt Encouraged by the rising quotas, Chinese refineries ramped up LSFO production to a historical high of 1.31 million mt in June, up 10.6% on the month and 38.1% higher on the year.
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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