New York State releases third competitive offshore wind solicitation New York State Gov. Kathy Hochul today announced the release of New York's third competitive offshore wind solicitation, seeking enough clean, renewable energy to power at least 1.5 million New York homes.
CNO's vision for hybrid future fleet: 350 manned ships and about 150 large unmanned platforms Chief of Naval Operations (CNO) Adm. Mike Gilday has released Navigation Plan 2022 to the fleet. It aims to outline how the U.S. Navy "will build, maintain, train, and equip a dominant
Suderman & Young orders further tugboat at Master Boat Builders Master Boat Builders, Inc., Coden, Ala., has booked a contract to build a new tugboat for Suderman & Young Towing Company of Houston, Texas. The shipyard currently has three tugs under construction
Grain export agreement could see 65% of Ukraine's seaborne capacity reopen There are at least a few hopeful signs that seaborne exports of Ukrainian grain could resume within days. Under a deal brokered by Turkey on July 22, bulkers will be escorted to
Release for Iranian hostage tankers not yet assured, say Greek officials Lawyer for crew families pleads for priority to be given to seafarers' lives rather than oil or sanctions as ordeal...
Ukraine grain corridor readies first shipments Plans are currently underway for the departure of the first ships carrying Ukrainian grain along the newly agreed maritime corridor
Dry bulk forward curve flattens after hype High expectations at the start of 2022 for the third and fourth quarters in particular, emulating last year's trend, have...
Ardmore Shipping reports record second quarter with rates already 53% higher over July Europe's energy crisis, which is driving product tanker rates higher, to persist, say Ardmore Shipping executives
Furetank boosts Vinga-class tanker orderbook New 17,999 dwt tanker is due for delivery in July 2024 and will be able to utilise LNG or liquefied...
No sea change from US regulatory reforms Despite the political rhetoric surrounding its introduction, OSRA22 has limited ambitions. The process of implementing it will take time before...
CMA CGM and MSC buy more secondhand boxships MSC has bought a pair of nine-year-old post-panamax boxships that it previously had on time charter, while CMA CGM buys...
Court of Appeal to decide on Oaktree bareboat terminations Syrian businessman designated by OFAC appeals against forfeiture, arguing the ships are nearly paid off
Columbia gambles on Monaco as shipmanagement aims for high-fliers The manager's ESG report is a bold initiative that reflects core values and emphasises transparency. When it comes to clarifying...
China Merchants Port Group moves ahead with $1.6bn private placement plan The proceeds of the share sale will be used to repay debt and replenish working capital
EEXI and CII should drive a 'mindset of continuous benchmarking' The manager's fleet performance centre will ensure voyage optimisation and CII compliance while increasing vessel energy efficiency. BSM is rolling...
Mexico could be a green fuel powerhouse, says GMF A report by the Global Maritime Forum and University College London says Mexico is uniquely placed to help green shipping...
Lianyungang Port appoints Yang Long as new chairman Previous chairman, Ding Rui, formally submitted his resignation in June
Daily Briefing Russia and China behind 'high-risk' mid-Atlantic tanker transfer hub | Flag states still failing to submit casualty reports | Gambia's...
Gulftainer 'on course for major growth' UAE-headquartered port operator Gulftainer says it has turned a "poorly performing past two years into a significantly positive first half of 2022."
DHL Express kicks off Munich airport expansion, Brazil freighter service DHL is expanding its airport infrastructure in Germany and dedicated route network in the Americas to support growing trade volumes.
Lufthansa cargo shipments slowed by ground staff strike in Germany European airports have experienced plenty of headaches this summer. A strike at Lufthansa is adding to congestion and frustration.
Farnborough's freighter fiesta: Cargo at center of air show action Boeing landed some freighter contracts at the big Farnborough air show but wasn't the only manufacturer making sales on the cargo front.
Mexico can become green marine fuels hub in Latin America: research Mexico should aim to become a supply hub of green marine fuels in Latin America, sitting close to main shipping lanes and home to abundant renewable resources, University College London and nonprofit Global Maritime Forum said.
Petroecuador awards Freepoint 12-cargo fuel oil sell tender Petroecuador sold Freepoint a total of 2.28 million barrels of fuel oil No. 6 in June and July, delivered in 12 cargoes of 190,000 barrels each (plus or minus 10%).
BRAZIL DATA: Higher run rates boost refinery output 8.9% on year in June Brazil registered an 8.9% year-on-year increase in refinery output in June as state-led oil company Petrobras boosted capacity utilization rates to meet growing demand for diesel and gasoline in Latin America's largest economy, the National Petroleum Agency, or ANP, said July 27.
US DATA: Diesel stocks mostly stable except in Atlantic Coast US diesel inventories were largely stable during the week ended July 22 as production and demand were little changed, data released by the US Energy Information Administration July 27 showed.
US DATA: Stable residual fuel oil stocks suggest balanced supply, demand US ending residual fuel oil stocks in the week ended July 22 rose 0.3% to 29.3 million barrels, US Energy Information Administration data showed July 27.
Vopak sees oil storage interest continuing into H2 2022 amid market volatility High prices and low inventories mean the near future is murky for oil storage, but stocks started creeping up in the second quarter, albeit from a low base, and this should continue into the second half of the year, tank storage company Royal Vopak said July 27.
Ardmore MR freight earnings triple as energy crisis deepens product tanker dislocations Physical supply-demand dislocations in the oil products and clean tanker markets, coupled with global low product inventories amid an energy crisis driven by the Russia-Ukraine conflict tripled Ardmore Shipping's time-charter equivalent earnings for Medium Range tankers so far in 2022.
OIL FUTURES: Crude rallies as US inventory draw, Europe gas shortage underscore global supply risks Crude futures settled higher July 27 amid a focus on global supply concerns following a decline in US crude stocks.
Global maritime emissions continue to rise across shipping sectors: SSY Carbon emissions from international shipping have continued to rise this year with growth in "nearly all" sectors, according to London-based shipbroker Simpson Spence Young, better known as SSY.
Zhoushan delivered/ex-wharf marine fuel 0.5%S spread shrinks to 4-month low as stocks build The spread was last narrower at $11/mt on March 16, S&P Global data showed.
FUJAIRAH DATA: Oil products stocks at one-year high with fuel oil in demand In all, fuel oil exports from Fujairah were at an estimated 4.75 million barrels in the week started July 18, the most since November 2021. More supplies have been coming in from Russia, Iraq and, recently, Oman.
European fuel oil exports to Asia rebound VLSFO differentials have also weakened in Europe, despite a small move upwards in price on July 26. 0.5%s barge prices were assessed at $734/mt on July 26, up from $717/mt July 25.
Platts corrects July 27 Singapore crack spread assessments for August S&P Global Platts has corrected the July 27 Singapore product swap crack spread assessments against Dubai crude for August.
Bangladesh August HSFO imports likely to be capped at July levels: source The newly imposed austerity measures during summer will not only lead to some of the HSFO-fired power plants to run at a lower capacity, but some of them are also likely to be shut to save cost, Karim added.
Indonesia launches B40 road trials to raise blending mandates The country has already undertaken multiple measures such as removing export levy and relaxing domestic market obligation rules among other measures to counter falling prices and surging stockpiles, aiming to boost export sales.
Panama June bunker fuels sales rise on month; moderate advance in H1 Total bunker sales in the Latin American hub reached 433,973 mt in June, a 3% or 12,701 mt, increase from May and 15.1%, or 56,820 mt, higher than in the same month in 2021. The volume, however, is still lower than the 486,614 mt record high registered in December 2021.
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