Briggs Marine orders new pilot launch Burntisland, Scotland, based Briggs Marine has placed an order for an ORC 121 pilot launch with Great Yarmouth, England, based Goodchild Marine Services. This will be the sixth Goodchild ORC in the
VIDEO: Berge Bulk to retrofit Berge Olympus with WindWings Singapore-based Berge Bulk is to retrofit the 210,000 dwt, 2018-built bulk carrier Berge Olympus with four BARTech WindWings by Yara Marine Technologies. The large, solid wing sails will measure up to 50
Sembcorp Marine delivers world's first 8th-generation drillship Transocean subsidiary Triton Atlas GmbH has taken delivery of the world's first eighth-generation drillship, the Deepwater Atlas, from Singapore's Sembcorp Marine. With a three-million-pound hook-load hoisting capacity, the vessel sets a new
BC Ferries: On the mend, but numbers still lag pre-pandemic levels One of the world's largest ferry operators-Canada's BC Ferries-last week released its results for the fiscal year ended March 31, 2022. The good news: traffic, revenue, net earnings and expenditures were all
Corps to host virtual public meeting for Ohio River locks and dam master plan The U.S. Army Corps of Engineers will hold a virtual public meeting on Thursday, July 7 at 6 p.m. (EDT) regarding its preparation of the Regional Master Plan Update for six locks
Gulf Marine Repair shipyard gains Green Marine certification Hendry Marine Industries' Gulf Marine Repair shipyard in Tampa, Fla., has been recognized as a certified Green Marine Participant. Awarded at the recent GreenTech Conference in Montreal, Canada, the certification for environmental
ABS to class second hopper dredge from Conrad Shipyard The second trailing suction hopper dredge (TSHD) that Conrad Shipyard is to build for Great Lakes Dredge & Dock Company LLC (GLDD) under a recently-exercised contract option is to be built to
Angelicoussis agrees $192m en bloc acquisition of Hunter VLCC pair Maran is selling older tankers while waiting for dual-fuel newbuildings next year
Bills of lading case leaves masters in 'tricky position', says lawyer 'Buyers under a fob sale contract will rely on what masters confirm before paying for the cargo and so it...
Shipbuilding: Latest super-cycle gives shipyards the upper hand While ordering activity for containerships may have reached its peak, the appetite for new liquefied natural gas carriers shows no...
Containers: Eyeing the post-pandemic slowdown Box shipping will likely have its most profitable year on record in 2022, but with demand easing and a flood...
Transpacific rate decline expected to continue on suppressed consumer demand Market experts say freight markets remain under pressure, with peak season volumes yet to materialise amid concerns over weaker demand...
Japan Club incurs additional reinsurance contribution Other factors at work in $32m jump in payouts include considerable rise in coronavirus-related payouts
UN finds Ukraine war adds to shipping costs Rising food prices linked to higher shipping costs as grains must be sourced from further afield, according to a report...
CMA CGM continues boxship buying spree CMA CGM has purchased a pair of feedermax boxships from Hong Kong-based owners. At the same time it has bought...
Liner operator pays daily $150,000 for feedermax boxship charter Recent containerships fixtures include a 2,700 teu feedermax unit fixed to a Chinese operator at $150,000 per day on an...
European Council agrees to extend ETS to shipping The European Council adopted its position on the emissions trading system, bringing shipping's inclusion in the carbon market a step...
CSSC yard secures order for up to eight feeder boxships The eco-designed 1,600 teu newbuildings will serve the carrier's Southeast Asia routes
TotalEnergies and MOL complete biofuel bunker trial Biofuel is expected to reduce greenhouse gas emissions by about 17% compared with conventional fuel oil
Cosco Shipping makes further management changes Move is part of the broader management reshuffle seen within its state-owned parent group in recent months
Shipping study flags risk levels of alternative fuels Using ammonia as a fuel poses both high and intolerable risks in some circumstances, so the hazards should be eliminated...
China Merchants orders aframax tanker pair at DSIC Deal is an extension to the order signed last year for a non-scrubber ship of the same size
Daily Briefing Cargoship allowed to leave Mariupol after four months | Box carriers should expect more European delays | Parting words for...
Container ships still renting for $160,000 a day despite import fears Spot freight rates are easing, but in a sign of resilience, container-ship charter rates remain near all-time highs.
Lawmakers want to favor carriers that prioritize US exports Container lines stand to gain from unprecedented berthing priority under a proposal introduced by California lawmakers aimed at helping U.S. exports.
FedEx pilots unhappy as UPS, United take lead on new contracts FedEx pilots want a rich new labor deal to keep up with their counterparts at United and UPS.
Port Houston marks all-time container volume record Container and breakbulk volumes rise as Gulf Coast ports record strong shipping volumes in May.
JAPAN DATA: Oil product exports fall 32% on week over June 19-25 Low sulfur fuel oil exports decreased 20.4% on the week to 233,491 barrels, while high sulfur fuel oil exports slid 23% to 734,112 barrels.
Brooge Energy forms renewables unit with plans at Abu Dhabi port Abu Dhabi, the oil-rich emirate in the seven-member UAE federation, is investing billions of dollars into green and blue hydrogen and ammonia projects as it seeks to capitalize on the global demand for clean energy products. Khalifa Industrial Zone is a unit of state-owned Abu Dhabi Ports.
INDONESIA DATA: April crude imports more than double on month The country imported crude oil from six countries, namely Angola, Congo, Gabon, Nigeria, Saudi Arabia and the United States, up from two countries in March.
OIL FUTURES: Crude eases as market assesses G7 uncertainty, awaits US inventory data Crude oil prices edged lower after three continuous periods of growth as investors evaluated the recessionary pressures arising from supply constraints in the market.
Russia boosts crude output by nearly 5% in June, exports dip slightly: report Production remains below January-February levels of around 11 million b/d, prior to the invasion of Ukraine and subsequent sanctions, with the steepest drop seen in April, to 1.37 million mt/d (10.04 million b/d), Kommersant said, citing an unnamed source "familiar with production statistics."
Oil production test looms for OPEC heavyweights Saudi Arabia, UAE But much of it is from untested fields, and as the core OPEC members face increasing pressure to tame the oil price rally, ahead of a key trip by US President Joe Biden to Saudi Arabia in mid-July, their ability to ramp up production will be critical.
DIRTY TANKERS QUARTERLY: Markets adjust to shifting trade patterns A resurgence of the coronavirus pandemic in China led to a series of lockdowns across the country and reduced crude import appetite from domestic refiners.
FUJAIRAH DATA: Oil product stockpiles little changed as middle distillates exports pick up Total stockpiles stood at 19.373 million barrels as of June 27, down 0.5% from a week earlier, according to the data provided to S&P Global since January 2017. Middle distillates slumped 17% to 2.889 million barrels, the first drop in three weeks.
JAPAN DATA: April bunker sales down 9% on month amid tight LSFO supply Tight supply of low sulfur fuel oil in April led to a decline in bunker inquiries and suppliers reserve the limited availabilities for term contractual nominations, local traders said.
KPI OceanConnect sees 63% rise in 2021-2022 bunkered volumes at Hong Kong Volumes at Hong Kong rose 63% on the year and those in China increased 20%, the company said in a statement June 28, without providing further numbers.
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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