Voith introduces electric Voith Schneider Propeller With growing demand for electric propulsion solutions, the Voith Group is pushing ahead with the continuous electrification of its proven drive technologies and has now launched an electric version of its well-known
Viking first shipping line to gain DNV GL My Care verification of COVID-19 risk management measures Finland's Viking Line has become the first shipping company in the world to have its COVID-19 risk management measures verified under a new DNV GL methodology called My Care. DNV GL says
Rose Point to launch new ECS Fleet subscription software Rose Point Navigation Systems, Redmond, Wash., is to launch its Rose Point ECS Fleet Services feature on July 1. The solution has been beta testing since January of 2020 and is currently
Total Lubmarine opens Chicago test lab Total Lubmarine has opened a new Diagomar Plus Laboratory in Chicago, Ill. With the opening of the Chicago lab, the marine lubricant specialist now has five such centers around the world-with Chicago
Swedish Club defends 5% general increase 'Claims have cost about 2% more with claims inflation, and if you don't keep abreast with that, you will have...
Weekly briefing: Blank sailings increase; oil market sees rebalancing Transpacific container freight rates increased last week due to a shortage of space for cargoes on the back of removed...
LNG shipbuilding loses steam as commodity demand tanks As well as a slowdown in new orders, LNG shipbuilders have to grapple with deferrals of their existing backlogs as...
Maersk sees volumes exceeding expectations in second quarter Earnings should come in above first quarter's after volumes hold up in second quarter
Capesize market boosted by potential short-term drivers The hot spot market is spurring Forward Freight Agreements higher, with July quoted at more than $20,000, up 20% in...
Between the lines: Blank sailings extend into third quarter Transpacific carriers are slated to take out 7% of slot space at the beginning of the third quarter, in addition...
Ports in Southeast Asia need $13bn boost to handle supply chain shift In addition to significant investment in greenfield sites, existing capacity too will require substantial upgrades to serve an influx of...
Changing attitudes will drive progress, say class chiefs The coronavirus pandemic has accelerated the pace of digital transformation; it has also exposed certain safety and humanitarian issues that...
Courts increasingly uphold freedom of contract in shipbuilding cases English law will still be the predominant choice for international shipbuilding in the future because it is providing a track...
EU given warning over state support for carriers Tax reliefs given to carriers should not extend to ancillary services that distort competition
Shipping continues to feel impact of health crisis While some markets have been hit harder than others, the operational challenges have been common to all and shipping leaders...
Daily Briefing Free to read: Swift oil market rebalancing easing floating storage | Crew change crisis: Renewed calls for governments to act...
Remote surveying is here to stay Remote surveying faces issues of transparency, consistency, and a need to retain the human element in surveys, but the momentum...
Throughput figures down at US southeast ports Volumes at the port of Savannah dropped 9.7% in May due to the effect of the coronavirus, with 337,359 teu...
Canadian ports target US Midwest market share Quebec Port Authority chief executive and president Mario Girard said the planned Laurentia container terminal will enable a hub for 'intelligent...
Trade war, pandemic take bite out of french fry orders Washington State Potato Commission wants you to get fries with that burger.
FMC identifies San Pedro Bay container challenges during COVID-19 The U.S. Federal Maritime Commission has rolled out guidance on how the ocean shipping industry can collaboratively improve the flow of containers among ocean carriers,...
Senators blast FAA 'stonewalling' 737 MAX investigation The FAA chief was on the hot seat during a Senate hearing Wednesday looking into reforming the certification process for new aircraft after the 737...
Fewer trans-Pacific cuts signal 3Q demand on the mend New data reveals third-quarter ocean schedules still largely intact - a positive sign on cargo bookings.
Port Tampa Bay slices warehouse operator's payments Port Logistics operates a 140,000-square-foot refrigerated warehouse at Berth 219.
Senate bill targets FAA certification process used for 737 MAX The U.S. Senate is proposing fixes for the FAA certification of new aircraft. It's an issue after the Boeing 737 MAX was grounded.
NWE gasoline crack spread touches 13-week high Amid a continued recovery in the gasoline market, the Northwest European gasoline crack spread - the difference between the premium unleaded gasoline price and Dated Brent - reached $3.70/b on June 16, the highest since March 11.
JXTG's gasoline cargo purchase from Singapore signals demand recovery Japan's gasoline demand is showing signs of recovery following the lifting of its state of emergency, prompting the country's largest refiner, JXTG Nippon Oil & Energy, to snap up at least one MR-sized gasoline cargo from Singapore, which is believed to be the first overseas purchase in months.
New outbreaks, economic uncertainty pose risks to rebounding US driving demand US driving demand is picking back up among commuters and commercial trucks, but it may be too soon to expect rates to return to pre-lockdown levels given potential long-term remote working, the shaky economic outlook and rising infection rates in several major demand states.
Middle East crude steady even as Brent/Dubai EFS widens to over 3-month high Front-month Brent/Dubai Exchange Futures for Swaps spread widened to a three-month high mid-morning of June 17, as market participants await for the outcome of Qatar's Al-Shaheen crude tender that closed June 16 evening.
EIA says total US ULSD stocks draw for first time since March Ultra low sulfur diesel stocks in the US drew for the first time since the week that ended March 27, falling 1.22 million barrels to 160.78 million barrels during the week that ended June 12, US Energy Information Administration data released June 17 showed.
US crude exports log lowest 2-week stretch in 10 months, future declines likely US crude oil export volumes through the first two weeks of June were at the lowest level over a two-week period in more than 10 months, as more dark clouds loom on the horizon of the US export outlook.
Bunker market can expect good supply of VLSFO through 2020: industry expert While pockets of tight availability of 0.5%S marine fuel have been reported recently, most notably in the Mediterranean, the general outlook will be one of good availability over the next few months, Robin Meech, managing director of Marine and Energy Consulting said during the S&P Global Platts European Bunker fuel Virtual Conference on June 16.
VLSFO flows from Europe to Asia down 86% since January Trade flows of low sulfur fuel oil from Europe to Asia have plummeted 86% since the start of the year, following the coronavirus pandemic and difficult economics for an eastward arbitrage as the global market remains well supplied.
US sanctions prompt Greek shipowners to cease Venezuela oil activity Greek shipowners have pledged to stop commercial activity with Venezuela after four oil tankers managed by Greek companies were blacklisted under US sanctions for traveling to the Latin American country.
Singapore July LSFO arbitrage volume similar to June; supply to stay sufficient: traders Singapore is expected to receive about 2 million mt of low sulfur fuel oil from the West in July, similar to June, traders said in the week started June 14.
EIA report supports prices, but crude stays in red on virus concerns NYMEX WTI futures clawed back some early session falls in the June 17 US midmorning following a smaller-than-expected build in US crude inventories last week, but remained in negative territory on signs of the coronavirus pandemic flaring up again.
Vietnam's May gasoil imports jump to 7-month high on returning demand Vietnam's gasoil imports sped to its highest level in seven months in May, as the country's requirements returned following the easing of coronavirus-related restrictions since April 23.
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