ProZero participates in EU funded short sea shipping project Danish workboat producer ProZero International reports that it is one of the participants in an EU funded project called MOSES that aims to increase the short sea shipping component of the European
VIDEO: Kanfer and CGR cooperate on liquid methane bunkering vessel Norway's Kanfer Shipping AS has reached a licensing and development agreement to market a liquid methane bunkering vessel (LMBV) design developed by another Norway-based company, CGR Arctic Marine. According to Kanfer, the
MAN Energy Solutions to make massive job cuts Preparing for "a prolonged period of stagnant sales as a result of the COVID-19 pandemic," the executive board of MAN Energy Solutions is launching what it calls a comprehensive program to ensure
ABS to class first West Coast LNG bunkering ATB ABS is to class the 4,000 cu.m. LNG bunkering barge that Cryopeak LNG Solutions Corporation and Island Tug & Barge Ltd. plan to operate on the North American west coast from 2023
House passes NDAA that bundles in significant maritime provisions H.R. 6395, the William M. (Mac) Thornberry National Defense Authorization Act for FY2021, was passed by the House yesterday by a vote of 295 to 125. Like many complex pieces of legislation,
Huntington Ingalls makes strategic equity investment in Sea Machines Robotics Boston-based Sea Machines Robotics, a leading developer of autonomous systems for ocean-going vessels and workboats, reports that it has closed a new $15 million financing round with significant participation by Huntington Ingalls
Schottel introduces new medium-sized azimuth thrusters Spay, Germany, based propulsion specialist Schottel has delivered the first units of a new series of medium-sized azimuth thrusters. The M-series consists of several rudder propeller sizes covering a power range of
Seafarers disembark after months trapped on vessel Some three-quarters of crew changes on the world's international fleet of 50,000-plus ships have not gone ahead since the global...
Weekly briefing: Mixed signs for containers market, US gets new crude terminal Poor box throughput figures at US west coast ports continued last month but there are signs carriers are gradually...
Wilhelmsen deal with MPC may be a paradigm shift for Hamburg The deal makes immediate sense for MPC, but could it prove the catalyst for something bigger?
Volatility likely to remain in dry bulk While the demand side is looking robust, the supply of vessels looks tight, Breakwave says
Low-carbon pioneers compete for stake in untapped market A new study by Blue Insight found there more than 40 projects and organisations pushing to gain a foothold in...
New shipping group link to newbuilding MR tankers The vessels are expected to be delivered in the third quarter of next year
Low fuel prices push up scrubber payback periods Carriers are still benefiting from lower bunker costs despite closing spread for low-sulphur fuel
Daily Briefing Free to read: Stranded seafarers make direct appeal for more action on crew changes | Is shipping to blame for...
Lender moves against Hin Leong's vessel-owning affiliates The bank pointed to the fact that Hin Leong founder OK Lim had admitted to improper financial reporting for several...
Singapore sees rising cases of coronavirus-infected crew All parties have been urged to adhere to MPA's crew change regulations because any non-compliance may result in any or...
Evergreen told to improve stowage after cargo loss Combination of factors resulted in a loss of integrity for the whole deck cargo bay
Cosco sets up tanker unit in Hainan to support national strategy CSET says the arrangement is an important step for the company in implementing the national maritime strategy to turn Hainan...
Port of Charleston expects uptick in throughput from new Walmart facility The new distribution centre is the latest development in Walmart's 20-year-old 'four-corner' strategy that entails using multiple ports on the...
US retailers urge national mask policy to boost demand The decline in retail sales has had a clearly negative effect on container shipping, according to Hapag-Lloyd chief executive Rolf...
Shipping stock pickers turn down the volume - way down An analysis of daily traded values and volumes of tanker and dry bulk stocks.
Maersk on board journey to zero emissions World's largest container shipping line is "committed to a carbon-neutral future of transport and logistics."
Fire extinguished on Ethiopian Airlines freighter at Shanghai airport An Ethiopian Airlines plane suffers extensive damage in a fire at Shanghai Pudong airport.
Amazon plans new facility in El Paso, brings 700 jobs Amazon will offer a minimum starting wage of $15 per hour in El Paso
LATAM lands Brazil's last COVID-19 emergency air bridge flight Latin American airline mobilized five Boeing 777 passenger planes to move 1,200 tons of N95 masks on board 39 cargo-only flights from China to São...
Global mobility flatlines as fears over rising COVID-19 infections escalate Energy demand indicators in the world's biggest oil-consuming countries suggest the economic recovery from the COVID-19 pandemic is flatlining, and in some cases retreating, amid growing concern over an acceleration in infections globaly.
Venezuela's diesel suppliers urge US not to block the shipments crucial to power supply Suppliers of Venezuela's diesel imports are working to head off any attempts by the Trump administration to block their diesel-for-crude swaps, arguing the still-allowed shipments are crucial for humanitarian purposes like power generation and agriculture.
Brazil's Petrobras Q2 refinery output slides 7% on year: report Brazilian state-led oil producer and refiner Petrobras registered a 7% year-on-year decline in refinery output in the second quarter, despite signs of a gradual recovery that lifted refinery capacity utilization rates to return to pre-pandemic levels in June.
Tropical Storm Gonzalo forms in Caribbean, could reach hurricane strength by Thu Tropical Depression seven was upgraded to Tropical Storm Gonzalo early July 22 as the storm's wind speed picked up to 75 miles an hour, and expectations are for it to reach hurricane status by Thursday, according to the National Hurricane Center data.
OIL FUTURES: RBOB climbs from morning lows; crude lower following US build Prompt NYMEX RBOB futures climbed from early session lows midmorning July 22 after US Energy Information Administration data showed a decline in US gasoline inventories, but rising US crude inventories and flagging refined product demand held the oil complex in the red.
S Korean bunker fuel suppliers ink Q3 term contracts at $15-$20/mt discount Term contracts for the supply of marine fuel 0.5%S at the main South Korean ports of Yeosu, Busan and Ulsan for the third-quarter concluded at between $15-$20/mt discount to the Mean of Platts Singapore Gasoil 10 ppm assessments, market sources said July 22.
Brazil's Petrobras Q2 refined product sales sink 14.2% on year Brazilian state-led oil company Petrobras registered a 14.2% year-on-year tumble in refined-product sales during the second quarter, but also reported signs of a nascent recovery in Latin America's biggest market, according to the company's latest production and sales report.
Crude edges lower as US stimulus hopes offset US-China tensions Markets were balancing bearish US inventory report showing crude stockpiles, production both up week ended July 17.
Singapore fuel oil narrowing contango may force traders to short stocks: sources "VLCC rates have dropped, and storing costs are getting lower. But the current contango does not make economic sense," said a trader.
Singapore Aug ex-wharf marine fuel term contracts settle lower on sluggish demand "There were slightly more inquiries for [Singapore-delivered marine fuel 0.5%S] this week because crude oil price went up," a trader said.
FUJAIRAH DATA: Stocks drop after Saudi prince warns of power demand pickup Inventories stood at 25.342 million barrels, down 5.7% on the week and the lowest since April 27, according to data released July 22.
Bangladesh begins importing 0.005% sulfur gasoil as climate action looms BPC will import around 4.5 million mt of 0.005% sulfur gasoil annually to meet domestic demand, Hasan said.
North Asia high sulfur bunker fuel demand jumps in July as more ships install scrubbers: traders Supply of the grade was tight in Hong Kong as scrubber-installed ships have been taking big stems.
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