Awilco Drilling terminates rig newbuilding contract Awilco Drilling PLC reports that a wholly owned subsidiary, AR2, has notified shipbuilder Keppel FELS Limited that it has exercised its contractual termination right under the newbuilding contract for the construction of
Sanmar books another Bogacay Class sale Turkey's Sanmar Shipyards reports that it has sold another of its popular multi-purpose Bogacay Class tugboats to repeat customer Eren Energy. The tug, the Bogacay XXXlll, is the third that Sanmar has
Volkswagen switches two car carriers to biofuels Underscoring the efforts being made by leading corporations to reduce their carbon footprints, Volkswagen Group Logistics is to use certified fuel from vegetable residues for certain new car shipments via marine routes.
Containership size record set to be broken again Ocean Network Express Pte. Ltd. (ONE) has signed a Letter of Intent (LoI) for the 15-year long-term charter of six new Ultra Large Container Ships (ULCS). Each with with a capacity greater
USCG extends merchant mariner credentials In a post on the Coast Guard Maritime Commons blog, Rear Admiral R. V. Timme, U.S. Coast Guard Assistant Commandant for Prevention Policy says that the Coast Guard continues to evaluate the
After delay, WRDA is signed into law A piece of legislation seen as of vital importance by the inland waterways industry, the Water Resources Development Act of 2020 (WRDA) was signed into law Sunday as part of an omnibus
MSC linked to Bocomm's supersized boxship orders Shipbuilding sources said the fresh tonnage was backed by long-term charters from MSC, which has been in talk with Bocomm...
Port of Los Angeles 'under strain' from burgeoning traffic Mr Seroka's remarks coincided with an announcement by AP Moller-Maersk that it is taking container congestion and intermodal equipment scarcity...
Offshore wind installation demand to quadruple in 10 years Heavy-lift offshore wind installation capacity will emerge as a bottleneck, says Rystad Energy. The consultancy predicts that an undersupply situation...
Maersk collaborating to 'alleviate supply chain pain points' Ocean carrier Maersk says it is "working closely with the Agriculture Transportation Coalition and local trucking associations to address their concerns of equipment availability and...
Hapag-Lloyd, ONE order ultra large container ships Hapag-Lloyd and ONE have ordered 12 ultra large container ships, all of which will be able to carry more than 23,500 TEUs.
FreightWaves Flashback: UPS picks MD-11, sets financial course 2000: UPS Airlines has signed an agreement with Boeing Co. to take delivery of 13 MD-11 widebody freighters over the next four years.
Emirates delivers first COVID-19 vaccines to UAE The United Arab Emirates has its first doses of Pfizer coronavirus vaccine thanks to a free delivery from national airline Emirates.
OIL FUTURES: Crude retreats as pandemic concerns overshadow US stimulus bill Crude futures settled lower Dec. 28 as pandemic-fueled demand concerns overshadowed the positive news of the passing of a US stimulus package.
COMMODITIES 2021: Confidence slowly lifts in battered North Sea oil, gas industry The North Sea oil and gas industry enters 2021 picking up the pieces after a vertiginous price collapse, but with an optimism that it has more to give as new companies, projects and exploration help navigate the energy transition.
LNG Croatia set to receive its first commercial cargo for Jan. 1 start: cFlow LNG Croatia is set to receive its first commercial cargo for Jan. 1, the planned start date of the facility, data from S&P Global Platts trade-flow software cFlow showed Dec. 28.
Bunker prices in Argentina edge lower as stoppage by agricultural workers continues Prices for marine fuel 0.5%S in Argentina fell 1.9% from Dec. 21 to Dec. 24 amid a stoppage by oilseed workers and grain inspectors demanding higher salaries.
Asia residual fuel - Key market indicators this week Asia residual fuel markets are expected to be supported in the week started Dec. 27, if not trading firmer than prevailing levels, as the market goes into trading second half January 2021 loading cargoes, traders said.
CHINA DATA: Nov fuel oil exports rise 4.7% on month to 1.28 mil mt China's fuel oil exports climbed 4.7% month on month to 1.28 million mt in November, and were up 17.9% year on year, latest data from the General Administration of Customs showed.
SINGAPORE DATA: Residue stocks drop to one-year low in week to Dec 23 Singapore's commercial onshore residue stocks dropped 10.7% week on week at 20.394 million barrels, or 3.21 million mt, in the week to Dec. 23 due to lower imports, Enterprise Singapore data showed Dec. 24.
BRAZIL DATA: Refinery output jumps 7.1% on year in November Brazil's refineries posted a sixth straight month of year-on-year production growth in November as Latin America's largest economy continued to rebound from the world's second-deadliest coronavirus outbreak, according to data the National Petroleum Agency released Dec. 28.
COMMODITIES 2021: Middle East renewables set to rebound after oil-linked delays The Middle East will be back on track for renewables growth in 2021, with hydrogen taking a growing role after a year of delays and cancellations as major oil-exporting nations focused on repairing state budgets due to low oil prices.
AMERICAS BUNKERS: Key market indicators Dec. 28-Jan. 1 Retail marine fuel spot markets entered the week of Dec. 28-Jan. 1 following a week of bullish demand, but liquidity may slow down heading into the end of the year as demand remains weak.
FEATURE: US Gulf Coast-loading VLCC rates expected to pick up by Q3 Freight rates for US Gulf Coast loading VLCCs and Suezmaxes are expected to remain low until the second or third quarter of 2021, as the coronavirus pandemic continues to hamper tanker demand.
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