Tideline Marine talks small-scale ferry operations at FERRIES 2021 This year's presentation of Marine Log FERRIES conference is now just over two months away and the program is rapidly shaping up. The event will take place November 9-10 on the New
USCG conducts underway inspections of small passenger vessels off California In the wake of the deadly fire on the dive boat Conception, safety compliance checks are being conducted underway on smaller, U.S. inspected passenger vessels operating off the California coast. The checks
DDG 1002 conducts builder's trials The U.S. Navy's Program Executive Office Ships (PEO Ships) reports that the future USS Lyndon B. Johnson (DDG 1002) recently conducted builder's trials. The ship is the third and final vessel in
Ida: Recovery efforts get underway As parts of the eastern U.S. woke up today to deal with the lingering but still damaging effects of the remnants of Ida, recovery efforts in the Gulf Coast area continued. Many
Corvus and Sanmar sign MoU Corvus Energy and Sanmar Shipyards have signed a Memorandum of Understanding (MoU) aimed at developing a range of zero-emission and hybrid tugs based on Robert Allan Ltd designs and with bollard pulls
Fednav orders 10 super-eco lakers Montreal, Quebec, headquartered Fednav Limited, Canada's largest dry bulk shipping group, has signed an agreement with Sumisho Marine Co., Ltd. and Oshima Shipbuilding to build ten new ocean-going lakers. The ships will
Optimizing combustion to reduce black carbon emissions in the Arctic Reducing black carbon emissions is one of the few avenues by which shipping can have an immediate and tangible impact on climate change in the Arctic. FUELSAVE's CEO and co-founder Marc Sima
Weekly Briefing: Bulk is a box sideshow | Dry S&P sizzles | Tankers await 2022 fizz Yes, technically you can carry a box on a cape, but throwing a few containers (if you can find them)...
Marshall Islands doubles down on $100 emissions levy plan In a more detailed proposal to the International Maritime Organization, the Marshall Islands and the Solomon Islands suggest that a...
Owners risk losing all with wrong decarbonisation calls 'It is very clear today that for a shipping company - any shipping company - the risk linked to decarbonisation...
Study reveals gaps in effective Ecdis use The UK's Marine Accident Investigation Branch, along with its Danish counterpart, have issued a report on how Ecdis is being...
Navios Holdings benefits from charter rate recovery in second quarter Bulker owner is optimistic about market outlook as it seeks to address looming bond maturities
Svitzer explores innovative partnership with towage customers The harbour towage specialist is developing new ideas to add value for its customers. And while discussions about automation continue...
'Poseidon Principles for marine insurance' scheme in development Industry insurers invited to sign up for scheme committing them to annual declarations of clients' carbon footprint, Global Maritime Forum...
Shipping costs threaten survival of small businesses Container line revenues have soared despite costs remaining largely flat. But the 'meltdown' in box shipping is being paid for...
Cosco piles up orderbook with 10 more newbuilds in $1.6bn deal Nantong Cosco KHI Ship Engineering Co and Dalian Cosco KHI Ship Engineering Co will each construct five 16,000 teu ships...
Growth returns across Yilport's portfolio The pandemic knocked port throughput in the first half of 2020. But Yilport still has ambitions to become a top...
Corpus Christi port eyes CO2 storage facility The port of Corpus Christi will work with the Texas General Land Office to develop a CO2 storage facility to...
MOL proceeds with arctic LNG transhipment projects The move comes after MOL signed a co-operation agreement with Novatek to develop the LNG transhipment terminals
US seeks to regulate its way out of the container crisis US exporters are furious at being unable to ship their goods by container. However, a reform of shipping regulations will...
Space and communication ease congestion at US ports 'It is not really a matter of "blaming" the ports; the problem is on the landside, where shortages of trucks...
Daily Briefing Owners explore feasibility of carrying containers on capes | PI clubs should be open to major consolidation | Hurricane Ida...
Full automation 'no panacea' for solving congestion Yet issues with labour, cost and space militate against the idea of adding fully automated facilities everywhere possible
Biden weighs Jones Act waiver for power-starved US Gulf President Joe Biden, who plans to visit the scene to see the damage for himself, is considering a Jones Act...
HMM and unions agree wage deal to avoid strike The two parties have agreed on a 7.9% wage increase alongside a bonus equivalent to 650% of the workers' monthly...
RINA's latest acquisition opens window on class Acquisition target Logimatic Solutions brings talented individuals and a customer-focused approach. RINA has changed its corporate shape, its ownership, its sectors...
Eastern Airlines enters air cargo market with 'freighter-light' model Most all-cargo carriers that buy used passenger planes rebuild them for heavy cargo. Easter Airlines has a quicker, cheaper idea.
Port of Corpus Christi aims to be large-scale carbon storage hub The port and the Texas General Land Office announced an agreement to develop infrastructure to capture carbon dioxide produced during oil and natural gas development.
Case closed: How drug ring hid $1B worth of coke on a single ship New details on record 2019 cocaine haul aboard MSC Gayane - which may not have been the first run - as U.S. wraps up convictions.
A most ghoulish story: Halloween supply chain nightmares Halloween is among the most popular holidays in America, so the horrific congestion this year is no treat for the nation's supply chain.
BP says 'no obvious major' damage seen at US Gulf of Mexico platforms BP said Sept. 2 that flyovers across the US Gulf of Mexico have indicated "no obvious major damage" from Hurricane Ida to its four large producing platforms.
Russia, India ready to expand bilateral energy cooperation Russian and Indian companies have been pushing for greater cooperation in the oil and gas sector beyond the $32 billion invested in joint projects, the countries' energy ministers said on Sept. 2.
EPA wants to revisit 2018 RFS exemptions but revocation of waivers seen unlikely The Environmental Protection Agency has asked the DC Circuit Court of Appeals for the opportunity to further review a batch of Trump-era decisions exempting certain oil refineries from biofuel blending mandates rather than continue to defend the prior administration's actions in court.
Russian Sep domestic crude pipeline prices fall Rb1,000/mt on weaker Brent Spot prices of Russian crude oil for domestic loading and delivery by pipeline in September were more than Rb1,000/mt ($13.60/mt) lower month on month, mostly on the back of a weaker Brent market.
ARA fuel oil stocks down 1.5% on week at 1.184 million mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region were down by 1.5% week on week to 1.184 million mt in the week ending Sept. 2, according to data from Insights Global, after dropping 4.0% the week prior.
August fuel oil barge trade volumes hit three-year highs in London MOC August volumes of fuel oil traded in the S&P Global Platts Market on Close assessment process in London Sept. 2 were 40.1% higher on the month, after 0.5%S marine fuel barge volumes were up 58.4%, and 3.5%S fuel oil barges rose 32%.
OIL FUTURES: Crude rally accelerates on bullish US labor report, weaker dollar An overnight crude price rally accelerated in early US trading Sept. 2 on the heels of a stronger-than-expected US employment report and a weaker dollar.
Singapore fuel oil paper MOC trades in Aug rise 44% on bullish 380 CST HSFO market Singapore fuel oil paper swap trades during the Platts Market on Close assessment process in August rose 43.77% on the month to 20.89 million barrels, S&P Global Platts data showed, on the back of a doubling of high sulfur fuel oil trade volumes amid higher demand.
OIL FUTURES: Crude climbs on weaker dollar, bullish US unemployment report, Hurricane Ida disruptions Crude oil futures settled higher Sept. 2, propelled by a weaker dollar a bullish US unemployment report, and extended disruptions from Hurricane Ida.
Spot 0.5%S marine fuel prices in Latin America fall in Aug, near April-May levels Spot prices for 0.5%S marine fuel at most Latin American ports in August gave back the advances seen in the previous two months amid volatile movements in the global energy complex and hesitant demand.
MARINE FUEL 0.5%S WRAP: Demand struggles continue around globe, though potential supply tightness looms Demand sentiment for marine fuel 0.5%S was unchanged in August, though potential for tighter supplies in Asia thanks to a decline in European exports could result in limited availabilities in the coming weeks.
REFINERY NEWS: Pakistan's Byco plans upgrade to reduce fuel oil output Pakistan's refineries, most of which are based on hydro-skimming technology and produce large quantities of fuel oil or furnace oil, for which demand has been declining, are in the process of upgrading in order to move toward higher-value products and meet new government standards.
European Aug fuel oil swaps volume traded in Platts MOC falls to 130,000 mt **Fuel oil derivative volume down on month **Petroineos biggest buyer in Aug, Mercuria largest seller
OIL FUTURES: Crude up on fall in US crude stocks "OPEC+ is still confident that the oil market will remain undersupplied until year's end due to the growing demand," Carsten Fritsch, Energy Analyst at Commerzbank, said in note Sept. 2.
Shell charters LNG bunker barge to serve US East Coast **LNG operating expenses currently above fuel oil levels **Shell to take delivery of a number of LNG-powered ships
Search for renewable methanol may mean more varied bunker locations: Maersk **Sustainable methanol in ships seen twice as costly as fuel oil **Maersk wants $150/mt CO2e carbon levy **Platts to launch methanol bunker assessments
Zhoushan ex-wharf bunker premiums for Sep gain with production cut expected **Sep ex-wharf Zhoushan premium to Singapore cargo traded at $2-$8/mt **Domestic production expected to decline
South Korea-Singapore HSFO bunker spread narrows to 9-year low as demand picks up on low premiums **Low prices helps ships take bunker fuel in South Korea **Singapore supply tightness on demand from power sector in the Middle East
Fujairah Sep ex-wharf 380 CST high sulfur bunker fuel premium perks up: traders An increased appetite for HSFO in the Middle East for power generation could extend into September, thus limiting supply of product into the bunker pool, industry sources said.
Japan's MOL launches use of carbon neutral LNG for LNG-fueled tugboat **Carbon neutral LNG supplied via truck to ship method **MOL to introduce 90 LNG-fueled vessels by 2030
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