TAI acquired by S&B Infrastructure New Orleans based naval architecture and marine engineering consultancy Technology Associates Inc. (TAI) has been acquired by S&B Infrastructure Ltd. TAI will TAI will continue its operations as TAI Engineers LLC. S&B
New report highlights growing marine and maritime robotics market SPONSORED CONTENT: With Earth's population nearing 8 billion people, the next phase of humanity critically depends on using technology and infrastructure wisely to help protect all of the planet's resources. This includes
Offshore driller exits Chapter 11 Offshore drilling contractor Valaris - which until a 2019 name change was called EnscoRowan - reports that on April 30, 2021, it completed its financial restructuring and emerged from Chapter 11 bankruptcy.
Two GLMA cadets awarded Crowley scholarships Crowley Maritime Corp. has awarded Thomas B. Crowley Sr. Memorial Scholarships to Great Lakes Maritime Academy (GLMA) cadets Tristan Barnett and Jackson Dagata for their achievements and interest in maritime careers. Named
BAE Systems gets its frigate together Last week, BAE Systems brought the two halves of HMS Glasgow together for first time. The aft block of the ship, the first City Class Type 26 frigate being built for the
Why Cleaves is bullish on bulkers The latest weekly report from Oslo-headquartered Cleaves Securities makes some optimistic predictions for the dry bulk sector. Noting that the Baltic Dry Index reached 3,053 points on Friday, the highest level since
Singapore broadens crew change ban As the COVID-19 outbreak in India starts to threaten neighboring countries, Singapore has extended its prohibition on crew change ban on crews with a recent travel history to India. A Port Marine
Daily Briefing May 3 2021 Free to read: It's high time shipping listened to entrepreneurs | Liner association lambasts 'defeatist' greens over decarbonisation fund | The...
Lufthansa replicates sharkskin to boost fuel efficiency of cargo jets he microgeometry of a shark's skin reduces friction and allows it to move faster in the water. Lufthansa Cargo is applying that same capability to...
FreightWaves Flashback: How much bigger will box ships get? 2001: Several shipping lines are close to ordering the first container ships of 8,000- to 9,000-TEU capacity, but others in the industry are warning of...
Asia residual fuel market: Key market indicators this week Asian residual market is expected to see mixed drivers in May, as an inflow of arbitrage cargoes will drop from the West, but the downstream bunker market is facing tough competition with China, where bunker prices have been lower than Singapore.
Platts Singapore MOC fuel oil trades fall 27% in April on low arbitrage, weak bunker demand The volume of physical FOB Singapore fuel oil traded in the Platts Market on Close assessment process in April declined 26.7% month on month to 590,000 mt, Platts data showed May 3, even as the volume of low sulfur fuel oil arbitrage from the West to Singapore is expected to decline.
BRAZIL DATA: Oil exports jump 2.5% on year in March as pandemic dampens demand Brazil's crude oil exports advanced 2.5% year on year in March as soaring coronavirus infections dampened domestic demand, according to data published May 3 by the National Petroleum Agency, or ANP.
AMERICAS BUNKERS: Key market indicators May 3-7 Spot bunker prices in the Americas started the week on a firm note May 3, supported by bullish global oil prices and renascent demand, but on the Gulf Coast, competition remains strong.
Platts Singapore MOC fuel oil swap trades inch up 0.3% on month in April The total volume of fuel oil swaps traded during the Platts Market on Close assessment process in Singapore inched up 0.3% month on month to 10.63 million barrels in April, S&P Global Platts data showed, with a fall in high sulfur fuel oil trades offsetting a rise in 0.5%S Marine Fuel.
OIL FUTURES: Crude settles higher amid strong US demand outlook, weaker dollar Crude oil futures settled higher May 3, clawing back most of the previous session losses on the back of a weaker US dollar and robust US economic data.
Asia middle distillates: Key market indicators this week The Asian middle distillates market is set to enter the week of May 3-7 on a steady-to-weaker note.
Asia LPG market near contango on weak pre-summer N Asia demand, ample supply "I believe it could flip to contango soon," a trade source said.
Vietnam mulls loosening oil inventory rules amid market backwardation, fragile demand Vietnam is expected to import more than 100,000 mt/month of gasoline throughout the second quarter, compared with 61,767 mt purchased in March.
OIL FUTURES: Crude slides amid coronavirus concerns The daily increase in COVID-19 cases in India is worrying investors, which is one of the reasons why we are seeing some investors take profit today, Fat Prophets' Lennox said.
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