USCG medevacs crew member from tugboat The Coast Guard reports that it medically evacuated a 60-year-old mariner from a tugboat approximately 65 miles off Galveston, Texas, Monday. Coast Guard Sector Houston-Galveston watchstanders received a call at about 4
How Viking's Mississippi cruise ship will obtain Jones Act compliance Torstein Hagen's Viking River Cruises looks to be moving right along with its plans to offer its first U.S. river cruises. They are set to start one year from now, in August
GLDD earnings take hit from COVID costs America's largest provider of dredging services, Houston headquartered Great Lakes Dredge & Dock Corporation (Nasdaq:GLDD), has reported financial results for the quarter ended June 30, 2021 that saw net income fall to
Pivotal LNG expands its market reach Pivotal LNG's newest liquefied natural gas (LNG) facility, Towanda LNG, marks the company's first expansion into the Northeast and Mid-Atlantic market. Entering service in January 2021, Towanda LNG has already produced more
Panama-flagged tanker Asphalt Princess hijacked and directed to Iran Days after a fatal attack on Zodiac operated tanker, armed men seize an asphalt tanker off Gulf of Oman and...
Transnet lifts force majeure after cyber attack disruption A full return to normal operations is expected by August 16, according to a ship agent
Shipping faces 'predictable uncertainty' after tanker attack A security analyst says 'predictable uncertainty' is on the cards for commercial shipping in the Middle East Gulf in the...
IMO extends fraudulent registry probe as falsely flagged ships named Some 66 vessels, mostly under 5,000 gross tonnes, identified as falsely flagged with 15 registries, IMO secretariat report shows
Low seafarer vaccination rates could be headache for marine insurers Ongoing low coronavirus vaccination rates for seafarers, despite the transmissibility of the Delta variant, could see big changes to the...
Infinity Maritime unveils tie-up with LR Class society Lloyd's Register to advise on sustainability for fleet as new digital finance platform eyes first vessels
Danaos sees boxship shortages until end-2022 at earliest Boxship owner reports a second-quarter net profit of more than $370m, supercharged by its stake in Zim as well as...
UN faces call to investigate Beirut port explosion The explosion of a store of ammonium nitrate destroyed a large part of the port of Beirut and surrounding areas...
IBIA sees limited trade impact from proposed EU bunker tax The International Bunkering Industry Association said that while the European Commission's recent climate proposals will increase complexities for shipping companies...
Nato and EU join chorus of condemnation over Iranian tanker attack Freedom of navigation must be upheld, argues the 30-national military alliance as governments consider what form the promised response against...
Rising abandonment cases high on the agenda at the IMO The IMO's legal committee, which took place last week, heard a proposal to potentially set up a mutual emergency fund...
Container carriers face rising operational costs Box lines are basking in record earnings. But while these may not last forever, costs will continue to rise even...
MOL orders four LNG dual-fuel car carriers at Japanese yard The 7000 ceu ships will be built at Japan-based Shin Kurushima Dockyard and Nihon Shipyard. Delivery of the vessels will begin...
Allianz report finds shipping's total losses at historic lows Big challenges remain for shipping industry and its insurers, including coronavirus, the crew crisis, decarbonisation and the impact of ever-larger...
Daily Briefing Shipping reviews security links in wake of fatal tanker attack | Smaller-sized bulker daily rates exceed $30,000 | China export...
Maersk raises guidance again as strong market persists Maersk has had a strong second quarter in an 'exceptional market situation'. It expects to do even better in the...
Bulk carriers involved in collision on Yangtze River No loss of life, personal injury, pollution or other environmental damage has been reported from the incident
In the eye of the congestion storm: Q&A with Port of LA's Gene Seroka Los Angeles' port boss speaks to American Shipper about congestion challenges - and potential release valves.
FMC's Maffei says capacity demand won't recede 'until late 2022' In this exclusive Q&A, Federal Maritime Commission Chairman Daniel Maffei notes that "the supply chain is overheated. It's like we are going from nine lanes...
Gulf ports expanding their way to bigger profits Texas ports like Freeport have embarked on major expansion projects to handle larger ships.
Boutique French airline ventures into air cargo Cargo is becoming a sexier line of business for passenger carriers.
MOL eyes 90 LNG-powered vessels by 2030 amid wider climate concerns **Rotterdam bunker LNG prices higher than fuel oil prices **Critics fear LNG unsuitable for 2050 climate targets
OPEC+ leaves Iran behind as it starts hiking crude oil production Iranian President-elect Ebrahim Raisi takes office Aug. 5 with no time to lose if the country is to reclaim its standing in the global oil market.
RUSSIA DATA: July refining throughput rises 5.7% on year to 23.51 million mt **Gasoline and diesel production both fall **Fuel oil output up 30% on year
Singapore MOC gasoil swap trades fall 25% on month in July The Asian gasoil market was largely rangebound in July, with sources saying that most participants preferred to take a backseat as they awaited fresh pricing cues.
BP raises oil price assumptions, promises output recovery after 25% Q2 slump **Supply constraint underpins higher 2025 price outlook **Looney defends transition plan, restructuring 'largely complete'
India pushes back on calls to set net-zero target ahead of COP26 **Says against shifting goalposts, but calls for G20 action **Calls for delivery of pledged $100 billion climate fund
Gazprom Neft plans to more than double hydrogen output to 250,000 mt/year by 2024 The company currently produces over 100,000 mt of hydrogen, which is used in processing at its refineries.
PORTUGAL DATA: Oil product demand rises 26% in Q2 Bunker fuel volume was down 1% year on year at 214,000 mt and a decline of 30% from Q2 2019.
IRAQ DATA: Oil exports increase 1.4% in July amid higher OPEC+ quota OPEC's second-largest oil producer saw total exports rise to 3.278 million b/d, up from the June average of 3.232 million b/d, the data showed.
HSFO, LSFO open interest on ICE ticks up in July **Open interest for HSFO forward curves up 1.89% on month **Open interest for Singapore MF 0.5%S forward curve up 1.13% on month
Strong utility demand boosts Singapore 180 CST HSFO front-month structure Bullish demand from the utility sector, especially in South Asia, lifted the front-month Singapore 180 CST high sulfur fuel oil September/October spread to an 18-month high.
Bangladesh to raise HSFO imports in August to meet post-holiday industrial, power demand Demand for HSFO and LNG from the power generation sector in Bangladesh also usually rises in the second and third quarters of the year, due to the increase in temperatures ahead of and during summer.
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