Floating wind and green hydrogen - a perfect pairing? A floating wind farm planned for offshore eastern Scotland could become the world's first combined floating wind and green hydrogen project. The 200 MW Salamander floating wind project is being developed by
Vessel total losses still low, but ... There's good news and bad news in the latest annual Safety & Shipping Review from insurer Allianz Global Corporate & Specialty SE (AGCS). The good news is that international shipping industry continued
Canadian Coast Guard deploys Iridium Certus technology The Canadian Coast Guard is using Iridium Certus connectivity to help it meet its mission requirements, which include extensive operations in polar regions that are outside of the footprint of other satcom
Novel LNG-fueled box ship puts deckhouse up front The newbuilding department of Germany's NSB Group has developed an interesting concept for an LNG-fueled containership of 3,500 TEU capacity, including about 940 FEU of reefer containers. One striking feature of the
Shipping risk remains level despite drone strike and hijack Middle East tensions are flaring following an abortive hijack and a fatal drone strike against a tanker in the world's...
London becoming more attractive for medium IPOs There is plenty of mergers and acquisition activity going on in shipping, to the point that it's even sometimes difficult...
Ambrey names British security guard killed in tanker drone attack Analysis of attack images shows drone deliberately targeted bridge with 'lethal intent', says risk consultancy
Detained Wakashio crew face humanitarian crisis A welfare charity in Mauritius has called for the release of the Wakashio crew, detained now for a year. This...
Diana sees return to 2008 freight levels as 'conceivable' Diana executive says that industry has 'overestimated' the extent of emissions and finance challenges, which has helped keep ordering low
Supply chain issues threaten US manufacturing recovery Durable goods manufacturing is finally back to pre-pandemic levels. But continued growth is competing for space with stimulus-driven retail demand
Dorian LPG sees profits drop but declares first dividend The liquefied petroleum gas carrier saw net profits for the second quarter of 2021 drop on the back of lower...
Greek bulker owners count on promising future While Seanergy said its first-half result was the most profitable since it relaunched in 2015, Pioneer Marine is looking to...
Cadet training proposal faces backlash In a bid for the voice of nautical professionals to be heard, a Maritime Professional Council has been formed to...
FSL in the black despite weak tanker market The result was 59% lower than in the same quarter last year and comes on top of a 57% fall...
Carriers reroute capacity to more profitable services Congestion has led to capacity shortages on the main east-west trade lanes. Carriers are now pulling vessels from less profitable...
K Line joins Canadian tidal energy project This will be the first time that K Line has been involved in an overseas tidal energy project
Japanese lines gloomy on tanker outlook The tanker market is likely to remain under pressure as it suffers from structural deterioration of the supply and demand...
Armed hijackers abandon Asphalt Princess, crew 'safe' Lloyd's List Intelligence AIS tracking shows Asphalt Princess headed towards Oman after armed boarders who seized the Panama-flagged tanker on...
Revived Trump reforms in infrastructure bill could be freight-project windfall Lawmakers use Trump-era reforms in the infrastructure bill to attract Republican support.
Canada border officers to begin work slowdown The union representing nearly 9,000 Canada Border Services Agency personnel warns of slowdowns at Canada's ports of entry starting Friday as it issues a strike...
DHL Express orders electric cargo planes from Eviation DHL Express has joined UPS in placing orders for all-electric cargo aircraft.
OIL FUTURES: Oil price slide accelerates following unexpected US crude stock build **US crude stocks climb 3.63 mil barrels **Crude exports hit 12-week low
NWE gasoline exports to the US rise as demand recovers: Kpler **Export demand boosts Atlantic basin gasoline margins **Transatlantic clean freight rates rise amid higher demand
FEATURE: Demand supports North Sea crude differentials, WAF, Med grades struggle **West African crude hit by backwardation **Prompt Azeri Light available amid demand struggles
China to submit climate pledges before COP26 summit: Special Envoy **NDCs to include carbon peaking by 2030 and net zero by 2060 **China backs flexible climate goals instead of 1.5 degree hard target
Competition drags Singapore LSMGO differential to multi-month low The trader also said that bunker suppliers in Singapore are contracted to receive additional cargoes of LSMGO exported from South Korea, so the suppliers seek to sell their July cargoes prior to the impending arrivals, which would further overwhelm the supply situation.
OIL FUTURES: Crude stable to lower on mixed US inventory data "Nearly half of China's provinces [are] being gripped by the latest outbreak... This is likely to see crude oil demand come under pressure," ANZ analysts said.
Possible vessel hijacking off Fujairah over; ship safe after boarders leave: UKMTO "Boarders have left the vessel. Vessel is safe. Incident complete," UKMTO said.
FUJAIRAH DATA: Oil product stocks fall to four-month low as fuel oil exports rise The total inventory on Aug. 2 was 18.747 million barrels, down 10.5% from a week earlier and the lowest since March 22, the data showed.
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