Oil clean-up efforts slow Golden Ray wreck removal efforts Responders in St. Simons Sound, Ga., are continuing to deal with discharges of oil that began following separation of Section Six of the wreck of the car carrier Golden Ray. Yesterday, response
SCA supports move to create Defense Infrastructure Fund The Shipbuilders Council of America (SCA), the national trade association representing the U.S. shipbuilding and repair industry, has issued a statement in support of Sen. Richard Shelby's (R-Ala.) recently filed Amendment 2535
Halter Marine books $149 million Navy contract Pascagoula, Miss., based shipbuilder Halter Marine has been awarded a $149 million contract for the detail design and construction of an oceanographic survey ship (T-AGS 67) for the U.S. Navy. "This contract
Eneti to acquire Seajacks and become world's largest WTIV operator Emanuele Lauro led Eneti Inc. (NYSE: NETI) is poised to change from being a WTIV new entrant to being the biggest player in the offshore wind turbine installation market. It has reached
FMC probes ocean carrier congestion charges The scope of the Federal Maritime Commission's (FMC) scrutiny of ocean carrier behavior has broadened. In addition to its examination of detention and demurrage charges, it has has launched an expedited inquiry
Ever Given to be drydocked in Asia After attracting worldwide attention following its grounding in the Suez Canal that severely disrupted global supply chains, the containership Ever Given...
Weekly Briefing: Box lines count exceptional profits | Bulk owners make hay | Tankers see red The container line reporting season is upon us and expectations of exceptional markets are running high, much to the displeasure...
Equipment costs soar as carriers clamber for containers Carriers have spent an estimated $1.5bn on new containers this year alone. But prices and hire rates remain elevated owing...
Total losses likely to remain in 'happy space', says risk expert The ISM code has put safety 'squarely in front of every boardroom at every shipping company, classification society and insurer'...
Western Bulk Chartering plans listing this quarter The company expects the strong momentum in the dry bulk market to continue as it moves to a profit in...
MSC refutes collusion claim made in US Tensions between shippers and carriers are mounting amid a shortage of capacity. A complaint of collusion between lines to push...
UAE strengthens maritime law to tackle abandonments Emirates' director of maritime affairs tells Lloyd's List that the measures, which have strict penalties, should result in a fall...
Loss-making Teekay Tankers feels spot market pain Spot market exposure leads to Teekay see its earnings falling even further thus far into the third-quarter. The company says...
EuroDry eyes further vessels as earnings rise Chief executive Aristides Pittas says increased freight revenues give it capacity to pursue more acquisitions
China's rising infections put global supply chain at risk Vessels arriving in China in many cases are facing stricter restrictions, including being subject to 14-28 days of quarantine before...
Contract freight rates continue to surge Rates for contracted volumes are likely to be far higher by the beginning of 2022. But on the positive side...
Japanese manufacturers launch hydrogen engine company Kawasaki Heavy Industries, Yanmar Power Technology Co and Japan Engine Corporation have launched a new company focusing on marine hydrogen...
MOL places dual-fuel VLGC order The two new vessels on order are also designed to transport ammonia. This means they will be the world's largest...
K Line tests onboard carbon capture device Ship's crew will test the equipment until the end of March 2022, with the aim to commercialise the equipment by...
Container lines face US probe over congestion surcharges CMA CGM and HMM among eight carriers given until August 13 to provide details that confirm any surcharges were instituted...
Genco seals $450m refinancing after strong quarter The new $150m loan and a revolving line of up to $300m will be used for acquisitions and general corporate...
SFL acquires boxship pair and sells 18 vintage vessels to MSC SFL has sold a fleet of 18 vintage feeder container vessels between 1,100 teu and 4,400 teu to a subsidiary...
Atlas Air buys eight 747 freighters off lease to maintain capacity Atlas Air is keeping eight jumbo jets by buying them from leasing companies. It doesn't want to turn them in because it would have fewer...
Swiss megaship operator rejects allegations of collusion by US shipper A U.S. manufacturer defends its complaint filed against container ship giant MSC with the Federal Maritime Commission despite the carrier's denial of contract violations.
Beware 'nasty side effects' if government targets ocean carriers "Be careful what you wish for," warns industry expert Lars Jensen of proposals to rein in container shipping's boom.
Oil and gas sector scores some wins in $1 trillion, bipartisan infrastructure bill
Port of Rotterdam, Horisont Energi announce ammonia project amid decarbonization
Platts proposes Compatibility Rating maximum of 2 for global Marine Fuel 0.5% assessments Please send any comments or questions by Aug. 31, 2021 to oilgroup@spglobal.com and pricegroup@spglobal.com.
Japan MOL plans LPG fueled VLGCs to meet net-zero GHG emissions targets The new carriers are designed to maximize fuel efficiency, and are environmental-friendly ships in conformity with the Energy Efficiency Design Index Phase 3, which will be applicable for VLGCs contracted after 2022, it said.
White House rolls out EV sales target, sets stage for new fuel economy standards **Fuel savings seen around 200 billion gallons of gasoline **Sets 50% vehicle electrification goal for sales by 2030
OIL FUTURES: Crude rises as investors focus on US gasoline draw EIA data showed a surprise crude build of 3.6 million barrels in the week to July 30, upending analyst expectations of a 3.1-million-barrel draw.
New Italian tax rule will deter bunkering by foreign vessels: sources **Fears new layer of bureaucracy will hamper speed of transactions **Threatens to 'halve volumes' bunkered in Italy: trader
REFINERY NEWS ROUNDUP: More maintenance in Russia coming up Russian refineries processed 23.51 million mt (about 5.5 million b/d) of crude in July, up 5.7% year on year and up 3.5% from June, according to energy ministry data.
US LPG exports to Europe in July up 10% on month: Kpler **Volumes for US to Europe at 610,000 mt **Bullish sentiment in Europe on closed US arb for Aug
Singapore's MPA, SMI co-fund electric harbor craft pilot program for cleaner shipping **1,600 harbor crafts planned to run on low-carbon fuels in Singapore waters: Minister **MPA, SMI award funding to three joint industry-research consortiums
Japan's METI aims to start demonstrative carbon credit market in FY 2022-23 The carbon credit exchange market will be a platform to trade monetized carbon credits from CO2 emissions in Japan, as well as trading carbon credits from the reduced emissions in ASEAN countries, and voluntary credits from Europe and the US.
US nanomaterial company develops rare earth alloy for $1/kg hydrogen production **Damorphe nanotechnology scalable for any size **Prototype 1 mt/day for truck refueling in 2022
Libyan crude output could rise 200,000 b/d by year-end: OMV executive **Technical, maintenance issues keeping a lid on current output **Output could become more volatile ahead of Dec elections
Port of Galveston, Stabilis sign MOU on LNG bunkers **LNG bunker fuel currently more expensive than fuel oil **LNG bunkering growing its projected footprint in USGC
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