Canada will build TWO polar icebreakers The Government of Canada is to move forward with the construction of two Polar icebreakers under Canada's National Shipbuilding Strategy (NSS). One will be built by Seaspan Shipyards in Vancouver, British Columbia.,
Foss Maritime to operate autonomous harbor tug The Rachael Allen the fourth in a series of ASD-90 tugs built for Foss Maritime by Nichols Brothers Boat Builders, will be will be the first U.S.-flag harbor tug to integrate autonomous
Voith to unveil new system for remote control of tugboats Voith will showcase a new system for remotely controlling tugboats in a live streamed simulation at Germany's upcoming 12th National Maritime Conference, being held virtually May 10-11. Called FernSAMS, the technology has
Alpha Ori solution earns ClassNK Innovation Endorsement The AssetAI predictive maintenance solution developed by Singapore-headquartered Alpha Ori Technologies (AOT) has been granted ClassNK's Innovation Endorsement for Products & Solutions. ClassNK launched Innovation Endorsement in July 2020 as a rapid
Harvey Gulf trims board from seven to five members HGIM Corp., the parent company of Harvey Gulf International Marine, LLC, announced today that the holders of over 85% of its common stock-including Gladiator Investments LLC, an affiliate of Shane J. Guidry;
SEACOR Power: Salvage ops begin Salvage operations on the capsized lift boat SEACOR Power have gotten underway. Among the assets deployed is another SEACOR lift boat, the SEACOR Eagle. It is staged with gear near capsized vessel
Fincantieri Marinette Marine recognized for safety Fincantieri Marinette Marine received the top honor among larger companies from the Wisconsin Safety Council in its annual corporate safety awards, announced today. The Wisconsin Safety Council honors businesses for exemplary safety
Viking Life-Saving acquires HydroPen Viking Life-Saving Equipment has acquired HydroPen, the company behind the unique HydroPen container firefighting solution supplied to hundreds of ships. HydroPens rapid uptake has been due to its combination of innovation, efficiency
COVID hits GLDD first quarter earnings Great Lakes Dredge & Dock Corporation (GLDD), the largest provider of dredging services in the U.S. reported first quarter results that included net income of $8.8 million and adjusted EBITDA of $26.8
Weekly Briefing: An end to the dry bull run? | Box markets count the cash | Tankers wary of coronavirus quarantine Having hit 11-year highs this week the Baltic Dry Index bull run appeared to be slowing on Thursday as both...
Biofuels: Shipping may struggle with the price of FAME Forthcoming International Maritime Organization efficiency rules will drive more interest in biofuels, which could help bridge the gap to decarbonisation...
D'Amico cites lingering concerns about oil demand recovery The company's chief executive tells Lloyd's List that it can manage through what may be a delayed recovery in the...
Greece backs creation of European R&D fund within ETS Athens has told the European Union that charterers should foot the bill for emissions, arguing that would be consistent with...
Falling passenger traffic hits Finnlines' revenues Demand still remains constrained by the effects of the pandemic. But Grimaldi's Baltic specialist is pushing ahead with fleet renewal...
Norden raises profit guidance on booming dry bulk market Company chief tells Lloyd's List that it is well placed to benefit from the dry bulk demand surge and as...
Maritime Markets Outlook: Shipping's big LNG bet Some of the most powerful voices in shipping are among the most heavily invested in liquefied natural gas as a...
Role of seafarers in keeping the world moving is unrecognised Anglo-Eastern Ship Management chief says despite all the good shipping is doing for the world, the world does not understand the...
The business model in a zero carbon transition Companies must accept that decarbonisation is another component they need to incorporate in their business model. To do that successfully...
Data utility aspiration for liner shipping GSBN designers from Hapag-Lloyd have also explained reasons why the German carrier joined the blockchain-based shipping platform as a founding...
Safe Bulkers posts strong profit as fleet renewal continues Bulker owner's strong first quarter of the year result receives a boost from $7.6m in compensation from charterer for early...
Developing third-country markets is top priority for Cosco Measures have already been taken to expand the carrying capacities on trade routes such as such as India-Europe and intra-Europe...
China's gas drive fuels LNG innovations The race is now on to develop the most cost-effective means of shipping and storing LNG in smaller volumes
China looks to Iran for secure oil supply It's still far from a done deal. Yet if it does come off, it will mark a decent boost to...
China weaves through the changed coal market puzzle More than 20 laden bulk carriers have been stranded in Chinese anchorages, with 18 waiting for more than five months...
Marine LNG to blossom in China starting from its first ECAs One researcher forecast the Yangtze River may need 2,800 LNG-fuelled ships - and the Pearl River Delta a further 700...
Daily Briefing Free to read: Global crew changes paralysed by pandemic 'chaos' | UK government urged to step in as furore builds...
Why the China-US tariff war still matters for shipping Rather than creating room for repairing the bilateral relationships, the withdrawal of the US tariffs on China could be a...
Euronav suffers $71m loss as pandemic weighs on freight rates The owner and operator of 47 very large crude carriers and 28 suezmax tankers also raises the crewing crisis and...
Will China's new five-year plan squash bulker demand in the long run? The dry bulk market has witnessed a resurgence in rates not seen since 2010, as China's insatiable appetite for imports...
Stranded crew data reveals extent of changeover crisis Managers warned that the seemingly low percentages shown by the indicator by no means signals the end of the crew...
Cheniere Energy boosted by 'strong' global LNG demand The company says it exported a record of 133 cargoes of liquefied natural gas in first three months, 'with production...
US regulator probing China's role in container shortage China's potential monopoly over containers and intermodal chassis is the target of an investigation by FMC Commissioner Carl Bentzel.
Why this tanker shipping depression is different from past slumps Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.
Australia's Vincent crude trades lower in June amid volatile LSFO margins Cash premiums for Australia's June loading heavy sweet Vincent crude dipped lower following delays caused by the cyclone in North West Australia and volatile 0.5%S marine fuel oil margins, market sources said.
Pricing volatility hits Colombia bunker market as widespread protests roil nation Wide-ranging price indications for bunker fuel in Colombia have been heard this week from sources familiar with the market amid protests against government policies.
Singapore marine fuel 0.5%S June-July spread flips to contango Singapore Marine Fuel 0.5%S front-month June-July time spread flipped to a contango of 25 cents/mt on May 5, for the first time since March 31 when it was assessed at minus 20 cents/mt, Platts data showed.
Fujairah stands to lose out if India's COVID-19 crisis slows economic growth The UAE's Port of Fujairah stands to lose out on crude oil and refined product exports and bunker sales if the spiraling COVID-19 crisis in India translates into slowing economic growth for Asia's third-largest economy.
Corpus Christi port, Stabilis sign MOU for shore-to-ship bunkering A memorandum of understanding between the Port of Corpus Christi Authority and South Texas LNG producer and distributor Stabilis Solutions for shore-to-ship LNG bunkering opens a new avenue for supplying fuel there, a port authority executive said May 6.
ARA fuel oil stocks drop 6.9% on week to 1.428 million mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region dropped 6.9% to 1.428 million mt in the week to May 6, according to data from Insights Global, following a 1% increase the previous week.
Multiple hydrogen production pathways needed to meet midcentury carbon goal Blue and green hydrogen will both become critical to a net-zero carbon future, helping the global energy industry to meet emissions reductions targets across its entire value chain, a panel of industry experts said from the S&P Global Platts 2nd Annual Hydrogen Markets Americas Conference.
Siemens Energy, Masdar to build pilot UAE hydrogen plant by 2022, with focus on SAF Siemens Energy and UAE-based clean energy firm Masdar expect a hydrogen demonstrator plant to be built by 2022 in the country's capital and to focus on showcasing sustainable aviation fuel as part of efforts to create a green hydrogen industry in OPEC's third-biggest producer.
OIL FUTURES: Crude settles lower amid uncertain demand outlooks, profit-taking Crude oil futures finished a second session lower May 6 as demand uncertainty and rising supply outlooks prompted profit-taking.
Monjasa delivers first VLSFO consignment to new Namibian national storage unit Namcor's National Oil Storage Facility at Walvis Bay can hold 75 million liters of fuel and has seven tanks, one of which is for 5,000 cu m of fuel oil, according to the company's website.
OPEC+ oil quota overproduction rises to 3.316 million b/d: document **Russia, Iraq biggest quota violators through March **Excess output must be compensated with extra cuts **Compensation cuts due by end-September
Oil product tanker operator d'Amico upbeat on outlook **Platts Q1 spot rates 32% lower on year **Redistribution of refining capacity bullish for product tankers
Low LR2 rates support trans-Atlantic diesel shipments **Bottoming LR2 rates attractive for charterers **ULSD inventory on USAC drops to lowest since April 2020
OIL FUTURES: Crude flatlines as Brent fails to cross the $70/b mark "Worries over Indian oil demand are coinciding with OPEC+ gradually starting to bring supply back onto the market, along with growing Iranian supply," ING Head of Commodities Strategy Warren Patterson and ING Senior Commodities Strategist Wenyu Yao wrote in a daily note.
REFINERY NEWS: Cepsa restarts halted Huelva units The company cited "new opportunities in the international market" and the "geographical position" of the refinery as contributing factors to its decision.
EU carbon prices of over Eur50/mt spur CCS interest **Europe leads in CCUS development: Aker Carbon Capture **Oil and gas companies have key CCS role: OGCI **EU carbon futures closed Eur49.45/mt May 5
Shipowner Euronav sees freight rate recovery later in 2021 after challenging Q1 **Freight rates likely to spike in H2 2021 **Illicit trade in Iranian, Venezuelan crude deferring scrapping **Dual fuel vessels on order ahead of IMO climate goals
Singapore to ban ship crew changes with India, neighboring countries travel history **Prohibition effective May 7, 23:59 hours local time **Ban comes amid spike in COVID-19 cases in India
Ardmore invests $6 million in JV to deliver onboard hydrogen generation system "We are still putting ink on paper but are hoping to close in a couple of weeks," Gurnee said.
Port of Rotterdam, Thyssenkrupp, HKM explore hydrogen imports for green steel Vast imports of hydrogen are necessary if Europe and Germany want to reduce CO2 emissions and become climate-neutral by 2050, the companies said.
Port Arthur LNG final investment decision likely to be delayed to 2022: Sempra "I don't see any scenario that we would probably take FID without having it fully contracted," Martin said.
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