Tidewater's Kneen gives analysts "a little more color behind the scenes" In a call with financial analysts yesterday, Tidewater Inc. (NYSE:TDW) President and CEO Quintin Kneen covered not just the numbers but also gave some interesting insights into the benefits the offshore services
Kari Wilkinson named next Ingalls Shipbuilding president Huntington Ingalls Industries (NYSE: HII) reports that its Board of Directors has elected Kari Wilkinson to serve as executive vice president of HII and president of HII's Ingalls Shipbuilding division, effective April
Philly Shipyard starts fabrication of second NSMV Philly Shipyard, Inc. has marked the start of fabrication for the second vessel in the series of up to five National Security Multi-Mission Vessels (NSMV) it is set to build. Fabrication began
Master Marine delivers latest in series of Plimsoll Marine towboats The Master Marine Inc. shipyard in Bayou La Batre, Ala., has delivered the 67- by 20-foot M/V Rock Solid, the third in the series of four towboats it is building for to
Eastern Pacific Shipping in MOU on methanol and ammonia fuel retrofits One of the world's largest shipowners, Singapore-headquartered Eastern Pacific Shipping (EPS), is to retrofit a number of the existing vessels in its 15 million dwt fleet to burn methanol and ammonia fuels.
Digitalising shipping: What's the hold-up? Few doubt digital technology will change the industry, but there are more pragmatic questions now being asked by company boards...
Middle East rivalries must come second to oil spill response Help Lebanon surmount immediate crisis, establish the facts, then seek redress through the Civil Liability Convention. Most of all, prefer...
Shipping's 'big three' account for almost 80% of CO2 emissions IMO data for 2019 shows that the bigger ships in the global fleet emitted more than 600m tonnes of CO2...
The week in charts: Tanker earnings conundrum | China front and centre of global supply chains | Unrelenting box rates A downtrodden tanker market could come under renewed pressure once US sanctions on Iran's oil and shipping sector are lifted...
Charterers challenged over 'no crew-change' clauses The International Chamber of Shipping met a group of charterers yesterday to highlight concerns over 'no crew-change' clauses. It hopes...
A binding commitment The pandemic has shown the weakness of box shipping's laissez-faire relationship with contracts. Now both carriers and shippers can see...
Greek shipbroker Costas Karadimas dies aged 77 Allied Shipbroking mourns one of its original four founding partners
VSAT and dedicated IoT connectivity keys to digitalisation There has been a more urgent push to connect every device and machine; digitalisation is helping the entire maritime industry...
Adding value to port agency in the digital age Inchcape's World of Ports digital portal has evolved into a platform that should prove as essential to owners, operators and...
Chinese New Year fails to deliver rate respite Spot rate resilience over the Chinese New Year indicates that factors propping up prices have still to be alleviated. Cargo...
Policy advisers press Beijing to ramp up greener shipping Shipbuilding experts told the CPPCC conference in Beijing that the country is lagging behind its competitor nations in backing the...
Eagle Bulk seeing signs of global economic recovery The company says it will likely achieve the highest time charter equivalent rates in more than nine years in the...
Eastern Pacific selects ammonia and methanol for vessels The diversified shipping company will partner with MAN Energy Solutions and methanol provider OCI NV to run some of its...
LNG bunkering veteran raises boil-off gas risks Start-up LNG Easy is mooting a bunkering concept that will send boiled off gas arising from ship refuelling operations to...
China removes port construction dues to boost growth The government started to remove the dues from March 2020, in a bid to alleviate cost burdens for the country's exporters...
Shipping warned over piracy attacks in Sulu Sea An attempted boarding involving a 56,045 dwt bulk carrier, Akij Pearl, was reported by the Philippines coast guard off Sibutu...
Daily Briefing Free to read: Iran tanker oil spill in Israeli waters 'deliberate' | Israel faces compensation cap on 'terrorist' oil spill |...
OPEC+ deal shocker will prolong bloodletting for crude tankers Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
REFINERY NEWS ROUNDUP: Japan throughputs rise, China's likely to ease Japan's crude throughput rose 8.1% week on week to 2.55 million b/d in the week of Feb. 21-27, with crude run rates increasing to 73.7% in the week, data released by the Petroleum Association of Japan showed.
Med 0.1% gasoil at six-week high on higher North Africa demand The Mediterranean 0.1% gasoil cargo market's relative value has risen to a six-week high on improving import demand in March from Tunisia and Libya as mobility recovers, sources said.
TENDER DATA: India's BPCL sells LSFO for mid-March loading from Mumbai This is the first time BPCL is indexing a 0.5% fuel oil cargo sale to the Singapore Marine Fuel 0.5% assessment, a company source said.
OIL FUTURES: Rally extends as supply outlooks tighten in wake of OPEC+ extension Crude climbed nearly 4% on March 5 as fundamental outlooks tightened following the extension of OPEC+ production cuts into April and a better-than-expected US unemployment report.
Fujairah VLSFO prices buoyed by OPEC+ deal extension Delivered 0.5% sulfur marine fuel prices in Fujairah have risen $20/mt since OPEC+ decided to extend its crude production cap into April and not raise it by 500,000 b/d.
BUNKERWORLD INDEX: Bullish supply conditions ahead at some key ports **Firm prices likely to dampen Singapore demand **Rotterdam 0.5%S FO supply outlook limited **USGC market heard tight, congested
ARA fuel oil stocks up 3% on week as eastern demand slows Eastern demand was switching from 1%S fuel oil for power generation to 0.5%S for marine fuel or blending.
Rotterdam publishes licensed bunker barge operators as new system takes effect **License does not apply to 'future fuels' **No mass flow meters yet, decision in 2022
China's 2021 oil demand forecast unchanged amid GDP growth target of above 6%: analysts **GDP target has little real impact: analysts **Limited room for transportation fuel consumption cut
Libyan freight premiums subside amid consistent output **Libya remerges as main export hub in Mediterranean **Libya poised to export 1.13 million b/d in March
ANALYSIS: Singapore's HSFO bunker sales reflects bullish momentum for 2021 **Singapore HSFO supply, barge availability, pricing favor its use
SINGAPORE DATA: Residue stocks rise for second consecutive week as fuel oil exports fall 72% **Fuel oil exports slump 72% amid drop in shipments to HK, Phillippines **Fuel oil imports rise 18.22% on week
Singapore Q2 ex-wharf marine fuel term indications at plus $6-$7/mt to FOB cargo: sources Volumes are expected to rise in Q2 as container shipping picks up steam on increased economic activity.
Trafigura, industry groups call for green hydrogen, ammonia in shipping The scale of capital investment for developing green hydrogen and ammonia for shipping is Eur1.4 trillion, the group said.
Calumet seeks partner for Montana renewable diesel project: executive Calumet's Montana refinery will be able to co-process renewables and hydrocarbons due to two "over-sized" hydrocrackers, Fleming said.
High sulfur bunker fuel in Panama, Chile reaches 17-month high Crude futures and upstream markets led the surge in high IFO 380 CST prices.
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