Austal USA wins contract to design U.S. Navy T-ATS Austal USA has taken a step forward in its plans to build steel vessels. It has won a $3.6 million functional design contract to prepare for construction of Navajo-class Towing, Salvage and
Transocean and Jurong agree new delivery dates for high spec drillship duo Drilling contractor Transocean Ltd. (NYSE: RIG) reports that it has agreed with Sembcorp Marine's subsidiary, Jurong Shipyard Pte Ltd (JSPL), on the delayed delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater
Evergreen vessel returns to Italy to repatriate master's body The master of Ital Libera died with a suspected coronavirus infection in April. Since then, no port in Asia has...
New handysize pool to be launched Besides asset and ship management, the new company plans to launch a new handysize pool
Braemar's new chief eyes expansion 'We are in discussions over potential acquisitions... It's pretty clear it'll be a shipbroker, I'm not going to go and...
Japan looks to develop wind-assisted capesize Tokyo has set a target of a 46% reduction in greenhouse gas emissions by 2030. That will require development of...
No respite for shippers even as demand eases Annualised box volume growth figures show only moderate growth since 2019. But the boom in demand in the US is...
Trafigura to partner with Yara on ammonia fuel project The two companies have signed a memorandum of understanding for the development of ammonia as a shipping fuel and will...
Daily Briefing Free to read: Shipowners will soon face taxes as well as death | Greek tanker owners in apparent Venezuela U-turn |...
Divers recover X-Press Pearl's 'black box' Divers have recovered the VDR from the wreck of the X-Press Pearl as the authorities draw up plans to prevent...
Cosco in talks to acquire Hamburg terminal stake Move comes with the Chinese giant's ambition to further expand globally, despite the ongoing coronavirus pandemic and rising geopolitical uncertainties
FreightWaves Flashback: Ford reduces in-transit damage by 70% 1991: In-transit damage used to be a major problem for Ford, but the automobile manufacturer has amped up its hauling standards.
OIL FUTURES: Energy rally pauses as market searches for next driver Crude and refined product futures settled lower June 7 as the market looked for fresh drivers amid mixed global demand outlooks.
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week Rotterdam 0.5%S Marine Fuel FOB barges finished the week to be assessed at $498.75/mt on June 4, up from $482.00/mt the previous week.
AMERICAS BUNKERS: Key market indicators June 7-11 Latin America spot bunker prices continued to advance on support from crude futures, improved demand in several countries and talk of supply constraints in Colombia and Ecuador.
Marine fuel 0.5%S prices in Latin America climb back to pre-pandemic levels Gradually recovering from the worst effects of the coronavirus pandemic in April and May 2020, pricing in Latin American ports had reached post-pandemic peaks in the first half of March only to decline again.
OIL FUTURES: Crude futures correct lower despite bullish sentiment The drop in crude futures was less a reflection of softening market fundamentals, more a consequence of the multi-year highs seen in Brent crude at the end of last week, according to analysts.
Global oil market dependent on OPEC+ amid slow US shale ramp-up: Vitol's Muller **Low level of US shale rigs seen stalling quick rebound **Global stocks seen returning to 2019 levels by year-end
LNG makes up half of CMA CGM order book amid ongoing container bull-run **LNG a cheaper fuel than 0.5%S fuel oil **CMA CGM's Q1 2021 bunker bill falls on year despite market rise
China independent refineries rush to buy straight-run fuel oil as crude quotas to fall short **Four refineries take cargoes for Jun/Jul delivery **Using fuel oil lifts cost by $31/mt
Containership charter fixture rates eclipse previous record highs as tonnage market bull-run escalates **8,500 TEU vessel charters jump 330% on year **Multi-year charters now the norm
Trafigura, Yara to collaborate on clean ammonia value chain for shipping **Research focus on use as maritime fuel **Supply and demand 'needed in tandem'
EU carbon border mechanism to require surrender of certificates: draft proposal **Importers to require authorization by CBAM Authority **Certificates to be sold linked to EU carbon prices
Asia residual fuel: Key market indicators this week There was some supply tightness of high sulfur fuel oil in Japan due to a refinery turnaround, but Japanese bunker traders expected the volume loss to be minimal in the week of June 7.
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