Damen licenses Conrad to build two Multi Cats for GLDD Damen Shipyards Group has concluded a license agreement with Conrad Industries. The agreement will see Morgan City, La., headquartered Conrad Shipyard construct two Damen Multi Cats for Great Lakes Dredge & Dock
Ørsted bids for Maryland's Skipjack Wind 2 Ørsted said today that it has submitted a bid to the Maryland Public Service Commission to develop Skipjack Wind 2, a proposed project of up to 760 MW. The bid is in
3D model class process used in barge modification A barge modification project carried out by Valdez, Alaska, headquartered Stillwater Marine Services LLC for Brice Marine has been completed using the ABS 3D model-based class process. The barge has undergone a
VIDEO: Ever Given under way again Arab language TV channels were this morning streaming video of the containership Ever Given under way following its release by the Suez Canal Authority (SCA). The ship was in the headlines for
Greeks say Europe's carbon market plans should focus on commercial operators Theodore Veniamis, president of the Union of Greek Shipowners, said it was of 'utmost importance that policy makers recognise where...
Dry bulk FFA volumes surge to fresh high Tanker freight futures volumes drop on moribund market for tankers even as oil price rises
IEA wants greater transparency for 'carbon neutral' LNG There have been at least 15 LNG cargoes sold over the past two years using emissions offsets, according to the...
Greek ferries face further losses as fuel prices offset traffic gains 'Bunker prices are double what they were last year so traffic is going to be better but the financial results...
Box shipping faces image problem despite best efforts Carriers are doing all they can to restore capacity to the market. But the industry is not designed for rapid...
Cosco Shipping earnings boosted by container bonanza Container shipping subsidiary OOCL saw revenue more than double in the second quarter to $3.5bn
UK clubs join ranks of marine mutual loss-makers P&I sector expected to opt for third year of high single-digit percentage point rate hikes as marine mutuals continue to...
Carrier capacity crunch sees sales records broken Box carriers don't have the slot capacity for the volumes they need to carry. They are now willing to bid...
Box volumes show little sign of let-up Strong demand sentiment was sustained through May with Far East exports continuing to drive numbers. Year-to-date traffic is up nearly...
Safe Bulkers clinches newbuild kamsarmax deal Company president says it is gradually renewing its fleet, and continues to invest in the most efficient, environmentally-friendly vessels available...
Nobu Su jailed for two years for contempt of court Former billionaire shipowner found to have lied, hid assets and blatantly contravened court orders in long-running dispute with Greek shipowner...
TS Lines orders four 7,000 teu newbuilds at Waigaoqiao The eco-design fresh tonnage will meet the NOx Tier III standards and the phase 3 requirements of the Energy Efficiency...
Avance Gas secures 'sustainability-linked' funding for two VLGCs The loan will be connected to Poseidon Principles carbon intensity targets and will finance two dual-fuel LPG newbuilds set for...
Ever Given begins exiting Suez Canal after compensation deal The Ever Given is leaving the Suez Canal after its owners, insurers and the Suez Canal Authority signed a deal...
Daily Briefing Free to read: Marine insurers failing to reimburse ransom payments | Shipbuilders face mixed outlook as newbuild costs soar |...
ONE said to be in talks for six 24,000 teu newbuilds ONE tells Lloyd's List it is analysing its newbuilding options, although 'nothing is yet firm and ready for public announcement'
Florida ports closed ahead of tropical storm The National Weather Service forecast Elsa would make landfall along the northwest Florida Gulf coast within hours before moving across...
Port of Vancouver feels squeeze from CN, CP wildfire backlog A disruption to CN and CP rail service caused by a wildfire is putting the Port of Vancouver under pressure as Maersk and Hapag-Lloyd warn...
Port Houston awards $99M for expansion projects McCarthy Construction Cos. has been awarded three projects to help handle growing cargo volumes on the Texas Gulf Coast.
DHL Express invests $360M in Americas to keep up with e-commerce DHL Express is constantly investing in its network, but the growth of e-commerce is accelerating expansion of its operations.
Group to build 1.2 million-square-foot industrial park near Savannah port The project continues the region's hot streak in attracting logistics development.
Ship values are soaring amid secondhand sales 'frenzy' More box ships, bulkers and tankers are changing hands than ever before - good news for ship values and stocks.
Ever Given finally released from custody in Egypt The saga of the Ever Given moves to its next chapter as the container ship that captured the world's attention when it became wedged between...
Port of Yantian productivity rapidly improves but export delays persist The biggest container shipping line in the world says container traffic at the massive Port of Yantian in China is moving much better after COVID...
Two UAE firms in talks to build green ammonia facility powered by 2 GW solar plant Project is second green ammonia facility expected to be built in KIZAD.
Energy rout extends as market eyes OPEC+ discord, rising supply outlooks Stronger US dollar adds to downward pressure on crude prices.
First delivery of GEO futures sees 21,000 offsets transferred at the start of July: CME Development of forward market for carbon credits has been obstructed so far by a bullish price trend in the spot market.
Fujairah crude storage set to reach 10 mil cu m, more projects being discussed: FOIZ **Current crude, product storage combined exceeds 10 mil cu m.
SHIPPING: Ultra large container ship Ever Given released from Suez Canal **Cargo deliveries to hinge on GA adjustment **Ever Given's next survey at Port Said
Saudi Aramco's Aug crude OSP hike beats market expectations, supply worries linger **Arab Super Light up $1/b, others by 80 cents/b **Spot premiums may still rise on delayed OPEC+ output hikes
Surging prices kill thirst of China's independent refiners for feedstock imports **June feedstock imports at 6-month low **Refiners turn to domestic inventories to cut costs
Taiwan's Formosa may cut fuel oil exports in July on higher gasoline crack, maintenance: source Gasoline crack spread has been strong in particular, due to tightening regional supply. China is expected to sharply reduce gasoline exports for July, S&P Global Platts reported previously.
SHIPPING: Tankers freight seen weak in Q3 as supply weighs The slowdown in demand caused by the pandemic has shown a marginal recovery but not enough to bring around a turnaround.
Saudi Aramco hikes August crude OSPs for all destinations Saudi Aramco had raised its official selling prices for crude loading in August for all destinations, the Saudi Arabian energy group said July 6.
Vietnam domestic motor fuel demand to sink further as COVID-19 wave spreads This new wave in Vietnam is very serious. It has spread quickly and the government is doing all it can to contain it, one market source based in Vietnam told Platts.
TENDER DATA: India's BPCL seeks up to 1.9 mil mt LPG for 2022 Specs & quantity: Up to 1.5 million mt segregated propane & butane and another 400,000 mt LPG mix. A firm contract for LPG mix would be placed only for January-September 2022. Buyers have option to extend it to December 2022 provided such option is exercised by June 30, 2022.
KPI OceanConnect completes 1st carbon-neutral fuel supply to aid sustainable shipping The voluntary carbon units were derived from a wind farm in Texas and verified by Verra Registry, KPI OceanConnect said in a statement on July 6.
FUJAIRAH DATA: Oil product stocks fall to six-week low on higher summer demand Heavy distillates inventories were down 33% from this time last year, according to the FOIZ data provided exclusively to Platts. Stockpiles may continue to decline after Pakistan State Oil bought 65,000 mt of 180 CST high sulfur fuel oil, with maximum 3.5% sulfur from Vitol for delivery to Port Qasim over July 21-29 at a premium of $52.28/mt to the Mean of Platts Arab Gulf 180 CST HSFO assessments, CFR, Platts reported earlier.
S Korea's bunker fuel demand shows signs of picking up Given the volatility in the Asian fuel oil cargo market, buyers have drifted to the sidelines awaiting clear pricing cues, or pull spot inquiries in anticipation of price corrections.
TENDER DATA: India's MRPL sells 65,000 mt diesel for July 25-27 loading Price: Premium of around $1/b to the Mean of Platts Arab Gulf 10 ppm sulfur gasoil assessments and Mean of Argus Mideast Gulf 10 ppm sulfur gasoil assessments, FOB
Theme International VCC: Theme International Trading to join Asia oil products paper MOCs Platts welcomes all relevant feedback regarding MOC participation.
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