C-Innovation wins multi-year RLIW contract Houston-headquartered C-Innovation LLC (C-I), an affiliate of the Edison Chouest Offshore (ECO) family of companies, has been awarded a multi-year contract for Riserless Light Well Intervention (RLWI) services with a major operator
Kitsap Transit takes delivery of second NBBB fast ferry Nichols Brothers Boat Builders (NBBB) has delivered the second of two 255-passenger-only ferries to Kitsap Transit of Bremerton, Wash. Like the first-in-class-vessel, the Enetai, the second, Commander, out-performed design expectations during vessel
Iconic sternwheeler returns to service Hornblower Group's American Queen Steamboat Company reports that its flagship sternwheeler American Queen today welcomed its first revenue guests in 18 months, becoming the line's fourth vessel to return to service. The
Golden Ray responders find and cap source of oil discharge The St. Simons Sound Incident Response says that the source of oil discharges from Section Six of the wreck of the capsized car carrier Golden Ray has been identified and contained. The
New study: Actual GHG intensity of LNG shipping lower than earlier estimates A peer-reviewed study published in the American Chemical Society's Sustainable Chemistry & Engineering Journal indicates that the GHG intensity of LNG shipping may be substantially less than suggested by some earlier studies.
Prysmian takes delivery of game-changing cable layer Milan, Italy, headquartered Prysmian Group has taken delivery of the advanced cable laying vessel Leonardo da Vinci. The first mission assigned to the vessel is the installation of the Viking Link submarine
Demand 'tailwind' to extend boxship chartering boom Inventories-to-sale ratios in the US seen lengthening record-breaking charter market for at least 18 months
Spain once again forced to deal with controversial livestock carrier Five months after the Spanish authorities were forced to cull 1,600 cattle on board the ageing Lebanese livestock carrier Elbeik...
Bangladesh scrapping rates reach fresh 13-year high Recycling rates in Bangladesh have topped $614 per light displacement tonne on higher steel plate prices and unprofitable tanker earnings as...
Hot reefer market to outlast cooling freight rates Capacity constraints have pushed up reefer rates as shippers compete with dry cargo. Equipment shortages will keep reefer rates higher...
Pyxis sees 'positive signs' for product tankers despite latest loss Chief executive Eddie Valentis believes the migration of long-range tankers into clean products trades, to the detriment of rates, will...
Why the Mercer Street attack should be classed as terrorism G7 states are unanimous - the drone strike on the Liberia-flagged product tanker Mercer Street was a deliberate and targeted attack...
US imports continue to skew global demand picture Global container volumes are growing only moderately when seen from a longer-term perspective. Only in the US are volumes increasing...
Human contact more vital than ever in Covid year, says Stella Maris The pandemic has exacerbated pressures faced by seafarers. Although wellbeing apps and initiatives have a role to play, human connection...
Investment banking arm helps return Clarksons to profit Financial securities adds to profits via New York listing for Zim and other bond offerings
Seafarers are the scapegoats for safety snafus The 2021 Future of Maritime Safety Report includes some excellent opinions from industry heavyweights. However, safer shipping will only come...
Zhoushan to rescue sick crew on stranded dry bulker Move underlines continued global crew change crisis, with governments prioritising the domestic level of emergency when tackling the pandemic. There...
Peak season demand pushes Asia-US to new highs As fears grow of further coronavirus outbreaks leading to lockdowns in China, analysts believe there may be further short-term rate...
Daily Briefing Container contract clash: Can we all just get along? | Governments condemn Iran as tanker attack evidence is presented |...
Why a big 767 freighter operator now likes the Airbus A330 A U.S. aviation services company called ATSG has lots of Boeing 767s in its freighter fleet. Now it wants to convert large Airbus passenger planes...
FreightWaves Flashback: Bills of lading in a bar code 1992: 2-D bar codes provide an almost infinite variety of codes, which could prove especially useful in international shipping.
EMEA Middle Distillates: Key market indicators for Aug. 9-13 Some of the supply tightness was seen easing in the Mediterranean as the impact of July refineries' hiccups subside, while in Northwest Europe demand for barges of middle distillates was lackluster at best, and the focus for cargoes remain on arbitrage volumes and refinery margins in the week of Aug. 9.
US targets Belarus oil trader, energy sector in latest sanctions The Biden administration Aug. 9 tightened sanctions against Belarus with new restrictions on the country's energy and construction sectors on the anniversary of Alexander Lukashenko's disputed election.
East of Suez ULSD shipments to Europe at 1.01 mil mt in Aug so far: cFlow Around 1.01 million mt of East of Suez ULSD is set to arrive in Europe in August so far, according to S&P Global Platts trade flow software cFlow and shipping fixtures.
TANKERS: International Seaways sees fleet optimization crucial with crude tanker earnings down 71% Expectations of improving global ton-mile demand, tanker fleet optimization during the second half of 2021 provide support to International Seaway's performance after tanker owners faced an extended period of dismally low daily earnings during the second quarter amid the ongoing global pandemic and an early transition into the historically muted summer months, the company said in the Q2 2021 earnings call Aug. 9.
OIL FUTURES: Crude slides as delta spread weighs on demand outlooks Crude oil futures settled lower Aug. 9 as global demand outlooks saw pressure from the continued spread of the COVID-19 delta variant.
Exxon launches delivered IMO-compliant bunker fuel sales in New Zealand The fuel is delivered on the bunker barge MT Kormako, the first and only bunker barge at the port, and augments pre-existing ex-wharf options.
REFINERY NEWS: New Zealand's Marsden Point conversion gets shareholder approval The company had said Aug. 6 it would ask shareholders to approve the proposal to convert Marsden Point into an import terminal, to be called Channel Infrastructure.
RUSSIA DATA: H1 oil product exports down 2.7% on year **Gasoline exports down 25%, diesel 11% lower **Gasoline exports fall on talks of potential ban
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week Demand for 0.5% marine fuel in bunker markets was down on the week ending August 6 in EMEA ports. This is expected to carry over into the rest of August due to the current Summer holiday season.
OIL FUTURES: Crude oil prices tumble amid demand concerns, rising Asian coronavirus cases According to preliminary data released Aug. 7 by the General Administration of Customs, Chinese crude oil imports in July fell 0.6% on the month to 9.75 million b/d.
China allocates second batch of oil product export quotas at 7.5 mil mt: sources 3 million mt of export quotas also have been allocated to low sulfur fuel oil.
REFINERY NEWS: South Africa's Sapref fully back online since end-July Refinery: Sapref, Durban Owner: Shell SA Refining, BP Southern Africa Overall capacity: 175,200 b/d
Limiting global warming to 1.5 C beyond reach without immediate, rapid action: IPCC **Temperature increase to pass 1.5 C in next 20 years **Pathway to limiting rise below 1.5 C still viable
Saudi Aramco to boost capacity by 550,000 b/d by 2025 amid plans to hit 13 million b/d **Berri, Marjan fields to contribute to 2025 increment **Working on boosting maximum sustainable capacity to 13 mil b/d
Saudi Aramco's Q2 hydrocarbon output falls 8%; profit surges almost 4 times **Hydrocarbon output drops to 11.7 mil boe/d **Q2 capex up by 20% to $7.5 bil
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