Japan plans ship powered by hydrogen-fueled two-stroke A project backed with Japanese government funding aims to develop what will be the he world's first low-speed, two-stroke hydrogen-fueled marine engine. Mitsui O.S.K. Lines, Ltd. (MOL), MOL Drybulk, Ltd., and Japan
Two FMC Commissioners seek CFIUS review of Ports America acquisition Canada may not be Dubai, but two Federal Maritime Commissioners, Carl Bentzel and Louis E. Sola, have concerns about the planned acquisition of Ports America, the largest marine terminal operator and stevedore
Robert Allan to design methanol fuel cell tug for Maersk and Svitzer Maersk group towing operator Svitzer has reached an agreement that will see Vancouver, B.C., based naval architecture firm Robert Allan Ltd., to design the world's first harbor tug to be powered by
ABS offers a single interface for compliance and maintenance systems ABS clients can now connect their computerized maintenance management system (CMMS) directly to the ABS MyFreedom client portal. This provides them with a single interface for survey, compliance and maintenance reporting, improving
Seaspan sees no signs of overcapacity even when market stabilises Seaspan has been one of the biggest players in the newbuilding market over the past year. But it believes supply...
Indonesian navy in shipping 'shakedown' off Singapore Strait 'No owner wants to remain stuck for six to eight months to challenge this in the local courts and longer...
Skuld seeks 10% 'minimum market adjustment' Norwegian club blames 'continued underperformance of mutual portfolio' for need for de facto rate hike
Danaos eyes another three 'stellar' years ahead as profits soar US-listed Danaos has been buoyed not only by sky-high containership chartering rates but also by windfalls from its shareholding in...
London marine market must learn from the past - or suffer the consequences The danger for London's marine market is past performance is not merely a guide; it has become a template
Gard blames pool claims and coronavirus for deficit First-half results are being 'shaped by a number of forces, most of which are being experienced across the sector,' says...
Will 'star wars' takeover benefit shipping? Viasat bought its British rival because of its global footprint, its fleet of satellites, and its vision. But perhaps more...
Daily Briefing Tanker owners look to Iran sanctions lifting for market recovery | COP26: Familiar faces and familiar problems as industry has...
MOL to trial hydrogen-fuelled engine The trial aims to commercialise net zero hydrogen-powered vessels and promote their wide adoption in the ocean shipping industry
Senators seek reform as US marine school halts programme after assault claim 'US Congress must act to address this scourge and protect our mariners,' says Senator Kirsten Gillibrand, one of three lawmakers sponsoring...
Retailers expect US supply chain congestion 'well into 2022' 'It does not look like the congestion will improve any time soon,' says founder of retail consultancy
CEOs meet with Biden on supply chain challenges President Biden got input Tuesday from express carriers and large retailers on the supply chain crisis.
DHL launches intra-European airline to meet e-commerce demand DHL is making changes to its airline-within-an-airline concept.
US regulators balk at billion-dollar takeover of Ports America Federal regulators are calling for a "full and thorough review" of the proposed purchase of the largest port operator in the U.S. by a Canadian...
Cargo attracts small European passenger airlines A handful of small airlines want a piece of the action in air cargo, which continues to grow at a robust pace.
Biden team harnesses infrastructure deal for quick supply chain relief The Biden administration is racing to cut red tape so the government can expedite port and freight transportation infrastructure investments.
REFINERY NEWS ROUNDUP: Plants in Europe report progress on upgrades Italy's Eni said in its Q3 report that bio throughput in the third quarter rose 8% to 163,000 mt and was 10% down in the nine months at 472,000 mt. Utilization rate was 63% in Q3, up from 53% and unchanged on the year at 62% in January-September.
OPEC+ hikes October output by 480,000 b/d but many members underperform OPEC's 13 countries pumped 27.55 million b/d, up 260,000 b/d from September, while Russia and eight other partners added 13.66 million b/d, up 220,000 b/d.
Japan's Idemitsu gets winter fuel oil supply requests 'double' from Jan-Feb: CEO Japanese refiners boosted their fuel oil supply for power generation in January following an emergency fuel supply request from the Federation of Electric Power Companies of Japan to PAJ.
China's hydrogen fuel price to be competitive against petroleum by 2030: Sinopec Marketing In late September, Sinopec-listed Shanghai Petrochemical launched a hydrogen supply center in Shanghai, offering hydrogen at around Yuan 40/kg. A senior official with Shanghai Petrochemical said in late March that the price was almost equivalent to using gasoline in a car covering a distance of 100 km when the price of crude is about $65/b.
COP26: UAE targets 25% of global low-carbon hydrogen market by 2030 The UAE already has seven hydrogen projects underway, and is targeting a large share of key export markets, including Japan, South Korea, Germany and India, as well as other markets it identifies as high potential in Europe and East Asia.
S Korea sees rise in marine gasoil demand amid high LNG prices LNG ships typically uses boil-off gas as bunker fuel while the ships also burn LSMGO, or low sulfur fuel oil, depending on their facilities, the sources said.
Singapore Q4 ex-wharf low sulfur marine gasoil inked at $2/b discount to 10 ppm LSMGO bunker sales rose 14.4% month on month to 331,700 mt September, Maritime and Port Authority of Singapore preliminary data showed.
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