Custom Dredge Works delivers new electric chain-ladder aggregates dredge Topeka, Kan.-based Custom Dredge Works (CDW) recently delivered a new 14 inch, electric powered, chain ladder dredge to Legacy Materials. Located in Booneville, Iowa, just outside of West Des Moines, Legacy Materials
Caterpillar Marine launches C32B Triple Turbo engine Following the launch of its C32B 2,025-metric horsepower engine, Caterpillar Marine has announced the release of the new Cat C32B Triple Turbo 2,433 metric horsepower (2,400 bhp) high-performance marine engine, with a
Foss Maritime names Will Roberts as next president Foss Maritime reports that Will Roberts has been appointed as the organization's next president. Roberts was formerly the Chief Operating Officer for Foss. "It was evident to our leadership team that Will's
Peter Georgiopoulis in United Arab Chemical Carriers swoop Veteran New York shipowner Peter Georgiopoulis is back in the in the news. United Overseas Group Ltd. (UOC), a company controlled by Georgiopoulos and long time associate Leonidas Vrondissis is to acquire
Michigan and Illinois agree to advance invasive carp prevention project The governors of Illinois and Michigan have agreed to work jointly to protect the Great Lakes from invasive Asian carp species. Michigan Gov. Gretchen Whitmer and Illinois Gov. JB Pritzker have announced
Greeks buy UAE tanker company The transaction, subject to shareholder and regulatory approvals, is structured as a reverse triangular merger, the first of its kind under...
Average LNG spot rates rally to break $320,000 The commodity is in hot demand, especially in Asia, where the cold winter and the restricted LNG tonnage supply have...
Gulf rivals resume shipping links with Qatar Move should facilitate transhipment for mainhaul vessels unable to make direct calls due to draft restrictions
No respite as record broken at Los Angeles and Long Beach Poor visibility has pushed the number of vessels at anchor in San Pedro Bay to a record level. With more...
Regulation is key to shipping's green push, Lloyd's List survey finds The Lloyd's List shipping decarbonisation survey finds out what the industry's most important stakeholders see in their future and what...
Australia bans livestock carrier over hull breach The Australian Maritime Safety Authority has banned a livestock carrier from Australian ports for two years for endangering safety and...
UK drops case related to Nave Andromeda incident 'We concluded there was no longer a realistic prospect of conviction and discontinued the case,' says the UK Crown Prosecution...
Shipping's future must be more than fuels A comment posted on a webinar goes to the heart of shipping's malaise. Future fuels are important but what about...
Shipowners' Club to concentrate on small craft specialism in renewal round 'We have to make sure we can give to members diversified product. Alongside their traditional straightforward bog-standard P&I, they get...
New year, new box spot rate highs The resurgence of pandemic lockdowns and a shortage of equipment is pushing up demand for container slots. Asia-Europe rates have...
Chinese lessors see 7% drop in ship lending last year Despite headwinds, Chinese leasing lenders have managed to grow their total vessel portfolio by more than 11% and are expected...
The Lloyd's List Podcast: Containers cashing in and carbon clarity On the podcast this week we examine whether shippers' complaints that box lines are profiteering hold any water. We then...
Container lines: Profiting or profiteering? Recent complaints by shippers have seen regulators showing an interest in box carriers again. But is there really any case...
Daily Briefing Free to read: Container market recovery extends through November | Container lines set to blank fewer sailings | Crew-change restrictions...
Airlines reinstate collection of federal excise tax for air cargo Airlines operating in the U.S. are once again collecting the federal excise tax on freight shipments that were suspended for most of last year to...
Kuehne + Nagel lands global logistics deal for Moderna COVID-19 vaccine The Swiss logistics giant Kuehne + Nagel has extensive pharmaceutical experience and will handle the storage and transportation of COVID-19 vaccines for Moderna around the...
Petrobras sets fresh annual oil and gas production record in 2020 Brazilian state-led oil company Petrobras set a fresh record for annual output in 2020 on better-than-expected performance at the Buzios Field and improved corrosion treatment efforts at its subsalt fields, the company said Jan. 7.
OIL FUTURES: Crude rally extends as Biden promises more stimulus, faster vaccine rollout An overnight crude price rally extended in mid-day US trading Jan. 8 as expectations of robust stimulus spending from the incoming Biden administration offset a weaker-than-expected US jobs report.
Refinery margins worsen as middle distillates cracks weaken to multi-weeks lows Refinery margins have been worsening again this week as middle distillate product cracks weaken to multi-week lows amid falling demand in Europe as crude prices rallied following the OPEC+ agreement to extend production cuts.
Bad weather halts bunker operations at Gibraltar: port authority All bunkering operations at the port of Gibraltar have been suspended due to adverse weather conditions, Gibraltar's Bunkering Superintendent told S&P Global Platts Jan. 8.
REFINERY NEWS ROUNDUP: Stocks draw in Singapore, imports and exports rise Singapore's commercial onshore middle distillate stockpiles fell to the lowest level in nearly five months, dropping under 15 million barrels as exports rose, although stockpiles remain at historically high levels.
Middle East gasoil holds steady on strong demand from East Africa Despite volatility in Middle Eastern gasoline and jet fuel markets over the past month, 10 ppm gasoil values have remained stable due to ample supply and strong demand from Africa, traders said Jan. 8.
INTERVIEW: Japan eyes Middle East, Australia and N America for ammonia supply chain **Looking at producing ammonia from natural gas **Blue ammonia costs 'extremely low' compared with green ammonia **To start with co-burning with coal, complete burning in 2040s for power
Bunkerworld Index: Prices rise as bullish crude factors offset limp demand **Traders at Asian hubs hope for higher demand in H2 Jan **European market lacks direction amid mixed buying interest **USGC ports see weak demand, pockets of tightness elsewhere
Backwardated structure, arbitrage demand spur new year North Sea crude trading Trading in the North Sea crude oil market has got off to a brisk start in the new year, with a backwardated paper structure -- which incentivizes sellers to offload oil promptly -- occurring at the same time as increased interest from China for grades from the region, according to market sources.
LNG BUNKER WEEKLY: Singapore receives first LNG bunkering barge; Avenir launches new LNG bunker vessel **Shipyard operator Keppel Offshore & Marine delivered Singapore's first LNG bunker barge **The LNG bunkering vessel (LBV) Avenir Aspiration was launched on Dec. 26 in China
ARA fuel oil stocks drop 20.8% on week to 1.096 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region fell 20.8% week on week to 1.096 million mt on Jan. 6, according to Insights Global data.
REFINERY NEWS: Japan's Idemitsu shuts 150,000 b/d Hokkaido CDU after fire apan's second largest refiner Idemitsu Kosan shut the sole 150,000 b/d crude distillation unit at its Hokkaido refinery after a fire late Jan. 7 near the residual pump attached to the CDU, a company spokesman said early Jan. 8.
Gasoil laden VLCC en route to Asia, first to return East in over a year **VLCC Yuan Gui Yang estimated to arrive Jan. 14 **Asia favored as preferred gasoil destination on firm EFS
SINGAPORE DATA: Residue stocks inch up 2.6% on increase in fuel oil imports Singapore's commercial onshore residue stocks edged 2.55% higher to 22.516 million barrels, or 3.55 million mt, in the week to Jan. 7 from a week earlier as fuel oil imports doubled and exports fell 49%, amid weaker bunker demand, Enterprise Singapore data showed on Jan. 7.
US fuel oil prices reach highest levels since Feb. 2020 on limited supply USGC marine fuel reached its highest level in nearly a year Jan. 7 on a rebound in the underlying crude complex along with limited blending components.
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