VIDEO: MHO-Co CTV newbuilds delivering emissions cuts The two advanced hybrid crew transfer vessels (CTVs)-MHO Asgard and MHO Apollo-delivered earlier this year to Ejsberg, Denmark-based wind farm transfer company MHO-Co have started working at Ørsted's Hornsea Project 2 offshore
MAN Energy Solutions wins order for HyProp ECO system Hamburg-based tanker operator John T. Essberger is pursuing a fleet renewal program that aims to achieve an increase in energy efficiency of 30%. To help meet that objective, the first four 6,600
Fortescue to have green vessel at sea in 2022 Australia's Fortescue Metals Group plans to have a vessel operating on green ammonia at sea by next year. The news was announced yesterday in an address at the COP26 Transport Day by
VIDEO: Local agencies extinguish Ohio River towboat fire The Ohio River was temporarily closed between Mile 499 and Mile 501 on November 9 when an engine fire reportedly broke out aboard the towboat Captain Kirby Dupuis when in transit near
Offshore Wind: ABS Consulting partners with Global Maritime ABS Group operational risk management specialist ABS Consulting Inc. (ABS Consulting) has formed an alliance to support the U.S. offshore wind sector with Stavanger, Norway, headquartered marine offshore and engineering consultancy Global
USACE to perform major winter repairs at 6 locks The St. Paul Engineer District is preparing for major repairs at six of its Mississippi River locks this winter to ensure they continue working as designed. Maintenance is scheduled at Lock and
WCI reports leadership election results At its Annual Meeting and Board of Directors meeting held November 2 in St. Louis, Mo., Waterways Council Inc.'s (WCI) nominating committee consisting of Matt Ricketts (Crounse Corporation), WCI Chairman; Cherrie Felder
COP26: Countries build green corridors without the IMO Shipping told it must make the green transition fair to seafarers and developing countries as nation states forge their own...
Britannia's post-Brexit switch to Luxembourg 'serenely swanlike' Regulators in the Grand Duchy insist on substantial presence from locally domiciled insurers and move was a lot more than...
D'Amico chief says product tanker market is turning a corner The Italian owner, which has sold one of its oldest vessels, says next year offers better prospects as vaccine uptake...
Søren Toft: No silver bullet for supply chain crisis The supply chain is backed up from warehouses to port and even out to sea. Until all the elements are...
Ports need reliable schedules to ease terminal congestion Carriers say their schedules are unreliable due to port congestion but ports blame congestion of late vessels. The Catch-22 situation...
Maran Gas orders two LNG carriers plus options at DSME Move signals commitment 'to achieve significant near-term reduction' in emissions, says chief executive Maria Angelicoussis
Green methanol: Future fuel or foolish fantasy? The decision by AP Moller-Maersk to back methanol in a containership order has raised the level of discussion about MeOH...
Hafnia acquires 32 vessels in takeover of Chemical Tankers The transaction, which is expected to be completed by February next year, subject to consent or waivers from some of...
Speculative carriers squeezed by US port congestion China's Bal Container Lines has scaled down its China-US services and is shifting its focus to Australia, South America and...
Shipping groups launch climate change task force ITF general secretary Stephen Cotton says maritime workers need to be reassured they have a place in a greener and...
Pockets of demand raise hopes for BW Epic Kosan The company says that while a recovery is evident across its sector, with demand growth exceeding net fleet growth, the...
Head of biggest P&I club plans to go low in next renewal round Gard sets internal target of 7.5% topline boost for 2022, significantly below double-digit going rate adopted by most other International...
Daily Briefing COP26: Governments take position on climate measures ahead of key IMO meeting | Governments pledge to develop zero-emission shipping routes...
Disruptions benefit dry bulk shipping, says operator Precious chief says there are signs that economic activity is increasing, with a rise in tonne-mile demand
US port throughput figures rise as Biden promotes infrastructure plan Number of containers on the docks at Los Angeles and Long Beach for more than nine days has declined by...
Klaveness expects dry bulk to remain resilient Optimism over freight rates in the very short term and into 2022 springs from all-time low nominal fleet growth combined...
Port congestion is a fundamental challenge for marine insurers Global trade is increasingly dependent on an interlinked sequence of supply and manufacturing operations working smoothly, which creates a connected...
'Gobbling up' cargo: How crude tankers cannibalized product tankers Crude and product tankers may be totally different markets, but 2021 proved how connected they are.
Latest supply chain challenge: China's terrestrial AIS data blackout "The shipping industry as a whole has become increasingly reliant on using AIS data for operational purposes," says VesselsValue's Charlotte Cook.
Green shipping corridors to come out of COP26 A climate conference in Glasgow, Scotland, hosted Transport Day on Wednesday, when global leaders signed on to create at least six green maritime routes by...
Ports of Charleston and Virginia see record container volumes in October SC Ports and the Virginia Port Authority are benefiting from customers seeking less congested ports, they said.
California DMV nearly doubles capacity for commercial driving tests California officials are trying to address a perceived shortage of truck drivers by making it easier to get a license.
Product tanker group d'Amico sees higher Q4 demand on more mobility Increasing vaccination rates and the easing of social distancing measures should benefit oil demand toward the end of 2021, Paolo d'Amico, company CEO and chairman said
COP26: Revenue from carbon prices on shipping must be targeted, say experts **IMO expected to discuss carbon levy in November **EU ETS criticized for lack of transparency
Bunkering operations suspended at Malta due to bad weather The situation was only expected to last until Nov. 12, the source added.
COP26: Voluntary carbon market value tops $1 bil in 2021: Ecosystem Marketplace CORSIA-eligible carbon (CEC) credit prices have surged by 944% in 2021, with the value pegged at $8.35/mt at the close Nov. 10, according to S&P Global Platts assessments, compared with 80 cents/mt on Jan. 4.
China's carbon market may cover refining and petrochemical sector by 2022-2023 The move will bring China's national oil companies -- which are some of the world's largest oil and gas producers, importers, refiners and distributors --- into the carbon market, and cover a large segment of the petroleum supply chain.
Energy majors stage muted oil, gas recovery as climate pressures force fossil retreat Both European and US majors have seen their upstream production mix remain steady over the course of the pandemic, the quarterly statements show.
Loadings, tankers delayed by bad weather in Black Sea, Bosporus Delays have affected the supply of oil products and crude oil in the Mediterranean, and led to a rise in freight rates.
COP26: US-China agree to work on methane reductions in joint declaration The statement comes after a global methane pledge by more than 100 countries at COP26 aimed at reducing global methane emissions by at least 30% from 2020 levels by 2030.
OPEC cuts 2021 oil demand outlook; still sees big market deficit through year-end Demand for OPEC crude is projected to average 29.57 million b/d over the fourth quarter, far higher than the bloc's output of 27.45 million b/d for October, the organization said in its closely watched oil market report.
Major economies, automakers dodge 2040 zero-emissions transport pledge While described as a global pledge, the declaration has been signed by no more than 33 of the world's governments.
HONG KONG DATA: Sep fuel oil imports surge 228.3% on year to 2.3 mil barrels Bunker fuel demand in Hong Kong turned weak after the government late July 2020 implemented a regulation, where ships were not allowed to take bunker fuel without cargo working.
GES to buy Gunvor Rotterdam site for low-carbon fuel terminal GES plans to develop storage for biofuels, and other renewable fuels and gas, as well as infrastructure for hydrogen and derivatives such as ammonia.
COP26: Hydrogen key to decarbonizing rail transport to meet net-zero goals: Alstom Production costs for renewable hydrogen are expected to fall dramatically this decade, underpinned by falling renewable power prices and power purchase agreements.
Fujairah oil product stocks jump record 27% on week Adding to signs of plentiful supplies, Bahrain Petroleum Co. issued a tender offering 40,000-60,000 mt of 10 ppm sulfur gasoil for loading from Sitra over Dec. 13-16, Platts previously reported.
Beijing allocates extra 1 mil mt bunker fuel export quota to Sinopec, PetroChina, CNOOC As a result, the total volume of fuel oil export quotas for 2021 will amount to 11.77 million mt.
Downstream demand strengthens Singapore Nov ex-wharf LSMGO differentials There are many delays seen lately, cutting down the number of barge turnarounds and limiting bunker sales, a Singapore-based trader said.
Singapore 0.5%S marine fuel backwardation widens to 21-month high on tight supply The spread, which was last wider Jan. 31, 2020, at $17.50/mt, has gradually been widening since Oct. 26 when it was assessed at $4/mt, S&P Global Platts data showed, as the supply situation tightened.
Winter fuel oil demand high from Japan power utilities, says ENEOS president "We are receiving a considerable volume of inquiries from power utilities for winter," Ota told a press conference, which he attributed to high LNG prices.
Singapore-Zhoushan delivered marine fuel 0.5%S spread at 5-month high The source said shipowners were likely to opt for bunker-only calls at Singapore due to stable weather conditions and the tightening of pandemic measures at various ports in the region that could potentially cause delays.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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