VIDEO: Crowley to build and operate America's first fully electric harbor tug "The eWolf represents everything Crowley stands for: innovation, sustainability and performance," said Chairman and CEO Tom Crowley, as Crowley Maritime announced that it is to build and operate what will be the
CIMC Raffles to build up to 6 LNG-fueled car carriers for Wallenius Chinese shipbuilder CIMC Raffles reports that, on June 30, it signed a contract with Wallenius for two next generation low emission, 6,500 car capacity, pure car carriers. The contract includes two options,
Bollinger christens ocean transport barge Lockport, La., headquartered Bollinger Shipyards LLC, held a christening ceremony Saturday, July 10, to name the ocean transport barge Holland. Built for General Dynamics Electric Boat under a contract awarded jn November
Biden targets detention and demurrage charges Should containership lines and ocean shipping alliances be getting hot and bothered by President Biden's executive order aimed at increasing competition in U.S. economy? The only aspect of liner shipping specifically addressed
Green shipping tops the agenda of maritime summit in London Delegates will work on collaborative solutions for systemic challenges such as the decarbonisation of shipping, and explore avenues to improve...
X-Press Feeders makes first compensation payment Clean-up operations are still continuing following a fire and the sinking of X-Press Pearl. Salvors are still monitoring the wreck...
Rescuing migrants at sea could lead to prison under new UK law 'If you are in the situation where whatever you do is an offence, it is hard to see how it...
Gas carrier rates fall seen as 'temporary setback' An oversupply of vessels amid fewer cargoes as gas prices rise stifles rates which Cleaves estimate will surge in 2022...
Prokopiou bulker damaged in Zodiac boxship collision A Prokopiou-owned bulk carrier sustained heavy damage in a collision with a 15,000 teu containership in the Strait of Malacca...
Carriers make their case as supply chain chaos continues Box carriers are facing increased criticism and oversight as US exporters wield their political clout. But they say there is...
Klaveness sells boxship quartet for three times 2019 value Second-hand market for containerships continues to rise as charter rates for feeder tonnage surge 15% in a week
Slowing container demand growth poses risk to growing order book Carriers have returned to the yards in earnest since volumes began to recover in the past year. But their eagerness...
Ammonia hype builds in shipping market 'If all of today's long-haul shipping is converted to use ammonia as fuel, it will consume about 500m-600m tonnes of...
Daily Briefing Free to read: China sees shipping as a potential target for national carbon market | Regional freight rates set to follow...
Fire-damaged MSC vessel being repaired in Singapore The vessel, MSC Messina, arrived at the shipyard last week after discharging the containerised cargoes at PSA Singapore terminal
UK cuts maritime trade fair grants Maritime trade bodies have expressed dismay that the UK government is ending a grant scheme that helps small businesses exhibit...
Standard Chartered closes $584m newbuild financing with HMM Standard Chartered said the deal marked one of its largest bilateral shipping finance transactions, with the bank acting as the...
China Merchants offloads non-eco designed VLCC Move is part of the company's fleet renewal plan to increase the percentage of eco-designed vessels and to adapt itself...
Unipec retains position as largest dirty tanker spot charterer Unipec dominates the dirty spot market, with 453 reported fixtures representing 100.6m tonnes of cargo, which is almost equal to...
Maritime regulator signs first-ever competition agreement with Justice Department The Federal Maritime Commission has partnered with the DOJ to pursue competition violations.
Singapore's VLSFO-HSFO spread widens to 5-month high on firm fundamentals "The ex-wharf market though is improving, and term discussions for August are already being offered a couple of dollars higher than July at close to $6/mt," a supplier said.
Slow pace of European hydrogen policies could see private investors 'run away' "We need much stronger policies, and faster," van Hulst said at a Euractiv virtual panel debate.
Kuwait's new LNG import facility receives commissioning cargo The commissioning cargo was sourced from Qatar and delivered by the 217,000 cu m Q-Flex class Al Kharsaah tanker on July 12.
Commodity broker FIS to launch freight, fuel, emissions product "We are building on FFAs (Forward Freight Agreements) to FFEs (Freight, Fuel, Emissions)," Banaszkiewicz said.
RUSSIA DATA: Jan-May oil product exports stay steady on year Russia's refined oil product exports over January to May were 0.6% higher year on year at 62.081 million mt, customs data showed July 12.
East of Suez ULSD flows to Europe at 810,000 mt for July so far: cFlow Around 810,000 mt of East of Suez ultra low sulfur diesel is set to arrive in Europe in July so far, according to S&P Global Platts trade flow software, cFlow.
INDIA DATA: June oil products demand rises 1.5% on year to 4.3 mil b/d India's demand for oil products in June rose 1.5% year on year to 16.3 million mt, or 4.3 million b/d, the latest provisional data from the Petroleum Planning and Analysis Cell showed on July 12, reflecting an improvement in oil demand after the second wave of the coronavirus pandemic in Asia's third-largest economy.
Brazil's Petrobras to sell 62.5% Papa-Terra stake to 3R Petroleum Brazilian state-led oil company Petrobras agreed to sell its 62.5% operating stake in the offshore Papa-Terra Field to new private-equity backed player 3R Petroleum for $106.5 million, Petrobras said July 12.
OIL FUTURES: Crude prices fall on unease of Delta variant, OPEC+ discord Crude oil prices fell July 12 amid growing unease about the spreading Delta coronavirus variant as well as ongoing concerns over discord within the OPEC+ group that has been unable to agree on unwinding production cuts.
US Treasury allows LPG exports to Venezuela in possible sign of easing sanctions The US Department of Treasury granted a sanctions waiver July 12 allowing US companies to export or re-export LPG supplies to Venezuela, the first move by the Biden administration to ease sanctions on the economically hard-hit country.
AMERICAS BUNKERS: Key market indicators July 12-16 In Santos, Brazil, the fuel dropped $16, or 2.8%, to $546/mt and in Buenos Aires, it retreated $15, or 2.6%, to $570/mt. It is not looking good lately, a market source said talking about days of low demand in the Argentinian market.
Asia residual fuels: Key market indicators for July 12-16 ** According to Platts data, the spread between delivered marine fuel 0.5%S at Hong Kong and Zhoushan narrowed to $8/mt on July 9, from $10/mt the previous day.
Industrial partnership to study Normandy carbon capture and storage A first phase under a Memorandum of Understanding would seek to reduce CO2 emissions in the Axe Seine/Normandy area by three million mt per year by 2030, the companies said.
European Energy Exchange launches zero carbon freight index Price information is taken from the highly liquid EEX Dry Freight FFA market which is then combined with EEX EUA Futures to create a daily Zero Carbon FFA rate which reflects a 100% carbon reduction, the bourse said.
SHIPPING: Hydraulic oil spills in Melaka Straits after bulk carrier collides with containership The Panamax bulk carrier Galapagos has spilled hydraulic oil in the Melaka Straits after colliding with the 15,000 Teu mega container ship Zephyr Lumos over the weekend, Malaysia's maritime authority said July 12.
Shell agrees five-year deal with PetroChina for supply of carbon-neutral LNG The carbon credits used to offset life-cycle CO2e emissions generated from the cargo delivered on July 12 come from Shell's global portfolio of emission reduction projects, it said.
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators The premium for delivered 0.5%S marine fuel over barges at Rotterdam fell 50 cents/mt week on week to $9.00/mt.
RUSSIA DATA: Throughput at nation's seaports for Jan-June rises 0.3% on year In the Caspian basin, overall throughput for January-June fell 12.2% on the year to 3.67 million mt, the ministry said. Dry cargoes fell 30.2% to 1.26 million mt, and liquids rose 1.4% to 2.41 million mt.
Oil trader Trafigura buys stake in major US salt cavern storage facility
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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