VIDEO: Elon Musk gives sneak peek at new drone ship Elon Musk has taken to Twitter to share video of the new SpaceX drone ship, but didn't give many details. However, reports are that it was converted from a former McDonough Marine
ABB offers new fleet-wide performance optimization solution A new online platform, ABB AbilityMarine Fleet Intelligence - Advisory, combines the power of cloud-based analytics and reporting with user-friendly visualizations to help shipowners, managers and charterers optimize ship performance fleet-wide. Offered
Maine law prohibits offshore wind projects in state waters, but ... Maine Gov. Janet Mills has signed into law legislation prohibiting new offshore wind projects in state waters. According to her office, the prohibition preserves state waters-where up to 75% of Maine's commercial
Atlantic Towing selects Vard Electro for PSV battery hybrid conversion Saint John, New Brunswick, headquartered J.D. Irving Group company Atlantic Towing has selected Vard Electro to integrate a hybrid battery system into the diesel-electric propulsion plant of its 2017-built PSV Atlantic Shrike.
Ample availability for ship funding, says ABN Amro Dutch bank ABN Amro is looking for green growth in European shipping projects following the sale of its US portfolio...
Capital confirms boxship and MR2 orders with KSOE Greek owner adds gearless feeder series and product tankers to LNG carriers and neo-panamax boxships already on order with Korean...
Easing of restrictions boosts London Shipping Week plans London capitalises on removal of restrictions to make London International Shipping Week 2021 a hybrid event, welcoming in-person and virtual attendees
Largest stock draw 'in a decade' dampens tanker rates outlook As global crude demand surged by 3.2m barrels per day in June, worldwide liftings on tankers were tracked 750,000 bpd...
Coal trades at risk from short-term disruptions MSI expects reduced exports from South Africa in the second half of this year due to infrastructure problems
Eastern Pacific turns to VR for LNG bunkering training The benefit of virtual reality training is that it is not limited to narrow simulations but can reflect the most...
Real-time data and competence make shipmanagement compelling Shipmanagers handle about one ship in six of the world fleet. But times are changing: The era of simply complying...
South Korean builders remain dominant in high value-added tonnage South Korea's 'big three' shipbuilders have all fared well so far in 2021 in terms of orders. The nation's yards...
Equipment platform expands into tank containers Dry box equipment leasing platform Container xChange has moved into the growing tank container market. The deal will bring transparency...
Stena Bulk bails out Concordia Maritime Concordia Maritime and Stena Bulk both controlled by Sweden's Sten A. Olsson family
Daily Briefing Free to read: Rescuing migrants at sea could lead to prison under new UK law | Ammonia hype builds in...
Shell signs carbon-neutral LNG deal with PetroChina Companies agree to offset carbon dioxide emissions generated across the value chain of each LNG cargo using third part-accredited credits...
US agencies agree to collaborate on maritime antitrust issues The agreement establishes a framework for the FMC and the DoJ's Antitrust Division to review law enforcement and regulatory matters...
Piracy and armed robbery at lowest level for 27 years Piracy incidents are at a 27-year low in the first half of 2021 but crews must stay vigilant, according to...
Yang Ming denies link to 24,000 teu ships order Taiwanese media reports linked Yang Ming to an order for as many as 10 super-sized containerships. The company says it...
Delta Air Lines to lease 7 cargo-friendly A350s Delta has a stronger balance sheet than many airlines so it is going to the market to expand its fleet.
Postal Service tractor-trailer driver recounts 'slow and steady' service decline The Postal Service OIG seeks an additional $17 million to respond to future service challenges.
BBAM goes bananas for Boeing 737-800 freighter Modern narrowbody freighters that can be reclaimed for cargo are very popular with all-cargo operators because they fit well with express networks. Leasing companies are...
Port of Vancouver congestion mounts despite resumed rail service With 41 ships at anchor, the Port of Vancouver is continuing to feel the strain as CP and CN resume service in a fire-afflicted region...
FreightWaves Flashback: E-shipping blues 1999: eBay ushers in e-commerce's most dramatic distribution channel disruption in decades.
Long-haul narrowbody, supersonic jets could threaten air cargo Greater fuel efficiency is allowing airlines to downsize to smaller aircraft on trans-Atlantic routes. That's bad news for cargo shippers that need wide aircraft.
INDIA DATA: June gasoil consumption rises 12% on month, recovers from 8-month low India's gasoil consumption rose 12% month on month in June, the latest provisional data from the Petroleum Planning and Analysis Cell showed, with the increase coming on the back of easing coronavirus-linked restrictions which helped spur demand for middle distillates.
High inland middle distillate stocks, competitive refineries make Rhine closure inconsequential Inland middle distillates markets were unaffected by high water levels and closures on the Rhine, as inland stocks and refineries have been more competitive than barrels from the Amsterdam-Rotterdam-Antwerp trading hub and inland stocks remain high despite a narrow contango.
CLEAN TANKER QUARTERLY: Markets face increased vulnerability in summer months Overwhelming tonnage, closed arbitrage opportunities and firming bunker fuel prices were the mainstays of the clean tanker markets for most of the second quarter, and will likely be the case heading into Q3 in the West of Suez basins.
OIL FUTURES: Crude, fuel prices climb amid rising demand, expected inventory draw Crude oil futures rose July 13 as strong demand combined with the anticipation for bullish draws in US inventories to boost prices and overwhelm bearish sentiment from spiking US inflation numbers that perked up the dollar.
Too late for an August deal, OPEC+ still hopes to head off oil squeeze OPEC and its allies have thrown in the towel on clinching an oil supply accord for August and are now hoping for a deal to cover September and beyond, delegates told S&P Global Platts, though little progress has been made in the standoff between Saudi Arabia and the UAE.
Panama Canal LNG transits jump 12% through three quarters of current fiscal year LNG tanker transits through the Panama Canal recorded a 12% increase from October through June compared with the same period a year earlier, the Canal operator data shows.
Kuwait receives first LNG import at Al Zour as power demand surges The shipment -- delivered on a Qatari Q-Flex tanker -- consisted of 213,000 cubic meters of LNG, while a second 217,000 cu m shipment from Qatar has also been scheduled, according to a July 12 announcement on the Kuwaiti state-owned news service, Kuna.
Tank sizes an issue for future marine fuels, Sea-LNG says Liquefied ammonia requires twice the storage space of LNG.
OIL FUTURES: Crude up as rising demand, expected inventories draw weighs down inflation effect As of 1530 GMT, August WTI added 45 cents to $74.55/b and ICE September Brent gained 66 cents to $75.82/b.
SWISS buys Neste SAF amid push for decarbonization This delivery of SAF is sufficient to fuel more than 175 short-haul flights and will be fueled at Zurich Airport via the conventional hydrant system, the joint statement said.
Bankers eye Europe renewable hydrogen opportunity with caution European developers have announced over 5 GW of electrolysis projects to be commissioned by 2024 and conversations with banks have begun, but it looks like the sector will have to learn to walk before it can run.
Shipping sector renews calls for bunkering meters in Europe's key port hub As a result, a number of industry figures, including product tanker company Hafnia Group, have called for mass flow meters to circumvent these disputes.
Hong Kong balance July ex-wharf bunker premiums jump on firm cargo values, lift of quarantine HK bunker suppliers continue to buy bunker fuel on spot basis due to higher ex-wharf premiums, a bunker trader said,
SINGAPORE DATA: June bunker sales rise 7.4% on year to 4.11 million mt The year-on-year gains followed a near 32% rebound in sales of bunker grade high sulfur fuel oil, or HSFO.
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.
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.
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.
Commodity broker FIS to launch freight, fuel, emissions product "We are building on FFAs (Forward Freight Agreements) to FFEs (Freight, Fuel, Emissions)," Banaszkiewicz said.
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