GD-NASSCO launches T-AO 25 The future USNS John Lewis (T-AO 205), the Navy's first in a new class of Fleet Replenishment Oilers, was launched by General Dynamics-National Steel and Shipbuilding Company, San Diego, on January 12;
ClassNK issues first Innovation Endorsement for Products and Solutions The integrated ship operation and performance management system Kawasaki Integrated Maritime Solutions, jointly developed by K Line and Kawasaki Heavy Industries Group, has received ClassNK's first Innovation Endorsement for Products & Solutions.
Global Drone Inspection takes on specialist drone and ROV services from RIMS BV A pioneer in class-approved drone inspections, Delft, Netherlands-based RIMS (Robotics in Maintenance Strategies) BV, has now set up a sister company to focus on the drone and ROV elements of its business.
TTB: What to do when the bottom falls out: Everything you hope you'll never need to know about restructuring In the past year, the tug and barge industry has seen one of its biggest names wind up in a bankruptcy case that's been anything but a neatly prepackaged restructuring. Others have
Chouest's LaShip starts robotized micro panel production Finnish welding automation specialist has delivered a PEMA VRWP-C robotic welding station to Edison Chouest Offshore's LaShip shipyard in Houma, La. The station has been commissioned by Pemamek's local service team in
New York awards Equinor largest-ever U.S. offshore wind contract The state will contract with Equinor Wind US LLC for the development of two new offshore wind farms more than 20 miles off the shore of Long Island, N.Y., in what is
Port of Los Angeles powered through an 'erratic' 2020, director says 'One major issue we continue to face is drayage inefficiency', he said, adding that long turn times and a lack...
Attack on Hapag-Lloyd vessel may be drug-related, say authorities A Hapag-Lloyd panamax was boarded by intruders looked for drugs smuggled on the vessel, according to Colombia's coastguard
Odfjell targets green investors with shipping's first sustainability-linked bond The Norwegian firm says the pioneering bond was oversubscribed. It will help halve its fleet's emissions by 2030 and matures...
UK's Britannia Club to redomicile in Luxembourg due to Brexit 'Clearly we would not be redomiciling our business if it were not for Brexit. It has been an unwelcome diversion...
War risk underwriters eye Red Sea rates after Houthi attacks The fallout from the Yemen conflict has led to speculation about firmer pricing, although many underwriters are still evaluating developments...
Alternative financing landscape seen improving for smaller owners With up to 60% of ships belonging to small-to-medium shipping companies, alternative lenders have a role to play in the...
Ocean Alliance adds capacity for expanded network Increased vessel sizes result in fewer ships providing more capacity. High demand levels have led to an additional loop being...
US blacklisting of Yemeni rebels risks maritime safety The Donald Trump administration's designation of the Houthi rebels as a 'terror group' will worsen the Yemen crisis and make...
Hapag-Lloyd drops west coast call as congestion continues Hapag-Lloyd is dropping one of its calls to Long Beach until further notice due to the ongoing congestion problem faced...
Maersk suffers IT outage Staff are unable to login to networks and customers are cannot access booking functions. Customers are advised to use email...
Alibaba logistics arm launches container booking service This is part of a wider trend of end users taking things into their own hands as container carriers are...
Daily Briefing Free to read: Shippers starved of options as China feeders face shutdown | Seanergy hails financial restructuring | Mutant virus...
NYK implements work from home for all staff MOL has previously cut its office population to 30% as the coronavirus backdrop took hold in Japan last year. NYK...
Oriental Energy linked with VLGC orders at Jiangnan Sources familiar with the deal confirm the orders include two firm 93,000 cu m very large gas carriers, with options...
Scrubber economics improve for newbuilds At a price spread of $50, payback for an exhaust gas scrubber order is achievable within five to six years...
China imports record iron ore and coal in 2020 BIMCO's chief shipping analyst Peter Sand expects China to continue to increase its dominance, although growth is likely to be...
Seroka: Port of LA 'stayed the course' during difficult 2020 "The way we responded to the challenges, kept commerce moving and preserved jobs is a story that we will all remember for a long time...
Delta Air Lines adds to C-suite, cargo teams Delta Air Lines is bringing in new blood and hiring from within as it works through the impact of the coronavirus pandemic.
Delta grows cargo revenue, narrows loss to $2.1B in Q4 Delta's downsizing helped it contain costs during an extremely challenging pandemic year. On Thursday, it reported a fourth-quarter loss before taxes of $2.1 billion.
Crude price rally extends amid dollar retreat, stimulus hopes Biden expected to present a sweeping pandemic relief, stimulus plan.
Scheduled airline capacity falls 44% in 2020 amid shifting fuel demand patterns: OAG **Capacity in Northeast Asia, including China, falls 26.9% **Jet fuel demand recovery slow, led by India, Brazil
European road, air mobility improves despite risk of extended lockdowns **Mobility higher in Europe's five biggest economies **Commercial air traffic shows slight improvement **Regional flights still 58% below 2019 levels
Japan strikes first fuel ammonia cooperation deal with Abu Dhabi's ADNOC Aim is to start using 3 mil mt/year of ammonia as fuel for power by 2030.
NWE gasoline exports to US set to weaken as buying interest falters: traders **Gasoline inventories building: EIA, Insights Global data **Lower gasoline production could balance market
First offshore LNG articulated tug and barge in US ready for operation: Shell Vessel to provide ship-to-ship LNG bunker operations.
OPEC keeps oil demand forecast little changed as it takes aim at shrinking stocks **Stockpiles 163.1 million barrels above 5-yr average **OPEC pegs 2021 oil demand at 95.91 million b/d **OPEC pumped 25.36 million b/d in December
ANALYSIS: Momentum of LR2 eastbound market slows despite soaring naphtha prices **LR2 Med-Japan rates hit 4-month highs at start of 2021 **Naphtha prices keep arb open but more US product could be pulled
Saudi cooperation with Russia in OPEC+ helped stabilize oil markets: foreign minister **Saudi Arabia to continue cooperating with Russia within OPEC+ **Country to continue efforts to stabilize oil markets **Saudi Arabia, Russia lead OPEC+ alliance
Norway eyes 19% oil production increase to 2024 on Sverdrup success, new projects **Sverdrup phase 2, Johan Castberg to support output **Tax breaks helping stabilize investment **Electrification could underpin 40% abatement of CO2
Crude MOC: Sour complex edges lower as demand remains weak Benchmark cash Dubai continued to ease further as buying demand for Middle East crude remained elusive.
REFINERY NEWS: Eni evaluating possible conversion of Livorno into bio-refinery Eni, which owns the Livorno refinery located in the Italian coastal city of Livorno, has started evaluating whether to convert the plant into a bio-refinery, according to information provided by a company spokesperson.
Weaker Chinese commodity demand could hit dry bulk market in 2021: BIMCO **Chinese heavy industry led dry bulk growth in 2020 **2021 economic growth to move in new directions
INTERVIEW: Waste-derived hydrogen the vehicle fuel of the future, says Ways2H CEO In the not-too distant future, it could become common practice to head out to the local waste processing facility to fill up your vehicle - and the fuel will be hydrogen rather than gasoline or diesel, according to Ways2H CEO and co-founder Jean Louis Kindler.
JAPAN DATA: Oct bonded bunker fuel oil sales rise 14% on year to 2.8 mil barrels **January-October sales rise 13% on year **New bunker projects increase customer base
Singapore's 2020 maritime performance resilient despite global COVID-19 hurdles: Minister Port promoting cleaner marine fuels to meet decarbonization objectives.
Global oil demand set for brief jump as LNG price spike triggers oil-fired power: Goldman Sachs **Goldman sees up to 1.5 million b/d of oil demand boost **Seen as supportive for 2021 oil price recovery **LNG-heavy Equinor, Shell, Total set to benefit
CHINA DATA: 2020 crude imports rise 7% to 10.9 mil b/d, Dec inflow falls to 27-month low China's crude imports fell to a 27-month low of 9.096 million b/d, or 38.47 million mt, in December, but total imports over 2020 were up 7% year on year to 10.86 million b/d, General Administration of Customs data released Jan. 14 showed.
US DATA: EIA reports spike in US West Coast gasoline inventory Data published by the US Energy Information Administration reported a a jump in gasoline inventories on the US West Coast, with stocks rising 1.74 million barrels over the week ended Jan. 8.
FUJAIRAH DATA: Product stocks fall for 4th week, longest slide since October 2020 **First gasoil shipment in a year heading for Sudan **Fuel oil shipments to Sri Lanka resume **5-week drop in middle distillate stocks longest on record
US crude oil inventories extend run lower amid strengthened refinery runs **Commercial crude stocks fall 3.25 million barrels **Net crude inputs hit 20-week high at 14.65 million b/d **Gasoline stocks fall behind 5-year average
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