MAN gets a powerful co-sponsor for ammonia engine project Trafigura Group Pte Ltd, one of the world's leading independent commodity trading companies, is continuing its investment in renewable energy technologies by co-sponsoring the development of MAN Energy Solutions ammonia-fueled engine for
Push back against CDC cruise ban gains Capitol Hill support Florida's two U.S. senators, Rick Scott and Marco Rubio, along with Senator Dan Sullivan of Alaska, have introduced the Careful Resumption Under Improved Safety Enhancements (CRUISE) Act. The legislation would revoke the
Crowley fuels ship assist tug with low carbon biofuel Crowley Shipping and Shell Trading (US) Company ("STUSCO") recently began using a low carbon biofuel to power the Crowley tugboat Veteran, a ship assist and escort tug serving the Bay of San
Two U.S.-flag ATBs now using Sea Machines wireless helms Boston-based Sea Machines Robotics reports that its SM200 wireless helm system has been installed and is finding successful use aboard two sister U.S.-flag articulated tug barge (ATB) tugboats. Sea Machines' dealer Rio
Tasmania's TT-Line finally inks two-ferry order at Rauma shipyard An on-again, off-again contract between Tasmanian ferry operator TT Line Company and Finnish shipbuilder Rauma Marine Constructions (RMC) is on again. Yesterday, April 14, the Prime Minister of Tasmania granted permission for
First PCTC in UECC LNG battery hybrid trio launched The Jiangnan Shipyard in Shanghai has launched the first of three LNG battery hybrid PCTCs (pure car truck carriers) commissioned by United European Car Carriers (UECC), which is owned in equal shares
Weekly Briefing: Containers deal with Suez domino effect | Tankers pin hopes on US driving season | Capes continue to surge The shipping industry might be back to being 'out of sight, out of mind', but the domino effect of what...
Industry study claims LNG cuts emissions by up to 23% An industry-commissioned lifecycle emissions study found liquefied natural gas could reduce emissions up to 23% compared with very low sulphur...
$3.4trn investment to modernise fleet by 2050, says Stopford The rough estimate from the renowned shipping economist comes as he warns that ships built before 2020 could account for...
Shipping stocks see record quarterly gains The Jefferies Shipping Index gained an average of 40% in the first quarter with container and dry bulk names leading...
Tanker market eyes gasoline to lift stagnating rates Earnings that have remained below operating costs on most routes may remain at these levels for next six months says...
China's steel production cut may weigh on capesize market Some analysts have argued the production cut could be a tall order for Beijing with high domestic demand for steel...
Trafigura to co-sponsor MAN ammonia engine Manufacturer welcomes top trading house's support for key decarbonisation technology
Turkish shipping has green ambitions but lacks financial clout With traditional international banks retreating from shipping, there has been less support for Turkish banks, attendees of a virtual Marine...
Kidnapped crew of Davide B released Fifteen officers and crew kidnapped from the chemical tanker Davide B in the Gulf of Guinea in March have been...
Freight rates for LPG carriers bounce as market hopes rebound Demand growth is expected to be strong in Asia driven by both the petrochemical and retail sector and also in...
Singapore imports first carbon neutral LNG cargo The delivery of the cargo marks the first step Singapore has taken to decarbonise the footprint of its LNG trade
What the plethora of green partnerships has overlooked Alliances are the zeitgeist. But when they are competing for human expertise and research and development funding, alliances will inevitably...
Ever Given casualty places crisis communications under the spotlight When a major shipping casualty occurs that attracts the attention of the mainstream media and general public, top executives from...
World containership fleet update: New world orders With a wave of optimism surging over container shipping, new capacity is being ordered at breakneck speed. But the race...
Daily Briefing Free to read: Marine insurers dismayed by $1bn claim for Suez Canal block and seizure of vessel | Shipping green...
BHP pilots biofuel use on ocean-going bulker The emission profile of the biofuel used in the trial bunker blend fits BHP's goal of slashing lifecycle emissions tied...
Teamsters protest in SoCal gets burst of support from longshoremen The Teamsters call it a strike, but it is more of a protest. Still, it did garner support from another union on Wednesday.
Import gains at top US container gateways go ballistic U.S. ports just booked their largest import hikes in memory, according to The McCown Report.
Delta sees bright skies ahead after $1.2B Q1 loss One more quarter taking its pandemic lumps and then Delta says it will steer out of the COVID vortex and start making more money than...
Port of Montreal: Why it matters and what a full strike could mean As longshoremen begin partial strike, here are seven key questions about the Port of Montreal, the labor dispute and what might happen.
Wartsila supplies record number of scrubbers in 2020 amid mixed prospects Technology company Wartsila delivered 171 exhaust gas cleaning systems, or scrubbers, in 2020, highlighting what the company has dubbed ongoing interest in the technology for the marine sector.
Major industry groups urge UK, EU to agree emissions trading link before COP26 A coalition of more than 40 major industry associations from Europe and the UK has urged leaders from both regions to link up their respective emissions trading systems before the COP26 climate summit in November.
OIL FUTURES: Crude price rally extends as US dollar approaches one-month low Crude futures settled higher for a fourth straight session April 15, buoyed by bullish forward demand outlooks and a weaker US dollar.
France's Total partners with Siemens Energy on LNG emissions reductions French energy major Total said April 13 it is working with Germany's Siemens Energy to study ways to reduce carbon emissions in LNG production, amid similar efforts by North American exporters and liquefaction terminal developers.
Trafigura to co-sponsor ammonia-fueled engine development with MAN for maritime sector **Trafigura to support maritime industry's energy transition goals **Ammonia 'very interesting candidate' as a zero carbon fuel: MAN **R&D fund required to develop clean fuels, de-risk future investments
OIL FUTURES Crude eases from bull rally as prices reach a ceiling Market drivers in the oil markets this week have been bullish, particularly on outward-looking sentiment. But rising COVID-19 infection rates in Europe and India have moderated further gains.
INTERVIEW: Global SAF output will double when LanzaJet's plant starts up in end-2022 **Can produce higher yield of SAF under new technology: CEO **Considered less carbon, capital intensive than other processes **Price between SAF-Jet A-1 will narrow as more airlines adopt SAF
Global energy leaders to work with India to meet hydrogen needs **US, UAE, Australia, Denmark pledge cooperation **ADNOC aims to supply both oil, hydrogen to India **US, Australia aim for green hydrogen under $2/kg
Eni to upgrade Venice biorefinery units to eliminate palm oil feedstock use **Venice plant currently processing from 25% of waste oils **Expects to stop processing palm oil in 2023 **Plans to double its biorefining capacity by 2024
Fuel oil premium hits record high in Fujairah ahead of big A/C power demand season **APICORP forecasts rebound in MENA power demand **HSFO spread flipped into positive territory March 22
HONG KONG DATA: Feb fuel oil imports fall 23% on year on poor demand Most of Hong Kong's imported fuel oil ends up in its bunker fuel market as Hong Kong relies on coal and LNG for electricity, industry sources said.
Japan's bunker fuel supply faces disruptions from refinery issues: sources "Production is affected, thus low sulfur fuel oil volumes will be tightened," a company source confirmed.
MPA, industry partners complete first biofuel trial with ocean-going ship in Singapore **Biofuel used cuts CO2 emissions by 80%-90% well-to-exhaust compared with HFO/VLSFO **Trial to aid strategy for biofuels use to support BHP's key shipping routes
Port of Los Angeles notches busiest first quarter on record **Loaded imports up 122.5% on year **Ships at waiting at anchor down to 20 from peak of 40 in Feb **Low export rates continue to incentivize empty repositioning
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