LPD 22 contract could be worth $105 million to BAE San Diego BAE Systems San Diego Ship Repair, San Diego, Calif., has been awarded a $90,267,436 firm-fixed-price contract for the execution of the USS San Diego (LPD 22) fiscal 2021 docking selected restricted availability.
Metal Shark Alabama delivers third inland towboat to FMT Mandeville, La., headquartered Florida Marine Transporters Inc. (FMT) has taken delivery of its third 120- by 35-foot river towboat built by Metal Shark's Bayou La Batre, Ala., shipyard. The four-decked, welded-steel, USCG
Spain arrests subterfuge tanker for illegal oil dumping Spain has detained a tanker after it was spotted illegally discharging hydrocarbons into the sea, causing a 55 sq km...
Trøim positive for dry bulk outlook after company launch Shipping tycoon Tor Olav Trøim tells Lloyd's List the decision to launch a new dry bulk company was based on low...
Ever Given and general average: How one of those quirky things about marine insurance works 'If the UK P&I Club ends up paying over the odds for release of ship and cargo, is that in...
Navios Partners inks three-year charters for five boxships US-listed partnership begins to reap the benefits of recent merger with Navios' boxship affiliate, locking away a quintet of panamaxes...
Transpacific holds key to boxship deployment and cascading trends The container line industry has collectively ordered a staggering volume of newbuilding tonnage since the fourth quarter of 2020. The...
HMM confirms cyber attack No data was lost or damage done to internal systems. Other online platforms are still functioning
GasLog Partners agrees charters with Total and Shell One-year and eight-month deals with Total and Shell come against a strengthening spot market, says owner of 15 LNG carriers
Hapag-Lloyd postpones drydockings to boost slot capacity in unprecedented market The containership orderbook has increased to around 18% of existing fleet capacity, but more tonnage may be needed before the...
X-Press Pearl operator says master bailed following court hearing The Russian master of the fire-stricken boxship X-Press Pearl was released on bail after appearing in court without charge, according...
Capesize outlook is 'constructive', says 2020 Bulkers chief Company's head says the dry bulk market will see hardly any new vessel deliveries until 2024. With new regulations coming...
Oceania links up with Kanfer to boost Australia's marine LNG demand The partners initially want to build Australia into an LNG bunkering. In the long term, they want to ride on...
Retailers seek talks with Biden over US port congestion The request comes as attention from the US Federal Maritime Commission and Congress intensifies into the prolonged congestion at US ports
Daily Briefing Free to read: IMO adopts CO2 intensity reductions to 2026 amid strong opposition | Costamare diversifies into dry bulk with...
DSME venture wins $2.3bn offshore facility contract It is the highest-value offshore shipbuilding contract awarded to the South Korean group since 2014 when a collapse in oil...
Eastern Pacific Shipping joins university study of ammonia as a marine fuel The study will cover green ammonia production and supply, ammonia bunkering process, and potential issues arising from adopting ammonia as...
PayCargo raises $125M from NY venture capital firm There's fintech and FreightTech. PayCargo plays in both spheres and is well supported by investors.
Congress drafting law barring ocean carriers from refusing US exports The Federal Maritime Commission is open to considering a mandate on container carriers to book U.S. exports.
1 month, 1 million-plus containers at Port of LA May was the busiest month in the 114-year history of America's busiest port.
20 tons of coke = 40+ years in prison for MSC container-ship crew Former chief mate of MSC Gayane gets seven years behind bars for lead role in massive 2019 smuggling operation.
South Carolina wins with wine and peanuts South Carolina Ports is touting two new export facilities projects that will have access to the Port of Charleston: a production facility and distribution center...
Plastics Express bringing jobs, port business to Houston area Los Angeles-based Plastic Express will occupy 100% of Phase I at the Cedar Port Logistics Center, scheduled to be completed by December.
HMM targeted in cyberattack South Korean shipping line HMM says it was victim of a cyberattack that caused outages to its e-mail systems.
Japan's NYK to build 12 LNG-Fueled pure car, truck carriers by fiscal 2028-29 Japan's NYK said June 15 it will build 12 LNG-fueled pure car, truck carriers, or PCTCs, by fiscal year 2028-29 (April-March) under memorandum of understandings with Shin Kurushima Dockyard and Nihon Shipyard as it sees LNG as "bridge" shipping fuel in its efforts toward zero carbon emission ships.
OIL FUTURES: Crude futures test fresh highs on bullish US demand outlook Crude futures pushed to fresh highs June 15 as bullish US demand outlooks pointed to a tightening fundamental picture.
Rotterdam could import green hydrogen from Iceland by 2030 Green hydrogen shipments from Iceland to Rotterdam in the Netherlands could start before 2030, the Port of Rotterdam and the National Power Company of Iceland, Landsvirkun, said June 15.
European green hydrogen supply sufficient to meet demand in 2040: report European green hydrogen supply could be enough to meet the continents demand for the renewable gas by 2040, a new study from the European Hydrogen Backbone initiative said June 15.
TENDER DATA: South Korea's GS Caltex sells 10 ppm sulfur gasoil for July Seller: GS Caltex Country: South Korea Buyer: Not confirmed Specs & quantity: 10 ppm sulfur gasoil, two cargoes of 300,000 barrels
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week Rotterdam 0.5%S Marine Fuel FOB barges was last assessed at $502.25/mt on June 14, up from $494.75/mt in the previous week.
TENDER DATA: South Korea's GS Caltex sells 500 ppm sulfur gasoil for July Seller: GS Caltex Country: South Korea Buyer: Not confirmed Specs & quantity: 500 ppm sulfur gasoil, four cargoes of 300,000 barrels
TENDER DATA: Taiwan's CPC sells 300,000 barrels of 10 ppm gasoil for July 8-22 Seller: CPC Corp., Taiwan Buyer: Not confirmed Specs & quantity: 10 ppm sulfur gasoil, 300,000 barrels (plus/minus 5% operational tolerance)
Singapore 10 ppm gasoil crack slumps to 5-week low on demand concerns The Singapore physical 10 ppm sulfur gasoil crack to front-month cash Dubai tumbled to a five-week low as lockdowns and movement restrictions continued to weigh on demand recovery in the Asian gasoil market.
VIETNAM DATA: May gasoil imports rise to 10-month high amid strong demand Gasoil imports into Vietnam rose 13.66% on the month in May to 489,152 mt, 10 month-high, data from Vietnam Customs showed on June 14.
OIL FUTURES: Crude rally extends as market eyes bullish US demand outlooks The recent rally in crude oil futures was extended on June 15 as the market eyed tightened fundamentals, with global demand recovery expected to offset rising production outlooks.
Sales of bunker fuels in Panama show strongest performance since January 2020 **The increase was supported by marine gasoil and high sulfur bunkers **Sales of marine fuel 0.5%S fell 2.9% month on month
Top oil forecasters warn oil prices could hit $100/b this year **Long-cycle investment is dead, says Goldman's Currie **Goldman, Trafigura, RBC highlight $100/b risk
Med/North arbitrage closes as local Med gasoline demand improves **Med/North differentials narrowest in 2 months **Buoyant local Mediterranean gasoline demand
Vitol CEO warns of oil supply 'gap' in 2025-2035 period as upstream spending ebbs **Global oil demand seen peaking around 2030 **Trafigura CEO sees future price pressure from supply gap
INTERVIEW: Demand increasing for voluntary carbon credits: ACT Commodities **Airlines taking a forward view on carbon offsets **Demand also coming from oil and gas, big tech
Peninsula renews credit facility amid increasing financial scrutiny of bunker sector **Recent credit events in bunker sector **Decarbonization may present further credit challenges
OIL FUTURES: Crude futures up as market remains focused on recovery Traders have been looking beyond shorter-term data in anticipation of a broader recovery in demand, with Brent briefly moving above $73.50/b late June 14, marking a two-year high.
Vitol's CEO sees oil prices hovering in $70-$80/b range this year as OPEC+ manages market **Sees Iranian barrels returning to the market from September **OPEC+ discipline set to hold as Iranian exports ramp up: Hardy
Brazil's wash water discharge allowance fails to spur interest in scrubbers **Other countries unlikely to ease wash water restrictions **Decarbonization issues contribute to scrubber uncertainty
Hong Kong drops ship quarantine requirement on bunker-only calls after 11 months The move will boost demand for bunker fuel at Hong Kong ports, industry sources said.
Denmark's Orsted to capture CO2 from Avedore for green fuels project **Phase one targets hydrogen for trucks **Phase two targets shipping, aviation
S Korea delivered marine fuel 0.5%S bunker differential hits near 1-year low on weak demand **China attracts demand from other Asian countries **China's import tax on LCO to have limited impact on bunker supply
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