Italian Coast Guard inks contract for new offshore vessel The Italian Coast Guard today signed a contract for the design and construction of a new 85 meter multi-role offshore vessel. Worth EUR 80 million (about $91 million) the agreement covers the
Danfoss Editron picked to power Portuguese e-ferry The municipality of Aveiro, Portugal, is to put its first fully-electric ferry into service next year. It could be Portugal's first e-ferry and will replace a diesel powered boat on the one-mile
Himalaya bulkers feature ABB PM shaft generators Technology in a series of up to 12 new 210,000 dwt LNG-fueled bulkers will include a scope of ABB solutions with permanent magnet (PM) shaft generators at its core. The ships are
VIDEO: HII christens submarine New Jersey The Navy's 23rd Virginia-class submarine, pre-commissioning unit New Jersey (SSN 796) was christened Saturday. The ceremony took place at Huntington Ingalls Industries' Newport News Shipbuilding division. "The christening is a Navy and
Clarksons looks at shipping's uptake of green technology Summarizing the latest trends in green technology uptake and fleet renewal from the Clarksons' Fueling Transition report and monthly data series, Steve Gordon, Clarksons Research managing director, comments that the uptake of
Marine Log's FERRIES 2021 attracts largest attendance in 15 years Marine Log's FERRIES 2022 event will need a larger space than this year's. Available exhibit space sold out, the conference room was full throughout the entire event, and registration numbers were the
Crowley appoints chief people officer Crowley has appointed Megan Davidson as chief people officer to lead the people, labor and culture strategy across its enterprise. In this role as part of the company's senior leadership team, Davidson
Scrubber-fitted newbuilding orders surpass alternative fuel orderbook numbers There have been 220 ships ordered this year that will have scrubbers fitted upon delivery. This compares with 200 ships...
Decarbonisation: The new language of shipping Carbon dioxide emissions per tonne mile is now the metric against which shipping's progress is being gauged. A failure to...
Drop in Canadian wheat adds to softer bulker demand The dry bulk market is hovering around five-month lows on weaker iron ore shipments, mainly from Brazil and India, and...
Reduced high-sulphur fuel oil demand pushes scrubber spreads to 2021 highs Prices for high-sulphur fuel oil dropped at a greater pace than lower-sulphur fuels but futures contracts show spread will narrow...
Gram chief says car carrier market is firm Norwegian company could not complete its initial public offering as planned because of the limited participation of institutional investors. It...
The week in charts: Bulker FFA trading through the roof | Global box volumes drop | Investors eye burgeoning offshore wind sector Forward freight agreements set to eclipse equivalent of 6.5bn tonnes this year after physical market rates hit 13-year high, while...
COP26: Sidelined tech firms struggle to be heard Makers of fuel-efficiency technologies for shipping say they are being sidelined by the decarbonisation debate. They say the International Maritime...
Freight rate normalisation will take 18-30 months Freight rates may have peaked for now and be coming down from their all-time highs. But any resetting to prior...
Top 10 shipmanagers 2021 Sustainability, seafarers and software sum up the year for shipmanagers. While the crew change crisis has been ongoing, the drive...
Transition to zero-emission ships could take decades When considering fleet renewal, an important constraint for tramp trading vessels, such as dry bulkers and tankers, is the need...
Daily Briefing FFA trading doubles to twice the size of dry bulk commodities market | COP26: An omen of what's to come...
Airbus A350 leads spate of new orders for factory, converted freighters The air cargo market is sizzling. Carriers need more planes and investments are pouring in for new and converted freighters.
Last-minute reprieve: LA/LB delays pulling trigger on congestion fee Los Angeles and Long Beach hold off on charging highly controversial fee on import containers.
FMC to study how data can speed container delivery Federal regulators will soon begin analyzing how transportation data sharing can move more containers.
Biden sets priorities, creates task force for infrastructure rollout President Biden signed an executive order Monday outlining his administration's priorities for guiding implementation of his $1.2 trillion infrastructure package.
REFINERY NEWS: Romania's Petromidia reaches optimal capacity Romania's Petromidia refinery, which halted operations July 2 following a fire at a diesel hydrotreating unit, has now "reached the optimal operational parameters" processing an average of 13,500 mt/day, the company said Nov. 15.
Global airline capacity climbs 0.9% on week to 76.4 million seats: OAG Global weekly scheduled airline capacity increased by 0.9% on the week starting Nov. 15 to 76.4 million seats, 28.4% below the equivalent period in 2019, aviation data company OAG said.
Switzerland's Axpo plans new green hydrogen plant in Brugg for local transport Swiss energy group Axpo plans to build a new 15-MW renewable hydrogen production facility in Brugg, Switzerland, the company said in a statement Nov. 15.
Kazakhstan extends ban on product exports by road, asks refiners to plan works ahead Kazakhstan has extended its ban on the export of oil products via truck for another six months, according to a government decision published on the country's Adilet website for legal documents.
Reverse trans-Atlantic diesel flows set at around 428,000 mt so far in Nov Around 428,040 mt of European ultra low sulfur diesel have loaded on the reverse trans-Atlantic route in November so far, en route to destinations in the US Atlantic Coast and Latin America, according to intelligence provider Kpler and shipping fixtures data.
Singapore spot ex-wharf marine fuel 0.5%S premium rises to near nine-month high The Singapore ex-wharf marine fuel 0.5%S bunker premium against the benchmark Singapore Marine Fuel 0.5%S cargo assessments rose to a near nine-month high of $5.46/mt Nov. 12 as demand for spot ex-wharf requirement firms amid terminal congestions, S&P Global Platts data showed.
Asia light ends: Key market indicators for Nov 15-19 Asia's light ends were mixed during mid-morning trade Nov. 15, with gasoline weighed down by healthy exports from China and India, while naphtha was dampened by lower crude though ample arbitrage supply and robust demand for feedstock supported market sentiment.
SINGAPORE DATA: Oct bunker sales hit six-month high to 4.255 million mt Bunker fuel sales in Singapore rose 8.1% month on month and 2.5% on the year to 4.255 million mt in October, following sluggish demand in September, Maritime and Port Authority of Singapore, or MPA, data showed Nov. 13. Bunker fuel sales were last higher in April, at 4.257 million mt.
OIL FUTURES: Crude lacks direction as market eyes strong US economic data, pandemic risks An afternoon price rally pushed crude oil futures to settle around even Nov. 15 as the market weighed better-than-expected US economic data against a backdrop of rising supply and pandemic-blunted demand.
AMERICAS BUNKERS: Key market indicators Nov. 15-19 North American spot marine fuel bunkers assessments enter the week of Nov. 15-19 on an overall bearish kick, with most ports seeing spot values decline in recent sessions on pressure from a weaker US crude complex.
Group argues for bigger role for low-carbon biodiesel in Biden's climate agenda The Biden administration is missing an enormous opportunity to promote high volumes of low-carbon biofuel as a key component of its climate agenda as delays in setting new biofuel blending requirements persist, the National Biodiesel Board said Nov. 15.
Bullish outlook for North Sea crudes as market in significant deficit Bullish fundamentals in the North Sea crude market are likely to linger for some weeks, supported by strong European demand as supply starts to tighten swiftly, trading sources and analysts observed Nov. 15.
Oil market to remain tight in 2022 as global demand ramps up: Vitol CEO Global oil market fundamentals will likely remain tight over the coming year as oil demand continues to build after having mostly fully recovered to 2019 pre-pandemic levels, Russell Hardy, CEO of commodity trading group Vitol said Nov. 15.
COP26 cranks up pressure on oil, gas despite dodging closer scrutiny The global oil and gas industry emerged largely unruffled by specific pledges at the COP26 climate summit, but big oil and gas producers and demand for their fuels were firmly in the sights of pacts seeking a faster transition to cleaner energy at the pivotal Glasgow event.
Asia residual fuels: Key market indicators for Nov 15-19 Power companies in North Asia are expected to boost low sulfur fuel oil purchase in the near future to prepare for winter demand, which is also supporting the low sulfur fuel oil market.
ICE LSGO futures net speculative length up 4,729 contracts on week Speculative net long positions in ICE low sulfur gasoil futures were up 4729 contracts to 143,726 in the week to November 9, according to ICE data.
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