Faulty insulation cause of fire aboard 52-year-old fishing vessel The National Transportation Safety Board (NTSB) has released a report on its investigation of the December 10, 2020, fire aboard the 1968-built fishing vessel Lucky Angel off the coast of Mississippi. The
Sweden converts pilot boat to methanol operation The EU-funded Fastwater Consortium and the Swedish Maritime Administration (SMA) yesterday successfully demonstrated a pilot boat that has been converted to operate on methanol fuel. The demonstration in Stockholm Harbor followed the
Thoma-Sea launches Lake Erie ferry Designed by New Orleans headquartered TAI Engineers LLC, the 168- by 45-foot passenger, truck and car ferry Carmen Lee was recently launched by Thoma-Sea Marine Constructors' Houma, La., shipyard. The ferry is
Roboship offers a path forward for Japanese coastal shipping Tokyo-based e5 Lab Inc. and Mitsubishi Shipbuilding Co. Ltd. are to provide a "Roboship" design for a 499-tonne biomass fuel carrier being built by Honda Heavy Industries Co. Ltd. They say the
Honoring Marine Log's Top Women in Maritime 2021 As the maritime industry continues to increase diversity and bring more women into its ranks, we wrap up 2021 for the second year in a row by bringing to you our list
Ammonia-fueled Newcastlemax gains AiP An innovative ammonia-fueled Newcastlemax bulker design from Hong Kong headquartered Anglo-Eastern Technical Services (AETS) has been granted Approval in Principle (AiP) by classification society ABS. The dual-fuel vessel design sacrifices no cargo
Nor-Shipping sets new date The organizers of Norway's major international maritime event have lost no time in setting a new date following their decision to push back the scheduled January presentation. Nor-Shipping 2022 will now take
OP-ED: The "now" and "then" of shipping's decarbonization journey By Managing Director Brian Coyne, KPI OceanConnect A succession of industry initiatives, such as the COP26 "Shaping the Future of Shipping" Conference, demonstrate the shipping industry's decarbonization ambitions and commitment, however, it
Cargoship did not report Baltic collision The Scot Carrier continued its course for about 25 minutes after colliding with the Danish barge Karin Høj, but later...
Golar launches Cool Company with backing from Idan Ofer Ofer-controlled Eastern Pacific to become largest shareholder and will chair CoolCo's board
Scorpio Tankers flags tanker sales to add liquidity Cash needs to be raised to tide over Scorpio after depressed product tanker markets led to $188m in losses in...
Capesize market in downward trend The average weighted time-charter on the Baltic Exchange has shed 31% this week, having reached a six-week high a week...
GoodBulk rewards shareholders after recent positive performance
Attica in merger talks with Anek - sources Deal would involve restructuring of Anek debt
Western Bulk and Taylor Maritime profit from dry freight strength Positive sentiment comes as handysize average spot rate exceeds larger capesize, panamax and supramax sizes for first time this year
Gard chief sets out Poseidon Principles' limits 'It's about having a conversation with our shipowners about the trajectory they want to take... We will not use it...
Dry bulk outlook rests on restricted supply growth While demand growth momentum has likely peaked, it is still strong and any short-term headwinds from China could turn into...
Capacity shortages see freight rates rise again Import dwell times have improved at US west coast ports. But the long queue of ships waiting to discharge is...
Methanol: Future-proof fuel for the green revolution Although a large dual-fuel two-stroke engine running on methanol could cost more, and operating expenses are marginally higher, methanol is...
Guidance provided for safe storage ashore Casualties such as Tianjin and Beirut demonstrate hazardous cargoes are not just a risk at sea. New guidelines provide advice...
Daily Briefing Dry bulk unfazed by Evergrande downgrade to default | New variant will 'slow, but not upend' oil recovery, says IEA...
Poseidon Principles for marine insurance launched Scheme intended to offer quantitative framework to assess and disclose climate alignment of underwriting portfolios, building on existing arrangements for...
Shipmanager confirms pirate attack on Tonsberg Piracy reporting centre has warned of an increased risk of piracy in the Gulf of Guinea
Los Angeles import volume sinks as shipping traffic jam soars When America's import demand is this high, how can volumes into America's largest container port fall this much?
DSC chat: Monroe sees supply chain squeeze 'through most of 2022' SoCal port crunch "has really become as bad as it's ever been," reports industry veteran Jon Monroe.
Singapore Airlines to replace 747 freighter fleet with Airbus A350 Airbus appears to have placed a winning bet by introducing a new, big cargo jet - the A350.
'Amazing' transit times: From China, it's faster to reach New York than LA A new report by Shifl shows the impact the massive congestion off the coast of Los Angeles and Long Beach has had on transit times...
REFINERY NEWS: Malaysia's Petronas completes Melaka refinery unit maintenance The date for resumption of operations had slipped from September.
OIL FUTURES: Crude slide slows after larger-than-expected US inventory draw Total US commercial crude stocks drew 4.58 million barrels lower in the week to Dec. 10 to 428.29 million barrels, US Energy Information Administration data showed Dec. 15.
OIL FUTURES: Crude under pressure amid oversupply concerns US crude oil inventory draws likely extended in the week to Dec. 10, analysts surveyed by S&P Global Platts said Dec. 13, amid an expected uptick in refinery runs and stronger exports.
FUJAIRAH DATA: Oil product stocks fall, led by light distillates drop Heavy distillates and residues including fuel for power generation and marine bunkers dropped 2.4% to 8.81 million barrels, a six-week low.
INDIA DATA: Nov fuel oil consumption declines 7.2% on month, amid Diwali holidays The decline in consumption coincides with a period of lower fuel oil production in India over November, amid refinery turnarounds on the east coast and west coast, according to local refiners.
CHINA DATA: Nov crude throughput hits five-month high to 14.57 million b/d It was the first time since July when China's overall monthly crude throughput rose above 14 million b/d. Both state-run and private refineries processed more crude in November.
MALAYSIA DATA: Oct motor fuel production rebounds as mobility picks up The growth in production has come amid a gradual easing of coronavirus-related restrictions in the Southeast Asian country, which has prompted higher levels of travel, business and economic activity.
JAPAN DATA: Dec. 5-11 oil products output rises 4.5% on week to to 19.22 mil barrels Production of low sulfur fuel oil rose 9.9% on the week to 0.95 million barrels, with high sulfur fuel oil production rising 7.1% over the same period to 0.99 million barrels.
JAPAN DATA: Dec 5-11 oil product exports rebound 22% on week to 3.13 mil barrels Low sulfur fuel oil exports plunged 40% week on week to 323,243 barrels in the week to Dec. 11, while high sulfur fuel oil exports plummeted 62.7% over the same period to 305,329 barrels.
JAPAN DATA: Oct bonded bunker exports rise 6% on year to 2.97 million barrels Bonded bunker sales in October were the highest since March when they were 504,342 kiloliters, the METI data showed.
China's daily carbon trading volume hits record high 14.88 mil mtCO2e Dec 14 The national environment ministry had asked provincial authorities to ensure that 95% of eligible companies meet their emissions compliance obligations by Dec. 15 and all companies by Dec. 31.
Ammonia, hydrogen terminal opens in Houston port to tap into low carbon economy The Vopak Moda Houston terminal was developed through a partnership between terminal developers Moda Midstream and Royal Vopak.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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