Schottel systems selected for versatile German Waterways Administration vessels Three new LNG-fueled multi-purpose vessels ordered from the Abeking & Rasmussen shipyard (A&R) in Lemwerder for Germany's Waterways and Shipping Administration (WSV) will be equipped with Schottel propulsion systems. The tasks of
Ardmore Shipping, Maritime Partners in JV with hydrogen fuel cell developer A new joint venture aims to bring fuel cells using advanced methanol-to-hydrogen technology to the marine sector - including the inland waterways market. It has been formed by chemical and product tanker
With two more CSOVs ordered, Edda Wind plans IPO Norwegian offshore wind services vessel specialist Edda Wind is set for growth. The company has placed an order at Spanish shipbuilder Astilleros Gondan for two additional Commissioning Service Operation Vessels (CSOVs) and
Tidewater makes two leadership promotions Offshore services major Tidewater Inc. (NYSE: TDW) has named Sam Rubio as Chief Financial Officer and David Darling as Chief Operating Officer. "The leadership and ingenuity these two individuals have demonstrated by
Barge slams into Gig Harbor docks and homes Coast Guard members from Sector Puget Sound responded Monday when a barge smashed into private docks and homes near Gig Harbor, Wash. Watchstanders at Sector Puget Sound received notification from Pierce County
Crowley teams with Esvagt in U.S. offshore wind JV Jacksonville, Fla., based Crowley Maritime and Esbjerg, Denmark, headquartered Esvagt are partnering in a joint venture to bolster the supply of purpose-built Jones Act vessels to support the emerging U.S. offshore wind
VIDEO: Spanish police seize first European-made narco sub What's thought to be first semi-submersible narco sub to be built in Europe has been seized in a warehouse in the city of Málaga, Spain. The seizure was made as part of
Greek-owned fleet hits record 350m dwt The world's largest fleet has grown by 70 vessels and 9.6m dwt in the past 12 months to stand at...
Growing focus on offshore wind spurs tie-ups and IPOs US-based Crowley Maritime joins forces with Denmark's Esvagt for new service vessels, while Edda Wind, a venture of Wilhelmsen and Østensjø...
Call for military action to break stricken tanker deadlock A maritime lawyer has called for a military resolution to break the deadlock over the floating storage tanker Safer amid...
Shipbreaking compensation case faces big hurdles despite appeal win Key issue is limitation period in claimant's domestic jurisdiction, lawyers argue
Wärtsilä says scrubbers could store CO2 emissions Wärtsilä says scrubbers could one day be used to capture CO2 emissions from ship exhausts because of technological advances
Speculative boxship ordering returns as financial buyers eye sizzling container trades Hyundai Heavy Industries has landed the deal, thought to be worth around $500m, as investors see long-term potential for container...
Castor continues fleet expansion with kamsarmax deal Kamsarmaxes have accounted for five of the company's recent purchases after the owner concentrated solidly on standard panamaxes last year
UK exempts seafarers from travel quarantine rules The UK's Department for Transport has announced that all seafarers, irrespective of nationality, will be exempt from the country's 'red...
Hot dry bulk market spurs interest in secondhand ships Asset values across the bulker spectrum from handysizes up to kamsarmaxes have increased by 40% in a short space of...
Little relief in sight at US box terminals Labour shortages and inland haulage problems continue to afflict ports on the west and east coasts of the US. Many...
Cyber security means more than compliance If depth of knowledge is helping ClassNK support owners in their transition through IMO's new cyber security regime, the society...
Daily Briefing Free to read: Emissions levy proposal is a major turning point for shipping | Scrubbers and eco specs helping VLCCs...
Panama seeks IMO's help for seafarers caught in China-Australia row Panama said crew should not be involved in a commercial dispute, nor should their disembarkation be prevented, especially if their employment...
Biden eyes infrastructure but maritime ranks low The American Society of Civil Engineers said a port's success is reliant on the 'infrastructure outside of its gates, which...
Ardmore Shipping launches hydrogen joint venture 'The E1 system is carbon-neutral when run on renewable methanol and can be built or retrofitted to run on ammonia,'...
Korea Shipbuilding wins newbuild contracts worth $700m Newbuilding deals are led by a quartet of very large crude carriers worth about $360m in total. Delivery is scheduled...
Deutsche Bank on import bonanza: 'You ain't seen nothing yet' Deutsche Bank's Amit Mehrotra on how long import surge could last and upside potential for container, dry bulk and tanker stocks.
Port congestion? Maybe Houston is the alternative Port Houston is positioning itself as a viable option for handling more containerized imports from Asia.
San Pedro Bay congestion recedes to Christmas Eve level "Today we are in the seventh month of a historic import surge driven by unprecedented demand by American consumers," says Gene Seroka.
Crude slide extends as market consolidates ahead of US inventory report US dollar rally puts additional pressure on crude prices.
JAPAN DATA: Jan bonded bunker fuel oil sales rise 12% on year to 2.95 mil barrels Market sources attributed the higher sales to new bunker projects, such as Kiire, attracting a new group of customers.
Saudi Arabia targets 1 million b/d domestic oil demand reduction **Developing new methods for manufacture of hydrocarbon-based materials **Plan to have 50% of power generation from renewables by 2030
DIRTY TANKER QUARTERLY: Improving COVID-19 prospects boost ton mile demand for Aframaxes, Handysizes **Rising bunker costs push earnings into negative territory
Maldives move against LNG investment to affect bunkering plans "The committee report mentioned that LNG would be a huge investment but not environmentally friendly due to emissions. Therefore, it will be better to invest in renewable sources like solar," a bunker trader said.
FOB ARA 0.1%S gasoil barges hit six-month lows on weak demand, high supply Demand for heating oil barge imports remained low as supply from inland refineries in Germany was high, and refinery runs had started to increase after outright prices rose, sources said.
Warstila eyes CCS potential for scrubbers ahead of IMO 2030 CO2 target **Signs scrubbers already abate some non-sulfur emissions
New VLCCs move Asian gasoil to Europe, Africa as road transport recovers "Supply from China, India and the Middle East has been pressuring down the market," a Northeast Asian refiner source said.
Denmark joins other countries in efforts to decarbonize shipping industry IMRB crucial step to decarbonization.
World oil demand may have peaked in 2019 amid energy transition: IRENA Under the 1.5 C scenario, global oil production is projected to plummet by 85% to slightly above 11 million b/d by 2050 from current levels, IRENA said.
Tellurian upstream revenues boost cash as LNG terminal commercial talks continue Further upstream cash flow and cash on hand will help it pay off $21 million in other debt, it said.
INDIA DATA: Feb fuel oil demand dips 2% on month amid competing demand for bitumen "We don't produce fuel oil unless we see that the cracks are good," a company source at Nayara Energy said recently.
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