VIDEO: F&G offers further wind turbine installation solution Houston-headquartered Friede & Goldman Ltd. (F&G), continues to draw on its 72 years of offshore industry experience to develop Jones Act solutions for offshore wind turbine installation. Following up on its earlier
Shipbroker's email slip up costs $50,000 Professional indemnity mutual insurer ITIC (International Transport Intermediaries Club) is warning that wrongly addressing emails can prove expensive. As an example, it cites a recent case where the club had to reimburse
NYK inks MoU for 12 LNG-fueled PCTCs Japan's NYK Group has agreed a memorandum of understanding (MoU) for the series building of 12 LNG-fueled PCTCs (pure car truck carriers) at Shin Kurushima Dockyard Co., Ltd. and Nihon Shipyard Co.
Bollinger awarded contract on concept study of light amphibious warship Lockport, La., headquartered Bollinger Shipyards reports that it has been awarded a contract by the U.S. Naval Sea Systems Command to conduct a concept study and the preliminary design of the U.S.
8 Odyssey of the Seas crewmembers test COVID-19 positive Royal Caribbean's plans for a return to U.S. cruising are not going as smoothly as hoped. Eight crew members aboard the Odyssey of the Seas have tested positive for COVID-19. Plans for
Carbon levy talks pushed back amid division at IMO Governments were strongly divided on whether to start working on market-based measures and to begin considering a $100 CO2 levy...
Shell judgment 'sets dangerous precedent' for shipping Same court could hear case against big name EU-based owners such as Maersk or CMA CGM, and even Asian owners...
Weekly briefing: Container congestion spreads | Dry bulk attracts attention | Tankers look to the skies in dread Emotions are running high in the box sector as the crisis pushes spot freight rates to ever higher levels, squeezing...
Denmark leads Paris MoU performance white list Cameroon, Togo and Comoros feature at the bottom of the black list, ranked as medium-to-high risk, while Albania is categorised...
Greeks lament lack of technical breakthrough on shipping decarbonisation Greek Shipping Co-Operation chairman Haralambos Fafalios says decarbonisation is a paramount objective that needs to be considered hand-in-hand with safety
Hong Kong can take lead in promoting green shipping financing Its advantages in the fields of finance and shipping mean that Hong Kong is well-positioned to become the green shipping...
Bulker owners set for strong market The chief executives of Golden Ocean and Belships say the upcoming EEXI rules will help the market, with older ships...
Rates drive new rivals to transpacific trade With surging freight rates, even small ships can be profitable. But new market entrants may be a short-term phenomenon
Skuld books $30m technical loss 'Result reflects a mix of complex factors, but all in all, the outcome is satisfactory,' says chairman Klaus Kj'rulff
NYK orders 12 LNG-fuelled car carriers The use of LNG fuel, in addition to hull modification to improve fuel economy will contribute to an approximate 40%...
Daily Briefing Free to read: Trøim positive for dry bulk outlook after company launch | Spain arrests subterfuge tanker for illegal oil dumping...
Can Beijing tame the iron ore trade? China is willing to engineer large shifts in global trade flows to achieve its political aims. Apparatchiks are prepared to...
US exporters 'in fear of retaliation' for complaints over shipping delays US Federal Maritime Commission chairman Dan Maffei backs FMC commissioner Rebecca Dye's allegations, saying that her investigation has been slowed by...
North America supply chain reshoring will not happen, report says The report says that North America will be less appealing than Asia in the eyes of business, at least through mid-decade.
New cranes, cross-docks to help handle growing volumes in Pacific Northwest "We know larger ships carrying increased volumes are coming. We want to be out in front of that curve."
Banana boats to call on Tampa Port Tampa Bay will become one of three Gulf Coast ports accepting containerized cargo from fruit importer Dole.
Retail sales remain strong in May; future freight flows look promising The headline number for May retail sales was a sequential decline. What may have been lost in the report is that consumers are continuing to...
Shell to drill 30 wells per year in Argentina's Vaca Muerta to boost oil output Shell said it plans to drill an average of 30 wells per year in Vaca Muerta, the biggest shale play in Argentina, over the next few years to increase oil output after putting into operation a second crude processing plant.
US DATA: EIA says Gulf Coast ULSD production strengthens to 10-month high Ultra low sulfur diesel production on the US Gulf Coast continued to jump during the week ended June 11, increasing 106,000 b/d to 2.77 million b/d, US Energy Information Administration data showed June 16.
US weekly crude exports climb to six-week-high amid surge in flows to Asia US weekly crude exports jumped to a six-week-high for the week ended on June 11, amid a surge in exports to Asia, however, looking forward, tighter arbitrage economics could cut into export opportunities in July.
Energy transition may help create leaner oil and gas sector, say analysts Energy transition could be the bitter tasting pill the oil and gas sector needs, analysts said this week, as companies strive to become low-cost, low-carbon producers leading to more consolidation.
OIL FUTURES: NYMEX RBOB slides further on US gasoline build, weaker RINs NYMEX RBOB futures settled lower for a fourth straight session amid pressure from rising US gasoline stocks and weaker Renewable Identification Number prices.
Taiwan's Formosa inks H2 gasoil term contracts at lower levels than 2020 Taiwans Formosa Petrochemical has sealed its 10 ppm sulfur gasoil term contracts for the second half of 2021 at discounts of 20-30 cents/b to Mean of Platts Singapore gasoil assessments, industry sources close to the matter said.
Singapore 10 ppm sulfur gasoil cash differential flips to premium on tight supply The cash differential of FOB Singapore 10 ppm sulfur gasoil flipped to positive territory at the Asian close June 15, with steady demand and leaner supplies driving a rapid rise in value.
TENDER DATA: Pakistan State Oil seeks 65,000 mt HSFO for July 30-Aug. 10 delivery Buyer: Pakistan State Oil Specs & quantity: 125 CST high sulfur fuel oil, with maximum 3.5% sulfur; 65,000 mt Port: Port Qasim
Commodity traders eye growing oil, gas asset opportunities but rising ESG scrutiny **Oil majors are accelerating asset sales in pivot to clean energy **Gunvor flags rising pressure from lenders over ESG metrics
Asia-Europe container rates hit all-time highs on Yantian delays **Delays at Yanitan port cause container rates to spike **Asia-to-Europe rates 12 times higher than a year ago
China's commodities demand growth to slow: energy transition to uphold prices: FT Summit **China's 'ambitious' green targets conflict with aluminum usage **Underinvestment seen in mining, oil, gas
Anglo American sees LNG offer significant potential as maritime transition fuel **IMO's GHG emissions cut targets in focus **Maturity of other alternative fuels to take time
Sunnier skies for Hong Kong's bunker market after restrictions eased **COVID-related restrictions in some China ports to aid demand switch **Supply constraints likely to cloud market until June
JAPAN DATA: June 12 oil products stocks fall 1.3% on week to 66.74 mil barrels Middle distillates stocks inched down 0.5% on the week to 31.59 million barrels.
Singapore's Eastern Pacific Shipping joins ammonia bunker study for emissions reduction EPS will be lending its expertise in the loading, transporting and discharging of gas, including ammonia, as a cargo, it said.
OIL FUTURES: Crude rises on large API crude draw, bullish demand outlook "Even non-energy traders are placing bets that oil prices will continue to rise," Edward Moya, senior market analyst at OANDA, said.
FUJAIRAH DATA: Oil product stocks rise as light distillates soar 43% Stocks of light distillates, including gasoline and naphtha, surged 42.9% to 7.115 million barrels, reversing the previous week's trend.
Asian VLGC freight rates hit 11-week low amid weak LPG demand "Due to Saudi production issues, there is less FOB AG [cargo], I guess that's why [premiums have shot up]," a trading source said.
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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