Harvey Gulf puts second tri-fueled PSV into operation New Orleans headquartered Harvey Gulf International Marine reports that, following a battery pack retrofit, the M/V Harvey Power, a 310 foot platform supply vessel, has been immediately put in service utilizing three
Damen picks Leclanché solution for Ontario e-ferry charging The two Damen electric ferries now on the way to Canada on a heavy lift ship (see earlier story) will be the first vessels to make use of a new "ports and
Rusty Murdaugh named president of Austal USA Austal Limited (ASX:ASB) reports that the Austal USA Board of Directors has appointed Rusty Murdaugh as president of Austal USA, effective September 9, 2021. Murdaugh, who joined Austal USA in 2017 as
Fueltrax partners with blockchain specialist Topl To meet the growing demand for greater transparency in energy trading operations, Fueltrax, a leading electronic fuel management solution (EFMS) provider for offshore vessels, has partnered with Houston-based blockchain specialist Topl to
Australia to acquire nuclear submarine capability The U.S. and U.K. are to share nuclear submarine propulsion technology with Australia under a new enhanced trilateral security partnership called "AUKUS" - Australia, the United Kingdom, and the United States. A
Shipowners to hold green talks with governments at key climate summit Ministers from several countries, major energy and shipping executives as well as global climate leaders will convene a conference in...
Cyprus poised to launch second competition for Greek ferry link First attempt collapsed earlier this year after tender failed to attract any bids
Overheated demand gives yards 'whip hand over owners' 'Are they going to subcontract the entire project? And if they do, how protected are you?
EU calls for global fuel emissions standard by 2025 An increasingly more stringent greenhouse gas content limit on ship fuels would give fuel producers a clear signal on the...
Thessaloniki increases container throughput by 8% in first half Thessaloniki port satisfied with a first-half 2021 increase in revenues after gains in volumes of both containers and conventional cargo
Clubs warn of iron ore liquefaction risk from Sierra Leone International Group of P&I clubs warns of the risks of shipments from the port of Pepel given that stockpiles are...
Ports likely to struggle with future fuel needs Concerns over safety, handling and public perception of future fuels will be increasingly in the spotlight. Huge investments in ports...
Maersk lifts guidance to over $20bn Strong demand, high rates and disrupted supply chains have boosted earnings at the world's largest carrier. Third-quarter and full-year profits...
I don't want to rock IG: Hugo Wynn-Williams bows out 'Mutuality works, provided it continues to adapt and modernise. When your business is owned by the insureds, you learn a...
Little relief in sight for equipment shortages There is no shortage of physical container equipment in the market. But delays in returning boxes to origination destinations are...
London Shipping Week Podcast: Shipping's image problem In the latest edition of this special bonus run of podcasts for London International Shipping Week, we are looking at...
Daily Briefing Norway proposes combined approach to cut shipping's emissions | Box shipping's structural upswing to last until 2023 | Covid has...
CMA CGM linked to Samsung Heavy's $720m newbuild order Marseilles-based line took over the yard slots initially booked by Hong Kong-based tonnage provider Seaspan through a letter of intent...
How high can container shipping profits go? Will 2022 top 2021? Liner profits still rising: second half looks stronger than first and Deutsche Bank sees even higher earnings next year.
Port of Mobile 'expects growth will remain constant' The port recently added more Asia vessel calls as more shippers seek uncongested gateways servicing North American markets.
Western Global Airlines asks DOT for permission to expand fleet Western Global Airlines is a midsize cargo carrier that can't grow its fleet until the U.S. DOT lifts conditions placed on startups.
Record shattered: 65 container ships stuck waiting off California Supply chain crisis deepens as more imports snared in historic ship queue off Los Angeles/Long Beach.
Crude rally slows as stronger US dollar adds headwinds Overnight price rally slowed in early US trading as US dollar climbed.
Abu Dhabi inks agreements with BP to develop clean energy projects Abu Dhabi and long-time oil concession holder BP plan to develop billions of dollars in clean-energy projects in both the UAE and the UK, with three agreements announced Sept. 16 for investments in hydrogen, sustainable aviation and carbon capture, among other technologies.
ARA fuel oil stocks stable on week at 1.125 million mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region were down marginally by 0.5% week on week to 1.125 million mt in the week ended Sept. 16, according to data from Insights Global, after dropping 4.5% during the previous week.
Shell to build major biofuel plant at site of Pernis refinery in Rotterdam The company agreed the sale of four US refineries over the last year alone and in July it sold its minority stake in Germany's 220,000 b/d PCK Schwedt refinery.
European fuel oil hilo spread reaches 19-month high LSFO commonly sees increased demand as a power generation source in Mediterranean countries like Greece and Lebanon.
HyNet 200 mt/d hydrogen output by 2025 depends on UK government business plan The first production would feed the Essar refinery at Stanlow, and a small number of local consumers, HyNet said. Essar currently produces 100 mt/d of hydrogen from fossil fuel sources at the plant, Essar Chief Operating Officer Jon Barden said.
Shipping line MSC aims for zero emissions by 2050 without use of offsets MSC has agreed to charter 11 new 15,300 twenty-foot equivalent unit LNG dual-fueled newbuild container ships from Eastern Shipping, a source close to MSC said in May.
REFINERY NEWS: ExxonMobil's French subsidiary reports 2.7% rise in H1 throughput ExxonMobil's French downstream subsidiary Esso SAF said in a press release Sept. 16 that the combined throughput of its two refineries -- Port Jerome-Gravenchon and Fos-sur-Mer - increased in the first half of 2021 from the first half of 2020.
TENDER DATA: South Korea's GS Caltex offers 40,000 mt of 380 CST HSFO for Oct S Caltex last sold 40,000 mt of 380 CST HSFO with maximum 3.5% sulfur to Shell at a single-digit differential to MOPS 380 CST, FOB for loading over Sept. 25-29 from Yeosu, sources said.
ANALYSIS: Record ICE LSGO prices weigh on gasoil demand in Europe, WAF Multi-year high ICE LSGO future prices are piling pressure on demand for gasoil prices, with end-users looking to delay stock replenishing in the hopes of future softening.
TENDER DATA: Panama Canal Authority seeks 168,657 barrels of residual bunker fuel The Miraflores Power Plant is operated by the PCA and is located at Miraflores Locks, on the country's Pacific Coast. Miraflores engines operate on diesel or bunker fuel. The plant is one of three used to provide energy for the Panama Canal Operation.
Panama bunker sales up 0.4% on month to 388,640 mt in August Bunker sales in Panama in August rose 0.4% month on month to 388,640 mt, which was 5.1% higher year on year and supported by a double-digit increase in the high sulfur fuel segment, data from the Panama Maritime Authority showed.
Freeport LNG output remains offline as utility works to restore power after storm Currently, there are six major LNG export terminals in the US. That total will rise to seven next year and eight by the middle of the decade, based on what already under construction.
Air Liquide to take over, decarbonize TotalEnergies Normandy hydrogen plant The project is subject to regulatory approval from the French authorities.
Italy's Saras to study CO2 capture and storage at Sarroch refinery Saras owns the 300,000 b/d Sarroch refinery in Sardinia. In addition to conventional oil refining, Saras has been looking to expand its biofuel production capacity at Sarroch and has considered investments in hydrogen.
Bangladesh likely to raise HSFO imports in Sept; to skip spot LNG purchases The higher imports came with rising demand for electricity, he said. Most of imported HSFO is used at power plants in the country.
Platts no longer reflects Global M FSU in Singapore fuel oil, Marine Fuel 0.5% MOC Platts understands the Global M (IMO 9165932), now known as Global, is no longer being used as a floating storage unit for fuel oil and Marine Fuel 0.5% at Tanjung Pelepas in Malaysia's southern Johor state.
Asia refiners see China trimming light crude imports on ample Murban, Forties reserves NFSRA announced Sept. 14 it will release 7.38 million barrels of crude oil from state reserves in the first set of auctions planned for Sept. 24.
Asia MR tanker rates hit six-week low on oversupply; US bound freight at premium The rates for latest deals concluded on key South Korea-Australia and Singapore-Australia routes dropped 35 Worldscale points in less than three weeks.
FEATURE: Methanol bunkers in the limelight after Maersk's latest ship orders The Methanol Institute, in a recent report, urged the adoption of a well-to-wake approach in GHG accounting of fuels.
Zhoushan barging spread for marine fuel 0.5%S bunker narrows on tight supplies Suppliers' margins for delivery of bunker fuel is being eroded, sources said.
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