Rem Offshore picks Kongsberg Digital for new offshore wind fleet Fosnavåg, Norway-headquartered Rem Offshore is to roll out Kongsberg Digital's Vessel Insight solution on the three new offshore wind vessels it currently has under construction. The first vessel will be completed at
Port Weller Dry Docks picked for icebreaker life extension project Canada's Heddle Shipyards has been awarded the vessel life extension of the Canadian Coast Guard Icebreaker CCGS Amundsen. It says that the award ushers in a new era of growth and stability
Pilot LNG awards key Galveston LNG Bunker Port contract Texas-based Pilot LNG LLC is moving ahead with its proposed Galveston LNG Bunker Port (GLBP) project. It has now awarded the Front-End Engineering & Design (FEED) contract for the project's marine infrastructure
Why P&I rate increases are in the works Shipowners are steeling themselves for steep increases in the cost of P&I (protection & indemnity) insurance. The latest leading P&I mutual to send a signal of what is ahead is the North
Q&A: Sustainability and the tug, towboat and barge industry As most of us know by now, sustainability is at the forefront of hot topics in the maritime industry. One of our most involved sectors of the U.S. maritime industry-the tug, towboat
U.S. agrees to $725,000 settlement in fishing vessel pollution case San Diego-based JM Fisheries LLC, G.S. Fisheries Inc., the companies' manager, and the chief engineer of the commercial fishing vessel Capt. Vincent Gann have agreed to pay a total of $725,000 in
Survey: Demand grows for greater focus on diversity, equality and inclusivity in shipping Shipping is significantly lacking ethnic and female representation at the senior level of the industry's shoreside workforce, according to the latest survey from the London-based Diversity Study Group (DSG). While this may
Eagle Bulk Shipping appoints chief strategy officer Stamford, Conn.-headquartered Eagle Bulk Shipping Inc. (ESG) has named Costa Tsoutsoplides as chief strategy officer. In this newly created role, he will have broad responsibilities in developing Eagle's corporate strategy as well
OP-ED: Knowledge pays when selecting and operating BWMS By Mark Riggio Head of Marine, Filtersafe Upfront costs and operational expenses are important considerations for all ship owners and operators purchasing ballast water management systems (BWMS). This means it's critical to
AWO applauds infrastructure bill's passage The American Waterways Operators (AWO) says that it applauds the passage of the bipartisan infrastructure bill, H.R. 3684, signed into law by President Joe Biden earlier this week. AWO notes that the
MPC Container Ships expects even stronger market for 2022 Non-operating owners supplying ships for intra-regional trades have nothing to fear from a growing orderbook. Buoyant freight and vessel demand...
Grindrod sees strong fundamentals in dry bulk market While there has been an easing in freight rates during the past few weeks, the market is still tight, says...
Supply chains need collaboration to resolve congestion Hapag-Lloyd wants to simplify container shipping to increase the quality of service it offers. This means bigger ships, fewer calls...
Coal, control and congestion to shape dry bulk freight market Port congestion has been particularly acute in northern China, where 314 bulk carriers are now tracked at anchor, up from...
North sets 15% general increase after 'most challenging year' P&I rates up 30% since 2019 and owners can expect as much again in next three years, sector big gun...
EU may veto merger of South Korean shipbuilders A spokesperson from the European Commission said the clock has been stopped for its investigation into the deal because of...
Hafnia extends losses but expects tanker market rebound Company's fourth quarter of the year outlook remains positive, says chief executive
Top 10 box port operators 2021 PSA's Peter Voser retains his crown at the top of the box port table after the Singaporean operator chalked up...
Fertiliser supply constraints spell sluggish demand for supras and handies Restrictions on Chinese and Russian fertiliser exports may alter existing trade flows, as key buyers are forced to look for...
Daily Briefing Cost to fully decarbonise shipping is close to price of meeting IMO target - UMAS | Fast-ship service waiting in...
Disrupted supply chains threaten global recovery The complexity of supply chains will add costs to a range of goods, potentially affecting economic recovery following the pandemic...
RightShip opens Singapore office to enhance Asia-Pacific presence Office in the Lion City will serve as an innovation hub to deliver zero harm solutions and contribute to shipping's...
Vaccinations are key to solving supply chain issues, says UN report UN Conference on Trade and Development says it is concerned about container lines expanding into ports, freight forwarding and intermodal...
White House says US business 'at the mercy' of carrier alliances Carriers have agreed to clear more empty containers from ports faster and will bring in vessels dedicated to empty removal...
Peak season over: Container-ship arrivals in Southern California sink Ship arrival data confirms seasonal surge to Southern California has ebbed - even as port congestion has risen.
California truck weight exemption unlikely to ease ports logjam CalTrans is boosting the weight limit for port truckers. The regulatory change was made with good intentions, but can it work?
Vancouver spot marine fuel pricing sees little impact from post-flood logistics issues Marine fuel bunkers spot pricing saw little change Nov. 17 in Vancouver as the region continues to recover from severe flooding earlier in the week, while logistics into and out of the key North American port remain problematic.
OIL FUTURES: Crude climbs on weaker US dollar, market eyes US, China crude releases A weaker US dollar helped push crude oil futures higher Nov. 18 as the market weighed the impact of a potential US or Chinese strategic reserve sale.
TENDER DATA: Iraq's SOMO offers straight-run fuel oil for Dec-Jun loading SOMO is a regular seller of straight-run fuel oil from its refineries in Iraq. It last offered maximum 547,950 mt/month of the fuel oil for loading over October-December, but the company canceled the tender. SOMO instead sold spot cargoes for October and November, market sources said.
NWE gasoline exports to USAC at 15-month low as US inventories edge lower Approximately 380,000 barrels of gasoline are set to load for export from NWE to the USAC in the latest week, down 940,000 barrels on the previous week and the lowest level since the seven days to Aug. 31 2020, according to the data.
European weekly fuel oil exports to Asia down to three-year low: Kpler Italy and Turkey are expected to account for all exported fuel oil this week - 15,000 mt and 11,000 mt, respectively.
OIL FUTURES: Crude falls amid unexpected US crude inventory draw US oil inventory data released by the Energy Information Administration Nov. 17 showed a 2.1 million barrel decline in crude oil to 433 million barrels in the week to Nov. 12. This unexpected draw put US inventory levels more than 7% behind the five-year average for this time of year.
BW LPG gains fuel savings from digital SMARTship system in Q3 Fuel savings this year using the remote support and control with real-time data system, which was installed in three vessels in Q3, were about $1.5 million, the company said.
UAE's ADNOC, AD Ports to build new shipping facilities for TA'ZIZ chemicals projects Three large-scale berths and associated infrastructure in addition to loading and unloading facilities will make up the foundation of the new port, ADNOC said.
FUJAIRAH DATA: Oct. bunker sales jump 22.1% on month, hitting high for 2021 Buyers had put off purchases during most of September in hopes that crude oil prices would soften but could wait no longer to meet their vessels' requirements in October, traders said.
Singapore HSFO cargoes get support from straight-run fuel oil demand, bunker Spot demand for Singapore-delivered 380 CST HSFO has continued to improve in November, but HSFO term contractual nominations constitute the bulk of demand that has led to stable and healthy sales volumes, even in October, when product availability was tight, traders said.
Brazil working in 'cooperative way' with OPEC but has no plans to join the oil group: minister Brazil's potential participation in OPEC was first unveiled by President Jair Bolsonaro during a visit to Saudi Arabia in October 2019.
Pavilion, QatarEnergy and Chevron unveil emissions methodology for delivered LNG cargoes The methodology will allow the use of tools, such as, carbon offsets to decarbonize gas and sell carbon neutral LNG downstream to customers
Rosneft to become Germany's number two refiner after move on Shell stake The deal will see Rosneft's capacity grow by around 86,000 b/d to 344,000 b/d.
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