Fully-electric ferry features Schottel propulsion Equipped with two Schottel RudderPropellers, the 42- by 11-meter Sandøy is the first-fully electric ferry for Norwegian operator Brevik Fergeselskap. Recently launched by Holland Shipyards Group, it will operate operate in the
Ørsted and Eversource partner with fishermen's consortium Joint-venture partners Ørsted and Eversource are to collaborate with Sea Services North America to support safe navigation in and around Northeast offshore wind farms, including the 704-megawatt Revolution Wind project serving Rhode
Frontline swoops on six VLCC newbuild resales John Fredriksen controlled Frontline Ltd. (NYSE and OSE: FRO) reports that it has entered into an agreement for the resale acquisition of six latest-generation ECO-type VLCC newbuilding contracts. The six VLCCs are
All-electric ferries will connect to shore power autonomously Bømlo, Norway, based Zinus AS is to supply autonomous charging connections for the 10 all-electric ferries currently under construction at Spain's Astillero Gondán. As we reported earlier, the ferries are being built
SEACOR Power: NTSB issues preliminary report The National Transportation Safety Board has issued a preliminary report on the April 13 loss of the lift boat SEACOR Power. The report sets out the facts of the event, but reaches
Capital group reaps the benefit of timely boxship buys Four 13,100 teu newbuildings on order at Samsung Heavy Industries being acquired by Wan Hai for just over $445m
From the News Desk: Is LNG fuel worth it? Maersk dismisses claims LNG will help shipping decarbonise. Vague environment reports make it harder to gauge progress. IMO prepares for...
OECD calls for 'significantly stringent carbon pricing' for shipping The Organisation for Economic Co-operation and Development and the Dutch government have told the global maritime regulator it needs to...
Arctic oil fields keep loss-making Sovcomflot afloat The offshore services division supplying shuttle tankers and ice-supply vessels for Arctic oil and gas projects nearly surpassed tanker earnings...
Zim lifts guidance after record-breaking first quarter This time last year Zim was loss-making. Now it is preparing to pay investors a special dividend on the back...
Capital Gas charters two LNG newbuildings to Cheniere Two ships fixed to US operator Cheniere Energy for up to six years, including optional contract periods
Like people, ships respond better when treated individually Ships handle differently in heavy weather and perform differently when laden or in ballast. Offering a one-stop solution to the...
Grounding seen as biggest cause of bulk carrier losses There were 128 lives lost in all bulker incidents in the 10 years to 2020, compared with 173 in the...
Around 90 people missing after barge sinks in Arabian sea Though the eye of the cyclone is slowly disintegrating, the storm has not significantly weakened
World boxship fleet update: A fine balance The chances of boxship orders leading to overcapacity are a million to one. But still they come.
Gard chief executive defends small deficit Gard's '104% is one of the best combined ratios you will find in the industry, very close to the target...
Stena's LNG unit wins Vietnam power project contract The project will take off once its developer nails down a power purchase agreement with the Vietnamese government
Daily Briefing Free to read: IEA says shipping won't reach zero emissions by 2050 | IMO prepares for heavy lifting in finalising...
Frontline buys six eco VLCC newbuilds for $566m Company did not identify the ships but said that the sextet was currently under construction at the Hyundai Heavy Industries...
Southern Californian ports' supply chain metrics improve The National Retail Federation forecasts the import volumes at the ports of Los Angeles and Long Beach in the first...
Shipper group pressures Congress to clamp down on ocean carriers Shippers call on lawmakers to expand government oversight of contracts between ocean carriers and their customers.
How ZIM, a smaller ocean carrier, is blowing away the big boys ZIM is the liner most exposed to upside from America's import binge. It's taking full advantage of the situation.
Sea change: Testing maritime uses for alternative energy The Energy Observer is on a seven-year cruise to publicize the role alternative energy could play in the shipping industry.
REFINERY NEWS: Minor incident at Greece's MOH, situation 'under control' Greece's Motor Oil Hellas said May 19 that it had a minor incident at its Corinth refinery earlier in the day, but the situation was "fully under control."
INTERVIEW: Monjasa sees energy transition accelerating bunker credit challenges **Demand, not regulation will drive future fuel choice **No clear demand for new fuels yet **0.5% fuel oil competitive at present
China to launch action plan on peak carbon emissions by 2030 for all sectors: NDRC China is expected launch its nationwide ETS in June.
FUJAIRAH DATA: Oil product stocks climb as light distillates avert record low **Gasoline exports at one-year low **Trader surprised about jump in light ends **Fuel oil inventories at two-week high
JAPAN DATA: March bonded bunker fuel oil exports rise 7% on year to 3.2 mil barrels **Demand strong from term customers **March sales rise 17% on month
JAPAN DATA: May 9-15 oil products output falls 5% on week to 14.24 mil barrels Local refiners slashed their output of low sulfur fuel oil by 55.3% on the week to 0.41 million barrels.
JAPAN DATA: May 9-15 oil products exports rise 29% on week to 1.58 mil barrels Low sulfur fuel oil exports rose 46% over the same period to 379,822 barrels.
Japan's MOL to reenter ammonia transport business, signs time charter with Trammo MOL was active in the ammonia transport business until 2016 and this contract marks its return to the field, it said.
Asian gasoil-marine fuel spread hits 18-month high as market fundamentals diverge On the marine fuel front, persisting weak demand from the downstream bunker market has weighed on valuations.
India's April LPG imports near 1 mil mt, extends downtrend: shipping data Lower imports also followed a recovery in domestic LPG output in March from a five-month low.
Norway's Frontline snaps up six VLCCs under construction for $565.8 million Frontline said five vessels will be delivered during the first quarter of 2022 while the last one in Q1 2023.
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