New Lock at the Soo construction begins The U.S. Army Corps of Engineers (USACE) reports the New Lock at the Soo project at Sault Ste. Marie, Mich., is on schedule as construction resumes on phase one and is initiated
MBARI to build new flagship research vessel The Monterey Bay Aquarium Research Institute (MBARI) has selected Freire Shipyard in Vigo, Spain, to build its new state-of-the-art research vessel. It is to be named R/V David Packard, in honor of
SeaspanLNG bunkering vessel gains AIP North Vancouver, B.C, based SeaspanLNG reports that Bureau Veritas has given an an Approval in Principle (AIP) for the design of a 7,600 cu.m LNG bunker vessel. The vessel has been designed
New offshore wind feeder vessel concept features motion compensation One solution to installing offshore wind turbines in compliance with the Jones Act is to use a foreign-flagged wind turbine installation vessel (WITV) supported by U.S.-flagged, U.S.-built feeder vessels. Two Dutch companies
US Watercraft licensed to build SeaArk Marine portfolio Hubert, N.C., based US Watercraft reports that it has entered into an exclusive licensing agreement to utilize the complete SeaArk Marine portfolio of commercial fire fighting, military, survey, and work boats. Located
Taiwanese Coast Guard vessels will be first with 16-cylinder MTU 8000 engines Rolls-Royce has delivered the first two 16-cylinder versions of its MTU Series 8000 engines. The 16V 8000 M71L engines will be in new patrol vessels for the Taiwan Coast Guard. They are
Biden climate summit: Shipping seeks support for carbon pricing Ahead of the Leaders' Summit on Climate convened by President Biden, shipping bodies are pushing to make mandatory market-based measures (MBMs) part of the solution to shipping decarbonization. In a joint submission
Belle of Louisville gets a bail out At its April 16 meeting, the Budget Committee of the Louisville, Ky., Metro Government voted to appropriate $725,000 to get the historic riverboat Belle of Louisville through the current fiscal year. The
Baltic Dry Index hits its highest in more than 10 years Baltic Exchange's main sea freight index assessed at 2,710 points at the close on Wednesday, the highest since October 27...
Avance Gas expands newbuilding programme John Fredriksen unit says the vessels, which are being funded through a recent private placement, will be capable of burning...
Shippers warned of continued high freight costs Carriers have been going through a period of profitability not seen in over a decade. They will be unwilling to...
Enesel orders LR2s at SWS Vessels estimated to be costing about $50m each
'Synthetic Libor' under consideration for legacy shipping loans Range of alternatives touted for future deals, with artificial yardstick emerging as potential plug-in solution for rewriting extant deals
US green shipping ambitions hint at emissions target battle Pledges for net zero emissions by 2050 have become the norm. But the US commitment for absolute zero emissions from...
Equipment shortages push up container prices Congestion in the supply chain following the Suez Canal blockage is adding to equipment shortages. Lines expect disruption to continue...
Bunkerers struggle to get finance in tighter market Bunkering companies face tightening credit amid tough markets, green pressure and fallout from past fraud scandals, a webinar is told
Marine casualties drop 18% in pandemic year, says Emsa The number of fatalities declined 48%, while the number of injured persons decreased by 36%, according to preliminary figures
ITF demands Ever Given seafarers be allowed off ship 'We are pleased to inform the world that the crew of the Ever Given is in good spirits, and doing...
Maritime decarbonisation centre gets $90m funding Climate change 'is a defining challenge of our time and the only way to tackle this is with cross-border, cross-sector...
Carriers push charter market to new highs With virtually no ships idle, owners can set the terms for charter tonnage. Even classic panamaxes are achieving record rates
Shipping gets another warning for sluggish decarbonisation move Greater collaboration is needed for shipping to fulfil its decarbonisation task, which is seen by some senior executives as the...
Shipping demands market-based measures debate at IMO The International Maritime Organization is facing industry pressure to start talks on market-based measures as soon as possible
Daily Briefing Free to read: Shipping added to new UK emissions targets | Cyprus launches debate on long-term maritime strategy | Skilled...
Shell to trial hydrogen fuel cells in ships A landing craft plying Shell's Pulau Bukom refinery and Singapore's mainland has been identified for the hydrogen fuel cell project
US state bans fully automated cargo handling equipment 'Public funds should not be spent on equipment that eliminates good, family wage jobs in our port communities,' said Cam...
Capesize rates increase by 10% in a week A strong global recovery in steel demand is believed to be benefiting the dry bulk sector, with iron ore volumes...
'Sky's the limit' for already lofty container-ship charter rates Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.
Airlines to lose $48B despite banner year for cargo Cargo has been the airline industry's all-star performer since the pandemic began. Profits are soaring, but it's not enough to overcome huge losses from the...
Viewpoint: Settling for general average Evergreen should decide whether to leave the containers on board the vessel or come up with a way to transfer them.
Shipping groups call for earlier discussions on global market-based measures MBMs put a price on CO2 emissions, creating an economic motivation to reduce emissions.
Crude settles lower amid US inventory build, rising India COVID-19 concerns Total US commercial crude stocks climbed 600,000 barrels.
Singapore takes next step toward greener shipping with maritime decarbonization center City-port has been developing LNG bunkering capabilities under the LNG bunkering pilot program
EU Council, Parliament reach provisional deal to cut emissions 55% by 2030 The provisional agreement set an aspirational goal for the EU to achieve negative emissions after 2050, the Council said.
Standard Chartered projects up to $1.5 trillion to decarbonize shipping, signs Poseidon Principles **Sustainability-linked shipping loans to gather pace **Bigger shipping finance projects likely
FUJAIRAH DATA: Oil product stocks surge to 8-week high, led by heavy distillates Demand for marine fuels remained weak in Fujairah, the world's third-largest bunkering hub, with prices taking a dip, according to traders.
Shell's maiden trial for hydrogen fuel cell in ships to aid Singapore's clean fuel ambitions **Shell, SembCorp Marine Ltd, LMG Marin AS, Penguin International to collaborate on the project **Trial to develop, install auxiliary power unit PEM fuel cell on existing roll-on/roll-off vessel
AP Moller Maersk halts buying of ships without zero carbon capability This means that even though these new ships will have dual fuel engine capability and can use diesel when zero carbon emitting fuels are unavailable, this will only be opted as a last resort.
JAPAN DATA: April 11-17 oil products output falls 8.5% on week Local refiners cut their output of low sulfur fuel oil by 19.2% on week to 0.99 million barrels in the week to April 17
SAUDI DATA: Feb fuel oil demand drops to 3-year low; exports rise 21% on month **Fuel oil demand was last lower in April 2018 **Feb fuel oil demand slips 9% on month
JAPAN DATA: April 17 oil product stocks rise 3% on week to 62.27 million barrels Stocks of middle distillates rose 2.8% on the week to 29.21 million barrels.
S Korea's delivered 0.5% sulfur bunker differential to gasoil hits 10-month low **Lower China prices attract demand from South Korea **Supply remains ample with refiners keen to sell
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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