Callan plans to add new large trailing suction hopper dredge Galveston, Texas, headquartered dredging contractor Callan Marine has released the tender package for what will be the largest capacity trailing suction hopper dredge (TSHD) in the U.S. To be named the Admiral
VIDEO: Remote tugboat operation in Singapore A trial in which a tugboat was remotely operated from a shore command center located at the Maritime and Port Authority of Singapore's Maritime Innovation Lab is being hailed as a major
PODCAST: Designing a Jones Act compliant WTIV As part of a joint development project with Lloyd's Register North America, NETSCO engineers and naval architects are responsible for the concept design of a Jones Act compliant Wind Turbine Installation Vessel.
Maersk Supply wins its largest project contract ever The Libra Consortium has awarded Maersk Supply Service a major contract for for the pre-laying of anchors for a newbuild FPSO. The work consists of pre-laying 24 torpedo anchors, each weighing 120
Wärtsilä to power HaiSea Marine LNG-fueled escort tugs The pair of dual-fuel 95-ton bollard pull escort tugs ordered by HaiSea Marine at Turkey's Sanmar Shipyards will feature Wärtsilä engines and LNG fuel gas supply systems. The Robert Allan Ltd RAstar
Cruising: Florida wins preliminary injunction against CDC rules A federal judge has granted Florida a preliminary injunction restraining the Centers for Disease Control (CDC) and and Prevention from enforcing its rules on cruise ships in Florida's ports. Effective July 18,
VIDEO: Ford comes through first shock trial The U.S. Navy has released video of the first scheduled explosive event in a series of Full Ship Shock Trials (FSST) of the USS Gerald R. Ford (CVN 78). The Navy has
Enstructure to acquire Patriot Ports U.S. terminal and logistics company Enstructure, reports that it has entered into a definitive agreement to acquire Patriot Port Holdings LLC. Patriot Ports, the ports division of Patriot Rail & Ports and
Ports of Indiana Mount Vernon has new port director Ports of Indiana reports that it has hired Bernard (Ben) Weithman as the new Ports of Indiana-Mount Vernon port director. Weithman will lead port operations and business development for the Mount Vernon
Reinsurance exclusions limiting cyber cover from P&I clubs Steamship sees combined ratio jump to 125% after big payouts to cruise operators in wake of pandemic
Guyana checks Winsome ways of Iran-linked tanker Aframax tanker Winsome has changed names four times and been reflagged in Gabon and Panama since May 2020
Would a master stop his ship if the crew are fatigued? Masters must occasionally feel tempted to give a crew adequate rest, but dare not for fear of being disciplined. This...
Star Bulk steers clear of newbuildings Company president says he does not see a reasonable financial payback from investing in newbuildings at this time
Box Club closes after half a century as container shipping moves on A two-year US Justice Department investigation of the International Council of Containership Operators found no evidence of collusion but the...
Maritime leaders unite to cut emissions in US and Canada Former Shell manager will head up the new coalition that has been founded by 24 members, while Shell's incoming global...
MOL revises full-year forecast up on container shipping boom MOL said cargo movements and spot freight rates in box shipping have both "considerably" exceeded the company's assumptions
Ever Given insurers hoping for breakthrough Vessel remains at anchor in Great Bitter Lake, nearly three months after grounding caused a six-day shutdown of Suez Canal
What is going on at the IMO? Shipping reacts to MEPC76, what the new rules mean for owners, and why the IMO needs to resolve its trust...
Daily Briefing Free to read: IMO needs to resolve its trust issues | Shipping industry left frustrated by MEPC 76 outcome | The...
Logistics and airfreight underpin CMA CGM's transition to integrated transport group CMA CGM executive officer Tanya Saadé Zeenny tells Lloyd's List that the business founded by her father and uncle has...
PetroChina to order trio of LNG carriers at Hudong-Zhonghua China still deems natural gas to be an important source of cleaner energy to help reduce the domestic use of...
Mounting evidence that container crunch will persist until 2022 Americans are spending more on services. Contrary to predictions, this has yet to curb demand for containerized goods.
Limetree Bay says suspends operations indefinitely at St. Croix refinery Limetree Bay is suspending plans to restart its 176,400 b/d refinery in St. Croix, US Virgin Islands, "due to severe financial constraints," the company said June 21.
African demand helping to buoy Asian motor fuel fundamentals: sources The steady appetite for transportation fuels from Africa is helping to lend support to Asian motor fuel markets, with traders continuing to find opportunities from the continent to move cargoes amid waning demand in Asia.
EMEA LIGHT ENDS: Key market indicators The light ends complex strengthened week on week as gasoline demand continued to recover and petrochemical cracking supports feedstocks, providing positive sentiment for the week starting June 21.
Asia crude oil: Key market indicators this week Trade activity in the Asian crude oil market is likely to ease in the week of June 21-25 after a flurry of activity in the week ended June 18 demonstrated healthy demand and well-supported spot trading levels for both sweet and sour crude grades.
Magellan, Enterprise team up with ICE for new Houston crude futures contract Magellan Midstream Partners and Enterprise Products Partners teamed up with the Intercontinental Exchange to establish a new oil futures contract on Permian Basin crude delivered to Houston in order to make the Gulf Coast hub even more competitive.
Japan proposes $10 bil in finance for ASEAN renewables, LNG to aid energy transition Japan has offered ASEAN energy ministers $10 billion in public finance for renewables and LNG projects, as part of a package of measures aimed at helping the group of 10 Southeastern Asian economies accelerate their moves toward energy transition.
EMEA Middle Distillates: Key market indicators European middle distillates markets were looking relatively weak despite global oil demand recovery hopes, with values and cracks sliding while flat prices rose to 1-1/2 year highs.
Asia middle distillates: Key market indicators for June 21-25 Asian middle distillate markets are entering the June 21-25 trading week on a steady note, with gasoil demand expected to remain flat due to a lack of fresh pricing cues and jet fuel/kerosene continuing to grapple with a dearth of demand amid ongoing COVID-19 travel restrictions.
OIL FUTURES: WTI jumps 3% on bullish demand outlooks, falling US inventories Crude prices moved sharply higher June 21, underpinned by global demand recovery hopes and a pause in talks to revive the Joint Comprehensive Plan of Action that could see US sanctions lifted on Iranian oil.
Middle East Q3 straight-run fuel oil demand rises amid competition from Chinese refineries The recent increase in Chinese independent refineries' demand for straight-run fuel oil as an alternative feedstock is competing with the Middle East's demand for the grade in the third quarter of this year, market traders based in the Middle East said.
US clean tanker owners weigh options amid increased appetite for trans-Pacific naphtha flows Clean tankers positioned in the Americas are showing resistance to trans-Pacific voyages despite demand for naphtha exports from US Gulf Coast into Northeast Asia, citing high bunker prices, weak daily earnings and bearish freight market at discharge as deterrents to reposition.
KPI OceanConnect full-year bunker volumes up 26.5% amid merger **Main growth seen in Asia **Full-year period covers volatile time in markets
Air Liquide, Airbus partner on hydrogen for Paris airports by 2035 **MOU on hydrogen fuel infrastructure study **Air Liquide targets 3 GW of electrolysis by 2030
ICE LSGO futures net speculative length reaches near 3-year high on rising flatprice The futures contracts continued to rise on the back of crude price rises amid global demand recovery hopes and a pause in talks to revive the Joint Comprehensive Plan of Action that could see US sanctions lifted on Iranian oil.
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week Sources continued to point towards an unprofitable arbitrage east from Europe, as the market, particularly the Mediterranean, grappled with ample supply.
Sweden's Preem starts test production of renewable gasoline at Lysekil refinery **Sawdust-sourced pyrolysis oil being fed into cracker **Sweden's biofuel blending mandate to double in 2022 **Preem targeting 5 million cu m of renewable fuels by 2030
Asia residual fuel market: Key market indicators this week While the bunker demand for marine fuel 0.5%S in the Asia-Pacific market remains lukewarm overall, the lifting of 14-day mandatory quarantine for crews on vessels at Hong Kong for bunkers-only calls is expected to raise demand marginally in the port city.
IMO committee meeting fails to tackle Arctic climate crises: NGOs **Black carbon, scrubbers deferred to MEPC 77 **Alliance to take up the issue with other shipping bodies
Shipping groups call for swift action on IMO-supervised $5 billion fund program More concrete regulatory and technological progress is required to accelerate the development of zero-carbon fuels.
Navigation resumes at Kuwait's ports following dust storm Navigation resumed at Shuwaikh, Shuaiba and Doha Ports on Saturday after weather improvement.
OIL FUTURES: Crude higher on demand recovery, delay in Iran nuclear talks "Improving traffic data amid an acceleration of vaccine rollouts has boosted demand for gasoline and diesel in Europe and the US," ANZ said.
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