WinGD takes ecosystem approach to marine decarbonization Engine developer WinGD has developed a range of solutions that use digital vessel optimization and battery-hybrid energy systems to improve the energy efficiency and future fuel flexibility of its two-stroke engines. "Our
Clean Energy joins World Fuel Services to supply LNG for Pasha newbuilds Clean Energy Fuels Corp. (NASDAQ: CLNE) announced it expects to supply World Fuel Services, Inc. with an estimated 78 million gallons (about 300,000 cubic meters) of liquefied natural gas (LNG) annually to
Abandoned cargo: Growing risk While major cargo shippers are going to the FMC with their irritations over port delays and rising detention and demurrage charges, shippers at the lower end of the spectrum may take another
Going big on bubbles, MSC orders 30 air lubrication systems Hull air lubrication specialist Silverstream Technologies has won orders for more than 30 of its systems for installation on large containerships on order for MSC (Mediterranean Shipping Company). The order relates to
VIDEO: Could unmanned rescue vessels save lives in offshore wind sector? Edinburgh, Scotland, based start-up Zelim has taken a significant step forward in its plans to develop a complete lifesaving system for the offshore wind industry. The company (formerly called Offshore Survival Systems)
Fairbanks Morse Defense expands leadership team Beloit, Wis., headquartered Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has added two more executives to its leadership team. Crystal Brent joins the company as vice president of marketing.
Jotun cites EU MRV data to support carbon reduction claims Sandefjord, Norway, headquartered coatings specialist Jotun says that a new study based on European Union Monitoring, Reporting and Verification (MRV) data shows that cargo vessels using Jotun Hull Performance Solutions (HPS) reported
Call for market-based measures by 2025 to ensure shipping hits 2050 green target Coalition of over 150 companies also demand that governments support industry on a national level by setting domestic shipping decarbonisation...
Imports of LNG down 75% as UK energy crisis deepens Most Middle East Gulf and US cargoes are sailing for Asia as gas prices hit fresh highs
Pistiolis sells final two VLCC newbuilds to TOP Ships Company already owned 35% of 300,000 dwt tanker pair, that are chartered to Trafigura for at least three years upon...
PB Tankers 'back from brink' after sanctions delisting Things got so bad suppliers declined to deliver fresh food to ships at anchorage, for fear of being sanctioned for...
Why COP26 matters to shipping Regulatory uncertainty may be trumping climate urgency as shipping stumbles in the race to zero, but the maritime sector must...
ONE chief calls for better infrastructure Shipping, and box shipping in particular, can boost the recovery. But container carriers can not solve terminal and inland infrastructure...
Capesize rates shrug off China concerns to set new high The average weighted time-charter for five leading routes rose to more than $56,000 per day at the close on the...
Boxship congestion continues off US west coast Ships are arriving at the US west coast faster than their contents can be processed through the system. And with...
Cosco to acquire a 35% stake in Hamburg terminal Chinese terminal operator said Hamburg investment will help deliver stable earnings and maximise its business synergy with carriers
Supply chain reconfiguration requires green targets As supply chain managers adapt themselves to the green agenda, the shipping industry must beware a possible reduction in long-haul...
Singapore minister backs carbon tax to curb shipping's emissions Real global transformation will require the International Maritime Organization to take the initiative, and to align its policies and procedures...
Daily Briefing CMA CGM confirms data leak after cyber attack | Shipping needs to be vigilant over cyber risks | Green loan...
K Line expands dual-fuel car carrier fleet The newbuilding project is part of K Line's initiative to cut fleet carbon dioxide emissions by 50% over the next...
Night moves: Long Beach begins trial of extended-hour cargo pickup One of the largest container terminals in Southern California is testing a system for 24-hour cargo pickup.
Just how many containers of cargo are stuck off California's coast? Southern California ports would need two weeks with zero vessel arrivals to clear logjam - but the ships keep coming.
Reverse thrust: Strauss to remain Amerijet CEO after reconciliation CEO Tim Strauss and Amerijet's board kiss and make up. He will continue to run the company.
Port Houston sets monthly cargo record in August Port Houston saw a spike in imports and exports of steel and imports of general cargo during the month.
FEATURE: Petrobras to retain over half of fuel oil, bunker production in Brazil after refineries' sale The scheduled sale of eight of its refineries would leave Brazil's state-led oil company Petrobras in control of around half of the country's annual production of fuel oil and bunker fuel, according to data from the country's National Agency of Petroleum, or ANP.
Maersk fuel partner sees ample feedstock for bio-methanol bunkers Bio-methanol for bunker fuel developed from municipal waste has ample feedstock to draw on despite concerns that as a biofuel it raises issues of availability, according to Trevor Neilson, CEO of renewable fuel developer WasteFuel.
Lawmakers ask Biden to consider RIN market reforms to aid independent refineries A group of Pennsylvania Congress members are seeking federal government intervention to preserve refining capacity in their state that they say is threatened by the high price independent refineries are paying to comply with the Renewable Fuel Standard.
Vitol launches ARA bunker services Commodity trader Vitol, which launched its bunker trading arm Vitol Bunkers in May, will offer bunker supply services at the Amsterdam-Rotterdam-Antwerp hub from Oct. 1, the company said Sept. 21.
OIL FUTURES: Crude closes higher on weaker dollar; market eyes near-term growth risks Crude oil futures finished higher in a volatile session as a weaker dollar and rising costs for alternative fuels backstopped markets despite near-term growth risks.
Renewable Energy Directive objectives have not delivered: ePure "The progress so far is that close to 9% of energy in transport is from renewables, but we started in 2009 at 4.6%," Emmanuel Desplechin, said Sept. 21 at the S&P Global Platts European Biofuels Virtual Conference.
Dutch CCS project scrapped after Tata Steel opts for hydrogen DRI production route "The expected Tata Steel CO2 volume available for the Athos project was the basis for its conceptual, technical and economical considerations," Athos said.
OIL FUTURES: Crude prices edge higher on robust prompt oil demand, constricted US Gulf output While concerns over the outlook for oil demand and demand for refined products into the start of autumn have exerted downward pressure on oil prices recently, prompt demand remains robust as travel restrictions are eased in Europe and the US.
Gidara Energy's biofuels plant in Amsterdam to start operations in 2023 The high-pressure gasification technology takes feedstock such as wood waste, sewage sludge, wastepaper, agricultural residue and municipal solid waste and can produce a range of end-products such as methanol, bio-diesel, MTBE, green hydrogen, bio-ammonia and others.
GASTECH 2021: Bullish prices for suppliers could temper long-term LNG demand "I think current prices, if they continue, they will be a burden on many countries and we will not see the demand side on the long-term be ready to take such prices," UAE energy minister Suhail al-Mazrouei told reporters on the sidelines of the conference.
CEC, CNC carbon assessments spread narrows on rising interest in CORSIA credits The spread has narrowed primarily because of the surge of prices in the CORSIA space.
Shell to develop energy parks to focus on waste-based, low carbon-based feedstocks Shell's target is to reduce its CO2 emissions by 30% by 2030 and become a net-zero emissions business by 2050.
UAE energy minister sees oil market 'in a very good position' from OPEC+ management "We will always keep the market balanced, so if we are required to pump more to keep the market balanced, we will do so, but that is something we will study with all the countries," he told S&P Global Platts on the sidelines of the Gastech 2021 conference in Dubai.
CHINA DATA: Refineries maintain high oil product yield despite throughput falls The high oil product yield was a result of three factors, intensive competition in chemical market, independent refineries' effort to report production properly and to make up the reduction in oil product supplies from blending pool, refining sources said.
South Korea 380 CST high sulfur bunker fuel premiums hit 8-month high on tight supplies HSFO supplies at South Korea are now tighter with only GS Caltex able to provide HSFO for bunker delivery, a South Korea-based trader told Platts on Sept. 21.
Zhoushan ex-wharf Marine Fuel 0.5%S bunker premium hits new high on supply tightness Supplies have been getting tighter in the Zhoushan ex-wharf 0.5%S marine fuel market due to decline in domestic low sulfur fuel oil production, market sources said.
Hong Kong 380 CST high sulfur bunker premium hits 11-month high on tight supply "A cargo was supposed to arrive yesterday but it was delayed. It is likely to remain tight until Sept. 28-29," said a Hong Kong-based bunker trader Sept. 21. "Hong Kong is a dependent market."
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