Swan Hellenic christens first of three new cruise ships Nicosia, Cyprus-headquartered cruise line Swan Hellenic today christened its new cruise ship SH Minerva in a small private ceremony at Finland's Helsinki Shipyard. The ceremony came after global supply chain disruptions and
J.P. Morgan and Havfram announce new series WTIVs In cooperation with Norway's Havfram AS, institutional investors advised by J.P. Morgan Global Alternatives have signed a letter of intent with Chinese shipbuilder CIMC-Raffles for a series of next generation, state-of-the-art wind
ABB offers shipowners a digitalization kick-starter To meet a growing market demand for a straightforward entry to digitalization, ABB has launched a new solution for collecting and recording vessel performance data onboard. The new ABB Ability OneBox marine
BAE Systems launches next-gen marine power and propulsion solution Building on its 25 years of experience in electric propulsion, BAE Systems has launched its next-generation HybryGen power and propulsion system for the marine market. The flexible solution is designed to help
Pascagoula Pilots take delivery of Metal Shark pilot boat Jeanerette, La.-headquartered Metal Shark has delivered a 55- by 17-foot welded aluminum pilot boat to the Pascagoula Bar Pilots Association in Mississippi. Called Singing River Island, the vessel is the second Metal
Q&A: Wärtsilä's Mark Keneford on pathways to decarbonization [Sponsored Content] As decarbonization continues to be a hot topic in the maritime industry, we wanted to get the scoop on Wärtsilä's plan for decarbonization. We talked to Mark Keneford, general manager,
Op-Ed: New infrastructure, new rules for offshore wind By Shivaprakash Rao, Head of Consulting Critical Infrastructure and Energy Transition, BMT This year's COP26 global climate summit is sending a clear message reinforcing the commitment of world leaders to secure global net
WinGD sets timeframe for methanol and ammonia engines Winterthur, Switzerland, headquartered engine designer WinGD says that its engines will be able to run on methanol and ammonia from 2024 and 2025 respectively. The company's multi-fuel solutions will be based on
Little time to talk carbon taxes as IMO states wrestle with 2050 resolution Familiar splits concerning emissions regulations dominated the second day of the Marine Environment Protection Committee. There are now just three...
LNG carrier spot rates surpass $424,000 per day US exports in September already gained 73% compared with the same period a year ago, as demand for vessels intensifies
Svitzer's performance initiative heralds growth strategy Svitzer's new Hull Performance Services division is the first of what appears to be a series of initiatives linked to...
CMA CGM Libra case was dispute over just $400,000 'Our clients had $800,000 exposure... So not taking 50% has cost them [CMA CGM] probably a couple of million dollars...
Top 10 in ship finance 2021 Zhao Jiong, chairman of Bocomm Leasing, remains at the top seat in the Lloyd's List finance ranking. He has pledged...
Shipowners see growing benefits of Chinese leasing Shipowners say China is important for finance when it comes to renewing and expanding fleets, and would play an instrumental...
Kuehne+Nagel names Paul as chief executive to replace Trefzger After navigating the logistics giant through the past nine years, Dr Trefzger is handing over the reins of day-to-day management...
Chinese lessors question shipping's politically driven green agenda The green transition of international shipping should be driven by technologies not policies, according to Chinese leasing houses
Daily Briefing EU states block zero-emissions resolution | IMO's Lim calls for shipping 'to lead by example' on climate | Solomon Islands...
SFL Corp buys LR2 quartet along with long-term charters The vessels are equipped with modern eco-design features including exhaust gas cleaning systems
West coast dockworkers reject extension of US labour contract 'We'll see you at the bargaining table,' International Longshore & Warehouse Union tells Pacific Maritime Association as the scene is...
California ship pileup still piling up - but out of sight, over horizon Record number of container ships waiting but they're harder to see, as new plan spreads queue across Pacific.
Logistics giant Kuehne + Nagel announces succession plan for CEO Trefzger Kuehne + Nagel is one of the largest, most profitable international freight management companies in the world. Its CEO announced he will leave next year.
OIL FUTURES: Oil rallies as market eyes OPEC+ response to coordinated global SPR release Crude oil settled higher Nov. 23 as the market looked toward a possible response from the OPEC+ producer bloc to a coordinated release of strategic reserves from major oil consumers.
INDIA DATA: October refinery run rate improves to 99% The average run for all categories of refineries in India rose to 99% in October, compared with 89% run rate in September, as domestic fuel demand rebounded on easing coronavirus restrictions, the latest survey of the oil ministry showed Nov. 23, reflecting improved economic activities in Asia's third-biggest economy.
INDIA DATA: October oil product exports up 7.2% on month to 1.3 mil b/d India's exports of refined oil products rose 7.2% month on month to 5.3 million mt, or 1.3 million b/d in October, the latest provisional data from the Petroleum Planning and Analysis Cell showed.
US, India, UK agree to release crude from strategic reserves to battle high prices The US will release 50 million barrels of crude from its Strategic Petroleum Reserve as part of a unified effort with several other major oil-consuming countries to lower high fuel prices.
EU delivers mixed review of Venezuela election while US slams process Chances for Venezuela's oil sector to see any major relief from US sanctions appeared slim after EU observers issued a mixed review of the country's Nov. 21 regional elections and the US State Department reiterated its opposition to the Maduro government.
Russia's Lukoil announces oil discovery offshore Mexico Russia's second largest crude producer Lukoil said Nov. 23 it has discovered an oil field within the Yoti West structure at Block 12 offshore Mexico.
European HSFO prompt structure flattens on falling exports According to Kpler shipping data, European HSFO exports were set to fall to an estimated 443,000 mt for the week to Dec. 5, from 1.006 million mt for the week ended Nov. 15.
US to release 50 million barrels from SPR in rare price-related drawdown China, India, Japan, South Korea and the UK will join the US is releasing strategic oil stocks, the White House said, without giving further details.
CHINA DATA: crude buyers rely more on regular suppliers in Oct amid imports slump The country sources its crude from over 30 different suppliers for energy security reasons. But this number fell below the mark to 28 again in October this year.
INTERVIEW: China's firms rapidly building carbon management, trading capabilities Several of China's largest oil companies, manufacturing companies and power utilities had announced net zero plans ahead of Beijing's official announcement of carbon neutrality target by 2060.
UAE sees no need yet for OPEC+ to deviate from planned 400,000 b/d oil output increase The OPEC+ alliance is scheduled to meet Dec. 2 to decide on January production levels, amid strong hints from the US, China, Japan and India that a coordinated crude release from their strategic petroleum reserves was imminent.
Russian river navigation gradually closing, throughput slightly higher on year Navigation this year has been hindered by drought followed by high water levels in some regions.
OIL FUTURES: Crude falls as market anticipates SPR release announcement The US has asked Japan, South Korea and India to join it in a coordinated release of strategic petroleum reserves. China is also expected to undertake its own SPR release. Although these actions have been signposted by US policymakers for several days, the exact timing of the release remains unclear.
African demand to support Middle East gasoline over coming months: traders African demand will continue to support gasoline premiums in the Middle East, despite rising exports from China and lockdowns in Europe, traders said this week.
No Americas container, tanker assessments Nov. 25-26 S&P Global Platts will not publish any Americas container shipping, clean and dirty tanker assessments on Nov. 25-26, 2021, due to the US Thanksgiving holiday.
Ammonia could be steppingstone to liquid hydrogen for long-distance transport: Linde Ammonia is seen as a leading contender for transporting hydrogen-based fuels over long distances by tanker. But the reconversion costs and efficiency losses in turning ammonia back into hydrogen make it unattractive in many cases.
Shanghai-Zhoushan delivered low sulfur marine gasoil spread hits all-time low Fishing trawlers' consumption of LSMGO, especially during fishing season, constitutes a significant portion of overall demand at Zhoushan, which also help pushed bunker price above levels at the port of Shanghai, traders said.
Singapore marine fuel 0.5% front-month backwardation rises to near 2-year high amid tight Dec supply Traders have pointed to a lack of inflows of arbitrage cargoes in December from the Mediterranean and North Africa as a reason for the widening December-January spread.
Firm demand lifts Fujairah Nov ex-wharf low sulfur marine fuel premiums Downstream low sulfur fuel oil bunker demand in Fujairah has stayed relatively firm in November following a month of robust bunker demand in October, which hit an all-year high
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