Conrad delivers ABS deck barge to Ashton Marine Morgan City, La., headquartered Conrad Shipyard has delivered a 240 foot x 60 foot x 14 foot ABS deck barge to Muskegon, Mich., based Ashton Marine LLC. Named the AM 3600, the
CLIA to CDC: Phased resumption of cruises from U.S. should begin in July CLIA, which represents 95% of global ocean-going cruise capacity, today called on the Centers for Disease Control and Prevention (CDC) to lift the Framework for Conditional Sailing Order (CSO), issued October 30,
DESMI marks milestone: 50 Stolt Tanker vessels fitted with CompactClean BWMS Back in January 2019, the first DESMI Ocean Guard ballast water management system to be installed in a Stolt Tankers B.V. vessel was commissioned. Just two years later, another 49 vessels in
NYK LNG Ship Management signs optimized maintenance agreements with Wärtsilä Wärtsilä has signed two long-term optimized maintenance agreements with Japan based NYK LNG Ship Management. The 15-year agreements, which took effect fom January 2021, cover the Wärtsilä 50DF dual-fuel engines and other
Rystad sees offshore drilling set for two-year uptick After a challenging 2020, oil and gas demand recovery - supported by vaccination efforts and OPEC+ supply cuts - is proving good for drilling activity, says Oslo, Norway, headquartered consultancy Rystad Energy.
NTSB reports on flooding of towing vessel moored at shipyard The National Transportation Safety Board has issued its report on a May 17, 2020, incident in which the Blessey Marine towing vessel Alton St. Amant was found by a shipyard worker to
Centerline Logistics launches "Visionary Fuels" initiative Seattle, Wash., headquartered Centerline Logistics, a leading national provider of marine petroleum transportation services, has formed an Alternative Fuels Working Group. The group consists of industry partners and internal representatives from within
Shell LNG dual-fuel VLCCs will have ME-GI engines The ten 300,000 dwt VLCCs being ordered by three shipowners for long term charter to Shell will have MAN B&W 7G80ME-GI Mk9.5 dual-fuel engines. The ships are being built at Daewoo Shipuilding
Hafnia gets $374m sustainability-linked loan The product tanker owner agrees with 10 banks on its first ever syndicated sustainability-linked financing deal. Its fleet's emissions performance...
Navios Containers shareholders back Navios Partners merger Navios group chairman and chief executive Angeliki Frangou said the deal was a transformative transaction, creating 'one of the 10...
Seanergy says outlook for capesize market is 'very strong' The newbuilding order book was lower than at any time in the last 17 years and the benign supply picture...
Suez grounding likely to generate big insurance claims and extensive litigation The Suez incident is likely to generate salvage claims and fines, while claiming general average on 20,000 boxes with up...
Suez Canal remains blocked despite efforts to refloat grounded Ever Given It is not clear what caused the grounding. Initial reports suggested that Ever Given had experienced engine trouble, but a...
Coal trade flows see reshuffle China is seen importing more coal from South Africa and Indonesia, while Australia is exporting more to India and Japan...
TEN signs charters worth $150m for LNG trio The LNG newbuilding, to be named Tenergy, will bring the company's LNG fleet to three vessels alongside 65 tankers, including...
Trafigura backs new global emissions levy proposal Trafigura's head of fuel decarbonisation believes that the International Maritime Organization needs to make the new proposal for a $100...
Winson denies connection with North Korea oil trade All operations including ship-to-ship transfers comply with existing international regulatory requirements, the Singapore-based oil trader said
First ship-to-ship LNG bunkering for boxship takes place in Singapore FueLNG, which undertook the STS bunkering, expects to conduct between 30 and 50 such operations in Singapore this year
Daily Briefing Free to read: Green lobby frustrated at black carbon delays | Shipping being considered for UK emissions trading scheme, minister...
US Coast Guard loses pilotage exam case The USCG acted on derogatory reports about Capt Matthew Hight presented by the for-profit St Lawrence Seaway Pilots Association, including...
Santos awards major FPSO contract to BW Offshore Santos chief executive Kevin Gallagher flagged significant savings from the FPSO contract award, which will go towards boosting cost competitiveness...
What the Suez Canal accident means to the tanker business Back in the Aristotle Onassis era, a Suez Canal closure was a tanker game changer. Today, tanker upside from the canal accident is limited.
Scores of container ships waiting to transit Suez Canal "Strong winds" are blamed for causing the 20,000-TEU Ever Given to get stuck and block Suez Canal traffic in both directions.
IATA offers digital connectivity platform to air cargo industry Digital transactions are necessary as air cargo volumes grow, but setting up those IT links can be tedious. The International Air Transport Association has a...
Viewpoint: Buy American - by choice Fewer options means less competition and less incentive to control costs.
S KOREA DATA: Feb oil product exports drop 31% on year as refiners struggle to sell jet fuel South Korea's refined oil product exports in February dropped 31.2% from a year earlier to 29.55 million barrels, or 1.06 million b/d, as jet fuel shipments continued to falter amid tepid international passenger air transportation activity across Asia, data released by Korea National Oil Corp. showed March 24.
TENDER DATA: India's Nayara Energy offers low sulfur fuel oil for H1 May loading Nayara last sold 42,000 mt of low sulfur fuel oil with 0.3% sulfur for loading over April 1-5 from Vadinar to Vitol at a single-premium to MOPS Marine Fuel 0.5%S assessments, S&P Global Platts reported previously. Nayara is an occasional seller of low sulfur fuel oil.
US crude inventory builds extend amid lasting polar vortex impacts to refiners US crude inventory builds extended in the week ended March 19, US Energy Administration data showed March 24, as refinery runs continued to see lingering effects from the mid-February polar vortex.
OIL FUTURES: Crude prices jump 6% as Suez Canal closure prompts vessel delays Crude oil futures settled nearly 6% higher March 24, clawing back nearly all of the losses seen the session prior after a grounded container ship closed the vital Suez Canal.
Suez Canal blockage sends ripples through global commodity markets One of the world's biggest container vessels ran aground in the Suez Canal late March 23, trigging a major scare in the global commodity markets by blocking a critical transit chokepoint.
Hi-5 bunker spread likely to be well supported through 2021: ING **Hi-5 bunker spread likely to remain supported **OPEC+ production ramp ups bullish for 3.5%S FO prices **China 0.5%S MF production growth adds bearish sentiment **Recent Singapore arbitrage for 0.5%S MF lessens, losing support
Container market braced for further delays following Suez Canal incident **Some container liners eyeing Cape of Good Hope route **Container market already seeing port delays, seen worsening
FEATURE: Hi-5 at $100/mt leaves time to invest in scrubbers **Hi-5 likely supported through 2021: analysts **Scrubbers may reach payback in two years **Interest in scrubbers' prospects beyond sulfur abatement
Port of Singapore sees Asia's first ship-to-containership LNG bunkering **CMA CGM ship fueled with 7,100 cu m of LNG from FueLNG Bellina **First ship-to-ship operation for FueLNG Bellina **IMO GHG emission cut targets supportive for LNG bunkering: FGE
Suez Canal blocked after container ship runs aground: sources **More than 40 ships waiting on the south side of the canal **Almost 10% of seaborne oil trade passes through key waterway **Freight rates likely to firm if blockage persists longer
FUJAIRAH DATA: Oil product stocks fall to 2019 level as heavy distillates tumble **13 terminals now reporting inventories **Bunker premiums over Singapore hit 13-month high **Unexpected outage at Uniper Energy refinery
JAPAN DATA: March 14-20 oil product exports rebound 25% to 2.88 mil barrels Low sulfur fuel oil exports surged 55.6% week on week to 491,953 barrels in the week ended March 20, with high sulfur fuel oil exports having hiked 36.9% on the week to 550,111 barrels.
JAPAN DATA: March 14-20 oil products output rises 4.2% on week
S KOREA DATA: Oil products demand rebounds for first time in nine months in Feb Refining industry sources said it remains highly uncertain whether South Korea's oil products demand would consistently show a meaningful recovery over the coming months as the government is expected to maintain strict movement restriction measures.
Minerva Bunkering 'selling actively' in Fujairah as premiums rise: CEO **Premiums rise on 'some market tightness' **Minerva Bunkering started at port in 2020 **Not looking to be biggest player at port
INTERVIEW: Minerva aims global growth; sets decarbonization, digitalization goals **Company purchases floating storage unit for Singapore market **Minerva's carbon offset offering to support decarbonization goals
Regulatory intervention, sampling key to tackle VLSFO-related quality issues: VPS **VLSFO accounts for about 66% of samples tested by VPS last year **Off-specification seen increasing
Singapore Marine Fuel 0.5%S cash differential drops to near three-month low **Singapore receiving higher inflow of western cargoes in March, April **Bunker demand weakens on higher flat prices
Stuck Suez Canal container ship disrupts global commodities trade: sources **Demurrage costs to rise **Salvage operations on
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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