MSC Cruises, Fincantieri, Snam eye green hydrogen power for cruising MSC Cruises today reported that it has signed an agreement with shipbuilder Fincantieri and Italian energy giant Snam to jointly explore options for the design and construction of an oceangoing hydrogen-powered cruise
Ingalls authenticates NSC 10 keel Huntington Ingalls Industries' (NYSE: HII) reports that its Ingalls Shipbuilding division authenticated the keel of Legend-class national security cutter Calhoun (WMSL 759) in a ceremony held July 23. "This is a very
Cleaves is still bullish on bulkers In its latest weekly report, Oslo-headquartered Cleaves Securities, says it "still sees plenty of upside left" for dry bulk operator stocks. Noting that dry bulk shipping has skyrocketed since last October, the
CDC rules on cruises are off again for Florida On Friday, a federal appeals court determined that cruise ships sailing from Florida ports will not be subject to CDC constraints as the agency appeals a previous ruling against it in a
VIDEO: 4 missing in China WTIV collapse Videos posted on YouTube show the collapse, Sunday, of a wind turbine installation vessel (WTIV) jack-up in Huizhou, Guangdong Province, China. At the time of the collapse, there were 64 people aboard
Erma First adds world's smallest BWTS to product range Perama, Greece, headquartered ballast water equipment manufacturer Erma First has acquired oneTank LLC, a subsidiary of Seattle-headquartered naval architecture and marine engineering firm Glosten. Erma First says the acquisition will see it
Private equity fund makes containership killing High price paid is a further sign that in the scramble for tonnage, container lines are prepared to pay whatever...
Ever Given: And now for the aftermath The Ever Given casualty will leave its mark on marine insurance and attitudes towards risk, as well as on the...
Decarbonisation lacks uniformity of agreed outcome Shipping's energy footprint debate has reached an impasse around which fuel or fuels will suffice. There's a bigger discussion to...
Shippers should adopt risk-based approach to container pest threat The risk to the environment from invasive species is real. But efforts to prevent the transfer of pests in containers...
Final Wakashio report held up one year after disaster The final accident investigation report is still pending one year on. It is being held up by a lack of...
Marine insurance is leaving cheap-as-chips era behind Even though insurance is a substantial chunk of opcost for most owners, underwriters have successfully made the case for higher...
DP World and Rosatom to develop northern sea route DP World and Russian state nuclear company Rosatom will form a joint venture to help manage development of the NSR...
Taylor Maritime placing oversubscribed More than 65m new shares issued at $1.15 per share, which will enable Taylor to press on with expansion plans
HPH Trust volumes bounce back in first half Surging export volumes from China benefited Hutchison's Singapore-listed trust. But it warned that supply chain issues could still affect performance...
GSI wins more 16,000 teu newbuilds linked to MSC A total of 17 scrubber-fitted 16,000 teu newbuildings have been ordered and linked to MSC since March, as the world's...
Box volume growth outpacing terminal development Container terminals have survived the pandemic and are beginning to invest again. But a lack of greenfield development means the...
Wind turbine installation vessel tilts off southern China The vessel was serving a wind farm project run by China General Nuclear Power Corp when the incident happened
Dry bulk market to witness best cyclical expansionary phase since 1741 Analysts agree that fleet growth will be minimal through to at least 2023 because of regulatory uncertainty, limited access to...
Daily Briefing Paying lip service to casualty investigations is risking lives | WHO pushes for seafarers to be a priority for vaccines...
JAXPORT's container and vehicle volumes 'strong' fiscal year-to-date JAXPORT saw a 15% increase in container volume and a 20% growth in vehicle volumes for the first three quarters of its 2021 fiscal year,...
If coal is dead, then why are ships so full of it? Good news for dry bulk shipping stocks, bad news for decarbonization: The global coal trade is thriving.
Typhoon In-Fa slows air, ocean exports from China Shanghai, the largest container port in the world, has stopped operations because of a big storm.
Port of Corpus Christi reports record tonnage for LNG, agricultural goods Exports of liquefied natural gas, agricultural commodities and crude oil led the way during first half of 2021.
FreightWaves Flashback: World ports reach 201 million TEUs 2000: World container port throughput increased 7.8% last year to about 201 million TEUs - the first time volume exceeded 200 million TEUs.
Kinder Morgan's Elba Liquefaction receives highest gas deliveries since July 1 Feedgas demand at Kinder Morgan's Elba Liquefaction terminal in Georgia reached its highest level in three weeks July 23, as strong international prices spur high utilization at US export terminals.
Haynesville production surge looms as drilling, well completions accelerate Drilling activity in the Haynesville Shale has picked up recently to levels not seen since late 2019 as producers there prepare for growth supported by strong gas prices and improving rates of return.
OIL FUTURES: Crude searches for direction amid delta spread, tightening supply outlook Crude oil futures finished a directionless session mixed July 26 as the market consolidated ahead of a week laden with corporate earnings and economic indicator releases.
Asia octane: Key market indicators for July 26-30 Headwinds abound for Asian blendstock markets in the trading week to July 30 as high regional naphtha and toluene prices keep end-users and blenders on the sidelines.
SoCalGas shoots for $1.50/kg green hydrogen in Los Angeles basin by 2030 Southern California Gas Company said July 26 that it has launched an initiative to develop a green hydrogen ecosystem to achieve at-scale procurement of green hydrogen at in the Los Angeles basin by 2030.
EMEA LIGHT ENDS: Key market indicators Strength in the light ends complex continues as demand for gasoline exports emerges and supply tightness persists.
EMEA Middle Distillates: Key market indicators European distillates markets looked a touch firmer amid increased demand for ULSD and jet in Europe overall and tighter supply in the Mediterranean for all products.
Global airline capacity dips 1.3% on week: OAG Global scheduled airline capacity for the week starting July 26 slipped 1.3% week on week from a 15-month high to 81.7 million seats, dragged down by a new plunge in Southeast Asia capacity and fall in Northeast Asia, according to aviation data company OAG.
Asia light ends: Key market indicators for July 26-30 The direction of Asia's light ends markets was mixed in mid-morning trade July 26, with gasoline driven up by a stronger US RBOB-Brent crack; though this may be balanced by ample Chinese exports in August.
Asia middle distillates: Key market indicators for July 26-30 Asian middle distillate markets are entering the July 26-30 trading week on a steady-to-firmer note, with tightening gasoil supply balances shifting the sector toward firmer ground, while demand for jet fuel/kerosene continues to face headwinds amid a spike in COVID-19 cases in the region.
Ryanair hikes passenger traffic forecast but says visibility for 2021/22 close to zero Irish airline Ryanair, Europe's biggest carrier and a proxy for jet fuel demand, has revised slightly upwards its passenger traffic expectations for its 2021/22 year as restrictions for vaccinated travelers ease, but remains highly cautious over the outlook for the coming months.
AMERICAS BUNKERS: Key market indicators July 26-30 Pricing for retail marine bunkers entered the week beginning July 26 on a firmer foot but facing an uncertain oil complex, which could see effects on demand from a resurgent global spread of the coronavirus and lower Chinese demand.
EMEA Octanes: Key market indicators Improving gasoline demand in Europe and export markets will support blendstock demand for naphtha and butane, while high octane components will also see strength from the bullish gasoline complex.
Air Products to decarbonize global truck fleet with Cummins hydrogen fuel cells Chemicals company and leading hydrogen producer Air Products plans to decarbonize its fleet of around 2,000 trucks with hydrogen fuel cell technology from Cummins, starting from 2022, the companies said July 26.
Asia residual fuels: Key market indicators for July 26-30 Tightening supplies of the upstream Singapore marine fuel 0.5%S cargo coupled with healthy demand for the downstream end user bunker grade has bolstered market optimism.
EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators Demand for 0.5%S fuel continues to be slow in bunker markets. Availability remains good across all ports, with the exception of Rotterdam where tightness remains across 0.5%S.
CHINA DATA: June transport fuel output rises 8% on year to 30.55 million mt On a month-on-month basis, production of transport fuels was up 2.7% from June 2021.
MARKET MOVERS ASIA VIDEO: Flooding, heat wave impact trade flows in China, parts of northeast Asia Heat wave pushes up power demand in NE Asia
ITALY DATA: June oil product demand up 17% on year at 4.9 mil mt: Unem Oil product demand was down by 3.7%, or by 189,000 mt, compared with the 5.1 million mt of June 2019, Unem said in the statement.
Saudi Aramco's capacity expansion underway: sources Aramco first announced the plan to expand the kingdom's capacity early last year. During the grandstanding that ensued the collapse of the OPEC+ production cut negotiations in March 2020, Saudi's Ministry of Energy announced it will increase its maximum sustained capacity from 12 million b/d to 13 million b/d.
Singapore-Fujairah delivered 0.5% sulfur marine fuel spread hits 5 month high Industry sources at the Middle Eastern bunkering hub said that demand for Fujairah delivered marine fuel 0.5%S was reasonable with a good flow of inquiries prior to the Eid festive holiday.
S Korea marine fuel 0.5%S bunker premium hits three-month low on oversupply South Korean bunker market is oversupplied due to weak demand and a rise in production, bunker traders said.
UK hydrogen blending for public gas grid trial gets go-ahead Existing gas appliances are designed to operate with a blend of up to 23% hydrogen, Northern Gas Networks said.
REFINERY NEWS: Iran's Isfahan starts works on distillation unit 1 The works will involve about 1,300 contractors, he said.
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