VIDEO: MHI and TotalEnergies in liquefied CO2 carrier project With increasing attention being paid to carbon capture as means of combating climate change, the question that arises is "what do you do with the carbon, once it's captured?" Whatever its destination,
Meredith Berger named temporary Under Secretary of the Navy When last we reported on Meredith Berger, she was swinging a bottle of bubbly at Ingalls Shipbuilding to christen LPD 28 Fort Lauderdale. Yesterday, she was designated as performing the duties of
MHO-Co takes delivery of advanced hybrid CTV duo China's AFAI Southern Shipyard has delivered two Incat Crowther designed hybrid crew transfer vessels to Esbjerg, Denmark, headquartered MHO-Co. Measuring 34.4 meters in length overall and with an 11 meter beam, the
Huntington Ingalls celebrates ceremonial first cut of steel for CVN 81 Huntington Ingalls Industries (NYSE:HII) hosted a ceremonial event today at its Newport News Shipbuilding division that marked the first construction milestone in the life of the aircraft carrier Doris Miller (CVN 81).
Salvors appointed for Navios bulker grounded in Maldives Timing of the salvage of the Panama-flagged bulker is dependent on weather conditions, company representative says. Two Sri Lankan tugs are...
Zeaborn and Harper Petersen linked to Hamburg probe Controversy regarding shipbreaking practices in south Asia form part of a key test case before the English courts
BW LPG to retrofit six very large gas carriers with LPG propulsion With $45m in financing secured for retrofitting the six vessels, BW LPG will have 14 vessels on the water powered...
Golden Ocean focuses on spot market as rates soar Norwegian company says that in the short term, port and supply chain inefficiencies will continue to result in rate volatility...
Braemar 'insulated' from impact of pandemic by growth strategy 'Trading has been good across all three of the group's divisions and the breadth of the group's business model, the...
Sovcomflot boosted by industrial shipping focus Vessels deployed from government-backed Arctic oil and gas projects contributed nearly half of service revenues in first half
Tanker owner says allegations linked to Cambodian oil are 'wrong' Tanker owner suggested the misfortune was triggered by a bankrupt charterer, whose default on hire forced the vessel to leave...
New York Shipping Exchange boosts funding to expand services After expanding to Europe, enforceable contract platform NYSHEX is looking to build up services. New funding will help it develop...
Iran and Venezuela crude shipments distorting global oil trade, says Frontline Most of global tanker fleet is earning unsustainable, negative rates as sanctions-busting shipments scale up
Daily Briefing Strong dry bulk market hinders scrapping | Erck Rickmers among owners linked to Hamburg breaking probe | Ningbo government unlocks...
China Merchants sees tanker recovery as a 'high probability' Positive factors for oil shipping markets include refineries in Asia-Pacific restoring production following overhauls, more large integrated refining and chemical...
Mazda shuts down plants as cargo flights from Shanghai dry up With limited manpower because of COVID, the main cargo terminal at Shanghai airport can't process many freighter flights.
DUTCH DATA: Rotterdam HSFO bunker volumes up 16% on year as Hi-5 supportive Total fuel oil volumes bunkered at the Port of Rotterdam in Q2 grew 7% on the year to 1.903 million, with 3.5% sulfur fuel oil increasing its share amid a steady 0.5%/3.5% sulfur fuel oil price spread, the latest data from the port authority showed.
ARA diesel, gasoil stocks fall 2% on week to 2.063 mil mt as backwardation looms: Insights Global Stocks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp hub fell 1.99% to 2.063 million mt in the week to Aug. 26, reversing the unexpected 0.62% build in stocks the previous week, according to data from Insights Global.
OIL FUTURES: Crude rally fizzles as market consolidates ahead of key US Federal Reserve meeting Crude oil futures settled lower Aug. 26 as traders booked profits ahead of the US Federal Reserve's Jackson Hole Symposium.
Mexico liquefaction project boosters urged to seize moment amid Platts JKM bull run A fourfold jump in spot Asian LNG prices over 12 months has created a window for developers of new liquefaction projects on Mexico's Pacific Coast to build commercial support.
OIL FUTURES: Crude retreats on profit taking, stronger US dollar **US Federal Reserve symposium begins **US Dollar snaps 3-day down streak **Tropical Depression Nine takes aim at US Gulf
REFINERY NEWS: Greece's Hellenic reports 103% utilization in Q2 Hellenic reported record exports of 2.7 million mt in the quarter, accounting for 67% of all sales.
OIL FUTURES: Crude falls despite bullish EIA report; traders focused on macro weakness "Markets have been incredibly synchronized lately across asset classes -- equities, credit and commodities have all moved together. It's hard to say whether today's price fall is oil-driven or macro-driven," said Bjarne Schieldrop, chief commodities analyst at SEB.
Norway's Frontline posts loss in Q2 amid weaker tanker market CEO Lars H. Barstad said the tanker markets remained challenging throughout Q2 2021, even though most energy related commodities and shipping markets saw demand and prices strengthen.
US Gulf Coast HSFO nears one-month high on rising Brent, swaps On the very low sulfur marine fuel side, prices climbed to three-week highs.
Sept premiums for Singapore ex-wharf marine fuel 0.5%S rise amid limited blendstock availability The premiums for the supply of Singapore ex-wharf marine fuel 0.5%S bunker on a term contract basis for September dates have firmed up in August on the back of restricted supply of blending components and strong cargo premiums.
CHINA DATA: July fuel oil exports jump 51% on year on healthy bonded bunkering demand **July fuel oil imports surge 122% on year to 1.37 million mt **January-July fuel oil exports soar 50% on year to 11.7 million mt
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