Cashman completes Boston Harbor Phase II dredging almost one year ahead of schedule New England's busiest port is closer to welcoming larger containerships and growing the regional economy with the completion of Phase II of the U.S. Army Corps' Boston Harbor Navigation Improvement Project by
Sea Machines promotes Phil Bourque Autonomous command and remote-helm control systems specialist Sea Machines Robotics has promoted Phil Bourque to the role of business development and sales director, U.S. Government In his new position, Bourque will primarily
Chouest Jones Act SOV will be ABS classed The Jones Act offshore wind farm service operation vessel (SOV) that Edison Chouest Offshore (ECO) is building to operate on long term charter to Ørsted and Eversource will be classed by ABS.
Great Lakes Dredge & Dock makes key offshore wind appointment Marking its latest push into the sector, Great Lakes Dredge & Dock Co. (NASDAQ: GLDD), has appointed Eleni Beyko as senior vice president offshore wind. Beyko, who started at GLDD on January
Poseidon Barge awarded $8.3 million USACE contract mod The U.S. Army Corps of Engineers has awarded Poseidon Barge Ltd., Berne, Ind., an $8,379,000 modification to contract W912BU-19-P-0051 for the purchase of and modification to the structure of pontoons. Work will
Tidewater in fleet-wide roll-out of Inmarsat Fleet Xpress An agreement with mobile satellite communications leader Inmarsat has seen offshore services major Tidewater Inc. advance its digitalization strategy by upgrading the majority of its active fleet to the Fleet Xpress mobile
Ships at anchor upset clean air plans at Southern California ports While ships at berth are subject to the ports' emissions controls, those at anchor are not - they come under...
Asia is next big growth market for offshore wind Taiwan's 640-megawatt Yunlin project should start up this year, according to Rystad Energy, with several other wind farms following in...
Kanfer Shipping orders first LNG bunker tankers The firm is reportedly eyeing projects in Asia, Europe and Australasia. Ship-to-ship LNG bunkering demand at key regional choke-points in...
Thailand presses on with trial for LNG trading The major Southeast Asian economy is likely to embark on more arbitrage plays particularly with the excess inventory it has...
Eastern Pacific CO2 emissions report showcase climate change efforts The Singapore-based shipmanager attributes the reduction to fleet renewal, green-tech, operational excellence, and the use of alternative marine fuels. Eastern...
Key worker status should mean vaccines for seafarers, says shipmanager The founder of Synergy Marine said countries should help vaccinate seafarers who call at their ports as a gesture of...
Tankers doldrums underscored as tonne-mile demand shrinks Of the 48.4m bpd of global seaborne oil trade last year, 18m bpd was tracked from the Middle East Gulf...
HMM chief says newbuildings were key to recovery plan HMM's chief executive took over a company that lacked credibility with investors and the industry. A fleet of newbuildings and...
Will Biden era herald a wind of change for offshore farms? While the US market potential is huge, it may take several more years to fully take off as challenges such...
Shipowners lay out conditions for Europe's emissions plan The European Community Shipowners' Associations says it wants a global market-based measure for shipping emissions but also sets out its...
'Asbestos-free' certification does not guarantee safe ships Shipowners risk bans from EU ports, even when genuinely unaware of issues, lawyers warn
Seafarers: On the radar, but not top of the list in virus battle Frederik Kristensen, a specialist in epidemic preparedness, has set out the scale of the pandemic problem and says seafarers might...
Marine tech companies launch shipping telecoms venture New company MAR360 will offer 'complete range of innovative and efficient telecommunication services'
Shipping accepts 'Mission Possible' to tackle emissions Shipping companies are collaborating with aviation, trucking and other industries to decarbonise their sectors, in a new initiative hoping to...
Hapag-Lloyd operating profit exceeds $3bn after strong fourth quarter Hapag-Lloyd's preliminary results are in line with its December guidance. Higher average freight rates and cost-cutting efforts resulted in strong...
SM Line preparing IPO to fund expansion SM Line is now looking to expanding its services in Southeast Asia via the K-Alliance, while planning to establish a...
New Maritime UK chair looks to shake up public perception The maritime sector is sometimes seen 'as being traditional and resistant to change - I'm very keen on reshaping the...
Capesize market cools ahead of Chinese New Year Brokers attribute the slide to an expected seasonal dip in cargo demand ahead of Chinese New Year, cargo cancellations after...
Daily Briefing Free to read: US to seize Iranian oil aboard Marinakis-owned tanker | Hazmat study finds asbestos 'on most ships' |...
Yangzijiang shipbuilding joins venture capital fund Chinese shipbuilder expects the investment to enhance management's expertise in cash redeployment and promote the public interest by facilitating community...
Hapag-Lloyd's earnings 'significantly higher' despite uncertainty of 2020 Hapag-Lloyd credits higher freight rates and lower bunker prices as "the main drivers of these positive business developments."
Trans-Pacific trade crashes into max-capacity ceiling Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.
Strong balance sheet, fed bailout put Alaska Airlines on recovery path Alaska Airlines' parent company is one of the better managed airlines in the industry. Its financial results during a pandemic year show why.
Commentary: Crude oil tankers on hold Short of a conflict in the Middle East and its adjacent shipping lanes, it is hard to see a spike in tanker spot rates in...
Trafigura boss upbeat over trading, investment opportunities in low-carbon world Trafigura, one of the world's biggest independent commodity traders, sees "fantastic" trading and investment opportunities as the world moves to clean, lower-carbon energy and more sustainable economic growth, its CEO Jeremy Weir said Jan. 27.
US crude stocks see largest draw since July as exports surge, imports slow US crude oil inventories moved sharply lower during the week ended Jan. 22 as exports surged and imports tested multimonth lows, US Energy Information Administration data showed Jan. 27.
OIL FUTURES: Crude lacks direction amid US inventory draw, pandemic demand concerns Crude prices lack direction Jan. 27 as the market weighed a bullish US crude draw against pandemic-dimmed demand outlooks.
Shell receives LNG bunker license at Port of Gibraltar Anglo-Dutch energy group Shell said its application for an LNG bunker license at the Port of Gibraltar has been approved.
Brazil's Enauta again shutters Atlanta offshore field after brief restart Brazilian independent oil and natural gas producer Enauta restarted and then nearly immediately shut down production at the offshore Atlanta field because of ongoing issues with subsea heaters, the company said in a statement Jan. 27.
OIL FUTURES: Crude rallies amid larger-than-expected US inventory draw Crude oil futures rallied in midmorning trading Jan. 27 on the heels of a larger-than-expected US inventory draw.
US DATA: EIA says implied US diesel demand rises to more than 10-month high Product supplied of distillate fuel oil -- an implied demand statistic -- in the US rose for the third straight week during the week ended Jan. 22, increasing to a more than 10-month high, showed data released Jan. 27 from the US Energy Information Administration.
Rhine to reach flood level by weekend, stopping barge movements The Rhine was set to reach flood levels in places in the next few days, lifted by heavy rain and snow-melt, which could stop the movement of barges, according to German waterways authority WSV and market sources on Jan. 27.
Emerging market clean energy investment must triple to meet climate goals: IEA's Birol **IEA signs 'strategic partnership' pact with major polluter India **Almost all emissions growth to 2050 to come from emerging countries **IEA to set out plans for emerging market investment boost in May
Global carbon market grows 20% to $272 billion in 2020: Refinitiv **Market shrugs off pandemic to increase further **International climate ambition driving growth in value **More than five-fold expansion since 2017
China's Jan-Feb crude throughput may remain at high levels despite slow demand **Throughput cut in Dec free up product storage **2021 maintenance season kick off in late Feb **Crude inventory rebound in Shandong
REFINERY NEWS ROUNDUP: New refineries to increase Middle East product sales Middle East oil product sales could reach 8 million-9 million b/d by 2023 as new refineries open up in the UAE, Saudi Arabia, Iraq and Oman, Glander International Bunkering senior sourcer Sean Burgin said.
FUJAIRAH DATA: Oil product stocks slide to 8-week low as fuel oil exports soar **Kuwait steps up fuel oil purchases **Middle distillates stocks snap longest losing streak **South Africa took gasoil/diesel as Platts expected
Japan's oil and gas explorer Inpex launches plan for net zero carbon by 2050 **30% or more reduction in net carbon intensity by 2030 **To cut CO2 from upstream, develop hydrogen and renewables **Invest Yen20-30 bil ($193-$289 mil) annually in clean projects
Singapore's Feb LSFO inflow from West seen higher than Jan **2 mil-2.5 mil mt to arrive in Feb, up from 2 mil mt in Jan **Supply tightness seen easing on higher supply
S KOREA DATA: Dec oil product exports drop 18.8% on year amid pandemic South Korea's refined oil product exports in December 2020 dropped 18.8% year on year to 35.7 million barrels, or 1.15 million b/d, in the aftermath of the prolonged coronavirus pandemic, data released by Korea National Oil Corp. showed Jan. 27.
S KOREA DATA: Dec oil products demand fall 11% on coronavirus resurgence South Korea's demand for refined oil products in December 2020 declined 11.1% from a year earlier due to faltering consumption of jet fuel and automotive fuels due to the resurgence of the coronavirus, data released by Korea National Oil Corp. showed Jan. 27.
JAPAN DATA: Oil products output during Jan 17-23 fall 1.3% on week to 18.55 mil barrels Japanese refiners cut their oil products output by 1.3% week on week to 18.55 million barrels over Jan. 17-23, the Petroleum Association of Japan said Jan. 27.
JAPAN DATA: Jan. 17-23 oil product exports jump 50% to 3.45 mil barrels Japan's oil product exports jumped 50% week on week to 3.45 million barrels over Jan. 17-23, led by an increase in gasoline, middle distillates and high sulfur fuel oil exports, data released Jan. 27 by the Petroleum Association of Japan showed.
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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