House Seapower panel set to add second destroyer to Navy budget The House Subcommittee on Seapower and Projection Forces today released its proposals for the FY 2022 National Defense Authorization Act (NDAA). The subcommittee will meet tomorrow for its mark up of the
U.S. ferries carried 131.6 million passengers in 2019 The U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) today released data sets from its 2020 National Census of Ferry Operators (NCFO). Key findings from the 246 ferry operators that responded
MAN engine will be first to power methanol-fueled box ship MAN Energy Solutions has won the order to supply the world's first, low-speed, dual-fuel engine to run on methanol in the container segment. It will power the carbon neutral, methanol fueled 2,100
McAllister to manage LNG bunkering ATB McAllister Towing LNG Services LLC is to be technical manager for the Polaris New Energy LNG bunkering operation in Florida. It will operate the articulated tug barge (ATB) Polaris/Clean Canaveral for Polaris
Coast Guard arrests Maryland fishing boat operator U.S. Coast Guard Fifth District, Annapolis, Md., reports that on July 21 Coast Guard Investigative Service special agents arrested the operator of a charter boat called Fishing Lady for violating a U.S.
Galveston Wharves takes major environmental initiatives Galveston Wharves was last month awarded certification under the Green Marine voluntary environmental program for the North American maritime industry. The Green Marine certification program addresses key environmental issues through 12 performance
GLDD awarded $12 million USACE contract Great Lakes Dredge & Dock Company, Houston, Texas, has been awarded a $12,086,200 firm-fixed-price contract for beach nourishment at the Cape May Inlet. Bids were solicited via the internet with two received.
EMSA commissions studies on alternative fuels and technologies A series of studies commissioned by the European Maritime Safety Agency aims to provide decision makers and stakeholders with an updated and thorough overview of the potential of different sources of power
The Navy is U.S. shipbuilding's largest customer From the July issue of Marine Log magazine There's a reason why the larger U.S. shipbuilders have government relations offices, usually staffed up with a goodly number of retired U.S. Navy admirals.
Refinery dislocation to drive product tanker demand growth, says Ardmore Every 100,000 bpd refinery shift equates to demand for an additional 10 medium range tankers and 0.5% growth in tonne-mile...
Union demands release of Wakashio crew The trade union argues that holding the crew, who have not been charged, is unfair and unjust. They have been...
MAN Energy confirms engine for Maersk's CO2-neutral methanol feedership The 2,100 teu vessel will be built at Hyundai Mipo Dockyards and will be delivered in 2023. It will use...
Competition watchdog appeals Newcastle box terminal ruling Australia's competition watchdog has appealed a Federal Court ruling that dismissed its concerns about 'anti-competitive' compensation deeds, which it says...
Transnet declares force majeure as cyber attack effects unresolved Dozens of vessels heading for key ports may face delays as Transnet is still working to resolve the issues. It...
China port calls slump as typhoon In-fa takes its toll Just 10% of the container vessels that normally call at China's key hubs berthed during the past week. The focus...
MSC joins feasibility study for hydrogen-powered cruiseship The three companies will collaborate over the next year to study how viable and efficient an oceangoing cruiseship powered by...
APMT offers alternative to west coast rail congestion Shipments are backing up again as US rail services face delays. APMT says its small terminal in Mobile, Alabama can...
Beazley interims confirm hardening marine rates Beazley sees higher turnover in its marine division, generating a divisional operating profit of $43.1m versus $8.1m last time round
Grindrod Shipping takes full control of IVS Bulk venture The $46.3m deal is being funded through cash on hand and proceeds received from the redemption of preference shares
Europe's box hubs back to pre-pandemic volumes Despite congestion in the supply chain, northern Europe's leading container hubs have begun to show growth on 2019 levels following...
Bullying hotline for seafarers sees surge in calls Seafarers have traditionally been reluctant to engage with mental health issues, so this report from Mental Health Support Services suggests...
MOL to develop deck cranes as sails The project aims to reduce greenhouse gas emissions from vessels by unfurling a sail on the ship infrastructure, such as...
Daily Briefing Final Wakashio report held up one year after disaster | Dry bulk market to witness best cyclical expansionary phase since...
PSA sells 20% stake in Thai terminal operator Eastern Sea Laem Chabang Terminal Co handled around 2m teu, amounting to about 20% of the total processed through Laem...
Canada border officers vote to strike, warn of supply chain disruption The union representing thousands of Canada Border Services Agency personnel warns of "significant disruption to the flow of goods" if its members go on strike.
Containers are being built at a record pace. It's still not enough Despite all-time-high container production, demand continues to outpace supply and new box prices keep rising.
Port of New Orleans sees 22% bump in breakbulk cargo The Port of New Orleans recently discharged an international shipment of steel coils from Taiwan to the Port of Caddo-Bossier in Shreveport.
With $2.5M funding, Freightify eyes expansion into US, Europe White-label platform raises $2.5 million to bring real-time, guaranteed container rates to global shippers of all sizes.
Amid freight congestion, Matson launches fast-boat service to Oakland Matson is adding a seasonal express service to help deal with the upcoming peak shipping season from China. But will it help with freight transportation...
OIL FUTURES: Crude slide extends as market eyes US inventory data, delta variant Crude oil futures settled lower July 27 as traders looked to upcoming US inventory and economic data for signs of next direction against a backdrop of rising coronavirus infections around the world.
Europe rivals Asia for US naphtha cargoes amid short supply Tight supply for naphtha in both Asia and Europe has seen a tug of war between the regions for US-origin cargoes, resulting in US naphtha shipments to Europe reaching a multi-year high for July arrivals while diminishing supplies to Asia.
Oil demand recovery, supply outlook favorable for clean tankers: Ardmore The product tanker market fell into low earnings at the start of the third quarter, following typical seasonality, but forecasts of rebounding oil demand by the end of 2021 and longer-term tanker supply dynamics have given clean tanker owners a bullish outlook, Ardmore Shipping CFO Paul Tivnan, said July 27 in the company's Q2 earnings call.
Gasoil Med-NWE cargo spread widest since Dec on divergent fundamentals The differential between 0.1% gasoil cargo markets in the Mediterranean and Northwest Europe reached a seven-month high, as an improved outlook in the former outpaced subdued fundamentals in the latter.
Argentina's YPF launching first shale oil pilot project in Mendoza YPF, the biggest oil producer and second for natural gas in Argentina, said late July 26 that it is launching its first shale pilot project in Mendoza -- a western province at the northern end of the Vaca Muerta shale play -- and is seeking to squeeze more out of maturing conventional reserves.
AUSTRALIA DATA: May gasoline, kerosene, jet fuel imports fall on tepid demand Australia's oil products imports mostly fell in May, with gasoline, kerosene and jet fuel showing a sharp decline on the month as demand slowed after parts of the country grappled with COVID-19 lockdowns.
NWE jet fuel cargoes hit 17-month high versus ICE LSGO on August demand Cargoes of jet fuel trading in Northwest Europe strengthened on July 26 to their highest level since February 2020, as supply tightened slightly amid increased demand and lower-than-expected arrival volumes from East of Suez.
Singapore jet fuel M1/M2 contango time spread narrows to 11-week high on travel optimism The Singapore front-month August-September jet fuel/kerosene contango time spread narrowed to a 11-week high July 26, spurred by travel optimism in the downstream aviation sector, industry sources said.
JetBlue Airways stitches sustainability into its growth strategy As JetBlue Airways works to recover from lower air travel demand resulting from the coronavirus pandemic, it seeks to optimize operations by adding international flights, creating alliances with bigger airlines, and bolstering its commitment to energy transition.
Weaker Chinese demand makes Atlantic Basin crude sellers look elsewhere Chinese refiners are not importing as much crude oil. Poor arbitrage economics, surging outright prices, and pressure on the independent refining sector have reduced the country's demand for long-haul Atlantic basin barrels in recent trading cycles, forcing sellers of these grades to discount and look elsewhere, according to market participants.
OIL FUTURES: Crude comes under pressure as delta spread clouds outlooks Crude futures edged lower in midday trading July 27 as the market weighed tightening supply outlooks against pandemic-driven demand growth concerns.
Japan's ENEOS to cut weekly wholesale oil product prices by Yen 1,000/kl: sources For gasoil, the rack price in Chiba was assessed at Yen 67,700/kl, down Yen 600/kl week on week, according to Platts data.
Asia, Europe lead hydrogen demand-side development: World Energy Council The focus in Asia is largely for hydrogen as a liquid fuel in the form of ammonia, as well as a fuel for shipping and road transport, the World Energy Council said in a report July 27, published with PwC and the US Electric Power Research Institute.
OIL FUTURES: Crude prices rise on stronger demand outlook At 11:10 AM London time (1010 GMT), the ICE September Brent futures contract rose 24 cents/b (0.32%) from the previous close to $74.74/b, while the NYMEX September light sweet crude contract rose 10 cents/b (0.14%) to $72.01 /b.
Air Liquide to supply hydrogen liquefaction plant for S Korea's SK E&S In the downstream market, Air Liquide had already supplied eight hydrogen refueling stations in South Korea with more to be commissioned soon, the company said.
Tokyo Bay bunker barge schedules to tighten amid typhoon: sources Eneos Kashima refinery suspended its waterborne shipments, according to the source.
China's crude throughput to fall in July on independent refiner cuts, quota limits Most PetroChina refineries are located in northeast and northwest China neighboring oil blocks, which are also relatively less developed compared with centers in southern and eastern China.
REFINERY NEWS: Russia's Omsk completes construction of delayed coker Separately, the refinery started a project to upgrade the AVT-10 primary processing complex, which has a capacity of 8.6 million mt/year. The project is due to be completed by the end of 2021.
Fujairah bunker sales seen capped on shortage of barges to meet surging demand This market has been on considerable rebound as of late, a Fujairah-based bunker supplier said.
OIL FUTURES: Crude oil slumps on demand risks Demand concerns, underpinned by surging COVID-19 infections, and travel restrictions coupled with flooding in China and Europe, has weakened oil prices, sources said.
KPI OceanConnect launches Alternative Fuels and Special Projects division Bill Wakeling will lead the new division, the company said.
FOB Singapore 180 CST HSFO market to remain strong in Q3 on power demand: traders The recent round of gains in the cash differential was due to the pricing period coinciding with the delivery period for cargoes to Pakistan's and South Korea's utilities sectors, a trader said.
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