VIDEO: Seventh section of Golden Ray wreck removed And then there was one. The St. Simons Sound Incident Response reports that responders removed Section Five of the wreck of the capsized car carrier Golden Ray on Sunday. Now, after a
New York City bets big on offshore wind With New York City committed to 100% clean electricity by 2040 and carbon neutrality by 2050, it sees offshore wind as vital to the required shift to renewable energy from many sources.
USACE awards $139 million Corpus Christi Phase 3 contract The U.S. Army Corps of Engineers (USACE) on Friday awarded a $139 million construction contract to Great Lakes Dredge & Dock Company, LLC. (GLDD), to complete the third phase of the landmark
Master Boat Builders lays keels of first of four ASD tugs Coden, Ala., based shipbuilder Master Boat Builders has laid the keels of the first two of a quartet of 85-foot, Robert Allan Ltd. RApport ASD tugs that it has on order for
JAX LNG and TOTE complete first renewable LNG bunkering in U.S. JAX LNG, a small-scale LNG facility located along the St. John's River in Jacksonville, Fla., recently completed the first fueling of a marine vessel in the United States with a blend of
Great Lakes shipyards are bustling By Jonathan Barnes, Marine Log Contributor Around the Great Lakes region, shipyards are busy. The need for vessels, maintenance and retrofits, and necessary infrastructure improvements, have led to a hike in activity
New NOAA cat features Furuno electronics The new National Oceanic and Atmospheric Administration (NOAA) research vessel recently launched by All American Marine features a full suite of Furuno marine electronics. Designated to serve the Olympic Coast National Marine
Political pledges require detailed decarbonisation delivery Quad nations commitment to a green shipping network can be classed as political rhetoric rather than detailed diplomatic action plan...
New Zealand port to test new cranes with largest bulker call The 92,759 dwt post-panamax Clemens Oldendorff has been fixed to load the logs at the end of October or early...
The week in charts: China congestion boosts bulker rates | Counting the cost of the EU's carbon bill | Box rates stabilise Bulker freight rates have skyrocketed with congestion at Chinese anchorages showing little sign of easing, while new research highlights the...
Tanker futures show freight rate rally on hold Fourth quarter of the year contract valued at 18% higher than loss-making spot rate on key crude export route
Seaspan confirms 10-ship 7,000 teu order Demand for mid-sized containerships is increasing. The latest order, thought to be on behalf of ONE, will use traditional propulsion
Box freight rates plateau ahead of Golden Week Freight markets are showing signs of hitting a limit in terms of increases. Moves by carriers to cap further rates...
Capesize rates continue to soar Bullish sentiment over dry bulk continues to dominate, prompting several owners to remain exposed to the spot market, although seeking...
Bulker owners say low supply growth bodes well for rates Owners remain unfazed by the Evergrande situation as a potential slowdown in China would be offset by growth in the...
Boxship orderbook hits record high with 5.6m teu in pipeline As a percentage of the existing fleet, the orderbook looks relatively restrained. But the contracted order this year has already...
Daily Briefing Shipping can help Britain keep the radiators on | FMC chairman urges ocean carriers to improve their public relations |...
Tanker market may gain from LNG's price pain If oil demand continues to find support from firm gas prices, tanker owners can expect to benefit from increased oil...
Power crisis deepens in Asia and Europe: What it means to shipping As some Chinese factories go dark, more delays for container imports but bullish sign for coal, LNG and oil shipping.
Rent-a-ship: Costco hires vessels for urgent deliveries Costco is going boating. Unwilling to wait for space on commercial vessels, it is now renting its own ships to haul exports from Asia.
Japan set for cold weather Dec-Feb, supporting gas, power, oil demand The winter weather forecast for Japan, released Sept. 24 by the Japan Meteorological Agency, showed that most regions are forecast to experience either a 30-year-average, or below average, temperatures over December-February, in a sign that the country's winter gas, power and oil demand are likely to be supported during peak demand months.
ADNOC raising over $1.1 billion from drilling unit IPO; to list on local exchange Oct 3 Abu Dhabi National Oil Co. has completed the book-building process for the initial public offering of its drilling unit, raising more than $1.1 billion in the company's second flotation of a subsidiary.
UK's Stanlow refinery owner Essar says confident on recovery, tax discussion The owner of the UK's 205,000 b/d Stanlow refinery, Essar, expects to agree a "short extension" with tax authorities on value added tax payment arrears, while it remains "confident in its future," with liquidity and the business environment improving, it said Sept. 27.
OIL FUTURES: Crude prices continue to surge on tight supply, growing demand 0600 GMT: Crude oil futures moved higher during mid-afternoon trade in Asia Sept. 27 as the market braces for a Northern Hemisphere winter supply crunch amid recovering global demand.
South Sudan's oil exports resume after protesters disrupt pipeline flows South Sudan's crude exports resumed on Sept. 27 after a deal was reached with the protesters who had caused disruptions last week, the South Sudanese information minister Michael Makuei Lueth said.
Medium heavy sweet crude cash differentials seen robust on month: traders Market participants in the Asia Pacific sweet crude markets saw cash differentials across grades in the medium heavy complex maintaining their upbeat momentum amid rising product cracks on the month, traders told S&P Global Platts Sept. 27.
USGC medium sour crude differentials soften as production, imports rise after Hurricane Ida US Gulf Coast medium sour crude differentials to Cushing WTI have softened over the past two weeks, as supply of competitive grades has increased, compensating for the continued loss of Shell's Mars corridor production following Hurricane Ida's disruptions that began in late August.
UK sees fuel demand returning to normal in 'days' after panic buying drains pumps The UK government said Sept. 27 it expects demand for road fuels to return to normal levels within days as refiners and fuel retailers struggled to restock Britain's fuel stations, most of which were emptied by panic buying over a lack of of drivers to resupply all pumps.
AMERICAS BUNKERS: Key market indicators Sept. 27-Oct. 1 Spot marine fuel markets throughout the Americas entered the week Sept. 27-Oct. 1 riding a bullish wave tied to the US crude complex, with weak demand fundamentals persisting for many ports and keeping gains in check.
OIL FUTURES: Brent approaches $80/b mark on potential gas-fuel switching, tightened supply Crude oil futures were trading higher during the afternoon trading in Europe Sept. 27, as tightening supply and record natural gas prices push Brent towards $80/b.
Medium, heavy sour crudes still under pressure in Sep even as Middle East light grades recover Medium and heavy sour crude oil from Bahrain and Iraq are still under pressure in September due to weak demand, even as lighter crude grades from the Middle East staged a late-cycle recovery, market sources said Sept. 27.
Germany Uniper looks to Middle East for more hydrogen supplies In July, the company said it was negotiating with Oman for an exclusive offtake agreement for green ammonia.
Platts launches European methanol bunker fuel price assessments Additionally, Platts publishes methanol bunker fuel calculations converted to LNG and oil energy content equivalents, enabling comparison with other marine fuels, using the following factors to convert the methanol price from metric tons:
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators FOB Rotterdam 0.5%S marine fuel barges were assessed at $531.25/mt on Sept. 24, up $14.00/mt week on week.
APPEC: Colombia's Ecopetrol to expand heavy crude marketing in Asia with carbon offset ambition Highly sophisticated South Korean refineries are capable of processing heavy and extra heavy crude oil at maximum efficiency and minimal GHG emissions after rigorous plant upgrades over the past few years, according to industry sources and market analysts based in Seoul.
APPEC: Indian Oil Corp paints future refining landscape with a shade of green India needs to add at least 100 million mt/year refinery capacity to its current 250 million mt annual capacity by 2030, despite the global push towards cleaner fuels, Vaidya said.
APPEC: New energy won't dilute Vitol's razor-sharp focus on oil, gas - CEO Commenting on the outlook for gas markets, Hardy said dwindling gas inventories had taken prices to levels which is making it difficult to manage supply chains for industries, such as fertilizers and chemicals.
Asia residual fuels: Key market indicators for Sept 27-Oct 1 Inquiries for October delivered marine fuel 0.5%S requirements have already started trickling in, while demand for September requirements has dried up, industry sources said during the week ended Sept. 25.
Asia crude oil: Key market indicators for Sep 27-Oct 1 Spot trade was limited amid festive holidays in parts of Asia while most buyers were heard to have wrapped their crude procurement for the month.
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