FERRIES 2021: Panel on ferry design will highlight latest trends and projects "The ferry industry is poised to rebound in 2022." That's the theme of this year's Marine Log FERRIES conference set to be presented November 9-10 on the New York Harbor waterfront in
South Fork Wind substation will be first to be built in the U.S.A. Joint development partners Ørsted and Eversource have selected Kiewit Offshore Services Ltd., the largest offshore industry fabricator in the U.S., to design and build the substation for the 132-megawatt South Fork Wind
U.S. complies with court order on oil and gas leases The Department of the Interior reports that the U.S. has appealed a preliminary injunction entered by the district court in Louisiana that enjoined the department of the Interior from implementing the pause
NTSB issues report on fatal double towboat collision The lack of accurate tow size information and two pilots' insufficient radio communication led to a fatal collision between two towboats in the Lower Mississippi River near Destrehan, La., according to a
Navios to merge tanker and bulker companies In what Chairwoman and CEO Angeliki Frangou calls a "transformative transaction," dry bulk specialist Navios Maritime Partners L.P. (NYSE: NMM) and tanker specialist Navios Maritime Acquisition Corp. (NYSE:NNA), are to combine. "The
FERRIES 2021 to meet in NYC area in November Marine Log partners with Passenger Vessel Association to plan first ferry event in 18 months Set to take place at the Hyatt Regency Jersey City on the Hudson, November 9-10 in Jersey
Port NOLA container terminal project moves ahead As part of the multi-year due diligence and permitting process for the new Louisiana International Terminal (LIT) container facility in St. Bernard Parish, La., the Board of Commissioners of the Port of
CMA CGM expects strong second half will last into next year Pressure on supply chains is set to persist, increasing earnings. Ceva integration is leading to improved logistics earnings
Hull claims rise in line with shipping's post-pandemic recovery Frequency of total losses stable in what is possibly minimum achievable range, Nordic marine insurers say
What is renewable methanol, and how does it work? Maersk has ordered eight new methanol-fuelled containerships, in a statement meant to kickstart the production of renewable methanol. But what...
BPA rings alarm on UK supply chain problems The BPA has told the UK government that the lack of haulage capacity has contributed to inefficiencies and there are...
Euronav to explore options for maturing bond issue Bond market conditions are 'favourable right now and we have a strong balance sheet', says Euronav's head of investor relations
Maersk is taking welcome gamble on carbon-neutral boxships The scale of this billion-dollar-plus order signifies real commitment to sustainability. Others, please note
Box shipping: It's not for everyone Walmart and Home Depot have announced plans to ship their own containers. But the economics are dodgy and chartering tonnage...
Cosco port unit eyes greater market share A senior executive said the Hamburg terminal investment is expected to finalise in the short term. But the company's primary...
Daily Briefing Iran and Venezuela crude shipments distorting global oil trade, says Frontline | Tanker owner says allegations linked to Cambodian oil...
The Lloyd's List Podcast: Why the container crunch is going to get worse before it gets better Spoiler alert - the container crunch is going to get worse before it gets better. With the seasonal surge in...
Navios Partners agrees merger with Navios tanker arm 'We believe that this combination will result in a stronger, more resilient entity, mitigating sector specific cyclicality,' said Angeliki Frangou...
Shipping chaos gives top importers 'massive competitive edge' As stimulus-fueled demand overwhelms trans-Pacific capacity, a widening freight spread leaves small shippers behind.
Biden picks former DOT deputy secretary as port czar The White House is trying to unleash the domestic economy by removing supply chain shackles.
Congestion persists at rail terminals servicing imports U.S. rail terminals that handle imports are still grappling with chassis shortages, although efforts are being made to address overflow at the terminals.
US Gulf Coast HSFO highest since July 2019 as Hurricane Ida approaches High sulfur fuel oil on the US Gulf Coast reached its highest assessed level in more than two years Aug. 27, as forecasts predicted Hurricane Ida's landfall along the coast of Louisiana.
Singapore front-month gasoil EFS hits 17-month low amid rising COVID-19 cases The Singapore front-month gasoil Exchange of Futures for Swaps fell to a 17-month low, with traders saying that the widening has come on the back of weak demand in the Asian market.
EUROPEAN VGO: Six vessels load in week to Aug. 27 Loadings of European vacuum gasoil in the week to Aug. 27 totaled 382,000 mt across six tankers, up from 156,395 mt in the previous week, according to data from Platts cFlow, trade-flow analytics software, and commodity data company Kpler.
ICE low sulfur gasoil prompt spread flips to backwardation on robust demand The prompt spread in ICE low sulfur gasoil futures flipped to a 25 cents/mt backwardation Aug. 27 - a six-month high - from a 50 cents/mt contango the previous day, with robust demand reported in the Northwest European ultra low sulfur diesel market.
OIL FUTURES: Crude prices climb as Hurricane Ida threatens US Gulf energy infrastructure Crude futures rallied Aug. 27 as US Gulf oil and gas infrastructure braced for Hurricane Ida, which is expected to make landfall in the US as a major hurricane Aug. 29.
Producers shut in oil, gas output as Hurricane Ida moves toward US Gulf Coast Upstream producers widely began shutting in oil and gas production from the US Gulf of Mexico Aug. 27 following preliminary evacuations of nonessential crews a day earlier as Hurricane Ida advanced toward the Gulf Coast - a major refining and processing center.
BRAZIL DATA: Biodiesel production in July falls year-on-year on lower blending **Mandate remains at 10% vs. 13% **Biofuel blend in place until August
EU carbon prices power up to new all-time high **Prices top Eur59/mt on strength in wider energy complex, investor interest **Tight primary supply supports prices in week to Aug 27
ARA fuel oil stocks down 4.0% on week at 1.202 million mt: Insights Global **Bunker demand down on week **HSFO availability remains limited
OIL FUTURES: Crude rises on supply worries as hurricane season begins in Gulf of Mexico Crude bulls have seized on the Chinese government's latest measures to contain the spread of the coronavirus delta variant.
BUNKERWORLD INDEX: Falling crude stocks set the tone amid tightness in regional bunker markets **South Korea bracing for reduced VLSFO supply **Weak EMEA demand but HSFO tightness in Med **Latin American bunkers buffeted by crude volatility
Crude tanker market to see low freight rates into 2022 with large fleet set to linger **High costs to replace big vessels with low average age **Dirty tanker fleet to grow until mid-decade: Platts Analytics **Platts freight rates for key routes below 2019 levels
Container ships waiting for berth at Ports of LA, Long Beach near record high **Queue of ships offshore California nears all-time high level of 40 **Buildup ties up more boxes, causing further logistics headaches
SINGAPORE DATA: Residue stocks hit over 5-month low on week even as fuel oil imports rise The drop in residue stocks coincided with an uptick in fuel oil imports, and a decline in fuel oil exports, over the same period, according to the data.
Japan scaling up liquefied hydrogen supply chain with government funding "We plan to demonstrate receiving liquefied hydrogen from abroad in the late 2020s," ENEOS' Maeda said.
Japan's JERA to switch 30% LNG use to hydrogen at a gas-fired plant in FY 2025-26 During the pilot project to March 2026 from October, JERA will switch a part of its LNG use to hydrogen.
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