Alabama Shipyard wins $8.7 million MSC contract Alabama Shipyard LLC, Mobile, Ala., has been awarded an $8,698,054 firm-fixed-price contract for a 75-calendar day shipyard availability for the mid-term availability of the Military Sealift Command (MSC) fleet replenishment oiler USNS
Edda Wind takes delivery of hydrogen-ready CSOV Haugesund, Norway, headquartered offshore wind service company Edda Wind (OSL:EWIND) reports that it has taken delivery of its first CSOV, the hydrogen-ready Edda Breeze. The vessel is the first to be delivered
Svitzer aims to be fully carbon neutral by 2040 Leading towage operator Svitzer, which operates 435 vessels in 32 countries, today unveiled a decarbonization strategy that aims to see the company become fully carbon neutral by 2040. The two-stage strategy will
Inmarsat solution helps owners meet MLC crew connectivity mandate Among eight significant just-agreed amendments to the ILO's Maritime Labor Convention 2006 (MLC) is one that makes providing onboard crew connectivity a requirement for ship owners. The new MLC amendments come at
APC wins two more chemical tanker coating contracts Cleveland, Ohio, based Advanced Polymer Coatings (APC) has won a new deal to supply tank coatings for two new chemical tankers being built in Turkey. The company's Turkish division is set to
Daily Briefing EU confirms ban on insuring Russian ships | EU agrees to ban most Russian oil imports | Where will green...
EU confirms ban on insuring Russian ships Details finally due this week, but unveiled by president of the European Commission Ursula von der Leyen last night, could...
Container contract rates continue to climb May saw the highest-yet monthly increase as the cost of locking in container shipments soared by 30%, making life for...
Marco Polo Marine eyes growth in windfarm sector Marco Polo Marine chief executive Sean Lee says the availability of crews and financing are some of the challenges facing...
P&O Ferries loses government contract as trade union slams owner Home Office confirms agreement to provide travel services for immigration and customs personnel has been terminated. At the same time...
Evergreen Marine adopts capital reduction amid renewed succession battle The spat over the company's financial decision is seen as part of the latest round in the succession battle under...
Vessel supply fears lift LNG spot rates Concerns about limited vessel availability are boosting the seasonal upcycle
Gram Car Carriers benefits from booming charter rates The third-largest non-operating pure car and truck carrier owner has five other vessels coming open this year. They are expected to...
Decarbonisation: Where will green corridors lead? In the absence of global regulations to force the industry to clean up, governments and companies hope voluntary green corridors...
Decarbonisation: What to expect from the IMO - and what not to Short-term measures are expected to cause compliance headaches while doing little to cut ship emissions; there is progress on mid-term...
Decarbonisation: Making sense of shipping's conundrum The gulf between action needed to decarbonise shipping and regulations to drive transition is vast - but with the right...
Singapore dangles incentives to retain local seafarers The initiative, which came about after the union provided feedback to the government, is crucial to make Singapore a core...
Ocean Network Express orders 10 neo-panamax boxships ONE's first directly ordered newbuildings are being built to ammonia and methanol-fuel ready specification
EU oil ban compromise sidelines Russian seaborne imports Europe's leaders to sanction 90% of Russian seaborne oil imports by the end of the year, with exemptions for pipelined...
Maersk endorses China's opening of cabotage market The opening up is seen as 'a significant leap forward' in China's efforts to deregulate cabotage trade. But restrictions remain...
Daily Briefing Tanker crews 'safe and well' in Iranian waters as Greece condemns 'piracy' | Spot LPG rates surge on scarcity of...
US exports even more oil as domestic gasoline and diesel prices spike Tankers are loading up on American crude, diesel and gasoline exports. Can the free market withstand political pressure?
FMC could investigate 'numerous charges' in ocean shipping The Federal Maritime Commission could launch an investigation into the "numerous charges" assessed by ocean carriers, ports and terminals.
Amsterdam's airport tries to fill big air cargo void left by a Russian airline Amsterdam airport lost a major cargo customer because of Russia's invasion of Ukraine.
Russian cargo carrier provides Moscow-Asia air bridge amid sanctions Russian airline Volga-Dnepr is trying to revive its fortunes, and the Russian economy, with a new air logistics deal with Moscow.
EU ban on Russian seaborne oil to intensify shifts in trade flows Russian Urals crude price discounts have widened as many refiners have turned to other supplies.
China independent refineries set to receive first Russian Urals crude since Nov Western African barrels were offered at premiums of $6-7/b against ICE Brent for July-loading, sources said.
Trafigura upscales Port Pirie electrolyzer to 200 MW for ammonia conversion The company is looking at a final investment decision towards the end of 2022 with operations targeted towards the end of 2025.
European refiners acting fast to replace Russian crude A number of refiners have underscored that crude from the Middle East was seen as a good alternative for Urals.
Fuel for Thought: Tax cuts, subsidies reflect Asia belief expensive oil is here to stay In Japan, refiners use the subsidies to curb increases in the weekly wholesale prices of oil products, while trading houses deduct subsidies from the selling prices of imported oil products.
EU agrees to ban Russian seaborne oil imports, hitting two-thirds of supplies Poland and Germany have already committed to end importing Russian oil via pipeline by the end of the year, raising the ban coverage to around 90%.
Singapore 380 CST-bitumen spread flips to negative territory on bitumen shortage This was on the back of Singapore bitumen prices hitting an all-time-high of $590/mt May 30, while 380 CST HSFO cargo price retreating to over two-month low at $585.69/mt May 30.
Japan JERA to advance 20% ammonia co-firing at Hekinan by a year to FY 2023-24 Japan currently estimates ammonia demand for power generation at 3 million mt/year in 2030 and expects it to grow to 30 million mt/year in 2050, equivalent to 1.5 times the current international trade of ammonia as a fertilizer, according to the Ministry of Economy, Trade and Industry.
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