Eneti puts U.S.-built WTIV plan on hold Eneti Inc. (NYSE:NETI) said today that it has discontinued discussions with a shipyard in the United States to build a Jones Act-compliant Wind Turbine Installation Vessel (WTIV). Chairman and CEO Emanuele Lauro
Coal carrier will be first ship with new hard sail system A coal carrier serving Japan's Tohoku Electric Power Co. is to be fitted with a hard sail system jointly developed by Mitsui O.S.K. Lines Ltd. (MOL) and the Oshima Shipbuilding Co. under
Euroseas orders two more containerships at Hyundai Mipo Athens-headquartered Euroseas Ltd. (NASDAQ:ESEA) has signed a contract with South Korean shipbuilder Hyundai Mipo Dockyard Co for the construction of two additional eco-design 2,800 TEU containerships. Set to be delivered during the
PODCAST: Fincantieri Bay sees busy year ahead In this edition of Marine Log's Listen Up! podcast, we talk to Fincantieri Bay Shipbuilding's Justin Slater, who heads up the yard's sales and marketing division, to find out more about operating a
Canada's first diesel-electric laker starts maiden voyage Canada Steamship Lines (CSL) reports that following its delivery by Chengxi Shipyard, its new purpose-designed self-unloader, M/V Nukumi sailed from Jiangyin, China, yesterday on its delivery voyage to Halifax, Nova Scotia. Built
Gulf Marine Repair becomes Green Marine participant Hendry Marine Industries' Gulf Marine Repair in Tampa, Fla., has become the first U.S. Gulf Coast shipyard to become a participant in Green Marine, the largest voluntary environmental certification program for North
D'Amico to use biofuel blend on LR1 tankers after trial success Drop-in blend of 30% biofuel to be deployed on d'Amico's five LR1 vessels
Houthis likely 'not responsible' for fatal Mercer Street drone attack, says report 'Evolving drone technology raises possibility of similar strikes in waters around Yemen,' says UN
Euroseas doubles feedermax orders at Hyundai Mipo Deal comes amid sky-high charter rates and the company's optimism that the boom has some way to go
Standard Club expects rough underwriting balance after rate hike 'A lot will depend on what the claims and investment situations are like, but I'm confident,' says chief executive
Frontline calls for IMO action over Iran ships impersonating its tankers At least 11 tankers have names with a 'Front' prefix, masquerading as Frontline vessels. They are using laundered MMSI numbers...
Safe Bulkers targets $112m from latest Greek bond Trading to start on Athens Exchange on February 14
Capesize market shows signs of hope as spot rates rise Although the market seems to have evaded the worst, headwinds remain, as February tends to be the weakest month of...
Vafias' Imperial Petroleum raises nearly $12m from first share offering Company was launched in December to spin off fleet of four tankers from the 45-vessel StealthGas LPG fleet
Webinar tackles shipping's skills battleground How can shipping attract skills from outside the industry? Should we expect our employees to stay for the rest of...
Hapag-Lloyd quadruples annual profits Hamburg-based container line operator has announced profits of $12.8bn in its preliminary 2021 results compared with $3bn achieved in the...
Technological shift challenging the shipping safety paradigm Øystein Goksøyr of DNV takes a look at what measures are in place and what more needs to be implemented
Working Together in Safety: The key to shipping's future success A host of industry bodies have signed up to the safety coalition, including the International Chamber of Shipping, BIMCO, OCIMF...
Counting the cost of Covid-19 Ship casualties and incidents are at an all-time low, but now is not the time for the maritime industry to...
Port of Oakland nets federal funds to boost agriculture exports By Eric Watkins'This partnership with the port of Oakland builds on our aggressive approach to addressing challenges within the supply chain,' says...
Green lobby backs Shanghai and Los Angeles shipping corridor plan The proposal includes a goal to begin transitioning to zero-carbon fuelled ships by 2030
Daily Briefing Loctek's newbuilding order a strategic move | Embiricos group gains $80m on boxship sale to CMA CGM | CMA CGM...
US sanctions Myanmar logistics company Activist organisation Justice for Myanmar calls for targeted sanctions against KT Group to prevent the flow of revenue and arms
What the FAA wants to know about flying COVID vaccines Extra safety precautions, for cargo and crew, are needed when vaccines need ultra-cold transport by air. The FAA wants to fine-tune its safety guidance.
India to levy extra excise duty on unblended fuels to promote ethanol blending India has been promoting the usage of biofuel under the National Policy on Biofuels of 2018.
REFINERY NEWS ROUNDUP: Some maintenance underway in Africa The Dangote refinery is on track for a start-up later this year, but Nigeria's modular refinery projects have run into hitches over funding, crude oil deliveries and rising cases of sabotage attacks on pipelines and oil theft.
OIL FUTURES: Crude steady at multi-year highs as market waits on OPEC+ Participants were waiting on the OPEC+ producer group's Feb. 2 meeting to set March quotas and were concerned that, even if high oil prices meant opening the taps was justified, member countries had already been unable to meet current quotas.
AD Ports begins deliveries on UAE's Fujairah Terminal expansion The Dirham 1 billion ($272 million) investment adds container capacity of 720,000 twenty-foot equivalent units and general cargo capacity of 1.3 million mt, Julian Skyrme told reporters on the sidelines of the Breakbulk Middle East conference in Dubai.
US high sulfur fuel oil prices reach seven-year highs US Atlantic Coast 1%S fuel oil climbed $1.66 to $91.64/b, highest since reaching $92.76/b on Aug. 31, 2014.
OPEC+ ministers to set March oil quotas under the cloud of potential Russia sanctions Members with spare output capacity, mainly Saudi Arabia and the UAE, may be asked by their key customers to ease the squeeze with additional production beyond their quotas, which could jeopardize their five-year OPEC+ alliance with Russia.
Global LNG trade growth expected to slow to 4% in 2022: IEA In its report, the IEA said Asia would account for all the net growth in LNG imports in 2022.
Japan watching normalizing coal imports from Indonesia after export ban: METI Concerns surrounding securing thermal coal from Indonesia during Japan's peak power demand season have receded following the lifting of the export ban, one of the officials said.
Hapag Lloyd's freight rates leap 80% in 2021 on strained supply chains Freight rates for 2021 averaged $2,003/TEU, compared with $1,115/TEU in 2020, the company said.
OIL FUTURES: Crude reaches new 7-year highs as market eyes tightening supply outlooks NYMEX February RBOB climbed 1.20 cents to $2.5543/gal while February ULSD gave up 2.63 cents to settle at $2.7592/gal.
MARINE FUEL 0.5%: Lack of supply causing higher prices, backwardation Supply tightness was a common theme for marine fuel 0.5% globally as prices and backwardation strengthened throughout January.
India HPCL fiscal Q3 refining margin surges to $6.39/b HPCL exported 590,000 mt of refined products in the October-December period of the current fiscal 2021-22 (April-March), compared with 370,000 mt im the year-ago period.
Singapore oil product MOPS Strip assessments to roll over on Feb 15 Platts will continue to assess the balance of February gasoil, jet fuel and fuel oil product swaps in Asia until Feb. 22, while the balance February swaps for naphtha and gasoline will not be published from Feb. 15 onwards.
AMERICAS BUNKERS: Key market indicators Jan 31-Feb 4 Pricing in key ports adjusted at a lagging pace to the movements in crude benchmarks and wholesale markets last week, resulting in a mixed scenario.
US approaches a year without any LNG cargo cancellations amid strong demand Platts assessed the US FOB Gulf Coast Marker for March at $24.85/MMBtu on Jan. 31, down $1.80/MMBtu from the previous session. GCM was assessed at $5.055/MMBtu a year earlier.
UAE breakbulk shipping set to grow 10%-15% as alternative to containers: DP World
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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