ECO starts construction of first Jones Act SOV Edison Chouest Offshore (ECO) has started construction of what will be the first Jones Act-qualified offshore wind farm service operations vessel (SOV) to be built in the United States. The Jones Act
Metal Shark wins Fire Island Ferries construction contract Metal Shark, Jeanerette, La., has been awarded a contract to build a new vehicle ferry for Fire Island Ferries. Designed by Elliott Bay Design Group, the 70- by 23-foot vessel features a
NATO warns of mine danger areas in northwest Black Sea As Russia's invasion of Ukraine continues, there are increasing reports of missile attacks on merchant ships. Now the NATO Shipping Center is warning that risks to shipping also include mine danger areas.
Europe looks to cut reliance on Russian natural gas No new gas supply contracts with Russia will be signed, says the Paris-based IEA. Europe can source up to 30bn...
Shippers warned to be wary of sanctions Many carriers are no longer taking bookings for Russia. But shippers using the ones that remain must take precautions
Tanker owners explore greener tank cleaning alternative Company president David Keehan says marine tank coating is now 75% of the business, as environmental benefits become clear. New...
Attacks on vessels off Ukraine to likely trigger war risk clauses 'There is clearly a risk to vessels trading in the Black Sea and Sea of Azov and that probably will...
Estonian-owned vessel sinks off Odessa after blast The Estonian-owned Helt possibly hit a mine. Shipmanager Vista Shipping Agency said all six missing crew members have been rescued
Cyprus has much to flag up on shipping ministry anniversary 'You can contribute globally and not just nationally,' says Vassilios Demetriades
KSOE wins orders for nine ships worth $1.3bn Korea Shipbuilding and Offshore Engineering has confirmed additional new contracts this week ordered by undisclosed owners, continuing its run of...
Norden warns of major disruption to trade flows Danish owner and operator says it expects to exceed last year's net profit of $205m in 2022
Shipmanagers focus on crews as Ukraine crisis worsens About one in seven seafarers come from the two countries engaged in hostilities
Missile hits Bangladeshi ship, one crew member killed A Russian missile hit the Bangladesh-flagged bulk carrier Banglar Samriddhi near Mykolayiv port, killing the ship's third engineer. Another ship...
Forwarder group seeks evidence on carrier practices Forwarders believe they are suffering because of the behaviour of container lines. But for an investigation into those practices to...
China cuts port fees further to reduce logistics costs New policy sees a reduction in port security fees and pilot charges, and will promote port operators to increase price...
Daily Briefing Russian shipping blacklist revealed as EU readies port ban | IG clubs review Russian obligations as sanctions | Lawyers warn...
Yildirim plans legal action over blocked Gulfport concession Yildirim Group president Robert Yildirim remains determined to gain a foothold in the US for his ports business Yilport despite...
Hafnia agrees sale and leaseback deal for 12 tankers Hafnia will bareboat charter in the vessels for 10 years and have monthly purchase options
Singapore eases crew change regulations The move is expected to alleviate the pressure on crew changes that the shipping industry still faces, as the number...
Russia sanctions cut both ways for air cargo Protecting freedom in Ukraine will require economic sacrifice by many. Air cargo is already feeling the pinch.
House panels open price-gouging probe of major ocean carriers Congressional watchdogs are alleging predatory pricing by three major container ship operators and want answers by March 16.
Viewpoint: Don't be fooled - the supply chain is not getting better Russia's invasion of Ukraine has heaped more uncertainty onto the global markets, adding to economic volatility.
Hi-lo fuel oil differentials hit widest level in 2 years amid Russian invasion Low sulfur fuel oil - 1%S - is an important blendstock for IMO-compliant 0.5%S marine fuel, so tightness in the VLSFO market is often a consequence of tightness in the LSFO market.
Bunker supplier Monjasa turns back on Russian business, oil products Monjasa supplies around 5 million mt/y of bunker fuel across 700 ports, the statement said, but a spokesperson added that company had no physical supply business at Russian ports, only back-to-back business.
US House Speaker Pelosi supports US ban on Russian oil imports A bipartisan group of lawmakers will introduce a bill in both chambers of Congress later March 3 to ban Russian energy imports, the Senate Energy and Natural Resources Committee said.
Bunker prices in Europe reach multi-year highs following Russia's invasion of Ukraine The price increase follows anticipated tightness across all fuel oil grades over the coming weeks at ports in the Mediterranean and Europe, with less Russian oil and gas moving around the region, following sanctions against Russia over its invasion of Ukraine.
OIL FUTURES: Crude continues to rise as EU explores increasing sanctions against Russia The EU said it may impose further sanctions on Russia if the situation in Ukraine continues to deteriorate.
Estonian bulk vessel damaged, reportedly sinking, after explosion in Ukrainian waters The company's vessels ship metals, construction materials, fertilizers, iron ore, and grains between the ports of the Baltic and Northern seas, according to its website.
Buyers shun Black Sea loadings of Kazakh CPC crude due to Russia-Ukraine conflict Loadings on at least three tankers due to take place in the week beginning March 7 -- the Wonder Vega, Free Spirit and the Stealth Haralambos -- have been canceled as buyers look to avoid the grade.
Adnoc, Switzerland's Proman to build methanol plant in Ruwais industrial hub The scheme is set to meet "growing domestic and international demand" for methanol as a "a lower-emission fuel", Adnoc said.
Bunker fuel demand switch to North Asia likely as sanctions bite Russia Russia's bunker suppliers sell around 100,000 mt/month of 0.5% sulfur bunker fuel at Far East Russian ports such as Nakhodka and Vladivostok, according to market sources.
Latam marine fuel 0.5% bunker registers record highs for second consecutive day Values climbed throughout the day tracking crude futures, as more buyers turned away from Russian oil mindful of international sanctions and as OPEC+ ratified a modest 400,000 b/d production increase for April.
Asia's demand outlook for Far East Russian crude bleak amid Russia-Ukraine crisis The ongoing conflict between Russia and Ukraine has cast a dark cloud over Russian crudes, which could disrupt the monthly tender and spot trading activity of equity holders, the sources said.
Singapore delivered LSMGO bunker spread near 31-month high as supply tightens Following the cutback of China's gasoil export quotas, South Korean refiners are putting more gasoil products in storage for domestic use, reducing export volumes to Singapore
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