Hydrogen power barge project brings rocket science on board A French consortium is planning to put a multi-service power barge into operation in the Port of Rouen that would supply energy and hydrogen to ships during port calls, enabling cold-ironing and
Sembcorp Marine hands over second battery-powered ferry to Norled Singapore's Sembcorp Marine Ltd. has completed the handover of the Dragsvik, the second of three identical battery-powered roll-on/roll-off passenger ferries to Norwegian operator Norled AS. It is now being dry transported to
Corps awards $1.06 billion New Lock at the Soo contract The Detroit Engineer District has awarded Kokosing Alberici Traylor LLC (KAT), a joint venture headquartered in Westerville, Ohio, a $1,068,052,150 contract to construct the lock chamber of the New Soo Lock at
Maersk quits ICS as climate ambition divides industry representation Box giant Maersk has left the shipowners' representative body the International Chamber of Shipping after sitting on its board for...
US tops league table for detention and demurrage fees D&D charges are a necessary evil that have come to the fore during the pandemic. Careful choices of carrier and...
LPG: Looking to China for demand boost Globally, the LPG trade is expected to rise by 3.9% in 2022 to 116.9m tonnes
Wakashio was casualty of poor operations and management The report finds multiple failings by management of the bulk carrier
IG circular clarifies EU sanctions on Russia Despite Brexit, stipulations will in practice apply to the eight P&I clubs based in Britain, who make up the majority...
Capacity constraints ahead of container peak season Congested ports are still taking large amounts of capacity out of the market. Despite expectations of lower volumes, cargo delays...
Capesize rates slide as Brazil iron ore disappoints Capesize loadings from major Brazilian ports were 21% lower in January to June versus the same period last year, Lloyd's...
China anti-graft probe stokes concern over reining in lending Beijing's efforts to clamp down on corruption and misconduct in the financial sector are expected to put more compliance pressure...
PIL orders dual-fuel container vessels at Yangzijiang Shipbuilding PIL placed its first newbuilding order since 2015 in March of this year
Proman Stena Bulk takes delivery of second methanol-powered tanker It is operationally possible to use methanol as a marine fuel today. It is already available at more than 120...
Rescuers recover 12 bodies after China crane vessel sinks Shipowner has set up a special team to determine liability
Daily Briefing Iranian tankers shift location in oil spat with Greece | Nick Livanos considers next step in legal battle linked to...
Operation to tow stranded bulker off Sydney suspended Port authority says 21-srtong crew are safe. It expects the ship to remain offshore until at least July 6 based...
Emirates to retrofit 10 Boeing 777 jets for cargo Emirates is enlarging and modernizing its cargo fleet with modified passenger aircraft and new builds.
Louisiana approves tandem load hauling for drayage trucks A new law authorizing tandem loads of 20-foot containers went into effect in Louisiana on June 17.
Experts urge quick action to comply with ocean shipping reform law Container market experts advise carriers and shippers to act quickly now that new rules regulating ocean shipping are in effect.
Sri Lankan bunker operations unlikely to be impacted by monsoon in July Bunker operations in Sri Lanka were expected to be normal in July, with moderate demand as the monsoon season continues, sources said, adding that sales have been lower of late than seen during a busy June.
INTERVIEW: Japan's INPEX eyes US, UAE midstream LNG; to accelerate Ichthys expansion: CEO Japan's INPEX is exploring midstream LNG project participation in the US and the UAE as it sees robust LNG demand growth in Asia at least for the midterm, and it also intends to accelerate its consideration to expand its operated Ichthys project in Australia, President and CEO Takayuki Ueda told S&P Global Commodity Insights.
OIL FUTURES: Crude drops over 7% as recession fears mount Crude oil futures plunged more than 7% during midmorning New York trading July 5 with NYMEX WTI falling below $100/b as recession fears flooded the market amid the return of US traders following a long holiday weekend.
Global airline capacity breaks 100 million seats mark: OAG Scheduled global airline capacity rose about 1.5 million seats, or 1.5%, to 101.4 million seats for the week started July 4, with many regions registering small increases, aviation data company OAG said, indicating rising jet fuel demand.
Southeast gas markets pull incremental supply from Freeport LNG eastbound Over the past 10 days, basis prices at Houston Ship Channel have rebounded sharply to trade just 20 cents behind the US benchmark.
OIL FUTURES: Prices drop sharply as recession fears eclipse global supply concerns Crude prices moved sharply lower July 5, with ICE Brent dropping 9.5%, as recession fears fueled demand growth concerns, overshadowing continued global supply tightness.
Front month open interest for Singapore ICE HSFO contracts falls 16% in June Market sources said Asia could also be one of the major destinations for Russian HSFO cargoes after the West placed sanctions on Russian oil imports.
Tight marine fuel 0.5%S supply in June, refiners focus on gasoline, distillates output The Asian marine fuel 0.5%S market is unlikely to weaken in July despite a drop in Singapore 10 ppm gasoil crack spread, traders said.
REFINERY NEWS ROUNDUP: Incidents, strikes at plants in Europe Italy's Sarroch refinery was operating normally after a fire late June 25 on equipment taking solid sulfur to silos at the complex, the company said June 27.
Zhoushan-Singapore delivered bunker spread narrows to seven-month low The bunker supplier also added that the tight LSFO supply situation in China is recovering at a quicker pace compared to Singapore, thus the firmer bunker prices at the world's largest bunker hub.
Iraq's SOMO sells straight-run HSFO for July-Sept loading SOMO is a regular seller of straight-run fuel oil from its refineries in Iraq.
Asia's bitumen premium to HSFO hits record high on tight supply, weak HSFO Supply of bitumen in Asia has tightened due to lower production as regional refiners maximize output of middle distillates, bitumen traders said.
Tuapse VGO exports back to pre-war levels for July In February 120,000 mt of VGO was scheduled to load, climbing to 150,000 mt in March, according to loading programs seen by S&P Global.
Tight VLSFO supply to ease as refineries in Med increase production Tightness on very low sulfur fuel was further exacerbated by expanded regional turnaround and strong gasoline cracks.
INTERVIEW: 'Promising progress' in shipping's decarbonization prospects - IMO Secretary-General The transition presents opportunities, particularly for developing countries as future suppliers of alternative fuels, Lim said.
June fuel oil barge volumes traded in London MOC declined 19.51% on month Marine fuel 0.5%S markets saw tight supply across Europe in the past weeks as refiners have been using sweeter crude lately to maximize production of products like gasoline.
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