Nichols-built aquaculture vessel will feature Cat battery hybrid propulsion Caterpillar Marine reports that it has entered into an agreement with California-based Pacific6 Enterprises to pilot a parallel battery hybrid propulsion system for a first-of-its kind aquaculture farming vessel. Designed by Kirk
TTB 2022: First-of-its-kind towboat design-the Hydrogen One On March 29-Day 1 of Marine Log's TTB 2022 conference for the tug, towboat and barge industry-Mike Complita, principal and vice president of strategic expansion for Elliott Bay Design Group; and Gregg
Buono to retire as USMMA superintendent Superintendent of the U.S. Merchant Marine Academy, Kings Point, N.Y., Vice Adm. Jack Buono announced his retirement yesterday, after a maritime career that has spanned more than 45 years. Buono arrived at
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
Kongsberg propulsion solutions picked for zero-emission Scandlines ferry The zero-emission freight ferry on order for Scandlines at Cemre Shipyard in Turkey will feature a Kongsberg Maritime (KM) propulsion and control system package. Designed by LMG Marin AS in Norway, the
Wight Shipyard wins contract for two hybrid river bus vessels London's leading river bus operator, Uber Boat by Thames Clippers, has awarded East Cowes, U.K., shipbuilder Wight Shipyard a contract to build two new hybrid Clipper-class vessels. "We are delighted that Uber
World's fastest autonomous interceptor set to debut France's CMN Naval will showcase what's claimed to be the fastest autonomous interceptor in the world, the UHSI32, at the upcoming World Defense Show, taking place from March 6-9, 2022, in Riyadh,
CMA CGM focuses on investment as profits soar French carrier will extend its spot rates freeze to the end of the first half. Lower volumes shippers will be...
The Lloyd's List Podcast: War in Ukraine shocks shipping As shipping markets adapt to the new realities of global trade in an era of high-risk economic warfare, analysts from...
'We hope reason prevails,' says Dynagas founder Prokopiou Dynagas confirmed as owner behind three additional 200,000 cu m LNG carrier newbuildings at Hyundai
Underwriters said to be refusing cover for Ukraine war risks Additional premiums now running as high as 5% of vessel value for those that can get it at all, which...
Let's recognise the courage of crews risking their lives in Ukraine Like other globalised industries, shipping is faced with tough choices as a result of Putin's war, in which considerations of...
'Self-sanctioning' tankers drive Russia charter rates 1,600% higher Unclear and complex geopolitical risk surrounding Russia's incursion into Ukraine is affecting crude exports the most, while diesel and refined...
Inquiry finds international sea law 'unfit for purpose' without reform Call made to fix poor enforcement of the UN Convention on the Law of the Sea, saying flags of convenience...
Global exposure to Russian newbuild orderbook considerable Numerous global equipment and service providers are exposed to the vulnerable Russia-owned newbuilding orderbook, while uncertainty surrounds the handful of...
Eagle Bulk fixes Indonesian coal to Europe US-based company says vessels are ballasting away from the Black Sea region given the situation there, pushing up rates in...
Russian terminal operators' shares suspended Terminal operators have been keen to enter the Russian market via joint venture operations. But with sanctions now hitting financial...
Russia puts a stop sign on the new Silk Road Rail was supposed to provide a faster, cheaper alternative to ocean and air freight. But the link between Asia and...
Owners seek slots at Jiangnan Shipyard for large LNG carriers Jiangnan is expected to accept a price cut to win the orders in a move that will help it maker...
FMC makes case for greater regulatory powers over ocean carriers US Federal Maritime Commission attends US Senate committee hearing about the Ocean Shipping Reform Act, which would give the regulator greater...
Changhong yard nets containerships order The shipyard is a joint venture established by Hong Kong-listed China International Marine Containers and Jiangsu Xin Changjiang Group
Daily Briefing Attacks on vessels off Ukraine to likely trigger war risk clauses | Europe looks to cut reliance on Russian natural...
Port workers in US and Canada refuse to handle Russian cargo There are currently no Russia-flagged ships in US or Canadian ports, according to a survey of Lloyd's List Intelligence
MOL makes foray into offshore wind energy sector MOL and Hokutaku Co have also set up an investment fund. It aims to put ¥10bn ($950m) in offshore wind...
Ethiopian Airlines says it intends to buy 5 Boeing 777-8 freighters Ethiopian Airlines is a major passenger carrier that is also investing in its large cargo unit.
FedEx adds war surcharge as Ukraine crisis ratchets up shipping costs Ukraine spillover effects now include higher shipping cost for FedEx.
Russian invasion propels price of ship fuel to historic high The cost of the fuel consumed by the world's commercial ships has skyrocketed - and it's still rising.
Embargo of Russian oil now spreading to Kazakhstan Three shipments bound for the Port of Novorossiysk have been canceled.
175 nations endorse resolution to end plastic pollution "Today, no area on the planet is left untouched by plastic pollution, from deep-sea sediment to Mount Everest. The planet deserves a multilateral solution 'that...
Lufthansa Cargo sees 10% capacity cut due to Russia flight detours The knock-on effects from the Ukraine crisis are being felt across the business world, not least in air cargo.
BUNKERWORLD INDEX: Prices soar amid anticipated supply tightness *In Singapore, residue stocks rose amid a slowdown in bunker fuel sales Bunker market participants across *European traders have turned cautious about sourcing fuel from Russia *Sources in North America cited potential credit-line concerns tied to rising values on retail bunkers
Russian refineries start to feel impact of buyers shunning oil products While there were still tankers fixed for lifting products from Russia's Black Sea ports, a large portion of shipping companies have stated their unwillingness to load at Russian ports, particularly in the Black Sea, amid the risk of potential new sanctions.
Russian oil supplies could fall by up to 2 mil b/d in March over sanctions, avoidance: S&P Global Although the US and the EU have said their current sanctions do not target Russian oil and gas, the potential for tighter restrictions creates "persistent headwinds" and swathes of traders and refiners have paused purchases of Russian oil and oil products amid the political backlash to Moscow's invasion of Ukraine.
VLSFO, MGO prices hit highest recorded levels at EMEA ports The price increase follows anticipated tightness across all fuel oil grades over the coming weeks at ports in the Mediterranean and Europe.
LNG tankers divert from UK amid Russia links, discontent at terminal It comes days after the UK banned vessels on March 1 that are Russian-owned, operated, controlled, chartered, registered or flagged from UK ports, but not Russian cargoes.
ARA fuel oil stocks rise 6.89% on week to 1.055 mil mt: Insights Global The is first time in four weeks that stocks have risen.
March naphtha loadings from Novorossiisk down 143,000 mt on month at 232,000 mt European naphtha supply remains tight as geopolitical concerns from Russia's military invasion of Ukraine weigh on the complex.
China's ZPC restarts LSFO production in Feb with higher export quota: source Chinese refining and petrochemical company Zhejiang Petroleum & Chemical, or ZPC, restarted production of low sulfur fuel oil in February after more than a year of suspension, with an output of about 50,000 mt, a company source said March 4.
Sanctions start to isolate Russian commodity firms in international financial markets The LSE has suspended trade of global depository receipts of more Russian companies, including Novorossiysk Commercial Sea Port and Federal Grid, Russia's electricity transmission grid, a day after the suspension of major energy and commodity companies including Gazprom, Lukoil, Rosneft, En+ and RusHydro.
Lithuania halts Russian LNG imports Russian gas accounted for approximately 20% of the total volume handled by the Klaipeda LNG terminal last year, according to media reports.
Fuel oil loadings from Russia's Novorossiisk seen at 165,000 mt in March This is up from 120,000 mt that loaded from the port in February.
SINGAPORE DATA: Residue stocks rise 2% on week as bunker sales slow Bunker slower sales slowed down amid stiff price competition from North Asia.
Ukraine crisis creates geopolitical turmoil, clouding VLGC market in 2022: BW LPG Near-term rate volatility could be triggered by bunker-price shocks, changing trading patterns, unexpected LPG inventory, management and changes to shipping inefficiencies, the company said in its fourth quarter and 2021 report.
Ukraine's Zaporizhzhia nuclear power plant seized by Russian troops: regulator The plant in the southeast of the country is Ukraine's largest with six 950-MW reactors.
TANKERS: Trans-Atlantic freight tumbles as market settles amid geopolitical uncertainty "Charterers are putting sentiment on [FFAs] and the Trafigura fixture set the bar," a shipbroker said.
OIL FUTURES: Crude rises after attacks on Ukraine's biggest nuclear plant "News that firefighters have been granted access to the plant has seen prices pull back slightly but it is likely to be a temporary lull," Halley said.
Ukraine's biggest nuclear plant at Zaporozhe hit by shelling, fire "They are shooting back-to-back," Energoatom wrote on its telegram channel at 02:09 Kyiv time. "The unit-1 is hit."
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