Conrad to build two ice class tugboats for USACE Conrad Shipyard, LLC has released more details about its recently awarded $16.9 million U.S. Army Corps of Engineers contract. Conrad says that the contract is for the design and construction of two
Ørsted asks for "no sail" zones following offshore wind turbine failure Ørsted reports that it is investigating an incident at the Anholt Offshore Wind Farm in Denmark. A rotor, including three blades, separated from the nacelle of one of the offshore wind turbines
Keppel O&M completes autonomous tug project Notching up several "firsts," Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) reports that it has successfully completed its first autonomous vessel project. Capable of autonomous vessel navigation as well as collision
Tanker giants Frontline and Euronav to merge A tanker mega merger is in the works. Frontline Ltd, (NYSE: FRO) and Euronav (NYSE: EURN) have signed a term sheet agreeing a potential stock-for-stock combination of the two companies. Based on
VIDEO: Top Women in Maritime Every year, Marine Log's editorial team carefully selects 20 women of varied backgrounds, ages and locations based on nominations submitted by those in the industry. Featured here are just some of our
NTSB: Towboat captain's sleep inertia likely let to $2.5 million hit on lock gate A captain who assumed a watch immediately after waking was likely experiencing sleep inertia, leading to a tow striking a lock gate in the Gulf Intracoastal Waterway, says the National Transportation Safety
Tanker trade growth seen rising 6% in 2022 Freight rates unlikely to rise until more oil supply comes online to replace Russian crude, Baltic Exchange forum told
Ukraine calls for worldwide ban on Russian vessels Russia's actions are directed not only at Ukraine but also at Europe, claims the Ukrainian president
Nor-Shipping 2022: A celebration of maritime resilience Norwegian Shipowners Association head Harald Solberg remains cautiously optimistic about the industry's future. But next-generation opinion regards shipping as innovative...
Shipbroking deals with Russians probably illegal for UK persons, Baltic Exchange advises BIMCO advises that Conwartime and Voywar clauses do not apply outside conflict zone, despite Joint War Committee decision to declare...
Norden aims to scale up its biofuel offering Danish owner and operator in the bulker and tanker segments expects that in the next five to 10 years, biofuel...
Boxship charter market becalmed by lack of tonnage amid dampening sentiment Global uncertainties created by the Russia-Ukraine situation, and draconian lockdowns in key global economies, are driving a wait-and-see strategy for...
Maersk joins initiative to boost green steel demand Maersk looks to recycling to boost its net-zero steel ambitions. Green steel is seen as a 'pivotal' part of its...
Shipmanagers stress challenges of shallow talent pool One idea is to broaden the sourcing pool to more countries, while another is to reskill the existing talent
Shanghai lockdown may ease US port congestion Maritime expert predicts Shanghai lockdowns will unexpectedly alleviate port congestion in North America
WFW partner and son die in Australia landslide Wife and two other children survive shipping lawyer
Fredriksen the winner in Saverys family battle for Euronav It is hoped the deal can be completed by the third quarter of 2022, Euronav chief executive Hugo de Stoop...
Hamburg Commercial Bank doubles new shipping business Boost to top line from a modest base, as fiscal year results confirm German lender's current appetite for industry exposure
Early Chinese New Year hits February container volumes Global container shipments slipped back as lunar new year closures hit volumes. But new shutdowns in China threaten to further...
Correction: Sanctions-busting suspect VLCC runs aground in China
Creative thinking seen as crucial for SMEs to gain access to green financing Small and medium-sized shipping companies need to go beyond traditional bank financing to seek the funding needed for their green...
Shipmanager OSM links with Ocean Technologies on crewing IT Shipmanagers are struggling to keep pace with the changing pace of digitalisation, while continuing to focus on the professional development...
Shipyards forced to shut down amid Shanghai lockdown The orderbook delivery schedule for Shanghai shipyards is facing severe disruption should the draconian lockdown measures extend further. Yards have...
Inchcape chief Olsen outlines growth pipeline Like much of shipping, ship agency thrives on information and expertise. However, there's little sign of revolution within the sector...
Frontline to merge with Euronav Combined company to be worth $4.2bn, with a fleet of 69 very large crude carriers, 57 suezmax vessels and 20...
Daily Briefing Israel mystery spill was 'tank washing not terrorism' | Tankers mask Russian port calls as sanctions pressure rises | Miners...
$4.2B shipping 'mega-merger' would create 'supersized tanker behemoth' The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
Maersk collaborating on e-methanol plant in Asia The partnership marks a "pivotal step" toward making green e-methanol more accessible and commercially viable for the maritime industry.
Air cargo slumps in March as war, China lockdowns take toll The air cargo market turned negative in March, after a strong February, because of the Ukraine war. Analysts say inflation and lower export orders could...
OPEC+ crude production falls as sanctions take bite out of Russia: S&P Global survey OPEC+ crude oil production falls as Western sanctions take bite out of Russia
Latam entities find reduced tender volumes as fuel, freight rates jump to record Fuel and freight rates soar to record highs as Latin American entities find reduced tender volumes
UK focuses on new nuclear, offshore wind, clean hydrogen to boost energy security UK to boost energy security by focusing on new nuclear, offshore wind, and clean hydrogen
Crude edges lower as IEA confirms stock release, markets eye hawkish Fed Crude oil futures fall April 7
INTERVIEW: Monjasa sees potential for shifting trade flows on Ukraine fallout The war in the Black Sea has disrupted trade from the region and pushed shipping markets towards other ports and routes to bring key commodities to consumers.
Kazakh crude output drops following CPC storm damage Kazakhstan, which is the second-largest non-OPEC producer participating in the OPEC+ agreement, is producing below its quota, which for March was 1.605 million b/d.
G7 nations vow to expedite efforts to curb Russian oil, coal dependence It marked Japan's first commitment to curb any commodity imports from Russia, the country's third-largest coal supplier in 2021 after Australia and Indonesia.
UK to double low-carbon hydrogen production capacity to 10 GW by 2030 The UK's strategy comes amid heightened pressure to shore up the security of energy supplies in the wake of Russia's invasion of Ukraine, which has put Europe's reliance on Russian gas in the spotlight.
HONG KONG DATA: Feb fuel oil imports drop 12% on year to 2.6 mil barrels The bulk of Hong Kong's fuel oil imports were sold in the bunker market, as the city-state does not have fuel oil-fired power plants, except backup generators, market sources said.
Russia raises oil product exports to China, Kazakhstan in March: report Fuel oil represented the bulk of the exports to China, with 394,200 mt exported, 43.6% higher on the month.
OIL FUTURES: Brent recovers day after announcements of oil stocks releases The US will add another 60 million barrels as part of this package, bringing the total to 240 million barrels including 120 million barrels of emergency stocks release announced by the US' Biden Administration during the week ended April 1.
Belgium's Fluxys to continue Russian Yamal LNG transshipment services The arrangement allows for Russia's specialized ice-breaker LNG carriers to transfer Yamal LNG volumes at Zeebrugge onto conventional LNG vessels to allow regular onward shipments to Asia-Pacific and Middle Eastern markets.
Tanker majors Euronav, Frontline to merge; will control at least 146 ships The combination will create one of the world's largest global oil tanker operator with 69 VLCCs, 57 Suezmaxes and 20 Aframax-LR2 tankers, the two companies said in a joint statement.
Singapore HSFO viscosity spread hits all-time high at $42.96/mt as 180 CST price surges To produce 180 CST grade, more viscosity cutters such as vacuum gasoil or light cycle oil are needed, and the price of viscosity cutter stocks are linked to Singapore 10 ppm gasoil prices, fuel oil traders said.
Singapore-delivered marine fuel 0.5%S bunker differential to HSFO over five-month low Although LSFO bunker demand has been stronger since April, it was heard gradually tapering off, Singapore-based traders said, whereas HSFO inventory drawdowns have strengthened bunker premiums.
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