House Seapower panel seeks U.S.-built sealift ships There's a reason why so many shipbuilders have Washington, D.C. offices. The House Committee on Armed Services Subcommittee on Seapower and Projection Forces today released its proposals for the FY 2023 National
GLDD exercises option with Conrad for second TSHD Houston-headquartered Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has exercised a contract option to build a second 6,500-cubic-yard-capacity trailing suction hopper dredge (TSHD) at Conrad Shipyard in Amelia, La. With expected delivery
Leading Greek shipowners denounce sanctions 'failure' 'Instead of penalising Russia, we are penalising ourselves,' says Marinakis
IMO decarbonisation division deepens Divisions emerge over net-zero or zero-emissions targets, whether to hold a separate working group to fast-track any revised greenhouse emissions...
Medvedev pledges state cover for Russian oil exports 'The issue of supply insurance can be closed at the expense of state guarantees within the framework of interstate agreements...
Shippers warn carbon levy will raise box freight rates Putting a price on carbon has come up for discussion at the IMO. But shippers say consideration must be given...
Boxship charter market remains muted Fixture activity is mostly focused on smaller tonnage as prompt large containerships remain scarce
Citi names Maroulis as head of shipping Ship finance veteran steps up from EMEA role to bank's top job in the niche
J. Lauritzen appoints Kristian Mørch as chief executive Former Odfjell chief Mørch will take up new role at the Danish shipping company on August 1
Trucking services remain under pressure after Shanghai lockdowns A local forwarder says there are no significant improvements in logistics efficiency in the region
Bulkers regaining allure for major Greek owners Given $100m to spend, major names would focus on secondhand dry bulk acquisitions - and in some cases are already putting...
Accurate vessel performance management still elusive ahead of new rules With just over six months to go before the Energy Efficiency Existing Ship (Design) Index and Carbon Intensity Indicator measures kick...
DP World sells stake in Jebel Ali port to Canadian fund DP World is inviting other long-term investors to acquire an additional stake in the three assets, with an investment of...
Daily Briefing War and pandemic 'good for shipping' | Posidonia opens as global shipping descends on Athens | Angeliki Frangou sees optimism...
European ocean carriers expand air cargo capabilities The French and Danish container lines CMA CGM and Maersk are reinvesting big profits in their air cargo fleets and service offerings.
S&P Global will discontinue its 3.5% IFO 380 bunker assessment in Callao, Peru Sources also said there has been no HSFO available for sale since early-2020.
India ACME, Karnataka state sign up for renewable hydrogen/ammonia plant ACME aims to produce 10 million mt/year of renewable ammonia and hydrogen by 2030 and is looking for more projects in India, Australia, Chile and the US, it had said earlier.
Hungary imposes windfall taxes on oil and gas producers, refiners The new tax will be valid for 2022-23, including retroactively for the first half of 2022.
High oil prices tempering outlook but supply-side constraints more pressing: panel Speaking on the same panel, the head of the International Energy Agency's oil market division Toril Bosoni, also sounded a warning that supply-side constraints could be more supportive for oil price in the near-term than linger demand weakness.
Shipper EPS orders 11 hybrid propulsion car carriers, plans ammonia dual-fuel ship Not only will the system help to optimize fuel efficiency and minimize emissions, but it will effectively provide futureproofing for the vessels since it has the built-in flexibility to adapt to future technology shifts, Wartsila said.
Delivered marine fuel bunkers pricing rises for key US East Coast ports The most recent increase was expected by several market players, who began preparing for the spike early May.
Japan delivered 380 CST HSFO bunker premium slips to over 7-month low Rising HSFO stockpiles gradually shortened bunker delivery lead times to an average of 6-8 days with increasing prompt availabilities, according to Tokyo-based bunker suppliers June 7.
Singapore gasoil swap crack hits all-time high on improved arbitrage, tight supplies A deeper negative EFS spread typically points towards improving arbitrage economics as Asian gasoil barrels can command a higher premium in the West than in Asia.
Asian oil buyers will feel pinch of EU insurance ban, but not immediately Some shipping sources said as most shipping insurance and reinsurance institutions and organizations are centered around the EU and the UK, any ban from the EU or the UK on insuring tankers transporting Russian oil will always have implications for shipowners engaging to carry the oil.
China issues 4.5 mil mt of new oil product export quotas as stocks swell: sources With the release, the total allocation for 2022 stands at 17.5 million mt as of June 7, staying 40.7% lower than the 29.5 million mt volume a year ago.
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