VIDEO: Cunard reveals first details of new ship Carnival Corporation's Cunard brand has announced the name of its new ship, set to make its first sailings in early 2024. To be named Queen Anne, the new vessel will be Cunard's
Centerline and Vard Marine team to design LNG bunker barge Seattle, Wash., based Centerline Logistics has signed a letter of intent (LOI) with Vard Marine, Inc. to develop a customized 6,000 cu.m articulated tug and barge (ATB) LNG bunker barge. Expected to
VIDEO: Damen's second MAD 3500 dredge enters service The second vessel of Damen's new Marine Aggregate Dredge (MAD) 3500 class, the Hanson Thames, has now completed sea trials and entered service with its owner, building materials supplier Hanson U.K., replacing
Canadian ferry operator signs up 2 more for Wärtsilä plan W'rtsil' has signed a five-year optimized maintenance agreement with Société des traversiers du Qu'bec (STQ). It covers two LNG-fueled ferries, the Jos Deschenes II and Armand Imbeau II, each of which operates
Harvey Gulf puts carbon neutral PSV into operation Moving one step closer to becoming the world's first Environmental, Social, and Governance (ESG) certified oil and gas vessel operator, Harvey Gulf International Marine, New Orleans, La., has begun to operate one
Concordia eyes tanker to containership conversion Concordia Maritime, Gothenburg, Sweden, launched a technical design study evaluating the feasibility of converting and adapting one of its nine P-MAX tankers for container transportation. Concordia is carrying out the study in
Isle of Man Ship Registry plans reduced fees for green ships The Isle of Man Ship Registry (IOMSR) is set to become the first flag state in the world to offering reduced registration fees for ships using green technology. The green discount will
The Shearer Group adds to team Mechanical engineer Ethan Johnson has joined Houston-headquartered The Shearer Group Inc. (TSGI), a leading naval architecture specialist in the design of inland towboats, ferries and barges. Johnson graduated from the University of
Op-Ed: Reframing marine assurance to meet shipping's challenges By Gonzalo Mera Truffini, Americas Executive Manager, MIS Marine As the maritime industry faces a pivotal decade, driven by the need to accelerate sustainability and embrace digitalization, more onus should be placed
Ports of Indiana grows with new terminal operator, more cargo shipments The Ports of Indiana, an inland river port system made up of three ports-Burns Harbor, Jeffersonville, and Mount Vernon-have experienced an uptick in cargo shipments in addition to one port welcoming a
Tanker market is oversupplied, says DHT Besides a slow return to oil flows, what's keeping a lid on a freight rate rise is 'way too many...
Nothing to stop Frontline copycat vessel names, says law firm 'If you want to be a fraudster, if you want to be involved in these trades, you've got this fantastic...
Castor makes large profit after year of expansion Result reverses losses posted for fourth-quarter and full-year 2020
Equipment fleet surges as carriers seek buffers The slowdown in container turnaround times has put pressure on the entire supply chain. Carriers will look to maintain larger...
Box lines and forwarders struggle to retain stressed front line staff Employers cite instances of staff going home in tears after dealing with endless complaints about ship delays, late deliveries, and...
Bureau Veritas chief launches sustainability prospectus Matthieu de Tugny's little blue book, Shaping a Better Maritime World, comes out to coincide with the One Ocean Summit...
CSSC yard announces newbuild order extensions South Korea-based shipowner H-Line and MSC Mediterranean Shipping Co's Italian ferry-operating subsidiary GNV have agreed deals with China's Guangzhou Shipyard...
MOL Chemical Tankers shakes up senior management Akio Mitsuta becomes board chairman of MOL Chemical Tankers, while Akira Sasa will assume the post of chief executive
Chu Kong Shipping names Zhou as general manager With 26 years of experience in finance and investment, Zhou Jun has taken the helm after his predecessor left the company
Changing Lanes: Will pandemic reverse globalisation? Analysis suggests that box imports into Europe and North America are no greater regionalised than in pre-pandemic times, while China's...
South Korean shipbuilders incur losses despite order recovery Samsung Heavy Industries says it is unlikely to return to profits until 2023
MOL and Malaysia's Petronas to conduct CO2 transport study MOL's latest initiative aims to accelerate its move towards ocean transport of liquefied CO2 and attain its goal of group-wide...
Daily Briefing UK touts shore power plans despite funding gap | EU's dirtiest ports 'comparable to the biggest coal plants' | Eagle...
Hapag-Lloyd rules out move into airfreight The huge profits that Hapag-Lloyd posted in 2021 are likely to be split between dividend payments, investments in new ships...
Danaos profits quadruple as charter rates revisit record high Owner of 71 boxships is renewing charters at more than double prior levels as landside logistics logjams keep tonnage demand...
Newbuild prices show signs of softening The cooling down in dry bulker markets, return of restructured shipyards and Beijing's push for economic growth are all contributing...
Flexport raises $1bn to expand into new markets Investment, 'signals that the market recognises the need for a tech-enabled logistics ecosystem that has the visibility and resilience to...
Glimmer of hope: Has the ship gridlock off ports finally peaked? The number of ships waiting off Los Angeles/Long Beach dropped by 28% over the past month.
DHL locks in freighter capacity with ATSG lease extension DHL is renewing every aircraft lease it can because air cargo demand is robust.
Scrubber alternative can now capture carbon emissions on vessels Value Maritime has developed a system to capture carbon onboard vessels, fill up CO2 batteries and use the captured carbon dioxide in greenhouses.
DHL eyes major air hub expansion in US DHL, seemingly in perpetual expansion mode, is targeting two more U.S. airports for its giant cargo network.
Traxens acquires NEXT4; CEOs discuss port congestion Traxens CEO David Marchand says that "known port congestion is only the tip of the iceberg."
Texas Gulf Coast gas plants near hydrogen pipelines poised for blending Recent University of Texas study suggests Texas Gulf Coast natural gas plants are poised for blending
Low global oil inventories, geopolitical tensions spur uptick in EIA oil price forecast Geopolitical tensions, and tight global oil inventories prompt rise in EIA oil price forecast
White House urges global oil producers to pump more to curb prices The Biden administration again urged US and global oil producers to increase supply
Crude prices decline further on easing Ukraine tensions, restart of Iran nuclear talks Oil futures down on the day amid easing Ukraine tensions and the restart of US-Iran nuclear talks.
Japan's Idemitsu Kosan yet to consider resuming Iran oil imports The US State Department notified Congress Feb. 4 that it was restoring a sanctions waiver to allow third-party participation in nuclear non-proliferation and safety projects, in particular with respect to rising stockpiles of enriched uranium in Iran, a senior State official said on the condition of anonymity.
Unifeeder receives first 100% biofuel bunker consignment at Rotterdam The transaction adds momentum to growing volumes of biofuel bunkered at Rotterdam as shipping tries to decarbonize.
Green hydrogen market faces risk of limited new electrolyzer orders in H1 2022: HSBC The bank maintained its positive view of the sector out to 2030, but warned that progress could be bumpy and frustratingly slow for some.
SPAIN DATA: January vehicle fuel supply volume up 19% on year With some travel and social restrictions still in place, supply volumes were around one seventh short of pre-pandemic January levels from 2019 and 2020, the data showed.
Physical crude markets frenzied as Dated Brent nears $100/b Dated Brent -- used to price more than half of the world's crude -- surged to $98.20/b on Feb. 7, the highest since Sept. 9, 2014, S&P Global Platts data showed Feb. 8
TFG Marine supplies first carbon offset bio-blend bunker fuel to Western Bulk Carbon offsets are growing more expensive. EU Emissions Trading Scheme carbon prices have reached new all-time highs, surpassing Eur96/mtCO2e in early February, on the back of increasing demand from compliance entities amid ongoing investor interest in reforms to the carbon market and uncertainty over EU energy stocks.
OIL FUTURES: Crude falls as geopolitical tensions ease a little on Ukraine, Iran talks French President Emmanuel Macron held talks with Russian President Vladimir Putin Feb. 7 about the geopolitical tensions building up between Russia and Ukraine. Any easing of these tensions would reduce oil market concerns about any potential disruption to Russian supply.
AMERICAS BUNKERS: Key market indicators Feb. 7-11 Supply for New York continued to be talked tight to close the week.
BP raises energy transition targets, says 2022 upstream output to stabilize after plunge BP raised its already ambitious energy transition targets on Feb. 8, saying it would assign 40% of its capital expenditure to energy transition activities by 2025 and achieve net-zero emissions from products it sells by 2050, while expecting upstream production to stabilize this year after a plunge in 2021.
S Korea's bunker supply tightness to ease in H2 February on weak demand Bunker supply in South Korea has been tight in the first half of this month as local refiners are reducing their low sulfur fuel oil production amid higher gasoil margins.
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