Japan's first LNG-fueled tug to be converted for ammonia fuel Japan's NYK Line has concluded a contract with the Keihin Dock Co shipyard, an NYK Group company, to modify a tugboat to ammonia fuel specifications. The vessel chosen for the conversion is
GAO report looks at Navy multiyear procurements Anyone who has ever tried to plow through Navy budget request documentation knows that it's strong on patriotic sentiment but at times fuzzy on a lot of other things. It seems that
American Symphony completes sea trials Guilford, Conn., based American Cruise Line's latest modern riverboat, American Symphony, completed sea trials late last week and is on its way to New Orleans for an on-time start to its inaugural
Post-pandemic tanker rates recovery puts International Seaways back in black New York-listed owner of 78 tankers reports first profit in five quarters
LNG retrofit 'improves carbon ratings', study finds SEA-LNG study claims $30.3m retrofit cost to use liquefied natural gas as marine fuel is 'win-win' for environment
Japan Club downgraded after dipping into catastrophe reserves Marine mutual spending over three dollars on payouts and opex for every two dollars coming from premiums, after taking hit...
Talks to avert Felixstowe port strike break down Employers say union is failing to put the improved offer to its members. Unite says strike action will go ahead...
Exmar sells Tango FLNG to Eni The unit, which is expected to start operations in the second half of next year, will be deployed in a...
Anonymous Chinese shipowner spends $376m on tankers for Russian STS hub Evolving marine transport model seeks tankers to operate outside established markets, yet remain compliant with class, insurance and other regulatory...
US box volumes to ease in second half Threats of port disruptions saw volumes brought forward to the first half of the year. Even with an expected easing...
Ukraine grain cargo rejected by Lebanese buyer The first shipment from Ukraine is in limbo because the Lebanese buyer rejected the cargo on grounds that too much...
Cosco responds to global supply chain disruptions Company says move is response to pandemic-induced delays and greater demand for a more stable and resilient supply chain
Attica launches three Norwegian newbuilds on Saronic routes Investment financed from own funds and bank loans, says Attica
EuroDry fleet expansion programme boosts earnings Chief executive Aristides Pittas says rates remain profitable despite a near 40% plunge since late May
Daily Briefing China extends military drills heralding 'new normal' for shipping off Taiwan | Ukraine grain exports pick up pace | Global...
Tanker shipping stocks pull away from the pack, hitting fresh highs Tankers stocks are doing great. Dry bulk and container stocks temporarily stopped the bleeding. "Maxim stocks" still underperform.
Vietnam Airlines to start freighter unit, convert A321s to cargo jets Vietnam Airlines is moving beyond passenger business to fly cargo jets for the first time, with the help of a U.S. air services company.
July volumes at Georgia Ports Authority climb 18% Georgia Ports Authority kicks off the start of its new fiscal year with volumes at over a half million TEUs.
Mercado Libre's new S. American air cargo network mirrors Amazon model Mercado Libre is an online retailer with a private cargo airline. It is outsourcing air transport in Brazil to passenger airline Gol.
OPEC+ crude oil output makes biggest gain in five months, but gap with quotas grows: Platts survey
US EIA lowers global oil demand outlook for 2022, 2023 as economic concerns grow
Despite compromise, oil, gas bemoans climate bill while renewable groups rejoice
Crude prices steady as Russia concerns balance out against inflation woes, Iran talks
INTERVIEW: Proman Stena Bulk JV will capitalize on methanol's cost efficiency The comments come after a joint venture between the two companies, Proman Stena Bulk, announced in July its second methanol-powered newbuild tanker had been delivered. Both vessels will consume 12,500 mt/year of methanol, according to company material.
Power demand boosts Japan's Idemitsu Apr-June fuel oil sales by 24% on year Idemitsu's increased April-June fuel oil sales came as the largest refiner ENEOS expects April-September fuel oil demand for power generation to be up 90% from a year earlier amid high spot LNG prices, ENEOS Holdings Chairman Tsutomu Sugimori said July 20, a trend that is likely to continue in the October-March period as well.
REFINERY NEWS: Russia's Omsk launches new delayed coker: sources Finalizing of the works in the deep processing complex will increase the depth of processing up to 100%. The 2 million mt/year complex will enable the refinery to boost the depth of processing and regulate yields of gasoline, jet fuel and lubricants feedstock.
China's suspension of dialogue with US may further delay climate agenda Depending on the evolution of the China-US relationship, even some non-governmental bilateral exchange with Chinese entities, such as state-owned enterprises, quasi-governmental research institutes and industry associations, could be paused, Caroline Zhu, senior energy transition analyst with S&P Global Commodity Insights.
FEATURE: European refiners try to optimize amid gas crisis, North Sea decline Refiners have said they are doing their best to reduce use of natural gas as the market is squeezed by Russian supply shutoffs stemming from the conflict in Ukraine.
Japex cuts fiscal year 2022-23 overseas crude sales outlook by 54% Japex attributed its downward revision from an May 13 outlook to decreasing crude oil sales from the Gharraf oil field in Iraq because of an expected drop in equity allocation volume on account of higher crude oil prices.
Russia halts crude pipeline exports to Central Europe over payment dispute Deliveries to Hungary, Czechia and Slovakia were halted Aug. 4 after a payment for transit was returned to Transneft, due to EU regulations, the company said in a statement.
REFINERY NEWS: Limetree Bay Terminals changes name to reflect standalone status, no refinery update The terminal sector of the facility, which also includes a 176,400 b/d idled refinery, has positioned itself as a standalone entity, CEO Todd Dillabough said in the Aug. 8 statement.
OIL FUTURES: Brent jumps on suspension of Druzhba oil flows Earlier, Transneft said it had suspended oil deliveries on Aug. 4 to Hungary, Czechia and Slovakia, shutting down a significant volume of Druzbha pipeline supplies to central Europe.
REFINERY NEWS ROUNDUP: Plants in Europe report higher throughput France's TotalEnergies reported overall higher throughput at its refineries in Q2 as they increased their utilization rate to nearly 90%.
Shipowners can achieve better CII ratings with LNG retrofits: industry group SEA-LNG, a coalition of over 30 companies aiming to promote LNG as marine fuel, suggested such retrofits will help vessels achieve better emissions ratings in the International Maritime Organization's coming regulation and win businesses from eco-conscious charterers.
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