Bisso Towboat adds ninth ASD tractor tug Luling, La.-based Bisso Towboat Company Inc. has taken delivery of its newest ship' assist tug, the 6,008 bhp ASD tractor tug Capt. Joseph Bisso. The 100- by 38- by 13.5-foot vessel is
Bollinger wins third Electric Boat contract Bollinger Shipyards LLC is to construct a new 496- by 95-foot pontoon launcher for General Dynamics Electric Boat. The unit will support the construction and launching of the Columbia Class ballistic missile
Wärtsilä signs long term LNG carrier maintenance deal Putting the long in "long term," Singapore-based NYK Shipmanagement has signed a 13-year optimized maintenance agreement with Wärtsilä. The contract is designed to ensure maximum uptime and equipment reliability, with assured maintenance
VIDEO: Ingalls Shipbuilding launches LPD 29 Huntington Ingalls Industries' (NYSE: HII) reports that its Ingalls Shipbuilding division has successfully launched the amphibious transport dock Richard M. McCool Jr. (LPD 29), the 13th LPD in the San Antonio class
Q&A: ABS Director for Global Sustainability Georgios Plevrakis Georgios Plevrakis serves as ABS director for global sustainability, based in Athens, Greece, where he's responsible for helping owners and operators develop fuel and operational strategies to meet sustainability goals. Before joining
Podcast: ClassNK talks Carbon Intensity Index compliance In this edition of Marine Log's Listen Up! podcast, we talk to ClassNK senior specialist Shimpei Watanabe on what shipowners need to do to meet IMO's Carbon Intensity Index (CII) requirements and
Banks to take control at Vroon Group Netherlands-based Vroon Group reports that it has reached a preliminary agreement on debt restructuring that will see its lenders become its majority shareholders. "For several years Vroon has been in discussions with
Fairbanks Morse Defense books $13 million USCG contract Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has been awarded a five-year indefinite-delivery/indefinite-quantity (IDIQ) requirements contract by the U.S. Coast Guard (USCG) Surface Forces Logistic Center. The agreement,
Scrapping slumps on dry bulk and boxship rates boom Containerships comprise less than 1% of all tonnage scrapped as record-breaking freight rates kept elderly ships trading
Vroon family lose control in restructuring with lenders Lenders will take a majority shareholding in offshore support vessel company Vroon as part of a debt for equity swap...
Global shipbroker opens new Athens office Initial remit of Greek office is dry cargo but the shipbroker sees its scope expanding to other departments 'in near...
New dry bulk operation eyes panamax sector Emergence of Bluepool underlines increased interest in commercial platforms in the Greek shipping community
Ecsa names Philippos Philis as president Philis says his presidency comes at a 'very challenging time' amid the coronavirus pandemic, the climate crisis, and the need...
Congestion and delays blight outlook Backed up ports and terminals mean that over a tenth of available capacity is effectively idle. With few signs of...
Maersk opts for four more methanol-fuelled boxships Maersk said the 12 ships would save 1.5m tonnes of CO2 a year, or 4.5% of fleet emissions. It is...
Brazil's Vale halts some operations due to heavy rains While Vale's northern system has not been affected by the rains, some of its southern and southeastern operations have been...
Unipec dominates crude tanker spot market Trading arm of Sinopec lifted nearly 18.5% of all dirty cargoes and half of China-bound shipments, data shows. China's Sinopec is...
Korea Shipbuilding wins fresh orders worth $1.1bn The early gains come as owners' appetite for fresh tonnage, especially newbuilding containerships, seems to have continued into this year
Daily Briefing MSC and Maersk: When biggest is no big deal | Capital Ship tankers join Heidmar pools via joint venture |...
Zhonggu Logistics to acquire a terminal stake at Tianjian port The acquisition will also speed up Zhonggu's strategy relating to the containerisation of bulk cargo in northern China
More Chinese port cities hit by rising infections 'The risk of shutdowns in China is significant,' according to consultancy Sea-Intelligence, with the global logistics logjam looking set to...
US retail import growth rates seen levelling out Import volumes in the first half of 2022 are forecast to increase by 3.5%
As liner stocks keep rising, other shipping shares are stalling Shares of Zim are flirting with a new peak while shares of ship-leasing, dry bulk and tanker companies lose ground.
COVID dominoes fall in China; air and sea shipments delayed More COVID control measures in China are impacting international goods movement.
FedEx air shipments delayed as omicron variant sickens pilots The omicron variant is depleting aircrews at FedEx just as it has among passenger airlines, resulting in customer delays for both industries.
Mission creep: Why the FTC is investigating retail supply chain distortions The Biden administration wants consumer protection regulators to examine whether giant retailers are creating supply chain distortions for smaller businesses.
Qatar cuts February Marine crude OSP by $1.70/b, Land by $1.80/b from January February OSP differential set at $1.35/b against the average of S&P Global Platts Dubai and Oman crude assessments in the month of loading, down from $3.05/b in January.
Shipping line Spliethoff starts 100% biofuel trial Move follows successful trials of 50% biofuel-50% fuel oil blends, the company said in a statement Jan. 10.
Crude edges lower as supply concerns recede, Chinese COVID-19 cases rise NYMEX February WTI settled 67 cents lower at $78.23/b, and ICE March Brent declined 95 cents to $80.80/b.
RUSSIA DATA: Dec refining throughput rises 7% on year to 24.676 mil mt The year-on-year increase in throughput was due to run cuts in 2020, while the monthly increase followed the completion of autumn refinery turnarounds.
No Platts Americas tanker and container assessments to be published Jan. 17 S&P Global Platts will not publish any Americas clean and dirty tanker assessments or container assessments Jan. 17, 2022, due to the Martin Luther King Jr. Day holiday in the US.
Russian refinery Tuapse's gasoil exports to rise nearly fourfold on month in Jan The predominantly export-oriented Tuapse refinery was back online, according to market sources after planned work from November.
Libyan oil output recovers to around 900,000 b/d, western blockade still in place This comes a few days after crude production had fallen to a 14-month low of 729,000 b/d, according to a statement from state-owned National Oil Corporation.
Pakistan's refiners call for fuel oil's share in power generation to be maintained In the letter addressed to the energy ministry, the Oil Companies Advisory Council proposed that keeping 1.5 GW of fuel oil-fired power generation capacity operating for the next five years would ensure HSFO demand of 3 million mt/year, providing a cushion to refineries as they carry out the work necessary to reduce their output of fuel oil.
OIL FUTURES: Crude edges down as production concerns in Kazakhstan ease Kazakhstan's oil supply is expected to rise, with the Chevron-led consortium Tengizchevroil, which operates the country's Tengiz oil field, saying Jan. 9 that production was returning to normal after protests at the site disrupted operations in the week ended Jan. 7.
CHINA DATA: Carbon trade volume down 84% on week after first compliance period Dec. 31 was the due date of China carbon market's first compliance period, and last week's trade volume totaled 28.07 million mtCO2e. The demand was driven companies needing to fulfill their compliance obligations by the due date. The market cooled after the first compliance period ended.
China's Tianjin bunkering operations unaffected despite omicron cases: source China has been tightening the regulations to prevent the spread of coronavirus, including on bunkering operations.
ICE LSGO futures net speculative length up 4,536 contracts on week Managed money long positions rose by 7,440 contracts to 108,873, while short positions increased by 2,904 contracts to 9,672.
Russia's Tuapse ULSD exports set to jump 60% on month in Jan Some market participants expect the actual exports to be lower than the figure, as Russia's Black Sea ports have been experiencing loading delays due to cold snap and high swell.
FEATURE: Gulf Coast ULSD volumes down, jet fuel up in 2021 Platts MOC process Market participants exchanged 90.475 million barrels of Gulf Coast ULSD during the MOC process in 2021, with Enterprise leading all buyers and Koch emerging as the most prominent seller, S&P Global Platts data shows.
Kazakhstan's Tengiz oil field operator says resuming normal output after protests After Russia, the Central Asian nation is the second largest crude producer among the non-OPEC nations in the OPEC+ group, which has been coordinating production levels in the wake of the pandemic.
Asia residual fuels: Key market indicators for Jan. 10-14 VLSFO vargo supply remains uncertain with at least one early-February arrival very low sulfur fuel oil blending component cargo from Africa delayed.
Fujairah Jan ex-wharf low sulfur marine fuel premiums steady amid tight stockpiles Some bunker suppliers encountered declining low sulfur fuel oil stockpiles, as shipments of replenishment cargoes were delayed because of bad weather, reducing the availability of ex-wharf cargoes for sale, market sources said.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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