Austal USA starts construction of its first steel ship Mobile, Ala., based Austal USA today celebrated the start of construction on its first steel ship: a U.S. Navy Navajo Class Towing, Salvage, and Rescue Ship (T-ATS 11). The milestone was observed
Mystery buyer orders ultra lux cruise ship at Fincantieri Trieste, Italy, headquartered Fincantieri has signed a contract for the construction of a new ultra-luxury cruise ship with what it describes only as "an international customer." The ship is to be delivered
C-Job will design fully-electric RoPax for Saronic Ferries Netherlands-based C-Job Naval Architects is to develop the design for Greece's first full-electric RoPax ferry. The 800-passenger vessel is being designed for Saronic Ferries, which, with a five-vessel fleet, is the largest
Modern laker Mark W. Barker begins sea trials The Interlake Steamship Company has released photographs of its new 639-foot River class self-unloading bulker on initial sea rials. Named for Interlake Steamship's president, the vessel, the M/V Mark W. Barker, has
Seanergy spin-off makes initial splash with deal for four tankers 'Bullish' tanker outlook makes the sector ideal fit, says chief executive Stamatis Tsantanis
MS Amlin Underwriting names Malcolm Barnes head of marine Move follows recent appointment of new deputy chief underwriting officer at Lloyd's (re)insurer
Week in charts: Ukraine turns to alternative trade routes | Capesize iron ore loadings fall 21% | Dark port calls rise in Crimea | Newbuilding prices up over 25% in 18 months Increase in dark port calls in the Crimea region as Ukrainian officials accuse Russia of stealing grain from occupied territories...
Limited coal from Australia adds to panamax pressure Heavy rains and floods in New South Wales have restricted coal exports from Newcastle port, leaving panamax earnings below $20,000...
Venezuela's claim over 'rammed' patrol boat must go to arbitration, High Court rules Case centres on naval patrol vessel that fired on upmarket Antarctic cruiseship and then sank
Russian class society remains EU 'recognised organisation' Division within the EU has left the Russian Maritime Register in a limbo state - at once subject to direct...
Jailed former shipowner Nobu Su freed from London prison Ex-billionaire refuses to pay $60m judgment, claiming it was obtained by fraud. Similar claims made in UK courts have been...
MOL teams up with Drax on wind-powered bulkers The two companies plan to facilitate the development of wind-powered vessels to ship Drax's wood pellets to Japan, where the...
Cosco eyes methanol to fuel large boxships and ore carriers While Cosco Shipping has yet to order any dual-fuel boxships, the large containerships it already has on order are said to...
Singapore continues to dominate key maritime centres index London ranked second followed by Shanghai, Hong Kong, Dubai, Rotterdam and Hamburg
US containerised imports at record highs US consumers continue to drive record freight volumes. But signs are emerging that a slowdown is coming after the past...
Week in newbuildings: New orders worth $4.2bn confirmed New orders confirmed at Chinese, Italian and South Korean shipyards
Share exchange launched for Frontline and Euronav merger Merged company to relocate and incorporate in Cyprus before share exchange begins in fourth quarter
Maritime conventions must be more than minimum standards Conventions are a diplomatic fudge but they set minimum standards of acceptability. However, those who benchmark themselves against minimum standards...
Golden Ocean orders kamsarmax trio at Chinese shipyard Company also announces sale of two ultramax vessels, proceeds of which will be used for the new kamsarmaxes
Daily Briefing Ex-Sovcomflot LNG trio lifts Anna Angelicoussi group spend to near $1bn | Ukraine's trade shift a boon for neighbouring ports...
Long Beach container backlog crosses red line as delays mount Southern California ports can't evacuate import containers fast enough. The backlog has yet again reached critical levels.
All Nippon Airways changes Boeing 777 order to get next-gen freighters All Nippon Airways is partially changing a large order for Boeing's upgraded 777 of the future to include a couple of cargo jets.
Global refining margins fall on inflation-fueled demand destruction, rising refinery rates Global refining margins weakened on lower demand and rising available refining capacity
Crude wavers as market eyes China lockdowns, stronger US dollar Crude oil futures finish a volatile session mixed July 11
EKOFISK CRUDE TRACKER: Four Aframaxes arrive to load in week to July 10 Weekly exports have returned to normal following maintenance through June.
Renewables remain Australia's cheapest option but cost declines 'have stalled' Tight supply chains, a mixed recovery from the COVID-19 pandemic and an increase in global energy prices, however, had increased the potential for price pressures on wind and solar for the coming year, it said.
Fuel oil loadings from Russia's Novorossiisk seen at 180,000 mt in July The drop in loadings out of the Black Sea follows news of a well-supplied high sulfur fuel oil market across Northwest Europe, with traders noting increased availability of Russian-origin material in the market.
Russia's Novorossiisk diesel exports rise 137.5% on month to 250,800 mt High run rates at Russian refineries and the return from maintenance meant Russian diesel production is expected to be strong in July, while domestic demand faces the seasonal dip between the spring sowing and autumn harvest seasons.
OIL FUTURES: Falls after Russian court overturns ban on Kazakh CPC crude loading The ruling allays concern about renewed disruption to Kazakhstan's crude oil exports, which are mainly via the CPC route across southern Russia to the Russian Black Sea port, after a July 5 court ruling ordered a 30-day suspension of activity in an environmental case relating to a 2021 oil spill.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators July 11-15 European 0.5%S markets were softer on the week to July 8, as market sources highlighted increased MF supply in the Mediterranean.
Spain's Cepsa says Q2 refinery output rises 5% to 5.4 mil mt Cepsa has two operating refineries -- a 240,000 b/d facility at Algeciras and a 220,000 b/d facility at Huelva -- in southwest Spain at the entrance to the Mediterranean from the Atlantic.
REFINERY NEWS ROUNDUP: Limited maintenance in Middle East Egypt's Alexandria Petroleum Corp. refinery, which produces oil products as well as solvents and lubricants, will conduct the initial phase of a flare recovery project in the country using Baker Hughes technology with the aim of reducing greenhouse gas emissions from oil and gas operations.
REFINERY NEWS: Hungary's MOL plans Danube turnarounds in August, October In August, the Danube refinery will operate at about 35% of its capacity, Ratatics said without disclosing exactly which units would be affected.
REFINERY NEWS: Sannazzaro to restart crude refining activities end-July - sources Eni's Sannazzaro de Burgondi refinery in Northern Italy, which is partially offline, plans to restart its crude refining activities at the end of July, sources close to the refinery said.
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