BOEM moves ahead on New York Bight and GoM offshore wind Secretary of the Interior Deb Haaland announced today that the Bureau of Ocean Energy Management (BOEM) will hold a wind auction February 23 for more than 480,000 acres offshore New York and
Princess Cruise Lines pleads guilty to second breach of probation In a reminder that breaches of probation have consequences, the U.S. Department on Justice reports that Princess Cruise Lines Ltd. yesterday pleaded guilty to a second violation of probation imposed as a
Maersk pushes net-zero GHG target forward to 2040 "If we all want a sustainable future this is it. We need to act now and act here," said Soren Skou, CEO of A.P. Moller - Maersk, as the company unveiled a
Construction starts on largest-yet Jones Act LNG bunkering barge Fincantieri Bay Shipbuilding, Sturgeon Bay, Wis., has started construction of the largest-ever Jones Act LNG (liquefied natural gas) bunkering barge. Crowley Maritime will operate the 12,000-cubic-meter barge under a long-term charter with
Exclusive: EU proposal would make charterers pay for emissions Changes to the EU ETS would add a binding clause to make charterers responsible for the costs of buying allowances...
Ship finance's great Libor switch-off gets underway Interest margins need to be recalculated on basis of new benchmark. What will that mean for your borrowing costs?
Nike finds sustainable transportation an uphill slog Maritime decarbonisation is often reduced to debating the incremental cost of a Nike sneaker when the shift to greener fuels...
Dry bulk rates slide as bearish sentiment sets in Average spot capesize rates shed 18% this week, while panamaxes lost 10%. The first quarter is typically the weakest in...
'Pollution-free' voyages possible using rotor sails and hydrogen fuel cells International Council of Clean Transportation study shows intra-country, pollution-free voyages possible using two technologies if renewable hydrogen is used
Port congestion leading to increasing equipment imbalance Boxes are leaving China and other Asian export hubs faster than they can be returned. Port congestion is driving the...
Gram Car Carriers aims for Oslo listing after private placement As part of the private placement, Gram buys two vessels from F. Laeisz for a total of $61.6m in shares...
Maersk brings forward decarbonisation goal Maersk wants to halve carbon intensity at sea by the end of the decade and be net zero 10 years...
Taiwan considers building domestic LNG carrier fleet Taiwan is planning to build a 'national fleet' of LNG carriers in order to take better control of the shipping...
Rising infections prompt warning over new crew-change crisis The key to a potential new crew-change crisis lies in whether governments will close borders and impose tighter travel curbs...
Daily Briefing Tanker scrapping key to profitability - or market recovery further delayed | Indonesia resumes coal exports under stricter controls |...
Wilhelmsen returns to tanker management with MPC Capital unit deal The acquisition of an 80% stake in Ahrenkiel Tankers 'is a clear statement of our intent to expand in the...
Imports take 'dramatically longer' to reach US as bottlenecks bite No letup yet: It's taking even longer for Asian exports to get across Pacific to American buyers.
Viewpoint: Purse strings are frayed - and US trade is held hostage The finger-pointing of blame and the political promises and suggestions are not improving the flow of trade.
Maersk moves up net-zero emissions goal by decade "This year will be the year for Maersk to ensure green solutions are developed end to end," said Henriette Hallberg Thygesen, CEO of fleet and...
Orsted, Liquid Wind partner in renewable methanol-for-shipping project Orsted is to acquire a 45% stake in power to fuel firm Liquid Winds FlagshipONE 70 MW electrolyzer plant in Sweden
Crude rally extends as US inventories fall to lowest in over 3 years Crude prices settled higher for a second straight session
FUJAIRAH DATA: Oil product stocks fall to near record low after big shipment of diesel More HSFO cargoes from Fujairah have been moving to Asia for winter demand for power generation, limiting supplies of both HSFO and LSFO for shipping use at the port, market sources told Platts.
Carbon border tax could help UK 'level up' and hit net-zero: CPS Both issues are top priorities for the UK government.
Container group Maersk brings forward net-zero target to 2040 amid supply gap Sourcing appropriate fuels remains a problem. The company has been a high-profile advocate of renewable methanol as a bunker fuel, alongside other fuels, as a way to meet its climate ambitions.
OIL FUTURES: Crude rally quickens after EIA reports larger-than-expected US stock draw US commercial crude oil stocks declined 4.55 million barrels to 413.3 million barrels in the week to Jan. 7, US Energy Information Administration data showed Jan. 12.
OPEC+ hikes December oil output, but falls well short of quotas again: Platts survey OPEC's 13 countries pumped 28.04 million b/d of crude, up 190,000 b/d from November, while nine non-OPEC partners pumped 13.98 million b/d, an increase of 120,000 b/d, the survey found.
Social cost of carbon seen likely to rise, could bring stronger climate regulations The social cost of carbon offers an estimate of the economic damages from emitting a metric ton of carbon dioxide into the atmosphere and is used by federal agencies to calculate the costs and benefits of climate regulations.
South Korea's marine fuel 0.5%S bunker supply tightens for prompt delivery: sources South Korea has been witnessing rough weather conditions since Jan. 11 and bunkering operations at Busan and Ulsan were restricted, said market sources. The weather is expected to recover in three to four days.
Oldendorff conducts biofuels trial voyage from Australia for sustainable shipping Oldendorff has carried out biofuel trials in the past. Last year, the company successfully conducted its first marine biofuel trial involving an ocean-going vessel bunkered in Singapore, in collaboration with global resources company BHP, advanced biofuels pioneer GoodFuels and the Maritime and Port Authority of Singapore.
Singapore Q1 delivered HSFO bunker premiums soften amid ample supply The world's largest bunker hub of Singapore remains well-supplied with HSFO cargoes, as Asian markets prepare to wind down for the Lunar New Year, with downstream bunker demand likely to pick up February onward, according to industry sources.
Renewable marine fuels are pricier but costs will be transferrable: MSC CEO *Sustainable fuels could be several hundred dollars more per metric ton *Carbon prices at current levels may narrow green premium
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