Lyon Shipyard to drydock a dry dock The Navy's Mid-Atlantic Regional Maintenance Center (MARMC) has awarded Lyon Shipyard a $16.3 million contract to complete the dry-docked availability phased maintenance availability onboard the USS Dynamic (AFDL-6) and Barge (YFND-30). Delivered
CMA CGM: We won't carry plastic waste Back in January, Eastern Pacific Shipping announced that it would not carry coal cargoes. Last week, in a speech at the One Ocean Summit organized by President of the French Republic Emmanuel
10 minutes with Gulf Marine Repair president Richard McCreary On January 31, family-owned Hendry Marine Industries appointed Richard McCreary as president of its Gulf Marine Repair shipyard in Tampa, Fla. The shipyard's core business focuses on repair, conversion and modification of
South Fork offshore wind project starts construction U.S. Secretary of the Interior Deb Haaland and New York State Gov. Kathy Hochul were among dignitaries picking up shovels in East Hampton, N.Y., Friday, to commemorate the groundbreaking of the South
C&C Marine delivers third towboat in Hines Furlong trio C&C Marine and Repair, Belle Chasse, La., recently delivered M/V Zephyr, the final vessel in a series of three ordered by Nashville, Tenn.-based Hines Furlong Line Inc. Like the M/V Bowling Green,
New Thordon shaft seal has Safe Return to Port feature Water-lubricated bearing specialist Thordon Bearings, Burlington, Ontario, has unveiled a new propeller shaft seal with a unique Safe Return to Port (SRTP) design. The Thordon BlueWater Seal completes the company's COMPAC open
Black Sea exports head for fall on ever-rising threat of war Shipping will likely suffer as speculation circulates that Russia is preparing to invade Ukraine
Who should pay for the EU ETS? The European Union is grappling with how to assign responsibility for buying carbon credits under the emissions trading system. Getting...
Crew abandonment cases increase 138% during pandemic The past year's record number of crew abandonment cases is set to be surpassed this year as the number of...
BDI upturn boosts bulker sale and purchase Surging dry cargo markets have driven owners to commit tonnage for sale
Oil demand and supply continue to grow, but tanker activity lags pre-pandemic levels Crude tanker supply surplus continues as oil demand returns to pre-pandemic levels. The IEA expects the global oil supply to...
Levels of seafarer bullying 'have not changed in 30 years' The answer to bullying lies in enforcing compliance with existing regulations rather than in new regulations, a new report says...
Scorpio Tankers awaits recovery amid $234m full-year loss While the Omicron variant pushed back a product tanker revival into 2022, the recovery is near, company chairman says. There...
Taiwan to boost basic rate of pay for seafarers Taiwan's proposal is undergoing public review and is expected to be implemented on February 21. The raises are viewed as...
The week in charts: Maersk reports record profit | PCTCs dominate newbuild orders | Schedule reliability at record low Maersk reports net profits of $18bn, eight orders placed for zero-carbon pure car and truck carriers, ship recycling prices on...
US west coast box volumes retreat from peak Import volume growth remained above historical averages in 2021. But the indications are that the peak may already have passed
HMM posts record profit on high freight rates HMM follows rivals in posting a substantial increase in full-year results. It also posted double-digit growth from the third to...
Daily Briefing Containership bonanza offsets decades of financial underperformance | HCOB ready to finance booming boxship companies after clocking up 25% return...
Rising US oil production to rescue tanker market Historical data shows the increase of US oil exports goes hand in hand with production growth. And a large portion...
GSCW chat: Port of NY/NJ maintains fluidity amid record growth A one-on-one talk with the head of maritime operations for the Port of New York/New Jersey.
GSCW chat: Shipping stocks surged - but haven't peaked Jefferies analyst Randy Giveans maintains that container shipping stocks still have a lot more room to run.
Astral Aviation to be launch operator for A320 converted freighter The new A320 passenger-to-freighter jet is ready to join its sister, the A321, on the market as the aircraft attract more interest for airlines.
GSCW chat: Shippers face big risks from trans-Pacific contracts Xeneta CEO Patrik Berglund explains how carrier negotiating power has changed the annual contracting equation.
New wave of contracts will lock in much higher shipping rates Long-term contract rates are at record highs. Shipping lines hold all the cards at the negotiating table.
US crude stocks expected lower, but likely weaker refinery demand blunts draw US crude oil inventory declines are expected to have extended in the week to Feb. 11, analysts surveyed by S&P Global Platts said Feb. 14 but draws were likely blunted by weaker refinery demand caused by severe winter weather over the period.
US high sulfur fuel oil highest since September 2014 High sulfur fuel oil in the US joined ICE Brent futures in reaching new seven and a half year highs Feb. 14, surging with the US crude complex.
AMERICAS BUNKERS: Key market indicators Feb. 14-18 Spot marine fuel bunkers retail pricing in the Americas enters the week of Feb. 14-18 looking for direction from key global crude indicators following a period of overall bullish trends tied to rising futures values.
OIL FUTURES: Crude rally extends as market eyes escalating Ukraine-Russia tensions Crude futures finished a volatile session sharply higher Feb. 14 as the market braced for potential supply disruptions amid continued escalation of the Ukraine-Russia crisis.
'They've got to beat all of us;' federal officials call for collaboration on cybersecurity Shoring up the US' energy systems from cyberthreats will require collaboration between industry and all levels of government, federal officials said Feb. 14.
SPAIN DATA: 2021 crude throughput one tenth below pre-pandemic levels Fuel oil demand rose 8% on the year to 6.3 million mt but fell 24% from 2019 and 21% from the previous five-year average.
CRUDE MOC: Sour complex surges amid supply constraints, capped arbitrage flows Spot buying activity for April-loading crude is likely to increase in the coming days amid a slew of buy-sell tenders expected, sources said.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators The traditional arbitrage route for very low sulfur fuel oil to make its way from European markets to Singapore is closed due to the steep backwardation in the prompt months of the forward curve, according to European fuel oil traders.
Western majors mull future in Russia faced with new sanctions risk In conference calls on 2021 results, international oil majors mainly took a positive stance on their future in Russia yet were also ready for alternative outcomes.
OIL FUTURES: Crude climbs on Ukraine conflict concerns, demand picture As Russia is the second-largest exporter of crude oil globally, and the leading natural gas exporter, such disruptions to supply will put a firmer chokehold on already constricted global demand.
RUSSIA DATA: Seaports throughput rises 9.1% on year in Jan Liquids throughput for the first month of the year stood at 38.6 million mt and dry bulk was at 30.8 million mt.
Current oil price due to geopolitical tension, not market fundamentals: UAE minister Crude prices continued to rise Feb. 14 on concerns around a potential conflict in Ukraine.
Asia residual fuels: Key market indicators for Feb 14-18 In contrast, a stock build in the high sulfur fuel oil market is expected to limit premiums in the Singapore ex-wharf 380CST market, bunker suppliers in the city-state said, although in the short-term, bunker premiums are expected to rise as receiving vessels arrive in Singapore in the week ended Feb. 18.
Oman's cargo volume rose 9% in 2021 as container throughput climbed 2% In 2021, Omani ports handled 5.2 million TEUs of containers, a 2% increase from 2020, with the biggest volumes recorded in Salalah port.
SINGAPORE DATA: Jan bunker sales fall to 19-month low at 4.03 mil mt High crude oil prices coupled with strong premiums of delivered MF 0.5%S driven by supply shortages have slowed demand, a bunker supplier said.
Japan's bunker barge fees seen set to rise amid moves to cap crew working hours "There is still a possibility of barge companies raising the fee from April," a bunker trader said.
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