Wärtsilä plans to end engine manufacturing in Italy Wärtsilä says it plans to ramp down engine manufacturing in Trieste, Italy, and to centralize its European four-stroke engine manufacturing in Vaasa, Finland. While the Trieste site (once home of Grande Motori
Maersk Supply lines up second U.S. offshore wind installation contract Back in March, Maersk Supply Service reported that it had ordered an innovative wind turbine installation vessel (WTIV) at Sembcorp Marine and had been awarded a firm contract with Empire Offshore Wind,
BW LPG appoints Kristian Sørensen as deputy chief executive Mr Sørensen will join the company in September
Maritime coalition targets 15% cut in emissions by tackling waiting times Blue Visby solution claims to have most of the advantages of just-in-time without its problems
Ukraine grain export plan edges toward political agreement Optimism is growing that a deal to secure vessels exporting grain from Ukraine could be agreed imminently with the help...
Sri Lanka ports remain insulated from economic collapse for now Ring-fenced fuel reserves and currency restrictions have kept Colombo running through the economic crisis, however volumes have been steadily declining...
Congested US rail system threatens 'nationwide logjam' Los Angeles and Long Beach reported record high volumes in June. But disruptions in the inland supply chain threaten to...
Ship scrapping activity sees sharp drop Tankers continue to provide the majority of scrapping candidates, followed by bulk carriers
European ports facing multiple challenges As Europe's ports begin to report their first-half volumes, a downward trend is visible. Industrial action is further adding to...
Master of RCL vessel detained during Indonesian export ban faces court action The Indonesian navy intercepted Mathu Bhum on May 4, but Regional Container Lines says its ship was carrying palm oil...
Taylor Maritime optimistic for handysize sector The company expects a strong market this year, with minor bulk tonne-mile demand growth around 2.1% followed by 2.7% in...
New Panama Canal tolls get government approval Consultation sees reduction in costs for empties and grace period for passenger vessels. Fees will give more 'visibility and predictability'
Britannia sees red as pool remains under pressure P&I club annual review confirms another record-breaking year for pool scheme, with claims close to $500m
Smaller freight forwarders struggling with digitalisation The benefits of digitalisation are enormous when taken at a global scale. But not all freight forwarders have the scale...
PIL launches initiatives to improve safety and efficiency PIL has also signed an agreement with Singapore Polytechnic's Centre of Excellence in Maritime Safety to collaborate on a technology...
Singapore aims to improve port energy use with battery system Storage system has the potential to improve the energy efficiency of port operations by 2.5% and reduce the port's carbon...
HMM to invest $11.4bn for fleet expansion and growth Bulk of the investment will be allocated to secure core assets such as ships, terminals, and logistics facilities, company says
Daily Briefing Bunker suppliers struggle to meet demand for forward commitment | 'Political' expulsions are compromising maritime safety, says Russia | Seafarer...
Feds gives shippers new power to dispute ocean carrier charges New guidance from the Federal Maritime Commission on disputing ocean carrier charges is considered a "landmark moment" by U.S. exporters.
HMM growing container ship fleet as part of $11B investment Ocean carrier HMM announced Thursday it will invest $7.5 billion over the next five years on ships, terminals and logistics facilities.
EU awards Eur1.8 billion support to 17 clean-tech projects
US, EU could waive some Russia sanctions if oil price cap approved: Yellen
Japan to have up to nine nuclear reactors operational by winter: PM
Crude edges lower as hot inflation, rising unemployment prompt recession fears
Doubts hover over UN plan to access Ukrainian grain sea exports: market No formal agreement had been signed between Russia and Ukraine, the UN said.
US LPG exports to Med, NWE in July up to 383,000 mt: Kpler Some 1.305 million mt of US LPG was imported into the two regions in June -- 888,000 mt propane and 416,000 mt butane.
REFINERY NEWS ROUNDUP: Higher demand, maintenance plans in Asia-Pacific India's jet fuel consumption maintained more than two-year highs in June as the aviation sector continues to recover. Gasoil consumption also rose in June after cuts in excise duties spurred demand.
OIL FUTURES: Crude tests five-month lows as recession concerns grip market The US producer price index climbed 1.1% in June, US Bureau of Labor Statistics data showed July 14, meaning wholesale prices have increased 11.3% from a year ago.
Shell CEO warns of possible energy rationing this winter in Europe Russian gas supply curtailments have left much of Europe short of gas at a time when storage is usually refilled ahead of winter, fueling concerns of shortages in the coming winter.
REFINERY NEWS: Repsol unions call six days of strikes The three main unions of Repsol workers, CCOO, UGT and STR, have called for six days of strike action in July and August, according to a joint statement issued July 13.
BELGIAN DATA: Port of Antwerp liquids throughput up 16.5% in H1 amid diesel, HSFO bounce Throughput of diesel and fuel oil, key Russian exports to Europe, had been steadily declining since 2019 but in H1 2022 they grew 10.4% on the year, the port authority said in a statement.
REFINERY NEWS: Some Russian plants restarting July-August from works Russia's Astrakhan refinery, which predominantly processes gas condensate and produces only light products, has delayed its restart from maintenance, but is due to restart in early August, according to market sources.
Storage hubs, ship transfers create tracking difficulties for Russian-origin barrels: analysts Russian Urals is trading at a significant discount to international benchmark Dated Brent and this adds to the attraction of Russian material.
Pakistan State Oil buys HSFO for H1 August delivery Pakistan State Oil last bought one 65,000-mt HSFO cargo with the similar specifications for the second half of July delivery from Coral Energy at a premium of $85/mt to the MOPAG 180 CST assessments.
VIETNAM DATA: June oil product imports rise 17% on year to 617,834 mt South Korea and Thailand were the two major suppliers of oil products in the month.
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