Maersk to make generational leadership change A fifth generation of the Maersk family is taking the helm at A.P. Moller-Maersk. Robert M'rsk Uggla, 43, has been nominated to become the new chairman of the company's board of directors
TTB 2022: Workforce Panel on Recruitment, Retention and Diversity On March 29-Day 1 of Marine Log's TTB 2022 conference for the tug, towboat and barge industry-three expert panelists will discuss ways in which tug, towboat and barge companies can better recruit
Wärtsilä to power Poland's first LNG-fueled RoPax ferries Poland's Remontowa Shipbuilding has contracted Wärtsilä to supply engines, fuel storage and supply systems for three new RoPax vessels to be operated by ferry companies Unity Line and Polferries. While Remontowa has
VIDEO: Senator Patty Murray meets ferry leaders On February 10, U.S. Sen. Patty Murray (D-Wash.), a senior member of the Senator Appropriations Committee, joined state and local transit leaders from the Kitsap Peninsula for a wide ranging discussion of
Seanergy regains Nasdaq compliance Capesize specialist's share price has met the market requirement for 10 consecutive trading days
Shipping wants a voice in EU trade review Owner groups want assurance of a level playing field as the bloc pursues ambitious climate reforms and more 'strategic autonomy'...
Ardmore increases spot exposure ahead of anticipated market recovery Ardmore Shipping remains well-positioned in terms of market upside and financial strength, says Anthony Gurnee
Boxship dearth limits charter transactions Recent fixtures have been limited to regional feeder vessels while owners hold out for the most attractive rates
Capesize rates pull back after rapid 66% rise The average weighted time charter is at $14,209 per day on the Baltic Exchange from $15,789 on February 10. The...
Euroseas eyes sustained period of 'extremely high' profits Port delays resulted in Synergy Oakland remaining on hire at a $200k daily rate for 25 days longer
Saverys family return to Euronav in shareholding U-turn Hot on the heels of John Fredriksen's share raid on rival Euronav, the Saverys family have been buying back into...
Berge Bulk capesize and MR2 tanker on the block An ageing capesize bulk carrier controlled by Berge Bulk and a 21-year-old MR2 tanker owned by UAE interests have both...
Shipping return on equity inflated by surge in vessel values Yardstick flattered by rising prices for ships, and will swing the other way when they return to historic norms, say...
CSSC yard seals feeder boxship pair from CU Lines The deal brings the total number of boxships ordered by the Chinese shipping line at the compatriot yard to six
The Alliance upgrades service offer With port disruptions and bottlenecks still hitting supply chains, The Alliance is breaking up one of its pendulum services
Precious Shipping sees volatile bulker market ahead Managing director Khalid Hashim says pandemic is unlikely to fade away soon and this will result in greater fleet inefficiencies...
Maersk changes the guard with new board leadership Robert Uggla has been appointed to lead the board of AP Moller-Maersk. As a key driver of the company's transformation...
Organisations join up for major push on electronic bills of lading The pandemic showed the weaknesses of paper-based documentation in shipping. A new alliance of industry bodies wants to push ahead...
Beijing's strict testing rules present crew-change challenge A shortage of China-approved self-test kits is cited as a problem for shipping companies scrabbling to comply with the new...
Daily Briefing Who should pay for the EU ETS? | Crew abandonment cases increase 138% during pandemic | Rising US oil production...
Ceres to lease Jacksonville container terminal as throughput rises Jaxport chief executive Eric Green says the agreement is a important step forward in the port's master plan
Evergreen stops calls at Myanmar's junta-controlled terminal Company says that it has no business relations with Myanmar's junta, with vessel calls at Hteedan Port Terminal arranged by...
Supply chain signals: New-container prices and production finally peak After last year's historic run-up, factories are producing fewer containers and pricing of new boxes is down.
Sichuan Airlines to receive 1st A330 converted freighters built in China CBD - we know what you're thinking - also stands for Chinese Development Bank and it is going deeper into air cargo leasing.
Making money isn't a problem but Hapag-Lloyd's CEO still has worries "Everything we have sails. Every box we have we try to move," says Hapag-Lloyd CEO Rolf Habben Jansen.
Ceres, JAXPORT agree to 20-year lease of container terminal Ceres Terminals will lease, operate and modernize the TraPac Jacksonville terminal in a $60 million deal.
Flexport to launch Eastern Airlines' 777 express freighter service Third-party logistics provider Flexport's latest innovation: renting modified passenger aircraft for dedicated cargo service from a novice cargo carrier.
Crude retreats as Russian claims of troop withdrawals ease invasion fears NYMEX March RBOB finished 11.03 cents lower.
Glencore's oil trades slip for second year as metals drive earnings growth Reporting its full-year earnings, Glencore said volumes of crude and oil products traded in the year totaled 1.41 billion barrels, or some 3.86 million b/d, down from 1.53 billion barrels, or 4.18 million b/d, in 2020.
REFINERY NEWS ROUNDUP: Another refinery closure announced in South Africa The closure of Sapref comes as Engen's Durban refinery is due to be converted into a terminal while the Cape Town refinery is expecting to restart in the second half of 2022, having been offline since mid-2020.
INTERVIEW: Green hydrogen costs still need dramatic fall, despite soaring gas: Linde The recent record-high gas prices in Europe had made it easier to talk about green hydrogen today, Burns said, but noted that longer term, a stable, consistent high carbon price was needed to support low-carbon and renewable hydrogen projects.
Oil markets catch breath on signs of Ukraine diplomacy In recent weeks, Russia's key crude grade Urals has felt the weight of possible sanctions, Rebeka Foley Oil Market Analyst, Europe & FSU at S&P Global Platts Analytics said.
REFINERY NEWS: Greece's Elefsis maintenance to last into March: traders The refinery reported a small fire on Jan. 26 which, according to traders, could have extended the planned turnaround.
RUSSIA DATA: Jan crude, product port throughput up 15.5% on year Crude oil throughput was 21.9% higher at 21.9 million mt, while oil products rose 10.7% to 13 million mt, the association said. LNG was up 1% at 3.3 million mt.
European buyers spurn Urals as crude quality spreads widen to record levels While Urals produces plenty of distillates -- the type of product that has been in very high demand recently -- it has lost favor among European refiners because it is sour.
OIL FUTURES: Crude slides as Russia says removes some troops from Ukraine border The Russian Defense Ministry said Feb. 15 that it was pulling back some of its troops from the Ukrainian border after the completion of some planned military exercises.
Singapore delivered MF0.5%S premiums soften, narrow differential with ex-wharf Bunker suppliers were heard offering the delivered International Maritime Organization-compliant bunker fuel more aggressively than before to clear outstanding cargoes within February, largely driven by the flat price surge and to also minimize inventories rolling over into March, market sources said Feb. 15.
Singapore Q1 ex-wharf LSFO premiums higher, Q2 shrouded in uncertainty Low sulfur fuel oil inventories dwindled since the start of Q4 amid a shortage of components for the blending pool.
JAPAN DATA: 2021 bonded bunker fuel oil sales gain 4.6% on year to 33.6 mil barrels Market sources said bunker demand was strong for most of the time in 2021 as freight rates, especially for dry bulk, stayed bullish.
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