Seaspan Shipyards puts virtual reality to work With a 5.6 meter wide display wall as its centerpiece, an immersive visualization system unveiled by Canada's Seaspan Shipyards allows users to access a virtual reality environment designed to take the use
Funding for Cal Maritime NSMV training ship secured In good news for the California State University Maritime Academy (Cal Maritime) and Philly Shipyard, the $1.5 billion omnibus spending bill signed into law by President Biden yesterday includes funding for the
Maintenance error led to $3.8 million Washington State Ferry engine failure Insufficient tightening of a bolt during an engine overhaul on the Washington State Ferry Wenatchee led to a catastrophic engine failure with expensive consequences, according to a National Transportation Safety Board (NTSB)
Seanergy capesize biofuel trial sees 10% cut in emissions Trial showed a greater reduction than in a previous test with a different bulker last year involving the same charterers...
Sanctions on Russia shipbuilders turn attention to Zvezda and LNG carriers Zvezda Shipbuilding Complex not named on EU list but future of its LNG orderbook, for which Samsung Heavy Industries is...
D'Amico's dry bulk unit 'extremely cautious' over Russia links The next generation of the family-run business Emanuele d'Amico talks exclusively with Lloyd's List about navigating challenges in the dry...
IMO to revisit compulsory cover amid concern over uninsured oil spills Some pollution incidents not insured, and non-International Group P&I providers sometimes refuse to pay out, leaving bill with IOPC Funds
Boxship groundings have seen steady decline since 2008 peak Data shows containership groundings peaked in 2008 and have been on a relative decline ever since
Resolving inland congestion seen as key to releasing supply chain capacity Even with stabilised demand, capacity will remain strained until inland logistics logjams are resolved. At best this could happen this...
Dimitris Krontiras, Citibank executive who pioneered ship finance in Greece, dies at 86 Mr Krontiras forged a path for a younger generation of Greek bankers and also launched his own family shipping businesses
Shut-in Russian oil adds to global tanker market woes as energy turmoil rises IEA monthly oil report shows 40% of seaborne crude exports cut by April, as release of UK citizen in Iran...
U-Ming receives $50m green loan for fleet renewal This deal is the second financing arrangement of such a type reported by U-Ming this year following a $70m loan signed...
US trials data sharing programme to ease supply chain congestion Individual links in supply chains tend to operate in silos. The US government is pushing a programme to help data...
How to pay your Ukrainian (and Russian) seafarers Stuart Ostrow of US-based ShipMoney says he has been inundated with requests to explain and implement the virtual card payment...
Evergreen returns to Hudong-Zhonghua for ultra-large boxship order Deal signals continued momentum for the Taiwanese carrier to expand its orderbook after a significant improvement in earnings last year
MOL joins Japanese project to develop methane slip technology The new technology's environmental impact is achieved via a methane slip reduction rate of over 70% over a six-year period...
Wan Hai to issue $2bn in bonds to back fleet expansion Wan Hai will preserve part of the record profits earned last year to increase self-owned assets that will help expand...
Daily Briefing Carriers hit by China lockdown fallout | North and Standard merger likely to spark P&I consolidation | Iran readies tanker...
Is this the calm before California ports' next cargo storm? California ports make progress on bottlenecks, but Chinese lockdowns could spur "hockey stick" import rise.
S&P Global Commodity Insights to update some global fuel oil fixed pages The conversion rates will continue to be published on the fixed pages. Some prices, which are databased in both barrels and metric tons, will continue to have both prices listed on the page
Japan to increase fuel subsidies to upper limit over March 17-23 The government set a new goal March 4 to keep the retail gasoline price at Yen 172/liter after March 10, up from its prior target of Yen 170/liter.
Gazprom shipments to Europe via Ukraine to fall 13% on day March 16 This indicates a drop of 13% from March 15 deliveries of 109.6 million cu m.
ADNOC aims to formalize globally-focused green hydrogen venture by year-end The new entity will be a joint venture between key UAE state-backed entities including ADNOC, the Abu Dhabi National Energy Company, also known as Taqa, renewable energy company Masdar and Mubadala Investment Company.
Hong Kong marine gasoil lowest among Asian ports amid quarantine restrictions on ships The differential was last higher at $29.25/mt April 22, 2020.
FUJAIRAH DATA: Oil product stockpiles climb as middle distillates extend wild ride Inventories of heavy distillates and residues, such as fuels for marine bunkers and power generation, were little changed at 10.791 million barrels as of March 14 compared with 10.788 million barrels a week earlier.
Shenzhen bunkering operations remain normal despite city-wide lockdown, say suppliers There are multiple container terminals in Shenzhen, which are also known as bunkering ports such as Yantian and Dachan Bay, market sources said.
Qatar faces LNG regasification shortage if it sells gas to Europe: S&P Global Ratings A shortage of LNG regasification terminals is one potential limit on sending Qatar gas to Europe, while another is potential supply chain constraints given the shipping necessary to transport LNG to Europe, the ratings agency said in the report.
Russia-Ukraine conflict will boost demand for carbon offsets: executives The volatility impacted sentiment in carbon markets around the world, including the voluntary market and regional carbon markets.
IEA revises down global refinery throughput on redued Russian runs Russian refineries are gradually reducing throughput as international buyers shun Russian exports while domestic demand is being impacted by the increased cost of borrowing, according to S&P Global Commodity Insights.
OIL FUTURES: Crude trades lower following larger-than-expected US inventory build NYMEX April RBOB gasoline was up 61 points at $3.0042/gal and April ULSD was 1.44 cents higher at $3.0441/gal.
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