BAE's San Diego shipyard to get $50 million in infrastructure improvements On February 8, the Port of San Diego Commissioners unanimously agreed to allow BAE Systems' San Diego shipyard to take advantage of $50 million worth of infrastructure improvements to begin later this
Amsterdam takes delivery of hybrid crane vessel The dredging and floating debris department of Amsterdam's water utility, Waternet, has taken delivery of a Damen Crane Vessel 1804 WN25 from Damen Shipyards Hardinxveld. Waternet does more than supply drinking water,
Danfoss drivetrain picked to power Electra electric ferry Alameda, Calif.-based marine technology startup Boundary Layer Technologies has signed a letter of intent (LOI) with Danfoss' Editron division for the electrical drivetrain system that will power its hydrofoiling electric ferry (e-ferry),
Shipping warned of dangers as Ukraine tensions mount MARAD has issued an advisory for the Black Sea and Sea of Azov, warning that regional tensions and increased naval activity in these areas could pose a risk to U.S.-flagged commercial shipping
Safe Bulkers partners with Cargill on biofuel trial Monaco-headquartered Safe Bulkers Inc. (NYSE: SB) reports that a pilot biofuel trial carried out in partnership with Cargill has resulted in a significant reduction in CO2 emissions compared with operations on conventional
MetalCraft Marine delivers 7th cutter boat to U.S. Coast Guard MetalCraft Marine, which has yards in both Watertown, N.Y., and Kingston, Ontario, reports that its Watertown facility has delivered the seventh Medium Endurance Cutter in a 36-boat U.S. Coast Guard program to
China's carbon peak pushback bodes well for dry bulk shipping The dominant source of global demand for the dry bulk sector - China's steelmakers - has just been handed an...
High-cost newbuilds strengthen second-hand tanker pricing High newbuilding costs for tankers are pricing owners out of the market in favour of second-hand units
UN says agreement in principle reached to remove FSO Safer's oil The UN's aid chief in Yemen says an agreement in principle has been reached to transfer oil from the rusting...
Navios Partners sells 16-year-old boxship pair for $220m Expanded fleet and higher dry bulk rates push Angeliki Frangou-led partnership to huge profits
Global trade surges past pre-pandemic levels Trade picked up again in the final quarter of 2021. But a darker economic outlook means there will likely some...
Safe Bulkers 'encouraged' by result of first biofuel trial Safe Bulkers will expand trials with Cargill to include more vessels and higher blends
Integration of skillsets underpins transition to sustainability The future of shipping is partly about the skills needed to drive change over the next three decades. Integration of...
Star Bulk sees 'favourable picture' for dry bulk amid record profits Environmental regulations and economic growth fuel optimism in dry bulk prospects, says chief executive Petros Pappas
Genco charters out bulker to FedEx Logistics Following on from last year's carriage of Walmart containers, the US-based company has chartered out one of its bulkers to...
Forwarders more receptive to shipper-owned containers With the disruption in equipment flows over the past two years, accessing containers has been difficult and expensive. But more...
Concordia Maritime explores conversion of tanker to boxship Gothenburg-based shipowner is looking to take advantage of the booming container market while mitigating against dismal tanker performance
Crew safe after fire on vehicle carrier off Portugal A fire broke out on a cargo deck yesterday morning about 90 nautical miles south-southwest of the Azores, Portugal. The...
MOL orders cutting-edge LNG-fuelled ferries MOL's concerted carbon reduction efforts aim to enable the group to attain zero greenhouse gas emissions by 2050
Grimaldi and Wärtsilä plan to filter microplastics with scrubbers Italian ro-ro owner Grimaldi Group and engine-maker Wärtsilä have developed a way to filter microplastics from the ocean using scrubbers
Frontline's tanker fleet inches closer to breakeven The John Fredriksen company is expecting a continuing recovery of the tanker market. Low fleet growth and a shrinking orderbook...
CMA CGM wins Beirut terminal concession CMA CGM has close family and business links to Lebanon. After taking over the Tripoli terminal in the past year...
Port of Mobile could be jeopardised by 'calamitous' rail project 'Shippers along the Gulf coast, or elsewhere in the United States, have no reason for concern,' says the president of...
OOIL quits logistics joint venture with JD.com Orient Overseas International Ltd sells its 25.9% stake in the supply chain technology company JD.com for $3.1m
Peel Ports shakes up leadership team After overseeing a decade-long expansion, Peel Port's chief executive is moving up to chair the board. Retiring chairman Tom Allison...
Daily Briefing P&I price hikes are sticking | Ukraine-Russia risk is rising | Bunker prices are climbing | Port delays are easing...
Cathay Pacific limps through Q1 with 20% cargo capacity Cathay Pacific is a once-proud airline hanging on for dear life.
Port Houston sees huge bump in steel cargo Port Houston's steel cargo exports recorded a 1,874% year-over-year increase.
Ports of LA, Long Beach clear containers, set January records "Efforts to successfully move aging cargo out of shipping terminals" improve the picture at California's San Pedro Bay ports.
CMA CGM investing $33M in Port of Beirut container terminal CEO Rodolphe Saadé said CMA CGM "will transform the Beirut port's container terminal into a state-of-the-art facility that meets the best international standards."
How the pandemic has propelled maritime tech deals to new peaks The more ocean shipping is in the news, the more attention it gets from tech founders and investors.
Hapag-Lloyd recognized for whale safety practices Of 18 companies that Friend of the Sea evaluated, it identified Hapag-Lloyd as "the international shipping company most committed to minimizing the risk of whale...
Project44: Asian ports see rising congestion New data released by project44 shows vessels waiting to berth in Asia recorded an average increase from 13 days in December to 16.7 days in...
Dedicated charters, high yields push Atlas Air to record profit Atlas Air has a huge freighter fleet to help take advantage of shipper interest in air transport and is adding more planes this year.
Car carrier with Porsches, VWs catches on fire in Atlantic The crew of 22 was rescued for ship headed to the United States.
Colombo-Mumbai delivered marine fuel 0.5%S spread widens to all-time high LSFO inventories in Mumbai was heard to be balanced against demand, though cargo availability was also said to be gradually tightening since February.
Frontline Tankers sees 2022 oil demand growth from non-OECD Sentiment among market sources is weak at present, amid an oversupply of tonnage and few enquiries.
Maritime sector eyes carbon price on bunker fuels as possible decarbonization solution
Crude slides as market eyes US-Iran deal progress, continued Ukraine uncertainty Increasing signs that market is preparing to see these exports in coming months.
Platts to discontinue average bunker cost assessments for three container routes on April 1 S&P Global Platts will discontinue its daily, weekly and monthly VLSFO and LSMGO average bunker cost and bunker cost index assessments for three container shipping routes -- East Coast South America to US Gulf Coast, Europe to West Coast Africa and North Asia to East Coast Africa -- effective April 1, 2022.
India unveils interim renewable hydrogen/ammonia policy A spokesperson from the Ministry of New and Renewable Energy (MNRE) said a more comprehensive hydrogen policy was under examination for release at a later date.
ITALY DATA: Refinery run rates rise to 72.8% over Jan-Nov The run rate gained from 72% in the first 10 months and 70.8% in the first nine months.
Black Sea freight rates start to firm on Russia risk premium Ukrainian and Russian waters in the Black Sea and the Sea of Azov were placed under a high risk category, by the Joint War Committee of the Lloyds Market Association on Feb. 15, as the crisis between Russia and the West over Ukraine escalates.
Shell becomes first to supply sustainable aviation fuel in Singapore Having a blended facility in the region enables a more efficient operation by moving neat SAF in bulk from production sources to the blending facility and then delivering SAF parcels where it is needed, Shell said.
Renewable diesel could be a lifeline for US Jones Act Tankers This small niche market is comprised of Blue Water tankers, which travel the US coastline carrying crude oil and refined products.
Zhoushan 380 CST delivered bunker premiums weaken on rising supply "It suddenly weakened. Suppliers competitions are terrible recently," said a bunker fuel trader at a Chinese company.
FUJAIRAH DATA: Jan bunker sales fall 7% on month to 4-month low amid severe weather Total bunker sales was last lower in September at 640,321 cu m, the FOIZ data showed.
European biomethane industry pushes economic case for sector build-out The EBA added that biomethane could also help reduce EU dependency on external suppliers
Oil traders scramble for premium crudes as Dated Brent crosses $100/b The physical crude markets have shifted to unchartered territory, as demand of prompt oil is soaring supported by uncomfortably low spare capacity, and shrinking oil inventories.
Hy24, partners raise $227 million for green hydrogen fuels projects in Europe Calling the investment the largest private green hydrogen-focused capital raise to date, the fund is led by Hy24 together with Mirova, CDPQ and strategic investor, Technip Energies, the company said.
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