And when the master woke up, the ship had grounded You can't make this stuff up. A recent Danish Marine Accident Investigation Bureau report into the October 18, 2021, grounding of the 88.6 meter long Dutch registered general cargo ship Beaumaiden near
American Cruise Lines to build 12 catamaran cruise vessels Guilford, Conn., headquartered American Cruise Lines has unveiled plans for Project Blue-a fleet 12 identical 109-passenger sister ships of catamaran design. Operating exclusively in the U.S., they will more than double current
Zim signs $400m charter deal for three LNG-fueled boxships Vessels will be added to a lineup of 15 dual-fuel newbuildings of the same size that Zim has locked in...
IMO faces calls to tackle underwater noise pollution Environmental groups want the International Maritime Organization to regulate underwater noise pollution, which harms marine life and has worsened in...
Two-speed economic development will be legacy of pandemic Survey of business, academic and governmental leaders offers an annual snapshot of perceived risks in the short, medium and long...
Danaos sells 20-year-old boxship duo for $130m Greek containership specialist will reap $1bn in extra revenue and sale proceeds from slew of deals that includes 11 new...
Get a grip on your data before it gets a grip on your business Digital technologies will be part of the solution, but many businesses will find adopting digital technologies is easier said than...
Strong soyabean trade to lend support to panamaxes Brazil's early harvest could be a boon to the panamax bulker segment in the coming weeks as export volumes are...
South Korea to fine 23 carriers over alleged price fixing Korea Shipowners' Association says it will file an administrative litigation to review the government decision
Piracy and robberies at sea drop 15% across Asia While armed robberies of ships in Asia remain a problem, no piracy was reported in the region last year as...
Daily Briefing Newbuild crude tankers 'trading clean' signal dismal spot earnings | Yang Ming to order neo-panamax quintet | MPC Capital orders...
Carbon price 'around $200' would fully decarbonise shipping - study A study found a mix of market-based and command-and-control policies was required to make zero-emission fuels competitive. But these had...
NYK orders four LNG dual-fuel capesize bulkers Deal is part of the Japan-based shipowner's efforts to reduce greenhouse gas emissions to hit its 2050 decarbonisation target
Korea Shipbuilding wins more newbuilding orders KSOE and its smaller domestic rival Daewoo Shipbuilding & Marine Engineering continue to beef up their orderbook backlogs despite the recent...
Major cargo airlines warn 5G could disrupt over 10K flights Shippers, not just passengers, will be negatively impacted by delayed flights and rerouting to alternative airports if telecom companies eventually launch service close to airports.
Tanker, bulker, LNG rates drop. Container rates hold near top For bulk commodity shipping, a rough start to the year. For container shipping, the profit bonanza continues.
FAA yanks proposed safety conditions for FedEx missile defense system FedEx wants to study the feasibility of putting a laser on planes to divert potential missile strikes. The FAA has shelved its review for the...
FedEx seeks laser missile defense system for aircraft it doesn't fly FedEx wants to put a laser-emitting device on a certain aircraft to protect against a missile attack. By all indications it's for a very limited...
Crude strongest since Oct 2014 as supply risks, demand optimism tighten outlooks Tensions in Russia-Ukraine crisis no closer to easing amid media reports pointing to the involvement of other nations.
MPC Capital orders methanol-ready container ships to tackle carbon footprint Platts Analytics expects that between the 2030 and 2050 milestones, the fleet orderbook will shift rapidly to alternative fuels and toward the end of that period ammonia will account for 20% of the order book, hydrogen for 5%, methanol for 25%, biofuel for 10% and LNG for 40%.
RUSSIA DATA: 2021 crude, product port throughput marginally up on year Product exports showed only a small increase due to healthy domestic demand. Refinery turnarounds, which lasted into November, also prevented any significant rise in exports.
CHINA DATA: 2021 oil products exports drop 12%, more cuts loom The plunge in China's 2021 oil products exports reflected Beijing's move to slash oil product export quotas, a trend that is also likely to continue in the coming years as China advances towards its net-zero journey.
OIL FUTURES: Crude up on fallout from geopolitical tensions The upswing in prices was pronounced in morning trading as Brent reached its highest level since October 2014, reaching $88/b.
Goldman hikes Brent price forecast to $100/b as benchmark hits seven-year high Brent crude futures were over $87/b in early trading Jan. 18, their highest in more than seven years, with fears of supply disruptions in the Middle East from Houthi militant attacks adding to a tighter market outlook.
REFINERY NEWS ROUNDUP: Russian companies look at investments in renewables Fuel oil output is expected to drop this year with the full launch of three delayed cokers. Taneco has already started its coker in a test mode.
Petrochina is Singapore's No.1 bunker fuel supplier for 2021: MPA Shell Eastern had grabbed the top spot from PetroChina in 2020, but slipped to rank third in 2021, while Equatorial Marine Fuels took second spot yet again.
RUSSIA DATA: Seaports throughput rises 1.7% on year in 2021 Liquids throughput for the year stood at 422.4 million mt and dry freight was at 412.8 million mt.
Fast-growing India gets help from IRENA in renewable energy, green hydrogen push With a rising population and rapid economic growth, India's decarbonization efforts are seen as critical to managing global climate change.
JAPAN DATA: Nov bonded bunker fuel oil exports fall 6% on year to 2.64 mil barrels The country's November exports of bonded marine diesel oil were down 15.4% month on month at 231,912 barrels, the METI data showed.
Singapore M1/M2 gasoil time spread soars to over 13-year high on tight supply Low oil product stocks are also contributing to the strengthening market.
Australia's Fortescue, Germany's Covestro sign MOU on renewable hydrogen/ammonia FFI targets to supply 15 million mt/year of renewable hydrogen by 2030.
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