Navy awards Conrad $34.8 million for two more YRBM barges Conrad Shipyard LLC, Morgan City, La. ,has been awarded a $34,872,992 modification to a previously awarded contract covering the detail design and construction of two additional Yard, Repair, Berthing, and Messing (YRBM)
VIDEO: Solar-electric ferry goes to work in the Baltic This summer, there's a new way to get to the island of Usedom in the Baltic Sea: a solar-electric ferry. A 14.65-meter-long emission-free vessel is operating several times a day between the
Royal Caribbean buys former Crystal Endeavor for $275 million Royal Caribbean Group (NYSE: RCL) reports that it has received court approval to acquire the ultra-luxury cruise ship Endeavor (ex-Crystal Endeavor). Originally delivered to Crystal Cruises in 2021 by German shipbuilder MV
Eastern Shipbuilding lays keel for third Heritage class OPC Eastern Shipbuilding Group Inc. (ESG), Panama City, Fla., hosted the keel authentication ceremony for the U.S. Coast Guard's future Offshore Patrol Cutter (OPC), USCGC Ingham (WMSM-917) on July 15. The vessel is
Annual ESG rankings reveal best and worst shipping companies Annual environmental, social and corporate governance report 'aimed at keeping conflicted entities from relying on anonymity or indifference to perpetuate...
Rising bunker costs mask box spot rate decline Bunker prices have risen sharply since the situation in Ukraine began to unfold, while freight rates are down a fifth
Venezuelan patrol boat case upholds prohibition on injunctions against states 'Subject to any appeals in this case, it follows from the decision that the English courts will not grant injunctive...
Rise in longer-term charter rates seen for VLCCs Freight futures and longer-term charters for the biggest tankers are gaining ahead of the seasonal fourth-quarter uplift
Week in newbuildings: Damen 'Combi Freighter 3850' orderbook boosted New orders for four bulk carriers, two boxships, four mini bulkers, four products tankers and a heavy lift ship confirmed...
Week in charts: Russia's outbound sailings slowly rise | Container spot rates trend down | Demolition activity plummets Port operations at Sri Lanka's key transhipment hub Colombo are largely unaffected by economic collapse, global piracy and robberies are...
FMC eases path for shipper fees complaints Challenging detention and demurrage charges in the past has required hiring lawyers to argue a case before the US Federal Maritime...
DFDS raises full-year outlook amid higher freight volumes DFDS warns demand could be dampened later in the year due to the macro-environment and supply chain strains
EU coal terminals boost stockpiles ahead of Russian ban High temperatures in western Europe are resulting in logistics bottlenecks as dwindling river water causes difficulties relating to the transport...
Daily Briefing Russia's commercial departures creep up as war drags on | Colombo and Hambantota: A tale of two ports | The...
Boeing, Airbus raise 20-year outlook for air cargo on express growth Boeing is more optimistic about demand for air cargo over the next 20 years, which is why it forecasts a need for 540 more freighters...
US exports of crude oil and diesel are climbing even higher Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.
Viewpoint: Another round of COVID testing in China means drayage delays coming China's "dynamic COVID-zero policy" means more government-mandated testing - and more drayage delays.
Keystone Pipeline down to reduced crude capacity after power outage: operator Pipeline runs from Hardisty, Alberta, through North Dakota, South Dakota and Nebraska.
Crude settles higher as Nord Stream uncertainty feeds global supply concerns OPEC+ to next convene on Aug. 3.
IEA calls on EU to boost oil, coal-fired power to avoid gas supply crunch The proposal to switch to oil- and coal-fired power marks a significant shift from the IEA's previous 10-point plan to cut the EU's dependence on Russian gas.
Container shipper Maersk reveals EU ETS charges to customers from 2023 Maersk are the first major container shipping line to announce the proposed costs for compliance, following a long period of uncertainty for market participants up to this point.
South Korea SK Energy offers 10 ppm sulfur gasoil for August Basis: August whole month average of Mean of Platts Singapore 10 ppm sulfur gasoil assessments, FOB
South Korea GS Caltex sells gasoil for August loading
ASIA CRUDE OIL: Key market indicators for July 18-22 Taiwan CPC Corporation sweet crude tender for October delivery barrels will be in focus this week.
Hong Kong delivered 380 CST HSFO bunker premium dips to over 3-month low On the other hand, bunker suppliers that offered more competitively reported seeing more inquiries for HSFO bunkers compared with the others, sources said.
ASIA RESIDUAL FUELS: Key market indicators for July 18-22 Despite high prices in the city state, demand is also supported by the ease of operations in the port and the lack of congestion and weather issues, according to owners.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators July 18-22 The European very low sulfur markets were balanced in the week to July 15 while Russian high sulfur fuel oil imports to Europe rose.
FUJAIRAH DATA: June bunker sales decline 13% on month Sales in July are expected to rebound, partly as more supplies will be available, traders said.
ICE LSGO futures net length falls 6,732 contracts on week Open interest in the futures fell by 10,151 contracts to 477,397 over the reporting week.
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