VIDEO: BOEM moves forward on Gulf of Maine offshore wind The U.S. Department of the Interior is moving ahead on steps to bring offshore wind energy development to the Gulf of Maine. The Bureau of Ocean Energy Management (BOEM) has made available
Next generation green OSV will be designed to ABS rules ABS is supporting a project to build the first offshore supply vessel (OSV) in Malaysia to feature an innovative vessel design and battery system to support more sustainable operations. The next generation
Robert Allan designs new container-carrying ATBs for Brazil Vancouver, B.C., based naval architecture firm Robert Allan Ltd. has been awarded a contract by Rio Maguari Shipyard (Estaleiro Rio Maguari - ERM), located in Belém, Brazil, to develop the design package
NOIA praises Manchin's Inflation Reduction Act provisions When President Biden signed the Inflation Reduction Act into law, among those coming away from the ceremony with a signing pen as a souvenir was Sen. Joe Manchin (D-W.Va.), who cosponsored the
Port of Davisville completes $83 million project GZA GeoEnvironmental, Inc. (GZA) reports that its client Quonset Development Corp. (QDC) recently celebrated the official opening of the renovated and extended Pier 2 at the Port of Davisville, R.I., creating a
Bob Karl named SVP and GM of Crowley Wind Services Crowley has appointed Bob Karl as senior vice president and general manager of its new business unit, Crowley Wind Services. As Crowley expands the scope of its offerings in wind energy, Karl
Bearing launches AI product to predict and manage impact of CII Palo Alto, Calif., based AI specialist Bearing Inc., whose backers include Mitsui, has turned its attention to IMO's Carbon Intensity Indicator (CII) regulation. It has released a new AI-powered application designed to
Diana Shipping plays down novelty of two new deals Bulker owner likes bigger sizes and argues ultramaxes have similar volatility
Turkish owners lead way in lifting Ukrainian grain While 21 vessels have been cleared or waiting for inspections, a further eight are signalling a Ukrainian port as their...
Port of Los Angeles reports record monthly volumes Number of containerships waiting for berth is down 88% from their peak in January, as east and gulf coast ports...
Liberia port authority executive sanctioned by US Bill Twehway is accused of funnelling funds into a private account and awarding a contract to a company he founded
Zim says box sector entering 'normalisation phase' 'We are getting into a more normalised situation,' says chief executive Eli Glickman
One Hundred Ports: The numbers tell the story The development of container port throughput figures from the early 1970s through to today charts the rise and success of...
One Hundred Ports: Congestion chaos overshadows volume recovery Box liftings accelerated at ports globally in 2021, yet the rebound from the Covid-induced slump came at a price. Ports...
One Hundred Ports: Carriers thriving amid supply chain disruptions Few parts of the supply chain enjoyed the disruption of 2021 - but for container lines, capacity shortages led to a...
One Hundred Ports: An end to congestion? A slowdown in the global economy could provide breathing space for container shipping to finally free up clogged supply chains...
Norden declares interim dividend after 'fantastic' quarter Softer dry bulk rates owing to China weakness, fears of global recession, and easing congestion adding to the supply of...
UK seafarers Covid fund to close Redundancy and retraining bursary has distributed £45,000 to seafarers. Plan was already extended to help those affected by P&O Ferries...
Torm reports best tanker rates since 2006 on Russian oil trades recalibration Company executive warns of 'a headwind ahead of us around transportation fuels, and some tailwinds around fuels that are used...
Odfjell says chemical tanker rates at highest since 2007 Company says performance driven by factors including reduced competition from swing tonnage, reduced speed to tackle high bunker costs, and...
Sartini joins MSC in second high-profile external hire Nicolas Sartini, a long-serving CMA CGM stalwart who left to run Yilport, has joined MSC. He is replaced at the...
MPC Container Ships raises guidance on strong second quarter Charter rates are still 'robust' despite recent easing. Newbuilding orderbook should not affect supply of smaller size classes
RCL buys container vessel from Libra Group Thai-listed Regional Container Lines has at least eight newbuilding contracts outstanding
MISC optimistic on upstream oil and gas sector Near-term prospects remain positive due to strong global demand for LNG, especially from Europe as it cultivates a policy of...
Transpacific rates slide further as carriers compete to offer lower prices Markets are expected to head further south this year amid weaker demand after the peak season
Daily Briefing International Group insured ships that may have breached Russia sanctions | Bulk of Ukraine grain ships changing course after clearance...
Rising cargo volumes continue for Gulf Coast ports in July Ports in Houston, Corpus Christi, Texas, and Mobile, Alabama, continue to see increased cargo volume in July.
Despite billions in canceled orders, container imports stay near peak U.S. imports accelerated in July, with inbound cargo from China reaching a year-to-date high, according to Descartes.
Flexport reunites ex-Amazon HR exec with incoming CEO Dave Clark Flexport has tapped another Amazon veteran for its leadership ranks as the logistics company moves to the next level of growth.
Mexican exports face potential US tariffs in trade dispute over energy: experts The US could impose tariffs on key Mexican export products as a way to pressure the Mexican government to change its energy policy, which is hurting US investments, experts said during a panel discussion.
SAUDI DATA: June gasoil exports rise 3% on month to hit six-month high The rise in outflows was underpinned by healthy regional demand and lucrative refining margins.
China eyes more heavy crude grades amid weaker economic factors: sources Chinese buying appetite in August has remained subdued so far amid weaker economic data emerging from the country, sources said.
Steep backwardation limits NWE-USAC gasoline arbitrage opportunities Gasoline demand in the US is strong as the US driving season continues, while national gasoline stocks are 8% below the five-year average for this time of the year.
Gasoline inflows to Japan to increase amid favorable import margins The cost to import gasoline with short-range tankers excluding the government subsidy declined 24.1% from June 30 to to Yen 73,140/kl ($550/kl) Aug. 12, according to S&P Global Commodity Insights.
CHINA DATA: July key oil product exports rise 9% to 1.72 mil mt from 7-year low in June July gasoil exports were up 9.1% from June to 360,000 mt, the second monthly recovery from the seven-year low of 120,000 mt in May, GAC data showed.
OIL FUTURES: Crude higher on US oil inventory fall, supply issues OPEC Secretary General Haitham Al-Ghais indicated in a media interview that the group is not to blame for high energy prices, which are a result of chronic underinvestment in the sector.
Russia's seaborne oil exports rise in August as sanctions impact remains muted Russia's crude exports rose by 140,000 b/d on the month to average 3.36 million b/d from Aug 1-16 to remain above pre-war levels for the fifth month in a row, preliminary data from vessel analytics provider Kpler shows.
HSFO Med-North spread hits all-time low as Europe sanctions Russian-origin product Contributing to the fall of the Med/North spread is a strengthening of the Northwest Europe leg of the swaps. Market participants said that recent EU sanctions may have caused 3.5%S FO Rotterdam barge Brent cracks to widen, with the crack spread at a two-and-a-half month high as of Aug. 12. It has since stayed close to this mark.
Torm sees boost for clean tankers in Q2 but demand headwinds lurk ahead However, demand concerns are hovering over the market and the strength in Q2 could dissipate over Q3 as cost-of-living concerns cloud the macroeconomic environment.
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