NOAA requests proposals for design and construction of new ocean survey ships The National Oceanographic and Atmospheric Administration (NOAA) is seeking proposals from U.S. shipbuilders for the design and construction of new ships for the agency. The new vessels will primarily support NOAA's coastal,
ISS issues RFP for construction of North America's first zero-emissions towboats Houston-headquartered Industrial Service Solutions (ISS) is pushing ahead with its plans, which we reported in December last year, to see the first fully-electric towboats built in North America available for charter in
Corvus Energy to open U.S. battery factory Underscoring the growing U.S. interest in all-electric and battery-hybrid vessels, Corvus Energy is expanding its U.S. operations by opening a new factory in Washington State. Corvus is the leading international supplier of
Negotiators agree new minimum wage for seafarers A new round of negotiations between shipowners and seafarers' unions from across the world, convened by the UN's International Labor Organization (ILO), has resulted in a new three year deal on seafarers'
Concept ship aims to turn ocean plastic pollution into hydrogen Could the plastic waste polluting the world's oceans be scooped up and converted into clean hydrogen at sea? That's the plan behind an innovative concept ship design being developed by New York
Tidewater issues its second sustainability report Houston headquartered offshore service vessel giant Tidewater (NYSE:TDW) has released its second formal sustainability report, disclosing its environmental, social, and governance (ESG) performance in 2021. In his introduction to the report, Tidewater
Interior drags heels on offshore oil and gas leasing During testimony before the U.S Senate Committee on Energy and Natural Resources today, Secretary of the Interior Deb Haaland said that, "despite delays in implementation from the previous administration," the Interior Department
Euronav shareholders back Frontline merger at general meeting Belgian tanker owner said shareholders have given a 'clear signal' for support for the $4.2bn merger with Norway's Frontline
Owner reluctance and full yards curb interest in bulker orders, says EuroDry chief Charterer aversion to taking bulkers for longer periods contrasts with container market where ordering of new vessels has been rife
MPC Container Ships to benefit from vessel speed reductions Intra-regional containership owners should benefit from relatively low fleet growth going forward as the boxship newbuilding orderbook is biased to...
Indonesia to resume palm oil exports next week Analysts predicted the palm oil ban would be short-lived given how important the commodity is for Indonesia's exports
High container freight rates likely to last well into 2023 A normalisation of the box shipping freight environment continues to fade further into the future. Even with inflation slowing demand...
China's coronavirus policies vary from port to port, study finds Vessels being denied entry for scheduled cargo operations or repair work if positive test cases are found on board
Greece 2022: Fuelling fears for ferry sector recovery An explosion in fuel costs has delivered a cruel kick to a sector that was just about staggering back on...
Greece 2022: Environmental initiative Helmepa turns 40 This year marks the completion of four decades since shipowner George P. Livanos led the Greek shipping community in an...
China eases quarantine rules for seafarers Despite some relaxation of the rules, the changeover of foreign seafarers at Chinese ports is still under strict surveillance
DSME scraps LNG carrier order linked to Sovcomflot Cancelled vessel newbuilding believed to be one of the three arc-7 icebreaking LNG tankers ordered by Sovcomflot October 2020. The...
Congestion slows Asia-Europe voyage times Overcrowded terminal yards and hinterland delays are leading to lengthy delays. A surge of cargo from Shanghai could lead to...
Globus signs contracts for more newbuilds in China Globus has signed orders worth about $108m in recent days
Braemar awarded UK defence shipbroking contract Deal covers sale and purchase, spot and period chartering and market intelligence
Seaspan expands boxship orderbook to 71 Previous mid-size boxships ordered by Seaspan have been fixed for long-term charter to liner operators Ocean Network Express and Zim
Golden Ocean sees sustained period of firm dry bulk rates John Fredriksen company increases profits five times over as disruptions in the dry bulk market stimulate rates
Deal agreed to increase minimum monthly wage for seafarers The minimum monthly basic wage for able seafarers is to be raised after a resolution during talks convened by the...
Greece 2022: Port calls fall for first time in five years Piraeus remains the busiest port, but vessel activity has been on a decline for several years
Greece 2022: Stepping on the gas with new terminal projects As a long-planned FSRU project gets under way in the port of Alexandroupolis, further floating terminal plans are ramping up
CMA CGM container depot in Indonesia reaches operational milestone The depot has handled five times more average monthly container volume in the first quarter
CSSC Shipping orders four feeder boxships Shipyard-affiliated lessor says the order represents 'a strategic move' for the company to expand the exposure to feeder containerships in...
Daily Briefing Sovcomflot fleet in flux as sales continue and Cyprus de-flags | China lockdown pressure on US supply chain eases |...
US military arranges 1st flights of infant formula from Switzerland President Biden has approved the first mission for Operation Fly Formula: Bring back baby formula from Europe.
Nestle expedites baby formula resupply with air cargo Infant formula manufacturers and the federal government have called in the air cargo cavalry to help with the formula shortage.
EC hikes renewable hydrogen demand targets in REPowerEU package Europe currently produces around 7 million mt/year of hydrogen, used largely in refining and fertilizer production.
Crude rallies as equity markets steady following steep declines NYMEX June WTI settled $2.62 higher at $112.21/b and ICE July Brent climbed $2.93 to $112.04/b.
REFINERY NEWS: Iran starts engineering studies for Lavan refinery Iran has started engineering studies and financial talks with banks to build a refinery on the island of Lavan in the Persian Gulf, oil ministry news service Shana reported on May 19.
WAF, USGC Suezmax markets still adjusting to Russian crude displacement Both the West African and Americas Suezmax markets experienced a spike in early April, with rates recording substantial gains.
G7 countries can lead world on industrial decarbonization: IEA The G7 countries -- Canada, France, Germany, Italy, Japan, the UK, the US and the EU -- account for around 40% of the global economy, 30% of energy demand and 25% of energy system CO2 emissions, the IEA said.
Russian oil output up 200,000-300,000 b/d in May, recovery to continue in June Following its invasion of Ukraine and harsh sanctions imposed by the West on Russian oil producers and exporters, the country's oil output has been significantly affected.
RUSSIA DATA: Jan-April crude, product port throughput rises 6.9% on year Crude oil throughput was 14.5% higher on the year at 86 million mt, while oil products were down 4.7% to 47.4 million mt in the same period, the association said.
Europe rankles Gulf countries with energy transition push, while seeking oil, gas supplies Gulf officials have taken exception to what they see as the cognitive dissonance of western finger-wagging on climate change while asking for more oil and gas supplies to tamp down surging prices and alleviate a supply squeeze exacerbated by US and EU sanctions on key producers, including Russia for its invasion of Ukraine.
Novatek no longer considering changing Arctic LNG 2 timeframes In mid-April Mikhelson said that the company was considering some changes to the project's development plans after sanctions were imposed on Russia in response to its invasion of Ukraine.
OIL FUTURES: Crude down as energy complex follows wider market rout The S&P 500 stock market index posted the biggest single-day decline in almost two years on May 18, falling 4%.
REFINERY NEWS ROUNDUP: News on upgrades in Middle East Oil product stockpiles at the UAE's Port of Fujairah dropped for the first time in three weeks following a record shipment of fuel oil to Saudi Arabia ahead of peak summer power demand.
Shipping freight rates likely to rise once China ends lockdown: Maersk China's reopening will cause a surge in demand in shipping, Christopher Cook, managing director of Maersk for UAE, Oman and Qatar, told a Gulf Petrochemicals & Chemicals Association meeting.
EU carbon prices fall 11% after EC eyes additional auction sales Adding to the bearish pressure, the EC also announced stronger targets for energy efficiency and renewable energy for 2030 under its REPowerEU initiative.
Singapore marine fuel 0.5% cargo cash differential hits record high on supply shortage In the downstream bunker market, the premium for the supply of marine fuel 0.5%S bunker in Singapore for balance May dates has spiked on expectations of tight availability, traders said
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