USDOT announces $45.3 million in ferry grants Today, the Federal Transit Administration (FTA) which administers the Passenger Ferry Grant program, released the full list of FY 2021 recipients under the program, with projects in 11 states and territories receiving
Great Lakes Dredge CEO: "We're 100% vaxxed" "I'm very proud of meeting our target of 100% vaccination of all team members in the third quarter last year," Lasse Petterson, CEO of Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD),
TTB 2022 attendees to tour Austal USA shipyard in Mobile On March 29-Day 1 of Marine Log's TTB 2022 conference for the tug, towboat and barge industry-conference attendees will have the unique opportunity to visit Austal USA, one of the country's premier
Senate bill introduced to close Jones Act offshore loophole U.S. Sen. Bill Cassidy, M.D. (R-La.) yesterday introduced the American Offshore Worker Fairness Act. The legislation is cosponsored in the U.S. House of Representatives by Representatives Garret Graves (R-La.-06) and John Garamendi
Gibbs & Cox awarded Navy contract worth a potential $319 million The largest independent naval architecture and marine engineering firm in the U.S., Arlington, Va., headquartered Gibbs & Cox Inc., has been awarded a $29.5 million contract that could be worth almost $319
Two major players team up to expand marine use of biofuels Aiming to further develop the U.S. and EU marine markets for sustainable bio-based diesel, one of the world's leading suppliers and traders of marine fuels, Bunker Holding Group has entered into a
Investigations underway amid allegations of illicit Iranian oil transfer Oaktree Capital subsidiary Fleetscape, class society ABS, UK P&I all join US authorities in investigating an alleged ship-to-ship transfer of...
Concerns for up to 13 in Grimaldi ro-ro blaze Rescuers worked to free two trapped drivers and to locate up to 11 unaccounted-for individuals as Euroferry Olympia burned off...
Boxship P&I renewals: Big names paying big time for sins of the past It is almost unimaginable that a P&I club would willing kiss goodbye to one of the largest marine insurance accounts...
The Lloyd's List Podcast: P&I clubs on a mission As the annual P&I renewal deadline approaches this week's podcast offers you an expert insiders' guide to how the rates...
Bulker operators hail volatility and fundamentals for profits surge Western Bulk Chartering, Grindrod Shipping and Klaveness Combination Carriers all cite a positive outlook for the dry bulk market this...
Mind the lofty container contract rates Persistent high-flying freight rates will drive more newcomers into container shipping. Some will surely fail. But it is often the...
Week in Newbuildings: Capacity constraints limit new contracts With limited berth availability for newbuilding orders due to last year's order boom there were only two major orders reported...
Carrier regulatory risk on the rise The supply chain crisis of the past two years has boosted carrier incomes to previously unthinkable levels. But now both...
Southern California ports start the year on a high US consumer demand has not slowed during an 18-month surge, but exports continue their 'abominable slide' says Seroka
LPG exports poised to rise in 2022 While a greater volume of exports from the US to Asia will drive tonne-mile demand, supporting freight rates this year...
Daily Briefing China's carbon peak pushback bodes well for dry bulk shipping | High-cost newbuilds strengthen secondhand tanker pricing | UN says...
GSCW chat: Port of Oakland works to increase export capacity Some big ports are import focused. The Port of Oakland is a big export port. It is trying to restore the traditional import/export balance.
Air Canada sings 'O Cargo' with all-time best revenue in 2021 Canada's largest airline produced its best cargo results ever as the passenger business begins to show signs of sustained recovery.
FEATURE: Mexico port delays tighten Gulf tanker supply, sharply boosting freight rates Mexico is by far the largest destination for US products, mainly from the US Gulf Coast.
New Israeli gas export route to Egypt to maximize Leviathan output: Delek Israel's energy ministry on Feb. 16 said it had approved the start of gas flows to Egypt via Jordan, with first supplies expected to begin before the end of February.
Trans Mountain Expansion pipeline schedule slips to Q3 2023; cost rises 70% CEO calls project's progress "remarkable" in face of pandemic, natural disasters.
REG, Bunker Holding team up to develop bio-based bunker fuel for US, Europe agreement allows US-based biofuel producer REG to expand its fuel offerings and access.
Crude searches for direction amid escalating Ukraine crisis, Iran nuclear deal progress NYMEX March WTI settled 69 cents lower at $91.07/b while ICE April Brent climbed 57 cents to $93.54/b.
European, Russian port operations impeded by storms All terminals at the Port of Rotterdam have been closed since around noon local time because of high winds, but the port is open, a spokesperson for the port said Feb. 18.
Global mobility resumes path to recovery after Asian COVID-19 setbacks Mobility in 13 countries representing about half of global oil demand averaged 9.7% below pre-COVID-19 levels in the week, according to adjusted Google data, compared with14% below from the week before and up from a seasonal low of 25% below on Jan. 6.
Singapore to raise carbon tax to $25/mtCO2e in 2024, 2025 The carbon tax will allow Singapore to meet its climate change commitments and green energy plans, along with supporting a range of other measures to make the city-state a hub for carbon trading expertise in the region.
OIL FUTURES: Crude falls on rising optimism for Iran nuclear deal Under the draft Iran proposal, the Iran deal would return in stages. Oil sanctions are currently not part of the first phase of easing, according to media reports.
INTERVIEW: TotalEnergies sees long-term role for oil as marine fuel The shipping industry is scrambling to decarbonize and a range of different fuels are presenting themselves, with LNG, methanol, ammonia and biofuels dominating the headlines and in varying states of readiness.
ARA fuel oil stocks down 8% on week to 1.006 mil mt: Insights Global It was the second week in a row stocks have dropped.
BUNKERWORLD INDEX: Marine fuel prices rise amid surging crude *Inventories build at Singapore *Tightness remains in Europe *Demand in the Americas pauses amid crude volatility
South Korea's delivered 0.5%S bunker premium drops to over 3-month low on oversupply Demand has also not come back yet fully after it weakened during the Lunar New Year holiday, market sources said.
SINGAPORE DATA: Residue stocks up 9% as fuel oil imports rise, exports fall The rise in residual stocks came amid a surge in fuel oil imports, as well as a slight dip in fuel oil exports over the same period.
Singapore Feb ex-wharf LSFO bunker premiums inch lower as inventories climb Rising low sulfur fuel oil cargo inventories since around mid-January, albeit at a moderate pace, have increased stockpiles of the readily available bunker grade to gradually ease the tightness experienced in the downstream delivered and ex-wharf markets, according to market sources.
Asia VLSFO supply set to remain tight despite China hiking export quotas The volume of low sulfur fuel oil expected to move from the West to the East is likely to remain constrained in the near term, industry sources said.
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