ME-GI engines at heart of hybrid-propulsion RO/RO newbuild duo MAN Energy Solutions is two supply four dual-fuel MAN B&W 6S60ME-GI engines for two hybrid propulsion, 8,000 lane-meter RO/RO vessels. The 243 meter long ships are on order at South Korean shipbuilder
Silver Ships delivers RHIB customized for NOAA research requirements Theodore, Ala., based Silver Ships Inc. recently delivered a customized Ambar Series vessel to the National Oceanic and Atmospheric Administration (NOAA). The custom-built Ambar 6 meter (AM600) is designed to be operated
Keppel O&M delivers first dual-fuel dredge built in Singapore Rotterdam-headquartered Van Oord has taken delivery of the first of a series of three trailing suction hopper dredges (TSHDs) from Keppel Offshore & Marine Ltd. Named Vox Ariane, and with a hopper
At least 500 seafarers still stranded in Ukraine The International Maritime Organization says about a quarter of the 2,000 seafarers stranded in Ukraine a month ago remain in...
Russia energy commodities shipments seen rising over April Estimates show 32 tankers laden with crude, 19 fuel oil cargoes, 26 coal cargoes and seven liquefied natural gas cargoes...
Asian shipping increasingly on board with decarbonisation, says StanChart Bank with British empire roots now focused on emerging markets, according to head of ship finance
Port of Antwerp feels impact of Ukraine conflict While overall throughput declined by 1.5% in the first quarter of this year compared with the same period last year...
Mood for new LNG-fuelled bulkers may have peaked With growing interest in ammonia or methanol-fuelled bulkers, which are likely to be developed this decade, the peak may well...
Seafarers' perfect storm could get more interesting Shipping deserves a much broader analysis that brings in every element of change. Until the industry ceases to provide siloed...
BIMCO says charterers should pay for carbon BIMCO says charterers should pay for carbon, belatedly coming down on the side of shipowners. The debate has reheated in...
China Merchants Port raises stake in SIPG Company said the move is based on market conditions, as well as the financial performance and business prospects of Shanghai...
AlixPartners to set up new office in Singapore The heavy-handed Covid-related travel restrictions in Hong Kong are said to be one of the reasons behind the planned move
Daily Briefing China proposes market-based plan to spur shipping decarbonisation | English High Court rulings binding in China, Shanghai court finds |...
OOCL hits record first-quarter revenue despite congestion woes The record top line was achieved despite 'severe congestion around the network' that has driven down liftings and loadable capacity...
How COVID transformed trans-Pacific container shipping The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
RUSSIA DATA: Q1 crude, product port throughput rises 7.3% on year Product exports have dropped and are expected to drop further as international buyers shun Russian-origin crude and products in the wake of the country's invasion of Ukraine on Feb. 24.
Russian-flagged oil tanker seized off Greek coast: ministry The EU has not sanctioned imports of Russian energy, such as oil, but the European Commission proposed a ban April 5 on Russian shipping from EU ports, following the invasion of Ukraine Feb. 24.
OIL FUTURES: Crude pushes higher following larger-than-expected US inventory draw Total US commercial crude stocks fell 8.02 million barrels to 413.73 million barrels in the week ended April 15, EIA reported. The draw left inventories nearly 15% behind the five-year average for this time of year.
Vopak sees falling Russian oil volumes at Rotterdam weigh on occupancy rate "When it gets to basic fuel oil that moves from Russia into Rotterdam to be used as bunker fuel for all the transportation in the port of Rotterdam, those flows are still happening... and where possible with our existing customers we are facilitating that," CEO Dick Richelle said.
Iraq not likely to increase oil exports, backs OPEC cuts as a success: finance minister Doubts about Iraq's ability to export more crude, especially from its southern oil terminals, point to difficulties for the country to hit its OPEC+ quota
Singapore delivered, ex-wharf 380 CST HSFO spread at 29-month high on prompt supply tightness Fewer suppliers were actively offering for April delivery dates after quality concerns were raised at the world's largest bunker hub of Singapore in March, market sources said.
CHINA DATA: March Russian crude imports recover 7% on month to 1.51 mil b/d Russia's deliveries dropped 10.8% on the year to 1.55 million b/d in the first quarter, despite the country securing the seat as the second biggest supplier to China.
JAPAN DATA: April 10-16 oil products output drops 2.4% on week Production of low sulfur fuel oil rose 9% week on week to 0.8 million barrels in the week to April 16, and high sulfur fuel oil production increased 4.5% week on week to 1.2 million barrels.
JAPAN DATA: Oil product exports fall 31% to 2.03 mil barrels over April 10-16 Low sulfur fuel oil exports declined 34.6% week on week to 225,289 barrels in the week to April 16, and high sulfur fuel oil exports decreased 52% on the week to 497,709 barrels.
FUJAIRAH DATA: Oil product stocks retreat even as heavy fuels extend gains Heavy distillates bucked the trend, with stocks hitting 11.949 million barrels as of April 18, up 8.6% from a week earlier and the highest since June 21, according to the FOIZ data.
Russia mulls increasing Arctic oil and gas export infrastructure Sorokin's comments come as Russia seeks to increase deliveries to some Asian countries, following its invasion of Ukraine and sanctions that have resulted in a significant drop in deliveries to Western countries.
BIMCO endorses net zero carbon goal by 2050, updates GHG position statement As the regulatory landscape continues to change, BIMCO supports the Initial Strategy of the International Maritime Organization, and its vision and objectives, but believes more ambition is needed, it said in a statement on April 20.
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