NES wins major contract on zero-emission freight ferry Turkey's Cemre Shipyard has awarded Norwegian Electric Systems AS (NES) a substantial contract to supply the battery and control systems, plus act as system integrator, for the zero-emission ferry that the shipyard
Wife in nuclear sub espionage case enters guilty plea Diana Toebbe, 46, of Annapolis, Md., pleaded guilty Friday to conspiracy to communicate Restricted Data related to the design of nuclear-powered warships. As we reported earlier, her husband, Jonathan Toebbe, 43, pleaded
Fossil fuels will continue to be part of energy mix Spare crude oil capacity is getting tighter given a rise in security risks, says Platts analyst, while inventories are low...
LNG supply-demand gap to appear within five years, says Shell Prices of the supercooled fuel were volatile in 2021, reaching record highs at the end of the year, and emphasising...
Forwarders welcome increased scrutiny of container lines The chaos within the box shipping sector is concentrating commercial power, says BIFA. It supports an investigation launched by the...
The week in charts: Bulk carrier sold for scrap | Crew abandonment cases spike | Bunker prices at two-year high It emerges this week that there have already been 20 new cases of crew abandonment recorded this year; a tonne of...
Liaoning Port names new chief as business turns corner China Merchants port veteran Wang Zhixian has taken over the helm at the port group, which now oversees the operations...
Supply chain easing will face flood of empty equipment Extended supply chains required additional equipment in the fleet to meet demand. But the slow repatriation of those boxes could...
Yacht builder Ferretti eyes $470m Hong Kong IPO Proceeds will be used to develop new types of yachts and acquire suppliers as the builder anticipates better market conditions...
StormGeo forecasting accelerates Alfa Laval transition Accurate weather forecasting has advantages for levels of ship safety and fuel and emissions reduction, says company executive
Tanker market may see boost if sanctions on Iran are lifted The lifting of sanctions will enable Iran to redeploy its fleet of 63 crude oil tankers, but it may also...
Doubts over plan to make and burn hydrogen on ships Design for a ship using LNG and hydrogen said to be 'extremely complicated and energy intensive'
Cosco wins class approvals for methanol-fuelled VLCC design The 310,000 dwt vessel is equipped with two methanol fuel tanks on board. A combined capacity of 10,000 cu m...
Daily Briefing P&I clubs on a mission and renewals draw to a close | Investigations underway as another sanctions case comes to...
K Line to open first finished-vehicle terminal in Japan K Line's terminal will showcase its commitment to its Blue Seas for the Future vision and the global bid to...
Bunker Holding, Renewable Energy Group partner to advance bio-based diesel in shipping "Partnering with Bunker Holding will accelerate the marine industry adoption of biodiesel to achieve aggressive carbon reduction goals," said Bob Kenyon, senior vice president of...
Global logistics giant Expeditors suffers cyberattack, shuts down operations systems Global logistics provider Expeditors International shut down most of its operations systems after a cyberattack, limiting the ability to book shipments.
Carrier transporting luxury cars to US still smoldering in Atlantic Volkswagen Group has not said how many vehicles are on the Felicity Ace or the breakdown of the models, although it has been reported they...
Understanding Mars helps rocket cargo on Earth, military official says One hour. That's how long it could take a rocket to carry troops and material from a base in the Midwest to the Middle East...
Asia residual fuels: Key market indicators for Feb 21-25 Low inventory of low sulfur cargo in the Middle East is expected to support premiums for the marine fuel 0.5% grade at Fujairah, according to local suppliers, while a narrowing ex-wharf to cargo spread in Singapore is expected to put suppliers in the country under pressure in the week of Feb. 21.
Oman to start general cargo operations at newly-opened Port of Duqm One berth is a general cargo facility with the capacity to handle 1 million mt/year, a second is a bulk cargo berth with a capacity of 5 million mt/year and the third one is a Ro-Ro vehicles berth.
SHIPPING: Tanker owners slow steam to cut losses as bunkers soar - sources There has been a sharp rise in bunker prices as crude hit its highest in seven years, while several tanker sizes have slipped into the red.
INTERVIEW: Oil's rally towards $100/b may diversify India's crude buying further, says FIPI chief "In the current scenario, [the] demand for oil has outpaced production growth as economies slowly rebound from the worst of the pandemic, leaving the market with a small buffer to mitigate an oil supply shock," Singh said.
OIL FUTURES: Crude slips after opening surge as risk appetite wanes "The standoff is now at the height of volatility, and crude's roller-coaster may have some way to go before coming to a halt," Hari said.
Leaner LSFO inventory lifts Fujairah's balance Feb term ex-wharf bunker premiums Term contractual supply for March ex-wharf marine fuel 0.5%S parcels was heard concluded at $21-$23/mt premiums, traders said.
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