Dredging to free Ever Forward gets underway Although the 1,095 feet long, 12,118 TEU Evergreen Marine containership Ever Forward remains grounded in Chesapeake Bay, salvor Donjon Smit began efforts to free the vessel Sunday. That was one week after
Ukraine eliminates high-ranking Russian naval officer State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, according to a report in the Bangladesh Daily Star. An explosion
Leadership transition at American P&I Club After 27 years in the role, Joe Hughes will stand down as CEO of American P&I Club managing company, Shipowners Claims Bureau Inc. (SCB), on August 1. Succeeding him as CEO will
TTB 2022: Panel discusses drop in quality workforce for maritime and how to fix it On March 30-Day 2 of Marine Log's TTB 2022 conference for the tug, towboat and barge industry-three expert panelists will discuss ways in which the tug, towboat and barge industry can better
Skagit County all-electric ferry project now fully financed A project that will replace a 40-year-old diesel powered vessel with a new all-electric ferry has marked another milestone. Washington State's Skagit County reports that the state legislature has finalized its 2022
Q&A: Austal USA's Larry Ryder talks shipbuilding hurdles, milestones and more As Marine Log gets its annual TTB 2022 (Tugs, Towboats & Barges) event underway next week, guests will have a unique opportunity to tour Austal USA in Mobile, Ala., one of the
Euroseas orders three 1,800 TEU feeder containerships Athens-headquartered Euroseas Ltd. (NASDAQ:ESEA) reports that it has signed a contract for the construction of three 1,800 TEU eco-design fuel efficient feeder containerships. The vessels will be built at Hyundai Mipo Dockyard
Ingalls Shipbuilding delivers USS Fort Lauderdale (LPD 28) The Navy accepted delivery of the future USS Fort Lauderdale (LPD 28), the 12th San Antonio class-amphibious transport dock ship, from Huntington Ingalls Industries' Ingalls (HII) Shipbuilding Division, March 11. Delivery of
UK's shipping heritage put at risk by 'vulgar' mass sackings Former shipping minister says UK maritime status imperiled by Dubai-based parent company's action to sack 800 seafarers and replace them...
Dynagas Partners may look at conversions into FSRUs Nasdaq-listed owner Dynagas Partners has conversion plans ready for some vessels
IMO turns focus on abandonment and phoney registries The International Maritime Organization will this week discuss providing funds for abandoned seafarers, fair treatment for those in accidents or...
Replacing ageing fleet seen as critical to P&O Ferries' survival Analysis of the P&O Ferries vessel fleet confirms an ageing fleet that will need to be replaced soon if the...
Navios cuts bond debt by further $25m Angeliki Frangou-led dry bulk and logistics company has now extinguished more than $639m of bonds
Veteran P&I club executives Hughes and Solarino stand down Mr Hughes steered the American Club through troubled waters in the mid-1990s, and with P&I about to go through another...
Euroseas orders three LNG-ready feeders at South Korean yard Newbuilding prices 'relatively attractive' to secondhand prices, says Aristides Pittas
Seafarers trapped in Ukraine facing dire conditions Russian and Ukrainian seafarers trapped in Odessa's freezing conditions with uncertain supplies are frightened but have displayed immense courage, says...
Liner operators shun Chinese ports amid congestion issues Maersk warns that Covid flareups across China may already have an adverse effect on whole supply chains
Russia-led Europe diesel shortage reshapes product tanker trades US Gulf diesel flows to Europe to rise as Russia seeks alternative markets in Latin America
Week in Newbuildings: Handy bulkers, LNG tankers and more boxships ordered Evergreen Line has added a further three ships to its backlog of new ultra-large containerships, while German dry cargo operators...
The week in charts: Supply chain easing may impact US depots| Boxship groundings on decline since 2008 |China congestion worsens Orders or containerships dominate new contracts, the National Iranian Tanker Co's ageing fleet is sent to the repair yard, and...
Tufton Oceanic buys handysize bulker After a string of containership divestments, which garnered strong returns, the company said it was re-allocating capital to the bulkers...
Leading carriers post record $110bn operating profits Cosco is largest carrier in revenue terms with revenues of $52.5bn in 2021, followed by Maersk with $48.2bn and CMA...
Daily Briefing Demand for P&O Ferries to repay pandemic handouts | P&O Ferries turned a business crisis into a reputational disaster |...
'Hell on wheels': CP rail shutdown brings more pain to supply chain The shutdown of Canadian Pacific's rail network is putting additional strain on the supply chain as shipments grind to a halt with backups looming at...
FMC pressuring ocean carriers to boost exports Federal regulators will begin to assess how container lines are serving U.S. exporters.
UPS coughs up $5.3M over alleged Postal Service fraud Fake timestamps helped UPS collect full payment for U.S. Postal Service deliveries, federal authorities say.
Armada carrying US LNG heads to Europe, but it won't be enough Ship-position data shows a fleet of gas carriers en route to Europe amid scramble to bolster energy supply.
Volga-Dnepr freezes Boeing freighter operations over Russia sanctions AirBridgeCargo has stopped flying its large Boeing 747 cargo jets because of U.S. and European sanctions on Russia.
Viewpoint: It's a tangled game of Twister for drayage in China The multiple testing hurdles and current stay-at-home orders in China are slowing down this critical movement of trade and increasing prices.
Aircon's 'freight people building tech' to optimize air cargo Aircon is "building technology to achieve operational efficiencies that will change what air cargo means to the global supply chain."
Singapore marine fuel 0.5%S cash differential surges to 2-year high on tight supply Market sources attributed the surge to support from steep backwardation from crude oil, gasoil.
Crude rallies 7% as market eyes potential EU sanctions on Russian energy NYMEX April RBOB settled 13.28 cents higher at $3.3716/gal and April ULSD finished up 20.28 cents at $3.8009/gal.
Asia residual fuels: Key market indicators for March 21-25 The conflict raised tanker freight rates. "The arbitrage window closed even more," said a fuel oil trader based in Singapore.
Asia crude oil: Key market indicators for March 21-25 Market participants will also watch for trades of April-loading Nile Blend; traded levels may rise on the month amid resilient LSFO cracks.
Asian refiners resist temptation to buy sharply discounted Far East Russian crude "Making handsome profits from Russian oil would do more harm than good," the source at the Western trading house said.
Western energy services providers announce exit from Russia Baker Hughes said March 19 that it has suspended new investments for its Russia operations
REFINERY NEWS: Sri Lanka's Sapugaskanda halts again: reports Sapugaskanda was also halted mid-November amid shortages of crude oil, but resumed operations Dec. 7.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators Tightness was reported across all grades in Rotterdam, due to a lack of Russian product in the market and high levels of backwardation.
Saudi Arabia says it is no longer responsible for oil market stability According to the S&P Global Oil Security Sentinel, the kingdom oil and energy infrastructure has been targeted over 40 times since 2017, with the biggest incident occurring in 2019 when drone attacks hit the giant Abqaiq oil processing facility.
UAE ADNOC sets sights on hydrogen exports to Germany Deals were announced with German companies including Uniper, Aurubis and RWE.
Russia finding ways around oil sanctions, customers 'happy' to buy it, says Novak The US imported 473,000 b/d of Russian refined products and 199,000 b/d of Russian crude in 2021, according to the Energy Information Administration.
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