St. Johns Ship Building under new ownership Americraft Marine, a maritime subsidiary of the Logothetis family's Libra Group, has announced the acquisition of St. Johns Ship Building. Based in Palatka, Florida near Jacksonville, the shipyard specializes in the new
Sea Machines takes wraps off next-gen nav system Boston-based Sea Machines Robotics, Inc. has just unveiled a new marine computer vision navigation system designed to improve safety and performance while vessels are underway. Sea Machines' new AI-ris, (Artificial Intelligence Recognition
New RoPax trio will have Wärtsilä hybrid propulsion systems Wärtsilä will supply the hybrid propulsion system for three new LNG-fueled RoPax vessels currently being built for Stena RoRo for charter to Brittany Ferries. , Two of the ferries will have a
MAN Energy Solutions and UGS make joint decarbonization commitment Following a meeting during the 2022 Posidonia trade fair in Athens, MAN Energy Solutions and the Union of Greek Shipowners (UGS) have announced their mutual commitment to a policy of decarbonization, especially
Cargill: It's time to double down on efficiency technology Shipping must get comfortable with being uncomfortable when it comes to climate investments. Unless there is a significant shift in...
Russia accused of shipping stolen Ukrainian grain via Crimea Investigations show Russia moving Ukrainian commodities to Crimea where they are loaded onto vessels. Tracking data shows ships suspected of...
Make a CII plan before it is too late, LR warns Ships must get their plans in order for gathering and reporting Carbon Intensity Indicator data in coming years to stay...
Piraeus Bank seeks to appeal ZouZou case Piraeus Bank to challenge ruling that Mortgagees' Interest Insurance policies do not have to pay out on constructive total losses...
London Club held liable for $1.6bn payout on Prestige spill Spanish claim substantially tops $1bn cap in place under International Convention on Civil Liability for Oil Pollution, to which Spain...
Libra acquires US yard with eye on offshore wind fleet Libra said that 'significant shipbuilding capacity' will now be needed to meet demand for vessels contributing to the US' renewable...
Demolition prices drop by $100 per ldt Demolition plots are becoming dormant because of a lack of vessels during a period of strong shipping markets across all...
Bureau Veritas partners with Marlink on secure digitalisation The traditional world of classification is evolving into non-traditional sectors, and is bringing in expertise from outside to provide protection
European box port congestion showing no signs of easing Overcrowded container terminals are inefficient at processing cargo. Industrial action in Belgium and Germany threatens to make the situation worse
Cosco Shipping Ports provides relief to shippers Real dilemma that the industry is facing is said to be insufficient cargo volume and the imbalance between supply and...
Viewpoint: CNBC heat map highlights global events that can impact US supply chain The peak season of 2022 presents a variety of challenges for logistics managers, according to the latest findings of the CNBC Heat Map. East Coast...
Air cargo market heads toward 2nd best year despite softening The air cargo market has lost some steam from 2021 but is still going strong, according to the airline trade group IATA.
Livestock shipping strikes again: Death and cruelty on the high seas The drowning of over 15,000 sheep off Sudan is just the latest in a very long line of black marks for livestock shipping.
CHINA DATA: Key product exports slump to 4-month low of 1.77 million mt in May China's gasoil, gasoline and jet fuel exports in May dropped to a four-month low of 1.77 million mt or 465.580 b/d, data released by the General Administration of Customs June 18 showed, due to tight availability of export quotas during the same month.
REFINERY NEWS: Curaçao refinery could start processing crude early 2023, say sources The Curaçao refinery could start processing crude oil in the first quarter of 2023 as per the reactivation schedule currently being discussed by the Refineria di Korsou N.V. (RdK), the state-owned company that owns the oil facilities, and Caribbean Petroleum Refinery Holding, the local company created by the group of investors led by Venezuelan Luis Giusti to sign the lease contract, among other commercial contracts, said a source privy to the negotiations and documents.
US crude oil inventories expected lower amid strong refinery, export demand US crude oil inventories likely declined in the week ended June 17, analysts surveyed by S&P Global Commodity Insights said June 21, amid stronger exports and an uptick in refinery demand.
Brazil's government cannot interfere in Petrobras pricing: Energy minister Brazil's laws and regulations prohibit government interference in state-led oil company Petrobras' fuel prices, but greater competition in Latin America's largest economy will result in prices that more closely track markets, Mines and Energy Minister Adolfo Sachsida said June 21.
US refining capacity falls to lowest mark in 8 years amid record prices: EIA The nation's capacity to refine crude oil into fuel and other products fell below 18 million b/d at the beginning of 2022 and hit its lowest level since 2014, according to the federal government's annual refinery capacity report released June 21.
VLCC arrives in Southwold to supply NWE with non-Russian diesel A diesel-laden Very Large Crude Carrier, or VLCC, arriving in Europe June 21 brought some relief to supplies in the region after months of tightness as importers have looked for replacements for Russian-origin products.
OIL FUTURES: Crude prices climb as near-term supply, demand focus offsets recession fears Crude futures settled higher June 21 as tight near-term supply outlooks and continued demand recovery overshadowed longer-term recession fears.
OIL FUTURES: Crude rebounds as demand recovery offsets recession fears Market analysts warned that the supply disruptions will continue to persist and result in tighter supply heading into the Northern Hemisphere winter season.
Oil market to remain tight into 2023 as demand continues to recover: Vitol CEO Platts Analytics sees Russian supply declining by 2 million b/d by end-2022 as a result of tougher EU sanctions on imports of its oil.
Petrobras CEO resigns under pressure over fuel price hikes Fernando Borges, the company exploration and production director, will take over as acting CEO, Petrobras said.
Iraq Basrah crude faces competition from cheaper alternatives S&P Global last assessed Urals at $79.515/b on June 20, compared with $119.74/b for Dated Brent.
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