St. Johns Ship Building lays keel for Jones Act CTV St. Johns Ship Building, Palatka, Fla., has hosted a keel laying ceremony for the first of two Jones Act Incat Crowther 30 Crew Transport Vessels that it is building for Windea, a
Taking cyber risk management beyond compliance While IMO's 2021 cyber risk management code provides a framework for cyber resilience, there is more to combating cyber attacks than compliance alone. That's the take away from a new report just
Why 2022 is on course to be the worst year for crew abandonment Crew abandonment cases increased by 138% last year; industry officials are warning that 2022 is on track to exceed the...
Truck protests bring Oakland to a halt Independent drivers are protesting against legislation designed to rein in larger companies
Gram Car Carriers seals charter deals at improved rates Third-largest non-operating owner of pure car and truck carriers announces trio of 2,000 car capacity ships fixed at superior charter...
Dry bulk faces correction due to reduced congestion and slowing demand Earnings, especially those for the smaller ships, are expected to correct sharply next year
Cosco executives questioned by company's anti-corruption officials Cosco's digitalisation team were also asked to help the inspectors build a digital graft supervision platform
Wärtsilä says inflationary pressures add to uncertain outlook Revival of cruise shipping has driven an increase in business, along with growing interest in LNG carrier newbuildings, and a...
Berge Bulk chief focuses on reducing emissions Singapore-based bulker owner wants to use zero-emission fuels on its entire fleet by 2050 in the battle to tackle climate...
Container contract rates to rise with bunker surcharges Customers that secured volumes with long-term contracts are about to see bunker surcharges applied. But this comes at a time...
Bahri raises $1.04bn from sukuk bonds to refinance maturing notes Seven-year senior unsecured sukuk issued through a private placement
ONE boosts full-year outlooks for NYK, K Line and MOL Japanese shipping companies cite subsidiary Ocean Network Express' robust performance as reason for raising earnings forecast
Singapore Strait tops list for armed robberies against ships There were 27 incidents of armed robbery reported in the Singapore Strait in the first half of the year
Daily Briefing Baltic Exchange accused of 'tricks' by Chinese rival over newbuild index plan | Older vessels drive increase in tanker values...
Ships that 'scrub' emissions earn twice as much as those that don't Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier - and much cheaper - marine fuel.
Cargolux to replace aging 747 freighters with next-gen Boeing 777-8 The Farnborough International Airshow was a relative success for Boeing, capped by large preliminary commitment for freighters from Cargolux.
Russian vessels allegedly 'grain laundering' near Ukraine Cargo vessels allegedly are meeting at sea to transport stolen Ukrainian grain to Turkey and Syria.
NYMEX WTI falls back below $100 amid dimming demand outlooks, return of Libyan supply Economic data released early July 21 pointed to a marked slowdown in the US economy.
LNG market participants see subdued US FOB selling interest for prompt cargoes LNG cargo ships reverting to burning conventional oil-based bunkers instead of LNG in order to minimize shipping costs.
JAPAN DATA: July 10-16 oil products output falls 2.9% on week Production of low sulfur fuel oil surged dropped 32.8% week on week to 0.56 million barrels in the week to July 16, with high sulfur fuel oil production plunging 43.6% week on week to 0.80 million barrels.
JAPAN DATA: July 10-16 oil product exports hike 17% on week to 3.19 mil barrels Low sulfur fuel oil exports hiked 9.1% week on week to 385,162 barrels in the week to July 16, and high sulfur fuel oil exports came in at 838,734 barrels, up 9.5% from the week ago.
SAUDI ARABIA DATA: May fuel oil imports jump 84% on month to 1.15 million mt The imports were up 12.5% from a year earlier, according to the data.
OMAN DATA: June crude oil output rises 1.6% on month, slightly below OPEC+ quota Production rose from an average of 839,170 b/d in May, with Japan's share of Oman's total oil exports for the year through June climbing by more than four times, the data showed.
Trade platform for relaunch of China's voluntary carbon credits nears completion: local media The completion of trading systems offers a glimmer of hope for the relaunch of China's domestically certified voluntary carbon credits called China Certified Emission Reductions or CCERs in the foreseeable future.
REFINERY NEWS: France's Feyzin restarts, flaring possible: reports Operations at France's Feyzin, which have been halted since July 9, are restarting, according to local media reports.
EU plan to reduce dependence on Russian gas driving LNG carrier interest: Wartsila Spot gas and LNG prices in Europe and Asia have surged to record highs so far in 2022 following Russia's invasion of Ukraine and a further tightening of market conditions.
OIL FUTURES: Crude slides as easing supply tightness, higher gasoline stockpiles hit demand Libya's oil and gas minister expects oil production to return to "normal2 levels of 1.2 million b/d in a week to 10 days as the OPEC member begins pumping crude after the lifting of force majeure on exports and oil fields.
Gunvor's H1 trading volumes slip 16% on year but volatility boosts earnings Founded in 2000 as an independent trader of crude and oil products, the Geneva-based company has diversified into other commodities. In 2020, 44% of its trading volumes were in "transitional" commodities such as biofuels, natural gas and LNG.
EU clarifies Russian HSFO safe from coal products ban Traders from four companies had raised concerns that 3.5% (high) sulfur fuel oil fell under EU category CN 2707, which ordinarily refers to coal products, whose import was expected to be banned from August.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
