TTB 2022: The Great Crewing War On March 30-Day 2 of Marine Log's TTB 2022 conference for the tug, towboat and barge industry-Matt Fuhrman, CEO of Core Group Resources based in Houston, Texas, will present on tug crewing
Felicity Ace car carrier fire set to push up marine insurance costs Volkswagen AG has come far from the days of the beloved air-cooled bug. These days its portfolio includes brands such as Bentley and Lamborghini. That means that the fire still burning aboard
"Five Eyes" antitrust agencies turn their attention to the supply chain Back in November, the White House sent a clear signal that the nine carriers and three alliances that dominate the global container shipping market were going to face increasing U.S. scrutiny. At
Maersk Supply to install mooring for innovative floating wind project A Maersk Supply Service project team is being assembled to prepare for the mooring system installation of the Saitec Offshore DemoSATH floating wind project. The DemoSATH project will use a 2 MW
Tidewater orders tug duo at Damen Damen Shipyards reports that it has signed a contract with Houston-headquartered Tidewater Inc. (NYSE:TDW) for the supply of two Damen Stan Tugs 2309. The tugs will be built at Albwardy Damen Sharjah
Bordelon Marine names Trenton Pitre director of operations Offshore support and subsea services provider Bordelon Marine, Lockport, La., has promoted Trenton Pitre, an industry veteran with over 10 years experience has been promoted to director of operations. Pitre has served
US sanctions five Russian ships in response to 'invasion' of Ukraine US President Joe Biden announced the sanctions on Russia after it deployed troops into two pro-Russian separatist regions of eastern...
Ukraine clash may give owners right to refuse orders Conflict already at point where threshold in Conwartime or Voywar clauses may have been reached, although tanker charterparties typically set...
Russian 'invasion' of Ukraine poses risks to gas flows A full-blown disruption to gas flows is unlikely, say analysts, even as the US, the UK and the European Union...
Norwegian manager Stödig sets out growth strategy Norway's shipping community must reassess its focus in the face of societal expectations and external corporate threats. St'dig's plan to...
Avance Gas says VLGC orderbook to be absorbed Rates for very large gas carriers are seen softening given seasonal factors following a rise over the last several weeks...
IMO chief says Euroferry Olympia blaze raises 'deep concern' Fatal accident puts spotlight on ro-ro passenger ferry fires only days ahead of key IMO subcommittee meeting
Felicity Ace disaster likely to herald hull rates hike Sharply increasing claims values for PCTC casualties may put pressure on hull rates, top insurance experts have told Lloyd's List...
Reefer equipment imbalance pushes up freight rates Carriers and lessors ordered record numbers of reefer containers last year. But with slot costs at record highs, moving them...
Indonesia president calls for resolution of container problem A resolution of the problem of container scarcity remains elusive, but Indonesian trade officials aim to conduct research on box...
BW Epic Kosan sees 'fragile' market recovery Singapore-based company said its earnings outlook this year is 'highly dependent on' the pandemic impact, the overall operating expenses subject...
Daily Briefing Tanker market may see boost if sanctions on Iran are lifted | Supply chain easing will face flood of empty...
More capesizes move to breaking yards as demolition prices climb Heavy competition between Pakistani and Bangladeshi breakers are firming up recycling prices, which can climb further with the ramp-up of...
Alternative fuels to make up just 1% of fuel mix by 2030 Maritime has made big strides in recent years but has far to go if it is to get 'remotely close'...
Shipping braces for impact as Russia-Ukraine crisis intensifies Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.
IEA says ready to act to ensure energy security amid growing concern over Russia moves on Ukraine The International Energy Agency said its member countries stand ready to act to bring on extra crude supply amid increasing concern about moves by Russia against Ukraine.
SAUDI DATA: Gasoil exports rise to over three-year high in December Saudi Arabia's gasoil exports rose 12.43% month on month, and 26.84% on the year to 3.46 million mt in December 2021, extending the uptrend for the fourth month running, showed data released by the Joint Organizations Data Initiative late Feb. 21.
RUSSIA DATA: Jan fuel oil exports up 5.2% on year at 3.054 mil mt Russian fuel oil exports in January rose 5.2% year on year and 11.2% month on month to 3.054 million mt, according to data released Feb. 22 by the Central Dispatching Unit of the energy ministry.
AMERICAS BUNKERS: Key market indicators Feb. 22-25 Spot bunker markets in the Americas are facing tight supplies this week in several key hubs as well as more volatility in global oil, which has led to resupply uncertainty and slower markets.
Tanker markets tread cautiously as threat of sanctions on Russian oil looms The global tanker market is in a state of disquiet as potential sanctions on the flow of Russian oil to the West could significantly harm market fundamentals, as the energy markets brace for potential further actions on Russia.
INDIA DATA: India's oil product exports rise 14.4% on year in January India's oil product exports rose 14.4% year on year to 5.1 million mt, or 1.3 million b/d, in January, the latest provisional data from the Petroleum Planning and Analysis Cell showed, reflecting an improvement in global demand.
Colonial Pipeline hires new 'chief information security officer' after cyberattack Colonial Pipeline said Feb. 22 it hired a new "chief information security officer" to lead its cyber defenses in the aftermath of a devastating cyberattack last year that left the United State's top fuel pipeline artery offline for nearly a week.
OIL FUTURES: Crude prices rise as Russia deploys troops into eastern Ukraine Crude oil prices continued to rise Feb. 22 as Russia deployed troops into breakaway sections of eastern Ukraine and the US and other NATO members launched an initial barrage of sanctions against the country.
Biden vows to stop Nord Stream 2 pipeline as US sanctions Russian banks, ships The US will work with Germany to block the Nord Stream 2 gas pipeline and impose sanctions against Russian bank VEB, US President Joe Biden said Feb. 22 in announcing the "first tranche" of penalties after Russian President Vladimir Putin sent troops into eastern Ukraine.
Germany says Nord Stream 2 gas pipeline certification cannot now go ahead Halting the certification process means the 55 Bcm/year pipeline -- which was completed in September -- will be unable to begin commercial operations.
Russia's Transneft sees no impact on oil flows to Europe on Ukraine conflict escalation
HSBC targets 34% cut to emissions from financed oil and gas clients by 2030 Disclosing its so-called "financed emissions" for the first time, HSBC said the new target is equal to the percent reduction that the IEA indicates in its net-zero scenario for global sector emissions to 2030 from a 2019 baseline.
OIL FUTURES: Crude stays firm as market awaits clarity on sanctions against Russia Russia's recognition and subsequent deployment of peace-keeping troops into the breakaway eastern Ukrainian provinces of Donetsk and Luhansk drew sharp rebuke and the promise of sanctions from Western allies.
Shipowners avoid Black Sea ports, traders brace for sanctions as war fears rise Networks of commodity traders, shipping finance executives and ship brokers in the shipping hub of Singapore said they have been on high alert since an escalation in the Russia-Ukraine crisis and the likelihood of a US response.
European, Russian port operations return to normal after storm The updates came after Storm Eunice brought havoc to Europe on Feb. 18 and over the weekend.
Japan to ensure stable energy supply with reserves if Russia-Ukraine crisis worsens: minister Japan will make every effort to ensure stable energy supply for the country with its petroleum reserves and LNG stocks should the Russia-Ukraine situation deteriorate further, Minister of Economy, Trade and Industry Koichi Hagiuda said Feb. 22.
Russia will continue uninterrupted supplies of gas, LNG to global markets: Putin In his address to the Gas Exporting Countries Forum summit in Doha, Putin said Russia would improve the existing infrastructure and increase investment in the gas sector.
Marine fuel 0.5%S Singapore-Fujairah bunker spread narrows to near one-year low Lackluster arbitrage movements of low sulfur components for the LSFO blending pool have gradually tightened inventories at the Middle Eastern port of Fujairah since February, whereas rising availability of LSFO cargoes in Singapore continues to weigh on bunker premiums, traders said.
Singapore's February bunker fuel sales show promise despite January drop: sources Bunker fuel sales in the world's largest bunkering port slid 3.5% month on month to 4.033 million mt in January, 10.4% lower on the year, according to the latest preliminary data released by the Maritime and Port Authority of Singapore.
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