Green City Ferries picks key suppliers for emissions-free ferry Stockholm, Sweden, based Green City Ferries has announced the award of contracts for key suppliers to provide the emission-free propulsion system for Beluga24 - its high-speed emission-free catamaran passenger ferry. The Beluga24
MSC Cruises celebrates LNG-fueled cruising double The Cruise Division of MSC Group and French shipbuilder Chantiers de l'Atlantique celebrated two important milestones this past weekend for MSC Cruises' first two LNG-fueled cruise ships. MSC World Europa completed her
Hybrid heavy transport vessel design targets new offshore wind requirements Singapore-based Vallianz Holdings Limited has contracted Ulstein Design & Solutions BV for the development of a new, hybrid heavy transport vessel (HTV). Designed for worldwide operations, the HTV will be deployed for
Shipowners welcome European Parliament backing for EU ETS plans Shipowners have lined up behind the compromise proposals adopted by the European environment committee report
TEN takes delivery of shuttle tanker for charter to Petrogal Newly built Porto is fourth DP shuttle tanker in TEN's diversified tanker and liquefied natural gas carrier fleet
Russia boxship feeders switch to mainline trades Handful of containerships are still calling at St Petersburg, though capacity deployed has fallen to just 15% of slots provided...
Large claims push Skuld into red, as Hansen hints at rate hikes to come Commercial business now earning more for Oslo-based P&I club than mutual business
Safe Bulkers unveils repurchase scheme for up to 5m shares At current share price, company would have to invest $20m if it wants to exercise the programme fully
High container freight rates showing in inflation figures Rising freight costs are responsible for 1.6% of inflation globally. But less-developed countries are feeling a sharper pinch, and products...
Three crew airlifted off MSC boxship after explosion Reports indicate the incident started with a fire which was followed by an explosion, according to Lloyd's List Intelligence
Dover on track for net-zero carbon by 2025 Working with Calais, Dunkirk and three ferry companies, Dover hopes to establish a green corridor as set out in the...
CDB Leasing withdraws order proposal for two LNG carriers Chinese lessor withdraws proposal to buy LNG pair, saying 'certain conditions have not been fulfilled'
BAL Container Line orders post-panamax duo to compete on long-haul trade Company is looking to larger tonnage to lower unit costs and to hedge against a further correction of shipping prices
Samsung Heavy wins $3bn worth of LNG carrier orders Orders for 14 large-sized liquefied natural gas carriers were signed for a price range that is lower than the levels...
Keppel's ammonia bunker vessel design receives ABS backing The 188m long, 33,000 cu m ammonia bunker vessel design is intended to carry liquid ammonia as a carrier as...
Daily Briefing Russia accused of shipping stolen Ukrainian grain via Crimea | London Club held liable for $1.6bn payout on Prestige spill...
Al Seer Marine acquires two VLCCs from Sovcomflot Shipowner backed by the Abu Dhabi royal family plans to purchase up to 15 vessels this year
Tankers carrying diesel and gasoline rake in cash amid pain at the pump The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
Singapore gasoil swap crack crosses $70/b for first time on rising demand The Platts FOB Singapore Platts 10 ppm sulfur gasoil derivative crack spread against Dubai crude swaps -- a measure of the product's relative strength to crude oil -- breached $70/b for the first time at the Asian close June 21, S&P Global Commodity Insights data showed, as growing regional demand bolstered sentiment.
CHINA DATA: Jan-May fuel oil exports slip 6% on year to 7.64 mil mt China's fuel oil exports over January-May inched 5.7% lower year on year to 7.68 million mt (322,967 b/d) as the country relied more on domestically produced barrels after Beijing increased quota allocations, General Administration of Customs data showed June 22.
SAUDI DATA: April gasoil exports dip 5% on month Saudi Arabia's gasoil outflows fell 4.5% month on month to 2.65 million mt (658,083 b/d) in April, reversing the uptrend seen in the preceding month, the latest Joint Organizations Data Initiative data showed, as rising freight rates and a steep backwardation dampened cross-regional flows.
Zhejiang Mercantile Exchange unveils Zhoushan's bonded LSFO bunker price data Zhejiang Mercantile Exchange -- in collaboration with Shanghai Futures Exchange and Shanghai International Energy Exchange, has started publishing Zhoushan's bonded low sulfur fuel oil bunker pricing data on its website.
Brazil's ANP reaches deals on local content commitments with 24 oil companies Brazil's National Petroleum Agency, or ANP, reached deals with 24 individual oil companies to renew pledges to use locally produced goods and services in oil field development rather than pay fines for failing to meet requirements established under the original exploration and production concessions, the regulator said June 21.
Brazil government resubmits list of Petrobras board candidates: company Brazil's government submitted a new list of eight nominees to state-led oil producer and refiner Petrobras' board of directors ahead of an expected call for a special shareholders meeting as part of the company's latest management shakeup.
Biden urges Congress to waive federal taxes on gasoline, diesel through September US President Joe Biden is calling on Congress to waive federal taxes on gasoline and diesel through September to ease the burden of soaring prices that have supercharged inflation and increased political pressure on Democrats ahead of the US midterm elections.
OIL FUTURES: Crude tests five-week lows as recession fears, policy uncertainty cloud outlooks Crude futures retreated to five-week lows June 22 as recession fears and policy uncertainty weighed on demand outlooks.
Iraq mulls boost in European oil deliveries amid declining Russian volumes: SOMO Iraq supplied over 1 million b/d to India in 2021, more than a third of its total exports last year, according to Kpler. Iraq supplied China with 953,000 b/d in 2021, its second-biggest oil customer last year, data showed. Europe received 15% of Iraq crude exports in 2021.
Fujairah-delivered low sulfur bunker premium at all-time high on tight availability Supply was expected to ease from early next week when the unit was likely to come back online, but this was not confirmed, a Fujairah-based trader said.
Operations at Russia Novoshakhtinsky refinery suspended after two drone strikes There has been significant damage to refining and oil storage infrastructure in the region as a result of active fighting since Russia invaded Ukraine Feb. 24.
FUJAIRA DATA: Oil products stocks rise 8.4% on week, led by middle distillates The Asian gasoil market is witnessing demand recovery that coincides with growing regional supply.
INTERVIEW: Bahrain eyes potential trading unit for refined products Future plans could include a petrochemical project that would use naphtha as feedstock, though that would depend on how the refinery modernization progresses, Thomas said.
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