DARPA moves to next phase of unmanned surface vessel project The Defense Advanced Research Projects Agency (DARPA) is moving into Phase 2 of the No Manning Required Ship (NOMARS) program. The aims is to build and demonstrate a revolutionary new medium unmanned
Singapore harbor tug verifies autonomous collision avoidance Digital technologies from ABB have enabled the harbor tug Maju 510 to become the first vessel in the world to receive the Autonomous and Remote-Control Navigation notation from ABS and the first
Lithuanian designer unveils plans for electric push boat To meet its decarbonization ambitions, the European Union is seeking to move more cargo from roads to inland waterways using greener vessels. Lithuanian ship designer Western Baltic Engineering (WBE), part of the
BAE Norfolk awarded DDG drydocking with $124 million potential BAE Systems - Norfolk Ship Repair, Norfolk, Va., has been awarded a $107,736,087, firm-fixed-price Navy contract for the execution of the Arleigh Burke class guided missile destroyer USS Ross (DDG 71) fiscal
BDI sinks to lowest in 20 months on softer China data Capesizes, once again, suffered heavy losses, slumping by 32% since the past week. That dragged the Baltic Dry Index down...
The week in newbuildings: Polferries in new ro-pax charter deal Polish state-backed Polferries will receive new LNG-ready ferry from shipbuilder Visentini Cantiere Navale in second half of 2024
Indian Ocean high risk area to be removed More than a decade after the piracy crisis, shipping organisations are marking the end of an era. The once-feared waters...
The week in charts: Grain corridor round-up | Shanghai is world's largest container port | Turkish owners lead calls to Ukraine's export hubs A total of 689,649 tons of grains and foodstuffs has been exported from Ukraine's Black Sea ports, transpacific rates continue...
Chinese ship leasing struggles to weather anti-graft storm Heaped compliance pressure, restrictions on using shipbrokers and concerns over further regulatory scrutiny could all slow business but lessors...
Boxship capacity imbalance eases Even with a growing fleet, available capacity fell over the course of the pandemic. But with congestion and demand easing...
HFW hires senior Dubai-based shipping partners from Clyde & Co Move gives HFW five of top 11 shipping lawyers in UAE ranked by industry standard directory
Chinese yards feel the heat amid disruption to delivery schedules Many yard workers are still working during what would normally be their summer vacation, in an effort to make up...
Carriers skip Felixstowe as strike action starts Workers at the UK's largest port have gone out on strike. Supply chain disruption is expected to last beyond the...
ITF retrieves $37.6m in wages for abandoned seafarers 'Seafarers might think it's normal to go unpaid for a couple of months, waiting for a shipowner to sort out...
Ukraine export ship towed to Türkiye after experiencing engine failure The bulk carrier, laden with 11,500 tonnes of corn, required the help of a tug after crew members were unable...
Singapore's Tuas Port to open three more berths by December When completed, the port, which is being developed in four phases, will be able to handle up to 65m teu...
Daily Briefing Time to speed up grain exports from Ukraine | Ukraine seeks to expand scope of grain corridor | Traffic to...
New York port truckers press FMC for emergency order Trucking companies want the FMC to require better container storage data from the ocean carriers to speed cargo flow at the Port of New York...
The sinking price of ship fuel: Near prewar levels after summer plunge The cost of marine fuels is down sharply from the wartime peak, except for 'clean' LNG, which is getting even more expensive.
Viewpoint: The year of labor - knowing your worth Workers responsible for the transport of goods have pushed back on wage offers in recent months, but the flow of trade is choking in this...
OOIL clearly has great results but forecast cloudy OOIL reports record revenue but has "legitimate concerns about the impact of inflation and interest rate rises on consumer spending."
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators Aug 22-26 In bunker markets, suppliers in Northwest Europe have expressed growing concerns around HSFO availability as the impact of the new EU sanctions has begun to be felt.
REFINERY NEWS: Sweden's Preem plans partial works at Lysekil in Sep The turnaround will be used also as preparation for the company's strategy to switch to large-scale renewable fuel production.
Iran says talks on nuclear deal have made 'relatively good progress' Iran could see a million barrels of its oil flowing into the market once a deal is closed and implemented.
OIL FUTURES: Crude rebounds as natural gas soars Earlier on in Asian trading hours the market had fallen further, dropping more than $1/b amid expectations of hawkish comments from US Federal Reserve Chairman Jerome Powell and an upcoming increase in Iranian crude exports as nuclear deal talks progress.
CHINA DATA: July fuel oil exports rise for third consecutive month All the barrels exported so far in 2022 were under the customs warehouse trade route, suggesting they were exported for bonded bunkering at Chinese ports.
Rhine water levels rise, easing concerns over commodity barge flows The river's water level at the key choke point of Kaub stood at 100 cm early Aug. 22 and is expected to reach 150 cm by Aug. 23, according to Germany's Federal Waterways and Shipping Administration (WSV)
REFINERY NEWS: Germany's Leuna processes around 50% non-Russian oil: report By the end of the year, it aims to completely halt the processing of Russian oil.
REFINERY NEWS: Iran's Isfahan fuel oil pipeline shut for repairs after leak A 40,000 b/d fuel oil pipeline at Iran's Isfahan oil refinery is being repaired after a leakage incident, oil ministry news service Shana reported on Aug. 21.
India's MRPL offers high sulfur fuel oil for Sep 11-15 loading MRPL previously offered 25,000 mt of marine fuel with 0.5% sulfur and viscosity of 380 CST and 25,000 mt of marine fuel with 0.5%S and viscosity of 180 CST for Aug. 7-9 loading from New Mangalore.
CHINA DATA: July crude imports from Angola, Brazil fall to multi-year low July arrivals from Russia gained 7.6% year on year to 1.69 million b/d, or 7.15 million mt, keeping the producer as China's top crude supplier.
ASIA RESIDUAL FUELS: Key market indicators for Aug 22-26 Asian refiners were expected to cut production after LSFO market sentiment turned increasingly bearish in recent days, helping tighten supply to an extent, but steady arbitrage arrivals from the West would partly offset the drop in regional output, traders said.
Maersk, China's Debo to develop biomethanol project to aid green shipping Maersk's agreement with Debo targets the project to have a capacity of 200,000 mt/year, with commercial operations scheduled to start by fall 2024, Maersk said in a statement Aug. 19.
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