Gladding-Hearn inks its first CTV order Somerset, Mass., based Gladding-Hearn Shipbuilding, Duclos Corporation, reports that it has now signed a contract to begin construction of its first crew transfer vessel (CTV) for Patriot Offshore Maritime Services LLC. As
Laker's innovative diesel electric solution delivers emissions savings A Canadian laker with an advanced Berg diesel electric drive train is already showing significant emissions reductions. Built by China's Chengxi Shipyard for Canada Steamship Line (CSL) the 26,000 dwt self-unloader, M/V
Bulker chief engineer pleads guilty in pollution case The chief engineer of a Marshall Islands bulk carrier pleaded guilty May 18 to two felony counts: deliberately discharging approximately 10,000 gallons of oil-contaminated bilge water overboard in U.S. waters off the
Damen Cape Town delivers first of three advanced patrol vessels Damen Shipyards Cape Town has delivered the first of three state-of-the-art, multi mission inshore patrol vessels (MMIPVs) to the South African Navy. Handed over In a ceremony held at Simons Town Naval
Colonna's announces management changes Bill Colonna, Chairman, and Tom Godfrey, President & CEO, have announced a series of senior management promotions along with a revised organizational structure for Colonna's Shipyard, Incorporated (CSI), Norfolk.Va. All appointments will
Six inducted into International Maritime Hall of Fame The Maritime Association of the Port of New York and New Jersey has inducted six more industry leaders into its International Maritime Hall of Fame. The awards were presented before a record-breaking
ZF Marine names new product line manager, commercial thrusters Miramar, Fla., headquartered ZF Marine North America has appointed Walter Fienco product line manager, commercial thrusters. In this role, Fienco, who was previously senior engineer, customer applications, for ZF Marine, will lead
US seizes Iranian crude from Russian tanker arrested in Greece George Procopiou's Dynacom has been hired to transfer US-sanctioned Iranian crude from the Russian-flagged tanker Lana, detained in April by...
Shipowners will be 'forced' to build greener ships 'The big container lines understand they have got no choice. The major problem will be for the smaller private owners'
Container equipment market softens as falling demand takes toll Prices for new and used containers are easing. Although still above historical records, depot congestion and falling demand are likely...
Capesizes propelled forward as activity rises According to ship brokerage Braemar ACM, the tightness in the Brazil market drove the prompt months on the forward curve to...
MR tanker period charters gain 35% in three months Russia-led trade disruption that has seen spot rates gain 345% this year is now spilling over to longer-term time charters
CDB Leasing offers $270m for LNG carrier pair The terms of the vessel purchase agreements will be determined after arm's-length negotiations with reference to the market price of...
Week in newbuildings: Decarbonisation drives multi-purpose vessel orders United Heavy Lift and ForestWave Navigation confirm multi-purpose vessel orders with the transport of wind -power turbine blades in mind
Hafnia positive on outlook for product tanker rates hike Sentiment is 'elevated' in the market as a dislocation of trade directly linked to the Russia-Ukraine conflict has led to...
Backhaul container shippers lose influence Exports account for little of the full rate for a roundtrip voyage. Carriers will logically favour more profitable head haul...
The week in charts: Russia to boost grain exports | Seaspan adds four boxship orders | Global supply chain pressures worsen Russia's wheat exports are expected to increase by 6m tonnes, Greek shipowners hit the brakes on ordering activity and secondhand...
Rio Tinto and BP agree on one-year trial of marine biofuels The results of the one-year trial will help Rio Tinto study ways to reduce its carbon emissions from its marine...
Greek banks star as finance for domestic owners sees first increase in eight years Withdrawal of major banks from Greek shipping 'has run its course'. The vast majority of banks have bigger budgets for new...
Jinhui agrees $24.6m charter for a dry bulker Jinhui will continue to look for opportunities to maintain a reasonably modern and competitive fleet. It does not rule out...
Pacific Basin bulk carrier crew safe after fire in North Atlantic Hong Kong-flagged bulk carrier has resumed passage to Egypt
Daily Briefing Euronav battle is clash of visions for the future of tankers | First among equals: UGS president Melina Travlos |...
Jaxport ready for larger container ships The Jacksonville harbor deepening project "demonstrates Florida's unwavering commitment to strengthen and grow supply chains."
Can tanker imports save drivers from spiking summer gasoline prices? East Coast gasoline inventories are alarmingly low. Gasoline imports from Europe could help but may not be enough to fill the gap.
DHL survey says COVID fades as international concern for US SMBs Supply chain delays are the chief worry among most of the 4,000 survey respondents.
IEA's Birol warns of high prices 'locking in' new wave of fossil fuel spending Although the immediate response to the loss of Russian oil and gas to world markets should include bringing on stream spare capacity where it exists, any near-term upstream spending must be balanced with the need for higher growth in clean, renewable energy, Fatih Birol said.
Angolan provisional July crude exports down 4,839 b/d on month at 1.18 mil b/d June's program featured an average of 1.19 million b/d across 37 cargoes totaling 35.55 million barrels.
Non-Russian ULSD premium exceeds $60/mt as market shuns Russian barrels In the over-the-counter market, trading sources have reported premiums of between $20/mt to $40/mt -- and in rarer cases up to $50/mt -- for non-Russian origin diesel in Northwest Europe.
Ukraine war sees diesel prices rise as Russia's thirsty battle tanks guzzle fuel Official data from the Russian energy ministry shows that domestic diesel output started to rise in December, and consumption started to increase from February, which coincides with the order to invade Ukraine.
CHINA DATA: Carbon Emission Allowance price at $8.59/mtCO2e May 20 Open market liquidity remained low. According to information from Singapore-based digital exchange MetaVerse Green Exchange, or MVGX, block trades accounted for nearly all the CEA trade volumes of the week, with open market transactions setting an all-time low of 50 mtCO2e.
OIL FUTURES: Strong start to week for crude prices in view of tight products supply On the demand side, the American Automobile Association forecast an 8% year-on-year increase in travel over the upcoming Memorial Day weekend.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week European fuel oil traders have consistently reported the very low sulfur fuel oil market to be very tight globally.
Panama bunker sales hit second-highest volume since IMO 2020 in April The sales of very low sulfur fuel oil were of 289,123 mt in April, up 35,802 mt, or 14.1%, from March but down 4.7% from April 2021.
Bangladesh's June HSFO imports to remain under pressure on weak demand Bangladesh is likely to import 375,000 mt of HSFO in June, down from 400,000 mt in May, Imran Karim, the president of Bangladesh Independent Power Producers' Association told S&P Global Commodity Insights.
Asia residual fuels: Key market indicators for May 23-27 The Singapore marine fuel oil market is expected to hover at record high levels over the May 23-27 trading week, despite slowing downstream bunker demand, due to limited availability of low sulfur fuel oil cargoes in the near term.
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