VIDEO: Sailing ship turns ocean plastic pollution into energy Classification society Bureau Veritas has awarded its Approval in Principle (AiP) to an innovative sailing vessel designed to not only collect floating ocean plastic pollution waste but to process it. Called the
C-suite changes at C-Job Netherlands headquartered C-Job Naval Architects is making changes to its leadership team. The firm was founded in 2007 by Basjan Faber and Job Volwater. Now Faber is stepping down as CEO to
Crowley and Esvagt sign additional SOV joint venture agreements Jacksonville, Fla., based Crowley Maritime and Esbjerg, Denmark, headquartered Esvagt have executed additional joint venture agreements related to their commitment to support purpose-built, Jones Act vessel development and availability for U.S. offshore
Seabulk takes delivery of second Advanced Rotortug from Master Boat Builders Master Boat Builders, Inc. (MBB) reports that Hermes, an Advanced Rotortug (ART 90-98US), was delivered to Seabulk earlier this month. The vessel was designed by Robert Allan Ltd. and built at MBB's
Grimaldi succeeds Poulsson as ICS chairman The board of the International Chamber of Shipping (ICS), representing 80% of the world's merchant fleet, yesterday appointed Emanuele Grimaldi, president and managing director of Grimaldi Euromed SpA, as its chairman. Grimaldi,
SeaShuttle autonomous containership project set to move ahead SeaShuttle, a project that aims to build two hydrogen-powered, remotely controlled and autonomous-ready containerships for delivery by 2025 has secured NOK150 million (just over $15 million) in funding from Norwegian state enterprise
Ukraine's major wartime export route facing major challenges Ukraine's only operating ports - Reni, Izmail and Kiliia - have a vital role to play in facilitating international trade...
Iran-linked tanker departs Croatia after four weeks Panama-flagged ship said to have cargo of Iranian crude loaded via ship-to-ship transfer off Malaysia in April based on satellite...
German port workers strike in support of pay claim Ver.di union seeking inflation-plus pay rise from ZDS port employers
Liverpool's maritime rejuvenation strengthens UK port city region UK port city has brought academia, industry, politicians, business, unions and seafarers together in a common maritime purpose. It is...
Owners with poor claims records facing double-digit hull and machinery hikes 'Much of what happens at the back end of the year will depend upon the continued demands of capital for...
Maersk foundation puts another $45m into zero-carbon group AP Moller Foundation has donated another $45m to the non-profit Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, the group...
Over 3,500 seafarers abandoned worldwide, survey shows A lack of adequate inspectorates across IMO member states to examine Maritime Labour Convention requirements is compounding the neglected seafarer...
Steep increase in container losses overboard - WSC study Containers lost at sea remain remarkably low given the number carried each year. But winter storms are taking their toll...
Cargo volumes in China recover steadily Decreased global demand led by high inflation in global market contributes to the slow recovery in China
Russia's seaborne fertiliser exports at record high Despite being at the forefront of campaigners for embargo against Russia, the US has also been buying Russian fertilisers, sources...
China Merchants Port Holdings names Yim Kong as vice-chairman Management reshuffle sees chief operating officer Xu Song named managing director
HJ Shipbuilding secures dual-fuel containership order from Navios Excluding options, the order will bring the number of newbuildings won by the builder this year to eight worth a...
PSA completes trial with OOCL to improve container flow An better flow of empty containers can reduce the amount of carbon dioxide equivalent per trip by an average of...
Daily Briefing High container freight rates showing in inflation figures | Russian boxship feeders switch to mainline trades | BAL Container Line...
Asia-US container shipping rates are flashing two bearish signals Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
IATA chief accuses Europe of 'greenwashing' on aviation emissions IATA says airlines can't succeed on sustainable fuels, 5G interference and lithium battery safety without more government involvement.
Texas leasing company goes bonkers for Boeing 737-800 converted freighter Aero Capital Solutions is a mid-tier aircraft leasing firm that has quickly gone from zero freighters to soon having 40 of them.
One-day strike to go ahead at TotalEnergies refineries June 24: union Industrial action over pay demands was expected to go ahead as planned at TotalEnergies' French refineries June 24, a source from the CGT labor union said June 23.
Marine fuel 0.5%S spread between Santos, Buenos Aires changes direction in June A traditional pricing discount for marine fuel 0.5%S in the port of Santos vs. the port of Buenos Aires has flipped in June amid strong competition and a period of low demand in the Argentinian port.
INDIA DATA: Gasoil exports rise 14% on month to 3.06 mil mt in May India's gasoil exports rose 13.55% month on month and 3.84% on the year to 3.06 million mt (735,387 b/d) in May, according to the latest Petroleum Planning and Analysis Cell data. The gains came amid tight global supplies for the middle distillate and on sustained expectations of a recovery in demand as more countries ease COVID-19-related restrictions.
ARA diesel, gasoil stocks rise 6.86% on week to 1.51 mil mt: Insights Global The stocks of diesel and gasoil in the Northwest European Amsterdam-Rotterdam-Antwerp hub rose 6.86% on the week to 1.51 million mt in the seven days to June 23, according to Insights Global data.
Higher clean MR market lure dirty MR tankers to clean up for higher earnings The sharp rise in earnings in the clean Medium Range or MR tankers is luring their dirty counterparts to clean up their ships to improve their returns as well, market participants said June 23.
OIL FUTURES: Crude rout extends as recession fears weigh on demand outlooks Crude oil futures fell for a third straight session June 23, dropping to five-week lows as growing recession fears overshadowed tight fundamental outlooks.
Hydrogen Fuels Australia, Clara Energy to build Hume Highway H2 refueling stations It also plans to produce hydrogen from a 640-kW solar array linked to an electrolyser, with permits to ramp up production to a refueling capability of up to 6.5 metric tons/day.
Platts opens consultation on European crude oil assessments that reflect Russian crude, exports from Russian ports It will also impose a ban on EU operators insuring and financing the shipping of oil from Russia to third countries.
South Korea GS Caltex sells 10 ppm sulfur gasoil for July loading Price: Discount of around $1-$1.50/b to the July Mean of Platts Singapore 10 ppm sulfur gasoil assessments, FOB
European LNG slot prices decline alongside rising natural gas inventories A source reported the Adriatic LNG Auction saw bids start at 30 cents/MMBtu but expects slots to be sold with prices of at least $3/MMBtu.
OIL FUTURES: Crude slides on recession worries, demand concern Increasing recession fears appear to be prompting a culling of heavy speculative long positioning in both crude contracts, even as energy tightness is as real as ever, OANDA Senior Market Analyst Jeffrey Halley said in a June 23 note.
Singapore marine fuel oil swap crack hits all-time high amid cutter stock tightness The high gasoil crack spread is also driving the crack spread of marine fuel oil higher as some 70% of marine fuel oil consists of middle distillates, market sources said.
Singapore-delivered low sulfur bunker premium at all-time high on tight prompt availability Any seller who still had oil -- and barging slots -- available to offer against the few inquiries that still trickled in for bunker deliverable in June, was potentially benefiting from a seller's market, traders said.
More Chinese LNG terminals seek bonded storage license to boost revenue The bonded license application will take time for review and approval, a source with PipeChina Tianjin LNG terminal said.
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