Is this the right sail solution for cruise ships? Rotor sails, tilting rotors, hard sails: There are a lot of wind-assisted propulsion solutions out there. French shipbuilder Chantiers de l'Atlantique thinks that Solid Sail, developed in its long running Ecorizon R&D
Carolinas offshore wind lease sale set for May The Department of the Interior announced today that the Bureau of Ocean Energy Management (BOEM) has completed its environmental review and will hold a wind energy auction for two lease areas offshore
Metal Shark gets $36 million mod to NAVSEA patrol vessel contract The Naval Sea Systems Command, Washington, D.C., has awarded Jeanerette, La., headquartered shipbuilder Metal Shark a $36,195,438 modification to a previously awarded indefinite-delivery/indefinite-quantity contract. The modification establishes fiscal 2022 and fiscal 2023
Methanol fuel cell maker scales up Methanol fuel cell maker has received Danish financing to help scale up production of its fuel cells, which convert methanol...
The Lloyd's List Podcast: The cyber threat to maritime and the insurance industry's response There is a disconnect between the increasing risk to maritime businesses posed by cyber attacks and the defences being erected...
Shipmanager linked to P&O Ferries says 'we can't condone' mass sackings 'We cannot condone the behaviour of P&O Ferries and will continue to support seafarers looking for positions with our respective...
US gas deal with Europe lifts demand for LNG carriers EU energy ministers strike agreement as they seek to reduce reliance on Russia for natural gas
Neutral shipping needs a blue corridor out of Ukraine The International Maritime Organization should continue to use its best endeavours to find a safe way out for ships stuck in...
MSC to rescue moribund ferry operator Moby Lines MSC, which already owns Moby Lines' competitor Grandi Navi Veloci, looks set to save the business via a capital increase
Norway's shipowners' group elects Knutsen's Seglem as president Nine out of 10 members of the Norwegian Shipowners' Association will invest in climate-neutral solutions in the construction of new...
Wallem appoints Ioannis Stefanou as head of shipmanagement Wallem has about 200 ships under full technical management and has slipped down the list of third-party managers. Ioannis Stefanou...
OOIL 'mindful' of external shocks amid strong container market Cosco container shipping and logistics unit is keeping a close eye on the impact of geopolitical tensions, a resurgence in...
Sovcomflot added to UK's Russian sanctions list The company has also been sanctioned by the European Union and banned from accessing US capital and equity markets
Carriers prepare for potential earnings downtrend Carriers are pursuing growth through various options, including acquisitions and fleet renewal and expansion
KSOE appoints Chung Ki-sun as co-chief executive Mr Chung will lead Korea Shipbuilding & Offshore Engineering alongside the incumbent chief executive Ka Sam-hyun
Daily Briefing Over 350 vessels and at least 1,000 seafarers are stuck in Ukraine | Law-breaking P&O Ferries set to escape penalties...
Biden-EU energy pact: LNG shipping game changer or wartime hype? U.S. LNG cargoes were already flooding toward Europe months before the new deal. Real progress seems years away.
Savannah harbor deepening is done More than 20 years after the planning began, the Port of Savannah shipping channel has been deepened to 47 feet at low tide.
Crude pushes higher as Houthi attack on Jeddah terminal underscores supply risks NYMEX May WTI settled $1.56 higher at $113.90/b, and ICE May Brent climbed $1.62 to $120.65/b.
REFINERY NEWS: Belarus Naftan reduces fuel oil output on delayed coker launch The unit was affected by a fire in the week ending Oct. 1.
CHINA DATA: State refiners cut runs to 81% in March amid maintenance The country's crude throughput averaged 14.04 million b/d over January-February, according to National Bureau of Statistics data.
OIL FUTURES: Crude falls as further sanctions by EU on Russian oil fails to materialize As the European Union summit in Brussels continued, unanimity was not reached on further sanctions against Russia, according to media reports.
European VGO loadings plunge 31% on week as Russian exports evaporate VGO loadings in Europe have taken a significant hit as Russian-origin VGO becomes increasingly off limits to many buyers, boosting the proportion of intra-European trade flows.
ARA fuel oil stocks drop 5.42% on week to 979,000 mt: Insights Global The low sulfur complex was reported to be tight on March 25 due to a lack of low sulfur cracked fuel oil in the market caused by tight supply of high sulfur vacuum gasoil, a market source said.
BUNKERWORLD INDEX: Bunker prices rise as Russia-related supply restrictions bite *Zhoushan braces for less supply in Q2 *Genoa supplier reports no product *US markets expect reduced availability of VLSFO
SINGAPORE DATA: Residual fuel stocks fall 4.1% to 22.4 mil barrels Bunker suppliers were keen to move oil in March and limit volumes rolling over into April, traders said.
OPEC warns EU over market consequences of banning Russian oil OPEC, which formed an alliance with Russia in late 2016 to manage the oil market, has been intensely lobbied by western countries and major consumers to increase crude output to offset the impact of sanctions imposed for the Ukraine war.
US, EU must resolve to maintain sanctions pressure on Russia for long haul: Biden The US announced a fresh round of sanctions on Russia March 24, prohibiting gold-related transactions with the central bank and tightening penalties on Putin's inner circle, including Gunvor co-founder Gennady Timchenko.
USGC-Transatlantic tanker rates surge as majors replace Russian crude with US barrels Aframax and Suezmax USGC-UKC freight levels were last seen reaching w190 and w92.5, respectively, in April 2020, when the pandemic-related global lockdowns prompted steep contangoes on the oil markets and put over 200 million barrels of crude and products into floating storage.
Singapore HSFO differential near 6-month highs on tight supply, specification issues Market sources expected high sulfur fuel oil inflow from the Middle East to decline as US refiners are taking cargoes there as an alternative to Russian fuel oil cargoes.
Singapore-Fujairah HSFO bunker spread narrowest in near four months Strengthening demand for prompt HSFO bunkers at Fujairah has narrowed the delivered price spread against Singapore.
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