Crowley releases its first sustainability report Marking a key milestone its ambition to become "the most sustainable and innovative maritime and logistics company in the Americas," Crowley has released its inaugural sustainability report. The report aims to assess
GD NASSCO christens ESB-6 Military Sealift Command ship Expeditionary sea base USNS John L. Canley (ESB-6), the U.S. Navy Military Sealift Command's newest ship, was christened during a ceremony at the General Dynamics NASSCO shipyard in San Diego, Calif., June
NYCEDC releases offshore wind innovation RFI The New York City Economic Development Corporation (NYCEDC) has released a Request for Information (RFI) to catalyze local offshore wind innovation. The RFI invites entities from the public and private sector to
Knud E. Hansen joins wind-powered RO/RO project Sweden's Wallenius Marine has signed an agreement with Danish naval architectural consultancy Knud E. Hansen that will see the firm join the Orcelle Wind project as naval architects. Using wind as its
Idwal adds crew welfare to ship inspection grading Cardiff, Wales-based international ship inspection specialist Idwal has added 12 key crew welfare questions to its rigid and standardized inspection process. With its extensive international surveyor network, Idwal has several representatives on
Teekay Marine Solutions Inc. Seeks Systems and Customer Resource Management Teekay Marine Solutions Inc., Houston, TX seeks a Systems and Customer Resource Management to develop analytical data on customer behavior and commercial performance for existing oil tanker lightering and ship-to-ship (STS) customer
Danish survey into abuse at sea welcomed by union Maritime officers' union welcomes government investigation to map the extent of abuse and harassment at sea
Class treads carefully around Russian sanctions definitions India has become the fastest growing society in the world this quarter after taking in Sovcomflot tonnage, but is now...
New TMC chief executive addresses challenges of consultancy BV consultancy subsidiary TMC changes leadership at a turning point for the profession in terms of human resources and sustainability...
Carriers face rising need to shore up freight rates Shippers' intention to renegotiate contracts and heaped cost pressure are pushing shipping lines to trim capacity and stabilise spot rates
Economou leads Greek shipowners' increasing exposure to Russian oil trades Centrofin Management, Minerva Marine, TMS Tankers and Tsakos Group among the well-known private companies lifting Russian cargoes
Digital solutions are here to stay - but not through disruption Few new entrants to the sector are expected to survive, but collectively they will transform the way the industry operates
The week in newbuildings: Dry cargo sector sees revival Orders for bulk carrier newbuildings are at their highest levels since last October, with ultramax and kamsarmax units making up...
The week in charts: Glencore leads Sovcomflot ship purchases | Russia accused of shipping stolen Ukrainian grain | Demolition prices drop Glencore acquires five tankers from Sovcomflot, prices for large-sized LNG carriers jump, and Russia's seaborne fertiliser exports hit record high
Malaysia's Tanjung Pelepas adopts AI to improve port efficiency Tanjung Pelepas is deploying the the MarineM system, from Singapore's Innovez One
First Ship Lease agrees sale of freed chemical tanker FSL first entered into an agreement to sell vessel last year to an unaffiliated third party. The sale was cancelled...
Daily Briefing New vessel type could be needed to carry electric vehicles | Now is not the time for shipping to be...
CDB Leasing returns to New Dayang yard for dry bulker order CDB Leasing said its stable long-term relationship with the builder, now part of state-owned Sumec Group, has helped it strike...
Container-ship building spree not over yet; new orders still rising A flood of newly built container ships will be delivered by shipyards in 2023-25. Can liners maintain pricing power?
Trailer Bridge, Jaxport sign $62M terminal lease agreement Trailer Bridge signed a $62 million lease agreement with the Jacksonville Port Authority to continue operating a Blount Island terminal through at least 2041.
Airbus A380 super jumbo jet makes comeback Lufthansa parked 14 giant Airbus A380 aircraft during the pandemic but now sees value in bringing some back.
How airline's cargo mistake led to $1.7M dispute between Kuehne + Nagel, big shipper A Swiss logistics company and Baker Hughes, its customer, must take their dispute over a botched air cargo shipment to arbitration, a U.S. federal court...
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators June 27-July 1 Low liquidity in the European spot market for VGO continues as non-Russian origin cargos remain scarce amid continued strength in demand from the refining sector.
CHINA DATA: Weekly trade volume rebounds in China's compliance carbon market The compliance market's liquidity is still relatively low compared with the average weekly trade volume at 7.15 million mtCO2e in 2021.
OIL FUTURES: Crude stable as market awaits G7 price cap agreement on Russian oil The G7 leaders met at a summit in the Bavarian Alps, to discuss methods of mitigating the military and financial strength of Russia.
Limited stockpiles push Zhoushan's July term ex-wharf bunker premiums higher The limited availability of very low sulfur fuel oil cargoes means buyers are not very keen to purchase large parcels, a trader said.
REFINERY NEWS: Iran's Tehran refinery starts basic overhaul at several units Basic overhaul started on June 25, affecting GHDS, KHDS, sulfur production 3, north and south amin and sour water units, and hydrogen 3 started maintenance on June 26, Mohammadali Hasehmi, head of the general office for maintenance and overhaul of the plant, said, according to the National Iranian Oil Products Refining & Distribution Co. website.
Russian naphtha supplies still continuing to Northwest Europe: sources Although Russian naphtha barrels are flowing at a lower volume into Europe, compared with the pre-Russia-Ukraine war period, about 643,000 mt of naphtha is expected to reach Northwest Europe from the country in June, according to a forecast by Kpler shipping data.
Singapore marine fuel 0.5%S cash differential hits record high on supply tightness There was not enough marine fuel oil in the market to meet demand amid higher gasoil values, as blending components were being taken by the gasoil market and little was left for marine fuel 0.5%S, market sources said.
ASIA RESIDUAL FUELS: Key market indicators for June 27-July 1 Supply-demand fundamentals in the high sulfur fuel oil market were expected to remain weak due to increasing cargo inflows to Asia, even though demand from the Middle East was rising to meet summer electricity demand, the sources said.
Supply chain, regulatory framework urgency vital for swift maritime decarbonization: DNV conference Among the participants who voted, 20% said the biggest challenge was supply chain issues, 19% said it was the lack of solid regulatory framework, 17% pointed to inadequate funding, 16% lack of willingness and cooperation, 13% said it was technological showstoppers and the remainder attributed it to all the above.
Kuwait's KPC buys HSFO for July 1-5 delivery KPC last bought an 80,000-mt HSFO cargo with similar specifications for June delivery, market sources said.
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