UNCTAD: Ukraine war raises global shipping costs, stifles trade The Russian invasion of Ukraine is stifling the trade and logistics of Ukraine and the Black Sea region, increasing global vessel demand and the cost of shipping around the world. In a
Versatile tractor tug joins Cook Inlet Tug & Barge The Dr. Hank Kaplan, a versatile and powerful harbor tug, entered service in Alaska earlier this month in the Cook Inlet Tug & Barge fleet. Delivered to its original owner in 2017
U.S. will supply Ukraine with over 20 Metal Shark military vessels In an effort to help Ukraine to better protect its coastline, waterways, and ports, the United States is providing the country with a range of defense articles, including 23 welded-aluminum military vessels
Shell and CMA CGM sign agreements on LNG and decarbonization A new multi-year liquefied natural gas (LNG) supply agreement between Shell and the CMA CGM Group will see CMA CGM's 13,000 TEU containerships bunkered in the Port of Singapore. This will be
NASSCO awarded 2 Navy LLT contracts for 3 ships General Dynamics National Steel and Shipbuilding Co. (NASSCO), San Diego, Calif., has been awarded two Navy long-lead-time (LLT) contracts that together are worth $600 contracts. The larger of the two is a
AEU Safety Awards winners announced The American Equity Underwriters, Inc. (AEU) has announced the winners of the 2021 AEU Safety Awards. AEU is the program administrator for American Longshore Mutual Association (ALMA), a group self-insurance fund providing
FMD exclusive naval field service provider for Ideal Electric Beloit, Wis.-based Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has finalized an agreement that will see it serve as the exclusive naval field service provider for The
Value of 10-year-old MR tankers rises 11% in month Recent tanker sale and purchase activity has focused on the medium range sector with values of this vessel type strengthening...
KPI OceanConnect sees steady profit Solid financial results come 'despite uncertainty within the market, and on the back of global pandemic', says chief executive
Box carriers should expect more European delays The number of vessels waiting in northern European anchorages is steady, but labour disruptions mean port delays are here to...
Industry needs to agree what 'carbon neutral' means Consensus or majority backing on what makes a fossil-fuel deal carbon-neutral is crucial for finding short-term emissions cuts, according to...
Ties that bind: Behind a successful maritime cluster British shipping must resist seeking investment to recreate glories of the past. To move past its rivals, it must look...
Bulker owners warned not to rely on EEXI rules for rates lift Analysis shows average speeds would have had to have been 1.7% lower in 2021 to meet EEXI rules from next...
More supplementary calls at American Club Another rate hike likely at next renewal round, members warned
Cargoship allowed to leave Mariupol after four months Ship alongside at occupied port since Russian invasion of Ukraine allowed to sail for Novorossiysk, but other vessels remain trapped
Why autonomy in maritime may be the answer after all Research into the state of co-operation between humans and machines at sea finds that seafarers are generally in favour of...
Parting words for Biden as Engelstoft retires from Maersk Container shipping companies, such as Maersk, have had a profound impact on the lives of people around the world by...
Cosco Shipping names Lin Ji as executive vice-president Lin Ji's career includes stints as president and chairman of Cosco Shipping Europe, president of Cosco Europe and president of...
Dynagas Partners says Russia-linked charters 'performing' Nasdaq-listed owner of six liquefied natural gas carriers posts sharp increase in first-quarter profits
CSSC Shipping strikes leaseback deal for semi-submersible newbuild Lloyd's List Intelligence data shows the original owner has a fleet of six vessels, including two semi-submersibles of the same...
Shanghai shipyard gets capesize dry bulker order from NYK Deal comes month after Shanghai-based yard won order for a pair of mid-sized containerships from Thailand's Regional Container Lines
Daily Briefing Economou leads Greek shipowners' increasing exposure to Russian oil trades | Carriers face rising need to shore up freight rates...
At least 13 dead after chlorine explosion at Jordan port The incident has reportedly killed at least 13 people, including five crew members and eight locals. The Chinese owner of...
Viewpoint: The jaws of trade squeezing the supply chain The jaws of the supply chain vise are squeezing trade so tight that the headache it is creating will be a whopper for logistics managers...
Silk Way West Airlines orders A350 freighters in Airbus pivot Silk Way West Airlines, an all-cargo carrier based in Azerbaijan, placed an order with Airbus on Tuesday for two A350 large freighters, moving from an...
Embraer notches 1st sale for E-Jet freighter conversions Embraer is the latest manufacturer to launch a freighter conversion program for used passenger aircraft.
INTERVIEW: Global interest in Saudi Arabia's mineral auctions surprises to upside Political considerations over Saudi Arabia have not impeded investor interest, the minister said in an interview after the London leg of a roadshow to highlight the kingdom's mineral wealth to analysts and potential investors.
Ukraine war exacerbates global lack of emissions progress: BP Statistical Review The Review showed global energy demand had risen by 5.8% in 2021 to 595 Exajoules, more than reversing the pandemic-related fall in 2020, with primary energy use rising to 1.3% above 2019 levels.
Singapore 380 CST HSFO cash differential falls to one-year low on ample supply Asia has been seeing an increase in supply from regional and Middle Eastern refineries on the back of higher run rates.
G7 cautiously backs Russian oil price cap, pledges to boost energy security, stability The G7 pledged to consider a ban on services enabling transportation of Russian seaborne crude and oil products, unless the oil is purchased at or below a price to be agreed in consultation with international partners.
OIL FUTURES: Crude rises amid Libyan supply fears Libya's state-owned National Oil Corp. was nearing the point of declaring force majeure on oil exports from its main oil terminals on the back of an increasingly worrying political situation in the country, NOC chairman Mustafa Sanalla said June 27.
Saudi refining capacity rises 14% in 2021 Saudi Arabia's refining capacity is likely to rise over the coming decade in one of the rare additions globally as its main oil exporting company Saudi Aramco looks for downstream joint ventures in China and India - the major centers for growth.
Singapore July LSFO arbitrage inflow from West likely to stay below 2 mil mt: traders As Singapore typically receives fuel oil cargoes with a sulfur content of over 0.5% and sells about 2.5 million mt/month of low sulfur bunker fuel with maximum 0.5% sulfur, supply is expected to remain tight in July, sources said.
REFINERY NEWS: Finland's Neste makes FID on Rotterdam renewables plant The current capacity of the Rotterdam plant is 1.4 million mt/year, which will be expanded by another 1.3 million mt/year, reaching 2.7 million mt/year.
G7 leaders announce plans to establish inclusive 'Climate Club' by end-2022 G7 leaders have been meeting at a summit in the Bavarian Alps, ostensibly to highlight actions to support Ukraine and sanction Russia, but also to draw developing countries into new partnerships.
China issues 52.56 million mt of new crude quotas to 35 refineries The volume rose 49.2% from the 35.22 million mt allocated in the same batch for 2021. Last year, the second batch was issued June 21.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
