Why MAN sees engine retrofits as key to shipping decarbonization MAN Energy Solutions says that dual-fuel retrofits already proven on its MAN B&W low-speed engines could enable massive potential emission savings by enabling existing ships to burn carbon-neutral fuels. The company says
TTB 2022: New container-on-barge innovations to be highlighted On March 29-Day 1 of Marine Log's TTB 2022 conference for the tug, towboat and barge industry-Neal Langdon, executive vice president-sales of Arcosa, will present on new container-on-barge innovations in the U.S.
Alaska starts acquisition ball rolling on ferry replacement The Alaska Marine Highway System (AMHS) has taken a step forward in the acquisition process that will see it select a qualified U.S. shipyard to build a replacement for its 57-year-old ferry
Huntington Ingalls announces leadership change Huntington Ingalls Industries (NYSE:HII) COO Chris Kastner will become president and CEO on March 1 in line with a succession plan that will see current President and CEO Mike Petters become executive
Vane Brothers takes delivery of fourth of four push tugs Baltimore, Md., headquartered Vane Brothers has taken delivery of the Charles Hughes, the fourth of four 3,000-horsepower Salisbury Class push tugs under construction for the company by Chesapeake Shipbuilding & Naval Architects
Court invalidates giant U.S. Gulf lease sale In a ruling yesterday in the U.S. District Court for the District of Columbia, Judge Rudolph Contreras invalidated the Department of Interior's decision to offer 80 million acres in the Gulf of
Maritime Wellness: The untold tale of magnesium By Emily Reiblein, Director HSSE - Crowley Logistics There are some vitamins and minerals so important to the human body that without their consumption over time, the body crashes and burns. Lesser
Covid-linked FD&D claims rising, says West of England Consider self-imposed quarantine prior to calls at ports where quarantine rules are known to be imposed strictly, says P&I club
Shippers must learn to live with the new reality of container shipping Any recovery in box shipping will take time and even then will not go back to where it once was...
Tanker market gloom forecast to extend beyond 2022 'We are sceptical that crude tanker earnings in 2023 will rise above cash break-even levels for most tankers,' says McQuilling...
Black Sea bulk exports at risk if Russia-Ukraine tensions escalate Dry bulk market could benefit if thermal coal or natural gas flows are disrupted from Russia to Europe as tonne-miles...
Newbuilding contracts worth $7.6bn signed in January Orders for 36 boxships confirmed at Chinese and South Korean shipyards
Ukraine: Minor incursion could have major impact on shipping If war breaks out between Russia and its neighbour, our industry will find itself caught up in the crossfire, hopefully...
Russia-Ukraine tensions worsen crewing shortage The Russia-Ukraine tensions are worsening an already severe labour shortage, according to the International Maritime Employers' Council. Coronavirus outbreaks in...
Hafnia chief says deals have provided longevity The deal to buy a dozen LR1s from Scorpio gives it access to modern tonnage amid few newbuilding options, while...
CoolCo raises $275m from upsized offering Shares will trade on Norwegian over-the-counter market before planned Euronext listing and potentially an additional stock exchange listing later this...
Maritime warned of fire risk from lithium-ion batteries The shipping industry needs to revise its detection and firefighting systems, regulations for building vessels and procedures for declaring cargo...
Wärtsilä reports surge in orders as customers seek fuel flexibility Company chief told investors that results were moving in the right direction. The decision to focus its energies on a...
Consumer spending continues to drive supply chain congestion US retail spending rose by a fifth last year. Until that spending is redirected, supply chains can expect more stress...
Indonesia revokes coal export ban on 759 companies Compliance with the mandatory domestic sale of 25% of local coal producers' output, as well as adequate supply to the...
FMC audit shows 'sharp' increase in revenue from detention and demurrage charges US importers and trucking firms have recently filed complaints with the Federal Maritime Commission, claiming ocean carriers abuse detention and demurrage...
Cosco unit extends concession at Zeebrugge terminal Under the agreement, the Hong Kong-listed port operator, part of state conglomerate China COSCO Shipping Corp, can lease the CSP...
Daily Briefing Shippers face a decade of higher container freight rates | Shipping is 'sleepwalking into manning crisis' | Teekay targets renewable...
Logistics bottleneck forces Chinese manufacturer into shipowning Several shippers have resorted to chartering their own vessels to navigate through the unprecedented shipment delays and rocketing freight rates...
The Lloyd's List Podcast: The next phase of globalisation The era of the long-distance value chain was waning long before Trump, Brexit and the coronavirus pandemic, and the current...
Lufthansa Cargo to slowly reopen Frankfurt hub after COVID outbreak Airports in Asia have been in the news for cargo delays because of COVID cases, but infections are impacting cargo hubs around the world.
World's busiest trans-Pacific shipping lane targeted as green corridor "International collaboration is essential to decarbonize global supply chains. It's time to get started on this important work," said Gene Seroka, executive director of the...
US airlines cut off cargo service ahead of major Northeast storm A "bomb cyclone" is expected to hit the Northeast and disrupt air traffic.
Freight forwarders double down on air charter networks Renting a plane to move cargo is expensive but necessary in these days of supply chain turmoil.
Report: Shipping emissions rose nearly 5% in 2021 Despite voluntary sustainability efforts and increasing regulations, shipping emissions are on the rise.
SINGAPORE DATA: Gasoil, jet fuel stocks dip 1% on week after touching 9-week high Singapore's middle distillate stocks inched 0.79% lower on the week over Jan. 20-26 to 8.46 million barrels, after reaching a nine-week high the previous week, Enterprise Singapore data released late Jan. 27 showed.
INDONESIA DATA: Nov gasoil imports surge 161%, rebounds to 7-month high Indonesia's gasoil imports spiked 160.89% on the month, and 45.67% on the year to jump to a seven-month high at 372,360 mt in November 2021, rebounding from two straight months of declining volumes, latest data from Statistics Indonesia showed.
SOUTH KOREA DATA: December gasoil exports fall 4% on month South Korea's gasoil exports fell 4.2% on the month to 14.40 million barrels in December 2021, continuing a streak of decline, data from the Korea National Oil Corp. released in the week of Jan. 24 showed.
SOUTH KOREA DATA: Dec middle distillates output rises 8% on month South Korea's middle distillates production in December 2021 was 7.65% higher month on month, and up 5.03% year on year at 43.41 million barrels, Korea National Oil Corp. data showed.
Pakistan's refiners reject government suggestion to reduce fuel oil price Pakistan Refinery Ltd. and other refineries in Pakistan have rejected the suggestion of the energy ministry to lower the price of fuel oil, also known as furnace oil, as a way to reduce high inventories of the product.
BRAZIL DATA: Refinery output posts third annual gain in 2021, rises 2.9% on year Brazil boosted refinery output for a third consecutive year in 2021 as Latin America's largest economy accelerated its coronavirus vaccination program and eased social distancing measures, allowing for greater urban mobility that increased demand for diesel, gasoline and fuel oil, the National Petroleum Agency, or ANP, said Jan. 28.
Russian Railways expects higher crude, products shipments in 2022: reports Russian Railways plans to increase the shipments of crude oil and oil products by 1.7% in 2022, local media cited deputy head of the company Aleksei Shilo as saying.
European diesel tightness opens arbitrage from Asia as Feb flows at 209,000 mt so far Around 209,000 mt of East of Suez ultra low sulfur diesel has loaded so far and is set to arrive in Europe in February, according to Kpler and cFlow data and shipping fixtures.
CONTAINER PREMIUMS: All-in rates discounted for post-Lunar New Year sailings Sources say that all-inclusive rates for trans-Pacific sailings in the March loading period have edged dropped significantly from pre-Lunar New Year bookings.
OIL FUTURES: Brent settles above $90/b as market eyes increasingly tight supply balances Crude oil futures settled at fresh seven-year highs Jan. 28 amid a focus on global supply concerns and rising geopolitical tensions.
Return of Panama Canal extended wait times hits LNG market, freight economics Increased transit volumes at the Panama Canal pushed wait times higher for clean petroleum product and unreserved LNG tankers during the week ended Jan. 28, as more cargoes headed to the Far East to serve a rise in demand.
Grain trade yet to feel impact of Russia-Ukraine tensions, but uncertainty prevails The two countries are major players in global grains market.
Japan's Suiso Frontier sets sail for Kobe with liquid hydrogen cargo The cargo is seen as a crucial pilot shipment for what in future could be regular flows of low- or zero-carbon hydrogen from Australia to the higher-priced demand center of Japan.
OIL FUTURES: Overnight rally extends as market eyes Ukraine tensions, supply concerns The market is looking ahead to a Feb. 2 meeting of OPEC+, with analysts expecting that the group will gradually unwind its production cuts and start increasing output again.
Wartsila sees low scrubber orders in Q4 despite strong Hi-5 While vessel ordering activity improved overall, largely driven by containerships, Wartsila's marine systems segment "continued to be burdened by low scrubber volumes," the company said in a statement accompanying its 2021 full year results.
ARA fuel oil stocks up 6.1% on week at 1.168 mil mt: Insights Global The European marine fuel market is expected to give back some of its recent gains, according to traders speaking this week.
BUNKERWORLD INDEX: Rising crude sets tone in bunker markets amid diverging regional dynamics *Stock clearing lowers prices at Fujairah *Weather-related congestion at Gibraltar *Tight supply buoys prices at Houston
ANALYSIS: Commodity trading, shipping hubs anxious on proposed Russia sanctions A Japanese LNG buyer said they may prefer to buy from suppliers, such as Qatar, the US and Australia, with less political risk.
European weekly fuel oil exports to Asia fall to two-month low: Kpler Kpler estimates that 116,000 mt of European fuel oil will arrive in Asia in the week beginning Jan. 24, lower than the 341,000 mt that had arrived the previous week. This marks the lowest weekly flow since the week beginning Nov. 15, 2021.
Retail 0.5%S bunkers spot pricing rises to record highs in NY, Houston on supply tightness The Houston 0.5%S retail assessment gained $4 day on day to price at $674/mt ex-wharf, its highest point since S&P Global Platts introduced the assessment July 1, 2019.
SINGAPORE DATA: Residue stocks rise 12% to 4-month high as fuel oil imports surge Fuel oil imports surged 169.6% to 1.54 million mt in the week to Jan. 26 from 571,205 mt the week before, the data showed.
Fujairah Feb ex-wharf low sulfur marine fuel premiums fall on rising stockpiles Low sulfur fuel oil supplies at the Middle Eastern bunker hub of Fujairah have gradually risen to a more balanced level against downstream demand since January, according to market sources.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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