Vitol’s Singaporean bunker operations company, V-Bunkers, placed an order to build two electric-hybrid bunker tankers, with the intention to deploy them for harbor ops in Singapore.The bunker tankers are being built at an undisclosed shipyard…
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Some 28% of U.S. Gulf of Mexico Crude Output Offline
U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region.Hurricanes...
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Prefabrication of Federal Shipbuilding Project Funding
Initial appropriations discussions are underway for Fiscal Year 2022, with a continued focus on federal shipbuilding programs. It has been rough going for the Navy as Congress raised questions about the President’s commitment to the Navy’s long-term sh...
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Can LNG Retrofits be Economically Viable as Bridge to Net Zero?
While we await a definite ‘fuel of the future’, can retrofits be an economically viable option? Earlier in the year, the World Bank report denouncing liquefied natural gas (LNG) as not being environmentally sound left many owners who had invested in LN...
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Port of Mobile Reports Record Growth
Containerized cargo volumes through Alabama's Port of Mobile continue to climb in 2021 as shippers seek uncongested gateways servicing key North American markets. In August, container volumes increased 34% over August 2020 volume, while year-to-date vo...
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DOF’s Norskan Clinches AHTS Deals with Petrobras
Norwegian offshore support vessel firm DOF said this week its Brazilian subsidiary Norskan had secured a new long-term contract and extended another one with the Brazilian oil company Petrobras.Anchor handler Skandi Botafogo has been awarded…
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FuelTrax, TOPL Partner on BaaS Platform to enhance Energy Trade Transparency
FuelTrax has partnered with Topl to use Topl’s Blockchain-as-a-Service (BaaS) platform to meet the demand for greater transparency in energy trading operations.With blockchain integrated into EFMS products, each step in the energy trading process has a...
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Swiss Shipping Firm MSC Launches Takeover Bid for Brazilian Log-In Logistica Intermodal
Brazilian logistics company Log-In Logistica Intermodal said late on Wednesday it had received a takeover offer from Swiss-based shipping group MSC, which intends to acquire a controlling stake of up to 67% in the company.According to a securities fili...
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Maersk Lifts 2021 Outlook Again as Freight Rates Rise
Danish shipping group A.P. Moller-Maersk lifted its 2021 outlook again on Thursday, riding the rise in freight rates which has resulted from a congested global supply chain.The coronavirus pandemic has prompted shortages of container ships and logjams ...
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Yanmar to Power MOL’s New Dual-fuel Coal Carrier
Japan's Yanmar said Thursday it had received an order for dual fuel 6EY22ALDF engines which will be used to power generators on board Mitsui O.S.K. Lines' new LNG-fueled large coal carrier. The coal carrier will be built by Namura Shipbuilding."Emissio...
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