A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed.U.S. District Judge…
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US Navy Destroyer Jack H. Lucas Departs Ingalls Shipbuilding
The U.S. Navy's first Flight III Arleigh Burke-class guided-missile destroyer Jack H. Lucas (DDG 125) departed HII’s Ingalls Shipbuilding division Tuesday. DDG 125 will be commissioned October 7, 2023 at a ceremony in Tampa, Fla., before sailing to its...
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ABS, Crowley Advance Augmented Reality Technology
U.S. shipping company Crowley and classification society ABS have entered an agreement to jointly explore how to advance the use of augmented and virtual reality technologies for vessels and other marine environments.The ABS partnership agreement…
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Baltic Dry Index Scales 11-month Peak
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an 11-month high on Wednesday, driven by robust capesize rates.The overall index, which factors in rates for capesize, panamax and suprama...
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Diana Inks LOI to Order Methanol Dual-fuel Bulkers
Dry bulk shipowner Diana Shipping announced it has signed a letter of intent (LOI) to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels…
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NRL Plans to Boost Low-sulphur Fuel Oil Output for Ships
Pakistan National Refinery Limited (NRL) has started producing very low sulphur fuel oil (VLSFO) for ships and is planning to expand its monthly output by at least five-fold in six months, the company said late Tuesday.The company is producing about 2,...
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Shipping Industry Has No Easy Path Toward Decarbonization
The shipping industry lacks clarity on future clean fuels and regulatory systems which is holding back companies from replacing ageing vessels amid pressure to decarbonise faster, U.N. agency UNCTAD said on Wednesday.Shipping, which transports…
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Jailed Russian Tycoon Launches $14B Lawsuit in UK Over Port Holdings
Russian tycoon Ziyavudin Magomedov, jailed at home in Russia, has launched a London lawsuit seeking nearly $14 billion over his holdings in valuable port operators, which he says were seized as part of a state-backed conspiracy.The businessman…
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GEOS to Sell VOS Sugar Offshore Vessel at ‘Substantial Profit’
The Norwegian offshore vessel owner Golden Energy Offshore Services AS (“GEOS”) said Wednedsay it had entered into a memorandum of agreement (the “MoA”) with an undisclosed buyer for the sale of the subsea support vessel VOS Sugar.The VOS Sugar…
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QatarEnergy Orders 17 Ultra-Modern LNG Carriers for $3.9 Billion
Qatari oil and gas company QatarEnergy has ordered 17 "ultra-modern" LNG carriers from South Korea's HD Hyundai Heavy Industries (HHI).The deal, signed at a ceremony in Seoul, is valued at 14.2 billion Qatari Riyals (currently around $3,9 billion)…
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