Cape Point Navigation Company Limited

The Biden administration granted oil refiner Citgo Petroleum a maritime shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week.The waivers are intended to help ease distribution of fuel after a major pipeline serving the U.S. East Coast was forced shut by a cyberattack last week, triggering widespread shortages of gasoline, diesel and jet fuel.The Department of Homeland Security had announced the second waiver on Friday, but did not name the recipient.

Brazilian miner Vale expects to soon put into service the first-ever bulk carrier propelled partially sails, the company said on Thursday.The rotor sail-equipped newbuild, a very large ore carrier (VLOC) named Sea Zhoushan, is being built in China for owner by Pan Ocean Ship Management and will be chartered by Vale upon delivery in the coming days. Not only is Sea Zhoushan the first bulk carrier to be fitted with rotor sails, the 340-meter, 325,000 dwt vessel is also the largest ship ever to be outfitted with the fuel-saving and emissions-reducing technology, said manufacturer Norsepower.

The U.S. Coast Guard on Friday lifted its marine traffic restrictions on a section of the lower Mississippi River that has been closed since Tuesday, clearing towboats and barges to resume operations on one of America's busiest and most vital trade arteries.All river traffic came to a halt near Memphis, Tenn. on Tuesday when a large crack was discovered on a structural beam supporting the Hernando DeSoto Bridge, which carries I-40 vehicle traffic over the river from Memphis, Tenn., to West Memphis, Ark.

More than 1,000 barges were backed up on the lower Mississippi River on Friday, according to the U.S. Coast Guard, while traders anxiously awaited an update on the shutdown of a portion of the waterway that is critical to U.S. crop exports.The Coast Guard on Tuesday stopped all traffic on the river near Memphis, Tennessee, after a fracture was discovered in the Hernando DeSoto Bridge, which carries vehicular traffic on Interstate 40 over the river. The closure is disrupting shipments of goods including oil and corn toward export terminals at the Gulf of Mexico.

The Nanjing Jinling shipyard in China has laid the keel for the second of three new hybrid ro-ro vessels it is building for Finnlines.The construction of MS Finneco II is proceeding, and the keel laying ceremony was held on May 12, Finnlines said.The vessel is part of Finnlines’ €500 million ($607 million) newbuilding program which includes two eco-sustainable ro-pax vessels in addition to the three hybrid ro-ro vessels.“Finnlines has made major investments in renewing and developing its fleet into more sustainable, using the latest technologies and green innovations available.