Union chief sets out 'new vision' for salvage sector 'LOF light' proposals are unsatisfactory because they would not make for adequate incentives, sector figurehead maintains. Shipowners and insurers must...
Maersk throws down the gauntlet on emissions Maersk's commitment to carbon neutrality by 2050 deserves applause and adds pressure to the industry and regulators to keep up
DP World gains EU clearance for Unifeeder acquisition DP World reached an agreement with the Nordic Capital Fund in August to take 100% ownership of unifeeder
Alternative to Lloyd's Open Form outlined The rapid decline in the use of Lloyd's Open Form - which some regard as too expensive, especially for simple...
Transpacific trade truce could prompt new year frontloading Inventory carrying costs are mounting, says NYSHEX's Kim Cockrell, and origin factories may not be able to meet the demand...
Glencore targets rise in coal production Glencore is expecting coal production to reach about 145m tonnes in 2019 through to 2021 compared with about 132m tonnes...
DSME gets order for two LNG carriers from BW LNG South Korean builder announces deal with BW LNG in an exchange filing
Seattle's Terminal 18 sets throughput record The increased throughput is attributed to better labour relations and a host of new equipment
Golar LNG authorises $50m in buybacks The company expects higher rates and more work in the fourth quarter
CMA CGM selling direct to transpacific shippers Zvi Schreiber, chief executive and founder of Freightos, says booking on the platform 'is analogous to booking a flight or...
Lloyd's List Outlook 2019: Product tankers Nascent recovery in product tanker market will be put to the test in 2019
Daily Briefing Scrubber providers downplay impact of Singapore ban | Salvage must avoid clinging to the past with LOF | Top 10...
Top 10 in marine insurance 2018 As part of our 2018 Top 100 most influential people in shipping series, we look at the very best global...
Iran threatens to shut the Strait of Hormuz Iranian President has also pledged that the United States would not be able to prevent Iran from exporting its crude
Maersk seeks collaboration for zero-carbon goals Maersk chief operating officer Søren Toft explains why shipping must reduce carbon emissions to zero and how Maersk wants to move...
Nordic American Offshore inks year-long charter Nordic American Offshore has penned a one-year contract for one of its platform supply vehicles. Nordic American Offshore's future unclear after merger with Horizon called off The 4,200-dwt NAO Power (built 2013) will operate in the North Sea for an unnamed "first class" company at an undisclosed rate, the reeling Herbjorn Hansson-led company said Wednesday. Per the New York-traded company's th
Scrubbers part of Ridgebury Tankers' IMO 2020 plan Bob Burke digests IMO 2020 debate while Nikolas Tsakos takes a trip back in time.
Barcelona supports Mediterranean emission control area Environmental initiative aims to form European cooperation on lowering ship exhaust emissions in the region.
Opec cuts would take the icing not the cake, says Jeff Pribor International Seaways finance chief leads positive chorus of owners awaiting news from Vienna.
IOPC: Calming troubled waters The head of the international oil spill compensation organisation says the system has been a success over the past four decades
Oriental Energy takes another Qatar Shipping VLGC on charter China's Oriental Energy has chartered yet another VLGC from Qatar Shipping, which now has three of its four vessels locked into period deals. But the charterer is now paying a fraction of what it agreed to pay three years ago. Oriental Energy has agreed to pay $570,000 to $580,000 per month to take the 82,000-cbm Al Wukir (built 2008) for a year. Over the past three years, ExxonMobil has been pa
CMA CGM becomes first ocean carrier listed on Freightos French boxship giant CMA CGM has become the first ocean carrier listed on online freight marketplace Freightos. The owner said it has signed an "ambitious pilot agreement" whereby online bookings, guaranteed pricing and secured capacity on its China-US trade lanes are available on the platform, with further extension to additional lanes planned in the near future. CMA CGM sees third-quarter prof
CMES appoints president Xie as new chairman Chinese tanker giant has appointed president Xie Chunlin as new chairman after Su Xingang resigned.
LNG giants warn of owners digging an overcapacity hole Teekay, Awilco and GasLog executives say it's time to slow the speculative contracting.
Scottish STS tanker plan dropped Protesters hail decision by Cromarty Firth port.
Nanjing Tanker to order two MR tankers from GSI Chinese shipbuilder submits the best bid in Nanjing Tanker's open tender to add new shipping capacity.
Svitzer man takes CFO job at Maersk Supply Service Svitzer Australia CFO Karl Thorngren has taken the top finance job at sister company Maersk Supply Service. He joins the OSV owner from 29 April. "I look forward to joining a company which is engaged in diversifying its business and delivering solutions to the energy sector," he said. Thorngren has previously been head of M&A and projects at AP Moller-Maersk, as well as a member of the Esvagt b
EU clears DP World's Unifeeders takeover The European Commission has approved DP World's $695m takeover of Danish short-sea line Unifeeders. It concluded that the proposed deal would raise no competition concerns as it "would have a limited impact on the structure of the markets for the provision of container terminals services and of short-sea shipping services." Unifeeder brings in Astromare feeder The sale by private equity house N
Metrostar locks newbuilds into two-year charters Greek shipowner Metrostar Management has secured two-year employment deals for its two aframax tanker newbuildings that are coming out of Daehan Shipbuilding next year. European shipbrokers said the company has chartered the 114,000-dwt Prostar and Prosky (both built 2019) to trader Vitol for 24 months. The charterer is believed to be paying $20,000 per day for each ship, which is line with bro
Norway's Tank buys small unit from Turkey's Kaptanoglu Sea Tank Chartering-affiliated holding company Tank AS has purchased a product and chemical tanker from Turkish shipowner Kaptanoglu. The company reportedly purchased the Desan Shipyard-built 6,400-dwt Tana (built 2011) for $9m. Tank joint managing director Sigbjorn Tysse confirmed the purchase and said the company already had a similar ship. He said Tana "hopefully will be taken over before the
Samskip counters Brexit disruption Icelandic line ups sailings into Hull to avoid Channel.
Victor Restis barred from leaving Greece Greek owner sanctioned over transaction that involved state-owned property.
Solstad faces bondholder vote as it tries for debt freeze OSV giant aiming to improve liquidity with interest payment halt in tough offshore markets.
Vessel comes under attack off West Africa Crew and ship safe after another piracy incident.
Bulkers back in business after Ukraine 'blockade' Shipping has resumed into Ukrainian ports in the Sea of Azov following last week's incident involving Russian and Ukrainian vessels. Russia uses tanker to block Ukrainian ships Ukraine's infrastructure minister Volodymyr Omelyan told AP that merchant vessels are moving once again through the Kerch Strait, which was blocked by Russia using a tanker after it claimed Ukrainian vessels had illegally
Lloyd Fonds expands with deal for Lange Assets German shipping fund manager taking over rival with $397m of assets.
Scrubber association 'disappointed' by Singapore ban Association says decision opens up country to pollution from more LSFO.
DSF foresees the end of freight rates in digital shake-up Danish report says asset play will be reduced as vessels become small link in global supply chain.
Shell's Grahaeme Henderson: Aiming for a hat-trick Shell has taken a leading position on the IMO's incoming regulations to reduce sulphur emissions from ships. It has told the industry it will be prepared when the rules come into force on 1 January 2020. Shell Shipping & Maritime vice president Grahaeme Henderson stresses that every ship the company operates and charters will be compliant. He says Shell has vessels on spot charter that will come
BW LNG inks DSME deal for up to six LNG carriers Order boom continues as owner signs up to two firm vessels, with four options.
Maersk boldly targets zero carbon emissions by 2050 Danish giant says there is a requirement for an acceleration in new innovations and adaption of new technology to meet goal.
Gold-hunters begin cutting into war-time wreck BGL's OSV finding it tough going due to reinforced hull of sunken vessel off Ireland.
Dardanelles partially closed for WWII sub salvage GAC agency says traffic will be one way while salvors attempt to lift vessel 65 years after it sank.
Fredriksen's Northern Drilling extends Cobalt Explorer option Oslo-listed company says unit at South Korea's DSME is attractive and "in the money".
Pan Ocean confirms up to five bulker newbuildings South Korean shipowner takes number of vessels on its orderbook to 18 with latest orders.
Crude dips as market waits for OPEC meeting Crude pulled back from early-session highs to settle lower as the market digested mixed signals from OPEC leaders ahead of the group's meeting in Vienna this week.
Nigerian oil minister says may base OPEC cut decision on who recently raised output OPEC and its allies are wrestling with how to address a 1.4 million b/d supply surplus in the coming months
OPEC/non-OPEC JMMC recommends 6-month output cut from Sept or Oct levels: Oman The six-country OPEC/non-OPEC monitoring committee is recommending a six-month production cut
Trump tweets 'hopefully' OPEC will hold oil production stable, not cut output US President Donald Trump reiterated his call for global lower oil prices Wednesday
Saudi energy minister, US State Department official meet on Iran sanctions: source Saudi energy minister Khalid al-Falih met Wednesday in Vienna with a top US State Department official on Iran sanctions
Length returns to the Med HSFO market as arb east shuts Length has returned to the Mediterranean high sulfur fuel oil market after a tight couple of weeks in early Q4 as arbitrage opportunities to the East closed.
Scrubber industry body slams Singapore over open-loop ban Scrubber manufacturing industry body the Exhaust Gas Cleaning Systems Association (EGCSA) has attacked Singapore's restrictions on open-loop versions of the systems as "disappointing" and "politically motivated."
Shipping company Maersk targets zero carbon emissions by 2050 Maersk Line consumed around 10.3 million mt of bunker fuel in 2017, representing around 3.4% of global bunker demand.
UAE's ADNOC L&S inks deal with Inpex to develop LNG bunkering "Our goal, through this partnership, is to offer safe and efficient LNG fueling solutions to our customers," ADNOC L&S Chief Executive Abdulkareem Al Masabi said.
FUTURES: Crude lower on API data, awaits OPEC meet Analysts said that crude price action is likely to remain volatile ahead of the OPEC/non-OPEC meeting scheduled for December 6 and 7.
Scorpio Tanker scrubber purchase reflects growing trend ahead of IMO 2020 Open-loop scrubber systems were a short-term fix at best and would likely be regulated, a source said.
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