IMO strikes compromise on experience building phase proposal for 2020 sulphur cap IMO environmental chair steps in to break deadlock with call for proposals on fuel oil quality next May
Costamare ups charter deal to include scrubbers Costamare says that It will install scrubbers on five post-panamaxes contingent on a rate increase and charter duration extension agreed...
Rise in India's coal imports supports bulkers While the support is not explosive, it is helpful, according to one market participant
Needed: Innovation for cyber risk cover Lack of claims data makes pricing difficult, while marine insurers debate the pros and cons of institute cyber attack exclusion...
DSV ends its pursuit of CEVA Logistics after raising bid Upgraded offer from DSV still not enough to entice CEVA board into talks, while CMA CGM sits just below takeover...
Mainlane performance describes a tale of two trades Capacity management on the Pacific has pushed up rates while Asia-Europe trade staggers under the weight of too many container...
UK borders ill-prepared for no-deal Brexit, NAO warns Ongoing political uncertainty and delays in negotiations have hampered the effectiveness of border planning
Lloyd's List names Outstanding Achievement Award recipient Almost 50 years after he joined his first India Steamship vessel, Capt Jitendra Misra's inspirational leadership of his company, Emarat...
MOL plans performance monitoring system for 80 bulkers MOL is installing Napa Fleet Intelligence on 80 of its time-chartered bulk carriers
Maritime wakes up to cyber-security threat A study, published by the GMF, Marsh and the IUMI, concluded that 'cyber-attacks and data theft' remains maritime's Achilles' heel
Ocean Alliance partners fight for top slot on transpacific trade CMA CGM is snapping at the heels of alliance partner Cosco to take the lion's share of lucrative Asia-North America...
IMO approves sulphur cap guidance Environmental regulators reject a call for port state control authorities to have a 'practical and pragmatic approach' during inspections for...
D'Amico chief executive Marco Fiori steps down Resignation has been accepted by the board of directors, says d'Amico
Daily Briefing IMO pushes ahead with 2020 fuel carriage ban | Box carriers 'held back by manual and analogue processes' | Lloyd's...
LNG newbuilding boosted by stronger shipping markets With the LNG shipping environment looking firmer, statistically the sector is playing a more prominent role in newbuilding activity than...
HMM to impose fuel surcharge, issues $883m long-term bonds HMM has also said it will be introducing a fuel surcharge to offset rising fuel costs ahead of the IMO...
DP World container volumes slow due to 'market caution' Growth in Europe remained robust with strong growth in London Gateway and Rotterdam and volumes in the Europe, Middle East...
Costamare banks newbuilding loan and joins scrubber club Greek boxship owner also added to its fleet during active third quarter.
Maritime has 'false sense of preparedness' on cybersecurity Most respondents to industry-wide survey believe they are ready for cyber-attacks but a minority of companies think otherwise.
Evergreen Marine raises $97m in new share issue Taiwanese container line seeks to repay bank loans and improve leverage ratios after first-half losses.
Dorian LPG wins Equinor VLGC tender at strong rate New York-listed owner tipped to have secured long-awaited deal with Norwegian energy company.
IMO confirms ban on carrying high sulphur fuel Regulator decides to stick to dates for ban on carriage of non compliant fuels.
Two Middle East tanker executives on the move The end of the Middle East summer has come with senior management changes at several of the region's largest tanker companies. Former Gulf Navigation chief financial officer Duncan Sawyer has emerged as the new CFO of Dubai-based Al-Iraqia Shipping Services & Oil Trading (AISSOT). AISSOT had recruited United Arab Chemical Carriers (UACC) CFO and acting CEO Ketil Ostern as its CEO in May. Sources
Vasi Shipping selling boxship for scrap Singapore-based Vasi Shipping is in the process of selling its only owned containership for recycling. Managing director Captain Venkat Padmanabhan told TradeWinds that reports by brokers that a deal had been lined up to sell the 1,368-teu containership Vasi Sun (built 1990) to Bangladesh for $470 per ldt or $3.5m are premature. "The ship is not yet sold. We are still negotiating," he said on We
Alpha Shipmanagement aframax heads for recycling Singapore-based Alpha Shipmanagement has sold a 22-year-old aframax tanker for demolition in Bangladesh. Polaris sells two more capesize bulkers for demolition Masterbulk sells final two 1980s-built bulkers for recycling in Alang Shipbroking reports show that the sale of the 114,000-dwt tanker (built 1996), which Alpha bought as the Muroran Maru in March 2013 for $8m, has been done on a gas-fre
Carnival sent petition on burning HFO in Arctic Arctic indigenous leaders and marine and environmental experts deliver 104,000 signatures from Europe and North America to the cruise major's UK headquarters.
Golar LNG Partners distribution cut shallower than feared Unit price ticks up as axe finally falls on quarterly payout to investors.
Fire on cruiseship newbuild contained quickly Meyer Werft says only minor damage caused after blaze in AidaNova cabin.
Fredriksen moving to stealthily slide up LNG newbuilding tally Norwegian shipowner closing in on additional contracts at South Korean shipyard.
Minister rescues royals as Klaveness wows the crowds in Yangzijiang Norway's foreign minister stands in for Queen Sonja and King Harald V at last week's delivery of the first of nine kamsarmax-size vessels at Yangzijiang Shipbuilding Group's New Yangzijiang yard
Laskaridis moves into offshore with PSV buy Greek owner won auction for vessel stranded in UK for more than two years.
Scenic Cruises could build three more at Uljanik But first ships will be pulled if striking staff stop sub-contractors working.
Marco Fiori resigns as chief executive of d'Amico International Shipping Executive departing at the end of this year after more than two decades in the job.
Arctic takes positive view on NAT with eyes on refinancing Rising rates and vessel values should support recapitalization, analysts say.
Canadian sea 'too warm' for research ship Unusually mild conditions meant vessel could not use water to cool engines.
West of England hikes premiums P&I mutual agrees 5% general increase for next year.
Swiss prosecutor opens Massoel kidnapping case Negotiations with Nigerian abductors of bulker crew ongoing.
Double Haven takes chunk of Oceanteam in debt swap Fund builds stake to 5.12% in OSV owner.
Siem Offshore fixes subsea ship for 15 months Siem Barracuda to carry out renewables work, with six months of options.
MOL fitting intelligence system on 80 bulkers Japanese owner using NAPA kit to optimise propulsion.
Stenersen lines up tankers at Taizhou Kouan Norwegian owner has two chemical carriers on subjects at Chinese yard.
Hunter and Hartree open door for consolidation with new eco VLCC pool Arne Fredly's Hunter has taken its first step in VLCC market consolidation, teaming up with fellow newcomer Hartree Maritime Partners to create a pool for scrubber-fitted eco VLCCs. Oslo-listed Hunter is also taking supervision of the four VLCCs Hartree has under construction at DSME, a statement to investors explained. Hunter Group 'increasingly attractive' M&A target Hunter Group aiming to s
Clearlake extends charters on Novoship aframaxes for a year Russian state giant charters out another two aframax tankers, bringing the total number of its period deals in this segment over the past month to five
Loan provisions drop to $50m at Nordea Third quarter sees shipping reverse impairments, but offshore losses grew.
NYK develops on-board checks for LSFO Japanese owner's new kit will help IMO 2020 compliance bid.
Polaris sells two more capesize bulkers for demolition The Solar Ember and Solar Arion reported to be heading for recycling in Indian subcontinent.
UK draws up plans for Brexit ferry flotilla Vessels could be chartered to bring in critical supplies in event of no-deal EU exit.
Caspian Shipping to add 50 vessels by 2025 Azerbaijan shipowner eyes expansion at its lines up four more tankers at Baku Shipyard.
BW LPG, Trafigura and UASC suing WFS over contaminated bunkers Off-spec fuel said to have caused damage to fuel pump systems aboard two VLGCs, plus problems on a tanker and boxship.
Seacor Holdings sees slight dip in third quarter profit But Charles Fabrikant-led firm posts better results in inland and shipping and logistics divisions.
OOCL looks to expand African liner footprint Hong Kong liner operator now set to serve both sides of continent with new services from Asia and Europe. OOCL opts for LSFO to meet IMO 2020 regulations OOCL is expanding its liner service foot print in Africa with the introduction of new services to the continent from Asia and Europe. From China it is introducing two new services - West Africa Service 1 (WAF1) and West Africa Service 3 (W
WTI/Brent spread narrows as crude futures diverge The WTI/Brent spread steadily narrowed on Wednesday after crude futures diverged in afternoon trading.
Russian Rosgeologia sees catastrophic underfunding in state exploration projects Russian Rosgeologia sees state funding of hydrocarbons exploration as catastrophically insufficient, which could contribute to a drop of 40% in oil output by 2035.
IMO rejects 'experience building phase' for 2020 sulfur cap Proponents defended it as a data-gathering exercise while its detractors saw it as an attempt to water down the regulation.
Bunker suppliers source fuel oil clips in NWE MOC amid tight availability The tightness is reflected in the highly backwardated physical to paper 3.5% FOB Rotterdam barge structure, last assessed at $8.00/mt Tuesday.
TRADER NOTE: Varun Chhabria joins UK's Greenergy to lead Marine Fuels group Varun joins the company from independent fuel and lubricants supplier Certas Energy.
FUJAIRAH DATA: Oil product stocks up 5.8% on week, driven by light distillates Light distillates reached their highest levels since the start of inventory reporting in January 2017, due to weak gasoline demand and strong supply flows of European gasoline east of Suez.
S Korea's Hyundai Oilbank to start supplying 0.5% sulfur bunker in Oct 2019: source From October 2019 to May 2020,it will be able to supply about 50,000 mt/month of LSFO, the source said.
External: Global Risk Management
Japan's bunker fuel demand improves as South Korean prices rise on tight supply "Supply will be tight in Korea till the first week of November," a South Korean supplier said.
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