Furetank sells LNG fueled tanker to Desgagnés Sweden's Furetank Rederi AB is selling its 17,999 dwt LNG dual fueled product tanker Fure Vinga, delivered just over a year ago to Canada's Groupe Desgagnés Inc. Neither privately held company has
Chinese owner to install Alfa Laval scrubbers on 31 ships Alfa Laval says that a leading Chinese shipping company has chosen PureSOx scrubber systems for exhaust gas cleaning on 31 vessels in its fleet and has also signed a far-ranging service agreement,
American Cruise Lines accelerates newbuild program Guilford, Conn., headquartered American Cruise Lines is continuing to accelerate its newbuild program. The company introduced a new ship in 2017 and two new ships in 2018. It latest new ship will
Vigor wins $14.7 million T-AO drydocking contract Vigor Marine LLC, Portland, Ore., has been awarded a $14,731,225 contract for an 81-calendar day shipyard availability for the regular overhaul drydocking of USNS Yukon (T-AO 202). The contract includes options that,
New standard covers lithium-ion battery use in vessels A new ASTM International standard provides guidelines for using lithium-ion batteries on ships. The standard (F3353) was developed by the organization's ships and marine technology committee primarily to support large lithium-ion battery
Rederij Doeksen inks long term LNG fuel contract with Titan Harlingen, Netherlands, headquartered ferry operator Rederij Doeksen has signed a long term contract with Titan LNG for the supply of LNG as a shipping fuel to the newbuild ferries, Willem de Vlamingh
Noatum completes acquisition of MIQ Logistics Noatum Logistics to maintain its current network of agent partners
Hutchison Ports in joint venture to develop world's biggest STS transfer hub near Singapore The facility will have a storage capacity of more than 9m metric tonnes of petroleum products, located on 2,800 acres...
DSV chief executive 'super excited' about Panalpina merger The merger of two logistics players presents a solid business case that includes synergies and raising Panalpina margins, says Andersen
Crew arson does not invalidate Hague-Visby fire defence, Court of Appeal holds Case follows 2015 engine room fire on Freeport Holdings-owned tanker Lady M, probably started by chief engineer suffering from extreme...
Cosco Shipping expands logistics reach with e-commerce joint venture Deal follows a strategic co-operation agreement between Cosco Shipping and JD in 2017, when they aimed to collaborate on cross-border...
US has to pick the right LNG battle Renewed calls for US Shipping to benefit from LNG deals will likely set back new export projects. The US may...
PSA-backed trade platform takes off on desire to cut red tape The digital platform dubbed Calista will cross the 22m-transaction mark very soon
Los Angeles works to become the port of the future Long-term goal is to improve data flow among cargo owners, shipping lines, and other stakeholders so that port and terminal...
Chinese ports rush to upgrade to the smart age Ports have not quite figured out the rewards or the price of sharing their data with other industry stakeholders
Get smart: The new technology of port communities Ports need to bring value-added services to their customers in order to turn ports into communities that are more than...
Gil Ofer launches MaritimeTech Accelerator programme Gil Ofer believes 2019 will be a milestone year in which commitment from private enterprise will reach breakthrough levels and...
Maritime Singapore invests in a digital future The programme has two specific aims of growing the sector's value-add by S$4.5bn ($3.3bn) and creating over 5,000 good-quality jobs...
Wärtsilä's Singapore cyber centre gathers pace The platform has also drawn interest from non-traditional shipping players who have invested heavily in the sector, says the vice-president...
Fresh thinking at the helm of the MPA Quah Ley Hoon was chief editor at Singapore broadcaster MediaCorp before she took over from Andrew Tan, as chief executive...
Singapore seeks to consolidate its prime port position The competition in the region is fierce and the onset of new mega alliances and continued growth in vessel size...
No-deal Brexit could boost shortsea box trade Spare capacity in both feederships and UK box ports could be utilised to relieve ro-ro congestion in face of customs...
Star Bulk and ER Capital shelve four-cape deal Greek buyer and German seller mutually waive options after market slide
Vopak boosts Singapore fuel capacity with Sebarok expansion Singapore is one of the world's most important maritime nations and fuel supplier Vopak wants its Sebarok terminal to be...
Claus Hemmingsen to step down from Maersk As Maersk removes itself from the energy sector, vice-chief executive Claus Hemmingsen stands down
Daily Briefing Venezuela relies on Greek fleet to move crude | Panama mulls de-flagging Venezuela tankers | Singapore unfazed by China's bunker...
Tide turns for South Korean yards in the first quarter New DSME chief executive stresses the major shipyard has to prepare for sudden changes in the business environment while emphasising...
China set to build world's biggest LNG carrier Hudong-Zhonghua Shipbuilding and DNV GL team up to develop the world's first 270,000 cu m LNG carrier supported by bullish...
Three countries granted Iran oil waivers have cut imports to zero There are now around six ships loaded with Iranian crude and destined for China, while three are bound for India...
IGU hails 2018 as record year for global LNG trade New liquefaction facilities coming onstream bolstered global supply while demand increased, supported by strong import growth demand in Asia, especially...
The US will not delay sulphur cap implementation The US has no interest in stalling the imposition of the IMO 2020 red tape, said Admiral Nadeau who also...
AP Moller-Maersk urged to work out differences with Los Angeles dockworkers The invitation to dialogue came as a delegation of representatives from the ITF and affiliated unions addressed the Maersk annual...
Novatek signs LNG supply deal with Repsol The Arctic LNG 2 project will supply 1m tonnes per annum of LNG to markets along the Iberian Peninsula
Top executive bonus payments at Clarksons cut following dip in 2018 profit Top Clarksons executives have booked smaller bonuses in 2018 thanks to a combination of lower profitability and higher thresholds. Both chief executive Andi Case and finance and operating chief Jeff Woyda saw their pay packets shrink, according to Clarksons' annual report. Clarksons covers key bases with new chairman Thomas Clarksons calls in Miller to chair pay committee Clarksons meets highe
Wisdom Marine to raise $71m for retrofits and fleet expansion Taiwanese bulker owner will return to Japanese yards for a 38,000-dwt vessel and a 63,300-dwt ship.
Vitol and NIDAS sign COA for shipping gasoline to Nigeria Vitol has signed a contract of affreightment with NIDAS Shipping Services to ship gasoline to Nigeria during the second quarter as part of its crude-for-product swap deal with Nigerian National Petroleum Corp (NNPC). NIDAS, a London-based subsidiary of NNPC, said the contract would run from April to June in parallel with the swap deal. NIDAS secures six-month freight contract from BP Nigeria's
Commodore-to-be John Hadjipateras has no regrets after baulking at BW LPG takeover bid John Hadjipateras and his Dorian LPG notched what was arguably their landmark achievement for 2018 in a way that can only be considered defensive, fighting off a hostile takeover bid from BW LPG. But if Hadjipateras is to be known as more than the 'sector's version of Dr No, there has to be more to the plan. Where does Dorian go from here, and how does it show shareholders that its rejection of
Navigator Holdings denies wrongdoing in alleged sanctions-busting Navigator Holdings is denying any wrongdoing after three of its ships appeared on a list of vessels that worked to deliver petroleum to Syria's ruling government in violation of various international sanctions. In a statement to TradeWinds Wednesday morning, the London-based LPG carrier owner said they were "unaware of any allegation or charges" from the US Treasury Department's Office of Foreign
HSBC: IMO 2020 will be less disruptive than expected By making early preparations for compliance, shipping seems to have done something right for once, bank says.
Shipowners need to care about flying flag for a cleaner industry Shipping won't turn any greener than it has to - at least not without incentives, so we need more schemes to reward owners and operators for going over and above regulatory minimums
Avin renews fleet with twin tanker transaction Greece's Avin International has made two moves in the secondhand market within a few weeks to replace an ageing product tanker with a much younger vessel. Athens-based brokers have identified the Vardinoyiannis-controlled company as buyers of the 47,200-dwt Ariake Maru (built 2009) for about $13.6m. This comes just after other brokers reported last month that Avin sold the 47,200-dwt Vera Cruz
Paolo d'Amico 'extremely worried' about fuel compatibility under IMO 2020 Intertanko remains very concerned about fuel compatibility issues connected to the implementation of the IMO 2020 sulphur cap, chairman Paolo d'Amico told TradeWinds. Speaking in a video interview, the d'Amico International Shipping chief executive said "dark areas" remain in the marine fuel market ahead of the 1 January deadline. Embed: D'Amico He said the tanker industry trade group is not su
Norden rides on heated MR period market with Clearlake charters Danish shipowner fixes out two vessels as the one-year rate for MRs rises to the highest since July 2016
Cargill hit by Vale dam bulker fall-out Trading and chartering giant Cargill has revealed a drag on its earnings from the tragic Vale dam disaster in Brazil in January. Earnings in the industrial and financial services segment for the third quarter ending 28 February were negatively affected by the industry-wide impact of the incident that killed at least 206 people, it said. Vale's iron ore supply disrupted until 2024 This required
Two dead after fire on cargoship Chinese authorities have said two seafarers were killed in a cargoship fire in Zhejiang Province. The blaze began in the accommodation block of the 5,200-dwt Sheng Tai (built 1997) on Monday, the Shanghai Maritime Rescue Centre said, according to the Eastday website. Four rescue boats including a tug were sent to the area to help the 17 crew. Two seafarers lost consciousness while the rest were
Genting buying controversial $250m superyacht Malaysia has finally found a buyer for a $250m luxury yacht linked to a state fraud probe. Attorney General Tommy Thomas said the 3,000-gt Equanimity (built 2014) is being snapped up by the Genting Malaysia cruiseship and gaming group for $126m, slightly less than the $130m guide price, Kyodo News reported. "This will rank as the highest recovery to date for the government of Malaysia from the 1
Short sea lines could ride to Brexit rescue Short sea container lines could bail out the UK if congestion is experienced after it leaves the European Union. This is according to a study by shipping consultancy Drewry, which said spare capacity could be used to ease problems at Dover. UK Club wins Dutch clearance for Brexit bolthole DFDS: Brexit delay 'really good news' A previous Drewry study had concluded that Dover had the capacity to
Seaspan eyes LNG shipping move with Cosco deal New York-listed boxship owner Seaspan is stepping up diversification efforts through a new LNG cooperation deal with China's Cosco Shipping Energy Transportation (CSET). It has signed a framework agreement for a strategic alliance with the state-owned company, which has the largest LNG carrier fleet in China. Seaspan puts $200m down on Swiber Holdings Fairfax becomes Seaspan's largest sharehold
Allseas drains North Sea PSV tonnage pool with Baltic Sea work North Sea platform supply vessel (PSV) owners are enjoying a spike in rates following a major shift of tonnage into the Baltic Sea. Swiss contractor Allseas has been ramping up activity at its Nord Stream 2 project off Sweden and has snapped up 10 ships. Bondholders forcing sale of Boa duo Clarksons: offshore dominoes falling into place? Seabrokers identifies Allseas as the charterer behind SD
Arriva Shipping goes green as it books first ever newbuilding Arriva Shipping of Norway is ordering a newbuilding for the first time. The 8,500-dwt bulker will be built in China and outfitted in Norway. The Olen-based company also has an option to book additional ships at the undisclosed yard. The firm ship is likely to cost $13m to $15m, depending on specifications. "We take the new emission rules seriously and want to be ahead of the game in our f
DNV GL says 'carbon neutral' fuels need to replace oil to facilitate IMO goals Alternative fuels from methanol and other sources need to take the largest share in marine energy mix for the IMO to meet emissions targets for 2050
Windward raises questions over migrant 'hijacking' of ship Ownership and flag changes made to bunkering tanker before it picked 108 people from the sea off Libya
Patched-up Viking Sky due to leave Norway The patched-up cruiseship Viking Sky is due to leave Norway on Wednesday following its headline-making encounter with a storm a week and a half ago. The 48,000-gt Viking Ocean Cruises vessel (built 2017) will head to Copenhagen in Denmark from Kristiansund, according to the Norwegian Maritime Directorate. Viking Sky incident raises concerns over Solas failings Low lube pressure blamed for Vikin
Jinhui Shipping chairman raises shareholding for second time this year Siu Fai Ng, chairman of Jinhui Shipping and Transportation, has added to his holding in the Hong Kong-based bulker owner. He has purchased 21,943 shares at a price of NOK 7.81 each or NOK 171,375 ($20,053) in total. Following the acquisition, the direct stake held by Ng and his wife stands at 4,810,563 shares, equivalent to 4.4% of the company's outstanding share capital. Shares in the shipown
UK Club issues warning over malaria deaths on vessels The UK P&I Club has highlighted the importance of having the correct malaria medicine on board vessels following recent fatal incidents. Sophia Bullard, its crew health programme director, said: "Recently, UK P&I Club members reported two cases of death and two cases of serious illness due to malaria. These cases arose despite the crew member being on medication to prevent the disease." She ad
CMA CGM lifts CEVA stake to 98% French container line CMA CGM has built its stake in Swiss group CEVA Logistics to 97.89% after its takeover offer. The Cash website said it now owned 54m of the 55.2m issued shares. The previous total was 89.5%. The shipowner paid CHF 30 ($30.25) per share to raise its holding from 33% in a deal valuing the logistics player at $1.66bn.
Furetank orders tanker as it ships one out "with mixed feelings" Sweden's Furetank has returned to China for new tankers as it sells a modern vessel. It has signed a contract for one 18,000-dwt dual-fuel product tanker at Avic Dingheng Shipbuilding, with an option for one more attached. The ships will be the same as a series of six built for Furetank and its partners Alvtank and Erik Thun in 2018 and 2019. Furetank takes on DSD and OH Meling tankers Skangas
Monjasa boosts bunker volumes but profit dips Danish bunker and tanker group Monjasa has seen profit dip in 2018 despite a big rise in fuel volumes. It said there had been a 17% increase in the amount of bunkers sold last year at 4.1m tonnes. Net earnings were $5m, down from $7m last year, however. "The positive developments of more customers buying more bunkers are not completely evident on the bottom line due to some non-recurring costs
New-look Premuda team paves way for stock listing Italian hires team that tilts to the tanker sector ahead of plans to return to the capital markets 'down the road'
Kongsberg chases leadership role with Rolls-Royce Commercial Marine merger With takeover completed this week, Norwegian tech company can start integrating the two groups
Key figure Claus Hemmingsen to leave AP Moller-Maersk Claus Hemmingsen, a key figure in the strategic overhaul of AP Moller-Maersk, is leaving the group after nearly 40 years. Ane Maersk Mc-Kinney Uggla backs progress on turning around AP Moller-Maersk 'supertanker' AP Moller-Maersk aborts plans to sell final energy arm Maersk Supply Service Hemmingsen is vice chief executive and CEO of the energy division, which has largely been sold off in the p
Snapped lashing line kills bulker crewman in New Zealand A seafarer has died after being hit by a snapped lashing rope on a bulker in New Zealand. The 34,000-dwt Coresky OL (built 2015) was docked in Eastland Port in Gisborne when the wire line parted on Wednesday morning, local media said. The man was tying logs to the deck when the incident occurred. He died in hospital. Maritime New Zealand went to the scene to conduct an investigation. The Sh
BW Group offer wins just 0.07% of Epic Gas shares Singapore's BW Group has convinced holders of just 0.07% of Epic Gas shares to sell out after its takeover offer two weeks ago. A total of 51,972 shares have been tendered at $1.60 each. The stock is worth $1.66 currently. Sohmen-Pao steps on M&A gas with Epic takeover in his sights Andreas Sohmen-Pao strikes again as BW Group takes control of Epic Gas When adding previously received acceptanc
Visser Shipping retrofitting fleet with hybrid scrubbers Dutch owner Visser Shipping has signed up to retrofit hybrid scrubbers to part of its fleet of boxships. Compatriot Value Maritime said it will supply the 9MW exhaust gas cleaners to three vessels, with an option for a fourth. Scorpio Bulkers secures more cash to fit scrubbers Visser, owned by Aleida and Douwe Visser, has five modern vessels, according to Value. The Visser website lists four o
Fred Olsen Windcarrier seals jack-up vessel charter Oslo-based company will deploy American vessel in Europe in the offshore wind sector.
Tacoma and Seattle greenlight container terminal upgrade Project designed to accommodate ever expanding ship sizes and growing Asia-Pacific trade.
Robbers target second tanker off Venezuela in a week Watch keeper tied-up in latest incident comes just days after another boarding off major terminal.
Hudong-Zhonghua floats giant LNG carrier design plan Chinese shipbuilder teams with DNV GL on project to develop world's largest LNG ship
Trump takes aim at counterfeit goods trafficking White House official Peter Navarro said online marketplaces, together with payment processors and customs brokers, believe they have "no liability and that simply has to stop."
A cargo wrangler expands to China Subsidiary of CBX Global has opened four offices in China to provide solutions to customers' varied problems.
Border shutdown seen as 'destructive' to U.S. economy The large volume of shared exports and imports between the U.S. and Mexico reflects the "highly integrated" manufacturing supply chain, a U.S. Chamber of Commerce official said.
U.S. pork producers fear Mexican market loss from tariffs A state pork producers association board member told a House subcommittee that Mexican and Chinese retaliatory tariffs have had a huge negative impact on U.S. pork exports.
Port of Seattle Terminal 5 improvement project approved
Q1 US refining earnings likely to focus on finishing touches ahead of IMO 2020 As US refiners complete plant upgrades to meet increased demand for cleaner bunker fuel next year, some are tempering earlier expectations regarding market impact as the deadline looms, anticipating questions from analysts during their results calls.
Washington rail bill could put 150,000 b/d of Bakken oil shipments at risk Washington state lawmakers may soon approve a bill which could put an estimated 150,000 b/d of Bakken crude at risk of being moved through the state, potentially causing a major adjustment in domestic crude flows.
International Chamber of Shipping warns of continuing overcapacity threat The global shipping industry has yet to fully come to terms with fleet overcapacity and unsustainably low freight rates, 10 years after the massive downturn of 2008, Simon Bennett, deputy secretary general at the International Chamber of Shipping, said Wednesday at an industry event in Istanbul.
Distillates from newbuild VLCCs arrive into Europe, Latin America Most of the newbuild VLCCs which brought distillates from the East towards Europe in the last month have stayed in West Africa, but some of the volume on board has made its way to Europe regardless, according to trade sources and cFlow, S&P Global Platts trade flow software.
US committed to zeroing out Iranian crude exports With US sanctions waivers set to expire early next month, a State Department official said Tuesday that the US remained committed to zeroing out Iranian crude oil exports, claiming that global oil market conditions this year better allow for a maximum pressure campaign on Iran.
Crude stocks post larger-than-expected build amid refinery slowdown Rising production and weak refinery demand contributed to a larger-than-expected build in US crude stocks last week, US Energy Information Administration data showed Wednesday.
Rotterdam bunker availability tightens on blendstock limitations Availability of high sulfur fuel oil for bunkering at Rotterdam has been facing constraints because of limited access to blending materials, sources said.
Bunker supplier Monjasa sees sales growth amid declining margins Sales climb by 17% to 4.1 million mt/year
FUJAIRAH DATA: Oil product stockpiles drop for first time in 4 weeks
Singapore Apr/May 380 CST HSFO flips to contango first time in a year on supply glut
FUTURES: Brent closes in on $70/b on supply tightness
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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