Foss newbuild tugs feature MTU Tier 4 diesels Nichols Brothers Boat Builders has set an aggressive time table to deliver four 90-short ton bollard pull tugs to Foss Maritime that represent the company's push to enhance its fleet with vessels
Giant Brazil repair yard project moves ahead Plans to open a major new shipyard in Brasil have taken another step forward. In a ceremony held Tuesday, a Protocol of Intention was signed by Governor João Azevedo on behalf of
Aegean emerges from Chapter 11 as Minerva Bunkering Aegean Marine Petroleum Network Inc. has emerged from Chapter 11 bankruptcy as a fully-owned subsidiary of Mercuria Energy Group Limited and will now operate as Minerva Bunkering, a leading global physical supplier
Mark Ford promoted to IMCA Technical Director IMCA, the International Marine Contractors Association, has promoted Mark Ford from Technical Manager to Technical Director of the global organisation. "Mark has been with IMCA for the last seven years and knows
Wärtsilä and Samsung JDP targets LNG carriers and shuttle tankers Wärtsilä Corporation has signed a joint development project agreement with South Korean shipbuilder Samsung Heavy Industries (SHI) aimed at finding a more efficient solution for LNG carriers and shuttle tankers. An important
BIMCO looks to open Athens office BIMCO is the world's largest international shipping association, with around 1,900 members, and Greek owners control more tonnage than any other group of BIMCO members. Now BIMCO plans to open an office
Christopher Drees takes helm at Mercury Marine Mettawa, Ill., based Brunswick Corporation has promoted Christopher Drees, president - marine parts and accessories, to president - Mercury Marine. Drees will report to Brunswick Chief Executive Officer David M. Foulkes. The
Ex-NOAA vessel to become Experimental Craft - Electric A former NOAA marine sanctuary research vessel is to have a new life-as advanced technology demonstrator Experimental Craft - Electric (XC-E). The vessel has been purchased by Anacortes, Wash., headquartered Lavle USA
Yara scrubber on 80 MW ship engine sets new record Oslo, Norway, headquartered Yara Marine Technologies reports that an in-line hybrid scrubber system installed on vessel with an 80 MW two stroke main engine has successfully completed MARPOL testing. This is the
Shipping high-flyer Nobu Su jailed for contempt Taiwanese shipowner sent to Pentonville prison
Former Ince & Co offices join expanded firm Deal brings in 12 offices in seven countries, after former Ince & Co partnerships in Hong Kong, Singapore, Dubai, Greece...
India and China seen lifting imports of US-sanctioned crude The two countries are also the largest buyers of crude from Venezuela, whose national oil company has been subject to...
NordLB to exit ship finance after 'painful' losses 'Ridding ourselves of bad loans from ship financing will give us a new start,' says chief executive Thomas Bürkle
Jera agrees Maran Gas newbuilding charter Jera, one of the largest buyers of LNG worldwide, has rarely tapped non Japanese-owned ships for such long contracts in the...
Maritime to face greater environmental demands Individual governments, lenders and shippers may use their positions to pressure the maritime industry on climate goals
US maritime colleges fret about the future while living in the past CMA Shipping 2019 has heard that US maritime education is turning out cadets for an industry in a state of...
BIMCO to open Athens office Move reflects a bid to expand an already significant Greek membership at the same time as strengthening organisation's appeal in...
Stolt-Nielsen feels impact of Houston Ship Channel fire First-quarter net profit slumps to $6.6m from $38.8m a year earlier
Scrubbers and new fuels are changing the business landscape Owners choosing to fit scrubbers on their vessels are risking a depreciation of the asset value as well as potential...
The Tung family: Dealmakers par excellence Hong Kong's OOIL is now owned by China's Cosco Shipping, but the group leaves a lasting legacy in the container...
British maritime's path to a zero emissions future needs energy A Clean Maritime Council working group has identified four key constraints on the development of the energy infrastructure needed to...
San Pedro Bay ports to see decreased throughput Robert Loya, vice-president, CMI West at CMI Transportation expressed his deepening concerns over the frustrations felt by truck drivers at...
Monjasa says Panama will struggle to supply all fuel types The 31 barges working the canal must adapt to new demand for an additional fuel type and there are simply...
Nautilus Labs secures $11m in Microsoft-backed funding Maritime artificial intelligence developer Nautilus Labs has secured $11m in financing from a group of firms led by a Microsoft-backed fund. The New York-based start-up, which whose customers include Dorian LPG, Teekay and Eagle Bulk Shipping, announced the deal Tuesday, bringing their fundraising total to $14.5m. Shipping sails into age of digital transformation "Nautilus is creating an econom
US Coast Guard approves seafarer shoreside access rule In a rule years in the making, seafarers and others from adjacent organisations will have access to US facilities in a timely fashion at no cost. The US Coast Guard announced the new rule, which applies to seafarers with US visas, other covered individuals, representatives of seamen's welfare and labor organizations, Monday. It was mandated nine years ago by Congress and goes into effect 1 May.
Fears and opportunities at New York forum Key executives from across the shipping scene were highlighted on stage this week at New York's Metropolitan Club for the 13th annual instalment of the Capital Link International Shipping Forum. Organisers estimate some 900 turned up for the event. Paolo d'Amico 'extremely worried' about fuel compatibility under IMO 2020 As TradeWinds reported, d'Amico International Shipping chief executive Pao
John Fredriksen's Flex LNG set to sail onto New York Stock Exchange Spotify-style Flex LNG is set to become the latest company backed by shipping billionaire John Fredriksen to list in New York. Fredriksen's Flex inks time charter with super-major Flex LNG linked to Chevron charter in flurry of deal-making Flex, which already trades in Oslo, has filed a draft registration with US regulators to float in the world's largest capital market. The company will join siblings Front
Lloyd's Register officials sees HSFO availability as the 'bigger question' in North America Shipowners should let suppliers know how much high-sulphur fuel oil they will need and where, says Tim Wilson.\
International Windship executive: Shipowners want proof of savings Shipping industry needs 'third-party verification' that the alternative power cuts bunker costs by up to 60%, says International Windship Association official.
Meiji Shipping back at Hyundai Mipo for Shell product tankers Japanese owner's latest order makes it eight firm MRs at South Korean shipyard
Meghna Group purchase marks first physical step into ultramax bulker sector Bangladesh's Meghna Group continues to expand its bulker fleet, concluding a deal this week to acquire a modern ultramax from an Oslo Bulk affiliate. Meghna orders first bulk carrier newbuilding Meghna subsidiary United Shipping Lines has bought the 62,500-dwt Adventure II (built 2018). Prices quoted in different broking reports this week varied from $25.5m to $26.5m. The Oshima Shipbuilding-co
Peter Georgiopoulos targets shipping return with debt fund New York shipowner Peter Georgiopoulos is exploring a comeback to the sector as leader of a debt fund that would provide alternative financing. Work on the fund - to be called General Credit Corp - is understood to have been in the development stages for months, although there is no guarantee that it ultimately will be launched. Georgiopoulos is working with two trusted lieutenants from his days
LNG buyer landscape becoming more diverse and complex Analyst Wells Fargo Securities tracks how the market has changed and identifies the key players
GEV shortlists three yards for CNG quartet Australia-listed Global Energy Ventures (GEV) is ready to award shipbuilding contracts for four new compressed natural gas (CNG) carriers. It said it had received "comprehensive technical specifications" from three shortlisted shipyards to construct the new CNG 200 Optimum design. The unnamed yards had until the end of March to come back with their plans. GEV's shipping team, led by non-execu
Baltrader orders dual-fuel cement carrier duo Hamburg owner Baltrader Capital is expanding its fleet with an order for two eco-cement carriers in China. Fujian Southeast Shipbuilding will deliver the ships from the end of 2020. The units will be optimised for the European shortsea trade, Baltrader said. The CemCoaster and CemClipper will carry 4,650 tons of cargo and will be capable of running on gasoil or LNG. Brise helping out Designed
EU reveals no-deal shipping plans The European Union has unveiled plans to tackle the shipping elements of a no-deal Brexit by the UK. European Commission transport commissioner Violeta Bulc presented contingency and preparedness measures on Thursday. UK Club wins Dutch clearance for Brexit bolthole They have been agreed by member states and the European Parliament in record time and aim to limit the most significant disruption
Wartsila, Samsung team up on LNG carrier, shuttle tanker designs Finnish technology group Wartsila and Korean shipbuilder Samsung Heavy Industries are teaming up to optimise LNG carrier and shuttle tanker costs with new designs. A joint development project will look to "establish a more efficient solution" for the vessels. Wartsila building bioLNG plant in Norway They want to lower capex and opex costs through the sharing of knowledge and experience. Jin-Ta
Atlantis hoax sounds as plausible as fish-powered ferries What would On Watch do without the noble tradition of April Fool's Day? Why scour the shipping world for daft stories when made-up stuff is staring you in the face? Hats off to the British Ports Association (BPA) for its press release claiming that the possible discovery of the Lost City of Atlantis off the coast of Cornwall will lead to the construction of a revolutionary new floating port. UK
Losses rise at Lloyd's for Standard and Skuld clubs P&I mutuals suffer worst year so far on their Lloyd's syndicate business, adding to already substantial accumulated losses
Marine insurance heading for further Lloyd's retrenchment Lloyd's of London insurance market to maintain pressure on poor-performing syndicates after £1bn loss, which could mean trouble for the marine sector
Maran Gas boosts LNG fleet after locking ship into JERA charter Greek owner has a further outstanding option at DSME that is due to be declared shortly
Maersk Line hedges bets with longer-term fixtures An improving charter market sees leading containership operator make its move by increasing the number of vessels taken on period contracts
Dorian LPG sees steady growth as VLGC spot rates mount short-term surge John Hadjipateras and John Lycouris see US infrastructure improvements bringing more volumes into next year.
Eastern Pacific places supramax fleet in CTM pool Idan Ofer's Eastern Pacific Shipping has placed its supramax bulker fleet in C Transport Maritime's (CTM) pool. CTM said it was "very happy to welcome Eastern Pacific Shipping back to the Supramax Revenue Sharing Agreement (RSA)". C Transport Maritime adds d'Amico Dry duo to supramax pool The Singapore company first joined the RSA for a year with one ship in June 2017. Nine months after leavin
Cruiseships lift agony as Saga takes stock market beating Shares plunge 32% because of tough insurance market but cruise activities remain bouyant
Alafouzos family hands Okeanis Eco Tankers options for fresh suezmaxes at Hyundai Heavy Industries Greece's Alafouzos family has paved the way to transfer two suezmax newbuildings it has ordered privately to public venture Okeanis Eco Tankers. Kyklades Maritime, controlled by Ioannis Alafouzos, has booked two 158,000-dwt crude tankers at Hyundai Heavy Industries with options for two more, TradeWinds revealed this morning. Kyklades Maritime orders suezmax tankers worth up to $260m at Hyundai H
Grieg Star remains in the red despite improvements Grieg Star of Norway has registered another loss for 2018 despite some improvements. Parent Grieg Group said overall net profit was up at NOK 685m ($80m) from NOK 464m, on revenue of NOK 9.73bn, down from NOK 9.9bn in 2017. Grieg Shipbrokers gears up for next order-boom powered by emissions game-changer Grieg may have got $1.6m less for green recycling "2018 was a good year for the Grieg Group
Grieg Shipbrokers gears up for next order-boom powered by emissions game-changer Grieg Shipbrokers Group is gearing up for the next newbuilding order-boom driven by incoming emissions laws, its managing director says. The Norwegian outfit has historically been strong in the newbuilding market and has been hiring naval architects and duel-fuel specialists during the past 18 months to boost in-house expertise. Grieg Shipbrokers aims to get closer to clients in Asia Finn Engel
Ince Gordon Dadds adds foreign outposts Ince Gordon Dadds will incorporate five law firms from the former Ince & Co global network and bring in an additional £23m ($30.2m) in revenue to the newly merged firm. Ince & Co was acquired by Gordon Dadds for £27m in December last year. The deal was immediately followed by Ince & Co being placed into administration in a so-called pre-pack deal. Gordon Dadds places Ince & Co into administratio
Promise of six-figure summer rates sparks VLGC stocks in Oslo Resurgent VLGC rates could pass $100,000 per day this summer, analysts at DNB Markets believe. Commodore-to-be John Hadjipateras has no regrets after baulking at BW LPG takeover bid Sohmen-Pao steps on M&A gas with Epic takeover in his sights Its bullish read sent shares in Oslo's two listed VLGC owners skywards on Thursday. DNB Markets analysts led by Nicolay Dyvik have been positive on a VLG
Nord/LB exits ship financing as it eyes $3.9bn capital injection German lender pulling out of sector after taking huge hit on remaining $11.5bn maritime book.
Aug Bolten joins MPC's bulker management venture Hamburg owner Aug. Bolten is joining MPC Capital's bulker technical management joint venture Ahrenkiel Vogemann Bulk (AVB). MPC said the merger will be completed shortly to expand AVB's market position "significantly". The managed fleet will grow to 17 bulkers from 12, with an average age of six years. "With the accession of Aug Bolten, the company is renamed as AVB Ahrenkiel Vogemann Bolten,"
Panama Canal can meet neopanamax ship demand by 2030, says Cheniere Energy There will be sufficient Panama Canal neopanamax ship transit slots available to meet the demand for containership, LNG and LPG carrier transits by 2030, according to US LNG producer Cheniere Energy. Speaking at the LNG2019 meeting in Shanghai, Cheniere Energy manager commercial structuring Serena Xiaotian Su said about 45% of the the additional 120-million tonnes per annum of new LNG due onstrea
VEB eyes $1.5bn finance for Zvezda newbuildings Russian state development corporation VEB.RF is considering a huge financing package for the Zvezda Shipyard orderbook. According to its press service, first deputy chairman Nikolai Tsekhomsky said: "VEB.RF is currently reviewing projects of shipbuilding at the Zvezda Shipyard amounting to over RUB 100bn ($1.5bn) in total." Cash for six tankers, including two aframaxes, have already been approve
Kyklades Maritime orders suezmax tankers worth up to $260m at Hyundai Heavy Industries Greek shipowner strengthens ties with yard by booking up to four newbuilds
Briese Schiffahrt stacks up more MPP newbuilds in China Briese Schiffahrt of Germany has tripled its tally of multipurpose (MPP) vessels on order at China's Taizhou Sanfu Ship Engineering to six. Shipbuilding sources said the Leer-based owner added four more 12,500-dwt newbuildings some time ago but the deal went unreported. Briese snaps up pair of project carriers cancelled by Zeaborn A source familiar with the deal said Briese is scheduled to take
It doesn't seem fair, but hard times are here to stay for dry bulk shipowners Even if Vale's iron-ore export volumes revive, and the US and China resolve their trade differences, the sector can expect another 10 years and more of depressed markets
Houston Ship Channel fire clouds outlook for Stolt-Nielsen Norwegian tanker owner Stolt-Nielsen saw profit fall in the first quarter, but it expects markets to strengthen this year. Last month's petrochemical fire and spill near the Houston Ship Channel is complicating the picture, however. Tankers back up after Houston Ship Channel spill The Oslo-listed company said net earnings were down at $6.6m to 28 February, against $38.8m in the same period a ye
IMO 2020: Singapore could jail non-compliant owners and masters Owners and captains who fail to comply with IMO 2020 regulations could face two years of jail time in Singapore. This is according to the Maritime and Port Authority of Singapore (MPA), which was cited by Bloomberg. Scrubber association 'disappointed' by Singapore ban It did not clarify which specific offences would receive a jail term, with other penalties including a fine of up to SGD 10,000
Kiwi court prosecutes bulker master over unsafe work practices But captain of J Lauritzen-chartered vessel walks away with fine of just over $4,000.
Samudera reports further delays in securing Kapuas release Indonesian shipowner says it hopes to have bulker freed by the second quarter of 2019.
Dong-A Tanker files for court receivership Korean owner has been struggling for years and bank's declaration of event of default prompts legal move.
JERA takes Angelicoussis LNG newbuilding on long-term charter Greek titan believed to among first non-Japanese gas carrier owners to work with energy giant.
Seafarers' Happiness Index sees across-the-board declines Happiness aboard the world's ships is down across the board, Mission to Seafarers director of advocacy Ben Bailey said at the Connecticut Maritime Association conference Wednesday afternoon. Giving attendees a preliminary look into the organization's Happiness Index for the first quarter of 2019, Bailey reported drops in overall happiness, connectivity, diet and exercise and shoreside welfare fac
US adds Seychelles to security watch list Vessels calling at East African island face greater scrutiny when visiting ports in America.
Saga LNG launches itself into the LNG bunker vessel sector David Wu's baby is branching out as delivery of its first "A Box" newbuilding nears
Customs brokers balance southern border slowdown "No need to port shop, all southern ports are working the same," the Laredo Licensed U.S. Customs Brokers Association said in regard to lane reductions for commercial traffic at CBP ports of entry from Texas to California.
Containers could be a Brexit relief valve Drewry study finds lots of capacity at U.K. ports and feeder ships that could help out if the Port of Dover becomes jammed.
BIS hopes to roll out new 232 request portal by June The Commerce Department has now processed more than 45,000 of a total of roughly 80,000 exclusion requests, a BIS official told a Senate panel on Tuesday.
A cargo wrangler expands to China Subsidiary of CBX Global has opened four offices in China to provide solutions to customers' varied problems.
FTA could expand U.S. auto sales in Japan, execs say Even in a tough auto market, a bilateral trade agreement could provide opportunities for U.S. automakers to expand their market share in Japan, executives said during a trade panel.
Shipowners told to avoid over-ordering new ships ICS executive says "clouds of protectionism and slowing growth in key economies mean that the avoidance of over-ordering is now more important than ever."
Noatum Logistics completes purchase of MIQ
South Dakota truck driver declared imminent hazard
Senate committee splits on Trump nominations
Providence Equity Partners purchasing GlobalTranz
OOIL, COSCO, JD Logistics form joint venture
Senate confirms DOC enforcement and compliance pick
Crude futures diverge as market seeks next direction Oil futures were mixed in midmorning trading Thursday as the market weighed a US crude build against a generally tightening global supply picture.
Oil trading industry faces a Middle East shake-up Some of the world's biggest producers are increasingly focusing on extending the reach of their crude and products trading arms in the first major shake-up for the industry since banks shut their commodities trading desks in the wake of the financial crisis, say experts.
Rising barge rates from ARA to Germany, Switzerland hamper diesel, gasoil demand Any potential uptick in demand for 10 ppm diesel, 50 ppm or 0.1% gasoil was being dampened by more expensive freight rates to bring oil products from the Amsterdam-Rotterdam-Antwerp hub to inland demand centers in Switzerland and Germany, traders said Thursday.
Fujairah heavy residue stocks dip from 15-month high; bunker outlook stable Stocks of heavy distillates and residues in Fujairah have dipped from a 15-month high this week amid a slight uptick in bunker fuel demand
LSFO struggles with supply overhang despite strong Urals market, bullish LSSR The strength in demand for Russia's medium sour Urals crude has had a contrasting effect on the availability of low sulfur bottom-of-the-barrel products
CMA 2019: US will not push to delay IMO 2020 compliance date: Coast Guard official The US does not support a delay or a rollback to the proposed January 1 start for the IMO 2020 sulfur cap, a Coast Guard official
Japan sets fuels surcharge guidelines for coastal shipping ahead of IMO rules Japan's Ministry of Land, Infrastructure, Transport and Tourism on Thursday said it has set its fuels surcharge guidelines for coastal shipping companies
CMA 2019: Panama to face challenges post-IMO 2020 rule, says Monjasa IMO 2020 compliant marine fuel availability will not be an issue but logistics, high supply for certain grades and lack of storage could be potential hurdles
Petrotrin refinery closure turns Caribbean eyes to Gulf Coast The shut down of Trinidad and Tobago's Petrotrin refinery late last year has forced surrounding nations to reconsider their trading patterns
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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