Tankers stalling amid uncertainty over US sanctions on PDVSA A number of tanker vessels appear to be stalling en route to and from Venezuela as US sanctions start to...
P&O Ports manager killed in Somalia Three other P&O employees were injured during the incident
Significant numbers expected to ignore sulphur cap rules Recent bans on open-loop scrubber usage in China and Singapore adds further operational pressure and economic uncertainty on scrubber usage...
Pericles Panagopulos, founder of Greek ferry group Attica, dies aged 83 Founder of Royal Cruise Line, SuperFast Ferries and Magna Marine was involved in shipping from an early age
Greece continues to lead fleet-value league Chinese fleet makes biggest climb from last year by $6.3bn, according to new data from VesselsValue
Drewry paints positive outlook for ocean freight rates Drewry says, however, that rate sentiment could soon be dampened if the US-China trade war takes a turn for the...
Hapag-Lloyd to convert containership to LNG The carrier boasts world's first conversion of containership of this size to LNG power
UK has customs skill shortage, Braemar chief warns Freight forwarder does not take the view that Britain 'collectively has the skills to deal with the documentation that flows...
Grayling says maritime will be 'central' to post-Brexit trade The UK government wants - and is doing everything it can - to leave Europe with a good deal, Grayling...
South Korea merger plan for a 'big two' will trigger response State bank's sale of DSME stake is aimed at strengthening the defensive shield round local shipbuilding but its success will depend on rival nations' response as well as market conditions
Rubicon Offshore puts FPSO on sales block Rubicon Offshore International has tasked brokers with finding a buyer for one of three floating production, storage and offloading vessels in its fleet. TradeWinds is told that L&R Midland and Braemar ACM Shipbroking have been given joint exclusive rights to sell the Singapore-based operator's 110,000-dwt Front Puffin (built 1990) on an "as is, where is" basis. The Spanish-built vessel is curre
Scorpio stunned by stabbing of vessel master Group is working with authorities to investigate incident and guard against future violence as injured seafarer listed in "stable" condition.
'Layup' no more from NY lender CIT Bank Evan Cohen-led ship finance operation back in business and pursuing "classic senior debt," veteran banker tells Greek-Norwegian conference.
Scorpio calls on IMO to stand firm on scrubbers Agency's new considerations months ahead of emissions deadline said to raise unfair threats to early adapters of compliance technology.
Hornbeck notes-for-loans scheme falls short of its target Swap scheme will still help the Louisiana-based OSV owner stretch its debt maturity
Carnival to use LNG bunkering experience to speed delivery Cruiseship giant Carnival is working to speed up its LNG bunkering operations as it gains experience with its first LNG-fuelled vessel in Tenerife. Carnival is supplying about 900 tonnes of LNG as bunkers to the 183,900-gt AIDAnova (built 2018) every two weeks in an operation that takes about 10 hours, company LNG project director Stuart Carpenter said. Carnival cruiseship AIDAnova debuts on LNG
ExxonMobil locks in VLCC on seven-year time charter Brokers claim the energy major has taken the newbuild for $31,000 per day, mirroring a similar deal last July
KCC hit by Brazilian alumina plant force majeure Norway's Klaveness Combination Carriers (KCC) has been hit by a force majeure in Brazil as profit dipped in the fourth quarter. The company said net earnings were $0.66m in the final three months, against $4.16m in 2017. KCC clears the way for share issue ahead of IPO Klaveness Combination Carriers takes newbuilding orderbook to six ships Revenue grew to $29.59m from $15.15m a year ago, but co
Crewman evacuated after stabbing on Scorpio tanker An injured Indian seafarer has been airlifted from a Scorpio Tankers vessel after a fight broke out on board. The incident took place on the 110,000-dwt STI Guard (built 2016) on Monday off the island of Reunion, Franceinfo reported. The injured man suffered two stab wounds to his chest, the report said. Authorities were alerted on Monday morning and the vessel diverted to Reunion. The seafare
Measles alert for passengers on Tallink ro-pax An adult passenger suffering from measles who travelled on a Tallink ro-pax from Finland has sparked a health warning. Passengers on the 58,000-gt Silja Serenade (built 1990) between 1 and 3 February have been advised to check they have been vaccinated, YLE reported. The ferry serves the Helsinki to Stockholm route. A passenger was diagnosed with measles on Monday and is believed to have been i
Titan LNG and Fluxys team up on Flexfueler 002 for Antwerp Partnership inks second LNG bunkering pontoon barge as first set to begin work in May.
P&O Ports terminal manager shot dead in Somalia A P&O Ports manager has been shot dead by terrorists in the Puntland region of Somalia. Cosco Pakistan boss shot dead Paul Fermosa was walking to work in Bosaso when he was shot and killed by an Al-Shabab militant disguised as a fisherman, Reuters reported. The assassin was shot and killed by one of Fermosa's bodyguards. The company is owned by Dubai's DP World. The Dubai media office confirme
Scrubber-makers and ecologists at odds over open-loop sludge tanks Manufacturers say lack of residue build-up renders open-loop scrubber sludge tanks unnecessary, while activists claim shipowners bypass them
Svitzer shakes off rumours it will drop UK flag Chatter of an impending exodus from the UK Ship Registry has so far proved unfounded
Hapag claims world first with big boxship LNG conversion German line Hapag-Lloyd has booked in what it claims is the first conversion of a large boxship to run on LNG. Retrofitting of the 15,000-teu Sajir (built 2014) will take place at Hudong Hondhoa Shipbuilding's Shanghai yard Huarun Dadong Dockyard in China after a deal was signed at the end of last week. The pilot project paves the way for other large vessels to follow suit, the company said, mak
Richard Branson turns up the volume with his Scarlet Lady Richard Branson's Virgin Voyages is harking back to the tycoon's musical origins by developing what he calls RockStar suites for the company's cruiseship newbuilding Scarlet Lady. Virgin Voyages adds fourth cruise vessel at Fincantieri These feature a guitar-lined music room and an outdoor shower and dining table, with steps attached for that all-important moment when you have to dance for your
NGO Shipbreaking Platform highlights beaching death toll Clean and safe ship recycling lobby group NGO Shipbreaking Platform estimates at least 35 workers died dismantling ships on the beaches of South Asia last year. It released the figures just days after the European Commission said it had rejected applications from two of India's leading beaching yards to be included in a list of ship recyclers approved to demolish European-flagged ships. 'Wake-up
Ice-class tonnage is a lone bright spot in MR tanker trade MR earnings on the Baltic-UK Continent route are showing strength as ice-class restrictions kick in, while oversupply plagues other trades
Greek shipowner Pericles Panagopoulos dies at 83 Pericles Panagopoulos, founder of companies that made a mark on passenger and dry bulk shipping, died in Athens early this morning. "It is with great sadness that we announce the loss of our chairman, Pericles S Panagopoulos, who passed away today," his company Magna Marine said in a statement. He was 83 years old. The Athens-born entrepreneur studied business and economics in Greece, Switzerlan
Sea Shepherd ship attacked with rocks, molotov cocktails Conservation group Sea Shepherd has revealed details of a violent attack on one of its ships by poachers in the Gulf of California off Mexico. The society said its 168-gt former US Coast Guard cutter Farley Mowat was target by more than 50 assailants "posing as fishermen on board 20 high-speed boats while conducting maritime conservation patrols inside the Vaquita Refuge." Crane crashes
Dof fixes PSV at eye-catching rate as recovery continues Green shoots just keep coming in the North Sea market
Zodiac Maritime sells tanker pair to Pakistan National Shipping Corp Deal priced at around $60m and continues an active period for the shipowner.
Philippines: HHI 'interested' in Hanjin Subic takeover Hyundai Heavy Industries is the latest shipbuilder to be linked to a takeover of Hanjin Heavy Industries & Construction's Philippines yard, which is under court rehabilitation. Philippines defence secretary Delfin Lorenzana told reporters: "Lately, I also heard that Hyundai of Korea is also interested," according to the Business Mirror. He said companies from the US, Japan, South Korea, Indonesi
Marubeni sells out of LPG with $22m double deal Japanese trading house Marubeni is reported to have sold out of the small LPG carrier market. S&P surge aids buzz around pressurized LPG space Brokers believe the company has disposed of the 3,800-cbm Crimson Gas2 and Crimson Gas3 (both built 2012). A price of $11m each, or slightly less, is said to have been paid for the ships. LPG market sources say the transaction comes at a time when very
VEB lines up $152m financing for SCF tankers Russian lender VEB Group is to finance the construction of three more tankers for Sovcomflot (SCF Group), according to Prime Minister Dmitry Medvedev. He told a meeting of the supervisory board of the state-run development corporation that the ships will carry light oil products and gas condensate. VEB-Leasing last year approved deals to finance two aframaxes for the owner at the new Zvezda Ship
Eastern Navigation snaps up bargain Toisa quartet Singapore's Eastern Navigation has boosted its fleet with the acquisition of four offshore support vessels from Greece's bankrupt Toisa group. The company told TradeWinds it had closed on the final vessel in the enbloc deal this week. A1 Offshore linked to Toisa PSV purchase James Fisher linked to $20m Toisa OSV Brokers said Eastern has paid $6m per ship for a total of $24m, as opposed to valu
Reports of Pappas product tanker sale puzzle market Reports of a tanker sale by Petros Pappas-led Product Shipping & Trading have shipbrokers scratching their heads. Greeks emerge as net buyers in sale-and-purchase transactions The private Pappas company is reported to have parted with the 51,500-dwt Jane (built 2008). Some have simply dismissed the reports as inaccurate, noting the ship is one of the newest in the company's fleet. Others guide
Greeks emerge as net buyers in sale-and-purchase transactions Hellenic asset-play focused on tankers and boxships in 2018 as overall pace in the S&P market slowed
Britannia P&I stands alone in diversification debate The annual International P&I Conference in Piraeus prides itself on being the only event that attracts attendees and speakers from 11 of the 13 members of the International Group of P&I Clubs. The latest to join the annual get-together was Britannia P&I, which has been upping its game in the Greek market and made its debut through local representative David Harley. Gard likely recipient as Maers
P&I clubs may face greater exposure in wake of IMO 2020 Piraeus conference tackles questions over liability, fines and casualty claims following emissions regulations
Siem replaces Flensburger yard boss after delays Flensburger managing director Rudiger Fuchs has been replaced after delays at the German shipbuilder. The company said its owner, Siem Industries, has brought in one of its executives Alexander Gregg-Smith, who was in charge at the yard for six months in 2016, according to the NDR website. Brittany Ferries' new LNG ro-pax delayed at FSG Yard suspects sabotage on ferry newbuild Fuchs had been t
Delphis pulls the plug on Team Lines Delphis-owned Hamburg feeder operator Team Lines is being wound down. It will cease trading on 11 February, it said in a letter to customers signed by Delphis' Alexander Saverys and Team managing director Benjamin Weinacht. They blamed deteriorating market conditions in northern Europe in recent years as well as ongoing consolidation for making a continuation of the business "unsustainable". De
Icebreaker to simulate conditions in space Ships often live on as floating restaurants or attractions after their working lives are over. This was the case for the 11,800-gt Japanese icebreaker Shirase (built 1983), but now the vessel is set for a unique second retirement. Jeff Bezos company confirms Stena ro-ro swoop The Asahi Shimbun newspaper reported that the ship - decommissioned in 2008 - is to be used to simulate conditions in sp
Klaveness Marine takes stake in third Knutsen OAS LNG carrier Norwegian owner invests in mini-gas carrier saying it believes in this type of long-term contract.
Vale says Brazil court action threatens 30 million tonnes of iron ore output Mining giant says legal move could crimp nearly 9% of the company's annual production.
Norvic Shipping appoints Urs Dur as new CFO Finance veteran latest to join Canadian bulker owner as it continues management shake-up.
Overland gains traction on Asia-Europe trade Moving cargo on the trade by rail and truck is becoming an increasingly feasible option.
Panalpina rejects acquisition bid by DSV Swiss foundation owning 46 percent of Panalpina does not support offer from Denmark's DSV.
DeFazio urges near-term passage of infrastructure bill House Transportation Committee Chairman Peter DeFazio highlighted the Harbor Maintenance Trust Fund and gas tax as critical issues that must be addressed.
Port of Vancouver cancels permit for coal export terminal The port authority says the project proposed by Fraser Surrey Docks failed to show substantial progress on construction had been made by Nov. 30, one of 83 conditions.
CSX exec: Inland ports better supply chain efficiency The Class I railroad says it has seen an increase in efficiency and improvement in quality of customer service since implementing scheduled railroading.
Lawmakers: Mexican tomato export practices unfair Letter to Commerce Secretary Wilbur Ross calls for end to agreement suspending antidumping investigation.
Seattle terminal $300 million upgrade recommended Northwest Seaport Alliance may lease to Stevedoring Services of America and MSC's Terminal International Ltd.
Georgia Ports Authority unveils big berth/big ship plan
Vanterm vessel operations expected to resume this week
Hapag-Lloyd to retrofit 15,000-TEU ship for LNG
Nominations sought for ag trade advisory committees
Mandatory TFTEA drawback set for Feb. 24
Executive Moves: TIA, Echo and Scoular
Freight tracker FourKites nets $50 million in funding
US EIA chief sees modest price impact from Venezuelan oil sanctions so far US sanctions on Venezuela's oil sector have so far had modest global price impacts as crude production and refinery flows in the US and elsewhere adjust to the supply disruption.
US crude terminal LOOP sells 56% of LOOP Sour storage contracts at auction The Louisiana Offshore Oil Port sold more than half of the 7,200 capacity allocation contracts it offered in its Tuesday auction of storage space for crude in cavern at its terminal, equal to more than 4 million barrels of LOOP Sour, auction co-host Matrix Markets said.
Eastern Canadian light, heavy crudes benefit from strong US demand in 2019 US imports of both light and heavy Eastern Canadian crude rose sharply in January compared with the same month a year ago, custom records showed Tuesday.
Rosneft sees its Venezuelan output stable, views crisis as temporary Rosneft does not expect crude production at its joint projects with state owned PDVSA in the Latin American country to drop in 2019.
ICE sets launch of delayed 0.5% sulfur marine fuel futures for Feb 19 Intercontinental Exchange said Tuesday that its new 0.5% sulfur marine fuel futures contracts, delayed due to the US government shutdown at the beginning of the year, will now launch February 19.
Barge congestion at Piraeus boosts bunker fuel prices: sources Barge congestion at the Greek port of Piraeus was supporting 380 CST bunker fuel prices, sources said Tuesday.
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