Nichols Brothers delivers hybrid tractor tug to Baydelta Nichols Brothers Boat Builders (NBBB) Freeland, Wash., reports that it successfully trialed and delivered Baydelta Maritime's new 100' x 40' Delta class hybrid tractor tug Delta Teresa, April 16, The vessel is
VIDEO: Maid of the Mist orders first all-electric passenger boats to be built in U.S. New York Governor Andrew M. Cuomo announced today that Maid of the Mist, which has been navigating the waters of the Lower Niagara River since 1846, is preparing to launch the first
Scientology measles ship heads for Curaçao A 440 ft cruise ship operated by the Church of Scientology as a floating religious retreat has left the Caribbean Island of St. Lucia and is headed for Curaçao, reports the BBC.
Singapore carries out first ship-to-ship LNG bunkering Singapore continues to take steps to ensure that it keeps its place as the world's largest bunkering port, whatever fuel shipowners choose - including LNG. Pavilion Energy, a wholly owned subsidiary of
"Blame culture" seen as a factor in enclosed spaces deaths Seafarers and dock workers are still meeting their deaths while working in enclosed spaces because there is not enough understanding throughout the shipping industry of the risks faced by today's seafarers. Dangerous
New London's State Pier will play key offshore wind role Connecticut Governor Ned Lamont yesterday announced an agreement on a harbor development plan that will see State Pier in New London play a key role in New England's developing offshore wind industry.
Medium range tankers enjoy firm demand outlook Demand for medium range tankers appears to be rising and we may see more periods of tight tonnage for long...
UN ocean chief warns shipping should aim for GHG emissions eradication by 2050 UN Special Envoy for the Ocean Peter Thomson explains why shipping has to decarbonise fully by 2050
Is Qatar biting off more than its LNG sector can chew? One analyst estimates Qatar may need 75 newbuild LNGCs, almost matching up to 80 vessels its national oil company sought, but deliveries...
The Lloyd's List Podcast: Time for shipping to engage in ocean sustainability Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
UK considering national emissions control area extension The UK government has been in talks with Ireland and others about a potential new 0.1% sulphur limit
The Interview: Ye Cheng Ye Cheng views his company as 'exemplary' in carrying out Beijing's Belt and Road aspirations. He says patriotism is a...
Ocean freight contract rates fall on all major lanes Overcapacity on the Asia-Europe trade and continuing concern over China-US tariffs behind slump in rates
From the News Desk: IMO MEPC 74 isn't the only show in town Meanwhile, US President Donald Trump says he won't be suspending Jones Act requirements for ships carrying LNG to Puerto Rico;...
Is there a doctor on board? According to the European Maritime Safety Agency, as much as €1bn per year is spent on ship deviations for medical...
Maersk invests in digital freight forwarder Hamburg and Berlin-based company offers sea, air and rail freight transport built on digitised processes including booking, communication, data exchange...
GIC buys 10% stake in MSC's terminal operating unit Temasek Holdings, Singapore's other sovereign fund, fully owns local port operator PSA, while GIP. which is selling a 10% stake...
Oakland fights to hold back rising tide A report called the San Francisco Bay Shoreline Adaptation Atlas suggests mitigating rising sea levels in the Bay Area by...
Daily Briefing We'll maintain autonomy from BW, says Epic Gas chief | Shipping has a range of autonomous solutions | V.Group and...
Samsung Heavy wins another LNG carrier order SHI has won orders for eight LNG carriers and one floating production, storage and offloading vessel this year
DSME sells ex-Vantage drill ship for $350m The sale comes as the John Fredriksen-controlled unit is pursuing opportunistic acquisitions in the sector as market sentiment improves
Sembcorp Marine hurt by slow activity in offshore sector After a lacklustre first quarter set of results for Sembcorp Marine, the outlook for the future is not much brighter, with...
SAAM improves quarterly results Chilean provider of port terminals, logistics and towage services benefits from new operating model set in 2018.
Algoma orders new bulker, posts first quarter loss Algoma Central has cut a deal with Jangzijiang Shipyard for a new bulker. The Toronto-traded bulker and tanker owner disclosed in its first-quarter earnings Friday that it exercised a $38m (CAD $50.9m) option with the Chinese shipbuilder to construct a seaway max bulker, due for delivery in 2021. Algoma Central to pursue buyback and cancel plan The company said it made the move prior to the fir
Danaos and EnTrust secure $150m sale-and-leaseback deal for pair of containerships US-listed owner refinances Hyundai Respect and Hyundai Honour to Svein Engh-linked investment firm 'to repay the credit facilities secured by mortgages' on the vessels
GasLog finishes first quarter as expected GasLog ended the first quarter roughly where Wall Street thought it would. The New York-traded LPG player posted an adjusted profit of $28.1m for the first three months of 2019, a slight improvement from the $25.3m posted a year ago and good for an earnings per share of $0.11. GasLog secures 12-year newbuild charter with JERA GasLog newbuilding secures long-term charter with Endesa but will tra
Polys Haji-Ioannou closes the net on Nobu Su's mother Su's 85-year-old mother can now be sued for damages, a court has found, following his failure to pay a $57m judgment debt dating back to 2014
OSM opens up in Cyprus with tankers and bulkers Norway's OSM Ship Management is targeting expansion in the Middle East and Mediterranean with a new Cypriot base. It said that it now makes sense to offer full shipmanagement there - including technical management - as it has seen its client base grow on the island. OSM founder, chairman and chief executive Bjorn Tore Larsen said: "We have full ship management out of offices in Norway, Singapore
ING loan provisions jump to $231m Dutch shipping lender ING has logged a big increase in loan loss provisions in the first quarter. Spliethoff seals EUR 110m loan for scrubbers and BWMS Additions to provisions were EUR 207m ($231m) to 31 March, from EUR 85m in the same period of 2018. These provisions are across the whole group and not specifically shipping. The ratio of loans at the highest level of risk, stage three, was sta
Ostergaard-Nielsen beefs up security after death threats Danish shipowner Torben Ostergaard-Nielsen has received death threats over news reports linking his Dan-Bunkering to deliveries of jet fuel to Syria. The tycoon, who also owns Uni-Tankers through his USTC Group, told local media he now has security personnel at his house. Dan-Bunkering denies Syria sanctions breach "I have guards around my residence, I can't drive in my own cars, and I have to
B Gas charters pair of LPG carriers purchased by Bergshav B Gas is renewing its fleet by taking two LPG carriers on long-term bareboat charter from Bergshav, the Denmark-based company's majority shareholder. Bergshav hunts aframax tankers as profit doubles Hannevik's son follows in his father's footsteps at Bergshav B Gas chief executive Kim Kristensen confirmed that Norway's Bergshav has bought the 3,000-cbm Marte and Venere (both built 2004) from D
Minerva Marine goes to Daehan Shipbuilding for $200m aframax tanker deal Greece's largest aframax owner is ordering up to four non-scrubber tankers in South Korea
Ostergaard-Nielsen takes back sole control of Uni-Tankers Denmark's Uni-Tankers is eyeing a new future after the exit of Danske Bank as co-owner. The tanker company is now once again solely controlled by Torben Ostergaard-Nielsen's bunkering giant USTC Group. It has a new CEO and financing in place as it aims to raise efficiency. Uni-Tankers sees challenges and opportunities from IMO 2020 USTC distances itself from court case Uni-Tankers has a fleet
InterManager slams blame culture over enclosed space deaths A "blame culture" is exacerbating the problem of seafarer deaths in enclosed spaces, according to shipmanagement association InterManager. Dangerous time frames are being imposed for hazardous tasks and safety improvements do not happen because investigations encourage this culture, it said. The association has carried out a survey of operators, managers and crew from almost 250 ships over the l
Bulkers and boxships driving SITC revenue growth Hong Kong container line and bulker owner SITC International Holdings has posted higher revenue for the first quarter ended 31 March. Revenue from boxships and logistics was up by 11.5% to $354.5m. Container shipping volumes amounted to 563,357 teu, representing an increase of 8%. Average freight rates from container shipping and supporting logistics businesses, excluding slot-exchange fee inco
OSVs to rack up growth of 89% by 2023 The OSV industry is heading for better times in the next few years, according to a new report by ResearchAndMarkets (RAM). It said the offshore ship sector will log a compound annual growth rate (CAGR) of more than 89% by 2023. Subsea 7 confirms Toisa DSV purchase Rates have been recovering this year after a slump, particularly for platform supply vessels (PSVs). The rise in deepwater and ultr
Seismic shake-up as TGS takes over Spectrum Norwegian seismic survey vessel charterer TGS-NOPEC Geophysical is buying the owner of the world's largest 2D data library. It has backing from shareholders owning 34% of Oslo-listed company Spectrum, it said. The deal will cement TGS' position as a leading provider of multi-client 2D and 3D seismic data, and realise its ambition of growing exposure towards the South Atlantic. TGS estimates sig
DNB shipping book shrinks by $1.2bn Norwegian lender DNB has seen its shipping loan portfolio reduced by NOK 10.52bn ($1.2bn) over the last year. At the end of the first quarter, the gross carrying amount of the book was NOK 52.86m, against NOK 63.38bn at 31 March, 2018. The reduction was described to TradeWinds as "a wanted development" by a DNB spokesperson. Of these loans, NOK 394bn were classed as at the highest level of risk
Samsung makes it LNG order number eight for 2019 Latest gas carrier order takes South Korean shipbuilder's year-to-date tally to $2.6bn
Singapore government buys stake in MSC terminal arm GIC says TIL offers 'attractive growth potential' from its pipeline of existing and new facilities
Torm LR2 emerges as target of Venezuela boarding Danish shipowner's Singapore-flagged tanker said to have been boarded by six robbers.
Sembcorp Marine makes weaker start to 2019 Group says competition remains intense, and production activity is expected to remain low.
Preference shift impacts finished vehicle logistics Increased visibility throughout the supply chain could help improve the length of haul from the OEM to the dealership, speakers said Tuesday at the JAXPORT conference.
Longshoremen and employers oppose Texas legislation Bills in state legislature to limit containerships calling Houston could "crush" economic growth, say International Longshoremen's Association and USMX.
Bill introduced for full utilization of harbor fund H.R. 2396 would unlock the HMTF's existing $9.3 billion balance and enable the expenditure of about $34 billion over the next decade.
'Preparations' begin for Section 301 exclusion process U.S. Trade Representative Robert Lighthizer made the statement about the third tranche of tariffs in response to questions after a Ways and Means hearing.
Port of Oakland to hold vote on ballpark Port commissioners will decide whether to give the Oakland Athletics four years to complete studies and agreements for proposed baseball stadium that industry opposes.
Truckload's sharp turn fuels shipper opportunities Coyote Logistics Chief Strategy Officer Chris Pickett says shippers can benefit from the sharp drop in spot rates and believes the market still has yet to hit bottom.
CBP to use analytics to strengthen trade enforcement
Connecticut marine terminal to be wind energy hub
Rodriguez receives Captain of Industry Award
Dupré paying out about $1 million in driver bonuses
McConnell attempts to fill Ex-Im Bank's empty suit
OMV warns of European margin hit over Druzhba outage European refining margins are set to suffer over the coming weeks from rising costs for Russian Urals crude.
Large Med 0.5% marine fuel cargo sold as IMO 2020 rules approach: traders It's a sign that bigger clips of low sulfur bunkers are beginning to sell ahead of IMO 2020.
Expiry of Iran waivers raises bullish expectations for European HSFO Market participants were left with a bullish outlook for the European high sulfur fuel oil market.
Tight Hamburg pushes bunker premium to Rotterdam HSFO barges to month high Tight supply of high sulfur bunker fuel Hamburg has pushed up its premium over FOB Rotterdam.
Many ports support open loop scrubbers use in their waters despite ban by some: CSA 2020 "It appears that some ports are revoking their earlier decisions to restrict open-loop scrubber," Fee said.
India's east coast refineries, ports brace for severe cyclone Fani "We are closely monitoring the situation," an IOC official told S&P Global Platts.
Shell to ship first cargo of LNG from Australia's Prelude in Q2: CFO "We expect to ship our first cargo of LNG in Q2 this year," Uhl said.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
