Tidewater reports increased revenue Offshore services giant Tidewater Inc. (NYSE:TDW) today reported revenue for the three-months ended March 31, 2019, of $122.1 million and a net loss for the same period of $21.7 million (or $0.58
George Toma joins Furuno USA Camas, Wash., based Furuno USA has hired a new commercial business development manager. Based in Houston, Texas, George Toma will play a key role in establishing and developing business relationships with commercial
Danish seafarers will be able to access their certificates on their smart phones The Danish Maritime Authority is preparing to launch digital certificates for seafarers. Development is underway, and an initial test voyage will begin later this month. Digital certificates are expected to make things
DeFazio bill would unlock billions for port and harbor maintenance Chairman of the House Committee on Transportation and Infrastructure Peter DeFazio (D-Ore.) has introduced H.R. 440, the "Full Utilization of the Harbor Maintenance Trust Fund Act," which would unlock billions in already-collected
Lightweight GE LM 2500 module passes shock testing GE Marine reports that its lightweight LM2500 composite gas turbine module and updated components are now fully certified by the U.S. Navy after receiving MIL-S-901D shock qualification. Navy approval was obtained after
Pollution and lying bring $4 million fine, four years probation Two Marousi, Greece, based companies - Avin International and Nicos I.V. Special Maritime Enterprises - will pay a $4 million fine and serve a four-year term of probation on charges relating to
Multi-pronged approach needed to solve hazardous cargoes problem From dedicated dangerous goods vessels to paying more to ensure safety, there needs to be a greater acceptance from society...
Singamas to sell dry box business to Cosco Shipping China-based box maker is to sell the majority of its assets to the state giant for about $565m, a 4.4%...
Chinese shipping stocks crash amid Trump tariff threat Analyst says shipping lines will need to be more cautious on how they handle vessel capacity going forward
Daily Briefing Is Qatar biting off more than its LNG sector can chew? | UK may extend emissions control area | Lloyd's...
Total aims for LNG big league with bid for Anadarko assets Total will rank fourth in LNG sales after Qatargas, Shell and Petronas once it completes the acquisition of Anadarko's African...
Mitsubishi mulls $1.4 bn lifeline for Chiyoda Chiyoda said in a statement that discussions are still ongoing with stakeholders on a financial strengthening plan
PSA International to take over Halterm Container Terminal The terminal has direct connections on CN Rail service and is able to serve both coasts in Canada as well...
Hong Kong flag to open offices in London, Shanghai, Singapore The London desk will also take on the important strategic role of enhancing Hong Kong's presence in the International Maritime...
Move to unlock billions of dollars for US harbour maintenance With the opening of the expanded Panama Canal, larger container ships will increasingly call on US ports, and dredging needs...
Plaquemines LNG moves one step closer to FID Plaquemines LNG is expected to receive export approval from the US Department of Energy in late 2019
Port of Oakland sets date for terminal stadium vote Commissioners are scheduled to vote on the proposal on May 13, but port officials downplayed the significance of the outcome...
Fire incident on board VOS Primrose at ST Engg yard The platform supply vessel was reportedly being modified for a contract in the Middle East
Discriminating against veteran tankers flies in the face of facts Oil companies are undermining progress when its comes spills and sustainability by snubbing vessels over 15-years old
Nissen Kaiun orders VLGC at Hyundai Heavy Industries for Eneos charter Deal with Japan's largest oil company backs contract for gas carrier newbuilding
Tidewater benefits from Gulfmark merger Revenue up 33% since acquiring Gulfmark Offshore in November for $1.25bn.
Singamas offloads equity to focus on specialised boxes Hong Kong-listed container manufacturer sells interests in five other box makers.
Avin International sentenced in $4m oil discharge case A US court has sentenced Greece's Avin International and a shipowning affiliate to pay a total of $4m in penalties, according to the US Department of Justice. The fines, plus a four-year probation, came after the Vardinoyiannis Group company and one-ship owner Nicos IV Special Maritime Enterprises pleaded guilty in November to obstruction of an agency proceeding, failure to report a discharge of
CH Offshore narrows loss Dr Benety Chang-led owner sees higher revenue, partly thanks to two new rigs.
Shipping veteran Ulrich Ulrichs clocks on at heavy-lift giant BBC Chartering BBC Chartering has hired German shipping veteran Ulrich Ulrichs as its new chief commercial officer. Ulrichs steps down at Zeamarine Bertram Rickmers targets 40 ships in feeder segment Ulrichs is best known for his time at Rickmers and was chief executive of Rickmers Line before it was taken over by the fast-growing Zeaborn group. He left Zeaborn last October of his own accord to seek new chal
Knutsen NYK Offshore Tankers takes another writedown on overbudget conversion vessel Norwegian company reveals yet another writedown - this time of $29.1m - on the delayed shuttle tanker conversion unit Hanne Knutsen
US revives dormant Iran case against broker Mid-Ship Group New York's Mid-Ship Group says it will not 'fight City Hall' in revived Iran sanctions case
Global Ship Lease continues chartering streak Ian Webber-led boxship owner fixes five ships over past three weeks.
Eagle Bulk soars, Star Bulk plummets in Wells ratings Michael Webber's annual corporate governance scorecard sees same names at top and bottom, but some owners get smacked for how they conducted M&A activity.
Clipper Bulk axes 40 jobs as part of recapitalisation and strategy shift Clipper Bulk is cutting 40 of its 140 shore-staff and closing its Tokyo office as part of a major overhaul which sees fresh capital injected into the business. The Jensen family will retain control following the process, but the company will focus on operating rather than fully-owning tonnage. Clipper and V.Group in bulker management deal Peter Norborg, chief executive of Clipper Bulk, says the
Vroon PSV damaged in Singapore fire Fire damage to a Vroon platform supply vessel (PSV) could be substantial after a blaze in Singapore. The incident occurred in the engine room of the 3,800-dwt VOS Primrose (built 2016) at an ST Engineering yard over the weekend, the Dutch shipping company told TradeWinds. "There have been no personal injuries nor has there been any pollution (other than the smoke)," it added. "It took more than
Turkey widens scope of arrests for ship claims Turkey has broadened the scope of its ship arrest regime through adopting the International Convention on Arrest of Ships. The 1999 convention was ratified in 2017, but has now passed into law following a presidential decree this month. ForestWave ship seized after alleged default Arrested tanker left on the shelf at auction Kemal Guclu Erdogan, an associate at law firm Ersoy Bilgehan, said mo
Supplier to appeal ruling in OW Bunker vs Cosco lawsuit Russian fuel supplier Big Port Service is appealing a US court decision in what could be the final battle over China Cosco Shipping's exposure to the 2014 OW Bunker collapse. Big Port's attorney, Peter Skoufalos of law firm Brown Gavalas & Fromm, notified the federal court for the Southern District of New York of the appeal last week. He is asking the Second Circuit appeals court to overturn a
How a revival in Jones Act tanker spot rates may not live up to the hype Rates for Jones Act tankers and ATBs are on the upswing, but levels may not live up to expectations
Work halted at Samsung after crane death Samsung Heavy Industries has been ordered to stop operations at its Geoje plant in South Korea after a fatal crane accident. Samsung operations suspended again after fire Samsung ordered to halt Geoje operations The Korea Times cited the ministry of employment and labour as saying a 58-year-old worker was killed on Saturday when a 1.5 ton steel beam fell from a crane and hit him. The incident
Win More loses court bid over detained tanker Hong Kong owner Win More Shipping has failed in a court bid to enlist help to free a tanker detained in South Korea for alleged violations of North Korean sanctions. Bureau Veritas dragged into Lighthouse Winmore row The owner had asked the territory's high court to order the Hong Kong ship register to help release the 16,500-tonne carrier Lighthouse Winmore (built 1975). But the court said the
TNG CEO Karavanic confirmed in role for another four years Croatian MR tanker owner Tankerska Next Generation (TNG) has awarded CEO John Karavanic a new four-year term. TNG expects better MR rates from IMO 2020 The Tankerska Plovidba spin-off said the contract was confirmed by its supervisory board. It will run from 1 July. Last month, TNG posted a fourth-quarter net loss of $1.64m, against a profit of $1.08m in 2017. Revenue rose to $11.89m, from $1
Liquidator appointed for ABG Shipyard Sundaresh Bhat has been appointed liquidator of ABG Shipyard as its end nears. The yard announced the move six days after confirming that India's National Company Law Tribunal (NCLT) had ordered its liquidation. A last-minute plea to avoid winding-up by bidder Liberty House failed, the Economic Times reported. ABG's bankruptcy restructuring was approved by NCLT in 2017. Lender ICICI, which a
Toisa OSV quartet auctioned at lower prices Four OSVs from the fleet of bankrupt Greek group Toisa have been sold at lower prices than previously thought. Seabrokers said the latest court-led auctions have seen three platform supply vessels (PSVs) and an anchor-handler (AHTS) go to three separate buyers. Subsea 7 confirms Toisa DSV purchase They were previously said to be part of a six-ship acquisition from the Toisa fleet carried out by
Small group of nations dominate sale and purchase market, Clarksons data shows A core group of shipowners from just eight nations account for over 80% of tonnage sold during the past half a decade, according to data from Clarksons. Tanker spike keeps S&P at near record levels Greek newbuilding spend spikes as LNG rush helps ease pressure on yards Tanker scrapping hits highest level in over 30 years The world's largest shipbroker says over 7,000 vessels have changed han
Bulker sale pushes Navios Partners into the red Greece's Navios Maritime Partners (NMM) has slumped to a loss for the first quarter after selling an older bulker. The New York-listed bulker and boxship company said the net deficit to 31 March was $9.52m, from a profit of $5.47m a year ago. It was hit by a $7.3m impairment from disposing of the 74,000-dwt Navios Galaxy I (built 2001). TradeWinds had earlier reported the vessel was sold to a C
Wartsila wins US approval for second BWMS Finnish technology group Wartsila has become the first company to win US coast guard (USCG) approval for a second ballast water management system (BWMS). Its Aquarius UV kit has been granted approval, following earlier clearance for the Wartsila Aquarius EC system. "Wartsila's dual technology offering provides the broadest range of BWMS solutions for fleet wide regulatory compliance," said Craig
Two killed as wave hits ship gangway Two people have been killed after a wave hit a cargoship gangway in Colombia. The men were named as Aung Myo Thet and Colombian Nicolas Carbono, Blu Radio reported. The accident happened on Saturday night in the port of Santa Marta. Authorities said they were boarding the unnamed vessel docked at pier 7. They were swept from the gangway and suffered injuries as they fell.
Greek cargoship breaks moorings in storm A Greek cargoship has suffered no damage after breaking its moorings in a storm. Footage showed the 3,200-dwt Syros Wind (built 1987) being forced from the shore at Serifos island, Greece, on Sunday. The Prototherma website said the vessel had been hit by a strong gust. Crew battled for more than an hour to bring it back under control. The vessel is listed as operated by Thetis Shiphol
Trump tweets a "negotiating tactic", says Banchero Costa But Sunday's social media outburst could indicate that trade negotiations may not be going well as hoped.
Yantian Express to head to Halifax to discharge cargo Long running saga surrounding fire-hit Hapag Lloyd containership nearing its conclusion.
Trump threats to raise China tariffs 'negative across the board' for shipping Donald Trump has ratcheted up his trade war with China threatening to raise some existing tariffs and introduce additional charges on Chinese goods. The shift is a worrying development for shipowners, who had been hopeful of an easing of Trump's trade war with China, and crashed stocks in major Asian shipowners on Monday. Analysts at Clarksons Platou Securities say an escalation of the trade wa
Bids for Sri Lanka's maiden FSRU delayed yet again No reason given for latest submission postponement which has been put back several times already.
Trump tweets plan to raise China tariffs Tariffs across $200 billion worth of goods in yearly import value will be raised from 10 percent to 25 percent on Friday, the president tweeted on Sunday.
Toll to negotiate with Port of Los Angeles for warehouse Toll Global Forwarding has been selected by the Port of Los Angeles to negotiate a lease for a prime warehousing location currently used by NFI's Cal Cartage unit.
Ways and Means letter lists USMCA pharma concerns The House committee on Friday sent its latest in a round of letters to U.S. Trade Representative Robert Lighthizer outlining concerns with the U.S.-Mexico-Canada Agreement.
J.B. Hunt announces trailer pool, drop-and-hook service
Port of New York and New Jersey sets March, Q1 records
0.5% MARINE FUEL: Emerging market strengthens in anticipation of demand Premiums for 0.5% sulfur marine fuel over the respective high sulfur fuel oil market in April hit record-highs
Port State Control to raise onboard fuel sampling, checks for IMO 2020: Gard In order to prepare for PSC inspection, ship-owners need to ready both their fleets and crews.
Trump threatens to raise tariffs on Chinese goods to 25% "[W]e would reiterate that US energy companies could continue to face first-order risk from escalating tariffs and countermeasures," ClearView said.
FUTURES: Crude oil slumps after US tariff threats on China Trump, in tweets Sunday afternoon, complained the trade deal talks were going "too slowly," as China attempted to negotiate.
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