Fincantieri Marinette to get $31 million in state grants Fincantieri Marinette Marine is to receive grants totaling $31 million from the State of Wisconsin for workforce development and shipyard upgrades. The funding was part of Wisconsin's recently signed two-year budget and
BMT to design new Kitsap Transit fast ferries Teddington, U.K., headquartered BMT has announced the signing of a contract for two new 43 meter (104' x 37'' x 12.5') high-speed, passenger Fast Ferries for Kitsap Transit, with an option for
Iran infuriated by seizure of tanker off Gibraltar The seizure of a 300,00 dwt tanker by Gibraltar authorities early yesterday has provoked angry responses from Iran - and has also ruffled a few diplomatic feathers in Spain. Iran's FARS news
USCG cracks down on illegal charter boat ops in Virginia water The Coast Guard has issued another reminder to the public that unlicensed vessel charters are both illegal and unsafe to the consumer. The Coast Guard is currently investigating and issuing violations to
Iranian tanker seizure could face legal challenge, say shipping lawyers 'I have seen speculation that this was a fuel oil cargo, rather than crude. If that is right and if...
UK launches maritime innovation hub Port of Tyne, Nissan, PD Ports and others collaborate to kick off the 2050 innovation hub
American Hellenic Hull signs up to UN agenda Fast-growing Cyprus-registered hull insurer is among the first specialist marine underwriters to embrace principles on sustainable development goals being pushed...
LNG sector turning to long-term vessel charters and offtake Charter rates and cargo prices in the spot market are nowhere near last year's highs, prompting a U-turn in favour of committing vessels and new...
Panamax bulkers benefit from strong start to South American grains season Ultramax bulkers are also expected to share some of the gains from the increased grains flows in the coming months
Containerships enacts Europe's first simultaneous bunkering operation Containerships vessel Containerships Nord has become the first boxship in any European port to load and discharge while undergoing ship-to-ship...
Libyan ports remain closed, Standard Club warns The Libyan ports of Sirte and Derna remain closed and vessels should avoid the surrounding areas, the Standard Club has...
Riseborough to retire after 40-year career in container shipping Closely involved in events that changed the course of container shipping in a career spanning 40 years, Rod Riseborough is...
More leading carriers add war risk charges Major box lines add emergency surcharges following attacks on tankers in Strait of Hormuz
Gibraltar extends detention period for seized tanker Gibraltar has been granted an application to extend the detention of the Grace 1 tanker for another 14 days. An...
Hong Kong port tug operator invests in new high-spec tugs Swire and Hutchison-owned Hongkong Salvage and Towage made the decision on the tugs two years ago as they try to...
EU told to end protectionist stance and back Hong Kong Convention Conference hears there is anger in the shipping community about the EU's ship recycling policies and that despite advances in...
Daily Briefing Gibraltar tanker seizure triggers Iran-UK diplomatic row | Shipping emissions data has to be reliable | Steamship Mutual defends 116% combined...
The Interview: Christian R Gonzalez The global corporate head of International Container Terminal Services Inc explains how the terminal operator intends to build a future...
Blacklisted Italian shipowner bankrupted by US sanctions now removed by Ofac PB Tankers said its vessels are ready to trade again but declined to provide further details on its bankruptcy, including...
Greek authorities find millions in drugs in shipping container Greek authorities have seized more than €500m ($561m) in amphetamines smuggled in containers shipped from Syria. According to Reuters, Greek law enforcement found 33 million pills of Captagon - a brand name of the drug fenethylline hydrochloride - weighing 5.25 tonnes in three containers. Authorities are reportedly investigating the possibility the pills were destined for China. Grimaldi ro-ro c
Coast Guard searches for crewmember overboard The US Coast Guard is searching for a Carnival crewmember who fell overboard Thursday. The agency said the 2,758-berth Carnival Victory (built 2000) notified watchstanders that a 37-year-old worker had fallen overboard 30 miles northwest of Cuba yesterday. The Coast Guard said it deployed a sentry plane and a cutter to conduct the search. The Victory regularly sails from Miami to locations in t
Ridgebury Tankers sells VLCC as price spike extends Bob Burke's Ridgebury Tankers is set to pocket a tidy profit from the sale of a VLCC bought only 18 months ago Ridgebury surprised the market with an eye-catching swoop for three tankers from DHT Holdings and one from Euronav in late 2017. Volatility and liquidity key to Burke's VL buys Ridgebury Tankers spree shows there is life in old VLCCs DHT Holdings sells trio of veteran VLCCs The compa
Singapore: no info on Malacca attack threat Singapore has said it has received no information on immediate threats to shipping in the Straits of Malacca following a warning from China this week. Neither has it received any intelligence on imminent attacks to Singapore-flagged vessels, port authority MPA said. On Wednesday, China's Ministry of Transport (MOT) alerted China-flagged ships transiting or bound for the Malacca Straits to an e
Golden Energy Offshore puts newbuild to work Norwegian owner secures AkerBP charter for new Chinese-built PSV
Maersk Line joins rivals in adding Middle East premium as tensions grow The world's largest container line has followed its peers in ratcheting up its prices for shipping boxes in the Middle East amid growing hostility in the area. Hapag-Lloyd latest to add war risk surcharge to Gulf boxes Maersk Line announced the additional fee of $42 per container just weeks after two tankers were attacked in the region, in an incident which captured global headlines. Rising cos
Gibraltar: no political pressure to detain VLCC Government says action taken solely on belief tanker had breached EU sanctions
DeepOcean to install Equinor boosting station in North Sea The billion-krone boosting station will increase production at the Vigdis field by almost 11 million barrels
Nick Fisher back in shipping with ADNOC Former Masterbulk boss takes deputy CEO job at oil company's shipping arm.
James Fisher and Sons names new chief executive After 15 years, Nick Henry is stepping down from the top job at the marine services firm
Newbuilding prices hint at reversal from two-year highs Newbuilding prices may be softening following a sluggish first half for the world's shipbuilders, according to a leading Greek shipbroker. It comes with each of the core markets seeing a sharp slowdown in newbuilding business in the opening six months of 2019 and what some believe is a record low in the second quarter. The past week has seen a spike in deals for new tankers at South Korean shipy
Cosco lines up scrubbers for 23 vessels Finnish supplier Valmet wins deal for 10 exhaust gas cleaners
Bondholders give MPC Containerships green light for scrubber retrofits The boxship owner can spend the sales and insurance proceeds from a boxship that ran aground last year
First US-produced ethane heads to China on Evergas ship Ship forges new trade route west out of the US exports as the country's volumes gear up
DSME finishes first half with just one third of 2019 order target reached DSME has closed the first half of 2019 with just one third of its full-year order target secured. Angelicoussis back at Daewoo for another LNG newbuild Politics, price and succession shape Hyundai Heavy and Daewoo mega-merger Daewoo Shipbuilding & Marine Engineering to sign off with second successive profit The South Korean shipbuilder, which is set to merge with rival Hyundai Heavy Industr
Polys Hajioannou expands private bulker fleet Greek-Cypriot owner acquires a 10-year old panamax, remaining loyal to Japanese-built tonnage
Ex-CSIC exec Sun Bo jailed for 12 years Chinese state media said sentence for bribery is "lenient"
Panama kicked Grace 1 off register in May Registry removed seized VLCC from its books after international alert
John Angelicoussis clears out vintage ships with second veteran sale this week Greek owner John Angelicoussis appears ready to clear out his vintage ore carriers. TradeWinds reported earlier this month that his company Maran Dry Management is to sell its oldest unit, the 246,000-dwt Zhongte (built 1989) for recycling. John Angelicoussis sells oldest bulk carrier for demolition Chinese yard group's CISC and CSSC reunite to create super giant after 20-year divorce Dry bul
NS United seeks sale of VLCC in latest deal to test tanker asset price progress Japanese shipowner NS United is marketing one of its two VLCCs for sale at a time when the spotlight is on the sector for further evidence of asset prices moving up. Ghassan Ghandour tipped to double his VLCC fleet with secondhand swoop Arne Fredly's Hunter Group poised to pocket highest VLCC resale price in half a decade Shell advances pioneering LNG-fuelled VLCC project A select group of pro
VLCC seizure sparks Iranian fury UK ambassador summoned as Gibraltar boarding branded 'illegal'
Crew rescued from grounded cargoship Chinese authorities have rescued all 13 crew from a grounded domestic cargo vessel. Xinhua cited the Donghai Rescue Bureau of the Ministry of Transport as saying the Rong Hai 79 issued a distress signal on Thursday afternoon off Nanri island in Fujian. A rescue ship and helicopter were sent to the scene. The vessel picked up the crew. A tug was due to head out to the stranded cargoship.
OneBulk partners in talks to boost fleet New alliance of Berling, Nordic Hamburg and Oskar Wehr optimistic its fleet will grow further this year
Hapag-Lloyd latest to add war risk surcharge to Gulf boxes German liner operator to implement vessel risk surcharge from the middle of July
More carriers implement war risk surcharges Container carriers implement charges on ships sailing through the Gulf of Oman and Persian Gulf.
Retailers: Keep automation decisions local The California Retailers Association opposes a bill to have the State Lands Commission approve port automation.
MSC plans general rate increase A $1,000 increase is announced for 40-foot containers moving from Asia to the U.S.
Maritime History Notes: The Cuban rail ferries The Florida East Coast Railroad's ships ran a regular and profitable service from 1915 to 1940.
Engineer found guilty of illegal circuit exports to China
Fujairah Q2 bunker demand falls 16% on shipping tensions: sources Recent attacks have raised shipping security concerns and boosted insurance premiums for bunkering, sources said.
INTERVIEW: ExxonMobil announces low sulfur EMF.5 range; extends supply reach "We will continue to expand our presence ahead of the 2020 deadline," Volta said.
Singapore light distillate stocks slump as gasoline exports continue to rise Stocks of light distillates dropped by a sharp 6.6% on the week, totaling 11.428 million barrels in the week ended June 30, Enterprise Singapore data showed.
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