Equinor evacuates 276 from North Sea platform A Faroe Islands flagged PSV slammed into Equinor's Statfjord A platform in the North Sea earlier today during loading operations. According to Equinor, the incident occurred at 1.55 a.m. local time today
Limpet mines used in tanker attacks The Permanent Representatives to the United Nations of the United Arab Emirates, Norway, and Saudi Arabia yesterday briefed members of the United Nations Security Council on the preliminary findings of the investigation
Second modern riverboat nears completion American Cruise Lines reports that, at 5:00 a.m. this morning, its second new modern riverboat, American Harmony, moved under its own power to the shipyard's outfitting pier for final touches. American Harmony
Paddy Rodgers has a new, and prestigious, job Those who wondered what Paddy Rodgers would do following his decision to step down as CEO of tanker giant Euronav need wonder no longer. From being in charge of an operation with
ABB to convert Italian ferry to hybrid operation Italian ferry operator Gestione Navigazione Laghi has selected ABB to convert its 1965-built ferry San Cristoforo for hybrid operation by fitting it with an electric power and propulsion system. The conversion will
MAN Cryo wins well boat system contract MAN Cryo - MAN Energy Solutions' marine LNG fuel-gas-system manufacturer - is to supply an LNG fuel-gas supply system for a live-fish carrier, or well boat, ordered by Nordlaks, one of Norway's
Remote machinery operation comes a step nearer We've heard a lot lately about remote maneuvering and docking of vessels, but less about remote machinery operation. However, there's been progress on that front, too, Classification society DNV GL, automation systems
Eastern Shipbuilding delivers Ava M. McAllister Eastern Shipbuilding Group, Inc. recently delivered the escort/rescue Z-drive tug Ava M. McAllister to McAllister Towing, Inc. The tug is USCG Sub-M certified and is the third in a series of four
Tanker attack report highlights risks to Gulf tanker fleet The report found operatives pre-selected their targets, and there was a high degree of sophistication, with minute knowledge of the...
The Lloyd's List Podcast: Key takeaways from Nor-Shipping 2019 Listen to the latest edition of Lloyd's List's weekly podcast - Live from Nor-Shipping 2019
Reducing GHG should be tailored to shipping's different sectors A notable aspect of decarbonisation for the industry was that it spelled the end of the one size fits all...
From the News Desk: Change is inevitable, but details are missing Highlights from the Lloyd's List News Desk this week include: Banks aligning lending to climate targets, decarbonisation requiring outside collaboration...
Capesize market shows signs of recovery The average weighted time charter on the Baltic Exchange has hit more than $15,000 per day for the first time...
Russian and Chinese seal pact on Arctic LNG venture Agreement signed at the St Petersburg International Economic Forum
Seadrill appoints new chief financial officer The company, which emerged from restructuring last year, reported a net loss of $296m in the first quarter of the...
APL makes switch to TraPac terminal Faster truck turnaround times cited as main driver behind moving to new facility
Africa would love to follow Norway's lead on a sustainable ocean policy, but the challenges are immense Would the Norwegian prime minister's message gain more traction if a government underpinned by fossil fuel wealth stopped telling the...
Kongsberg investing in youth for maritime's future Egil Haugsdal, president of Kongsberg Maritime, is looking to recruit talent from Norway's students; they are attracted by the company's...
Ship finance faces 'unsustainable paradox' Reduced shipping loan portfolios and regulatory pressures make for a difficult mix, according to DNB's shipping chief
Exmar fully commissions Tango FLNG The delivery of the cargo from the Vaca Muerta shale gas deposit marks Argentina's entry as an LNG exporter
Report to UN links 'state actor' to Fujairah tanker attack The attacks required intelligence capabilities for the deliberate selection of four oil tankers from almost 200 vessels of all types...
TEN eyes VLCC additions after strong first quarter Greek tanker owner returns to profitability for the first quarter of the year as rates increase
Carriers go head to head with logistics providers The renaissance of carrier logistics operations raises the question of whether customers will benefit
Carriers bet big on vertical integration Container lines are moving into the space formerly occupied by 3PLs in a fight to claim the customer for themselves
UK says Brexit will not dilute shipping ties with Greece All maritime countries have a duty to address the new technological and environmental challenges that would change the face of...
Daily Briefing Greeks bemoan 'chaotic' sulphur cap implementation | Japan looks to unmanned ships to offset labour shortage | K Line sails...
The Interview: Santiago Garcia-Milà IAPH president calls on ports to be less obsessed with physical throughput. Creating value for a port's surrounding economy in...
Navibulgar sued over tug-bulker crash A Kentucky marine towing company is suing in New Orleans federal court after a Bulgarian bulker allegedly ran into one of its tugs. Marquette Transportation Company Gulf-Inland is suing Navigation Maritime Bulgare, also known as Navibulgar for an undisclosed sum after the 3 January crash on the Mississippi River. There, the 29,800-dwt Strandja (built 2010) allegedly left its berth and headed dir
Sovcomflot, Gazprom Neft to work on LNG bunkering Sovcomflot and Gazprom Neft have agreed to work together on LNG fuel bunkering, the companies announced Friday afternoon. The two partially state-owned companies announced the deal at the St. Petersburg International Economic Forum - the same day Sovcomflot secured financing for three LNG-fueled MR tankers and announced an LNG carrier joint venture with Chinese Cosco Shipping. Sovcomflot taps VE
Damages skyrocket in runaway APT ship case Claims in the case of a runaway American Petroleum Tankers ship have reached $138.6m, according to papers filed in New Orleans federal court this week. The Kinder Morgan subsidiary is seeking to limit its liability to $109.2m after the 50,000-dwt American Liberty (built 2017) lost control on the Mississippi River in mid-May, damaging two ships, a barge, docks and an Archer Daniels Midland (ADM) g
Topouzoglou move to up stake in First Ship Lease Trust Efstathios Topouzoglou and a group of investors are looking to buy up First Ship Lease Trust's outstanding shares in a move that could end up seeing the company taken private. In regulatory filings Friday, Singapore-traded FSL Holdings - a firm controlled by Topouzoglou - announced it was offering $0.043 (SGD 0.0585) per share, a premium of roughly a third of its current trading price of $0.032,
Fredriksen's Flex LNG reveals NYSE listing date John Fredriksen's Flex LNG will officially list on the New York Stock Exchange on Monday 17 June. John Fredriksen's Flex LNG to list in New York in June Chief executive Oystein Kalleklev said the company "has the honour" of ringing the opening bell to mark what will a dual listing for Flex, which is also keeping its position on the Oslo Stock Exchange. The ticker on both exchanges will be FLNG.
Hamburg trio join forces to create 50-strong bulker fleet Hamburg-based shipping companies Bertling, Nordic Hamburg and Oskar Wehr are teaming up to form a new bulker operating company. OneBulk will start trading on 1 July from Hamburg and Singapore. FH Bertling locks panamax into period charter NRP takes two more Nordic Hamburg handysizes Each of the three owner-operated companies will combine their modern dry bulk fleets into the joint venture, giv
Nikolaos Vafias spending spree roars to $90m with swoop for Brightoil aframax Nikolaos Vafias has extended his investment in tonnage to almost $90m in less than two weeks with a swoop for a Brightoil Petroleum aframax tanker being auctioned in Singapore. Greek shipowner Diamantis Diamantides bags Brightoil VLCC auctioned in Hong Kong Blast from the past as Vafias plots further growth with 'seasoned' partner Greek shipowner Nikolaos Vafias goes on $63m shopping spree H
ITF and JNG warn over 'dockers clause' date Owners have been urged to make sure they are in compliance with new rules on cargo-handling operations in port. The Joint Negotiating Group (JNG) of maritime employers and the International Transport Workers Federation (ITF) have reminded industry players that an amended "dockers clause" in the Collective Bargaining Agreement (CBA) comes into force on 1 January. ITF and employers fail to reach p
Sovcomflot taps VEB for new LNG MR finance Russia's Sovcomflot has arranged more financing with domestic lender VEB.RF Group for new tankers. VEB Leasing will fund the construction of three LNG-fuelled MR ships at Russia's Zvezda Shipyard. Sovcomflot and Cosco agree Arctic LNG carrier joint venture The order was signed in December and VEB has been tipped since then as a finance option. Delivery of the 51,000-dwt tankers will be in 2022
Sovcomflot and Cosco agree Arctic LNG carrier joint venture Novatek and Silk Road Fund will also collaborate on opening up the Northern Sea Route.
MSC applies Venezuelan war risk surcharge Swiss boxship giant MSC has reacted to the turmoil in Venezuela with a new surcharge. The company said it has imposed a war risk premium, but did not specify the amount. The move was made due to the "ongoing political volatility" in the South American country. The charge has been made with immediate effect on cargo coming from worldwide destinations into Venezuela.
Aurora signs up second SunStone polar cruiser Australian expedition cruise operator believed to be behind SunStone's seventh Chinese order.
Sovcomflot's Sergey Frank to head new NSR committee Sovcomflot chief executive Sergey Frank has been appointed to head a key committee of the newly established Northern Sea Route (NSR) Public Council, which held its first meeting this week. Frank accepts award for Sovcomflot's first LNG tanker Frank is stepping up to head the Organisational Committee of the new council. Baltic meeting Representatives from companies and legislative bodies workin
National Bank of Greece picks up disposal pace Shipping lender National Bank of Greece (NBG) is accelerating its disposal of bad loans after cutting provisions in the first quarter. Non-performing exposure (NPE) was reduced by €1.1bn ($1.24bn) in the three months, driven mainly by sales of business loans. National Bank of Greece drops US obligations National Bank of Greece forces bulker sale "NPE coverage of 58% provides flexibility to pro
Korea P&I Club braced for flood of claims due to KMTC boxship blaze South Korean insurer expecting to be hit hard by its second major incident this year
CLdN confirms second ro-ro cancellation at Uljanik Belgium's CLdN Cobelfret has scrapped a deal for its remaining ro-ro newbuilding at Croatia's struggling Uljanik Group. Koncar in talks to revive Kuwaiti order at Uljanik It tore up a contract for the first 5,500-lane metre vessel in January. Bankruptcy proceedings were started against the yard last month. Uljanik said: "Due to the bankruptcy of Uljanik and subsequent inability to deliver the
First VLEC ships ethane into Europe A very large ethane carrier (VLEC) newbuilding has become the first vessel of this size to ship a cargo to Europe. Data intelligence company Kpler said Evergas' 83,757-cbm newbuilding JS Ineos Marlin discharged a cargo onto the smaller 27,566-cbm JS Ineos Innovation (built 2016) at Scapa Flow in the UK via a first ship-to-ship operation at the end of May. Ineos gears up for its first VLEC as kee
Safe Bulkers joins buy-back rush New York-listed Safe Bulkers has become the latest shipowner to authorise a share buy-back drive. The company said it would purchase up to 5 million of its owns shares. Price disconnect spurring buyback binge Safe Bulkers' Polys Hajioannou sees better days for 'big ships' in second half of 2019 This would represent 4.9% of its outstanding stock and be worth $5.42m at the last closing price of
SEB set to grow shipping offering across the board under Kjelsrud Nordic lender SEB is looking to grow its shipping business at a time many European banks are pulling back from the industry, its new head of shipping says. Hans Christian Kjelsrud joined the bank from Nordea at the start of the year, taking over its $8bn shipping book from Bjarte Boe, who moved to another internal position. BHP trials biofuels with John Fredriksen's Golden Ocean Shipowners turn
Samsung adds two more LNG carriers in $380m deal Korea's Samsung Heavy Industries has continued its LNG contract spree with a new order for two ships. Samsung makes it LNG order number eight for 2019 On Friday, the shipbuilder said it had secured a deal worth KRW 450bn ($381m) with a Bermuda-registered client. The vessels are to be delivered by June 2022. $3bn orderbook The deal lifts the shipbuilder's orderbook for the year to 11 vessels w
Skansi Offshore PSV collides with North Sea platform Norwegian state-owned oil firm Equinor says 276 people evacuated from facility as a precaution.
Hapag Lloyd PR man gets a 'buzz' over apiarist role German liner firm establishes colony on roof of Hamburg headquarters in bid to boost vital insect breed
Seadrill names offshore industry veteran as new CFO Executive set to join John Fredriksen's US and Oslo-listed drilling company in early August
'State actor' behind tanker attacks, UAE tells UN Security Council hears that divers were used to attack ships, but not cause a major explosion.
Brokers warn of serious impacts if Mexico tariffs take effect There was a significant outcry among customs brokers at the southern border after President Trump tweeted last week that he plans to impose tariffs on all goods from Mexico to pressure the United States' southern neighbor to curb illegal migration flows, one representative of brokers told American Shipper.
Retailers expected to stock up inventory to get ahead of tariffs The Global Ports Tracker forecasts higher import totals between June and September for the U.S. ports it covers, but the projects are lower than the forecasts from last month.
Problem Solvers offers infrastructure funding solutions The 48-member bipartisan group's "Rebuilding Infrastructure Report" called for modernizing user fees and incentivizing public-private partnerships.
British Columbia a hotbed of port expansion Both container and bulk terminals have a large number of projects planned.
BIS to roll out new 232 exclusion request portal Thursday will be the last day the current Regulations.gov system will accept totally new requests for exclusions from Section 232 measures on steel and aluminum.
St. Lawrence hands-free mooring technology deployed
Chao, merchant mariners are American Maritime Heroes
Bill introduced to replace or repair bridges
COA to launch telematics interoperability standard
Port of Oakland: Tariffs could stymie volumes
US has plan to strengthen 'critical minerals' access
APL to move to LA's TraPac terminal
Executive Moves: Dupré, Prince Rupert Port Authority
Strong bunker demand amplifying delays for HSFO in Northwest Europe The tightness for prompt Northwest European fuel oil has continued to mount on strong demand for RMG bunker grade fuel oil in Rotterdam.
China has tools to manage trade war with US: ex-Secretary of State Tillerson "The Chinese I hope don't come to the realization you can't make a deal with this administration, and will just wait for the next one," Tillerson said.
UAE, Norway, Saudi Arabia see unnamed 'state actor' behind Fujairah tanker attacks
Singapore's residue stocks rise 1.9% on week due to fewer exports
S Korea to extend sweet crude shopping spree in Kazakhstan ahead of IMO 2020 "We are seeking to secure light sweet feedstock oil as IMO sulfur regulations are set to come into force from 2020," a refinery official said.
Clean Arctic Alliance supports heavy fuel oil ban in Iceland waters A switch to less than 0.1% sulfur content fuels will reduce black carbon emissions, but not eliminate them, the Alliance said.
Key to success of IMO 2020 is enforcement by authorities, transparency: Trident Alliance "Authorities have a key part to play in implementing regulation," the Trident Alliance said.
Vitol to build 30,000 b/d refinery at Malaysia's Tanjung Bin "The unit should be up by the middle of next year."
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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