Innovative Z-Tech tug incorporates RAstar hullform Designer Robert Allan Ltd has released some more technical details on the Mark E. Kuebler, the first in a series of ten innovative Z-Tech 30-80 tugs recently delivered by Gulf Island Shipyards
Algoma Central CEO steps down, COO steps up There's been a change at the top at St Catharines, Ontario, headquartered Algoma Central Corporation, the Canadian leader in Great Lakes and Seaway dry and liquid bulker operations that's lately been making
Wärtsilä to deliver first short-sea shipping hybrid retrofit Wärtsilä is to deliver the world's first hybrid retrofit for a short-sea shipping vessel, Haugesund, Norway, headquartered Hagland Shipping's general cargo vessel Hagland Captain. The Wärtsilä battery hybrid propulsion solution will significantly
ABS identifies key challenges with Ballast Water Management Systems "As ships come into compliance with ballast water management requirements, it is important to consider some of the common system challenges and best practices for operating these systems," says ABS Senior Vice
Philly Shipyard eyes its options With the last ship on its order book nearing completion, Philly Shipyard desperately needs to find whatever kind of work it can - including repair work and steel fabrication -to keep things
Irving awards design contract for Canadian Surface Combatant BAE Systems Type 26 Global Combat Ship has notched up another success. Irving Shipbuilding, which will build all 15 Canadian Surface Combatant ships at its Halifax Shipyard has awarded the design contract
Vale forced to shut Tubarao terminal Several vessels are heading to the port, according to Lloyd's List Intelligence
Marine insurers' future in doubt unless owners foot rate rise 'If we just carry on as if there is no problem, we are going to be extinct,' says Hoare
Swedish port dispute rumbles on with 'no winners' The Swedish Dockworkers Union has notified employers of 11 further strike notices, following more than 30 similar notices issued since...
Gas flows from the US expected to rise As many as eight additional cargoes per month are expected to leave the US, according to Avance Gas executives
EU rejects anonymity for ship emissions data Commission's amendments to the bloc's data collection system have both sides of the fence wanting more
Castor Maritime set to begin trading on Nasdaq Owner of solitary bulker aims to grow and is latest company to sidestep the traditional initial public offering route to...
Global scrubber rules should not hurt early movers, lobbies argue Shipping lobbies have mixed reactions to the European Union's latest proposal on regulating scrubber discharges at the IMO
MCA chief reaffirms commitment to UK flag amid Brexit threat As the UK Ship Register faces a possible Brexit-related exodus, one suggestion is for the Red Ensign Group of flags...
The Lloyd's List Podcast: IUMI leaders set out stall for 2019 International Insurance Lloyd's List The Shipping Podcast
Trade war sees ethanol taking slow boat to China The trend, which now appears to be much more than a short-term stop-gap solution, will lead to the diversion of...
Two crew killed in Singapore Strait collision A tug, with six Indonesian crew on board, capsized. The four remaining crew were rescued by the Singapore Police Coast...
Algoma's chief executive resigns Ken Soerensen is being replaced by Gregg Ruhl, who has 20 years of experience in marine transportation
The Interview: Sultan Ahmed Bin Sulayem Sultan Ahmed Bin Sulayem, group chairman and chief executive of DP World, has a strong sense of history when it...
Daily Briefing Brexodus: Movement of UKSR people? | UK braced for EU safety programmes exit | Carriers could face freight surge ahead...
Scrubber-fitted ships will be in a minority by 2020 Supply of very low sulphur fuel oil will increase by 300,000 barrels per day between 2020-2024 while LNG use as...
Opportunistic carriers face shipper backlash Shippers say all cargoes that could be frontloaded have been and there will be no further rush ahead of the...
Standards will be key to success of blockchain in shipping Blockchain standards need to be established so carriers can offer competing systems to customers without reinventing the wheel
Lloyd's Register approved for operations in the Norwegian Continental Shelf A recent study by LR showed some activities had the potential for major accidents
New shares increase Palios' power at Diana Shipping Palios could already cast nearly 25 million votes, and now can cast 10 million more
Dry bulk problems run deeper than Vale dam disaster Headwinds facing the dry cargo market extend beyond the impact of the Feijao disaster, Braemar ACM says. Dry cargo rates have been in a tailspin this year with the Baltic Dry Index slumping to just 601 points on Friday. Polaris sets sights on Oslo for initial public offering Bulker owners in no mood to celebrate Chinese New Year Vale says Brazil court action threatens 30 million tonnes of iron
Dimensional Fund Advisors bets on tankers amid moves on nine shipping stocks Dimensional Fund Advisors bumped up its stake in DHT Holdings alongside other, smaller plays amidst a fourth quarter tumble in equities and a strengthening tanker market. The multi-billion dollar Texas investment firm bought more than 700,000 DHT shares in the last three months of 2018, SEC filings show. This swelled its total ownership to 1.85 million shares, equal to 6.41% of the New York-lis
Shipbuilding red ink extended at Mitsui E&S Holdings Newbuilding sales are up but profit is down at Japanese giant's ship division
Dof wins $50m in contracts in Guyana, the Red Sea and Mediterranean The Oslo-listed company did not disclose its clients, but they are likely to include Saipem
DNB Markets boosts ratings and rate forecasts for VLGC peer group DNB Markets has upgraded the three publicly traded VLGC shipowners following a heavy drop in their stock prices during the past year and an improved outlook for the market. Avance Gas closing in on refinancing as scrubber decision nears VLGC giant Dorian LPG dials up investment in scrubbers BW LPG, Avance Gas and Dorian LPG were all raised to "buy" today by DNB's analysts led by Nicolay Dyvik.
Hadjiyiannis set for bumper profit on VLCC asset play Andreas Hadjiyiannis seems to be reaping the first fruit of the considerable tanker investments he made last year, with news of an impressive asset play in the works. Brokers report the Greek-Cypriot owner has a preliminary agreement on subjects with an unidentified Far Eastern buyer to sell the 298,600-dwt VL Sakura (built 2001) for $24m. If the transaction is confirmed at that price, it would
VLCC player Kyoei Tanker pushes up profit Japanese owner Kyoei Tanker has increased its earnings on bigger revenue to 31 December. For the nine-month period, it said net profit was ¥1.39bn ($12.66m), up from '870m in the corresponding three quarters of 2017. Its four VLCCs, others tankers, bulkers and LPG carriers brought in revenue of '10.51bn against '9.53bn a year ago. Its full-year profit forecast is unchanged at '1.65bn, compared
Eurotankers sells suezmax veteran at strong price Greek shipowner Eurotankers has sold one of its older tankers at an eye-catching price, brokers say. Dominion resurfaces with ex-Toisa kamsarmax Eurotankers is understood to have parted with the 159,500-dwt Eurohope (built 1999), with an unknown Middle Eastern shipowner linked to the suezmax tanker. A price of $12.8m to $12.9m is being placed on the DSME-built ship, which is described as very f
New HCB fixes sights on international business The new Hamburg Commercial Bank (HCB) has begun life with a pledge to target international marine business. The private German lender changed its name from HSH Nordbank at the start of this month following its takeover by a consortium led by Cerberus Capital Management and JC Flowers. New private equity owners wield axe at HSH Nordbank Bondholders sue HSH over privatisation 'losses' The bank i
Allseas Marine suezmax nets new work with Navig8 Greek owner Allseas Marine is thought to have secured fresh employment for one of its suezmax tankers. Navig8 founders learn: Who shares wins Allseas ends tanker hiatus with modern suezmax duo Sources say Navig8 has chartered the 159,000-dwt RS Aurora (built 2018) on a one-year contract. It is said the ship has been fixed at a base rate of $20,000 per day, with the contract including a profit
Last sail-driven tanker up for auction after efforts to find new home fail Time is running out to save a unique but decaying 141-year-old tall ship and renovate it for a new future sailing round the world for good causes.
Samsung seen as 'unlikely' challenger in DSME takeover Samsung Heavy Industries is seen as an unlikely challenger to Hyundai Heavy Industries in taking over compatriot DSME, Yonhap News Agency reports. Politics, price and succession shape Hyundai Heavy and Daewoo mega-merger East Asian shipyards fear scale of the new Hyundai-DSME Korea Development Bank (KDB) is looking to sell its controlling interest in DSME to HHI in a $2bn transaction which woul
Greek bulker cleared of fuel spill as yard defects blamed Canadian court says construction faults at JMU caused bunker discharge from Marathassa in 2015.
Astomos puts VLGC up for sale Japanese shipowner Astomos Energy and its minority vessel partner NYK Line have circulated a 19-year-old VLGC on the sales market. Kumiai Navigation orders dual-fuelled VLGC at Kawasaki Heavy Industries Sales details seen by TradeWinds show the 78,888-cbm Gas Diana (built 2000) is available for inspection in a laden condition in Singapore on 16 and 17 February. Offers are due on 21 February. F
TMS Cardiff Gas closes in on long-term fixture for 10th ship Christos Economou-controlled TMS Cardiff Gas is poised to fix one of its two remaining, speculatively ordered LNG carrier newbuildings on a long-term charter. Speaking to TradeWinds, Economou said: "We are in advanced discussions to put one of our newbuildings to a customer for 10 years." He did not give any details of the charterer or when the business would likely be concluded. Christos Econo
Uman cargoship took on water after grounding An Uman Shipping cargoship has taken on water after touching bottom off Sweden. The 3,900-dwt Listervik (built 1996) was never at a standstill and has proceeded to Oxelosund to await an inspection by divers, Uman managing director Anders Mattsson told TradeWinds on Friday. Sweden's maritime administration had said earlier on Friday that the vessel had gone aground in the early hours. It took in
Solstad Offshore fixes PSVs and AHTS on period charters Three of Solstad Offshore's PX 105 platform supply vessels (PSVs) and an anchor handling tug supply vessel (AHTS) have been fixed on contracts that will commence in the second quarter. The 4,500-dwt Normand Service (built 2014) or its sister ship has been contracted to GeoSea for a firm period of 180 days, plus an optional seven-month extension period. The PSV will support wind farm installation
Europe to publish individual ship emissions data Shipowners are unhappy with the move which the European Commission says is aimed at reducing carbon pollution.
Wartsila to carry out hybrid retrofit for Hagland Finland's Wartsila is to carry out the first hybrid retrofit of a shortsea vessel for Hagland Shipping. The technology company said the work will take place on the 4,700-dwt general cargoship Hagland Captain (built 2012). Wartsila will fit battery hybrid propulsion to "significantly enhance" the ship's environmental performance by reducing its emissions, fuel consumption, and noise, it said. Wa
Veteran tanker forced aground in Cyprus A 1952-built tanker has been forced ashore in a storm off Cyprus. The Kibris Star said the 200-dwt Salim N1 (built 1952) grounded on a beach after being anchored off Famagusta since 2 December. Salvage work could start on Sunday or Monday due to more bad weather expected in the area. The vessel is listed as controlled by Med Petrol of Panama.
Oslo battery problems delay The Fjords cruiseship launch Norwegian owner The Fjords is delaying a cruiseship launch after problems with shoreside battery supply in Oslo. The company had planned to take delivery of the 400-passenger all-electric Legacy of The Fjords from shipyard Brodrene Aa on 2 July. But it said issues finalising the required battery-loading infrastructure within the Oslo harbour area had led to a reappraisal of the launch schedule.
Litasco shipping boss Kristian Aursnes stepping down Norwegian Kristian Aursnes is leaving his role as managing director of Eiger Shipping, the freight division at Russian trading giant Litasco, after 14 years. The 44-year-old declined to comment on what he would do next, but said he would stay in shipping. "Everyone with a good reputation and experience in the shipping industry is interesting for other companies," he added. Litasco arrests two P
Fincantieri to create yard hub in Sicily Italian yard giant Fincantieri is planning to create a shipbuilding hub in Sicily. The ANSA news agency said it has signed a memorandum of understanding with Western Sicilian Port Authority (AdSP) to establish facilities in Palermo. The agreement entails completion of a dry dock with a gross capacity of 150,000 tonnes and the construction of a 300-metre quay in the northern area of the port. "O
Topouzoglou agrees newbuilding bridging loan for FSL Trust Greek provides short-term funds to help finance initial deposit for LR2s on order in China.
Castor Maritime set for Nasdaq Greek Dry bulk player Castor Maritime is set to make its debut in New York. The Petros Panagiotidis-led company will begin trading on the Nasdaq Capital Market 11 February under the ticker symbol CTRM. Castor, which owns a single ship, the 76,500-dwt Magic P (built 2004), opted to go with a direct listing last year. The plan, in which the company foregoes an underwriter and sells shares directl
Soerensen quits Canada's Algoma Central Corp Chief executive is said to want to spend more time with his family in Europe.
Forwarders slow to get on board screening program The Airforwarders Association has found that direct participation by smaller forwarders in the U.S. government's Air Cargo Advanced Screening program remains minimal.
House testimony: Infrastructure modernization essential A vehicle miles traveled program is the country's "only viable future" for fixing the Highway Trust Fund, Ranking Member Sam Graves says.
Year-over-year air cargo growth lower in 2018 The International Air Transportation Association expects a slightly higher figure - 3.7 percent growth - in 2019.
Public-private partnerships can boost projects' value P3s incentivize on-time and on-budget projects and harness the innovation of the private sector, Nossaman LLP partner says.
U.S. trade delegation to head to China next week
Young Brothers 4.3 percent price increase approved
FDA starts drug supply chain security pilot
Turkish man directed subsidiary to violate sanctions
Japan seeks bigger energy ties with Russia Japan is hoping to strengthen ties with Russia to ensure security of energy supply amid growing short-term uncertainty over the direction of the global oil market, Japan Minister of Economy, Trade and Industry Hiroshige Seko, has said.
European refineries looking at run cuts, switching crude slates Refineries in Northwest Europe have started to cut runs or change crude slates due to the ongoing weak margin environment in the region, sources said.
Saudi VLCC on mystery trip to Venezuela: Platts cFlow A Saudi oil tanker appears to be traveling across the Atlantic Ocean to sanctions-embattled Venezuela either to deliver or pick up a cargo -- an almost unprecedented shipment between the two OPEC members.
Bayou Bridge Lake Charles-to-St. James leg to begin service in March: Phillips 66 The Bayou Bridge pipeline will begin to move crude from Lake Charles, Louisiana, to the eastern Louisiana oil hub of St. James in March, Phillips 66 CEO Greg Garland said Friday.
Brent/WTI spread widens as Libya clashes dim hopes of Sharara restart Brent futures edged higher Friday following reports of violent clashes between rival political factions in the vicinity of Libya's Sharara oil field, dimming hopes for a potential near-term restart of production at the nation's largest field.
VLSFO set to be main marine fuel choice for IMO 2020 rule: VeriFuel The marine fuel supply chain must "band together," Rojgaard said.
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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