World Bank program aims to fast-track offshore wind in developing countries The World Bank Group has launched a new program to fast-track the adoption of offshore wind energy in developing countries. The World Bank and sister organization IFC (International Finance Corporation) will help
Damen delivers two FCS 2206 Fast Crew Suppliers Dubai based offshore services specialist Seaways International has taken delivery of two Damen Fast Crew Suppliers (FCS) 2206 in a hand-over ceremony held March 4 at Damen Shipyards Singapore. Seaways International, which
Eletson to retrofit Wärtsilä BWMS fleetwide Piraeus, Greece, based operator Eletson is to retrofit its entire fleet with Wärtsilä's Ballast Water Management Systems (BWMS). A total of 23 product oil, chemical, and LPG carriers in the Eletson fleet
MARAD: $19.6 million available for Small Shipyard Grants According to a notice published in the Federal Register by the U.S. Maritime Administration, $19.6 million is currently available under the Small Shipyard Grant program. The grants are available "for capital and
GasLog Partners drops down another LNG carrier Shell charter set to bring seven years of additional cash flow, with an optional further five years
Impact of French customs action on ports eases Logistics firm says delays have fallen from 10 hours earlier this week to three-and-a-half hours now for cross-Channel traffic from...
Rio Tinto bauxite mine in Australia fully commissioned The Amrun bauxite mine in Queensland cost $1.9bn and will produce 22.8m tonnes per year with options for more
UK logistics providers consider post-Brexit options Companies are looking at ways to reduce the number of times that goods are actually being transferred between the UK...
CEVA acquisition raises the bar, says Saadé CMA CGM, which launched a public tender offer for the shares it does not own in CEVA last month, has...
Yilport gets investment boost for Swedish container terminal Operations from the new terminal at the port of Gävle are slated to start at the back end of 2020
The Lloyd's List Podcast: Consolidation, costs and how to capitalise on shipping's talent Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
Indian Ocean's piracy risk zone reduced The move comes after discussions between a number of industry representative organisations, including BIMCO, the International Chamber of Shipping, Intercargo...
Hyundai Heavy signs deal with Korea Development Bank for DSME takeover Deal has to be approved by competition authorities in other shipbuilding nations, with the results of the process expected by...
Indonesia approves LNG exports to Singapore Four cargo loads will be exported next year and thereafter 16 annually through to 2025. The LNG price will be...
Maersk tells customers to 'keep calm' about Brexit The world's largest carrier has urged customers to be prepared for a Brexit on World Trade Organisation terms
Daily Briefing 'Broken' banking system leaves gap for new ship finance crowd | Liner carriers warned of cheap Chinese leasing funds |...
Enterprise's new export terminal nears completion The Enterprise Hydrocarbon Terminal expansion will increase the ability to export LPG by another 30%
Box shipping should focus on real issues, says SeaIntelligence chief Container lines should not be overly concerned with misguided challenges when there are enough real ones to go around
Interoperability seen as critical to smart box adoption If carrier customers want to use tracking services on all the lines they ship with, a common standard must be...
Khouri to chair US FMC Michael Khouri has been named the permanent chairman of the US Federal Maritime Commission. President Donald Trump announced the move Thursday, promoting Khouri to the post that he had been holding in an acting role for the last two years. "I thank President Trump for his expression of confidence. I believe it reflects support for the great work that the entire [Federal Maritime Commission] team
Saade hails LNG 'the way forward' for liner sector CMA CGM's focus on LNG is about 'saving the planet,' chairman and CEO says.
Sinokor tipped for sale of VLCC to China's Kunlun Sinokor Merchant Marine is tipped to have executed a profitable asset play on a VLCC that was in its fleet for less than two years. Another low-key shipowner, China's Kunlun Holdings, is reported to be the buyer as it rapidly builds up its veteran VLCC fleet. Sinokor linked to MR product tanker sextet at Hyundai Mipo Brokers connect Sinokor Merchant Marine VLCC to Kunlun Shipping Multiple ship
Union forces flag change for ESL Finland's ESL Shipping has decided to reflag a newbuilding after union pressure. ESL's new bulkers hit by "serious technical problems" The 23,650-dwt cargoship Haaga (built 2018) was registed in Finland, after being moved from the Portuguese flag as a part of a deal with its union. The change took place on Friday in Kokkola, Finland "We found a constructive solution with unions and are proud t
Centrofin linked to third Formosa tanker buy Greece's Centrofin is believed to have bought yet another tanker from Taiwan's Formosa Plastics. London-based brokers say the 74,900-dwt FPMC P Fortune (built 2009) is heading the Greek company's way, at a price of about $16.1m. At the same time, Eastern Pacific is linked to sistership vessel FPMC P Eagle, also for $16.1m. Formosa Plastics Marine mulls sale of entire LR1 tanker fleet TradeWinds
Diana Shipping fixes cape with Cargill Simeon Palios-led bulker owner expects to make several million dollars off the deal.
Livanos drops down LNG carrier in $214m deal for GasLog system Peter Livanos' GasLog is dropping down another of its LNG carriers in a $214m deal. The 174,000-cbm GasLog Glasgow (built 2016) is now the property of affiliate GasLog Partners, the companies announced jointly Friday morning. "We continue to execute on our strategy of dropping vessels into GasLog Partners in order to recycle capital back to GasLog to fund our capital programme," GasLog chief exe
Caspian Shipping books tankers in Baku Azerbaijan state owner Caspian Shipping has ordered two more tankers at the domestic Baku Shipyard. Brokers said the 7,875-dwt chemical and product carriers will be delivered in 2021. The company has been saying for months that an order for two tankers and two ro-ros was imminent at the government-owned yard. Caspian Shipping to add 50 vessels by 2025 No price was been revealed for the latest
Korea Line scraps capesize Korea Line has sold another capesize bulker for demolition. Scrap brokers say the 148,000-dwt Goonzaran (built 1994) has gone as is in Korea for $421 per ldt or $7.4m. The ship is due for special survey in December this year. Korea Line did not respond to requests for comments. Earlier this week TradeWinds reported that Berge Bulk had sold the 289,000-dwt bulker Berge Denali (built 1992) for s
Solomon Trader's previous reef grounding revealed The bulker leaking fuel on to a Solomon Islands reef previously ran aground in Australia's Great Barrier Reef under another name. Shipping databases show the 74,000-dwt Solomon Trader (built 1994), now owned by King Trader, is the former Doric Chariot, which got stuck on Piper Reef hauling coal from Mackay to India in 2002. Resolve Marine to attempt salvage of Solomon Trader Solomon Trader: "cr
China predicts weak coastal shipping markets in 2019 According to the Ministry of Transport's outlook, the container, crude and crude shipping sectors are likely to see weaker earnings.
Indian Ocean piracy high-risk area reduced The round table group of international shipping associations has reduced the area (HRA) in the Indian Ocean classified as "high risk" for piracy. Bimco, the International Chamber of Shipping, Intertanko and Intercargo, plus the Oil Companies International Marine Forum (OCIMF), have issued new advice to vessel operators as a result. Three crew kidnapped from tanker off Guinea The move reflects t
Remontowa selling cancelled MPP duo Poland's Remontowa shipyard is trying to sell two multipurpose (MPP) cargoships cancelled by their previous owner. The 2,900-dwt, 108-teu Agnethe Arctica and Jonathan Arctica were part of an order contracted in 2013 by Greenland's Royal Arctic Line (RAL). Caterpillar auctioning arrested tanker UK court auctions Murmansk bulker detained after grounding This included a 606-teu boxship and two sm
Liner delay leaves shelves empty in Hawaii Some shelves are bare in Hawaiian food shops following shipping delays. AP reported residents taking photos of empty dairy sections on Oahu in recent days. Matson continues to feel effects from rival in Guam Hawaii-mainland container line Matson confirmed this week that deliveries had fallen behind schedule because of a combination of bad weather and mechanical problems on vessels, according to
OSG logs quarterly loss as revenue slides Overseas Shipholding Group was in the red in final quarter of the year. The Tampa-based Jones Act player posted a $5.2m loss for the fourth quarter, a $0.05 per share loss and a year-over-year decline of $58.8m. Despite the quarterly deficit, OSG logged a $13.5m profit for the full year, down from $56m in 2017. Overseas Shipholding ties up $325m loan OSG extends litany of American Shipping cha
Siem Offshore clinches three-year subsea frame deal Norway's Siem Offshore has won a three-year frame agreement for one of its subsea support ships. It said the deal with an unnamed contractor involves the 5,300-dwt Siem Spearfish (built 2014). The vessel has already begun operations for the new client.
European Commission keeps the door open for Alang's shipbreakers Policy officer says EC has not ruled out Indian shiprecyclers, and dialogue continues with two Alang-based yards that were rejected after first inspection
Magseis Fairfield CFO resigns The CFO of Oslo-listed Magseis Fairfield has quit. The survey ship company said it had been notified by Tom Henrik Sundby of his decision to resign. He has been replaced by Kevin Crosby on an interim basis. Crosby was previously CFO at Fairfield Geo Technologies. "We are grateful for Tom Henrik's contribution to Magseis Fairfield's growth and development into an ocean bottom seismic technology
Newcomer Hunan Ocean Lines orders boxship double Chinese company Hunan Ocean Container Lines has made its debut with an order for a feedership duo at a domestic yard. Brokers said the company has contracted two 653-teu vessels at the greenfield Hunan Jinhang Shipbuilding facility. Delivery is set for 2021, but no price was given for the deal. Clarksons lists the vessels as the only ones in the fleet of the Hunan company. They also appear to
Uljanik Plovidba reveals 3 Maj ship contract claim Croatian shipowner Uljanik Plovidba is requesting mediation over a 2009 deal for four ships to be built at domestic yard 3 Maj. The tanker and bulker company said it had applied to the County General Attorney Office in Rijeka in relation to an HRK 80m ($12.1m) compensation claim arising from a cooperation agreement between the two companies dated 21 January that year. Brodosplit: expenses must b
Trafigura moves for TNG MRs Croatia's Tankerska Next Generation (TNG) has been linked to new MR charter deals with trader Trafigura. The shipowner announced a 12-month contract for an unnamed vessel earlier on Friday, starting in the middle of March at about $16,000 per day. It said only that the counterparty was a "prominent charterer". Shipbroking sources identified Trafigura as the company behind the deal for the 49,00
Interislander going for ro-pax newbuildings New Zealand's KiwiRail is eyeing up newbuildings to replace ageing Interislander ferries. Three elderly ships will get the chop, with two new vessels coming into service by 2024. The vessels facing the axe are the 360-pax Aratere (built 1998), the 1,650-pax Kaitaki (built 1995) and the 252-pax Kaiarahi (built 1998). KiwiRail acting chief executive Todd Moyle told Stuff: "Two new ferries will ca
Maersk: keep calm and prepare for Brexit Maersk Line has issued a plea for its customers to remain calm ahead of Brexit - but also advised them to stay informed. With the UK potentially leaving the European Union on 29 March, it said clients could be affected by two scenarios. Bungled Brexit ferry contracts cost UK $44m The first is that trade between the UK and the EU will no longer be treated as taking place within the same economic
Boxes topple on K Line boxship Containers have toppled over in rough weather on a K Line boxship off the US. The 8,614-teu Helsinki Bridge (built 2012) was heading into Wilmington from Boston when the incident occurred, port spokeswoman Bethany Welch told WWAY3 TV. US Coast Guard chief petty officer Jeremy Thomas said the ship had hit bad weather. The total number of affected containers was not yet known. Thomas said the sh
Riots and new CEO for DSME as HHI merger sealed The contract for the acquisition of DSME by South Korean rival Hyundai Heavy Industries (HHI) was signed on Friday amid protests in Seoul. The deal sees Korea Development Bank (KDB) sell its majority holding of 55.7% in DSME, worth more than KRW 2trn ($1.78bn), to form a shipbuilding giant with a 20% share of the worldwide newbuilding market. DSME CEO Jung Sung-leep "offers to resign" Mega-merg
Change at the top for Aussie FSRU developer AIE Company says project has also entered the last stage of preparation for the final investment decision.
Union cargo crane crackdown threatens delays at Longview ILWU inspectors come in for criticism for overzealous enforcement of inspection regime.
Australia's Port of Mackay looks to grow PCTC trade Port looks to diversify cargoes beyond agricultural and coal with investment in ro-ro.
Concerns aired about long-term effect of tariffs There are worries that the U.S. may be seen as an unreliable source of commodities such as soybeans.
CBP struggles to fill officer ranks The time to hire for the agency currently takes about 300 days, with less than 3 percent of applicants successfully completing the hiring process.
Carriers blank 10 sailings on Asia-North America trade
Deutsche Post DHL's annual EBIT falls 15.5 percent
South Korea overtakes China as No. 2 destination for US crude in 2018: EIA
Mexico's CFE seeks up to 4.35 million barrels of 3.5% fuel oil
Cheniere, Sinopec in talks for long-term LNG supply contract: executive
Singapore residue stocks fall to one-month low of 20 mil barrels on lower imports
ARA stocks fall 9% on active arbitrage east, Saudi demand surfaces: PJK
External: Praxis Energy Agents DMCC
More US oil may flow to India as Trump strives to tilt trade balance "The withdrawal of preferential treatment will impact $5 billion-$6 billion worth of exports to the US," CRISIL's Dharmakirti Joshi said.
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