VIDEO: Moran to build HamiltonJet powered ferry for Mackinac Island Onaway, Mich., headquartered Moran Iron Works is to build a second ferry for long time customer Shepler's Mackinac Island Ferry. Bill Shepler, CEO of Shepler's Mackinac Island Ferry, and Tom Moran, CEO
Dr. Mirka Wilderer is new CEO of De Nora Water Technologies Milan, Italy, headquartered De Nora has named Dr. Mirka Wilderer as chief executive officer of its Water Technologies group, whose products include the Balpure ballast water management system, effective June 1, 2019.
ABS partners with digital twin specialist Akselos ABS is partnering with Cambridge, Mass., based Akselos, Inc. to explore developing cutting-edge digital services to clients. ABS says that digital twin specialist Akselos has patented technology with the power to model
Siemens Gamesa extends Seacat Services contracts U.K. Offshore Energy Support Vessel (OESV) operator Seacat Services has secured long-term extensions to its vessel support contracts with Siemens Gamesa Renewable Energy (SGRE) at the Galloper offshore wind farm (Galloper), off
Wärtsilä solutions picked for China's first LNG bunkering ship China's first seagoing LNG bunkering vessel will operate with a comprehensive and integrated package of Wärtsilä solutions.. Designed by the China Ship Design & Research Center, the 8,500 cu.m capacity ship is
Navy names future destroyer in honor of WWII Coast Guard hero Secretary of the U.S. Navy Richard V. Spencer has announced that a future Arleigh Burke-class guided-missile destroyer, DDG 132, is to be named in honor of U.S.Coast Guard Capt. Quentin Walsh, who
Credit Suisse remains top lender to Greek shipping as bank contraction slows Fifty-two banks had an aggregate of $53.2bn in drawn or committed loans to Greek owners at end-2018, down 1.5% on...
Piraeus Bank sells bad shipping loans to US fund A so-called 'Nemo' book of loans is headed to Davidson Kempner Capital Management for about $270m
World's first ethane gas carrier ship-to-ship transfer under way The very large ethane carrier was built to meet a long-term supply agreement between Ineos and SP Chemicals to ship...
Port of Milford Haven appoints Andy Jones as chief executive The deputy chief executive steps up to run the UK's central energy port
Norton Rose Fulbright marine insurance lawyers join rival firm A group of insurance lawyers specialising in marine and energy - headed by three partners - have defected from the...
Panama Canal contributes to carbon emissions fight The authorities in Panama hope to take their findings from new carbon-cutting tools to contribute to debate at the International...
Shipping trio team up to manage smaller bulker fleets New venture OneBulk will operate out of Hamburg and Singapore, launching on July 1
DryShips takes control of Heidmar after Morgan Stanley deal George Economou-led shipowner pays $17m to take 100% control of tanker pools operator
Activist investor renews pressure on K Line In response, K Line said the leadership provided by both executives is necessary to improve the company's performance in unstable...
China export tariffs will have widespread impacts on carriers Intra-Asia carriers stand to benefit from a shift of production to other Asian economies, but the trade war could have...
One dead after crane collapses at Yangzijiang Another worker was injured on board the ship, but these injuries are not life-threatening, the company says
Sovcomflot signs shipbuilding finance deal with VEB Leasing Each tanker will transport petroleum products and gas condensate for Novatek after delivery, which is scheduled for 2022-2023
Croatia terminal eyes mega boxship capability by mid-2020 Additional upgrading work is also being carried out at the moment to raise the Adriatic Gate Container Terminal's on-dock rail...
APL's carbon emissions down almost 50% in decade APL has aligned its carbon dioxide emissions target with that of its French parent group
US dredgers eye long-term opportunities for all, despite red tape Throughout the conference proceedings, there was muted criticism about the oft-remarked upon red tape in the shape of regulatory agencies...
Shell's Prelude FLNG ships long-awaited first LNG cargo A laden LNG carrier has left Shell's Prelude FLNG floating liquefaction facility off northwest Australia. Shell 'trials' Prelude FLNG with ship as exports near Eikland Energy data service iGIS/LNG reports that the 173,400-cbm Valencia Knutsen (built 2010) dropped its mooring lines from the huge 600,000-tonne floater today and was guided away from the facility by two tugs. iGIS/LNG said the ship
Navig8 Chemicals facing turmoil over coatings and investor concerns Oaktree Capital moves to install new CEO as Oslo OTC company struggles with finances and reported failure of coatings on some of its tankers.
North P&I reshuffles senior staff The North P&I Club has promoted senior executives in underwriting and claims as chief executive Paul Jennings lays the ground for future growth. The two most senior promotions go to Savraj Mehta, who has been appointed chief commercial officer, and Thya Kathiravel, who steps up to the position of chief underwriting officer. American Club fights back after North raid on key staff The role of chi
India moves to block seafarers from Gulf of Guinea India's government has moved to ban Indian seafarers from the Gulf of Guinea, citing concerns over piracy. A circular published by the country's Directorate General of Shipping says pirates have been targeting Indian crew and directs state-approved crewing companies not to hire Indians to work on ships trading solely in the Gulf of Guinea. Henderson: West African piracy "not acceptable" Report:
Diana Shipping fixes capes to Singapore Marine, Oldendorff Simeon Palios-led owner expects to make $17.9m total off the two charters.
Stars come out for Fredriksen's 75th birthday party John Fredriksen's family joined a parade of Norway's business elite to celebrate the tanker king's 75th birthday. Fredriksen told TradeWinds' sister publication Dagens Naeringsliv he expected the party at luxury restaurant Ling Ling Oslo to be "quiet and calm as usual". It proved anything but: Swedish pop star Zara Larsson and British pop artist Stephen Ridley provided musical entertainment, and
Stowaway held after setting fire to MSC ship Israeli troops have arrested a stowaway who tried to start a fire on board an MSC boxship off Haifa. Watch footage of the incident here The incident occurred on Saturday on the 2,480-teu MSC Canberra (built 1995), the Times of Israel reported. The ship was anchored off the port at the time after having arrived from Turkey. Israel Defense Forces (IDF) said that by early afternoon, troops had ta
Piraeus Bank takes haircut on $605m shipping loan sale to Davidson Kempner Greek shipping lender Piraeus Bank has finalised a big sale of corporate non-performing exposure (NPE) to a US fund. The portfolio being sold to Davidson Kempner Capital Management had a gross book value of EUR 507m, or EUR 535m ($605m) as a total legal claim, as of 31 October last year. But the fund is paying EUR 240m. Piraeus Bank spins off $30bn 'bad bank' Selling Nemo: Piraeus Bank "offloa
Reign of uncertainty now dominates global markets, says Pictet Stimulus in China and Europe offers some scope for optimism despite a loss of economic momentum
Fresh contenders limber up as floating LNG comes of age Number of FLNG units exporting doubles in days as world's largest and smallest floaters fire up
Maritime & Merchant Bank launches private placement Maritime & Merchant Bank (M&MB) has launched its mooted private placement of shares, in which it is targeting proceeds of up to NOK 38.5m ($4.4m). Maritime & Merchant Bank planning private placement to fuel growth Maritime & Merchant Bank grows tanker and container loan book in profitable quarter The bank aims to raise its share capital by a minimum of NOK 6.25m and a maximum of NOK 38.5m in th
No boost for tankers after US suspends Mexican tariffs Tension between the two countries could have lifted tonne-mile demand for VLCCs and other large-sized oil and gas carriers, according to analysts.
Mission to Seafarers centres adapt to support crews in a rapidly evolving industry Vessel visits take priority as ships' faster turnarounds take their toll on centres, some of which have closed
Maersk's Soren Skou secures Russian blockchain pilot AP Moller-Maersk has agreed a deal to run a blockchain pilot scheme in Russia. The cooperation with the Russian ministry of transport will see its boxship shipping data platform venture with IBM, TradeLens, launch in St Petersburg, the country's main container gateway. Coup for Maersk as MSC and CMA CGM join blockchain platform Group CEO Soren Skou signed the deal with Yuriy Tsvetkov, deputy tr
Singapore vessel traffic unaffected by shipwreck Navigational safety in the Singapore Strait is not threatened by the wreck of the supply vessel that sank there in February, the Maritime and Port Authority of Singapore (MPA) has said. Historic German schooner sinks after boxship collision The Dominica-flagged, 49-gt Ocean Cooper 2 (built 2015) capsized in the westbound lane of the Traffic Separation Scheme around three nautical miles from the
First Tango FLNG cargo sails from Argentina Argentina has exported its first cargo of LNG from its barge-based Tango FLNG unit in Bahia Blanca. Argentina prepares for debut export cargo this week The 147,895-cbm Fuji LNG (built 2004) sailed on 6 June with 25,000 cbm of LNG loaded into one of its tanks for buyer Cheniere Energy. The volumes were produced from Exmar's 0.5 million tonnes per annum Tango FLNG which is fixed on a 10-year toll
Chevron to sell LSFO by end of third quarter Oil major Chevron will be ready to sell a new 0.50% sulphur fuel by the end of the third quarter. Chevron Fuels technologist Monique Vermeire told Reuters: "If the shipping company is willing to try it out now we can make it available, but not for continuous purchase. "I think it will be available (for the market) by the end of the third quarter."
Henderson: West African piracy "not acceptable" Shipping organisations have joined forces to urge action on the increasing threat of piracy off West Africa. Owners, flag states and agencies from the region met at the IMO in London for a symposium on maritime security. Grahaeme Henderson, chair of the UK Shipping Defence Advisory Committee and vice president of Shell Shipping & Maritime, told delegates: "Simply put, the high level of piracy an
Smart Tankers picks up second VLCC Small Greek company Smart Tankers has made good on a promise to expand in the VLCC space, acquiring its second large tanker. The Piraeus-based outfit has emerged as buyer of Sinokor's 318,700-dwt S Glory (built 2007). According to Equasis, the ship passed under its management last month and has since been sailing under its new name, Ivonne. Smart Tankers looks to more growth in VLCCs Brokers fi
Economou scoops up full Heidmar ownership DryShips buys out Morgan Stanley's half stake for $17m and installs Pankaj Khanna as replacement for CEO James Pippard.
Ostensjo looks to the future with new cadets Cadet Natalie Knutsen views herself as a "lucky sailor" after landing training with Norwegian shipowner Ostensjo Rederi. But the 24-year-old also represents an important investment in the future for the company. There has been concern in the North Sea OSV sector that the crash of the last few years has led to many experienced staff leaving the profession. The shipowner has entered into a collab
Cyprus aims to slash bureaucracy to lure owners Cyprus is stepping up efforts to lure shipping with a new plan on competitive taxation and minimal bureaucracy, according to a local lawyer. Vicky Petrides. a partner at domestic law firm Stelios A Stylianou & Co, said that one year after its institution, the department of merchant shipping has adopted its own road-map and is gradually executing various reforms. ECSA calls for end to Turkey's Cy
K Line chairman and CEO face calls to be kicked-off board But shipowner defends Eizo Murakami and Yukikazu Myochin in face of investor pressure.
Brightoil tanker trio finds no shortage of suitors Strong interest from Greek and Chinese buyers see two VLCCs and an aframax sold at auctions across Asia.
Sovcomflot changes its mind on Polarcus charter Russian shipping company Sovcomflot (SCF) has performed a U-turn on a seismic survey vessel charter. In March, Oslo-listed owner Polarcus said Sovcomflot had exercised an option to redeliver the 2,250-dwt Vyacheslav Tikhonov (built 2011) from a bareboat charter at the end of April. Sovcomflot handing back Polarcus survey ship A Polarcus subsidiary has since chartered the ship with the intention
Historic German schooner sinks after boxship collision All 46 passengers taken to safety by safety vessels already attending another incident.
Rana Maritime bulker seized in Singapore Chinese repair yard claims bills for repairs to a handymax bulker have not been paid.
COSL upgraded at Morgan Stanley after sell-off Analyst says increase in CNOOC capital expenditure plans will boost workload for Chinese driller.
Maritime women recognised in Queen's Birthday Honours list Services to the maritime sector and to maritime safety earn gongs for shipping executives.
Brokers relieved tariffs on Mexican goods suspended President Trump agreed to indefinitely suspend threatened tariffs against Mexico after the U.S. and that nation on Friday reached a deal aimed at stemming the flow of illegal migration to the United States.
U.S. retailers expected to stock up inventories The Global Ports Tracker forecasts higher import totals between June and September for the U.S. ports it covers, but the projections are lower than forecasts from last month.
Drewry: Trade war reshaping supply chains Higher cost of Chinese goods could result in lower transpacific volumes and need for more direct calls at ports near new suppliers.
CBP delays ACE consolidated express filings
MSC adds surcharge for cargo bound for Venezuela
Arson reported on MSC containership
ONE APUS calls on Port of New York and New Jersey
Sovcomflot, Gazprom Neft sign LNG fuel bunkering pact
FMCSA seeks comments on truck driver detention times
K-Line to install automated kite system
APL reports 47.4% reduction in carbon dioxide emissions
Gibraltar-Algeciras bunkers see limited supply amid tight HSFO cargoes The bunker fuel market at Algeciras, Spain, and Gibraltar is seeing pockets of curtailed availability, as tight supply of high sulfur fuel oil in the region begins to bite.
FUTURES: Crude settles lower as demand concerns linger Crude futures turned bearish Monday, turning lower on continued concerns that an economic slowdown would hamper oil demand.
DUBAI FUTURES: Structure pulls back as traders mull sour crude supply options The drop in the front of the Dubai structure was largely responsible for pulling the cash Dubai M1/M3 spread down.
FUTURES: Oil rises after US suspends Mexico tariff 'indefinitely' "Compared to the broader US-China trade conflict, the US-Mexico issue appears to be a lower hanging fruit for the Trump administration," IG's Pan 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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