GoM platforms and rigs evacuated With the National Hurricane Center forecasting that a tropical depression will form in the Gulf Coast region by tomorrow, July 11, the U.S. Coast Guard is adjusting port conditions and pre-staging response
Eight Great Lakes Towing tugs get Sub M certificates The Great Lakes Towing Company reports that eight of its tugs, more than a quarter of its active harbor towing fleet, have received U. S. Coast Guard Certificates of Inspection. The Cleveland,
LNG training simulator wins DNV GL approval LNG containment specialist GTT reports that its U.K. based subsidiary, GTT Training, has obtained approval from DNV-GL for its new LNG Bunkering & Fuel Gas Handling System simulation model G-Sim from DNV-GL
Titan completes world's largest-yet LNG bunkering operation The world's largest and most powerful semi-submersible crane vessel - Heerema Marine Contractors' Sleipnir - is about to begin its 45 day maiden voyage to Spain, after being supplied with 3,000 metric
U.S.-flag lines again get slimmer Transcom contracts The U.S. Transportation Command has awarded twelve U.S.-flag shipping companies contracts totaling $738.7 million for international ocean transportation and intermodal distribution services. All the contracts run through August 31, 2020. The total
Gondan delivers world's most powerful 36 m hybrid icebreaking tug The Port of Luleå, Sweden, has taken delivery of the 36 meter hybrid icebreaker tug Vilja from Spanish shipbuilder Astilleros Gondan. Vilja is a TundRA 3600-H, icebreaking escort tug designed by Robert
Court says no absolute obligation to maintain class throughout bareboats 'Today's judgment ... demonstrates the Court's reluctance to classify contractual terms as conditions where the risk of disproportionate consequences outweighs...
Enterprise Product Partners plans Houston expansion EPP announced three expansion projects at the Houston Ship Channel Terminal
UK risks leaving Brexit freight decisions 'too late' 'This work needs to be completed quickly, as it will shape what freight capacity the Department for Transport may need...
First bulker to showcase hybrid solution The hybrid system is being installed on the Paolo Topic bulker, with the work being undertaken at Onomichi Dockyard in...
EU says CO2 database is work in progress Commission vows to follow up on any errors in the EU MRV database ahead of report later this year
J. Lauritzen dry bulk unit to open office in Dubai 'The Middle East region is an important and growing area for us,' the unit's head Niels Josefsen said
NYK orders capesize bulker backed by long-term charter The exhaust gas scrubber-fitted and Tier III compliant vessel will trade iron ore and coking coal in and around the...
Daily Briefing UK tanker gets military escort after Iranian threats | Gibraltar extended ship-seizure powers day before tanker interception | Fujairah struggles...
BIMCO backs coalition plan to protect Gulf shipping Chairman of the US Joint Chiefs of Staff Marine Gen Joseph Dunford said he wanted to 'ensure freedom of navigation'...
InfraStrata eyes UK FSRU project 'The UK gas market is witnessing a significant shift in its supply stack and liquefied natural gas is set to...
NYNJ draws road map for port's growth The port authority said it will need to initiate major waterside and road projects to ensure its facilities are unconstrained in their...
Port Tampa Bay adds a third Asia service Port officials attribute their success in attracting the new services to the investment in two new post-panamax container gantry cranes...
Scrubber totals could rise via new builders A rush of new builders could throw off estimates of how big the scrubber-equipped fleet might be come 2020, manufacturers said on a Deutsche Bank conference call hosted by analyst Amit Mehrotra Wednesday. CR Ocean Engineering president Nicholas Confuorto said he expects 4,000 ships, or 10% of the world's fleet, to be outfitted with the exhaust gas cleaning systems ahead of the IMO 2020 emissions
Wells Fargo dumps Tidewater The San Francisco bank has sold nearly all of its shares in the world's largest offshore company
Wells Fargo 'scorecard' to judge carbon disclosures Analyst Michael Webber takes steps to support landmark Poseidon Principles initiative by leading lenders as he presses for emissions transparency
Arrested pipe-layer remains in Ghana as legal fight continues An arrested pipe layer continues to languish in Ghana as the legal fight over its release heads to New York. Dallas-based investment fund WAG SPV I last week filed suit in Manhattan federal court against Nigeria-based Fortune Global, looking to garnish $2.9m held in three accounts related to the arrest of the 8,531-gt Sea Horizon (built 1977) last autumn. Pipe-layer owner turns to US courts to f
Deutsche Bank 'never more excited' about shipping stocks As other analysts drop their shipping coverage, Amit Mehrotra couldn't be more enthused about the sector.
Belships extends growth spurt with newbuilding deal Belships has extended an expansion drive under Frode Teigen's ownership with the addition of an ultramax newbuilding. Oslo-listed Belships has taken the ship on a 10-year bareboat charter, which will increase its operated fleet to 20 vessels. Active S&P player Belships mulls extra 'ships for shares' deals Belships continues buying spree with ship number three The 64,000-dwt bulker will be de
Tsakos Energy Navigation strikes three-year suezmax tanker charter Tsakos Energy Navigation has locked one of its spot-trading suezmax tankers into a long-term charter. New York-listed TEN announced the three-year contract today, stating the deal with a "European oil concern" would generate $23m in revenue. Tsakos Energy looking to add VLCCs Tsakos Energy Navigation confirms suezmax double at Hyundai The shipowner did not identify the tanker involved or discl
Saudis claim to have thwarted Bab-el-Mandeb attack Houthis deny assault on a cargo vessel in southern Red Sea
German shipowner Henning Oldendorff tipped for baby-cape buy German shipowner Henning Oldendorff has swooped for the final baby-cape in the fleet of compatriot Thomas Schulte, brokers said. Oldendorff has been building his presence in the niche during the past couple of years, heading a resurgence in the market. Oldendorff charters two capesizes from CSIC Leasing Oldendorff reveals 23 sale and charter deals in China The latest ship to join the Oldendorf
Cobelfret and Nissen Kaiun sell capesizes in an 'unexciting' market If confirmed, the transactions mark a turnaround from the dearth of cape sales earlier this year
Titan LNG completes world's largest LNG bunkering operation Second Mediterranean supply location earmarked to top up crane vessel Sleipnir
US looking for allies to defend tankers in Middle East Gulf The US would provide command ships and lead surveillance efforts, a top general said
Research identifies new Gulf threat - tsunamis Scientists say region thought to be tranquil is actually highly vulnerable to monster waves
Mediterranean Shipping Company strikes long-term deal for Capital Product pair Evangelos Marinakis' Capital Product Partners has wrapped up long-term charters for two container vessels with liner giant Mediterranean Shipping Co. The deals will employ both scrubber-fitted vessels until 2024 and leave the master limited partnership (MLP) with full contract coverage this year and over 90% filled in 2020. Greeks show boxship S&P zeal Marinakis marks anniversary of Forest's fi
AP Moller Holding enters wind energy market with KK Group swoop Denmark's Maersk family have made a first foray into the wind energy market with the private purchase of a turbine electronics supplier. The acquisition of KK Group by AP Moller Holding comes as Copenhagen-listed AP Moller-Maersk, which the family controls, has divested its energy businesses. AP Moller-Maersk heads into uncharted waters as historic shift in strategy unfolds Ane Maersk Mc-Kinney
BP suezmax underway again in Middle East Gulf British Heritage still awaiting orders following Iranian threat against UK shipping.
Appeal court backs charterer in lapsed class row UK judge rules Ark Shipping was not obliged to keep vessel in class as a condition of charter.
Steamship Mutual hints at further cash returns Steamship Mutual has said its financial position is still robust enough to consider returning further cash to members after reporting an underwriting loss and seeing its reserves shrink. Armand Pohan, chairman of the London-based protection and indemnity insurer, described the club's finances as "still strong" despite reporting a combined ratio of 116%, indicating an underwriting loss. Steamship
High capesize rates 'almost guaranteed' for next 50 days, says Hamish Norton Fully employed Vale fleet and lack of capesize tonnage in Brazil helping fuel summer bull run, says Star Bulk executive.
Okee Maritime closes in on fifth boxship purchase Growing German owner acquires another vessel from Leonhardt & Blumberg
Scorpio group companies opt to fit more scrubbers Pacific Green confirms contracts to install a further 25 scrubber systems on Scorpio's tankers and bulkers
Concern mounts as the US sets its sights on tankers President Trump's government appears to be using AIS data to enforce sanctions
Teekay team goes to hill and back to gain revenge on Heidmar Teams raise more than $62,000 for seafarers' charity by scaling all 24 mountains in the Lake District in less than 24 hours
Turkey's Yasa back at Hyundai Mipo for more MR newbuildings Turkish company continues impressive run of newbuilding orders in the Far East
US seizes MSC Gayane after $1.3bn drugs bust Unusual move shows 'serious consequences' of crew conspiracy, customs agency says
Wrist consolidates again with move for Van Hulle Danish ship supplier takes over Belgian rival as expansion drive continues.
Cantor Fitzgerald cuts Braemar Shipping Services with 'lumpier earnings' forecast Uncertainty over future results from Braemar Shipping Services' finance business and rising debt levels have contributed to a downgrade from Cantor Fitzgerald. Analyst Robin Byde has cut the London-listed company from buy to hold suggesting changes at the group have increased growth potential but potentially introduced lumpier earnings. Downing dials down holding in Braemar Shipping Services St
Nigeria introduces new anti-piracy law President Buhari signs bill giving country new powers in fight against criminal gangs
Second LNG carrier calls to load at Prelude FLNG Five support vessels shepherd the LNG carrier Methane Julia Louise alongside
Leading female broker at Lloyd's says sexism claims are distorted SSL Endeavour managing director of marine Gillian Martin says the criticism levelled at the 331-year-old market has got 'out of hand'
Nordic Hamburg takes another Schepers vessel Second Schepers vessel sold as low rates hamper recovery in smaller box sector
Skuld transfers its hull and machinery business to SMA unit Merged cover is being marketed as Skuld Hull as Lloyd's syndicate is run down
Subsea 7 lands 'sizeable' Equinor contract Norwegian owner to carry out work over three years in North Sea.
NYK orders newcastlemax bulker at JMU Newbuilding ordered against long-term charter contract from JFE Steel
Grace 1 could be forfeit in US courts after Gibraltar detention Lawyer Stephen Askins explains how the Trump administration could go about taking control of VLCC at centre of sanctions row
Three more Chinese shipyards eye merger China Merchants, CMIC and AVIC plotting tie-up following news of mega-merger between CSIC and CSSC
Enterprise targets suezmaxes with US terminal expansion US-listed terminal and pipeline operator also plans to boost LPG and PGP export capacity
West Africa remains world's top piracy hotspot, says IMB Over 80% of hostage taking or kidnapping occurred in the region in the first half of 2019
Schnelle takes top finance job at Team Tankers Acting chief financial officer sees position made permanent at Oslo-listed tanker owner
No clear answer for what's next with Huawei export controls Commerce Secretary Wilbur Ross said China's pursuit of U.S. military-grade technologies "cannot be tolerated and we are updating our export control policies to account for this very real threat."
Commerce seeks comments for counterfeits report Planned for this fall, submission of the report will follow an April presidential memorandum requiring the departments of Commerce and Homeland Security to send a report focusing on the extent to which third parties facilitate or work to combat trafficking in counterfeits.
Oakland port chief to retire Chris Lytle will step down as executive director of the Port of Oakland on July 19, ending a 53-year career in trade and transportation.
Grassley indicates fall as possibility for USMCA vote Several stakeholders, including the U.S. Chamber of Commerce, had called for a vote before the August recess.
Port Authority of New York and New Jersey unveils master plan Bistate agency strategizes on how to accommodate port growth over the next 30 years.
Panalpina announces war risk surcharge The freight forwarder joins a list of ocean carriers implementing surcharges that includes Maersk, Hapag-Lloyd, MSC, CMA CGM and APL.
China's Zhoushan Port targets 4 million mt bonded bunker sales in 2019 China's Zhoushan Port targets to supply 4 million mt of bonded bunker fuel in 2019 and raise it to 7 million mt by 2021, a senior executive with the Zhoushan city council said this week.
Oil futures surge as US Gulf operators shut in production ahead of storm The energy complex moved sharply higher Wednesday as operators shut in Gulf of Mexico production platforms ahead of the expected formation of a tropical storm off Louisiana's coast.
External: Global Risk Management
FEATURE: Climb in Asian LSFO prices attracts more supply, but premium over HSFO drops As a result of stockpiling, the value of LSFO has surged.
Singapore bunker premiums rise to 8-month high on tight supply, steady demand Market sources attributed the uptrend to tight prompt supply and slight improvement in bunker demand since June.
Kuwait's KPC sets AUG Asia KEC crude OSP at $1.40/b over Oman/Dubai average The company also cut the price of its heavier and sourer Kuwait Export crude loading in August.
Iran warns it will respond 'in the right place and time' to Gibraltar oil tanker seizure "This move will not remain without response," Major General Mohammad Bagheri, chief of staff of the armed forces, said.
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