Navy Shipyard partners with Sarcos Robotics Sarcos Robotics, a specialist in robotic systems that augment rather than replace humans, reports that it has partnered with Puget Sound Naval Shipyard (PSNS) & Intermediate Maintenance Facility (IMF) to evaluate and
DNV GL rolls out remote surveys for all ships in its class All vessels classed with DNV GL now have the possibility to utilize remote surveys for some inspections through the Veracity data platform. This means that for a range of surveys, a DNV
Bouchard promotes Martha Volgyi to crewing manager Melville, N.Y., based Bouchard Transportation Co., Inc. has promoted Marsha Volgyi to crewing manager. Prior to working at Bouchard Transportation Co., Inc., Ms. Volgyi worked for twelve years in the cruise shipping
New research makes case for workboat repower grants New research makes a powerful case for continued funding for EPA Diesel Emissions Reduction Act (DERA) grants and loans for projects that reduce emissions from existing workboat diesel engines. It also underscores
Maersk Supply SSV awarded walk to work contract Maersk Supply Service reports that it has won its second walk to work contract for Total Denmark. The Stingray class subsea support vessel (SSV) Maersk Involver, has been fixed for 161 days to
Grimaldi ship still burning after fire in a container quickly spread Italy's Grimaldi Group said on Monday night that a firefighting tug was trying to extinguish the blaze, after which the...
BP unveils new 0.5% fuel supply The very low sulphur fuel oil will be available in various locations across the globe ahead of 2020
CMA CGM loses general average case after boxship deemed unseaworthy Clyde & Co - which acted for claimants - describes outcome as 'significant judgment' that highlights need for shipowners to ensure accurate...
Blockchain faces hurdles before widespread adoption As the salespeople for distributed ledger technologies try to make their case for adopting their products, they must convince other...
DNV GL to conduct remote surveys The service is now available for all DNV GL-classed vessels for specific types of surveys
Blackstone invests in marine terminal operator Carrix The deal gives Carrix a long-term partnership with the Blackstone Infrastructure Partnership, which has support from Saudi Arabia's sovereign wealth...
Marine gasoil demand to double on IMO rules, says IEA New IEA projections suggest new 0.5% fuels will only lead the market in five years and heavy fuel oils will...
Shipyard consolidation slowly removes excess capacity News that South Korea's HHI has reached agreement to take over rival DSME should remind us that shipping is becoming...
Pacific Basin chief wants to expand The shipowner says it will avoid contracting newbuildings owing to their high price and low return. New vessels are also...
Brazilian soyabean exports face logistics challenge Low stockpiles at ports may lead to a drop in export fixtures in the coming days, warns Jefferies
Clarksons confident about long-term outlook The shipbroker maintained profits in 2018 but warns that fluctuating external circumstances will persist this year
Rongsheng Heavy shipbuilding assets sold to Unique Orient Huarong says the arrangements will allow it to alleviate its financial burden and focus on its oil production business
Face to face with the future Per Martin Tanggaard, the Director of Nor-Shipping, says there's still no substitute for doing business the 'old fashioned way', even...
Too early to bill LNG a success in US-China trade talks China still has to weigh US LNG against options available in Qatar, Australia and Russia, and given tense bilateral relations...
BW Offshore takes control of Maromba field The Maromba field fits in with BW Offshore's E&P strategy of phased development in a country it already operates in...
Keppel reels in second Awilco Drilling semi-sub rig deal The deal is the second of three options to build similar rigs that Awilco Drilling signed in 2018 which will...
Trump names Khouri as permanent FMC chairman Michael Khouri's stint as head of the maritime regulator began in January 2017, while the Federal Maritime Commission Authorisation Act...
Pacific Drilling posts fourth-quarter loss Company saw $1.8bn loss during restructuring.
BNY Mellon slashes Ardmore holding Bank of New York Mellon has cut its position in Ardmore Shipping Company by more than a three-quarters of a million shares. According to Securities and Exchange Commission filings, the New York-based bank sold 831,270 shares 28 February, cutting its ownership in the Irish tanker owner from 5.88% to 3.91% after buying in on New Year's Eve. Ardmore plots patient growth plan in land of listed giant
Cruise industry looks to MGO, LNG and scrubbers to meet IMO 2020 Scrubbers and LNG are not best answer to compliance, environmentalists say
Grimaldi ro-ro catches fire off France Master ordered crew to abandon ship in fear of winds fueling blaze.
Carnival fuels confusion over its Arctic bunkers Arnold Donald-led company says it has been burning low-sulphur fuel in the sensitive region for more than two years
US Supreme Court to rule on seafarer's damages case If seafarers are allowed to seek punitive damages, owners could face 'stifling' legal risks, industry groups say
East Coast port upgrades may benefit CSX, Norfolk Southern Terminal projects in Virginia and Halifax could boost demand for intermodal service, Deutsche Bank's Amit Mehrotra says.
Green group urges cruise industry to set example Carnival Corp 'sets the standard' for the public-facing sector, says Stand.earth senior shipping campaigner Kendra Ulrich
Baltic Exchange under fire from anonymous Twitter campaign The Baltic Exchange has come under fire from an anonymous Twitter account, which has accused the institution of manipulating its markets and rigging indices to benefit charterers. It remains unclear as to whom the Twitter account belongs, but in various tweets ActionBaltic has said it does not trade and has denied being backed by FFA trader the Paralos Fund, which has previously criticised the Ba
Whale smash injures 80 on ferry A Japanese fast ferry has hit what is believed to be a whale, injuring 80 people. Sado Steamship has apologised for the incident in the Sea of Japan on Sunday, according to Kyodo News. Six of the passengers were seriously hurt in the collision with a "marine animal", the shipowner said. The jetfoil suffered damaged to its hull and machinery. A crew member told NHK TV that he had seen a "large
SK Shipping scraps capesize South Korean owner SK Shipping has sold a capesize for scrap. The 150,000-dwt Compromise (built 1994) has gone "as is" in Beihai, China, for $7.6m. P&I clubs declare SK Shipping 'free business' The ship was purchased by SK in 2009 for $29.1m as the K Promise, and is due for special survey in May. SK Shipping did not respond to requests for comment. The owner last sold a capesize for demolitio
Filipino seafarer electrocuted on tanker A Filipino crewman has been hospitalised after suffering electrocution on a tanker off Vietnam. Vietnam Net reported that the seafarer was brought ashore at Nha Trang City from the 7,900-dwt Penyuan (built 2009) on Sunday. Romeil Orbit Murillo, born in 1989, was the subject of a medical request for help while the vessel was en route from Ho Chi Minh City to China. Authorities instructed colleag
DNV GL rolls out remote surveys Classification society DNV GL has made remote surveys available to all its vessels. The Norwegian company said the technology can be used for certain inspections through its Veracity data platform. A DNV GL surveyor will not be required to travel to the vessel in these cases. These include occasional surveys that fall between periodical surveys, documentation-based surveys, testing and witnessi
Cosco unveils online freight platform China's largest shipping conglomerate is to launch a website for online freight transactions in coastal bulker shipping.
Scorpio Bulkers sells two kamsarmaxes The sales will improve the company's liquidity, according to its chief executive
Authorities ready to play hard ball on IMO 2020 As the clock ticks down, port state control organisations round the world are making sure they are ready for the new sulphur limit on bunkers
DryShips reveals $34m valuation on Heidmar stake George Economou-owned company's calculation of pools giant's worth is in line with 2017 estimate
Defective passage plan made CMA CGM boxship unseaworthy UK court sets new precedent as cargo owners resist general average claim from 2011 grounding.
Tufton Oceanic raises $50m for more buys UK-based Tufton Oceanic Assets has banked $50m from a stock sale. A total of 49m shares were placed and will trade on the specialist fund section of the London Stock Exchange from 14 March. Tufton Oceanic linked to bulker sale Tufton Oceanic Assets targets $75m from latest capital raise The deal, launched in February, was aiming to raise $75m and take the owner's fundraising in London to almos
Aker BP fixes Eidesvik PSV on 12-month contract One of Eidesvik Offshore's platform supply vessels has been fixed to Aker BP on a 12-month contract in Norwegian waters. The 6,200-dwt Viking Lady (built 2009) will begin work immediately on the contract, which Eidesvik said may be extended. Neither the contract's value nor its extension options were disclosed. Three Norwegian owners win PSV frame deal with Aker BP "We are very pleased that Vi
PDVSA: "We are still working with BSM" Venezuelan oil company PDVSA says it is still working with Bernhard Schulte Shipmanagement (BSM) despite reports the German company is taking crew off 10 managed tankers. PDVSA declares maritime emergency Reuters cited internal PDVSA documents as saying last week that BSM had notified it that it would return operation of 10 of 15 ships it handles for the company. The oil producer's shipping arm
BP Marine to sell low sulphur fuel, announces sites BP Marine will begin selling very low sulphur fuel oil at locations worldwide ahead of the IMO 2020 regulations. The fuel will be compliant with the regulatory body's 0.5% sulphur cap, set to kick in next year. BP said the fuel was trialed at its Amsterdam/Rotterdam/Antwerp (ARA) and Singapore hubs. Authorities ready to play hard ball on IMO 2020 Seabury Maritime reveals IMO 2020 cost calculati
Tufton Oceanic linked to bulker sale UK-based Tufton Oceanic is reportedly selling two bulkers. The Oshima-built 61,000-dwt Malmo (built 2010) and Melbourne (built 2011) have fetched $33m en bloc, according to European and US brokers. Some said the price may be as high as $34m. Tufton Oceanic bought the duo in September 2016 for $28.5m. Some reports said the pair have gone to Hong Kong-listed Pacific Basin Shipping. This expandi
Second Maersk vessel wins walk-to-work contract with Total Maersk Supply Service's newest vessel has won a contract supporting the maintenance of an offshore platform in Danish waters of the North Sea. The subsea supply vessel Maersk Involver, which was delivered from Cosco Dalian in November 2017, has been fixed to Total Denmark for 107 days, commencing in April. The 107-metre vessel will provide walk-to-walk and accommodation services while maintenanc
KCC appoints IPO advisors Norway's Klaveness Combination Carriers (KCC) has moved its Oslo IPO forward with the appointment of advisors. It said ABG Sundal Collier, Clarksons Platou Securities and SEB Corporate Finance have been retained in connection with the listing. KCC clears the way for share issue ahead of IPO KCC hit by Brazilian alumina plant force majeure KCC added: "In connection with the contemplated listing
Bowsher puts his stamp on the West of England After raising premiums, chief executive is ready for diversification
Rotors predicted to double fuel savings on deepsea routes Voyage optimisation is the key to getting the best out of wind-assisted propulsion, studies show
Peter Anker leaving Clarksons board Shipbroker Peter Anker is resigning as a Clarksons director in the summer, but will stay on in a part-time role. The company said the executive said he wanted to retire from full-time employment when he turns 62 in July. Anker and Nergaard sell additional Clarksons shares He will not be standing for re-election to the board in May. Chairman Bill Thomas said: "Peter has invested a huge amount o
Bahri tanker in collision with naval ship A Bahri tanker has been involved in a collision with a naval ship in Taiwan. The Central News Agency (CNA) reported that the navy will pursue compensation after the incident involving the 45,000-dwt chemical carrier NCC Sama (built 2012) and the frigate FF-938, which was damaged in the middle of its port side on Saturday in Keeluing. Nobody was injured, but the ministry of national defence said
Clarksons profit down slightly after tough start UK shipbroking giant Clarksons has announced a slightly weaker profit after a challenging start to 2018. Net earnings were £32.7m ($42.48m), from '34.4m the year before, with revenue growing to '337.6m against '324m. Administrative expenses were up at '282m versus '269m in 2017. Andi Case: 'Time to look seriously at tankers' The company said the "robust performance" was in line with expectatio
Insolvent Tosmare Shipyard up for sale The insolvency administrator of Latvia's Tosmare Shipyard has put its assets up for sale for EUR 2.163m ($2.44m). A notice on its website says the sale includes two drydocks, a floating dock and shipbuilding and repair equipment in Liepaja. A court had declared the yard insolvent in August last year, according to Dienas Bizness. Creditors are claiming EUR 4.16m. The yard was founded in 1900.
Taiwan Navigation firms up kamsarmax newbuildings Shipowner puts pen to paper on orders first reported by TradeWinds in December 2018.
BW Offshore agrees to acquire stake in Brazil oilfield Singapore FPSO operator says Maromba has potential to create "significant value" for shareholders.
Norway's Awilco books repeat drilling rig order at Keppel Oslo rig owner said option exercised on the back of "growing demand" for harsh environments rigs.
USMCA nations united on labor, environment provisions People involved in U.S.-Mexico-Canada Agreement negotiations for all three countries on Friday gave a ringing endorsement of the pact's labor and environmental provisions, a hot topic as Congress expects to consider the deal in the near future.
Alibaba buying $693 million chunk of delivery company E-commerce giant Alibaba says it will deepen collaboration with the parcel delivery company STO Express
'Hardship' cited with new CBP form deadline The NCBFAA responded with alarm to Customs and Border Protection's March 16 mandate to use the new "create/update importer identity form."
Hyundai Heavy inks deal to buy Daewoo Under the terms of the deal, Korea Development Bank will transfer its Daewoo stocks to a subholding company to be established by Hyundai Heavy in return for equity stake in the company.
Utah senator introduces Jones Act repeal bill Republican Sen. Mike Lee's Open America's Water Act would open U.S. domestic waterborne commerce to "qualified," non-U.S.-flag vessel operators.
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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