Global offshore wind regulators meet in NYC In another indication that the U.S.offshore wind industry is off the starting blocks, the U.S. Bureau of Ocean Energy Management (BOEM) yesterday hosted the first meeting of the Global Offshore Wind Regulators
South Africa approves scrubber use The Clean Shipping Alliance 2020 (CSA 2020) has welcomed a decision by the South African Maritime Safety Authority (SAMSA) to accept all types of approved exhaust gas cleaning systems (EGCS), or scrubbers,
Royal Caribbean orders fifth Edge class cruise ship Royal Caribbean Cruises Ltd. (NYSE: RCL) today announced that it has entered into an agreement with French shipbuilder Chantiers de l'Atlantique to order a fifth Edge-class cruise ship for delivery in the
ABB and SINTEF cooperate on plan to convert ferry to battery hydrogen hybrid ABB and SINTEF Ocean are cooperating with Norway's Fiskerstrand shipyard on a project that plans to convert an existing ferry to run on a combination of batteries and hydrogen fuel cells. The
Scrubber-equipped Suezmax goes to work for BP Athens headquartered tanker operator Top Ships Inc. reports that its scrubber-fitted Suezmax M/T Eco Bel Air, recently delivered by the Hyundai Samho shipyard in South Korea, commenced time charter employment with BP
Vigor to build Camarc pilot boat pair for Port of LA The Port of Los Angeles has recently awarded Vigor a contract to build two 56' pilot boats. The boats are being built to a design by Camarc Design of the U.K. and
Owners and operators 'gambling' on future fuel price spread Eastern Pacific Shipping commercial director Thomas Hansen says that a scrubber-fitted fleet can be used by major liner shipping carriers...
LNG could cut emissions by up to 21% Study finds LNG can reduce tank to wheel GHG emissions by up to 28% in two-stroke engines
Thomas Miller German affiliate makes fixed premium P&I insurance Brexit-proof 'Hanseatic have rearranged security structure with effect from April 1. This was part of integration process with Thomas Miller and...
Brexit will hit UK seafarer jobs, warns Nautilus UK seafarer numbers were down 1% in 2018, while the numbers of officer cadets and uncertificated officers have fallen ...
PSA International ties with Israeli tech accelerator PSA International is looking to scout, screen and invest in promising start-ups in its latest tie-up with an Israeli business and...
Pacific Basin confident of supramax and handysize market in the long term Hong Kong-listed dry bulk owner says IMO 2020 will lead to a contraction in supply and potentially more scrapping
Stephenson Harwood appoints two new shipping partners Tom Adams based in London and Stuart Burrell is based in Seoul
Dry bulk charterers shun ownership Industry agribusiness giants have no intention of changing their current business models and expanding fleet ownership as costs of ships...
Yang Ming charters four more 11,000 teu boxships Yang Ming has extended its order for 11,000 teu newbuildings in line with the company plan to gradually replace some...
Scrubber investments challenged by recent fuel price spread Shipowners generally invest in scrubbers because they expect price spread between dirtier and cleaner fuels to dramatically widen but there is no...
Viewpoint: Too clever by half The sales hype around AI in the shipping industry overlooks complaints from pilots about systems that have a mind of...
Port of Mobile promised new tax funds to retain competitive edge The existing depths and widths of the Mobile Shipping Channel limit vessel cargo capability, restrict many vessels to one-way traffic...
The Lloyd's List Podcast: Day 2 - Live from Singapore Maritime Week The technology discussion may finally be morphing into a pragmatic conversation about the realities of the industry as it is...
It's Chalos v Chalos in Texas shootout Maritime law's favourite father-and-son team not seeing IMO 2020 enforcement quite the same way.
Jones Act proponents fire back at Cato billboards The libertarian think tank's billboards are "pathetic" according to one
Positive reviews send Scorpio Tankers shares skyward Scorpio Tankers stocks are up more than 8% in midday trading Thursday after getting the thumbs up from analysts this week. Wednesday, Morgan Stanley's Fotis Giannakoulis bumped the Emanuele Lauro-led shipowners price target up from $25 to $27. Carnegie tips Scorpio Tankers stock to shine as supply growth hits 20-year low in 2020 Scorpio Tankers registers stock from sister play Early Thursday m
Coast Guard: scrubbers not 'long term' answer in ports Commander tells Heidmar Houston forum that disposal of effluent from closed-loop units may not have disposal options in US ports over time.
Expedition cruise sector: We must protect environment Sector has to be 'very conscious' of impact of sailing ships and passengers to fragile ecosystems, says Ponant Americas CEO Navin Sawhney
Mozambique LNG builds its shipping team as FID nears Anadarko-led Mozambique LNG has filled three key positions on its expanding shipping team as the East African project nears a final investment decision (FID). Erick Weston, who is general manager LNG Shipping for Mozambique LNG, told TradeWinds that the company now has a team of eight working on the shipping business for the 12.88-million-tonne-per-annum project, which is expected to require at l
China delivers blow to John Koo's bulker order at Wuhu New restriction by the state has resulted in the Chinese shipyard losing newbuilding deal worth $240m
Second rudder 'stash' found onboard Teekay LNG carrier Cocaine discovered on Hispania Spirit where four years earlier same substance was accompanied by a stowaway
Flex LNG chief executive Oystein Kalleklev says its fleet is 'best on the menu' John Fredriksen-controlled Flex LNG is taking an open approach to its chartering strategy as it markets its nine open newbuildings. Chief executive Oystein Kalleklev, who spoke to TradeWinds at the LNG2019 meeting in Shanghai, said the company sees there are three uncommitted LNG newbuildings delivering this year of which Flex controls two of them. Flex LNG linked to Chevron charter in flurry of
South Korean court issues temporary protection order for Dong-A Tanker Dong-A Tanker has received temporary protection from the Seoul Bankruptcy Court. Bae, Kim & Lee (BKL), the law firm representing the shipowner, confirmed the court protection. "Dong-A Tanker has been granted with interim protection," the firm said. "That is a stay order prohibiting all enforcement, provisional attachment, provisional disposition or auction for execution of mortgage by any credi
Trafigura takes Sandong Landbridge VLCC newbuilding on $40m charter Trafigura has locked in a Shandong Landbridge-controlled VLCC newbuilding into a three-year charter worth $40m over the course of the contract. European brokers said the Geneva-headquartered trader has chartered a 305,000-dwt tanker set for delivery next year to the Chinese shipowner for $36,500 per day. The ship is believed to be scrubber fitted, which is believed to have helped push up the d
Pantheon Tankers mulls first newbuilding order in China Greece's Pantheon Tankers is in advanced talks to order up to four aframaxes at Shanghai Waigaoqiao Shipbuilding (SWS), in what would be its first newbuildings in China. Both companies declined or were not immediately available to comment on reports that they have already signed a letter of intent (LOI). The order would be for two firm and two optional units at SWS at a price of nearly $44.8m p
Seafarer killed in knife fight off India A cook has been killed in a knife fight on a cargoship off India. The body of Yemeni national Abdul Hakim Mohsin, 54, was placed into the vessel's deep freeze following the incident, the Times of India reported. The 7,100-dwt Oasis III (built 1981), the former Yas, previously owned by Galaxy Fleet, left Yemen on 24 February. It was en route to breakers in Alang and arrived on 7 April. The inci
SEA\LNG and SGMF unveil results of 'well-to-wake' study Independent consult's research reveals that using LNG as a marine fuel cuts shipping greenhouse gas emissions by up to 21%
Tanker captain tells of migrant hijacking ordeal A captain has told a Maltese court how migrants seized control of his bunker tanker after they were told it was going to take them back to Libya. Three youths from Guinea and Ivory Coast aged 15, 16 and 19 are charged with hijacking the 846-dwt Elhiblu 1 (built 2015) last month. Windward raises questions over migrant 'hijacking' of ship Malta recaptures tanker seized by migrants It is alleged
Mount Street ups its game in shipping with Aaron Sen-led team of former bankers Loan servicer expands shipping desk, with 15-strong team primed to manage billions of euros of debt
Uniper closes in on its Q-Max FSRU for Wilhelmshaven Trader poised to ink contracts on German import facility as its LNG and shipping portfolio grows
Mount Street leads well-timed move in German debt market It is barely 18 months since Mount Street emerged as a major player in the shipping loan market. That followed its purchase in late 2017 of EAA Portfolio Advisers (EPA) - the portfolio management arm of "bad bank" assets formerly held by German state-backed lender WestLB. The takeover saw Mount Street - a debt management firm formed by ex-Morgan Stanley executives - inherit a team of 90 WestLB b
Grain giants lukewarm on ship asset investments Using FFA markets as a gauge for earnings prospects, some of the world's largest bulker charterers think newbuilding prices are too high for asset investments.
Rosneft confirms deal for pilot Arctic 2 LNG carrier Rosneft has confirmed the first LNG carrier contract signing for Novatek's Arctic 2 LNG project. It said its Zvezda Shipbuilding Complex has finalised a deal to build the pilot vessel for state shipowner Sovcomflot, with the newbuilding due in the first quarter of 2023. Sovcomflot signs for first Arctic LNG 2 carrier "The pilot gas carrier vessel for Arctic LNG 2 will meet the design requiremen
Culture clash forced Christian Andersen's exit from Avance Gas John Fredriksen acknowledges executive from minority shareholder Stolt-Nielsen not a fit for company controlled by Norwegian tycoon
Nord/LB establishes 'bad bank' in order to depart shipping Bank heads for the door after obtaining state guarantee on shipping loans
Former BW man Brosnan back in UK with Cambiaso Risso Former BW Group insurance manager James Brosnan has returned to broking, this time for Cambiaso Risso in London. Brosnan made his name in Asia, winning big protection and indemnity and hull discounts in Singapore for the huge fleets of BW Group, and before that at MISC Berhad in Kuala Lumpur. Cambiaso Risso sold to Siaci Saint Honore in marine broking tie-up However, he left BW Group last summe
Transmed sales talk around four ex-Konig suezmaxes A quartet of suezmax tankers operated by Navig8 may have found a buyer. The four ships being offered for sale, all built at Hyundai Heavy 'Industries, are the 159,200-dwt Cape Bonny, Cape Bari, Cape Bastia and Cape Brindisi (all built 2005). They used to be in the fleet of Germany's Konig & Cie, which was taken over in 2016 by 'rival HCI Capital. According to brokers in Athens and London, they
Tribunal backs "freedom of the seas" in tanker arrest case The freedom of vessels to operate at sea without interference from foreign governments has been reinforced by an international tribunal ruling. The International Tribunal for the Law of the Sea (ITLOS) backed Panama in a case involving the arrest and detention of a bunker tanker by the Italian state 21 years ago. ITLOS, an independent judicial body established by the United Nations Convention on
Shearwater scoops Shell survey deals Norwegian owner Shearwater GeoServices has clinched a multi-project seismic survey deal from Shell. The contract covers 3D and 4D data acquisition in four separate surveys. Three of these are in the North Sea and the other off the coast of Western Australia. The work involves five vessel-months in 2019. In the North Sea, the 4,200-dwt Polar Empress (built 2015) will execute a 4D survey on the
Pacific Basin reveals new bulker buys as rates fall Hong Kong owner Pacific Basin has struck deals to buy three more second-hand bulkers as its fleet expansion drive continues. It said: "In the year to date, we have committed to purchase for cash a further three modern second-hand supramax vessels which are scheduled to deliver over the next three months." These acquisitions will increase the owned fleet to 115 by July, but the company told Trade
South Africa approves all scrubber types The South African Maritime Safety Authority (SAMSA) has approved the use of all kinds of scrubbers in its waters. The decision was welcomed by shipowners' organisation The Clean Shipping Alliance 2020 (CSA 2020). IMO 2020: Singapore could jail non-compliant owners and masters In an IMO 2020 advisory notice, SAMSA said open-loop, closed-loop or hybrid systems are accepted until further notice.
Newport SA has Transocean Maritime Agencies panamax in its sights Newport SA, a low-profile Greek company, is believed to be close to acquiring its fourth bulker in 16 months. Brokers in Athens and London said the George Chatzis-led company has purchased the 76,900-dwt Ascanius (built 2004) from Transocean Maritime Agencies. It is believed to be fetching between $8.5m and $8.7m. New Greek player appears on dry bulk horizon The price tag falls within the $8.2m
Transman Shipmanagers sells last boxship to ER Capital Move comes despite German shipowner's 'disenchantment' with shipping
Hoegh LNG sets sights on multiple FSRUs for China Norway's Hoegh LNG believes China will install several more floating storage and regasification units along its coastline as the country's LNG imports grow. Company president and chief executive Sveinung Stohle said: "I have a very strong view that there will be a need for more import capacity in China and that will be covered in part by FSRUs." He added that FSRUs are a likely import solution f
Belships snaps up EGD ultramax with new share issue Oslo-listed Belships has bought its second bulker this month in a deal with compatriot Espen Galtung Dosvig's EGD Ultra Eco. The 63,000-dwt ultramax Sofie Victory (built 2016) is costing $24.15m from Sofie Victory AS, in which EGD has an 80% stake. Belships dismisses reports of second bulker buy in two weeks Belships buys first bulker since merger with swoop for Wenaas Shipping supramax The ot
KfW IPEX-Bank lending jumps to $20bn German export and project specialist KfW IPEX-Bank has cut loan provisions as profit rose in 2018. New commitments reached EUR 17.7bn ($19.97bn) from EUR 12.1bn in 2017. Earnings rose to EUR 537m, from EUR 469m, while risk provisions shrank to EUR 5m from EUR 78m. KfW inks Royal Arctic newbuilding finance deal New commitments were EUR 0.7bn, down from EUR 1.7bn, for bank refinancing under the
BRS tells a tale of two halves for crude tankers Earnings are set to rebound from July on more longhaul shipments and IMO 2020 despite dismal market conditions during the first half of 2019.
Cosco orders ro-pax pair at GSI Nansha China's Cosco Shipping Ferry has inked a deal for two new ro-paxes. It has contracted the 43,000-gt, 1,370-passenger vessels at GSI Nansha, brokers said. They are due in March and August 2021. No price has been revealed. The company is part of China Cosco Shipping. The group also ordered four 62,000-dwt multipurpose ships at Cosco Dalian last month.
Authorities draw up plans to refloat sorry Solomon Trader Insurers of the grounded 73,600-dwt panamax bulker Solomon Trader (built 1994) are working on a plan to refloat it from a reef off Rennell Island in the Solomon Islands. The vessel has been aground with 11,000 tonnes of bauxite onboard since it was caught up in Cyclone Oma on 5 February. TradeWinds understands that plans are being drawn up by third-party liability insurer Korea P&I Club, salvor
Trio of BW LR2s head for time charters under Hafnia banner Three of six LR2 tanker newbuilds ordered by BW Group - and now run under the Hafnia Tankers banner - appear poised for time-charter employment as the shipowner takes delivery of the vessels. The first three of the 115,000-dwt ships have now been delivered and shipbroking sources in Europe claim Hafnia has put them out on 12-month charters. The BW Larissa has been fixed to Cargill at $22,500 pe
Peter Weernink sets his sights high with 'large-scale' comeback venture Peter Weernink is plotting rapid and ambitious expansion of his new dry cargo venture after 'returning from a year on the 'sidelines with a project backed by some of the biggest names in 'shipping. Weernink this week launched Singapore Marine, which will 'focus on bulkers from post-panamax through to capesize, after 'securing $105m in investment. Peter Weernink assembles all-star shipping invest
Wisdom Marine quadruples 2018 profit Taiwanese owner Wisdom Marine has quadrupled earnings in 2018 as revenue rose. The bulker and boxship player said net profit to 31 December was TWD 1.8bn ($58.39m), compared to TWD 418m in 2017. Revenue increased to TWD 13.06bn against TWD 11.03bn, and operating costs rose more slowly at TWD 9.43bn versus TWD 9bn. Last week, the company unveiled plans to raise almost TWD 2.19bn from the sale of
Yang Ming seals deal for boxship quartet with Shoei Kisen Taiwan's Yang Ming has signed a deal to charter four more boxships from Japanese owner Shoei Kisen. The 11,000-teu vessels will be delivered in the first three quarters of 2022. "In order to enhance the company's mid- to long-term operational efficiency and competitiveness, Yang Ming continues its fleet optimisation plan during recent years," it said. Yang Ming had already agreed to take 10 sis
Drones set to be maritime game changers, but hurdles remain Unmanned aircraft offenders face hefty fines and potential jail sentences in Singapore, warns M3 Marine.
Maritime sector needs to work together to combat cyber "packs" Shipping industry cannot afford to become complacent over cyber-security, warns industry expert.
Witnesses say harbor maintenance funding 'crucial' The House Water Resources and Environment Subcommittee also received requests Wednesday for the same cost share for inland waterways that was set up for deep draft ports.
NCBFAA president: Expect more CBP enforcement U.S. Customs and Border Protection increasingly is using data to perform "predictive analytics" to more precisely target violations that may occur in the import entry process.
Shipping should be on 'red alert' for cyber risks Head of Israeli maritime security firm Naval Dome says the "maritime sector is being targeted by highly motivated cyber criminals."
Truck driver shortage may reach 900,000 by 2027
Singapore remains top maritime capital
Executive Moves: Port Freeport and Transervice Logistics
FM Logistic breaks ground on Bac Ninh facility
TOC speakers argue lifting block exemption won't help
Maersk building Nansha consolidation, distribution center
Analyst doesn't buy dire fuel price predictions
SAS Cargo delivers pandas to Copenhagen Zoo
Virgin Atlantic Cargo reports best volumes since 2010
US oil and gas rig count drops by eight on the week to 1,090: S&P Global Platts Analytics The US oil and gas rig count dropped by eight on the week ending Wednesday to 1,090, resuming a five-month general downward creep even as oil prices remain in the low $60s/b, according to S&P Global Platts Analytics.
Brazil-Singapore arbitrage contributes to European FO tightness Flows of Brazilian low sulfur fuel oil with lower viscosity material bypassed Europe in March and April so far, as the arbitrage to send product to Singapore proved to be more economical.
FEATURE: Singapore fuel oil onshore tanks fully leased in bid to tackle supply glut "We were considering to take up storage, but the tanks are all occupied now," a trader said.
FUTURES 5: Oil prices pull back amid demand growth concerns Crude prices pulled back from five month-highs Thursday as the market searched for fresh indicators amid creeping demand growth concerns and a large build in US stocks.
US DATA: EIA says Jan residual fuel oil exports to Panama tripled on year US residual fuel oil exports to Panama totaled 943,000 barrels in January, up more than three times from 303,000 barrels in the year-ago month, Energy Information Administration data showed Thursday.
Hamburg dredging works to start in Q2, larger ships to be able to enter port The German waterways and shipping authority (WSV) awarded the contract for dredging operations on the river Elbe to Nordsee Dredging International, a subsidiary of the Belgian DEME group, with works expected to start in Q2 this year, a press release from WSV said.
IEA highlights demand concerns amid oil market tightness Uncertainties in Argentina and Turkey loom and higher oil prices had not yet given the Middle East economies a boost in demand.
TRADER NOTE: Middle distillates trader Yu Xiaoping leaves Winson Oil Prior to this, Yu was with JP Morgan in a similar capacity.
TRADER NOTE: DFDS' Peder Gellert Pedersen joins Monjasa board Pedersen continues his responsibilities at DFDS, a spokesman for Monjasa said.
TRADER NOTE: Gulf Oil Marine CEO Keith Mullin retires David Price will be taking over as CEO effective May 14.
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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