Chartwell to design hybrid for U.S. East Coast operation Back in October last year, U.K. naval architectural consultancy Chartwell Marine unveiled a crew transfer vessel design aimed at the U.S. offshore wind market (see earlier story). Now the firm reports that
Turning off AIS just became an even bigger no no P&I insurance broker P. L. Ferrari & Co. is warning that the U.S. Treasury is strengthening its controls and surveillance to identify ships trading to sanctioned countries or areas. And that makes
Danfoss names John Sheff as Public and Industry Affairs Director Danfoss has announced the appointment of John Sheff as its new Director of Public and Industry Affairs for North America, succeeding Mark Menzer who retires in July. Sheff previously was Business Development
USACE awards $17 million contract for Mississippi lock improvements The U.S. Army Corps of Engineers, St. Paul District, has awarded Kraemer North America, LLC, Burnsville, Minn., a $17 million contract to carry-out tow rail rehabilitation projects at six Mississippi River locks
ABB Tekomar XPERT upgraded for fleet-wide use ABB Turbocharging has upgraded its digital platform ABB Ability Tekomar XPERT, for use on a fleet-wide scale. Offering an easy-access web portal interface, Tekomar XPERT for fleet provides accurate insight into engine
Qatar shipyard carries out 200th LNG carrier drydocking Nakilat-Keppel Offshore & Marine (N-KOM) recently completed its 200th LNG vessel repair at Qatar's Erhama bin Jaber Al Jalahma Shipyard. The milestone drydocking involved the 135,295 cu.m LNG carrier Al Kho, chartered
DTU plans replacement research vessel Denmark's National Institute of Aquatic Resources, DTU Aqua, urgently needs to replace its aging research vessel R/V Dana IV. The ship will face its 40 year class survey at the end of
Sovcomflot to roll out VSAT solution from Orange Russia's largest shipping company, Sovcomflot, is to equip an advanced maritime VSAT solution from Paris-headquartered Orange Business Services solution on eight vessels. The first ships to receive the solution during this initial
Helm Connect passes 4,000 vessel milestone Victoria, B.C., headquartered marine operations software company Helm Operations reports that more than 4,000 vessels are now using its asset management and operations platform, Helm Connect. Since its launch in July 2016,
Max Johns stands down at VDR The existing management team, including chief executive Ralf Nagel and managing director Martin Kröger, will take over the responsibilities of...
Trafigura boosted by oil and products trading unit But Geneva-based commodities trader noted a drop in gross profit from its metals and minerals unit
Performance Shipping moves into tankers with Maersk aframax brace Close observers of the company have been expecting moves towards diversifying ever since last year's change of corporate title
Baltic tanker earnings slump even as Russian exports climb German and Polish diesel and gasoil imports hit a 17-month high in May
Iran condemns attack on tankers off UAE Iran has raised its concerns at the International Maritime Organization after a report linked the attack to the involvement of...
Dry bulk market 'on brink of misery' Net dry bulk fleet growth is expected at 3.1% this year and another 3% next year, worsening the fundamental market...
Court ruling backs owners in deck cargo disputes The English High Court has recently confirmed the position on the carriage of deck cargo and the operation of exclusion...
Three killed in blast on tanker at Russian port The explosion took place in the engine room at 0430 hrs Moscow time, according to a company statement
ONE opts for Navis' cloud-based stowage platform Japanese carrier will also upgrade its stowage planning tool to Navis' StowMan Stowage
Trade war tensions paint bleak picture for box trades Higher import costs will dampen demand at a time of already slowing economic growth
Southeast Asia OSV players living off scraps While there are risks to going into the Middle East, this seems preferable to staying put in Southeast Asia and...
Daily Briefing Credit Suisse remains top lender to Greek shipping | DryShips takes control of Heidmar | China export tariffs will have...
SIPG to issue $700m bonds in Hong Kong The proposed bonds have won an A1 rating from Moody's, supported by SIPG's baseline credit assessment and the backing of...
Shell's Prelude FLNG ships first cargo Prelude FLNG is the last project in Australia's greenfield LNG boom to start production and will need to ramp up sooner...
Port of Oakland shrugs off tariff fears as agriculture exports rebound Still, the port said, its agricultural exports to China rose by 5%, despite the current impasse between Beijing and Washington...
Container group in push for reefer telematics standards Container Owners Association seeks to develop interoperability of device data from different solution providers
Genco, Star Bulk tipped to ride second-half capesize recovery Analysts see shipowners with heavy capesize fleets seeing higher upside potential.
Globus narrows loss on outside investment Private investor in March bought $5m in debt from New York-listed owner.
PL Ferrari cautions shipowners over 'going dark' P&I broker urges owners to think twice before switching off AIS, as US says blackouts give cover to rogue traders
Fjord1 begins another share buyback scheme The ferry company will spend up to $1.2m on shares, which will be used to reward employees.
Performance Shipping makes tanker play with aframax pair Boxship owner enters oil transport arena with former Maersk Tankers duo.
Frendos' bond-financed venture moves into MRs New Maltese company emerges as destination of Team Tankers vessel
James Jang heads over to Aegis Capital Shipping analyst previously covered dry bulk and tanker sectors at Maxim Group.
Aqualis investors approve Braemar merger Shareholders give green light for broker to become biggest owner of offshore consultancy.
Cargill polishes eco credentials with further bulker emission cuts Trading giant reduces CO2 fleet footprint for the second year running.
Tokio Marine takes on Skuld man to head marine liability Tokio Marine HCC is to bolster its marine liability division with the appointment of Paul Knighton as an underwriter. Knighton is joining Tokio Marine from Norway's Skuld, where he was head of marine cargo and property. Barbican's Syndicate 1955 quits marine insurance business More than $380m wiped off P&I mutuals' free reserves He has previously been a broker and underwriter in marine liabili
Navig8 Group spins off its shipmanagement operation Former Selandia owners step in to acquire 40-ship fleet.
BW says LPG is an 'under-communicated possible future fuel' Yngvil Asheim says the commodity has similar environmental benefits as LNG, but is easier to handle
Companionship draws mariners to a home from home at Mission to Seafarers Revamped Tilbury centre opens its doors 24/7 to crew regardless of religion or nationality
Myklebust says US-China trade war is hitting vehicle makers' inbound logistics stream Hoegh Autoliners CEO also says environment was behind decision to eschew scrubbers
Trafigura hails 'strong' first half Trading and shipping giant Trafigura Group has logged what it calls a "strong" performance in its first six months, as it focused on quality not quantity. In the six months to 31 March, net earnings reached $426m, from $222m in the corresponding period last year, principally due to a strong performance in oil and petroleum products trading. Samos Steamship secures healthy rate for LR1 in Trafigu
Shipping must tackle diversity to tap talent pool, Bjorn Tore Larsen says Bjorn Tore Larsen has four daughters, none of whom have yet shown an interest in joining the family shipping business. While the next generation of Larsens are pursuing careers in teaching, healthcare, law and aviation, the ADS Crude Carriers chairman and chief executive of OSM Ship Management is focused on tackling gender equality in shipping. Bjorn Tore Larsen says female seafarers central t
Dirk Max Johns quits German Shipowners' Association Professor Dr Dirk Max Johns has resigned from the management of the German Shipowners' Association (VDR) to devote more time to lecturing. Johns will focus on his role at the Hamburg School of Business Administration, where he runs the Maritime Management bachelor programme and the Business Development master programme. The 53-year-old academic leaves the VDR on 15 August. However, he will be av
Larsen the lion sleeps with one eye open as he tracks his prey ADS Crude Carriers chairman reveals he is patient in his pursuit of investments, but poised to strike
Kuwait Oil Tanker Co signs up for more Lukoil lubes Kuwait Oil Tanker Company (KOTC) has renewed its contract with Lukoil Marine Lubricants for another three years. The Kuwait Petroleum Corporation subsidiary has been using the company's marine lubricants on its tanker fleet since 2015. Shehab assumes the helm at KOTC "Lukoil has aided in our vision of pursuing commercially viable opportunities within the hydrocarbon shipping sector, and our mi
Marsh loses head of P&I just months after JLT merger Richard Adler's move to Atlantic Insurance is highest-profile departure in staff reshuffle as consolidated brokerage finds its feet
Large seafarers centres struggle as income streams hit Many seafarers' centres used to have bars and overnight facilities but shorter time in port and tighter alcohol rules mean beverages are sold in much smaller quantities and only in appropriate locations, says Mission to Seafarers' secretary general Reverend Canon Andrew Wright. "In many places, we don't offer beer at all now," he says. The downside is that declining alcohol and food sales have e
Agent killed by snapped mooring rope A shipping agent has been killed by a snapped rope as a boxship was being moored in Italy. Luca Rizzeri, 34, died as he was supervising operations near the 587-teu BF Philipp (built 1986) at Ancona on Monday, Italian media reported. The cable broke and the whiplash hit the agent. The vessel is operated by Germany's Redeerei Foroohari.
Ocean Yield in market for deals despite FPSO woes Chief executive Lars Solbakken says it is business as usual at the ship lessor, despite its sole floating production, storage and offloading vessel coming off charter
Two killed, one missing after Russian tanker blast Two crew have been killed and another was missing following an explosion on a tanker off Makhachkala in Russia. Two injured in Indonesian tanker blast The RIA news agency named the vessel as Volga Shipping's 7,000-dwt VF Tanker-16 (built 2013). Two more people were injured in the blast on Tuesday, which caused a fire during unloading. The port is functioning as normal, RIA cited the Federal Ag
Chelsea strikes finance deal with Kumiai Senpaku Philippines shipowner Dennis Uy's Chelsea Logistics is teaming up with Japan's Kumiai Senpaku to finance a newbuilding. Dennis Uy's Chelsea eyes LNG terminal in Philippines Kumiai will fund the construction of the 98-metre passenger ferry for Chelsea unit Starlite Ferries at Kegoya Dock in Japan, the Philippine Star said. It is due for delivery in April 2020 and will be bareboat chartered over
EMAS Offshore pays bourse bills to retain Oslo listing Singapore's EMAS Offshore has settled its bills with the Oslo Stock Exchange to retain its listing. EMAS Offshore to be booted off Oslo exchange At the end of May the bourse decided to delist the restructuring company because it was deemed unsuitable for listing and not in a position to comply with its obligations. But overdue invoices to the exchange have now been paid in full. "The company's
Paris MOU bars cargoships over crew conditions The Paris MOU port state control organisation has banned two cargoships detained over poor conditions for crew. The 2,600-dwt Sea Royal (built 1976) was held in Thessaloniki, Greece, for 35 days with 53 deficiencies. Paris MOU bans cargoship for a year over MLC failings This was its third detention in three years, resulting in a three-month ban. Inspectors found two missing certificates for wa
Twelve lawyers jump ship to Kennedys from Norton Rose Fulbright Global head of marine says recruitment widens firm's talent pool by increasing its strength and depth
Capesizes buoyed by rise in China iron ore imports Meanwhile, Brazil emerges from the doldrums with an increase in the number of spot fixtures.
MOL set to profit from Asia's rising LNG demand Sector will be a key growth engine as owner channels its portfolio towards more sustainable earnings, says analyst.
Ziton charters Vroon turbine installation vessel Two year deal includes an option for Danish wind farm company to purchase vessel.
Ansheng still paying bills amid legal turmoil Despite legal stress, Chinese liner operator keeps up charter hire payments
'Expect additional mergers and pray for no Hanjins' Financial burdens from the IMO's 2020 sulfur cap, a projected slowdown in trade growth and the looming threat of overcapacity could bump out some carriers.
Three dead after tanker explosion in Russia The blast occurred Tuesday morning in the engine room of the M/V VF Tanker-16 and caused three additional crew members to go to the hospital, vessel owner Volga Shipping Company said.
DP World signs Northern Sea Route development deal
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Historic sailboat sinks after colliding with containership
First fuel oil VLCC from Rotterdam to Singapore booked for June The first VLCC to take fuel oil from Rotterdam to Singapore in June was heard on subjects late Monday afternoon, despite the arbitrage east being tightly shut.
Blending delays causing congestion bunker loadings at Rotterdam: sources Fuel oil was facing delays of three to five days and gasoil, which is usually able to load on arrival, up to two days, the supplier said.
FUTURES 5: Crude futures slip on US inventory build NYMEX crude futures fell Tuesday evening following a US crude stock build reported by the American Petroleum Institute.
Singapore HSFO supply likely to remain tight on lower cargo inflow in July "I don't see much volume [of arbitrage cargoes] for July. Probably the volume is similar to June," a fuel oil trader said.
ENN Energy Holdings advances LNG bunkering plans in China as IMO 2020 looms The new ship will be based at the newly opened ENN Zhoushan LNG receiving and bunkering terminal.
Over 1 million mt middle distillates set to arrive in Europe from USGC: cFlow Higher arrivals into the Europe balanced the market, outweighing any loss in production caused by the Druzhba pipeline contamination.
IN THE LOOP: Flurry of VLCC loadings help boost US crude exports over 3 mil b/d US crude for export has benefited over the past four weeks from macroeconomic, geopolitical factors that have helped widen the Brent/WTI spread.
Six crude cargoes change hands in Monday's Platts Asia MOC Among the six, three were declared via partials convergences and the others sold as full cargoes.
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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