MARAD advisory warns U.S.-flag ships of Iran threats With tensions between the U.S. and Iran ratcheting up, the U.S. Maritime Administration is warning of growing threats to U.S.-flag ships. Yesterday, it issued an MSCI (Maritime Security Communications with Industry) advisory
Vard explores concepts for Canadian Coast Guard future fleet Vancouver, B.C., based Vard Marine, Inc. reports that the Canadian Coast Guard has awarded it an engineering services contract to explore concepts for the Coast Guard's future fleet renewal program. Vard says
Wiernicki demystifies digital ABS Chairman, President and CEO Christopher J. Wiernicki explored the transformational potential of digital technologies in the offshore industries at this year's OTC event in Houston.Conference 2019. "The digital oilfield is a
Keppel FELS to build North Sea offshore wind converter station A consortium consisting of Keppel Offshore & Marine subsidiary Keppel FELS and Stavanger, Norway, based Aibel AS, has secured a contract from grid operator TenneT Offshore GmbH for the design, engineering, procurement,
Damen wins order from Hamburg operator for ASD 2411 tug Damen Shipyards Group has signed a contract with Germany's Neue Schleppdampfschiffsreederei Louis Meyer GmbH & Co. KG for the supply of an ASD Tug 2411, to be named Jan. The vessel was
Chesapeake launches first of four sisters for Vane Chesapeake Shipbuilding, Salisbury, Md., has launched the tug Salisbury, the first in a series of four sister vessels being built for Vane Brothers. The new tug is a Subchapter M compliant push
U.S. seizes sanctions-busting North Korean bulker The United States has seized a sanctions-busting North Korean bulker not on the high seas, but through the filing of a civil forfeiture complaint in the U.S. District Court for the Southern
Final decisions and new beginnings for IMO at MEPC 74 Environmental regulators are about to make the final adjustments to 2020 sulphur cap and tackle GHG emissions
From the News Desk: Green agenda set to dominate MEPC discussions The IMO's Marine Environment Protection Committee, the organisation's supreme environmental authority, opens on Monday
Open-mouthed at IMO openness The IMO has taken a small step towards transparency and openness by giving observers public access to meeting documents the...
US move on tariffs concerns owners and financiers Witn an election looming in the US in 2020, President Donald Trump is doubling down on his 2016 election promise...
Don't turn a blind eye to 2020 problems, Greek owners urge IMO The world's largest national shipowners' association warns that upcoming IMO meeting is 'last chance' to address 'severe challenges' stemming from...
DHL forwarding margins improve further Freight forwarding division makes headway despite fall in air and ocean volumes
Hong Kong port alliance aims to help operators survive Alliance dispels fears about higher rates, instead billing the grouping as a way to offer better packages and service to...
D'Amico's tanker chief bullish on market prospects The Rome-based company is increasing its exposure to the spot market to capture more of the expected market strength
US exporters cannot rely on China's LNG growth Top US LNG exporter Cheniere Energy has changed tack overnight, signalling it is now looking beyond China for sales of...
The Lloyd's List Podcast: Clean shipping, dirty tankers and blue ocean hot air Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
The Interview: Andrew Bardot The chief executive of International Group is about to quit one of the most high-profile jobs in marine insurance and...
Daily Briefing China tests sniffers to inspect vessel sulphur emissions | Ports are key to 2050 emissions targets, says IMO chief |...
US raises tariffs on China imports Against the backdrop of a US president who believes other countries' trade barriers and tariffs destroy American businesses, the US...
Fortunes turn for Esaf trade Dynamar's latest report on the East and Southern Africa box market forecasts growth in the region's container throughput numbers of...
US seizes North Korean bulk carrier for sanctions violations Indonesia's maritime authorities originally detained the handysize bulker Wise Honest off their country's coast in April 2018
Viking Ocean Cruises hit with $10m lawsuit over Viking Sky drama Passengers have suffered numerous side effects from 23 March incident, including nausea, exhaustion and nightmares, lawsuit alleges
Shipping stocks remain stable amid Trump's tariff hike Shares for boxship, dry bulk and tanker sectors move less than 4% since trading day began.
International Seaways sights VLCC storage work and sales of veteran product tankers International Seaways is keeping an eye out for IMO 2020 related VLCC storage business at the same time as renewing its fleet with the potential sale of older tonnage. International Seaways back in profit during first quarter International Seaways reveals 2019 charter performance as first quarter profit awaits DHT Holdings has 'lost interest' in VLCC buys after tanker asset price spikes New Yo
Performance Shipping narrows loss Simeon Palios-led boxship player cuts vessel costs but brings in less revenue.
ABN AMRO man takes over scandal-hit Danske Bank Denmark's Danske Bank has appointed a new CEO in the wake of the Estonian money-laundering scandal. Chris Vogelzang was at Dutch bank ABN AMRO between 2000 and 2017, the last eight years as a member of the bank's management board and head of its global retail and private banking activities. Previous Danske CEO Thomas Borgen quit in February. He was found to have done nothing wrong, but accepted
Legal altruism? Shipping lawyers make the case for mediation London remains the main centre for shipping arbitration, but leading lawyers on Friday made the case that mediation should be more widely used to help avoid the need for these tribunals in the first place. A seminar at the first London International Disputes Week, hosted by legal firm HFW, was attended by barristers, lawyers and clients from the UK, China, Nigeria and elsewhere. Panellist Andrew
Arrested Greek bulker to be sold after bitter legal row A Greek bulker under arrest in the UK is to be auctioned following a fierce legal fight. The 36,000-dwt Alkyon (built 2015), owned by Stallion Eight Shipping and managed by Ariston Navigation, is lying near Falmouth, but will now be sold on 18 June through sealed tenders by admiralty broker CW Kellock. A high court order dated 2 May names NatWest Markets and Royal Bank of Scotland as the claiman
Belships shows 2020 hand with bunker price hedge preferred to scrubbers Bulker owner Belships has shown its IMO 2020 hand following its takeover by Frode Teigen and the arrival of a new chief executive. Oslo-listed Belships has inked a deal to hedge the price differential between compliant 0.5% sulphur fuel oil and 3.5% sulphur fuel oil, it told investors today. Elias Kulukundis considers buying more Belships shares Belships continues buying spree with ship number
DHT Holdings has 'lost interest' in VLCC buys after tanker asset price spikes Escalating VLCC asset prices have past the point where DHT Holdings would be interested in buying tankers, company executives say. New York-listed DHT is also batting away the option of IMO 2020-related storage contracts given the age of its ships and the impact of idling tankers on future performance. Tanker owner DHT Holdings returns to profit spurred by strong VLCC spot performance DHT Holdi
Euronav boosts board with former Angelicoussis executive and Ensco chief Euronav has recruited two high-profile new directors as it enters a new era under the leadership of Hugo De Stoop. New Euronav boss Hugo De Stoop connects to company's roots and future challenges Hugo De Stoop plans to follow shipping's Arsene Wenger by remaining 'close to the action' Crude tanker asset prices 'too elevated' for takeovers, says Euronav chief executive Former Angelicoussis Ship
Awilco LNG prepares for improving but volatile gas market Awilco LNG is looking to a stronger market after logging a loss in the first quarter of 2019. Oslo-listed Awilco counts 106 LNG carriers of 150,000-cbm or more on order presently, of which 40 do not have time charters in place. Tor Olav Troim's Golar reveals 'significant progress' on LNG carrier spin-off New spot venture and refinancing provide two 'triggers' for Awilco LNG It explains an extr
Britannia pays back $10m to members despite loss P&I club digs into its coffers to reward members out of healthy reserves
Clarksons sees tentative shipping recovery but headwinds remain Research director says LNG and cruise are hot to trot but supply-demand balance not looking positive for bulkers this year
Former Gotland CEO takes top Swedish army job Former Rederi AB Gotland CEO Jan-Eric Nilsson has landed a top job with Sweden's army. The company said the executive had been offered and accepted a position with the leadership staff at the Armed Forces headquarters. Gotland adds another bulker for tanker conversion The marine engineer has been assigned "the degree of command," it added. "The gradual deterioration of the security policy situ
14 injured in blast on Saipem pipe-layer Fourteen crew have been injured in an explosion on a Saipem-operated pipe-layer in the Caspian Sea. The Italian company said the the incident occurred on Wednesday evening on the 7,200-dwt Israfil Husneyov (built 1990). The vessel is working on the Shah Deniz II project. On Thursday, the seafarers, all employees of Saipem, were taken to hospital. "The incident was related to maintenance operat
Shanghai court collision cases on the rise China's Shanghai Maritime Court says vessel collision cases are on the rise. It has taken on more than 200 disputes in the last four years, which numbers increasing each year. Chemship: cause of tanker clash not yet known Greek bulker blamed for collision off Singapore "Rapid economic growth is bringing more ships to the city and the sea lanes pass through some traditional fishing areas," said
US seizes North Korean bulker for sanctions busting Action thought to be first-ever detention of a North Korean vessel for violating sanctions.
Marco Polo Marine continues to post red ink But Singapore offshore company expands drydock capacity in anticipation of increased work.
Freight forwarders and NVOs drawn to Miami South Florida market continues to attract a steady flow of newcomers aiming to get their piece of the freight.
Economist: Solid growth for rest of 2019 Inflation surprise is one of the biggest risks to economic growth for the remainder of the year, FTR senior economist Bill Witte said Thursday.
Increased tariffs add 'insult to injury' for soybean farmers Soybean farmers along the Mississippi River have dealt with historic flooding during 2019.
FMC wants details on joint terminal ventures Ports America, Ceres and SSA Marine plan a joint venture in Charleston and Savannah, while TOTE subsidiary and Luis Ayala Colon want to partner in San Juan.
Khouri outlines 'disruptors' for container shipping The FMC chair says if freight rates don't improve to recoup carriers' cost of capital, the industry "points toward more consolidations, mergers and acquisitions."
CBP confirms 301 duty raise time frame The agency issued guidance on Friday detailing the specifics of the tariff increase from 10% to 25% on $200 billion worth of goods from China.
Industry reps want customs in WTO e-commerce talks Australia, Japan and Singapore are leading the World Trade Organization e-commerce initiative.
Singapore residue stocks rise to two-year high, imports at two-month high Singapore's commercial stocks of residues rose 12.4% to 26.498 million barrels in the week to Wednesday, data from Enterprise Singapore showed.
Dardanelles bridge construction delays shipping, bunker operations The construction of a new bridge across the Dardanelles in Turkey is delaying journey times for ships.
Container line Hapag-Lloyd orders 10 scrubbers ahead of IMO 2020 Container shipping company Hapag-Lloyd has ordered emissions-cleaning scrubber equipment for 10 of its vessels.
TANKERS: Owners resort to idling VLCCs as returns fall below operational expenditure "With earnings so low, [a few shipowners are] doing short voyages, so that the pain is over a lesser amount of time," a shipbroker said.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
