ABB introduces new compact turbocharger models Responding to increasing demand for compact and efficient turbocharger technology for marine engines, ABB Turbocharging has launched the new A255-L and A260-L turbochargers. Optimized for small and medium bore two-stroke diesel and
Boat rental company operated illegal charter business, says USCG The Coast Guard has issued a notice of violations to a recreational boat rental company operating as an illegal charter business out of North Myrtle Beach, S.C. On May 19, Coast Guard
CRS reports on Navy's plans to add more unmanned vessels The surprise item in the Navy's FY2020 budget submission was a request for funding for two large unmanned surface vessels. Now the Congressional Research Surface has issued a report, Navy Large Unmanned
VIDEO: Captain of cruise ship in deadly Danube collision gets bail The captain of the Viking River Cruises ship involved in a deadly collision that sank a River Danube sightseeing boat in central Budapest on May 29 can be released on bail, a
C-Innovation wins major RLWI contract C-Innovation, LLC (C-I), an Edison Chouest Offshore (ECO) group affiliate, has won a significant contract to perform Riserless Light Well Intervention (RLWI) activities for BP in the Gulf of Mexico. The initial
Humera Ahmed joins LISCR Humera Ahmed has been appointed Vice-President of Legal and Business Development of the Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry. She comes to LISCR with
Aviation has FOQA, now shipping gets BOQA Similarly to the Flight Operations Quality Assurance (FOQA) systems widely used in commercial aviation, the marine Bridge Operational Quality Assurance (BOQA) solution from Birkeroed, Denmark, headquartered Danelec Marine BOQA provides a structured
Oshima and DNV GL launch ultra green Ultramax design A new bulk carrier design from Japan's Oshima Shipbuilding is designed to have a 50% better EEDI (Energy Efficiency Design Index) than comparable vessels. The design, the Oshima Ultramax 2300, is the
Could ammonia be shipping's clean new fuel? Ammonia can be safely and effectively applied as a marine fuel to reduce harmful emissions according to a new research paper by C-Job Naval Architects, the largest independent ship design and engineering
UK's upcoming 2050 net zero emission law leaves shipping untouched - for now The government has decide to leave the matter with the IMO
PGNiG more than doubles Plaquemines LNG purchase agreement From 2023, the Polish Oil and Gas Company will receive a total of 3.5m tonnes per annum of LNG from...
Globus lines up fleet refinancing as loss narrows The market is now at much better levels in terms of rates than those recorded in the first two months...
Cargill cuts shipping emissions on chartered fleet The world's biggest charterer of dry bulk vessels has said it has cut carbon emissions from its shipping fleet by...
DNV GL in tie-up with Japanese shipyard on bulker designs Classification firm DNV GL has entered a strategic co-operation with Japan's Oshima Shipbuilding. The co-operation will explore new bulk vessel...
Data is driving all-sector refocus for maritime A thought leadership seminar hosted in London this week by Rightship and the UK P&I Club learnt that finding a...
Thomas Cooper merges with Penningtons Manches Shipping law firm Thomas Cooper is to merge with UK top 50 business and private client solicitors Penningtons Manches, with...
Americas Awards celebrate excellence in maritime The Lloyd's List Americas Awards celebrate excellence in shipping at a time when industry players are under enormous pressure to...
Small ports can still benefit from big ships Cargo proximity and critical mass can be more important in terminal selection than vessel handling capacity
SIPG sets price for $700m bonds issue Issuance at the Hong Kong bourse is expected to complete early next week
Hapag-Lloyd finance chief Nicolàs Burr to stand down CSAV to lose executive board seat at German carrier as Burr returns to roles in Chile
Daily Briefing Baltic tanker earnings slump even as Russian exports climb | Southeast Asia OSV players living off scraps | Iran condemns...
Ship-to-ship LNG bunkering sought for BC Ferries newbuilds Canada's BC Ferries floated an expression of interest last week, stating that the ship-to-ship bunkering solution is for five new LNG-fuelled vessels
Brightoil tankers sale raises $200m Cash-strapped Brightoil has seen its marine transport business suspended after its entire fleet of five very large crude carriers, four...
Largest LNG terminal in the Nordics officially opens for business The terminal can also facilitate LNG bunkering, supplying the super-chilled fuel to ships such as icebreakers and others operating in...
Port of Corpus Christi expected to dominate US crude exports Corpus Christi crude exports will surpass Port Houston in the next decade, says Wood Mackenzie
Algoma closes $100m Oldendorff deal Algoma Central has closed a $100m deal with Oldendorff Carriers, bumping up its stake in the CSL International Pool while grabbing a trio of ships in the process. Algoma orders new bulker, posts first quarter loss The Canadian shipowner announced on Wednesday it now owns 40% of the pool, which counts Marbulk Shipping and CSL Americas as members. Additionally, Toronto-traded Algoma acquired the
Too early? Shipping investors have yet to price in scrubbers With IMO 2020 six months out, observers say it is likely to be too early for scrubbers to affect share prices
Virgin Voyages appoints first female Canadian master The Tom McAlpin-led owner hires Wendy Williams to command Scarlet Lady for next year's inaugural season.
Wells Fargo: Orderbook closes in on 2022 LNG ship requirements Sufficient speculative LNG carrier newbuildings have been contracted to meet the expected needs of the market in 2022, according to Wells Fargo Securities analysts. In the latest issue of their "Bottoms Up LNG" report, the Michael Webber-led team said the uncommitted portion of the LNG orderbook has been gradually building and now represents "an increasing risk" at 23% of the fleet. LNG buyer la
Christiania Shipping off to a flying start Chemical tanker specialist Christiania Shipping has risen from the ashes of its loss-making predecessor to report positive operating profit for 2018. Fifth generation of Eitzen family set to join Camillo Eitzen on comeback trail "In 2018, we have successfully implemented several changes to re-establish Christiania Shipping as an efficient and streamlined shipowner, charterer and operator," said
JP Morgan linked to LNG carrier newbuilding move Bank understood to be contracting its first vessels in the sector for energy major
Suezmax earnings double those of VLCCs Healthy crude exports from West Africa, in particular Angola, are pushing suezmax earnings to the highest since February.
Nordic American Tankers closes busiest period ever as things peek up Nordic American Tankers' "busiest period ... ever" has positioned it well for the pre-IMO 2020 rally, a letter from the company Wednesday said. "In 2Q2019, we have seen the normal seasonal downturn in that quarter," the letter read. "We expect a significantly improved tanker market ahead. After positive Q1, Nordic American Tankers shares soar "We must remember that political unrest is often goo
Pacific Green headhunts Oslo scrubber chief from rival US-listed scrubber supplier staffing up new Norwegian sales office
Howe Robinson's boxship guru Dowell to step down Paul Dowell is ready to hang up his boots after 22 years, but he believes the sector still has a lot to learn
Hapag-Lloyd CFO to leave next year Hapag-Lloyd's chief financial officer Nicolas Burr is to leave the company next year to oversee new projects in South America. Hapag Lloyd PR man gets a 'buzz' over apiarist role Burr will take over new projects in Chile after he leaves the company on 29 February 2020, according to a release from the Hamburg-based boxship giant. "The supervisory board sincerely likes to thank Nicolas Burr for
Supreme Court hands Swedish Club lifeline in bulker fire CTL appeal Controversial case handed back to high court to decide on payout from loss of Greek-controlled Renos in 2012 blaze.
Kuehne+Nagel starts to rank liner services by carbon footprint Shippers are leading the fight against carbon emissions by choosing 'clean' liner services
Lawsuit claims Valero may have provided defective fuel to more than 100 ships Refining giant blames Trafigura for off-spec fuel delivered to vessels
Two TMK execs quit after groping and stalking claims Two executives from Lloyd's of London underwriter Tokio Marine Kiln (TMK) have resigned after allegations of sexual harassment were made. One was accused of groping colleagues at what was termed by a Bloomberg report as a "booze-fuelled party", while the other was alleged to have stalked a junior employee. The news comes three months after an investigation by the news agency into the "deep-seate
Advantage Tankers sues to free tanker Turkish shipowner Advantage Tankers is looking to recoup $10.3m in a Manhattan federal court over an alleged wrongful arrest in South Africa. According to court papers, the 156,644-dwt Advantage Sky (built 2010) has been held in Durban since last August, caught up in a controversy over legal disputes in New York state courts and London's High Court with the ship's previous owner. The defendant i
Signposts to the future: Five things we learned from Nor-Shipping 2019 Oslo found shipping at a crossroads, but underneath the anxiety there are reasons for optimism
Oshima Shipbuilding and DNV GL launch alternative-fuelled bulker design Oshima Shipbuilding and class society DNV GL have launched a new design of bulk carrier that would use half the energy of conventional vessels and utilises wind, LNG fuel, battery and solar power. DNV GL's Knut Orbeck-Nilssen calls on shipping to keep safety at forefront of industry's mind DNV GL teams with Keppel on LNG newbuildings The Oshima Ultramax 2030 bulker design has an energy efficien
Vital global food production needs an ethical supply chain Swiss NGO Public Eye turns spotlight on traders' role in generating seaborne agricultural cargoes - and the ships that are carrying them
Euronav aims for bond tap Belgium's Euronav is preparing to tap into a bond issue to boost its funding. The Euronext-listed tanker giant said its subsidiary Euronav Luxembourg has arranged a fixed-income investor call for 13 June, with the help of Arctic Securities, DNB Markets and Nordea. A tap issue of its $150m senior unsecured bond issue may follow, subject to market conditions, it added. The company told TradeWinds
Meteor Management buys supramax and eyes growth into tankers Meteor Management, a Bulgarian shipmanagement company backed by commodities trader Eleen Marine, is expanding its supramax fleet and says for the first time it is considering investing in the tanker market. Meteor general manager Andrei Filipov confirmed that his company's clients have bought the 55,400-dwt Eria Colossus (built 2008), which has been renamed Eleen Sofia. Brokers reported that Japa
Geared handysize bulker sextet up for sale Six geared handysize bulkers are circulating in the sale-and-purchase market by their Cyprus-based owners, Greek brokers have reported this week. The vessels are the 37,000-dwt Western Aida, Western Boheme and Western Fedora (all built 2012), and the 37,400-dwt Western Carmen, Western Lucrezia and Western Tosca (all built 2013). The ships have been with the same owners since they were built at S
Thomas Cooper scales up with Penningtons Manches merger UK shipping law firm gains access to resources of top 50 partner for international expansion.
'Likely lad' Alan Wilson makes way for rising stars of the North North P&I Club managing director Alan Wilson has retired. Wilson, along with chief executive Paul Jennings, was associated with the dramatic growth of the protection and indemnity mutual over the past four decades. Insurer North P&I reshuffles senior staff More than $380m wiped off P&I mutuals' free reserves The pair worked at the club as it grew from an insurer with just two million gt of shi
Ammonia-fuelled gas carrier design hoves into view Dutch-lead research project analyses how to safely introduce the gas as a marine fuel
Wellard eyes ship sales as debt deal collapses Australian livestock carrier group Wellard is contemplating ship sales after a standstill deal with noteholders failed. The company had agreed the halt in April in respect of certain defaults existing under its notes. Algoma and Wellard ships cancelled at Uljanik This was scheduled to end on 30 September, with Wellard to grant certain security to the noteholders. But it has been unable to do t
ABP wins approval to switch bond from Libor to Sonia UK port group becomes first borrower to secure bondholder approval for switch from discredited benchmark.
Novatek could build 17 new Arctic LNG carriers Novatek's Arctic LNG 2 project will need between 15 and 17 Arc7 LNG carriers, according to CEO Leonid Mikhelson. The Interfax news agency cited him as saying: "We're doing transhipment in Murmansk and Kamchatka, and we now need to decide the issue of transporting LNG to these points. Sovcomflot and Cosco agree Arctic LNG carrier joint venture "Calculations show that we probably need to build 15
Brightoil VLCC and aframax sales raise over $200m Hong Kong tanker owner still has one VLCC, three aframaxes and six bunker tankers to be sold.
Angelicoussis back at Daewoo for another LNG newbuild Greek owner takes year-to-date gas carrier order tally at favourite Korean yard to five.
Orbis takes bigger position in Golar Orbis Investment Management has grown its leading stake in Golar LNG to 10%. The Bermuda-based firm now owns more than 10.1 million shares of the gas carrier owner, up from the 8.9 million disclosed in February, according to Securities and Exchange Commission filings. Fresh contenders limber up as floating LNG comes of age The firm was founded by South African billionaire Allan Gray. The next
Blank Rome attorney joins LISCR F. Humera Ahmed is joining the Liberian International Ship & Corporate Registry (LISCR) as vice president of legal and business development. Ahmed was previously an attorney at Blank Rome where she worked on both maritime and financial cases. Legal changes could enhance Luxembourg flag appeal for LISCR "Humera is a very energetic, self-confident, knowledgeable and proactive person," said regist
JERA spells out shipping structure as it shifts into LNG bunkering JERA splits its shipping business by charter length, procuring LNG vessels based on concluded free-on-board contracts and, or, tolling agreements. JERA executive officer Yuichiro Kato, who is in charge of LNG shipping, said economics and safety are high priorities when vessels are being evaluated, alongside charter term, tank size and propulsion. JERA to have 'inherent' exposure to LNG bunkering
Kato reveals JERA's shift to a flexible LNG shipping strategy Trading giant outlines ambitions to grow its fleet and free-on-board LNG portfolio
Ind-Aust Maritime confirms Torm product tanker deal Ind-Aust Maritime has emerged as the buyer of a Torm MR product tanker. Sources at the Indian shipowner confirmed to TradeWinds this week that it had purchased the 45,500-dwt Torm Gunhild (built 1999). Torm said last week that it had lined up a deal to sell the ship for $6m ahead of taking delivery of four 2011-built MR tankers it had purchased for $83m. Four MRs in, one out at Torm The Torm G
USTR official: Urgency of passing USMCA 'cannot be overstated' A House Agriculture Committee panel heard testimony from Trump administration ag officials on Tuesday during a hearing that widely touched on the U.S.-Mexico-Canada Agreement.
Three dead after tanker explosion in Russia The blast occurred Tuesday in the engine room of the M/V VF Tanker-16 and caused three other crew members to go to the hospital, vessel owner Volga Shipping Company said.
ANALYSIS: Diesel, jet 2020 curve structures diverge ahead of IMO Ahead of the implementation of the International Maritime Organization's lower sulfur cap on marine fuels next year, the structure of middle distillates forward curves looks quite different for diesel compared with jet fuel.
FUJAIRAH DATA: Oil product stocks fall to 4-week low amid soft holiday trading Total inventories at the Middle East bunkering hub dropped 0.5% over the past week to 23.889 million barrels, the lowest level since May 13, data compiled by S&P Global Platts showed.
FUTURES 5: Crude tumbles as US supply continues to climb Crude futures tumbled Wednesday following a US crude stock build reported by the US Energy Information Administration.
Hanwa Singapore facing $20 million payment issues for MGO "The cause of this case is that we have not followed the original trade conditions of receiving an advance and L/C settlement," said the official.
External: Global Risk Management
Trade deal could boost UK's N Sea crude flows to S Korea: traders "It's a pre-deal but it should open the door to Forties in Korea," a trader said.
Trafigura posts rise in H1 oil, LNG trading volumes as profits jump "Whilst all of the division's books performed well during the period, the crude oil, gasoline, LNG and wet freight desks were the standout contributors," the company said.
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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