Sulfur sniffing drone starts patrolling Danish waters A large drone has started to check emissions from ships in Danish waters to make sure they comply with the sulfur limit. The drone is being provided by the European Maritime Safety
U.S. Gulf leads in offshore lay ups The U.S.Gulf continues to be the offshore market with the highest number of assets in lay up, according to VesselsValue.com, which today published the first of what will be quarterly offshore lay
Avenir LNG switches from one Nantong shipyard to another Avenir LNG Ltd has signed contracts with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd. (SOE) for the construction of two 7,500 cbm LNG carriers, at its Nantong, China shipyard, with options
Navy issues letters of censure to two USS Fitzgerald officers The Navy has dropped courts martial proceedings against the former commanding officer of the USS Fitzgerald (DDG 62) Cmdr. Bryce Benson and former crew member Lt. Natalie Combs. However, at the recommendation
Study confirms that LNG as a marine fuel yields big GHG reductions According to a just-released independent study, reductions in ship emissions of GHG of up to 21% can be achieved using LNG as a marine fuel, compared with conventional oil-based fuels over the
Furuno adds 12 kW river radar to its line up Furuno is introducing the second in the series of new generation river radios that it launched last year with the release of the FR1908VBB, a 4 kW Black Box Radar with a
Daily Briefing Governments home in on shipping's GHG goals | UK port state control unmoved by Brexit
Avance Gas appoints Ulrik Andersen as chief executive Avance's chief financial officer, Peder Simonsen, has been serving as interim chief executive since April 5
Five champions recognised as maritime's futuristic thinkers Harold Daggett, George Economou, John Reinhart, Rodolphe Saade and Richard Weeks will all be honoured by the Maritime Association of...
Scrubbers will complicate liner shipping pricing Greater use of scrubbers will lead to more complicated cost structure for shipping lines after 2020
Governments pursue new shipping emissions measures Japan, France, Denmark, Germany and Spain are among those calling for owners to cut emissions swiftly
Svitzer crews strike over unpaid overtime claim The dispute is in regard to an agreement made in 2014 that led to crew working additional hours at a...
Brexit will see no change in UK port state control, MCA confirms Luc Smulders, secretary-general of the Paris MOU, said: 'I don't expect many problems. We have non-EU members and the UK...
From the newsdesk: Finding clarity amid the white noise of digitalisation Sheer volume of digitalisation debates during Singapore Maritime Week was impressive
European MR rates: Strong for now, but inbound ballast vessels cause concern MR2 tankers are opting to head to Europe rather than the US Gulf coast in search of higher rates
Zeaborn could sell multipurpose vessels to UK fund Both companies decline to comment, but industry sources say a sale-and-leaseback deal is under discussion
India receives first US LPG shipment Indian utilities are anticipating two additional enquiries in April, while another cargo, set for the end of April, is on...
LA port director urges full, fair and extended utilisation of US harbour maintenance funds The Congressional hearing was called in connection with legislation introduced earlier this week by representative Mike Kelly and ranking member...
Asia-Pacific semi-submersible rig rates at 'significantly higher' levels While there are signs of improvement in the floater market, the jack-up segment looks comparatively less attractive in terms of...
The Interview: Nick Brown Nick Brown, director of marine and offshore for Lloyd's Register, lays out his vision of how shipping will evolve technologically...
Reduction in fossil fuel use will have major impact on maritime industry The natural gas sector is predicted to grow the most, tripling by 2050, while the container trade will double from...
Daily Briefing LNG leads the way to emission goals | Charterers snub dry bulk acquisitions | Scrubber investments in the spotlight
Cyber-security is only one of several threats facing shipping Shipping chief executives will be irresponsible if they push cyber-security to strengthened IT teams. Leaders in this sector are bringing...
The Lloyd's List Podcast: Day 3 - Live from Singapore Maritime Week Singapore may have put on s stellar showcase of future facing ambition, but the reality of maritime operations is that...
PB Tankers among shipowners hit by US government sanctions PB Tankers and nearly its entire fleet have been hit with US government sanctions. According to the US Treasury Department's Office of Foreign Asset Control, the Federica Barbaro-led tanker owner was operating in Venezuela's oil sector. The Italian company did not immediately return requests for comment. Steamship issues Venezuela sanctions warning Greek tanker caught up in Venezuela sanctions
Frode Teigen grows Belships stake after mandatory offer Norwegian shipping magnate Frode Teigen has bolstered his majority ownership in Belships, which last year merged with his Lighthouse Shipholding. Teigen-owned Kontrari AS and Kontrazi AS has swooped up 3.4 million shares in the Norwegian bulker player after being forced to make a mandatory offer for the company. The family bought 12.4 million shares through the offer, bringing its stake to 120.5
Chevron-Anadarko deal to solidify LNG market boost Acquisition expected to add 12.88 metric tonnes per annum (mtpa) in global supply.
Eyal Ofer's Zodiac Maritime builds VLCC position with K Line deal Eyal Ofer's Zodiac Maritime has added a third VLCC to its tanker fleet after striking a deal with K Line. Zodiac builds strong position in LR2 sector with GEM deal Zodiac Maritime's tanker swoop signs off $690m Toisa fleet sale Zodiac has snapped up the 314,000-dwt Tamagawa (built 2007), TradeWinds understands. The Japanese owner has been looking to sell the vessel for some time and was previo
Nobu Su: 'Wayward son' or 'an inveterate liar?' If one person puts money into a purse and another controls the way it is spent, who owns the purse? That was the rhetorical question at the centre of a hearing in London this week which provided the latest legal developments in the life of Nobu Su, the jailed Taiwanese shipowner. Claimants Polys Haji-Ioannou and Lakatamia Shipping argued that defendants Su and his mother Toshiko Morimoto should
Andersen replaces Andersen at head of Avance Gas John Fredriksen has wasted no time in appointing a new boss at Avance Gas after Christian Andersen's exit in the past week. Petredec's Ulrik Andersen is the man to fill the void at the head of the Oslo-listed shipowner. Culture clash forced Christian Andersen's exit from Avance Gas President Christian Andersen set to exit VLGC owner Avance Gas Avance Gas closing in on refinancing as scrubber
Croatia turns to China for yard rescue The Croatian government has begun talks with China over a potential restructuring of shipbuilder Uljanik Group. Economy minister Darko Horvat confirmed discussions were underway with a visiting Chinese delegation, according to the Hina news agency. Uljanik Plovidba probed over newbuilding contract profit But he would not confirm or deny whether Chinese prime minister Li Keqiang had contacted po
Avenir LNG swiftly books replacement order after Keppel Corp brace dropped Avenir LNG and Keppel Corp have ditched plans for two small-scale LNG vessels to be built in China. Avenir LNG - backed by Stolt-Nielsen, Golar LNG and Hoegh LNG - has wasted no time in replacing the ships with a fresh deal at a rival yard. Troim says small-scale LNG ship sector 'ready to be taken' Stolt-Nielsen, Golar and Hoegh reveal $182m LNG venture Avenir LNG - backed by Stolt-Nielsen, G
Orpheus Marine Transport tanker tipped for Clearlake Shipping time charter Greek owner John M Lyras has locked in one of his three LR 2 tankers into a charter for up to a year with Clearlake Shipping, a subsidiary of trader Gunvor. Heated secondhand MR tanker market favours young tonnage Norden rides on heated MR period market with Clearlake charters The 105,000-dwt Krysanthemum (built 2009) has been fixed for six months at $19,500 per day, European tanker brokers sa
MSC snaps up elderly ICG ro-pax for $33m Dublin-based Irish Continental Group (ICG) has clinched a deal to sell a veteran ro-pax to MSC. Irish Ferries goes to court over compensation ruling It has struck a bareboat hire purchase agreement for the 31,900-gt Oscar Wilde (built 1987), it said. ICG, which operates Irish Ferries, will bank EUR 28.9m ($32.7m) from the sale, payable in instalments over six years up to 2025. Delivery to the
RCCL inks new cruiseship at Chantiers US giant Royal Caribbean Cruises (RCCL) has ordered another in its Edge series of cruiseships in France. It said it had entered into an agreement with the Chantiers de l'Atlantique yard to build a fifth vessel for delivery in the autumn of 2024. The first in the series for its Celebrity Cruises brand, the 130,000-gt Celebrity Edge, was delivered in 2018. Awilhelmsen offloads $567m of Royal Cari
Svitzer staff strike over working hours Svitzer Euromed employees have gone on strike for the second time this week over conditions. Crew union Nautilus International said the tug staff walked out after the Maersk company let an ultimatum expire on working hours. Svitzer hails first all-female crew The action meant tugs sailed reduced hours and did not work until midnight from their usual location in Amsterdam, Nautilus said. Seafar
Hoegh Autoliners boss Ivar Myklebust pledges zero orders for scrubbers Ivar Myklebust, chief executive of Hoegh Autoliners, says he stands by his decision not to install scrubbers as the IMO 2020 deadline approaches. No scrubbers have been ordered and none will be, he pledges in comments posted on the website of the Norwegian outfit, one of the world's largest car carrier companies. Myklebust argues that scrubbers can "end up increasing the CO2 footprint of a vesse
Rever brings in Bryce as operations chief UK OSV player Rever Offshore has appointed experienced industry figure Bob Bryce to the newly-created role of operations director. Bryce's 40-year career has seen him hold senior leadership positions on a global basis with McDermott, Subsea7 and Technip. MacLeod takes over at expanded Rever Offshore He will join CEO Barry Macleod, commercial director Nicky Etherson and CFO Neale Stewart on the
Jailed Nobu Su sees mother dragged into $57m legal fight with Polys Haji-Ioannou Nobu Su's mother has been dragged into a high-profile legal battle involving the former TMT chief executive - who has been jailed in the UK for contempt of court - and Cypriot shipowner Polys Haji-Ioannou. Toshiko Morimoto, 85, could face trial if a court in London finds she has helped Su circumvent a worldwide freeze on his assets and a judgment debt against him. It provides the latest twist in
Nigeria moves to bar foreign ships Nigeria is to bar all overseas vessels from coastal business. The Nigerian Maritime Administration and Safety Agency (NIMASA) has this week set out a plan to end cabotage waivers for foreign owners within two to five years. The Nigerian Content Development and Monitoring Board (NCDMB) is also lining up a $200m facility to support domestic shipping. The Cabotage Act was passed in 2003 to boost N
Capesize crash drives first quarter bulker demolition boom, says BTIG A crash in dry cargo rates during the first quarter saw a spike in both the number and size of bulkers scrapped, according to data from BTIG. Market watches Sanko ship to see if record capesize sales drought can come to an end Alpha Bulkers 'scraps cape pair' in rising demo market It counts 23 bulk carriers scrapped in the opening three months of 2019, with an average size of 107,000-dwt. This
Love-struck judge backs Euroseas in hijack case A UK court has partially backed Greek owner Euroseas in a $4.5m charter payment dispute following a bulker hijacking as a result of a debate over the meaning of the word capture. Justice Andrew Popplewell of the commercial court cited the example of his wife being able to "capture" his heart as showing that its use in a charterparty need not imply force. Tribunal backs "freedom of the seas" in t
'Port king' Enrique Razon leads Hanjin bid Philippines "port king" Enrique Razon is leading a group that aims to buy the bankrupt Hanjin Heavy Industries & Construction (HHIC-Phil) in Subic Bay. The group has pitched a rescue plan to bank creditors, the Nikkei daily said. Hanjin chairman Cho Yang-ho dies at 70 Chairman Cho leaves Hanjin Heavy yard group HHIC-Phil filed for court rehabilitation in January. The parent Hanjin group in Sou
Transmed enters suezmax in Navig8 pool Mylonas-family controlled Transmed Shipping has put its only suezmax tanker into Navig8's Suez8 pool, European brokers said. Transmed sales talk around four ex-Konig suezmaxes The deal involves Cypriot shipowner's 152,000-dwt Zeno (built 2003), which it reportedly bought from Teekay LNG Partners for $15.7m in November, when it was the European Spirit. Navig8 could not be reached for immediate c
Jinhui Shipping offers hefty payouts for two top executives Oslo-listed bulker owner Jinhui Shipping & Transportation is again giving handsome benefits and salaries to key executives. Jinhui Shipping ends 2018 in the red due to smaller fleet Jinhui Shipping chairman raises shareholding The company's annual report for 2018 shows that chairman Ng Siu Fai, 62, and chief executive Ng Kam Wah Thomas, 56, last year received a combined compensation of $6.83m,
Vitol shows tanker appetite with time charter of quartet Trader Vitol is demonstrating a healthy appetite for crude tankers by fixing four ships for period business. The deals include a charter for a suezmax tanker from Greek owner Liquimar Tankers and three aframax tankers, European tanker brokers said. John Fredriksen set for profitable private product tanker deal with Vitol Vitol and NIDAS sign COA for shipping gasoline to Nigeria Vitol breaks n
DNV GL teams with Keppel on LNG newbuildings Class society DNV GL and Keppel Marine & Deepwater Technology (KMDTech) are teaming up on newbuilding projects to boost the uptake of LNG as a ship fuel. The Norwegian group and the subsidiary of the Singapore shipbuilder said the agreement covers potential construction of LNG bunker vessels, small-scale LNG carriers and floating storage regasification units, as well as LNG-related assets employi
SeaBird lines up $22m deal for Boa duo Norway's SeaBird Exploration has agreed a deal to buy two OSVs that are the subject of a forced sale by Boa Offshore bondholders. The seismic survey shipowner it was in an "exclusive process" to acquire the 80-loa seismic vessels Boa Galatea (built 2008) and Boa Thalassa (built 2009) for NOK 185m ($21.71m). "The Boa vessels are well suited for source and 2D operations, as well as EM seabed loggi
Solstad Offshore unit agrees debt freeze A company within restructuring Solstad Offshore has agreed a debt freeze "to preserve additional liquidity". Solstad, the world's biggest owner of high-end offshore support vessels, said the Solship Invest 3 (SI3) subsidiary has "resolved" to suspend payment of interest on certain loans until 20 June. All the affected creditors have approved the freeze, except a minority creditor of one of the s
Cefor tells insurers claims are rising Figures suggest benign claims environment coming to an end.
Wisdom's James Lan aiming to sell bulkers Wisdom Marine is focusing on longer-term charter deals as the bulker recovery remains slow - and will sell vessels to boost its balance sheet. Chairman James Lan said the Taiwanese owner will take delivery of five new ships in 2019: three supramaxes and two handysizes. "Since a slow recovery can be expected this year, we plan to start looking for profitable long-term contracts in the year," he s
Singapore digital start-ups share $480,000 in seed capital MPA-NUS funds aim to help firms develop innovative solutions for key maritime challenges.
MPA lists IMO 2020 compliant fuel suppliers Most Singapore bunker suppliers will be in a position to offer LSFO, but some are leaving it until late 2019.
Judge may ban Carnival from US ports for waste dumping US District Judge Patricia Seitz will decide at a June hearing she wants attended by company's top brass
APEX launches its first fuel oil futures contract Singapore-based derivatives exchange also has plans for LSFO and MGO equivalents.
House Dems: Mexican labor reform needed for USMCA support Democrats on the House Ways and Means Committee wrote to U.S. Trade Representative Robert Lighthizer Thursday that passage of labor law reform legislation submitted to the Mexican congress last week is a necessary first step before they support the U.S.-Mexico-Canada Agreement.
House subcommittee Dems criticize Transportation budget request Transportation Secretary Elaine Chao on Wednesday defended the proposed budget, a 4 percent decrease from FY 2019-enacted levels.
Study finds LNG reduces greenhouse gas emissions SEA/LNG and SGMF commissioned the study, which found gas-fueled engines reduced well-to-wake greenhouse gas emissions up to 21 percent for two-stroke slow-speed engines.
WTO head: Restrictions put on $580 billion of trade in 2018 In Washington, Director-General Roberto Azevedo talked about the impacts of restrictive measures like tariffs on overall global trade and prospects for reforming the multilateral body.
ARA fuel oil stocks fall 4% on week amid sluggish movement east Volumes traded in the Platts Market on Close assessment process for 3.5% fuel oil FOB Rotterdam barges have reached 304,000 mt in April so far, with offers dominating the market as sellers looked to relieve the region of product.
Rotterdam bunker fuel tightness supports gasoil barge differentials: sources Tightness in the bunker market in Rotterdam is understood to be supporting regional 50 ppm and 0.1% sulfur gasoil barge differentials, sources said Friday.
Chevron to buy Anadarko Petroleum in $50 billion deal Chevron's acquisition of Anadarko petroleum, announced Friday, would vault the combined company into the top tier of Western oil majors, alongside competitors such as ExxonMobil, Shell and BP.
FUTURES 5: Crude finishes week higher, shrugs off rising US rig count An uptick in the US oil rig count sent oil futures sharply lower in the last minutes of trading Friday, but prices still settled in positive territory amid an overall tightening global supply outlook.
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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