Silver Ships wins $11 million Navy contract Silver Ships, Inc., Theodore, Ala., has been awarded an $11,000,149 firm-fixed-price General Services Administration (GSA) delivery order for the construction and delivery of up to 160 high speed maneuvering surface targets, accessories,
Fueltrax and Opsealog expand their cooperation Electronic fuel monitoring systems specialist FUELTRAX is partnering with French based data integration service provider Opsealog to formalize the compatibility of the two companies' offerings. Fueltrax is a smart, self-contained, marine fuel
ClassNK releases cyber security guidance Classification society ClassNK has released its Cyber Security Management System for Ships, providing guidance on ensuring, implementing, maintaining, and continuously improving the cyber security management system of companies and ships with the
New ferry features Danfoss hybrid electric drivetrain Danfoss Editron has provided the hybrid electric drivetrain system powering a new ferry connecting the communities of Thyborøn and Agger in north west Denmark. The ferry, which was delivered by the S'by
Crowley Shipping promotes Goranovic to VP finance and accounting Crowley Maritime Corp. reports that Sandra Goranovic has been promoted to vice president of finance and accounting for its Crowley Shipping business unit, which provides petroleum and chemical transportation; commercial ship management
Thordon SeaThigor shaft seals gain first icebreaker reference Thordon Bearings has received a Canadian Coast Guard contract to supply six SeaThigor shaft seals for retrofit installations on three icebreakers. The 5,910 grt CCGS Pierre Radisson and sister ships CCGS Amundsen
OFAC adds four shipping companies to Venezuela sanctions list The Department of the Treasury's Office of Foreign Assets Control (OFAC) last Friday designated four shipping companies that operate in the oil sector of the Venezuelan economy as subject to U.S. sanctions.
FueLNG completes milestone bunkering operation FueLNG, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M) and Shell Eastern Petroleum (Pte) Ltd, has set a new industry milestone for Singapore by completing its 100th LNG bunkering
Italian shipowner 'shocked and concerned' by US sanctions listing The inclusion of PB Tankers in the Ofac listing will be of great concern to other European shipowners who remain...
Venezuela 'false berthings' off Trinidad further obscure oil exports Ships appear to be collecting oil cargo at Venezuela before stopping off at Trinidad and Tobago and then setting off...
Denmark turns to drones for sulphur compliance The Danish Maritime Authority says the drone will patrol the area north of the Great Belt
K + N claims a first with new online seafreight service Logistics firm offers to pay the price if it cannot live up to its delivery promises
Braemar appoints Ronald Series as chairman Braemar chief executive believes company board now has the right mix between international and shipping experience
Tougher action urged on misdeclaration of cargoes The prospect of a major incident happening in port close to a population or commercial centre was brought up as...
Transpacific spot rates hold key to contracts Analysts fear the end of the trade war sugar rush could make it harder for carriers to fix higher contract...
Industry push for compulsory bunker supplier licences Shipping giants unite to demand that countries introduce mandatory licensing schemes for fuel oil suppliers
HHI wins another LNG carrier order from Capital Gas Shipbuilder expects to receive more LNG carrier newbuilding orders this year amid tightening environmental rules
ICTSI in talks with banks to take over Hanjin's Philippines yard The ports operator has wide experience in less-developed regions and acknowledges that road infrastructure at the shipyard facility is relatively...
Keppel Gas imports first LNG spot cargo from North America The gas will supply downstream customers and end users, including its own Keppel Merlimau Cogen 1,300 MW combined cycle gas...
Daily Briefing Governments home in on shipping's GHG goals | UK port state control unmoved by Brexit
Future decarbonisation targets require immediate innovation, says ABS A more urgent and holistic approach to sustainability is required. 'We're not going to be able to replace the entire...
Woodside starts trucking LNG from Pluto complex Australia Bunkers Tankers and Gas
Maersk Line warns against excess state intervention in building boxships World's largest container carrier concerned that government support in Asia in hampering competition
PB Tankers denies alleged Venezuela dealings, will fight PB Tankers is "shocked and concerned" at the recent sanctions levied against it by the US government. In a statement Monday, the Italian tanker owner said it was never contacted directly by the US over allegations that six of its ships - nearly its entire fleet - was operating in Venezuela and only found out it had censured from news reports. "[We] will be taking immediate steps to ensure that b
Diana Shipping continues panamax sales and share buyback Simeon Palios-led bulker owner getting just under market value on ships
Second Gourdomichalis bulker seized in ship abandonment case New Pacific Gulf lawsuit reveals 'veil piercing allegations' and details of the 'complex financing scheme' behind ownership of previously detained bulker
SD Standard Drilling venture sells four PSVs in rising market SD Standard Drilling venture New World Supply taken advantage of rising offshore asset values to cash in its four platform supply vessels (PSVs). The company, which is 34.4% owned by Oslo-listed SD Standard Drilling, has sold the 3,300-dwt World Diamond; World Peridot, World Pearl and World Opal (all built 2013). SDSD did not disclose the sale price for the vessels, but said the consideration w
Louis Dreyfus in talks over Toisa PSV France's Louis Dreyfus Armateurs (LDA) is lining up the purchase of a platform supply vessel (PSV) from the fleet of bankrupt Greek owner Toisa. Brokers said the 3,400-dwt Toisa Voyager (built 2006) has been auctioned off for $1m. LDA told TradeWinds it is in talks over the vessel, but nothing has yet been finalised. VesselsValue lists the Chinese-built ship as worth $1.83m. Nokia, Geoquip sna
Pirates "effectively hijack" ship in Gulf of Guinea Pirates ransacked and "effectively hijacked" a merchant ship in the Gulf of Guinea last week, according to maritime security consultancy Gray Page. The company said in an alert Monday morning that the pirates were armed with grenade launchers and rifles. They stole cash and valuables from the crew and stayed aboard for four days, until a Spanish Navy patrol vessel approached after observing it ac
Rate hopes hit as Asian cargo rush slows Container lines' hopes of boosting rates in annual contract renewals are being hit by a slowdown of cargo volumes from Asia to the west coast of North America (WCNA). The tariff wars of late 2018 spurred a rush of boxes heading over the Pacific, shipping consultancy Drewry said, but this trend went into reverse in the first quarter. "Things can change very quickly in the transpacific container m
Paul Dean takes over as HFW shipping head Global law group HFW has announced a change at the top of its shipping practice as it creates a record number of new partners. The company said partner Paul Dean has been elected head of its global maritime operation and a member of the management board. Marcus Bowman stepping down as head of HFW HFW poaches Ince deputy admiralty chief Fenwick Dean also heads HFW's global offshore practice and
Vladimir Lisin plotting merger of Volga Shipping and NWS Russian steel tycoon Vladimir Lisin's UCL Holding is considering a merger of its Volga Shipping and North-Western Shipping (NWS) operations. Lisin merging tanker companies into Volga-Flot Vladimir Lisin plots IPO for 250-ship fleet Volga Shipping has 200 vessels, including tankers, MPPs and general cargoships, while NWS has 57 dry cargo vessels, mostly river-sea ships and MPPs. The Kommersant
John Fredriksen said to sell a second tanker from private fleet Shipping giant John Fredriksen may be selling a second LR2 tanker profitably to trader Vitol. European broker said the 115,000-dwt Sea Pecos (built 2018) is in the process of being sold by Fredriksen's Seatankers for $48.9m. TradeWinds reported last week the tycoon was selling the sistership Sea Tanana (built 2018) to Vitol. John Fredriksen set for profitable private product tanker deal with
Other people's money does not interest Fednav's Paul Pathy Canadian bulker power is a private owner and proud of it
Germany's Erwin Strahlmann sets out its stall with investors Coastal owner with 50 vessels is looking to raise funds by selling a stake
Trafigura taking control of miner Nyrstar Trader and tanker owner Trafigura is taking control of Belgian metals and mining company Nyrstar. It has agreed interim funding arrangements to complete a restructuring with Nyrstar's bondholders, convertible noteholders and bank lenders. "The agreements are an important step towards the successful completion of the restructuring, which will result in Trafigura becoming the majority owner of the
New Braemar Shipping Services chairman is 'best thing for the mix' Ronald Series has today joined Braemar Shipping Services as its non-executive chairman, which the company says is the first step in improving its fortunes. He succeeds shipping veteran David Moorhouse, whose long-anticipated retirement has now become effective. Series is currently the executive chairman of DX (Group), a deliveries and logistics company. He has previously held senior managemen
Havyard Group acquires BWTS company Norwegian shipbuilder Havyard Group is buying a ballast water treatment systems (BWTS) company. It is acquiring a 77% stake in MMC Green Technology from First Process Holding. The transactions is part of Havyard's sale of its 75% holding in MMC First Process to First Process and Credo Partners. The Havyard company provides handling and cooling solutions for fishing vessels and live-fish carrier
Norwegian Hull Club set to reward members after profitable 2018 Bergen-based marine insurance mutual Norwegian Hull Club (NHC) has announced a $9.9m pre-tax profit for 2018 and is set to reward members with a $5.7m cash bonus. The refund represents 7.5% of paid-in premiums and will be decided at its upcoming annual meeting. NHC chief executive Hans Christian Seim said: "As a mutual insurance company, our ambition is to reinvest and share our profits with our
SunStone Ships makes it six newbuildings Miami-based SunStone Ships has firmed up the latest cruiseship newbuilding in its series in China. The company said a deal has been signed for the Infinity Class-vessel at China Merchants Heavy Industry. SunStone Ships poised to order more cruiseships at China Merchants Heavy Industry SunStone president and CEO Niels-Erik Lund said: "We have worked diligently in obtaining the long-term charters
Lloyd's tightens up drinking ban Insurance market Lloyd's of London has tightened up its alcohol ban for passholders. Access to the building will not be granted during working hours if the passholder is "under the influence of alcohol or any illegal drug." The pass is liable to be confiscated and returned to the employee's boss, Lloyd's said. "A passholder is required to act professionally and respectfully towards other users
Diligent pushes expansion with latest supramax purchase Diligent Holdings has extended an impressive run of dry bulk acquisitions over the past three years with the purchase of a supramax bulker. The Athens-based company purchased the 56,100-dwt Future Lily (built 2012) for about $15.2m, according to London brokers. Diligent managers declined to comment, citing standard company policy not to discuss commercial matters. Supramax purchase takes Dili
PDVSA aframax seized in Singapore Iranian-built Arita is once again going nowhere
John Angelicoussis sells vintage suezmax tanker to storage buyer John Angelicoussis has sold the last of his tankers built before the turn of the century. Maran Tankers declares suezmax option Angelicoussis books another LNG carrier at DSME Greek and Korean shipowners push capesize scrapping into double figures for 2019 His Maran Tankers has offloaded the 159,700-dwt Maran Capella (built 1998) at a price market sources pegged at $11.5m. While some brokers
MOL, Mitsui buy into Modec FPSO project MOL, Modec and Mitsui & Co are teaming up to provide a 900,000-barrel FPSO in Mexico. Japan's MOL and Mitsui have invested in Area1 Mexico MV34, a Dutch company established by Modec to engage in FPSO leasing, operations and maintenance services. Japan heavyweights buy into Modec FPSO Modec will retain a 35% stake, with Mitsui having the same holding and MOL 30%. MV34 has a charter agreement wi
Sinokor and Heung-A sign boxship merger deal The boxship merger between Korea's Sinokor Merchant Marine and Heung-A Shipping will be finalised in October. A deal to unite their container shipping services was signed last week, according to the ministry of oceans and fisheries and the Korea Ocean Business Corp (KOBC) fund, the Maeil newspaper said. Sinokor and Heung-A merging boxship operations The two companies had previously teamed up wi
Veteran cargoship on auction block in Canada A veteran general cargoship has been placed on the sales block in Canada. Halani OSV duo going under the hammer in Namibia The 7,400-dwt Ethan (built 1975) will be auctioned on 1 May. It is currently docked in the port of Quebec. VesselsValue assesses it as worth $1.35m. Clarksons lists the owner as unknown. Equasis and IHS show D&D Investments as the owner, but the last Equasis update was in
Shell keeps GEOS PSV in Nigeria Norway's Golden Energy Offshore (GEOS) has won another charter for one of its platform supply vessels (PSVs) in Nigeria. Golden Energy adds to charter backlog The company said the 3,200-dwt Energy Scout (built 2005) had been signed on a medium-term deal with Shell Petroleum Development Company until the end of July, with options to extend. The vessel had previously been fixed by Shell sister co
Hyundai grabs gas and tanker deals worth $600m World's largest shipbuilder says it is expecting large-scale orders for LNG carriers later this year.
Keppel Corp completes maiden LNG import from US Spot cargo of 160,000-cbm of LNG originated from a liquefaction project in North America.
Gulf of Mexico has highest level of OSVs in layup VesselsValue says 1,270 out of total fleet of 4,951 offshore support vessels are still without work.
Commentary: DP World expands South American footprint The Dubai-based company has acquired Chilean port terminal operator Puertos y Logistica S.A.
Port of Los Angeles to vote on Pier 400 automation International Longshore and Warehouse Union opposes plan to automate the APM Terminals container facility.
Trump and Pelosi to meet on infrastructure The two have reportedly agreed "to meet soon," according to White House spokesman Judd Deere.
Toll signs $1.15 million contract with Kontainers
Kuehne + Nagel pledges to provide guaranteed lead time
Port of Virginia reports 2.4 percent Q1 growth
Alabama man convicted in FMCSA hacking case
Lowest month for trailer orders since September 2016
Threatened Russian refining upgrades may hamper HSFO destruction: OIES Investments in refinery upgrades lower than previous expectations.
Long delays at terminals add to Rotterdam bunker market tightness: sources
External: Praxis Energy Agents DMCC
SINGAPORE DATA: Mar bunker fuel sales fall 2% on year to 4.09 mil mt "We had expected buying to pick up after the [Lunar] New Year but March had been pretty dead overall," a Singapore bunker supplier said.
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