MJP books multi-vessel Taiwan Coast Guard order Uppsala, Sweden, headquartered Marine Jet Power (MJP) has been awarded a multi-unit, multi-year contract with CSBC Shipyard to provide propulsion for 15 Taiwan Coast Guard (TCG) 100-ton class vessels . The 34-meter
VIDEO: Metal Shark to build next gen Miami-Dade fireboats Jeanerette, La., headquartered shipbuilder Metal Shark is to build the next generation of fire boats for the Miami-Dade Fire Rescue Department. Miami-Dade has selected the Metal Shark "50 Defiant X" fireboat, a
Frank Coles rolls out new strategy for Wallem Frank Coles is putting his stamp on Hong Kong headquartered Wallem Group, where he became Chief Executive Officer last October after stepping down as Transas Leader at Wärtsilä Voyage Solutions. With over
Environmentalists protest Carnival London AGM Activists from environmentalist group Stand.earth used today's Carnival Corporation's annual general meeting (AGM) in London to stage protests against the cruise giant's environmental policies. Pointing to revelations in recent U.S. court filings,
Tanker owner "shocked" to be on OFAC sanctions list Italian tanker operator PB Tankers said yesterday that it was "shocked and concerned" that it had been designated by the U.S. Treasury's Office of Foreign Assets Control as subject to sanctions aimed
Scorpio Bulkers announces sale and leaseback deal The firm will sell six ultramax vessels that it will take back on eight-year bareboat charters
Diana Shipping continues with share buyback programme and fleet sale Greece-based bulker owner also maintains pace of fleet disposals with fifth recent panamax sale
Rio Tinto cuts iron ore production guidance due to cyclones and fires Rio Tinto expects full-year iron ore output at 333m to 343m tonnes from a previous forecast of 338m-350m tonnes
Brightoil chairman steps aside after bankruptcy ruling The move comes as the privately run company is mired in financial troubles, amid attempts launch to workout plan led...
Transpacific carriers succeeding with bunker charges The narrowing spread between high- and low-sulphur fuel could mean that transpacific carriers already have their costs covered
Tristar orders six tankers from Hyundai Heavy The 25,000 dwt oil and chemical tankers will be chartered by Shell and delivered between 2020 and 2021
Stars will 'start to align' by third quarter, says Alphatanker Alphatanker sees the foundations being laid for a strong year in 2020 that it thinks will be similar to 2015
Songa Bulk to merge with AGS The former dry bulk player is moving into the to seismic business
New Malaysia rail link gives options for shippers Current volumes are low however and market penetration will ultimately depend on end-to-end supply chain costs, analysts warn
Hutchison upgrades Felixstowe cranes New remote-controlled electric powered cranes will allow port to cope better with peaks in demand
Carriers seek digital standards to boost services The Digital Container Shipping Association will provide a blueprint for developers to create new services and products to a common...
Busan may perform first ship-to-ship LNG bunker operation in Asia Hapag-Lloyd has opted to fit retrofit boxship Sajir with a 6,500 cu m tank and this predisposes the shipping line...
BW Group increases stake in Epic Gas The company is still short of its target as the deadline day surrounding a takeover arrives
Daily Briefing Venezuela 'false berthings' off Trinidad further obscure oil exports | HHI wins another LNG carrier order from Capital Gas |...
Singapore detains PDVSA vessel The arrest comes several weeks after BSM confirmed it would be handing back all the tankers it manages for PDVSA
Race to the wire in Vancouver GCT's legal move comes at a crucial moment as the Canadian parliament is considering national legislation that would amend current...
SMBC leads in project financing for Modec, Mitsui's FPSO Mitsui & Co and Modec last year signed a letter of intent with Eni for a 15-year fixed term FPSO...
Cosco Shipping shuffles management Mr Sun remains as a director and the deputy party secretary of the Cosco Shipping group
Cameron LNG begins commissioning first train The company expects to begin LNG production this quarter and phase 1's three trains will have a projected capacity of...
Chevron bids $33bn for Anadarko Petroleum The deal would boost Chevron into the ultramajors, increasing its presence in the Permian and US Gulf, and giving it...
Box lines launch Digital Container Shipping Association Container line standards body formed after finally receiving regulatory clearance from the FMC that will allow it to provide a...
Intertanko's proposal to cut sulphur was ahead of its time I am convinced our plan would have provided a much better, cleaner outcome
Sanko Line orders first newbuilding in seven years Sanko Line has turned to Japan's Tsuneishi Shipbuilding for its first newbuilding order in seven years. The Tokyo-based shipowner has commissioned an 82,000-dwt bulker for delivery in the fourth quarter of 2020. Sanko disclosed the order for the scrubber-fitted vessel in a single-'line statement on its website last week but did not reveal the shipyard, the price or its motivation in placing the
Haji-Ioannou company sues Sri Lankan state oil company A company linked to Cypriot billionaire Polys Haji-Ioannou is suing Sri Lanka's state oil company for $8m, alleging unpaid bills and a wrongful arrest. Argos Shipping, registration company for 34,995-dwt Argos (built 1996), filed suit in Houston federal court Monday alleging Ceylon Petroleum Corp chartered the tanker, failed to make agreed upon payments, then had the ship arrested in Sri Lanka an
US port ban on Carnival ships could be 'catastrophe' Federal judge may temporarily prohibit Arnold Donald-led company for violating probation linked to environmental offences.
Lawsuit: OHT ship damages Navy newbuild in crash A crash involving an Offshore Heavy Transport ship did more than $60m in damage to Huntington Ingalls' Mississippi shipyard and an under-construction US Navy warship, a lawsuit filed in federal court last week alleges. The suit accuses the 64,900-dwt Hawk (built 1989) of losing control as it delivered a floating drydock to the US shipbuilder's Pascagoula, Mississippi facility 29 March, hitting a
Scorpio Bulkers strikes sale-and-leaseback for six more ships Emanuele Lauro-led bulker player has agreed to sell the ships to Chinese conglomerate AVIC International.
Endre Rosjo builds R-Bulk fleet as it returns to profit in 2018 The Norwegian investor Endre Rosjo is boosting the fleet of the limited partnership R-Bulk. The company, in which Rosjo has a 75% stake, has bought the Oshima built 50,000-dwt Yunga (built 2010), its annual report says. Expanding M&M Bank seeks to raise more equity Rosjo joins big guns at M&M Bank UK based online platform VesselsValue says the bulker is worth 12.7m. The purchase came during
Feline stowaway survives a month in a container An orange tabby cat has pulled off an astonishing feat of endurance by surviving a whole month in a container being shipped from China to Canada. The emaciated six-year-old female was found among pallets and foam pellets in a box that arrived in Vancouver from Shenzhen. CBC cited the animal charity SPCA as saying the animal had no food or water. So how did it stay alive? By licking the condensa
Cargill forecasts upside in bulker rates despite current market weakness Trading giant says recovery in Brazilian and Australian iron-ore exports and a US-China trade deal can push up earnings later this year
NAO PSV out of winter layup for Apache deal Emanuele Lauro-led Nordic American Offshore (NAO) has brought a platform supply vessel (PSV) out of winter layup for a new term contract. Public offshore firm was never the plan, says Emanuele Lauro Apache has awarded a trio of one-year deals for work off the UK, Seabrokers said, with the 4,200-dwt NAO Thunder's (built 2013) contract starting in May. Broker Westshore lists the ship as fixed to
Layup list to shrink as PSVs bask in endless summer Clarksons Platou Securities is tipping a big fall in laid-up platform supply vessels (PSV) as a buoyant North Sea market basks in an "endless summer." Turner Holm, managing director of equity and credit research, and analyst Sven Sele, said the sector is "unseasonably strong", with 2019 the strongest first quarter for spot rates since 2014. Pareto finally offloads PSV trio SD Standard Drilling
Tristar confirms six chemical tankers at Hyundai Mipo The Dubai-based Tristar Group confirmed it has ordered six 25,000-dwt IMO type 2 chemical tankers at Hyundai Mipo Dockyard (HMD) for delivery between 2020 and 2021. The ships have been placed under a long-term charter contract from oil major Shell and it is understood the order involves Eships, the tanker arm of Tristar. Meiji Shipping back at Hyundai Mipo for Shell product tankers Eugene Mayne
IMO 2020 switch won't be pretty, says Koch Supply & Trading executive Andrew Smiley Shipping vice president says frustration will be felt months ahead of deadline as traders and charterers try to keep using high-'sulphur fuel for as long as possible
Fred Cheng breaks 2019 capesize sales drought with flurry of activity The longest recorded lull in capesize S&P activity may have come to an end - but don't expect a meaningful upturn any time soon, brokers say
Pareto finally offloads PSV trio Norway's Pareto has finally succeeded in selling three platform supply vessels (PSVs) acquired from Bourbon seven years ago. Brokers said the 3,300-dwt Antenor, Asterie (both built 2004) and Bourbon Atlantide (built 2003), owned by Pareto's 3B Offshore, have gone for $0.88m each. Clarksons said A1 Offshore of Denmark has snapped up Antenor and Bourbon Atlantide, with Asterie going to Raj Shippin
Can DNV GL claim to be shipping's largest class society? Latest IACS data shows it depends on which figures you are looking at
Tsakos Columbia phases out cash payments for crew Tsakos Columbia Shipmanagement has phased out cash payments to crew by masters. ShipMoney has rolled out an electronic payment solution on 90 ships, including tankers, boxships and bulkers, following a trial. Seafarers employed on Tsakos-owned vessels operated by Columbia Shipmanagement will have "complete control and access to their wages while onboard ship, including the timing and currency of
Equinor fixes two PSVs from Eidesvik and Havila Equinor has fixed two platform supply vessels from Eidesvik Offshore and Havila Shipping. Eidesvik's 6,200-dwt Viking Queen (built 2008) and Havila's 4,000-dwt Havila Clipper (built 2011) have been fixed for a firm period of four months, plus options. The vessels' respective contracts will both commence this quarter, according to filings from the shipowners on Tuesday. No further details abou
Green activists target Carnival AGM in London Green activists wearing gas-masks have been protesting at US cruiseship Carnival Corp's AGM in London on Tuesday morning. Environmental group Stand.earth said the action at the Mandarin Oriental hotel in Hyde Park was aimed at shareholders. It said their "sombre message" is that "Carnival pollutes" and urged the shipowner to switch to cleaner fuel. Judge may ban Carnival from US ports for waste
Nordic marine insurers see hull premium income soar Cefor members register upturn in hull income as Gard and Alandia grow, but protection and indemnity rates slip further
ITF targets Germany's Bluships The International Transport Worker's Federation (ITF) has started an inspection and auditing campaign on labour standards involving the ships of Johann MK Blumenthal (Bluships) following the detention of one of its vessels in Australia. ITF reveals state of food stores on German bulker German bulker probed after crew complaints The union said it would use its global network of 147 inspectors ar
Arne Blystad moves into seismic sector with AGS merger Norway's Arne Blystad is moving into the seismic survey sector through a merger of his Songa Bulk with Houston-based Axxis Geo Solutions (AGS). The Oslo-listed company, which sold its bulker fleet to Star Bulk Carriers last year, said it will assume the assets, rights and obligations of AGS by issuing shares to AGS investors. Songa deal linked to Star Bulk stock slump Blystad trims Songa Bulk s
Greece loses $1.35bn Hellenic Shipyards appeal Greece has lost an appeal against an arbitration award of more than EUR 1.2bn ($1.35bn) in a case involving Hellenic Shipyards. The Athens court of appeal rejected the government's request to set aside the 2017 decision in favour of Middle East group Privinvest. Court approves Skaramangas liquidation The case related to Greece's default on payments to Privinvest, which is the controlling shareh
BW Group builds Epic Gas stake to 69% Singapore's BW Group has added a significant chunk of Epic Gas stock as its takeover offer nears the deadline. The voluntary bid to acquire all outstanding shares in the VLGC owner has won 1.32m shares, or 1.87% of the company, as of 11 April. Together with previously received acceptances, BW Group has now received a total of 9.95m shares or 14.12%. BW Group offer wins just 0.07% of Epic Gas sh
More problems for owners as Panama Canal cuts draft level again Shipowners are facing having to offload cargo in the Panama Canal after the allowed draft level was reduced again. Panama Canal restrictions pose tanker problems The canal authority said: "Based on the present and projected levels of Gatun Lake for the following weeks, the Panama Canal Authority (ACP) announces that, effective April 30, the maximum authorised draft for vessels transiting the neo
Yantian Express gets Freeport departure deadline But salvor looking to obtain paperwork allowing it to sell some cargo to satisfy security interest.
Rio Tinto shipped 14% less iron ore due to cyclones More bad news for capes as Aussie mining giant says second quarter also likely to be impacted.
BSM behind PDVSA aframax arrest Ship manager fed up with waiting for Venezuelan oil major and tanker owner to pay its bills.
Shell-Keppel LNG bunkering venture reaches milestone Dual-fuel Keppel Smit Towage tugs said to be achieveing fuel efficiencies of 5% using LNG.
Pacific Basin handysize bulker damaged by fire in US The overheating of a crew member's personal electronic device is thought to be cause of fire.
Matson takes delivery of three new cranes The cranes are part of a $60 million terminal expansion and modernization project at its Honolulu hub.
Section 301 bringing crowd of new drawback filers
CBP's COO to oversee commissioner functions Kevin McAleenan, the Customs and Border Protection commissioner who recently was named acting Homeland Security secretary, has appointed Chief Operating Officer John Sanders to oversee the duties of commissioner.
Flowspace raises $12 million in Series A funding Canvas Ventures led the funding round for the on-demand warehousing and fulfillment startup, which was founded in 2017.
Tampa's Big Bend Channel project done a year early Work began in October on the $63 million project, which was expected to take 18 months to complete.
A carrier group for the digital era The Digital Container Shipping Association will focus on driving standardization, digitalization and interoperability in container shipping.
J.B. Hunt's Q1 profits grow slightly Intermodal volumes fall by 7 percent, but a 10 percent increase in revenue per load helps the segment increase revenue by 2 percent.
EU approves first round of U.S. trade talk topics The European Commission is given the "green light" to begin formal negotiations with the U.S. on agreements regarding conformity assessment and eliminating tariffs on industrial products.
CN to invest $80 million in Minnesota
CBP's Easter egg hunt
Rhenus introduces air freight CO2 reduction program
Zanganeh says US refusal to grant Iran waivers would disrupt oil market
Fujairah port expects crude storage to more than double by 2022
US crude stocks expected to build amid refinery doldrums and export slowdown
External: Praxis Energy Agents DMCC
Scrubber uptake, orders nearly double in six months to April: DNV GL Falling futures values for high sulfur fuel oil have incentivized scrubber uptake.
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