Evac puts a focus on developing life-cycle services Espoo, Finland, headquartered Evac Group is putting a focus on life-cycle services development. A leading provider of integrated water and waste management systems, along with corrosion-protection systems, the group is now investing
Navy awards GD Electric Boat $2 billion contract mod The U.S. Navy has awarded General Dynamics Electric Boat a $2 billion contract modification for long lead time material to support construction of Block V Virginia-class submarines. The award modifies a contract
VIDEO: Aker BioMarine orders krill harvesting support vessel Krill-harvesting company Aker BioMarine is to build a new, energy efficient vessel with a $65 million price tag to support its Antarctic operations. To be built at the CIMC Raffles shipyard in
BW Group takes majority stake in Epic Gas Andreas Sohmen-Pao's BW Group is on the acquisition trail again. Today it reported that it hadpurchased a 54.7% stake Epic Gas from key shareholders and launched an unconditional tender offer to acquire
Ship-to-ship transfers obscure Venezuelan oil trades Venezuelan crude exports are now down to 350,000 barrels a day, according to latest Lloyd's List Intelligence data
UK seafarer tickets will be invalid after Brexit 'We are confident EU will accept UK training is high quality, and want to recognise us as third country,' transport...
Seanergy keeps faith with capes despite loss Greek owner focusing on preserving liquidity and charterer-funded scrubber programme
Vale wins permission to restart Guaíba terminal Lloyd's List Intelligence data shows one vessel has called at the port
Boxships are major contributor to GHG emissions Study claims just 2,000 container vessels cause one-third of emissions from deepsea cargo shipping, while bulkers and tankers are three...
Sovcomflot targets continued growth Sovcomflot's chief financial officer tells Lloyd's List that the company has an $8.4bn backlog from long-term contracts
Poland's DCT Gdansk terminal sold The new owners of the DCT Gdansk terminal, which is expected to reach full capacity utilisation in coming years, say...
Consortia block exemption battle heats up Conflicting reports from the World Shipping Council and the ITF make differing claims over the benefits of alliances on service...
Singamas in agreement to sell assets Deal comes after rumours that Cosco Shipping is behind the buying interest
Nanjing Tanker in profit after relisting Shanghai-listed NJTC has a fleet of 61 vessels, most of which are product tankers
Chaucer signs up to Quest Marine insurtech platform Under a new deal, the marine team at Chaucer have access to Quest Marine platform, which analyses billions of historical...
DNV GL opens AI research centre in Shanghai DNV GL is expanding its presence in Asia from Singapore, where many of its research and development facilities are currently...
Daily Briefing Cosco's 'strategic' ship plan faces commercial challenges | Sulphur cap could spur transhipment and slow steaming | Transpacific rate misery...
BW Group makes bid for Epic Gas Update: Epic Gas says it wants to purchase modern, secondhand LPG carriers
US LNG exports surge 75% in January Twenty-eight of the 37 shipments come from Cheniere Energy's Sabine Pass terminal
New blow to minor bulk owners as canola feud boils over If this is indeed the start of a new trade war between Beijing and Ottawa, this could have significant repercussions...
ExxonMobil preparing to supply IMO-compliant fuel Company has named Antwerp, Rotterdam, Genoa, Marseilles, Singapore, Laem Chabang (Thailand) and Hong Kong where compliant fuels will initially be...
Straits Inter Logistics sells bunker stake to fund fleet acquisition SIL has also through a tie-up with Hong Kong-based Banle Energy International, gained access to the latter's customers who...
California ports see steep drop-off in throughput 'With an uneven trade flow, we will be closely evaluating next steps for enhancing supply chain efficiencies' - Gene Seroka...
Port of Corpus Christi to vote on leasing land for new terminal The port's commissioners will vote on whether to approve the plan for a marine terminal, petroleum storage facility and two...
Cosco rides wave of optimism on VLCCs Chinese state giant secures front cover with ExxonMobil and Trafigura amid renewed strength in VLCC trade
S Livanos returns to Japan Marine United for second VLCC S Livanos company Sun Enter'prises has ordered another VLCC newbuilding at Japan Marine United (JMU), shortly after taking delivery of the first sistership it booked there. The Greek company's website revealed it has a 301,500-dwt tanker under construction at the yard, due to be delivered in 2020. The IHS Markit online shipping directory identified the vessel as Hull No 5176 at JMU's Ariake ship
Maersk lets go of Total stake Danish shipping giant places ordinary shares in Paris-listed oil and gas company with institutional investors.
DNV GL predicts peak tanker demand within 12 years In tonne-mile terms, the German-Norwegian class society expects demand for crude tankers to peak in 2027 and for product tankers in 2031.
Kilcullen steps down from Team Tankers C-suite Kevin Kilcullen has resigned his post as chief financial officer at Team Tankers International. The Oslo-listed shipower announced the move, effective 17 April, Tuesday morning. The company said he was pursuing "another professional opportunity." Taking his place will be Jens Gisle Schnelle, Team Tankers' current head of financial planning and analysis. Team Tankers suffers loss in third quarte
Vale puts capesize bulker on the market as scrapping accelerates Brazilian miner Vale is set to sell a capesize bulker and is inviting offers, TradeWinds has learned. The 169,100-dwt Ore Guaiba (built 1999) could likely fetch around $10m, brokers said. The Korean-built cape was purchased from Sincere Navigation for $36m in May 2009. VesselsValue.com estimates the 20-year-old ship is today worth $9.57m, the same as its potential demolition value. Vale has a
Seanergy 'remains optimistic' on capesizes amid US-China trade tussle, Vale dam disaster Stamatis Tsantanis-led capesize specialist improves revenue but widens loss during fourth quarter.
ADM targets Chinese bulker with arrest order over berth delay costs A US federal court has ordered the arrest of a Chinese-controlled bulker for a second time after an Archer Daniels Midland unit alleged it overstayed its welcome in a Mississippi River cargo berth. The arrest warrant was issued last Friday following a $1.1m lawsuit in Houston federal court from the US agricultural giant's American River Transportation Co. Ugland moves to arrest Petrakis ship aft
Carnegie tips Scorpio Tankers stock to shine as supply growth hits 20-year low in 2020 Strong demand growth expectations and a sharp drop in newbuilding deliveries have led Carnegie to launch Scorpio Tankers with a buy rating. Scorpio Tankers gets upgrade with IMO 2020 on the way Robert Bugbee talks sibling shareholdings and tactical time charters Bugbee bats away scrubber ban fears for Scorpio Tankers Analyst Marius Furuly picked up coverage of the market leader with rates and
Gulf of Guinea piracy spike continues into 2019 Last year's late spike in piracy off the coast of West Africa has continued into 2019. In the first 10 weeks of the new year, at least 25 seafarers have been kidnapped while traversing the Gulf of Guinea and a Nigerian Navy guard killed in an attack, according to UK security consultancy Gray Page citing data from the International Maritime Bureau (IMB). Bourbon PSV escapes pirate attack Five cr
Seafarer loses leg as cargoship capsizes A Comoros Islands-flagged cargoship has capsized off Iran, seriously injuring a crewman. Two veteran crew killed in tanker fire The Tasnim news agency said all 14 crew from the 4,200-dwt SL Star (built 2007) were accounted for after the incident on Tuesday near the Iranian port of Bandar Rajaei. Several were injured, however, including one who reportedly who lost a leg after containers collapse
Meadway Shipping celebrates headway in the Middle East Meadway Shipping & Trading is celebrating what it sees as a successful start in the Middle East, and its status as a rare Greek dry bulk company that has become an international operator. The company's Dubai branch - Meadway Shipping DMCC - was established in July 2018, eight years after launching its first satellite office in Singapore, with Will Stride as its managing director. Stride was no s
Berge Bulk to sell second vintage bulker in quick succession Berge Bulk is set to sell a second vintage ore carrier for demolition in under a month. Scrap brokers say the 263,000-dwt Berge Manaslu (built 1992) has just been put on the market inviting offers. Berge Bulk nets strong price in ore carrier scrap sale The ship could likely fetch between $18m to $19m, it is estimated. Berge Bulk did not respond to requests for comments. The Berge Manaslu is
Wagenborg inks open-hatch newbuilding Dutch owner Wagenborg has returned to domestic yard Royal Niestern Sander for another open-hatch MPP. The shipbuilder said the vessel will be a sistership to the 14,330-dwt Egbert Wagenborg (built 2017). Construction will begin on the "Easymax 2" design soon, it added. No price has been revealed for the deal. The EasyMax concept was developed by Wagenborg and Niestern Sander. Wagenborg was aw
Bourbon PSV escapes pirate attack A Bourbon platform supply vessel (PSV) has thwarted an armed pirate raid off Nigeria, it has emerged. The French shipowner confirmed to TradeWinds that the 3,700-dwt Bourbon Explorer 502 (built 2007) had come under attack, but all crew were safe and well. Five crew reportedly kidnapped from OSV off Nigeria Vesseltracker reported that the ship was underway off Bonny Island on 28 February when it
New Noble seeks financing partners Singapore's restructured Noble Group is on the hunt for new banking and trade finance partners following its rebirth in December. A new company has been formed from the ashes of "Old Noble", a trader and bulker owner, with substantially all of the assets and business being transferred. Creditors have taken over 70% of the new entity, with 20% held by shareholders of the previous company and 10%
Deutsche Bank, Commerzbank start merger talks German shipping lenders Deutsche Bank (DB) and Commerzbank have begun merger talks in a bid to create Europe's second-largest banking group. Only HSBC would be bigger if the two sides pull off a deal, after confirming discussions this week. DB said: "In light of arising opportunities, the management board of Deutsche Bank has decided to review strategic options. "In doing so, the management boa
Shearwater GeoServices wins survey work off Turkey Shearwater GeoServices has been awarded a new offshore survey contract for work in Turkey. The company will undertake seismic acquisition and depth processing work for exploration firm Turkiye Petrolleri Anonim Ortakligi (TPAO), which is backed by the Turkish Wealth Fund. Shearwater's 112-metre survey vessel Polar Empress (built 2015) begin work in the second quarter and will cover an area of 2,
Vitol revenue hits $231bn as volumes rise Trader and shipowner Vitol has logged revenue of $231bn for 2018 as oil volumes rose. It traded 7.4m barrels per day (bpd) of crude oil and products last year. CEO Russell Hardy said the performance was "stable." Vitol boosts tanker fleet with Sargeant deal "We continue to manage our business prudently with a focus on the careful management of both physical and financial risks," he added. Cru
Aker BioMarine orders multipurpose ship Kjell Inge Rokke's Aker BioMarine has ordered a new multipurpose transport vessel for its krill operations. Finnish group Wartsila has been awarded the contract to design the unit for work in Antarctic waters. The ship will be built at CIMC Raffles in China. The vessel will be 168 metres long and have a capacity of 20,300 dwt. It will use a four-stroke Wartsila diesel engine. The ship will ca
Panama Canal restrictions pose tanker problems New draught restrictions in the Panama Canal are posing a potential headache for tanker owners. Fotios Katsoulas, a liquid bulk analyst at IHS Markit's Commodities At Sea, said the Panama Canal Authority (ACP) is imposing a maximum draught of 13.72 metres due to projected rain and water levels in the coming weeks. Bulkers collide in Panama Canal "This is expected to have a huge impact on trade
Ezra tries to recover $50m paid to UOB Restructuring Singapore offshore shipping group Ezra Holdings is trying to recover $50m it paid to lender United Overseas Bank (UOB) while insolvent. OCBC forces sale of Ezra yard stake According to a US bankruptcy court filing cited by Bloomberg, the repayment of the facility in December 2016 fell within the 90 days preceding its bankruptcy filing in March 2017. It claims this makes it avoidab
Carriers snub spot market for smaller containerships Surge in orders for small and medium-size vessels set to reshape charter market, says French broker
Indian Register moves in on Greek ferry market Greece's coveted shipping market is about to become even more crowded in terms of classification, with the Indian Register of Shipping (IRClass) stepping into the sector. IRClass has recently certified three new Greek-owned vessels and expects to add more, managing director Suresh Sinha told TradeWinds. "Greek owners and shipyards want more and more competition and more and more players to offer
Hanjin's Subic yard could become a terminal Hanjin Heavy Industries & Construction's Philippines (HHIC-Phil) shipyard may become a multipurpose terminal, if Philippines ports giant International Container Terminal Services (ICTSI) takes over its restructuring. Cash-strapped shipbuilder HHIC-Phil halts production CMB keen to secure its four newbuildings at HHIC-Phil "Still working, trying to put the team together because we are not just l
Owners order boxships at Dae Sun Two South Korean owners have ordered feeder boxships at the country's Dae Sun Shipbuilding & Engineering. The yard said on Tuesday that Namsung Shipping and Pan Continental Shipping had each contracted a 1,000-teu unit. The eco-pair will be fitted with scrubbers. Namsung signed for its firm vessel in November, with an option attached. It has 25 operational feederships. Pan Continental has a
MacLeod takes over at expanded Rever Offshore Rever Offshore has appointed Bibby Offshore managing director Barry MacLeod as its new chief executive. MacLeod replaces Mark Bessell, who stepped down from the role last month for personal reasons, it said. Bibby became part of the Rever group following its sale by Bibby Line to bondholder York Capital's Fara Holdco last year and merged with two other York companies, Norway's Rever and Cecon Co
Andreas Sohmen-Pao strikes again as BW Group takes control of Epic Gas Acquisition target also announces plans to purchase modern second-hand LPG carriers.
Lauritzen, Maersk and Torm join autonomous ship initiative Three-year project brings together 30 of Denmark's top maritime companies and researchers.
Singapore's PSA linked to bid for Poland's largest box terminal Consortium could make an offer for 3m-teu capacity facility this week, say media reports
Ocean Tankers makes rare second-hand VLCC purchase Singaporean tanker owner tied to Agritrade VLCC as Hong Kong-listed owner exits the sector
Stolt's new Australian terminal hosts first tankers Largest tanker arrival said to be the culmination of significant investment in Newcastle.
Costa cruiseship escapes unharmed from Meyer Turku fire Finnish shipyard says damage is "minor" and that it won't effect vessels delivery schedule.
Container carriers parry critics of consortia New study from World Shipping Council outlines benefits of vessel-sharing agreements as European regulators study whether to extend antitrust protections past April 2020.
CEVA recommends holdouts sell shares to CMA CGM Rodolphe Saadé, CEO of CMA CGM, is expected to be elected as chairman of CEVA during annual meeting in April.
Maersk selling shares in French oil company Total
NFI Industries picks up SCR Air Services
Steve Cernak, Port Everglades director, dies at 63
OFAC ratchets up Russian sanctions
PSA International among group acquiring DCT Gdansk
Crude faces headwinds amid reports of US-China trade deal delay Crude prices settled mixed Tuesday after retreating from overnight highs
NOC chair sees boost to Libyan crude output Libiyan crude oil production has recovered
Uncertainty for Kazakh oil sector as Nazarbayev resigns Nursultan Nazarbayev, announced his resignation on Tuesday after nearly 30 years at the helm of the Central Asian country
Middle East crude steady while OPEC keeps market guessing on output cuts Middle East sour crude was trading largely steady Tuesday morning in Asia
US DATA: EIA says November residual fuel oil exports to Panama climb on year US residual fuel oil exports to Panama totaled 856,000 barrels in November, up 356,000 barrels from a year earlier
China's bunker fuel demand to remain weak on poor bulk carriers market "It is usually quiet seasonally after Chinese New Year, but this year [the weakness] is compounded by the situation at Vale," a trader said.
Stena Bulk to install scrubbers on up to 16 tankers before Jan 2020 Payback time of the investment was between 1.5 and 2.5 years, which has already been secured by hedging the fuel spread, the company added.
Asia LSFO premium hits highest level for 2019 on stockpiling demand for IMO 2020 "I believe stockpiling demand is supporting the premiums," a trader in Singapore said.
Italy's Fratelli Cosulich plans more barges in Singapore after latest addition "We expect to add one to two more (owned) by the end of the year in order to have a fleet of nine," he said.
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