Following RO/RO fire, Grimaldi Group seeks new controls on cargo units The Naples, Italy, headquartered Grimaldi Group reports that a fire that broke out on board its RO/RO vessel Grande Europa during the night of the 15 May, while she was sailing about
SCA honors Fincantieri Marinette Marine safety achievements Fincantieri Marinette Marine was honored for its exemplary safety record by the Shipbuilders Council of America (SCA), at a ceremony during the council's annual meeting in Washington D.C. May 16, 2019. Fincantieri
Wight Shipyard unveils hybrid patrol vessel U.K. shipbuilder Wight Shipyard Co, (WSC) is introducing a hybrid patrol vessel that aims to help operators such as port and river authorities, police, and defense agencies meet strict new pollution limits.
Damen Mangalia cuts steel for $468 million diamond mining vessel Damen Shipyards Group and De Beers Marine Namibia (Pty) Ltd (Debmarine Namibia) have marked the start of construction of a new diamond mining vessel with a steel cutting ceremony held at the
BIMCO elects its first female President Sadan Kaptanoglu, managing director of Turkey's HI Kaptanoglu Shipping, was elected President of BIMCO - the world's largest shipping association - at its General Meeting in Athens on Tuesday, May 14. "It
Is the worst over for capesizes? Higher volumes from Brazil and Australia lend support, says an analyst, although there is heavy congestion in those regions
Waiting for the great leap forward The shipping industry requires immediate innovation and urgent action to navigate its way from digitalisation to decarbonisation
The Lloyd's List Innovation Forum: Ideas to revolutionise shipping At Nor-Shipping on Monday, June 3 Lloyd's List will gather some of the smartest minds in shipping to discuss the...
Carriers' digital standardisation lobby means business CMA CGM, Evergreen Line, Hyundai Merchant Marine, Yang Ming and ZIM joined the DCSA's four founders this week to bring...
The Lloyd's List Podcast: Live from Global Liner Shipping Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
IMO to assess the future of open-loop scrubbers MEPC 74 approves a proposal by the EU to evaluate and harmonise rules for scrubber discharges
Steamship Mutual combined ratio hits 116% as club stays silent on bottom line Several factors contributed to the high combined ratio, including higher 2018-19 policy year claims than originally projected and lower levels...
Baltic Exchange Council names Petropoulos as chairman Mr Petropoulos, who spent seven years running Braemar's office in Singapore, will assume the role in June
Between the lines: front-loading heavily tilted towards US west coast West coast ports won a bigger share of growth than east coast rivals in the last quarter of 2018, but...
How to create value beyond the vessel Circling disrupters are already cherry-picking lucrative models from an increasingly digitised shipping industry, seeking to monetise the data from operations...
Daily Briefing Trade spat with China slows FIDS on new US LNG capacity | Marine insurers defer war risk premium decision over...
The Interview: Hugo De Stoop Euronav's chief executive explains why the company will stick to crude tankers despite expecting peak oil demand in the next...
DSME profit slides as HHI workers strike over merger Recent deliveries of drillships and an order backlog for LNG carriers is expected to boost earnings in the future
Japan Engine, NYK team up for biofuel bunker trial NYK Line, which recently participated in a pilot truck-to-ship LNG bunkering operation in Japan, is researching the use of alternative fuels as...
IMO rejects push for immediate fuel switch in the Arctic MEPC 74 did not support a proposal by NGOs to require ships to switch to distillate fuels in the Arctic
Tariffs likely to affect US port throughput, but not revenues Forecast by Fitch Ratings says that US port throughput might fluctuate as Sino-US tariff spat continues and also says that all-water...
Grimaldi appeals for greater controls on ro-ro and container cargoes after blaze Incident involved two fires that broke out in separate vehicles, says Italian operator, citing frequency of cargo fires
Danaos gets lift from Seaspan's $1bn loan programme Perhaps the John Coustas-led boxship player can take page out of Seaspan's book, Jefferies analyst Randy Giveans said.
Iran's Revolutionary Guards 'highly likely' to have attacked ships in Fujairah Iran's Revolutionary Guards (IRG) are "highly likely" to have had a role in sabotaging four tankers off Fujairah in the United Arab Emirates last Sunday, according to Reuters reports. The hulls of tankers owned by interests in Saudi Arabia, UAE and Norway were damaged by explosives in the attack this week. Mystery deepens as tanker attack damage revealed Two Saudi tankers among those attacked
Vale warns of potential tailings dam collapse Vale says it has detected movements at its Gongo Soco iron ore mine in Brazil, which could threaten a nearby dam. Iron ore production ceased at the Gongo Soco mine in April 2016, so Vale's safety warning is not expected to further impact Vale's production outlook and subsequently the capesize market outlook. Cleaves says the only way is up for capesizes Chinese appetite for scrap steel is a s
De Beers orders $468m diamond mining ship at Damen Expanding Dutch group Damen Shipyards has branched out again with an order for the world's first custom-built diamond mining ship. De Beers Marine Namibia (Debmarine) said the deal is worth $468m. De Beers orders biggest mining ship for $142m The crawler diamond recovery vessel will be its biggest ship at 177 metres in length. It includes a dynamic positioning system (DP2) based on a seven-thr
NYK develops first compliant additive for LSFO NYK and its group company Nippon Yuka Kogyo have developed what they say is the first IMO 2020-compliant additive for very low sulphur fuel oil (VLSFO). The idea is for the product, Yunic 800VLS, to help prevent engine problems that could be caused by certain constituents of the fuel. NYK said it began examining VLSFO at an early stage and developed Yunic to disperses asphaltene and paraffin to
POSH claims victory in Makamin charter case Singapore's PACC Offshore Services Holdings (POSH) says it has won a long-running court case in Saudi Arabia over OSV charters. The Robert Kuok-controlled company said a Saudi court has issued a judgement in favour of its subsidiary POSH Semco against Saudi outfit Makamin Offshore. It is now entitled to SAR 26.14m ($6.97m) for its principal claim. POSH increases claim in Makamin charter row Th
The shipping analyst who really runs America From Boston to Houston, from New Orleans to Las Vegas - and next month the Wall Street Decathlon - Randy Giveans is a man on the go
Swire to scrap elderly MPP at HKC-compliant yard Hong Hong's Swire group is to scrap a veteran MPP in India. Its Swire Shipping unit said the 23,000-dwt Kweichow (built 1994) would be recycled sustainably next month "after years of reliable service." The work will be carried out at a Class NK-certified and Hong Kong Convention-compliant facility in Alang. VesselsValue assesses the ship as worth $4.08m for both further trading and scrap. Swir
TNG fixes out MR tanker on term deal Croatia's Tankerska Next Generation (TNG) has clinched a new charter for one of its MR tankers. TNG secures more MR tanker cover A "prominent charterer" has taken the unnamed vessels for between six and 12 months with immediate effect. The rate is $17,000 per day. "The negotiated conditions are thoroughly in line with the company's strategic concept that focuses on the efforts to secure a stro
Maersk books up to 10 feeder boxships at Jiangnan Shipyard Maersk approached shipyards for the feeder boxships newbuildings since last summer
Carnival of colour: How Joe Farcus and Ted Arison gave cruise a makeover Designer Joseph Farcus explains how his over-the-top interiors and creative partnership with Ted Arison helped turn Carnival into the most successful cruise brand of the modern age
Veteran Denis Petropoulos to target next generation from Baltic Exchange chair Denis Petropoulos has been elected chairman of the Baltic Exchange Council and will start in the new position on 1 June. He will replace Duncan Dunn, who has held the post since January 2018. Big name trio join Baltic Exchange Council "During my term in office I intend to pay particular attention to raising awareness of the maritime industry to the younger generation," Petropoulos said of his n
Claims hit Steamship Mutual earnings UK based Steamship Mutual recorded a technical underwriting loss in its latest policy year because of an increase in claims. Its combined ratio, which indicates its underwriting performance, was 116% in the year to 20 February 2019, compared to 101% in the previous year. A combined ratio above 100% indicates claims costs exceeded premium income and expenses. "Increasing levels of claims from m
Pacific Basin Shipping finances bulker buys with new revolver Pacific Basin Shipping has secured a new revolving credit facility secured against 10 of its ships. The new $115m loan has a seven-year tenor and has been provided by a syndicate of three unnamed "leading international banks". Pacific Basin reveals new bulker buys as rates fall Deflation of dry bulk balloon fails to dent Pacific Basin Shipping's growth ambitions Pacific Basin Shipping profit p
Scafi buys 50% of Vernicos to form new towage company Greece's Vernicos Tugs & Salvage and Italy's Scafi Societa di Navigazione have joined forces to create a new towage player. Mediterranean Tugs formed after Greek merger Scafi has bought 50% of its Greek partner to form Vernicos Scafi for operations in Greece with 40 tugs. The new company will be headed by president Dimitris Vernicos and vice president Paolo Visco. Vernicos said the investment
Frontline eyes growth with backing of Fredriksen X-factor John Fredriksen's Frontline is eyeing expansion with the backing of its billionaire chairman, which will allow it to execute deals many others can't match, a top executive says. Speculation swirls around suezmax tanker resale swoop by John Fredriksen Frontline profit soars as tanker rates rise Shipowner John Fredriksen to mark 75th birthday as 'richest Norwegian ever' It comes at a time asset
Rina reveals 10% fleet growth Italian classification society Rina has said marine performance has been strong so far in 2019 as it built its fleet. The classed fleet has reached 44m gt, up 10% since 2017. It has more than 5,500 ships on its books. Rina and Bureau Veritas differ on classing Iranian ships Revenue for 2018 was in line with the previous year at EUR 440m ($492m), while EBITDA was EUR 51m. Rina has a strong posi
Beneteau on board for sailing ship project French yacht maker Beneteau Group has joined domestic start-up Neoline's project to build a sail-powered cargo vessel. It wants to use the ship to export its boats across the Atlantic, Neoline said. Neoline to build cargo sailing ships for Renault Magdeleine Allaume, purchasing and supply chain director of Beneteau Group, said: "The Beneteau Group exports nearly 80% of the boats built in Europe
Conveyor belt collapses on to Greek bulker A conveyor belt has collapsed on to a Greek bulker during loading operations in Chile. Portal Portuario reported that the incident occurred at Puerto Patillos as salt was being loaded on to Laskaridis Shipping's 63,000-dwt Leonidas (built 2017). The country's maritime authority will start an investigation. Port captain Horacio Hurtado told reporters that one person had suffered
Klaveness adds four more options to Cleanbu series Norwegian owner Klaveness Combination Carriers (KCC) has added four more optional vessels to its series of newbuildings in China. The company raised NOK 350m ($40m) this week in a placement, plus a 5% over-allotment, and used the cash to declare options for the seventh and eighth ships in its Cleanbu series at Jiangsu New Yangzi Shipbuilding. TradeWinds has reported these priced at $46.5m. Kla
Eight pirates arrested after tanker hijack Togo has arrested eight pirates after thwarting a tanker hijacking. Watch Spanish troops liberate Boskalis ship Two Togolese and six Nigerians were held in an operation on Sunday, the government said on its website. The gunmen reportedly rented a canoe to launch the raid on a Togolese-flagged ship named as Djetona 1 at anchorage off Lome. They boarded the vessel and took the crew hostage. The
Attica Group buys Danish ro-ro vessel DFD's Anglia Seaways set to join Greek ferry operator's large fleet
Hyundai Heavy to partially shut Ulsan yards due to strike Unionised employees at Hyundai Heavy Industries (HHI) have downed tools in protest at the shipbuilder's deal to take over rival Daewoo Shipbuilding and Heavy Engineering (DSME) HHI said it would suspend production at its shipyards in Ulsan next Monday, Tuesday and Wednesday as a result. It halted production for four hours on Thursday and Friday, it said in a filing. Plants will be shut for an
Trade talks ordered in response to Section 232 autos report President Trump on Friday issued a proclamation directing U.S. Trade Representative Robert Lighthizer to lead U.S. trade talks as the administration seeks to mitigate the "threatened impairment of national security" posed by automotive imports.
U.S., NAFTA partners reach deal to remove metal tariffs The agreement doesn't involve quotas, and the tariffs will be gone in 48 hours, according to reports.
Port officials say P3s spur infrastructure investment The federal government also should partner to help with freight transportation, Rep. Lowenthal said Friday during the Congressional PORTS Caucus briefing.
Technology can help with trade compliance Speakers during Thurday's American Shipper webinar talked about how software solutions could help importers and exporters navigate sanctions, tariffs and security filings.
Trump removes Turkey from GSP, reduces steel tariff The country was removed from the United States' unilateral trade preferences program, and tariffs on steel from Turkey were lowered from 50% to 25%.
CMA CGM launches Reefer Pharma division
DHL Express launches automated drone delivery in China
VMA honors Hosts for distinguished service
Hamburg Süd collaborates with Maersk on SAWC1 service
Delaware court indicts Greek shipping company
Big Fireworks owner convicted for illegal imports
Commerce adds Huawei, 68 affiliates to Entity List
FUTURES 4: Crude settles slightly lower in supply-demand tug-of-war Oil futures were slightly bearish Friday as the market was stuck in a tug-of-war between geopolitical tensions in the Middle East and concerns of slowing global demand stemming from the ongoing China-US trade war.
Buoyant Frontline sees tanker rates improvement in second half "A market improvement is expected in the second half of the year as refinery capacity returns and oil volumes return to the markets," company CEO said.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
