Resolve receives USCG AMVER Award Resolve Marine Group has received the prestigious AMVER (Automated Mutual Assistance Vessel Rescue System) Award for work done by privately funded Emergency Response Salvage Tug the Resolve Pioneer. The award was presented
Port of Little Rock: "May was a hard month" The Port of Little Rock, Ark, reports that May was a hard month due to the weather. Barge traffic at the port came to a halt on May 2 due to the
Alaska fuel barge gets stuck in mud The Coast Guard was responding yesterday to a fuel barge that settled in the mud and began to show signs of structural stress while offloading petroleum product on the Naknek River in
Upper River Services takes delivery of triple-screw towboat Recently delivered by Belle Chasse, La., based C&C Marine and Repair, the 2,013 hp triple-screw towboat M/V Mendota is the first new construction vessel ever to join the fleet of Upper River
Wight Shipyard launches Wind Farm Support Vessel series Britain's Wight Shipyard Co. Ltd (WSC) is breaking into the Wind Farm Support Vessel (WFSV) market with the launch of its new Vortisea brand, designed in collaboration with Incat Crowther. According to
ABS to class Harvey Gulf battery hybrid OSVs ABS has been selected to class two Offshore Supply Vessels (OSV) being retrofitted with battery/converter systems by Harvey Gulf International Marine. The Harvey Energy will become the first ABS-classed dual fuel and
Multi-stage evaporator produces big fuel savings Wärtsilä has successfully completed the first commercial installation of its Serck Como Horizontal Tube Evaporator (HiTE) fresh water production system. The system was retrofitted in the Allseas pipe-laying vessel Lorelay, to produce
Iranian cargoes push global floating storage to highest since mid-2017 Some 71.4m barrels is deployed on 57 vessels, the most since June 7, 2017, Lloyd's List Intelligence data shows
Middle East crude shipping costs surge on higher freight rates and insurance premiums Freight rates for modern tanker tonnage have soared almost 40% in the first market test for modern, very large crude...
UK port starts rail freight service The twice-daily rail service removes 120 daily road movements and adds reliability to the supply chain
Carriers becoming oligopolies with dwindling pricing power An unconventional business model emerges as supply control tightens but shippers gain even more pricing power
Maersk pilots carbon-neutral shipping Sweden's H&M Group teams up with Maersk for bio-fuel pilot project
Sulphur cap will leave maritime 'shaken' for at least a year Shipping companies will offload the $10-15bn cost of compliance with the IMO sulphur cap onto shippers, online freight forwarder iContainers...
Frontline adds to fleet The VLCC is due to be delivered next May, while a pair of LR2 tankers will arrive in the first...
Royal Fleet Auxiliary ratings plan action in support of pay claim 'It is disgraceful that our Royal Fleet Auxiliary members have had a derisory pay increase imposed on them which doesn't...
Containerships takes delivery of second LNG vessel Ice-class dual-fuel boxship will connect northern Europe with Baltic states and Russia
MSC loses 'low-risk' carrier status after US drugs raid MSC's 2M partner Maersk says it is too early to speculate on US Customs response to MSC vessels and any impact...
Pavilion Energy buys Iberdrola's LNG assets This latest deal marks Pavilion Energy's first major asset acquisition in Europe following an earlier deal with Germany's Uniper that...
Viewpoint: Virtuous lending There is something fishy about bankers who lend to the shipping industry attempting to restrict their services to shipping operators...
Daily Briefing UK flag abandons growth targets as Brexit wipes out 30% of tonnage | Cyprus shipping community grows steadily amid EU...
Los Angeles port director warns on Trump's tariffs President Trump has yet to decide on whether to impose duties on the remaining $300bn of imports from China nor has...
Nixon says ONE yet to take on terminal assets Terminal stakes still remain on the balance sheets of ONE's parent companies
Ocean Network Express pins hopes on peak season revival After a sluggish start to the year, transpacific volumes are looking up again and blankings are being reduced
Court denies appeal of Carnival dumping decision Bahamas resident, three Alaskans asked 11th Court of Appeals to reconsider federal judge's ruling for $20m fine against cruise major.
LNG carrier prototype Saga Dawn is waiting at the altar The first of a new type of LNG carrier is ready to trade but still needs ink on the bottom line
Shoei Kisen sells ultramax with time charter back Shoei Kisen is said to have sold a three-year-old ultramax in a deal including a time charter back to the Japanese company. Several brokers in the UK and the US report that Shoei Kisen sold the 61,200-dwt Ultra Innovation (built 2016) to Greek interests for a firm $24m, in a deal that includes a one-year charter back at an index-linked rate. The ship is operated by Denmark-headquartered Ultrabul
Vale's Brucutu mine set to reopen Eduardo Bartolomeo-led iron-ore giant on Wednesday received court permission to recommence operations at the iron-ore mine within 72 hours.
LNG carrier operators review their security options Owners and operators of LNG carriers transiting the Strait of Hormuz have been looking at what additional security measures could be taken if the situation in the region deteriorates. More US troops head to Gulf after attacks Brokers pointed out that aside from the oil exports, around 25% of LNG cargoes move through the area where last week's double tanker attacks took place. The bulk of that tr
Awilco goes for scrubbers on modern tanker quartet The Awilhelmsen Group of Norway is to install scrubbers on its four modern VLCCs. The work will be carried out at Keppel Shipyard in Singapore at a cost of about $4m each. Awilco LNG fixes carrier for eight months Awilco Eco Tankers inks profitable charter "This is not an environmental move but a result of the new rules that the politicians are setting on the agenda for 2020," said Awilco Eco
Matson CEO Matt Cox sells shares Matson chief executive Matt Cox has sold 30,000 shares of his company for $1.14m. According to Securities and Exchange Commission filings, Cox sold the first block of 15,000 shares Tuesday for $38.05 and the second Wednesday for $37.82. Shares of the Hawaiian Jones Act player closed Tuesday at $38.29 and Wednesday at $37.59. Cox still owns more than 250,000 shares in the company. The move comes
Carnival earns less profit on higher costs Arnold Donald-led cruise major beats estimates but lowers outlook on Cuba ban, causing shares to fall.
Shipping walks US tariff tightrope, say London Greeks American trade policies and spreading radicalism in Europe threaten the industry, London-based Greek owners warn
Anthony Veder boosts gas carrier fleet with GATX quintet Dutch owner continues expansion streak, building its small and mid-scale fleet to 38 vessels.
Shipping does not predict another round of 'Tanker Wars' The last month has seen more ships attacked than in all of 1981 - when the Iran-Iraq War first spilled over into the nearby Middle East Gulf, kicking off the so-called "Tanker Wars" that raged alongside the conflict for most of the decade. Frontline and Schulte tankers attacked off Fujairah Paulo d'Amico: western crude supply could be at risk But shipping is not having flashbacks to the 1980s j
Two secondhand VLCCs and MR tankers attracting interest There is a whiff of action on tanker S&P as market moves into 6-month run up to IMO 2020 deadline
Shandong Shipping unveils $15m share issue Expansion-minded Chinese owner is seeking a strategic investor to take a 2.94% stake, having been delisted from a Chinese OTC market.
New NYK boss Hitoshi Nagasawa gets tough on ethics New NYK president Hitoshi Nagasawa has stressed the need for employees to comply with the law and serve society in a useful way. In his inaugural speech to staff in Tokyo, he said: "In the words of the famous Japanese entrepreneur Konosuke Matsushita, 'companies are a public entity of society.' LNG man set to take over the reins at NYK "This means that companies perform the work required by soc
GriegMaas expands fleet with ultramax buy GriegMaas, the new bulker owning venture of Norway's Grieg Star, is set to expand its fleet with a third Chinese-built ultramax. Grieg Star and Maas Capital form bulker joint venture Grieg Star remains in the red despite improvements European shipbrokers said company has bought the 63,000-dwt GH Frankel (built 2012) for $16.9m from Celsius Shipping of Denmark. Renewal strategy Sveinung Tved
Middle East Gulf tensions keep tanker owners on their toes but not out of the region Operators tighten safety measures but continue to trade in one of the world's most important shipping lanes
Seastar settles for less with sale of 17-year-old supramax Seastar Chartering has settled for a lower price than it was aiming for on the sale of a 17-year-old supramax. US brokers said the 52,000-dwt Hector (built 2002) has been sold to a Chinese buyer for $6m. Sale indicates supramax values uncertainty Only a few weeks ago, the Greek bulker owner and operator was hoping to get $7m for the Kanasashi Heavy Industries-built vessel, the brokers added. Th
Viken reports strong numbers buoyed by time charters Shipowner Viken Shipping is benefiting from the time charter-focused employment strategy for its vessels. The Bergen-based company, which is controlled by shipowner Tom Chr Steckmest, has reported a pre-tax profit of $22.7m for 2018, up from $19.3m a year earlier. Operating revenues increased from $167m to $175m. Viken has focused on term charters for its fleet of 22 tankers from 12,800 dwt to
Bunker Holding revenue tops $10bn Denmark's Bunker Holding has hailed a strong result as it prepares for the IMO 2020 switch. The fuel supplier said revenue was up 31% to $10.64bn in its 2018/19 financial year. Pre-tax earnings almost doubled to $77.3m. It called the figures "impressive, especially considering the challenging market conditions." CEO Keld Demant said the results were due to its solid business model and focused
Thenamaris tanker stuck in limbo while traders squabble over contaminated crude Aframax lies idle in the Aegean as Socar Trading and Glencore Energy UK slug it out over damages of more than $52.9m
Noble offloads bulker as shipping exit continues Restructured Singapore group seals $13.2m deal for 2010-built vessel.
Spain's Naturgy taps up shipowners for LNG tonnage Energy company invites charter offers from owners with uncommitted vessels
MPC boxship CTL will fund new scrubber retrofits Oslo-listed owner reveals loss of feeder vessel after grounding, while drawing up new IMO 2020 plans.
Nautilus denied appeal in Toisa OSV legal row Supreme Court rejects union's bid to overturn ruling over consultation following OSV lay-offs.
MOL seals first LNG charter contract with Gail (India) Japanese owner secures breakthrough short-term deal with Indian buyer
Hapag-Lloyd ship hits crane after grounding A Hapag-Lloyd container vessel has damaged a gantry crane in Vietnam after briefly grounding. The 8,600-teu Nagoya Express (built 2010) hit the structure in a storm at Hai Phong port, VNExpress reported. Hapag-Lloyd seeks six supersize boxships in bid to stay competitive The ship was leaving Hai Phong International Container Terminal on 7 June when the accident happened, according to Vu Tu Nam,
Pavilion expands into Europe with Iberdrola LNG portfolio acquisition Singapore company also concludes deal to supply gas to Iberdrola Generacion Espana.
Jacques de Chateauvieux goes up against Bourbon's banks OSV owner's main shareholder comes up with alternative refinancing plan to stop creditors taking over in $1.6bn equity swap.
Mozambique LNG tender to be floated in third quarter Anadarko plans to send out its 'tender for 16 LNG carrier newbuildings to selected owners in the third quarter after taking a 'final investment decision on its Mozambique LNG project this week. Mozambique LNG reassesses yards and shipowners The company has already done due diligence on five shipyards 'selected to build the vessels required to lift the project's planned 12.88 million tonnes per a
Change is off the menu at Swedish Club AGM The Swedish Club likes to consider itself a forward-thinking marine insurance company - that is, until it comes to its annual general meeting (AGM). At the Gothenburg gathering, the balance sheet figures and executive board might change but, rest assured, the menu at the gala dinner will remain the same as it has through the club's history. For decades, the 147-year-old club has served up a salm
Victor Restis targets MR tanker newbuildings at STX Greek shipowner's Golden Energy Management signs letter of intent for up to four ships, while peer Capital Maritime goes hunting
South Korea's KMTC returns to Hyundai Mipo for more containership newbuildings Contract set to become the company's second deal for this year
Offshore order recovery and asset plays to boost Keppel Group's "impeccable track record" in FPSO conversions will enable it to grab market share.
Mystery LNG newbuilding enquiry emerges for up to 15 ships Clarksons back in the market with hush-hush business code-named 'Project Helen'
Samsung Heavy teams up with Zvezda for next generation of Arctic LNG carriers South Korean and Russian yards to pursue fresh design of vessel for next generation of projects
Hapag-Lloyd seeks six supersize boxships in bid to stay competitive German liner operator is looking to order sextet of 23,000-teu containerships
Frontline grabs VLCC resale and orders LR2s John Fredriksen-backed tanker giant takes recent spending on new tanker tonnage to over $250m.
Port of Los Angeles commission upholds APM Terminal permit The commission voted 3-2 Thursday to deny an ILWU appeal of a permit that allows APM Terminals to test automated terminal equipment at Pier 400.
Several House Dems say they'll work in good faith on USMCA "We should work collaboratively for the best possible outcome - passage of a trade agreement that creates jobs, protects workers and consumers in Mexico, Canada and the United States of America," said Rep. Mike Thompson of California.
Northwest Seaport Alliance encouraging extended hours The port agency for Seattle and Tacoma is encouraging terminals to use extended hours, "peel-off" piles and street turns to ease congestion.
Former WWL CEO picked to lead AAPA Chris Connor will succeed Kurt Nagle, the American Association of Port Authorities' president and CEO since 1995.
Analyst: Freight rates would skyrocket without alliances An end to alliances also could result in fewer services calling only a limited number of ports.
Proposed HOS changes 'in the final stages of review' The Senate Commerce Committee pressed witnesses on a variety of issues Wednesday during a hearing about surface transportation reauthorization.
Presidential order tests validity of advisory committees President Trump wants the federal government to weed out hundreds of no longer needed or inactive advisory committees from its roster.
United first US carrier to lease SkyCell containers
Thieves thwarted by Dachser container security
JAXPORT approves two leases with Amport
Executive Moves: Port authority, Pelican, Stertil-Koni
Maersk to offer carbon neutral transportation service
US seeing 'historic' compliance with Iran oil sanctions: State Department official "We have now zeroed out Iran's exports of ... crude oil and we're confident nations will comply with that," Hook said.
Panalpina publishes new bunker tariffs as IMO 2020 looms "Expect choppy waves in the months leading up to and stretching beyond the IMO 2020 sulfur cap," it said.
Singapore 380 CST HSFO front-month timespread hits 7-month high as supply tightens Expectations that the inflow of cargoes into Singapore will fall to as low as half the usual level in June has buoyed market sentiment in recent weeks, sources said.
Spread between WTI MEH and Mars crude inverts for first time since April "[The weakening of WTI] MEH is more a function of [pipeline] allocations coming out yesterday."
INTERVIEW: Inpex plans 'countermeasures' to ensure Middle East oil shipments -- CEO "We are watching very carefully the progress in the Strait of Hormuz area," Ueda said.
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