Seaspan Ferries orders two LNG battery hybrids Canada's Seaspan Ferries will add two new Liquid Natural Gas (LNG) - battery hybrid ferries to its fleet in 2021. Damen Shipyards Gorinchem B.V. will start construction of the vessels at its
VIDEO: Newport News starts Columbia class advance construction A first-cut-of steel ceremony held today at Huntington Ingalls Industries (NYSE:HII) Newport News Shipbuilding division marked the start of advance construction for the Columbia-class ballistic missile submarine program. With the press of
High water, fast currents, bring more river closures The Coast Guard reports that has closed portions of the Mississippi and Illinois Rivers to all vessel traffic due to extremely high water levels and fast moving currents near St. Louis, Missouri,
Thordon appoints Neil Cooper as VP Sales Burlington, Ontario, headquartered Thordon Bearings has appointed Neil Cooper as Vice-President, Sales, with the mandate to build on the company's leading position in the global water-lubricated bearings market and to drive continued
Harvey Gulf to convert second PSV to battery hybrid Last month we reported that Harvey Gulf International Marine had opted to convert the Harvey Energy - the first LNG-fueled PSV in the Americas - to battery hybrid operation (see story). Harvey
BIMCO and INTERTANKO issue guidance on scrubbers INTERTANKO and BIMCO have issued a joint guidance on the potential contractual issues that could arise when chartering ships fitted with exhaust gas scrubbers. Produced with the assistance of the North of
STC Group to install three new simulator classrooms Rotterdam based international maritime education and training specialist STC Group has ordered Wärtsilä simulator software solutions for three of its Netherlands maritime training centers. The Wärtsilä Navi-Trainer Professional (NTPRO) 5000 software will
UK's largest maritime simulation centre opens Solent University's new maritime simulation centre, which opened this week, is the latest investment in a significant expansion of maritime...
P&I club free reserves could take $500m hit, Gallagher warns Overall claims are rising, with 25 pool claims on the 2018-19 year reported to date, compared to 14 and 13...
Maran orders additional LNG carrier Angelicoussis group exercises latest option at DSME as another South Korean builder Hyundai bags two more LNG carriers from another...
US monthly Russian crude imports to surpass Saudi shipments Some 6.77m barrels have discharged in the US so far this May from tankers that loaded in Russia, as increasing...
Heerema lines up record lift job for $1.5bn semi-submersible crane vessel Sleipnir is also the world's first heavylift semi-submersible to be powered by liquefied natural gas
Freight demand set to triple by 2050, says OECD The economic value of freight flows in the North Pacific and Indian Oceans will increase nearly four-fold between 2015 and...
Star Bulk posts loss as scrubber installation costs mount The Nasdaq-listed bulk carrier owner expects to have 40 scrubber-fitted vessels by the end of this month and has brought...
Norden signs Qatari deal to boost Middle East activities Around 500,000 tons of salt to be carried annually, with sailings about once a month on supramax vessels
Total urges shipping to plan early for low-sulphur switchover Making the right decisions can ultimately improve the bottom line, according to Total's advice on how to optimise solutions
Xiradakis aiming to fight shipping cause in Brussels Having a modicum of maritime knowledge in Brussels and Strasbourg is vital not only for industry but for Europe, says...
Viewpoint: Making seafarers feel at home Those who manage seafarer centres are often isolated but benefit when regional directors come together to share ideas
Daily Briefing Box port growth forecasts set lower over trade war | Saudi Aramco agrees LNG deal with Sempra | US Midwest...
Trade tensions put China ports growth at risk Despite Moody's stark warning for ports, China Merchants Port Holdings, Hutchison Port Holdings and Shanghai International Port Group are still...
US Midwest sees greater opportunities for containerised agricultural exports Tired of the problems they see on the US west and east coasts, ports along the US inland waterways are...
Trafigura dips into China's Panda bond market again The privately placed issue was significantly oversubscribed, Trafigura said, adding that this round drew a more diverse investor base than...
Stealth concludes charters with Trafigura Greek shipowner Stealth Maritime has concluded time charters for up to two years for a pair of aframax tankers. Chief executive Lambros Babilis confirmed the charters, though he declined to disclose the charterer or rates on the deals. Brokers said the Vafias family-backed company fixed the 112,000-dwt Chrysalis and the Gstaad Grace (both built 2010) to trader Trafigura for one year at $22,500
StealthGas posts first quarter profit, will buy back shares StealthGas opened the year back in the black with a modest profit and a plan to make good on its promises to buy back shares. The Harry Vafias-led gas carrier owner posted a $2m profit for the first three months of 2019, while extending the charters of seven ships and launching a $10m buyback plan Thursday. StealthGas to repurchase shares, satiate investors Maxim confirms exit from shipping "W
Star Bulk not worried about possible scrubber ban IMO will not be able to change regulations until 2022, Star Bulk Carriers president Hamish Norton says.
Jefferies' high-energy Randy Giveans flies flag for shipping deep in the heart of Texas Investment bank's maritime equity research boss sees the positives in being the industry's last analyst in Houston
Open speculative LNG ship numbers shrink over next 18 months Few uncommitted LNG newbuildings remain to be delivered this year, and the number of open vessels for the large delivery haul scheduled for 2020 is also falling. Brokers said two Flex LNG ships appear to be the only open speculatively-contracted vessels on offer in the current market. Minerva Marine makes it five LNG ships with latest newbuild The 173,400-cbm newbuildings Flex Constellation and
RCI reveals strategy to reignite growth in China's cruise sector By deploying its newest vessel - the Spectrum of the Seas - major line hopes to reverse recent market contraction
Sailors' Society chief executive Stuart Rivers steps down Stuart Rivers has stepped down as chief executive of maritime charity the Sailors' Society after six years in the post, TradeWinds has learned. The charity confirmed to TradeWinds that Rivers resigned on 7 May but gave no reason for his departure. Sailors' Society scores double century caring for seafarers worldwide "Sandra Welch, who has been deputy CEO, will assume for the time being the rol
Fabrikant bounces back to take top spot in US earnings league Seacor Holdings chief exec is buoyed by $2.2m cash bonus to retake title of US king of compensation for 2018
Greek shipowner Diamantis Diamantides bags Brightoil VLCC auctioned in Hong Kong Diamantis Diamantides has won the race for the first tanker auctioned off from the Brightoil Petroleum fleet, market sources say. Diamantides is known to be actively pursuing opportunities in the big tanker space ahead of an anticipated upturn around IMO 2020. Beleaguered Brightoil in talks with lenders to get tankers trading again Brightoil staff launch e-business independent of troubled owner
Solstad Offshore offloads elderly supply ship Solstad Offshore's Farstad Shipping has sold another older OSV as its restructuring continues. The Oslo-listed company said the 3,100-dwt platform supply vessel (PSV) Lady Melinda (built 2003) has gone to an unnamed owner this week. It gave no further details. VesselsValue assesses the ship as worth $1.19m. Its data shows the new owner is Vega Consult of Kristiansand, Norway. The unit has bee
Teekay FPSO wins extension from Canadian National Teekay Corp has again extended the contract for one of its oldest FPSOs. The New York-traded, Vancouver-based company said the Petrojarl Banff (built 1998) will remain in the employ of Canadian Natural, working in the Banff field in the North Sea until August 2020. Brookfield moves to take Teekay Offshore private The vessel was also extended last July for an additional year. Details were not d
China Merchants to build the first Chinese-designed cruiseship China state conglomerate says the order from Shanghai Style Cruise is a milestone for Chinese cruise shipbuilding.
Active S&P player Belships mulls extra 'ships for shares' deals Belships says it is considering another equity issue to continue an expansion drive following its merger with Frode Teigen's Lighthouse. The equivalent of $15m in equity may be raised in the future, subject to market conditions, the Oslo-based bulker owner said in its first-quarter report. Belships shows 2020 hand with bunker price hedge preferred to scrubbers Belships continues buying spree w
Danish Shipping rings the changes after resignations Shipowners' organisation Danish Shipping has a new chairman and deputy chairman after resignations in the domestic industry. Danish shipping continues to punch above its weight on global stage CEO Smedegaard quits DFDS after 12 years Torm CEO Jacob Meldgaard is taking over as chairman from former DFDS CEO Niels Smedegaard, who left the ro-ro company in April. "I am happy and proud to have be
Samos Steamship turns to JMU for suezmax newbuilding Samos ends four-year order drought with tanker newbuilding at Japan Marine United
Richard Branson seeks 'rebels and rogues' Virgin Voyages supremo Richard Branson tweeted about a mysterious event in London this week that promised an epic night for "rebels, rogues, eccentrics and pioneers". The tycoon said eagle-eyed locals should be on the lookout for posters reading "Sailors Wanted!" These could then be used as tickets for an "exclusive, invite-only event that will never again take place on land" called Scarlet Nigh
Vantage Drilling wins $620m Petrobras arbitration fight A US federal court has ruled against Petrobras in its attempt to overturn a $622m arbitration award in favour of Vantage Drilling in a fight that centred on alleged bribery by Taiwanese shipowner Nobu Su. District judge Alfred Bennett rejected the Brazilian state oil company's motion to vacate the award, ruling Petrobras got a fair arbitration process. Su seeks to move on $2bn claim against Van
ADM sues APT over $65m Mississippi collision A 16 May crash on the Mississippi allegedly caused damage to an ADM facility
Tor Olav Troim 'very excited' about the second half of 2019 Golar chairman says LNG carriers will remain core but his eyes are trained on the highest-return businesses
Arne Fredly's Hunter Group poised to pocket highest VLCC resale price in half a decade Arne Fredly's Hunter Group is set to pocket the largest price for a VLCC resale in half a decade as the sector newcomer closes in on the first fruits of its asset play project. It comes with tanker asset prices accelerating as momentum and expectation grow ahead of the arrival of IMO 2020 rules. Hunter Group set to spear profit on double VLCC sale at eye-catching price Arne Fredly's Hunter Grou
GSL snaps up Zeaborn boxship trio for Maersk charters New York-listed Global Ship Lease (GSL) is adding three boxships to its fleet in a $48.5m deal. The company said it is buying the 7,849-teu vessels built in 2004 with a new bank loan on market terms over five years. The first ship will be handed over in the second quarter and start a five-year charter to Maersk Line. The other two will join the fleet in the third quarter and have three-year dea
Chartworld strikes $180m New Times aframax deal Tanker series marks first time Lou Kollakis-led outfit has turned to the private Chinese yard
Longshoreman hunts $5m from Costamare for injury An injured longshoreman is chasing Costamare in a $5m lawsuit. Warren Rivers, an Alabama resident allegedly hurt while working onboard the 7,400-teu Maersk 'Kawasaki (built 1997), filed the lawsuit this week in federal court in Houston, Texas. He alleges Costamare maintained an unseaworthy ship, leading to his injury from a "defective cargo container" during loading at the Port of Mobile, Alabam
Hadjipateras hopeful of VLGC recovery as rates reach three-year highs Greek shipowner John Hadjipateras is hopeful a sustained upturn in the VLGC market has arrived. Commodore Hadjipateras calls for more women in shipping Dorian LPG sees steady growth as VLGC spot rates mount short-term surge Commodore-to-be John Hadjipateras has no regrets after baulking at BW LPG takeover bid Dorian chief executive Hadjipateras says the past two months have delivered spot earn
Norden signs three-year COA with Qatar Vinyl Company Norden has won a three-year contract of affreightment (COA) from Qatar Vinyl Company, which will begin this quarter. Nimble Norden focuses on asset-light model in 'ever more volatile' world Swine flu in China more scary for dry bulk than Donald Trump's trade war One of the Danish shipowner's supramax bulkers will carry salt cargoes from West Coast India to Qatar about once a month, Norden sai
Hurtigruten signs seven-year fish-fuel deal Norwegian expedition cruise line Hurtigruten has finalised a deal to power some of its ships with dead-fish waste. Dead fish to power Hurtigruten cruiseships It has signed a seven and a half year contract with compatriot Biokraft to supply climate-neutral liquefied biogas (LBG). The owner said this is the largest-ever global contract for LBG. There will be near-daily delivery of biogas produce
Teekay Tankers keeps dividend tap turned off as it awaits freight rate recovery Teekay Tankers has again held back potential dividend payments to investors as it recorded a profitable start to the year. New York-listed Teekay has a strategy to pay out between 30% and 50% of adjusted net income to shareholders and logged a profit of $12.4m in the opening three months of 2019. Teekay Tankers sits on dividend and inks additional leaseback deal Mackay defends defensive dividen
Teekay LNG adds five years of new charters New York-listed Teekay LNG Partners has revealed new charters to keep three vessels busy for another five years. The company said a fixed-rate extension of three years has been agreed for the 87,305-cbm LNG carrier Polar Spirit (built 1993). Teekay LNG Partners confirms Petrobras charter extension This will be at a higher rate than its previous deal. In addition, one-year contracts were signed
Dof warns of loan defaults and covenant breaches Tough OSV markets have forced Dof to warn it is likely to be unable to pay back some bank loans and be in breach of covenants. Despite a recent recovery in rates, particularly for platform supply vessels (PSVs), the Norwegian group said that due to a "continued challenging market situation" it had been very difficult to carry out its regular rollover of existing loans. "This new situation is lik
Cosco's tanker arm begins trial operation of VLCC pool During the pilot stage, the Chinese tanker giant is operating more than 50 VLCCs via a newly established internal department
Maran Gas Maritime poised to bump up tally at DSME Maran Gas Maritime is set to increase its huge LNG carrier orderbook by declaring an 'optional newbuilding slot in South Korea. Maran Gas boosts LNG fleet after locking ship into JERA charter Newbuilding sources said the John Angelicoussis-led company has already inked the option with favoured shipbuilder DSME. They said the addition will give the Greek shipowner a fleet of 43 LNG vessels - 29
Shareholder lawsuit targets Dynagas over cash flow and dividend claims Investor claims shipowner obscured details of charters on two vessels and maintained that it had the cash to cover payouts to shareholders
Jens & Waller lifts fleet to 10 containerships German boxship owner Reederei Jens & Waller has taken its fleet into double figures with the purchase of another feeder vessel. The Drochtersen-based company has emerged as the buyer of the 1,118-teu Max Centaur (built 2007), its seventh feeder container vessel in two years, managing director Ulf Jens has confirmed. Bertram Rickmers targets 40 ships in feeder segment The vessel, renamed Jette,
Seadrill cuts first quarter loss to $296m John Fredriksen's restructured Seadrill has reduced its first quarter loss as revenue rose. The drillship player said the net deficit was $296m, against $360m in the fourth quarter of 2018. Revenue rose to $302m from $292m, while operating expenses were $399m, versus $382m. The company has 35 rigs of its own and manages another 11 for Seadrill Partners, five for Seamex and two for Fredriksen's
Rickmers' return: The son also rises Bertram Rickmers couldn't keep away from shipping for long. He's back with a new venture, and this time he is teaming up with his son
Can you really turn your ship into a convertible? Norway's Teco Group claims it is developing technology that can convert HFO into low-sulphur fuel onboard vessels as an alternative to a scrubber. Too good to be true?
BW plans Oslo listing for BW Energy BW Group FPSO company BW Offshore (BWO) is planning a separate listing in Oslo for its exploration and production (E&P) business. BW Energy will be set up "with a diversified portfolio of production and development assets," it said. BW Offshore scrapping laid-up FSO for $20m BW Offshore notes improving market as profit returns BWO said there is substantial growth potential with its unique low-
Court rules cash buyers can be pursued over PNB debts A UK high court judge has ruled two Indian cash buyers can be pursued over bank debts. Christopher Hancock QC, sitting as a judge, said Punjab National Bank (PNB) had been trying to recover $18.5m plus interest from defendants Boris Shipping, registered in the Marshall Islands, and Jarc Shipping, registered in St Vincent and the Grenadines. Court nullifies Gaddafi S&P bribery award Evergreen su
Japanese intervention postpones new coatings regulations A proposed revision to an international convention that would force shipowners to remove or seal coatings containing cybutryne has been delayed after an objection by Japan. A draft amendment to the International Convention on the Control of Harmful Anti-Fouling Systems on Ships had been tabled for approval at last week's Marine Environment Protection Committee (MEPC) meeting at the IMO, following
Celsius lifts fleet to 43 with from Oltmann containership Danish shipowner Celsius Shipping has added another boxship, bringing its fleet to 43. The Jeppe Jensen-led company has confirmed the purchase of the 4,132-teu containership JPO Capricornus (built 2005) from German KG (limited partnership) shipowner Oltmann. Buyers swoop on cut-price classic panamax boxships Celsius Shipping cuts new turf in the product tanker market with Interorient deal The
Pavimar seals its first S&P deal of 2019 Pavimar has concluded its first vessel purchase of the year. The Ismini Panayiotides-led company has bought the 78,000-dwt Japanese-controlled panamax bulker Lake Dahlia (built 2009) for $13.8m, taking its managed fleet to 16 ships. The Sanoyas Shipbuilding-constructed Lake Dahlia has just passed special survey, which could explain what is seen as a fairly strong price for the vessel. Some brok
Cruise lines watch nervously as Middle East tensions rise Exotic cruises in the Middle East have become popular, but that could change if regional tensions escalate
Brightoil staff launch e-business independent of troubled owner New platform connects shipowners and service providers worldwide
Beleaguered Brightoil in talks with lenders to get tankers trading again Owner holds discussions with Western institutions to sell and lease back fleet
Antong troubles roil China's domestic liner market Brothers Guo Dongze and Guo Dongsheng are struggling to contain a financial emergency at one of China's biggest private shipowning companies
CMB's Bocimar takes $14m for ageing capesize bulker Belgian capesize giant Bocimar has secured a firm price for one of its elderly vessels. Bocimar chief executive Benoit Timmermans confirmed the 171,000-dwt Mineral China (built 2003) had been sold. Cosmoship Management picks up Bocimar handysize trio Bocimar and Oak Maritime put capesize bulker up for sale Brokers in Europe said the Hyundai Heavy Industries-built ship has gone for $14m to a So
Saudi Aramco agrees LNG SPA with Sempra Energy Agreement has potential to be one of the largest LNG deals ever signed, says Wood Mackenzie.
Hyundai wins orders for two LNG carriers, six tankers Hyundai Heavy Industries and its subsidiaries have secured newbuilding orders for two 180,000-cbm LNG carriers and six tankers, the shipbuilder confirmed Thursday. Capital Gas nudges up LNG carrier newbuilding total The world's largest shipbuilder said the LNG contracts were worth KRW 463.8bn ($389.5m), with deliveries set for the middle of 2022. The group also said affiliates Hyundai Mipo Dock
Nine-year-old boxship heads for demolition beach VesselsValue says ship is third youngest container vessel ever to be sold for scrap.
UK detains Greek bulker for failing PSC inspection Marshall Islands-flagged supramax held in port of Southampton for a total of six days.
Trump walks out of meeting with Pelosi and Schumer President Trump said he told House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer to "get these phony investigations over with."
Rail demurrage, accessorial fees 'death by a thousand cuts' American shippers tell Surface Transportation Board that they're unfairly charged for new, unrealistic cargo equipment deadlines established by the Class I railroads' network changes.
Republicans accuse Democrats of slow-walking USMCA Subcommittee Chairman Earl Blumenauer, D-Ore., says the agreement won't be "jammed through" his panel or the House Ways and Means Committee.
T-HUD appropriates $225 million for port infrastructure The subcommittee favorably reported to the full Appropriations Committee its fiscal year 2020 funding bill, which includes $1.1 billion for the Maritime Administration.
Input sought on automated driving system technologies
Lawmakers honored for championing ports, maritime industry
CMA CGM orders container trackers
'K' Line reduces executive salaries by 10%
C.H. Robinson acquires European trucking specialist
Bunker testing company VPS sees wide range of 0.5% S fuel viscosity
Spain's Cepsa aims for premium position within 0.5% sulfur bunker market
Trafigura flags support for global slow steaming policy to curb emissions Trafigura is supportive of a slow steaming policy being implemented within six to 18 months, Nielsen said.
INTERVIEW: Total Marine Fuels Global Solutions readies for IMO 2020-MD "Total has stepped up its preparations very rapidly," Total Marine MD Jérôme Leprince-Ringuet said
Panama Canal postpones sixth draft restriction to June 12 "We will continue to monitor the level of Gatun Lake and announce future draft adjustments in a timely manner," PCA said.
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