Kirsi Tikka picks up another directorship Ardmore Shipping Corporation (NYSE: ASC) has appointed Dr. Kirsi Tikka to its Board of Directors as a Class I director and intends to nominate her to stand for re-election at its 2020
Topaz signs PSV up for extended drydocking scheme Dubai headquartered OSV specialist Topaz Energy and Marine has entered its 2012-built, 79.4 m long platform supply vessel Caspian Voyager into the ABS Extended Dry-Docking (EDD) scheme. The program will extend the
VIDEO: Port of Antwerp orders hydrogen-fueled tug Belgium's leading port, the Port of Antwerp has ordered construction of what will be the world's first tug powered by hydrogen, the Hydrotug. While most attention to hydrogen as a marine fuel
USCG slaps cuffs on owner of illegal charter boat Maybe the owner of the 45 ft pleasure boat Breaking the Habit will break his habit of getting caught operating the vessel as an illegal charter. The Coast Guard terminated the voyage
Powerful coalition pushes for zero carbon shipping at UN Climate Action Summit As heads of state and government meet at today's UN Climate Action Summit in New York City, members of the Getting to Zero Coalition - an alliance of senior leaders in the
US Gulf tanker rates rise as Asia heads west to replace cancelled Saudi cargoes US Gulf to China tanker rates are at the highest level for the year
Coalition of the willing is another warning for regulators The Get to Zero Coalition should help the shipping industry decarbonise. But it will still need the IMO to do...
TEN agrees $35m preferred share placement with investor Greece-based tanker and LNG carrier owner will use cash raised from convertible sale for 'general purposes'
Saudi outage changes marine fuel economics as owners move to meet IMO deadline The spread between high-sulphur fuel oils and compliant fuels needs to remain wide for those with scrubbers to quickly recoup...
UK Brexit freight and ports contracts start to emerge New framework provides a list of eight freight operators who could transport critical goods such as medicines after October 31...
Shipping launches 'moon-shot' initiative to develop zero emission vessels by 2030 Coalition of influential industry heavyweights including Citi, Cargill, Lloyd's Register, Maersk, Shell, Trafigura and Euronav move to focus industry decarbonisation...
Shipping needs a holistic view on ship emissions Agreeing on what goes into the lifecycle analysis of future fuels is no less important than debating their green credentials
Eastern Pacific eyes further LNG-fuelled opportunities Eastern Pacific's 15-year charter of a sextet of LNG-dual-fuelled containerships to CMA CGM marks a strengthening of ties between Idan...
Tropical storm Imelda disrupts shipments from US Gulf Coast Tanker industry players have said they are keeping an eye on the situation
Daily Briefing Free to read: Shipping's deadly liquefaction casualty crisis continues | MSC bids to boost Liverpool | The Middle East bet...
MEO prioritises creditor recovery in debt revamp MEO chooses not to accept proposals from potential investors, opting instead to table a debt to equity swap and terming...
India's Petronet signs LNG deal with Tellurian Petronet has signed the pact for up to 5m tonnes per annum of liquefied natural gas with a targeted timeline...
MSC Gayane crew member charged after US cocaine seizure US authorities boarded MSC Gayane when it arrived at the Packer Marine Terminal in Philadelphia in June and seized 19.76 tonnes of...
Mississippi port has 'no appetite' for the container trade Pascagoula's identity is borne out by recent trade statistics from the US Census Department showing the nearly 100% industrial nature...
Saudi drone attack seen boosting tanker earnings With no expected increase in Saudi exports in the fourth quarter, Asian refiners are seen increasing crude imports mainly from...
Seaborne trade growth forecasts downgraded amid economic headwinds In tonne terms, this would be the slowest growth environment since 2009
Hoegh Holdings takes more of Hoegh LNG Partners Hoegh LNG Holdings has grown its leading stake in Hoegh LNG Partners after its subordinated units converted into common shares. Hoegh aims to fix all its FSRUs long-term in next 12-18 months According to Securities and Exchange Commission filings, Hoegh LNG Holdings owns 15.3 million shares in its New York-traded partner, good for 45.9% of the company. When Hoegh LNG Partners went public in 201
Seward & Kissel promote three maritime attorneys Seward & Kissel has elevated three attorneys in its maritime practice to leadership roles. Michael Timpone will lead the firm's maritime and transportation finance group with Edward Horton and Keith Billotti will together run the maritime and transportation capital markets and corporate securities group. Michael Chalos joins Chalos & Co Timpone replaces Larry Rutkowski, while Billotti and Horto
Former ABS executive Tikka joins Ardmore Shipping Former senior American Bureau of Shipping executive join Ardmore Shipping's board. The Irish tanker owner announced Monday that Kirsi Tikka had joined its board. Tikka retired from the Houston-based classification society last summer, last serving as its executive vice president, senior maritime advisor. Shipping technology not yet exciting Ardmore Shipping No new ships and no share buybacks,
Maersk India boxship trade falls in China, surges in Saudi Arabia Maersk's India boxship business has fallen to and from China yet widened to Saudi Arabia and North America. India exports to the Land of the Red Dragon dropped 20%, driven by less demand for India-made textiles and apparels, according to the Danish liner giant. Imports to China fell 22%. "Amidst increasing global volatility, a slower local economy and the USA's withdrawal of preferential access
UAE signs up to the US-led Gulf shipping defence coalition Emirates joins the US, Saudi Arabia, UK, Australia and Bahrain in coalition against Iran, while France and German remain on sidelines.
TEN to raise $34m in private share sale US-listed Tsakos Energy Navigation (TEN) said on Monday it plans to raise more than $30m in a private placement of preferred shares to finance "general corporate purposes". Tsakos exec hits out at underwriters' silence over IMO 2020 TEN, which earlier this month confirmed placing an order for up to two 174,000-cbm LNG newbuildings at Hyundai Heavy Industries, said it agreed to sell 3.5 million z
Scorpio sells two ultramaxes Scorpio Bulkers plans to offload two ultramax vessels for just shy of $38m, having held them for sale for three months. The Emanuele Lauro-led bulker owner has entered into agreements with an unaffiliated third party to sell 64,000-dwt SBI Puma (built 2014) and 64,000-dwt SBI Cougar (built 2015) for approximately $37.9m in aggregate. Scorpio Bulkers kamsarmaxes good fit for conversions, says CSL
Axxis Geosolutions signs LOI for two-year contract But the ocean-bottom node survey company did not reveal in which region work would take place or for whom.
Under the boardwalk: NYK harnesses tidal power in Singapore New project sees electricity generated from turbines fitted by shipowner in Asian city.
K Line Offshore promotes CFO Petter Nordby to top job Move comes after K Line-controlled Norwegian offshore vessel company reports deeper loss
Shell, Maersk and Trafigura lead zero carbon push as UN meets New industry coalition aims to overcome today's lack of feasible zero-emissions ships by 2030 with wide range of participants
Trafigura chips into $1bn loan pot for Chinese refiner Commodities trader and shipowner Trafigura has joined a group of lenders providing a near-$1bn loan to Chinese independent refiner Shandong Qingyuan. The finance is backed by future oil sales. The deal highlights how China is opening up to trading houses, Reuters reported, with Chinese banks scaling down lending in the economic slowdown. Frontline sticks to 10 Trafigura tankers Qingyuan operat
Russian marine agency plots order for 147 ships Rosmorrechflot wants vessels for Northern Sea Route, ports and inland waterways.
DNV GL charts roadmap towards a gas-fuelled, low-carbon future Class society DNV GL says momentum for decarbonised fuels has never been greater in the marine sector
Ismar settles in at Exmar: 'I am really a gas man' Former Western Bulk chief executive said the company is looking to streamline the division
Shipowner proves to be a Pioneer in championing gender equality With women comprising half of its staff, including in traditionally male departments, Athens-based handysize specialist Pioneer Marine is showing how to nurture female shipping talent
POSH Terasea hit by second loan default Lender could call in receiver for two vessels as JV says it owes $7.1m under facility.
TUI in pole position as Thomas Cook collapses German tour operator and cruiseship owner set for dominant position in mass-market tourism sector.
Borealis reveals fourth boxship buy in a week Deal for Offen Group vessel cost it $10.75m.
Slow steaming and scrubbers will not solve shipping's IMO 2020 fuel dilemma The IMO must now work with oil majors to deliver a lower-sulphur alternative at a reasonable cost
Stena Impero ready to be released, says Iranian official A government spokesman did not elaborate on the ship's situation or specify when vessel might be allowed to leave Iran.
Tufton Oceanic Assets share placing raises $31m London-listed firm said to have attracted host of new investors in second equity raise in 2019
South African LPG facility sets construction landmark Four giant storage bullets arrive in Richards Bay aboard Chinese heavy lift vessel.
Norfolk Southern taps Mongeau for board seat Norfolk Southern announced that Claude Mongeau has been elected as a director. The former Canadian National Railway head may be viewed as an effort to...
Weekly DOE/EIA retail diesel price takes one of biggest jumps in last 7 years The weekly average retail diesel price posted Monday by the Department of Energy (DOE) was in the top 20 biggest one-week increases in the history...
Keep your eye on containers in global circulation The number of containers is a better bellwether of global trade than the number of container ships.
IKEA taps DHL for first outsourced distribution center in Canada Swedish retailer opened a facility near Toronto to accommodate growing volumes of final-mile deliveries to region's fast-growing suburbs.
Why Freight Derivatives Are Here To Stay in the Trucking Industry Brian Aoaeh explains why the trucking industry is ready for freight derivatives.
Lime reaches 100 million rides, pulls car-sharing from Seattle Lime's shift away from car-sharing allows the company to transition into Seattle's first electric-scooter-share pilot.
Tropical Storm Karen prompts warnings for Puerto Rico, Virgin Islands Flooding, wind damage possible as Tropical Storm Karen moves through Caribbean islands. Eventual U.S. mainland strike possible?
UPS is converting ground fleets to renewable natural gas UPS was an early adopter of LNG, now it has its sights set on RNG.
Amazon to open seventh fulfillment center in Ontario, Canada Amazon to open its 7th fulfillment center in Ontario, Canada with a 1 million square foot building in Toronto
Federal safety agency issues air brake recommendations to freight railroads The recommendations by the National Transportation Safety Board relate to a fatal October 2018 accident in which a moving train struck a stationary one.
Talking across the fence Team of Rivals? The competing ports of Los Angeles and Long Beach are looking at additional ways to cooperate for their mutual benefit.
Estes Express partners with DDC FPO for AI-powered freight billing processing DDC FPO announced on Sept. 23 that Estes Express Lines will use its machine-learning, software-as-a-service (SaaS) program, DDC Intelligence, to mitigate its bill of lading...
Pricing Demurrage and Detention The U.S. Federal Maritime Commission (FMC) issued a proposed rule to promote "just and reasonable" demurrage and detention charges.
Traditional freight brokers investing millions to stay on top Traditional freight brokerages are ramping up technological spending to keep pace with the industry.
Freight Futures daily curve: 9/23 Weakness in East drives National freight futures lower for the week ending 9/20.
Today's pickup: Elon and Jeff: The Best of Enemies; India advances national logistics policy Amazon's EV order a shot at Tesla; India advances national logistics policy.
Former Arkansas CEO pleads guilty to two counts of tax fraud Donald Tankersley, 76, former chief executive officer of White Dairy Ice Cream and Tankersley Food Service in Van Buren, Arkansas, pleaded guilty to two counts...
Flooding, road closures continue in southeastern Texas Interstate-10 bridge remains closed near Houston after last weeks flood damage. Other roads still underwater.
1,160 kg Indian Ocean ketamine seizure The $42.3 million bust is the latest in a string of global maritime drug seizures at sea and in ports.
Location intelligence is business intelligence Data is enabling businesses across industries to optimize their resources and become more efficient, and commercial trucking is no exception.
No-deal Brexit will have devastating impact, say EU auto trade groups European auto unions and trade groups have come out with a statement that warns of a seismic impact on the auto economies of the EU...
Port Report: K + N looks to offset carbon footprint by 2030 Forwarder outlines pathway to carbon neutral future as climate change takes on new urgency.
Lawsuit sheds light on aborted Omnitracs deal A Solera board member alleges that in 2017 Vista tried to force it to buy another portfolio company, Omnitracs.
Strong bunker prices help shipowners maintain freight rate gains A recent rise in shipping freight rates looks set to remain amid surging bunker prices.
Crude settles higher as market weighs Saudi output prospects Crude futures ended higher Monday as the market continued to weigh up the prospects of returning production from Saudi Arabia.
External: Global Risk Management
Neste advances renewable product operations in China, Singapore refinery expansion Neste will purchase renewable waste and residue raw materials from local collectors on the east coast of China.
REFINERY NEWS: Nigeria plans full upgrade of all 4 plants: NNPC "We will commence actual rehabilitation work in January," Kyari said in an NNPC statement.
- 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
