Chinese yard to build 296 passenger ferry for Danish operator China's Afai Southern Shipyard (Panyu Guangzhou) Ltd. is to build a 36 m, 296 passenger Incat Crowther designed fast ferry for Denmark's Samsø municipality. The contract was won in an open international
USCG to award contract for Polar Security Cutter "this spring" The U.S. Coast Guard is set to award the contract for the first Polar Security Cutter in the very near future. Giving the 2019 State of the Coast Guard address at Coast
Lavle at work on Solid Electrolyte Battery ESS for marine market Anacortes, Wash., headquartered Lavle USA Inc. reports that it is developing the world's first, large scale, Solid Electrolyte Battery (SEB) Energy Storage System (ESS) for the marine market. The Lavle marine solution
Maersk, Shell and Dutch shippers in major biofuel pilot A.P. Møller - Mærsk A/S is partnering with a group of Dutch multinationals, including Shell, in what will be the largest maritime biofuels pilot program yet. It will see one of Maersk's
Pangaea links improved results to niche dry bulk strategy US-listed operator completes sale and charter-back for newly acquired supramax that brings fleet to 20
Pyxis eyes IMO 2020 silver lining for product tankers New sulphur rules seen as 'primary reason' for expected market improvement later this year
London marine business already hurt by Brexit, IUMI says 'Some are choosing not to place business in London on account of uncertainty,' Richard Turner has claimed, even speaking of...
Fearnley Securities names Halvorsen as chief executive Mr Halvorsen replaces Even Matre Ellingsen who will head up Astrup Fearnley which offers advisory, research and brokerage services for...
Elba Island LNG project faces delay Elba Island LNG is one of three LNG export terminals coming online in the US Gulf this year
Polish register defies US sanctions to class Iranian tankers Polish class society takes in US-sanctioned NITC tankers, arguing that political goals should not compromise maritime safety and environmental protection
The Lloyd's List Podcast: Has the green agenda overtaken safety? Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
FIS sees hedging opportunities from new grains route Forward freight agreement volumes in the dry bulk market have risen 37% in the 12 weeks this year versus the...
How important are shifting VLCC trade flows? Oversupply remains a significant headwind to tanker rates
Power plays at Southeast Asian LNG terminals The difference between official project approval and actual fruition can be vast and the devil is in the many details...
PSA volumes rise as net profit slides Chairman warns that the outlook for 2019 remains challenging amid a weakening world economy and prevailing protectionist sentiment
Marine can 'return to forefront' at Lloyd's, says Neal Panel discussion praises people-to-people connections in London market, but slow claims handling can be a costly distraction, risk managers warn
Strong leadership is a company's best cyber protection The management of ballast water discharge and low-sulphur fuel consumption is mandatory, but cyber hygiene is not
Hapag-Lloyd sees positive growth in 2019 Second half of 2018 saw an improvement in rates, but fuel costs still a concern as Hapag-Lloyd posts €46m profit
Marine Insurance London conference: Less is more The withdrawal of about a dozen marine underwriters means that those who are able stay the course are likely to...
GE to develop hydrogen fuel cells for cruiseships GE is linking up with fuel cell specialist Nedstack to power zero-emission passenger ships, with a long-term eye on replacing...
Maersk to trial biofuel on Triple-E voyage The Danish container shipping giant has teamed up with Dutch shippers to investigate the viability of biofuels on a Rotterdam-Shanghai...
Daily Briefing Iran oil exports on the rise as national tanker fleet reflags | Exclusive interview with Brian Johnson | Euronav says...
The Interview: Brian Johnson So what on earth is a trained chemical engineer whose last job was running one of Britain's largest housing associations...
Japanese refineries set target for IMO-compliant fuel availability Japanese want IMO-compliant fuel readily on sale by October-November this year so that there are no last-minute problems when real...
Western Australia battles rising LNG carbon emissions Regulator finds carbon emissions are rising in the region and look set to continue this pattern owing to the LNG...
LA port delays decision on APMT's bid for automation The immediate disagreement between APMT and the ILWU is over a permit allowing for the installation of electric charging stations...
GasLog newbuild locked into eight-year charter The long-term charter at undisclosed rates comes with two optional extension periods of six years each, which GasLog says will...
Product tanker market's troubles nearly over, says Paolo d'Amico The company expects to complete a $60m capital increase in the first half, reinforcing its balance sheet just in time...
Scorpio Tankers registers stock from sister play Emanuele Lauro-led tanker owner lists shares acquired by Scorpio Bulkers in fourth-quarter ante.
'Consistent' Pangaea turns in solid quarter Analyst says Ed Coll-led owner does things its way and represents alternative to other plays on dry bulk market.
Dynagas returns to loss on less revenue Tony Lauritzen-led LNG carrier owner sees less revenue for the fourth quarter.
Fred. Olsen Renewables refinances $526m in debt Bonheur subsidiary extends debt maturity to 2032.
Total touts its 2020 fuel offerings on global tour But shipowners and operators crave pricing and specification details as concerns on compatibility rumble on
Owners reactivating North Sea OSVs Owners are bringing more OSVs out of layup in an increasingly buoyant North Sea market. Broker Westshore identified five ships that have been reactivated since the start of March. Havila Shipping's 3,700-dwt platform supply vessel (PSV) Havila Clipper (built 2011) has re-entered the market after 67 days idled in Bergen. SDSD reaches "turning point" with PSV deal Boa: significant OSV over-capac
Fredriksen family lifts Golden Ocean shareholding John Fredriksen and his immediate family have spent NOK 2.3m ($263,000) for an increased stake in Golden Ocean Group. Fredriksen turns focus to plan succession strategy and mergers Fredriksen purchase sparks Avance Gas shares into life Hemen Holding, which indirectly controls the family's trusts, on Friday purchased another 50,000 shares in the Oslo-listed bulker owner at a price of NOK 45.0
US chief Marius Halvorsen to head Fearnley Securities Fearnley Securities has found a new chief executive from within its own ranks, it confirmed today. Respected finance man Marius Halvorsen has been appointed to replace Even Matre Ellingsen who is taking the top at Astrup Fearnley. 'Strong leader' Torgersen exiting Astrup Fearnley Fearnleys gets US thumbs up Soren Greve heads back to Fearnleys as global S&P chief Halvorsen joined Fearnley Secu
Lloyd's of London boss John Neal backs marine market to bounce back Lloyd's of London chief executive John Neal has backed the marine insurance sector to recover following cut backs and withdrawals of insurance capacity by at least 11 syndicates operating in the market over the past year. Skuld to focus on diversification after withdrawing from Lloyd's Insurers battle it out in Brillante Virtuoso $77m 'scuttling' trial Lurssen fire has 'galvanised' London's hul
Paolo d'Amico sees strong demand for scrubber-fitted newbuilding Paolo d'Amico is confident of finding employment for the final LR1 newbuilding set for delivery to d'Amico International Shipping (DIS) in the third quarter of 2019. The ship is the last in a series of six 75,000-dwt vessels contracted at Hyundai Vinashin Shipyard and is currently the only tanker in the DIS fleet to have a scrubber fitted. d'Amico International Shipping in $50m equity raise back
NYK merging towage operations Japanese owner NYK is combining two towage companies. It said Wing Maritime Service and Kaiyo Kogyo will merge on 1 July. "The social structure and the business environment surrounding the NYK Group is dramatically changing, and NYK will integrate the management resources of these two companies to increase efficiencies and create value in accordance with the group's medium-term management plan '
Cancelled Vroon AHTS resold in China An anchor handling tug supply (AHTS) newbuilding cancelled by Vroon in 2017 has been resold in China. VesselsValue said the 85-bp VOS Charm, which is listed by Clarksons as due for delivery in August, fetched $9.5m from an undisclosed buyer at the Fujian Southeast Shipyard. The company values the unit at $9.76m. It is one of four AHTS ships and two platform supply vessels cancelled by Vroon in
KGJ linked to double tanker sale Kristian Gerhard Jebsen company SKS Tankers is reportedly close to selling its last two ships built before 2000. After disposing of two 1999-built aframax combination carriers (OBOs), it is left with two Hyundai-built sisterships. The 109,000-dwt SKS Trinity and SKS Tanaro (both built 1999) are due for special survey this year and, as SKS Tankers tends to keep its ships until they are 20 years o
Crewman killed on ICG ro-pax A seafarer has died in an accident on an ICG ropax in Ireland. Police were cited by the Irish Times as saying the incident happened during loading of the 34,000-gt Isle of Inishmore (built 1997) at Rosslare on Thursday. The dead crew member was in his 20s. ICG's Irish Ferries said it had been informed "by the company that provides its crew services" that "a very serious incident involving one o
Braemar ACM: Capesize and VLOC scrapping surge takes 2019 tally past last year's total A surge in demolition activity at the top end of the bulker market has seen more capesize and VLOCs scrapped this year than in the whole of 2018, Braemar ACM says. Berge Bulk and Vale scraps bulkers in hot demolition market Greek and Korean shipowners push capesize scrapping into double figures for 2019 Vale and Cyclone Veronica deliver fresh blows for depressed dry bulk market The Brumadinh
Hapag-Lloyd shares hop as German line's outlook outshines Maersk Hapag-Lloyd shares were gaining ground on Friday after the German container line handed out a dividend alongside a strong outlook for 2019 - in contrast to the cautious stance of rival Maersk Line. Soren Skou sets out list of concerns clouding AP Moller-Maersk's outlook AP Moller-Maersk shares slump on 2019 outlook 'shock' Hapag-Lloyd swings cost axe as it sets out new strategy Hapag-Lloyd exp
Maersk launches biggest biofuel trial yet with Triple-E ship Denmark's Maersk Line has launched the world's largest marine biofuel pilot scheme. The Dutch Sustainable Growth Coalition (DSGC) said members including FrieslandCampina, Heineken, Philips, DSM, Shell and Unilever have teamed up with the shipowner to take a step towards the decarbonisation of shipping. CMA CGM to trial biofuel for boxships Maersk will test out sustainable second-generation biof
North Korea takes aim at STS monitors North Korea has slammed Japan over its efforts to crack down on illegal ship-to-ship (STS) transfers of cargoes. Japan's foreign ministry said earlier this month that France had decided to support its monitoring of STS operations involving North Korean-flagged vessels banned under UN sanctions. North Korea's state-owned Korean Central News Agency (KCNA) called the move a "last-ditch effort" to h
ONE joins Asia to India service Japanese line Ocean Network Express (ONE) has joined an Asia to India service as a vessel operator. The weekly China Chennai Express (CCX) string replaces the existing Asia Chennai Express run that ONE currently takes slots on. The CCX rotation is Shanghai - Ningbo - Hong Kong - Shekou - Singapore - Port Kelang - Chennai - Kattupalli - Port Kelang - Singapore - Haiphong - Shanghai.
Shell man Lars Wogen takes over at Litasco's Eiger Shipping Russian trader Litasco's shipping arm Eiger Shipping has a new boss. According to a change in the commercial register of the canton of Geneva, the "powers" of former managing director Kristian Aursnes have been struck off and conferred on US-born Shell executive Lars Wogen. Wogen, born in March 1978, was previously the oil major's global crude freight trading manager. Aursnes told TradeWinds he
TransPetrol Maritime hikes earnings for MR tanker with BP charter Belgian owner TransPetrol Maritime Services is set for higher revenues from one of its MR tankers after it was fixed for a year by BP. European shipbrokers said the 50,000-dwt Luctor (built 2011) has been fixed at $14,250 per day. The ship is coming off a charter to Castleton Commodities International at $13,850 per day. The deal comes as time-charter rates for MR tonnage is moving markedly hi
SDSD reaches "turning point" with PSV deal Norwegian platform supply vessel owner SD Standard Drilling (SDSD) may have reached a "significant" turning point after fixing three ships at better rates this week. Clarksons Platou Securities said the deals were done at "levels that we expect will generate significant cash flow". SDSD said yesterday that it had agreed charters amounting to up to 470 firm days, with options for another 265 days
First Baltic Exchange LNG index to go live next week Two more routes on the boil in blind and private trials as trading in the commodity hots up
Fredriksen's Flex inks time charter with super-major John Fredriksen's Flex LNG has tied up a one-year time charter with a super-major as it continues to position for a strong market in the future. Oslo-listed Flex said the contract would begin in the current quarter but further details were kept under wraps. Flex boss is straight-shooter who likes getting hands on Flex LNG steers into a burgeoning spot market after a year of transition Oystein
Uljanik workers weld yard gates shut Workers at troubled Croatian shipbuilder Uljanik have gone on strike, welding shut two main entrances to the plant in Pula. Reuters reported that the Thursday walk-out is the third since August as they seek back pay. Brodosplit: expenses must be "drastically" cut at Uljanik Uljanik union leader Boris Cerovac criticised the government for "dragging its feet" on a decision to restructure the ship
Havyard faces covenant breach after accounting "deviations" Norwegian shipbuilder Havyard has uncovered "significant accounting deviations" in its fourth quarter report. The find means it will have to knock NOK 100m ($11.84m) off the bottom line. The deviations mainly relate to two major prototype projects at Havyard Ship Technology's shipyard in Leirvik, where completion is ongoing. "When reviewing other ongoing projects, no deviations of significance
Japanese owner orders bulker quartet An unknown Japanese owner has been linked to a new order of four bulkers at the domestic Toyohashi Shipbuilding plant. The 39,200-dwt vessels are due to be delivered July, August, September and October 2020, Clarksons said. No price has been given for the deal. A series of four 38,200-dwt bulkers due in 2019 from the yard is also attributed to an unknown domestic owner, according to the broker.
New CFO Kilcullen to lead Diamond S merger Diamond S Shipping has found a new chief financial officer (CFO) to lead its merger with Capital Product Partners. The US tanker owner has brought in Kevin Kilcullen from Oslo-listed Team Tankers International, where he has been finance chief for three years. Before that he was CFO at Principal Maritime, a private equity-backed owner of crude and chemical tankers. TradeWinds reported last month
Samsung Heavy bags another LNG newbuilding deal South Korean shipbuilder books another gas carrier in otherwise slow newbuilding market
Pangaea Logistics completes bulker sale and charter back deal Ed Coll-led bulker owner has bolstered its balance sheet with sale of recent acquisition.
IMO's scrubber rules should be science based, DNV GL says More studies on the ecological impact of open-loop scrubbers are needed even if they are costly and time consuming
Pyxis Tankers sees fourth quarter loss almost triple However, product tanker specialist expects "significant upswing" later this year ahead of IMO 2020.
SOM box ports will struggle to match 2018 performance Analyst says Westports, PTP and Singapore's PSA experienced growth rates not seen since 2011
Vote delayed on Los Angeles terminal automation permit The Port of Los Angeles Harbor Commission delays a vote on permitting APM Terminals to automate its Pier 400 container terminal during a hearing that drew more than 2,000 people.
Florida domestic maritime jobs grow 25 percent Elected officials and industry leaders announced the growth Friday at events in Jacksonville and Tampa and celebrated the state's domestic maritime industry, which employs nearly 66,000 people.
Teamsters reach tentative agreement with YRC Worldwide Details of the new deal will not be released until they are reviewed at a two-person meeting, said the union, but it will succeed the current agreement set to expire March 31.
'Red flags' of North Korean maritime smuggling Treasury continues to expose ways that shipping companies evade U.S. and U.N. sanctions to handle exports and imports for the North Korean government's financial benefit.
Colombia seeks major investments to boost exploration and oil production Colombia's plan to award 30 offshore and conventional blocks could help reverse the country's decreasing oil output
Turkish Petroleum adds 1,560 b/d production from three new wells: minister Turkish Petroleum has begun oil production from three new wells
Argentina's Neuquén sees rise in oil and gas output from Vaca Muerta Argentina's Neuquén province expects its oil and natural gas production to increase this year
PDVSA looking to hire refined products tankers as sanctions thin available fleet Venezuelan state-owned PDVSA is seeking to extend the contracts of three petroleum tankers, and hire five additional tankers
Strikes at Greek's Hellenic refineries late March: sources A strike is planned at Greek Hellenic Petroleum's refineries at the end of the month, which could impact bunker fuel supplies
ARA fuel oil stocks fall 13% on week as Saudi demand emerges Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub dropped by 13% on week to 775,000 mt in the week to Wednesday
Singapore residue stocks fall 8% on week to 20 mil barrels, imports at 6-week low
INTERVIEW: Locking in HSFO supplies is key for scrubber-fitted fleet post 2020 - consultant "I think the scrubber argument is still very positive," Tolson said.
FUTURES: Crude dips on global growth concerns, Brexit jitters "This morning saw the can kicked down the road for certain with regards to Brexit," an analyst said.
European HSFO strength ebbs on closed arb east, but Saudi demand set to lend support "Demand should start picking up again when summer kicks in as cooling season will start in the Middle East," a trader said.
Houston bunker prices stable despite brief terminal closures due to fire BOSTCO "is a big [terminal] for fuel oil, so could see it affecting IFO 380 loadings," a market source said.
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