River cleanup group reaches new milestone Illinois-based environmental organization Living Lands & Waters has nearly doubled the amount of garbage removed from U.S. inland rivers compared to this time last year. So far in 2019, the group, established
Marie Curie joins Baleària LNG fueled fleet Spanish ferry operator Baleària reports that the Marie Curie, its fourth LNG fueled smart ship will enter service on its Valencia-Ibiza-Palma route from Friday, July 26. The ship is a twin of
Sea Machines and MARAD to trial autonomous tech on MSRC skimming vessel Boston-based Sea Machines Robotics has entered into a cooperative agreement with MARAD to demonstrate the ability of Sea Machines' autonomous technology in increasing the safety, response time and productivity of marine oil-spill
Seaspan again picks Schottel for newbuild LNG hybrid ferry duo Spay, Germany, headquartered Schottel has been chosen as propulsion supplier for the two newbuild Liquid Natural Gas (LNG)- battery hybrid ferries on order at Damen Shipyards Mangalia, Romania for Canada's Canadian Seaspan
Stena Bulk in direct contact with crew of Stena Impero Stena Bulk said today that it has had direct communication with the crew of the Stena Impero since late yesterday. The Master advised that everyone was safe with good cooperation with the
GasLog halts Hormuz passages on UK and Bermudan advice Changing flag could be 'one option' for owner's large liquefied natural gas carrier fleet, which is overwhelmingly flagged in Bermuda
Correction - UK Chamber of Shipping OUR story 'Royal Navy 'shadows' UK-flagged ship through Hormuz as transits continue' (Lloyd's List, July 23) said the UK Chamber...
British flag tankers facing six-figure extra hit on war risk premiums One UK flag owner is said to have been quoted as much as 0.8% of hull value for a single...
Teaching change for an era of transformation IAMU, the maritime universities' association, is anticipating transformation in shipping and creating a syllabus for leaders of an industry that...
TechnipFMC wins Arctic LNG 2 contract worth $7.6bn Project majority owner Novatek locks down stake sales to Chinese, Japanese and French interests
HPH volumes little changed as Hong Kong terminals slide HPH Trust warned of a challenging global external environment ahead, with heightened Sino-US trade tensions in recent months and a...
Two British-flagged tankers tracked through Hormuz Strait Since Iran captured the UK-flagged product tanker Stena Impero on July 19, British-flagged vessels have been advised by the UK government to...
Seafarers should not be used as 'pawns' in geopolitical conflicts With restricted or no access to communications and without really knowing the extent and consequences of their detention by military...
Vale resumes partial operations at Vargem Grande The resumption in activities will see about 5m tonnes of additional iron ore production this year, Vale said
Universities' association launches Global Maritime Professional initiative In an effort to get maritime universities to respond more rapidly to the changing maritime world, the IAMU has launched...
Autonomous shipping boost for Zhuhai The duo will apply the technology on ships serving the domestic trade on the Xijiang River in southern China
Ministry confirms Indian crew on board Grace 1 and Stena Impero are safe Officials from the Indian High Commission in London will meet the crew of Iranian tanker Grace 1 on Wednesday
Stena Bulk says seized crew are safe after Iran allows contact 'We do of course appreciate this step of development and that this is a first sign that we will soon...
ICTSI Manila terminal completes post-panamax quay crane upgrade Capacity upgrades are also ongoing with the construction of Berths 7 and 8, and back-up areas for the future Berths 9...
Daily Briefing UK-flagged ship makes first Hormuz transit since tanker seizure | When can a state seize a vessel? | Beijing accuses...
China issues plan for 2020 sulphur cap implementation China Maritime Safety Administration is also to establish an integrated ship fuel reporting system across the country
APM Terminals steps up LA automation effort after quarantine flag alert Six straddle carriers were eventually unloaded at the Port of Los Angeles to enable APMT to start its automation of...
Fincantieri's profit falls amid asbestos lawsuits Fincantieri saw a fall in earnings have after paying for litigation related to asbestos claims and a hefty tax bill. The Italian shipbuilder posted €12m in net profit for the year's first half versus €15m during the same period last year. Adjusted net profit came in at €34m, down from $39m. Lines splash out billions on mega-makeovers for cruiseship giants The company paid $18m to settle lawsui
Eagle nosedives on convertible debt offer for ultramax swoop Shares of Gary Vogel-led bulker player plummet during morning trading.
Order-starved Mitsubishi to build Navios VLCC contracted at Imabari Imabari subcontracts compatriot to build one of four VLCCs ordered by Greek owner
Susesea Holdings plots growth in handysize bulker sector Shipowner also fixes first vessel and plans a few more
China Navigation pays $13.8m for Leonhardt & Blumberg boxship Singapore-based shipowner takes feeder-sized vessel from the Leonhardt & Blumberg stable
SailCargo carves out fresh future in Costa Rica with sailing ship On Watch: TradeWinds' weekly column taking a sideways look at shipping news
John Fredriksen ups his stake in debt buyer Axactor John Fredriksen has raised his stake in a company that isn't directly related to the maritime world but specialises in one of its core issues: debt. Tanker king Fredriksen injecting $100m into Norwegian Air Shuttle Geveran Trading, which is indirectly controlled by Fredriksen family trusts, has bought an additional NOK 15.6m ($1.8m) stake in Axactor, a multinational debt buyer. The company acq
Middle East tension and falling oil demand in tanker 'tug-of-war' Evercore ISI weighs up the negative headlines and their contrasting impact on tanker rates at a time investors have already claimed the 'easy money' for this cycle
China hints at tighter restriction on open-loop scrubbers Transport ministry seeking industry opinions on whether to extend the current restriction beyond the coastline from next year
Fire-ravaged Maersk boxship ready to return Renamed Maersk Honam back with new bow section from Hyundai Heavy.
HHI seeks Chinese okay for mega-merger South Korean shipbuilder takes another step towards tie-up with DSME.
Capesize rates take a big hit as dry bulk market takes a break Is this the start of a sustained bearish trend or just a market correction?
UK's top court fills shipping gap with new trio Supreme Court appoints maritime expert Lord Hamblen and two other judges with strong commercial experience
Eagle Bulk Shipping in six-strong ultramax swoop backed by notes issue New York-listed shipowner raises up to $115m in latest multi-ship transaction
Seafarers caught in crossfire in hostile Strait of Hormuz Forget trade disruption and rising insurance premiums it's seafarers, not shipowners, that are really feeling the heat of the Gulf crisis
Court launches auction of $160m cancelled dredger Former Jan de Nul newbuilding could be sold by the end of September.
Polarcus returns to profit as seismic sector turns up Firm oil prices, increasing E&P and an expanding client base are all reasons to be bullish
GEV could lease $1bn-plus gas carrier fleet Australian group considering financing options as big CNG vessel order takes shape
Uljanik Plovidba turns red as it eyes ship sales Croatian owner posts second quarter loss, but cash on hand rises.
Palmali director faces tax evasion case Executive at tanker owner's Russian unit accused of undervaluing profit.
British Strait of Hormuz protection plan wins initial backing despite Brexit European nations are setting aside Brexit rivalries with initial support for a British-inspired mission to protect shipping in the Strait of Hormuz. Foreign minister Jeremy Hunt proposed the plan this week after Iran's seizure of the 50,000-dwt Stena Impero (built 2018) in retaliation to the detention of a VLCC in Gibraltar. BW LPG gas carrier completes Strait of Hormuz transit Iran keeps Stena
ReCAAP in the dark over China's Malacca Strait warning Asian piracy watchdog says no explanation has been offered by China despite incidents across Asia being at a record low
HFW strikes $25m litigation funding deal Legal firm seals agreement with Augusta Ventures to support clients.
NGM Energy buys capesize following VLCC asset play Secondhand buyers' attention shifts to large bulkers as dry bulk activity rises
German shipping 'royalty' rallies to back digital start-up ShipStock Oetker, Oldendorff, Offen, Rickmers and Hinneberg family members involved in 'first purely online maritime network'
Subsea 7 banking up to $150m from Orsted deal Kristian Siem-backed company to install 420km of cables for UK wind farm.
TechnipFMC scoops $7.6bn Arctic LNG 2 contract French offshore engineering group lands major deal to help construct Novatek's new gas platforms.
BW LPG gas carrier completes Strait of Hormuz transit Singapore shipowner's VLGC reportedly sails through disputed waterway without incident
China to surpass Japan as top LNG importer by 2022 Decline in Japanese imports will be driven by competition from coal, nuclear and renewables.
West of England recruits Tobin to drive offshore expansion Insurer taps fellow International Group Club to recruit someone who brings a "wealth of experience"
CBP grappling with 'unprecedented crisis' The deployment of Customs and Border Protection officers to the U.S. southern border with Mexico has caused "real resource challenges," says Acting CBP Commissioner Mark Morgan.
E-commerce pilot 'not a data grab' Nine participants from the e-commerce sector will provide Customs and Border Protection certain data elements in advance of shipments arriving in the U.S. during the yearlong pilot.
McAleenan welcomes advice on migrant influx Trade advisory committee tasked with proposing ways to improve economic conditions in Guatemala, Honduras and El Salvador will submit report at Aug. 21 meeting.
House shows support for Israel A nonbinding resolution opposing the global boycott, divestment and sanctions movement against Israel passed the lower chamber by a landslide.
Port of Virginia finishes terminal expansion
BIS issues first decision on Section 232 exclusion requests in new portal
Iran rebuffs UK plan for European force to police the Strait of Hormuz Iran has rejected UK plans to coordinate a European force to protect shipping in the Strait of Hormuz.
Oil price calm amid Gulf tanker storm seen as overly cautious Despite escalating tanker threats in the Strait of Hormuz, global oil prices have remained stubbornly stable in recent weeks.
Crude stocks crater as exports pick up post-Barry US crude stocks fell sharply last week as US Gulf Coast operations began to normalize in the wake of Hurricane Barry.
FUTURES 5: Oil pulls back as demand growth concerns come into focus Oil settled lower Wednesday as demand growth concerns overshadowed a large US crude draw and simmering tensions in the Middle East.
Uneconomical long-haul voyages dampen appetite for HSFO ahead of 2020 HSFO prices in Singapore are rising against European prices, making the arbitrage window look good on paper.
External: Global Risk Management
FEATURE: Bunker market looks for extended credit lines as IMO 2020 nears Shipowners are under pressure to evaluate existing credit lines and or even expand their supplier network.
China likely to allot 6 mil mt product export quotas to four oil majors: source "Those [state-owned] oil companies have been finalizing the volumes for each product and are going to submit the application," a source said.
FUJAIRAH DATA: Light distillates stockpiles fall for first time in 4 weeks Stockpiles of middle distillates, such as gasoil, diesel, marine gasoil, jet fuel and kerosene, slipped 9% to 2.101 million barrels, a three-week low.
FUTURES: Crude higher on US stock draw, US-China trade talks "Optimism from a restart in US-China talks also lifted energy prices," OCBC analysts said in a note.
Oil-product barges start to shortload on falling Rhine levels This shortloading of barges, combined with demand for barges to take product inland before logistical issues worsen has driven barge freight rates upwards.
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