Harland & Wolff buyer in MoU with Spanish shipbuilder InfraStrata plc (AIM: INFA), the U.K. infrastructure project company that is buying the assets of Harland & Wolff, reports that is has entered into a Memorandum of Understanding (MoU) Spanish shipbuilder Navantia
Seabourn expedition ship completes ice model testing Seattle, Wash., headquartered ultra-luxury cruise line Seabourn has marked another milestone in the construction of its new expedition ship, Seabourn Venture. Ice model testing of the ship's PC-6 rated hull has now
NYK starts research aimed at manned autonomous vessels Japan's NYK Group has reached joint research agreements aimed at developing advanced condition-based maintenance (CBM) management processes for ship machinery, and has started verification of data during actual ship operations. Machinery plant
From the News Desk: Beyond the tear gas in Hong Kong Our regular round-up of the stories behind the headlines this week comes to you from Hong Kong, where the Hong...
IMO loosens media rules in transparency push From hereon, journalists will be able to quote delegations during IMO meetings
International Group should slim down to eight or give back $1bn, Marsh recommends 'All we are saying is, having 13 clubs essentially doing the same thing in pretty much the same way means...
The Lloyd's List Podcast: The view from Hong Kong and Dubai The Lloyd's List team have continued their world tour this week hosting events in the Middle East and Asia. In...
International Group rule changes will free up charterers' business, Shaw insists 'The main feeling was that it needed to be made easier for members to move between clubs and that means...
Sustainable shipping leads the debate for the Lloyd's List Outlook 2020 webinar Shipping stands at the threshold of another year, but rather than trying to guess what might happen in 2020, it's important...
Performance Shipping buys third aframax Chief executive Simos Palios makes $11m further investment in Nasdaq-listed company through stock remuneration for his downpayment on 12-year-old Zodiac...
HKSOA unveils new chief as the Asian shipping hub strives to rise again Anglo-Eastern chief executive Bjorn Hojgaard will take the helm from Oak Maritime's chief Jack Hsu as the chairman of HKSOA
Daily Briefing Free to read: Fredriksen's Seadrill decision signals billionaire's exit strategy preparations in play | Choice of digitalisation routes open to...
Chinese coal import restrictions hurt bulk carrier demand This development has dealt a blow to the capesize and panamax segments as owners were preparing for the upcoming winter...
The Interview: Ricaurte Vásquez Every one-foot reduction in draft is equivalent to about 350 loaded containers. That means boxships sailing from Asia to the...
Fuel price spread hit record this month As well as gaining on the price spread over non-compliant fuel oil, compliant fuel oil is being traded in larger...
Gourdomichalis brothers to defend Munich Re abandonment conspiracy action The action from Great Lakes Insurance SE also includes counts of negligence, unjust enrichment and promissory fraud
Lobby group frustrated by Malaysia scrubber ban The pro-scrubber lobby group the Clean Shipping Alliance 2020 argues that the latest ban on open-loop exhuast gas scrubbers is...
Seaspan to reorganise and diversify into power sector A shareholders' vote on the deal is expected to be held in the first quarter of 2020. However, Fairfax, the...
Munich Re Syndicate wins Insurer of the Year BPL Global, Brit and Clifford Chance among other winners at 2019 London Market Awards
American Club dismisses Great Lakes lawsuit as 'groundless' The lawsuit makes 'thoroughly offensive' statements against the club, which was acting within its rules, a letter from its CEO says
Researcher names VLCC linked to July oil spill, but owner issues denial Representatives of Greek-managed vessel dismiss any connection to the pollution, saying ship was half a world away when spill happened
Danaos prices $54m share offering earmarked for ship buys Danaos Corp has set the pricing of its multimillion-dollar equity offer, in which it aims to raise cash to add more vessels to its existing fleet of 60 containerships. Danaos to tap equity market with $55m common stock offer The Greek boxship owner said Monday that it is offering $55m in common stock, after major stakeholders showed interest in buying about $25m at the public offering price. Th
Diana Shipping wins new timecharters from Oldendorff and Phaethon Two bulk carriers owned by Diana Shipping have won new long-term contracts with major charterers. Diana Shipping offers to repurchase $10m in shares Oldendorff Carriers has fixed Diana's 87,150-dwt post-panamax Electra (built 2013) for 11 to 13 months, which started on Friday, Diana said in a release on Friday. The vessel is earning a gross charter rate of $10,250 per day, minus a 5% commissi
Davie brings construction of LNG ferries to North America The shipyard, which is owned by Europe's Inocea Group, is also building icebreakers
US and Brazil orderbooks at historic lows amid meagre activity across the Americas Activity at regions' two largest shipbuilding nations at lowest level in at least 15 years
Scorpio Services Holding buys up more Hermitage shares Scorpio Services Holding went back for another round of Hermitage Offshore. This time, the holding company bought 84,602 shares in the New York-listed company at $1.59 each. It already owned more than 9.3 million shares. Four bids in to take over restructuring Bourbon Last week, Scorpio Services Holding supercharged Hermitage shares, buying 332,073 shares for $1.49 each, sending shares up 70% t
Fredriksen to continue to spend time on Seadrill Tycoon has chaired the drillship company for 14 years
EU appeals Indonesian nickel export ban at WTO The European Union (EU) has hauled Indonesia before the World Trade Organisation (WTO) to reverse the Asian country's export bans on a string of metals used in steel production including nickel, a key commodity for bulk shipping. Dry bulk's summer of love may be over, but outlook is still bright "These restrictions unfairly limit access of EU producers to raw materials for steel production, nota
Rosatom aims to rival Maersk with $7bn push into shipping Russian nuclear agency wants to capitalise on potential of Northern Sea Route through huge newbuilding push.
Captain dies in fire on Angelicoussis ore carrier A fire on an Angelicoussis bulker off the coast of Brazil has left the vessel's captain dead, Greece's coastguards said in a statement on Friday. There were no other injuries or environmental damage. The blaze broke out in the early morning hours on the 276,600-dwt Ore Sudbury's (built 1991) third accommodation deck. It was extinguished by the crew. However, the 40-year-old captain was retrieve
DIF could move further into LNG after debut deal with NYK European infrastructure fund's France LNG Shipping venture is its first in maritime arena
Exmar, DEME teaming up to study hydrogen transport chain Owners joining utilities and ports to lead Belgium towards "hydrogen economy"
All eyes are on planned merger of Europe's biggest shipbuilders Will the creation ofa European shipbuilding champion help or hinder the industry?
Teekay Shuttle Tankers lowers costs to hike earnings Oslo-listed owner rejigs fleet to boost performance
VesselsValue allies with Idwal Marine for condition-based valuations Partnership allows value estimates that take into account maintenance
Shipping guru Martin Stopford warns of perfect storm for IMO Regulator should draw up a framework to ease the transition to low-carbon future and instill confidence in shipowners and revive shipyards' orderbooks
Hudong-Zhonghua to double its output of LNG carriers Strong welding team helps to build unrivaled reputation
European Commission extends liner industry exemption from antitrust rules Liner consortia exempt from European competition legislation until 2024
Ocean Yield raises $79m as it buys four Navig8-chartered tankers Kjell Inge Rokke company snaps up modern LR2s from Chinese leasing company.
Dynagas LNG Partners pays off $250m notes as loss falls below estimates US-listed LNG carrier owner says it is positioned for growth initiatives
Ince's Singapore chief fired for molesting three women Devandran Kurunakaran sacked after being fined over actions on drunken night out
BULL swoops on quartet of aframaxes, LR2 tankers Indonesian player linked to Marinakis aframaxes, seen behind FSL Trust LR2 sales
Four bids in to take over restructuring Bourbon French court to consider offers for OSV owner trying to reorganise its business
SocGen's Asia trade finance heads exit in wake of bunker fuel losses Fears that French bank may wind back financing services to the bunker trading market
BTG setting up first marine biofuels refinery Biomass company teaming with Dutch producer GoodFuels for sustainable bunkers
Drewry: China continues to diversify away from US LPG UK research house said geopolitical move will lead to increased tonne mile demand
Team Tankers calls in advisors as it looks to 'maximise value' Hans Feringa-led chemical tanker owner has also initiated a share buy-back program
BW's DHT culling a matter of balance, Sohmen-Pao says The BW Group's 14.68 million share DHT Holdings sell off was a move to "balance its portfolio," Andreas Sohmen-Pao said Thursday. New York-listed DHT announced after the bell Thursday that the deal had closed and that BW-appointed director Anders Onarheim will depart pursuant to the investor rights agreement between the two companies. VLCCs breach the $90,000-a-day mark amid broad tanker bullish
Local, global challenges hit Oregon LNG project Environmental opposition and a glut of LNG are among the challenges facing a proposed Oregon natural gas pipeline and export terminal project.
Volvo Trucks will lay off 700 workers in January (Update) Volvo Trucks North America will lay off about 700 workers in January, extending an industry pullback in production to match slowing orders of new Class...
Goodman's North American unit swallows 65 acres of Los Angeles 'infill' real estate Unit of Australian real estate firm Goodman muscling in to L.A. urban real estate construction market
Federal court sides with Atlas Air in dispute with pilots More substantive talks could ensue in the four-year-old labor saga between Atlas Air and its pilots' union after a federal appeals court ruled the union...
Trump restores $7.6 billion for state highway projects Texas, New Jersey, Pennsylvania had most to lose if funding had been slashed.
Trade deal unlikely to result in rapid return of cargo volumes Port of Los Angeles Executive Gene Seroka cautioned the port's Board of Harbor Commissioners that even if a trade deal is reached with China, it...
Cutting through the pre-Thanksgiving freight volume noise Freight volumes sluggish despite Thanksgiving distortions
Workhorse says new loan will cover electric truck production Workhorse Group has secured a $41 million loan in its third hedge fund deal in a year that the electric truck maker said will let...
Freight Futures daily curve: 11/22 Trucking Freight Futures remained weak in the South and West on Thursday while the East strengthened.
Plug Power aims for $1B in revenue by 2024 CEO Andy Marsh talks clean hydrogen, a new push into on-road vehicles - and why China does not figure into the five-year revenue plan.
Canadian Pacific to build new transload terminal in Montreal The railway seeks to extend its reach to non rail-served markets.
Senators want Trump to halt export license approvals for Huawei While most license applications related to the Chinese telecom are expected to be denied, news reports surface that some U.S. companies have started receiving approvals...
High-impact snowstorms possible Thanksgiving week Snowfall may be measured in feet in some parts of U.S. Thanksgiving week. Major transportation issues possible.
Today's Pickup: FEMA report suggests blockchain for disaster, insurance claims Federal Emergency Management Agency's advisory board recommends a pilot of the blockchain-based registry to ultimately improve claim processes and disaster responses.
Japan delivered 380 CST bunker premium sinks to 8-week low on weaker HSFO demand "Only a few vessels installed scrubbers, [so] expecting to see low HSFO demand in the coming month," a trader said.
INTERVIEW: Shell to start fuel imports by ship into Mexico in mid-2020 "We are waiting for marine terminals infrastructure to be functional," Fonseca said.
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