Two former Höegh Autoliners execs indicted An indictment of two former Höegh Autoliners executives has been unsealed in the U.S. District Court in Baltimore, according to the U.S. Department of Justice. Ingar Skiaker and Øyvind Ervik have been
Coralius carries out its first ARA LNG bunkering Espoo, Finland headquartered Gasum reports that its 5,800 cu.m LNG bunkering vessel, Coralius has carried out its first ship-to-ship bunkering in the port and refining area of Rotterdam, one of the most
Can blockchain solve the problem of misdeclared dangerous goods? Maritime Blockchain Labs (MBL), founded by blockchain technology specialist BLOC and the Lloyd's Register Foundation (LRF), reports that a consortium has been established to explore the use of blockchain in tackling the
More charges brought in deadly duck boat case Two more employees of Ripley Entertainment, Inc. have been indicted in relation to the deadly sinking of the 1944-built duck boat Stretch Duck 7 that sank in Table Rock Lake, Miss., last
Red & White Fleet's Joe Burgard to speak at FERRIES 2019 Joe Burgard, President of San Francisco's Red & White Fleet, is among the industry leaders who will be speaking at Marine Log's upcoming FERRIES 2019 conference, which this year is being held
Damen completes Europe's first dredge conversion to dual fuel operation Damen Shiprepair & Conversion has completed the conversion of the 117 m dredge Samuel de Champlain to dual-fuel operation on liquefied natural gas (LNG) and marine gas oil (MGO). The first conversion
Veth delivers 4,000th thruster Racine, Wis., based Twin Disc reports that its Veth Propulsion subsidiary has delivered its 4,000th thruster. To commemorate the accomplishment, Tim Batten, managing director, and Erik Veth, resigning managing director, traveled to
China's Kunlun Shipping linked to imports of sanctioned Iranian LPG Vessels are turning off their automatic identification system transponders while in Iranian waters and conducting ship-to-ship transfers off Malaysia and...
Scrubber retrofits boost charter rates VLCC and capesize rates were $3,000 and $2,000 higher in June because of scrubber fittings
Middle East Gulf risks not yet sufficient to override owner obligations, lawyers say 'Any deviation potentially exposes owners to a claim in damages and may also invalidate their P&I cover,' said Stephenson Harwood...
Singapore Shipping Association elects first female president The three other senior industry executives also voted in as SSA Council members are from Cosco (Singapore), Pacific International...
India expands tanker escort operations in Hormuz Strait At least five Indian-flagged tankers have been escorted since Operation Sankalp was launched at the end of last week in...
Transpacific ocean freight in line for big July rate rise Blank sailings and pre-tariff advance orders both support lines' plans for general rate increases of $300-$400, according to digital rates...
Zhoushan poised to beat Singapore on LSFO price A local Zhoushan official says fuel producers are ready to start operations once the tax refund policy rubber stamped by...
Maritime governance should have a future as well as a past Koji Sekimizu has launched his ambitious project to study maritime governance by way of a PhD Fellowship at the World...
Applicants invited for new maritime governance study programme The IMO's secretary-general emeritus has been encouraged to focus on maritime governance after finding no books and no university courses...
Oman Shipping places VLCC order with DSME OSC heads to the South Korean yard for three scrubber-fitted 300,000 dwt VLCCs to be chartered out to oil majors
Daily Briefing Electrofuels will drive shipping's decarbonisation | Trump urges naval protection for Hormuz Strait | Call for more women in shipping...
Philippine National Oil Company in LNG tie-up with Dubai's Lloyds Energy Lloyds Energy's project is aimed at ultimately building a power plant to sell electricity to the wholesale spot market
Hutchison Port Holdings Trust chief Gerry Yim to step down Incoming chief executive officer Patrick Lam is managing director of Yantian International Container Terminals, which is also a member of...
Shipmanagers on board with IMO's gender equality theme for Day of the Seafarer Shipmanagement company Wallem's chief executive warns against attempting to supplant people with machines as it joins the IMO's gender equality...
Samsung C&T, PTSC to build Vietnam's first LNG import terminal The Thi Vai LNG project awarded to Samsung C&T and PTSC will support Vietnam's push to switch from coal to...
Awilco LNG downplays loss of WilForce's remaining time charter The vessel sustained hull damage on reported contact with bulk carrier Western Moscow in late May
Torm installs scrubber on another tanker The 49,999 dwt product tanker is being fitted with a scrubber at the Fayard shipyard in Denmark
Deans to replace Butters as Navigator CEO Harry Deans is set to replace David Butters as chief executive of Navigator Holdings in August. The London-based, New York-listed tanker owner announced the move, effective 22 August, after the close of trading Wednesday. "I am honored to be given the opportunity to fulfill the role of chief executive officer at Navigator and I look forward to working even more closely with the Navigator managem
Expensive scrap boxships 'to be laid up' as recycling rates fall Bangladesh budget outcome takes cash buyers by surprise with additional blow of sliding prices
Formosa Plastics Marine sells MR tankers in fleet renewal drive Taiwanese shipowner's MR trio fetches below market price due to tank coatings
US Supreme Court delivers victory for shipowners on punitive damages The 6-3 majority opinion says allowing punitive damages would create 'bizarre disparities' in the law
Star Bulk's Capralos elected to International Olympic Committee US-listed Star Bulk now boasts a member of the International Olympic Committee (IOC) among its ranks. The IOC, guardian of the international Olympic movement, today elected the company's non-executive chairman Spyros Capralos as a member. Known in Greece, the birthplace of the Olympic ideal, as the "immortals" due to their elevated position in sports, the IOC's 95 active members have the sensiti
Exmar refinances longstanding debt Nicolas Saverys-led company's Dutch subsidiary fully repays unsecured bond issued five years ago.
Report: US Navy interested in Subic Bay yard The US Navy appears to have thrown its hat into the ring for the shuttered Hyundai Heavy Industries and Construction Philippines (HHIC-Phil) shipyard at Subic Bay. According to a report from US military newspaper Stars and Stripes, the Navy is "exploring the viability" of the Filipino shipyard as a repair and maintenance facility, ostensibly in a bid to push back against China's growing influence
First Turkish FSRU newbuilding heads for new home Turkey's first floating storage and regasification newbuilding is en route to its new base near Izmir as the existing unit in place there casts off for a new destination. Turkish contractor partners home in on FSRU newbuild The FSRU Turquoise was seen heading west through the Indian Ocean this week after its delivery from Hyundai Heavy Industries earlier this month. The ship is due to arrive off
Maersk Line launches bid for share of digital bookings Danish operator's new portal is further sign that online freight booking is coming of age
Brokers seek to make predictions in an unpredictable market Volatility, information overflow and digitalisation are changing the face of the shipbroking business. That was the view of a panel of experts at this week's TradeWinds Shipowners Forum in Athens, who discussed the prospects and challenges of the shipbroking business. "I used to be opinionated and more than 50% [of the time] I was also correct," Oino Shipbrokers managing director Vasilis Kakouli
Tsakos Energy Navigation would consider LNG spin-off, says chief executive Tsakos Energy Navigation (TEN) has thought about spinning off its two-ship LNG business into a separate entity and has had talks on fleet mergers. Tsakos Energy seeks to widen LNG presence When questioned on the spin-off option on an LNG panel at the TradeWinds Shipowner Forum in Athens this week, TEN chief executive Nikolas Tsakos said: "I do not exclude that possibility." Tsakos further revea
Chengxi pays Klaveness $875,000 for bulker deficiencies Chengxi Shipyard, part of China State Shipbuilding Corp (CSSC), has agreed to pay $875,000 to TorvaldKlaveness in a London arbitration over deficiencies in a bulker carrier. In an exchange filing, China CSSC Holdings-the Shanghai-listed flagship unit of CSSC-said Chengxi would be compensating the Norwegian owner for issues related to the torsional vibration damper on the ship. The 71,900-dwt sel
Ghassan Ghandour tipped to double his VLCC fleet with secondhand swoop Ghassan Ghandour is being strongly linked with the purchase of a secondhand VLCC in a move that would double his interest in the sector. Two secondhand VLCCs and MR tankers attracting interest Ghandour sells fourth VLCC - at Daewoo Cosco bags order for up to eight bulkers Ghandour - who has a history as a significant player in the big tanker market - is being connected with the acquisition of a
Two more OSVs reactivated in North Sea Improved North Sea rates have spurred owners to move two more OSVs out of layup. Broker Westshore said Bourbon's 4,800-dwt platform supply vessel (PSV) Bourbon Mistral (built 2006) is back in the game after being stacked for 926 days in Bergen. Sverre Farstad back with new OSV venture There are now a total of 52 PSVs operating in the North Sea, against 32 still laid up. Utilisation is running
Croatia downplays Chinese interest in 3 Maj Croatia has said China's CSIC does not look likely to invest in domestic shipbuilder 3 Maj. The Tportal website cited economy minister Darko Horvat as saying CSIC has no serious intention of entering in a strategic partnership. Algoma hull holds the key for 3 Maj yard The yard is owned by struggling Uljanik Group, which is undergoing bankruptcy restructuring, but 3 Maj is not part of this. "At
Rosatom: Northern Sea Route needs $12bn investment State providing some of the money to develop Arctic route, nuclear agency says.
Oman Shipping Co books VLCC newbuilding trio in South Korea Tankers have been contracted with time charters already in place
Novatek ships first Yamal LNG to Japan Russian producer sends gas to Tobata under deal with Total.
Norwegian frigate set for demolition after 2018 collision with Tsakos tanker Norway has decided not to repair a frigate which collided with a Tsakos Energy Navigation (TEN) tanker last year. The Helge Ingstad sank after coming into contact with the the 113,000-dwt Sola TS (built 2013) in Norwegian coastal waters. Watch the real-time raising of Helge Ingstad The frigate was raised and stabilised, but investigations have shown that it will cost the Norwegian state betwee
Boxship demolitions on course to double as feeders head to beaches Smaller vessels are bound for breakers, but charter market is improving for bigger tonnage
Greek brokers in the limelight at Hellenic Shipbrokers Association event Greek shipbrokers took centre stage across town from Athens last week, where a flurry of discussions and parties revolved around the traditional biennial meeting of the Hellenic Shipbrokers Association (HSA). New shipbroking outfit launched in Athens About 1,000 guests gathered for the main event at the Pireas 2019 shipbrokers' dinner, which was held at the Athens Metropolitan Expo on 21 June.
Spot and time-charter rates for LNG carriers diverge Enquiry for multi-year time charters is running red-hot while daily levels are languishing
Scrubber fitting starting to sway supply in major shipping markets, says Clarksons Platou Securities A flow of vessels out of the market for scrubbers to be installed boosted rates for big tankers, large bulkers and containerships in the past month, according to Clarksons Platou Securities. Major tanker owners feast on profitable time charters from US shale player Occidental Petroleum No summer slump in S&P, says Clarksons Platou Asia's Rowe Trump administration places sanctions on Iran Vesse
Ann Fenech: Bright Star ruling will deter auction buyers Lawyer Ann Fenech still fighting for rights of bulker in face of controversial Maltese ruling.
Fresh Carriers inks rare reefer newbuilding order at Kitanihon Shipbuilding Tokyo-based reefer operator to build medium-sized vessels at Japanese yard
Major tanker owners feast on profitable time charters from Occidental Petroleum Shipowners providing tonnage to US energy company include Angelicoussis, Onassis and DHT Holdings
Banks to sell Hanjin stake to recoup Subic cash Five Philippines lenders are seeking to sell out of South Korea's Hanjin Heavy Industries & Construction to recoup losses on the group's failed Subic Bay yard. RCBC head of strategic initiatives, John Thomas Deveras, told reporters that it has a 20% stake in Hanjin after $149m of its exposure was converted into equity. ICTSI: shipbuilding is dead in Subic Bay Hanjin Heavy stock falls 10% after
Fund forms new operating company after Dolphin Drilling bankruptcy Strategic Value Partners sets up debt-free Jersey holding company to keep the fleet trading.
Shipping's stark choice: invest in cleaner ships or pay a high price Approach taken by Poseidon Principles may become embedded as the cost of ignoring IMO 2020 outweighs that of compliance
PL Shipping back in expansion mode with bulker buy Low-profile operator adds to small list of Greek handysize acquisitions so far this year
Crew safe after Indonesian cargoship sinks Seaspan boxship picks up 16 seafarers off Gresik.
New Saga cruiseship damaged hours after leaving yard Police begin investigation after incident in Germany.
Cido Shipping founder Hyuk Kwon cleared of tax evasion South Korean company pursuing its own appeal following overturning of 2013 verdict against ex-CEO
Qatar's $12bn LNG order may boost vessel prices Korean yards may see backlogs approach $60-65bn, the highest since 2015, on newbuilding surge.
Brazilian and Iraqi bribes end up costing TechnipFMC $296m But fine reflects a 25% reduction after company made "substantial cooperation" to US investigation
Hutchison Port Trust reports changing of the guard Singapore-listed container terminal operator to have new chief executive from middle of July
LA City Council veto of APM Terminals permit predicted Meanwhile, a state legislator wants the California Lands Commission to review port automation projects.
USMCA conversation intensifies on Capitol Hill A coalition of interest groups held a "day of action" on the renegotiated trade pact as lawmakers heard testimony regarding Mexico's recently passed labor reform legislation.
LA, Long Beach see Southeast Asian trade growth Larger container volumes with Asia partially have offset a decline in trade with China and Hong Kong.
Tech Connections: Matching expectations and services Drewry's Philippe Salles considers whether container shipping is ready for guaranteed services and prices.
CDP: Not enough investment in meeting IMO target Retrofitting vessels and slow steaming are two short-term options to reduce emissions while more transformative technologies are developed, according to a new study.
DSV extends offer period for Panalpina by 15 days The offer period, which originally was set to end Wednesday, will now conclude July 17, said DSV, which reserved the right to extend the period up to a maximum of 40 days.
Witnesses: Digitization would aid infrastructure A Senate subcommittee is told technology should be incorporated into surface transportation reauthorization.
NEXT adding Long Beach container yard The fast-growing trucking company hopes to double revenue after adding an 18-acre dray-off yard for its Relay drayage program.
Executive Moves: From law to logistics
Acting CBP commissioner resigns
House passes T-HUD appropriations package
Schneider introduces intermodal ramp in Indianapolis
Two forwarder executives sentenced for price-fixing
US-led effort to limit IMO 2020 compliance would not cut fuel prices: study "The US is well positioned to support the global shift to lower sulfur marine fuels, both at the refinery and crude production levels," the study said.
Saudi Aramco signs crude supply, storage, refining deals with S Korean companies Saudi Aramco signed an agreement with Hyundai Oilbank to supply Arabian crude oil to the company.
Japan's METI closely watching Strait of Hormuz, may work with others The governments of Saudi Arabia, UAE, the UK and the US issued a joint statement Monday calling on Iran to halt any further actions which threaten regional stability.
North Sea BFOE crude market could face waning demand: traders The four grades' differentials ticked up in recent trading sessions, boosted by firm buying interest in the MOC process.
ADNOC sees UAE working with allies to secure energy supplies "Now is the time for wisdom, diplomacy and the concerted efforts of the international community," Jaber said.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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