Okeanus names Phil Clements lead engineer Houston headquartered Okeanus Science & Technology, LLC (Okeanus) has hired Phil Clements as lead engineer. Okeanus is a rental, sales and services organization, with in-house equipment manufacturing and engineering capabilities for the
Pittsburgh picks Lake Assault to build advanced river rescue vessel Lake Assault Boats (a subsidiary of Fraser Shipyards, Inc, Superior, Wis.) is to construct a 30-foot EMS river rescue vessel for the City of Pittsburgh River Rescue Unit,. The craft's primary mission
Ferry major adds a tug to its fleet Spanish ferry major Baleària has taken delivery of a Damen Shipyards Stan Tug 1606 E3. It will be the first IMO Tier III compliant tug to operate in the Mediterranean and the
Maritime HR guru to speak at FERRIES 2019 Veteran maritime industry human resources professional Tom Montgomery is among the industry leaders who will be speaking at Marine Log's upcoming FERRIES 2019 conference, which this year is being held November 5
Wight Shipyard completes two cats for Mexican customer Britain's Wight Shipyard Co. has completed its second export order. Placed by Ultramar, the largest ferry operator in Mexico, it consists of two 37 meter catamaran fast ferries which will be transported
New Saudi shipyard's first VLCC will be built in South Korea Saudi Arabian tanker giant Bahri has committed to ordering a VLCC from a giant new shipyard being developed in the King Salman Complex for International Maritime Industries and Services at Ras Al-Khair.
Evac Evolution BWMS gains USCG Type Approval The Evac Evolution ballast water management system (BWMS) has received Type Approval from the U.S. Coast Guard. The system is manufactured by Evac's Cathelco subsidiary which attained USCG Alternate Management Systems (AMS)
Viewpoint: What are the maritime priorities? It was not governments, but agencies from the shipping community that met at the International Maritime Organization earlier this month...
Bahri set for first VLCC order from IMI yard South Korea's HHI will build the VLCC on behalf of IMI
War risk clauses do not apply in the Middle East Gulf, but they soon might 'As for pulling out of a charter altogether, an owner could not justify this unless the charterer can be shown...
Clarkson research chief keeps faith with trade growth Speaking at the Greek-British Shipping Forum, in Athens, Mr Gordon said the need for investment in ships will recover
Okeanis Tankers agrees scrubber financing with BNP The Ioannis Alafouzos-led firm secures $11m for scrubber installations on six vessels
Morocco's Tangier port set to become Mediterranean's largest New terminal will help the Moroccan port join the big league as additional capacity is brought online to support Maersk's...
New maritime fund on investment trail Private equity outfit Dee4 Capital Partners has set itself the target of creating a relatively small fund size, not exceeding...
Environment may be at risk after 'naive' casualty ruling 'Salvors may come under increasing pressure not to invoke Special Compensation P&I Clause payments, or to move on to commercial...
UK unveils new freight capacity planning for no-deal Brexit After the UK government wasted millions of pounds on cancelled ferry contracts earlier this year, the same plan is back...
Maersk plans to switch focus to boost revenue, chief says Maersk aims to focus more on inland logistics, with plans to buy warehouses, container terminals and customs brokerage firms
Straits Inter Logistics signs bunkering services deal with Bintulu Bintulu is a growing industrial centre in Sarawak where the Samalaju Industrial Park hosts aluminium and steel plants
Navigator names Deans to replace Butters as chief executive
Daily Briefing China's Kunlun Shipping linked to imports of sanctioned Iranian LPG | India expands tanker escort operations in Hormuz Strait |...
PSA explores 5G port connectivity with Singtel and M1 PSA addresses its connectivity needs, supporting remote tele-operations of port equipment, crane automation and enhancements to autonomous guided vehicles operations
Saudi Aramco and HHI agree co-operation deal Other deals signed, as part of the Saudi Crown Prince's visit to South Korea, include oil supply and storage agreements...
APM Terminals edges closer to LA automation project The battle in Los Angeles continues as concerns over job losses and adverse economic impacts weigh in on the local...
UAE reiterates lack of incriminating evidence in tanker blasts While distancing his country from US accusations against Iran, Sheikh Abdullah still reiterated his country's belief in the need to...
BBC chases Siemens over unpaid deadfreight German BBC Chartering has filed suit against Siemens Wind Energy, looking to recover $1.6m in deadfreight. In a complaint filed Wednesday in Manhattan federal court, BBC alleges it had a contract signed in late 2016 to carry 513 wind turbine generator blades from Nangang to Corpus Christi, Texas over 22 voyages. Shipping veteran Ulrich Ulrichs clocks on at heavy-lift giant BBC Chartering But BB
More Prelude FLNG details emerge as attention turns to second shipment Details have been emerging about the first LNG export from Shell's Prelude FLNG unit off north-west Australia. Shell's Prelude FLNG ships long-awaited first LNG cargo Those working with the project said the first cargo transfer to a waiting LNG carrier took around 36 hours. They said this was longer than expected but commented that the energy major, which had encountered mooring issues with its
Shipyards that banked on a scrubber gold rush have been disappointed Many shipowners are rethinking how to control emissions, calculating that the price of low-sulphur fuel will go down and an exhaust gas cleaning system might not be so economical
Total kicks off enquiries for LNG carrier tonnage Energy major is seeking five to six vessels to ship its growing volumes
Pyxis Tankers sees Philadelphia refinery closure bumping MRs The closure of the massive, troubled Philadelphia Energy Solutions oil refiner following last week's fire will be a good thing for tankers, says Pyxis Tankers' Eddie Valentis. "[Pyxis Tankers] affirms that the closure of the Philadelphia Energy Solutions refinery will positively impact the MR product tanker segment, especially in the Atlantic basin," the Greek executive said via the company Twitt
Diana Shipping fixes another cape to Cargill Diana Shipping has fixed one of its capesizes to Cargill International at a time when charter rates are on an upswing. The Simeon Palios-led bulker owner today entered into a time charter contract with the Swiss commodity trader for its 174,261-dwt Semirio (built 2007) at $16,000 per day. Diana Shipping offers another buyback The charter period is expected to begin 1 July and last from 15 month
CMES claims the world's first 'smart VLCC' and hires McKinsey China Merchants Energy Shipping (CMES) has claimed to take delivery of the world's first "smart VLCC", which theoretically only needs one crew member in the control room. Earlier this week, Dalian Shipbuilding Industry Corp delivered the 308,000-dwt New Journey to the Shanghai-listed company, making it the 51th VLCC in the fleet of the world's largest VLCC owner. "This is the world's fir
PIMCO steps in for Eurobank's bad loans US fund also looking to buy Greek lender's NPL servicing company.
Yard sues Icon Offshore over PSV newbuilding A Malaysian shipbuilder is suing domestic owner Icon Offshore over a newbuilding contract. Icon said its subsidiary Icon Ship Management (ISM) had received a Kuala Lumpur High Court writ and claims from Labuan Shipyard & Engineering (LSE) over a platform supply vessel (PSV) ordered in 2011. LSE wants general damages and an alleged outstanding sum of MYR 13.94m ($3.36m). These partly relate to m
Bahri places debut VLCC order at giant new IMI yard Investor Hyundai Heavy Industries will build first ship in South Korea as part of knowledge swap with Gulf facility.
Okeanis strikes loan with BNP Paribas for scrubbers on six tankers Alafouzos family backed Okeanis Eco Tankers has secured a loan from one of its existing banks to support scrubber retrofitting. Okeanis in pole position as tanker owners await payback on VLCC newbuilding orders Oslo's $1bn capital market for shipping pushing New York for global supremacy BNP Paribas is behind the new $11m facility which will fund the equipment on two aframax and four suezmax ta
Carnival is 'always going to build new ships' to deliver efficiencies Chief executive Arnold Donald shows hunger for newbuilds as cruise industry accounts for 30% of orderbook
Island Offshore secures Siemens OSV charter Norway's Island Offshore has clinched a new charter for wind farm "walk to work" services. The 4,600-dwt support ship Island Crown (built 2013) has been booked by Siemens Gamesa Renewable Energy on behalf of ScottishPower Renewables for its East Anglia One Offshore Windfarm. It will provide "comfortable living conditions" for 40 workers for up to two weeks at a time, adjacent to the site located
Oman Shipping to add 22 ships by 2023 Middle East owner wants eights more bulkers as well as boxships following VLCC order.
Greek shipowner Kondinave picks up pair of FPMC tankers Interests aligned with Kondinave, a Greek shipmanagement outfit, have bought a medium-range 2 (MR2) tanker pair from Formosa Plastics Marine Corp (FPMC), the latest in a string of oil carriers the Taiwanese company has sold this year. An executive with Piraeus-based Kondinave confirms clients of the company have agreed to buy the 51,000-dwt FPMC 21 (built 2009) and sistership FPMC 22 (built 2010)
Aulong wins ferry double Chinese shipbuilder Aulong Shipbuilding has clinched two domestic ferry orders, according to Clarksons. The broker lists a 500-gt, 238-pax ship as having been contracted by Zhuhai Ferry for delivery in January 2020. And Shenzhen Pengxing has ordered a 300-pax ferry of the same size. No prices were revealed for the deals.
Sigtto eyes three ships as candidates for 600th LNG carrier The Society of International Gas Tanker & Terminal Operators (Sigtto) has narrowed its search to three possible vessels for what it believes will be the world fleet's 600th LNG carrier. JMU's inaugural LNG carrier prepares for key gas trials Sigtto general manager Andrew Clifton, who is keen on tracking LNG industry statistics, told TradeWinds that he believes the newbuilding to take the crown w
Poland's PGNiG starts to rack up LNG shipping requirements Gas buyer likely to need vessels in place by 2022 to lift its new volumes
Bahri's oldest VLCCs head for the breakers in South Asia Saudi tanker giant continues purge of 1990s-built tankers from its fleet
New-look Premuda makes its first sale and purchase move Italian shipowner acquires product tanker and elects new board
Damage to new Saga cruiseship only "superficial" Chief executive Robin Shaw rules out talk of police investigation into incident at Port of Emden
De Beers secures $393m financing for diamond mining ship Namibian and South African lenders come together to fund pioneering vessel.
Philadelphia refinery closure set to boost MR tanker tonne-mile demand Alphatanker predicts 19 extra MR shipments in transatlantic trade if the lost gasoline production is fully replaced by imports
Minesweeper crunched in cargoship collision A Japanese naval vessel has been damaged in a collision with a cargoship off Hiroshima. NHK cited the Maritime Self-Defence Force (MSDF) as saying its minesweeper Notojima was involved in a clash with an unnamed vessel around midnight on Wednesday. No injuries were reported among the 41 crew on the warship, nor among the five seafarers on the cargo vessel. Television pictures showed significant
New Harmstorf managing director Alexander Riecke eyes fleet rebuild Co-boss of German manager wants to increase the number of ships it operates again.
Saudi Aramco and Hyundai Heavy agree close trade ties Deals signed cover shipbuilding, engines, refining, as well as crude supply, sales, and storage
Ex-Hoegh Autoliners CEO indicted in US over price fixing Thirteen executives have now been charged in connection with conspiracy.
Yang becomes first woman to helm Singapore Shipping Association Lion Republic's shipping trade body names first female president in its 34 year history.
Dray-off yard developers sue Port of Los Angeles Harbor Performance Enhancement Center says it was told the International Longshore and Warehouse Union runs the port.
Two Norwegian shipping execs indicted for price-fixing The U.S. Justice Department said Höegh Autoliners' Ingar Skiaker and Øyvind Ervik worked with other shipping companies to illegally "fix, stabilize and maintain rates."
Legislation would increase Congress' tariff authority The bill, introduced in the House Tuesday, would limit new or additional tariffs imposed by the president to 120 days unless approved by Congress.
Moody's forecasts more automated container terminals Advantages include lower operating costs, increased throughput capacity, improved service reliability and reduced emissions.
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.
Port of Baltimore seizure nets 333 pounds of cocaine The seizure came one day after nearly 20 tons of cocaine with an estimated street value of $1.3 billion were seized at the Port of Philadelphia.
AAPA calls for federal solution to 'fix' HMT A letter sent Wednesday to congressional leaders states the plan "must provide full use" of the Harbor Maintenance Tax revenues and "address tax fairness."
Commentary: Walmart should have known better It's important for all U.S. companies to invest the necessary resources into compliance oversight on the front end to prevent regulatory violations from occurring.
Chao to receive AOTOS Award
Purolator to invest C$1 billion over next five years
Gasum completes ship-to-ship LNG bunkering operation in Rotterdam Nordic gas company Gasum completed its first ship-to-ship liquefied natural gas bunkering operation in Rotterdam.
Singapore's Jul ex-wharf 380 CST bunker term price increases to plus $9-$10/mt Singapore's ex-wharf 380 CST bunker fuel term contracts for July were inked at higher premiums.
Fujairah ex-wharf differentials could remain in negative territory: sources Fujairah ex-wharf bunker differentials have declined to negative territory amid ample supply.
Oil prices remain 'very fragile' amid supply and demand concerns: Vitol "I think the [oil] price is really fighting itself between supply concerns and demand concerns," Hardy said.
INTERVIEW: Indian Oil Corp eyes Saudi, US crude to replace bulk of Iranian volumes "If supplies through that channel are disrupted it will be a very difficult scenario," Singh 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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