Voith delivers first U.S.-made VSP units Voith and the North Carolina Department of Transportation have teamed up to deliver the first two American-made Voith Schneider Propeller (VSP) units for a new, 38-vehicle river-class ferry, the Rodanthe, currently under
GTT to design tanks for Sembcorp Marine LNG bunkering vessel Paris headquartered LNG containment specialist GTT has received an order from Singapore's Sembcorp Marine shipyard concerning the tank design of the LNG bunkering vessel on order at the yard for Mitsui OSK
Tallink orders LNG fueled 2,800 passenger ferry at Finland's RMC Estonia's Tallink Group has entered into a contract with Finnish shipbuilder Rauma Marine Constructions (RMC) covering the construction of a new LNG-fueled fast ferry for the Tallinn - Helsinki route shuttle operation.
Bergink takes the helm at Framo Martijn Bergink has been appointed CEO of pump manufacturer Framo. He succeeds former CEO Sameer Kalra, who is moving to parent company Alfa Laval as the new head of the Alfa Laval
Conrad delivers third ATB unit to Vane Brothers Morgan City, La., based Conrad Shipyard has delivered the third in a series of identical Articulated Tug Barge units, designed by Greg Castleman of Castleman Maritime, to the Vane Brothers Company, Baltimore,
Maltese forces take control of tanker after migrants overpower rescuers A vessel "overpowered" by a group of migrants was stormed by Maltese rescue forces early on Thursday, the Times of Malta reports the Armed Forces of Malta saying. The vessel, the tanker
SuitX launches third-gen shoulder exoskeleton California-based SuitX has launched its third-generation wearable shoulder-supporting exoskeleton (shoulderX V3) for use by shipbuilding and other workers. The third-generation industrial exoskeleton augments its wearer by reducing forces at the shoulder complex,
Viking Sky passenger claim unlikely to hit International Group pool threshold Cruiseships are safe vessels and do not have many accidents, HFW lawyers insist. But when things do go wrong, they...
Trafigura builds suezmax stealth fleet for clean trading Some of the vessels have established an effective floating hub-and-spoke distribution network off the West African port of Lome
Shipowners worried for crew after vessel hijacking by migrants ICS fears crews could find themselves in conflict with the people they rescue
Valero facing claims of bad bunker fuel sales Indelpro alleges Valero internally refused to buy its own product but did not notify customers of known defects
Two years on from Stellar Daisy sinking and we are none the wiser There are still 45 very large ore carriers converted from very large crude carriers trading, according to Lloyd's List Intelligence
GasLog seals 12-year charter for last uncommitted newbuild Jera's agreement for 180,000 cu m vessel said to be among first long-term charters by the company with non-Japanese owners
Kirby Corp secures $500m loan Borrowings can be used for general corporate purposes, including acquisitions
Global Ports gains on Russian recovery Russia's containerised trade continues to improve yet is still short of 2013's teu highs
Key question facing 'small but strong' PIL Singamas chairman Teo Siong Seng reiterates that he's not selling his family-owned liner shipping business. But he had earlier said...
Cosco Shipping Ports continues to grow Managing director Zhang Wei says the port-fleet business mode will help CSP mitigate rising uncertainties on trade demand
Containerships loses chief executive after CMA CGM takeover Former MacAndrews head to take control of CMA CGM-owned intra-European specialist
Clarksons buys US broker Safe Harbour Tanker Chartering will be folded into Clarksons Platou Specialised Products
Euronav names Hugo De Stoop as chief executive Euronav is now looking for a new chief financial officer
Viewpoint: Learning lessons on ferry safety It's time that more was done to deal with ferry disasters in the poorer parts of the globe, where woeful...
Cosco Shipping Energy Transportation profit dives Increased production from countries such as Saudi Arabia and Russia led to robust demand for crude while freight rates also...
Congressman pushing for energy exports to be carried on US ships Bill calls for a minimum 1% of US crude and 2% of LNG exports to be carried on local vessels...
Bahri accuses Valero of selling bad fuel Saudi Arabia's state-owned shipping company is taking Valero to court, alleging the Houston oil company sold one of its ro-ros bad fuel. The National Shipping Company of Saudi Arabia, better known as Bahri, filed the $1.13m suit in Houston federal court Monday. Bahri 'agrees compensation' for tanker clash It alleges Valero filled the 26,000-dwt Bahri Yanbu (built 2014) with 750 tonnes of "unsui
GasLog secures 12-year newbuild charter with JERA GasLog is one of the first non-Japanese gas carrier owners to work with JERA, according to chief executive Paul Wogan.
GASColor Group books record results in 2018 Olav Nils Sunde owned ferry firm Color Group has recorded its best ever results. The company logged a pre-tax profit of NOK 525m ($103m) in 2018, up from NOK 440m in 2017. Nordea beefs up risk compliance with management changes Revenues increased from NOK 4.97bn to NOK 5.14bn. It owns and operates six trading ships and will this year take delivery of the hybrid ferry, Color Hybrid, from Ultst
Singapore bunker supplier buys VLCC used for floating storage Equatorial Marine emerges as buyer of vintage CS Pioneer as IMO fuel sulphur cap looms
Guangzhou Salvage wins deal to raise Thorco Cloud Latest appointment follows trend that sees Chinese firms dominating the removal market
Cosco ignores faltering trade as it mulls more mega-max orders Chinese liner operator scouts shipyards for 21,000-teu newbuildings that will keep the wave of giant boxships coming
Professors question northern Norway cruise traffic The Viking Sky outage has raised questions about the cruise traffic in the northern part of the Norwegian coast. In a letter to Oslo daily Dagens Naeringsliv, Norwegian University of Science and Technology professors Ingrid Bouwer Utne and Jan Erik Vinnem argued that certain sailings should be banned. Billionaire Torstein Hagen leads with his heart as he offers support to victims UK and US to j
Russia promotes Northern Sea Route interests for LNG exports Cabotage decree and approval of huge Kamchatka storage project signal intent
Sunset for Sunrise as 42-year-old LNG carrier scrapped An LNG carrier that has been sitting in lay-up in Indonesia for 10 years has been sold for scrap. Brokers said the 129,300-cbm Sunrise (ex-Transgas and Edouard LD, built 1977) was sold "as is" at Batam for 26,634 per ldt, equating to around $10.2m. Conversion a possibility for vintage laid-up LNG carrier Local sources familiar with the vessel said it had fallen into disrepair and was seen listi
Kirby reups credit facility, could go company shopping Kirby Corporation has refilled its coffers and could be looking at further acquisitions. The Houston Jones Act shipowner announced Thursday that it extended its $850m revolving credit facility to March 2024 and secured a five-year, $500m loan. BTIG starts covering Kirby The company said the borrowings would be used for general purposes, "including acquisitions." Kirby has been active in buying
China Investment still strong in ex-Wilbur Ross vehicle While Washington slugs it out with Beijing, Chinese sovereign wealth fund continues to invest in US tankers
Row emerging over European liner consortia review Two reports intended to guide the European Commission on liner consortia simply confuse the issue
Viking Sky incident raises concerns over Solas failings Two-year-old cruiseship's breakdown could spark a rethink on IMO regulations after the vessel limped back to port on just one engine
Diana Shipping tender offer undersubscribed Symeon Palios-led bulker owner takes back majority of shares offered in buyback.
Surveyors investigate collision of LNG carrier and VLCC Investigations are continuing into the likely cause of a collision between an LNG carrier and a VLCC off Fujairah on Sunday night. Dramatic photos show a gaping hole that stretches the full height of the hull in the portside bow of Navios Maritime Acquisition Corp's 281,395-dwt tanker Shinyo Ocean (built 2001). The gash resulted from the collision with the 155,000-cbm LNG carrier Aseem (built 200
International Group agrees to share data to boost safety The International Group of Protection & Indemnity Clubs has agreed in principle to start sharing loss data in a bid to boost safety in the maritime industry. International Group rings the changes and looks to modernise and renew International Group chairman Paul Jennings revealed at a London Maritime Insurance Conference that P&I club managers had given him a remit to explore how data can be col
BP emerges in the market for time-chartered LNG tonnage Energy major being 'active and aggressive' as it looks to take vessels for up to seven years
Latvian Shipping and Torm lead Venezuela product tanker trade Risk premiums are attached to Venezuelan trade even though US sanctions do not target the shipping sector directly
Laaksonen quits at Containerships after CMA CGM takeover Containerships CEO Kari-Pekka Laaksonen has resigned nine months after the Finnish line was bought by French giant CMA CGM. Laaksonen is staying on until a successor is found and the board will meet on Friday to examine the matter. CMA CGM is proposing that Claude Lebel takes over. He is the CEO of another CMA CGM company, short sea line MacAndrews, which is being merged into Containerships fol
Hugo de Stoop lands top job at Euronav Euronav has named CFO Hugo de Stoop as Paddy Rodgers' replacement as CEO. It said the decision had been taken following a professional search and assessment process. "It is anticipated that his new role will commence following a brief handover period which is expected to take place in the course of the second quarter of this year," it added. Outspoken Rodgers to quit Euronav, work for safety T
Couple compensated after Lloyd Fonds fund fails A German couple have won compensation in court after a Lloyd Fonds ship fund went bust in 2014. The Hamburger Abendblatt said the asset manager launched 70 such funds in 2008. The Hamburg district court has now awarded damages totalling EUR 120,000 ($135,000). The couple had each invested EUR 59,000 in the bulker fund Thira Sea, which later went bankrupt. The court said the award was for "brea
Migrants hijack bunker tanker off Italy Migrants have hijacked a bunker tanker that rescued them off Italy. A total of 108 people were picked up by the 846-dwt Elhiblu 1 (built 2015), after trying to reach Europe from Libya. Rubber bullets used to force migrants off car carrier But they seized control of the vessel when it became clear they were being taken back to Libya, Italian and Maltese authorities said. Corriere della Sera and
Vitol warns that Europe faces short term LNG supply glut Trader says situation is "unprecedented" as number of monthly cargoes heads towards 170.
GP Global to supply 0.5% LSFO from April 2019 UAE-based firm will initially focus on major bunker ports before expanding to smaller markets.
Last of damaged Yantian Express containers finally removed Boxship set to depart Freeport once repairs to damaged area of ship have been completed.
Fred Olsen Ocean buys 50% stake in United Wind Logistics Company says investment further strengthen presence in logistics and installation value chain.
KMTC orders feeder boxship newbuilds at HMD South Korean liner operator Korea Marine Transport Co (KMTC) ended a seven-year absence from the shipbuilding market by booking three feeder containerships at Hyundai Mipo Dockyard (HMD). Industry sources said KMTC is the unnamed Asian company that Ulsan-based HMD referred to in a recently announced order. Hyundai Mipo lands Asian boxship order A source familiar with KMTC confirmed it had inked
Nisshin Shipping expands into LNG sector with lone newbuild Privately owned Japanese tonnage provider books single gas carrier at Samsung Heavy Industries
KSS Line joins forces with HHI to develop new VLGCs Innovative designs aim to cut charterers' costs by allowing extra cargo capacity to transit old Panama Canal locks
Moderate growth for 2019 container volumes forecast The surge in imports as shippers "pulled forward" cargo in December is reverberating into this year and has set a high bar that will be hard to match in late 2019.
Klobuchar unveils $1 trillion road, rail and port plan The plan, which includes more than $650 billion in federal funding, would be the Democratic presidential hopeful's "top budget priority" should she be elected in 2020.
Chao: Surface bill possible vehicle for infrastructure Sen. Susan Collins criticizes the president's Transportation Department budget for offering "no path forward after the FAST Act expires."
Grassley to introduce bill soon to check 232 powers The Senate Finance Committee said in "coming weeks" the panel's chairman will introduce a bill allowing Congress to stop Section 232 duties after they are imposed.
Valmet to supply scrubbers for seven 23,000-TEU HMM ships
PhilaPort receives second set of super post-Panamax cranes
Executive Moves: Crowley, DSC Logistics
Executive Moves: Dunkerque and Duluth board elections
Crude settles in the red despite afternoon rally as market weighs supply fundamentals An afternoon rally failed to push crude prices into positive territory Thursday, and futures settled slightly under their open as the market weighed a bearish US crude
Trump urges OPEC to boost oil supply, says prices are 'getting too high' US President Donald Trump again urged OPEC to increase oil supply, saying prices were "getting too high," after WTI crude futures have hovered near $60/b
Boost to global LSSR storage demand ahead of IMO 2020 Storage demand for low sulfur straight-run fuel oil will increase globally in the run up to the International Maritime Organization's sulfur cap
Fuel oil volume from Rotterdam to Singapore high despite uneconomical arb Fuel oil volumes from Rotterdam to Singapore have risen above the 2018 average again this month despite sour arbitrage economics to the east
Genoil fuel desulfurization tech gets boost from Lloyd's Register verification Shipping classification society Lloyd's Register has officially witnessed clean technology engineering company Genoil's process to reduce sulfur in marine
Bunker major GP Global to supply 0.5% LSFO from April ahead of IMO 2020 UAE-based bunker fuel supplier GP Global late Wednesday said it will be ready to start 0.5% low sulfur fuel oil supply from April
TANKERS: Houston Ship Channel delays leave USGC-loading Aframax freight unfazed "I have heard of a decent amount of people toying with the idea of replacing vessels," one shipbroker said.
External: Global Risk Management
LSFO supply concerns ease as shipowners plan for IMO 2020 "Our advice is plan in time and plan into detail," Rauta said.
TRADER NOTE: GP Global hires four new Singapore bunker traders The traders are Steve Goh, Jason Kong, Rohan Bhatia and Aaron Hon.
INTERVIEW: UAE's GP Global eyes growth in new regions while readying for IMO 2020 "We are looking at the American markets as well because that's the missing piece and it looks interesting," Goel said.
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