Shipping associations welcome SCOTUS ruling in Athos I case Law firm Montgomery McCracken reports that the Supreme Court of the United States issued a decision March 29, 2020, on a major issue of importance to ship owners and charterers - the
ABS to class new series of jack-ups ABS is to provide classification for a series of highly innovative Self-Elevating Drilling Units (SEDU) for Silver Eagle Global of Manama, Bahrain.The vessel construction will be based on the Levingston/MiNO Enhanced 430WC-4
Kongsberg rolls out remote targeted training Kongsberg Maritime has announced an integrated strategy to deliver remote, targeted training for its customers. Providing the training through digital platforms reduces travel, cost, time away from home and climate footprint. Three
Coronavirus: Costa Diadema transits Suez under remote pilotage When Costa Cruises' 3,693 passenger-capacity Costa Diadema transited the Suez Canal northbound on March 23, the Suez Canal Authority took special measures, as there were reportedly 65 cases of COVID-19 infection on
From the home front: How one shipping leader is adapting to the new normal There was plenty of scepticism among suppliers, clients and even staff initially about whether Wrist's rapid and robust response to coronavirus...
From the News Desk: Action needed to alleviate plight of seafarers There is growing concern about the welfare and safety of seafarers caught up in the coronavirus lockdown
Coronavirus: Supply chain disruption looms Logistics operators will need support from politicians and policymakers as they come under increasing pressure. There is no hard and...
Coronavirus: Cosco Shipping expects more blank sailings The company argues that carriers are now more resilient to market turndowns, having gone through the recent wave of consolidation
Crises may push down VLSFO and HSFO prices even further The VLSFO-HSFO premium will likely remain narrow and more LS VGO is expected to enter the bunker pool
Coronavirus: IMO calls for improved treatment of crews The global maritime regulator suggests that seafarers, port personnel and others be considered 'key workers' who provide essential services
LNG market boosted by low gas prices and floating storage contracts Energy majors that not long ago had been looking to sub-let vessels in the market are now a source of...
Alternative financing is still available - at a price There is no shortage of finance for shipping despite traditional lenders becoming extremely cautious. However, shipowners are advised to shop...
Euronav flags bunkers writedown as coronavirus derails hedging strategy Euronav borrowed some $100m to finance $200m purchase of 420,000 tonnes of 2020-compliant fuel oil
Coronavirus: Greece acts to prop up ferry sector Shipping ministry estimates a 40%-50% decline in traffic for 2020
Global LPG demand to take a hit as coronavirus spreads The long-term view is 'music to the ears' of owners such as Exmar, whose executive director of shipping was participating...
Coronavirus: Food supply chains under threat from lockdown measures Staff shortages and quarantine measures threaten the free movement of food supplies across the shipping supply chain
TOP Ships stock price soars after share issue end and tanker sales Greek owner expects funds from sale of two joint venture medium range 2s to reach $20m
Mixed messages for tanker sector The panicked fixing that saw rates rise 12-fold in five days was the tanker market equivalent of the toilet roll...
Yang Ming aiming to better deploy vessels The line also expects to improve its cost structure this year as it starts to deploy its newbuild 11,000 teu...
Ask the Analyst: Market shockwaves Fluctuations in bunker prices can be the make or break of a shipping company or refinery's operating profit - and...
Coronavirus: Fallout may derail decarbonisation Columbia Shipmanagement chief executive believes decarbonsiation will probably not be a priority after coronavirus. Nations around the world will be...
Coronavirus: Container shipping singled out as weakest segment A structural problem - 'such as liquidity issues' - with one of the big players in the container shipping market is...
Coronavirus: LNG price collapse spurred by India lockdown The million-dollar question now is which importing country can pick up the slack from where India has left off so...
Daily Briefing Free to read: Saudis join floating storage surge as oil surplus strains land-based capacity | More cargoship seafarers test positive...
Decarbonisation initiatives launched in Singapore Inmarsat has signed up as a founding member of Asia's first 'Decarbonising Shipping' initiative based in Singapore
Cosco energy shipping arm in upbeat mood as continued oil war lifts tanker rates higher Cosco's Shanghai- and Hong Kong-listed oil and gas shipping arm is actively exploring opportunities in new clean energy projects, including...
Rising LPG demand in India to boost spot rates India is likely to increase imports of LPG from the Middle East, which supplied about 94% of its imports in...
Shell exits from Lake Charles LNG 'Whilst we continue to believe in the long-term viability and advantages of the project, the time is not right for...
Tanker owners see oil oversupply boosting rates 'We are seeing huge demand destruction in consuming nations all around the world and at the same time, we're seeing...
Citgo held liable for costs of 2004 oil spill in US Chris Nolan, Partner at Holland & Knight New York, who authored an amicus brief on the prevailing side, told Lloyd's...
Crude tankers poised for 'once-in-a-generation' boom As most of the transport sector suffers, crude-tanker owners haul in boatloads of cash.
Airlines face $39 billion in Q2 losses, industry group warns The global pandemic is forcing airlines into a protective cocoon to survive, but many workers are feeling the effects first-hand.
Maritime industry bands together to weather supply chain storm Leader of container and chassis provider organizations heartened to see cooperation during the coronavirus crisis "to minimize the impact for the greater good."
CMA CGM Marco Polo crew member tested for COVID-19 Sick seafarer has been isolated on board the container ship off the coast of Spain.
UPS pilots ratify two-year contract extension "This contract extension provides stability for both UPS and our pilots as we jointly face unprecedented times in our industry," said IPA Union President and...
Airlines, governments and 3PLs get creative with emergency airlifts The demand for coronavirus medical supplies is so great that passenger aircraft are being repurposed for cargo service, logistics companies are chartering those airplanes and...
FMC tracks COVID-19-induced supply chain bottlenecks Commissioner Rebecca Dye will lead the U.S. Federal Maritime Commission effort with industry to identify "operational solutions to cargo delivery challenges" caused by the coronavirus...
Big logistics companies invoke 'act of God' clause in contracts CEVA and DHL free themselves from contractual constraints to realign operations and facilitate pricing flexibility during pandemic.
High freight rates limiting export potential for 0.5%S marine fuel in US The US market is looking to export 0.5%S marine fuel due to a supply overhang, though sources said an arbitrage that was once open has become more difficult due to rising freight rates.
US may test its crude storage limits in the weeks ahead The United States could face a dire crude oil storage crunch in the coming weeks and months, with more than half of the nation's commercial crude capacity currently filled and volumes rapidly rising.
Maersk offers supply slowdown as COVID-19 dampens freight demand Danish container line Maersk is offering customers the opportunity to slow down their supply chains as demand for goods drops off due to coronavirus lockdowns and as warehouses fill up.
USGC high sulfur spot bunkers drop to new four-year low on falling ICE Brent IFO 380 bunker fuel prices edged lower Tuesday, dropping to new four-year lows as ICE Brent futures slipped once again.
OIL FUTURES: WTI climbs on producer cuts, but demand concerns stalk rest of oil complex WTI futures rallied off 18-year lows Tuesday as more producers announced production cuts, but the rest of the oil complex fell as the coronavirus pandemic continued to weaken demand outlooks.
External: Global Risk Management
Ship suppliers should be classed as essential workers: ISSA That followed complaints from ship supply companies that they were being prevented from delivering to ships in some ports.
Nigeria orders companies to reduce staff on offshore facilities on coronavirus "Only staff on essential duties should be nominated and permitted to travel to offshore/remote locations."
Port of Marseille continues work amid lockdown across much of France Port services, the harbor master's office and port operations continue to work, a spokesman said.
Malaysia's Petronas books 2 Suezmaxes likely to store oil on weak demand: sources "If they cannot sell, they will have to float the grades," a trader said.
Seven companies sign MOU on developing green hydrogen in Singapore NRF Singapore will also work with MPA to tackle the maritime decarbonization in this area.
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