NTSB issues preliminary report on deadly Corpus Christi dredge fire The National Transportation Safety Board has issued a preliminary report on the August 21 incident in which the 152-foot-long cutter-head suction dredge Waymon L. Boyd caught fire and four crew members died.
ICS updates COVID-19 guidance for shipping The International Chamber of Shipping (ICS) says that a great deal has changed since March when first issued guidance for the global shipping industry to help combat the spread of COVID-19. With
Coast Guard R&D Center to test and evaluate Sharktech autonomous vessel Boston-based Sea Machines Robotics has partnered with Jeanerette, La., headquartered shipbuilder Metal Shark Boats to supply the U.S. Coast Guard Research and Development Center (RDC) with a new Sharktech 29 Defiant vessel
Hamworthy Pumps makes strong tanker market reentry Singapore-based Hamworthy Pumps, now part of the Svanehøj Group along with sister brands Svanehøj, Eureka and Dolphin, is making a strong return to the tanker pump room sector in alliance with Denmark's
Wärtsilä names Håkan Agnevall as next President and CEO Wärtsilä's Board of Directors has appointed Håkan Agnevall, currently President of Volvo Bus Corporation, as the new President and CEO for Wärtsilä Corporation Agnevall will take up his new role no later
Shell sees hydrogen and fuel cells in shipping's net-zero future While DNV GL's most recent Maritime Forecast to 2050 sees a relatively limited uptake of hydrogen as a ship fuel, a report from Shell released yesterday sees things somewhat differently. The report,
Shipping nations rally behind short-term IMO emissions plan Leading maritime nations have joined forces to promote a short-term greenhouse gas cutting measure that encompasses all of their previous...
Port dispute leaves 38 vessels stranded off Australia The MUA has offered to end all industrial actions with Patrick in exchange for 2.5% pay rises and extending existing...
Piraeus ramps up ship repair business Greek port also has its eye on reviving shipbuilding activity in the region
Wärtsilä names Volvo's Agnevall as chief executive Experienced manager has worked for multiple top engineering outfits including Bombardier and ABB
TEN moves to redeem $50m of preferred shares The Series C preferred shares will be redeemed at a par price of $25 per share
Shipping welcomes aviation's crew repatriation guidance Passenger and repatriation flights are essential to allow stranded seafarers to go home and for their relief crews to be...
Weekly briefing: Cyber attack on shipping; bearish tanker outlook CMA CGM has had an eventful past week with a new 23,000 teu vessel going into service, investment in a...
Freight rates hold firm ahead of Golden Week Shippers rush to beat the clock and guarantee cargo consignments are fulfilled ahead of the Chinese holiday period, ensuring spot...
Clipper Group appoints new chief executive Norborg will be pursuing other opportunities outside Clipper Group, a dry bulk and ro-ro company owned by Denmark's Jensen family
HHLA's Italian job could be a shrewd manoeuvre The German port operator's move to take a majority share in Trieste's multi-purpose terminal facility fits its ambition to grow...
Storms and human error drive container losses 'The excessive forces that are applied to the structure of a vessel in extreme conditions can lay bare errors that...
CMA CGM reopens for bookings after cyber attack Carrier warns of a data theft in shared services centres but shippers can now use manual processes and INTTRA to...
Daily Briefing Free to read: Crewing crisis: Just how many seafarers are affected? | 'Poor underwriting' pushes P&I clubs to loss |...
Shipping needs time to phase in carbon indicators, says ICS The punitive proposal from the EU states may put the health of a currently functional shipping industry at stake, the...
Bronson Hsieh to step down as Yang Ming chairman Cheng Cheng-Mount, a senior Taiwan government official and a former Citi economist, has been named to succeed Bronson Hsieh as...
Shell bets on hydrogen's zero-emissions promise The supermajor with large vested LNG interests, maintains that the super-chilled fuel still has a role to play in the...
Seafarer charged in US after fatal stabbing on vessel The suspect has been charged with a felony offence on board a ship, which carries a sentence of up to...
China's climate pledge provides more worries and few answers Key demand driver in tanker trade will need to reduce oil consumption soon to meet emission targets
Eastern Pacific's seafarers learn IT skills and turn socially active during crew crisis Singapore-based shipping company enhances crew welfare and skillsets via strong internet connectivity, according to chief innovation officer
Scorpio Bulkers circulating half-dozen vessels to further wind push More sales expected to be announced after kamsarmax disposal earlier in week
Capesize rates jump up again but holidays in Asia could stop the party Activity on the Brazil to China route for iron ore is up 18% compared to last week, according to Fearnleys research
Rene Kofod-Olsen poised to take the helm of V.Group Shipmanagement giant has appointed its third chief executive in under two years
Hungarian investor dives into ADS Crude Carriers holding HOLD Asset Management has become one of the tanker owner's largest shareholders
Fuel cell pioneer Teco 2030 sells out $43m IPO in Oslo Cash from share sale will go towards developing hydrogen power for shipping
CDC reportedly extends no-sail order through October Delay comes three weeks after cruise sector pleaded for lifting of US sailing ban
Seaspan buys two more boxships, bringing spree to $1.1bn in a year Container shipping's largest tonnage provider just keeps getting bigger
Volvo exec in Wartsila driving seat as Jaakko Eskola retires Experienced manager tasked with taking Finnish technology company forward into new shipping age
NYK Line sells 2011-built VLCC to Dynacom as secondhand market weakens The Japanese-built Tokitsu Maru fetches $45m and some expect further downside
Danaos-owned ship leaking fuel oil into New York Harbor A small crack in the ship's hull breached a tank with a capacity of more than 400,000 gallons
Ardmore Shipping expects product tanker rate recovery in volatile oil markets Management tells Jefferies analysts that earnings should rise despite Covid-19 demand hit
Seadrill wins another month to seal $7.4bn restructuring John Fredriksen-backed company extends forbearance period until the end of October
'Continuity' assured as Peter Norborg leaves Clipper Group CEO pursuing other opportunities after overseeing major structural changes at Danish bulker owner
NYK Line sells 2011-built VLCC as secondhand market weakens The Japanese-built Tokitsu Maru fetches $45m and some expect further downside
In lawsuits over Covid-19 on Grand Princess, pressing ahead becomes a matter of time The lawsuits against Princess Cruises from passengers that tested positive and developed symptoms are ongoing
Indonesia's BULL acquires two LR2 tankers from embattled Xihe Group The sale of the LR2s is part of Xihe Group's fleet restructuring and downsizing
Japan's big three shipowners set to benefit from liner sector rally Improved performance at Ocean Network Express likely to result in higher valuations at MOL, NYK and K Line
Shell backs hydrogen and fuel cells to cut shipping's carbon footprint Energy major lays out its emissions reduction strategy, raising questions over ammonia and parking methanol, batteries and nuclear
Is the media guilty of exaggerating West African piracy threat? Security analyst Dirk Siebels argues risk remains in the region, but overall attack levels are not increasing
Andromeda exercises MR tanker option at Hyundai Mipo Monte Carlo-based tanker owner exercises option after taking delivery of two LR2s from Daehan Shipbuilding
Safe Bulkers denies link to kamsarmax bulker purchase
Indonesia's BULL acquires two LR2 tankers from Xihe Group The sale of the LR2s is part of Xihe Group's fleet restructuring and downsizing
New twist in Lakhani litigation as Yieldstreet claims sons will have to turn on father over $77m loans Five investment vehicles controlled by alternative financier Yieldstreet are seeking a $76.7m summary judgment
Okeanis tipped for more after VLCC charter 'derisks' 2021, analysts say Greek owner expected to seek similar term deals for suezmaxes as Dan Gold's QVT increases stake again
Can Biden claim the White House with green shipping revolution? US voters have choice of Trump's fossil-fuel stance or challenger's eco promises at election
Giant US investment fund Fidelity doubles its stake in Euronav Boston company now appears to be largest investor, if Euronav's own treasury shares are excluded
MOL sets up offshore technical division and appoints executive to lead Mauritius recovery Japanese firm wants to boost technical competence in growing offshore business and to progress island's pollution recovery
Pandemic puzzler: the TradeWinds quiz What can you remember from the last six months of Covid-19 lockdowns and disruption?
John Fredriksen and SEB add to stakes in Avance Gas Top two investors acquire more of VLGC owner in share purchases over the last week
Safe Bulkers expands fleet with kamsarmax purchase
Samsung Heavy scores suezmax tanker order from Greece's Pantheon Pantheon Tankers books two more vessels at the Koje shipyard after it slashes shipbuilding prices in a bid to fill up its early 2022 berths
Keppel eyes merger or disposal of offshore arm as part of revamp Singapore conglomerate also looking to sell-off 'non-core' assets such as drilling rigs as part of asset light strategy
Indonesia's BULL acquires two LR2 tankers from Xihe The sale of the LR2s is part of Xihe Group's fleet restructuring and downsizing
Japan's big three owners set to benefit from liner sector rally Improved performance at Ocean Network Express likely to result in higher valuations at MOL, NYK and K Line
Trump says military assets poised for COVID vaccine distribution President Donald Trump is trying to fast-track a COVID-19 vaccine and appears ready to mobilize military assets. A possible scenario involves an airlift with Air...
Geodis expands US workforce to meet peak season The 3PL will add up to 8,000 employees to handle the seasonal increase in e-commerce shipments on top of its ongoing effort to raise its...
Airline cargo divisions finally gain a little R-E-S-P-E-C-T Cargo is no longer the stepchild at passenger airlines. Strong cargo sales have helped keep airlines afloat as revenues plunge during the coronavirus. Will we...
DHL advances decarbonization plans for less-than-container load ocean freight shipments Company plans to replace heavy fuel oil with marine biofuels.
External: Global Risk Management
Congestion at South Korea's Busan port may cause delays until mid-Oct: Hapag Lloyd "To recover yard capacity and productivity some terminals only allow to gate-in laden containers which will be loaded onto vessels departing within the next 10 days," the company said.
TANKERS: MR owners see glimmer of winter strength on freight jump Another factor that boosted bullish sentiment were the increasing wait times for transit slots at the Panama Canal.
Singapore's LSMGO bunker inquiries spike on narrower gasoil-LSFO spread The spread has since contracted to a five-month low of 84 cents/mt on Sept. 28, but on Sept. 29, it widened to $2.94/mt, Platts data showed.
REFINERY NEWS: India's BPCL runs Kochi refinery to over 80% in Sep The temporary strike at Kochi that occurred in early September had not affected refinery operations, a source said.
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