CDC releases framework for phased resumption of cruising Cruise line stocks soared today as the Centers for Disease Control and Prevention (CDC) released a framework for a phased resumption of cruise ship passenger operations. The full framework runs to 40
Detyens wins $10.8 million MSC contract Detyens Shipyard Inc., Charleston, S.C., has been awarded a $10,884,056 firm-fixed-price contract for a 75-calendar day shipyard availability. The work to be performed provides for services for the post shakedown availability and
Maryland, North Carolina and Virginia partner on offshore wind development The governors of Maryland, North Carolina, and Virginia have announced a three-state collaboration to advance offshore wind projects in the region. Called SMART-POWER (Southeast and Mid-Atlantic Regional Transformative Partnership for Offshore Wind
DNV GL opens second Op Center to support growing demand for remote surveys Two years after its fleet wide roll-out of remote surveys, classification society, DNV GL- Maritime has opened a new state-of-the-art Operational Center in Hamburg, Germany, to support the delivery of remote services
LNG yields years of additional competitive advantage for Poseidon Principle loans New analysis from the SEA-LNG coalition demonstrates how ships that are fueled by LNG, rather than conventional fuels, can benefit for up to eight years of emissions compliance for preferable asset financing
Vigor gets $17.86 million Navy contract mod Vigor Marine LLC, Portland, Oregon, has been awarded a $17,861,520 modification to a previously awarded contract to support the extended drydocking selected restricted availability of the Ticonderoga class guided missile cruiser USS
Risks, but also rewards, await those who act early on decarbonisation Decarbonisation is increasing the risk of stranded assets across most sectors of shipping. Holding out for the next big fuel...
Fate of Nave Andromeda stowaways rests on law with origins in Achille Lauro tragedy The Nave Andromeda's master did the right thing to send out a mayday call to deal with threats from the...
Bulkseas confirms Japanese kamsarmax purchase Dry bulk carrier owner Bulkseas Marine Management has emerged as the buyer of an 11-year-old Japanese-owned kamsarmax
Former IMO head William O'Neil dies, aged 93 Hailing from Canada, William O'Neil served as secretary-general of the International Maritime Organization from 1990 to 2003, overseeing some of...
Rates rout for product tankers lengthens as pandemic hits transatlantic trades The coronavirus backdrop is changing the established patterns of winter trading flows for refined products. Lockdown restrictions across Europe are...
Britannia rate hike will be 'in same ball park' as other clubs Britannia chief executive Andrew Cutler has revealed that owners of entered tonnage should brace themselves for rises of a similar...
The week in charts: Security incident in UK waters; LNG carrier rates Lloyd's List Intelligence data shows the route taken by the product tanker Nave Andromeda before it was involved in an...
Columbia's O'Neil calls for technology that respects uniqueness Responding to a suggestion that 'digitalisation is the way ahead for shipping', Columbia Shipmanagement president Mark O'Neil has argued that...
Søren Toft prepares for one of the biggest jobs in shipping with move to MSC The Aponte family has taken the unusual step of recruiting an outsider to a pivotal role within the MSC group...
Stowaways still held as Nave Andromeda sails away The product tanker Nave Andromeda has now left the UK. Lloyd's List Intelligence tracking data show it heading for Antwerp
Container sector follows as manufacturing shifts south The coronavirus backdrop and trade tensions have helped fast-track the manufacturing shift to Southeast Asia away from its traditional home...
Brexit: the final countdown for UK freight sector With just over two months to go until the end of the transition period, the UK freight sector is preparing...
Cosco confirms more super-sized boxship orders Nantong Cosco KHI Ship Engineering Co will build three of the ships for $157.7m apiece, while Dalian Cosco KHI Ship...
The Lloyd's List Podcast: Behind the data - painting a picture of box trade flows On our podcast this week, senior reporter and editor of the Lloyd's List magazine Linton Nightingale is joined by the...
Maritime Markets Outlook: Tanker view; idle dry bulk carriers; scrubber gamble In this edition of the monthly maritime markets outlook: The link between floating storage and the tanker outlook for late...
European container freight rates push ahead Increased capacity and port congestion on the US west coast have put a hold on transpacific rises this week, but...
Braemar sees silver lining for grain trade Braemar analyst Nick Ristic sees the grain trade growing by almost 4% this year versus the previous season. He believes that...
Daily Briefing Free to read: Pandemic second wave threatens LNG carrier rates | Container line credit ratings boost | Pirates change 'business...
Second-quarter profit boosts ONE's full-year forecast ONE forecasts lower profits in the second half of the year amid uncertainties about the coronavirus backdrop and in anticipation...
Newbuild demand may boost scrubber fittings The case for future scrubber investments is likely to be based on narrower fuel price spreads, which is far off...
US increases sanctions on Iran's petrochemical sector Ofac noted that Iranian petrochemical sales remain a key revenue source for the regime, which benefits from a global network of entities...
China tells ships to raise vigilance in Gulf of Guinea Move comes amid rising attacks in West Africa's Gulf of Guinea, where pirates are said by experts to have become...
The decarbonised future hangs in the balance between Trump and Biden Fees on carbon-intensive goods sounds suspiciously like tariffs. The maritime industry will clearly wonder what manner of goods these might...
Hafnia eyes coal waste to help cut greenhouse gas emissions Hafnia will work with Arq to optimise bunker blends that meet environmental standards and maximise cost efficiencies. The company aims to...
Georgia Ports Authority proposes inland port box expansion GPA looks to receive board OK next month for initiative.
ONE makes giant leap in quarterly profit Ocean Network Express is cautious in its full-year forecast as "future cargo demand is very uncertain" while the COVID-19 pandemic wages on.
Alibaba launches South Korea logistics service Alibaba is challenging Amazon on many fronts, including logistics. It's now handling import/export operations in South Korea.
FreightWaves Flashback: Hapag-Lloyd fleets merge 1970: After 123 years of Hapag history and 113 years of Lloyd history the first page of Hapag-LIoyd AG history will be written in 1970....
Envase adds Tailwind to expand TMS profile Envase Technologies platform will expand its presence in Canada with the acquisition of TMS provider Tailwind Transportation Software.
OIL FUTURES: Crude hits five-month lows as European lockdowns loom Oil futures were settled near five-month lows Oct. 30 as rising COVID-19 cases continued to weigh on demand outlooks.
Asian straight-run fuel oil demand set to drop on strong HSFO crack spread The strong crack spread for Singapore 180 CST high sulfur fuel oil will put a dent in the demand for straight-run fuel oil from Asian refiners, market sources said in the week of Oct. 25.
VLSFO bunker prices strengthen relative to crude: Navig8 Prices for very low sulfur fuel oil have experienced relative strength compared to the wider crude market, based on the jet and gasoil markets, but remain relatively rangebound, shipping company Navig8 said in a research note published Oct. 30.
SINGAPORE DATA: Residue stocks dip 4.5% to 23.2 mil barrels on export surge Singapore's commercial onshore residue stocks fell 4.5% week on week to 23.216 million barrels in the week ended Oct. 28 amid a surge in exports, Enterprise Singapore data showed.
Transport fuels under pressure in European amid new lockdowns **Economic mobility indicators at two-month lows **Flat prices fall, but fuel oil cracks firm
Poland's Lotos refinery sees Q3 throughput fall 6% on pandemic **Heavy fuel product sales volumes fall 43% on-year **Overall retail sales volumes edge down 0.1%
Unipec charters newbuild VLCC to take Asian ULSD to Europe **Move seen as strategic given poor arb economics **Trader's previously fixed newbuild VLCC for gasoil in March **Asian market plagued by limp demand, ample supply
SPAIN DATA: Sep bunker fuel volume up 1% on month, down 22% on year ** Algeciras demand drives increase **Las Palmas, Barcelona see decreases
HSFO Baltic Sea Oct exports to ARA region rise 45% on month: Kpler **HSFO Baltic to US exports fall **Tightness at ARA lingers
ARA fuel oil stocks decline 7.2% on week at 1.372 mil mt: Insights Global **Tight availability supports cracks **Loading delays affecting VLSFO ease
Tanker freight markets eye outcome of US elections **New US sanctions draw attention to elections **Outcome of elections to affect current sanctions **Democrats focus on transition to renewables
Libyan oil onrush could maim Atlantic Basin sweet crudes "Demand has been okay but you got to imagine it is teetering on the precipice because of the flood of Libyan crude coming in," a trader said.
Singapore LSFO inter-month structure sees volatility amid low production, lacklustre demand Most Asian refiners continue to maintain lower LSFO production rates, continuing a production plan which began towards the end of Q2.
BP to shut Australian Kwinana refinery, convert it into fuel import terminal Converting the refinery into an import terminal will help ensure ongoing security of fuel supply for Western Australia, the company said.
All locks and dams reopen on Illinois River following planned maintenance "Today was the day we'd hoped to reopen everything, and we got it all done," Marshall said.
BW Group's Hafnia partners with Arq to develop waste-derived bunker fuels Under the partnership agreement, Hafnia will conduct trials using Arq Fuel on some of its vessels, it said.
LNG tankers without reservations seeing longer waiting times at Panama Canal Market participants have reported wait times recently of six to eight days for northbound transits and four to six days for southbound transits.
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