Burger Boat launches its third vessel for Chicago tour boat operator The Burger Boat Company shipyard in Manitowoc, Wis., has launched a new passenger vessel for Chicago's First Lady Cruises. The vessel, the Emerald Lady, is the third that Burger has built for
Kirby earnings and revenue take a hit Houston headquartered Kirby Corporation (NYSE: KEX) reported net earnings for the quarter ended June 30, 2020 of $25.0 million, compared with $47.3 million for the 2019 second quarter. Consolidated revenues for the
Sale of FSG to investment group takes a step forward A rescuer looks to have been found for troubled German shipbuilder Flensburger Schiffbau Gesellshaft (FSG) in the shape of Lars Windhorst, founder of investment company Tennor Holding. A contract for the sale
Tidewater, too, hit by crew change crisis Offshore services giant Tidewater Inc. (NYSE:TDW) yesterday reported revenue for the three and six months ended June 30, 2020, of $102.3 million and $218.7 million, respectively compared with $125.9 million and $248.0
Construction underway on another new dredge for Callan Marine Galveston, Texas, based dredging contractor Callan Marine reports that construction is underway on the General Bradley, a new 28 inch dredge that will join the fleet in 2021. The news comes within
Fincantieri brings in a banker as GM Reporting a loss of EUR 137 million (about $162 million) for the first half year, Italian shipbuilding giant Fincantieri has appointed a banker, Fabio Gallia, as its new General Manager. Until 2018,
Ship breaking case turns spotlight on owners The potential for a successful claim means that shipowners need to be vigilant in their ship recycling policies, according to...
UK shipping sanctions guide shows closer alignment to US 'The guidance identifies a number of illicit and suspicious shipping practices that look remarkably similar to those of Ofac,' says...
Industry tortoise derided by Mr Hare is unfair race Shipping knows it has to become cleaner and greener, and it knows it is not doing so fast enough. But...
Case highlights divide between law and perception Law firm Leigh Day's arguments will find a ready echo from non-governmental organisations that campaign on the shipbreaking issue
The week in charts: Containers turn positive; ship finance grows Reinstated sailings and a pick-up in China port calls indicate activity in the containers sectors is on the increase, while...
DSV Panalpina reinstates guidance after improved quarter The freight forwarding and logistics company has cut costs and expects significant synergies from the Panalpina integration
MOL forecasts more car carriers will be scrapped Lloyd's List Intelligence showed 30 car carriers from different companies are laid up at Malaysia's Labuan anchorage alone, and older...
LNG's role as a bridging fuel for shipping faces challenge Progress towards a zero-carbon future for shipping will involve methanol, biofuels, ammonia, and hydrogen. LNG's role as a bridging fuel...
ONE cost cuts boost first-quarter profit A 20% drop in the average price of bunkers helped push Ocean Network Express to a $167m profit, despite revenues falling...
Box freight rates in the balance Container lines will have to make sensible decisions if they are to maintain the freight rate gains that have supported...
Shipping's green push faces virtual halt The coronavirus disruption means major decisions have been put off or delayed - and the rest of the year is...
Shipping lawyer offers remedy to US legal 'headaches' Filing briefs with the US Supreme Court is only part of Mr Nolan's work, much of which involves counselling clients...
Trade imbalances smother LPG sector Freight rates to remain at depressed levels in the second half of the year
Capesize remains grounded off Mauritius Traces of oil have been spotted in the lagoon, which may have leaked from the engine room, the Mauritius Coast...
Are shipping's banks finally coming back? Shipping's comparative resilience in the face of the coronavirus pandemic could help it gain more confidence among financiers who are...
Mitsui E&S in talks to join with Tsuneishi The two sides are expected to reach an accord by the end of 2020 and are continuing with discussions on...
Pandemic overhang clouds LNG uptick in second half The threat of a second coronavirus wave has dampened LNG demand and depressed prices to persistently low levels, which is...
Daily Briefing Free to read: Seafarers close to breaking point, warns shipmanager | Maersk Pool linked to Xihe tankers deal | Hong...
Another bulker detained in Australia for crew violations MUA said massive underpayment of wages was discovered when the vessel docked in Brisbane earlier in July, and although the...
United Airlines nurses international operations back to health United Airlines is slowly ratcheting up its passenger schedule each month as travel increases, but it's a tricky game to figure out how much supply...
FreightWaves Flashback 1982: New container box stacker for Jax Port is state of the art The new unit can pass over stacks of boxes four high (48 feet) and five wide (plus a truck lane, a total of 69 feet).
Q&A: DCLI calls national chassis pool debate an illusion DCLI chief commercial officer warns shippers and truckers who seek a national chassis pool: Be careful what you wish for.
Lawmakers want airfreight handler to return $170 million in COVID-19 funds Company one of 12 airline contractors under loan scrutiny.
The flying flexible people freighter: Meet the FlexCombi The FAA recently gave Pemco Conversions approval to convert 737 passenger jets into freighters, with the added flexibility of carrying pallets and passengers in the...
ARA fuel oil stocks fall 14% on week to 1.255 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub fell 13.8% to 1.255 million mt in the week to July 30, according to data from Insights Global, despite market sources citing poor demand during the week.
Japan's cargo ship, oil tanker volume drops to record low in May amid COVID-19 Japan's total volume of domestic cargo ship transports plunged 26% on the year to 12.798 million mt, or 94,702,189 barrels, in May, which is the lowest volume since the Japan Federation of Coastal Shipping Associations started the survey.
OIL FUTURES: Crude reverses course, settles higher amid tightened US production outlooks Crude prices climbed off morning lows to settle higher July 31 in a late-session rally fueled by tightened US supply outlooks.
Saudi Arabia's HSFO demand increases pressure on tight supply in Europe Strong demand for high sulfur fuel oil from Saudi Arabia has increased pressure on the European 3.5%S fuel oil market as it readjusts to the realities of coronavirus and life post-IMO 2020.
Energy services group WFS sees Q2 fuel sales volumes fall 22% on year Energy services company World Fuel Services saw its total sales volumes of land, aviation and marine fuel in Q2 fall 21.7% to 1.056 billion gallons, the company reported June 30.
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