Greg Hutchison named President of Fullen Dock & Warehouse Fullen Dock & Warehouse, a full-service Mississippi River terminal, warehousing, trucking, aggregates supply and logistics company, has appointed Greg Hutchison as President of the company. In this role, Hutchison will be responsible
Successful trial of remote surveys on Sembcorp Marine newbuild Bureau Veritas (BV), Nokia and Sembcorp Marine, have successfully completed remote surveys that pave the way for establishing a new class procedure for the remote inspection of vessels under construction. The new
Foreship names Benjamin Sward to lead push for U.S. growth Helsinki, Finland, headquartered naval architecture and marine engineering firm Foreship Ltd. has appointed Benjamin Sward as President of Foreship LLC. In that role, he will take responsibility for the company's U.S. activities,
Harvey Gulf in tri-fuel vessel first New Orleans, La., headquartered Harvey Gulf International Marine has completed the installation of a Wärtsilä battery-power system on the PSV Harvey Energy. The PSV was already a dual-fuel vessel capable of fully
Atlas Marine Services adds to leadership team Taylor, Mich., headquartered marine fueling specialist Atlas Marine Services has made a number of key appointments. Jason Rimington joins Atlas Marine as Director of Operations, bringing with him more than 20 years
Brusco Tug & Barge orders two more Robert Allan Ltd. tugs at Diversified Marine Portland, Ore., shipbuilder Diversified Marine Inc. has booked an order to build a pair of Robert Allan Ltd. (RAL) RApport 2500 design tugs for Brusco Tug & Barge of Longview, Wash. They
Jeffrey Theisen rejoins Philly Shipyard as CFO Philly Shipyard, Inc., the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), reports that Jeffrey Theisen will rejoin the company as Chief Financial Officer, effective September 8, 2020. Theisen fills the
PrimeServ Lab extends scope of engine fluid analyses PrimeServ Lab, which is a department of MAN Energy Solutions' after-sales division - PrimeServ, performs analyses of such fluids as fuel oil, lube oil, cooling water, lube-oil separator control samples and fuel-oil
'We are calling for help' to end rescue impasse, says Maersk Tankers executive Maersk Tankers has urged politicians to accept 27 people rescued by one of its vessels from a small boat in...
Tanker rally muted as stocks curb crude seaborne shipments Tanker earnings currently at 2020 low as production cuts and a slower-than-anticipated rebound in oil demand seen ahead of the...
Freighter with 43 crew missing in typhoon off Japan The carrier Gulf Livestock 1 emitted a distress signal in the early hours of Wednesday morning. The Japanese coast guard is conducting...
Weekly Briefing: Shanghai leads port list; crude fleet growth; decarbonisation timelines China remains the dominant player in the containers market, new port rankings from Lloyd's List show, while the crude tanker...
Tunnel vision: Suez Canal Container Terminal eyes gateway gains as landmark project opens window of opportunity The road tunnels have created vital links between the east's sparsely populated Sinai Peninsula and Egypt's industrial heartland and capital...
Gateway to Europe: Rotterdam's most advanced terminal RWG brings a mix of innovations in equipment, processes and digitalisation, as well as organisational innovations
Cargill invests in Maersk Tankers' digital spin-off Cargill has invested in ZeroNorth and committed its entire operated fleet to use the software, bringing the number of ships...
Container shippers face higher contract rates Strong peak season demand levels and rising freight rates could lead to higher contract rates in 2021
Third body recovered after tug sinks off Mauritius Maritime Union of India calls for support for a fair trial of Wakashio's master, Sunil Nandeshwar
Green dreamers discouraged from seeking accelerator backing Yara Marine Technologies needs to diversify away from scrubbers. One initiative among several agreed by management has been to work...
Economic outlook: Signs of normality returning in Chinese trade figures Given the exceptional circumstances of the pandemic, it is unsurprising that GDP growth forecasts for 2020 vary widely. It is...
Brand power wanes in era of container shipping super-groups When container shipping was highly fragmented, establishing a loyal customer base through a quality container line with a recognisable brand...
Carriers prepare for post-peak capacity withdrawal Carriers have learnt the lesson that managing capacity is far more effective than chasing market share
Daily Briefing Free to read: Libyan crude exports return is short-lived as oilfield production halted | Maersk axes Safmarine and Damco amid reorganisation...
Grain trade injects life into moribund dry bulk market According to BIMCO chief shipping analyst Peter Sand, if exports of soyabeans and corn from the US are strong from the...
Maersk Tankers calls for migrant rescue vessel to be allowed to dock After rescuing a group of migrants, the tanker Maersk Etienne has been anchored off the coast of Malta for 27 days...
Airlines say survival depends on bailouts, reopened borders The viability of the airline industry is at stake because COVID has mostly wiped out passenger travel. The group's global trade association is pleading with...
Geodis opens European market to US e-tailers 3PL's MyParcel provides European e-commerce customers a scheduled, yet competitively priced shipping service between existing express and postal.
Trump targets steel from Brazil, Mexico President Trump's new measures are aimed at addressing steel import issues affecting American producers during the COVID-19 pandemic
Commentary: Intermodal missed signals? Fumbling so close to the growth goal line? Intermodal was supposed to be the growth engine for rail.
Hong Kong Sep marine fuel 0.5% differential inked at minus $12/mt, steady from Aug Term contracts for the supply of marine fuel 0.5%s at Hong Kong port in September have been concluded at a discount of around $12/mt to benchmark Singapore 10 ppm cargo assessments, similar to August, Hong Kong-based traders said Sept. 1.
S Korea halts bunkering at Busan ahead of Typhoon Maysak: sources Almost all bunkering operations at the key southern port of Busan in South Korea were halted from Sept. 1 as Typhoon Maysak was approaching, market sources said Sept. 2.
Pandemic to cut global bunker demand by 11%-17% in 2020: Cockett's Saral Global marine fuel demand in 2020 will fall 11%-17%, or 29 million-45 million mt, year on year, due to the coronavirus pandemic, the CEO of marine fuel trader Cockett Group said Sept. 2.
Heavy distillates stockpiles tumble most in 2020 at Fujairah Fujairah oil product stockpiles dropped to a two-week low on Aug. 31, with heavy distillates such as marine bunkers tumbling 14% week on week, the biggest decline since December 2019.
Petrobras boosts LSFO supply to Asia in Q3 to gain from higher prices: sources Brazil's state-owned Petrobras has raised exports of low sulfur fuel oil to Asia to 600,000-800,000 mt/month in the third quarter from around 500,000 mt/month in late last year, market sources said Sept. 2.
Los Angeles bunkers volumes fall for fifth straight month in May: port data Deliveries of marine fuel in the Los Angeles market declined again in May, marking the fifth consecutive monthly decline, according to data released by the Port of Los Angeles in the week ending Sept. 5.
OIL FUTURES: Oil retreats amid stronger dollar, weakened demand outlooks Oil futures settled lower Sept. 2 as a stronger US dollar and weak US refined product demand offset a larger-than-expected reported draw in US crude stocks.
External: Global Risk Management
August fuel oil barge volumes traded in Platts London MOC rise 17% on month Some 158,000 mt of 0.5%S marine fuel traded during August's MOC, up from 138,000 mt in July and 96,000 mt in June.
Japan launches first project to commission high-power fuel cell vessel by 2024 "Once the pilot project proceeds smoothly, the vessel is expected to complete in the middle of 2024," NYK Line's Nakamura said.
MARINE FUEL 0.5%S: Ample supply weighs on global marine fuel markets in September Traders estimate the volume of LSFO arriving in Singapore in September at 2.5 million-3 million mt.
NewOcean to scale back oil business as COVID-19, low oil prices dent prospects The oil products segment's gross margin narrowed to 1.11% in H1 2020 compared to 4.28% in H1 2019 on tough markets.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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