Pacific Carriers hit with $12 million fine for pollution case felony offenses In a ruling in the U.S. District Court for the Eastern District of North Carolina, Singapore based Pacific Carriers Limited (PCL) was yesterday sentenced to pay a fine of $12,000,000 after pleading
Metal Shark completes four-year production program for NYC Ferry Jeanerette, La., headquartered shipbuilder Metal Shark reports that it has delivered the final vessel in a four-year newbuilding program for NYC Ferry, operated by Hornblower. The vessel, Time Traveler is the twelfth
IMO Secretary General urges priority COVID-19 vaccination for seafarers Welcoming a UN General Assembly resolution calling for seafarers to be designated as key workers IMO Secretary-General Kitack Lim is urging that seafarers and maritime workers receive priority COVID-19 vaccination to allow
Knutsen OAS LNG newbuilds will feature compact Wärtsilä boil-off gas solution Two new LNG carriers ordered by Norway's Knutsen OAS shipping at South Korea's Hyundai Heavy Industries shipyard will be the first vessels to be equipped with W'rtsil''s recently introduced Compact Reliq reliquefaction
Fairbanks Morse acquires diesel repair and rebuild specialist Beloit, Wis., headquartered Fairbanks Morse has acquired Houston-based diesel engine repair and rebuilding service provider Breco International Inc. The move will expand service markets for Fairbanks Morse in the commercial marine, oil
Conception captain indicted on seaman's manslaughter charges The captain of the Conception, the dive boat that caught fire last year with the loss of 34 lives, was yesterday indicted by a federal grand jury on 34 counts of seaman's
Upper Mississippi River 2020 navigation season ends The St. Paul Engineer District, locked its last tow of the season November 30, ending the navigation season on the Upper Mississippi River. Traditionally, the last tow heading south of Lock and
Ports of Indiana announces a promotion and an appointment Ports of Indiana, the statewide port authority that operates ports at Burns Harbor, Jeffersonville and Mount Vernon, has promoted Andrea Hermer from general counsel to chief operating officer, and appointed James Hall
M/Maritime identified as buyer of Scorpio ultramax pair The specifics of M/Maritime's acquisitions match the Scorpio ships and industry sources have independently verified the deal to Lloyd's List
Maran orders first LNG carrier from Samsung Heavy Maran Gas Maritime's choice of Samsung, which currently has the world's largest LNG carrier order book, could indicate that the...
Bunker suppliers act as banks cut capital amid looming credit crunch Banks slashed available capital to marine fuel sector by 10% over 2020, ARACON virtual conference told
Singapore approves Manila crew-change hotels Singapore has given its blessing to an industry-funded crew change programme that quarantines seafarers in Manila hotels. Almost 250 seafarers...
Shipping must do more to decarbonise, says UN chief Antonio Guterres believes shipping needs more 'enforceable regulatory and fiscal steps' to deliver on its commitments, including pledges from some...
Vale lowers iron ore production guidance The miner has lowered its 2020 iron ore production to 300m to 305m tonnes versus its previous target in the...
Weekly briefing: Containerised freight supply chain 'broken'; sanctions-busting tanker sales Pent-up demand for containerised goods is outstripping supply and capacity in the logistics chain, leading to soaring rates, backlogs, congestion...
Dry bulk rates to see marked improvement in 2021 Dry bulk is in a recovery mode following the negative impacts of the coronavirus, and will soon be entering an...
From the News Desk: Will pandemic change the perception of seafarers? Speakers at this week's Lloyd's List Shipping Outlook 2021 forum believe that the coronavirus pandemic will improve the perception of...
BIMCO calls on Nigeria to combat piracy at sea The shipping association says Nigeria should act on its promises to police its waters as the Gulf of Guinea dry...
Ship leasing and more stable US leadership inject confidence into Hong Kong maritime The recent Lloyd's List Hong Kong Ship Finance & Law online forum heard that Hong Kong is well prepared to...
Use of LNG as marine fuel faces challenges Vikrant Bhatia, chief executive of KC Maritime Hong Kong, questioned the viability of LNG as a green fuel. 'The only...
Shipping welcomes seafarer key worker resolution The UN's General Assembly has called on governments to designate seafarers as key workers. The IMO has urged that they...
Top 10 technology leaders 2020 MAN Energy Solutions chief executive Uwe Lauber leads the rankings of our top 10 tech leaders as one of the...
Daily Briefing Free to read: Dissent in European shipping circles over EU's green rules | Greek shipowner lifts Venezuelan crude after sanctions...
Waterfront adds eight newbuild methanol-fuelled tankers to fleet The new ships, to be built by Hyundai Mipo Dockyard in South Korea, will each be equipped with a dual-fuel...
Søren Toft takes the helm at MSC A year after standing down from the world's largest carrier, former Maersk executive board member Søren Toft is taking up...
Countries commit to completely sustainable management of their ocean waters by 2025 Canada, Japan, Norway and 11 other countries that account for almost 40% of the world's coastline and 30% of the...
ONE boxship loses containers in Pacific The Singapore carrier has suffered its second container loss in less than a month. Panama-flagged One Aquila reported a similar...
Norwegian firm looks for answers after buying phantom chicken Nueva Seas said it was defrauded by unknown individuals
Asia-Europe container trade sees rate rise as US regulators turn up the heat Empty containers helping fuel rate rises in all east-west box trades
Prem Watsa's Fairfax Financial sells insurer RiverStone in $750m deal Canadian shipping and insurance fund cashes in European operation but retains Lloyd's of London interests
Relatives turn down Thomas Wilhelmsen buy-out offer Company chief executives had offered to pay $154m for shares held by cousins and an aunt
Dangerous cargo among more than 1,900 boxes lost from ONE vessel Japanese liner company has blamed latest incident on severe weather conditions
Trafigura pumping $62m into hydrogen cell technology Trader and shipowner teaming with H2 Energy to develop sea and land solutions
Shell expects to more than double its LNG bunker vessel fleet by 2025 Pavilion Energy sees need for three to four supply units in Singapore in near future
Scrap prices jump as end of cartel lets Bangladesh breakers break free End buyers free to set their own prices as $400 per ldt barrier breached
IMO needs to fill glaring holes in CO2 rules for shipping, analysts say Drewry, MSI and London energy institute all highly critical of new global regulation that leave details blank
Stopford and De Stoop look at bright side of new emission rules Industry heavyweights say new regulation has positive impact on decarbonisation in wider context
Aegean Shipping strikes period charter for aframax in deal with Vitol Trader books ship for a year amid a busy run on the period charter market
Yang Ming newbuilding partially submerged at CSBC in Taiwan Miscalculation of high tide blamed for flooding of boxship.
Olympic Subsea offloads ship at centre of dispute with rebel bank Stig Remoy company remains in talks with lenders over a long-term refinancing
Rickmers' Asian Spirit leads charge as buyers swarm into resurgent boxship sector Secondhand values lifted by ever increasing charter rates
Exposed: New views of the sea from those who work on it, in it, and under it Photography exhibition at the National Maritime Museum in Greenwich gives a fresh insight into work in the maritime environment
Ince does not need another 'major transformational' deal Chief executive Adrian Biles tells TradeWinds the law firm now needs to build on its international platform
Fitch upgrades 2021 shipping outlook as boxships and bulkers rebound Ratings agency views sector as stable going into next year, but risks remain
Crew-change crisis silver lining can be mental health awareness Surveys into seafarers' wellbeing during the crew change crisis are showing an increase in depression and anxiety - revealing a need to take mental health at sea more seriously
'Moment of truth' for Nigeria as dry season triggers piracy spike Bimco's Jakob Larsen says now is the time for Nigeria to start making good on its promise to eradicate maritime gangs in 2021
Consort expands with Xihe/Ocean Tankers ships and Chinese newbuildings Growing Singaporean bunker tanker player buys three more second-hand tankers as it orders newbuildings in China
Pacific Carriers fined $12m in US over 'multiple' pollution incidents Crew members admitted that bags filled with oily rags were thrown over the side of the ship
ONE boxship loses 'significant number of containers' overboard in Pacific Japanese liner company has blamed latest incident on severe weather conditions
Ocean Network Express suffers second container collapse off US Japanese liner company has blamed latest incident on severe weather conditions
Maran Gas swoops on berth at SHI as Total nears chartering choice Energy major set to select owner this month, but order may be a twist on Mozambique LNG business
Ports and container lines start to join the digital dots that will link up supply chains Container shipping is slowly developing the digital standards that will connect all elements of global trade into visible, inter-connected networks
LNG Easy lines up fast-track LNG import project for Pakistan Chinese major is backing deal formed with Karachi Port Trust and Pakistan Railways
Industrial Real Estate Roundup: Surging warehouse demand fuels job growth, new developments Real Estate Roundup is a weekly rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Publix, Amazon...
ONE Apus lost or damaged containers 'could exceed 1,900' Surviving cargo that was bound for the U.S. now is headed back to Asia.
Rail blockade ends in Mexico after 60 days of protests A rail blockade in west-central Mexico has ended, freeing key rail lines connecting to the Mexican seaport of Lázaro Cárdenas on the Pacific coast.
Pfizer team evaluates higher shipping temperature for COVID vaccine Pfizer and BioNTech might be on their way to a logistical breakthrough if they determine their promising COVID-19 vaccine can be shipped at warmer temperatures.
Canadian Pacific, Hapag-Lloyd extend Port Saint John agreement CP will serve Hapag-Lloyd at the New Brunswick port through 2025.
Commentary: Cloud-based tool has been supply chain breakthrough Regardless of a transport or logistics manager's objectives, the digital age name of the game is to estimate the dollar savings provided by an application...
Spot bunker fuel prices strengthen across Latin America in November November marked a period of mostly advances for Latin America bunker spot pricing, with ports in Panama, Brazil and Peru reaching multi-month or even historical highs, especially in the 0.5%S segment.
Open interest for ICE Singapore marine fuel 0.5%S forward curve hits fresh high Open interest for the Singapore low sulfur fuel oil forward curve contract on the Intercontinental Exchange hit a fresh monthly high in November, data from the exchange showed Dec. 2.
OIL FUTURES: Energy prices rally following UK vaccine news, US crude draw Crude prices settled higher Dec. 2 as outlooks improved amid COVID-19 vaccine optimism and an unexpected US crude inventory draw.
US DATA: EIA says total US ULSD imports spike to record high Total ultra low sulfur diesel imports to the US surged to a record high during the week ended Nov. 27, jumping 427,000 b/d to 613,000 b/d, US Energy Information Administration data released Dec. 2 showed.
Titan, Fluxys deliver LNG bunker barge to Antwerp **FlexFueler002 to begin servicing Antwerp region in Feb 2021 **Gasum extends LNG bunker operations
Nov fuel oil barge volumes traded in London MOC drop 17% on month **Companies tend to reduce volume for year-end accounting **Supply tightness easing across grades
Russia greenlights plans for Black Sea, Mediterranean-facing oil products export terminal **Terminal to handle light and heavy products **Russian fuel oil production decreasing
North Africa to absorb NWE, Baltic gasoline supplies **Robust buying interest from North African markets **Under-pressure freight rates help keep arbitrage open
Enel, ENI to develop 20 MW electrolysis capacity at Italian refineries **Two green H2 projects for 10 MW apiece planned **Locations to be determined by decarbonization criteria **Projects in closed loop seen online 2022-2023
OPEC+ economic inequalities complicate knife edge oil diplomacy **Economic disparity amplifying divides in OPEC+ say analysts **Russia performing better despite low prices helped by ruble **Iran and Venezuela have highest fiscal breakevens above $180/b
ANALYSIS: European naphtha shipments sail around Africa to delay arrival in Asia **Diverging demand profile for light and heavy naphtha **Weak arbitrage economics East
FUJAIRAH DATA: Oil product stocks rise 2.3% on big build in heavy distillates **Heavy distillate inventories rise from 2-year low **Middle distillates fall from last week's record high **Light distillates fall slightly from 10-week high
JAPAN DATA: Nov. 22-28 oil product exports rebound 23% to 2.4 mil barrels **Gasoil exports jump 36.9% **HSFO exports rise 6.6%, LSFO exports up 34.3%
JAPAN DATA: Nov. 22-28 oil product output extends rise by 3.1% on week **Estimated domestic kerosene shipments rise 9% on week **HSFO output drops 18.8%, LSFO falls 28.9%
Russia's Nov oil output steady on month at 10 mil b/d **Exports slip 3.3% on month to 4.23 mil b/d **Domestic deliveries rises 6.8% to 5.46 mil b/d
S Korea HSFO differential hits 2-month high as supply tightens **Tight supply supports bunker grade **Refineries configured to produce more VLSFO than HSFO
Shanghai marine fuel 0.5%S differential flips to premium after 3 weeks as supply tightens **VLSFO production slows after export quota imposed **Imports may be necessary
Singapore LSFO-HSFO spread near 2-month high on bearish HSFO fundamentals **Less HSFO demand from Middle East **More HSFO expected out of Iraq from January
OPEC hopes to salvage deal from Saudi-UAE standoff with a few days of diplomacy **Ministers hope to regroup by Dec. 3 meeting **Saudi Arabia favors 3-month extension of oil cuts **UAE wants tighter enforcement of quotas
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