Navy selects Fincantieri Marinette Marine to build FFG (X) Fincantieri Marinette Marine Corporation has beaten out some tough competition, winning a $795,116,483 Navy contract to design and produce the next generation small surface combatant, the Guided Missile Frigate (FFG(X)). The contract
American Cruise Lines reports rise in bookings Guilford, Conn., headquartered American Cruise Lines reports that it is seeing a strong increase in demand across its domestic portfolio of river and coastal cruises. The company cites increased awareness of U.S.
SEACOR benefits from CARES Act tax breaks While SEACOR Holdings Inc. (NYSE:CKH) saw first quarter income fall, it reports that all of its services have been deemed essential - and looks to have gotten a significant boost from tax
Gasum acquisition includes two LNG bunkering vessels Espoo, Finland, headquartered Gasum has closed the acquisition of Linde AG's LNG and Biogas business in Sweden and Norway and Nauticor's Marine Bunkering business in Germany. The acquisition is an integral part
New Taylor reach stacker is purpose built for barge applications Louisville, Miss., headquartered Taylor Machine Works, Inc. has added a new reach stacker to its product line that is purpose-built to handle containers in the unique lift situations that barge applications present.
Royal IHC to be refinanced and have new ownership Dutch shipbuilder Royal IHC, long a leader in dredge design and construction and other areas, is to be refinanced and come under new ownership. An outline agreement on the acquisition and refinancing
Marine Log launches new weekly newsletter with a global perpective Launching today, Marine Log's MARINE WORLD NEWS is a concise summary of top international maritime industry news, with an emphasis on policy and enforcement developments, emerging market trends and game changing tech
Suez and Panama Canals cut owners breaks to keep ships transiting Cheap bunker prices are tempting hard-pressed shipowners to send ships "the long way round" and avoid expensive Suez and Panama Canal transit fees. In response, the authorities of both canals are offering
Fortescue lifts iron ore shipments guidance The news may provide comfort to the capesize market, which has seen spot rates slide in recent days
Current cargo accumulations are increasing risk, TT Club warns Security, documentation, temperature control and high value among main headaches for logistics industry
Sanctions on Chevron exports from Venezuela put tanker operators on alert 'Venezuelan-origin petroleum and petroleum products may become a direct focus of the US's sanctions policy. As such, any voyages involving...
DSV to cut 3,000 staff due to demand slump Cuts will affect all divisions and regions, with the measures to be phased in during the second half of 2020
Costamare steps up first in unique reporting season Containership owner's quarterly reporting this week was indicative of how publicly listed companies are going the extra mile in adapting...
Dry bulk charterers guard against Hin Leong fallout In what has been described as an unusual yet prudent move, Rio Tinto advises charterparties to exclude fuel supplied by...
Box line bailouts should come with conditions, says ITF The ITF argues for state support to be tied to societal goals instead of encouraging risk taking
Kuehne + Nagel eyes 'rebound' in second half Pharma, healthcare and e-commerce verticals have increased significantly
Asia-bound vessels rerouted to avoid Suez Canal Numerous ships are taking an extended seven-day voyage as carriers respond to the health crisis that has sent consumer demand...
No quick fix for box shipping Any recovery in container shipping will come from an extremely low base, according to BIMCO chief shipping analyst Peter Sand...
ONE issues outlook warning after posting full-year profit Uncertainties are still increasing regarding the situation after May, the carrier warns
CMA conference moves to October as part of shipping week Speculation about the future of CMA Shipping 2020 has ended as the organisers agree to combine with SHIPPINGInsight to create...
Panama and Suez offer incentives to keep ships transiting Discounted rates and easier terms offered to maintain flow of traffic
MOL lifted by improved tanker and container earnings The Japanese line points to a tougher year ahead, factoring in a full-year coronavirus-led slowdown
Daily Briefing Free to read: Cargo cancellations and low prices sink LNG rates | Singapore bunker premium rises as fleet tightens on...
Tankers anchor off California as crude oil demand slackens California's refinery input is down 32.3% year on year; its production of gasoline is down 36.9%; and jet fuel production...
Singapore provides $19m to support maritime industry Recognising the challenges that maritime companies may face in managing their cash flows and meeting their financial obligations during this...
P&O Ferries faces union call for nationalisation 'We simply cannot afford to have the UK's ability to be supported by key shipping services being held to ransom...
DB Schenker, Airbus innovations maximize cargo space in passenger jets The logistics sector specializes in figuring out creative solutions to transportation and trade impediments, and a pandemic is the ultimate test. Check out what DB...
Second-half container relief after second-quarter disaster? Liners could scrape bottom over next two months, then recover.
DSV Panalpina: Q1 results satisfactory, 'all things considered' Combined transportation and logistics powerhouse grows gross profit despite impact from COVID-19.
FIATA warns global container imbalance at 'tipping point' International association of forwarders says members have tools and knowledge to ease container-shipping pain of the COVID-19 pandemic.
American Airlines posts first quarterly loss in six years American is slashing expenses, but not fast enough to stop big profit losses. Here are the details on its first quarter and what it expects...
Honk if you love seafarers International organizations calling for show of solidarity as well as recognition of COVID-19 as occupational disease.
European 0.5% marine fuel barge price above jet barges on demand fallout The transport fuel market has seen a demand collapse caused by the coronavirus pandemic, but seaborne fuels are faring better than their air counterparts as prices invert, as prices for fuel oil surpass jet.
Taiwan's CPC likely to recover fuel oil export availability in Jun on RFCC turnaround: source Taiwan's CPC is likely to export at least one cargo of 40,000 mt, either low sulfur fuel oil or high sulfur fuel oil, for loading in June due to a turnaround at its residue fluid catalytic cracker, while the company plans to export no fuel oil cargoes in May, a company source said Thursday.
China's fuel oil exports quota to tilt regional bunker balances China's issuance of a 10 million mt fuel oil export quota for 2020 was expected to tilt regional supply and demand balances, traders said, not least because a second batch could not be ruled out.
Shipowners brace for S Korea's new emissions rules amid pandemic pain Shipowners are starting to gear up for South Korea's stricter environmental emissions rules despite having no time to draw breath after transitioning to IMO 2020 and grappling with the coronavirus pandemic that has caused an unprecedented slowdown in global export trade.
Taiwan's CPC to suspend supply of 380 CST bunker fuel from May 11 Taiwan's state-owned CPC Corp. will suspend the supply of 380 CST high sulfur bunker fuel at the port of Kaohsiung from May 11 due to annual maintenance of the barge Bao Shan No.2, the company said in an email circular Thursday.
OIL FUTURES: Crude rally extends as market eyes producer cuts, economic restarts Crude prices settled sharply higher for a second session Thursday as stepped-up producer cuts underscored improved demand outlooks.
Singapore's Keppel offshore and marine business faces hurdles amid global pandemic "We expect the O&M business to face very challenging conditions in the near future," Loh Chin Hua, CEO of Keppel Corp, said.
Coronavirus to cut CO2 emissions by most in human history: Platts Analytics "As a result of this drop in demand, CO2 emissions from energy sector fossil fuel combustion are expected to drop by 5.5%," it said.
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