USCG issues guidance on commercial vessel cyber risk In a regulatory update, ABS Group reports that the U.S. Coast Guard has issued a new work instruction (USCG Work Instruction CVC-WI-0270), providing guidance on the USCG commercial vessel compliance program's approach
NYK to operate two more methanol-fueled chemical tankers NYK Bulkship (Asia) Pte. Ltd., a Singapore based subsidiary of Japan's NYK Group, has signed a long-term time charter contract with Waterfront Shipping Company Limited (WFS) for two newbuild chemical carriers. The
Latsco signs up two VLGCs for Wärtsilä optimized maintenance Wärtsilä has signed five-year optimized maintenance agreements covering the main engines for two Very Large Gas Carrier (VLGC) vessels operated by Latsco Marine Management (LMM). The contract, which became effective from September,
Beazley appoints Chris Hill to U.S. marine underwriting team Specialist insurer Beazley has appointed Chris Hill as an underwriter within its U.S. marine team. He will be based in New York and will underwrite a U.S.-wide book of marine hull and
A Q&A with The Shearer Group's Greg Beers and Cory Wood Since The Shearer Group is celebrating 10 years of being in business this year, who better to feature in the CEO Spotlight than two its head guys-Gregory Beers and Cory Wood. Back
GLDD plans to build offshore wind rock installation vessel Gearing up for future U.S. offshore wind development, Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has engaged Ulstein Design & Solutions B.V. to undertake conceptual and regulatory design engineering for what
Crowley awards scholarship to Great Lakes Maritime cadet Crowley Maritime Corp. has awarded a Thomas B. Crowley Sr. Memorial Scholarship to senior Keith Baker at the Great Lakes Maritime Academy. Baker, of Traverse City, Mich., earned the scholarship based on
NTSB reports on costly contact of tow with railroad bridge protection cell The National Transportation Safety Board has issued its report on an incident in which, at 12.32 a.m. local time on January 1, 2020, the towing vessel William C was pushing a tow
Greek Shipping Awards 2020: What's all the commotion about? This year's virtual edition of the Lloyd's List Greek Shipping Awards event in Athens may lack the din from 1,200...
Biden likely to maintain China tariffs, but Iran sanctions may end 'In consultation with our allies and partners, we're going to engage in negotiations and follow-on agreements to tighten and lengthen...
Questions after 1,900 containers lost from ONE boxship The loss of containers from ONE Apus could be the largest weather-related loss since more than 500 went overboard from...
Vehicle carrier deliveries to drop in coming years Orders for vehicle carriers will be very low in the 2020-24 period compared with the previous five years, according to...
Avance Gas confident of sustained market strength in 2021 Avance will keep its vessels in the spot market on account of its strength, despite a seasonal downturn expected in...
Pandemic stalls energy efficiency gains Low oil prices might also delay the shift to alternative fuels or the use of operational measures that can reduce...
Shipowners' Club reveals first deductibles increase in two decades Decision places Shipowners' at lower end of rate hikes for 2020-21 policy year, which run from 5% at Steamship and...
Maersk Tankers takes in four Xihe product tankers Maersk Tankers takes over commercial management of three Xihe Group MR product tankers and one more 9,500 dwt vessel. The...
Trafigura invests in green hydrogen firm Trafigura said it would invest $62m in H2 Energy, a Swiss company hat hopes to make and distribute environmentally friendly...
Lloyd's List aids the search for carbon clarity with Decarbonisation Survey The direction of travel for shipping's decarbonation trajectory has been set for some time now, but the devil in the...
Top 10 flag states 2020 While the rankings did not change in 2020 on the previous year, with Panama still leading, most flag states in...
China's shipping groups criticise EU carbon trading scheme A recent industry seminar organised by the China Shipowners' Association, the China Association of the National Shipbuilding Industry and BIMCO...
Daily Briefing Free to read: Bunker suppliers act as banks cut capital amid looming credit crunch | Singapore approves Manila crew change...
Celsius Shipping bags trio of LNG charters from Cheniere Celsius Shipping has four LNG carriers in its fleet. The first in this quartet has set sail for Nigeria's Bonny...
Northern Sea Route set for record-breaking transit year Number of full transit voyages soars as ice cover thins in Arctic waters
Golar shares move lower after dilution from surprise equity deal LNG owner is shipping's worst performer as broader market continues rampage
Opec+ hike 'marginally bullish' for tanker owners amid demand worries Major oil producers reach a compromise deal but pace of mass vaccination may matter more to tanker markets
Golar's $96m offering gives it time to complete Hygo IPO Fearnley Securities says equity issue means owner can wait should market not be open in first quarter
Four Xihe product tankers join Maersk Tankers pools Danish pool operator will have another three MRs and one small tanker under its commercial management
EU carbon market face-off looms between lines and green groups Industry wants emissions trading scheme for shipping limited to journeys between European Economic Area ports, putting it at odds with environmentalists
'Virtually no' VLGCs available as rates stay strong Analysts continue to talk up prospects for large gas carriers as free tonnage dries up
Europe transshipment hubs to lose out in carbon market for shipping Trade group for European ports urges Brussels to mitigate the proposed emissions market's negative impact
Spar Shipping becomes major shareholder in OHT Norwegian shipowner becomes second largest investor in heavy-lift vessel operator
Libya crude seen hurting long-term aframax demand, analyst says Tonne-mile demand for aframaxes could be hurt as European refiners need less replacement crude from the US
Argus: Libya crude seen hurting long-term aframax demand Tonne-mile demand for aframaxes could be hurt as European refiners need less replacement crude from the US
Novatek plans to send LNG cargo through Northern Sea Route in December Russia's first huge floating storage unit hub in Murmansk is due onstream in 2022
Unisea adds another suezmax newbuilding at Samsung Heavy Industries Despite recent flurry of orders, SHI is still less than halfway to 2020 order target of $8.4bn
Ziton raising $54m to buy wind vessel for Siemens contract Danish owner needs to own bareboated jack-up to sign long-term service deal
Stena reveals 1,400 job cuts but eyes strong recovery Swedish group was hit hard by pandemic but says volumes have rebounded
Soechi emerges as buyer of MOL VLCC as Fitch warns on bonds Indonesian owner launching notes buyback as it snaps up Japanese tanker
Titan LNG doubles LNG bunker barge fleet with Antwerp unit FlexFueler 002 will be operational from February 2021 and able to supply liquefied biogas or synthetic methane
MHSS brings in Stolt-Nielsen lawyer Christian Ayerst to drive mental health projects German company wants to ensure seafarers are not neglected after the pandemic is consigned to the past
Serial entrepreneur Ayerst bringing tech platform experience to bear New boss of Mental Health Support Solutions has record of success in diverse sectors
Orange Marine makes rare next generation cable-layer newbuild move French shipowner says new vessel will be first designed for telecommunications and offshore wind work
Paradise Gas Carriers resumes expansion with rare tanker buy The Tsakiris-Vasilopoulos joint venture emerges with LR1 previously in the Hafnia fleet
Greek environmental association turns page under new leadership Helmepa is looking for general director to provide it with fresh impetus
DSV in 'remarkable' MPP charter deal as boxship space runs short Logistics player takes matters into its own hands as rates boom from China to Europe
Hong Kong's Courage plans fundraiser to buy new tonnage Bulker owner says it has its eye on acquiring a further supramax with proceeds from offering
BULL aframax helps to save duo adrift in Torres Strait Rescue operation sees combined operation between Indonesian tanker and Australian maritime authorities
Hong Kong's Courage plans fund raiser to buy new tonnage Bulker owner says it has its eye on acquiring a further supramax with proceeds from offering
Yinson ends two-year wait for new chief financial officer Malaysian floater specialist says new recruit will bring strong leadership to management team
CSSC Shipping to ink first round of VLCC newbuildings worth $850m for charter to Rongsheng Petrochemical Dalian Shipbuilding and Shanghai Waigaoqiao Shipbuilding will each receive up to five VLCC newbuildings
CNG carbon footprint less than 50% of LNG, Australian shipowner claims Global Energy Ventures sees gap in the market for its compressed gas ships after Pavilion's emissions-measuring deal with Qatar
Shipping is collateral damage in China's Coal War with Australia Time for the bickering nations to press the reset button on what has become an abusive relationship
US offering rewards to scuttle North Korea sanctions busting China has allegedly allowed more than 500 shipments to North Korea in the last year, violating international sanctions
Golar LNG looks to sell shares and lower debt The company will look to pay down two loan facilities with the proceeds
Bulk booze by sea: Shipping wine in the time of COVID The pandemic is driving people to drink more. Bulk ocean shipments of wine in flexitanks are up 25%-30% this year.
US fine-tunes plans for COVID vaccine distribution The public-private partnership distributing the COVID vaccines is in the starting blocks. Planning is almost done. Now it's time to execute the race once the...
How satellites track and help decipher ocean trade (with video) First, Spire collects the ship-movement data from orbit. Then algorithms use that data to reveal the patterns of global shipping.
OIL FUTURES: Brent hits nine-month high as OPEC+ commits to partial quota extension Oil prices settled higher Dec. 3 after an OPEC+ meeting ended with a compromise deal that would see production rising incrementally after December.
European ULSD shipments to US set to surge as spike to record highs Cargo inquiries to ship ultra low sulfur diesel from Europe to the US Atlantic Coast surged on Dec. 2, continuing a run of unusually high volumes of ULSD making their way across the Atlantic as a reverse arbitrage holds firm.
Vitol agrees to $163.8 million in penalties for bribes in Latin America, attempted price manipulation Global energy trading firm Vitol will pay nearly $164 million in penalties to US and Brazilian authorities following investigations of foreign bribes in Brazil, Mexico and Ecuador and attempted petroleum price manipulation, US authorities said Dec. 3.
Hydrogen scale-up needed, but governments will play a role: IPHE panel **Hydrogen to comprise 10%-15% of total energy by 2050: IEA **Industry needs to move beyond colors
Platts LNG Bunker Weekly: BHP in deal with Shell for LNG bunker **BHP, Shell completed LNG bunkering deal that will facilitate 5 LNG-fueled bulk carrier **Titan LNG, TSO Fluxys delivered bunker barge to operate at Antwerp
OPEC+ ministers in last-minute flurry of talks, with a deal on oil cuts in sight **OPEC+ ministers will convene at 1400 GMT **Compromise emerging for gradual easing of quotas **Saudi Arabia favored maintaining cuts through Q1
FACTBOX: S&P Global Platts eyes inclusion of US crude in Dated Brent benchmark **WTI would be first non-North sea crude to be included **Dated Brent benchmark a global reference point **Proposal follows 2015 lifting of US export ban
VGO loadings from Russia's Tuapse flat on month at 120,000 mt in Dec **Reduced demand because of downstream factors **Fundamentals now almost balanced
European 0.5% fuel oil hits 7-month high against 3.5% **3.5%S FO weakens on improved availability **0.5%S FO still supported, despite better availability
Swedish Gothenburg port faces empty container deficit, launches initiative **Special conditions for handling empty containers **Container bottlenecks may support global freight rates into 2021
FEATURE: Asian refiners expect Iraq's Basrah Medium crude to help cut costs in 2021 **New grade expected to simplify feedstock blending **Basrah Medium could be cheaper than other Persian Gulf grades **Some refineries cautious - find salt, sulfur content too high
Singapore Dec marine fuel 0.5%S term premiums slip on weakening cargo market The prevailing premiums for December indicated a dip in valuations for IMO-compliant marine fuel compared to November.
South Korea needs to do more to decarbonize energy supply: IEA South Korea in 2018 was the 12th-largest economy in the world by GDP, and the fourth-largest economy in the Asia Pacific region, after China, Japan and India.
Sempra to sell stake in new infrastructure unit to fund North American LNG growth Sempra Energy will help fund its North American LNG export expansion plans by selling a stake in a new unit that includes some of its natural gas and renewables assets, the company said Dec. 2.
Firm low sulfur marine fuel demand lifts Sudanese crude premiums to 8-month high First-half December loading Dar Blend was heard to have last traded at parity to small premiums to Platts Dated Brent, FOB.
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