Gangways play a role in helping new electric ferries conserve power The five electric double-ended, passenger-only ferries that Turkey's Sefine Shipyard is building for Norwegian operator Boreal (see earlier story) will each have two gangways supplied by Skodje, Norway, headquartered Undertun Industri. The
Former WSF ferry to be sold at U.S. Marshal's auction A retired Washington State Ferries vessel with a long history, the former Evergreen State, is to go on the block in a U.S. Marshal's auction. Built in 1954 and retired in 2015,
Detyens wins $18.1 million MSC order Detyens Shipyards, Charleston, S.C., has been awarded an $18,144,376, 76-calendar day, firm-fixed-price contract for the regular overhaul dry-docking availability of the Henry J. Kaiser class fleet replenishment oiler USNS Leroy Grumman (T-AO
Sanmar Shipyards and Schottel strengthen ties Spay, Germany, based propulsion specialist Schottel will be the exclusive supplier of thrusters for the 90-tonnes bollard pull Bigaçay class of tugs, designed by Robert Allan Ltd, built by Turkey's Sanmar Shipyards
Metal Shark wins Presidential Award for Exports Jeanerette, La., based shipbuilder Metal Shark has been selected to receive the President's "E" Award for Exports, the highest recognition any U.S. entity can receive for making a significant contribution to the
GLDD: "Third quarter reflects solid project performance" Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), the largest provider of dredging services in the U.S., today reported financial results for the quarter ended September 30, 2020. "The third quarter reflects
Marine biofuel testing set to begin at Alfa Laval Test & Training Center The Alfa Laval training center in Aalborg, Denmark, has been readied to start testing biofuels. While the center plays a key role in Alfa Laval's own R&D efforts, it is also a
Economic outlook: China is key driver of trade in pandemic economy Eyes have recently been focused on the result of the US presidential election and what that will mean for the...
The Lloyd's List Podcast: The digital highway Stener Stenersen, DNV GL's head of technical support Norway, and Bjorn-Johan Vartdal, digital director for maritime, join Lloyd's List chief...
Product tanker blast at Turkish shipyard An explosion on the product tanker Sri Asih at a Turkish shipyard has injured five people and damaged the vessel's...
Product tanker attacked off Nigeria The Greek-owned product tanker Nefeli II was attacked about 80 nautical miles southwest of Brass, Nigeria. Dryad Global said the...
Weekly briefing: Warning for box carriers; no floating storage repeat High freight rates on transpacific routes have buoyed the container market in recent weeks but carriers have been told there...
Carriers face expensive transition to zero-carbon future Carriers have made significant steps in meeting low-carbon shipping demands already. But they must now focus on a more expensive...
Cargo sector looks back for the future of unaccompanied freight There has been a reversion among carriers and owners to the UK freight model prior to 1992, when less than...
Norden chief sees volatility benefits Update: Norden chief executive says volatility will remain in the dry bulk market, and while China's imports have exceeded expectations...
Daily Briefing Free to read: Container shipping's surprise year ignites new interest in fleet renewal | Box demand picture clouded as economics...
ICTSI sees volumes spring back in third quarter ICTSI's third-quarter performance benefited from the cost preservation measures it took to mitigate the adverse effects of the pandemic, which...
US political uncertainty seen as a threat to maritime industry A prolonged decision over this year's successful presidential candidate could see Washington consumed by political paralysis and gridlock - a...
Singamas to extend debt payment for PIL The agreement will allow PIL to repay the $150m debt outstanding to Singamas over the next decade, as the Singaporean...
Singapore aims for 600 crew changes a day MPA said it expected to conduct 500 to 600 crew changes per day in the coming months and had facilitated...
Concordia Maritime expects brighter product tanker market next year The Swedish company plans to send seven vessels into drydock from now to the second quarter of 2021 for special...
US stocks fly higher as odds increase of parties sharing power when dust clears
Futures curve suggests Capesize rates may stay around $15,000 It depends on where China gets its iron ore from, according to Clarksons Platou Securities
Talking ESG is easy. Delivery is what banks and clients will judge Shipowners and operators will not be able to dodge rising investor and customer expectations
Ardmore Shipping posts third-quarter loss, plays long game in decarbonisation New York-listed MR tanker player secures a $10m loan for a newly purchased vessel
Investors laid their chips on a Biden win in US Election Day stock performance Tankers generally suffered while shares of dry bulk and boxship companies saw overall gains
Hamburg expo SMM scraps 'hybrid' plan to go online only in 2021 German ship technology conference was postponed this year due to the coronavirus crisis
Ro-ro asset values fall due to oversupply and new technology UK Government has gone overboard on the vessels in anticipation of Brexit, VesselsValue's Dan Nash says
Wind work no magic bullet for North Sea offshore owners after 'sobering' month North Sea owners left nursing hangover after intoxicating rate recovery in August and September
Buss Capital strikes in hot market with first box leasing bond German group launching product to take advantage of "interesting" container market
Coking-coal futures hit record level due to China-Australia trade uncertainty Options market for coking coal has seen its first contracts traded since June last year
Guy Carpenter sets up captive marine reinsurance oufit Reinsurance broker says it sees the marine and energy sector as a growth market
MSC spends $158m in raid on post-panamax boxships Diego Aponte-led operator spends big and takes tally of acquisitions into double figures
BP fixes Cosco VLCC amid talk of $10,000 premium for new ships Dalian Shipbuilding Industry-built ship is said to be set to load diesel amid weak oil demand
Car carrier demolition goes through the roof amid auto export slump Scrap yards are filling with pure car/truck carriers as Covid-19 rattles the world economy and Japanese car manufacturers face tighter standards
Tankerska Next Generation docks MR tankers during market 'freefall' Croatian owner says shipyard maintenance was best use of time as rates collapsed
Vintage VLGCs win premium rates in Indian market Two elderly Indian-controlled units have been fixed by Bharat Petroleum Corp.
People traffickers posing as operators to target ship agents, ITIC warns UK insurer says members should beware approaches from gangs trying to smuggle illegal immigrants
Dry bulk surge lifts Norden's full year profit outlook again Norden's fleet operated bulkers delivered good news in its third-quarter results, but product tankers posted losses
Oil and European stocks creep up as US election result hangs in the balance Trump wins battleground of Florida, but Biden voiced confidence he would win the election by taking three key Rust Belt states.
Ocean Yield's Solbakken says Scorpio Bulkers has options to sell five leased ships Kjell Inge Rokke-controlled company owns five vessels chartered to US company seeking to exit bulker sector
Concordia's Ullman reveals the cure for product tanker 'party hangover' Production cuts and drawing down of oil stocks will ease sector headache after rates party in the spring, tanker boss says
Cargo Day is here: Can shipping industry repeat record $1.3m for Mercy Ships in 2019? Wednesday 4 November is focus of efforts to raise funds this month for Africa hospital ships charity taking delivery of its first ever purpose-built newbuilding, Global Mercy
Shipping's success rests on who Americans want in White House Shipping needs stability to flourish amid the uncertainty of the Covid-19 pandemic and fears over climate change
S&P revises Gard and North P&I Club outlook to negative Ratings agency reviews P&I clubs' performance as historic high in claims puts pressure on finances
Swan Energy FSRU chartered for Myanmar shipment New import project prepares to welcome regas vessel and two FSUs as Golar ship departs
BW VLGC ready to head across Pacific on first LPG-fuelled voyage Class certificate awarded after successful sea trials for BW Gemini off Hong Kong
Weaker tanker rates dent profit at Buana Lintas Lautan But Indonesian owner saw year-to-date results more than triple compared to a year ago on ship acquisitions
Asian markets look for direction as US presidential polls close
Singapore flag closes on 100mgt as crew changes pass 50,000 mark MPA says Covid-19 had also helped accelerate the adoption of technology within the shipping sector
Air cargo momentum builds; air travel stumbles The airfreight market is gaining strength as trade and e-commerce grow, but the disappearance of most international air travel is hurting airlines. And the situation...
MODE Transportation names new president and CEO Longtime MODE Transportation President and CEO Jim Damman is appointed chairman of the company.
2016 vote sparked fireworks for shipping stocks. Repeat in 2020? A look back at the days after the 2016 presidential election and the strange case of "The Donald Trump Shipping Stock Boom."
UN says climate science 'clear' as US withdraws from Paris Agreement The science of global warming is clear and requires urgent international action, the UN said Nov. 4 as the US formally withdrew from the Paris Agreement on climate change, the first nation to do so.
Hurricane Zeta shut ins, rising refinery demand weigh on US crude inventories US crude oil inventories moved sharply lower in the week ended Oct. 30 as hurricane-blunted production was met with rising refinery demand, US Energy Information Administration data showed Nov. 4.
US ELECTIONS: Potential split US government puts energy policy in agencies' court With major national election outcomes still in flux Wednesday morning, energy lobbyists and policy analysts were parsing the potential for divided government to dampen energy policy shifts, even if Democratic presidential contender Joe Biden ultimately prevailed.
US diesel markets shoot past one-year highs amid tight supply Chicago diesel markets reached multi-year highs Nov. 4 and the Gulf Coast surpassed a one-year high as stocks continued to draw and refineries recovered from hurricane aftermath.
Shipping industry should consider nuclear option for decarbonizing: experts Stakeholders in the maritime industry are consider increased uptake of nuclear power as one of its choices as it strives to meet decarbonization targets mandated by the International Maritime Industry, according to industry observers and participants.
OIL FUTURES: Price rally extends as supply outlooks tighten following US crude draw Oil futures settled higher Nov. 4 as the market eyed tightened supply outlooks following a US inventory draw and the possibility of extended OPEC+ production cuts.
ARGENTINA DATA: Diesel, gasoline sales fall in September on lockdown Argentinian diesel and gasoline sales dropped year on year for a sixth straight month in September, yet gasoline demand recovered on a month-on-month basis as a loosening of coronavirus lockdown revived demand, Energy Secretariat data showed Nov. 4.
ARGENTINA DATA: Crude exports rose in September on year Argentina's crude oil exports rose 32.1% in September year on year, as a sluggish recovery in the country's oil demand encouraged producers to sell more abroad, Energy Secretariat data showed Nov. 4.
Brazil to sell Campos, Santos offshore areas in Open Acreage bid round Brazil will sell exploration and production concessions in the offshore Campos and Santos basins that are home to much of the country's oil output at the upcoming Open Acreage sale, the National Petroleum Agency, or ANP, said in a statement Nov. 4.
Brazil's Petrobras puts 28 oil fields, gas plant in Bahia up for sale Brazilian state-led oil company Petrobras continued to expand the company's $20 billion-$30 billion asset sales program, launching the sale of 28 onshore concessions, related export infrastructure and a natural gas treatment facility in Bahia state, Petrobras said in a prospectus released Nov. 4.
OIL FUTURES: Overnight rally holds as US inventory draw meets expectations **US commercial stocks decrease by 8 mn barrels **Hurricane Zeta encouraged stocks draw
S Korea's Hyundai Motor to supply 4,000 hydrogen trucks to China by 2025 South Korea's Hyundai Motor Co. will supply 4,000 hydrogen-fueled trucks to China by 2025, the vehicle maker said Nov. 4.
REFINERY NEWS: S Africa's Cape Town refinery still shut amid rising product demand S Africa's Cape Town refinery still shut amid rising product demand
Evolve or die: US refiners grasp renewables lifeline to stay viable Once the scourge of the US refining industry, some refiners are now looking to renewable fuels to help their bottom lines and keep their facilities operational.
Japan's ENEOS cuts weekly wholesale oil product prices by Yen 2,000/kl: sources Japan's largest refiner ENEOS has cut the weekly domestic wholesale base prices of its five major rack petroleum products by Yen 2,000/kiloliter ($3.03/b), market sources told S&P Global Platts Nov. 4.
NWE 0.1% gasoil at five-month high on lower refinery rates, Africa exports Northwest European 0.1% gasoil value has hit a five-month high, supported by tighter supply of higher sulfur and density products after refineries reduced production and with a large volume exported to Africa, source said.
Russian Novorossiisk's Nov. gasoil, ULSD exports at 636,000 mt The November gasoil and ultra low sulfur diesel export program from the Russian Black Sea port of Novorossiisk is scheduled to total 636,000 mt, according to a copy of the loading program seen by S&P Global Platts Nov. 4.
US ELECTIONS: Host of energy issues settled, but counting continues for president The winner of the White House and control of the US Senate remained unknown early Nov. 4 as mail-in ballots continued to be counted, but implications for energy and commodity markets unfolded in local and state races across the country.
FUJAIRAH DATA: Oil product stockpiles rebound from 13-month low **Middle distillates set record high on June 1 **Fujairah 0.5% sulfur marine fuel $8/mt lower than Singapore **Total stockpiles up 9% so far in 2020
Platts MOC Singapore fuel oil swap trades fall 6% in October **Inter-month spread trades up amid volatility at end of month **HSFO trades inch down on-month
Neste to buy Bunge's oil, fat processing plant in Rotterdam for Eur258 million "The acquisition of the refinery plant supports our global growth strategy in renewables," Neste CEO Peter Vanacker said.
OIL FUTURES: Crude rises on OPEC+ news, API data, as market eyes US election Sources told Platts Nov. 3 that if prices remain weak, the OPEC+ coalition could even revert back to its May-August quotas.
Singapore Marine Fuel 0.5%S/Dubai crack strengthens to six-month high on tightening supply "Cargo inflow from the West is about 2 million mt in November. Stocks can go down by 500,000 mt during the month," said a fuel oil trader.
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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