SMM event postponed until February 2021 Originally set to take place in Hamburg September 8 to 11, the SMM international maritime trade fair has now been postponed to February 2 to 5, 2021 in response to the coronavirus
USACE dredge hits bridge, tender vessel sinks On April 21, the U.S. Army Corps of Engineers (USACE) Vicksburg District's dredge Jadwin allided with the Highway 190 bridge pier in Baton Rouge, La. As a result of the allision, the
Harken Towing to install Thordon RiverTough fleet wide Port Coquitlam, British Columbia-based Harken Towing, which has operations along the Fraser River, is converting its vessels' tailshaft bearings to Thordon's RiverTough bearing system following its success aboard the 47.7 foot twin-screw
Norwegian Cruise Line flags "going concern" risk A 14-page form 8-K filed with the SEC today by Norwegian Cruise Line's parent Norwegian Cruise Line Holdings (NYSE: NCLH) paints a grim picture of the impact of the coronavirus on the
MAN main engines chosen for giant Jan de Nul crane ship Shipbuilder China Merchant Heavy Industry (CMHI) has ordered six MAN 12V32/44CR main engines for the 5,000-tonne floating installation crane vessel Les Alizés ordered by the Jan De Nul Group (see earlier story).
VIDEO: Eastern lays keel for first Coast Guard OPC Face masks and social distancing were much in evidence when the Coast Guard and Eastern Shipbuilding Group (ESG) authenticated the keel for the first Offshore Patrol Cutter (OPC), Argus, at a ceremony
Crowley to install FleetXpress on a majority of its vessels Following successful trials on its Aframax tanker California in Alaska, and on the recently reflagged containership Rio Grande Express, which it manages, Crowley Maritime Corporation has agreed a contract to install Inmarsat's
Kirby reports red ink first quarter Despite taking a one-time tax benefit of $50.8 million from the CARES (Coronavirus Aid, Relief, and Economic Security) Act barge giant Kirby Corporation (NYSE: KEX) reported a net loss of $248.5 for
Trade credit insurers brace for wave of defaults Carriers are working with insureds and their customers to buy time and minimise insolvencies
Ince hires Hill Dickinson's shipping lead Clark will take global responsibility for Ince's practice sectors and client base, both in the UK and internationally
LNG spot market continues to decline Spot rates have dropped by as much as 10% during the past week and have lost half their value since...
Performance Shipping expects return to black The company has shed a substantial boxship fleet in the past three years and has acquired four aframax tankers.
FSL Trust profit doubles after vessel sales Seven-year absence of dividends comes to an end as net profit reaches $6.7m
English shipping law takes lockdown in its stride 'Much of our activity is business as usual... We have the ability to conduct virtual hearings and we have the...
From the News Desk: Global crisis exposes fragility of container shipping Before coronavirus, the focus of container shipping boardrooms was the International Maritime Organization's sulphur cap rules, decarbonisation and digitalisation. Now...
Norden sees increase in charterparty and operational risk Norden raises its full-year profits guidance to a range between $30m and $80m versus $30m-$70m previously
Tightening bank credit to hold back oil recovery Traders constrained by a lack of supporting credit face increasing challenges to buy cargoes for the purpose of future sales...
Spot rates obscure true picture of carrier turmoil Rates are being held artificially high by reductions in capacity, says BIMCO
Barents Sea naval drill designed to counter Russian claims 'In these challenging times, it is more important than ever that we maintain our steady drumbeat of operations across the...
Daily Briefing Free to read: Bahamas warns of crew repatriation 'challenge' | Seafarers report feeling 'trapped' and 'exhausted' | Global shipping fleet...
Muted new orders clouds Yangzijiang's prospects Revision comes after the Singapore-listed, China-based shipbuilder posted "weaker than expected" results in the first quarter of the year, a...
Russian LPG cargo heralds new trade lane to India In India demand for LPG, which is used mainly as a cooking gas, is likely to rise further because of...
CDB Leasing agrees $420m newcastlemax deal The new tonnage will be added to CDB Leasing's vessel portfolio, which has been expanding quickly in recent years
Investors dump tanker stocks just as tanker profits soar Public tanker owners post impressive earnings on an ugly day for tanker stocks.
Alaska Air wins by losing less Alaska Air lost $232 million on a net basis in the first quarter, but everything is relative these days and the loss doesn't look so...
Now profitable, ONE expands reefer fleet Singapore-based container carrier digs out from $586 million fiscal-year loss to report $105 million profit and procures 5,000 40-foot units.
Barge giant Kirby: signs of life but too soon to call bottom Kirby Corp pulls 2020 guidance but inland barge utilization is still strong at 90%.
More airlines gut passenger interiors for cargo Cargo in the hold, in the storage bins, under seats, on top of seats and with the seats removed. It's all happening. And now some...
Woodside issued LNG bunker licence at Australia's Pilbara port Australia's Pilabara Port Authority (PPA) has issued a ship-to-ship licence for LNG bunkering to Woodside Energy, the LNG Marine Fuel Institute said in a statement Tuesday.
ICE May Singapore HSFO futures open interest up 37% on month Open interest for May Singapore high sulfur fuel oil futures traded on the Intercontinental Exchange gained 37% on the month, exchange data as of end-April showed this week.
OIL FUTURES: Prices rally as production cuts mount Crude futures rallied Tuesday as more producers announced output cuts, while an easing of lockdowns was expected to bolster refined products demand.
Tanker owners see freight rates slump; charterers look to profit Talks surrounding dirty tanker conversions to the clean tanker market have quelled in light of the sharp dropoffs experienced in the latter.
INTERVIEW: Minerva Bunkering on expansion drive after bolstering Singapore presence Minerva anticipates to commence physical deliveries in Singapore within the next two-three weeks.
SGX Platts Marine Fuel 0.5% contract volume climbs amid higher freight volumes Activity over the first four months of the year totaled 385,000 contracts, up 9% year on year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
