Cyprus supports seafarers with formal crew changeover process The Cyprus Shipping Deputy Ministry (SDM) has formally announced a new process to facilitate crew changes during the COVID-19 pandemic. Crew changes for vessels are possible in Cyprus provided certain conditions are
Vard Electro Canada appoints new managing director Pierre Poulain has been named managing director of Vancouver, B.C., based Vard Electro Canada. He joins the company with 20 years of senior management and business experience, in the marine, engineering, and
All American launches first of two distinctive excursion vessels All American Marine, Inc. (AAM) has launched the first of two 80 foot x 27 foot aluminum catamarans for Great Western Attractions (GWA). The second sister ship is set to launch in
Locked-down Alfa Laval factory manages to up BWTS production Alfa Laval reports that its Aalborg, Denmark, site has adapted to restrictions imposed in response to the COVID-19 pandemic and is continuing production of PureBallast 3 ballast water treatment systems. The factory
Norwegian Cruise Line secures over $2 billion in added liquidity Easing many of the concerns raised in an SEC filing that we reported on earlier, Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) today reports that it has successfully secured over $2 billion
Iran sanctions: Feds charge two, move to seize $12.3 million of funds Iranian nationals Amir Dianat, 55, and Kamran Lajmiri, 42, were on May 1 charged with violating U.S. export laws and sanctions against Iran. In a two-count criminal complaint filed in the U.S.
Dorian LPG scores attractive financing double VLGC owner hails loan refinancing with lower interest and 'green' element, as well as Japanese sale and bareboat deal, despite...
Capital Product says charter market has been 'adversely affected' Pandemic has clearly hit the container charter market but it is 'too early' to predict extent of the damage, says...
Weekly briefing: Floating storage at record high; downbeat quarterly earnings The peak of the crude oil storage crisis may now be over as production cuts have come in 'harder and...
Containership denied port access after rescuing migrants Counsel for the ship's owner says the ship is stuck in political deadlock between Malta and Italy, which have shut...
Failing tanker charters dubbed an industry 'disgrace' Many owners of tanker tonnage are contemplating publishing a list that names and shames those charterers exploiting the time lapse...
Converted VLOCs will soon be a distant memory The fleet exit will have a limited impact on the overall capesize market, which has seen tonnage grow more than...
Scrapping volumes fall 40% as lockdown paralyses beaching and boarding Vessels over 10,000 dwt recycled over the January-through-April period this year totalled 4m dwt, down 42% from the same period...
Navios chief: 'This is a market where you have to be very flexible' Navios Acquisition profit soars in first quarter after stripping out impairment loss
Tomini chairman finds sweet spots in the dry market The chairman of Tomini Group has learnt during 40 years in the dry cargo business that a long-term approach and...
Hapag-Lloyd puts focus on costs to maintain liquidity A recovery in demand could be seen as early as the third quarter, says Rolf Habben Jansen
North Group to offer bluewater H&M cover International Group affiliate hires from Lloyd's market to staff new hull and machinery offering
Westports warns of challenging year ahead despite positive start 'The company does not expect container throughput to register an overall increase for the year' - group managing director Ruben...
LNG market seen flipping from surplus to shortfall Surplus spot cargoes made available at record low prices have drawn in new buyers who are not as inclined to...
Daily Briefing Free to read: Tightening bank credit to hold back oil recovery | Trade credit insurers brace for wave of defaults...
CSSC Shipping names new chairman Zhong's annual basic salary stands at about $120,000 plus a discretionary bonus determined by the company's board
Indian refiners seek floating storage to take advantage of contango Some 7m tonnes is currently in floating storage bought up by Indian refiners, according to oil minister Dharmendra Pradhan
Container line tests dangerous goods management platform The CARA platform enables partnering carriers to seamlessly exchange critical information about vessel schedules, special cargo applications, vessel operations performance...
Matson's outlook overshadowed by 'economic downdraft' It is predicted that for 2020 as a whole, visitor arrivals and visitor expenditure will fall more than 40% year...
ONE adds Oakland to Far East-Pacific service ONE plans a new weekly service operating 18 large boxships to Asia each with 14,000 teu capacity. This will include...
Inside the 'mind-blowing,' 'crazy,' 'insane,' 'ridiculous' tanker sell-off Are larger funds now heading for the exits and giving up on tanker stocks?
Drayage truckers ramp up chassis-rate dispute with ocean carriers ATA intermodal group alleges $1.8 billion in haulage overcharges
COVID-19 puts most of Hawaiian Air on standby The Honolulu-based carrier has used some passenger airplanes to transport face masks from China, as well as food and medical supplies between islands.
Amid COVID outbreak, freighter demand boosts ATSG in Q1 Air Transport Services Group is making money from its aircraft leasing and outsourced transportation businesses as express carriers and other customers seek more aircraft to...
Hong Kong marine fuel premiums rebound as demand moves away from Singapore Shipowners opt to take bunker fuel from the port given its attractive valuations instead of the bunkering hub of Singapore.
Backwardation in ARA gasoil barge market signals healthy demand: sources Sources attributing the trend to strong demand from consumers.
Scorpio tankers postpones 19 scrubber installations amid deteriorating economics Move comes as spread between 0.5% sulfur fuel oil and scrubber-worthy 3.5% S FO narrows.
Oil snaps upward streak as demand outlooks dim Overnight price rally fades ahead of the start of US trading.
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