Norwegian Cruise Line has no plans to shed any ships Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) today reported financial results for the second quarter ended June 30, 2020. The company's second-quarter GAAP net loss was $715.2 million or $2.99 per share
Tasmanian tour boat operator orders its eighth Incat Crowther vessel Tasmanian tour boat operator World Heritage Cruises has ordered its eighth Incat Crowther designed vessel. Currently under construction at the Richardson Devine Marine shipyard in Hobart, the 220 passenger, 35 meter long
Sandy Hook pilot dies after fall while boarding tanker The Sandy Hook Pilots Association says that at approximately 10.30 p.m. yesterday, pilot Captain Timothy M. Murray was involved in an incident while boarding a tanker vessel inbound to the Port of
Alaska Marine Lines upgrades four rail barges Four Alaska Marine Lines rail barges are getting upgrades that include new piping and ballast systems designed by Glosten with installation by Meridian Marine Industries. Using a patented rack system, the rail
Ecochlor receives IMO BWMS Code Type Approval North Haven, Conn., headquartered Ecochlor has received Type Approval from the Norwegian Maritime Authority (NMA) in accordance with the IMO BWMS Code (MEPC.300(72) / revised 2016 G8) standards. The new certification applies
Three ships idled in Australian ports as over-contract crew seek repatriation Crews on at least three ships in Australian waters have stopped working their ships following expiration of their contracts. The seafarers are bidding for repatriation as the crew change crisis caused by
Mike Ellis named American Commercial Barge Line CEO American Commercial Barge Line (ACBL) and its board of directors have named Mike Ellis, as the company's new CEO and a member of its board of directors, effective August 17, 2020. The
Japan's first dual LNG/VLSFO bunkering tanker launched Yokohama headquartered Ecobunker Shipping yesterday held a naming and launching ceremony for Japan's first bunkering tanker capable of ship-to-ship deliveries of both LNG and VLSFO (very low sulfur fuel oil).' Being built
NASSCO Norfolk awarded Navy contract worth potential $130.8 million General Dynamics National Steel and Shipbuilding Company - Norfolk (NASSCO Norfolk), Norfolk, Va., has been awarded a $106,923,080 contract for the execution of the USS Bataan (LHD 5) fiscal 2020 selected restricted
Fuel oil leaking from grounded bulker off Mauritius The capesize's owner Nagashiki Shipping says an oil boom has been deployed around the vessel
Genco makes strides in repatriation of seafarers The company has a favourable outlook for the dry bulk market due to an all-time low orderbook to fleet ratio...
Incidents of shipping detention in decline Comoros, Moldova, Tanzania and Togo recorded the highest number of bannings for the 2017-19 period
Weekly briefing: Beirut blast to impact containers; dry bulk sentiment rises The devastating explosion that destroyed much of the port infrastructure in Beirut is expected to have a lasting effect on...
Charterers lambasted for indifference to crews' plight Hajioannou is one of the first major shipowners to publicly call out charterers for being part of the problem rather...
Seafarers stop ships as crew crisis worsens ITF calls for action as ship crews begin to take up rights to stop working beyond contracted period
North's Yiacoumis to join Skuld in Piraeus Yiacoumis spent almost 18 years at the North of England P&I Association
Gulf of Mexico now a major piracy hotspot Budget cuts have led to slow navy responses and underreporting, a World Maritime University paper says.
Dry bulk market expects little impact from Beirut blast Lebanon imports 1.5m tonnes of dry bulk commodities per year, the bulk of which is grains, says Braemar
Yangzijiang Shipbuilding profit drops 17% in second quarter Chief executive Ren Letian says his company will stay close with clients 'in the seemingly darkest of times'
Beirut port officials detained as blast death toll rises Lebanon's government announced that a number of Beirut port officials were placed under house arrest within hours of the huge...
Emissions data point to bigger role for governments The study is the first to separate domestic and international shipping emissions
ICTSI first-half volumes plunge 11% on coronavirus impact Chairman and president Enrique Razon Jr sees Covid-19 as the major challenge for most businesses globally and expects that the...
Daily Briefing Free to read: Blast may have devastating impact on Lebanon's trade flows | Beirut explosion hits container links | Stored...
LNG shipping demand up in the air as traders enter market Many inquiries have come in for winter shipping requirements but charterers want shorter tenors than what shipowners desire, says Poten...
Pacific Basin chief urges governments to allow crew changes The onus is now on governments, which need to take some concrete steps amid constantly changing quarantine measures and lack...
OOIL's former chief executive makes comeback Huang, also a vice-president at Cosco Shipping, has nearly 40 years of experience in container shipping
Baseball team's lawsuit aims to 'dismantle the port of Oakland' A broad coalition of members of Oakland's maritime community claim the proposed ballpark and housing development is incompatible with a...
FSL Trust agrees sale of remaining container fleet FSL Trust did not disclose the price achieved for the ships but said it has received the initial 10% deposit...
Japan launches first LNG-VLSFO bunker tanker Tanker is owned by a joint venture of Sumitomo Corp, Yokohama-Kawasaki International Port Corp and Uyeno Transtech
Airbus orders in 2020 cut in half by COVID-19 Airlines are saving every penny possible and with so few people traveling they don't need more airplanes. That's hurting sales at Airbus and Boeing.
How are tankers coping with floating-storage hangover? Euronav and Scorpio Tankers highlight attractive fundamentals after floating storage wraps up.
Sandy Hook Pilots captain dies in fall Timothy M. Murray had guided vessels in and out of the Port of New York and New Jersey for more than eight years.
Cargo planes head to Beirut with relief supplies Beirut is in a state of emergency following a giant chemical blast. Governments are sending cargo planes with basic necessities to help the survivors.
Port of Beirut explosion forces diversion of vessels Container carriers are rerouting goods and assessing damage following Tuesday's blast.
Atlas Air capitalizes on transport shortages for big Q2 profit gain Atlas Air Worldwide's big cargo planes have been in flying full tilt since the novel coronavirus metastasized in March. Combine that with high rates and...
Enstructure acquires bulk terminal at Port Canaveral Multipurpose marine terminal operator Enstructure says the purchase of Ambassador Services in Port Canaveral establishes its presence in U.S. Southeast.
US Crude exports to Asia set to grow amid flurry of fixture activity US crude exports to Asia have climbed over the past two weeks, and are expected to remain strong as low tanker rates have helped spark a flurry of VLCC fixtures, S&P Global Platts data showed Aug. 5.
Naphtha East-West spread surges to 2-month high on weaker market in Europe The September naphtha East-West spread - the premium of the CFR Japan naphtha cargo swap over the CIF NWE equivalent - rose $2.75/mt day on day to a two-month high of $22/mt at the Aug. 5 Asian close as a weak European market and a balanced Asian market widened the spread and opened up opportunities for more European naphtha to head eastwards.
After nearly 20 years, India oil demand slipping into the red Hopes India's oil demand will recover in the second half of the year is fading fast as provinces implement partial lockdowns to battle the coronavirus pandemic, prompting refiners to start planning for lower crude runs to prevent a problem of plenty at home.
Weaker dollar, US crude draw push oil higher despite economic headwinds Oil futures settled higher Aug. 5 as a weakened US dollar and large US crude draw offset weak US employment data.
Crude slips from five-month high as demand outlook remains uncertain Crude oil futures were seen falling from five-month highs in European late morning Aug. 6 as sentiment was weighed down by the realization that oil products demand remained weak and the easing of OPEC+ cuts may have been premature.
HSFO Baltic Sea exports to US near 50% of total in July Nearly half of all HSFO product from the Baltic Sea has been making its way across the Atlantic, according to new data.
Crude rallies on US jobless data Oil futures rallied in early US trading Aug. 6 on the heels of lower-than-expected US weekly unemployment data.
Lufthansa eyes return to 70% of long-haul flight capacity by end-2020 Lufthansa Group plans to return to 95% of the prior-year capacity for short- and medium-haul routes and to 70% of capacity for long-haul routes by the end of the year, while looking forward it doesn't expect demand for air travel to return to pre-crisis levels before 2024 at the earliest, the company said on its website Aug. 6.
External: Global Risk Management
April-July container volumes at 12 major Indian ports fall 28% on year For the month of July, cumulative container volumes at 12 major Indian ports fell 15.4% year on year to 750,000 TEU.
Ecobunker launches new LNG bunker vessel in Japan Ecobunker Tokyo Bay is a multi-bunkering vessel capable of both ship-to-ship LNG and VLSFO bunkering.
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