Shallow-draft Caspian Sea AHTS duo will feature Schottel propulsion Spay, Germany, headquartered propulsion specialist Schottel is to supply a total of eight propulsion units to Turkey's Atlas Shipyard. They will be installed in two Anchor Handling Tug Supply (AHTS) vessels, ordered
HHI wins DNV GL approval for new VLCC concept DNV GL has granted South Korean shipbuilder Hyundai Heavy Industries (HHI) a general approval for ship application (GASA) for a new concept for very large crude carriers (VLCCs) with a centerline oil-tight
NTSB issues final report on deadly USS Fitzgerald collision In its just released final report on its investigation of the June 17, 2017 collision between the USS Fitzgerald and the containership ACX Crystal, the National Transportation Safety Board determines that the
Remote commissioning enables Mitsubishi Shipbuilding to complete scrubber retrofits Mitsubishi Shipbuilding reports that its DIA-SOx scrubbers have been successfully installed on 22 ships of three vessel types in the past eight months. Despite COVID-19 restrictions, Mitsubishi Shipbuilding was able to complete
Latest E-Flexer has added passenger capacity Delivered September 3 by Chinese shipbuilder CMI Jinling (Weihai), the Galicia is the third of nine E-Flexer RoPax vessels on order at the yard for StenaRoRo. It is the first of three
C-Innovation ROV completes Mad Dog stem clamp installations Edison Choest Offshore affiliate C-Innovation, LLC (C-I) has completed the installation of several stem clamps for BP beneath the Mad Dog Spar in the Gulf of Mexico, utilizing its subsea inspection, maintenance
Ten Jacksonville firefighters injured in Hoegh Xiamen blaze file lawsuit In a suit filed in the Duval County, Florida, Circuit Court on September 1 by law firm Pajcic & Pajcic, ten Jacksonvile Fire and Rescue employees are seeking damages for injuries, including
Greek owners curb Venezuelan oil shipments, keeping exports at 80-year low Greek-owned tankers are still shipping Venezuelan crude, but in much smaller volumes and only to European or Indian refineries, as...
KPI OceanConnect merger focuses on bunker partnerships Chief executive officer Søren Høll believes shipowners are seeking closer partnerships with their bunker suppliers as the short-term and long-term challenges...
CMA CGM earnings boosted by capacity discipline CMA CGM joins the list of carriers, including Maersk, Hapag-Lloyd and Zim, to report a significant earnings lift for the...
Second survivor found from missing livestock ship Four Japanese patrol ships continue to search for the missing crew members. The ship is said to have capsized in...
Malta must take the Maersk Etienne asylum seekers Maersk Etienne and its crew upheld the law of the sea, at Malta's behest, when it came to the aid...
Clock ticking down on Brexit preparations, ports warn Transport professionals are increasingly concerned that plans for the UK's departure from the European Union are not where they need...
Dry bulk freight futures almost on par with spot rates The seasonality effect of a typically strong fourth quarter should provide tailwinds for the capesize market, according to US-based Breakwave...
The week in charts: Promising US port throughput, shipbuilding outlook Imports at leading US ports suggest consumer demand for goods is bouncing back, although export numbers still lag behind year-ago...
The Lloyd's List Podcast: Panama's powerhouse in a pink hard hat The Panama Canal has certainly taken a hit from the coronavirus backdrop. But the consequences have not been as severe...
US issues more sanctions over alleged links to Iranian fuel exports Washington has imposed financial sanctions on 11 entities based in Iran, China and the UAE over alleged violations of a...
How the world's top 10 ports fared over the past decade Lloyd's List charts the story of the throughput totals at the world's top 10 container ports over the last decade...
One dead on burning VLCC off Sri Lanka One of other crew members who was injured had suffered serious burn injuries and was taken to hospital on land
Daily Briefing Free to read: OOCL linked to more supersized newbuilds | Missing livestock carrier: Survivor says vessel sank in typhoon | DP...
Capacity management will be the new norm for container shipping Changing patterns of consumption are driving up demand, but the effect will be temporary as warehouses are restocked and the...
Eastern Pacific Shipping nets BHP dual-fuel bulker charter The company is leading the way in providing tonnage that can help charterers meet their sustainability goals and has found...
NYK working on ammonia-fuelled tug project Ammonia is regarded as one option for next-generation marine fuel. It may assist international shipping to reach the IMO's 2050...
US container throughput rebounds in July on stronger import volumes The ports' improved performance is underpinned by figures announced on Thursday by the US Census Department, which said imports grew...
FreightWaves Flashback 1955: Frozen food without refrigeration 1955: Florida fruit and vegetable growers may find boon in "super-chill" box.
3PLs prepare to catch Damco shippers jumping ship A.P. Moller-Maersk's recent announcement that Damco will no longer exist as a separate brand is expected to drive some shippers into the arms of others.
CMA CGM posts strong Q2 profits, predicts even stronger Q3 CMA CGM bonds that traded at 55 cents on the dollar in March are now trading near par.
Mexico once again No. 1 US trade partner The ongoing US-China trade spat and subsequent US tariffs on $500 billion of Chinese goods has catapulted Mexico back to No. 1.
Widespread power outages among obstacles to speedy US Gulf Coast LNG recovery Sempra Energy's Cameron LNG terminal could be offline for an indefinite period based on reports from the operator and shipping officials about the continued lack of power and other services in the Lake Charles, Louisiana, area following Hurricane Laura.
ARGENTINA DATA: July diesel, gasoline sales fall on year amid lockdown Argentina's diesel and gasoline sales dropped for a fourth straight month in July, year on year, as an economic lockdown to stem the spread of coronavirus continued to restrict road traffic, Energy Secretariat data showed Sept. 4.
European refiners to see more consolidation after pandemic: conference delegates More consolidation is expected across the European refining system following the coronavirus pandemic from operators that were already facing flat or weaker demand and an increase in competition from additional Asian refineries, according to S&P Global Platts European Refining Virtual Conference delegates.
OIL FUTURES: WTI slides nearly 4% as market eyes weakened demand outlooks Crude oil futures prices fell further Sept. 4, with front-month contracts settling near two-month lows as global demand outlooks dimmed following a mixed US jobs report.
REFINERY NEWS: Indonesia's Pertamina to skip LSFO exports from Balikpapan for Sept Indonesia's Pertamina to skip LSFO exports from Balikpapan for Sept
Pakistan August oil demand up 21% on year as industrial activity bounces back Pakistan's oil consumption rose by 21% year on year to 1.555 million mt in August, official data showed, a sign that industrial activity and transport demand is picking up after the easing of the lockdown that was imposed to battle the spread of coronavirus.
CHINA DATA: Independent refiners prefer bitumen blend reducing appetite for heavy crudes China's independent refineries continued to prefer bitumen blend imports in August that has dampened buying interest for heavy crudes, trading sources told S&P Global Platts on Sept. 4.
Gazpromneft expands presence in Asia with first marine lubricant supply in Hong Kong Gazpromneft Marine Lubricants has expanded its presence to a fifth location in the Asia-Pacific, selling its first marine lubricant in the port of Hong Kong on Sept. 3, the company said in a statement.
Eastern Pacific Shipping, BHP ink world's first dry bulk LNG dual fuel charter contract Singapore-headquartered Eastern Pacific Shipping has been awarded the world's first LNG dual fuel Newcastlemax bulk carrier contract by BHP as both companies advance their plans to curb their carbon footprint, EPS said.
Typhoon Haishen forecast to disrupt weekend bunkering in South Korea, Japan Bunkering at ports in western Japan and southern South Korea are expected to face distruptions from Typhoon Haishen from Sept. 5, market sources said.
Hapag Lloyd to add 2 sailings on trans-Pacific route in September German carrier Hapag Lloyd will offer two additional sailings on the trans-Pacific route in September, the company said Sept. 3, as soaring demand continues to drive prices higher.
IOC chartered fully laden VLCC still on fire; eight ships in salvage operations: Sri Lankan navy The fully laden Indian Oil Corp., or IOC, chartered super tanker is still on fire, and eight ships and tugs are trying to salvage the cargo and prevent an oil spill, a Sri Lankan navy spokesperson said Sept. 3.
Singapore's residue stocks drop 4% on week to 7-month low as exports jump Singapore's commercial onshore residue stocks fell 4% week on week to a seven-month low of 22.195 million barrels, or 3.5 million mt, over Aug. 27-Sept. 2, Enterprise Singapore data released on Sept. 3 showed, amid an increase in exports.
Singapore's jet fuel, gasoil stocks rise 12% on week to 9-year high Singapore's commercial stockpiles of jet fuel and gasoil have surged past the 16 million-barrel mark for the first time in nine years on the back of a 12% week-on-week jump amid strong inflows and limp regional demand.
ARA fuel oil stocks down 4% on week to 1.057 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub, as measured by Insights Global, fell 4% to 1.057 million mt in the week Sep 2.
Panama Canal Authority seeks 230,000 barrels of residual and bunker fuel for Miraflores power plant Panama Canal Authority seeks 230,000 barrels of residual and bunker fuel for Miraflores power plant.
Singapore physical 10 ppm gasoil crack hits record low on supply influx, demand headwinds The Singapore physical 10 ppm sulfur gasoil crack to front-month cash Dubai hit a record low on the back of a supply glut and weak regional demand, with the outlook likely to remain dim in the months ahead as high inventories continue to cap any upside, traders said.
Sustainability target an uphill task for shipping sector: conference The shipping industry has a steep climb ahead to meet sustainability targets, and technology and data analytics could play a part, participants at the Digital Container Summit 2020 virtual conference said this week.
Low priced WTI imports affecting oil-product yields in Europe European refiners processing more competitive light sweet crudes than North Sea grades, such as WTI and Saharan blend, has created imbalances in the product markets, sources say.
Philippines set to become battleground for S Korean, Chinese fuel suppliers South Korea is aiming to lift oil product exports to the Philippines following the permanent closure of the latter's Tabangao refinery, but competition from Chinese fuel suppliers would stand in the Korean refiners' way as they engage in battles for a bigger market share in the Southeast Asian outlet.
S Korea's low sulfur marine gasoil supply to increase as blendstock returns The available volume of low sulfur marine gasoil for sale in South Korea is expected to rise this month due to an increase in the supply of blendstock, light cycle oil, market sources said.
FEATURE: South Korea's Green New Deal faces cost, political hurdles South Korea, which relies on imports to meet all of its oil and gas needs, is making a push towards renewable and clean energy sources including hydrogen, but hurdles such as high costs and political uncertainty could slow progress.
Hong Kong's OOCL withdraws 9 October trans-Pacific sailings These blanked sailings fall on October 3, 4, 5, 6, 9, 10, and 17, which coincide with China's upcoming Golden Week holiday.
IOC chartered fully laden VLCC catches fire off Sri Lanka The engine room of the ship caught fire around 38 nautical miles from Sri Lanka's coastline but no oil spill has been detected so far.
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