Modly out as row over fired carrier commander escalates Today, Secretary of Defense Dr. Mark T. Esper accepted the resignation of Acting Secretary of the Navy Thomas Modly and announced that he is appointing current Army Undersecretary Jim McPherson as Acting
Textron awarded $7.2 million mod to SSC contract extron Inc., New Orleans, La.,has been awarded a $7,261,214 modification to a previously-awarded contract for landing craft, air cushion special studies, analysis and reviews under the Ship-to-Shore Connector (SSC) program. Work will
McAllister Towing takes delivery of Tier IV tractor tug New York City headquartered McAllister Towing has taken delivery of its latest tractor tug, the Eileen McAllister, from shipbuilder Washburn & Doughty of East Boothby, Me. Powered by twin 3516E Tier IV
Double ended ferry to be retrofitted with Schottel EcoPellers Spay, Germany, based propulsion specialist Schottel reports that its successful Schottel Rudder EcoPeller (SRE) is set to be installed in a retrofit project for the first time. Norwegian ferry operator Torghatten Trafikkselskap
Seatronx launches sunlight-readable river radar display Las Vegas, Nev., based Seatronx, has launched a sunlight-readable river radar display designed for river-based commercial vessels. The Seatronx RRD-19T features a 19-inch display with portrait orientation designed specifically for river radar
USNS Comfort will now be used to treat coronavirus cases In a change from original plans, the hospital ship USNS Comfort will now be used for COVID-19 patients providing an additional 1,000 beds, staffed by federal personnel, to care for patients in
Total to charter in LNG-fueled VLCC duo from AET French energy giant Total has signed a pioneering agreement to charter in its first two 300,000 dwt LNG dual fueled VLCCs from Malaysian-based tanker operator AET. The two ships set to join
Class societies add staff layoffs to coronavirus cutbacks While two of the largest class societies have started to cut back on staffing temporarily, most others are adamant they...
From the News Desk: Does coronavirus threaten shipping's green push? With all meetings at the International Maritime Organization currently suspended, and the full effect of the coronavirus outbreak yet to...
US exporters hit out at punitive charges Agricultural export organisations say detention and demurrage fees are 'abusive'. But box lines say a politicisation of the debate will...
Slow steaming may cut insurance claims 'Parallel development is no proof of a causal connection between the claims frequency and the vessels' speed, but nevertheless an...
Grimaldi warns against unfair state support for struggling shipowners Emanuele Grimaldi says he is not opposed to state intervention in such difficult times, but stresses that any financial aid...
Crude tanker rates plunge 25% as demand picture clears The falls reflect uncertainty about prospects for tanker demand if Russia and Saudi Arabia agree later this week to curb...
Box lines turn to airfreight to help fight pandemic Carriers are using their logistics network skills to fly in medical equipment
IMO faces call not to delay decarbonisation processes NGOs seek assurances from the IMO secretary-general that the regulator will stick to its decarbonisation efforts despite coronavirus disruptions
Bibby HydroMap in administration KPMG takes over as administrator and most of the company's 108 staff have already been made redundant
Golden Ocean names Ulrik Andersen chief executive Mr Andersen starts his new role on April 14
Maintaining the flow of goods is essential to tackle crisis 'Even as the crisis upends daily life, people continue to have basic needs for food, medicine, and other supplies'
Casualties more likely where and when insurers intuitively expect Nordic trade association now using AIS data to factor in geographical location of claims for the purpose of its statistical...
Force majeure declared at Kolkata port A Kolkata port trust employee has tested positive for the virus
Daily Briefing Free to read: Oil production curbs arrest surge in floating storage charters | Ferry operators call for bailout as crisis...
Kuehne + Nagel launches platform for intra-Asia shippers The intra-Asia trade is a highly dynamic and fragmented market, which makes it challenging to find the best options
Cosco, SIPG and Tesla in blockchain test Platform operator CargoSmart says it will expand the project with more carriers at other ports
Singapore's leading yards exempt from virus-led suspension Keppel Offshore & Marine and Sembcorp Marine have been classified as providers of essential services by the Ministry of Trade...
Swiber receives interest from investor Swiber cautioned that there is no certainty the deal will go through
Höegh LNG to cut up to $11m in costs The company is finding that the coronavirus crisis is unprecedented in scale and uncertainty. Against this backdrop, the board and...
San Pedro Bay ports focused on 'crisis of historic proportions' Despite uncertainty about future demand, the two port directors are still making efforts to see that equipment is repositioned as...
US regulator to investigate supply chain Congestion and bottlenecks at ports and other points in the nation's supply chain pose a serious risk to the growth...
Blanked sailings to increase equipment shortages Network imbalances threaten to bring more misery for shippers trying to export
Commentary: Maintaining flow of goods essential during battle against COVID-19 World Shipping Council issues reminder that seafarers are the backbone of international supply chains.
Lufthansa decommissions aircraft, predicts recovery will take years Tough times call for drastic measures and Lufthansa sees the writing on the economic wall. It's wasting no time shrinking for a smaller future.
CargoMetrics data reveals resilience of ocean trade (so far) Plunging demand on land has yet to be fully felt by ocean shipping
Pandemic linked to Long Beach drop in cargo, rise in canceled calls "The coronavirus is delivering a shock to the supply chain," said port chief Mario Cordero.
Customs brokers applaud US Customs keeping borders open to cargo Members of the Washington, D.C.-based National Customs Brokers and Forwarders Association of America interviewed by American Shipper this week generally praised CBP for permitting the...
Pandemic forces Boeing, Airbus to shut down aircraft plants Boeing waited much longer to close its South Carolina plant than ones in Washington. Airbus has closed more facilities, while others continue to operate.
Alaska, American cut more capacity as airlines try to preserve cash Airlines are bleeding money, but a requirement that they give cash refunds for canceled flights could make things worse. Airlines are cutting more of their...
Industry members flock to maritime agency's supply chain innovation teams The U.S. Federal Maritime Commission said there has been no shortage of container-shipping industry members willing to participate in its initiative to identify ways to...
Crude prices drop late on EIA data, impatience over OPEC+ progress Crude futures prices dropped sharply late Tuesday after federal data projected only modest US production cuts in 2020 and impatience grew over an apparent lack of progress in a broader OPEC+ deal to scale back volumes.
US high sulfur gasoil prices fall on vanishing marine fuel demand The cash price for New York Harbor high sulfur gasoil fell Tuesday to its lowest level on record, pressured by a lack of storage and low demand in marine fuel markets.
World set for long term oil demand destruction from coronavirus, Goldman's Currie says Permanent changes to social behavior in the wake of coronavirus lockdowns are likely to hit long term oil demand forecasts and accelerate the shift to cleaner fuels but may be more modest than some forecasters predict, according to Jeff Currie, the global head of commodities research at Goldman Sachs.
Argentina approves Equinor farm-in to offshore block with YPF Argentina's Energy Secretariat said Tuesday it has approved a deal allowing the country's state-backed energy company YPF to farm Norway's Equinor into an offshore block in the South Atlantic, where both companies have said they see potential for oil finds.
Gulf OPEC states turn on the taps to get head start in market share war OPEC's core Gulf countries of Saudi Arabia, the UAE and Kuwait appear to have wasted no time in ramping up their crude production after the breakdown of talks with Russia over a new supply accord last month.
Surplus ULSD auction scheduled for Wednesday: Colonial Colonial Pipeline will hold its third ULSD surplus auction of the year Wednesday morning, it said in a notice Tuesday.
Global refinery runs seen down 14 million b/d this week on coronavirus pandemic Global refiners entered the second quarter with expectations of lower runs to balance product supply with demand as many margins slip into negative territory as the coronavirus pandemic continues to spread throughout the world, an analysis from S&P Global Platts showed Monday.
UAE bans MSC Joanna for one year for allegedly carrying non-compliant HSFO: FTA The UAE's Federal Transport Authority-Land & Maritime has banned the vessel MSC Joanna from its waters and ports for one year after it allegedly sailed out of Jebel Ali Port carrying more than 700 mt of high sulfur fuel oil in violation of a carriage ban imposed on March 1, according to a notice on the Fujairah port website.
External: Global Risk Management
Persian Gulf-Japan VLGC rates fall to 1-year low, but rebound expected As the Indian market is swooping most of the cargoes, end-April and May looks to be the same, a source said.
S Korea to reduce sulfur content in bunker fuel for coastal ships by Dec 2021 "As the Korean coastline is not very long, it is efficient to use MGO [marine gasoil]," a bunker trader in South Korea said.
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