Chantiers de l'Atlantique orders giant gantry crane French shipbuilder Chantiers de l'Atlantique has placed an order with Hyvinkää, Finland, headquartered Konecranes covering the delivery of a Goliath gantry crane. It will have a lifting capacity of 1,050 tons, with
Royal Caribben boosts liquidity, withdraws guidance Royal Caribbean Cruises Ltd (NYSE: RCL) today reported that due to the spread and recent developments related to the COVID-19 outbreak, the company has increased its revolving credit capacity by $550 million
Coronavirus takes toll on Port of L.A. cargo volumes The Port of Los Angeles moved 544,037 Twenty-Foot Equivalent Units (TEUs) in February, a 22.9% decrease compared to last year. "While cargo volumes are important, the coronavirus is first and foremost a
ABB systems picked for giant Japanese wind turbine installation jack-up ABB advanced power and control systems have been chosen for a giant self-elevating wind turbine installation vessel (WTIV) under construction for Japan's Shimizu Corporation by shipbuilder Japan Marine United. According to Shimizu,
Ribcraft books $43 million Navy contract Marblehead, Mass., based Ribcraft has been awarded a five-year indefinite quantity U.S. Navy contract worth up to $43 million. Under the contract, Ribcraft will build and deliver an estimated 48 11-meter expeditionary
Grand Princess: Florida couple sue Princess Cruises Yesterday, as they do every day, the San Francisco Bar Pilots assumed navigational command of a ship and safely brought it to the Port of Oakland. What was different this time round
CMA Shipping to go ahead The organizers of CMA Shipping say that this year's event will go ahead, as planned, at the Hilton Stamford Hotel, Stamford, Conn., March 31- April 2. "Our number one priority is the
Italian ports exempted from coronavirus lockdown, as owners roll out business continuity plans 'Most Italian shipping companies - the major ones especially - have in place plans that allow employees to work remotely. They will...
From the News Desk: How will an oil price war impact shipping? The value of Brent crude has slumped by more than a third since the Organisation of the Petroleum Exporting Countries...
Japan LNG spot rates plummet Spot rates record lowest rate since data became available in March 2014
Growing calls for industry to tackle biofouling There are no international biofouling regulations and no standardisation on hull cleaning. And yet the cost to vessel performance and...
Saudis in VLCC chartering spree as oil war escalates Oil companies race to book tonnage as the oil price war between Russia and Saudi Arabia escalates in a battle...
Box terminals face regulation if they fail to decarbonise Terminals need to plan to have low- or zero-emission equipment in place by the end of this decade
Oil trader Vitol's diesel-laden VLCC sails for Rotterdam Newbuilding tanker trading clean on first voyage after loading in Malaysia
Tanker markets lift off as crude price plummets Both physical and paper crude tanker rates for routes to Asia jumped on Monday as the plunge in crude prices...
Coronavirus spread threatens further pain for container terminal sector Despite being more protected from a slowdown than the shipping sector, container terminals are facing tough times
Indonesian port bans foreign crew coming ashore Ban extends to all foreign vessels and not just those with Chinese crew as the disease spreads rapidly globally
Clipper buys Klaveness' Bulkhandling pool Clipper Group says 'this is the time to join pools' as seasonal lows and coronavirus created a historically low dry...
Evangelos Marinakis announces he has been hit by coronavirus The Greek shipowner said he feels 'good' and is taking all the necessary measures
Cheaper fuel will not push minor bulk players to speed up Suggestions that supramax and ultramax vessels will stop slow steaming and upset the market balance have been discounted
Daily Briefing Free to read: Floating storage economics improve as oil contango widens | Terminals axe shore leave as coronavirus alarm mounts...
Chinese firms likely to seek wriggle room in LNG offtake arrangements While Chinese buyers may be loath to give up long-term offtake arrangements given an apparent lack of alternative contractual structures...
Extended oil price war to cloud tanker prospects despite rate surge Poten says the future is still anyone's guess on whether Saudi Arabia and Russia might come back to the negotiating...
DCSA releases cyber-security guide Best-practices build on BIMCO guidance to give practical steps to reduce cyber-risks
Pavilion Energy signs new five-year lease for SLNG tank Access to tank capacity at the terminal is expected to facilitate more LNG spot trades, a joint statement on the...
Grand Princess passengers start disembarking as coronavirus-infected cruiseship docks in Port of Oakland Some 23 people who needed acute medical care had been taken off the ship by late Monday afternoon, but it...
Coronavirus could have bigger-than-expected impact on US container imports Products are now flowing again as factories in China continue to come back online, but there are still 'issues' affecting...
US investment firm to boost Dutch Caribbean island as oil entrepôt US mainland ports currently do not have the 75 ft draft required by fully loaded VLCCs, but the St Eustatius...
Coronavirus: NY Port Authority boss tests positive Cotton is one of the most senior US officials yet to contract the virus
COVID-19 exposing funding shortfalls at U.S. ports Congress told Coast Guard budget should be doubled over next decade.
CBP grounds $1.8 million cocaine shipment at San Juan Airport Airforwarders Association Executive Director Brandon Fried said minimizing threat of illegal drugs requires freight forwarders to "know your customer."
Coronavirus is decimating IMO 2020 ship-scrubber savings Ship scrubbers no longer equate to big savings on fuel costs. Is this only temporary?
Career Tracks: OmniTRAX hires economic development director Global law firm HFW and Southeastern Freight Lines announce promotions.
Greek shipping, soccer magnate contracts coronavirus Like Port Authority of New York and New Jersey Executive Director Rick Cotton, Evangelos Marinakis may have come into contact with scores of people.
Biodiesel output surged in December on higher exports Argentina's biodiesel production shot up 54.1% in December year on year, as exports nearly doubled, while ethanol output fell 3.5% over the same period despite increased demand for the gasoline additive, a report from the Energy Secretariat showed Tuesday.
European outright refined product prices drop to lowest in over three years European refined products markets saw their most precipitous losses since 2016 on Monday, as buyers and sellers tried to make sense of the collapse in talks over crude oil production cuts between OPEC and its partner nations, most notably Russia.
US FERC ends consideration of new oil pipeline rate system The US Federal Energy Regulatory Commission Thursday ended consideration of a potential overhaul of how oil pipelines set their rates, a decision welcomed by pipeline owners who want to keep the current indexing system that allows annual rate increases.
Weak straight-run fuel oil demand shrinks Singapore viscosity spread in March Weak demand for straight-run fuel oil has caused the spread between Singapore 180 CST high sulfur fuel oil and that of 380 CST high sulfur fuel oil, otherwise known as the viscosity spread, to contract so far in March, traders said this week.
Rebound in margins a sweet illusion for Asian crude producers as demand remains weak Recovering product margins in the wake of Monday's plunge in crude oil benchmarks will likely prove a sweet illusion for Asia's low sulfur crude oil producers, with traders noting Tuesday that demand in the region remains weak amid the continuing spread of the coronavirus.
EU carbon prices show resilience as relative safe haven: analysts European carbon allowance prices have emerged as a relative safe-haven among the commodities amid a collapse in major asset classes including crude oil and equities as the markets fret over oversupply by major oil producing countries and the impact of the coronavirus' spread.
Plunge in Asian jet fuel prices unlikely to spur demand, but some upside seen for gasoil: traders While both Singapore gasoil and jet fuel prices tumbled to four-year lows Monday amid free-falling crude oil values, this was expected to have little impact on demand for jet fuel and spur some optimism for co-distillate gasoil, market sources said Tuesday.
Prices up more than $2/b on hopes of possible OPEC+ deal Oil futures prices remained up and steady Tuesday, potentially on indications of another possible OPEC+ agreement, following Monday's historic decline.
Prices settle about 10% higher, bouncing after historic decline Oil futures prices settled roughly 10% higher Tuesday, rebounding following Monday's historic collapse, on the prospects of renewed OPEC+ production cut talks and reports the Trump administration was considering a financial bailout for US oil and natural gas producers.
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