VIDEO: AWO highlights industry's response to COVID-19 AWO has released a video highlighting the role played by the tugboat, towboat and barge industry in helping America navigate the COVID-19 pandemic by keeping essential goods and cargoes moving. "The men
Danfoss Editron powers first emission-free vessels on China's largest artificial lake Two electric workboats carrying out water control testing and engineering duties on China's Miyun Reservoir are the first emission-free vessels to operate on the 180-square mile artificial lake, which is Beijing's primary
Seaway ports see cargo volumes set for rebound While St. Lawrence Seaway cargo volumes decreased during the past two months due to economic shifts related to COVID-19, the Chamber of Marine Commerce reports industry leaders as saying that the Seaway
VIDEO: Alfa Laval launches PureSOx Express For vessels in the 40,000-65,000 DWT size range, such as handymax bulkers or product tankers, the cost of installing a SOx scrubber has sometimes outweighed the benefits. Now Alfa Laval is offering
VIDEO: Five steps to take to protect seafarers' mental health Protection & Indemnity (P&I) insurers American Club and Eagle Ocean Marine are urging the industry to step up care of seafarers' mental health. They have just released a video giving advice on
Navy mobilizes reservists to public shipyards Faced with an aircraft and submarine maintenance backlog at its four public shipyards, the Navy is mobilizing 1,629 reservists to the yards starting in July. The backlog has developed due to the
Shipowners review Venezuela calls as US sanctions bite Increasing scrutiny of US authorities regarding shipping in Venezuela has some owners apparently reconsidering their options
Thomas Miller appoints shipping veteran as Hamburg chief Predecessor leaves to pursue other interests
ITF calls for regulatory constraints to maintain competition Report offers recommendations for promoting efficiency and environmental protection
Shipping needs help to achieve green targets Webinars on future fuels raise more questions than answers. That is because the industry remains uncertain whether commercial viability is...
Call for shipbuilding contracts to specify obligations 'It will be more important to ensure there is clarity about whether or not arbitration must be commenced prior to...
TEN locks in tankers during market surge The tanker and liquefied natural gas carrier owner first quarter of the year revenues reached $178.9m, up by 21.7% from...
Hong Kong introduces tax incentives for shipping lessors Policy makers have fulfilled their pledge to bring in tax breaks that could brighten the city's prospects as both a...
How wholesome food is critical to mental health at sea Good food for seafarers is not about putting everyone on a diet, says MCTC managing director Christian Ioannou. It is...
Digitalisation and collaboration combine to fight coronavirus Knut Ørbeck-Nilssen believes there is a new spirit of collaboration abroad in what is normally considered a highly fragmented industry...
Transition from classic tanker owner pays off for Maersk All 84 vessels owned by Maersk Product Tankers are for sale at any one time, as the shipowning side of...
Maersk tests buyer appetite for $900m-plus product tanker deal Maersk Product Tankers has been active in flushing out interest in a major chunk of its fleet, according to brokers...
Guidance issued on worker welfare at UK ports TT Club and British Ports Association provide risk assessment guidelines for managing workforces
Box lines push cost savings on to lessors and owners Container sector discipline is giving carriers a good crisis as pain is shifted elsewhere
Drone technology rises to next level in Singapore A memorandum of understanding has been signed with F-Drones for the last-mile delivery of 3D printed spare parts for Wilhelmsen's Marine...
Daily Briefing Free to read: Shipping struggles to overcome political inertia as crew change crisis starts to bite | Shipowners remain pessimistic...
Glenfarne Group acquires Magnolia LNG project in Louisiana The acquisition increases Glenfarne's liquefied natural gas export capacity to approximately 12m tonnes a year, with the additional 4m tonnes a year coming from the Texas...
Gazprom signs gas contract for new LNG facility The planned liquefaction capacity is 13m tonnes a year, with RusKhimAlyans receiving 45bn cu m a year of wet natural...
Mixed fortunes for California's container ports Long Beach Harbor Commission president Bonnie Lowenthal acknowledged that 'we aren't out of the woods', but said this is the...
Stena Bulk tanker prototype embraces multi-energy path The company plans to build tankers that come equipped with liquefied natural gas dual-fuel engines, plus options to adopt other alternative...
Rokke joins Aker Capital and Ocean Yield with joint venture Aker Capital will take a stake in seven Ocean Yield tankers in a joint venture
Shipping stocks wiped out in Wall Street's worst day since March Drop of nearly 7% in Dow wrecks everything in its path as investors spooked by Fed comments, virus spikes in US
'Influx' of tankers from floating storage pressure spot rates Vortexa data shows the VLCC, suezmax and aframax capacities used to store oil have been decreasing since end-May
Will Scorpio Bulkers ever trade at NAV after latest surprise equity deal? Two analysts debate the point while a third downgrades owner's shares
Euronav changes four crew members at Reunion island The French island of Reunion appears to be open for crew changes
IMO to hold virtual CO2 talks in July, heeding calls of environmentalists UN body says the 'informal' meeting will invite all member states and NGOs after weeks of complaints by environmentalists
Capesize owners should start profiting by July, brokers say Higher iron-ore volumes expected out of Brazil
Seaways: second quarter looking up as tanker market shows resilience Asian imports combined with persistent Brazil and US Gulf cargoes have allowed owners to extend elevated rates
Frontline boss Macleod backs company by building stake to $8m Chief executive splashes $346,000 on more shares in John Fredriken's tanker company
Swedish Club virtual AGM to remain a one-off Traditional annual bash in Gothenburg goes successfully online, for the first 'and last' time
Tsakos special dividend, bullish talk fail to ignite stock New York-listed Tsakos vehicle says it is bullish about the oil transport business, reveals imminent order for up to three tanker newbuildings
Cargo imbalance tips capesize scales toward Pacific basin Earnings in the east are higher because much more cargo is being moved there than the Atlantic Basin, Breakwave Advisors' John Kartsonas says
ESL Shipping fuels vessel with drop-in liquefied biogas Finnish owner teams with Gasum on steelmaker customer SSAB's drive towards fossil-free operations
Police confirm cyber-attack on shipbuilder Vard in Norway Details of incident sketchy but Norwegian authorities say it involved data breach
Yangzijiang Shipbuilding scoops orders worth $350m Domestic owner Shanghai Ganglu and Tiger Group turn to Singapore-listed yard
Tsakos Energy pays special dividend after strong profit New York-listed Tsakos vehicle also reveals plans for one-for-five reverse split, to take effect on 1 July
'Watch this space': ex-Fearnley Securities chief Halvorsen re-emerges at ADS Investment banker made shock departure in April but is now to oversee expansion at private Norwegian group.
Viken Shipping reports profit hike as long-term charters pay off The Steckmest-controlled company has success running a tanker company with long time charters
EU approves Italian shipping tax rules, with strings attached Italy becomes latest European country to tweak its maritime tax regime to appease Brussels competition watchdog
Danish Ship Finance says tanker owners need to start scrapping now New report says market will need to get used to low rates for 'quite some time'
Restructuring FSG lines up buyer as ICG cancels ropax Pella Sietas in talks over purchase as owner of Irish Ferries scraps deal for ferry following yard's filing for self-administration
Restructuring FSG down to last ship as ICG cancels ropax Owner of Irish Ferries scraps deal for ferry following yard's filing for self-administration
BW Group sheds Golar LNG stock as shares hit three-month high Shipowner slides to fifth largest shareholder slot just behind chairman Tor Olav Troim
Hurtigruten scores $100m loan as it plots international cruise routes Norwegian shipowner aims to start sailings from Dover and Hamburg to Norway
Remaining banks fall into line with Solstad's $2bn refinancing Norwegian offshore vessel owner mops up stragglers as it declares vital restructuring deal effective
Ships-for-shares swaps help boost Trafigura to record profit Stakes in Frontline and Scorpio Tankers - and a bigger fleet - allowed trading giant to benefit from rate boom
Hurtigruten to expand international cruise business Norwegian shipowner aims to start sailings from Dover and Hamburg to Norway
UK warns over mobile phone use after officer killed on ro-ro ramp Report finds Seatruck seafarer was distracted by conversation before being hit by trailer
GasLog's first ESG report reveals carbon emissions differences in LNG fleet Chairman Peter Livanos says company will not only meet but exceed IMO targets when it orders new ships
Princess Cruises moves to knock out pandemic lawsuits with sweeping defence The Carnival Corp brand argues that if 19 lawsuits against it are allowed to go forward, any US institution can be sued
Danish shipowners outline plan for zero emissions by 2050 Blue Denmark group comes up with 21 recommendations for the country's government in decarbonisation push
Project newbuildings could push LNG ship surplus into 2025, Poten says Chairman emeritus Michael Tusiani calls out shipowners for 'foolishly' taking on 'unimaginable risks'
Iran could be readying another ship headed for Venezuela Another ship is said to be headed to the South American country, as Washington looks to levy sanctions
American Shipping looking to refinance $220m bond issue Oslo-listed tanker owner brings in financial advisors despite maturity in 2022
Maersk Tankers hires woman with technology expertise to lead India unit Danish tanker owner names non-shipping executive to lead Mumbai office from 1 June 2020
Dutch owner VT Group acquires Boluda's tanker business Acquisition will leave Spanish company with its containership and towage operations
Eastern Pacific refocuses on capesize bulkers as ultramax is sold Diversified Singapore-based shipowner sells 2019-built ultramax and is open to offloading more smaller bulkers as part of consolidation move
Robbers target Torm and Scorpio ships as Asia piracy levels double ReCAAP says it remains concerned about continued occurrence of incidents in the Singapore Strait
Port of LA director fears permanent loss of imports Gene Seroka reports worst May in more than a decade, predicts 15% of import cargo won't return
Boeing tells 737 MAX fuselage maker to pause production Boeing's stop-work order to its fuselage supplier has a lot to do with COVID-19 and the state of the airline industry.
NTSB schedules public meeting on fatal Atlas Air flight U.S. safety investigators will hold a hearing in July as they try to find out why a big cargo jet carrying Amazon packages crashed last...
Maersk leverages fleet for climate change research Three hundred vessels will be equipped to measure and report meteorological data
FMC eases some publication requirements for ocean container carriers The World Shipping Council says exemption for ocean container carriers from publishing essential terms of their service contracts with the U.S. Federal Maritime Commission is...
Drayage truckers, ocean carriers discuss chassis lease rate disparity Intermodal Motor Carrier Conference said the Ocean Carrier Equipment Association can avoid regulatory or legal action by reaching a "mutually beneficial" resolution to the chassis...
Hamburg Port Authority eyes growing use of LNG as bunker fuel "LNG is playing an increasingly important role as a low-emission fuel in the cruise industry, as well as for container ships. That's also becoming increasingly tangible at the port of Hamburg," the CEO of Hamburg Port Authority, Jens Meier, said in a statement.
Singapore 180/380 CST HSFO spread widens to 3-month high on strong 180 CST demand The strong demand for 180 CST high sulfur fuel oil for power generation has widened the spread between FOB Singapore 180 CST HSFO and 380 CST HSFO, otherwise known as the viscosity spread, to a three-month high of $15.40/mt on June 10, fuel oil traders in Singapore said.
Japan marine fuel 0.5% differentials in discounts in June; market seen bottoming The delivered Tokyo Bay marine fuel 0.5%S differential to Singapore 10 ppm gasoil cargo assessments has remained in discounts so far in June, averaging minus 53 cents/mt over June 1-10, compared with a premium of $7.56/mt over May 20-29 and a monthly average of $21.41/mt in May, S&P Global Platts data showed, as weak demand coupled with ample supply weighed on the market this month.
OIL FUTURES: Price declines extend as economic storm clouds gather Oil futures price declines extended in early morning trading June 11 as US equity markets opened sharply lower amid economic growth concerns.
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