VIDEO: Crowley wins U.S. Government award for hiring and retaining military veterans Crowley has been awarded the U.S, Department of Labor's HIRE Vets Platinum Medallion for its exemplary success recruiting, employing and retaining U.S. military veterans. The Honoring Investments in Recruiting and Employing American
Stena-Proman JV to build third methanol-ready vessel Proman Stena Bulk Ltd - a joint venture between Stena Bulk and Wollerau, Switzerland, based Proman Shipping - has finalized an agreement to build an additional methanol-fueled vessel To be named Stena
Brazilian OSV operator in battery hybrid first Wärtsilä and Brazilian offshore support vessel operator CBO have recently signed an agreement that will see CBO's platform supply vessel CBO Flamengo become the first vessel in Latin America to be fitted
MTU engines power 63-ton bollard pull Emden tug Now in operation in Emden, Germany, the 28-meter harbor assist and salvage tug Peter Wessels has a bollard pull of 63 tons, making it the most powerful tug in the five-tug fleet
C&C Marine and Repair delivers first of three towboats for Hines Furlong Line, Inc. Belle Chasse, La., based C&C Marine and Repair recently delivered the triple-screw 6,600-horsepower towboat M/V Scarlett Rose Furlong to Nashville, Tenn., based Hines Furlong Line Inc. Measuring 170 feet by 50 feet
Hornbeck Offshore wins $9.1 million MSC contract Hornbeck Offshore Operators LLC, Covington, La., has been awarded a $9,176,100 Military Sealift Command contract for the use of its 2002-built 240-foot OSV HOS Dominator as an Undersea Rescue Command support vessel
MacGregor to supply Fincantieri Bay LNG bunkering barge hose handling cranes The 5,400-cubic-meter LNG bunkering barge under construction at Fincantieri Bay Shipbuilding, Sturgeon Bay, Wis., will have two MacGregor Rapp HP63-13F fixed boom cranes to handle the hoses that transfer LNG from the
Port of Greater Baton Rouge could be home to $9.2 billion renewable fuel complex Grön Fuels LLC, a portfolio company of Fidelis Infrastructure is studying the feasibility of a renewable fuel complex at the Port of Greater Baton Rouge. With expansions and associated projects, the complex
New Braemar boss pledges back to basics switch The incoming chief executive of listed shipbroker Braemar Shipping Services, James Grundy, says he will ditch diversification in favour of...
Transhipment hubs benefit from carrier network moves Container carriers have had to work on the efficiency of their networks as ships were pulled from service during the...
Governments endorse crew change protocols as crisis persists The International Maritime Organization has supported the industry initiative for safe crew change protocols, but it will be up to...
Digitalisation is really about thinking differently Singapore's leadership of the global push for digitalisation has shown the importance for shipping of the end-to-end supply chain and...
Weekly briefing: Box sector riding high; tankers face challenging winter Ahead of the third-quarter results season, container carriers are seeing strong rates due to healthy demand as the traditional peak...
Lloyd's List launches Decarbonisation Survey in search of carbon clarity The direction of travel for shipping's decarbonation trajectory has been set for some time now, but the devil in the...
No improvement for product tankers without vaccine, says Torm chief Product tanker rates will be subdued for as long as we have this health crisis,' says executive director Jacob Meldgaard...
Bunker costs a critical factor in box shipping's bumper year Carriers have benefited during the pandemic from managing capacity as demand fell and standing firm when the recovery began. But...
Odfjell sets 2050 climate neutrality goal The chemical tanker owner and operator commits to buying only net zero emissions vessels from 2030 onwards and to reduce...
Greek tanker collision with fishing boat leaves four dead Four crew of a Turkish fishing boat have been killed and one is missing after the boat collided with the...
Daily Briefing Free to read: First Iran-linked tanker reflags to Samoa | MSC Cruises presses ahead with huge newbuilding programme | Shipping...
Braemar names James Gundy as chief executive James Gundy has been head of Braemar's shipbroking unit since joining the company in 2014 following the merger with ACM...
'Systemic failures' of safe manning rules drive seafarers to falsify work and rest hours A damning report by the World Maritime University says alteration of work and rest hours by crews is commonplace amid...
Wallenius Wilhelmsen returns to profit as volumes recover Wallenius Wilhelmsen returned to a $4m profit in the third quarter and expects recovery in auto volumes to continue. But...
Malaysia marks first commercial ship-to-ship LNG bunkering operation Malaysia, as a top 10 exporting country for the super-cooled fuel, is looking to stake its claim for a share...
PSA Marine seals Singapore's first maritime sector green loan The loan features an interest rate adjustment linked to an environmental, social and governance target which requires these vessels to...
ICTSI joins Maersk's TradeLens platform The platform's broadening geographic scope is bolstered by the addition of ICTSI and its network of niche terminals in less...
Shippers must fix 'broken bafs' to pay for decarbonisation Whatever methodology is eventually adopted to ensure the decarbonisation of shipping, the costs will inevitably be passed through to the...
China needs policy change for coal imports in 2021 The arbitrage on coal imports is huge and the only limiting factor for imports to China today is the lack...
Shell to repurpose Singapore's Pulau Bukom refinery 'Our businesses in Singapore must evolve and transform, and we must act now if we are to achieve our ambition...
First movers urged to assemble consortia in decarbonisation quest A new study reports that more consortia, as well as co-investments in necessary equipment, and collaborations to fast-track regulatory approvals...
Safe Bulkers trumpets liquidity as it rides rates to profitability The company's liquidity increased thanks to the sale and leaseback deal on its kamsarmax newbuild
Pangaea gets US dry bulk owners on the board with profitable third quarter Rhode Island-based specialist continues to better market indices as it rolls to black numbers
Almost 10% of global tanker fleet linked to Venezuelan trade, study finds Many vessels believed to have adopted opaque means to remain in the sanctioned business
Bjornadal is back as shipbroker Affinity pushes into Oslo finance market Former Nordea man will spearhead London-based brokerage's expansion into the lending market
Golden Ocean hires ex-Western Bulk man as chief commercial officer Golden Ocean has been changing its management team since Ulrik Andersen joined as chief executive in April
Five die after presumed collision between Greek tanker and Turkish fishing boat Deadly incident comes amid mounting tensions between two countries
Wallenius Wilhelmsen sees volume recovery and small profit The ro-ro owner finished the third quarter in the black after a $69m loss in the second
Longship expands in Norway by taking stake in Wagle Chartering Acquistion of 50% of shipbroker forms powerful new shortsea operator with fleet of 40 ships
Alpha Bulkers affiliate joins chase against Jiangsu Steamship over Australian coal discharge delays Greek outfit's seeks arrest to secure $8.8m London arbitration claims
Performance hits initial growth target by adding fifth aframax US-listed company says the purchase of Pleiades tanker marks the completion of its 'first, internally financed growth phase', will concentrate on dividends in 2021
Car Wash probe turns the spotlight on shipbrokers Broking houses named in latest phase of long-running Brazilian graft inquiry
Wartsila converting first South American OSV to hybrid power Deal with Brazil's Grupo CBO will see battery pack fitted to PSV CBO Flamengo
Torm seals $150m 'green' refinancing and buys two tankers as profit falls to earth Danish tanker owner-operator also purchases two MR tankers in the secondhand market
Report says zero-emission shipping leads to small increases in consumer prices A Getting to Zero Coalition study says shipowners, charterers, consumers and governments all play a role in green transition
UK forwarders say Brexit customs clearance for Northern Ireland will not work Freight clearance systems provider writes to UK Customs saying it will not work with new data system and trade in and out of Northern Ireland could be paralysed
Four die and one missing after presumed collision between Greek tanker and Turkish fishing boat Deadly incident comes amid mounting tensions between two countries
Greek tanker owner hit by second pirate attack in 48 hours Crew on Product Shipping & Trading vessel safe after incident involving armed gang off Benin
Maritime debate goes nuclear, but what about the public reaction? The arguments for nuclear-powered merchant ships are compelling. So are the arguments against
Vaccine breakthrough and Biden win inject shots of hope for world After nine months of gloom, there is optimism that coronavirus can be overcome, demand will recover, and that Trump's trade wars have come to the end of the line
Spain's Marflet grows with product tankers from Diamond S and Pleiades In mood for fleet renewal and expansion, Spanish company acquires two South Korean-built MR2 tankers
Gard unveils premium discount despite pressure to increase rates Renewal sweetener comes ahead of expected rate rises at the Norwegian protection and indemnity insurer
Norwegian expects to sail entire fleet as early as May 2021 Miami-based cruise major considers the year 2022 to be a 'road to normalisation', says chief executive Frank Del Rio
Socar wins $49.5m arbitration against Mubariz Mansimov's Palmali Another blow for Turkish tanker owner whose chief executive remains under arrest
Gard brings forward premium discount despite pressure to increase rates Renewal sweetener comes ahead of expected rate rises at the Norwegian protection and indemnity insurer
Braemar to complete technical services exit with Wavespec sale UK group focusing more on shipbroking as it decides to sell engineering business after strategic review
Four die and one missing as Greek tanker and Turkish fishing boat collide Deadly incident comes amid mounting tensions between two countries
Belships rides bulker market rebound as quarterly loss shrinks Improved market prevents further vessel impairments as bulker owner as result meets expectations
James Gundy takes over as Braemar CEO as long search ends Broking boss steps up to run London-listed group as solution to leadership problem found from within
DNV GL tears up shortlist in tender for no-emission bulker A seven-name shortlist to build an emission-free ship has grown to 21 after complaints by some big names who were left out
German boxships find new homes as secondhand market begins to sizzle Another two Thomas Schulte-managed containerships change hands as market heats up
Arrested OSVs sell for hefty discount at Singapore auction Admiralty sheriff confirms funds from sale have been received, but identity of buyer remains undisclosed
PSA Marine secures $35.5m sustainability-linked loan from DBS Bank Finance linked to substantial use of crew transfer vessels to support offshore wind energy-related activities
Singapore's Transport Capital expands into US with finance veteran Philip Clausius-led investment manager recruits third major executive in less than six months
Containers are 'the new gold' amid 'black swan' box squeeze There are not enough containers in China to handle all the U.S.-bound cargo - and box factories are now sold out into Q2.
Emirates puts giant A380 passenger jet to work hauling cargo The A380 isn't prized for its cargo capability, but when operated in "ghost" mode there's a lot more room for stuff.
Dachser desks help US retailers weather holiday shopping season Freight forwarder guides customers through online shopping shift and transport capacity choke points.
Alibaba moves into Japan with third-party logistics offering Alibaba is a massive online shopping platform, but it also wants to be a dominant logistics provider around the world. It now covers Japan.
Singapore 10 ppm sulfur gasoil cash differential hits 3-month high The FOB Singapore 10 ppm sulfur gasoil cash differential has jumped to a more than three-month high amid curtailed refinery production, which has resulted in regional supply balances winding tighter.
FUJAIRAH DATA: Oil product stocks hit two-week low led by heavy distillates Stockpiles of oil products dropped to a two-week low at the Middle East port of Fujairah, led by a slide in heavy distillates and residues to a 15-month low as fuel oil exports picked up.
Most West Coast retail spot bunkers at highest levels since mid-March Most West Coast retail spot bunkers reached an eight-month high on Nov. 11, S&P Global Platts data showed, moving in line with Singapore bunkers markets, energy futures, and wholesale fuel oil markets.
US LNG exports remain split between Asia and the Atlantic as winter approaches US LNG exports continued to be split between Asia and the Atlantic leading up to winter, an analysis of data from S&P Global Platts ship tracking software cFlow showed Nov. 10.
Uncertain future for US high sulfur gasoil spot market Liquidity for US high sulfur gasoil shrank this year amid the pandemic and a slew of hurricanes, inverting a long-established price spread and casting doubt on the niche spot market's future.
Malaysia's Petronas launches LNG bunkering business, completes first delivery Malaysia's Petronas has officially launched its LNG marine fuel business by completing its first LNG bunkering operation at Pasir Gudang, Johor, a move that is line with the company's strategy to meet its customers' emerging requirements for cleaner fuels, the company said.
Argentina's YPF to rebuild oil, gas production with focus on Vaca Muerta Argentina state-backed YPF is starting to rebuild oil and natural gas production from a slump this year by targeting the Vaca Muerta shale play, which should grow to as much as 50% of its oil production by 2023 to help offset natural declines in conventional reserves, company executives said Nov. 11.
OIL FUTURES: Rally limited by surge in coronavirus cases Crude futures continued extended a rally into the third day Nov. 11, but the upside was limited by a surge in coronavirus cases.
Denmark's Torm hit by tanker rates fall in Q3, sees uncertain market ahead Danish product tanker group Torm said Nov. 11 tanker rates had come down sharply in the third quarter and that it sees "an uncertain market" ahead.
OPEC cuts 2020, 2021 global oil demand forecasts on COVID-19 surge OPEC has turned more bearish on global oil demand due to the second wave of COVID-19 infections, providing sobering analysis as the producer group and its allies prepare to decide on 2021 production quotas.
Decarbonization efforts driving low-carbon hydrogen solutions in US, globally Despite challenges such as transportation costs, hydrogen markets are expected to grow over the next couple of decades for power generation and transportation applications, experts said Nov. 10.
Iranian oil exports average 700,000 b/d in March-November: report **US sanctions have crippled OPEC member's oil sector **Exports have fallen almost 2 mil b/d in two years **US-Iran relations could improve under Biden administration
NWE VLSFO cracks reach 7-month high amid limited availability **Fuel oil most resilient among products **Demand normal in face of refinery run cuts
IEA calls for shipping to mute climate impact by increasing renewable fuel uptake **Competitive prices key to renewable uptake **COVID-19 has challenged fuel affordability **Hydrogen, Ammonia could be key for low-carbon future
Fourth propulsion revolution, more R&D to aid greener shipping: ICS **Ammonia, hydrogen and electric batteries hold promise **R&D fund imperative to develop zero carbon fuels **Charterers, financiers coming forward to promote greener shipping
China's Zhoushan port bonded bunker fuel supply rises 16.7% on year in Jan-Oct China has been ramping up LSFO output for bonded bunkering since a full VAT rebate was implemented.
Orsted, BP to co-develop 50 MW green hydrogen project at Lingen refinery The partners have applied for funding from the EU Innovation Fund.
Singapore Marine Fuel 0.5%S-Dubai crack jumps to 6-month high on strong gasoil Fundamentally, the Marine Fuel 0.5%S market is balance with steady demand, market sources said.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
