Corona scare gives cruise line share prices a slight ding Stocks of cruise lines took a minor hit today, in apparent reaction to reports that a passenger on board SeaDream Yacht Club's SeaDream 1 had tested positive for COVID-19. The boutique cruise
Everett Ship Repair repositions floating dry dock to receive ferry The Port of Everett, Wash., reports that port tenant Everett Ship Repair has relocated its floating dry dock, Faithful Servant, from Pier 3 to South Terminal. The temporary move provided the depth
Japanese partnership teams up on new electric vessel project Japan's Kansai Electric Power Co., Inc. (KEPCO) and e5 Lab Inc. have formed a business partnership to develop and promote the use of pure electric vessels in the Kansai Bay area. Called
ABS launches infectious disease mitigation class notation With the COVID-19 pandemic continuing, ABS is addressing the issue of how the physical arrangement of a marine or offshore asset can act to mitigate transmission of infectious diseases? It has published
VIDEO: HullVane launches new product for fast-planing vessels Wageningen, Netherlands, based HullVane BV is adding a new solution to its line-up - the Foil Assist. It comes after several years in which HullVane has been researching and testing the effect
Second of two battery-powered RO/ROs to be retrofitted with Thordon bearings The bow doors of Tycho Brahe - one of the two battery-powered RO/RO ferries operated on the 20-minute Helsingør, Denmark-Helsingborg, Sweden route by ForSeas Ferries -are to be retrofitted with grease-free ThorPlas-Blue
Shipping finance costs to rise after health crisis 'It seems there's a bit of a barbell out there. You have the traditional lenders, focused on larger and more...
Safe Bulkers eyes acquisitions to renew fleet The company underlined its intentions to bring in new ships to meet environmental standards as it reported better-than-expected financial results...
UK container transport task force gathers as crisis deepens Port operators and container lines are now in dialogue with each other under the auspices of the Department for Transport...
Teekay Tankers predicts challenging months ahead Teekay Tankers expects challenging months ahead. Rising Libyan crude oil production may help mid-size tankers, but a resurgence of coronavirus...
Greek tanker collision death toll rises The body of the fifth Turkish fisherman killed in a collision with the Greek tanker Ephesos yesterday has been found...
D'Amico optimistic amid product tanker downturn and vaccine hopes D'Amico felt the financial and trade impacts of the coronavirus backdrop in the third quarter. The company believes it is...
Supply chains near break point amid service disruptions Container lines have faced both a record-breaking collapse in demand and a record-breaking resurgence in volumes this year. The inability...
Chinese lessors urged to embrace green ship finance The leasing houses is just part of China's shipping community that appears lacking clarity in the directions of developing decarbonisation...
Vaccine respite for tanker markets 'at least nine months away' Weaker demand outlook weighs heavily on tanker markets amid mild start to winter and Opec likely to scrap plans to...
Yang Ming names new president after profitable quarter Taiwanese carrier expects the new management to bring higher business growth as shipping markets are trending up in the second...
Gard to hike premium volume by up to 5% 'The main driver is a relatively limited number of large claims from the International Group pool,' says head of Norwegian...
Lloyd's List Shipping Outlook Forum 2021: How to navigate the new normal It has been a year like no other: business forecasts and strategies swiftly had to be realigned to accommodate the...
Coal trade on track for growth next year Coal trade seems to be the hardest hit of all dry bulk commodities this year, falling by 8% to 14%...
Recognising maritime's unsung heroes This year, 20 men and women will receive the Merchant Navy Medal. 'Unsung heroes make up the fabric of our...
Indian crew caught up in China's Australian coal row The delay in berthing has been attributed to the Chinese Customs authorities not granting import clearances. Meanwhile, the service contracts...
Australia LNG exports boosted by winter demand Australia exported 6.7m tonnes of liquefied natural gas or 98 cargoes in October, up from 6.2m tonnes or 91 cargoes...
Alliance formed to advise maritime startups The alliance will create a network of industry veterans and decision-makers to help accelerate technology adoption in areas such as...
LNG demand to 2040 needs $2trn in capital, says WoodMac With increasing investor activism on carbon, 'the gas industry of the future must become synonymous with ESG', WoodMac says. Gas...
Teekay LNG 'boring', but on target for 2020 results Despite volatility, the company said it will meet expectations
Castor Maritime posts loss amid larger fleet's higher costs New York-listed bulker owner has bought five used panamaxes since September 2019
Safe Bulkers eyes more newbuildings in gradual fleet renewal US-listed dry bulk player wants more new-design, fuel-efficient ships to replace outgoing older panamaxes
Bahamas Paradise denies reports of ship headed for scrap Chief executive Oneil Khosa says information is 'all false' and he is looking into its origin
Historic LNG bunkering operations kicks off in Rotterdam CMA CGM says Port of Rotterdam set to become an 'LNG hub' for shipping's energy transition
d'Amico International Shipping eyes vessel buybacks and more sales of old tonnage Chairman Paolo d'Amico says purchase options for two ships in leasebacks will be exercised by 2021
Shell will test digital fix for problem that vexed Noah Tracker to fight fatigue comes out top in seafarer welfare challenge set by Shell and Inmarsat
Freight derivatives volumes surge in age of uncertainty Dry FFA industry rides wave and targets 24% growth over next two years
Pangaea hails increased clarity following result of US presidential race Ed Coll says 'instability' issue will no longer be a bar to projects, even if Covid-19 is
A quarter of on-order LNG carriers remain unfixed, Fearnleys says Liquidity is improving each year as cargo volumes, shipping and participants increase
First VLCC of the year is sold for demolition Tanker with chequered history poised to be head to Pakistan under tow
SFL assumes debt on Seadrill rigs as default threat lingers Talks between SFL, Seadrill and banks aimed at finding long-term solution
Covid-19 has taken its toll on results at Epic Gas Charles Maltby-led gas carrier owner says virus has resulted in high operational expenses and increased offhires
Adnoc Logistics & Services eyeing dual fuel solution for VLCCs Shipowner seizing opportunities in current market to expand its fleet
Simon Mokster divests PSV headed to serve Turkish power sector Sale comes as Singapore owner Britoil also offloads anchor-handling tug supply vessels
Biden win can help erase bad LNG debts at Braemar Naves Change of US president could boost prospects for halted LNG export project
Trials and tribulations: Studying shipping under lockdown Cass Business School student Dimitra Bouchari shares her experience and future hopes
Manager Danica warns crew change costs will double next year Ship operators advised to budget as financial impact of ongoing crew crisis is set to continue
Yang Ming shake-up continues as Patrick Tu appointed COO Taiwanese owner promotes strategy chief after retirement of chairman and chief executive Bronson Hsieh
Denmark charges fuel giant Bunker Holding over Syrian sanctions State prosecutors says Bunker Holding, Dan-Bunkering and a group director sold jet fuel to Syria via Russian firms
Danish defence minister aims to pull together coalition against pirates Trine Bramsen is contacting European partners in a bid to tackle rising threat of attacks in Gulf of Guinea
Chemnav nets profit on tanker sale despite weak spot rates Aframax was briefly sanctioned by the US earlier this year for shipping Venezuelan oil
DOF wins round more banks but rebels blocking vessel accounts Restructuring offshore shipping group still faces headaches as it tries to secure long-term refinancing
UK rewards mariners past and present for service to industry TradeWinds' former columnist honoured with medal for her efforts on marine environment protection
2020 Bulkers marks five consecutive quarters of profit Oslo-listed bulker owner has also paid a dividend to shareholders every month over the past year, apart from in June
Unctad warns second pandemic wave will deepen 4.1% maritime trade slump in 2020 United Nations trade organisation says short term outlook is grim but shipping can be at heart of a significant recovery in 2021
Teekay Tankers buys back aframaxes as it sees challenging months ahead Canadian tanker owner believes charter coverage of 22% leaves it well placed to come through tougher times for tankers
Teekay LNG Partners hit by dry dockings and lower charter rates President and chief executive Mark Kremin expects earnings and cash flow to increase in fourth quarter
Low-profile tanker player Kader dumps entire fleet Dubai-based tanker newcomer exits shipowning as vessels sail to a new entity
Koban Shipping completes clean sweep of ADS VLCC fleet United Arab Emirates group said to have now bought all three elderly tankers sold by Norwegian owner
Braemar goes 'back to the future' as shipbroker Gundy takes helm Non-core sales leave a tidier business for the reformed 'control freak' who has learned to delegate
UK P&I targets 10% general increase and threatens premium hikes London-based mutual is latest P&I Club to announce double-digit premium rises for shipowner members
Okeanis capturing West Africa premium as VLCC coverage hits 100% Greek shipowner has all VLCC spot days booked for fourth quarter at $24,000 per day
UN report: high-emission boxships making more progress cutting CO2 across fleet than bulkers Larger boxships have reduced greenhouse gas emissions per vessel, but fleets across all sectors will need to make significantly more progress, says UN trade body
IMO under pressure to rubber stamp controversial greenhouse gas pact Delegates urged to assess historic amendments to Marpol Annex VI on reducing carbon emissions 'with a view to approval'
Covid-19 said to have taken its toll on results at Epic Gas Charles Maltby-led gas carrier owner says virus has resulted in high operational expenses and increased offshire
Japanese and French navies come to aid of injured seafarer Languages prove no barrier to combined rescue effort aboard chemical tanker in Gulf of Oman
SeaDream "safe bubble" bursts with coronavirus scare on mask-free cruiseship Positive coronavirus test sees shipload of journalists and travel writers confined to their cabins.
Shipping Australia names Melwyn Noronha as next chief executive Master marine, who is third CEO in trade association's 20 year history, due to take up post in early 2021
Oscar Spieler named executive chairman of US gas exporter Delfin Former Frontline and Golar chief executive takes the helm as company reaches critical stage in FLNG newbuild program
Shipping Australia names Melwyn Noronha has next chief executive Master marine, who is third CEO in trade association's 20 year history, due to take up post in early 2021
Anglo American's charter tender attracted strong interest The charter of U-Ming's four dual-fuelled capesize bulkers will enable Anglo American to carry up to 5m tonnes of product per year
U-Ming order aims to position shipowner at forefront of LNG-fuelled bulker wave Chief executive CK Ong believes the IMO's target to halve carbon pollution by 2050 'will expedite the charters of LNG-fuelled bulk carriers'
Maersk moves quickly in reaction to criticism of delays in California ports No specifics in shipping company's statement on request for relief from demurrage and detention charges
Port of Long Beach again breaks container record Gateway remains cautious and braced "for any shocks still to come."
Yang Ming reports return to profitability "The outlook of container shipping still remains clouded in uncertainties over the possible comeback of the COVID-19 pandemic and U.S.-China trade conflicts."
Geodis in US links to Shopify, Amazon European 3PL says integration with e-commerce marketplaces strengthens activity with American online retailers and shoppers.
$9.3M in fake handbags, shoes seized at DFW Airport Inside the boxes agents found fake Chanel, Gucci, Louis Vuitton and Adidas merchandise.
Glyn Hughes to lead TIACA From IATA to TIACA. That's a lot of alphabet soup for new CEO Glyn Hughes to digest, but by all accounts he's up to the...
Japan's Cosmo Oil offers first LSFO spot cargo since Q1 on higher cracks Japanese refiner Cosmo Oil has offered a spot low sulfur fuel oil cargo for loading early December -- its first since February -- amid a strengthening crack spread, market sources said Nov. 12.
USGC bunkers prices rising in Nov amid weak demand, stronger energy US Gulf Coast spot bunkers prices continued to rise Nov. 11 on support from stronger energy futures, with some markers hitting highs not seen in eight months despite ongoing demand destruction tied to the coronavirus pandemic.
0.1% Med cargoes at 5-week high on lower supply, low imports Physical differentials for 0.1% gasoil cargoes in the Mediterranean have reached their highest level for five weeks on low supply as a result of reduced refinery runs and falling imports amid low demand, sources said.
US Refinery Scorecard: US refiners find strategies to adapt to lower demand Almost 10% of US refining capacity is offline due to low demand, plant repurposing, or extended turnarounds and many US refiners feel that is still not enough to support refining margins.
European LSSR hit by faltering demand for road transport fuels European demand for low sulfur straight run -- typically processed in a refinery's secondary units to produce diesel and gasoline -- has been hit by the second wave of COVID-19 lockdowns in Europe
US crude a winner as demand shift prompts Indian refiners to lighten slate The structural shift in India's oil products demand pattern in favor of products like LPG and naphtha and away from diesel have prompted refiners to lighten their crude slate, a move that may help US crude imports to post positive growth in 2020 despite overall crude inflows slipping into the red, analysts told S&P Global Platts.
Chicago gasoline, diesel fall after city issues COVID-19 stay-at-home advisory Chicago fuel markets fell Nov. 12 after the city issued a stay-at-home advisory in response to the rapid rise of COVID-19 cases in the city.
OIL FUTURES: Oil complex retreats after unexpected US crude inventory build Oil futures retreated in midmorning US trading Nov. 12 following an unexpected build in US crude supply.
Saudi Aramco fulfills December crude term allocations for Asian refiners Saudi Aramco, the biggest producer in the Middle East, has fulfilled Asian refiners' term allocations for December-loading crude oil, market participants said.
ARA diesel, gasoil stocks fall 2.8% on week to 2.6 million mt: Insights Global Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub fell 2.8% to 2.597 million mt in the week to Nov. 11, Insights Global data released Nov. 12 showed.
OIL FUTURES: Prices retreat as market eyes US crude build, COVID-19 surge The oil futures complex settled lower Nov. 12 on the heels of an unexpected build in US crude supply.
Utilities make big hydrogen pitch to regulators, eye multiple options along value chain **Blending natural gas and hydrogen in pipelines **Ultimately could displace natural gas in power generation
Oil market rebalancing to make 'slow progress' on weak fundamentals, says IEA **IEA cuts 2020 demand estimates on **Oil demand to climb by 5.8 mil b/d in 2021 **Demand divergence between West and rest of the world **Weak fundamentals persist as supply continues to grow
WAF TRACKING: West African crude remains in floating storage as global total falls **Volume of WAF crude in floating storage unchanged on month **Two Suezmaxes floating each of Forcados, Girassol and Kissanje
Shipping company Teekay Tankers sees headwinds for Q4 amid mixed sentiment **Earnings show decreases for Q4 **IEA trims 2020 oil demand forecast
European fuel oil inventories fell in Sept. amid tight supply: IEA **Fuel oil supply hinges on other products **Marine demand remains steady
New lockdowns, overcapacity complicate global refinery outlook: IEA **1.7 million b/d of capacity in 2020-2021 slated for shutdown **US sees largest share of planned refinery closures
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