Vigor wins $30.2 million MSC contract Vigor Marine LLC, Portland, Oregon, has been awarded a $30,269,098 firm-fixed-price contract for a 120-calendar day shipyard availability for the post shakedown availability of the expeditionary sea base USNS Miguel Keith (T-ESB
Vancouver Shipyards awarded CAD 2.4 billion Joint Support Ship contract The Government of Canada has awarded a performance-based National Shipbuilding Strategy contract to Seaspan's Vancouver Shipyards for the full construction of two joint support ships (JSS). Valued at CAD 2.4 billion (about
PODCAST: Q-LNG's Chad Verret talks LNG bunkering In this edition of Listen Up!, we talk to Chad Verret. He is the fourth generation of his family to work in the maritime industry, and is president of Q-LNG Transport, chairman
Dive Technologies completes build of large displacement UUV Dive Technologies, Inc., a Boston-based subsea robotics designer and manufacturer, says it has completed the integration and build of its first full-scale commercial large displacement (LD) unmanned undersea vehicle (UUV) platform, the
VIDEO: Brazilian Navy supervises scuttling of giant ore carrier Within days of being refloated by salvors, a 2016-built, 300,800 dwt ore carrier has been declared a constructive total loss (CTL), towed to deep water and sunk under supervision of the Brazilian
MARAD awards $9.5 million in America's Marine Highway grants The U.S. Department of Transportation's Maritime Administration (MARAD) has awarded $9.5 million in America's Marine Highway Program grants to eight projects. The funding supports the enhancement of navigable waterways and expands existing
Damen delivers new-design ASD tug to Iskes Damen Shipyard Group has delivered a tug that it calls a "one winch wonder" to IJmuiden, Netherlands, headquartered Iskes Towage & Salvage. The tug, the Jupiter, will operate in the ports of
V.Group chief says seafarer repatriation 'still far too slow' Some 30% of seafarers are already overdue repatriation; by the end of the month that figure will be 45%. While...
London P&I back to black on higher premiums London P&I Club anounces operating surplus and an increase in free reserves over the past financial year
APL England owner ordered to recover lost containers Authorities mapped a 1000km2 search area to find the lost boxes, which threaten the environment
Hin Leong: Half of fleet idled as oil trader seeks buyers Inability of the Ocean Tankers vessels to trade, for whatever reason, is the clearest sign yet that the fleet is...
CEVA Logistics agrees deal to expand in Africa CEVA will add 1,000 employees from the acquisition and will also integrate three CMA CGM inland facilities into its African...
Transpacific box rates surge could be temporary Capacity reductions suggest no expectation from carriers of sustained demand growth
MOL and NYK to test autonomous vessels The technology is aimed at the critical coastal shipping segment of Japan's logistics system, which is heavily dependent on an...
Tata Power to sell three capesizes in $213m block deal Tata Power has long-term plans to reduce debt and raise funds to invest in future growth plans, including expanding its...
Daily Briefing Free to read: Thenamaris rules out further Venezuelan tanker trips | Registry investigates newly flagged tankers over AIS gaps |...
Cosco's tanker arm offloads non-core assets Proceeds will be used to replenish the company's operating capital, according to an exchange filing
More Greek owners drop Venezuelan calls Many expect the US action against tankers to have a wider deterrent effect, with other leading owners in the Venezuela...
Australia slows LNG exports amid health crisis Industry observers have found that 41 LNG cargoes either slow-steamed or hovered off Dampier in Western Australia before destinations were...
Airlines chafe against UK quarantine as Europe opens travel It's a turbulent period in Europe for the aviation industry. Regional travel is reopening in the EU, but the UK has tightened travel restrictions and...
Maersk employs new rope design to make mooring safer Instead of whipping around at 500 mph, a broken Snap Back Arrestor rope simply drops to the ground
CEVA Logistics widens stance in Africa Logistics services provider is optimistic about African continent's global freight potential, despite economic setbacks from COVID-19 pandemic.
Pandemic fails to dampen AA Cargo's IT esprit American Airlines Cargo has not slowed implementation of the IBS Software iCargo platform since last October, despite the upheaval from the COVID-19 pandemic.
US crude, gas and coal exports are all flashing red Warning sign for tanker investors as US crude exports begin to reverse course.
Career Tracks: Höegh and Elemica get new CEOs Averitt, OmniTRAX, Duluth Seaway Port Authority and Port of Newcastle announce appointments
USAC diesel prices hit six-week high Diesel prices on the US Atlantic Coast shot June 15 to their highest levels since late April, propelled by a refinery outage and amid the Gulf Coast market climbing last week.
API seeks US intervention in Mexico discrimination against US fuel companies The American Petroleum Institute has asked the US government to urge Mexico to uphold its commitments to the United States-Mexico-Canada Agreement and to stop discrimination against US companies in Mexico's fuel market.
Gazprom Neft urges OPEC+ caution on longer cuts due to rising oil stocks OPEC and its non-OPEC allies shouldn't rush into "emotional" decisions on extending current quotas beyond July due to a recent dip in oil prices caused by inventories' building up, Gazprom Neft CEO Alexander Dyukov said June 15.
RUSSIA DATA: July crude export duty rises by more than 350% The export duty on Russia's Urals crude and other blends not subject to the country's more favorable tax rates has been set at $37.80/mt for July, up 355% from $8.30/mt in June, the Russian Finance Ministry said June 15.
OIL FUTURES: Crude prices undo early losses on coronavirus resurgence fears Crude oil prices largely followed the stock markets on June 15 and eventually traded up after early dips amid coronavirus resurgence fears from Beijing to Texas during the continual reopening of economies around the world.
REFINERY NEWS: PDVSA restarts Cardon refinery FCC Venezuela's state-owned PDVSA is restarting the 90,000 b/d fluid catalytic cracker at its Cardon refinery, according to a technical report reviewed by S&P Global Platts.
US crude stocks expected lower on storm-driven production decline US crude inventories are expected to have fallen last week amid weather-related Gulf of Mexico production losses and a drop in imports, an S&P Global Platts analysis showed June 15.
European driving activity edges closer to pre-crisis levels Road traffic in Europe's five biggest economies is nearing pre-pandemic levels, new data showed June 12, as regional governments continue to reopen their economies and ease travel restrictions.
ECUADOR DATA: April crude output slides 60% on year to 210,000 b/d Hit by a force majeure and the impact of the coronavirus pandemic, Ecuador reported a sharp drop in its crude output in April, with average daily production falling to 210,000 b/d, a 60% decline from the 529,000 b/d pumped in April 2019 and a 61% drop from 541,000 b/d in March, according to data available June 15 on the central bank's website.
RUSSIA DATA: Jan-Apr oil product exports down 3.5% on year Russia's refined oil product exports fell 3.5% on the year in January-April to 47.978 million mt, customs data showed June 15.
Shanghai energy exchange appoints delivery warehouses for LSFO delivery Shanghai International Energy Exchange has appointed four delivery warehouses to activate a total 320,000 mt of storage capacity for its upcoming low sulfur fuel oil futures contract.
Fujairah bunker volume rises 2% on year in May, LSFO dominates Bunker volume at the Port of Fujairah in May rose 2% from a year earlier, posting the second consecutive month of year-on-year increase, with LSFO dominating registered bunker barges, the Fujairah Oil Tanker Terminals or FOTT said in its latest monthly summary.
SINGAPORE DATA: May bunker fuel sales decrease 4.59% on month to 3.93 million mt Singapore's bunker fuel sales in May decreased 4.59% on the month to 3.93 million mt, preliminary estimates from Singapore's Maritime and Port Authority (MPA) released June 15 showed.
USGC middle distillate flows to Europe at 510,000 mt so far in June: cFlow US Gulf Coast middle distillate shipments due to arrive in Europe in June are expected to be at least 510,000 mt, with around 190,000 mt bound for Northwest Europe and 320,000 mt for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed June 15.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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