Singapore operator takes delivery of RAmparts 3200 ASD duo PSA Marine, Singapore, has taken delivery of two more Robert Allan Ltd. designed RAmparts 3200 ASD tugs from China's PaxOcean Engineering Zhuhai Co. Ltd. The tugs, PSA Marvel and PSA Valkyrie, are
GAO report sees risks in USCG's Offshore Patrol Cutter program A new GAO (Government Accountability Office) report into the U.S. Coast Guard's Offshore Patrol Cutter (OPC) program is critical of several aspects of the acquisition strategy and makes eight recommendations that, it
Shuttle tanker concepts pay off for Kongsberg Maritime Kongsberg Maritime reports that thus far this year it has won contracts for 12 of its highly advanced shuttle tanker concepts, with a value totaling over NOK 400 million (about $44 million).
Business acquisition: Svanehøj now a full-scope service provider Pump manufacturer Svanehøj has acquired the Marine Equipment Service Department of Br'ndby, Denmark, headquartered Force Technology. This means that Svaneh'j becomes a full-scope cargo system service provider with competencies in servicing and
Associated Federal Pilots order Chesapeake Class pilot boat Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass., has booked an order from the Metairie, La., based Associated Federal Pilots for a Chesapeake class pilot launch, scheduled for delivery in July 2021. With a
The Lloyd's List Podcast: Do we need entrepreneurs to save shipping? Entrepreneurial minds promise fresh ideas that can catalyse much-needed change and break down the traditional silos that have always dogged...
Shipping's slow and steady path to a greener future The International Maritime Organization's environmental authority will decide on new greenhouse gas emission levels, but how much they will actually...
Chinese lessors to see 15% drop in ship lending this year The slowdown underlines stricter risk control measures taken by Chinese leasing houses amid economic and geopolitical uncertainties. The coronavirus backdrop...
Capital Gas 'in talks' with charterers as first newbuild arrives Four vessels are without ready employment. Group executive Jerry Kalogiratos said talks related to the uncovered vessels were ongoing
The week in charts: No vaccine lift for tankers as suezmax rates fall The prospect of a coronavirus vaccine in the coming weeks has cheered certain sectors, but it is unlikely to provide...
Greek dry bulk owners suffer tough quarter Athens-based Pioneer Marine sold its vessel Fortune Bay in October to raise $2.9m. It says it has made 'remarkable progress'...
Trade tensions highlight reality of 'Australia-style' solutions To paraphrase Churchill, the World Trade Organization is the worst possible form of regulating global trade, except for such other...
Bulkers leaving Australia for China drop sharply amid political tensions Port calls in China have meanwhile surged this year, mostly from larger-sized bulkers, Lloyd's List Intelligence specialists Chris Palsson and...
Hapag-Lloyd benefits from 'rigorous cost management' Demand for containerised freight has bounced back strongly after the second quarter of 2020. While the pandemic still continues to...
Daily Briefing Free to read: Vaccine respite for tanker markets 'at least nine months away' | Shipping finance costs to rise after...
China's trade dispute with Australian deepens with timber ban Timber from Australia is the latest commodity to be hit by a series of bans and other trade barriers imposed...
Long Beach container throughput hits record The surge in cargo comes as retailers continue to prepare for the holiday shopping season, a rise in e-commerce and...
HMM remains cautious even as profit jumps South Korean carrier turns quarterly $103 million loss last year into $20 million profit this year.
Hapag-Lloyd: Box boom, capacity crunch may last into 2021 Hapag-Lloyd sees strength until "at least Chinese New Year" and a challenge to "get containers where they need to be."
When pigs fly More than 200 breeder hogs were flown this week from St. Louis to Sao Paulo. Midwestern airport hopes it is the beginning of more livestock...
An-124 mega freighter overshoots runway in emergency landing A massive ramp freighter - you can literally drive trucks right on board - suffered damage in an emergency landing in Russia on Friday.
Atlas Air refuses to repay US bailout funds Atlas Air says it faced hardships during the coronavirus pandemic, making it eligible for emergency airline aid from Congress despite a massive growth in business.
FEATURE: Middle East set for biggest refinery push as export ambitions grow The Middle East, with vast and cheap crude reserves, is pushing ahead with refinery expansions even as a transition to cleaner fuels curbs local demand, setting the stage for a surge in oil products exports from the region.
Over 300 clean tech projects apply for EU Innovation Fund money The European Commission has received 311 applications for innovative clean technology projects under a first call for funding through the EU Innovation Fund, the EC said Nov. 5.
Floating storage allure buoys freight rates as oil product glut returns Oil products are streaming back into floating storage prompted by anemic buying appetite and the prospect of a demand recovery late in 2021, market sources have said, with the glut set to buoy the clean tanker sector.
Hong Kong marine fuel 0.5% differentials inch higher on tight cargo The Hong Kong delivered marine fuel 0.5%S differential to benchmark FOB Singapore 10 ppm gasoil cargo assessments rose from an average of minus $12.18/mt in October to $3.25/mt to-date in November due to the drop in imported cargo, S&P Global Platts data showed.
Mediterranean diesel market tightens on lack of US imports A lack of ultra low sulfur diesel imports from the US Gulf Coast to the Mediterranean has led to a tightening of supply, despite lackluster demand, sources said.
India's Oct fuel oil consumption rises 8.5% on month as demand recovers India's consumption of furnace oil and low sulfur heavy stock, which are equivalent to fuel oil, rose 8.5% month on month to 532,000 mt in October on recovering demand in industrial sector, data from the Petroleum Planning and Analysis Cell showed Nov. 13.
ARA fuel oil stocks steady on week at 1.345 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region edged lower week on week to 1.345 million mt in the week to Nov. 11, Insights Global data showed.
Weak European refinery margins reduce fuel oil availability The European 0.5% sulfur marine fuel market is finding support amid limited availability, as refineries reduce runs to curb road transport fuel production.
OIL FUTURES: Prices settle lower as coronavirus surge trumps vaccine advances Oil futures settled lower Nov. 13, with a continued rise in coronavirus cases in Europe and the US offsetting promising vaccine news earlier in the week.
OIL FUTURES: Coronavirus cases put downward pressure on prices Oil futures remained bearish midday Nov. 13, with a continued rise in coronavirus cases in Europe and the US offsetting promising vaccine news earlier in the week.
External: Global Risk Management
ADNOC L&S acquires new Ultramax bulker, eying sulfur market: company **ADNOC has long-term sulfur supply contract to Morocco **Wider dry bulk market faces a complex outlook
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