Merchent named President and CEO of Halter Marine ST Engineering North America, Inc. says that Robert (Bob) L. Merchent has been named President and CEO of VT Halter Marine, Inc. (Halter Marine) effective yesterday. Merchent joins Halter Marine with extensive
VIDEO: Governor Murphy unveils plans for New Jersey Wind Port New Jersey Governor Phil Murphy today announced plans to develop the New Jersey Wind Port, a first-in-the-nation infrastructure investment that will provide a location for essential staging, assembly, and manufacturing activities related
USACE: Memphis revetment season in full swing The U.S. Army Corps of Engineers reports that the Memphis District Revetment season officially began this year on June 11, with District Commander Col. Zachary Miller hosting a kickoff meeting at the
WinGD introduces technology to reduce methane slip WinGD has unveiled a new technology designed to reduce methane slip emissions and cut fuel consumption in its X-DF dual-fuel engines. The launch of Intelligent Control by Exhaust Recycling (iCER) is the
Diamond S and Norden in strategic partnership Greenwich, Conn., based Diamond S Shipping Inc. (NYSE: DSSI) and Hellerup, Denmark based Norden A/S (CPH:DNORD) have formed a strategic partnership called DiaNor. It brings together two of the world's largest product
Crew change crisis: ITF prepared for "chaos in supply chains" to get crew off ships The International Transport Workers' Federation (ITF) and its affiliated seafarers' unions say they will now assist hundreds of thousands of seafarers to exercise their right to stop working, leave ships, and return
IMarEST appoints Gwynne Lewis as chief executive The Institute of Marine Engineering, Science & Technology (IMarEST) has appointed Gwynne Lewis as its new chief executive. He will begin the role June 29 and succeeds David Loosley, who is to
Mack Boring to represent Scania U.S.A. marine product line in Great Lakes region Scania U.S.A. Inc. reports that, effective August 1, Mack Boring & Parts Company, Somerset, N.J., will assume additional marine territory in the Great Lakes Region of the United States to include northern
MSC Gayane fourth engineer pleads guilty in cocaine bust case Vladimir Penda, 27, a national of Montenegro, yesterday entered a plea of guilty in the U.S. District Court for the Eastern District of Pennsylvania on charges of conspiracy to possess with intent
Danfoss Editron picked to power U.K.'s first hybrid crew transfer vessels Ejsberg, Denmark headquartered crew transfer vessel (CTV) builder and operator MHO-Co A/S has selected Danfoss Editron to deliver the drivetrain systems for the U.K.'s first two hybrid CTVs. The vessels will serve
Greek owners urged to halt Venezuela calls The Union of Greek Shipowners is committed to implementing US sanctions, says its president Theodore Veniamis
Shipping warned it risks losing crews if it abandons seafarers Just 25%-30% of needed crew changes are taking place, the Capital Link forum was told
Owners say worst is over for dry bulk as China-led demand rebounds Demand seems to be picking up fairly rapidly in the dry bulk sector, with iron ore and grain movements being...
Crew change crisis: Renewed calls for governments to act IMO secretary-general warns shipping is in a humanitarian crisis and seafarers are staying on ships beyond what is legally acceptable
Navios Logistics lines up $500m private placement New bond issue intended to refinance existing notes and repay term loan
Freight sector raises UK customs training challenges Challenges remain to ensuring measures to accelerate growth of the UK's customs intermediary sector are successful
Braemar defends decision to drop dividend payout 'It is just a cautious approach to things ... Given that we do not know what the outcome will eventually...
Norden to consolidate product tankers with Diamond S The new entity, DiaNor, will power the Norient Product Pool, which will end up managing around 150 product tankers
Swift oil market rebalancing easing floating storage Floating storage of surplus crude oil and refined products is adjusting to rises in demand for crude and simultaneously imposed...
ONE turns to Xpress Feeders for Baltic services As Hapag-Lloyd turns to Unifeeder, ONE is left to its own devices
From the News Desk: Sanctions force tanker operators to halt Venezuela trade With the US backing words with firm action when it comes to companies facilitating the trade of Venezuelan crude oil...
Box terminal expansion plans put on hold With revenues falling and few means of increasing revenues, terminals will focus on cutting costs
MOL agrees shipping deal with US methanol project MOL says it will operate purpose-built next-generation ships to serve the planned methanol facility
Daily Briefing Free to read: Hin Leong: Half of fleet idled as oil trader seeks buyers | More Greek owners drop Venezuelan...
Braemar axes dividend despite improved results Braemar's shipbroking business saw a better than expected 26% rise in underlying operating profit to £11.7m
ITF acts to get seafarers off ships as deadline passes 'Seafarers have done our part in this pandemic, and plenty more. If a seafarer wants off a ship, then the...
LNG shipping rates soften as demand fades Exports from the six currently operational US liquefaction terminals are currently down 60% from their peak earlier this year
Funding shipping's decarbonisation will not be a private issue The cost of investments means that many private owners will seek investors for help - or even simply sell off everything
Novatek's Arctic LNG 2 Train 1 on track for 2022 completion Total has a direct 10% interest in Arctic LNG 2 alongside Novatek 60%, China National Offshore Oil Corp 10%, China...
Crew crisis is on verge of becoming global trade crisis Ships could be idled as thousands of seafarers refuse contract extensions.
FMC's Canadian ballast water rule investigation begins The 1920 Merchant Marine Act authorizes the U.S. Federal Maritime Commission to investigate and penalize foreign governments with ocean shipping regulations that discriminate against U.S....
Airlines seek government help to survive winter doldrums Winter is a cold period for airlines' bottom lines. Throw in COVID-19 challenges and airlines face a difficult road to next year. That is why...
Port Houston: 'Worst should be behind us' Reduced number of canceled sailings indicates return of cargo.
Port of Savannah volume down 9.7% On the plus side, the Appalachian Regional Port nearly doubles the number of containers handled.
Tensions ease between US, China over airline flights The U.S. is loosening restrictions on flights by Chinese airlines after China partially reopened its aviation market to U.S. carriers.
MSC brings customers on board in carbon-reduction efforts Clients can help support a hydroelectric power project in China and a forest protection program in Zimbabwe
Buffalo Wild Wings to be flown by drone Deuce Drone, a new developer of aerial drone delivery systems, has a talented team, but its biggest hurdles will be established competitors, federal regulations, and...
'Robinhood effect' spread unevenly across tanker stocks Institutional sellers offset retail buyers of supertanker stocks.
Commentary: Intra-Asia trade waving economic distress flag Lori Ann LaRocco explains why intra-Asian trade is down and its affect on the United States.
Refined products output tumbles in April to 1.729 million barrels Battered by a force majeure that halted crude deliveries to principal refineries for most of the month, Ecuador produced just 1.73 million barrels of refined products in April, according to data on the central bank's website June 16.
Road fuel deliveries slump 37% in May, heating oil sales soar 130% Road fuel deliveries in France plunged 37% year on year to 2.658 billion liters (702 million gallons) in May, with a 39.5% slump in gasoline consumption compounding a 36.2% drop in diesel demand, industry group UFIP said on its website, citing the latest data from the country's oil industry committee CPDP.
South Korea ULSD cash differential flips into premium, hits 19-month high The cash differential for 10 ppm sulfur gasoil cargoes loading from South Korea flipped into positive territory and jumped to a 19-month high, on the back of rising demand and crimped supply which have worked to shore up prices, Asian middle distillate sources said.
April biodiesel demand down 43.5% on year; ethanol down 31.4% Spain's biodiesel consumption dropped by 43.5% on the year to 63,415 mt in April, which was also 20.3% lower than consumption in March, according to data from the country's strategic reserves agency CORES.
USGC HSFO cracks continue to find support from coker feed needs, Saudi power generation demand US Gulf Coast high sulfur fuel oil prices have been boosted in recent weeks by an increase in demand for US coker feed, according to sources.
Crude prices rise slightly after Beijing concerns temper early spike on bullish IEA, retail data Crude oil prices spiked early and fell back to modest gains on June 16 following bullish demand projections from the International Energy Agency and stronger-than-expected US retail sales data in May that were then tempered by heightening coronavirus lockdown fears in China.
Japan marine fuel 0.5% differentials slumps to 10-month low as demand destruction persists The delivered Tokyo Bay marine fuel 0.5% differential to Singapore 10 ppm gasoil cargo assessments plunged to a 10-month low of minus $60.14/mt on June 15, S&P Global Platts data showed as demand destruction from the COVID-19 outbreak continued to take its toll on the market.
Jet fuel demand to fall 62% on year in Q3: IEA The International Energy Agency in its monthly oil market outlook released June 16 sees a bearish demand picture for jet fuel through 2021.
Crude rally on bullish economic news tempered by Beijing outbreak escalation Crude futures settled higher June 16, although heightened coronavirus response measures in Beijing tempered earlier gains from bullish demand projections from the International Energy Agency and stronger-than-expected US retail sales data in May.
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