VOS will recycle three PSVs Den Helder, Netherlands, headquartered Vroon Offshore Services (VOS) is to dispose of three platform-supply vessels, with the aim of "right-sizing" its PSV fleet. The vessels, VOS Power, VOS Producer and VOS Prominence,
Mississippi River Ship Channel deepening gets underway The U.S. Army Corps of Engineers (USACE) officially kicked off the historic deepening of the Mississippi River Ship Channel to 50 feet on September 11, 2020), as Weeks Marine's cutterhead dredge Captain
Carnival Corporation to accelerate ship disposals In a filing with the SEC yesterday, Carnival Corporation & plc reported preliminary third quarter 2020 results that included a U.S. GAAP net loss of $2.9 billion which included $0.9 billion of
Bollinger to build floating dry dock for Columbia Class submarine program Bollinger Shipyards LLC reports that it will construct a state-of-the-art, floating dry dock for General Dynamics Electric Boat to support the construction and maintenance of the United States' new Columbia Class of
Philly Shipyard teams with BMT on Navy T-AGOS (X) studies Philly Shipyard Inc., the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), is to participate in the U.S. Navy's Auxiliary General Ocean Surveillance (T-AGOS(X)) industry studies under an award made to
Seaway ports get boost from wheat, wind turbines As ports along the Great Lakes-St. Lawrence Seaway System continue to ride the waves of the 2020 shipping season, industry experts see better prospects for the remainder of the season. According to
USCG approves oneTank ballast water management system The Coast Guard Marine Safety Center has issued the 35th U.S. Coast Guard Ballast Water Management System Type Approval Certificate to Glosten spin-off oneTank, LLC after a detailed review of the manufacturer's
Great Lakes Dredge books contracts worth $118.8 million Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) today reported the receipt of several major dredging awards totaling $118.8 million. Chief Operating Officer David Simonelli said, "Great Lakes is pleased to add these
Victory Cruise Lines in collaborative partnership with Cal Poly Victory Cruise Lines (VCL), which is operated by Hornblower Group's American Queen Steamboat Company (AQSC), reports that it has entered a collaborative partnership with California Polytechnic State University (Cal Poly). The partnership
EU's carbon market plan for shipping faces industry backlash Shipping lobby groups have reiterated their problems with shipping's inclusion in the EU Emissions Trading System, which European lawmakers supported...
Weekly briefing: China holds on box market action; pessimistic oil forecasts After inviting container carriers to discuss record rates on transpacific trades last week, China has for now decided against direct...
Malaysian refinery to shut down in November after US sanctions threat US State Department officials gave a November deadline for shipments to the east coast refinery to stop, while 16 million...
Wallenius Wilhelmsen expects to lose quarter of business Treat your workforce well and try to keep your cashflow steady and your customers happy, advises vice-president Karolina Kjellgren
Seadrill suspends debt payments, hires restructuring advisers Seadrill announced forbearance agreements on some of its debts due this month. The Oslo-listed offshore driller has hired the same...
Ports see a return of worker shortages Volumes are returning to normal levels in many ports, but investment plans have been affected by regulatory delays and uncertainty...
IUMI launches claims database A range of major marine claims data is now available for use after three years in development, enabling comparisons across...
Hull underwriters must 'do a lot more' to push up premiums Pricing adequacy - or what should properly be called pricing inadequacy - is finally trending upwards after 15 years, says...
Reefer resilience safeguards sector during downturn The seaborne perishables market is well placed to weather the coronavirus storm due to a broader resilience in the global...
First deepsea LNG containerships prepare for service Technical issues are believed to have been behind the delays in bringing LNG-powered vessels into service
Sovcomflot targets at least $500m from shares sale Sovcomflot wants to list on the Moscow Exchange. It expects that after the IPO is completed the Russian government will...
OOCL backtracks on blanked transpacific sailings Carriers including OOCL's parent Cosco Shipping attended a consultation organised by China's transport ministry intended to curb the skyrocketing spot...
Tanker consolidation to favour first movers on green shipping The broader energy shipping industry 'will become more sustainable' but 'in a consolidated manner', says AET chief executive
Maersk Etienne migrant conclusion must not be the end of the story The Maersk Etienne impasse exposed serious gaps in international law, with no clear instruction about what happens next after anyone...
Daily Briefing Free to read: EU votes to include shipping in Emissions Trading System | Lloyd's loses hull market dominance | Sanctions-evading...
Australia-China tensions set alarm bells ringing for dry bulk market Coal and iron ore might not be spared from Chinese onslaught even though it is difficult for China to source...
Bunker sales may fall up to 17% in 2020 Weak global bunker demand this year is seen as evidence of further collateral damage from the widespread trade disruptions caused...
Decarbonisation needs global rules, says Greek shipping minister There is a need for the shipping industry to reach an agreement on short- and medium-term emissions reduction measures 'that...
Oil price boosted as US facilities brace for Hurricane Sally Brent crude was trading up 15 cents, or 0.4%, at $40.68 a barrel by 0055 GMT on Wednesday, while US...
Maersk and Canadian Pacific boost prospects for Vancouver The announcement by Maersk and CP follows a recent report released by the Pacific Maritime Association stating that Canada's southwest...
Southern California ports see buoyant throughput Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation, reminded a news conference that...
SCPA using BUILD monies to pave way for Walmart distribution center Retail giant will be the first tenant in the port-owned Ridgeville Commerce Park.
Amid supply chain disruptions, open networks foster agility, collaboration (with video) Open networks allow companies in the supply chain to nimbly handle disruptions and collaborate outside their ecosystem, project44 CEO and SAP executives say.
COVID to have lasting effects on shipping supply chain (with video) New Panjiva survey reveals extent of coronavirus fallout on global supply chains.
Last-mile logistics businesses could be next billion-dollar startups (with video) At the American Shipper Global Trade Tech summit Wednesday, Cambridge Capital partners discussed what they look for in an investment.
Freight-tech companies showcase supply chain innovation (with video) Companies present their latest offerings in rapid-fire demos.
Choice: The secret ingredient to creating a cross-border marketplace (with video) "Forager: Manically focused on cross-border with tech" was the topic of a virtual fireside chat at American Shipper's Global Trade Tech summit.
Hurricane Sally tests United Airlines' protections for parked planes It's hurricane season in the U.S. and typhoon season in Asia. Planes on the ground are vulnerable. United Airlines and Hong Kong International Airport reveal...
Newest supply chain technology focuses on bringing players together (with video) Some of the most disruptive companies in the logistics industry came together to show off their latest products and solutions during American Shipper's first-ever Global...
COVID-19 makes volatility the new norm for supply chains (with video) Continuous intelligent planning can help companies avoid stock outs and drive on-shelf availability.
Surviving supply chain disruptions requires good communication, nimble thinking (with video) Effective communication, great talent and good problem solving are three keys to withstanding supply chain disruptions.
Port of LA leader calls for industrywide digital transformation (with video) Gene Seroka says the "disruption and breakdown of the global medical supply chain" during the COVID-19 pandemic highlighted the need for change in the maritime...
Airbus A321 embarks on second act in e-commerce When some passenger planes get long in the tooth, they get a second life in cargo. The latest candidate for conversion in the Airbus A321....
VIETNAM DATA: Aug gasoil imports hit 5-month low as COVID-19 mutes demand Vietnam's gasoil imports slipped to a five-month low in August as demand was battered by a second wave of COVID-19 infections that emerged in late July, latest data showed.
US storms buoy Asian transport fuels amid shaky fundamentals The arrival of hurricane season in the US has injected some much needed fresh support for Asia's transportation fuels markets, as crack spreads and cash differentials receive a boost in light of persistently lagging fundamentals.
Hyundai exports first hydrogen fuel cell system to Switzerland for non-car use South Korea's Hyundai Motor Co. has begun exporting its hydrogen fuel cell system to Switzerland's GRZ Technologies for non-automotive use, the Ministry of Trade, Industry and Energy said Sept. 16.
VIETNAM DATA: August fuel oil imports rise 19% on month despite coronavirus resurgence Vietnam's fuel oil imports rose 19.29% month on month to 41,446 mt in August amid an increase in demand for peak summer power generation, but were still down 49% year on year amid the re-imposition of movement restrictions to contain a domestic resurgence in coronavirus infections, General Department of Customs data released Sept. 15 showed.
Hapag Lloyd hikes container rates on Middle East, Pakistan to North Europe routes German carrier Hapag Lloyd will increase container rates from the Middle East and Pakistan to northern Europe from Oct. 1, the company said Sept. 15.
Bunker sales in Panama rise in Aug with strong increase in high sulfur segment Bunker sales in Panama climbed for the second consecutive month in August, after a steep fall in June, with high sulfur IFO 380 fuel showing the strongest increase.
CLEAN TANKER QUARTERLY: Owners prioritize USGC positioning ahead of Q4 Shipowners with Medium Range tankers in the Americas are focusing on keeping positions close to the US Gulf Coast basin for the beginning of the fourth quarter in hopes that seasonal strength typically experienced in October will reoccur, though effects of the coronavirus pandemic and petroleum product demand destruction make for uncertain times ahead.
Curacao's RdK seizes 1.7 million barrels of PDVSA petroleum from Isla storage The Curacao company Refineria di Korsou, which owns the shuttered Isla Refinery on the Dutch Caribbean island, has seized 1.7 million barrels of crude oil and refined products stored by Venezuela's PDVSA there to secure payments of local outstanding debts, sources said Sept. 16.
Container shortage in Asia may keep trans-Pacific rates elevated in October Container prices on the trans-Pacific route -- which have risen to record highs recently -- typically fall back in October when demand traditionally slows, but this year might be an exception as the shortage of containers in Asia is far from over and likely to persist in coming months, sources said.
US watches Iranian fuel cargoes to Venezuela, keeps up pressure on other shippers US sanctions have deterred all but Iranian tankers from delivering gasoline to fuel-starved Venezuela, and the Trump administration will keep up pressure on the global shipping industry to avoid the trade, a top State Department official said Sept. 16.
EC wants EU to cut CO2 emissions 'at least 55%' by 2030, use more hydrogen The European Commission wants the EU to cut its CO2 emissions by at least 55% on 1990 levels by 2030, up from the current 40%, in a move set to accelerate the switch away from fossil fuels, it said on Sept. 16.
INTERVIEW: North Sea independents have vital energy transition role: Serica CEO The handover of North Sea oil and gas assets to small independent companies will contribute positively to the energy transition as the new owners focus on maximizing efficiency and reducing emissions, while being held to a higher standard than their predecessors, CEO Mitch Flegg told S&P Global Platts.
Singapore 10 ppm gasoil/marine fuel 0.5%S spread at 4-month low amid strong LSFO The spread between Singapore 10 ppm sulfur gasoil and marine fuel 0.5%S narrowed to a four-month low Sept. 15 amid declining stocks of fuel oil coupled with weaker gasoil market.
IMO 2020 marine fuel has heavier CO2 footprint than scrubbers: CE Delft The improvement in fuel quality that accompanies sulfur reduction in refineries means IMO 2020-compliant fuels generate more CO2 in their well-to-wake life cycle than burning high sulfur fuel oil alongside a scrubber, consultancy CE Delft said in a report.
FUJAIRAH DATA: Stockpiles extend decline to almost five-month low Stockpiles of oil products at Fujairah in the UAE dropped for a third consecutive week to the lowest in almost five months, led by declines in marine bunkers and power fuels.
More than 25% of US Gulf oil, gas production offline as Hurricane Sally makes landfall About 27% of US Gulf of Mexico offshore oil and 30% of natural gas output remained offline Sept. 16 after Hurricane Sally made landfall earlier in the day, according to the US Bureau of Safety and Environmental Enforcement.
OIL FUTURES: NYMEX WTI surges 5% following US crude draw Crude prices settled sharply higher Sept. 16 after US Energy Information Administration data showed US crude inventory draws resumed during the week ended Sept. 11.
European Parliament votes to include shipping in EU Emissions Trading System European shipowners pushed back Sept. 16 on a decision in the European Parliament to draft a proposal to include shipping under the EU's Emissions Trading System from 2022.
EIA data shows US crude stocks fall amid refinery rebound, import decline US crude inventories declined in the week ended Sept. 14 as refinery demand rebounded following Hurricane Laura and imports flagged, US Energy Information Administration data showed Sept. 16.
US crude exports slip on week as flows to Asia rebound; flows to Europe lowest since June US crude exports fell by 349,000 b/d to 2.595 million b/d for the week ended on Sept 11, as flows towards Asia jumped, while exports to Europe slid to a three-month-low, data from the US Energy Information Administration and data intelligence firm Kpler showed Sept.16.
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