Fincantieri Bay lays keel for LNG bunkering barge Fincantieri Bay Shipbuilding and Polaris New Energy hosted a private ceremonial keel laying last month celebrating the start of construction of an LNG (liquefied natural gas) ATB bunkering barge. The barge will
ACBL President and CEO Mark Knoy to retire After successfully guiding the company through a prepackaged Chapter 11 restructuring and recapitalization, Mark Knoy is to step down as President and CEO of Jeffersonville, Ind.-headquartered American Commercial Barge Lines Inc. In
USACE Memphis District bank grading work continues Memphis Engineer District Commander Col. Zachary Miller recently visited Island 68, a project site in Arkansas, where he met with the district's Bank Grading Unit and reviewed progress made at the site
U.S. shipbuilding suppliers support moves to strengthen "Buy American" requirements The American Shipbuilding Suppliers Association (ASSA) has released a Statement of Policy today defending and supporting the work of House Armed Services Committee (HASC) lawmakers who are working to pass legislation that
VIDEO: Two trimarans in "sprint" showcase Austal capabilities Austal Australia has released video showing two of its trimaran ferries in a side-by-side "sprint" off the coast of Perth, Western Australia. As the 118 meter Bajamar Express (Austal Hull 394) was
CDC extends cruise ship No Sail order The Centers for Disease Control and Prevention (CDC) has extended its No Sail Order for cruise ships through September 30, 2020. This order continues to suspend passenger operations on cruise ships with
Spotlight on the 40% of seafarers trapped by crewing crisis Despite summits, pledges and pleadings, the plight of depressed, anxious and exhausted seafarers remains as crew-change locations remain in short...
Crewing costs soar as shipping's spat with airlines leaves seafarers stranded The price of flights and quarantine accommodation has increased exorbitantly and added to the delays seafarers are facing
BNP Paribas becomes world's largest shipping bank The decline in ship finance being provided by western banks 'appears to have run its course', says Petrofin Research
First tanker calls at US Gulf export terminal Extra pipeline capacity from shale-producing regions to the US Gulf - a major constraint to rising shipments until the coronavirus...
The week in charts: New crew-change hub emerges; tanker rates dip Efforts made by the Philippines to create a 'green corridor' for crew changes to take place appear to be paying...
Rio Tinto sees China demand recovery The mining giant expects to ship 324m tonnes-334m tonnes of iron ore this year from its Pilbara operations in Western...
Shipping embraces decarbonisation start-ups Cargill, DNV GL, Shell and Vale are among companies that have set up 45 partnerships with start-ups after a six-month...
Marine insurers factor in coronavirus uncertainty Fewer sailings and slow steaming should mean fewer claims, but drill down and the picture is far complicated than that
China ports tighten reefer container control amid virus concerns Move comes after Chinese customs authority at some domestic ports detected coronavirus on the packaging of frozen white shrimps
Yemen tanker spill would be 'four times worse than Exxon Valdez' - UN The UN Security Council has been told Safer is deteriorating daily and no effort should be spared to first conduct a...
TEN eyes expanding its presence in VLCC sector Tsakos Energy Navigation is considering buying very large crude carriers, even without employment lined up in advance
Wärtsilä profit drops 51% in second quarter The company said it was clear that the effects of the coronavirus pandemic on its 2020 financial performance would be...
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Daily Briefing Free to read: Crew crisis: China-bound bulk carriers divert to Philippines | Hin Leong owners sell repossessed vessel | Shipping...
Sights set on strong leaders as Singapore's maritime sector faces testing times The new political leaders covering the maritime remit in Singapore must have the necessary insight and leadership skills for these...
LA port expects cargo volume to drop 15% in 2020 Port reels from the seismic effect of the Sino-US trade dispute and the effects brought about by the coronavirus situation
First Gen shortlists LNG storage bidders In March 2019, First Gen modified its plans to include an FSRU as a preliminary step to import LNG. The...
Bridge 'critical' to Northwest Seaport terminal operations Operational lower level essential to movement of goods and economic recovery.
ILWU: Don't blame labor for ports' market share drop "Employer groups should not play American ports against one another," says longshore union leader.
FreightWaves Flashback 1972: Tropicana employs rail-sea shipping for its citrus exports 1972: Tropicana is now exporting around 70,000 shipping tons annually with 90% going to Western Europe.
Air Canada cargo chief to head freighter operator Amerijet Tim Strauss is leaving Air Canada Cargo to lead Miami-based Amerijet.
Pilots blame Atlas Air, FAA for 2019 freighter crash Blame game: The National Transportation Safety Board says an incompetent co-pilot caused an Atlas Air cargo plane to crash. Contributing factors were an inattentive captain,...
NWE 0.1% gasoil premium hits 10-week low on bleak demand outlook The physical premium for CIF northwest Europe 0.1% gasoil cargoes dropped to a 10-week low, as demand in region flatlines due to warm summer temperatures and high end-user stock levels with no improvement expected by sources until after summer.
Singapore's residue stocks slip from 3-year high amid emerging buy interests Singapore's commercial onshore residue stocks stood at 26.11 million barrels, or 4.11 million mt, as of July 15, down 2.1% from a week earlier when stocks had hit a three-year high, Enterprise Singapore data released on July 16 showed.
Asia piracy incidents double in first-half 2020; Abu Sayyaf planning attacks: watchdog The same trend was seen across the Singapore Straits, where incidents doubled on the year to 16, and now account for one third of the total incidents in Asia, inter-governmental watchdog ReCAAP said.
Singapore front month Marine Fuel 0.5%S contango narrows as buying interest rises The front end August/September Singapore Marine Fuel 0.5%S derivative narrowed to a four-month high of minus $2.25/mt on July 16, Platts data showed, on the back of stronger buying interest.
European diesel paper markets reflect tighter supply, better demand The diesel market has tightened in Northwest Europe as demand in the region approaches normal levels and a lack of arbitrage opportunities into the region reduces supply.
Med 0.1% gasoil premium to NWE rises on lower arrivals, North Africa demand Physical and swaps premiums for 0.1% gasoil in the Mediterranean rose relative to their Northwest Europe equivalents July 16, as supply for high sulfur gasoil in the region tightened on lower exports from the Black Sea and demand from North Africa increases.
Crude slates shift as European refiners look to mitigate dire margins As refining margins stubbornly remain in the doldrums in Europe, oil refineries have tried to adapt to this new normal by becoming more flexible and creative in their baseload crude purchase requirements, traders said.
Europe's road traffic recovery starts to slip as second-wave fears mount Road traffic levels in most of Europe's biggest economies are easing back from post-lockdown highs amid rising concerns that measures to contain a second wave of coronavirus infections will throw the region's fuel demand recovery into reverse.
H1 container throughput at Los Angeles, Long Beach ports drop 11% on year Container throughput at the Ports of Los Angeles and Long Beach fell by 11% year on year in the first half of 2020, and could face a sharper decline later this year as the global coronavirus outbreak continues to hamper trade.
European HSFO garners more support on OPEC+ cuts Analysts are also warning that due to the OPEC+ production cuts dominated by Middle Eastern producers, fuel oil could become scarcer as crudes from the region typically yield a higher percentage of the product.
ARA fuel oil stocks down 12% on week to 1.304 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub fell 12% to 1.304 million mt in the seven days to July 15, according to data from Insights Global, back to levels seen in late March and the beginning of April in the early stages of the coronavirus pandemic.
FEATURE: USGC MR crunch, diesel export interest drive freight out of doldrums A gradual tightening of clean tanker tonnage in the first few weeks of July brought US Gulf Coast-loading freight up as much as 108% from 2020 lows observed in June, coinciding with higher USGC ultra low sulfur diesel stocks and increased refinery runs.
OIL FUTURES: Prices dip as US coronavirus surge clouds demand outlooks Oil futures dipped July 17 as rising coronavirus cases prompted demand growth concerns, and global production is set to climb.
Wartsila's H1 orders drop on coronavirus, sulfur spreads Finnish marine technology company Wartsila's order intake fell 19% to Eur2.259 billion ($2.578 billion) in the first half of 2020 due to the coronavirus-generated fall in passenger numbers and a collapsing 3.5%-0.5% sulfur fuel oil spread.
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