Finnish RoPax runs aground Viking Line's 1988-built RoPax Amorella, which operates on the Turku, Finland, to Stockholm, Sweden route, grounded at Järsö, in the Åland archipelago at 12.50 pm, Finnish time, yesterday with 200 passengers and
Hornsea Two SOV launched in Turkey Turkey's Cemre Shipyard today launched the offshore wind service operations vessel (SOV) for French operator Louis Dreyfus Armateurs (LDA). It is set to arrive at Ørsted's U.K. east coast operations and maintenance
Manson orders largest ever U.S. hopper dredge Seattle, Wash., based Manson Construction Co. has contracted with Keppel AmFELS to build a 15,000 cu.yd self-propelled hopper dredge at its Brownsville, Texas, shipyard, that will be the largest thus far built
BeHydro unveils 1 MW hydrogen-fueled engine BeHydro, the joint venture set up by Compagnie Maritime Belge (CMB) and engine builder ABC, has now unveiled the first hydrogen dual-fuel internal combustion engine with a power output of 1 MW
Expert panel submits recommendations for safe return to cruising A panel of medical experts formed in June by Royal Caribbean Group and Norwegian Cruise Line Holdings has submitted recommendations to the U.S. Centers for Disease Control and Prevention (CDC) that could
Maersk halts bookings to Sydney amid port strikes The Maritime Union of Australia has led industrial action to protest DP World plans to change rosters and idle time...
Libya export resumption uncertain Exports have been offline since January after the blockade imposed on eastern ports. The oil market is closely watching for any...
South and Central America targeted for zero-emission fuel production South and Central America have the opportunity to kick-start the zero-emissions fuel industry for shipping, says environmental non-profit organisation Ocean...
Project cargo surveyors finding pandemic workarounds 'Ongoing projects have experienced an escalation in costs caused by changes in working practices with social distancing requirements. Additional costs...
BIMCO launches 'first' standard contract for sale and leaseback deals New document is intended to make negotiating transactions easier and cheaper for all sides as leasing deals become 'more prevalent'...
Intercargo calls for impact assessment of ETS inclusion 'They ignored us', says global dry bulk owners' association of move by 'narrow-minded regional decision-makers'
ITF warns against cutting corners on safety The ITF says it understands the need for flexibility during the pandemic, but short cuts taken 'by some in the...
Education key to container packing concerns Safety grouping hopes a trickle-down effect will improve practices where containers are packed, but previous voluntary efforts to improve supply...
Singapore's crew change fund gets boost 'We have all the procedures in place for safe and dedicated passage, but unfortunately what we do not have is...
MISC lines up Mero 3 FPSO bounty for Chinese yards Mero 3, which is one in a handful of FPSOs awarded this year, is pegged to a capex of $2bn-$3bn...
Cargo insurance loss ratios 'deeply concerning' Trade association reveals figures on gross cargo premiums for 2019
US warns box lines against transpacific collusion Federal Maritime Commission has examined market trends in trade lanes serving the US and actions taken by both individual ocean...
OSM takes over Fredriksen's shipmanagement business OSM expects to acquire the Singapore-based SeaTeam Management within the next 30 days. This adds 51 vessels to its fleet...
Low retail inventories boost transpacific demand Surge in demand could be short-lived as retail inventories are rebalanced and recessionary forces come into play
Daily Briefing Free to read: Shipping must see through arguments against transparency | Timing is key as Maersk restructuring puts spotlight on...
Pandemic disruption fans fuel instability concerns A trend among ship operators to buy and store on board fuel oil blends amid a low price environment has...
Euroseas scraps 30-year-old boxship for $2.4m New York-listed owner extends charters on two ships amid Covid-19 uncertainty
Trafigura suezmax to lift Libyan crude after NOC lifts force majeure The Marlin Shikoku is scheduled to arrive in Marsa al Hariga on Thursday as renegade general Khalifa Haftar lifts blockade
Cruise panel recommends Covid-19 safety measures Recommendations follow industry plea to lift US government's no-sail order
Finn Engelsen calling it a day at Grieg Shipbrokers Veteran broker says it is time for a younger candidate to take company forward
Total's new LNG bunker vessel set for first fuelling job in November World's largest LNG bunker vessel named in Covid-restricted ceremony in Rotterdam home port
GP Global-chartered aframax on the run in Sri Lanka An aframax reported sold for scrap for $6m is on the run with a $26m fuel oil cargo linked to bunkerer GP Global
Arbitrage trade revives product tanker markets in Atlantic MR tankers are finding more employment opportunities with increased transatlantic gasoline flows and naphtha movements from US Gulf to Asia
Bimco draws up 'timely' first standard sale and leaseback contract Increasing use of alternative financing method prompted shipowners' organisation to draw up new term sheet
David Herman sees 'deep value' once balance returns to the market Tighter capital and uncertainty over propulsion technology have created a new narrative
Why was Wakashio's crew sailing desperately in search of a signal? High-speed internet is the latest trend in shipmanagement. Which makes it all the more surprising that the bulker that grounded off Mauritius apparently strayed too close to land to get a connection
Rederiet Stenersen sells modern chemical tankers to Neste Norwegian shipowner scores price that's almost as high as duo was it paid to order the vessels
Maersk's Henriette Thygesen aims to kick-start Danish shipping after pandemic Executive vice president is chairing Blue Denmark's Covid-19 restart team
Converted Golar Viking leaves China as FSRU for Croatia Renamed as LNG Croatia, the floating storage and regasification unit will be sited off Krk Island
Ziton eyes Oslo listing with $118m share sale to shore up liquidity Danish offshore wind vessel operator to follow loan restructuring with fundraiser
Delta and Eurotankers drive Greek aframax sale spree forward Asian buyers continue lapping up aframaxes sold by Greeks who reduce their exposure to the sector
Union accuses flag states of enabling crew exploitation ITF say reduced manning levels are forcing seafarers to work unsafe hours during crew change crisis
Polaris sells another two VLOCs for scrap South Korean shipowner has now sent nine large bulkers for recycling this year
Converted Golar Viking leaves China as FSRU for Croatia Renamed as LNG Croatia, the floating storage and regasification unit will be sited off Krk Island
OSM buying Frontline and Golden Ocean's in-house shipmanagement company Norwegian group's expansion continues with takeover of John Fredriksen-controlled SeaTeam Management
Clarksons Research says orderbook now at lowest point since 1989 Analyst Trevor Crowe says ratio could fall even further as a result of Covid-19 and uncertainty over regulations
Scorpio vehicles cash in 95% of holdings in Hermitage Offshore amid bankruptcy case Sales of shares that are likely to become worthless have brought several Scorpio entities a cumulative $5.4m in September alone
Surging boxship shares lead US shipping stocks higher Rebound in investor interest sees 21 New York-listed shipping shares gain ground this week.
Cruise legend Knut Kloster dies at age 91 Founder of Norwegian Cruise Line leaves lasting legacy as the father of the modern cruise industry
Austal names Ian McMillan as new chief operating officer Australian shipyard poaches senior executive from BAE Systems Australia
Passengers evacuated as leaking ropax grounds off Finland Finnish owner blames human or technical error as Amorella gets stuck off Aland islands
Bulkers can harvest rewards from growing North African grain imports Growth in imports, rising demand and burgeoning strategic reserves could support rates
Bulkers can harvest rewards from North African grain imports Growth in imports, rising demand and burgeoning strategic reserves could support rates
Edison Chouest shipyard expanding to fill new tugboat orders The Mississippi yard's tugs will be used to service offshore oil production
Ezion ofloads offshore wind turbine installation vessel for $18.5m Troubled offshore vessel operator said disposal based on unlikelihood of securing work in current market environment
Penglai Zhongbai Jinglu marks MR tanker debut with Raffles Shipping order Better known for bulk carrier building, Zhongbai Jinglu has constructed small size tankers before
Tanker scrapping hits 30 year low as floating storage keeps old ships busy SSY says up to 44 VLCCs are potential scrapping candidates next year if rates remain weak
COVID fears pummel already battered shipping stocks Ocean shipping stocks remain mired in a sea of red. A bad year is getting worse.
Ports of Seattle, Tacoma foresee better volumes ahead Northwest Seaport Alliance CEO John Wolfe is encouraged by an increase in imports so far this month.
Bankrupt LATAM gets financial lifeline Court-approved access to $2.45 billion is expected to help the South American carrier weather the pandemic.
Boeing expands freighter conversion lines as orders increase The 737-800 and 767-300 passenger planes are ripe for converting to all-cargo configurations due to their age and capabilities. Boeing is adding extra capacity to...
Career Tracks: Blume Global hires CFO Tom Williams has led companies through initial public offerings and acquisitions.
Asia residue fuel market - Key market indicators this week The expectation that cargo inflow in October would decline is supporting Singapore Marine Fuel 0.5%S, while the market is also getting support from the downstream delivered bunker market, which sees tightness in barge supply.
Asia middle distillates - Key market indicators this week The Asian middle distillates market is expected to see further downside amid persistent weakness in jet fuel due to tepid air travel demand, while sluggish demand against a backdrop of stubborn oversupply weighs on the gasoil complex.
EMEA Middle Distillates: Key market indicators this week European diesel markets looked weaker as traders saw demand falling back as coronavirus cases in Europe rose, while gasoil and jet fuel markets strengthened.
Asian light ends - Key market indicators this week
Asian naphtha crack widens to year-to-date high on supply tightness Tight supply in the East of Suez naphtha market has propelled the Asian naphtha physical crack spread to a year-to-date high, amid steady demand from Asian steam crackers due to positive earnings for olefins production.
OIL FUTURES: Crude oil moves lower on COVID-19 lockdowns 0622 GMT: Crude oil futures were lower in mid-afternoon trade on Sept. 21, as fresh lockdown measures in Europe proved bearish for oil markets, while key supplier Libya looks set to resume production.
NWE clean barge freight volumes drop on low Rhine levels, weak demand Low water levels along the Rhine river system have been forcing barges to part load, further dampening already low demand for clean barges in the Northwest Europe region, market sources said Sept. 21.
Europe and Africa residual fuel -- key market indicators this week Demand in the European fuel oil market remained largely unchanged last week as the market shifts attention to supply dynamics instead.
Australian government pumps A$70 million into hydrogen export hub The Australian federal government said Sept.17 that it will allocate A$70.2 million ($51 million) towards establishing a hydrogen export hub as part of an overall A$1.9 billion ($1.4 billion) investment in future fuels technologies.
LSGO futures net speculative length hits 6-month low; short positions highest since 2016 Speculative net long positions in ICE low sulfur gasoil futures fell 16,439 contracts to 4,675 in the week to Sept. 15, a six-month low, according to Intercontinental Exchange data.
OIL FUTURES: Brent drops 1.7% after Libya looks to resume exports Crude oil futures dropped at noon during European trade on Sept. 21 as Libya eyes crude oil export prospects after an eight-month blockade, complicating attempts by OPEC+ to curb supply.
OIL FUTURES: Oil sell off extends as pandemic resurgence threatens demand outlooks Oil futures' slide gained momentum in mid-morning US trading Sept. 21 on rising supply outlooks and pandemic-related demand concerns.
AMERICAS BUNKERS: Key market indicators this week Bunker pricing in the Americas starts the week focused on the energy complex, which helped values strengthen in previous days, with some exceptions.
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