CMA GGM takes delivery of world's largest LNG-fueled containership The CMA CGM group today took delivery of the first in a series of nine LNG-fueled 23,000 TEU containerships. In a first-of-its-kind digital naming ceremony linking the CSSC Shanghai shipyard in China
ABS and Israel Shipyards collaborate on 3D model project ABS is approving Israel Shipyards' 3D models as part of its plan review of the shipbuilder's 45-meter multi-mission Offshore Patrol Vessel (OPV). "Israel Shipyards is our latest partner where we have been
Passenger Ferry Designers Look Ahead Though the COVID-19 pandemic has put a dent in recent passenger demand, designers are looking ahead to a, hopefully, brighter future with a slew of interesting new and greener designs. An innovative
FERRIES 2020: Establishing a new normal during the pandemic Marine Log's FERRIES 2020 event will be held virtually this year on November 9-10 from 1 to 4 p.m. EST. Speakers will include Drew Orvieto, who is the Engineering Manager and head
Houston sees pick up in container activity Port Houston's container activity in August neared 2019's record volume levels for the first time since the impacts of the COVID-19 pandemic. In the month of August, the port handled 248,630 TEUs,
VIDEO: Ocean Infinity orders a fleet of robot ships Marine robotics company Ocean Infinity, which specializes in seafloor analysis and oceanography services, has placed an order with Norwegian aluminum workboat specialist Grovfjord Mek. Verksted (GMV) for what it calls "an armada"
Dredge completes 2,000 hours operation on biofuel Jan De Nul Group's trailing suction hopper dredge Alexander von Humboldt recently completed 2,000 hours operation on 100% renewable, second-generation biofuel oil (BFO). The Alexander von Humboldt is a twin-screw vessel, with
MOL pays $253,300 to settle CARB at-berth violations Mitsui O.S.K. Lines (MOL) has paid $253,300 in penalties to the California Air Resources Board (CARB) for violating the Ocean-Going Vessel At-Berth Regulation. The rule requires container, passenger and refrigerated cargo ships
Tanker owners focus on sustainability Uncertainties remain about which fuel types will be developed to meet global emission reduction targets, which is dimming newbuilding enthusiasm
Insurers respond to piracy risk in Gulf of Guinea The Gulf of Guinea is considered a greater risk area following recent piracy attacks further out from Nigeria's economic zone...
DNV GL backs LNG for the decarbonisation journey The class society warns that localism and idealism will create a patchwork of regulations that spells trouble for shipping. Collaboration...
Recycling rise needed to support tanker market as demolition hits 29-year low Very large crude carriers comprise 40% of scrapping candidates, followed by aframax tankers
Salvage of capsized Golden Ray clears hurdles for October start 'As with any major wreck removal, there is always a need for creative solutions. I think that's what makes a...
From the News Desk: Shipping objects over EU's carbon market vote The European Parliament's vote to include shipping in the European Union's Emissions Trading System from 2022, as well as a...
Yard Talk | Why China is looking to China to support its shipping strategy China has long sought to support the basic strategic goal of more Chinese cargo being carried by more Chinese ships...
Maersk Tankers appoints Holth and Brennan to board Holth secures a second board seat in the Maersk family after joining Maersk Drilling - and taking a position with...
Chinese leasing houses weigh options amid uncertain outlook Anaemic growth in drawdown suggests Chinese shipping lessors are slowing their expansion in an increasingly volatile market. But they are...
Euroseas hails strong boxship market amid unpredictability Chief executive Aristides Pittas said the improved strength of the market for intermediate boxships was reflected in a charter extension...
First LNG-fuelled deepsea boxship enters service CMA CGM has reaffirmed its commitment to carbon neutrality by 2050 with the service launch of the first of nine...
Coronavirus resurgence weighs on oil demand and tanker earnings Stalling crude demand may deepen contango trades, but doubts emerge this will offset lower-than-anticipated exports and lift tanker earnings
Daily Briefing Free to read: Libya export resumption uncertain | OSM takes over Fredriksen's shipmanagement business | Low retail inventories boost transpacific...
South Africa plans green ship recycling yard The facility, on the west coast of South Africa, would use a shiplift to transfer vessels into an environmentally friendly...
CMA CGM containership sets US east coast record 'Our port partners on the east coast played a crucial role in making this feat possible, by implementing the necessary...
Seattle and Tacoma see reduced containerised throughput The news from the Pacific Northwest stood in stark contrast to announcements from California during the past two weeks, where...
Keppel O&M seals deals worth $147m The contracts, although with relatively small values, are the first in several months as coronavirus outbreak-related economic and operational issues...
Hong Lam acquires Xihe Group's chemical tanker newbuilding The 13,800-dwt tanker is the third newbuilding sold by China's Fujian Mawei
IMO keeps up lobbying efforts on crew changes during UN General Assembly The IMO issues another call for action as the UN General Assembly heads into its high-level debate week
DNV GL: Shipowners should opt for dual fuel engines in decarbonisation drive Classification society predicts the coming decade will still be dominated by oil-based bunker fuels
Fewer fixtures mean VLCC rates continue to slide The Baltic Exchange said the time charter equivalent for a VLCC fell further on Tuesday
Dry bulk market perks up amid positive sentiment Capesizes see higher rates in both Atlantic and Pacific basins, according to brokers
Russia's flagship ice breaker newbuiling Arktika leaves yard World's largest nuclear-powered unit heads for Murmansk after over six years in the making
PSV term rates down 43% in 2020 as markets soften worldwide Clarksons Research says challenging times remain for shipowners, but renewables sector remains a bright spot
GP Global-chartered tanker threatened with arrest for misdelivering cargo Dispute erupts after a cargo was misdelivered to receivers, causing the financing bank to threaten to arrest the ship
Hafnia tanker speeds up to evade pirates off Ghana Hafnia Phoenix thwarts potential attack by speedboat with a ladder visible on board
Supramax price gap spawns S&P deals Some Greek buyers find these bulk carriers a much more attractive proposition than bigger tonnage
Offshore Heavy Transport completes $60m share sale Cash to be used to finance offshore wind turbine installation vessels
Covid-19 to drive change in hard-hit car carrier market Wallenius Wilhelmsen's Karolina Kjellgren says market disruption is forcing change across the sector
CMA CGM kicks off new era for LNG-fuelled boxships Watershed moment as Eastern Pacific-owned vessel is first dual-fuel containership to sail from Asia to Europe
S&P deal book: KGJS puts LR3s on the block; capesize values near seven-month high Norway's Stenersen strikes deal with Neste to sell modern chemical tankers
CMA CGM takes delivery of flagship LNG-fuelled containership Company founder Jacques Saade's lends his name to pioneering giant boxship
Hafnia tanker reported to have evaded pirates off Ghana Hafnia Phoenix speeds up to thwart potential attack by speedboat with a ladder visible on board
BIMCO and US brokers float new gas carrier voyage charter party Move is an effort to shift from adapting and amending charter parties from 1970s tanker documentation
Euronav's De Stoop names the winners in alternative fuel race Tanker company boss putting his money on hydrogen and ammonia over LNG
Kristin Holth and Michael Brennan to join Maersk Tankers board Danish tanker operator announces changes to its board as Paul Reed steps down as vice-chairman
Lorentzen & Stemoco reports deeper loss for challenging 2019 Chairman claims things are turning around for the company
Qatar sifts through newcomer credentials for LNG carrier haul Shipowners watch eagerly for newbuilding tender but they might have some weeks to wait
Crew members recount final harrowing moments of car carrier capsize Everything seemed normal moments before ship was turned into 'death trap', according to crew evidence
Final harrowing moments of car carrier capsize revealed Everything seemed normal moments before ship was turned into 'death trap', according to crew evidence
LNG bunker suppliers jostle for contract to fuel BHP bulkers BHP's five LNG-fuelled newcastlemax bulkers will account for 10% of LNG bunkering in Asia
US and Australian companies finalise deal for Hanjin shipyard takeover Marine administrator Robert Empedrad says agreement in place to revive failed Subic Bay plant
South Africa aims to muscle in on green ship recycling Industrial development agency plotting new facility in Saldanha Bay
S&P deal book: KGJS puts LR3s on the block; Stenersen sells chemical tankers to Neste
Clarksons: EU emissions scheme could add $4,000 per day to operating costs Analysts Frode Morkedal and Omar Nokta come up with calculations based on aframax bunker consumption
Oon & Bazul strengthens legal team with new partners Singaporean law firm expands presence in mergers & acquisitions and restructuring & insolvency spaces due to increased demand
Keppel Corp confirms El Salvador FSRU conversion contract Latest deal part of $147m worth of work secured by Singapore-listed shipyard group
Icon Offshore seals potential eight-year charters for accommodation units Malaysia's largest offshore vessel operator will see vessels deployed in nearby Brunei
Investigator testifies Golden Ray violated stability regulations Naval architect says the release of 1,500 tons of ballast left the ro-ro vessel without the needed energy to make a turn leaving the Port...
Midsize forwarder makes big charter commitment to Pittsburgh airport (with video) Pittsburgh International Airport is a diamond in the rough when it comes to air cargo. The airport sits in a geographic sweet spot for reaching...
October gasoil EFS widens to 3-month high on European demand weakness The front-month gasoil Exchange Futures for Swaps widened to a near 3-month high on Sept. 21, led by a weakening European diesel market as sources pointed to a lack of demand and ballooning stocks in the Amsterdam-Rotterdam-Antwerp trading hub.
EMEA light ends: Key market indicators this week The European light ends complex has largely strengthened following US export and import trends as well as a bearish refinery outlook.
High credit values outweigh cost of production for US renewable distillates Rising prices for government credits have pushed the value of available incentives above the cost of production for renewable distillates, according to data analyzed by S&P Global Platts.
Glut pushes NWE diesel onto floating storage despite unfavorable economics: sources Increasing oversupply in the European ultra low sulfur diesel market and the lack of inland storage in Northwest Europe are prompting more cargoes onto floating storage despite questionable economics.
European 0.1% gasoil paper markets at multi-month highs Swaps for 0.1% gasoil barges in the Amsterdam-Rotterdam-Antwerp trading hub and cargoes in the Mediterranean have risen to two-month highs on the back of low supply in the Mediterranean and an anticipation of small improvements in heating oil demand in France, sources said.
OIL FUTURES: Crude oil edges lower on fresh lockdowns, Libyan production 0618 GMT: Crude oil futures were lower in mid-afternoon trade on Sept. 22, as fresh lockdown fears, particularly in Europe, coupled with the return of Libyan oil to the market, put pressure on the sentiment.
Intercargo, Intertanko raise concerns over EU ETS for shipping The International Association of Dry Cargo Shipowners, or Intercargo, has become the latest forum to lash out at shipping's inclusion in the European Union Emissions Trading System, or EU ETS, as it said the move ignores the industry's call for collaboration over reducing greenhouse gas (GHG) emissions.
OIL FUTURES: RBOB cracks retreat as UK institutes new social restrictions RBOB cracks retreated midmorning Sept. 22 amid a renewed focus on demand growth concerns as resurgent coronavirus in the UK prompted the government to institute a wave of new lockdown measures.
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