ABB and Marine Log Webinar: The future of marine propulsion-a deep dive on what's on the horizon Marine Log will join with ABB on Thursday, September 3, from 2 to 3 p.m. EDT for a webinar on the future of marine propulsion in North America. Presented by ABB Marine
Navatek and University of South Carolina awarded $9.2 million ONR contract The University of South Carolina, in partnership with Honolulu, Hawaii, headquartered Navatek LLC, has won a $9.2 million contract from the U.S. Office of Naval Research for the research of power and
NTSB issues report on deadly Alaska barge explosion The National Transportation Safety Board has issued its report into a July explosion that killed the sole crewmember on a barge was moored at the Delong Dock in Whittier, Alaska. The vessel
Metal Shark delivers Near Coastal Patrol Vessel to Dominican Republic Jeanerette, La., shipbuilder Metal Shark has delivered an 85- by 19.5-foot welded aluminum Near Coastal Patrol Vessel (NCPV) to the Dominican Republic's Navy. Named Betelgeuse in the Dominican tradition of naming military
Somali pirate hijacking? Probably not An incident that indicated that the Panama-flagged chemical vessel Aegean II (IMO: 9016911) had been hijacked off the Horn of Africa now looks likely to have been something else. According to the
Wärtsilä profit-sharing deal with Brittany Ferries pays off A profit-sharing deal based on fuel savings signed by Wärtsilä in 2018 with French operator Brittany Ferries is reported to be delivering significant benefits for both companies. The installation of Trim and
StealthGas posts best results since 2013 Looking ahead chairman Michael Jolliffe has warned that conditions will be difficult as it tries to 'strategically navigate' the coronavirus-affected...
TOP Ships calls halt to equity offerings amid raft of 'shareholder-friendly' measures The Greece-based owner said that it will enter into a standstill agreement with Family Trading, a company linked to Mr...
Pirates dressed as police hijacked chemical tanker, reports say Maritime police - or pirates dressed like them - from Somalia's semi-autonomous Puntland region boarded the chemical tanker Aegean II...
Learn the lessons before the next Wakashio comes It would be better if the grounding of Wakashio had not happened. But given it did, attention must now focus...
The Lloyd's List Podcast: In conversation with shipping leaders On the podcast this week David Osler talks to two of shipping's recent intake of leaders setting out their stalls...
Broken Wakashio to be scuttled off Mauritius The scuttling was awaiting confirmation from the chief salvage master that all the hydraulic oil and floating debris has been...
Odfjell profits surge on strong chemical tanker market A drop in contract coverage freed up Odfjell to take advantage of high spot rates and cheaper fuel. It expected...
Hamburg adds to boxports' coronavirus woes Europe's third-largest container port experienced a considerable decline in box traffic during the first six months of 2020. The slowdown...
West of England members face third successive hike in P&I cover West was the only International Group affiliate to impose a general increase in 2018 and one of many to do...
Navios eyes public listing in Brazil for logistics subsidiary Navios Logistics has become a key earnings contributor for the Angeliki Frangou-led group against the backdrop of a struggling dry...
Rise of leasing could see ship finance converge with aviation For decades, airlines have found leasing the easiest way to get their hands on Airbuses and Boeings, and the model...
The week in charts: Tonne-mile demand tanks, carriers bullish on containers July's tonne-mile demand figures for crude oil tankers fell sharply, Lloyd's List Intelligence data shows, particularly from the Middle East...
Performance Shipping sheds last container vessel Since June 2019, the switch in focus has seen the Greece-based company sell its four remaining boxships for $53.4m, while...
India's crude imports have fallen to the lowest level in a decade Crude imports have slumped 36% compared with last year as India's state-run refiners slashed runs, with demand expected to remain...
Daily Briefing Free to read: Singapore crew change criticism | Maersk's strategic U-turn pays off | US bonds offer liquidity lifeline |...
UN denies clearing Rhosus into Beirut port with explosive cargo Meanwhile, some 18 containerships have docked at the port since the explosion, offloading 10,000 teu and taking on another 10,000...
Chemical tanker reportedly hijacked off Somalia Six pirates were reported to have boarded the chemical tanker Aegean II transiting the Horn of Africa 180 nautical miles...
Hyundai Mipo wins $410m in tanker newbuilds from Bahri The newbuilding deal has provided timely support to the South Korean builder amid a severe order drought. Orders won since...
Mauritius may only see limited compensation from Wakashio spill Any liability for the incident under the Bunkers Convention would be capped at a maximum of about $65.17m, according to...
Industry on alert as off-spec IMO 2020-compliant fuel oil is detected Fuel oil products with off-spec sediment content have resurfaced in the Amsterdam-Rotterdam-Antwerp region after a similar high-sediment level problem was found...
Lufthansa Cargo adds pharma storage facility in Munich Lufthansa is expanding its network of cold storage facilities for pharmaceutical products. The network meets the highest industry standards.
ZIM Q2 net profit shoots up 394% Q2 EBITDA increases 53.7% and operating cash flow jumps 86.9%.
Port of Montreal to reopen Sunday after strike truce The Port of Montreal is expected to reopen Sunday after longshore workers and employers agreed on a seven-month truce to hash out a new contract.
FreightWaves Flashback 1965: Motorcycle import boom 1965: 1,538 Suzuki motorcycles arrived in Jacksonville; the port's largest single shipment of motorcycles to date.
Crew members missing after dredging vessel fire in Texas Fire erupts on the Waymon L. Boyd in the Port of Corpus Christi shipping canal.
Breaking news: Port of Montreal longshore workers, employers reach tentative deal to end strike Longshore workers and employers have reached a tentative agreement to end a strike at the Port of Montreal.
Argentina bunkers prices come off multi-month highs despite supply concerns Argentina's spot marine fuel assessments come off multi-month highs Aug. 21 to close the week on a bearish kick, with ongoing supply concerns doing little to mitigate the decline.
OIL FUTURES: Crude prices fall on weak European data, rise in novel coronavirus cases Oil prices fell Aug. 21 as weak European economic recovery news teamed up with concerns about sluggish crude demand amid the ongoing coronavirus pandemic.
INDIA DATA: July crude imports fall 36.4% on year at 2.92 mil b/d India imported 12.34 million mt, or an average 2.92 million b/d, of crude oil in July, down 36.4% year on year, showed the latest provisional data from the country's Petroleum Planning and Analysis Cell, or PPAC, Aug. 20.
Israel's energy sector eyes opportunities following normalization with UAE The UAE and Israel's recent landmark deal heralds significant opportunities for trade between the two countries, including crude and oil products, that could result in new trade flows in the region.
Rising temperatures most likely to hit Russian energy projects furthest North: Trucost An S&P Global Trucost analysis has shown that projects furthest North in Russia, including Yamal LNG, the Bovanenkovo gas field, and the Prirazlomnoye oil field are likely to have the biggest increase in heatwave days up to 2050.
Saudi Bahri orders 10 chemical tankers from HHI Saudi shipping company Bahri has ordered 10 Medium Range chemical tankers from South Korea's Hyundai Mipo Dockyard, part of the Hyundai Heavy Industries (HHI) group, for delivery from Q1 2022 in a $410 million deal, it said Aug. 20.
Argentina's YPF repairs monobuoy in south, a key for exporting heavier crudes Argentina's YPF has completed repairs to a floating oil loading platform in the country's far south, a key for reviving exports and domestic deliveries of San Sebastian heavy crude after months of delays that led some producers to shut wells, a source at the state-backed energy company said Aug. 21.
European diesel barge and paper markets hit 2-month low European diesel markets have slipped lower, with traders reporting that demand has stalled at the same time that new arrivals are weighing on the market.
July container volumes at China's Shanghai port hit all-time high As industrial and economic activity in China continues to recover, monthly container volumes at Shanghai port touched an all-time high in the month of July. The port handled 3.9 million twenty-foot-equivalent, or TEU, container shipments in July, up 1.2% year on year and 8.3% month on month, data from China's Ministry of Transport showed.
Mobility shrinks in key oil consumers amid resurgence of COVID-19 Oil demand indicators in some of the world's biggest consuming countries are in retreat, according to mobility data, amid a resurgence of COVID-19 deaths globally towards levels last seen during first wave of the crisis in April.
Argentina replaces energy secretary, reflecting commitment to shale resources Argentina's Energy Secretary Sergio Lanziani was fired Aug. 21 and replaced him with Dario Martinez, a congressman from the shale-oil rich province of Neuquen, a government source said, a move seen as a sign that more focus will be put on developing the Vaca Muerta shale play.
Barge hits natural gas pipeline in Port of Corpus Christi, causing explosion A dredging barge hit a natural gas pipeline at the Port of Corpus Christi, Texas early Aug. 21, causing an explosion, according to sources.
TENDER DATA: Thailand's PTTGC offers IMO-compliant fuel oil for September Thailand's PTTGC offers IMO-compliant fuel oil for September
Singapore gasoil crack swap slumps to 11-week low amid poor demand, rising supply The front-month Singapore 10 ppm sulfur gasoil swap spread against the Dubai crude swap fell to an 11-week low at the Asian close on Aug. 20, amid weakening gasoil demand and expectations of rising regional supply.
ARA fuel oil stocks rise 10% on week to 1.347 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub increased 10% to 1.347 million mt week on week as of Aug. 19, according to data from Insights Global released Aug. 20, as demand remained at lower levels amid the summer lull period, sources said.
Singapore's residue stocks rise 7% to 5-week high on higher imports Singapore's commercial onshore residue stocks rose 7% week on week to 25.485 million barrels, or 4.01 million mt, over Aug. 13-19, Enterprise Singapore data released Aug. 20 showed, amid a jump in imports coupled with a decline in outflows.
Handysize rates in the Mediterranean drop to 3-year low Freight rates in the Handysize Mediterranean market continued their retreat from the record highs seen in late April, reaching a three-year low on Aug. 20 as tonnage lists lengthen and European refineries cut runs.
Singapore HSFO prompt month backwardation widens to 7-month high The prompt Singapore September/October high sulfur fuel oil backwardation hit a seven-month high on Aug. 20 as HSFO demand from Asia's power sector as well as from refiners both in the US and Asia strengthened amid limited regional supply.
US ELECTIONS: Biden called climate champion, even as Dem platform criticized The messaging was clear at the Democratic National Convention: the planet cannot survive another four years of regulatory rollbacks and pro-fossil fuel policies, and Americans can put their trust in former Vice President Joe Biden to right the ship and usher in the bold policies demanded by science and the scale of the climate crisis.
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