U.S. slaps sanctions designations on five Iranian tanker captains The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today took action against the captains of the five ships that U.S.-sanctioned Islamic Republic of Iran Shipping Lines (IRISL) and
Kongsberg books major waterjet order from Incat Kongsberg Maritime has booked a milestone order that will see it make its first delivery of large-size waterjets to Incat. Kongsberg says its scope of supply for the Tasmanian based shipbuilder's 76
Lavle launches Proteus energy storage system Burlington, Wash., headquartered Lavle USA has launched its flagship Proteus lithium-ion battery energy storage system (Proteus ESS). Designed to overcome the limitations of conventional lithium-ion storage technologies, Lavle's Proteus aims to set
VIDEO: Bulker transiting Panama Canal slams into railway bridge The Panama Canal Authority is investigating an incident yesterday in which the 37,332 dwt bulker Bluebill slammed into a span of the Chagres river railway bridge. The 2004-built Cyprus-flagged vessel, which is
ABS grants AiP to dual deadweight bulker design A dual deadweight neo-panamax bulk carrier design from the StandShip Joint Development Partnership (JDP) has gained ABS Approval in Principle. Available in 86,000 and 95,000 DWT designs, the bulk carrier is intended
Kalmarine names Graham Couser VP of Business Development Robert "Graham" Couser has been named Vice President of Business Development at Kalmarine Inc., which has locations in Fort Lauderdale, Fla., and Stavanger, Norway, and offers a range of marine industry project
Great Lakes bulker newbuild project marks a milestone The Interlake Steamship Company and Fincantieri Bay Shipbuilding, Sturgeon Bay, Wis., yesterday hosted a ceremonial keel laying to mark the start of assembly on the first U.S.-flagged Great Lakes bulk carrier to
Steerprop appoints new director of sales and project management Rauma, Finland, based azimuth propulsion specialist Steerprop has appointed Juho Rekola as its new Director Sales and Project Management, effective June 1. Rekola has been with Steerprop since 2017, and has a
Inland pushboat S&P market continues to have a tough ride Coupeveille, Wash., based shipbroker Marcon International had 57 U.S.-flag pushboats listed for sale as of May, but reports no sales thus far this year - reflecting an S&P market that, it says,
Cyprus names Demetriades as deputy shipping minister New appointee welcomed by the industry as Natasa Pilides, who has held the shipping portfolio for the past two years...
GoodBulk seals $200m refinancing amid capesize market surge New loan on improved terms slashes break-even rates for spot-trading ships and is a reward for responsibility, says owner
Weekly briefing: Positive signs for container lines; tankers exit US blacklist In the dry bulk sector, capesize earnings continued their momentum, rising to the highest level in nine months as optimism...
Crew crisis overshadows day to celebrate seafaring Seafarers deserve 'quick and decisive humanitarian action from governments everywhere', says IMO's secretary-general Kitack Lim
UK prime minister pledges commitment to seafarers in crew change crisis 'We will remain fully committed to the welfare of all seafarers, regardless of their nationality' - Boris Johnson
The view of shipping's future through a Japanese lens MOL, NYK Line and K Line could lead the efforts to defeat the forecast that the coronavirus backdrop could derail...
Yard Talk | Japanese builders set out pathways to zero-emission ships The head of shipbuilding at Japan's transport ministry outlines the country's roadmap to zero-emission ships, and offers views on industry...
Stimulus packages 'could accelerate decarbonisation' A Westminster forum has heard that the UK is well placed to drive the clean energy discussion. Lloyd's Register urged the...
'Panama is denying seafarers their basic workers' rights' 'Some seafarers have already been on board for 15 months. This is a kick in the teeth to them and...
Carriers beat a fleet retreat Analysis by Alphaliner has found that 11 of the top 12 carriers reduced their operated fleet capacity in the first...
Supply chains to focus on 'resilience' Shippers need to be prepared to react to certain market outcomes as a result of the coronavirus backdrop, such as...
Valero signs fuel deal with UK port The new agreement includes occupation of a 12-acre storage and distribution terminal adjacent to Associated British Ports' Roath Dock in...
Daily Briefing Free to read: Hin Leong owners seek to safeguard tankers from insolvency | Panama's green light for extended tours draws...
Hin Leong restructuring only possible with owners' assets Singapore oil trader Hin Leong Trading 'grossly overstated' the value of its assets by at least $3bn, according to the...
Suez Canal extends rebates for bulkers and tankers The Suez Canal Authority has extended the discounts offered to bulk and liquid carrier transiting the canal until December 31...
Supertanker rates collapse: 'The dam has burst' Tanker rates have plunged as predicted. How long until a recovery?
Breaking News: Coast Guard searching for tanker crew member Details surrounding the incident are sketchy as rescuers are dispatched.
DHL starts construction of Munich airport facility New DHL Express facility will benefit shippers across southern Germany with European and international freight deliveries.
Only certainty in ocean trade is uncertainty Although "Containers Don't Lie," the story they are telling may not reveal the entire picture.
Can dry bulk woo stock gamblers who bet on tankers? Retail stock pickers bet big on tankers. Dry bulk remains less enticing despite rate surge.
May gasoline exports fall 20% on year, jet fuel slumps 62% to 5-year low China's gasoline exports fell 20% year on year to a 14-month low of 680,000 mt in May, while jet fuel exports plunged 62% over the same period to a five-year low of 560,000 mt, General Administration of Customs data showed June 24.
KPI Bridge Oil bunker grows sales volume 10% in FY2019-20 despite tough markets Bunker fuel company KPI Bridge Oil achieved a 10% year on year growth in its sales volumes in the financial year ended April 30, even as market conditions remained challenging as the industry transitioned to the International Maritime Organization's global low sulfur mandate.
US cruise ship pause weighs on North American bunkers market Many bunkers markets in North America are grappling with the impact of a recent announcement that large cruise lines will extend the suspension of departures from US ports through mid-September.
Near-term outlook said to dim for further North American LNG export development Demand, supply chain and capital budget shocks from the coronavirus pandemic make it unlikely any more North American LNG export projects will secure financing for construction in the next five or six years, according to an S&P Global Platts Analytics outlook issued June 23.
Front-month EFS spread narrows under pressure from incremental gasoil flows into Asia The front-month Exchange of Futures for Swaps has come under pressure in recent trading sessions, with middle distillate traders saying that incremental gasoil volumes seen flowing from the Persian Gulf into Asia have weighed on the complex and sent values lower.
Floating storage volumes start to descend, dragging down VLCC freight The amount of crude stored on tankers is showing signs of a slight descent in response to the waning economics for storage as production cuts and a measured demand recovery aids a rebalancing of the global oil market.
Global LPG export growth set to slow to 3.2% at 112 mil mt: FearnResearch Global LPG export growth is estimated to slow to 3.2% in 2020 on the year at 112 million mt, after recording around 14% annual growth in 2019, FearnResearch said in a recent report.
Crude settles lower as coronavirus spread hampers recovery Crude futures settled slightly lower June 23 as expectations of higher demand stemming from improved economic activity were offset by increases in coronavirus cases.
Crude down on US stocks build, rising coronavirus cases Crude oil futures were weak in late morning trade in Europe on June 24, weighed on by a rise in US stocks and with pockets of rising coronavirus cases around the world raising demand concerns.
Price fall accelerates on US stocks build, output rebound Oil prices extended their fall in the US midmorning June 24 due to an unexpected build in US crude inventories in the week ended June 19.
US sanctions five Iranian ship captains for delivering gasoline to Venezuela The US Treasury Department on June 24 sanctioned five oil tanker captains for delivering 1.5 million barrels of Iranian gasoline and related supplies to Venezuela earlier this year.
US crude exports jumped back over 3 million b/d last week, exports to China remain strong US crude exports jumped back over 3 million b/d last week, for the first time in a month as exports to China remain strong, according to US Energy Information Administration June 24.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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