OSG secures $49.1 million loan for Jones Act ATB project Overseas Shipholding Group, Inc. (NYSE: OSG) reports that it has closed on a $49,150,000 loan for a term of seven years. OSG's subsidiaries, OSG 205 LLC and OSG Courageous II LLC, obtained
AET shuttle tanker is first to gain ABS SMART (INF) notation The 152,000 dwt DP2 shuttle tanker Eagle Passos, recently delivered to Singapore headquartered AET Tankers Pte Ltd by Samsung Heavy Industries Co., Ltd. (SHI) has been granted the SMART (INF) notation by
MAN to offer EGR solution for new Otto-cycle dual-fuel two-stroke MAN Energy Solutions is to offer its proprietary EGR (Exhaust Gas Recirculation) system as an emissions solution for its new, low-speed ME-GA engine, the Otto-cycle variant of its established ME-GI dual-fuel engine.
Teekay Gas inks LNG support agreements with Wärtsilä Wärtsilä has signed two LNG support agreements covering a total of eight LNG carriers owned by Teekay Gas. The agreements, each for four vessels, were signed in August and September of this
Netherlands operator to fit tugboat with Sea Machines remote helm Looking to increase productivity and operational safety during offshore operations, Barendrecht, Netherlands, based tug and workboat operator Herman Sr. BV is to add a Sea Machines Robotics SM200 wireless, remote-helm control system
DOJ: 31 indicted in USCG exam scam The United States Attorney's Office for the Eastern District of Louisiana reports that 31 people have been indicted on charges related to a test score-fixing scheme at the U.S. Coast Guard's Regional
Offshore wind needs $12bn of investments in new vessels Recent initial public offerings of vessel installation and support services companies are indicative of the slow but growing interest in...
Marine insurance outlook in two words - more expensive Given a spate of pool claims, reduced capacity at Lloyd's and higher reinsurance costs, insureds will have to put their...
UK shipping backs IMO market-based measures talks The UK industry body wants the priority to be on finalising a new $5bn research and development fund that the...
Noble Corp debt restructuring clears path to US bankruptcy exit Texas offshore drilling contractor Noble Corp has cleared its way out of Chapter 11 after a court approved its restructuring...
Hong Kong Ship Finance & Law forum available to watch on demand The Lloyd's List Hong Kong Ship Finance & Law Forum gathered a panel of leading financial and legal experts to...
Habben Jansen and Nixon to co-chair World Shipping Council Hapag-Lloyd's Rolf Habben Jansen and ONE's Jeremy Nixon are to take over the chairmanship of the WSC. Matson and X-Press...
Resold China-flagged tankers lift first Venezuelan cargoes in six months Sales and purchase brokers note trend of elderly tanker tonnage being sold to anonymous buyers for sanctions busting
Safety report unveils connivance on dangerous practices The industry has spent eight months complaining that its key workers should be repatriated swiftly. In reality, it has spent...
We're driving to zero carbon, not zero humanity Whatever lofty future goal we pursue, it's important to remember that policy and technology are only part of the solution...
Europe's box ports still suffering from lower volumes While US ports have seen surging imports lead to record-breaking quarters, the picture in Europe is less rosy. Improvements in...
Starved shipbuilders offered ray of light Owners are returning to yards fuelled by improved freight market sentiment and low ship prices. However, shipyards must be vigilant...
Singapore Strait thefts on the rise Singapore's piracy watchdog ReCAAP reported a rise in maritime crime incidents in the Singapore Strait, mostly on the Indonesian side...
More P&I clubs weigh in with general increases The majority of International Group clubs have now declared their hands and will be expecting higher premiums at the next...
Hong Kong well positioned but dependent on external forces There is not much Hong Kong can do to control its external environment and this will inevitably affect its fate...
A grain of hope for supras and handies Lloyd's List Intelligence vessel tracking data shows that the 2015-built, 37,503 dwt vessel Ince Point carrying Australian wheat is scheduled to...
From the News Desk: Disappointment at slow pace of IMO green progress A new short-term hybrid technical and operational measure, which will see new energy efficiency requirements from 2023 and mandatory carbon...
Daily Briefing Free to read: Newly sold Greek tankers sail for Venezuela defying US crude export sanctions | Greek owners urge priority...
Containership runs aground in Singapore Strait The cause of the incident and the reason why the wreck of the sanctioned Shahraz has been left in location...
Daehan Shipbuilding lines up potential $92m aframax order Greek interests are said to be returning to the yard for one firm and one optional vessel for delivery in 2022
OSG secures loan deal for tug, under construction barge The Jones Act tanker player's financing deal will pay for the construction of a new barge and refinance a tug
CDC reiterates March warning against cruising amid Covid-19 Carnival Corp's P&O Cruises pushes back sailing restart to April 2021
Canada calls for scrubber ban despite IMO 2020 mandate Findings of a study on exhaust gas scrubbers are 'alarming', environmental group Stand-earth said
World Shipping Council signals changing of the guard as Ron Widdows bows out Rolf Habben Jansen and Jeremy Nixon to co-chair Washington-based liner lobby for next two years
Jean Abiteboul takes helm at LNG importers group GIIGNL Gas group to be led by former Cheniere Marketing head as Jean-Marie Dauger ends term
EU, Turkey in war of words over Mediterranean cargoship boarding Turkey lodges protest after German forces working for the EU reportedly board cargoship
Reach plots 'virtually' emissions-free subsea solution next year Norwegian company reveals mysterious project to revolutionise offshore operations
Tanker newbuilding deliveries fall to six-year low in bearish markets Alphatanker predicts 25 tankers in this year's orderbook will be delayed to 2021
US investment firm sells major stake in Danaos Corp Cerberus Capital Management's exit is 'a good thing' for Danaos, according to chief financial officer
Active Shipping-connected tanker to be auctioned in Louisiana Dublin-based loan buyer has succeeded in its second attempt to auction the ship
Minerva to launch bunkering platform in transparency push The system developed with Hafnia will allow customers to see how much fuel they are receiving in real time
Windward partners Danske Bank on shipping sanctions compliance Israeli intelligence company to automate shipping lender's risk processes
Titan LNG launches new tools to show delivered prices of LNG Dutch supplier wants to increase transparency and facilitate cost comparisons for shipowners' fuelling choices
US watchdog investigates 'potentially unreasonable practices' of boxship alliances Regulator 'compelled' to step-up scrutiny due to growing port congestion
Berge Bulk poised to sell another large bulker for scrap Singapore shipowner has has sold 10 large bulkers in less than two years
First commercial LNG STS gets underway off Russia's Kildin Island Arctic transshipment operations move from Norwegian to Russian waters
AP Moller Holding plots bulker terminal expansion across Africa Danish investment company buys into Moroccan operator MCM to help growth ambitions
Cleaves downgrades LNG shipowners but sees super-cycle from 2025 Rate and delivery concerns prompt sell rating from Norwegian investment bank, with the next boom some time off yet
Samsung Heavy Industries prices Zvezda job on LNG carriers As Russia's flagship yard cuts steel on first Arc7 newbuilding for Novatek's Arctic LNG 2 project
Gallagher calls for a more calculated approach to P&I finances Now is the time for clubs to put mechanisms in place to return surplus capital to members, argues Malcolm Godfrey
Ince expands consulting arm with new business in Gibraltar UK territory's regulator allows law firm to move into fund administration for shipping
MOL tests first microplastics collection kit on new bulker Japanese owner teams with equipment maker Miura to help keep the world's oceans cleaner
Greek shipping minister contracts Covid-19 as country struggles in second wave Minister said to be in good health but disease spreads in the country, despite lockdown
London P&I Club and American Club seek higher rates Two more insurers show their hand on premium increases ahead of next year's policy renewal
Greek boxship hits Iranian vessel grounded since May Technomar's Tina I is now aground itself after incident off Indonesia
Boa uses spare construction ship cash for bond buy-back Bondholders suggest that company spends bank balance on 9.75% issue
George Economou exits boxships as other Greeks delve deeper into midsize sector Greek owners spin revolving door in the secondhand market for post-panamaxes
Golden Ocean shelves plans for ultramax sales as bulker prices flounder Fredriksen-backed bulker owner would concentrate on bigger vessels, if only markets were right to sell its remaining ultramaxes
Economou exits boxships as other Greeks delve deeper into midsize sector Greek owners spin revolving door in the secondhand market for post-panamaxes
Transmed sells oldest bulker at second attempt Low-profile operator sheds a 16-year-old panamax for $6m, earning about one-fifth less than in an earlier sale attempt last year
Bangladesh 'cartel' calls it a day as ship-hungry breakers rebel Group of demolition yards tried to hold a firm line on prices but could not secure enough tonnage
Bangladesh's only green recycler chomps on Neu Seeschiffahrt VLOC Hong Kong Convention compliance nets PHP Ship Breaking & Recycling a steady stream of older ore carriers
Solving the dry ice challenge for COVID vaccine UPS Healthcare is increasing its capability to provide dry ice for COVID vaccine shipments while Swiss firm SkyCell is going to market with a shipping...
Ag export equation: Bulk surge, box squeeze, 'reefer madness' Bulk soybean and corn exports are way up, but containerized ag exports are waylaid by equipment shortfalls and Chinese inspections.
French-American Thanksgiving: CMA CGM donates 10,000 turkeys "While COVID-19 has fundamentally shifted how many American families will celebrate Thanksgiving this year, we are very proud to be providing a bit of home."
Foreign sourcing to delay Canada COVID-19 vaccine distribution Canadian Prime Minister Justin Trudeau said his government will be ready to distribute vaccines "as quickly as possible," but acknowledged that the manufacturing countries will...
Retired British Airways 747 catches fire during recycling in Spain e-Cube Solutions is tearing down four 747 jumbo jets from British Airways for parts and scrap. On Monday, one of the planes caught fire.
Tugboat captain presumed lost off Florida coast Ozzy Martinez had been transferring to a dredging vessel when he fell overboard near Blount Island in Jacksonville.
OIL FUTURES: Crude tests eight-month highs as market eyes Biden transition **Biden transition begins in earnest **Crude strongest since March **US equities test all-time high
Industry groups push potential of bio-LNG as transportation fuel **EU production of bio-LNG to increase tenfold by 2030 **Mixed with LNG can cut trucking emissions **Industry developments build for bio-LNG expansion
Jan-Sept Port of Hamburg throughput falls amid mixed trade dynamics **Trade with China falls 11.3% **UK trade rises 41% ahead of Brexit **Global outlook supportive for containers
ANALYSIS: NWE gasoline arbitrage to US weakens after Thanksgiving freight rate rise **US demand falling seasonally and on COVID-19 **NWE gasoline crack near negative territory
REFINERY NEWS: France's Donges to halt for one month for economic reasons **Refinery to shut starting Nov. 30 **Supply of products will not be affected
Asia may surprise with early start of hydrogen trade flows: summit **South Australia eyes green hydrogen exports by 2025 **Kogas speeds up investment in production, supply chains **Speakers say hydrogen will become essential, not optional
Uniper Energy, Neutral Fuels partner to provide maritime biofuel in Fujairah by Jan **UED currently supplies 500,000 mt/month of VLSFO at Fujairah **Neutral Fuels' biofuels made from used cooking oil
THAILAND DATA: Oct oil product exports fall as monsoon dents regional fuel demand **Exports of products including heavy fuel oil fall 7.4-53% on-month **Lower refinery runs, weak demand may have caused decreases
ANALYSIS: US crude stocks expected lower amid rising exports, refinery demand **Commercial crude stocks expected down 1.3 million barrels **Refinery runs expected at 78.2% **Gasoline stocks expected 800,000 barrels higher
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