ST Engineering introduces innovative SOV design An offshore wind Service Operation Vessel (SOV) design developed by ST Engineering will be available from both its Singapore yards and its Halter Marine shipyard in Pascagoula, Miss. The SOV is based
NY Waterway steps up commuter services to Manhattan As more New York City businesses open up, ferry operator NY Waterway is ramping up ferry service between New Jersey and Manhattan, starting Monday, June 29. In a letter to customers, founder
COVID-19: U.S.-flag containership held off Virginia Beach Vessel tracking services were this morning showing the U.S.-flag containership Maersk Idaho as still at anchor some 8 miles off Virginia Beach, Va., as its owner Maersk Line Limited worked on a
Closures to Illinois Waterway Locks remain set for July 1 Beginning July 1, the Rock Island Engineer District is temporarily closing the Dresden Island, Marseilles, Starved Rock, Peoria and LaGrange locks on the Illinois Waterway to facilitate needed repairs and maintenance. The
President Trump visits Fincantieri Marinette Marine President Donald J. Trump visited Fincantieri Marinette Marine yesterday, following the shipyard's recent award of a $795,116,483 Navy contract to design and produce the next generation small surface combatant, the Guided Missile
VIDEO: Belfast consortium gets grant to help build zero emissions ferries A Belfast, Northern Ireland, Maritime Consortium has won a £33 million (about $41 million) U.K. Government innovation grant to develop zero emissions ferries. With further investment from consortium partners, the total project
The Lloyd's List Podcast: Emanuele Grimaldi on waiting for the world to restart Italian shipowner Emanuele Grimaldi is our return guest on the podcast this week. He talks candidly about waiting for the...
Grimaldi calls for tougher fire safety cargo safeguards Emanuele Grimaldi has long called for changes to cargo rules amid fires from reefer units, car batteries and misdeclared cargo
Shipping's commitment to seafarer welfare challenged Research reveals that startups focusing on machinery performance attract four times more investment than startups looking at human factors
Globus prices new fundraiser Dry bulk carrier owner's share price plunges after offering grosses $12.4m
Pandemic accelerates change in box shipping The pandemic will not change the course of container shipping, but it will help it get there sooner
Hin Leong: Banks in crossfire as PwC plays hardball PwC's unusually candid revelations of the extent of Hin Leong's wrongdoing have prompted questions over how far the probe is...
MSC Zoe report raises risks for containerships Dutch Safety Board calls for better risk assessment for boxships transiting sensitive areas
Exmar receives force majeure notice Exmar says that it considers the notice issued by YPF to be unlawful
The week in charts: Twelve-year highs for dry FFA volumes; tanker rates tumble Freight derivative volumes exceeded 65,000 lots last week, the highest level seen since the height of the financial crisis in...
Seanergy eyes 'positive' capesize market Nasdsaq-listed owner plots early reverse stock split to cure breach of minimum share price rules
Singapore to invest in dozens of maritime startups The partners will provide hands-on assistance in helping early-stage startups to fast-track commercialisation, with mentorship and connection to potential clients...
Class association elects Fujiwara as chairman Fujiwara will succeed Arun Sharma on July 1 for one year
Ocean Technologies acquires language-testing unit in deal with V.Group As part of the agreement, V.Group-owned Marlins, the English language assessment product, will transfer across to Ocean Technologies' portfolio of...
Fincantieri unit starts construction of US bulk carrier Fincantieri Marinette Marine has won an $800m contract to build the first-in-class guided missile frigate for the US Navy, with...
Daily Briefing Free to read: Tanker sentiment sours | No box rebound until next year | Dry bulk rally in danger of...
ONE boosts direct China calls to Southeast Asia The direct sailings will improve transit times and further strengthen ONE's already robust portfolio in Asia
Chinese steel demand supports capesize spot rates The Baltic weighted time charter average has rocketed up by more than 700% from $3,648 on June 1 to $29,395...
A lost decade for shipping stocks Long-term institutional investors still steer clear of shipping shares - with good reason.
Lufthansa secures German rescue package Lufthansa is too big to fail in Germany. Now it has a bailout.
FreightWaves Flashback 1963: Florida berries to Germany Shipments of 3,000 to 4,000 pounds of Florida strawberries make their way to Germany via Boeing 707 jets.
United Airlines to reintroduce China service in July United Airlines and Delta are dipping their toes back into the China market. But with COVID-19 and political tensions rising it won't be a surprise...
Bay of Pigs invasion fleet was no match for Castro The Cuban invasion force was to land under the cover of night to begin a counter-revolution against Cuba's communist government, but the operation unraveled in...
DP World Southampton welcomes its largest vessel ever The new class of container ships is part of HMM's quest to achieve net-zero carbon emissions by 2050.
Cargo clogs US airports as freighters proliferate Big cargo planes are dumping cargo faster than O'Hare, LAX and other airports can process it. That could mean a longer wait for your new...
Japan's ENEOS settles Apr-Jun fuel oil prices 46-48% lower on oil price drop Japan's largest refiner ENEOS, previously known as JXTG Nippon Oil & Energy, has settled with domestic industrial customers its April-June quarter fuel oil prices around 46-48% lower than the previous quarter due mainly to lower oil prices, coupled with a stronger yen against the US dollar.
Singapore jet fuel, gasoil stocks stay close to 14 mil-barrel mark as imports surge Singapore's commercial stockpile of jet fuel and gasoil were largely steady in the week ended June 24, as a surge in India-origin gasoil flowing into Singapore worked to offset an export-driven drawdown in inventories, Enterprise Singapore data released June 25 showed.
NWE 0.1% gasoil demand set to ease after recent buying spree: sources Sources active in the Northwest European spot trade of 0.1% gasoil said there is little upside for buying interest looking out to the rest of the summer, with storage tanks already close to being full after prices dropped precipitously during the coronavirus pandemic and ahead of a tax increase for heating oil in Germany, set to take effect in 2021.
Distillates weakening against light-ends on poor demand and margins Low distillate demand amid the restart of the European refining complex has strengthened light end outright prices, causing a wide disparity between the commodities, as refiners seek to maximize profits following the coronavirus outbreak.
Fujairah refiners mull switch from LSFO to light distillates as profitability plunges - traders Key low sulfur fuel oil refineries in Fujairah belonging to Uniper and Vitol may switch to producing more profitable light distillates or mothball their refineries altogether if demand for LSFO remains depressed and prices unprofitable, traders in Fujairah said week ending June 26.
S&P Global Platts' new waterborne USGC benchmark targets flaws in Cushing-based WTI S&P Global Platts aims to set a new US crude benchmark after the historic NYMEX WTI negative pricing event in April that was triggered by landlocked storage concerns in Cushing, Oklahoma.
Singapore 380 CST HSFO cash differential narrows to two-and-half-month discount on growing demand The Singapore 380 CST high sulfur fuel oil cash differential over swaps values narrowed to a two-and-half-month discount on June 25 due to growing demand from the power sector, coupled with firm demand for straight-run fuel oil from refiners, S&P Global Platts data showed.
US exports help rebalance Med ULSD market amid tight East Med supply Increased exports of ultra-low sulfur diesel from the US into the Mediterranean have helped balance the supply picture in the West Med, while the East Med market remains tight on lower Black Sea volumes, the temporary shutdown of Turkey's Izmir refinery and a closed arbitrage from East of Suez markets, according to trade sources.
Singapore's fuel oil exports to Bangladesh rise on demand from utilities Singapore exported 98,900 mt of fuel oil to Bangladesh in the four weeks ended June 24, up from 18,302 mt recorded in the four weeks ended May 27, Enterprise Singapore data showed on June 25.
Singapore residue stocks inch down on week amid lower fuel oil imports Singapore's commercial onshore residue stocks inched down 0.1% week on week at 26.596 million barrels, or 4.19 million mt, on June 24, showed Enterprise Singapore data released June 25.
OIL FUTURES: Crude edges lower as virus risks mount Crude oil futures ended the week slightly lower on June 26 as rising coronavirus cases stoked demand concerns.
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