Great Lakes to dredge third berth for Sabine Pass LNG terminal Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has signed a subcontract with Bechtel Oil, Gas and Chemicals, Inc. Bechtel is the Engineering, Procurement & Construction (EPC) contractor for the Train 6 and
All American Marine wins NOAA research vessel contract All American Marine (AAM), Bellingham, Wash., has been awarded a contract by the National Oceanic and Atmospheric Administration (NOAA) covering construction a 50 foot aluminum research catamaran for the Olympic Coast National
Okeanus delivers winches and launch and recovery systems to C-Innovation Houston based Okeanus Science & Technology, LLC reports that it has delivered two integrated, skid-mounted winches and A-frame LARS to Edison Chouest Offshore affiliate C-Innovation, in Brazil. The custom deck equipment is
Rivertrace and Prevention at Sea partner on integrated Smartsafe ε-ORB discharge monitoring system Water quality monitoring specialist Rivertrace Limited has integrated the ε-ORB software application developed by marine risk prevention specialist Prevention at Sea Ltd into its Smartsafe ORB bilge overboard security system monitoring equipment.
Cox Powertrain ships first U.S. market production engines Shoreham-by-Sea, U.K., based Cox Powertrain reports that its Florida distributor, Ring Power, is set to receive CXO300 production diesel outboards for the U.S. market ahead of its customer demo program. As we
Corps advises mariners of Emsworth primary lock chamber closure The U.S. Army Corps of Engineers Pittsburgh District reports that Emsworth Lock and Dam, located on the Ohio River at mile 6.2, is to initiate a closure of the primary lock chamber
PODCAST: Glosten's design approach - then and now In this edition of Listen Up!, we talk with Morgan Fanberg, President, and Peter Soles, Marine Operations & Business Development, at Glosten in Seattle, Wash. In the podcast, Fanberg and Soles discuss
Maine Maritime appoints VP, Financial and Institutional Services Maine Maritime Academy (MMA), Castine, Me. has hired Richard Rosen as its Vice President for Financial and Institutional Services, following a national search. Rosen brings over 30 years of experience to the
Shipping names join hydrogen coalition The rapidly growing Hydrogen Council - a global initiative of leading energy, transport and tech corporates working to enable the...
Ardmore reports strong second quarter on volatile market Ardmore recently rejected a takeover bid from Hafnia and said the benefits of consolidation in the medium-range market were being...
Legal battle for control of Hin Leong-linked assets heats up OCBC's application spells new challenge in the attempt of the Lim family to pursue an out-of-court restructuring of their business...
From the News Desk: Is the crew change crisis getting worse? Nearly a month on from a UK-led summit aimed at finding an international solution to the issue of crew changes...
Shipping's decarbonisation progress conceals challenges Recent decarbonisation reports offer evidence of progress but also foreshadow challenges the industry will soon have to address
Baltic Exchange seeks feedback on Worldscale process The changes, if approved, would come into effect from January 1, 2021
UK ports review infrastructure connectivity Infrastructure investment of 1% of gross domestic product has a multiplier effect that can lead to 2.6% GDP boost over...
Carriers prepare for vessel quarantines Carriers look to bring in additional ships to replace quarantined vessels, but cargoes remain at risk
Genoa volumes suffer 'heavy setback' in first half 'The dry bulk trade posted unprecedented decline, contracting by 47.7%, mainly because of the lower commodity demand as a direct...
Box carrier capacity deployments show increasing confidence Activity this year has been subdued since the outbreak of the coronavirus pandemic, but last week the number of ship...
PIL to get funding lifeline from Heliconia Other efforts to save the company include rationalising services and reducing asset costs where necessary
Key digital platforms agree to develop and adopt common data standards Many ports have also developed or are developing maritime single windows to facilitate the electronic exchange of information for port...
Daily Briefing Free to read: Owners rebuke crewing agents and airlines as stranded seafarers rise | Crew change crisis all at sea...
Asia-Pacific oil products demand expected to fall Oil products demand in Asia-Pacific is expected to fall by 1.8m barrels per day year on year in 2020, according...
Capesize bulker runs aground off Mauritius Latest reports say the Panama-flagged vessel is still aground with 20 crew on board, but a poor sea state and...
Costamare clinches 24 charters as boxship market stirs Costamare has also been renewing its fleet and sold two 23-year-old vessels for scrap, as the demolition market reopened.
US west coast ports see dismal throughput May figures on containerised imports arriving at US mainland ports from east Asia were 'not encouraging' for US west coast...
US will to beat Covid-19 must be stronger, doctors say on Carnival call Many Americans are not wearing face masks properly, a Stanford professor says
So what kind of M&A deal would interest perennial target Ardmore? Scale is less important than operational performance, chief executive Anthony Gurnee said
Milaha tankers and gas carriers aid stronger profit during first half of 2020 The Qatari shipping group's offshore unit is still being held back by asset impairments, however
Japanese funding scheme stokes up international yard tensions Tokyo is ready to sanction newbuilding finance from state-backed banks to aid struggling shipbuilders
Seacor Holdings profit falls as transport revenue slumps Two out of three company segments saw better results
Ardmore keeps rolling with strong second quarter earnings The company also acquired two new tankers
Cyprus selects team to oversee build of first FSRU project Owner's engineer and subcontractor named for 2021 start-up project
Five questions with Jefferies' Randy Giveans ahead of earnings season Analyst tips the issues he'll be tracking in the next few weeks as first reports begin
THE Alliance paves the way as carriers reinstate 49 sailings One of the three liner alliances will account for more than two-thirds of sailings to be 'unblanked'
China imports no Iranian crude in June despite $400bn talks Official data shows China received no cargo from the Islamic republic for the first time in recent memory
Moundreas resumes buying bulkers, picking up ten-year-old capesize Family-run shipping group acquires its first bulker in a year, opting for another ship managed by Greek peer Stamatis Molaris
NYK Line eyes using hydrogen as marine fuel in carbon cutting effort Japanese maritime conglomerate becomes one of the first shipping companies to join the Hydrogen Council
Clarksons slashes 2020 LNG growth forecast but sees revival next year Broker's annual report highlights potential for fleet renewal, small-scale vessels and LNG bunkering
Giant Japanese ore carrier grounds in Mauritius Bulker was in ballast heading for Brazil from the Far East when it washed up on the beach
Greek shipowners clear out their oldest aframax tankers Atlas Maritime, Minerva Marine and Eastmed offload their oldest units into sluggish S&P market
Lomar Shipping boss Achim Boehme dies after battle with cancer George Logothetis leads tributes after German shipping veteran dies aged 56
US entrant SYCAR eyes Ecuador's first LNG import terminal Florida-based developer said it has teamed up with an unnamed 'major trader' for the project
Germany's FTI Cruises calls it quits over coronavirus Cruise line shut down as part of parent company's major restructuring
YMN Tanker eyes more newbuildings to meet expansion target Turkish chemical tankers specialist is about to order up to six ships at domestic yard
Work continues at DSIC as Covid-19 outbreak shuts two other yards Dalian Shipbuilding Industry Offshore and Cosco Shipping Heavy Industry Dalian have shut down their operations
Lomar Shipping boss Achim Boehme dies after losing battle with cancer George Logothetis leads tributes after German shipping veteran dies aged 56
Ecuador eyes its first LNG import terminal Florida-based developer said it has teamed up with an unnamed 'major trader' for the project
FTI Cruises calls it quits over coronavirus German cruise line shut down as part of parent company's major restructuring
Sembcorp Marine shareholders to grill management over rights issue Dialogue session comes ahead of EGM to seek shareholders approval for recapitilisation and demerger
Deutsche Bank expects Scorpio Tankers debt cut after earnings "The answer to a debt problem is not more debt, it's more equity," Mehrotra said
Costamare sees markets improving amid flurry of chartering activity Greek boxship owner sees charterers fix 24 of its vessels in the second quarter, improves underlying profitability, but takes big accounting charge on its held-for-sale portfolio
Maersk Flow launched to help control flood of information Digital platform is designed to provide shippers end-to-end transparency.
IATA outlook for airline industry recovery slides to 2024 Airline industry officials are more pessimistic about a recovery after seeing a decline in consumer confidence and coronavirus surges in some countries. Cargo has more...
Michelin rolling out tire distribution through South Carolina inland port Supply chain strategy set "to seamlessly and efficiently import materials and export tires to global markets."
Port of Montreal longshore workers on strike again Canadian Union of Public Employees says port labor toils for 19 days before receiving a two-day break.
Boeing sees rising demand for freighter conversions Boeing has received orders from DHL Express to convert four 767-300s to all-cargo configuration and from AFG for two 737-800 converted freighters.
United Airlines goes on cargo tear It's not an accident that United Airlines' cargo business in the second quarter dwarfed that of Delta Air Lines and American Airlines.
Europe and Africa residual fuel -- key market indicators this week Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub rose on the week as the market grapples with limited demand amid the summer lull period, despite country lockdowns having eased. Uncertainty continues to linger within the market surrounding the coronavirus pandemic, amid second wave fears.
Fuel oil sulfur spreads remain narrow following loss of bunker demand "It's a lack of demand everywhere, volumes are down," a trader said.
OIL FUTURES: Oil declines as market looks toward US inventory report, Federal Reserve meeting Oil futures settled lowered July 28 as traders consolidated positions ahead of US inventory report and a closely watched Federal Reserve Open Market Committee meeting, both due on July 29.
Singapore's bunker market to see limited impact from additional maritime safety steps "The new measures shouldn't cause much delay to bunkering," a bunker trader said.
External: Global Risk Management
CHINA DATA: June LNG imports surge 29%, US volumes hit 25-month high "Many Chinese LNG importers were expected to have been keen on buying lower-priced cargoes in the past months," a source said.
Hong Kong's new 14-day crew quarantine rule to impact ship, bunker markets: traders Suppliers in Hong Kong said they had received requests to cancel bunkering stems or move forward deliveries to July 28.
Singapore 10/500 ppm gasoil spread hits 3-year low as ULSD supply tightness eases "I'm not seeing firm fundamentals for 500 ppm sulfur gasoil in the region, to be honest," a Singapore-based gasoil trader said.
Bunker fuel quality issues vex market amid floating storage builds "If you store it for very long like six months or so, the fuel starts giving way," a shipowner source said.
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