Canada rolls out new marine navigation safety regs Canadian Minister of Transport Marc Garneau, today announced that the Government of Canada has published its new Marine Navigation Safety Regulations, 2020 They apply to commercial vessels of all sizes, including fishing
Hendricks River Logistics restructures terminal services As coal shipments on U.S. inland waterways continue to decline, terminals at which coal was a primary commodity are having to diversify their business. Hendricks River Logistics, located at Keokuk, Iowa, at
Oil and gas production shut in as Gulf coast prepares for Zeta In an advisory issued at 10.00 a.m. CDT this morning, the National Hurricane Center warned that Hurricane Zeta, the 27th named storm of the current hurricane season, is expected to produce a
Volvo Penta IMO III gensets will provide power backup for five Norwegian electric ferries Turkey's Sefine Shipyard has won an order to supply Norwegian operator Boreal with five electric ferries. Designed by Multi Maritime, they will operate to-and-from the islands in the inner Oslo fjord and
VIDEO: VB-10,000 arrives at Golden Ray wreck site The largest heavy lift vessel ever built in the U.S., the twin-gantry, twin-barge catamaran VB-10,000, has now arrived in St. Simons Sound, Ga., where it will play a key role in the
ClassNK grants first "Digital Smart Ship" notation Delivered to NYK Line today by Shin Kurishima Dockyard, Sakura Leader is not only the first large LNG-fueled PCTC to be built in Japan, but the first ship to be granted ClassNK's
West of England defends 'fair and reasonable' 7.5% rate hike P&I rates have been gradually eroding in real terms for a long period of time, which makes West of England's...
European Parliament pushed to support scrubber prohibition A new report calls on the EU to ban scrubbers, prohibit the use of heavy fuel oil and take on...
UK tax law changes could hit shipowners anywhere, experts claim Factors such as when crew members join a vessel, and how long they remain on board, will have a bearing...
Greece: Europe's global shipping powerhouse Exclusive Lloyd's List Intelligence data shows that Greek shipping is a powerful player in trades across the globe, whether it...
Greek bank comeback gathers pace Five Greek banks have managed to maintain a presence in the ship finance market while a number of bigger and...
Historic industry that is delivering the goods today A long history steeped in shipping, human resources and a community spirit among ship operators are some of the ingredients...
Cargill partners to explore cutting-edge wind technology With decarbonisation now driving many shipping decisions, and with ongoing uncertainty about which greener marine fuels will emerge to replace...
Weekly Briefing: Carriers return more ships to service; US sanctions Iran oil entities Record weekly capacity is expected on some container trade lanes in the fourth quarter of 2020 as demand for goods...
Strong soyabean trade supports dry bulk market In the first seven weeks of the US marketing year, soyabean exports to China amounted to 8.2m tonnes, according to...
Boxships see a surge in scrubber installations The price spread between low- and high-sulphur fuel has decreased to the point that the economics of retrofits make little...
NYK pledges to fuel all PCTC newbuilds with LNG in future Announcement came as NYK took delivery of its LNG-fueled car carrier Sakura Leader, which is said to be able to...
ExxonMobil and JERA join up for Vietnam LNG project US-based oil and gas group and Japan's biggest power generator are betting on an expected uptick in Vietnam's LNG imports...
Daily Briefing Free to read: Stowaways' tanker was denied port access by France and Spain | US sanctions more key Iran parties...
CIMC buoyed by surging container demand CIMC said the average price for new containers had also 'increased substantially'. The results come amid an ongoing shortage of...
LNG derivative trades reach new high Interest in freight derivatives appears to lag behind that for the commodity, however, as some LNG players look for alternative...
Singapore to offer two more LNG bunker licences The request for proposals is at an initial stage and it is not clear whether there will be any takers...
Cosco Shipping appoints Feng to senior management Mr Feng, 50, joined Cosco in 1995 and has held various senior positions within the group and its listed subsidiaries...
Southern California ports' throughput slowed by surging imports Jim McKenna, chief executive of the Pacific Maritime Association, which handles labour relations for leading shipping lines and terminal operators...
Costamare acquires more ships against rising market With $210.4m in liquidity and no meaningful debt maturities until 2024 Costamare is on the lookout for acquisitions. It also...
Freight forwarder sues big tech-backed competitor over theft of company secrets Former Uber executive Fraser Robinson allegedly took a job with Vanguard Logistics Services to steal their ideas
LNG carrier rate rise set to continue but fall away in 2021, Poten says Broker and consultant talks about what next week's US election means for LNG and energy
Company probe clears Antonello of wrongdoing while at Golar LNG Golar LNG launched the investigation after Brazilian authorities began looking into an alleged bribery scheme spearheaded by the former executive
Canada's Seaspan homes in on yard for LNG bunker newbuilding Company is pressing ahead with plans to conduct LNG bunkering in Port of Vancouver with its own vessel from 2023
Teekay Tankers wields axe on ship management execs Trio of top Singapore bosses to leave as ship teams reduced from four to three
Hadley Shipping selling panamax after 14-year stay in company stable Warwick & Esplen-controlled shipowner offloads bulker to undisclosed buyer
Teekay Tankers wields axe on shipmanagement execs Trio of top Singapore bosses to leave as ship teams reduced from four to three
Cleaves suspends Scorpio Bulkers coverage as Jefferies cuts estimates Shift from bulkers to wind-farm vessels causing a stir among analysts
Total moves forward with plan to shed its interests in LNG quartet Vessels fall under divestment efforts by French energy major as it renews its chartered LNG fleet
Master charged after Maersk boxship cuts Greek minesweeper in two Two crew members suffer minor injuries in collision off Piraeus
Navig8 grows suezmax pool in deals with Greek shipowners Allseas and Transmed contribute tankers to growing commercial management operation
Sovcomflot and MOL seal charter deals on Arc7 LNG sextet Ice-breaking vessels are booked on 30-year charters with operators of Novatek's Arctic LNG 2 project
New boss rethinks which vessels FSG can build at a profit Philipp Maracke beginning strategic review of operations at restructured German shipyard
Gunvor targets big spend on energy transition as profit hits record high Trader and ship operator says 10% of net equity will be spent on eco solutions over the next couple of years
IMO's tepid carbon-cutting plan will see it sitting on the sidelines The real business of tackling greenhouse gases is now in the hands of shipowners, EU regulators and potentially Joe Biden
Britannia P&I returns $10m in capital to members despite underwriting losses UK-based mutual is taking advantage of its financial strength during a difficult time for P&I clubs
Nurdle spill covers South African beaches in plastic Authorities hunt containership that shed billions of tiny plastic pellets
Scorpio Group staff cuts coming as result of shift to wind New York-listed owner to drop Scorpio Bulkers name, top management reveals in interview
Scorpio Bulkers considers en-bloc deals as it accelerates bulkers sell-off New York-listed owner to take WTIV management in-house, and is looking into building the units at US yards under the Jones Act
Andreas Sohmen-Pao: Nuclear option could prove catastrophic for shipping BW Group chairman says nuclear would be a dangerous fuel for the future, but not for safety reasons
Cargill embraces high-tech yacht 'wing sails' for new emissions cut drive Technology developed for America's Cup yacht racing repurposed for the humbler world of bulk shipping
Color Group extends debt freeze to save another $22m Norwegian ropax owner uses option to keep deferring payments to banks during pandemic
Japan names gang of 19 behind IMO's controversial carbon deal Major maritime nations from across the globe backed measures to reduce shipping's carbon emissions by 40% by 2030
Maersk containership cuts Greek minesweeper in two Two crew members suffer minor injuries in collision off Piraeus
Total inks charters for LNG-fuelled aframax tanker quartet Energy major signs up to newbuilding duo with Viken Shipping and confirms deals on Hafnia pair
Wartsila reveals work on bird's-eye views and 'transparent' bows Finnish technology group is testing out new technology to boost shipowners' efficiency
Boxship owners holding back on scrubber fittings as rates boom Strong rates too good to miss for some companies as yard stays delayed
Nurdle spill leaves South African beaches covered in plastic Authorities on the hunt for containership that spilled billions of tiny plastic pellets off the South African coastline
Singapore looks to recruit two more LNG bunker suppliers Maritime regulator has given potential suppliers just two months to submit proposals
Omegra bags sweet contract of affreightment deal for 2023 Sugar contract shows that a longer-term perspective is reemerging in the dry-cargo market
Singapore pushing ahead with plans for floating LNG terminal Government minister also says city state is looking at hydrogen as an 'important energy solution'
Bidders line up to make offers on small-scale FSRU for Corsica At least three parties are expected to participate in the tender as bid window closure looms
ICBC cuts price of PSV quartet again but ships may never sell One broking source believes there are heavy factors weighing against a successful auction in China
NorthStar Midstream eyes next LNG bunker barge as US demand grows Fresh expansion possible at Jax LNG facility to meet needs of Florida and US east coast
GECAS to lease first 777-300 converted freighters to Kalitta Air Kalitta Air's order of 777 passenger-to-freighter converted aircraft is an industry first.
Container sector scrambles to avert holiday 'shipageddon' The trans-Pacific market is bursting at the seams as shippers rush in holiday cargoes.
COVID vaccine fallout: General air cargo, wait your turn COVID vaccines will be the highest priority for air cargo companies, and that means other types of shipments could sit in warehouses waiting to catch...
Maersk facilitating COVID-19 vaccine distribution "Efficient and safe delivery of COVID-19 vaccines around the world is the most urgent logistics challenge we face today."
What shippers must know before packing containers A half-dozen basic physical characteristics of ocean containers should be considered before shippers or their packers stuff them.
OIL FUTURES: Crude plunges 5% on Europe lockdowns, US inventory build Oil futures settled near one-month lows Oct. 28 as fundamental outlooks dimmed amid tightened COVID-19 restrictions in Europe and a US crude inventory build.
Japan's ENEOS looks to trim Oct-Dec fuel oil price Japan's largest refiner ENEOS is looking to trim its October-December low sulfur fuel oil price for domestic industrial customers by 1.8% from the July-September quarter to Yen 41,640/kiloliters ($62.57/b) due to lower oil prices, documents obtained by S&P Global Platts showed.
REFINERY NEWS: Indonesia's Pertamina to skip Q4 LSFO exports from Balikpapan State-owned Pertamina is likely to skip exports of low sulfur fuel oil cargoes loading from its 260,000 b/d Balikpapan refinery in the fourth quarter as the company is operating its refineries at reduced run rates, a source close to the matter said on Oct. 27.
Oil demand too weak for January OPEC+ production increase: Aramco Trading CEO **Stressed refining margins indicate demand issues **Prices likely to remain in $38-$43/b range **Drop in shale production supporting prices
Oil, gas to play key role for decades despite energy transition: Petronas CEO **Petronas will continue to pursue its oil, gas investments **Aiming for bigger footprint in hydrogen, solar, biofuels
IRELAND DATA: Sep oil products and biofuels demand up 16% on month **Fuel oil demand falls 6.85% on month **Motor fuel demand rises
Scrubber uptake clouds incentive for low sulfur marine fuel production: Concawe **Scrubber demand increases to 20% by 2025: Wood Mackenzie, Concawe **Northwest Europe HSFO arbitrage to Asia drops since March 2019 **Middle distillate demand decline by 2025 will see more enter bunker pool
Total charters four LNG-powered Aframax-type tankers **Vessels to carry crude or refined products **Industry sources view LNG as transitional fuel
Scorpio Bulkers outlines vessel sales following unsuccessful scrubber gamble **Shipping company pivots to wind turbine infrastructure **Wind turbine contract signing 'imminent'
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
