NTSG reports on towboat fire The National Transportation Safety Board has issued its report on incident in which a 1963-built towboat sustained an estimated $1,350,000 of damage after an engineroom fire broke out. On October 8, 2019,
Kongsberg Maritime deck machinery selected for Novatek Ice Class Arc7 LNG carriers Russia's largest natural gas producer, Novatek, has placed an order with Kongsberg Maritime for the supply of electric frequency converter-driven deck machinery for six Ice Class Arc7 LNG carriers, with an option
MacGregor to supply key systems for new USACE mat sinking unit MacGregor has secured an order from SIA Solutions LLC to deliver 36 traction winch systems, 72 storage reel brakes and electrical control systems to the specialized concrete mat sinking unit, Armor 1,
Zhuhai Fast Ferry takes delivery of Incat Crowther duo China's AFAI Southern Shipyard has delivered two Incat Crowther 40 high speed ferries to Zhuhai Fast Ferry Company. The vessels - the Xin Hai Yun and Xin Hai Jun - represent the
LNG shipping seen cushioned from summer lows Restocking will prevent rates from falling to levels seen in previous years, Poten's head of LNG shipping analytics said
EIA: US natural gas prices boosted by exports of LNG and propane US exports of propane have been increasing in recent months, primarily to countries in East Asia, as a result of...
EIA: Rising US oil supply forecast to cut prices in 2021 High global oil inventory levels and spare production capacity also will limit upward price pressures, with the EIA expecting Brent...
Norden weathers crises well as it celebrates 150 years The company's senior executives talk about how it has adapted to changes in the markets, surviving world wars, other pandemics...
HHLA volumes slump 10% Impact of pandemic on volumes and service switch hit Hamburg's principal port operator hard last year
Maersk looks to further acquisitions to boost synergies After a bumper year, Maersk sees growth in 2021 despite uncertainty over the pandemic. Further deals may be needed to...
Push to improve West Africa's security vessels market BIMCO is working on a new standard contract to make it simpler and easier for ships in the Gulf of...
Product tanker market poised for rapid turnaround, says Ardmore Concordia Maritime meanwhile expects a gradual strengthening of the product tanker markets, with a positive effect on tanker demand from...
P&I clubs taking tough line in renewal, say chief executives 'We cannot run away from what is happening in the pool in the last three years. We have not seen...
Hackers threaten vessel operations, not just data Cyberattacks on operational technology have soared and insurance companies have responded by 'reserving their position', Ince's senior partner warns
Maersk pushes IMO to take lead on green regulations The world's biggest shipping company has told the global maritime regulator it needs to 'leapfrog' and start up the discussion...
Thessaloniki expands box terminal as shareholding change awaits approval Greece's second-largest port is on the brink of 'a new era', according to port managers, as it boosts its container...
Bulkers boosted by higher share of US soyabean exports Over 37m tonnes of soyabeans were transported on bulk carriers between September and December, with only 2.5m tonnes carried on...
Daily Briefing Free to read: Pool claims set to top $500m and cost clubs A ratings | Cyprus urges practical global approach...
Maersk's record fourth quarter lifts full-year earnings Ocean transport and logistics divisions performed strongly as container shipping rates and demand rebounded. Earnings guidance suggests a strong first...
Wan Hai upgrades Asia-USWC offering to four loops The Taiwanese carrier will also reintroduce direct South Asia-US west coast sailings and offer a separate service to the US...
Maritime leaders detail US pandemic concerns before Congress Lauren K Brand, president of the National Association of Waterfront Employers, underlined the need for prioritisation of vaccinations for those...
Petronas and Jera team up to push for LNG bunkering On Tuesday Petronas and Jera signed an agreement that also entails collaboration on developing supply chains for ammonia and hydrogen
Viewpoint: Container congestion may now impact Easter Due to shipping snarl and container congestions, delays in retail inventories will be felt from Christmas through Easter.
Container giant Maersk sees no letup yet in COVID-fueled cargo boom Maersk, the world's largest container carrier, just reported record quarterly results. And its next quarter looks even better.
Japan's JERA signs MOU with Petronas on LNG, hydrogen, ammonia cooperation JERA and Petronas will jointly consider developing hydrogen and green ammonia projects in Malaysia, with the former considering importing into Japan.
INTERVIEW: IMO 2020 a success but other hurdles linger for bunker industry: expert Margin pressures, credit squeeze remain concerns while industry consolidation is set to continue, Tolson said.
Rhine reopens to barges, gasoil traders anticipate improving demand "Demand is growing and I think we would expect to see some restocking demand in the next couple of weeks," a Switzerland based trader said.
Japan's NYK advances plans for two LPG dual-fueled VLGCs to curb carbon footprint Both ships are set for delivery in 2022.
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