New York awards Equinor largest-ever U.S. offshore wind contract In his State of the State address today, New York Gov. Andrew Cuomo laid out his plans for what he said will be the "largest offshore wind program in the nation." Additionally,
Great Lakes bulker successfully retrofitted for automatic dock-to-dock operation MV American Courage, a 634 foot, 10 inch long Great Lakes self-unloading bulker, is the largest ship ever to perform automatic dock-to-dock operation. This follows a decision by its owner -American Steamship
Port Everglades welcomes first cargo ship to transit Marine Highway M-10 The U.S.-flagged containerized cargo ship National Glory today became the first ship to transit on the newly MARAD-designated Marine Highway M-10 from Houston to Port Everglades to Puerto Rico. Owned by National
ABB says Oceanco contract paves way for sustainable superyachts ABB says that an agreement with Dutch luxury yacht builder Oceanco paves the way for broader cooperation on sustainable electric propulsion in a market expected to exceed $10 billion by 2025. Under
USMMA Superintendent promoted to Vice Admiral In what looks to have been one of her last official acts before stepping down from the Trump Administration, then Secretary of Transportation Elaine L. Chao promoted U.S. Merchant Marine Academy (USMMA)
First U.S. LNG bunkering ATB ready for operations Q-LNG Transport and Shell Trading (US) Company report that the first offshore liquified natural gas bunkering articulated tug and barge in the United States, the Q-LNG 4000 is now ready for operations.
DNV GL rebrands as DNV From March 1, DNV GL will change its name to DNV. The DNV GL name has been in place since the 2013 merger between classification societies DNV (Det Norske Veritas) and GL
Higher Chinese corn imports boost panamax bulkers Beijing is importing huge quantities of corn to meet its animal feed demand as stockpiles in the country dwindled. US corn...
New ATB unit adds to growing network of LNG bunkering facilities in the southeast US The new ships will help in the development of an LNG bunkering network in the southeastern US, in particular around...
US and UK step up bans on goods produced in China's Xinjiang region Effective January 13 at all US ports of entry, Customs and Border Protection will detain cotton products and tomato products...
Weekly briefing: Container rates surge continues; tanker demand contracts There is no sign yet that the traditional container market slowdown ahead of the Chinese New Year will appear, as...
Global Ship Lease launches dividend for common shareholders The board of the NYSE-listed containership owner intends to pay a regular quarterly cash dividend of $0.12 per share as...
NYK joins floating gas storage and power generation project in Papua New Guinea As well as generating electricity, the FSRP will be able to load and store 140,000 cu m of liquefied natural...
Over 130 seafarers kidnapped last year, report finds The International Maritime Bureau recorded more kidnappings in 2020 than any previous year, all but five from the Gulf of...
Mutant virus makes resolving crew change crisis more difficult As some regions tackle a new strain of coronavirus, major investors have raised concerns that the crewing issue caused as...
Seanergy hails financial restructuring Deal with main creditor Jelco Holdings completes a $179m financial restructuring
NFE acquires Hygo Energy Transition and Golar LNG Partners in $5bn deal New Fortress Energy plans to take over Hygo just months after the Golar LNG-Stonepeak Infrastructure Partners joint venture launched an...
American Club says 'great moderation' on P&I claims levels is over '2020 to date is even more expensive from a cumulative pooling point of view than 2018 and 2019 at this...
Stronger enforcement needed to reduce risk of cargo fires Up to 15% of containerised cargo is made up of dangerous goods. But a third of that is being misdeclared...
Port of Felixstowe to join UK 5G technology trial THE Port of Felixstowe will host a 5G trial to help find new uses for the technology. It is hoped...
Short film turns spotlight on shipping's 'heroes' In response to the crewing crisis, BIMCO has produced a short two-minute film showcasing the vital role shipping plays globally...
Box and bunker trade stable in Singapore despite pandemic Singapore has stood out as being one of the few trading hubs in Asia that is facilitating crew change operations...
Tanker oil spills at record low ITOPF reports that in 2020 there were just three incidents of oil spills from tankers where more than seven tonnes...
DNV GL rebrands after strategy review DNV believes the coming decade will be transformational for the shipping industry, especially in its focus on sustainability goals. The...
P&I premiums in new cycle of hardening, says Skuld 'Clubs are not a break-even game anymore. We are regulated insurance companies, like all the others, with strict requirements for...
Shippers starved of options as China feeders face shutdown Most mainline carriers have said they will stop accepting transhipment cargo into south China until after Chinese New Year as...
Daily Briefing Free to read: Tanker earnings downgraded for 2021 to half of cash breakeven levels | Marine insurance expert warns of very...
China's big freeze turns heat up on bulker market Lloyd's List Intelligence data shows around 34 dry bulkers above 10,000 dwt have been waiting outside Qinhuangdao port and anchorages...
MSC joins Hydrogen Council as steering member Among other big names linked to the Hydrogen Council are the Port of Rotterdam and industrial players such as SABIC...
2021 will see end of floating storage with oil recovery, analyst says Energy companies are not expected to need large tanker tonnage to store oil at sea
Diana Shipping sweetens tender offer amid higher share price The New York-listed owner's stock price has jumped by 31% over a month's time
Tor Olav Troim fetches more for Hygo in sale than IPO would have raked in Hygo Energy Transition initial public offering was expected to raise as much as $2.1bn
Equinor strikes year-long VLCC charter deal with MOL Deal with Japanese shipowner marks second period charter for Norwegian oil company in a month.
First Steamship signs up to Baumarine by Maruklav pool Taiwanese owner follows U-Ming in joining expanding panamax venture
Shipowners warned over new cocaine smuggling route through Libya Two recent seizures indicate traffickers are switching attention away from usual West African gateway to Europe
New Fortress Energy buys Troim's Hygo and Golar LNG Partners in shock $5bn deal Norwegian investor Tor Olav Troim sells out LNG-to-power assets to friend Wes Eden's burgeoning company
Genco Shipping's private-equity exit nears on trade of 5m shares This time Strategic Value Partners is behind huge sell down, as share price holds up despite big investor defection
Shippers accuse liner operators of violating contracts as box rates surge Cargo organisations call for European Union to act on 'distortion' and 'unreasonable conditions' for bookings
Borealis charters Iino's DSME VLGC newbuilding Vessel to ship gas to propane dehydrogenation plant in Kallo, Belgium
Bimco 'hero film' aims to promote shipping to wider world on social media Film produced with television production company ITN aims to bring awareness of importance of sea transport and seafarers in crew change crisis to global public and business sectors
Shell's new US LNG bunker barge heads for first loading Energy major secures its first Stateside unit as Q-LNG 4000 heads out from shipyard for commissioning
Japanese capesize fetches 'crazy price' amid new-year bulker boom 2021 goes off with a bang in the secondhand market for big bulkers, spurred by commodity demand and rising freight rates
Maersk Product Tankers sells wind-powered ship to Indonesian owner Buana Lintas Lautan is speculated to perceive the LR2 as a green shipping project
Latsco Shipping books VLCC newbuilding pair at Hyundai Heavy Industries Greek owner exercises options for two 300,000-dwt crude carriers, bringing its orderbook at the South Korean shipbuilder to four
European recycling rules tied in knots with capacity cut off EU regulation that limits green and safe ship breaking facilities that are allowed to be used by European shipowners is damaging global recycling progress
Jovo buys steam-turbine LNG carrier from Mitsui OSK Lines Soon-to-list Chinese trader snaps up a 15-year-old ship for trading
Trash to treasure: Maersk intensifies plastics clean-up work Extended partnership with The Ocean Cleanup will see sensors placed on huge boxship fleet
Maersk Product Tankers sells wind-powered product tanker to Indonesian owner Buana Lintas Lautan is speculated to perceive the LR2 as a green shipping project
Stolt-Nielsen moves forward on Sea Farm IPO but tanker spin-off must wait Float of fish business being evaluated, while Stolt Tankers deal dependent on market recovery
DNV GL to go back to being known as DNV after name change Norwegian-based classification society drops link to former German partner in its corporate branding
Mediterranean Shipping joins Hydrogen Council to push clean fuel research Swiss liner giant wants cross-sector collaboration to develop new sources of green bunkers
Enjoy the LNG spot-market ride before long-term gas reality bites LNG may not be the green fuel of the future but right now the markets are enjoying an exciting start to 2021
Evacuated bulker in danger of sinking off Japan Chinese handysize suffered water ingress but all crew safe
Scorpio Tankers adds $32m liquidity in leasing deal for product trio US-listed owner continues to refinance its fleet in the Chinese market
Carnival to shed four ships as quick cruise recovery remains in doubt Cruise giant indicates more vessel sales are on the horizon as analysts are less confident of a fast rebound
Eastmed clinches deal to buy tanker newbuild trio from Evangelos Pistiolis After using much of 2020 to clear out old tanker tonnage, shipowner Thanassis Martinos makes splash for high-specification MRs
Maersk assembles new 50-strong team to transform its fleet Decarbonisation drive to be led by head of strategy Morten Bo Christiansen
US to label Houthis 'terrorists' in wake of Red Sea tanker attacks State department also identifies three of group's leaders as specially designated global terrorist entities
South Korea fails to secure immediate release of seized Hankuk Chemi Top level diplomats head back to their corners to consider next move to solve bilateral differences.
Mercuria taps Singapore fund manager for new source of finance Such tie-ups may help fill financing void left by banks scaling down their commodity exposure after series of scandals
Inside California's colossal container-ship traffic jam There are more container ships stuck off California than at any time since 2004. What's behind the pileup? When can it be cleared?
Commentary: How will COVID-19 vaccine reach developing countries? Wealthy nations have bought most of the COVID vaccines available so far. They have a responsibility to share vaccines and recipes with the rest of...
Port Houston imports up 26% in December Thanks to a resurgence of imports that began in late summer, Port Houston moved 2,989,347 TEUs in 2020.
Air Canada suspends routes as COVID restrictions bite travel New COVID travel restrictions have dealt Canadian airlines and their workers another blow. The financial road ahead looks scary until vaccines start working.
Commentary: Electronic bills of lading necessary but not sufficient An electronic bill of lading must be in a format that ensures interoperability across multiple user interfaces.
TSA to reveal security plan for air cargo industry Amazon is the bogeyman for many people. Freight forwarders say if they have to screen cargo to get it on all-cargo planes then electronic retailers...
Crude retreats amid stronger dollar, global supply concerns Total US refined product demand surges ahead of five-year average for first time since early March.
Barkindo says pandemic has drawn OPEC+ closer together, never mind the spats **Secretary general says coopertion will continue **Monthly meetings will maintain flexibility **US shale understands shared responsibility
Transneft expects 2021 oil shipments to fall 1% on year to 8.8 million b/d **Easing of OPEC+ output cuts to gradually boost shipments **2021 oil products deliveries to fall 4% to around 728,983 b/d
OPEC, shale output needs to rise to offset possible year-end supply squeeze: Vitol CEO **OPEC+ slows down output rises more than expected **2021 demand increase to hover around 6 mil-6.5 mil b/d **Oil prices rising due to potential supply squeeze
Engie, Total plan France's largest green hydrogen plant **Project involves 100 MW solar, 40 MW electrolyzer **5 mt/day green hydrogen from 2024, subject to FID **Masshylia applied for French, EU funding
Fuel oil strength supporting Chad's Doba crude Limited support for other heavy West African crudes.
SINGAPORE DATA: Bunker sales up 5% to 49.83 mil mt in 2020, Dec down 3.9% on year **IMO-compliant fuel sales account for 68.4% of total **High sulfur bunker sales drop to 21.26% from 78.7% in 2019 **Singapore registers higher bunker sales despite drop in vessels
Port of Rotterdam launches livestock checkpoint to process UK animal imports The Port of Rotterdam has launched a checkpoint at its Stena Line terminal to oversee imports of livestock from the UK following the start of the EU-UK Trade and Cooperation Agreement, the port said.
Nigeria compliant with OPEC+ cuts but will pump more condensate: NNPC **Nigeria implementing OPEC+ 'compensation cuts' **Will develop new condensate assets **Condensate to make up for reduced crude output
Hydrogen demand will more than triple in 30 years, Uniper Hydrogen CEO says **Green, blue hydrogen still uneconomical **Large projects will be supported by exports **Saudi Arabia has hydrogen project for NEOM city
REFINERY NEWS: Iran to pre-commission refinery to produce bitumen - report Iran's Ultra-Heavy Crude Oil Refinery will be pre-commissioned Jan. 14 to produce bitumen and light oil cuts, students news agency ISNA reported.
UAE sees oil market balance by 2022 start, urges shale oil restraint: energy minister Coalition to wait and see for forecast after Q1.
COVID-19 vaccines to drive commodity recovery: Aramco Trading CEO **Timeline for vaccine distribution crucial **Aramco Trading handles volumes of nearly 5 million b/d **Jizan Refinery startup expected this quarter
Singapore LSFO-HSFO spread hits 10-month high following surge in LNG prices Most North Asian utilities are going to step up buying low sulfur fuel oil in response to the surge in LNG prices, a trader said.
HONG KONG DATA: Nov fuel oil imports drop 13.4% to 3.23 mil barrels from Oct Bunkering in South Lamma in Hong Kong, where bunker-only-calls ships used to take bunker fuel, is gone, market sources said.
OIL FUTURES: Crude rises on large US stock draw, weakening dollar "Crude oil prices gained as a weaker USD saw investor appetite improve," ANZ analysts said.
South Africa's reliance on fuel imports to persist amid refinery snags Almost half the country's total refining of 510,000 b/d is offline due to recent refinery hitches.
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