TTB: How has COVID changed salvage response to the tug, towboat and barge industry? Despite COVID-19, casualties have continued, regulatory changes have persisted, and salvage and marine firefighting providers are expected to meet response standards despite travel restrictions and social distancing requirements. Although the pandemic hasn't
Bechtel in floating offshore wind partnership with Hexicon While most of the focus on U.S. offshore wind development is on U.S. East Coast sites primarily suited to turbines with fixed foundations, California and Hawaii could be key states for wind
PODCAST: Aimee Andres on putting the waterways value case to shippers In this Marine Log Listen Up! Podcast podcast, we talk to Aimee Andres, executive director of the Inland Rivers, Ports and Terminals (IRPT) trade association. Representing professionals in each river basin, Andres
Solstad Offshore sheds two anchor handlers Skudeneshavn, Norway, headquartered Solstad Offshore ASA reports that its wholly owned subsidiary Partrederiet International Offshore Services ANShas sold the 2003 built AHTS vessels Lady Astrid and Lady Caroline. According to the Equasis
Wärtsilä sees potential for scrubbers to be used for onboard carbon capture Could scrubbers do more than remove sulfur from ships' exhaust emissions? Sigurd Jenssen, Director, Exhaust Treatment at Wärtsilä, thinks so. He sees the potential for exhaust gas abatement systems to directly tackle
VIDEO: Golden Ray responders remove another section of wreck Before the car carrier Golden Ray capsized in St. Simons Sound, Ga., on September 8, 2019, it was 200 meters (669 feet) long. As responders continue to dismantle it, the remaining portion
Kongsberg Maritime integrated solution picked for first Jones Act WTIV When the giant Jones Act compliant Wind Turbine Installation Vessel (WTIV) under construction at the Keppel AmFELS shipyard in Brownsville, Texas, for Virginia's Dominion Energy, goes to work, on offshore wind projects,
Hapag-Lloyd acquires NileDutch to expand Africa service Acquisition of Netherlands-based container line will add 10 services and 35,000 teu of capacity to Hapag-Lloyd's network
Castor is latest in line of acquisitive Greeks Statistics suggest that just two and a half months into 2021, Castor has already surpassed the busiest Greek buyers of...
Gasoline demand already peaked as pandemic changes tanker trades Gasoline accounts for a quarter of crude demand, with overall transport fuel use contracting in Europe and north America, and...
Digital solutions 'must make the value proposition much clearer' It has proved surprisingly hard to sell even the most obvious digital solutions. Providers must communicate better and prove to...
In praise of the 'fluffy intangibles' of digitalisation Lloyd's List webinar on the future of shipping marks an inflexion point between a geeky digital ecosystem and a hard-nosed...
Dynagas Partners posts higher fourth-quarter earnings 'The current short-term market for LNG shipping is challenging, however we believe this market will improve going into the second...
Denmark to send warship to Gulf of Guinea to combat piracy A Danish warship is to help deter Gulf of Guinea piracy from November to March, following efforts by its defence...
Boxship fires ignite expensive clean-up operations While fires on containerships pose an immediate crisis, the costs of investigation, cargo recovery and claims can last long after...
Maersk views emissions levy on shipping as 'concrete proposal' The carrier did not confirm whether it supports the proposed levy price of $100 per tonne of CO2 equivalent, but...
Steamship offers cyber attack insurance cover Move comes after a number of shipping companies, including Maersk and CMA CGM, have been hit in recent years
PSA joins with Duisport to grow Europe-Asia trade flows The partners see multimodal investments becoming decisive growth drivers for rail freight transport between Europe and Asia
Daily Briefing Free to read: Speculative boxship ordering returns as financial buyers eye sizzling container trades | Hot dry bulk market spurs...
Cosco-led blockchain shipping platform wins regulatory approvals Shareholders consist of Cosco Shipping, Hapag-Lloyd, Hutchison Ports, Qingdao Port Group, PSA International and Shanghai International Port Group. Its first...
West coast ports see 'unrelenting boom' in US imports The Port of Los Angeles is in 'the seventh month of an unparalleled import surge, driven by unprecedented demand by...
Panamax and supramax rates push BDI to five-month high As charter rates soar for smaller bulk vessels, uncertainty still prevails in the capesize sector due to an oversupplied tonnage market...
Zero emission study shows large ammonia projects more than double An increase in uptake of large ammonia vessels is the most significant trend since the start of 2020, according to...
OSG reworking loan agreements as pandemic suppresses oil demand The company said it would file its annual report late this year
Euroseas gets higher rates in booming boxship market The boxship owner may reinstate quarterly dividend as a result of this profitable period for the sector, chief executive Aristides Pittas says
Hapag-Lloyd acquires Africa specialist NileDutch Deal strengthens German liner operators foothold in the African market
Diana Shipping sale of panamax bulker shows secondhand prices moving up Price tag shows a premium of a few million dollars compared to a similar units sold in early February, in line with stronger panamax market
Wilson Sons takes stake in waterway digital twinning start-up System developed by Israeli company Docktech is already in place in two ports
STX Offshore adds order for tanker quartet as it foresees newbuilding rush South Korean shipbuilder clinches MR and three smaller vessels, and expects more soon
Celsius Shipping sells containership for more than double the purchase price Danish shipowner confirms profitable asset play for Chinese-built vessel
Dynagas LNG Partners looking at charter options for next available vessel LNG carrier owner continues cost-cutting with new management agreement on its six-ship fleet
Foresight's Mehrotra eyes LNG fleet expansion for Shipping Corp of India Industry veteran believes another 100 vessels are needed for Indian imports
Celsius Shipping sells boxship for more than double the purchase price Danish shipowner confirms profitable asset play for Chinese-built ship
Regional Container Lines takes boxship spending to $90m with fourth buy Thai liner operator pounces on Tsakos boxship as tonnage providers cash in on market recovery
Panamax boxship rates hit 16-year high at $35,000 per day Containership values head north as charter market rides Maersk fixing spree
Stars finally aligned for chemical tanker market recovery Rising demand and a small orderbook could breathe new life into shipowners after years of weak rates
Trafigura shipping chief trades an inconvenient truth over true cost of CO2 cuts Unpalatable facts about the true cost of decarbonisation should act as a wake-up call for shipping
Solstad sells stacked AHTS duo as fleet trimming continues Norwegian owner finds new home for large vessels it took delivery of in 2013
Klaveness tech unit unveils 'digital twin' system to cut aluminium cargo waste Norwegian tech company tackling Scope 3 emissions through new system that could be rolled out to other sectors
Shipping coalition launches bid to buy Covid-19 vaccines An industry working group has approached the WHO about acquiring vaccines through the Covax programme
Ostensjo reveals one crew's pandemic odyssey during three-month return home from Asia Master tells how he and his colleagues dealt with frustrations of closed ports en route to Canary Islands on floatel
'It's all about the people': SeaBot XR says seafarers should not fear remote shipping Training company reassures mariners their skills and know-how will still be needed for autonomous vessels
Apprenticeships to equip the autonomous crews of tomorrow Training company working with Fugro, Shipowners' Club and others to boost skills as nature of seafaring changes
Zodiac Maritime scales up VLGC fleet with three newbuildings Eyal Ofer-led company is paying $234m for its next generation of dual-fuel vessels
Shell 'in a rush' to wrap up next LNG bunker vessel newbuilding Talks on 12,000-cbm ship as energy major moves to extend global reach
Zero-carbon projects double in Asia as ammonia tests rise Second biannual mapping of decarbonisation vessel projects by Getting to Zero Coalition shows significant rise in schemes trying out ammonia for big ships
Asset play: Stamatis Molaris adds fuel to Greek panamax sale train Empire Bulkers, Chronos Shipping and Vrontados are said to have offloaded panamaxes built between 2001 and 2006 - for asset play or fleet renewal
North Star triumphs in Equinor's $376m wind farm vessel tender Aberdeen owner makes stunning entry into SOV sector by winning international battle for Dogger Bank ships
Japanese lenders start to pile in on Poseidon Principles More Tokyo-based banks are signing up to the green ship finance initiative as Japan gets serious on decarbonisation
Ardmore Shipping's hydrogen joint venture drawing interest Tanker owner's newest investment could be cash flow positive by next year
IEA expects bunker demand growth to slow, but low-sulphur fuel gaining ground Paris-based agency expects better fuel efficiency and weak trade growth in coming years Japanese lenders start to pile in on the Poseidon Principles More Tokyo-based banks are signing up to the green ship finance initiative as Japan gets serious on decarbonisation
Wartsila to trial carbon capture on ships using scrubbers Finnish technology company believes exhaust cleaners have the potential to directly tackle CO2 emissions
Trafigura shipping chief trades an inconvenient truth Unpalatable facts about the true cost of decarbonisation should act as a wake-up call for shipping
IMO expresses concern over seafarers caught in China-Australia dispute Statement comes as Panama requests United Nations regulator's help in mediating the situation
Ardmore Shipping's hydrogen joint venture already drawing interest The tanker owner's newest investment could be cash flow positive by next year
De Poli makes contact with 15 kidnapped tanker crew members Italian operator says seafarers doing well under difficult circumstances
As traditional pipeline runs dry, new ship management business models emerge Ship managers have been unable meet and greet new clients in the past year but new ways of working are opening up
'Moonshot' without bigger tax on shipping's carbon won't fly far enough Shipowners and their customers need to 'get in the same canoe' with those affected by climate change, and pay a meaningful price for emitting carbon
Satellites and forensics unravel identity of Israel oil spill tanker Maritime intelligence company Windward used state-of-the-art data technology and old-fashioned detective work to uncover source of spill
Nomura upgrades KSOE due to strong newbuilding intake in 2021 Investment bank said it expects to see a continuation of the strong level of orders for containerships
Tasmania ditches desire to build TT-Line ropaxes at domestic shipyards Finnish shipbuilder Rauma likely to benefit from decision by state government that building ferries in Australia may be too risky
Denmark to take on pirates with naval deployment to Gulf of Guinea Frigate can carry special forces trained to conduct rescue operations on hijacked ships
DryLog deal shifts ArcelorMittal shipping into the black Shipping has become a net money-earner for mining and steel giant a year after it handed control of Global Chartering Ltd to partner DryLog
Zodiac capesize fixed to lift cargo of logs in 'industry first' News of charter comes hot on the heels of Cargill deal to use similar-sized bulker to ship grain from Brazil to Europe
Port gridlock could blow up Fourth of July fireworks sales Fireworks could be stuck at sea by the time the Fourth of July rolls around. Blame massive port congestion and overloaded freight networks. The fireworks...
Viewpoint: Brace for another container surge There is a direct correlation between stimulus checks and the surge in e-commerce spending, according to SEKO US.
RBOB falls 2.6% after unexpected US gasoline inventory build Settlement lowest for front-month RBOB since March 8, more than 10 cents below its recent peak.
Italy's Bunker Energy to launch offshore bunkering at Augusta, Sicily Barges with a total capacity of 4,000 cu m will service offshore with 0.5% sulfur fuel oil, 3.5%S FO and marine gasoil
Rising freight and backwardation weigh on European crude arbitrage **European crude stays local, partly on refinery demand **Appetite to move European barrels to the East limited
Shipping sector weighs impact of EU ETS On January 1, 2021, the European Emissions Trading Scheme (ETS) Phase 4 came into effect based on revisions made in early 2018 to enhance compliance with the 2030 emission reduction targets.
Novorossiisk port loadings halted again as storm resumes Loadings were initially halted March 11 but resumed March 15, Transneft said previously.
Berth congestion limits spot bunker fuel offers at Tokyo Bay: sources "The refinery won't be able to ship bonded bunker fuel; berth availability will remain tight till the end of March," a refining source said.
HONG KONG DATA: Jan fuel oil imports fall 12% on year on weak demand **Tight availability likely to persist
Fujairah Uniper refinery restarts partially, yet marine fuel premiums stay high **Tight availability likely to persist
JAPAN DATA: March 7-13 oil products output falls 3.6% on week Local refiners raised their output of high sulfur fuel oil by 10.7% week on week to 1.18 million barrels in the week to March 13.
JAPAN DATA: March 7-13 oil product exports fall 22% to 2.3 mil barrels High sulfur fuel oil exports dived 45.6% on the week to 401,975 barrels in the week to March 13.
Demand doubts, energy transition impede outlook for refining sector: IEA **Producing clean fuels, reducing CO2 footprint offers feasible path **Pandemic offered refiners sneak peek into future of oil markets
Rising oil demand to outpace OPEC supply growth, shrinking spare capacity cushion: IEA **OPEC to have just 2.4 mil b/d of idled capacity available by 2026 **Neutral Zone to make Saudi Arabia capable of 12.25 mil b/d output
Bunker fuel demand up 11.6% by 2026 amid IMO climate targets: IEA **Slow international trade recovery will weigh on bunkers **Bunkers likely to occupy greater share of total fuel oil demand
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