VIDEO: Sea-Cargo completes tiltable rotor sail retrofit Norsepower Oy Ltd.reports that it has has successfully installed two 35-meter tall rotor sails on board the SC Connector, a 12,251 gt side-door RO/RO vessel operated by Norwegian multipurpose vessel operator Sea-Cargo.
Carnival to fit Wärtsilä waste treatment systems in multiple ships arnival Corporation and Wärtsilä have signed a framework agreement covering the supply and installation of advanced waste water and dry waste treatment systems in up to 32 cruise ships. Wärtsilä's Membrane Bioreactor
DESMI Ocean Guard bulker BWMS solution gains USCG and IMO type approvals Nørresundby, Denmark-headquartered DESMI Ocean Guard A/S reports that a new configuration of its well-known CompactClean BWMS has been approved by both the U.S. Coast Guard and the Danish Maritime Authority. Named CompactClean
Port of Houston awarded $19.5 million for Ship Channel expansion The Port of Houston yesterday received notification from the U.S. Army Corps of Engineers (USACE) that it has been awarded a "new start" designation and $19.5 million in federal funds to begin
Turn Services completes Bayou Fleet acquisition New Orleans headquartered Turn Services-one of the largest independent barge fleeting and shifting companies in the U.S.-reports that it has now completed its acquisition of the assets and business of Bayou Fleet
PODCAST: Liberian Registry on how quality, compliance and technology work together In this edition of Marine Log's Listen Up! podcast, Alfonso Castillero, chief operating officer of the Liberian International Ship & Corporate Registry, the U.S.-based manager of the Liberian Registry, gives us some
Weekly Briefing: Box and bulk owners celebrate new year cheer; tankers content with negative earnings Box bottlenecks look likely to fuel high rates for the foreseeable future and dry bulk owners have been rejoicing at...
Freight rate volatility pushes derivatives trading to 12-year high The tanker FFA market's growth is 'a story of medium-term development, not just a busy 2020. We've seen consistent growth...
From The News Desk: Is piracy getting worse? Attacks on Maersk vessels, and a raft of new statistics, have prompted a fresh outcry over Gulf of Guinea piracy...
Pacific Basin names Fruergaard as chief to replace Berglund Hong Kong-based dry bulk owner appoints Martin Fruergaard as chief executive. He assumes his new role in July
New guidance targets the persistent problem of boxes overboard Casualties in which containers are lost overboard make up a significant proportion of cargo claims. Better adherence to lashing and...
BHP cuts coal guidance but raises iron ore forecast The miner says it will continue to monitor any developments that could impact volumes related to restrictions placed on Australian...
Is there still competition in liner shipping? There is much less competition in liner shipping than commonly assumed, due to a proliferation of vessel sharing agreements or...
Can nuclear option solve shipping's emissions problem? The company is part of a consortium, including Bill Gates-backed TerraPower, that is bringing to market a small, modular, scalable...
Scorpio sells another two ultramaxes for $35m The sale leaves the US-listed company with more than a dozen owned or finance-leased vessels to dispose of by the...
Tight bunker fleet seen disrupting scrubber economics Pricing agency Argus Media has warned of further rises in the cost of delivering high-sulphur fuel oil bunker as the...
Greeks spent $3.6bn on secondhand acquisitions last year Total secondhand and resale acquisitions by Greek buyers last year numbered 233 vessels for an aggregate amount of $3.6bn, ahead...
Daily Briefing Free to read: Over 60 bulkers caught in China-Australia coal standoff | Cyprus offers tonnage tax cuts for greener vessels...
VLGC rates steady despite Panama Canal rule change, fleet issues Vessels coming off service and going into the yard will continue to play a supportive role for freight rates as...
PIL debt revamp calls for over 85% equity dilution Heliconia's cash injection is conditional on PIL's creditors approving the proposed debt revamp
MSC latest to be hit with patent infringement lawsuit MSC joins Maersk, Hapag-Lloyd and CMA CGM as targets for Transcend Shipping Systems
When could fleet renewal turn to growth? Eagle's Vogel talks vessel buys Fresh off buys of three Scorpio Bulkers ultramaxes, Connecticut owner's CEO says some want more acquisitions
Saga Cruises requiring passengers to be Covid-vaccinated Cruise majors have yet to finalise their Covid-19 mitigation plans
Bulker owners expect a Chinese New Year 'like no other' will keep rates firm Looking further ahead, the panel predicted that inefficient trades will add to tonne-mile demand and boost their business
Up to 750 containers lost from Maersk boxship in Pacific storm Danish liner giant confirms second major container loss incident in the Pacific in recent months
CSSC Shipping shares jump on positive profit forecast amid rapid expansion Hong Kong-listed leasing arm of China State Shipbuilding Corp rides on more profits from shipping ventures
Genco boss Wobensmith speaks on massive 'Prexit' by core shareholders New York dry owner's investor roster looks a lot different from the picture in early December
FSL Trust said to have sold 2007-built MR tanker, but deal not finalised The Singapore-listed trust reportedly sells FSL Osaka for more than $11m
Great Eastern duo continues growth of Scorpio Group's LR2 pool Monaco-based outfit pushes total to 48 with Indian company's entry as partner
GEV signs deal with Pacific Hydro to explore hydrogen shipping Australian pioneer working with power producer on terms of green gas offtake
Mats Berglund to retire as head of Pacific Basin Shipping Berglund will be succeeded in the top job by the current head of Ultragas
Biden inauguration should prove a tipping point for green shipping That the US is aligning with China and the European Union on climate change will be a game-changer in driving decarbonisation
Shipping should work for an end to US unilateral sanctions At the top of the lobbying list for shipping, international trade, and finance should be an end to unilateral trading sanctions
Frangou's Navios Logistics offshoot joins hunt for New York IPO In a further sign of public markets thawing for shipping companies, shipowner and terminal operator files registration request for an initial public offering in the US
VLGCs hammered again as rates plunge $33,000 in a week Disappearing arbitrage plays hit spot earnings for big gas carriers
More than 80% of firms invest in supply chain overhaul due to Covid-19 Companies look to spend heavily on reconfiguring their supply chains amid confidence of post-pandemic trade recovery, DP World survey says
Owners must be smart to negotiate 'disastrous' negative tanker markets Analysts, brokers and owners say savvy trading is required, with prospects bleak in the short term
Are negative tanker rates hypothetical in most cases? Broking source explains the ins and outs of earnings calculations
Rebounding bulkers buck trend as S&P deals drop 11% in 2020 VesselsValue says market recovery spurred transactions for dry cargo tonnage in the latter part of last year
TFG Marine expands with deal to buy bunker capacity at UK hub Trafigura and Fredriksen venture moves into Falmouth, with plans to add more barges
DNV GL estimates 80% of ships need to take action to meet incoming efficiency standards Half of shipowners polled at webinar said they are likely to use power limitation to meet upcoming EEXI greenhouse gas regulation
Maersk looking to order first green-fuel baby boxships within three years Liner giant believes ammonia, methanol or ethanol most likely fuels for its first new zero-emission ships, CEO Soren Skou tells climate change podcast
Zim aims to raise up to $382m in New York listing Israeli containership operator has set IPO pricing expectations at between $16 and $19 per share
Gunmen 'destroy' vessel in attack on new Nigerian shipyard Militants throw petrol bombs and fire shots at Norfin Offshore facility in Akwa Ibom
Virtual renewal to hit owners with very real rate rises Tension between clubs and their shipowner members is expected as the pandemic also forces negotiations to move from boardrooms to homes
'Last resort': PIL warns creditors ahead of key restructuring vote Singapore container line trying to convince investors to back $600m refinancing plan
Affinity buyout of Grieg Asian bulk operations 'highly amicable' Richard Fulford-Smith opens up about Affinity's Asian expansion through Grieg deal and new venture with Flaship
Navigator launches first carbon-neutral voyage with handysize LPG ship US-listed owner offsets CO2 generated by Atlantic trip for Sunoco
Shandong Shipping continues expansion path with kamsarmax order at DSIC
Leading P&I mutuals continue to register fixed premium growth Figures indicate that the non-mutual market is a key growth area as leading P&I clubs look to diversify income streams
Kostas Angelou linked to new VLGC order at Hyundai Heavy Angelou is said to be spending some $150m to build two dual-fuel VLGCs but his Benelux Overseas denies it is involved in talks
New Greek capesize deal sees Minerva Marine pick up GNMTC's only bulker Libyan company said to be offloading the Jabal Nafusa - a legacy of the Gaddafi era
Navig8 and Maersk Tankers charter in period MR tonnage in weak rate environment Trafigura also takes a third newbuilding tanker on time charter from Norden this month, say brokers
Seaspan looks to raise funds with sustainability-linked bond Container leasing firm follows hot on the heels of Odfjell, who last week sold shipping's first SLB
Zim aims to raise up to $382m in upcoming New York listing The company has set IPO pricing expectations at between $16 and $19 per share
Zim aims to raise up to $382m in New York listing later in January The company has set IPO pricing expectations at between $16 and $19 per share
Rio Tinto looks to ship more iron ore to China Australian mining giant said China's buying remains robust despite ongoing impacts from Covid-19 in some regions
Petronas homes in on shipbuilder for LNG Canada newbuildings Malaysian state energy giant progresses talks with two yards in Asia
KSS Line makes first dual-fuel move with VLGC order at Hyundai Heavy South Korean shipowner orders gas carrier against five-year charter from Thailand's PTT
United Airlines continues cargo hot streak in Q4 United Airlines is outperforming the competition on cargo and officials say they have a good strategy for returning to profitability.
Ocean carrier ZIM fast-tracks IPO, targets $2 billion valuation Ocean carrier ZIM has hiked its fleet capacity with new charters and is planning to price its New York IPO next week.
Port of LA will pay container terminals for efficiency gains "These best practices are needed now more than ever to relieve pressure on the supply chain due to the ongoing surge," Port of LA Executive...
Qatar Airways to offer capacity through WebCargo digital platform WebCargo has landed a big boy in the cargo world. Qatar Airways will sell space to shippers through the third-party platform.
Airlines ask Biden-Buttigieg DOT to focus on COVID recovery Airlines are bleeding red ink and are asking incoming DOT nominee Pete Buttigieg to focus on testing and other steps to give people confidence to...
OIL FUTURES: Crude rally extends amid stimulus hopes, tightened supply outlooks Oil futures settled higher Jan. 20 as the market eyed tightened global supply outlooks and the potential for further stimulus spending from the incoming Biden administration.
TENDER DATA: Kuwait's KPC buys 80,000 mt HSFO for end-Jan delivery This is the fourth such cargo KPC has purchased in the last month to meet power generation demand from its domestic utilities sector, while its Mina Abdullah refinery, which normally supplies fuel oil, is undergoing upgrading work.
S Korea delivered marine fuel 0.5%S premium hits 1-year high on supply tightness Supply tightness pushed the Busan/Ulsan delivered Marine Fuel 0.5%S premium to the benchmark FOB Singapore 10 ppm gasoil cargo assessment to a one-year high at $51.39/mt Jan. 19, S&P Global Platts data showed.
TENDER DATA: Sri Lanka's Ceypetco seeks 30,000 mt of 180 CST fuel oil for end-Feb delivery Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation.
INTERVIEW: Fuel quality issues may confront bunker market in wake of COVID-19: KPI OceanConnect **Price volatility has already impacted VLSFO blends **No uptick in hedging, but concerns about higher prices seen
Early flurry of Biden executive actions includes steps on climate, social cost of GHGs **Asks agencies to rethink methane, fuel efficiency standards **Hold on ANWR leasing, call to revoke Keystone, rejoin Paris **Long list of energy, environment rules to reconsider
ITALY DATA: Oil product demand in 2020 plunges 17.1% to lowest levels since 1960s Italy's demand for refined oil products in 2020 dropped 17.1%, or 10.3 million mt, year on year, to 49.9 million mt, the lowest consumption levels since the 1960s when Italy had a prolonged period of economic expansion, industry group Unione Petrolifera said in a statement.
VLCC freight rates from West Africa at multi-year low **Lackluster demand from China pressuring market **Prompter fixing on Suezmaxes as barrels remain unsold
World's first ammonia-ready Suezmax tanker being built in China **Vessel being built ordered by Avin International **Ammonia potential being tapped to meet decarbonization targets
Spanish LNG bunker activity rallies in 2020 **Volume of operations jump to 741 from 199 in 2019 **122,058 cu m of LNG supplied in 2020 in Spain
Hellenic expects Elefsis port to resume normal operations "in days" Greek Hellenic Petroleum said Jan. 20 it expects the port of Elefsis, which is used for loading by a few of its refineries, to "resume normal operations in days" following a "technical issue" at one of the jetties.
Fuel oil trader Avik Ghosh joins Alsaa Petroleum and Shipping Fuel oil trader Avik Ghosh has joined Alsaa Petroleum and Shipping in Dubai as Trading Manager, starting Jan. 5, a source with direct knowledge of the matter told S&P Global Platts Jan. 20.
FUJAIRAH DATA: Oil product stocks snap slide as heavy distillates rebound **Egypt gets first gasoil shipment since Dec 2019 **Middle distillates fall to lowest since Oct 5 **Kenya set to take large gasoline shipment
REFINERY NEWS: Saudi Jazan may delay full production to 2022: FGE Saudi Arabia's Jazan refinery is expected to reach its full production only by mid-2022 due to weak global demand for refined products, Facts Global Energy, or FGE, said in a note.
JAPAN DATA: Jan 10-16 oil products exports rebound 32% to 2.3 mil barrels Japan's oil products exports rebounded 32.3% week on week to 2.298 million barrels over Jan. 10-16, led by increased kerosene, gasoil and fuel oil exports, according to data released Jan. 20 by the Petroleum Association of Japan.
JAPAN DATA: LSFO output surges 55.5% on week to 1.06 mil barrels Jan. 10-16 **Local power utilities request for emergency fuel supply amid severe cold spells **Oil-fired power utilization rates peak above 88% Jan. 8: METI
US sanctions European oil traders, tankers for violating Venezuelan crude oil sanctions **Sanctions extend to those working with Mexican network **Ban on Citgo share seizures extended until July **Moves come on Trump's last full day in office
Both low, zero carbon hydrogen needed to reduce GHG emissions: Hydrogen Council **Blue and green H2 needed for GHG reduction **EC targeting hydrogen production from renewables
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