Navy awards Fincantieri Marinette second frigate he U.S. Navy is exercising a $553.8 million option that will see Fincantieri Marinette Marine build the second Constellation-class guided-missile frigate, the future USS Congress (FFG 63),. The Wisconsin shipyard reports that
Vard Marine and Finland's ILS in teaming agreement Vancouver, B.C., headquartered Vard Marine Inc. and Finland's ILS Ship Design & Engineering have reached an agreement to work together to develop design solutions for the global icebreaker market and to address
Golden Ray responders deal with impact of wreck fire Following the recent fire in the interior of the Golden Ray wreck, St. Simons Sound Incident Response engineers have been continuing damage assessments of both the wreck itself and the equipment being
Holland America crew get vaccinated in Port of San Diego While the CDC ban on cruising from American ports continues in place, cruise lines continue to prepare for a restart. Yesterday crew members from Holland America Line's Koningsdam received their first dose
VIDEO: Huntington Ingalls debuts test USV Huntington Ingalls Industries (NYSE: HII) reports that its 27-foot Proteus unmanned surface vessel (USV) completed a successful demonstration off the coast of Panama City, Fla., on Friday, May 14. The Proteus USV
Fair (offshore) winds for the Jones Act finance market By Basil M. Karatzas, Founder, Karatzas Marine Advisors & Company Until recently, the offshore drilling market had the distinction of employing the most expensive assets in the maritime industry. A decade ago,
Sabrina Chao elected president of BIMCO At its online general meeting today, BIMCO, the world's largest shipping association, elected Sabrina Chao of Hong Kong headquartered Wah Kwong Maritime Transport Holdings Limited as its president. Chao takes over as
Veteran dustpan dredge starts its Mississippi season An 88-year-old Corps of Engineers dustpan dredge, the Jadwin, departed from the Vicksburg, Miss., Harbor, May 3, for its annual season of dredging along the Mississippi River and its tributaries. The Jadwin
Legal fight over $99m oil sale to test US ship seizures Case being carefully watched to see whether government can prove legal right to interrupt a private contract between a shipowner...
European nations push IMO for emissions measures by mid-2020s Denmark, France, Germany and Sweden tell IMO it needs to start negotiating measures that will incentivise the adoption of low-...
Weekly Briefing: Box lines back in black | Dry in decline | All tanker eyes on Tehran The box shipping sector is experiencing a purple patch like never before, but the recent highs experienced in dry bulk...
Sovcomflot banks on LNG-fuelled future, says finance chief Sovcomflot chief financial officer Nikolay Kolesnikov tells Lloyd's List he expects no problem in financing the liquefied natural gas carrier...
EuroDry buys eighth bulker as earnings increase A price of $12.12m has been agreed for the 76,704 dwt Blessed Luck, which was built by Sasebo Heavy Industries in...
Boxship with infected crew heads to South Korea While it is unknown where the crew members became infected, data shows the vessel called at Mundra and Jawaharlal Nehru in India, where...
Golden Ocean posts record first-quarter profit Golden Ocean predicts a strong dry bulk market 'for the foreseeable future' but said the health crisis in India and...
The Lloyd's List Podcast: The big and challenging role for class societies in autonomous shipping ClassNK experts Yukihito Fujinami and Tomoaki Yamada join the Lloyd's List Podcast to discuss what the key elements are for...
Taiwan offshore wind faces heat from coronavirus-led disruption Offshore marine work due to be carried out this month at two large wind projects could face setback from the...
MPC Container Ships turns a corner Last year the future of MPC Container Ships hung in the balance. Now it expects the booming container shipping market...
Japan joins green ammonia production study in Australia Japan, the world's top LNG importing country, regards blue and green ammonia as one potential fuel to decarbonise its economy
Star Bulk pays out $0.30 per share as profits soar Greece-based owner of 128 bulkers rejigs cash balances required to trigger dividends amid perception that industry's longer-term dynamics are 'favourable'
CMA CGM to begin offering biomethane to customers The company will offer biomethane to customers in its intra-European trades, providing a minimum 67% reduction in greenhouse gas emissions...
Genco to acquire two ultramax newbuildings at Chinese yard The company has also cashed in on the opportunity availed by such a bullish market to fix two owned dry...
Daily Briefing Free to read: OECD calls for significantly stringent carbon pricing for shipping | Grounding seen as biggest cause of bulk...
US maritime regulator adds new shipper committee The committee will give the FMC a 'formal and established method for collecting the advice of its shipper constituency,' says Commissioner...
Diana scores sustainability-linked loan from ABN Amro The company has announced a new charter for one of its kamsarmaxes at more than double the rate that the...
FreightWaves LIVE recap: How to cope with ocean capacity crunch How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport's Nerijus Poskus.
Seafarer crew crisis 'only going to get worse' The ICS hopes its Seafarer Vaccination Roadmap will create vaccine hubs in various ports.
Shipping's VLSFO is the only transport fuel set to grow until 2026: IEA **IEA sees 2 million b/d VLSFO growth from 2019-2026 **Marine fuel demand resilient during pandemic **Current 0.5%S fuel oil crack below premium products
CHINA DATA: April transport fuel output rises 9% on year to 28.27 mil mt **China's domestic flights surpass 2019 levels **Gasoline output rises on year, dips on month
Rotterdam low sulfur bunker fuel gap widens as markets diverge **MGO-VLSFO spread widens to 13-month highs on May 18 **VLSFO encounters bearish signals from oversupply **European gasoil markets find strength after cold winter
Med demand for low sulfur fuel oil falls in May **LSFO market structure has moved into contango **Med summer utility demand lower than normal: trade
0.5%/3.5% fuel oil spread could spike in H2 boosting scrubber appeal: industry experts **Hi-5 spread seen rising above $150/b in East: Euronav **More Iranian sour crude output to weigh on 3.5%S FO **Higher demand for light products to curb blendstock for 0.5%S FO
CHINA DATA: April LCO imports up 48% on year to record high over 2 mil mt Imports are expected to stay high in May but then drop off in June after the government finally announced on May 14 that the consumption tax would take effect from June 12.
June-arrival LSFO arbitrage cargoes in Singapore to see increase from May level: traders Singapore's low sulfur bunker suppliers said that sales thus far in May have been lackluster, under pressure from competitive prices at Zhoushan in China.
'Main agreement' on US sanctions relief reached, but details still in flux: Iran president **US will lift oil, petchem, shipping sanctions: Rouhani **Fifth round of indirect talks in Vienna to convene next week **Iran-UN nuclear inspections deal expires May 21
ITALY DATA: Oil product demand in April rebounds from 2020 but still 15% below 2019 levels: Unem Total oil product demand rose to 4.1 million mt in April.
CHINA DATA: April oil product output rises 5% on year to 38.44 mil mt on firm demand, margins Fuel oil production in April declined to 2.88 million mt, down 13.2% on the year.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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