VIDEO: Giant containership blocks Suez Canal One of the world's largest containerships, Evergreen's 20,388 TEU Ever Given, got stuck in the Suez Canal today, blocking traffic in both directions. According to reports, at one time seven tugs were
Island Offshore sets anchor handling record The Island Offshore Group, which is majority owned by the Ulstein and Chouest families, has notched up a world record. In anchor-laying operations on the Solveig field in the North Sea, operated
Van Oord signs three year service agreement with ABB Turbocharging ABB Turbocharging is to provide Dutch dredging company Van Oord with fleetwide maintenance and optimization services under a recently signed three-year agreement. The agreement comes as two Van Oord vessels receive the
Ingram Barge tow is first of 2021 Mississippi River navigation season Marking the unofficial start of the 2021 Mississippi River navigation system, the Ingram Barge Company's M/V R. Clayton McWhorter, originating from the Quad Cities in Iowa and Illinois and pushing 12 barges
Two new products join AkzoNobel Intersmooth anti-fouling line AkzoNobel International Marine Coatings has introduced two new Intersmooth anti-fouling hull coatings featuring self-polishing silyl methacrylate technology. Intersmooth 7200Si SPC Described as a next generation self-polishing silyl methacrylate anti-fouling. Intersmooth 7200Si SPC
First WindFlex 27 CTVs set to go to work for Ørsted Designer Incat Crowther reports that the first two WindFlex-27 Crew Transfer Vessels have been sold. Built for stock by Penguin Shipyard, a unit of Singapore-based Penguin International Limited, they are to be
Crew vaccination requirements threaten "perfect storm" for shipping The International Chamber of Shipping (ICS) is warning that lack of access to COVID-19 vaccinations for seafarers is placing shipping in a legal minefield and leaving global supply chains vulnerable. Reports that
Globus acquires second kamsarmax since fundraising Nasdaq-listed company's most modern ship to date will increase the fleet to eight bulkers
Green lobby frustrated at black carbon delays Environment groups have called on the International Maritime Organization to make ships switch from residual fuels to distillates in the...
Shipping being considered for UK emissions trading scheme, minister confirms Move comes as European Commission proposals to include shipping in EU mechanism expected within months
Zim: The little carrier that could After reporting record-breaking profits for 2020, Zim is aiming even higher. With contract rates up 50% this year, and strong...
Hapag-Lloyd to issue sustainability-linked bond German carrier moves to gain further momentum in green financing activities through the issuance of a sustainability-linked senior note to...
Winter trends put Nordic icebreakers and crews at higher risk Alandia, a marine insurer, is hoping that designs for new icebreakers will be approved soon. It is calling for environmental...
Rebound possible after sharp drop in LNG rates LNG spot charter rates were reportedly fixed in excess of $20,000 in some deals transacted earlier this month, less than...
Gentleman Jim Davis - a crusader for common sense in shipping Jim Davis, the charismatic chairman of the shipping think-tank International Maritime Industries Forum, was one of the giants of the...
Congestion at Australian ports following severe storm Queuing peaked at 40 vessels at Newcastle port, according to Lloyd's List Intelligence data. Elsewhere, port Kembla's queue has also...
Daily Briefing Free to read: Seafarers can't be forced to accept vaccination, ICS warns | Insurer of Israel oil-spill tanker cancels cover...
SPIKED Five yards bid for Evergreen's order bonanza Evergreen currently has an orderbook of 77 vessels, with nearly 720,000 teu in carrying capacity, ranking it first among the...
Five yards bidding for Evergreen's order bonanza Evergreen currently has an orderbook of 77 vessels, with nearly 720,000 teu in carrying capacity, ranking it first among the...
Apollo's Regan to step down as Genco Shipping board chairman Private equity man to retain board seat but hand over leadership spot to veteran AMA banker
Bulker markets and dry freight derivatives hit by correction in rates Slump also being seen in the spot market for bulkers as fixing activity slows down
Bank of America chases bulker after missed loan payments Lawsuit focuses on two ships managed by Istanbul-based Semih Sohtorik Management & Agency
Globus Maritime gets bolder with third kamsarmax buy in five months US-listed shipowner nearly doubles fleet's transport capacity to benefit from rising freight rates
Evergreen presses ahead with 20-boxship order worth up to $2.6bn Containership newbuilding orderbook set to be boosted as Taiwanese owner shortlists five Asian yards
Executive pay drops at both Genco Shipping and Eagle Bulk for 2020 John Wobensmith tops Gary Vogel in CEO compensation by substantial margin
FFA traders back container rates to stay at historic levels Derivatives players suggest 'new wave' of pricing will continue for rest of the year
Havyard changes shipyard name as it prepares for last deliveries Restructured operation to be known as Havyard Leirvik as it focuses on shiprepair
Nordic Shipholding trying to seal merger before banks sell off tanker fleet Danish owner hopeful of successful outcome to talks but equity turns negative
Former Frontline boss MacLeod enters thermal battery business New post at EenrgyNest will see shipping veteran join forces with four former Glencore colleagues
Botas' first FSRU newbuilding heads to Turkey But choice of location for state company's new regasification unit remains unclear
ITF pleased with Maersk's handling of crew-change crisis The union added that conditions at a container terminal in Australia were still unacceptable
First Spark Commodities LNG futures contracts traded on ICE Total, Gunvor, Vitol, and Glencore involved in initial trades with Clarksons as broker
ICS foresees 'perfect storm' as ports turn away unvaccinated seafarers Most seafarers do not have access to Covid-19 vaccines approved by WHO
China's imports of US LPG continues to support VLGCs But analyst cautions a further surge in orders is unlikely as he sees little upside for shipping from ongoing demand in India
Cruiseship sold by Royal Caribbean emerges in fleet of Greece's Marios Iliopoulos The Majesty of the Seas is in Piraeus under the ownership of secretive binge buyer
Norden raises expectations for its 2021 bottom line due to strong dry market Danish owner-operator said bull market would also have positive implications for its owned bulkers
Mexico frees master held for 20 months on drug-smuggling charges Intership captain Andrzej Lasota was arrested in July 2019 after cocaine was found stashed on his MPP
BW honours LNG 'trailblazing' Luis Lesmes with latest newbuilding BP-chartered LNG carrier bears the name of industry trader who died in 2014
French navy finds 6 tonnes of cocaine on ship in Gulf of Guinea France hails biggest ever drugs bust in region as Indian vessel and crew cleared to continue voyage
Hapag-Lloyd set to tap bond market for $357m Second green refinancing project linked to new sustainability target on CO2 emissions
UECC reveals 'stunning' 60% emissions cut in 'smoothie' biofuel trial Norwegian owner says old car carrier turned into environmental frontrunner through new bunkers
Mystery investor fails to buy 5% chunk of Avance Gas after tender Move comes after BW LPG bought into Fredriksen VLGC company last year
Bulker values rising by millions of dollars a week, analysts say Owners with the greatest exposure to capesizes tipped to be biggest winners in terms of net asset value
Walland leaves Ostensjo after 27 years to focus on running Edda Wind Veteran executive will help prepare offshore wind player for IPO
'Giant' of shipping industry Jim Davis dies aged 92 Outspoken IMIF chairman, known for his humour, was a popular figure
Bunker firm offers refuelling services from Augusta, Sicily Bunker Energy will sell marine fuels outside territorial waters to cut delivery costs
FFA traders back container freight markets to stay strong Prices in container forward freight agreements suggest all-time high prices will remain throughout this year
Shipowners seize on IMO 'loophole', but is it a false economy? Staggered global roll-out of Tier III rules allows vessels built to old NOx standards to trade in emission control areas
Iskenderun Ship Management piles on the supramaxes Istanbul-based player has boosted its fleet with multiple below-the-radar bulker acquisitions
Malaysia's Westports expands into cruise with terminal acquisition Facility said to have handled around 190 calls by cruise and military vessels pre-Covid-19
End of an era as Hong Kong's last casino ship heads for auction Abandoned casino cruiseship that was once the pride of the Soviet Union cashes in its chips, probably for good
Offshore prospects starting to improve for Singapore yards, says analyst UOB Kay Hien says over 40 rigs have been removed from the market since the start of the year
ArcelorMittal green-lights stalled iron ore project in Liberia Up to 190 bulkers a year may be needed if mining giant has solved mysterious port rights dispute
Evergreen container ship blocks Suez Canal traffic Vessels are backed up on both ends of the Suez Canal as tugs work to free the ultra large container ship Ever Given.
Could America's historic import crunch get even worse? California's container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
Port of Los Angeles outlines spending plans for new tax funds The Port of LA will use tax funds for repairs needed to address its booming business.
Why are iconic MD-80 jets being converted to freighters? USA Jet Airlines, a small cargo operator, is converting old MD-88s into freighters. Airlines gave up on this plane, so why is anyone investing to...
Vietnamese crude spot premiums resilient despite retracting fuel oil cracks Cash premiums for May-loading Vietnamese crude oil rose to 8-month high supported by pockets of Asian demand despite weakening fuel oil cracks, while prices for Malaysian crude oil grades are expected to edge lower amid weaker gasoil and jet fuel cracks, market sources told S&P Global Platts.
OPEC+ set to reach oil inventory goal later this year as US output lags: Vitol The OPEC+ alliance led by Saudi Arabia and Russia is set to push global oil inventories back to 2019 levels later this year with demand recovering in China and the US lagging on boosting its production, according to Mike Muller, Asia head of Vitol, the world's largest independent oil trader.
OIL FUTURES: Crude slides 6% as pandemic spread dims near-term outlooks Crude oil futures settled 6% lower March 23 as the market reeled from pandemic-dented demand outlooks and a stronger US dollar.
Newbuild Aframax, Suezmax vessels mull West of Suez clean floating storage A number of newbuild Aframax and Suezmax tankers in the West of Suez markets are considering floating storage options for refined products, even though the current contango structure in the underlying ICE low sulfur gasoil futures market isn't wide enough on paper, market sources said March 23.
FEATURE: Handysizes' versatility drives rates to record high **Support from Australia-China rift **Capesizes typically carry coal, iron ore **Handysizes more flexible in cargoes, ports
Fujairah mulls boosting storage capacity to 17 million cu m in four years: official (Updates with more comments) **Current capacity exceeds 10 million cu m **Rising crude flows may lead to infrastructure expansion **Projects may include expanded berth, interconnectivity infrastructure
Success of IMO 2020 rule sets momentum for shipping's decarbonization goals: IMO division head **Limited FONARs show ready supply of compliant fuels **Bunker fuel price collapse supported IMO 2020 rule **IMO working to promote alternative fuels to aid decarbonization
Fujairah now reporting bunker sales via S&P Global Platts; Feb volumes fall 6.2% **Exclusive data published on 20th of every month **February bunker sales total 637,585 cu m **LSFO sales comprise 77% of February total
Fujairah considers renewables, LNG as shipping industry aims to cut carbon footprint **Shippers looking at alternative fuels to cut emissions **LNG, biofuels, hydrogen, ammonia among options **UAE plans to boost hydrogen production
Sovcomflot, Shell complete first Aframax LNG bunker operation in US **Tanker received LNG while en-route to Europe from US Gulf **Operation facilitated by Shell's LNG bunker barge
Asia LR2 tankers rise above w100 first time in 2021: sources **Asia LR rates at year-to-date highs as supply tightens **LR1's premium to LR2 narrows as rates rise
China's Jan-Feb bonded bunker fuel supply hits record high of 3.2 million mt **Jan-Feb bonded bunker fuel supply jumps 50% on year **Output of LSFO for bonded bunkering rise 223%
Singapore MF0.5% market expected to weaken in April on rising supply, weak bunker **Ex-wharf bunker demand weakens on declining demand **Singapore to see sufficient inflow from the West in April
Japan marine fuel 0.5%S differential hits 5-month high amid supply tightness Berth maintenance at Japan's largest refiner ENEOS' Negishi refinery has led to congestion at the key port of Tokyo Bay, limiting spot offers.
Shipping company ONE suspends import bookings into Myanmar amid protests It added that it would strive to deliver shipments that are already on the way despite delays.
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