VIDEO: Metal Shark selected to develop Marine Corps LRUSV system Jeanerette, La., headquartered shipbuilder Metal Shark has been selected to develop and implement the Long Range Unmanned Surface Vessel (LRUSV) System for the United States Marine Corps. The LRUSV System will deploy
Fraser Shipyards to build VSP-propelled double-ender An infrastructure upgrade project is underway on Christian Island, Ontario, Canada, and one of its main components is the construction of a "floating bridge," in the form of new double-ended ferry. Christian
Hirt resigns as port director of Ports of Indiana-Burns Harbor Ports of Indiana reports that Ian Hirt has resigned after four years as port director of Ports of Indiana-Burns Harbor, effective May 3, 2021, to return to the private sector. The Ports
EU project harnesses key technologies to decarbonize shipping As part of a consortium led by Finland's University of Vaasa, Wärtsilä will play a key role in an EU-funded project aimed at reducing the environmental impact of shipping. Backed by EUR
Autonomy doubles productivity of Galveston Bay survey boat DEA Marine Services, a division of Vancouver, Wash., based David Evans and Associates Inc. (DEA) is using a Sea Machines Robotics SM300 autonomous-command and remote-helm control system as it carries out a
Sweden moves ahead on next-generation Visby corvettes Saab and the Swedish Defense Materiel Administration (FMV) have signed two agreements relating to Sweden's next generation of surface ships and corvettes. The agreements are worth SEK 190 million (about $23 million)
Cosco tanker arm chips in for three newbuild Arc7 LNG carriers Chinese tanker owner meanwhile expects to see a surge in net profits for 2020, despite the Yuan840.9m impairment provisions made...
BP imports first regasified LNG cargo in China The delivery marks the beginning of one of the first direct supply contracts between a supermajor and customers in China
Biden reaffirms support for Jones Act with 'Buy American' executive order President Biden's nominee for Secretary of Transportation, Pete Buttigieg, last week affirmed his support for the Jones Act, saying it...
Industry heavyweights reignite crew-change crisis efforts Over 300 companies pledge to tackle the 'shared responsibility' of crew change, but questions are raised over charterer commitment to...
CTM says supramax pool outperforms market again Vessels in the CTM supramax revenue sharing agreement carried 29m tonnes of cargo last year, which was an increase of...
End to box shortage may be in sight High demand and supply chain disruption during the pandemic have led to a shortage of equipment in key export markets...
Container lines tread fine line on freight pricing Demand for container space has come from shippers of all cargo types. But for low-value goods, the cost of shipping...
Castor clinches largest loan to fund growth Petros Panagiotidis-led Castor said the loan of $15.3m is with a European financial institution
Global Ship Lease share sale raises $70m to grow fleet Offering is expected to close tomorrow, but underwriters have 30 days to exercise an option to purchase up to 810,000...
Hong Kong enables larger boxships to transit key waterway The move could lead to improved vessel traffic and business to the Asia maritime hub. It will also give carriers...
Yilport names Sartini as co-chief executive After a long and varied career, Nicolas Sartini left French carrier CMA CGM last year. He will now share chief...
Daily Briefing Free to read: No hiding place for flags that don't pull their weight | LNG trade needs greater liquidity to...
South Korea boosts box capacity to help exporters The Ministry of Trade, Industry and Energy says discussions are also being held with domestic, as well as foreign, shipping...
Indonesia probes suspected illegal Iran oil transfers Coastguard says the tankers are suspected of several violations, including not displaying national flags, shutting off their Automatic Identification System...
Norway's Cryo claims LNG bunkering record in Straits A vessel spot-chartered from Avenir has supplied the biggest LNG-fueled vessel yet, according to LNG bunkering specialist Cryo Shipping
Alleged patent troll drops Maersk lawsuit Transcend Shipping System's lawsuit against three other boxship companies remain open
Azamara adds Pacific Princess as fourth ship Private equity firm Sycamore Partners has bought the boutique luxury line for $201m from Royal Caribbean Group
Biden-fuelled energy patch swoon helps send stocks to first down week Negative sentiment on oil patch in new US presidency played its part as shipping finally underperforms broader market
Two names under consideration for Biden's maritime administrator John McCown and Mike Rodriguez are said to be in the running
Cosco looking to widen OOIL share base in $120m deal JP Morgan brought in to find buyers for Hong Kong container line's stock
Okeanis VLCC's top-dollar China run shows scrubber premium Brazilian fixture ties up Greek tanker at $17,000 per day to ride out weak market
Scorpio Bulkers' wind shift blew Evermore in direction of Oslo's Cadeler Investment firm has 2% stake in Swire/BW-backed wind-turbine installation vessel player
Evermore Global may have cut shipping stake in 2020 - but it will not be for good New Jersey investor more than halved its stake, but says it will be back with bigger positions in fewer names
Biden's Keystone rejection strikes positive tone for tanker owners Analysts predict more seaborne crude trade as Canadian producers look for other outlets
Theochari retires as Norton Rose Fulbright transport head after more than a decade at helm Industry stalwart says he does not want to be 'an old guy hanging around forever'
Navy hunts for veteran cargoship that disappeared off Colombia Colombian forces say the Carmen 1 sent alert but has not been found
First carbon neutral-certified container shipment claimed Box of bananas loaded at Ecuador port on MSC vessel said to be first shipment handled at import and export ends by green-certified companies
Berglund reflects on life in Hong Kong and rebuilding Pacific Basin Tanker and bulker veteran Mats Berglund will be retiring to Sweden in July, but his love for Hong Kong remains as strong as ever
CMA CGM stalwart Sartini joins Yilport as co-chief executive Long-time trusted lieutenant of French liner giant takes top spot at growing Turkish port operator
CTM supramax pool outperforms index as volumes jump in turbulent year Radziwill-run bulker revenue sharing agreement says pandemic forced it to find new ways of working
Hyundai Mipo bags MR tanker newbuildings worth up to $145m Letter of intent for the four product tankers was inked last year
Iran again swats away diplomatic overtures to solve Hankuk Chemi saga Offer from Qatar to mediate turned down as Iran insists chemical tanker's seizure was not politically motivated
Moundreas keeps spinning on capesize wheel with two buys Freight rate increases for bulkers percolate unusually quickly into the secondhand market
Indonesia seizes Iranian and Chinese VLCCs over alleged illegal transfer Coast Guard detains NITC and Shanghai Future tankers off Kalimantan
BP takes Union Maritime LR2s as Shell fixes wind-powered tanker Union Maritime and Buana Lintas Lautan fix out recently acquired product tankers, say brokers
Germany's fleet nears nadir and looks to the future Maritime cluster survives coronavirus but its sustainability remains a key question
Germans carve a future with global ship management giants Thomas Rehder explains how traditional owner-managers are reinventing themselves as third-party managers
Cape Shipping makes timely comeback in large bulkers Canny asset player emerges with Japanese-built ore carrier, which has rapidly appreciated in value since its purchase late last year
Thoresen picks up second Scorpio bulker in its first deal of 2021 Thai bulker owner already looks to have made $1m on purchase price on back of improving freight rates
Singapore to continue to pay for local maritime sector's Covid-19 testing Government says it is extending subsidy as virus continues to pose significant public health risks
Royal Caribbean sells off two Ecuadorian-flagged expedition cruiseships Departure of ships operated by Silversea and Celebrity brands linked to fleet replacement plans
New J&J Denholm management team ushers in generational change Fifth-generation member of the Denholm family becomes new CEO in major executive leadership overhaul
Singapore to continue to pay for maritime sector's Covid-19 testing Government says it is extending subsidy as virus continues to pose significant public health risks
For P&I alternatives, shipowners should fix their eyes on Asia With the mutual market struggling, fixed premium providers are well placed to take advantage of Asian growth
China's Ruiyang Shipping splashes close to $300m on feeder boxships Low-profile outfit is teaming up with a Japanese company to operate China-to-Japan feeder service
Supply-demand imbalance continues to vex air cargo shippers If you can't rent an entire cargo plane for yourself, you might have trouble finding space on an aircraft to make an international shipment.
ECB sees rapid progress on carbon pricing: Lagarde The European Central Bank sees rapid progress on carbon pricing as the EU Emissions Trading System is set to be aligned with the EU's stronger climate targets for 2030, the bank's president Christine Lagarde said Jan. 25.
Peninsula set to commence bunker supply operations in Skaw Marine fuel supplier Peninsula is expanding its supply operations to the Skaw region, using two supply tankers with a combined capacity of approximately 10,000 mt, the company said Jan. 25.
Saudi Arabia to officially mandate diesel spec change in 2022: FGE Saudi Arabia did not officially implement a diesel spec change this month, contrary to market speculation, but will reduce the sulfur content of gasoil/diesel for domestic use from 500ppm to 10ppm next year, consultancy Facts Global Energy (FGE) said in a note Jan. 22.
Japan's Osaka Gas aims for 2050 carbon neutrality by methanation, renewables boost Japan's Osaka Gas said Jan. 25 it aims for achieving carbon neutrality in 2050 through a series of measures including the introduction of methanation to decarbonize its city gas feedstocks and boost the renewable energy share in its power generation mix.
Canadian crude-by-rail exports rise sharply in November from multiyear lows Canadian crude-by-rail exports rose sharply in November as producers ramped up output taken offline at the start of the pandemic.
Ukraine's 2020 transit of Russian oil to EU down 6.3% on year to 12.3 mil mt Ukraine's transit of Russian crude oil for exports to the European Union fell 6.3% on the year to about 12.3 million mt in 2020 from 13.13 million mt shipped in 2019, the state oil shipper UkrTransNafta said Jan. 25.
Libya's Waha oil fields resume production after pipeline work Production from Libya's Waha oil fields has "gradually resumed" after repairs were completed on a key pipeline, state-owned National Oil Corporation said Jan. 25.
Rotterdam 2020 bunker volumes rise 6% despite coronavirus: port authority Total sales of oil-based bunker fuels, excluding lubricating oils, at the Dutch port of Rotterdam, the world's second largest bunkering hub, rose 6% in 2020 to 7.518 mil cu m, according to data from the port authority.
OIL FUTURES: Crude climbs amid tightened supply outlooks, easing US lockdowns Crude futures settled higher Jan. 25 amid tightened supply outlooks and easing COVID-19 restrictions in the US.
Rough seas lift Black Sea freight rates, delay loading of products Bad weather in the Black Sea has provided support for clean tanker freight rates, with delays in the Bosporus last week causing a backlog of vessels and late arrivals, sources said Jan. 25.
INTERVIEW: Methanol's bunkering uptake blunted by availability, industrial lure: Methanex **Methanol has competitive opex, capex costs **The chemical has different industrial uses **Shipping market will use wide range of fuels
Europe and Africa residual fuel -- key market indicators this week Local demand for bunkering in the European market continued to remain sluggish in the week ended Jan. 22, as market sources look to fundamentals on arbitrages to Asia for price support instead.
AMERICAS BUNKERS: Key market indicators Jan. 25-29 Key spot marine fuel markets throughout the Americas entered the week of Jan. 25-29 under pressure from the US energy complex, while demand fundamentals remained bearish for some regions.
Rotterdam LNG bunker sales hit record high in 2020 **Q4 volume up over 45% from previous quarter **LNG-fueled container, cruise ships boost demand
CHINA DATA: Jan crude throughput recovers as many refiners complete maintenance **PetroChina Jan average run rate up by one percentage point **Several Sinopec refineries resume operations after maintenance **Coronavirus spread in Hebei may weigh on crude throughput
Asia residual fuel market - Key market indicators this week Asia residual fuel markets are expected to be supported going into the last trading week of the month.
Fresh blow for Libya's oil revival, as militia threatens to stop crude exports at three ports **Ras Lanuf, Marsa el-Hariga, Ras Lanuf may be affected **PFG demands immediate payments of salaries **Revenue feud between NOC and CBL escalates
Bunker sales in Panama recover in Dec, resilience seen in H2 2020 **Bunker sales in Panama rise 13.6% in December **Total sales of bunkers in 2020 fall 11.4% on year **Prices on the rise
Panama Canal constraints persist for LNG tankers arriving without a reservation **Average wait of 10 days for vessels headed to Pacific **Asia spot prices remain robust despite fall from record
TANKERS: Port of Corpus Christi crude shipments up 65% in 2020, sees record tonnage **Corpus December exports at 1.9 million b/d **Corpus export activity around 4.41 million b/d end-2020 **Houston exported 685,250 b/d in December
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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