Maritime Partners to acquire M/G Transport Metairie, La., headquartered Maritime Partners, LLC is back on the acquisition trail. Back in December last year, the company became the largest lessor of marine equipment in the United States when it
Silver Ships delivers hydrographic survey vessel to Corps Marking the latest expansion in its Endeavor range of workboats, Theodore, Ala., based Silver Ships Inc. has delivered the Tobin, the largest marine surveying vessel in its series. The 49-foot vessel has
Scottish North Sea O&G platforms could be powered by offshore wind Perhaps taking a leaf from Equinor's book in Norway, Crown Estates Scotland today opened a new offshore wind leasing round that is aimed, among other things, at providing green electricity for powering
BHP, PPC and Norsepower partner for combi carrier rotor sail retrofit Mining giant BHP is partnering with Pan Pacific Copper and Norsepower to retrofit a tilting rotor sail on a 53,762 dwt combination carrier. The aim is to reduce greenhouse gas (GHG) emissions
Ukraine grain shipment bulker not covered for war risk or cargo Unsold corn consignment analysed in late May and judged sound, with repeat fumigation as a precautionary measure
Greek shipowner fined $1.1m after pleading guilty in US pollution case New Trade Shipmanagement and chief engineer admit maintaining false and incomplete records and illegally discharging oily bilge water on two...
Monthly ship recycling volumes fell further in July Lloyd's List Intelligence data show that 15 ships of a combined 160,000 gross tonnes were demolished last month
First humanitarian aid ship heads to Ukraine for grains for Africa The bulk carrier is reportedly going through inspections in Türkiye on its way into Ukraine to pick up a cargo of...
Castor Maritime reaps rewards of fleet expansion Improved tanker rates contribute to bulker owner's strong second quarter
Peel Ports volumes rise as congestion grows at rival ports Over-reliance on key ports like Dover has led to severe delays. Shippers are now looking to alternatives beyond the chokepoints
X-Press Feeders, Nippon Marine commit to new tech Its partnership with ZeroNorth will enable X-Press Feeders to increase transparency and reduced workload across its sea and shore operations
QatarEnergy awards contracts for seven LNG carriers MISC, K Line, NYK Line and CLNG enter long-term time charter contract with energy giant for seven large LNG carrier...
Pangaea posts higher earnings from larger fleet and logistics growth Second-quarter results reflect impact of new ice-class panamaxes while Pangaea has also completed renewal of fleet serving bauxite contract
MOL orders second hard sail-fitted dry bulker MOL said a combined use of the Wind Challenger system and rotor sails, an auxiliary wind propulsion system, could cut...
Congestion continues to support HHLA revenues Hinterland disruption is leading to more containers being stored at terminal yards. There is still no clarity on when the...
HMM warns of weakening demand due to 'considerable uncertainties' HMM expects congestion, the main driver behind the latest container shipping boom, to persist over the next couple of months
NYK to retrofit LNG-powered tug to ammonia fuel The modification will begin in fiscal 2023 with the aim of realizing demonstration operations in the port of Yokohama in...
Frangou tightens control over Navios Holdings Holding company to focus on growing South American logistics joint venture but in addition holds valuable equity stake in Navios...
Resumption of Ukrainian grain exports expected to lift smaller dry bulkers Safety issues in the region and the potential risks of cargo delivery failure have created uncertainty over any recovery prospects
PIL returns to profit after debt restructuring Container liner completed a $3.3bn debt restructuring in March last year, after receiving a $600m lifeline from an investment firm...
Malaysia's Tanjung Pelepas Port reaches 1m teu for July The joint venture between Malaysia-based MMC Group and Netherlands-based APM Terminals recorded a total throughput of 1,001,819 teu in July
Daily Briefing Anonymous Chinese shipowner spends $376m on tankers for Russian STS hub | More vessels carrying grains depart Ukraine | Talks...
Maersk developing South Korea-South Carolina air cargo route Maersk Air Cargo is preparing to start U.S. service that originates in South Korea.
HMM cautious in short term despite Q2 profit long jump South Korean ocean carrier HMM expects "downward pressure" on demand growth in the second half of 2022.
DB Schenker taps Latam Cargo for dedicated South America air service Latam Airlines' cargo division has expanded its European service, including a dedicated charter flown for logistics provider DB Schenker.
Tanker shipping stocks pull away from the pack, hitting fresh highs Tankers stocks are doing great. Dry bulk and container stocks temporarily stopped the bleeding. "Maxim stocks" still underperform.
Vertex Energy gets stung by Q2 hedges as it takes over Mobile, Alabama, refinery
Fuel oil stocks build amid softer demand
Crude rebounds on slowing inflation, rising fuel demand
US crude export volumes sink on week as flows to Asia plummet
MEXICO DATA: Crude exports peak in June on high international prices Mexico exported 30.9 million barrels in June, or 1.03 million b/d, the National Hydrocarbons Commission, or CNH, said in a report. The country exported 664,000 b/d to the US, and the rest was shipped in similar proportions to Europe and the Asia-Pacific region, the report said.
REFINERY NEWS: India starts up biofuel unit at Panipat The indigenous technology plant will use about 200,000 mt of rice straw annually to generate some 30 million liters of ethanol, refinery officials said.
JAPAN DATA: July 31-Aug 6 oil product exports rise 38% on week to 3.88 mil barrels Low sulfur fuel oil exports jumped 6.4% week on week to 256,085 barrels in the week to Aug. 6, while high sulfur fuel oil exports surged 118.4% on the week to 841,464 barrels.
FEATURE: Europe's dash for new LNG import infrastructure picks up pace Most of the plans are for floating LNG import facilities -- known as FSRUs (floating storage and regasification units) -- which can be installed more quickly than onshore, permanent import terminals.
Dry bulk shipowners bullish on coal, iron ore shipping demand In their quarterly updates earlier this month, EuroDry, Star Bulk Carriers, Eagle Bulk Shipping, and Genco Shipping & Trading remained largely optimistic over the freight outlook even as macroeconomic conditions worsen.
Oil, product exports from Russian far east port of Nakhodka at 4-year high in Aug Nakhodka exports are destined for Singapore and Malaysia, according to Platts cFlow ship and commodity tracking software from S&P Global Commodity Insights.
FUJAIRAH DATA: Oil product stocks hit highest in 20 months amid loading disruptions Total inventories at the port rose 3.1% to 24.110 million barrels in the week to Aug. 8 from 23.385 million barrels a week earlier, according to data from the Fujairah Oil Industry Zone provided exclusively to S&P Global Commodity Insights. Oil product stocks are up by about 50% since the start of 2022.
FEATURE: EU ETS' initial decarbonization effects for shipping in doubt Once the new regulation comes into force, industry estimates suggest over 2,000 vessel operators would need to acquire emissions allowances -- also known as EUAs -- to stay compliant when trading at EU ports.
Istanbul preferred bunkering hub for vessels leaving Ukraine via new grain corridor Ships loading in Ukraine would typically consider bunkering in Russia, Ukraine, or elsewhere in Turkey and the Mediterranean. However, following a Russian missile attack on the Odessa harbor just day after the agreement was signed, vessels have avoided proximity to Russian and Ukrainian ports.
OIL FUTURES: Crude prices fall on stocks build, rising Russian flows US commercial crude stocks climbed by a surprisingly high 5.5 million barrels in the week ended Aug. 5 to about 432 million barrels, Energy Information Administration data showed Aug. 10. The build left stocks 5% below the five-year average, down from 6.7% below the week prior.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
