VIDEO: Evergreen containership aground near Baltimore Another giant Evergreen Marine Corporation containership has grounded, but this time in the Chesapeake Bay, not the Suez Canal. Though not as large as the notorious 1,312 feet 2 inches long, 20,112
Major P&I merger will create new marine insurer Marine P&I (protection and indemnity) insurance mutuals have long been facing challenging marketing conditions that have led observers to predict that further consolidation in the industry was likely. Today, two well-known players-North
Maritime Partners christens M/V Emily Webber towboat Maritime Partners held a christening ceremony last month for the M/V Emily Webber towboat, the seventh of nine vessels the company is building at Intracoastal Iron Works in Bourg, La. The towboat
ABS, too, withdraws class services to Russia The American Bureau of Shipping (ABS) has joined the growing list of classification societies withdrawing services to Russian-linked entities. The society says that "after careful consideration of the situation in the Ukraine
Port of Humboldt Bay to get $10.5 million in offshore wind upgrades The California Energy Commission (CEC) has approved a $10.5 million grant for renovations at the Port of Humboldt Bay in Eureka, Calif. The upgrades will support offshore wind activities in an area
Ukraine: IMO seeks safe "blue corridor" for ships As the Russian invasion of Ukraine continues, the International Maritime Organization (IMO) is calling for the establishment of a blue safe maritime corridor. It would allow the safe evacuation of seafarers and
First of 5 Edda Wind CSOVs named at Gond'n Spanish shipbuilder Astilleros Gondán S.A. held a naming ceremony at its Figueras shipyard for the first of five offshore wind commissioning service operation vessels (CSOVs) it is building for Norway's Edda Wind.
Bordelon Marine signs Jones Act intervention vessel charter agreement Bordelon Marine LLC, Lockport, La., has signed a one-year firm charter agreement with Helix Robotics Solutions, the U.S. robotics division of Helix Energy Solutions Group, Inc. (NYSE: HLX) for the M/V Shelia
OP-ED: AI-enabled predictability-an immediate opportunity for fuel and emissions savings By Roberto Coustas, co-founder and CEO, DeepSea Technologies Imagine that you could wake up every day and know with a degree of 99% accuracy what your day will entail. The length of
Dorsey appointed VP operations at Ingalls Shipbuilding Huntington Ingalls Industries (NYSE:HII) reports that Donny Dorsey has been appointed as vice president of operations at its Ingalls Shipbuilding division. Dorsey, formerly ship program manager for all DDG waterfront efforts at
Shell and Maersk Tankers still shipping Russia cargoes Oil major is sending Ust-Luga cargo to Rotterdam while Maersk Tankers says it is fulfilling existing contracts made before it...
Why we need to do more to improve on diversity, equity and inclusion in maritime The Global Maritime Forum says its All Aboard Alliance, to be launched in May, will seek to solve the long-term...
Top Ships scores highest profit since 2008 Two very large crude carrier deliveries this year have contributed to a shift in balance of fleet towards crude oil...
Week in newbuildings: Mid-size boxships carry the day With an ageing existing fleet, mid-size containerships are proving a popular choice with four separate newbuilding orders for this vessel...
Saverys family overtake Fredriksen as Euronav's largest shareholder The strategic Euronav shareholding race between the Antwerp-based shipping family behind CMB and tanker tycoon John Fredriksen has seen Team...
Hapag-Lloyd secures SFL neo-panamax sextet for five years John Fredriksen-backed SFL has announced lucrative long-term charters for six sister containerships bought from Greek owners in 2018 and 2021...
Maersk joins calls on IMO to enshrine lifecycle emissions rules Maersk urges IMO to stick to the principle of measuring ship emissions from well to wake, warning that ignoring supply...
The week in charts: Calls cut at Russian container ports | Marine fuel prices at record | Container liftings continue to fall Containerships are either reducing, or dropping, services to St Petersburg and Vladivostok, vessels begin transiting the Kerch Strait for the...
Lockdowns in China deepen supply chain disquiet Rising coronavirus infections in China and the restrictive measures imposed on factories and logistics companies are set to worsen the...
North P&I merges with Standard Club to tackle industry challenges P&I club business models are under pressure; decarbonisation will racket up that pressure. P&I clubs want to support owners in...
Market uncertainty spurs premium for Sinokor VLCC period charters Shipbroker says rates reported are as much as $9,000 per day higher than one-year period charter assessment
TradeLens looks to electronic bills of lading for growth in China The Maersk/IBM operated digital platform is optimistic about its prospects in China, with some Tradelens member carriers also considering using...
HMM nominates Kyung-bae Kim as chief executive The new chief executive role will be confirmed at a shareholders' meeting on March 29, company says
Shipping's Russian exodus continues as ABS and Cyprus withdraw services Flags providing services to Russian controlled vessels are now in the spotlight after class withdrawals from Russian shipping prompted widespread...
Tonnage taxes keep government hands off box shipping's profits bonanza Tax regimes based on tonnage can be expensive when there is little profit coming in. But in container shipping's year...
CSSC nets orders for up to six mid-sized boxships Yards under the Chinese state-owned shipbuilding group have been favoured by a number of owners to construct the mid-sized containerships
Daily Briefing Russian class expelled from IACS | Boxship operators phase out Russia calls | Maersk to divest Russian terminal stake |...
South Korean yards win more dual-fuel boxship orders Demand for replacing old containerships with fresh dual-fuel tonnage is expected to continue
Boeing to convert more 767 jets to freighters for ATSG When planes age they become less pleasant for passengers and cost more to operate. That's when companies like Air Transport Services Group buy them for...
Container ship runs aground in Chesapeake Bay The Coast Guard said it is working with the Maryland Department of the Environment to refloat the grounded Ever Forward.
HMM making change at helm Current CEO Jae Hoon Bae was not mentioned in the announcement that Kyung-bae Kim will succeed him.
GPA paving way for more vehicles at Port of Brunswick A $150 million project at the Port of Brunswick will increase annual capacity to 1.4 million vehicles.
Maersk's Performance Team opening Houston cold chain facility he Houston cold chain facility is scheduled to open in August and be operated by Performance Team, a company Maersk acquired in 2020.
FAA approves Textron SkyCourier; FedEx to receive 1st delivery soon The all-new Cessna SkyCourier is an important part of FedEx's fleet modernization for serving small, rural locations.
Prompt extends user-controlled AI tools to leading TMSes "Prompt is the leading logistics technology company with all the major global data privacy and security certifications - GDPR, ISO27001 and SOC 2 - meaning...
Report: Climate change could cost shipping industry $25B annually by 2100 Rising sea levels and increasingly extreme weather are expected to cost ports and shippers billions of dollars annually.
Port of Mobile awarded $300M for infrastructure, intermodal improvements The Alabama State Port Authority will receive $265 million from the 2022 federal spending bill and a $38 million grant from the U.S. Department of...
Logistics companies warn clients lockdown in Shenzhen will impact port activity Seko Logistics, Worldwide Logistics among those reacting to China's "zero-COVID" strategy.
Japan to step up supply diversification as G7 commits to cut Russian energy reliance Russia accounted for 9% of Japan's total LNG imports of 74.32 million mt in 2021 and 4% of total crude oil imports of 2.48 million b/d, according to Ministry of Finance data.
Russia's Glavgosexpertiza approves expansion of Ust-Luga light products terminal The projects involves three phases. Following the completion of the first phase, the terminal will be upgraded and its capacity will be increased from 12 million mt/year to 16 million mt/year.
Russia-Ukraine conflict to deepen Fujairah's LSFO shortage: traders UAE importers have been wary of dealings with Russian oil producers and shipping companies due to economic sanctions on Russia following its military invasion of Ukraine, market sources said.
Maritime classification societies, associations suspend ties with Russia, urge caution The International Bunker Industry Association has suspended services to Russian members and urged all members to be vigilant in all their business transactions to ensure they are not in breach of any applicable sanctions.
Russia seeks closer energy links with Qatar: minister Russia is looking to increase energy links with alternative partners after the US and European governments moved to drastically reduce cooperation with Russia, following its invasion of Ukraine.
Floating storage levels steady as Iranian, Venezuelan crude producers wait There were 91.78 million barrels in floating storage in the week starting March 11 and slightly under three quarters of this was Iranian and Venezuelan, data from shipping tracking software firm Kpler showed.
European refiners eye higher runs as margins soar, but face issues securing feedstocks Surging refining margins and strong demand for fuels could see European refineries try to increase run rates, but the unprecedented issues with securing crude and feedstocks amid the fallout from Russia's invasion of Ukraine mean some may end up having to lower runs, according to oil market watchers.
Singapore 180 CST HSFO crack spread surges to 2.5-year high as SRFO demand rises The spread hit a two-and-a-half year high March 11, and was last higher Sept. 17, 2019, at plus $3.95/b, which traders said was indicative of a combination of rising demand and lower supply.
SINGAPORE DATA: Feb bunker sales fall for fourth straight month to 3.50 mil mt Sales of all bunker grades in February marked double-digit declines from the previous month, the MPA data also showed, amid relatively subdued demand.
Limited stockpiles buoy Fujairah's balance-March ex-wharf bunker premium A lack of low sulfur fuel oil blending pool components amid the Russia-Ukraine conflict has lifted bunker premiums of the delivered and ex-wharf grades, local bunker suppliers said.
Asia residual fuels: Key market indicators for March 14-18 Low sulfur and high sulfur fuel oil cargo premiums were rising in Asia and Europe, partly due to less product being loaded at Russian ports, and this trend is expected to continue into the week of March 14, according to traders in Asia.
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