Scorpio Group invests $122m in hybrid-ready scrubbers The hybrid systems will allow Scorpio's ships to trade in areas where open-loop scrubbers are banned
Solid tanker market to hold firm despite talk of Opec output cut A fall in oil exports from Canada should see the US turn to the Middle East for supplies, boosting tonne-miles...
Scrubber lobby on the defensive after Singapore ban Several shipowners now expect further restrictions on open-loop scrubbers, despite manufacturers insisting that environmental concerns have not been scientifically addressed
Finferries demonstrates world-first autonomous vessel Finferries, the Finnish state-owned operator, has successfully demonstrated the world's first fully autonomous and remotely controlled ferry, using Rolls-Royce Marine...
Ukraine and Russia spar at IMO A host of countries speaking at the IMO, including Germany, the US and the UK, have all condemned Russia for...
Transpacific trade truce comes too late for spot market MSI analyst Daniel Richards says that with shippers already putting their pre-tariff plans into action, the damage to the transpacific...
Cosco Shipping Holdings introduces share option scheme The grant date, or the date when the employees will receive the share option, is pending approval from shareholders and...
A trade war truce is good news for shipping The apparent de-scalation of trade tension between China and US may not have resolved long-term issues, but if shipping benefits...
Lloyd's List Outlook 2019: Dry Bulk Demand looks healthy, supply factors are in check for now, so the outlook for 2019 is looking positive
US Pacific Northwest activists push back against LNG bunkering exports Big energy companies plan to unearth these vast reserves of carbon-intense fuels and put them up for sale in Asia
Port of Anchorage shrugs off earthquake without injuries, damage or disruption Matson Navigation and TOTE services continue as scheduled, officials say
Daily Briefing Containers outlook 2019 | Singapore bans open loop scrubbers in port | Top 10 technology leaders of the year |...
China-US truce brings shipping a touch of spring in December Panamax and supramax ships are likely to benefit from China's immediate restoration of grains imports from the US, while box...
Top 10 technology leaders 2018 In the run-up to publishing the annual Lloyd's List Top 100 most influential people in shipping on December 14, here...
New Maritime UK head calls for Brexit support Maritime lawyer Harry Theochari succeeds David Dingle as organisation's top man.
VIDEO: US Coast Guard lifts cruiseship passenger The US Coast Guard evacuated an elderly woman from a Carnival cruiseship Sunday morning. Agency watchstanders responded by helicopter to the the 110,000-gt Carnival Valor (built 2004) roughly 58 miles off the Texas coast on reports a 71-year-old woman required medical assistance. The woman, and a nurse from the ship, were then flown ashore to emergency medical services at the University of Texas
DHT Holdings executives explain further details of IMO 2020 hand Comments come just days after Singapore took action against open-loop scrubbers.
MR2 buy spells end of Kassian hiatus in tanker S&P Greek player buys first oil carrier in seven years
Avin tipped as buyer of Arcadia tanker Sale of aframax sets new benchmark price of veteran tankers.
Ardmore refinances three ships through leasebacks Anthony Gurnee-led tanker owner expects to net $13m off of three medium-range tankers.
Top Ships closes financing for suezmax tanker brace Evangelos Pistiolis-led Top Ships has closed a $92.5m sale-and-leaseback deal involving two suezmax newbuildings. Nasdaq-listed Top inked the transaction with a major Chinese lessor in what marks one of the final stages in the funding of its newbuilding orderbook. Polembros to take Pistiolis suezmax newbuilding duo Top Ships lines up final pieces of newbuilding funding Pistiolis, chief executi
Navios Containers spending $129m on four boxships Greek owner adding 4,360-teu vessels, with options for two 10,000-teu units.
USC forming four new shipyard groups Russian state group also eyes cruiseships, LNG-fuelled vessels.
CIMC raises $290m in bond sales The world's largest container maker has sold CNY 2bn worth of perpetual bonds to replenish cash reserves and repay debts.
P&I is ripe for a technological revolution International Group clubs should embrace technology and pool data, writes Richard Adler of Marsh
Oceanteam investors agree $22m share issue Restructured Dutch OSV owner Oceanteam is free to issue new stock worth NOK 188.27m ($22m) to support growth. Shareholders approved the sale, and also the swapping of shares worth up to NOK 62m to bondholders in return for cancelling notes of $5.17m. CEO Leidus Bosman said: "We are delighted that both bondholders and shareholders are aligned, taking a long term strategic view and have given us t
Scorpio firms reveal $122m scrubber investment Scorpio Bulkers and Scorpio Tankers set out further details on scrubber installments.
Can Brazilian shipbuilding reclaim its place in the sun? A new president has divided the country but kindled hopes in shipyards that the national industry can recover some of its former glory after the corruption scandal that froze tanker orders
Star Bulk Carriers clears out oldest bulkers Expanding listed owner sheds handymax, circulates cape for sale
Solstad signs 33-month CSV charter Norway' Solstad Offshore has fixed out a construction support vessel (CSV) to Ocean Infinity for 33 months. The deal starts in the third quarter of 2019. Ocean Infinity will use the ship for its global seabed mapping and survey services. Solstad CEO Lars Peder Solstad said: "This is a very exciting project to be a part of, and we are delighted to be chosen by Ocean Infinity as their shipping
Trio of major investors back Okeanis Eco Tankers private placement Major shareholders take up stock as newbuilding funding nears the finishing line.
Hamburg Sud crewman tied up by drugs gang But cocaine later found on board was not planted in Brazilian raid, authorities believe.
MSC reveals IMO 2020 surcharge formula Boxship giant unveils bunker levy to recoup low-sulphur fuel costs.
Nautilus forming JV to buy cancelled mining ship Canada's Nautilus Minerals is forming a joint venture to own a mining ship cancelled by a Chinese yard. The venture with third parties would fund the acquisition and operation of the MAC Goliath, which had been ordered by Dubai's Marine Assets Corporation (MAC). Nautilus had earlier agreed to pay a charter fee of $199,901 per day over five years for the ship, but will now own and charter it out
Drewry: being good at shipping may no longer cut it Consultancy says diversification by giant lines could change landscape completely.
Shipping analysts split on possible Opec impact on tankers With members expected to turn down the taps, experts take different positions on any fallout for tankers.
Eight line up for Lebanon FSRU trio Ministry publishes names of bidders who will now compete for planned regas units
Food for thought: 20 Questions with Wartsila's Tamara de Gruyter What was your earliest memory? Playing in a sandbox in kindergarten with my friends. Did you go through training/university or straight into work? I went to work straight after getting my BSc in shipbuilding engineering from Haarlem Polytechnic. I have good memories of my first job as a technical commercial engineer assisting colleagues in the Asian market, as I was working in an exciting interna
Maersk says 'happy birthday' to Hamburg Sud with Lego gift AP Moller-Maersk has handed Hamburg Sud a very Danish birthday present, just in time for Christmas. Lego stays in shipbuilding as Kirk exits A year on from completing the takeover of the German container line, Maersk says the only way to commemorate is with a Lego vessel. Maersk did not say on its Instagram post how much the model will cost, but its iconic Triple E Lego ship sold for around $15
VIDEO: three missing after ferry blaze Search on off Indonesia following evacuation.
Ex-Western Bulk man Furu is new Hoegh CFO Finance chief joins from law firm Wikborg Rein.
Hyundai Samho inks two more LNG carriers Korean yard follows Latsco order with Asian deal worth $370m.
Trump and Xi agree to call trade tariff truce US and China look to negotiate a lasting agreement after delaying more tariffs by 90 days.
Fake newbuildings land 21 in Chinese jail A project to increase the world's shipyard capacity may sound like a very bad idea, but those involved don't normally go to jail.
Stanford Marine Group reportedly attracting multiple bidders But any sale of UAE-based offshore vessel operator likely to leave creditors facing debt haircut.
US criticizes Yamal LNG transfers in Norwegian waters But Russians accuse US of "resorting to political instruments" for the sake of unfair competition.
Trump-Xi truce good but details elusive, analysts say The American and Chinese leaders agreed Saturday to de-escalate trade tensions, including holding off on additional tariffs, but different factors could contribute to or detract from the truce.
MSC, CMA CGM lay out new fuel cost charges Both companies will start using new formulas on Jan. 1 in advance of the low-sulfur exhaust mandate.
Port of Alaska reopens after earthquake Alaska Railroad remains shut down, but neither TOTE Maritime Alaska nor Matson reports injuries or damage.
Ports fret over CBP's demands for new facilities Maritime port authorities say they are under pressure from Customs and Border Protection to build new on-site facilities for the agency's officers.
Trump says he'll withdraw from NAFTA He told reporters aboard Air Force One that he's making the move in an effort to push Congress to pass the U.S.-Mexico-Canada Agreement.
Georgia announces next inland terminal location
Physicians sentenced to prison for falsifying exams
CBP cancels meeting in honor of President Bush
Freight forwarding executives plead guilty to fixing prices
Mexican President Lopez Obrador sworn in, pledges to intervene in energy prices, attacks energy reform Mexican President Andres Manuel Lopez Obrador promised radical changes and an end to corruption during his inauguration speech, attacking the country's planned energy reform and promising to intervene to lower energy prices.
OPEC focuses on cuts deal after Qatar exit shock OPEC members are determined to agree this week a new output deal
US-CHINA TARIFFS: Fundamentals dampen initial market excitement over Trump's G20 announcement Chinese equity markets rallied on Monday on the news out of the G20 meeting in Buenos Aires that US President Donald Trump had agreed to leave the tariffs on $200 billion worth of Chinese products at 10% from the start of next year, rather than raising them to 25% as previously planned.
Hong Kong delivered LSMGO declines in Nov on ample supply, weak demand The price of delivered low sulfur marine gasoil in Hong Kong declined steadily in November on ample supply and lackluster demand, market sources said.
Bunkering operations at Novorossiisk resume after storm Bunkering and other operations at the Russian Black Sea port of Novorossiisk have resumed
Singapore marine fuel stocks fall 20% on year ahead of new sulfur rule Marine fuel stocks in the world's largest bunkering hub of Singapore have sunk by 20% from last year's level, as a structural shift in the market hastens the pace of change already underway ahead of new shipping fuel regulations set to kick in just over a year from now.
External: Global Risk Management
TRADER NOTE: Island Oil hires Kieran Michael C. Brown as credit manager Brown has more than 15 years of experience as a credit manager.
OPEC works on getting its message right to a skeptical and confused oil market Negotiating an agreement on any cuts will be a tough task in itself.
FUTURES: Crude jumps $2/b as US-China trade tensions ease A 90-day ceasefire truce between the US and China has lent a positive spin to Asian markets this morning, OCBC analysts said.
Fresh US-China trade talks may help restore some commodity flows The provisional cessation of trade hostilities is likely to benefit US exports of soybeans, crude oil and liquefied natural gas to China.
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