Port Canaveral gets $1.5 million in state funding for new fireboat The Canaveral Port Authority will receive $1.5 million in funding from the State of Florida to support the acquisition of a specialized fireboat to provide marine firefighting and rescue capabilities for Port
Philly Shipyard to appoint CFO with "deep government contracts experience" With no ships on its current order book Philly Shipyard has declared its intentions to "go gray" and seek U.S. government contracts. It has already succeeded in becoming one of four shipyards
PPG wins $78 million MSC coatings contract Pittsburgh, Pa., headquartered PPG (NYSE: PPG) reports that it has been awarded a five-year, $78 million contract by the U.S. Navy Military Sealift Command (MSC) to provide coatings, solvents and technical services
FERRIES 2019 will include tour of leading maritime training facility Marine Log's FERRIES 2019 conference and expo, which this year is being held November 5 & 6 at the Renaissance Fort Lauderdale Cruise Port Hotel, Fort Lauderdale, Fla, will offer a full program
VT Halter starts construction on third Navy berthing barge VT Halter Marine, Pascagoula, Miss., has started construction on the third Auxiliary Personnel Lighter - Small (APL(S)), a new class of berthing barges commissioned by the U.S. Naval Sea Systems Command (NAVSEA).
Seaspan hands over Canada's first OFSV Seaspan Shipyards officially handed over Canada's first Offshore Fisheries Science Vessel (OFSV), the CCGS Sir John Franklin to the Canadian Coast Guard in a June 27 ceremony held aboard the vessel. Built
Wake Media appoints Andy Ford as Operations Director U.K. based specialist maritime and offshore marketing agency Wake Media has appointed Andy Ford as Operations Director, effective July 1. Reporting to Managing Director Steve Parks, Ford will be responsible for enhancing,
DP World acquires Topaz Energy in $1.1 billion deal Dubai headquartered global port operator DP World has acquired Topaz Energy and Marine Limited from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital in a deal valued at $1,079 million. Topaz,
New MARAD warning on regional conflict and piracy The U.S. Maritime Administration has issued a new advisory (2019-007) warning of violence due to regional conflict and piracy in the Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman, and
How to shine a light on shipping's grey areas Some flags are playing a cat and mouse game with sanctions busters, others are happy to turn a blind eye...
Turkey-Greece ferry link starts operations Direct Turkey-Greece service promises to cut the transit time between Europe and Turkey for truck traffic and reduce congestion at...
EU starts special trade system for dealing with Iran Marine insurers and shipping companies may be hoping for re-opened doors, but after the recent tanker attacks in the Gulf...
Containerships are maritime's biggest polluters, EU data shows The European Commission publishes the results of the first Monitoring, Verification and Reporting regulation report period
Former Höegh Autoliners executives face US cartel indictment Two shipping executives agreed with competitors to fix, stabilise, and maintain rates charged to customers of international ocean shipping services...
Australia secures lion's share of China's rising uptake of LNG imports It is also not a given that Australia may overtake Qatar as the world's top LNG exporter this year, the...
HMM to join The Alliance as full member HMM has until now been an associate member of the 2M group with Maersk and Mediterranean Shipping Co
Maritime Cook Islands registry appoints Chatzigeorgiou to top job Angelos Chatzigeorgiou takes the helm of the Maritime Cook Islands registry
DP World agrees $1.1bn takeover of Topaz Topaz buy adds 117 vessels to DP World's fleet in logistics services push
K Line to form joint venture for coal and LNG carriers The joint venture, to be based in Taipei, is expected to start operations in October 2020
BW Offshore names Marco Beenen as chief executive Former BW Offshore chief executive Carl K Arnet has been appointed to run BW Energy
Daily Briefing Skuld only IG club with underwriting surplus | Data and technology herald 'sea change' in marine insurance | CSIC strikes...
KS Energy units sign drilling deal while cancelling Cosco newbuild Oil and gas services company KS Energy expects to write off $26.8 m in costs relating to the construction of the KS Orient...
Mitsui & Co and JOGMEC pick up 10% stake in Arctic LNG 2 The 19.8m tonnes per annum Arctic LNG 2 is expected to start production in 2023
Maersk's Skou applauds ordering discipline as boxship sizes peak 'You are going to drive the company into bankruptcy if you want to grow by 10% to 20% in a...
Maersk unit loses permit for Los Angeles port automation plan The debate over automation in the Port of Los Angeles has gone well beyond the local level to reach the...
Euronav continues buyback program Euronav has bought back another swath of shares, this time more than 1.1 million on both Brussels and New York markets. The Belgian tanker giant reported Monday that it had spent €9.2m ($10.4m) on the buybacks, bringing its total holding to 4.5 million shares, or 2% of the company. Plato, Conrad, Bob Marley and high spirits: Euronav bids farewell to Rodgers Euronav began buying back shares in D
Japan hopes foreign workers can boost yard productivity Faced with an ageing and declining population, the world's third-largest shipbuilding nation will grant visas to yard workers for the first time since World War II
Hagland Shipbrokers unites European offices with a rebrand All four of RG Hagland Shipbrokers' offices in Europe are to operate under the company's new name, Hagland Shipbrokers, following a rebrand. RG Hagland adds F3O broking team in Aberdeen The move will unite the offshore broker's branches in Norway, Denmark, Germany and Scotland under the same visual identity, email addresses and web page. Following the consolidation, Hagland Shipbrokers will com
Diana Shipping panamax wins contract extension at lower rate One of Diana Shipping's panamax bulk carriers has had its existing timecharter extended by around another year at close to a 10% rate cut at a time spot rates are climbing. Diana Shipping offers another buyback The 77,529-dwt Atalandi (built 2014) will remain on charter to Uniper Global Commodities for 11 to 13 months from 7 July, the New York-listed shipowner said in a release Monday. The gr
First LNG cargo of 2019 moving east along Northern Sea Route Northern Sea Route opens to Arc7 LNG carriers for summer season
Kidnapped tanker crew freed in Nigeria Pirates release men from Greek-controlled Apecus, Indian government says.
Castor Maritime puts $10m in shares on shelf Nasdaq-listed bulker owner plans to use proceeds for fleet expansion or general business purposes.
Japanese duo buy into Arctic LNG 2 Russia's Novatek has brought two more investors on board for its Arctic LNG 2 project. A consortium comprising Mitsui & Co and Japan Oil, Gas and Metals National Corporation (JOGMEC) have agreed to buy a 10% stake. Their participation also provides for the long-term LNG off-take of 2m tons per year by the Japanese partners. "We welcome the consortium of Mitsui and JOGMEC as partners in our Arct
Titan LNG turns up heat in LNG bunkering sector Naming ceremony feature fierce debate, sweet treats and live bunkering
Team Tankers tied to $8.2m sale and leaseback transaction Team Tankers, the shipowner chaired by Morten Arntzen, has sold one of its vessels to an Asian buyer, multiple brokers say. Key shipping players party onboard the Christian Radich Banks: Scrubber financing is 'very risky' The 13,400-dwt Sichem Paris (built 2008) has changed hands in an $8.2m deal, it is claimed. Shipbrokers believe the tanker has been chartered back to New York-listed Team Tan
Paris MoU detentions down but IMO 2020 compliance questions loom Fewer vessels held or banned in 2018 after port state control checks
Cosmoship wades deeper into handysize bulk carrier sector Nick Savvas-led outfit buys fourth unit this year with plans to grow its fleet numbers and capacity
DFDS hires fresh finance head as new strategy takes shape Karina Deacon is to join DFDS Group as its chief financial officer, following Torben Carlsen's promotion from the position earlier this year. DFDS targets acquisitions in new five-year plan DFDS plans unsecured offering to refinance maturing bonds Deacon start work in the role on 1 January 2020, according to an Oslo Stock Exchange filing on Monday. Carlsen was promoted to president and chief
John Angelicoussis sells oldest bulk carrier for demolition Greek shipowner John Angelicoussis is disposing of its oldest bulker, sources say. European brokers say the 246,000-dwt ore carrier Zhongte (built 1989) has gone for scrap. A price of $426 per ldt, or $15.4m, is being placed on the ship in a sale that includes 600 tons of bunkers. Occidental Petroleum pulls plug on VLCC deal with major owners Angelicoussis back at Daewoo for another LNG new
AP Moller-Maersk adds $145m to buyback amid upgrade and trade war cease fire AP Moller-Maersk has stepped up its share buyback efforts with a $145m investment in its own securities during the past week. It follows a $105m move on its A and B shares a week earlier as the world's largest shipowner began a $1.5bn programme. AP Moller-Maersk scoops shares worth $105m in first stage of buyback Maersk Line launches bid for share of digital bookings Soren Skou sets out list o
Economou's Classic wins $20m payout in COA default row Bulker owner to be compensated for force majeure despite the fact that charterer could not have performed contract in any case
HMM to leave 2M to join THE Alliance Carrier will be fourth member as group extends partnership for another 10 years
BW Offshore and BW Energy reshuffle management after spin-off Meanwhile, one of BW Offshore's FPSOs has had its contract in Nigeria extended for a further six months
Hyundai Mipo adds two more tankers worth $76m South Korean shipbuilder continues order run with European deal.
Tufton Oceanic Assets boosts fleet with containership deal Vessel comes with long-term charter and is the third purchased since March capital raise
K Line teams with Taiwanese on bulkers and LNG U-Ming and Kuang Ming also involved in company that will service Taipower contracts.
Library ship and bulker collide in Argentina Logos Hope avoids serious damage in incident in Parana River.
DP World strikes again with $1.1bn Topaz takeover Dubai ports and shipping group snaps up Middle East OSV operator from Renaissance Services
Samsung adds $120m 'special-purpose' ship South Korean yard inks deal with European client.
Grimaldi ro-ro caught in Senegal cocaine seizure Incident in West Africa is second involving Italian-owned vehicle carrier in less than a year
Singapore's Smart Port Challenge seeks its maritime unicorn MPA-led start-up competition paid out grants totaling almost $500,000 last year.
Singapore suspends Inter-Pacific Petroleum's bunker craft licence Maritime Port Authority has now removed permits from three companies in a little under a year.
Unipec now major player in suezmax and aframax trades Chinese company among top ten charterers in two other major tanker sectors, says Poten.
FreightWaves acquires American Shipper "American Shipper journalists, contributors and sponsors will now have access to the world's largest audience for transportation and logistics news and content. Best of all, like all commentary and news content offered by FreightWaves, all American Shipper content will be available without a restrictive paywall," said FreightWaves CEO Craig Fuller.
Los Angeles City Council vetoes permit for Pier 400 The Los Angeles Board of Harbor Commissioners will reconsider a coastal development permit it approved earlier this month for the APM Terminal at Pier 400.
HMM will switch from 2M to THE Alliance in April The change will happen around the same time that HMM starts taking delivery of the first a dozen 23,000-TEU containerships.
E-commerce and Type 86 pilots coming soon Customs is using the pilots to get more information on nontraditional supply chain actors, a senior CBP official said during a conference last week.
Wieland selected as CEO of Massport
Longer freight trains plague emergency responders
DP World to acquire Topaz for $1.1 billion
Lawmakers want more time for LNG by rail permit
FMC reviews 17 OTI license applications
Genesee & Wyoming to be acquired in $8.4 billion deal
MARINE FUEL 0.5%: Premiums over HSFO rise in June on growing demand The Asian low sulfur fuel oil market saw a surge in premiums to high sulfur fuel oil in the first half of June.
ICE July Singapore HSFO open interest up 16.7% to 13.66 million mt The arbitrage trade has not been workable due to strength in 3.5% sulfur FOB Rotterdam Barge prices, which cut cargo flow to the east, traders said.
Taiwan's CPC mulls to sell another LSFO cargo for Q3 on weak utility demand "Demand [for LSFO] is low. We may sell a low sulfur fuel oil cargo for August or September," the company source said.
FUTURES: Oil up more than 2% as OPEC looks to extend supply cuts "In the winter period it would be difficult to exit the deal, when demand is falling and in the summer period, demand rises," Novak said.
TRADER NOTE: HK's Brightoil board goes through a shake-up The resigned directors held the view that material information about the company was not provided to them in a timely manner.
OPEC and allies set to consider nine-month oil cut extension "I think it's most likely nine months, but we have to talk to other ministers," Saudi energy minister Khalid al-Falih said.
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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