Asao Shirai to lead new Ecochlor office in Japan Focused on providing a local solution for shipowners with their ballast water management system (BWMS) regulatory challenges, Maynard, Mass., headquartered Ecochlor has appointed Asao Shirai to lead a new office in Japan
Bollinger delivers FRC 35 Bollinger Shipyards has delivered the USCGC Angela McShan, the 35th Fast Response Cutter (FRC) to the U.S. Coast Guard. The Coast Guard took delivery August 1, 2019 in Key West, Fla. Bollinger
Schottel modernizes two Finnish ferries Spay, Germany, headquartered Schottel reports that its after sales team has carried out a modernization on two double-ended ferries operated by FinFerries Both vessels, capable of holding either 14 cars or up
Boluda closes Kotug Smit Towage acquisition Boluda Towage, the towing division of Spain's Boluda Corporación Marítima, has successfully closed the acquisition of the Dutch company Kotug Smit Towage. The transaction strengthens Boluda's position as leading operator in Europe,
Maritime Partners takes delivery of first newbuild towboat Recently delivered by Intracoastal Iron Works, Bourg, La.,the Larry B. Whipple is the first in a series of seven newbuild towboats that the shipyard is building for Metairie, La., based Maritime Partners
BAWAT applies for USCG BWMS type approval The USCG Marine Safety Center has received its 29th application for Ballast Water Management System type. It is for the BAWAT Mk 2 system manufactured by Denmark's BAWAT A/S. MSC will review
Fincantieri uses ALE equipment and technology for cruise ferry stretches The lengthening of two Grimaldi Group group cruise ferries by Fincantieri's Palermo, Italy, shipyard earlier this year was accomplished using heavylift equipment and expertise supplied by Stafford, U.K., based ALE . The
Sovcomflot signs up for ABB remote diagnostics support ABB has won a contract to supply its ABB Ability Marine Remote Diagnostic System to eleven Sovcomflot vessels operating in the Arctic and Russia's Far East, helping optimize safety and performance through
UK re-opens controversial Brexit ferry tender 'We urge both the new UK government and EU leaders to continue to prioritise frictionless trade in their negotiations,' says...
Indonesian 2020 cabotage waiver could create unfair competition and legal risk Sprawling archipelagic Indonesia may not be the only nation seeking to implement IMO 2020 waivers within port waters
Unpaid bills led to grounding of Russian bulker, say investigators The MAIB has advised Murmansk Shipping to take steps to ensure that its vessels are adequately resourced to operate safely...
GasLog eyes higher LNG carrier charter rates GasLog expects shipping availability to tighten in the second half of the year onward in account of new LNG supply...
Shipowner groups call for delay to Panama Canal toll rise New toll structure is set to come into effect on the same day that low-sulphur emissions rules become mandatory
Global box port volumes edging up to 1bn teu Asia will provide the container port industry with the lion's share of volume growth in the coming years, says Drewry
Strong LNG fails to lift Teekay out of loss Teekay's tankers unit is expected to get a lift from higher refinery runs through the latter part of the year...
Restis signs orders for up to four MR2s at STX Greek owner launches tanker renewal programme for wet arm Golden Energy Management
Yangzijiang-Mitsui JV shipyard starts operation The new yard has been established in response to China's rising clean-energy demand, says Mitsui E&S Shipbuilding in a statement
DSV posts best-yet quarterly operating profit DSV reported above market growth in seafreight volumes of 6% during the second quarter
South Korea pledges $35bn investment in port expansion A substantial amount of the funds will be invested in the port of Busan
PSA ties up deal for Halifax hub Halterm Container Terminal is currently undergoing expansion, which will allow for dual ULC berthing
Viewpoint: Enter the maritime micromanager The rise of automation on ships is leading to a culture of micromanaging, undermining seafarers' confidence, sidelining their decision-making skills...
Daily Briefing Swedish Club doubles war risk premiums as Hellenic trims rates | Royal Navy reports 85 Iranian 'interactions' in Hormuz |...
SSL Endeavour sets up new hub in Cyprus SSL Endeavour says it is targeting 'significant expansion' in marine as well as non-marine business with its new wholly-owned subsidiary
ILWU International backs Australian dockworkers against DP World's plans for automation Mr Adams said that DP World's threat to automate its Australian operations 'has been condemned internationally' and that clauses ensuring...
Port of Savannah racks up rise in container throughput for fiscal year 2019 While there may be potential signs of a fall-off during the second half of 2019, figures for Savannah's first-half imports...
DP World criticises Djibouti's appeal to nullify court-ordered payment Djibouti was ordered to compensate DP World following last year's nationalisation of the Doraleh Container Terminal
Tsakos Energy Navigation redeems preferred shares Tsakos Energy Navigation this week completed full redemption of $50m of series B preferred shares. Tsakos Energy Navigation tanker heads for Total charter The Athens-based, New York-traded company announced the milestone Thursday. According to Securities and Exchange Commission filings, there were 2 million shares outstanding. The company said the move highlights its "ability to access alternat
Chinese warship collides with Taiwanese bulker A Chinese warship collided with a Taiwanese bulk carrier Wednesday night, according to Taiwan's authorities. Taiwan's Coast Guard Administration said the unidentified warship, under command of People's Liberation Army, and Kaohsiung-registered bulk carrier Yutai No. 1 hit each other in the Taiwan Strait, Taiwan News has reported. The accident, which damaged the cargo ship, occurred 19.5 miles so
HFW offer tempts Singapore shipping veteran Chris Jones out of retirement Baltic Exchange's former Asia head joins law firm
Hornbeck heads to negotiating table as liquidity crunch looms The company has the cash to cover its 2019 debt. But 2020 and 2021 could pose a problem
Nissen Kaiun orders E1-backed VLGC newbuilding at Kawasaki Heavy Industries Deal marks the second VLGC booked by Japanese shipowner this year
Idled Hezhong bulkers hit snag in controversial China sand trade A serial buyer of Greek panamaxes may have found its bargains costly after the Chinese sand trade hits hurdle
China's Kunlun faces allegations of breaking Iran sanctions The battle is not over for Chinese oil and gas transporter despite the release of arrested VLGCs in Nord/LB dispute
Ardmore Shipping sees 'significant' room for tanker newbuilding price rise Product tanker newbuilding prices have huge room to climb amid expectations for a rising rate environment, Ardmore Shipping says. Ship sale hits Ardmore Shipping in second quarter Tony Gurnee shares Ardmore's growth 'compass' with IMO 2020 set to kick into top gear this September New York-listed Ardmore ordered 14 newbuildings in its initial growth phase in addition to its second-hand acquisiti
GasLog posts second-quarter loss amid weak rates New York-listed LNG carrier owner also sees rise in interest for term charters.
Seanergy Maritime results hit by 'series of negative events' Capesize owner Seanergy Maritime booked a net loss during the second quarter, having been hit hard by the market downturn in the first three months. 'Electric' capesize bulker rates climb to highest level since 2010 The Nasdaq-listed company, however, saw cash flow rise by around $33m during the period, according to its quarterly report. Seanergy posted a $6.9m loss for the period, a slight imp
Shell steers clear of running UK-flagged tankers through Strait of Hormuz Major tanker charterer Shell is keeping any UK flagged tankers under its control away from the Strait of Hormuz, its chief executive has confirmed. Shell's actions match peer BP, which revealed this week it was not taking its own ships through the trouble-spot after one of its tankers was targeted by Iran this summer. Unions and owners strike deal for seafarers on UK-flag ships in Strait of Hor
Lindblad Expedition sees higher earnings New York-based expedition cruiseship operator's tour revenues gained 10% during second quarter.
Global Ship Lease acquires three vintage boxships Ian Webber-led owner more than doubles earnings on higher revenue from Poseidon Containers acquisition in November.
Details emerge for YPF's Tango FLNG project export vessel Argentinian energy company YPF will use the oldest LNG carrier in Excelerate Energy's fleet to export cargoes from its recently started-up Tango FLNG project. Argentina's YPF charters Excelerate gas carrier to export LNG Shipping industry sources said YPF has fixed Exmar and Excelerate's 138,034-cbm Excalibur (built 2002), which is on long-term charter to Excelerate. YPF is said to be paying a
High-profile analyst Michael Webber leaving Wells Fargo Shipping's top-ranked researcher appears headed for another position in sector, with Wells likely to replace his coverage.
Oaktree Capital grows Eagle Bulk stake as analysts raise profit forecasts Oaktree Capital has snapped up another batch of Eagle Bulk Shipping shares to continue a flurry of investment activity in the shipowner by its largest shareholder. Oaktree took $45.5m of Eagle's new convertible bond launched last week to fund the purchase of six ultramaxes and has been a regular buyer of the stock for several months. Eagle to scoop Nautical quartet in first sale of scrubber-fit
Giant Euronav tanker in IMO 2020 storage play heading for 'top up' in Spain Tanker behemoth set for ship-to-ship top up before moving east to continue price and supply hedge
China Communist Party shipyard patron faces disciplinary probe Chairman of Yangzijiang Shipbuilding founder Ren Yuanlin's charitable foundation becomes a target of Xi Jinping's anti-corruption commission
Gazprom fixes out strategic Kaliningrad FSRU for trading Russia's Gazprom Marketing & Trading has sublet Gazpromflot's floating storage and regasification unit, which is stationed in the Russian exclave of Kaliningrad. Gazpromflot eyes business for newly arrived Kaliningrad FSRU Industry players said the 170,000-cbm Marshal Vasilevskiy (built 2018) has been chartered by OMV Trading for trading for a period from September to November. They quoted a ra
'No premiums' for Chinese tankers in Middle East While judged to be less risky, Chinese vessels are not enjoying financial benefits in tanker freight and insurance markets
How is Donald Trump's trade war impacting global and Chinese shipments? Clarksons senior analyst says trade war is having a direct impact on trade volumes and patterns
Teekay LNG profit boosted by new vessels and lower costs Teekay LNG Partners has had a profitable second quarter, bolstered by newly delivered vessels and lower expenses. Latest Arc7 newbuilding takes NSR for maiden voyage Net income was $16.4m during the period, a little behind what was seen in the previous three months but ahead of the $2.7m profit posted in the second quarter of 2018. Earnings were boosted by the nine LNG carrier newbuildings de
Teekay Tankers takes heart from IMO 2020 and lowest orderbook this century Teekay Tankers trumpeted strong aframax numbers and pointed to an improving market this year as it rang up a smaller than expected second quarter loss. Teekay brand lives on in Brazil - but under new ownership Narrowing NAV gap could herald pick-up in shipping investment Petrobras floats tender for suezmax shuttle tanker series New York-listed Teekay said rates were facing short-term headwin
Yangzijiang Shipbuilding strikes new venture with Japanese giants China's largest private shipbuilder has joined forces with two Japanese heavyweights with the aim of boosting production and promoting clean energy in China. Yangzijiang unlikely to raise payout, despite financial prowess Mining giant BHP floats dual-fuel newcastlemax newbuild tender Ren Yuanlin's Yangzijiang Shipbuilding, Mitsui E&S Shipbuilding and Mitsui & Co have established what the new pa
VIDEO: Indonesian ro-pax goes up in flames Shipyard fire destroys ferry and injures workers on the island of Karimun
Bunnemann's Atlantic Lloyd sells pair of boxships High-spec vessels sold to Singapore-based feeder operator
Brovig group pumps equity into main holding company Brovig group holding company Gezina has strengthened its book equity by NOK 100m ($11.7m). ISB Invest, a company controlled by Gezina main shareholder Inger Sande Brovig, has injected capital that lifts the book equity to a total of NOK 358m at the end of last year, according to a just-released annual report. Gezina chief executive Geir Bredo Larsen said the issue in part of generation shift.
Overflowing in-tray for Shaw as International Group's new CEO Former Reed Smith partner discusses the issues facing the P&I sector, from Middle East tensions to sanctions to attempts at busting international liability limits
Lorentzens Skibs diversifies fleet with car-carrier purchase Lorentzens Skibs is continuing its policy of focusing on projects rather than market segments by buying its first car carrier. The Oslo-based company has purchased a German-controlled vessel through a limited partnership company set up by Fearnley Finans. Shipowner Nicolai E Lorentzen, a major shareholder in Lorentzens Skibs, confirmed the company bought the 4,870-ceu Gral. San Martin (built 20
Unions and owners strike deal for seafarers on UK-flag ships in Strait of Hormuz Agreement could impact on wages of seafarers working in the Middle East Gulf
Latest Arc7 newbuilding takes NSR for maiden voyage An ice-breaking LNG carrier is taking the Northern Sea Route (NSR) on the first Arc7-type vessel delivery voyage through the Arctic passage to the Yamal LNG project for 2019. MOL LNG carrier sets Arctic transit record The 172,600-cbm newbuilding Vladimir Voronin, which is owned by Teekay LNG and its partner China LNG Shipping, left DSME's shipyard in Geoje last month and is due to arrive at Yama
Dry bulk woes slash Pacific Basin half year profit Hong Kong-listed bulker specialist said start to 2019 was weaker than the last two years.
Hornbeck stays red in the second quarter Hornbeck Offshore remained in the red in the second quarter. For the three months ending 30 June, the Louisiana-based, New York-traded company posted a $31.9m loss, deeper than the $25m posted for the second quarter of 2018 and an $0.84 loss per share, four cents worse than analyst expectations. Revenues were down, too, year-over-year from $58.4m to $56.8m. The second quarter figures did repres
PSA expands Canada footprint with Halterm acquisition Singapore terminal operator says expanding terminal is well suited to new generation of mega-ships.
Trump announces new China tariffs A tariff of 10% will be placed on $300 billion of Chinese imports beginning Sept. 1.
ONE aims for 2019 turnaround After struggling through last year's startup, Ocean Network Express shows a small profit.
Chinese billionaire charged with evading $1.8 billion in US import duties Liu Zhongtian, former president of China Zhongwang Holdings, was indicted this week for orchestrating a scheme to avoid paying U.S. antidumping and countervailing duties on aluminum imports.
'Tip of the spear' against terrorism financing The head of Treasury's Office of Terrorism and Financial Intelligence points to "network sanctions" as meaningful tool to curtail Iran's ability to fund terrorist groups.
IMO 2020 has investors 'on pins and needles' Stifel shipping analyst Ben Nolan said with the IMO 2020 deadline just five months away and a tanker rate spike "yet to materialize," investors "are beginning to become understandably nervous."
Oil prices crater as fresh US tariffs exacerbate demand growth concerns Crude and refined product futures settled sharply lower Thursday as demand growth concerns took center stage following an escalation in the US-China trade war.
External: Global Risk Management
Vopak eyes higher occupancy in Q4 as storage upgrades, VLSFO fuel demand converge Vopak expects occupancy rates to pick up in Q4,2019 as storage contracts for IMO 2020 compliant fuel oil kick in.
TANKERS: Clean tankers owners expect strong Q4, prepare for bunkering shifts Gurnee stated Ardmore was confident there will be sufficient quantities of VLSFO.
Fujairah-delivered bunker premiums rebound on tighter prompt supply Some customers have come back in July as it's tight over in Singapore, a Fujairah bunker trader said.
TRADER NOTE: Nils Vinneby joins ScanOcean for bunker trading Vinneby will be focusing on bunker trading with ScanOcean.
Enterprise record gas transportation volumes contribute to Q2 profit jump "As we build pipelines and fractionators, you can expect export expansions from Enterprise," CEO James Teague 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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