Maine Maritime to add new Center for Professional Mariner Development William J. Brennan, President of Maine Maritime Academy (MMA), Castine, Me., recently announced today that the academy has completed the purchase of a four-acre parcel of land at a former paper mill
Virginia starts construction of first offshore wind farm Virginia Governor Ralph Northam picked up a shovel July 1 to take part in a ceremonial ground breaking marking the start of construction of the Coastal Virginia Offshore Wind (CVOW) demonstration project,
IMO's MSC moves ahead on inclinometer carriage The carriage of electronic inclinometers on all newbuild containers and bulk carriers could become mandatory under the SOLAS convention. IMO's Marine Safety Committee recently approved a German government submission on inclinometer performance
Grimaldi cruise ferries go greener with Corvus "mega batteries" Corvus Energy reports that it has completed the installation of a 5.5 MWh battery energy storage systems (ESS) in each of the two Grimaldi Group RoPax cruise ferries Cruise Barcelona and Cruise
Business booming at BWTS specialist Optimarin Sandnes, Norway, headquartered ballast water treatment specialist Optimarin reports that its results for the first six months of 2019 show a year-on-year doubling of revenues, orders and a substantial increase in earnings.
China raises Malacca Strait security level to MARSEC 3 The Chinese Ministry of Transport has raised the security level for Chinese-flagged vessels transiting the the Strait of Malacca to MARSEC Level 3 - the highest threat level. "All relevant international shipping
ExxonMobil introduces its 0.50 percent sulfur marine fuels range - EMF.5 ExxonMobil has introduced EMF.5, its range of Engineered Marine Fuels developed ahead of the International Maritime Organization's (IMO) global 0.50 percent sulfur cap. It says that all the fuels in the range
UK ports want Brexit customs measures extended across the board 'Most of Britain's ports already successfully handle huge volumes of non-EU trade and have been working hard to prepare for...
Drewry downgrades 2019 container growth forecast Drewry says a series of existential fears are beginning to present themselves that could dent demand for shipping in the...
Greece urged to prioritise seafaring as a profession Remarks come just ahead of Greek national election
EU overestimates shipping's CO2 emissions by 18m tonnes EU revises published CO2 data in MRV report down by 12% after mistake regarding emissions linked to just three ro-pax...
Global Energy Ventures chooses CIMC for compressed natural gas ships The Chinese yard won the contract to build the four 200MMscf CNG carriers in a competitive bid among three yards
Greek owners top first-half secondhand spending Allied Shipbroking data shows Greeks spending $1.6bn on 116 vessels in first six months, although S&P business overall is lagging...
Capesize rallies on tonnage tightness in the Atlantic China is drawing down iron ore inventories at a record pace to levels last seen around 2017, according to analysts
UN allows release of ships after alleged sanctions-busting probe The United Nations has approved the release of two ships impounded by South Korea on suspicion of transferring oil to...
Zim picks up extra loops in wake of HMM alliance reshuffle Israeli carrier extends co-operation agreement with 2M on Asia-US east coast trades
World Boxship Fleet Update: Calm before the storm? Fleet benefits from no new orders in June, but there could be more on the way
Stolt-Nielsen says chemical tanker market has 'bottomed out' The tankers division reported an operating profit of $12.8m, compared with $14.3m in the year-earlier period
China raises attack alert in Malacca Strait to highest level 'The raising of the threat level for Chinese-flagged vessels has been unexpected, particularly as the regional dynamics within and surrounding...
Braemar boosted by 'strong' newbuilding activity 'Our newbuilding activity has been strong in recent months and has added to the forward order book,' Braemar said
Daily Briefing Iranian crude nears EU after start of trading mechanism | Unipec in 'league of its own' to lead tanker charters...
Brazil probe tracks alleged bribes linked to Sembmarine The payments EJA's former consultant made in favour of EJA have also been linked to the former president of the...
Maersk says new trade routes offset impact of US sanctions More than 80% of the volume decline in container traffic from China to the US has been compensated for by...
Annus horribilis: the year P&I went pear-shaped Marine mutuals report steep climb in major claims, with some also highlighting personal injury claims and the impact of inflation...
Cuban state oil company on US sanctions list Maduro is 'clinging to power', says treasury secretary Steve Mnuchin
Dry bulk market heads into 'challenging' second half Dry bulk freight rates are on the rebound but trade dynamics and scrubber retrofits pose risks, shipowners say.
Avenir LNG confident of newbuild charter despite being a reluctant shipowner Avenir LNG looks increasingly likely to charter out the first of its small-scale newbuildings, the chief executive of one of its major shareholders has confirmed. The Oslo over the counter listed company has four 7,500-cbm ships and two 20,000-cbm vessels on order and an 80% share in an import terminal being built in Sardinia. Avenir LNG mulls employment options for first newbuilding Open specu
Petrobras appeals $620m judgement against Vantage Petrobras is appealing its $622m US federal court loss in the four-year legal fight with Vantage Drilling featuring Taiwanese shipowner Nobu Su. Vantage Drilling wins $620m Petrobras arbitration fight The Brazilian state oil company filed notice it was appealing the judgement that the 2017 arbitration process before the International Centre for Dispute Resolution was fair 21 June. The appeal wil
Sinokor moves on aframax tanker newbuildings at Samsung Heavy Talk swirls around extent of haul at Samsung Heavy Industries
Hapag-Lloyd caps liability after January ship fire Hapag-Lloyd has had its liability capped after a fire aboard one of its containerships in early January. District judge Gregory Woods signed an order last Friday limiting claims against the German shipowner to $15.9m after the 3 January fire on the 7,510-teu Yantian Express (built 2002) in the North Atlantic. TT Club: Major boxship fire occurs on average every 60 days The fire started in a seal
Neste re-emerges as shipowner with ice-class tanker order Finnish refiner Neste has splashed out $140m on a pair of specialised aframax tanker newbuildings in what appears to be a return to shipowning. A spokesman for the company confirmed that Neste has contracted two ice-class 1A aframax vessels at Hyundai Heavy Industries in South Korea which he said are of a high specification. Neste sells last tankers He said the vessels are for trading in the Ba
India on way to join Hong Kong Convention, official says Indian ambassador affirms country's commitment to ship recycling treaty
PB Tankers removed from US sanctions list PB Tankers been removed from the US Treasury Department's Office of Foreign Asset Control's list of blocked persons and property after the Italian shipowner agreed to terminate its charter with Cuba's state oil company. According to OFAC, one of PB Tankers six ships, the 51,062-dwt Silver Point (built 2001) had a charter to carry oil between Cuba and Venezuela, in violation of US sanctions. PB T
Kmarin settles for $7.5m less on sale of ex-Hanjin boxship Price for Kmarine Aqua below market benchmark, probably due to outstanding charter commitments
Freight rates on the transpacific soar as lines axe sailings But operators on Asia to Europe trades struggle to counter weak demand by slashing capacity
BW Group takes Dorian LPG selldown to $5.7m with latest share sales Andreas Sohmen-Pao's BW Group has extended its selldown of stock in former takeover target Dorian LPG. LPG owners don't expect new ships despite rising rates BW Group cuts Dorian LPG position Commodore-to-be John Hadjipateras has no regrets after baulking at BW LPG takeover bid The Singaporean Group has now shed shares worth $5.7m in its rival during the past two weeks, filings show. As Trade
Equinor keeps Eidesvik PSV for three years Viking Avant will be upgraded with battery and hybrid power solutions.
Italian ship-demolition project moves ahead in Mediterranean New shiprecycling facility in the Mediterranean expects to start work in September - and has eyes on European approval
UK tries again with no-deal Brexit ferry tender Owners asked to provide extra capacity once more - if the UK crashes out with no agreement.
Strike Club reaffirms cover after Gulf attacks Mutual's board pledges to keep delay insurance in place despite heightened risk.
KOTC quashes rumours of five-year-old VLCC scrap sale Kuwait-based tanker owner says brokers around sale of modern tanker are inaccurate
Owners suffer because shipping can't trust port state control data Thousands of ships have been reported with detentions that never happened. Efforts to correct the errors have not gone far enough
Russia hits the accelerator on its planned Arctic LNG projects But key decisions still need to be made on shipping before the final picture becomes clear
Varde Partners plots long-term stay in shipping industry hit by dislocation in funding Transport boss outlines three-pronged approach to industry facing $50bn pullback in bank financing
AGS lists in Oslo after Songa Bulk takeover Houston seismic vessel operator begins trading in Norway after adopting Blystad company's listing.
Pacific Basin Shipping wipes out swathes of bond debt A put option has been met with enthusiasm from Pacific Basin's bondholders, which has reduced its debt burden.
Zim boosts 2M ties after HMM defection Israeli line looking to step up collaboration after South Korean owner quits alliance.
Stolt-Nielsen set for $420m in tanker finance as it closes on $200m terminal placement Stolt-Nielsen is set to bank a major loan covering a raft of tankers and is in the process of securing capital for its terminal business. Oslo-listed Stolt is also confidence of meeting bond maturities due in the next couple of years, it told investors today. Stolt-Nielsen posts weak second quarter results as tanker upturn proves illusive Brexit prompts CMA CGM UK flag exodus John Fredriksen
Wartsila steps up biogas fuel drive Finnish shipping technology group Wartsila has formed a new company to supply biogas. Wartsila Biogas Solutions (WBS) has been formed by merging Wartsila Puregas Solutions, a specialist in biogas upgrading technology, with Wartsila's biogas liquefaction team. The market for advanced biofuels is growing in line with efforts regarding the reduction of fossil fuels, the company said. "Wartsila Bio
China issues ship attack warning for Malacca Straits Authorities have raised security to the highest level for China-flagged ships in the Malacca Straits.
Seatruck tightens safety after crewman dies in fall Danish owner's 66-year-old bosun took unnecessary risk during painting work on ropax, UK probe finds
Stolt-Nielsen posts weak second quarter results as tanker upturn proves illusive A terminal fire in the US and a chemical tanker market stuck close to the bottom of the cycle have impacted results at Stolt-Nielsen. The Oslo-listed shipowner today reported a second quarter performance below market expectations amid a positive outlook for improvements ahead in the tanker sector. Avance Gas eyes Fredriksen-driven fleet growth and a possible US listing Avenir LNG mulls employme
Strong newbuilding activity drives better first quarter for Braemar ACM Shipbroker Braemar ACM has enjoyed an improved first quarter performance helped by a strong showing in the newbuilding market, its London listed parent told the City this morning. Boxship demolitions on course to double as feeders head to beaches Downing trims Braemar stake on back of share price rally Key shipping players party onboard the Christian Radich Braemar Shipping Services also point
Flensburger denies its ferry customers are ditching orders German shipbuilder says ropax orders remain on track despite recent media claims to the contrary
Sun shines on McIlvaney's 14th annual golf tournament Brokers, cash buyers, retirees and friends enjoy a day on the greens
Scrubbers will be best solution for many years, says Yara Marine boss Health and environmental benefits are major drivers that technology provider claims make systems best investment
YPF hunts for lone LNG carrier for Tango FLNG cargoes Argentinian energy company may need vessel to wait as mini-floater restocks its tanks
Astrup investment firm Pactum suffers sharp decrease in profit Norwegian shipowner Eivind Astrup and his family saw a sharp drop in profits last year at their investment firm, Pactum. Pactum logged a pre-tax profit of NOK 94m ($11m, at today's exchange rate) on revenues totalling NOK 109m in 2018, according to the company's annual report, which has just become publicly available. Astrup celebrates strong year with solid profits Greek owner pays $11.6m for
Brexit prompts CMA CGM UK flag exodus French line has moved 49 vessels from UK register to avoid uncertainty
Digital standardisation 'may be impossible' for shipping But difficulty in unifying digital standards should not mean extra costs, Jacco de Jong says
Jensen and Clarksons team up on $1.2bn order for pioneering gas ships Australian company GEV picks CIMC Raffles for up to eight new CNG carriers
LPG owners don't expect new ships despite rising rates Avance CFO Simonsen: 'There's enough ships already in the orderbook'
Brazil searches Sembcorp Marine yard as part of 'Operation Car Wash' Singapore rig builder said action relates to investigations against a former consultant and yard president.
VIDEO: Boskalis to "dry-dock" Carnival ship for pod repairs Operation by Dutch contractor will see work carried out aboard semi-submersible vessel
Commentary: Huawei saga a lot like ZTE story U.S. companies eager to rekindle their exports with the beleaguered Chinese telecom Huawei should expect the unexpected, 40-year export control consultant says.
2M Alliance, ZIM add Gulf services Maersk and MSC add a second service between Asia and U.S. Gulf ports, and ZIM will take space on both.
Belgian firm absorbs bankrupt third-party freight payer The U.S. Bankruptcy Court for the Middle District of Florida approved the $2.3 million sale of IPS Worldwide's remaining assets to Europe Management SPRL.
Drewry downgrades container growth projections Global container port throughput is forecast to grow 3% in 2019 instead of 3.9% because of tariffs and other headwinds.
Firms exempted from CV duties on Canadian softwood Customs and Border Protection will refund all cash deposits of estimated countervailing duties collected on those shipments.
CBP sets date for mandatory electronic in-bond filings
Italy's Bunker Energy to launch 0.5% S bunker fuel at Augusta Italian bunker supplier Bunker Energy is to launch IMO 2020 compliant 0.5% sulfur marine fuel at Augusta, the company said in a press release Wednesday.
NYMEX RBOB surges as USAC stock draw heightens supply concerns RBOB futures settled sharply higher Wednesday amid supply concerns after US Energy Information Administration data showed a steep drop in US Atlantic Coast inventories last week.
ExxonMobil offers low-sulfur Engineered Marine Fuels ahead of IMO 2020 "Compliance should not come at the expense of fuel quality," Volta said.
Gasoil EFS narrows to year-to-date high on tighter Asian supply Production cuts at regional refineries to around 80%-90% since May, coupled with scheduled turnarounds in India and China have propped up prices.
FUTURES: Crude higher on bullish US stocks data, OPEC+ supply deal Prices may have found a floor of around $60/b for Brent crude but further upsides depend on the resolution of US-China trade tensions, among others, an IG market strategist said.
SHIPPING QUARTERLY: Americas Q3 dirty tanker freight to firm on exports, IMO 2020 IMO 2020 could reduce tonnage availability as owners send ships to dry dock for scrubber installations, floating storage needs and earlier-than-normal refinery maintenance.
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