Incat launches 111 m ferry for Naviera Armas Australian shipbuilder Incat Tasmania recently launched a new 111-meter catamaran ferry from its shipyard at Hobart's Prince of Wales Bay. Sea trials are scheduled to commence in the first week of July.
VT Halter Marine lays keel for Navy berthing barge In a ceremony held July 14, Flag Day, VT Halter Marine Inc., Pascagoula, Miss., laid the keel to signify the start of construction of the first of two Auxiliary Personnel Lighter -
Dual fuel dredge duo will feature ABB system package Two LNG dual fueled trailing suction hopper dredges being built at the Keppel Singmarine's shipyard in Singapore will have integrated electrical power, automation, control and navigation packages. The 10,000 cu.m hopper capacity
Harvey Gulf books long-term PSV charters in Nigeria Harvey Gulf International Marine reports that it has signed two, one-year charters in Nigeria for the placement of two U.S. flag, 3,250 dwt DPS-2 Platform Supply Vessels, both fully capable of safely
Shipping banks make GHG reduction part of lending decisions A group of leading international banks, including Citi, Societe Generale, and DNB, aim to promote greener shipping by making climate considerations a part of shipping, lending decisions. The banks will use a
VIDEO: Pre-swirl stator for CPP-equipped ships promises big fuel savings Energy saving devices called pre-flow stators have already been shown to provide significant fuel savings in ships with fixed pitch propellers (FPP) by optimizing the flow of water into the propeller (see
Crude export bottlenecks see shift to ports from Permian Additional pipelines bringing more oil to the coast could flood US port refineries that are already thought to be taking...
Singapore to host Lloyd's List APAC Awards and trade volatility forum Morning forum will be held on the same day as the evening's annual APAC Awards, part of Lloyd's List's expanded...
'Dark ship' detection exposes sanction-busting ships Dark ship detection is developing a record of vessels without AIS and hotspots where potential illegal activity is happening
Dry bulk fleet faces struggle to pass on sulphur cap costs BIMCO and Drewry at odds about how demolitions will unfold next year - and the growth of the dry bulk...
Greek owners welcome IMO fuel safety steps The Union of Greek Shipowners warned that 2020 was "just around the corner" and there was "still no guarantee" that safe...
SL Mining ships first iron ore cargo from Freetown The miner also hopes to target markets in Europe and Africa for the high-grade iron ore it dubs Marampa Blue
US releases new images of tanker damaged in Gulf of Oman Pictures appear to show evidence of a mine attack on Kokuka Courageous in the Strait of Hormuz on June 13
Culture is the root of the safety problem A series of safety leadership behaviours, which predict good performance and indicate poor practice, has been put forward by Propel...
DFDS targets growth in five-year plan A third of the projected growth is expected to be generated from a new Mediterranean business unit
No really, we must stop meeting like this Last week's International Chamber of Shipping AGM was held on an island in the North Atlantic Ocean that is costly...
Helle Hammer receives Wista leadership award Hammer chosen as a visible role model for women in the male-dominated shipping industry
Fishing crew abducted by armed gang off Sabah The perpetrators were reported to be heavily armed and have been linked to the jihadist group, Abu Sayyaf
Banks act to secure a future for shipping that's bright - and green The new rule blends ambitions outlined by the IMO with the Equator Principles, a risk management framework, adopted by financial...
Daily Briefing Shipping banks align lending decisions to decarbonisation targets | War risk marine rates 'rise tenfold' | The Lloyd's List Podcast:...
LNG supply may outstrip demand by 2025 Wells Fargo warned of disruption in liquefaction capacity and LNG shipping rates because projects under construction have already either met...
Zhongneng and AEI will team up for LNG business The LNG partnership is subject to a definitive agreement between Zhongneng International Gas and AEI, which recently posted its third...
Financial risks increase at Antong Holdings The amount of borrowing by Antong involved in litigation stood at $140m on June 13, accounting for 27.4% of its...
Can banking's Poseidon adventure rewrite the script for shipping's decarbonisation disaster? By incorporating clean shipping criteria into ship finance covenants, banks have produced a tool to demonstrate that shipping's key stakeholders...
The Lloyd's List Podcast: Why shipping is now leading the way in green finance A special edition of the Lloyd's List Podcast examining the world's first sector-specific, self-governing climate alignment agreement among financial institutions
Shipping banks align lending decisions to decarbonisation targets Banks to disclose climate alignment of shipping portfolios with International Maritime Organization's 50% emissions reduction by 2050 strategy
Evergreen seeks offers on nine giant, scrubber-fitted boxships Taiwanese container carrier ducks the dual-fuel option as it readies $1.7bn order
EuroDry open to growing beyond seven ships New York-listed bulker owner may grow fleet either through vessel buys or M&A, chief executive Aristides Pittas said.
Heidmar's US offices to survive Economou takeover US headquarters in Norwalk, Connecticut and second outpost in Houston will take different business paths under direction of new CEO Pankaj Khanna.
Genco 'primed' for fleet expansion Shipowners are "moving away from asset play," chief executive John Wobensmith says.
Turbulence is the only certainty as the US and Iran talk tough Fears that tensions will escalate are casting a cloud over the region's tanker markets
Pressures on environment and governance impact finance Voices of investors, banks and others growing louder in the ears of shipowners as march of environmental and social issues picks up pace.
EuroDry to redeem some of its preferred shares EuroDry plans to take back millions of dollars worth of preferred shares while lowering its dividend rate for the remaining shares. The Aristides Pittas-led bulker owner has agreed to redeem approximately $4.3m, of its Series B Preferred Shares, which have a total value of $19.7m as of 31 March. Since January, the shares carried an annual dividend of 12%, which is set to increase to 14% in Janua
Court kicks out Cockett Marine's challenge in OW Bunker case The UK high court has dismissed Cockett Marine Oil's bid to challenge a tribunal ruling in a dispute over bunker payments arising from the collapse of Denmark's OW Bunker (OWBG). Justice Nigel Teare ruled that the London panel was entitled to make awards against the company and in favour of ING Bank. Supplier to appeal ruling in OW Bunker vs Cosco lawsuit OW Bunker fallout forces 'old school' s
Crew arrested after Spain swoops on hashish cargo Eight Ukrainians held after raid on cargoship off Cartagena.
Vilma Oil's $50m charter backs KSS newbuilding Spanish trading firm reaches deal with South Korean shipowner on VLGC
Veteran London litigator Marcus Bowman to leave HFW - but will not go far Two-time managing partner to start fresh chapter in his career as an independent mediator
Sole Shipping seals double VLCC leaseback deal with Landbridge Norwegian lessor arranges $91m of finance with Credit Agricole and BNP Paribas.
Norden guests get a truly global taste of summer More than 600 guests joined Norden at its Copenhagen headquarters to ring in the summer. A DJ provided the music as the Danish shipowner treated guests to food from the six continents where the company has offices. "An outdoor event for more than 600 shipping people is a tall order but was conducted brilliantly by CEO Jan Rindbo and his colleagues," Maersk Broker wrote on LinkedIn.
Charterer Bunge joins transparent ship recycling drive US bulker charterer Bunge has become the first agribusiness company to join the Ship Recycling Transparency Initiative (SRTI). The organisation aims to create a new norm for responsible ship recycling, using an online platform to gather information from shipowners on social and environmental measures. Teekay joins transparent ship recycling initiative Maersk joins transparent scrapping initiati
Mercy Ships hopes market magic will boost Cargo Day Fundraisers are hoping a seasonal upswing in the tanker markets will boost this year's donations to the $1m mark
Mercury Maritime makes its first foray into handysize scene A new Greek company called Mercury Maritime has taken delivery of its first bulker. The Athens outfit, registered with Greek authorities by Jason Merkouris late last year, will manage the 36,600-dwt Serenity (ex-Nord Rotterdam, built 2011). The Hyundai Vinashin Shipyard-built vessel reportedly changed hands in March for about $11.5m, but its buyers were been revealed at the time. Greeks renew d
Kim Heng to supply OSVs for offshore windfarms in Taiwan Kim Heng Offshore & Marine has signed a memorandum of understanding (MoU) with Taiwan's Hung Hua Construction (HHC), under which the partners will cooperate on offshore windfarm projects. Kim Heng Offshore eyes move into bunker tanker sector The Singapore-based shipowner will provide offshore support vessels (OSVs), tugboats and barges to the marine construction company through charters, sale or
More US troops head to Gulf after attacks The US is sending more troops to the Middle East as the government released new photos claiming to show evidence of a mine attack on a Japanese tanker in the Strait of Hormuz last Thursday. Acting secretary of defence Patrick Shanahan said in a statement that he had authorised 1,000 additional troops to be sent "to address air, naval, and ground-based threats in the Middle East." "The recent Ira
Grimaldi and Wartsila shave 3.5% off fuel bills Italian owner Grimaldi Group has developed a device to boost fuel efficiency by 3.5%. It teamed up with technology company Wartsila and Dutch research institute Marin. The kit is suitable for ships with controllable pitch propellers (CPPs). All eco options open for Grimaldi It uses a pre-swirl stator, the stationary portion of a motor. Sea trials on a Grimaldi car carrier confirmed the 3.5% f
Ex-Liberia flag boss Bergeron joins Oldendorff Carriers Long-standing head of world's second largest flag joins German dry bulk giant in strategy role.
Tanker brushes bridge in US An investigation has begun after an Oman Shipping-managed tanker hit a bridge in the US. The US Coast Guard said the Sunshine Bridge in Louisiana was closed for two hours on Sunday after it was damaged by the 46,000-dwt Dank Silver (built 2016). WAFB cited the Louisiana Department of Transportation and Development (DOTD) as saying the tanker hit the fender system that protects the structure. No
Owners must take a prudent approach to pollution delays Guilty or not, concerns over spills and scrubbers mean shipowners must prepare for more holdups
Fredriksen's Flex LNG lists on New York Stock Exchange Listing comes 15 years to the day after founder John Fredriksen's Ship Finance International went public on the exchange
Panos Laskaridis explains the sea change in Greek shipowners' mindset ECSA president talks about the cultural changes that have swept through the marine sector
CSSC Shipping trades down after $252m IPO falls short Shares in CSSC (Hong Kong) Shipping have fallen back after the company carried out an HKD 1.97bn ($252m) IPO in Hong Kong on Monday. Last month, the shipowning arm of state-owned shipbuilder China State Shipbuilding Corp (CSSC) said it was aiming to raise HKD 2.2bn by selling stock at between HKD 1.34 and HKD 1.42 each. CSSC Shipping aims for $280m in Hong Kong IPO It listed at the lower price
Integral Shipping and Trading eyes bond issue Geneve-based company launches book building process for Euro-denominated notes.
DFDS targets acquisitions in new five-year plan Danish ro-ro group DFDS is looking to boost profit over the next five years - and will be looking to buy businesses. The aim is to grow revenue and earnings through developing and expanding its shipping network. DFDS plans unsecured offering to refinance maturing bonds It wants EBITBA to reach DKK 5.5bn ($828m) by 2023, compared to DKK 3.6bn for 2018. The owner said a third of this will come f
Conti wins MSC Flaminia waste case at ECJ European court rules in German owner's favour in row with authorities over debris on burned-out boxship.
Intermarine aims to make Portland UK's scrubber hub Dorset-based firm hopes to tap English Channel and Atlantic routes after tie-up with Chinese manufacturer.
Lars Moller sees jail term increased to five years Defence lawyer for ex-OW Bunker executive describes decision as a "big shock".
d'Amico and Mitsubishi make second MR disposal in 2019 Italian owner says S&P deal strengthens its liquidity position and sheds one of its older vessels
May sees slight uptick in incidents of Asian piracy Incidents took place off India, Indonesia, the Philippines and Singapore Strait, says ReCAAP.
Japanese shipyards bank on eco rules to boost orderbook The world's third-largest shipbuilding nation is looking to IMO 2020, as well as LNG and LPG demand, to help it boost competitiveness, says the new JSEA president
Chamber pushes USMCA vote before August recess U.S. Chamber of Commerce officials on Monday said several factors indicate that the effort to secure U.S. approval of the pact recently has gained momentum.
'Multilateral' approach needed for safety in Persian Gulf The 23rd commandant of the Coast Guard said multilateral agreements and regional constructs have brought stability to other areas that have suffered from criminal activity.
Port officials want gantry cranes off tariff list The inclusion of ship-to-shore gantry cranes in the fourth tranche of Chinese tariffs would increase the costs by millions, AAPA President and CEO Nagle said in written testimony.
Commentary: Clock ticking on USMCA ratification Passage of the trade agreement in the United States must happen this year or wait for implementation in 2021.
NYSHEX helps carriers and shippers 'play effectively' With expanded offerings, New York Shipping Exchange users now will be able to request binding contracts for multiple weeks at multiple ports.
US businesses support CBP supplemental funding Funding means "cross-border commerce critical to our economy is not impeded," trade groups, chambers of commerce and companies said in a letter to lawmakers.
US export controls to dam Huawei's revenue Chinese telecom giant's CEO Ren Zhengfei expects his company to lose $30 billion in revenue in 2019, mostly due to Commerce's Entity List and the U.S.-China trade war.
Texas governor signs controversial port bills One places restrictions on large ships; another changes composition of pilot board for Houston ship channel.
Doctor sentenced for falsifying DOT medical exams
Small shipyard grants totaling $19.6 million awarded
"K" Line car carrier on fire off Philippines
New York and New Jersey dedicates new intermodal yard
Taiwan's CPC to suspend LSFO orders at Kaohsiung port June 27-30 Previously, the company halted orders for the grade at Kaohsiung for about a month due to tight availability.
External: Praxis Energy Agents DMCC
DUBAI FUTURES: Brent/Dubai crude spread widens on Middle East conflict reaction Backwardation at the front of the Brent curve also strengthened as markets evaluated statements from Trump and Saudi Crown Prince Mohammed bin Salman
Tanker operator Heidmar cautious on new Middle East contracts amid tensions "Until such time as geopolitical tensions recede, Heidmar will exercise extreme caution when considering new contracts in the region," a company spokesman said.
External: Global Risk Management
Japanese loan to fund FCC complex at Basra refinery The complex is targeting a 2024 completion date and "will be implemented by South Refineries Co.," JICA said in the statement.
Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels "[Its]probably best to make most of [naphtha] feedstocks at home and from regional [East and South Asian] markets," a source said.
Asia's fuel oil market holding firm as arbitrage window stays shut The 180 CST grade received additional support from tight cutter stocks, stronger demand for power utilities in Pakistan and Bangladesh, traders said.
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