Royal Caribbean orders sixth Oasis-class cruise ship Royal Caribbean Cruises Ltd. (NYSE: RCL) reports that it has entered into an agreement with French shipbuilder Chantiers de l'Atlantique to order a sixth Oasis-class ship for delivery in the fall of
VIDEO: Moran Iron Works lays keel of kayak launching tour boat Moran Iron Works, Onaway, MI, has successfully installed the keel on the hull of the new vessel that it is building for Pictured Rocks Kayaking, less than 90 days into construction of
VT Halter Marine awarded Phase I contract for next gen NOAA ship Shipbuilder VT Halter Marine, Inc. reports that it has been selected for Phase 1 Preliminary/Contract design for the National Oceanic and Atmospheric Administration (NOAA) AGOR Variant (NAV). Naval Sea Systems Command (NAVSEA)
Safe Bulkers posts higher earnings US-listed bulker owner sees uncertainties as well as opportunities in current dry bulk scene
P&I leaders forecast rate rises after quiet renewal season 'We are looking at renewing a similar amount of tonnage to what we had 12 months ago. A small amount...
Panama-backed study adds to open-loop scrubbers concern MIT researchers raise concern over scrubbers' efficiency at removing particulates in review of previous studies
'Smarter' ports can help cut emissions Better communication through new technologies can help ports meet GHG targets, says IMO
Golden Ocean sees short-term negative dry bulk sentiment The missing volumes from Brazil are likely to be replaced by Canada, Australia and other smaller producers, according to Golden...
Guardian Navigation switches to Skuld The 2019 P&I renewal round has been described as 'the most boring renewal season ever' by one P&I club chief...
Daily Briefing Japan rejects ban on open-loop scrubbers | Lloyd's List Podcast: The most influential person in shipping | Cargill targets male-only panels...
Containerships lowers profit guidance Containerships expects to see significant new business and better profitability in the second half of 2019 when its LNG-powered vessels...
Equinor signs LNG bunkering deal for shuttle tankers LNG bunkering vessel ENGIE Zeebrugge, with a capacity of 5,000 cu m, is currently providing ship-to-ship LNG bunkering services in...
Three-train PNG LNG expansion is expected to get green light Two agreements with a Total-led joint venture and an ExxonMobil-led joint venture are to be finalised in stages from as...
Wan Hai drops optional quartet at Wenchong Shipyard Taiwanese carrier does not elaborate on the reasons for not exercising the option
The future of maritime training Automation and virtual reality are changing the skills needed on board the ships of tomorrow, and we will all need...
Indian state refiner signs first annual deal to buy US crude US-India longhaul trade would add to tanker demand significantly
KNOC joins Equinor for offshore wind projects in South Korea KNOC is launching a new offshore wind business as South Korea sets out to boost the share of energy derived...
GoodBulk sees capesize market as 'finely balanced' Normally bullish bulker owner posts seventh consecutive quarterly profit but says market increasingly hinges on various key factors
Taga's transition from 'salary man' to shipowner Santoku Shipping Group's founder and owner is 77-year-old Masashi Taga. He began his shipping career as a "salary man" for a local owning and operating company. In 1972, Taga decided to carve out his own outfit and set up Santoku by acquiring a secondhand 6,500-dwt general cargoship to transport spare parts for Japanese carmaker Mazda. Today, the largest ship type that Santoku owns is capesiz
Santoku's conservative approach pays off in downturn Leading Japanese tonnage supplier remains against speculative ordering, after moving away from domestic owners to take advantage of longer charter hires
ExxonMobil hires K Line VLCC newbuilding Energy major ExxonMobil has fixed a VLCC newbuilding for seven years from K Line, according to European shipbrokers. They peg the rate at $31,500 per day, with delivery later this year. The oil major has a policy of not commenting on such market reports. Earlier this month, TradeWinds reported that ExxonMobil had taken the 300,000-dwt Universal Leader (built 2019) from Korea Line on similar te
Hyundai Glovis set to make tidy profit on bulk carrier An asset play on a post-panamax bulker bought for a bargain price three years ago has netted South Korean shipowner Hyundai Glovis a profit of about $5m. Company officials confirmed to TradeWinds this week that it was selling the 97,000-dwt Glovis Donghae (built 2004). Shipbrokers suggested that Qatari interests, who some identify as Aswan Trading & Contracting, would lift subjects on the vessel
Danaos falls deep into the red on impairment New York-listed boxship player still beat Wall Street's guess on an adjusted basis.
Seafarers of the future: Schulte takes a bet on Africa The German group is investing in the continent to provide a new source of mariners
Drybulk scrapping could be 'surprising' in 2019 Market conditions could cause demolitions to quadruple from last year, Safe Bulkers chief executive Polys Hajioannou says.
EuroDry foresees higher coal demand The commodity 'may surprise either way', the New York-listed Euroseas spinoff said.
d'Amico International Shipping extends renewal with sale of joint-venture tanker A joint-venture between d'Amico International Shipping and Mitsubishi Group has cashed in one of its tankers. d'Amico International Shipping breaks new ground in Japan with LR1 deal Paolo d'Amico on shipping: 'You have to fight for things you love' Milan-listed DIS says the 46,800-dwt High Strength (built 2009) has been sold for $16.4m. The deal will net $12.3m in cash to DM Shipping, the comp
Fleet growth helps Reach Subsea cut loss in 2018 The offshort support vessel operator posted a loss for 2018, but it was an improvement on 12 months previously
Slippage, scrubbers and scrapping will stem supply in 2019, says Golden Ocean Downward revisions of fleet growth forecasts should help support the market, the bulker owner said
Nordic American Tankers posts fourth-quarter loss Tanker owner moves closer to the black compared to a year earlier.
Six injured after windfarm ship and Baltramp vessel collide off Germany Six people have been injured following a collision between a crew transfer vessel and a Polish cargo ship off Germany. Two breakers killed in tanker fire at Bangladeshi yard Casualties were airlifted from the high-speed crewvessel World Bora this morning after it came into contact with Baltramp Shipping's 2,300-dwt Raba (built 1984). A spokesperson for windfarm operator Iberdrola told TradeWind
Aircraft sniff out the truth about ship emissions A Danish firm has created miniature sensor technology that can be used on drones and helicopters to test the content of ship exhaust gases
Navios again tweaks controversial tender offer Return remains unchanged from 4 February deal
EuroDry profit falls amid higher costs Euroseas dry bulk spin-off still beats Wall Street consensus for the fourth quarter
Brillante Virtuoso insurance claim hits High Court Suez Fortune Investments is claiming $77m from insurers for loss of tanker in pirate attack
Sinopec to build VLCC dock in Lianyungang The world's top dirty tanker charterer will open up a new trade lane to serve Lianyungang's new refining facility and transshipment needs on the Yangtze River.
Safe Bulkers stays in the black for fourth quarter Safe Bulkers remained in the black during the fourth quarter of last year despite a disappointing period for the freight market. Safe Bulkers to install scrubbers on half of fleet Adjusted net income rose to $9.8m, up from $5.5m in the corresponding quarter of 2017, the company said. Profit climbed thanks to a 24% year-on-year rise in revenue, which reached $52.6m as Safe Bulkers employed mor
Allied: Capesize bulker market 'in the eye of the storm' George Lazaridis says latest slump is different from 2016 crash, but warns 2019 will not be easy for shipowners.
More fuel cell projects on shipowners' drawing boards Optimism surrounding fuel cells is growing. Viking Ocean Cruises intends to build what it claims will be the world's first hydrogen-powered cruiseship, with fuel cells converting liquid hydrogen to electricity for propulsion and electric power onboard. Similarly, Icelandic container line Samskip announced last month that it planned to build a pair of emission-free vessels using state-of-the-art h
Mass production will slash system costs but regulation poses a challenge in future Lars Langfeldt, senior project engineer at DNV GL-Maritime, says e4ships' target is to have maritime fuel cell applications covering auxiliary power supply market-ready in the next couple of years. On Viking Line's 2,500-passenger ropax Mariella (built 1985) - a ship constructed in Finland at the Turku yard, now owned by Meyer Group - the methanol fuel cell system is "running well" but needs furt
Fuel cells starting to play part in cutting ship emissions Germany spearheading research into an alternative source of onboard power with potential for owners and manufacturers
Germany tops global ranking of secondhand vessel sellers Shipowners leading the disposals list are those that were hit hardest by the 2008 downturn
Oil said to be leaking from stranded bulker close to world heritage site A bulk carrier grounded in the Solomon Islands for the past two weeks is said to be leaking oil. Water has breached the hull of 74,000-dwt Solomon Trader (built 1994), a National Disaster Management Office spokesman told The Guardian. The spokesman declined to confirm an oil spill, but an anonymous government source told the newspaper that oil was starting to spread as a slick from the bulker.
Return of risk appetite fuels spike in shipping stocks Risk appetite returned to shipping stocks last week after a second shutdown of the US government was avoided, according to Morgan Stanley. Frontline and Hunter head crude pack as peer group trumps S&P 500 Analyst Fotis Giannakoulis said shipping equities in the US were up by 7.6% last week, well ahead of the 2.5% climb in the S&P 500. Tankers led the way with a near 15% rise, while LPG stocks w
Transocean Maritime adds to MR tanker drive Transocean Maritime Agencies looks to have extended an aggressive push into the tanker market with what is believed to be its fifth MR tanker acquisition in less than a year. Transocean Maritime Agencies moves into tanker market Transocean's latest purchase is said to be the 46,000-dwt Queen Express (built 2009). Sales speculation has surrounded the Shin Kurushima-built tanker for several day
Golden Ocean extends term loan to finance scrubbers Golden Ocean has rejigged the terms of one of its loans to finance a major investment in scrubbers. The John Fredriksen-controlled owner has extended the tenor of its existing $420m term loan facility to partially finance installing the systems on up to 11 vessels. The loan, which is for 14 vessels, has been extended by three years from June 2020 to June 2023 at a rate of Libor +250 bps, the com
Golden Ocean chief executive confident dry bulk market will adjust to latest slump John Fredriksen-backed owner has turned 2017 loss into profit, despite weak markets in the fourth quarter
Beal Bank drawn to shipping, 'durable' assets and big loans Texas-based bank looks for opportunities in shipping and likes to keep exposure to itself, including new loan for Herbjorn Hansson-led Nordic American Tankers
Baltic Exchange fills executive vacancies in Singapore The Baltic Exchange has moved swiftly to replace two top executives who quit their positions in Singapore. Taking over Chris Jones' role as head of Asia Pacific is Lu Su Ling, who joined the Baltic from its Singapore Exchange (SGX) parent in January. Jones left the Baltic last Friday after resigning in order to pursue other personal interests. Lu, who has an accounting background and holds a ba
BHP shares 2020 freight sums as 'modest oversupply' remains in bulker market BHP Billiton has revealed how much it anticipates IMO 2020 legislation will jack up the cost of freight on key bulk carrier trade routes. It has also predicted the fallout from the incoming emissions rules will soon be felt in the diesel market and shared some thoughts on the state of the bulker rate recovery path. Dr Huw McKay, vice president of market analysis and economics at BHP, said the co
Gas4Sea inks deal on Equinor dual-fuelled aframax quartet LNG-fuelling partners Engie, Mitsubishi Corp and NYK Line - operating as Gas4Sea - have signed an agreement with Norwegian energy giant Equinor to supply LNG as bunkers in the port of Rotterdam to four dual-fuel crude oil shuttle tankers. Gas4Sea talks LNG bunker strides after netting Statoil Gas4Sea inked the long-awaited deal under the name Marine LNG Zeebrugge. The agreement was originally a
DSME workers back strike action against HHI deal DSME workers are heading to the picket line, South Korean news agency Yonhap reports. DSME staff voted in favour of the walkout in protest about a pending takeover by Hyundai Heavy Industries. HHI unions will vote on potential strike action against the mega-merger on Wednesday.
Royal Arctic Line inks newbuilding pair at Nodosa Shipyard Royal Arctic Line has returned to Havyard Design & Solutions to sketch out two more vessels, which will be built at Nodosa Shipyard. Havyard seeks to loosen bond covenant The latest pair are smaller than an initial brace that Royal Arctic Line commissioned from Havyard last summer. Royal Arctic will use the ships to deliver food supplies and other essential items to villages that are inaccessib
Cargo insight: Kpler is on the right track Kpler is not a shipping company in any sense. But by spotting that cargo insight was the gap in commodities trading, it may be showing others a way to take advantage of digitalisation
D-Day looms for Greece's zombie ships Meet the man who is determined to clean up Europe's most notorious ship graveyard
Germany's legal eagles switch focus as KG disputes decline Insurance, trade and IT issues have been coming to the fore as core shipping business has dropped away
Scrap-bound barge carrier seized in $4m row over Turkish oil spill Turkey has arrested ship as security against fines and clean-up costs
Lodestar Marine bullish on fixed premium market P&I provider believes it has turned a corner and is ready to benefit from new backing from Aspen Insurance
Japan tells IMO scrubbers are safe Government officials put the case for exhaust gas cleaning systems
Norway's Equinor targets South Korean offshore wind market Move part of Norwegian oil giant's move to grow renewables portfolio by expanding into Asia
Royal Caribbean signs up another giant cruiseship Richard Fain-led cruise operator returns to Chantiers de l'Atlantique for a sixth Oasis-class order.
Angelicoussis heads to Daehan for suezmax newbuilding Greek owner opts for another South Korea yard rather than Daewoo for latest tanker investment.
Port Hedland to improve vessel access with Jan De Nul deal European dredging contractor extends relation with Australia's largest iron ore export facility.
Port of Hong Kong sinking in the ranks Fierce competition from nearby ports, high terminal handling charges and manufacturing moving out of China are bogging down the port's container business.
Commentary: Headwinds for European feeder operators Regional maritime feeder operators in Europe likely will find it extremely difficult to compete as the industry is dominated by companies with monopolistic traits.
Concerns fielded about proposed Oakland ballpark Maritime groups tell California legislators not to give special treatment to Oakland Athletics.
U.S. hosting Chinese officials for more trade talks
Oakland's new cranes could be West Coast's tallest
Moss/Kiewit gets $471 million Everglades contract
Upgrades under way at Port of Wilmington
FMC reviews 23 OTI license applications
J.B. Hunt finalizes Cory 1st Choice acquisition
Executive Moves: From East Coast to West Coast
BNSF lays out 2019 capital investment plan
MOL tests underwater drone for hull inspection
CN adding track to Vancouver's Burrard Inlet corridor
Noble expects 2019 to be year of transition to lower oil price environment For large independent upstream producer Noble Energy, 2019 will be a year of transition.
Fuel oil volume from Rotterdam to Singapore remains high amid closed arbitrage Fuel oil volumes from Rotterdam to Singapore have risen above the 2018 average this month despite sour arbitrage economics to the east.
Istanbul-Piraeus bunker prices at parity on tight availability The usual premium of bunker prices at Istanbul over those at Piraeus, Greece, was negated on Monday.
FUTURES 5: NYMEX WTI settles higher despite expected crude build NYMEX March WTI settled 50 cents higher at $56.09/b Tuesday despite analyst expectations of a further build this week in US commercial crude stocks.
External: Praxis Energy Agents DMCC
External: Marine Bunkering(Rotterdam)B.V.
INTERVIEW: About 8% of bunkers consumed in 2020 likely to be scrubbed - MECL MD Meech estimates the spread between 0.5% and 3.5% sulfur fuel oil prices to be around $279/mt in 2020.
External: Global Risk Management
FUTURES: Crude mixed on conflicting indicators "Global indices seek direction as market risk sentiment continues to revolve around trade," Phillip Futures said Tuesday.
China oil demand growth to slow to 3.2% in 2019: Platts Analytics Trade tensions with US, a weaker global economy and reduced consumer confidence led to the slowdown in energy demand in 2018, Lee said.
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