Algoma Central's eighth Equinox starts delivery voyage St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX: ALC) reports that the recently completed Algoma Conveyer, the third Seawaymax Equinox Class 740-ft self-unloading dry-bulk carrier, has begun its delivery voyage from China
European Commission seeks IMO action on scrubber discharges Discharges of waste water from open loop exhaust gas scrubbers seem ever more likely to face restrictions. The latest move towards tighter controls comes the European Commission in the form of a
R-22 leaks cost fisheries giant $24 million Seattle based fisheries giant Trident Seafoods Corporation has agreed to reduce emissions of ozone-depleting substances from refrigeration equipment on its vessels, under a proposed settlement with the U.S. Environmental Protection Agency and
Schottel launches new shallow water thruster Schottel has added a new, state-of-the-art shallow water thruster, the Schottel Pump Jet type SPJ 30, to its product line Available in the power class up to 150 kW, the azimuth thruster
Trace Laborde now Marine Manager of Laborde Products Covington, LA, headquartered Laborde Products, Inc. reports that, effective January 1, 2019,Trace Laborde was named Marine Manager of Laborde Products, Inc. Trace Laborde previously held the role of Branch Manager of Laborde
New Hampshire Congressional Delegation: Hands off Naval Shipyard funding New Hampshire's Congressional Delegation is worried that the Portsmouth Naval Shipyard (PNSY) could be adversely affected by President Trump's decision to reallocate military construction funds to fund a border wall. U.S. Senator
Bay Engineering promotes two Sturgeon Bay, WI, based naval architecture and marine engineering firm Bay Engineering, Inc. (BEI) reports that, as of December 15, 2018, Fred M. Koller, P.E., has been promoted to the position of
Steamship Mutual's Rotterdam subsidiary 'not done deal' just weeks before Brexit, Rynsard admits Meanwhile, Standard Ireland up and running since January and already writing 40% of Standard's business, according to Robert Drummond, soon...
Ports warned to mind the supply-chain skills gap 'There is a gap of understanding and a gap of skills,' according to Royal Haskoning DHV director Kris Kosmala
Gard and North claim gains as P&I renewal round closes Gard grew in most geographical areas, while North topped the 200m gt mark for the first time ever.
UAE lifts ban on Qatar trade links EXCLUSIVE: UAE Federal Transport Authority e-mail to ports confirms that cargoes are permitted to be shipped directly between UAE and...
Lower dry bulk fleet growth needed to lift rates As it stands, BIMCO expects fleet growth of 3.1% this year, up from 2.9% in 2018
Tilbury2 passes final hurdle Consent comes through just weeks before construction is due to start on the multi-million pound port project
SembMarine developing new LNG bunker vessel designs Yard group has also won $118m worth of orders for ballast water management systems and scrubber retrofits
Shippers eye Liverpool as alternative to congested southern UK hubs Shippers in the northwest of the UK would prefer a local gateway if Asia services called at Liverpool
Capesize and panamax owners bemoan Malaysia's U-turn on bauxite mining Shipments from Malaysia to China will shift the pendulum back to smaller vessels while tonne-mile demand is expected to suffer...
Daily Briefing 'Smarter' ports can help cut emissions | Panama-backed study adds to open-loop scrubbers concern | P&I leaders forecast rate rises...
DP World acquires P&O Ferries for $421m The acquisition is expected to be earnings accretive from the first full year of consolidation and is expected to meet...
Keppel offloads jack-up to Grupo R with $179m sale-and-leaseback deal Grupo R also has the right to purchase the rig during the five-year charter period, although the pre-agreed sale price...
Shanghai and Zhejiang to co-develop new port in Yangshan The new box terminal is designed to handle feeder ships and barges, especially those from the Yangtze River, which runs...
Expanding Foremost orders kamsarmax duo at Chengxi James Chao-controlled outfit inks newbuildings with the Chinese state-owned yard for the first time
AG Shipping snaps up new tanker despite lack of charter Singapore-based outfit moves ahead with its third vessel acquisition, opting for an MR product tanker
Blue Net reaches 270 ships and expands to Singapore German provider of containerships to the charter market adds Songa, Thenamaris and Sea Traders vessels
Euroseas reaffirms no-scrubber stance New York-listed boxship player sees 'big risk' with IMO 2020 devices, says chief executive Aristides Pittas.
Clarksons slashes benchmark dry bulk forecasts Clarksons Platou Securities drops 2020 capesize rates by more than a third as Brazil volumes fall away, China awaits economic boost
Giving a good account of himself - Dwain Hutchinson, Bahamas Maritime Authority Did you go through training/university or straight into work? After high school in the Bahamas, I began my seafaring career at the Glasgow College of Nautical Studies. Who have been your mentors? There's not one person in particular. From a maritime perspective, in my earlier career, I was lucky enough to be a cadet and officer with Denholm Ship Management and was afforded the opportunity to sail
Tenth Arc7 newbuilding takes the long route to Yamal LNG A 10th ice-breaking LNG carrier is scheduled to arrive at Yamal LNG's Sabetta terminal in the Russian Arctic this week, after taking a month-long sea voyage via the Suez Canal rather than the faster Northern Sea Route (NSR). The 172,600-cbm Nikolay Zubov arrived off the northern city of Murmansk last week and was due in Sabetta on 22 February. Yamal tankers transit Arctic NSR without icebreakers
Navios says 'too early' to determine Vale effect Iron-ore producer needs to make some decisions before impact of Feijao dam disaster is known, Navios Maritime Holdings' Angeliki Frangou said.
Impairment charges push First Ship Lease into the red Reassessments of vessels' book values have held back the Singapore-based owner's overall result
Euroseas posts loss amid higher costs Aristides Pittas-led boxship specialist sees slightly higher revenue for fourth quarter.
Landmarks and cookies explain why scrubbers don't cut it for Herbjorn Hansson Nordic American Tankers chief says higher dividend and fleet growth in focus after refinancing
Hansson tips NAT interest costs on new loan Nordic American Tankers founder weighs in on new rate for his company's debt and what he thinks of Texas lender providing $306m facility.
Baltic Exchange 2020 consultation set to close this week A consultation launched by the Baltic Exchange on its plans to adjust its dry time-charter indices to reflect the impact of the IMO's 2020 cap on sulphur emissions is due to close at the end of this week. In the 25-page consultation document, sent out to members at the start of this month, the Baltic invited its members to submit written feedback with explanations on six points by 22 February. F
Navios Holdings sees deeper loss Angeliki Frangou-led bulker owner ends up hundreds of millions of dollars in the red for the fourth quarter
Chinese shipbreakers urged to fight illegal scrapping for survival China National Shiprecycling Association president Xie Dehua says licensed Chinese scrapyards should work with authorities to counter illegal scrapping
Four Palmali tankers join new owners after auction Turkish owner's vessels sold as part of lender's claim in Russian arm's bankruptcy
Analysts positive on Nordic American Tankers refinancing Nordic American Tankers' refinancing plan is earning positive reviews from both analysts and investors. The $306m loan deal with shipping newcomer Beal Bank was hailed by Seaport Global's Magnus Fyhr and Randy Giveans at Jefferies and the Herbjorn Hansson-led company's shares are up since it was announced 12 February. Nordic American Tankers tipped for juicy dividends after refinancing Nordic A
Frontline locks suezmax into Repsol time charter John Fredriksen's tanker company Frontline has locked one of its suezmax tankers into a one year charter with Repsol. Fredriksen's Ship Finance International strikes suezmax deal with Repsol The Spanish oil company has chartered the 156,000-dwt Front Loki (built 2010) at a rate suggested to be $23,500 per day. Oslo-based broker Fearnleys says the 12 month time charter rate for a suezmax is $2
Eagle finds scrubbers a good fit for smaller ships The conventional wisdom is that the technology is best suited to big vessels. Eagle Bulk CEO Gary Vogel explains how it can make even better financial sense for ultramaxes and supramaxes
EMGS wins letter of award for survey in South East Asia Electromagnetic Geoservices (EMGS) has received a letter of award for a proprietary data acquisition survey in South East Asia worth more than $20m. The Oslo-listed company has begun mobilisation of its 2008-built research vessel BOA Thalassa, based on the letter of award. EMGS expects to commence the survey in the first quarter of 2019, subject to the final contract being awarded. Latest AIS
Trade war challenges Marex Spectron's bullish tanker view Trade war tensions are challenging Marex Spectron's bullish position on the crude tanker market but its researchers are confident a rise in demand will help lift rates in the short term. Shadow capacity to keep lid on capesize rates despite IMO 2020, says Marex Spectron Venezuela trades are only for the brave, indifferent or foolish In an update on the market, Marex disputed claims of a reduced
Venezuela trades are only for the brave, indifferent or foolish US sanctions against the Maduro regime have strangled the country's oil exports, but a few companies remain tempted by the rewards regardless of the risk
Franco Compania Naviera cools talk of panamax sale Greek bulker owner Franco Compania Naviera has cooled market talk that it is selling a 13-year-old panamax. US brokers have linked the company's Sasebo-built, 76,000-dwt Calhoun (built 2006), which is due for special survey in January 2021, to Ukrainian buyers for $10.8m. However, managers at the Greek company said that no such sale has been agreed and that the vessel remains in its fleet. Gre
Star Bulk Carriers sells oldest capesize vessel for scrap Deal is latest move in efforts to remove veteran tonnage from the fleet.
Star Bulk adds to share buyback efforts The issuer has $45.3m remaining to spend on stock repurchases
Ian Adams takes fight to European Commission in latest scrubber scuffle The Clean Shipping Alliance 2020 director says Commission call for IMO action based on speed rather than accuracy
Grieg Star recycles first ship under new EU regulations The handymax is the first that the owner has recycled since 2016
Private equity firms disrupt traditional ship-financing landscape Shipowners sense opportunities from change in loan providers, but there are dangers too
Glasenberg's Glencore places cap on coal production London-listed miner also reveals larger charter backlog and sees IMO 2020 impacting oil market
Euronav set for small gain on product tanker exit Euronav will pocked a small profit from the sale of its only remaining product tanker. Euronav clears out final product tanker from vast fleet TradeWinds reported earlier this week the company was selling the 72,000-dwt Genmar Compatriot (built 2004). Today Euronav announced the $6.75m disposal would result in a capital gain of $0.4m. It described the Genmar Compatriot as a non-core asset in i
Christos Economou and TMS Cardiff Gas: 'When we see an opportunity, we go for it' It's a long way from the dry bulk market in which he started, but the TMS Cardiff Gas founder says LNG is where he feels at home
NAT's fresh financing solution draws praise and scepticism Deal for $306m with Beal Bank has some puzzling over the low-profile lender, but a former Lloyds banker has emerged as a key figure for the Texas-based financier
JR Shipping sells another feeder to fast-growing Chinese owner Qingdao Pengteng Dutch shipowner presses on with fleet renewal in containership and MPP sectors
Cobelfret buys post-panamax bulker from Misuga Kaiun Belgian bulker and ro-ro owner CLdN Cobelfret is boosting its fleet of larger bulkers with the purchase of an eight-year-old, Japanese-controlled post-panamax vessel. Brokers in the US and in Europe said Cobelfret bought the Imabari-built, 95,000-dwt Tender Salute (built 2011) for $17m from Misuga Kaiun. The price appears to be good value for the buyer. A year ago, Cobelfret bought the Oldendorf
DP World confirms acquisition of UK's P&O Ferries Latest deal sees Dubai-headquartered port operator expand European freight footprint.
Damaged containers yet to be discharged from Yantian Express Ocean Network Express says operation to offload fire-hit boxes could take up to two months.
Sale and leaseback allows Keppel to deliver jack-up Deal allows Singapore yard group to offload one of several undelivered drilling units
Japan bags rare ore carrier and capesize newbuilding orders JSEA figures down on previous months despite contracts for large bulk carriers
Second forklift driver finds himself in Changi Prison Singapore jails second man who demanded money in return for not delaying container lorry drivers
BIMCO sees 'tough' 2019 for long-haul container trade Analyst predicts a slowdown in U.S. containerized imports and continuing shift to to East Coast ports.
Firms advised on different ways to mitigate 301 duties A KPMG trade analyst during a webinar Tuesday outlined several measures companies subject to Section 301 duties might look into in order to remain competitive.
Fallout rises over proposed Saudi Arabia nuclear deal The House Committee on Oversight and Reform exposes potential ethics violations by the White House in its support to export nuclear power equipment.
DP World intends to buy back P&O Ferries
BeavEx files for bankruptcy, agrees to sell assets
Call issued for repeal of European shipping antitrust regulation
Wan Hai declines option on four container vessels
Hong Kong warns exporters to mind end-use controls
Glencore sees crude trading slump 22% on backwardated oil market Mining and commodity giant Glencore saw its traded crude volumes slump by 22% last year to 2.59 million b/d after the futures oil price structure become less attractive for storing and trading oil.
FUTURES 5: Nigeria, Venezuela headlines steer oil complex higher NYMEX WTI and ICE Brent crude futures settled higher Wednesday as tension in Venezuela heated up and talk that Nigeria would join OPEC in curtailing output, sources said.
Japan's bunker fuel premium to remain supported by tight supply Tight supply at Japanese ports is expected to keep bunker fuel premiums supported the rest of this month.
Bad weather suspends Novorossiisk bunker operations: sources Bunker operations in the Black Sea port of Novorossiisk have been suspended Wednesday.
External: Marine Bunkering(Rotterdam)B.V.
Member states, shipping, ports need to come on board to achieve GHG reduction: IMO The initial steps are likely to include strengthening the Energy Efficiency Design Index and the Shipboard Energy Efficiency Management Plans for ships.
Singapore delivered/ex-wharf 380 CST bunker spread narrows on weak demand "Some sellers are clearing cargoes to make way for March arrivals," a bunker trader said.
Gas4Sea partners, Equinor sign LNG bunkering agreement ahead of IMO 2020 Gas4Sea partners will supply LNG bunkers to Equinor's four crude shuttle tankers in Rotterdam.
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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