Great Lakes Towing christens third Damen-designed tug in series The Great Lakes Towing Company celebrated its 120th Anniversary with the christening of its newest tugboat, the Michigan. The newly constructed tug is the third in a series of five, 64-foot Damen
Fincantieri Marinette Marine adds more brass to its board As the competition to build the Navy's new FFG (X) frigate heats up, Fincantieri Marinette Marine, Marinette, Wisc., is bringing more retired After announcing that its board had named retired Navy three-star
Bourbon requests suspension of listing French based offshore services giant Bourbon says that its Board of Directors yesterday acknowledged that certain creditors of group affiliates had addressed credit payment request and/or contractual allowances to those affiliates. Bourbon
VIDEO: WinGD and ExxonMobil talk IMO 2020 and beyond The latest video in ExxonMobil's Talking Points series brings together specialists from Exxon Mobil and Winterthur Gas & Diesel (WinGD) to discuss the marine industry's readiness for the IMO 2020 global sulfur
Joe Angelo to be awarded IMO International Maritime Prize IMO's prestigious International Maritime Prize for 2018 is to be awarded to Mr. Joseph J. Angelo, a former U.S. Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive
Stena Bulk says yet to receive access to seized tanker and crew Stena Bulk said it is still seeking permission to visit the Stena Impero and verify the safety and well-being of...
When can a state seize a vessel? 'A state has sovereign jurisdiction to exercise its own laws within its territorial sea, so on the face of it...
BHP invests $400m to tackle emissions crisis The Australian miner and charterer commits to low-carbon technologies to reduce its emissions
Royal Navy 'shadows' UK-flagged ship through Hormuz as transits continue The 2007-built BW Elm is the first British vessel above 10,000 dwt seen to transit the passage since Stena Impero, a UK-flagged, Stena...
IMO takes first steps towards full transparency Governments are on board with partially loosening media reporting rules and enlarging the circle of decision-makers
DSV extends Panalpina offer deadline The additional acceptance period, which starts on July 24, runs until August 7
Kuehne + Nagel's ocean freight helps boost profit in 'tough' environment K+N's sea freight unit increased its volume in the first half of the year by 4.5%, far above the overall...
Bulkers reaching close to decade high The midsized bulker segments are doing as well as at any point since 2010, benefiting from tight supply in the...
Seajets founder recognised for Greek disaster response Seajets founder Marios Iliopoulos has been formally recognised by the local community for his response to one of the country's...
Pangaea acquires another supramax The vessel is believed to be the Nantong K, currently in the K Line fleet
Bourbon seeks listing suspension amid talks with creditors Bourbon, the French offshore oil and gas services provider, has asked for a suspension in its Euronext listing while it...
Beijing accuses US of 'wrongdoing' over sanctions on Chinese oil trader An estimated 650,000 bpd shipped from Iran last month, analysts estimate with the 'official' figure seen much lower than that
Vale close to resuming some shuttered iron ore output Vale said its iron ore production and sales both showed a significant improvement at the end of the second quarter...
Japanese duo take minority stake in LNG company AG&P AG&P said in a statement it plans to drawn on the new equity injection to fund LNG initiatives in India...
Two-tier box charter market extends through mid-year With larger tonnage in demand to cover scrubber retrofits, a two-tier charter market has been created with vessels over 6,000 teu...
Daily Briefing Owners seek UK flag switch as Iran threat strands ships in Gulf | UK parliament told tanker seizure was 'an...
LPG owner Oriental Energy considers Singapore IPO Other locations being considered for the planned IPO include Hong Kong, according to an official
China to surpass Japan as leading LNG importer by 2022 WoodMac projects that Japan will remain the world's second-largest LNG consuming country until at least 2040
Heerema wins Taiwan wind farm contract The offshore phase of this project will start in March 2020 with planned completion in early June 2020
Japan to 'consider' role to protect Middle East Gulf shipping Prime minister Shinzo Abe has said that Japan will 'play its role' in reducing tensions between the US and Iran, but...
Financing LNG-fuelled tonnage may be a lot easier than you think Lenders are looking favourable on this increasingly attractive investment
Intercargo concerned over lack of compliant fuel available for testing Intercargo is "extremely worried" that not enough IMO 2020 compliant fuel is available for testing. The association said 0.5%-sulphur fuel is available at only a limited number of ports and "under unfavourable terms" at the moment. It said that presents a safety concern for bulkers because many shipowners will not get the chance to test the new generation of low-sulphur blended fuels, with just
Delphin Holdings may sell three million Star Bulk shares Delphin Holdings may one day take a big step back from Star Bulk Carriers. The investment vehicle controlled by shipowner Sophocles Zoullas and Kelso & Co registered 2.97 million shares of the Petros Pappas-led bulker player for sale, according to an SEC filing. Public Greek owners shed supramax tonnage in busy summer market The units would be offered at a maximum price of $10.62 each for a pos
Preparation for IMO 2020 prompts wide price swings in bunker markets Industry consensus is that spreads will widen from late 2019 as some players shrug off recent volatility
Scrubber frenzy fizzles out as owners consider financial benefits Wartsila and Alfa Laval report lower scrubber sales amid uncertain investment return and limited installation capacity
First VLEC sails on US to China voyage despite trade tensions Despite the trade war, two Evergas-operated gas carriers are shipping US ethane to China
Iran keeps Stena Bulk waiting to check on health of captured tanker crew Stena Bulk - the owner of a tanker dramatically seized by Iran's Revolutionary Guard on Friday - has still to receive permission to visit the captive crew. Iran strikes in Strait of Hormuz as Middle East tanker tensions explode Could anti-piracy measures have saved Stena tanker? The shipowner revealed it was still in limbo as it dismissed suggestions from Tehran the 50,000-dwt Stena Impero (bui
Scorpio's Bugbee and Deutsche Bank's Mehrotra go head to head over share sale strategy Duo clash as Mehrotra says Scorpio Bulkers has missed a significant opportunity to create value
UK government puts on a brave face as Brexit sparks flag flight Maritime ministers insist country is on course despite Brexit and targeting of UK-flag ships in the Middle East Gulf
Bahri hit by lower tanker rates as profit plunges Saudi Arabian VLCC giant also blames higher fuel costs for lower second quarter figure.
Navig8 Chemical brings in Team Tankers man Svend Anthonsen appointed tanker owner's chief technical officer.
Louis Dreyfus wins 'major' windfarm contract French owner to supply and install cables for Saint-Nazaire project.
Chinese refiners hold out for LSFO tax breaks Producers want changes to tax laws before they pump out low-sulphur bunkers.
One year on, Iliopoulos honoured for rescuing Greek blaze survivors Greece remembers Mati disaster victims, which claimed more than a hundred lives
Fred Cheng sells capesize bulker with deals on the rise The capesize S&P market is still proceeding with cautious optimism, brokers say.
UK eyes European task force in Gulf Foreign secretary Jeremy Hunt pledges cooperation to tackle Iranian threat.
Greek owner sues PES over suezmax fees Nereus Shipping companies targets US refiner hit by fire.
Crew relive 'nightmare' of Grace 1 raid Indian officers still do not know when they will be released.
Osaka Gas and JBIC invest $100m in LNG import terminal firm Japan utility looks to derive industry synergies from tie-up with Manila-based company
LPG charterer Oriental Energy eyes Singapore IPO China's largest importer of LPG says it is keen to further tap global capital markets
Mystery seller looks to offload jack-up drilling rig fleet Disposal said to be an opportunity to acquire assets at a discount before utilisation and rates improve
US sanctions Chinese buyer of Iranian crude Rising risks to shipping assets and seafarers in the Strait of Hormuz remain on center stage following Iran's seizure of the U.K.-flagged tanker Stena Impero on Friday.
Commentary: Cato's Jones Act numbers wrong The Cato Institute's methodology is less solid than quicksand, says John McCown, the co-founder and former chairman and CEO of U.S. flag carrier Trailer Bridge Inc.
Bay Area ports could face capacity 'stress' Consultants look at how growing volumes over the next 30 years could affect terminals handling containers, roll-on, roll-off and dry bulk cargo at San Francisco Bay ports.
ADNOC Ruwais RFCC shutdown raises fuel oil supply; fundamentals stay strong The UAE's Abu Dhabi National Oil Co., or ADNOC, has sold four 80,000 mt of straight-run fuel oil cargoes after it shut its 127,000 b/d residue fluid catalytic cracker mid-July, traders said Tuesday.
Ships advised to provide Hormuz transit plans to assist naval security deployment Shipping industry associations have this week issued advisories asking vessels to provide transit plans for the Strait of Hormuz to maritime agencies.
Trump questions US role policing Strait of Hormuz for Asian oil importers US President Donald Trump on Tuesday questioned the US role protecting oil shipments through the Strait of Hormuz.
FUTURES 5: Oil advances as Hormuz risks come into focus following Trump comments Oil futures settled higher Tuesday following comments from US President Donald Trump suggesting a possible reduced role for US forces in securing Persian Gulf vessel traffic.
China proposes ban of wash water discharge in all domestic ECAs The last day for feedback for the latest proposal is August 22, the administration said in a statement.
Persistent criticisms of scrubbers 'plain wrong': Pacific Green Technologies "What society really needs is air it can breathe and air that is not toxic," it said, adding that scrubbers are critical to that outcome.
FUTURES: Crude oil rises amid Middle East tensions "Oil prices remain supported by Middle East geopolitical risk," said Vanguard Markets managing partner Stephen Innes.
Japan will continue to import Middle East oil; to diversify supply sources: minister "Crude oil procurements from the Middle East will continue to be important," Seko said.
UK seeks 'European-led' maritime protection mission in Strait of Hormuz "We will now seek to put together a European-led maritime protection mission to support safe passage of both crew and cargo in this vital region," Hunt said.
Iran oil exports fell below 300,000 b/d in June: State Department's Hook "We are encouraged by reports that indicate Iran's oil exports fell again in June after a sharp dip in May," Hook said.
Asian refiners, shipowners hedge Strait of Hormuz transit risks as tensions escalate "We may look for more shipments from the US, Central Asia and other non-Middle East regions to avoid the risks over the Strait of Hormuz," an official at SK Innovation said.
Brazil to follow US policy on Iran, deny fuel to ships: Bolsonaro Petrobras clarified it did not supply bunker fuel to the two Iranian vessels in question because of sanctions.
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