Crowley christens second LNG fueled U.S.-flag ConRo Crowley Maritime Corp. today christened its second LNG fueled U.S.-flag ConRo ship MV Taíno at a ceremony in San Juan, Puerto Rico. Clara Crowley, daughter of Chairman and CEO Tom Crowley and
Switch to ultra-low sulfur fuel played role in ferry grounding A report from the U.K. Marine Accident Investigation Branch (MAIB) indicates that the use of ultra low sulfur fuel oil (ULSFO) may have contributed to a December 2017 incident in which the
Mitsubishi Shipbuilding christens Cameron Project LNG carrier In a ceremony held earlier today at its Nagasaki Shipyard & Machinery Works, Mitsubishi Shipbuilding christened the Marvel Crane, the first of two advanced 177,000 cu.m LNG carriers being built for Mitsui
Sale and leaseback deal sees Grupo R take delivery of jack-up Singapore's Keppel FELS shipyard has delivered the first rig equipped with Keppel's proprietary RigCare digital solutions to Mexico's Grupo R. Delivery of the jack-up rig, the Cantarell IV, came after Grupo R
VIDEO: Bilfinger reports rising orders for scrubbers Germany's Bilfinger Engineering & Technologies GmbH has booked scrubber contracts worth a total EUR 102 million (about $1.15 million) since it began transferring its power plant flue-gas desulfurization expertise to maritime applications
Brunvoll to deliver propulsion systems for zero emissions, zero crew Yara Birkeland Molde, Norway, based Brunvoll AS has signed a contract with the Kongsberg Group covering delivery of propulsion systems for Yara Birkeland, the world's first fully electric and autonomous containership. Brunvoll's delivery includes
Lobby group launches counter offensive in scrubber skirmish Scrubber lobbying group the Clean Shipping Alliance 2020 wants to defend the reputation of open-loop scrubbers and protect investors' interests
StealthGas forms joint-venture for fleet growth The joint-venture vehicle aims to acquire small LPG carriers through the secondhand market
UAE insists Qatar trade ban stands UAE Federal Transport Authority seeks to clarify its own email with a statement to state-run news agency
London Club joins 2019 renewal round winners Gooch concurs with reports that the renewal round has been quiet
NYK calls on male staff to do more housework and childcare Study shows Japanese women working more than 49 hours per week typically do nearly 25 hours of housework a week...
Carnival unveils study on open-loop scrubber quality An analysis carried out on behalf of the cruise giant found its wash-water discharges showed a better-than-average performance against four...
The Lloyd's List Podcast: Why the IEA is less concerned about 2020 Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
Seaspan and HMM in exploratory talks about Long Beach terminal as buyers sought The protracted US government shutdown may delay the timetable for selling the most sophisticated container terminal in the US because...
MISC warns of tough year ahead on production cuts and geopolitical risks Over the longer term, growth in tonne-miles driven by higher exports from the Atlantic region to Asia suggests a more...
Daily Briefing Maersk outlook points to volatile year ahead | The Interview: John Wobensmith | Viewpoint: Hunting Stellar Daisy | Contships buys seven...
China's coal import restrictions might force a 3m-tonne drop in shipments Wood Mackenzie estimates China's seaborne metallurgical coal imports will fall by 3m tonnes in 2019 as a result of China's...
ILWU keeps up fight against automation in Port of Los Angeles ILWU holds a rally to drum up support against automation and hints at escalating the issue to the political level
The Interview: John Wobensmith John Wobensmith, who has been chief executive of US-based dry bulk company Genco since early 2017, says the shipping industry...
Singapore terminal prepares to supply LNG bunker ships SLNG has modified an original plan for its terminal to accept much larger LNG carriers
Adnoc to add over 25 vessels in fleet expansion spree The company has entered into a contract to supply 1m tonnes of LPG per year to China's Wanhua Petrochemical for...
China Merchants Energy Shipping eyes $600m private placement Funds will be used to finance part of its existing orderbook and to install scrubbers on 10 of its VLCCs
GTT launches digital excellence hub in Singapore The digital hub will be run by GTT's local subsidiaries Ascenz Solutions and GTT South East Asia and is in...
Seafarers in Marguerita case given whistleblower awards Over objections from the US government, the three seafarers who documented and exposed illegal discharge from an MST Mineralien Schiffahrt Spedition und Transport ship in 2017 will receive whistleblower awards. Jaroslav Hornof, the Czech third engineer aboard the 27,700-dwt Marguerita (built 2016), was given $225,000 this week after documenting and reporting a scheme to bypass pollution preventio
IMO calls for more studies on scrubber discharge Subcommittee recommends 'review of relevant scientific literature' on effluent from the IMO 2020 devices.
Drewry sees dry stock prices 'attractive' after selloff 'Uncertainty' in global markets fed slump in the embattled sector, says analyst James Harley.
Mackay defends defensive dividend play as Teekay Tankers sets for stronger rates New York-listed owner explains why return to profit was not followed by a resumption in shareholder payouts.
Switch to low-sulphur fuel contributed to UK ferry grounding Engine systems were degraded and ultimately failed due to a change to ECA-compliant fuel
Dutch owners, yards team up to study methanol shipping Dutch shipowners and yards are teaming up to develop methanol shipping. Boskalis, Van Oord and Wagenborg Shipping have formed Green Maritime Methanol (GMM) to work with shipbuilders Damen Shipyards, Feadship and Royal IHC to study the feasibility of the green fuel. Engine makers Pon Power and Wartsila are also involved, together with their trade association VIV, and the Dutch navy. Specialised
Stakeholders push for repeal of EU liner antitrust laws Shippers and port industries on a collision course with lines over pending review of European consortia legislation
Has Hansson met his banking match in Texas maverick Beal? Herbjorn Hansson is a quirky Norwegian known for doing things his way. Quarterly earnings calls - very rarely. Open letters to his shareholders - frequently. He built an investor base through relentless courtship of retail investors, appearances on a CNBC television investment show and slavish devotion to a shareholder dividend: he'll pay it even when Nordic American Tankers is not turning a pro
China Merchants plans $610m equity raise to fund scrubbers and new ships Tanker owner will used the proceeds for new VLCCs, valemaxes, ro-ro orders, scrubber installations and debt repayments.
Repsol to fuel Brittany Ferries' LNG ro-pax Spanish major Repsol has signed a deal to supply LNG as fuel for Brittany Ferries' new ro-pax. The contract will see the company provide long-term supply of gas and key shoreside infrastructure to the 42,400-gt Salamanca, which is scheduled to enter service in 2022 from the Avic Weihai yard in China. Brittany agreed in 2018 to charter the newbuilding from Stena RoRo for 10 years. Brittany Ferri
Kanfer Shipping teams with ADNOC on small-scale LNG Norway's Kanfer Shipping has signed a cooperation deal for small-scale LNG projects with ADNOC shipping arm ADNOC Logistics & Services. The two companies will "explore the small-scale LNG market," it said, including looking at transport, onshore and offshore storage, bunkering and other infrastructure. "The parties are currently jointly developing several projects," Kanfer said. It owns a desig
Bernhard Schulte removes crews from disputed PDVSA tankers The Venezuelan oil company appears to have ceased payment of its invoices, leaving many maritime companies in the lurch worldwide.
Scorpio Bulkers adds to leaseback tally to refinance kamsarmax Scorpio Bulkers has penned the latest in a line of sale-and-leaseback deals to refinance one of its vessels. Scorpio Bulkers confident in drybulk shipping demand New York-listed Scorpio says the 84,900-dwt SBI Samba (built 2015) has been sold and chartered back in a move which raises $6.9m in liquidity. In a statement to investors, Scorpio Bulkers said the ship sold for $21.4m and the bareboat
Selling Nemo: Piraeus Bank "offloading $680m portfolio" Greek lender Piraeus Bank is reportedly looking to offload a package of ship loans worth between EUR 500m and EUR 600m ($680m). Hedge funds are expected to move for the portfolio, known as Nemo, Reuters cited financial sources as saying. A source close to the deal said the book is made up of both non-performing and performing loans. A sale is expected to close in the second quarter. Piraeus Ban
NYK salarymen urged to help with housework, childcare Male employees at Japanese owner NYK are being encouraged to be more proactive - in housework and childcare. The company held a "Papa-Mama" seminar on Thursday to boost the participation of men in the domestic arena. "As the number of working mothers has increased, the cooperation of partners is helpful for women to have fulfilling careers," NYK said. NYK gloomier on bulkers as it posts loss K
JP Morgan chops rating on Teekay Tankers with no dividend in sight JP Morgan has downgraded shares in Teekay Tankers following its decision to avoid a dividend despite its first profitable quarter in almost two years. Teekay Tankers sits on dividend and inks additional leaseback deal Tanker stocks hardest hit as trade war fears resurface Analyst Noah Parquette dropped the New York-listed shipowner from neutral to underweight. He said the decision not to retur
NCL profit rises as cruiseship bookings boom US operator Norwegian Cruise Line Holdings (NCL) has pushed up fourth-quarter earnings while enjoying a record start to this year. The company said net profit was $154.6m to 31 December, against $98.8m in 2017. Revenue increased 10.5% to $1.4bn, compared with $1.2bn the year before, as it added another ship to the fleet. Apollo and Genting exit NCL after $962m sale There was also a growth in t
CLdN launches Rotterdam-Dublin RoRo service ahead of Brexit The new service will launch a month before the UK is scheduled to leave the EU on 29 March
Bilfinger scrubber orderbook hits $116m German industrial group Bilfinger has revealed a scrubber orderbook worth EUR 102m ($116m). It said its technology will be used on 70 vessels owned by national and international shipping companies from Germany and Greece. The group has also signed a deal with a shipyard in China. Tom Blades, CEO of Bilfinger: "There is huge potential for environmental technologies, especially in the maritime se
DHT Holdings locks in VLCC for one year at higher rate DHT Holdings looks set for improved income from one of its VLCCs after locking the ship into a new one-year time contract. New York-listed DHT has chartered the 320,000-dwt DHT Lotus (built 2011) to NPI, European shipbrokers say. Scrubber sums hold strong despite bans, says DHT Holdings executive DHT Holdings back to profitability in fourth quarter Wellington takes a step back at DHT Holdings
Shipping lending rises at HCB as provisions cut Newly privatised Hamburg Commercial Bank (HCB) has revealed an increase in shipping lending for 2018 as provisions were cut. The German bank, which changed its name from HSH Nordbank this month, said its maritime division added EUR 0.9bn ($1.02bn) in new loans, up from EUR 0.5bn in 2017. But it said: "The bank intentionally restricted its new commitments in light of the competitive pressure on m
French owner orders tanker pair at Taizhou Kouan An unnamed French owner has contracted two new tankers at China's Taizhou Kouan yard. Brokers said the 9,150-dwt chemical and product carriers are due in November 2020 and February 2021. No price has been given for the order. The yard currently has 25 ships on its books. This includes two tankers for Stenersen of Norway, with the rest mostly bulkers for names like Schulte, Pacific Carriers a
Dalian ports "ban" Australian coal imports Chinese customs authorities in Dalian have reportedly banned Australian coal imports as relations between the countries deteriorate. An unnamed official at Dalian Port Group told Reuters the terminal will also cap overall coal imports this year from any country to 12m tonnes. Dalian handled about 14m tonnes in 2018, half of which was from Australia, according to Orient Futures analyst Gu Meng. T
Tax gain cuts loss for Dof as PSVs improve Norwegian OSV group Dof has posted a lower loss in the fourth quarter as it foresees slightly better markets in 2019. The net deficit was NOK 774m ($89.82m), down from NOK 853m in the same three months of 2017. Revenue was lower at NOK 1.7bn, against NOK 1.99bn the year before. Chevron extends Dof PSV timecharter Dof fixes out PSV pair as market heads 'in the right direction' But its bottom l
The TW+ Quiz Twelve questions to test your knowledge of shipping over the last three months.
UAE: Qatar embargo remains after "misinterpretation" The UAE has said a shipping embargo on Qatar remains after a port circular seemed to suggest an easing of the ban this week. The country said the information was "misinterpreted" and a clarification will be issued to ports, Bloomberg reported. Abu Dhabi Ports had issued a directive that removed any mention of banning cargo shipments to Qatar. But the Federal Transport Authority said the embargo
HMM CEO CK Yoo stepping down Korean executive who oversaw restructuring says company's war on loss will continue without him from next month.
Fewer impairments drive seven-fold jump in MISC profit Malaysian shipowner also boosted by improved operating performance at tanker and LNG arms.
Queensland shipping faces more weather disruptions Australia's major coal exporting region set to suffer second cyclone in as many weeks
SLNG modifies terminal to accommodate smaller LNG ships Move likely to make it easier to deliver gas as bunker fuel to ships in the port of Singapore
Pioneer sees profits double on the back of improved markets Torben Janholt-led owner also offloads oldest bulker as part of fleet renewal strategy
Mexico conceded on biologics, still wants USMCA activated Mexico's ambassador to the U.S. on Thursday discussed the prospects for advancement of USMCA-implementing legislation in her country as various analysts weighed in on the different variables that could impact entry into force.
Flexport bulks up with $1 billion investment SoftBank's Vision Fund led the Series D round, which Flexport will use to improve technology, open offices and warehouses and hire employees with operational expertise.
HMM says Yoo made 'his own decision' to quit But The Wall Street Journal is reporting the CEO had been under pressure for months to step down.
Jacksonville deepening project could be done early JAXPORT leaders at the annual State of the Port address report work may be completed two years ahead of the original schedule.
Matson's diversity helps lifts revenues China service, terminals and logistics outweigh ongoing competitive situation in Guam and lower southbound volume in Alaska.
Mandatory TFTEA drawback switch starts Sunday
Cement import draws $506,250 OFAC penalty
NYK urges male employees to help out at home
Port of Hueneme breaks ground on deepening project
No-deal Brexit could knock Eur10/mt off EU CO2 price: Energy Aspects
Aramco expands China downstream footprint with refinery and petchem deals
'Glory days' long past, Venezuela will struggle to recover lost oil production
Lake Charles LNG export project eyes 2020 final investment decision
External: Praxis Energy Agents DMCC
Rotterdam bunker sales slip by 4.2% in 2018
Bosporus Strait's continued closure causes severe delays: suppliers
Platts Marine Fuel 0.5% sees a surge in buying interest in MOC process
External: Global Risk Management
US' World Fuel Services sees 2018 bunker sales fall; marine segment profit rises WFS is well-positioned to meet supply challenges of fuel availability, quality and compatibility for IMO 2020, Kasbar said.
Demand for 380 CST bunker fuel weak in North Asia, LSMGO remains firm "LSMGO volumes are around 800 mt/day for us while last year it was 500 mt/day," a Hong Kong-based trader said.
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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