Viking takes delivery of sixth ship with Thordon water-lubricated system The 930-passenger Viking Jupiter, delivered earlier this month by Fincantieri's Ancona, Italy shipyard, is the sixth cruise ship delivered by the shipbuilder to Viking Cruise. It is also the sixth in the
VIDEO: K Line launches new drone inspection project Kawasaki Kisen Kaisha, Ltd. (K Line) has partnered with non-destructive testing specialist Technos Mihara Corporation to launch a ship hull inspection and maintenance project using aerial and underwater drones and an image
Algoma buys another products tanker Algoma Tankers Limited (ATL), an operating unit of St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX: ALC) has purchased of a 2010-built product tanker that will become the eighth ship in Algoma's
Sembcorp Marine to build 12,000 cu.m LNG bunker vessel for MOL Singapore's Sembcorp Marine has been awarded a contract by for the design and construction of a 12,000 cu.m LNG bunker vessel slated for delivery in early 2021. To be built at its
Court rules charterers have absolute obligation to maintain class under bareboat charter The London High Court judgment has significant implications for those using Barecon 89 or similar standard forms
Global Ports Holding secures Nassau port concession The 25-year deal through a joint venture will grow the cruise port operator's business by 50%
Panama Canal expansion sparks US port competition The expanded Panama Canal is expected to benefit the Gulf Coast ports in the near term more than the East...
Skuld and American Club join list of P&I renewal gainers Oslo and New York-based International Group affiliates have posted an improved performance in the year leading up to this month's...
New scrubber regulations must be convincing The IMO has to get regulation of scrubber discharges right or risk missing an opportunity and setting a precedent
Angelicoussis orders more LNG carriers at DSME Orders come shortly after Greek owner switched an FSRU contract to an LNG carrier at favorite Korean yard
BIFA warns forwarders about risks of switch bills of lading Switching bills of lading, while usually legitimate, can lead to losses and liabilities, warns forwarder trade association
Human remains found during Stellar Daisy search Twenty-two seafarers remain unaccounted for after the vessel split and sank in high seas in the South Atlantic off Uruguay...
Higher volumes boost Hapag-Lloyd earnings German carrier Hapag-Lloyd's earnings before interest, tax, depreciation and amortisation figures came in toward the top end of its revised...
Capital Gas exercises option for fifth LNG carrier Greece-based debutante in the sector has up to 10 slots for LNG vessels, including options, at Hyundai Heavy
Down but not out on Wall Street Wall Street action in 2019 will be driven by M&A deals, non-IPO paths to listings, and securities sales of already...
BW LPG enters gas trading business The company plans to purchase LPG and offer it delivered on the basis of cost, insurance and freight, directly to...
Daily Briefing The scrubber fightback begins | Seaspan and HMM eye Long Beach terminal | IEA talks down 2020 concerns | More...
POSH narrows losses amid improving conditions Market conditions remain challenging but POSH will continue to differentiate itself
Pavilion Energy readies for ship-to-ship bunkering in 2021 Pavilion Energy has confirmed the signing of a long-term charter with MOL's for the supply of a newbuild vessel, which...
Fuel derivatives market shows lower scrubber returns The discount of high-sulphur fuel oil to IMO-compliant fuel in 2020 may not be as wide as many shipowners expect.
Baltic Exchange plans to officially launch three LNG indices in 2019 Chief executive Mark Jackson also expresses worries over regulatory uncertainties post-Brexit.
Alexander Hansson makes Nordic American Tankers buy Herbjorn Hansson's son has purchased $231,000 worth of Nordic American Tankers shares, the company disclosed Monday afternoon. Alexander Hansson bought 100,000 shares at $2.31 in a private placement, the company said. Nordic American Tankers shares are trading at $2.27 after opening at $2.38. Nordic American Tankers strikes fresh $306m loan According to last year's annual report, High Seas AS,
SwissMarine snaps up Diana Shipping newcastlemax brace Rates for the two super-sized bulkers show a marked reduction on Diana's last period deal
Matson continues to feel effects from rival in Guam US owner beats Wall Street consensus.
Captain rescued from Minerva tanker by Portuguese Air Force Video shows the master's dramatic rescue, which took place in rough seas and strong winds
IMO delays new standards for scrubbers for at least a year The IMO's attempt to come up with new performance standards and guidelines for exhaust gas cleaning systems - also known as scrubbers - has been delayed for another year. The IMO had hoped to come up with the new rules at last week's Pollution, Prevention and Response 6 (PPR 6) meeting and conclude its work on the matter this year ahead of the IMO 2020 global limit on the sulphur content of fuel.
Regulators allow shipowners a safety loophole on IMO 2020 Owners do not have to bunker compliant fuel if they have reasonable concerns over its quality, IMO gathering concludes
Diana Containerships is now Performance Shipping Simeon Palios-led boxship player, which will continue to trade as DCIX, moves closer to profit amid small impairment hit during fourth quarter
Rates rise as Norwegian PSVs sell out Owners of platform supply vessels have been enjoying higher rates as units became scarce in the North Sea on Monday. Toisa OSV fleet sale complete as China Sunrise buys sextet Broker lists showed that all 25 operational ships in Norway are fixed, while just one of 42 in the UK remains charter free. Nordic American Offshore's 4,200-dwt NAO Storm (built 2015) was paid £11,000 ($14,400) per day fo
Celsius Shipping emerges as buyer of d'Amico product tanker Celsius Shipping of Denmark has made its first move into the sale and purchase market in 2019. d'Amico International Shipping extends renewal with sale of joint-venture tanker Transocean Maritime adds to MR tanker drive Jeppe Jensen led Celsius has snapped up a tanker from a joint venture between d'Amico International Shipping and Mitsubishi. Earlier today, it was reported Transocean Maritime
West African warning after skiff approaches vessel UK maritime security reporting body UKMTO has issued a warning after a vessel was approached by two skiffs off West Africa. The boats came within a cable of the unnamed ship south of Ghana in the Gulf of Guinea. The incident happened on 24 February. West Africa has been a hotspot for abductions and hijackings in recent months.
Brookes Bell appoints quartet of cargo scientists Shipping consultancy Brookes Bell has brought in four cargo scientists to expand its global services. The PhD-level recruits are joining in the UK and Asia. The scientists provide expert opinion, as well as assisting in determining the cause, nature and extent of spoilage and contamination incidents involving cargoes such as grains and animal feeds, chemicals, fertilisers, liquefaction of minera
Labor plans "strategic shipping fleet" for Australia Australia's opposition Labor party is planning to set up a national "strategic shipping fleet" to cut its dependence on overseas vessels. If elected in May, the idea is to boost the domestic flag to improve security and job prospects following a series of rows over crewing on vessels trading in the country. "It is a national disgrace that an island nation like Australia only has 14 flagged vesse
EPIK teams with Hyundai LNG Shipping on FSRUs Companies will work together on project for Newcastle in Australia and others worldwide
Toisa OSV fleet sale complete as China Sunrise buys sextet Court auctions bring in nearly $220m for creditors as Chinese owner acquires Greek group's last PSVs and AHTS units
Venezuelan navy warns off OSV carrying aid A platform supply vessel carrying aid for Venezuela has been turned back by the country's navy. AFP reported the 1,200-dwt Midnight Stone (built 1982) had berthed in Curacao after being warned off on Saturday in the continuing power struggle between president Nicolas Maduro and opposition leader Juan Guaido. Bernhard Schulte removes crews from disputed PDVSA tankers The Midnight Marine Holdings
ShipServ: We're not for sale, but backers will want to exit one day Transport services insurance group Thomas Miller, whose subsidiaries include the UK P&I Club, was one of the first major investors in ShipServ, and the company remains a major backer. Backers give $4m package to ShipServ Miller sinks its cash in ShipServe It was joined about five years ago by German-French fund Wellington Partners Venture Capital. Market speculation The combination of privat
ShipServ reveals plan for shipping's first automated 'shopping mall' Dot.com e-procurement survivor is revamping its services as shipping catches up with its digital pioneering
Shearwater wins more 4D seismic survey work for Equinor Shearwater GeoServices is to conduct three 4D seismic surveys for Equinor this summer as part of a multi-project contract. The company's Isometrix crews will conduct surveys at the Kvitebjørn & Valemon and Visund fields in Norwegian waters of the North Sea, and at the Snohvit field in the Barents Sea. The surveys will be conducted by Shearwater's seismic survey vessels Amazon Conqueror (built 20
Tanker officer died after trying to avoid ladder damage The chief officer (C/O) of a GEFO tanker died in a fall after trying to save an accommodation ladder from damage, an accident report has revealed. The unnamed French national, 42, drowned in Hull, UK, flag state Luxembourg's Administration of Techical Investigations (AET) found. He was working alone on a platform on the 6,600-dwt Nabucco (built 2006) on 26 June, 2017. Switch to low-sulphur fuel
Shell calls for fresh investment in LNG supply to meet demand Major sees last year's doubling in contract length boosting sanctions case for new projects
Record US crude exports fuel tanker rate rise Record high US crude oil exports have delivered a boost to the tanker market and investors in the sector. Trade war challenges Marex Spectron's bullish tanker view Mackay defends defensive dividend play as Teekay Tankers sets for stronger rates ExxonMobil hires K Line VLCC newbuilding A new benchmark of 3.6 million barrels per day was recorded last week, passing the 3.2 million barrels per da
Higher rates and volumes bolster Hapag-Lloyd German container Hapag-Lloyd saw profit dip in the fourth quarter, but grew earnings on an annual basis as rates and volumes rose. It logged profit before interest and tax (EBIT) of $372m in the final three months of 2018, down from $390m in the same period of 2017. Hapag claims world first with big boxship LNG conversion Revenue grew to $3.53bn from $3.11bn, however, while it carried 2.97m teu
Global Ports Holding wins 'landmark' deal in the Bahamas Global Ports Holding has continued its strategic drive into the Americas with a key contract win at the Nassau Cruise Port in the Bahamas. Global Ports Holding wins Antigua cruise port concession It's 25-year concession for the Prince George Wharf is seen as a major step in its IPO plan to expand outside of its Mediterranean base. Emre Sayin, chief executive of the London-listed company, told T
Okeanis Eco Tankers seeks upgrade to Oslo Axess Okeanis Eco Tankers is set to upgrade its listing as it gets ready for the arrival of its VLCC newbuildings. Ocean Yield and Okeanis Eco Tankers strike suezmax sale and leaseback deal Okeanis meets $45m fundraising target The Alafouzos family backed company, which listed on the Merkur Market last summer, is set to move to the Oslo Axess. Okeanis was always planning a transfer to a more senior
American Club reports growth as renewal season closes Eagle Ocean Marine sees jump in premiums.
Research ship escapes Indonesian inferno A research ship has escaped undamaged from a huge blaze that broke out in Jakarta, Indonesia. The state-owned 450-dwt Baruna Jaya I (built 1989) was at Muara Baru Port on Saturday when a wooden fishing boat caught fire, Investor Daily said. Port authorities said flames spread to other ships, destroying 34 of them, but the research vessel narrowly avoided the blaze. There were no cas
Angelicoussis adds two more LNG carriers at DSME Greek owner John Angelicoussis has added another two LNG carriers to his huge orderbook at Korea's DSME. The shipbuilder said on Monday the 174,000-cbm vessels will be delivered by the end of 2021. They are worth $380m combined in a contract with the owner's Maran Gas Maritime. Angelicoussis back at DSME for more LNG tonnage Angelicoussis heads to Daehan for suezmax newbuilding This is Maran'
BW LPG moves into gas trading to boost ship use Singapore owner sets up product services division to buy LPG to support shipping business.
BGL brings in Kursk salvage team to cut into war wrecks Britannia's Gold (BGL) is to return to an Irish war wreck in spring with a salvage team that worked to recover the sunken Kursk submarine in Russia in 2000. The salvage company is once again looking to charter an OSV to recover cargoes of gold, silver and other precious metals that went down in the first and second world wars. Last year, the team cut through 90% of an extremely high-tensile stee
MOL seals Pavilion Energy LNG bunker vessel contract Deal will see ship built at Sembcorp Marine and managed by Singapore's Sinanju Tankers.
Algoma snaps up second tanker in three months Canadian shipowner says long-term contract already in place with strong counterparty.
Stellar Daisy search team make grisly discovery Uncertain at this stage if suspected human remains will be recovered from wreck site.
Fewer impairments stem the red ink at POSH Singapore offshore vessel operator plans increased focus on subsea and offshore renewables in 2019.
EU still plans for no tariffs after 232 autos report sent EU Ambassador to the U.S. David O'Sullivan told reporters that any imposition of Section 232 tariffs on automotive imports from the EU would end bilateral talks toward a free trade agreement.
Hapag-Lloyd reports higher revenues, earnings in 2018 Rising volumes and "reasonable" orders for new ships expected to result in improving balance of supply and demand in the container shipping industry.
Three crew lost in Atlas Air crash A Boeing 767 cargo plane en route from Miami to Houston Saturday afternoon crashed into Trinity Bay, near the Texas city of Anahuac.
Matson's diversity helps lifts revenues China service, terminals and logistics outweigh ongoing competitive situation in Guam and lower southbound volume in Alaska.
Lineage Logistics acquiring Preferred Freezer Services The deal appears to make Lineage the world's largest operator of temperature controlled warehouses.
Trump to delay increase in China tariffs
Forwarders depend on fully operating FAA, TSA
project44 integrates with U.S. Bank Freight Payment
Port of Hueneme breaks ground on deepening project
Delivery firm Roadie raises $37 million
Commerce Dept. seeks applications for Africa advisory council
Data helps Nordstrom solve supply chain problems
Driving in-bond
Petition asks NMFS to ban imports of fish associated with Maui dolphin deaths
US middle distillate deliveries to Europe at 410,000 mt so far for March: cFlow Some 410,000 mt of middle distillates from the US are already scheduled to arrive into Europe next month, including 230,000 mt bound for Northwest Europe and 180,000 en-route to the Mediterranean, data from Platts trade flow software cFlow showed Monday.
Tariff deadline extension seen positive for US-China oil, LNG flows: market An extension of the deadline for US tariffs on Chinese imports is likely to boost trade flows of crude oil and LNG, especially if it leads to an easing of trade tensions in the longer term, traders and other market participants said Monday.
Trump tweet keeps oil complex in the red A tweet by US president Donald Trump sent the oil complex lower during morning US trading Monday.
Fujairah port terminal up for sale as IL&FS seeks expressions of interest India's IL&FS Prime Terminals FZC has invited bidders to submit expressions of interest for up to 81.84% of its UAE bulk petroleum storage terminal at the Fujairah Oil Industry Zone.
0.5% marine fuel to set base for gasoline from 2020: analysts Gasoline will have to start competing with bunkers for feedstock once the international sulfur cap takes effect in January 2020, according to analysts.
Port of Fujairah to have 0.5% sulfur bunker available from this month Fujairah Refining has started producing the fuel and it will be available from February onwards.
Novorossiisk bunker operations back to normal after strong winds: suppliers
Entry to Gibraltar for bunkering suspended due to bad weather: port authority
FUTURES: Oil stable as markets await US-China trade developments "Sentiment has been bolstered by positive signals from the US-China trade talks," ANZ analysts said in a note Monday.
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