New factory opens to ramp up production of Ecochlor BWMS Maynard, Mass., headquartered Ecochlor reports that, due to a significant upsurge in orders for its ballast water management system (BWMS), its manufacturing partner, ProFlow, Inc., has opened a new factory in North
DataPath enters maritime satcom market with advanced antenna solution Duluth, Ga. headquartered communications solutions specialist DataPath, Inc. has entered the maritime satcom market today with the signing of an exclusive reseller agreement with Advanced Stabilized Technologies Group (ASTG) of Stockholm, Sweden.
Scania names Karin Rådström EVP and Head of Sales and Marketing Södertälje, Sweden, headquartered Scania AB has appointed Karin Rådström, currently Senior Vice President Buses & Coaches as Executive Vice President and Head of Sales and Marketing. She takes up her position on
Keppel gets set to start Gimi FLNG conversion Golar LNG Limited (NASDAQ: GLNG) reports that through a new subsidiary, Gimi MS, it has entered into a 20-year lease and operate agreement ("LOA") with BP for the charter of an FLNG
Cyber security solution will help U.S. ports comply with USCG guidance ABS Advanced Solutions has launched a first-of-its-kind cyber security solution to aid regulated maritime facilities in complying with U.S. Coast Guard guidance. The suite of services provides a turnkey solution for port
"FONAR" does not spell free pass for non-compliance with sulfur cap Another horrible new acronym has surfaced at the International Maritime Organization: FONAR. It stands for Fuel Oil Non-Availability Reports. And already, shipowner are being warned not to use a FONAR as a
Wärtsilä and Tokyo LNG Tanker Co ink optimized maintenance agreement Wärtsilä has signed a long-term optimized maintenance contract with Japanese LNG shipowner Tokyo LNG Tanker Co. Ltd, a subsidiary of Tokyo Gas. The agreement is the first of its kind between Wärtsilä
Ulstein develops "future proof" wind turbine installation jack-up While 10 MW offshore wind turbines are only now starting to be marketed, the Ulstein Group has developed a design for a "future proof" heavy lift jack-up installation vessel able to carry
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
Keppel to take 30% stake in Golar FLNG project The LNG carrier Gimi will be converted at Keppel Shipyard in Singapore and is slated to start production under a...
Container lines face collusion suspicions despite lack of evidence The container shipping industry has been subjected to several competition probes since the conference system was outlawed in Europe more...
IMO makes progress on sulphur cap non-compliance Regulators make progress as the world's largest shipowner lobby warns against non-compliance
US Gulf-Asia VLCCs drive global tanker patterns Some 89 tankers called in January 2019, more than double the 40 tankers that called back in the corresponding month three...
Trump's tariffs create uncertainty in US west coast ports The latest throughput figures on the US west coast show that the surge to beat tariffs may have peaked and...
Panalpina's biggest shareholder moves to lift voting restriction Panalpina has accepted EGF's request for an extraordinary shareholders' meeting to discuss the vote change
ICS condemns crude shipments ban in northern British Columbia Tanker shipping boasts 'impressive' green credentials, according to the ICS, with major spills down to fewer than two a year...
Fujairah offers low-sulphur fuel oil The Port of Fujairah is in a position to offer 0.5% sulphur fuel as of this month
US investigation clears Box Club lines of wrongdoing No charges or penalties to be imposed after two-year investigation following Box Club raid in 2017
New law tackles division of authority between US regulators Recent consolidations in the industry do not amount to enough concentration to justify greater antitrust concerns, according to FMC acting...
Landmark year for US LNG Growing demand is being met by ever-larger liquefied natural gas projects on the US Gulf
China's soyabeans commitment offers relief to dry bulk sector An additional 10m tonnes in exports would support the drawdown of the massive US soyabean stocks that have depressed prices...
Hyundai LNG Shipping teams with EPIK for FSRUs Project investment is estimated to range between $400m and $430m
Baltic Exchange to launch LNG index and new tanker routes The new LNG 1 index, which was trialled in July, covers the Gladstone to Tokyo round voyage on a 160,000...
Daily Briefing New scrubber regulations must be convincing | Shipping Act revisions revitalise FMC | The Lloyd's List Podcast: The IEA's head...
Dry bulk operators are steering into the slow lane to combat slump in earnings With high bunker costs and low charter rates, bulkers are likely to keep watching their speed
'Mega-max' containerships deployed to new trades Cascade of the very largest vessels threatens freight rates in secondary east-west trades
Alexander Hansson buys more Nordic American Tankers The day after shelling out for Nordic American Tankers stock, Herbjorn Hansson's son is buying another round. Tuesday afternoon the company disclosed Alexander Hansson spent $113,500 on 50,000 shares at $2.27 a piece. Monday, the shipping scion bought 100,000 shares of the company his father runs at $2.31. Alexander Hansson makes Nordic American Tankers buy In midday trading Tuesday, Nordic Am
FONARs not loophole for IMO 2020, ICS says Chamber warning follows key IMO meeting in London.
Diana Shipping: Dry bulk fears 'overestimated' New York-listed bulker player has enough cash to sustain down market after buying back almost $15m in shares in December.
Brexit and trade war alter VLCC flows to Asia China and South Korea have effectively swapped their US and UK suppliers, resulting in a temporary neutralising effect from Brexit and the US-China trade war for VLCC tonne miles.
Changes afoot in LISCR leadership ranks? Longtime CEO Scott Bergeron has vanished from company's website amid market rumours of departure from prominent flag state.
LNG tonne-mile balance set to rise on demand pull from Asia Research company Rystad Energy sees LNG supply tightness from 2022-2024 but says expected project sanctions could stem this.
OSVs drive Milaha profit up for 2018 Qatar Navigation (Milaha) has increased 2018 profit thanks in part to improvements from its offshore vessels. Net earnings were QAR 516m ($142m) last year, up 10% from 2017. The mixed fleet of LNGCs, tankers, OSVs, boxships, tugs and a bulker brought in revenue of QAR 2.4bn, down from QAR 2.5bn the year before. Milaha builds Nakilat stake to 36.3% with QIA deal Milaha makes first boxship move
Diana Shipping returns to profit in fourth quarter New York-listed bulker player's fourth quarter benefits from higher revenue and no impairment loss but still missed Wall Street consensus.
Nordic Shipholding offloads veteran handysize tanker Nordic Shipholding of Denmark has sold the oldest tanker in its fleet. It has offloaded the 35,800-dwt Nordic Ruth (built 2000) for $6.1m, it announced today. The ship was one of five handysize tankers in its fleet, which also includes a single LR1. Nordic Shipholding reaches deal over covenant breach However, it was comfortably the oldest ship under Nordic's control, with the remainder of its
Wenaas closer to shipping exit as hotels take centre stage Norway's diversified Wenaas group continues to expand its hotel investments, purchasing its 26th property. The Prague acquisition also means the shipping business for the Lars Wenaas-controlled group is becoming increasingly marginal. In 2004, the Manndalen-headquartered company entered shipping with subsidiary Wenaas Shipping and invested heavily until 2010, when it had a fleet of 28 vessels.
Profit jumps at Norwegian dry bulk player Wilson Small bulker shipowner Wilson has beaten the downturn in the market, in contrast to those with larger dry cargo tonnage. The Norwegian company, which is controlled by the Kristian Eidesvik outfit Caiano, has reported a pre-tax profit of €16.2m ($18.5m) for 2018, up from €8.2m in 2017. Gross revenue increased from €264m to €274m. The contract coverage for Wilson was 55.8% in the fourth quarter of
Equinox adds secondhand supramax pair to its fleet Greeks continue piling into the sector but at a much slower pace than last year
Celsius Shipping grows MR tanker fleet with ship number seven Diversified Danish owner Celsius Shipping continues to boost its fleet and this week confirms a purchase of anther MR tanker. Transocean tipped to have taken tanker from d'Amico The deal takes the company's position in the product tanker sub-sector to seven ships. The latest vessel to join the Celsius fleet is the 53,000-dwt High Force (built 2009). The Shin Kurushima built tanker is on short
US drops investigation into liner operators Lines react with relief at the decision of the US Department of Justice to call off its long running antitrust investigation
Watch the real-time raising of Helge Ingstad Salvors have begun to raise the wreck of the frigate that sunk after a collision with a Tsakos Energy Navigation tanker in November. Two crane ships started on Tuesday to lift the Helge Ingstad from the seabed off the west coast, the country's armed forces said, according to Reuters. The work is expected to take five to six days if the weather stays benign. The army has said it is evalu
Fredriksen's Ship Finance still gunning for growth after $1.2bn spree in 'jubilee' year Ole B. Hjertaker says banks pulling back from shipping business have left the door open for further deals.
Holed Turkish cargoship taking on water off Italy A grounded Turkish cargoship is taking on water through three holes in its hull off Italy. The 5,800-dwt Efe Murat (built 1977) got stuck on 23 February off Bari. The damage was found by the coastguard and a Dutch salvor during an inspection, the Repubblica website reported. Two metres of water were discovered in the engine room. Fuel removal operations will begin on Wednesday with the
J Lauritzen set to remain in the red during 2019 Lauritzen Bulkers has posted a stable result for 2018, but has warned it is unlikely to return to profitability in 2019. Torvald Klaveness dry bulk boss joins J Lauritzen Overall, the J Lauritzen cut its loss from $45.4m in 2017 to $24.3m last year. Earnings were impacted by a $25m one-off charge for special items, which it said was mainly related to the use of provisions for onerous contracts
DSME workers walk out over HHI merger plan Unionised workers at Korean shipbuilder DSME have walked out over plans to merge the company with Hyundai Heavy Industries (HHI). They staged a four-hour strike on Tuesday, Aju News reported. This took place after their lunch break and involved 2,000 workers marching in the streets after a rally at the yard in Geoje. HHI union leaders have not yet revealed a timetable for action of their own.
Fisher reveals Borealis tanker buy with more to come UK tanker owner James Fisher has continued its fleet rejuvenation with the acquisition of a Borealis Maritime tanker, with more on the way. The company said it had bought the 6,100-dwt products/chemicals carrier Bomar Pluto (built 2006) and renamed it Corrib Fisher. James Fisher linked to $20m Toisa OSV The vessel was the second of two acquisitions it sealed in 2018 for a combined £10.6m ($14m)
Eurotankers accelerates sales drive with fourth unit on block Greek outfit circulates yet another veteran tanker for sale, with delivery in the UAE
Roxana Shipping to keep tanker pool as in-house entity Greece's Roxana Shipping is now concentrating solely on its owned ships in its tanker pool. The focus on in-house commercial management reverses previous plans to open up the Roxana Tanker Pool to third-party shipowners. Roxana cashes in newbuildings under construction at SPP Project and chartering manager Andrea Vaccari told TradeWinds: "Our pool is an in-house one with no other external membe
DNB Markets: VLGC shipowners set for largest spur from cooling trade tension VLGC shipowners are in line for the largest boost following the thawing of trade tensions between Donald Trump's government and China, DNB Markets says. BW LPG moves into gas trading to boost ship use China tipped to buy large quantity of US soybeans VLGC giant BW LPG is one of three stocks which the Norwegian investment bank believes has the most to gain from the development. Analyst Nicolay
Saudi Aramco outlines plan to become LNG exporter Middle East crude oil giant will invest both at home and internationally to become world number three in gas and one in chemicals.
Lauritzen strikes seven-ship ethylene carrier pool deal with Teekay LNG Partners Canadian energy shipping giant puts its full ethylene carrier fleet into Danish owner's system.
Fincantieri orderbook hits record high of $38bn Italian shipbuilder Fincantieri has revealed a record orderbook of EUR 33.8bn ($38.4bn) as profit rose in 2018. The cruiseship specialist said net earnings were up at EUR 69m from EUR 53m in 2017. Revenue was also at a record level, rising 9% to EUR 5.5bn. Net debt stood at EUR 494m. CEO Giuseppe Bono said: "The results we have presented prove once again that our company is a leader, a landmar
Golar strikes 20-year FLNG lease with BP The deal is expected to net Golar LNG $215m per year
BRS Group eyes tanker and S&P expansion after Amazonas Shipping takeover Shipbroker BRS Group has confirmed its takeover of Colombian bulker broker Amazonas Shipping, with a move into tankers and S&P on the cards. It said the new name of the South American shop is BRS Amazonas SAS. TradeWinds first broke the story last week. Amazonas was founded in Bogota more than 30 years ago by Eduardo Silva to serve local Latin American and Caribbean clients, mainly cargo custom
Satellite imagery reveals Iran building new aframax Embed: Sadra aframax construction Satellite imagery has confirmed Iran's Sadra shipyard is building another aframax tanker, according to the investigative website Bellingcat. It said that footage obtained by Planet Labs shows a vessel under construction at the island site. The report said a keel was laid in April last year but little progress was made until November, the targeted month for the
Eitzen back in Japan as Christiania Shipping inks long-term tanker deal Axel Eitzen has tapped into his old network in Japan to grow the fleet of Christiania Shipping. Eitzen, who engineered a takeover of the former Herning Shipping last year, said today's deal is an important step forward for the company. Christiania has inked a long-term bareboat charter with Kitanihon Shipbuilding for the 12,600-dwt Stellar Wisteria (built 2011). Axel Eitzen leads swoop for Hern
Growth of Marshall Islands' flag inspires counsel at Ince Senior associate unravelled nation's culture to learn law
Latsis Shipping becomes latest to evolve group branding Greek owner adapts naming of shipmanagement outfits to boost their profile
Tanker trades may escape the chaos of a no-deal Brexit Trading under the terms of the World Trade Organization is not expected to alter crude flows and may lead to more Atlantic product tanker demand
ABG Shipyard creditors vote for liquidation Creditors of India's bankrupt ABG Shipyard have voted to liquidate the company. The Business Standard cited a written submission made on Monday to the National Company Law Tribunal (NCLT). Third time lucky for Liberty in ABG bidding? Sources said that the decision was not unanimous, but above the required threshold. Lenders had rejected two bids for the yard from metals group Liberty House. N
Seacoral linked to EMAS Offshore PSV buy Singapore owner Seacoral Maritime has reportedly snapped up a platform supply vessel (PSV) previously chartered by restructuring compatriot EMAS Offshore. Dennis Uy pulls out of EMAS Offshore rescue Brokers said the 3,100-dwt Lewek Ariel (built 2010) changed hands for an undisclosed fee. It has been renamed Pearl Ark 1, according to the Equasis database, which lists the new owner as Pearl Ark o
Seadrill loses $360m as it eyes notes buyback Restructured drillship and rig owner Seadrill has posted a lower fourth quarter loss following its US debt restructuring. The John Fredriksen-backed company said the net deficit to 31 December was $360m, versus $2.66bn a year ago. Revenue was lower at $292m against $431m in 2017. Seadrill teams with Sonangol for drillship venture It has total cash of $2bn and an order backlog of the same amoun
China tipped to buy large quantity of US soybeans US Agriculture Secretary describes it as "good faith move" by Chinese in message on social media.
Indonesian presidential hopeful Subianto bad for bulkers Populist politician argues that country must be "self-sufficient in food" and that imports should be stopped.
Paint job short cuts blamed for landing crew in casualty Australian accident investigators said poor supervision also contributed to incident.
Japan's Cosmo to load Iranian Heavy crude early Mar as refiners step up lifting Japanese refiner Cosmo Oil will load around 900,000 barrels of Iranian Heavy crude oil in early March as local refiners are rushing to lift as much barrels from Iran during the current 180-day US sanctions waivers, sources with direct knowledge of the matter told S&P Global Platts Tuesday.
Rotterdam bunker fuel faces supply restrictions due to cutterstock shortage: source The bunker fuel market in Rotterdam in The Netherlands is facing some availability issues, due to a shortage of blendstock required to produce on-spec material, a source said Tuesday.
Iraq oil minister says crude exports at 3.75 million barrels/day Iraq is exporting 3.75 million barrels of crude a day and is committed to comply with production caps set under the new OPEC agreement, oil minister Thamir Ghadhban told Iraqi news service Furat.
USGC MARINE FUEL 0.5% HAS FIRST EVER PHYSICAL TRADE IN PLATTS MOC PROCESS USGC Marine Fuel 0.5% traded in the Platts Market on Close assessment process Tuesday, marking the first global physical trade for the product since it launched in January.
Product futures pull higher as market moves beyond Trump tweet The oil complex pulled up from overnight lows to settle in positive territory Tuesday, with prompt March NYMEX RBOB closing 4.11 cents higher at $1.5863/gal.
External: Praxis Energy Agents DMCC
Japan's Cosmo Oil to start supplying 0.5% sulfur bunker fuel from Oct The coker's capacity will likely be 31,000 b/d, from the current 29,000 b/d, when the refinery is shut for turnaround over July-September.
Hype around open loop scrubbers likely to risk IMO 2020 compliance: EGCSA Aiming to influence regulations this way risks leading to a fragmented approach to compliance, Gregory said.
FUTURES: Oil slips on expected US crude stock build; Trump's tweets "Oil prices getting too high. OPEC, please relax and take it easy," Trump said on Twitter.
S&P Global Platts confirms reforms to key Brent crude oil benchmark Platts began consulting with the industry on the proposed changes to its Dated Brent benchmark in September 2018 .
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