U.S. Caribbean ECA offenses bring $3 million fines U.S. Attorney Gretchen Shappert for the District of the Virgin Islands reports that Ionian Shipping & Trading Corp., Lily Shipping Ltd., Stamatios Alekidis, Athanasios Pittas and Rey Espulgar have been convicted and
Høglund to supply solutions for refit of bunkering vessel to LNG Oslo, Norway, headquartered Høglund has been awarded a contract by Bergen Tankers to deliver a cargo handling system (CHS) for the LNG bunker vessel Bergen LNG. As part of a long-term charter
Why non-skid deck and topside coatings make sense for ferries Speakers at Marine Log's upcoming FERRIES 2019 event will include Glenn Arent , Senior. National Sales & Distribution Manager for NCP Coatings Inc., Niles, Mich. His career in the paint and coatings
Uptick in interest in completing stalled OSV newbuilds China's Fujian Mawei Shipbuilding Ltd has placed orders with Norwegian liquid handling and pump specialist PG Flow Solutions to supply large liquid-cargo systems and associated equipment for two MPSVs the shipyard is
EPA proposes amendments to Tier 4 regs The U.S. Environmental Protection Agency (EPA) is proposing to amend the national marine diesel engine program to provide relief provisions to address concerns associated with finding and installing certified Tier 4 marine
Sanctions proving 'extremely challenging' for industry despite transparency tools Uncertainty over origin of cargo and ownership of business remains, despite support from third party operators
Yard merger reignites talk of Samsung's shipbuilding exit The proposed merger of Hyundai Heavy Industries and DSME has triggered renewed speculation that Samsung leaders would revisit the options...
Shipping's Arctic sea route concerns? Hold the applause CMA CGM has called on other carriers to follow its lead and pull the plug on any Arctic ambitions, but...
Weak peak season to stretch into new year for box carriers Trade wars, Chinese holidays and IMO 2020 are all conspiring to make life tough for container lines
MOL Nordic Tankers loses chief executive in shake-up The integration of MOL Nordic Tankers into MOL Chemical Tankers has resulted in the departures of chief executive Per Sylvester...
Jailed shipowner Nobu Su lodges appeal Former high-flyer rejects findings that he had the legal capacity - or state of mind - to participate in March...
World's largest VLCC owner warns of crude shipping risks Chinese owner of 51 VLCCs, among a diversified fleet of nearly 200 ships, recorded a 317.6% surge in recurring net...
The Americas lead the way with Lloyd's List Future Fuels Forum Lloyd's List's Future Fuels Forum takes place in Houston, Texas next month. Two panels will discuss what still needs to...
Low-sulphur fuel price spread favours scrubbers Early moves towards scrubber adoption may pay off for owners as price spread widens for low-sulphur alternatives to bunker fuel
WoodMac forecasts continued long-term growth in China gas imports China's national oil companies have responded to the call for more upstream exploration and production activities and have formulated seven-year...
Knot seals 15-year shuttle tanker contract with Total With this latest deal, the Knot Group will have 32 shuttle tankers in operation or on order
China Merchants offers to buy AVIC's shipbuilding assets Development comes amid wider consolidation moves within China's shipbuilding industry
Soderberg to join Global Energy Ventures as head of shipping Mr Soderberg has more than 30 years experience in the shipping industry and worked together with Mr Jensen at AP...
MOL Nordic Tankers loses chief executive in shake-up The integration of MOL Nordic Tankers into MOL Chemical Tankers has resulted in the departures of chief executive Per Sylvester...
Jailed shipowner Nobu Su lodges appeal Former high-flyer rejects findings that he had the legal capacity - or state of mind - to participate in March...
World's largest VLCC owner warns of crude shipping risks Chinese owner of 51 VLCCs, among a diversified fleet of nearly 200 ships, recorded a 317.6% surge in recurring net...
The Americas lead the way with Lloyd's List Future Fuels Forum Lloyd's List's Future Fuels Forum takes place in Houston, Texas next month. Two panels will discuss what still needs to...
Low-sulphur fuel price spread favours scrubbers Early moves towards scrubber adoption may pay off for owners as price spread widens for low-sulphur alternatives to bunker fuel
WoodMac forecasts continued long-term growth in China gas imports China's national oil companies have responded to the call for more upstream exploration and production activities and have formulated seven-year...
Knot seals 15-year shuttle tanker contract with Total With this latest deal, the Knot Group will have 32 shuttle tankers in operation or on order
China Merchants offers to buy AVIC's shipbuilding assets Development comes amid wider consolidation moves within China's shipbuilding industry
Soderberg to join Global Energy Ventures as head of shipping Mr Soderberg has more than 30 years experience in the shipping industry and worked together with Mr Jensen at AP...
Chinese players link up for $840m BHP dual-fuel tender Interests in China expect trading group's dual-fuel newcastlemax project to grow and are teaming up to get in on it
Trafigura inks LPG-fuelled VLGC contract at Hyundai Heavy Trader likely to novate gas carriers - the largest ever ordererd - to another company before taking them on long-term charters
Mysterious new Dubai manager takes third ageing VLCC Barely three months after it made its debut on the shipping scene, a little-known shipmanager from Dubai has assembled a fleet of at least three ageing VLCCs. TradeWinds reported earlier this month that Royal Express Ship Management had taken over operation or technical management of two tankers sold by Greece's NGM Energy. NGM Energy sells second VLCC to Dubai-based operator NGM Energy buys ca
Nissen Kaiun sells vintage VLGCs as it renews fleet Oriental Energy denies buying the VLGC despite the vessel being listed online under its ownership
Florida ports issue warnings ahead of Hurricane Dorian Several Flordia ports have raised conditions as Hurricane Dorian approaches. The US Coast Guard said Wednesday afternoon that Port Canaveral and the ports of Tampa, St. Petersburg and Manatee are in condition Whiskey, meaning the ports will stay open, but ships must report whether they are staying or going. Whiskey is the lowest of the Coast Guard's four port conditions and anticipated gale forc
Former professional cyclist puts Hesnes staff through their paces Inspiration came from the Norwegian state, with near 90% staff participation
Christian Andersen bounces back to head Lorentzen & Stemoco Former Avance Gas chief executive to return to broking as the new head of Tidemand outfit
New Greek outfit linked to purchase of Diamond S MR pair A Greek shipping outfit registered just recently, with an as-yet-unknown background, has been linked to the purchase of an MR tanker pair sold earlier this month by Diamond S Shipping. Some Athens brokers are identifying an enterprise called Velos as the buyer of the 50,000-dwt Atlantic Aquarius and Atlantic Leo (both built 2008), which the US-based outfit confirmed as having been sold in a state
Aon urges shipowners to renew early as rates rise by 10% Further price hikes likely as broking giant identifies tightening capacity across logistics, cruise, ports, terminals and marine cargo sectors
Chinese finance house Minsheng trades product tankers Beijing-based Minsheng Financial Leasing is continuing to experiment as an asset player in the MR market
Liner giants' green fight reveals shipping's future battleground Three of the world's biggest box carriers are championing their environmental credentials in a battle for the hearts of customers. It shows a trajectory for the rest of the industry
Chemikalien bounces back after tough time for German managers Hamburg tanker specialist close to doubling its fleet with acquisition of Rigel Schiffahrts and Expedo vessels
Tanker specialist Chemikalien has more than one reason to celebrate half-century Christian Kramer and Hylke Boerstra joined Chemikalien Seetransport (CST) when the fleet was shrinking fastest. They worked alongside the late Peter Kramer to reverse the slide, deciding which ships should go and where future investment should be focused. Boerstra said two subsequent years of consolidation have been followed by expansion. The strategy behind the turnaround had little to do with
ExxonMobil invites owners to bid on LNG carrier duo Energy major selects Samsung as preferred shipbuilder, with Hyundai as back up
CSL leads way by reporting carbon dioxide emissions Private Canadian group publishes annual sustainability report that details ongoing battle to reduce its carbon output
Scorpio Bulkers kamsarmaxes good fit for conversions, says CSL Two kamsarmaxes acquired by CSL Group from Scorpio Bulkers in March for $48m have been trading as conventional bulkers ahead of their planned conversion to self-unloading units. "This is a mix of expansion and fleet renewal for our Americas fleet," said chief executive Louis Martel, referring to a partnership with compatriot owner Algoma Central on a pool of self-unloaders that is run from Middle
CSL's Martel skates on thin ice in Montreal as a Boston Bruins fan Louis Martel conceded that it is a "little awkward" for the Montreal native to be a diehard Boston Bruins ice hockey fan. Montreal is home to what is arguably the National Hockey League's most iconic name, the Montreal Canadiens. "Fortunately or unfortunately, I'm a huge Bruins fan," the CSL chief executive said. "Sometimes it is a little awkward. I have continuous jokes with my owners. I keep
Navig8 results followed $100m Oslo bond issue Group is paying a high price for previously undisclosed windfall in April, but sources explain why it might be worth it.
Bet on 2020 being 'best year in a half decade' but no supercycle Tankers expected to benefit strongly from supply-demand factors but other sectors may not get such a great one-off boost, say US analysts
Havila still negotiating future of its fleet with lenders The offshore support vessel operator's second-quarter results have improved significantly, compared to last year.
Is the IMO 2020 tanker rally finally here? VLCC rates have jumped, but you'd never know it based on trade war headlines, says Evercore's Chappell
Emerging deals highlight Greek owners' appetite for MR tankers Astra and Falcon among trendsetting Greeks to snap up 10-year-old former Japanese-owned vessels in a robust S&P market
Stronger panamax period deals offer immediate premium Struggling segment is coming to life as cargo-long operators raise the bidding for longer employment
Sun comes out to play at another colourful Peter Gast regatta What started as a bet 37 years ago between a shipbroker and a shipowner remains the biggest privately organised sailing regatta in shipping. Whoever could sail from northern Germany to Denmark and back in the fastest time would win, and whoever lost would pick up the bill. Little did the betting parties know that nearly four decades later the regatta bearing the name of shipbroker Peter Gast wou
Hafnia puts hope in new trade patterns as profit falls BW tanker company says tailwinds could be created after challenging second quarter.
Kassian continues clear out with sale of ageing panamax bulker The Pappadakis family company Kassian Maritime Navigation has continued to renew its bulker fleet with the disposal of a 13-year-old panamax vessel. Brokers in Europe and the US said the 74,000-dwt Underdog (built 2006) has been sold to an undisclosed buyer for $8.5m. The selling price is roughly in line with price expectations for the Hudong-Zhonghua-built ship and about the same as Kassian p
CMES posts stronger first-half results but expresses worries over tariff war China Merchants Energy Shipping says US crude exports growth could be curbed by Beijing's import duty
Estoril Navigation to re-enter clean tanker market Greek owner clinches deal with MOL as part of fleet renewal plan
MOL Chemical Tankers kicks off Nordic merger with staff changes The process of merging MOL Nordic Tankers (MOL NT) into MOL Chemical Tankers (MOL CT) has begun with the exit of two top executives. Chemical tanker market M&A steps up with two large transactions Per Sylvester Jensen and Henriette Schutze, MOL NT's chief executive and chief financial officer, have left the company, a release said on Wednesday. MOL CT's chief executive Tsuneo Watanabe will head
James Fisher eyes further growth after business acquisition spree The London-listed tanker owner and marine service provider is looking forward to a better second half.
Thun Tankers orders new niche tanker for Geos charter New ship will be of Not Always Afloat But Safely Aground (NAABSA) design.
Agility Gas meeting yards over 'game-changing' jumbo ethane carrier US company receives first 165,000-cbm designs for VLEC from Herbert Engineering
NYK Bulk eyes competitive edge with eco heavylift order in China Japanese specialist to renew fleet with order at Jinling Shipyard for 'next generation, energy-saving' duo
Diligent Holdings' fleet mix tilts with fourth supramax purchase Little-known Athens company becomes one of Greece's biggest buyers this year
Shell extends LNGBV fleet with Norwegian ship conversion Bergen Tankers to switch oil bunker vessel to supply LNG for Gasnor charter
Thanassis Martinos to run Greek Holy Mountain The Greek government is to appoint shipowner Thanassis Martinos as the next civil governor of the Holy Mountain, an autonomous northern Greek region that hosts a 1,000-year old autonomous monastic community, state radio ERT reported on Wednesday. The decision was taken by the country' s freshly elected prime minister Kyriakos Mitsotakis and has met with approval by senior Greek Orthodox clergy, t
Two workers killed in fire at Russian shipyard Krasnoye Sormovo says production line hit by blaze on Wednesday.
Alphaliner: inactive boxship fleet drops Analyst says 553,000 teu currently idled, driven by scrubber retrofits.
Lower costs boost Teekay Shuttle Tankers Teekay spin-off also benefits from high use and rates.
Fredriksen working on VLCC merger deal to boost Frontline Norwegian tanker owner says he is giving expansion of his VLCC fleet top priority
NYK confirms Total charter of KNOT shuttle tanker Japanese shipowner says ship will be deployed in Brazilian waters under 15-year charter
Ferry blaze kills three in Philippines Coastguard and other ships rescued 245 people after fire.
TechnipFMC to split operations in two Move will unlock additional value, says CEO.
World's most-watched tanker drops Turkey call Adrian Darya 1 now has no destination listed after Iran sells its oil.
China Merchants launches AVIC International takeover bid CMIH sees potential synergies in merged entity such as enlarged customer base and economies of scale
Chinese-Wilhelmsen team selected for Cyprus LNG FSRU Successful consortium expected in Nicosia shortly for the formal signing of the contracts
NYK order at JMU Corp to be "upgraded" Newcastlemax New bulker design said to combine increased deadweight with reduced fuel consumption
Freight brokers: FEMA pre-positioning for Hurricane Dorian has begun Brokers large and small report surges of water loads inbound to Florida.
Atlas Air, pilots union don't appear to let contract talks go gently into that good night Atlas Air and its pilots union continue take hard lines in wake of arbritrator's award that a contract settlement be arbitrated
Konexial launches Spanish-language version of My20 ELD Software and telematics technology provider Konexial recently launched a Spanish-language version of its electronic logging device (ELD) product, My20 ELD. Ken Evans, chief executive of...
ATA chairman Barry Pottle calls for new fuel taxes, intensified lobbying efforts The ATA says that fuel taxes are the best way to fund a federal infrastructure project.
Daimler Trucks produces milestone 750,000th heavy-duty truck in North Carolina Daimler Trucks North America celebrated the 750,000th build at its plant in Cleveland, North Carolina as its parent company prepares to build its heavy-duty Actros...
Freight Futures daily curve: 8/28 Freight Futures lane to watch: LAX to SEA
U.S. rail volumes continue their drop Year-to-date U.S. rail volumes are still slumping this year, due in part to a competitive truck market for intermodal shipments.
Electric scooters scrutinized for environmental impact A new study finds that e-scooters' environmental footprint surpasses that of the transportation they are positioned to replace.
Another trucking company announces its closure today 2019's unfavorable operating environment claims another truckload carrier.
Tropical Storm Dorian changing course (forecast video) Dorian could become a hurricane, slamming Virgin Islands, Puerto Rico soon. U.S. mainland could be next.
Nuvera Fuel Cells ships test engines to Europe and China Nuvera Fuel Cells is working with its parent Hyster-Yale Group to make fuel cell engines for medium- and heavy-duty truck applications, mostly for drayage and...
Today's Pickup: Canadian startup to offer its load board for free The Canadian Load Board unveils aggressive zero-cost entry point as looks to bring users and loads to its network after a sluggish launch.
Grappling with latest round of US Russian sanctions U.S. companies with business in Russia - even those not engaged in chemical or biological exports - should understand the sanctions to avoid compliance exposure,...
The freight railway route from China to Europe is not generating business volume Several intermodal containers on trains running between China to Europe run empty due to lack of exporter demand for capacity.
Elroy Air's first full-scale autonomous cargo test flight a success Elroy Air, an aerial autonomy and logistics company, announced the completion of its first full-scale system flight test at an airfield in California.
Carriers turn to automation for competitive edge when hiring drivers Recruiters say competition is fierce among trucking companies to find qualified truck drivers and it can be a race to see which company can successfully...
Express air dominates as pathway for counterfeit goods Express air is the preferred mode for counterfeit and opioid smugglers, and U.S. Customs is having trouble keeping up with the volume.
Voyage Control aims to grow from chain link to terminal gate Marine terminals to offer guaranteed empty returns, common portals for truck appointments.
344-unit truckload carrier suddenly shuts down, latest in string of failures (with video) Editor's note: This story was updated to reflect that the company's CEO says he is working to bring drivers home. HVH transportation, a 344-unit trucking...
0.5% FUEL OIL SUPPLY ROUNDUP: Sweden's Preem offers 2020 compliant fuel at Gothenburg Swedish refiner Preem is offering 0.5% fuel oil, predominately at its 125,000 b/d Gothenburg refinery, and is evaluating further options at its 220,000 b/d Lysekil refinery, a company spokesman said Wednesday.
Oil tankers with US crude race to beat China tariff deadline A handful of oil tankers carrying US crude to China are racing to beat the September 1 deadline when Beijing's 5% tariff on US crude imports will kick in, but not all will cross the finishing line on time.
Istanbul bunker premiums surge on tight availability High sulfur fuel oil for use as a marine fuel at Istanbul, Turkey, has reached pronounced highs in comparison to other relevant assessments in the region in recent days, on the back of scarce availability.
UK North Sea operating costs still a third below 2014 peak Despite a recent uptick, operating costs in the UK North Sea remain at two-thirds of 2014 levels, with oil and gas production costs averaging GBP11.6 ($15.5) per barrel of oil equivalent last year, regulator the OGA said Wednesday.
US crude stocks fall 10.3 million barrels on high refinery runs, import drop US crude inventories fell 10.3 million barrels last week to 427.75 million barrels, as refiners maintained high runs while crude imports fell, US Energy Information Administration data showed Wednesday.
FUTURES 5: Crude futures rise muted following US stock draw Crude futures settled higher Wednesday following a 10.3 million barrel stock draw, but the reaction was muted by an increase in US production.
External: Global Risk Management
Singapore HSFO cash differential hits record high, but strength may not hold: traders Most suppliers don't have prompt molecules to supply as they are already committed to fulfilling their own shorts, a trader said.
INTERVIEW: China's Wanhua Chemical to hike 2020 LPG imports as world-first project starts up "The plant will use 2.2 million mt/year of LPG as feedstock and is expected to be completed by H2 2020," Liang told Platts.
US-China trade dispute could include sanctions flexibility: analysts "I think the Chinese have thus far tried to thread a variety of needles, with domestic constituencies and the Trump Administration," Nephew said.
China's counter tariffs unlikely to curb overall US-Asia crude flows "We are unlikely to take much US crudes as they attract 5% tariff now," said a senior executive at state-run Chinese refiner Sinopec.
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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