Conrad reports 2019 results and backlog Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. yesterday reported its 2019 results and backlog. The company reported net income of $86,000 and earnings per diluted share of $0.02 for the twelve
USCG gives guidance on who is a "marine critical infrastructure worker" The U.S. Coast Guard has issued a Marine Safety Information Bulletin (MSIB 11-20) intended to help state and local officials identify essential marine critical infrastructure workers. The MSIB notes that the uninterrupted
New low flow rate BWMS wins USCG and IMO type approval France's Bio-UV Group reports that it has received IMO and USCG type approval for its next generation low flow rate ballast water management system range. The Bio-Sea L Easy-to-Fit system had to
One-time coal-fired power plant site to be an international hub for offshore wind Over the past 18 months, the transformation of Brayton Point in Somerset, Mass., has reached significant milestones as the landscape shifted from its historic use as a coal-fired power plant to an
Social distancing, and more, comes to Sanmar Shipyards Turkey's Sanmar Shipyards, one of the world's leading builder of tugboats, today released some details of the steps it is taking to deal with the problems posed by the coronavirus outbreak. It
VIDEO: Ingalls launches LPD 28 Huntington Ingalls Industries (NYSE: HII) Ingalls Shipbuilding division launched amphibious transport dock, Fort Lauderdale (LPD 28), on March 28. "I am thrilled to get Fort Lauderdale in the water, so we can
Restructuring will see Solstad Offshore shed 37 vessels Skudeneshavn, Norway, headquartered Solstad Offshore ASA reported yesterday that a majority of its creditors - including secured lenders, leasing companies, industrial shareholders and key bondholders - have established a common plan to
Weekly briefing: Little cheer for containers, floating storage reignites tanker rates Port groups call for government support to keep trade in essential goods moving amid the coronavirus crisis, but severe disruption...
Health crisis raises questions for marine insurers HFW senior associate Matthew Wilmshurst said most of the burden from the virus would fall on insurers' clients
Greek shipping ramps up help for nation's medical workers to fight virus As equipment acquired by the Union of Greek Shipowners', the Onassis Foundation, the Prokopiou family and others is flown into...
London arbitration sees continued growth 'London remained far out ahead as the venue of choice for international maritime arbitrations,' says LMAA president
Dry bulk faces 'inevitable disruptions' China is in a recovery mode right now, dry bulk owners tell Capital Link audience
Tanker fleet sees 'once-in-a-generation' opportunities from oil demand shock 'The storage is really kicking off, and this is about to change this market and change 2020 completely' - Frontline...
Moody's to review CMA CGM credit rating Capital structure is too weak to maintain current rating unless balance sheet can be recapitalised
Citi's Parker says shipping cannot wait for regulators on decarbonisation Citi's veteran shipping chief believes shipping companies should not wait for the IMO to make more rules relating to decarbonisation...
Boxship owners face up to falling charter rates Supply-side constraints will benefit non-operating owners when container demand re-emerges from coronavirus slump
BIMCO urges stimulus measures to keep shipping afloat Keeping ports and terminal open is critical, says BIMCO's chief shipping analyst Peter Sand during Capital Link's online shipping forum
Swedish Club imposes general increase after combined ratio hits 5% 'We have continued to advance during 2019, delivering one of the strongest solvency ratios in marine and P&I,' insists Lars...
Shipping in the crosshairs of the EU emission strategy Controls on carbon emissions are likely to extend beyond European shipping companies, EU-flagged vessels and intra-EU voyages
Cash remains king in the coronavirus era The last question and answer period of this week's 14th Annual Capital Link International Shipping Forum was as much about...
The Alliance braces for slump in demand Transpacific trade to see largest reduction in services as volumes decline
Equipment supply moves from shortage to congestion Deluge of containers heads to Europe and US in face of collapsing demand
Vitol grows Singapore bunker business Vitol Bunkers will be in a strong position to provide a seamless 'end to end' delivered bunker supply service in...
Daily Briefing Free to read: IMO calls for improved treatment of crews during outbreak | Coronavirus fallout may derail decarbonisation | Container...
Scrubber boom about to end, says yard executive The deputy head of China's largest shipbuilding group has noted vanishing interest among shipowners for exhaust gas scrubber installations. The...
Scrubber cheerleader Scorpio postpones retrofits 'where possible' Some 51 tankers in Scorpio's fleet of 137 product tankers have yet to have scrubbers installed as of March 27...
MSC prepares to store cargoes at transhipment hubs Suspension of transit service aims to bring goods closer to final destination
Melbourne port workers refuse to unload Cosco containership Industry association Shipping Australia has condemned what it called a 'rogue action', calling it unconscionable
One dockworker dies in California while another is hospitalised in Delaware 'The waterfront is a tightly knit community and if a member of that community succumbs, we all share the grief,'...
Canada to boost crude oil exports to the US by nearly 1m bpd TC Energy made the announcement as Canada's petroleum industry attempts to weather a massive drop in prices due to demand...
Regulator to examine challenges facing US supply chain system 'We know shippers do not have sufficient access to refrigerated containers, ports are facing excess numbers of empties, and terminals...
Financiers split on how virus is undermining ship finance Another expectation of the coronavirus fallout is that it will sideline the trend towards putting greater importance on environmental, social...
No COVID-19 found on CMA CGM Marco Polo French carrier reports entire 500-vessel fleet is free of coronavirus cases.
Ocean shipping services continue to deteriorate Canceled sailings surge, schedule reliability sinks and import demand evaporates.
SeaCube CCO: 'Foodstuffs are still moving' Coronavirus-caused supply chain disruption has led to port congestion but has not burned reefer market.
Maersk completes $545 million Performance Team acquisition Global container carrier sails deeper into North American warehouse and distribution services.
FEMA relief shipment diverted to LAX Another government-underwritten load of medical supplies is headed to Southern California to help respond to the coronavirus.
US Customs expands services for-hire program Assistant Commissioner Todd Owen said additional reimbursable services agreements help Customs and Border Protection facilitate commerce during COVID-19 pandemic.
Maritime History Notes: America's hospital ships The Comfort and Mercy, now assisting America through the COVID-19 pandemic, started as crude oil tankers.
Commentary: April Fools! Who's the loser in phase one? CNBC's Lori Ann LaRocco provides commentary on how the Phase One trade deal between the U.S. and China has not worked as thought, at least...
Vitol acquires Singapore's Sinanju Tankers Holdings to strengthen bunkering presence As part of the deal, Vitol has acquired a fleet of 15 modern Singapore flagged bunker tankers including Singapore's first LNG bunker tanker.
Prompt Northwest European HSFO swap spread in steepest contango since Nov 2008 The prompt Northwest European high sulfur fuel oil paper swap has moved to its steepest contango in 11 years as demand vanished from markets as a result of the coronavirus pandemic.
Russia's Spimex starts publishing bunker export prices Russia's St. Petersburg International Mercantile Exchange has started publishing exchange prices for bunker fuel at Russian ports for export delivery, it said Wednesday.
Euronav sees loss on 2019 VLSFO hedge, expects support for crude tankers The collapse in the oil complex has been a double-edged sword for crude oil tanker giant Euronav, which purchased a significant volume of bunker fuel in 2019 but which sees a 2020 upside from a firming crude tanker market.
OIL FUTURES: Oil extends decline amid US crude build, Saudi export surge Oil settled lower Wednesday as a large US crude build and a flood of Saudi Arabian crude loadings highlighted global oversupply concerns.
ChemChina becomes first to blend imported crudes at Yantai port bonded tanks Yantai, a port on the Bohai Sea in Shandong province, is the second port in China to offer such a service after Qingdao Dongjiakou port.
European, African refiners start to shut down as storage runs thin South Africa's Engen refinery said late last week it had opted for a "temporary controlled shutdown".
Port of Kiel delays start of cruise season due to COVID-19 "All cruise sailings are suspended but we do carry passengers (essential travel) on most routes in and out from Scandinavia," a spokesman said.
North Asian bunker demand diverts to S Korea on competitive prices South Korea is seeing a diversion of demand to its ports on attractive Marine Fuel 0.5% prices.
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