Pandemic pushes up ship operating costs Confirming reports that have been coming in all year from shipowners, ship managers, crewing agencies and other sources, a just published report confirms that the cost of complying with COVID-19 restrictions have
OSG picks oneTank for aftpeak tank ballast water treatment Overseas Shipholding Group (OSG) has chosen Glosten spin-off oneTank, LLC to provide an aftpeak ballast water treatment solution for vessels in its fleet. Installation of the oneTank system will help bring OSG
Norwegian shipowner sentenced to prison for role in notorious scrapping case George Eide, the Norwegian shipowner at the heart of a controversial ship scrapping case that first hit the headlines in 2017, has been sentenced to a prison term. Attempts to illegally export
Derecktor starts construction of hybrid research cat Derecktor Shipyards of Mamaroneck, N.Y., has started construction of a 64-foot aluminum catamaran research vessel. Ordered by the University of Vermont for its Rubenstein School of Environmental and Natural Resources, it will
Turkey's Manta Shipping migrates from L-Band to FleetXpress Turkish bulker operator Manta Shipping has selected Marlink to provide Inmarsat's Fleet Xpress service on eight of its vessels. The agreement supports Manta Shipping's drive towards digitalized operations and increased crew connectivity
Navy will not repair fire-gutted USS Bonhomme Richard The U.S. Navy is to decommission USS Bonhomme Richard (LHD 6), the Wasp-class amphibious assault ship gutted by a fire that broke out July 6 while the ship was undergoing maintenance in
Outlook forum looks forward to decarbonisation progress in 2021 Industry collaboration will be key to achieving shipping's goals in the coming year. Working more closely with the aviation and...
Yemen rebels hold the key to avoiding a maritime disaster Yemen's Houthis would gain more by helping to avert a looming maritime disaster on a stricken tanker in the Red...
Greek shipowner lifts Venezuelan crude after sanctions deletion Another tanker from the Gotsis-family owned fleet was among six briefly sanctioned in June for shipping Venezuelan oil, in a...
Scorpio Bulkers' selling spree continues The vessels that have entered an agreement to be sold this week are due to be delivered in the first...
Top 10 shipmanagers 2020 All the top shipmanagers explored new technologies for vessel performance optimisation and streamlined business practices. However, the greatest concern for...
Colombo container congestion crisis eases Severe box backlogs at key South Asian transhipment port appear to be improving, following several weeks of difficulties that have...
Crew-change crisis highlights fundamental industry problems Getting crew off vessels as scheduled is possible and must be done because this is the deal they signed up...
Plea to remember stranded seafarers during holiday season Officers' union Nautilus International says the plight of seafarers should not be forgotten as the crew change crisis drags on...
Hong Kong shipmanagers end difficult year on positive note Hong Kong is simply seen as a great place to do shipmanagement because of factors such as the fundamental commitment...
Container shortages exacerbated by slow turnaround times Shippers seeking exports from Asia are finding it difficult to secure equipment, pushing up freight rates. But elsewhere, port congestion...
Dissent in European shipping circles over EU's green rules Greek shipowners are still against an EU emissions measure. However, if it has to happen, they believe it should be...
Daily Briefing Free to read: Will China speak against EU impatience on shipping emissions? | Maersk and CMA CGM push EU for...
BHP signs LNG bunker contract with Shell The contract is expected to form up to 10% of the forecast Asian LNG bunker demand in fiscal year 2023...
Yangzijiang secures $226m in new shipbuilding orders An increase in the demand for smaller containerships has been seen as the shipping industry adapts to emerging trends and...
Samsung Heavy picks up tanker and LNG carrier orders worth $241m A late surge in newbuilding orders has brought Samsung Heavy's order backlog up to $4bn, meeting 48% of its annual...
Brazilian energy giant to offload five more ships, look for carbon cuts in shipping The state-controlled oil major said it has already removed 12 ships from trading this year
Petrobras hopes to double exports in new four-year plan The company will divest some assets, lowering production, but refinery sales should boost exports
M/Maritime expands with modern Scorpio Bulkers ultramax pair Japanese-built, eco-designed SBI Apollo and SBI Poseidon to join the young Greek company's growing fleet
International Seaways data points to fourth-quarter tanker weakness Numbers have fallen in key VLCC, panamax segments since owner's quarterly earnings guidance
Navios Acquisition slashes dividend and pushes back debt Amid falling tanker market, Angeliki Frangou-led outfit reports narrow profit for the third quarter and starts selling new shares worth up to $25m
BW LPG scores Hindustan Petroleum charters for two VLGCs in India push Fearnleys expects VLGC rates to lose ground but remain strong into 2021
Cruise can bounce back from Covid-19 crisis by playing it safe DNV GL's maritime chief argues there is light at the end of the tunnel if cruiseships' routines and risk-mitigation measures can match hospital standards
Fearnley LNG starts scenario planning for 2021 charter rates Unit of shipbroker Fearnleys looks at three possible growth paths for next year
John Fredriksen-backed Seadrill Partners files for Chapter 11 restructuring US-listed drillship company has support of banks for move into bankruptcy court protection
ZeroNorth's carbon-cutting software to be integrated with fleet management platform New tie-up aims to help shipowners leverage technology to reduce carbon dioxide emissions and bunker consumption
Vega and Su-Nav target 85 ships for new management venture German and Indian companies join forces to operate boxships, tankers and bulkers
Refloated Technomar boxship heading to Singapore for repairs Charterer Maersk says the Tina I being inspected after hitting grounded IRISL ship last month
Celsius Tankers locks away its unfixed LNG carrier trio to Cheniere Danish owner secures 13-year contracts on last three of its four speculatively-ordered newbuildings
Shipowning newcomer Hoanh Son Group buys two more bulkers Details emerge of two more acquisitions by Vietnamese infrastructure conglomerate as it sets itself up as a shipowner.
NYK Line sells its last owned LR2 tanker to Eastern Mediterranean Japanese company offloads ship amid pressure on tanker values, while Thanassis Martinos company rejoins the rank of buyers on the sale & purchase (S&P) market
Eagle Bulk tipped as buyer of Scorpio Bulkers ultramax as fleet sale continues Transition to wind programme continues as Emanuele Lauro-led owner returns to single disposal
Julian Clark to run Ince's global operations as it eyes expansion Law firm's senior partner promoted to worldwide head as part of new management structure
Euroseas quadruples its money with lucrative charters as Aristides Pittas builds stake CEO converts loan to shares while company increases boxship term cover at much higher rates
Would-be buyer arrests Alpha Bulkers capesize amid Chinese coal discharge delay Chinese buyer claims the seller walked away from a done deal amid rising scrap prices
Long-term work helps Drydocks World bounce back from Covid Operating during a pandemic came at an extra cost, but the Dubai ship repairer tapped a steady income stream from conversion and fabrication projects
Digital and logistics investments ease Abu Dhabi Ports' pandemic pains Ports group says speed of response and innovative approach cushioned blow from Covid-19
Waterfront confirms eight methanol dual-fuel MRs at Hyundai Mipo Canadian principal says orders have been split between Swedish, Japanese and South Korean owners
German boxship rescues US yachtsman reported as missing at sea Vigilant containership crew discovers missing castaway clinging to wreckage of his capsized yacht off Florida
Chinese owners give Yangzijiang year-end boost with contracts worth $226m New orders bring Chinese shipyard's total tally for 2020 to 43 vessel worth $1.26bn.
Westports set to reap rewards of Trump exit and RCEP Malaysian terminal operator says volumes between Asia and Europe were up 11% in the third quarter
Eagle Bulk tipped as buyer of Scorpio Bulk ultramax as fleet sale continues Transition to wind programme continues as Emanuele Lauro-led owner returns to single disposal
How the Panama Canal traffic jam is affecting ocean shipping Panama Canal congestion is not impeding transits of container ships but it is pumping up spot rates for LNG and LPG carriers.
Lufthansa, DB Schenker challenge industry to support alternative jet fuel Lufthansa and DB Schenker are working together to increase the market for alternative aviation fuels.
UPS pilots want more COVID testing as infections spike Pilots at UPS and company officials disagree about the level of precautions being taken to keep them safe while providing essential cargo service around the...
Italian firm building $150M shipyard in Mexico Italian firm Fincantieri is building a $150M shipyard in Mexico's Yucatán state to take advantage of cruise line operations and oil & gas exploration.
Big 3 US airlines gear up to transport COVID-19 vaccines Preparing for the massive global distribution of COVID vaccines for airlines is the equivalent of the military massing for an invasion. Here's how United, American...
Wall Street's incredible shrinking shipping stocks The total market capitalization of U.S.-listed ocean shipping stocks has plunged 34% in 2020, but there are reasons for hope in 2021.
Oil price declines extend amid OPEC+ uncertainty, COVID-19 spread Without an extension agreement, the OPEC+ curbs are scheduled to ease from the current 7.7 million b/d to 5.8 million b/d from January.
IRAQ DATA: November federal crude exports fall 6% on weather, OPEC compliance aims **Iraq exports 2.709 mil b/d, down from 2.876 mil b/d in Oct **Rough weather affects tanker loadings for five days **Iraq owes compensation cuts for OPEC quota violations
ANALYSIS: Product tankers market likely stuck in the doldrums into 2021 Lockdowns bearish for refining margins.
Nigeria to push CNG as alternative transport fuel, reduce reliance on gasoline Government hopes to get 1 million vehicles converted to CNG by 2021.
Refineries halfway through rationalization: HSBC **Refinery rationalization happening faster than expected **Europe accounts for half of announced closures
European fuel oil paper volumes in November MOC up 522% on month Hi-lo most commonly traded derivative.
Japan signs oil storage deal with Kuwait's KPC **First Kuwait crude cargo to arrive at Kiire oil storage in Q1 2021 **KPC joins Saudi Aramco, ADNOC to store oil in Japan **Japan leases out total of 19.5 mil barrels oil storage capacity
REFINERY NEWS ROUNDUP: Russian runs supported by stronger fuel oil **Run cuts unlikely **Naphtha likely to be optimized over gasoline
Libya's National Oil Corp raises Dec. crude OSPs by 20-80 cents/b **Lightest grades see largest rises, of 70-80 cents/b **Heavier grades increased by 20 cents/b
FEATURE: Shipping industry needs policy makers to give cleaner fuels a boost Governments called on to subsidize alternative fuels.
Russia working on hydrogen exports to Germany: Novak **Hydrogen producing plant in works **Russia aims to become world leader in hydrogen exports
CHINA DATA: Oct fuel oil exports fall 3% on month to 1.22 mil mt **Exports soar 164.7% on-year **Chinese refineries have significantly expanded capacity
BW LPG selling two VLGCs in strong LPG freight market Shipping sources said BW Confidence was sold for about low to -mid $40 million, but this could not be immediately confirmed.
BHP awards first LNG bunker supply agreement to Shell to fuel 5 bulk carriers BHP said it will charter the vessels from Eastern Pacific Shipping for five-year terms.
USGC LPG freight rates to Japan reach nearly five-year high on dearth of ships "I have heard that there are a lot of boughts out there," a trader said.
Venezuela's average crude output rises 5% to 430,000 b/d in November: reports Production of PDVSA and its foreign partners in the Orinoco Belt region declined slightly to 200,000 b/d.
Fujairah's Brooge Energy almost ready to offer more oil storage space "Storage terminals around the world are filling up and approaching critical levels in the US, Europe and the Middle East, Asia and Africa," Paardenkooper said.
JAPAN DATA: Oct crude imports at 53-year low, supporting products imports Local refiners slashed crude throughput by 18.9% year on year at 2.279 million b/d in the month.
European LSGO futures net speculative length up to 3-month high Physical European ultra low sulfur diesel markets have been relatively weak at the prompt with mobility indicators near six-month lows.
Poland's PKN announces 2030 green strategy to cut emissions, boost RES capacity The company has earmarked total capex of Zloty 140 billion ($37.5 billion) in its 2030 strategy.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
