Electric Boat awarded $9.4 billion Columbia Class SSBN contract mod General Dynamics Electric Boat Corp., Groton, Conn., has been awarded a $9,473,511,245 contract modification that exercises an option for the construction and testing of SSBN 826 and SSBN 827, the lead and
AMSA orders repatriation of nine seafarers kept too long on board Nine Chinese and Filipino seafarers, some of who had been on board the Panama-flagged 9,032 dwt general cargo ship Brio Faith for 20 months with no leave, will be reunited with their
Jotun set for global launch of solvent-free single coat primer After three years of success in the Northeast Asian and West European markets, Sandefjord, Norway, headquartered coatings specialist Jotun is ready to launch its proven Jotacote Universal S120 primer to the worldwide
Remote surveys: ABS schedules 100th hazmat inventory survey for Seaspan ABS has just scheduled its 100th Inventory of Hazardous Materials (IHM) certification survey for Seaspan Ship Management and says that 98% of these will be remote. ABS reports tha it is on
Huntington Ingalls reports increased revenues America's largest shipbuilder, Huntington Ingalls Industries (NYSE: HII), reported third quarter 2020 revenues of $2.3 billion, up 4.3% from the third quarter of 2019. The increase was driven by growth at both
Golden Ray: Responders fix a problem and wait for a weather window St. Simons Sound Incident Unified Command (UC) responders are monitoring weather forecasts, including the threat of severe weather associated with Tropical Storm Eta, to identify a weather window for cutting and lifting
Scrubber spread narrows to record on low refinery runs and falling oil price The shrinking price difference between very low sulphur fuel oil and high-sulphur fuel oil is closely watched by shipowners who...
Seafarer rights project to target charterers The SSI will develop a human rights code of conduct for charterers amid growing pressure to consider human rights, as...
Navios Partners eyes dry bulk trade boost in 2021 The economic outlook for 2021 was 'favourable', with the dry bulk trade projected to increase by 3.9%, said chief executive...
How ship finance recovered from coronavirus Sure, 2020 is not the greatest year on which to build a baseline investment case. But if you can show...
Loss-making Scorpio looks to winter rally for product tankers Rates have failed so far to reflect the usual seasonal lift seen in response to additional demand to ship gasoil...
China's dominance in bulk trades being felt A rail link between Mongolia and China, which should be completed next year, could see costs fall for transporting coal...
Dry bulk operator files for bankruptcy protection The company, majority owned by Gian Cristoforo Savasta, filed for bankruptcy protection on October 6. It has 120 days to...
MSC boosts fleet with acquisitions Flush with money from high rates and low fuel costs, container lines are getting ready to renew their fleets. MSC...
Bursary fund set up to help redundant seafarers The pandemic has affected employment in many maritime sectors, with passenger shipping particularly hard hit. A new fund has been...
Inquiry into cause of Turkish shipyard blast Five shipyard workers taken to hospital after a blast on the product tanker Sri Asih have been discharged. The authorities...
K Line reports weaker profits K Line expects dry bulk market conditions to improve gradually, mainly for capesizes. However, it remains pessimistic about the containership...
Euronav warns of challenging tanker market ahead The tanker owner saw increased earnings in the third quarter of the year raising its total profits for 2020 to...
NYK sees full-year profit doubling on liner and energy business performance NYK is taking the early pain of extraordinary losses by redelivering chartered vessels and considering further 'structural reforms' in the...
Daily Briefing Free to read: Carriers face expensive transition to zero-carbon future | Cargo sector looks back for the future of unaccompanied...
China-owned vessel with overdue crew held in Australia Vessel operator Tianjin Shun Xin Yuan Shipping tried to make a request for the seafarers to stay on board until...
Wakashio owner appoints salvors for aft section Initial processing work is scheduled to start in late December, and the final removal is expected to be completed next...
Genco to sell three ageing supramaxes amid wider losses Genco, which has been focusing on a fleet renewal programme, reported a net loss of $21.1m in the third quarter of...
French methane gas objections thwart $7bn US LNG contract The delay underlines concerns among some US natural gas exporters that regulatory rollbacks by the Trump administration are making it harder...
South Australia touts world's largest green ammonia export project South Australia-based producers are eyeing ammonia exports to Japan, where plans are in place to use the next generation fuel...
TSA seeks enhanced screening capabilities for air cargo (with video) The TSA is doing a better job partnering with airfreight companies on security, but better training and technology are needed to meet future security obligations.
Crude vs. product tanker debate: Advantage product tankers? Euronav exec curses crude-tanker market (literally). Scorpio exec pitches product-tanker promise and throws shade at crude side.
Ocean cargo 'lone bright spot' for Port Authority of NY/NJ Flurry of port activity could point to "growing concerns of future supply chain disruptions."
Breaking down the logistical mission of Operation Warp Speed The logistics of delivering a COVID-19 vaccine to all Americans will be historic. Major Gen. Christopher J. Sharpsten, the deputy director for supply, production and...
Atlas Air beats Q3 estimates on strong demand for air cargo Atlas Air rode the rising tide for air cargo to higher profits in the third quarter.
Big firms eye Canada COVID-19 vaccine distribution plans Major companies in the transportation and logistics world have taken interest in Canada's massive undertaking to distribute millions of COVID-19 vaccine doses.
OIL FUTURES: Crude prices ease as traders book profits following three-day rally Crude futures settled lower Nov. 5 as pandemic-related demand growth concerns prompted profit-taking after a three-session rally.
INDIA DATA: Sep gasoil exports fall 4% on month as domestic demand rises India's gasoil exports in September eased back from a 4-month high reached the previous month as higher consumption amid largely steady domestic output pared back outflows.
Colombia producer Frontera sees output remaining flat by end-2020 Frontera Energy is sticking with its full year production and capital expenditure targets, despite a drop in crude prices, the company said Nov. 5.
REFINERY NEWS: Petroperu moving ahead with expansion projects post-lockdown Petroperu moving ahead with expansion projects post-lockdown
TENDER DATA: S Africa's Engen seeks gasoil, kerosene for Nov loading South Africa's Engen seeks gasoil, kerosene for Nov loading
REFINERY NEWS: PetroChina Jinzhou's first gasoil supply to Chile arrives at port PetroChina Jinzhou's first gasoil supply to Chile arrives at port
China's Norinco, ZPC set to get first oil product export quota for 2020: sources State-owned China North Industries Corp., or Norinco, and privately held Zhejiang Petroleum and Chemical are likely to receive their first batch of oil product export quotas for utilization by the end of 2020, company sources with knowledge of the matter told S&P Global Platts over the week of Nov. 6.
INDIA DATA: Sep gasoil output inches up 0.5% on month as refiners maintain cautiousness India's gasoil production edged up 0.5% on the month to 7.60 million mt in September, with the marginal rise unfolding against a background of refiners remaining cautious about raising run rates amid faltering demand and dismal gasoil margins, provisional data from the Petroleum Planning and Analysis Cell showed.
PGNiG, Lotos perform first LNG bunkering in Szczecin, Poland The first bunkering operation for an LNG fueled ship at Szczecin port in Northwest Poland took place on Nov. 5 in cooperation by Poland-based oil and gas companies PGNiG and Lotos.
Argentina's YPF in talks with India's ONGC on cooperation in Vaca Muerta Argentina's state-backed energy company YPF said it has entered into talks with India's state-owned ONGC on potentially working together to develop oil and natural gas resources in the giant Vaca Muerta shale play.
US ELECTIONS: Results show deeper divide on energy issues, tough path for tackling climate While control of the White House and US Senate waits for ballot counters, a host of implications for energy and commodity markets from the Nov. 3 elections unfolded across the country, revealing a deepening US divide on energy issues that will make it harder to pursue federal policy on decarbonization and mitigating climate change.
Suez Canal oil tanker transits in Oct down 27% on year: BIMCO The number of oil tankers transiting through the Suez Canal in October was down 27% year on year amid subdued demand for oil transportation, shipping industry association BIMCO said Nov. 5.
ARA diesel, gasoil stocks up 4.4% on week to 2.67 mil mt: Insights Global Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub rose 4.4% to 2.67 million mt on the week to Nov. 4, Insights Global data released Nov. 5 showed.
Pemex business strategy needs urgent modification: IMF report Pemex needs a complete overhaul that includes modifications to its business strategy and reforms to its governance and procurement as the state oil company puts a drag on the country's growth, the International Monetary Fund said.
Scorpio Tankers bullish amid aging global fleet, refinery closures **Company upbeat on market conditions beyond 2020 **Young fleet, potential import opportunities lift outlook **High rate of scrubber fittings in face of hi-5 decrease
Euronav warns of demand concerns, rising crude tanker fleet supply in Q4 **Counter-cyclical demand drop expected in Q4 **Euronav secures loan with GHG emissions terms attached
Benchmark Dubai crude contango narrows to 3-month low on firm demand **Fuel oil cracks recovering **Fuel demand still showing signs of recovery in India
TENDER DATA: India's IOC seeks 35,000 mt HSFO for end-Nov delivery
IRAQ DATA: October oil output rises 6.7%, flouting OPEC+ quota - SOMO **Output above quota of 3.804 mil b/d **Total exports up 8% in October **Kurdish exports down 4.8% in October
JAPAN DATA: Oct 25-31 oil product exports rebound 25% on week to 1.59 mil barrels **HSFO exports rise 9.7% on-week **LSFO exports fall 54.2% on-week
INDIA DATA: Sept fuel oil exports resume; imports halve from Aug amid greater bitumen demand **Bunker demand stabilizes after summer drop **IOC floats buy tender
Asian LPG premium to naphtha near 7-month high, cements naphtha as feedstock Naphtha prices in Asia had fallen on abundant supply and weakness in both crude and gasoline markets.
India's HPCL July-Sep refining margin jumps 80.6% on year to $5.11/b The refiner sold 8.1 million mt of refined products in the three months period, down 9.5% year on year.
Poland's PGNiG charters two tankers to lift US LNG PGNiG has offtake agreements with Venture Global for its plants in both Calcasieu Pass and Plaquemines, also in Louisiana.
Singapore bunker sales remain resilient despite strong headwinds "Singapore will continue to grow its marine fuel volumes in the next few months," an industry consultant said.
Singapore-China 380 CST HSFO Dec arbitrage trade closes on weak SHFE price a"Arbitrage window from Singapore to China is now closed for both high sulfur and low sulfur," said a trader in Singapore.
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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