Philly Shipyard books $630 million NSMV training ship order Philly Shipyard, Inc., the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), has been awarded a contract by TOTE Services, LLC for the construction of up to five National Security Multi-Mission
Ride the Ducks of Seattle goes out of business Ride the Ducks of Seattle filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Western District of Washington, March 18, disclosing total liabilities of $5.1 million. A Chapter 7
Marine Jet Power introduces remote customer service capabilities Uppsala, Sweden, based global waterjet supplier Marine Jet Power (MJP) has introduced remote support capabilities for MJP waterjets operating with electronic control systems. The solution, had already been under development, was accelerated
USACE Memphis lowers flood fight activation levels in two areas The Memphis District, U.S. Army Corps of Engineers (USACE), has lowered its flood fight activation level to Phase I in the Cairo, Missouri, and Reelfoot-Obion Areas due to falling Mississippi River levels.
ABB brings fuel cell powering for large ships a step closer ABB has signed a Memorandum of Understanding (MOU) with Hydrogène de France (HDF) to jointly manufacture megawatt-scale fuel cell systems capable of powering ocean-going vessels. The MOU between ABB and the French
Don't let coronavirus take down ferry companies too Shortsea and ro-ro operators are literally providing a lifeline by making sure Europe's hospitals still stock medicines and its supermarkets...
Virus may expedite transformation of class, says BV's de Tugny Shipping has three key challenges, says Matthieu de Tugny: volatile markets, regulatory compliance, and technological change. Class can be a...
ABB and HDF to partner on deepsea fuel cell systems The two companies want to build a fuel cell power plant to power oceangoing vessels
Unions call for clarity on furlough fears Seafarers on offshore contracts may be unable to access the scheme, RMT and Nautilus fear
World boxship fleet update: Fleet in stasis as pandemic curbs activity Even with a slowdown in deliveries, a frozen demo market and backed-up scrubber retrofits are pushing up idle fleet capacity
Weekly briefing: Some progress on crew changes; tanker owners see opportunities Shipping industry steps up efforts to improve crew welfare during the coronavirus crisis, crude tanker rates dip again on talk...
Cyprus and South Korea join Qualship 21 list of élite flags USCG's annual report says total number of ships detained in 2019 fell to 97, from 103 in 2018, out of...
Online training is a challenge for teacher and technology Training for maritime can still be done even with travel restrictions, however there are some tips to be observed if...
P&O Ferries claims survival at risk without major cuts 'The cash we have in the bank will only last a matter of weeks unless we take drastic action to...
China to strengthen position as world's biggest shipbuilder Shipbuilding output is still on course to rise in 2020, based on estimates from Lloyd's List Intelligence, with China expected...
US LNG exports to China start to flow again This is the first time since March 2019 that LNG shipments have gone from the US to China
Seafarers' suppers fed by triple barrel supply pipeline With tens of thousands of seafarers trapped on ships, and many more on offshore installations, the challenge of supplying food...
Daily Briefing Free to read: Grimaldi warns against unfair state support for struggling shipowners | Class societies add staff layoffs to coronavirus...
Total seals LNG-fuelled tankers charters with AET AET parent MISC Group took early and bold decisions to invest in LNG dual-fuel vessels and the industry has responded...
World leaders pressed to resolve crew change crisis The movement of seafarers and marine personnel, including crew changes, is essential to a functioning international shipping industry responsible for...
Pacific Basin pulls plug on secondhand acquisitions Company expects a rebound in economic activity and dry bulk trade flows once the coronavirus pandemic recedes and significant financial stimulus...
US tipped to become net importer of crude oil and petroleum products Lower global oil demand growth for 2020 reflects growing evidence of significant disruptions to global economic activity along with reduced...
US containerised imports to remain 'significantly low' for months Hackett Associates founder Ben Hackett says the coronavirus pandemic is 'unravelling the economy nationally and globally' as most of the...
Cancelled sailings cause 6.9% drop in throughput for Long Beach The port posts 19 cancelled sailings in the first quarter of 2020, contributing to a 6.9% decline in overall cargo...
BP's force majeure claim hits Golar LNG BP's bid to invoke coronavirus to back its force majeure claim has set alarm bells ringing over the sanctity of...
Port of LA March cargo volume drops nearly 31% Coronavirus and tariffs blamed for lowest total in more than a decade.
House Democrats raise concerns about FEMA logistics initiative While FEMA is working to airlift medical supplies from international sources, the White House doesn't want to share equipment with other countries that may be...
WTO: Coronavirus crisis could rival Great Depression Cargo flows face worst hit in a century but have potential to bounce back fast.
Logistics providers weigh workforce reductions amid drop in trade Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of...
Career Tracks: Port of Mobile and Seaborn Networks New CEO named to lead Alabama State Port Authority and senior VP appointed to head Latin American sales.
UPS plays multilayered logistics role in FEMA relief effort (with video) UPS offers companies a full suite of supply chain services. They can pick what they need or get a turnkey solution. Now the third-party logistics...
Container lines are still holding firm on trans-Pac rates No collapse yet for ocean container spot rates. In fact, they're up.
Brazil's Enauta bucks industry trend, maintains 2020-2021 investments Brazilian independent oil and natural gas producer Enauta opted not to join the ranks of oil companies slashing spending in the face of collapsing oil prices and reduced demand, instead maintaining plans to invest $196 million over the next two years to explore fresh acreage and complete development of the Atlanta Field.
Crude settles higher as Russia signals willingness to cut output Crude futures settled higher Wednesday on optimism that Thursday's OPEC+ meeting would yield a production cut agreement.
QUARTERLY: Clean tanker market bracing for COVID-19 hit to oil product demand Shipowners could find themselves in a perilous position as the second quarter develops, should the coronavirus pandemic continue to instill a worldwide slowdown in demand for oil products, despite continued efforts to place material on floating storage for the months ahead.
HollyFrontier cuts refinery runs to 70% as coronavirus pandemic eats away at gasoline demand HollyFrontier said it has cut rates to 70% at its refineries as it looks to manage demand destruction brought upon by the coronavirus pandemic.
Wrong-footed shippers could face lengthy HSFO shortages The marine fuel market has been flipped on its head this year, with fears there would be a lack of IMO-compliant premium bunker fuels as shippers rushed to meet the new rules on sulfur content not materializing -- instead shortages of its sulfurous cousin have emerged.
FEATURE: Medium range tankers fixed for gasoline, jet fuel storage in Europe Medium range tankers are providing charterers an alternative option in clean product floating storage capacity in Europe, in light of the tightened availability of long range tankers for floating storage, according to shipping sources.
FUJAIRAH DATA: Fuel stocks for marine, power generation climb to all-time high Fuel stockpiles used by shippers and for power generation jumped to a record high on Monday at the Port of Fujairah in the UAE, the strongest sign yet of dwindling storage space for oil products in the region as demand evaporates due to the coronavirus pandemic.
Freight jumps on floating storage rush, uncertainty reigns amid coronavirus-related demand slump Oil tankers have found a second life as floating storage engines to stock cheap crude until markets pick up, after March saw near record low oil prices and sinking demand.
Halt on US cargoes may soon end as 4 LNG tankers point toward China: cFlow At least four tankers that loaded at US liquefaction terminals appeared Tuesday to be heading to destinations in China, suggesting that the effective year-long freeze on deliveries there may be ending in the weeks ahead, S&P Global Platts vessel-tracking software cFlow showed.
US crude stocks see largest-ever weekly gain as refinery demand plunges US crude inventories saw their largest-ever weekly build last week as refinery demand cratered amid a historic collapse in product demand, US Energy Information Administration data showed Wednesday.
Colombia's Feb exports of crude, products rise 11.7% on year to 3.23 mil mt Colombia in February exported 3.23 million mt of crude oil and refined products, an 11.7% increase from the 2.90 million mt shipped in February 2019, and up 2.9% from the 3.15 million mt sold in January 2020, according to data available Tuesday on the website of DANE, the government statistics agency that tracks foreign trade.
ARGENTINA DATA: February oil refining rises 7.8% on year Argentinian crude runs rose 7.8% year on year in February, led by increased output of diesel and fuel oil, the state statistics department Indec said Tuesday.
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