AWO secures approval for alternative to VDS on rivers Since the publication of Subchapter M, many AWO members have expressed concern with the rule's requirements to carry three day and three night visual distress signals (e.g. flares) aboard towing vessels on
A Q&A with Lois Zabrocky, CMA's 2020 Commodore Lois Zabrocky, CEO of International Seaways Inc., will be the next person to be crowned with an admiral's hat when she steps into the role of the Connecticut Maritime Association's (CMA) Commodore
MAN to power new Tallink LNG-fueled ferry MAN Energy Solutions is to supply the engines for the 2,800 passenger LNG-fueled ferry ordered by Estonia's Tallink Grupp for the Tallinn - Helsinki shuttle route route (see earlier story). The ship,
LNG fueled research vessel features Schottel propulsion units The Atair, a 75 meter long and roughly 17 meter wide research vessel under construction at the Fassmer shipyard in Berne, Germany, is equipped with Schottel propulsion systems. Ordered by the German
Armstrong Marine USA builds new Liberty National Golf Club ferry A 46 foot x 15 foot planing catamaran is currently under construction at Armstrong Marine USA, Port Angeles, Wash., for Liberty National Golf Club, Jersey City, N.J. Called Liberty National I, it
US shipping showcase CMA 2020 postponed With several thousand industry delegates booked to attend, organisers announce that it will now be pushed back to June 29-July...
Daily tanker earnings reach $300,000 as traders add to Saudi-led tonnage frenzy All deals 'on subjects' with market waiting to see which are finalised to establish market ceiling on rates.
Cruise operators borrow big to ride out coronavirus Cruise operators have bolstered their liquidity after many cancelled bookings
Working remotely becomes even more interesting The traditional view that survey work is best done by humans is being challenged. A new remote survey centre in...
Torm sees strong two years for product tankers The Danish owner saw profit boosted as revenues jumped and costs fell in 2019
IMO set to postpone environmental negotiations due to coronavirus The Marine Environment Protection Committee and the Intersessional Working Group on greenhouse gas emissions, which were set for late March...
Amalie Essberger decision highlights demurrage time bar clause wordings, WFW argues Best practice dictates that owners consider very carefully the wording of their demurrage time bar clause, and submit all relevant...
Scrubber economics disrupted by coronavirus and Opec plus-stoked oil slide "If the current very low sulphur fuel oil to high-sulphur fuel oil price spread continues for another six months or...
Sino-US trade war accelerates changes in transpacific trade flows Northwest Seaport Alliance chief executive John Wolfe says China is the primary import and export market for ports on the...
Ports of Quebec and Montreal battle for US heartlands Changing trading patterns from Asia could benefit deepwater ports on Canada's Atlantic coast
Heung-A Shipping undergoes KDB-led debt overhaul The South Korean shipping company has reported losses since 2016 and saw its debt-to-equity ratio spike fivefold over the past...
Daily Briefing Free to read: Saudis in VLCC chartering spree as oil war escalates | Extended oil price war could stifle tanker...
Weaker demand continues to weigh on capesize market Most owners remain reservedly optimistic while the negative variable that led to this year's disappointing start is still very much...
US southwest ports prepare for 'surge' of containerised imports as February figures disappoint Still, matters may be improving, according to Alphaliner which said: 'In China, the falling new cases of the coronavirus and...
OOIL confirms long-awaited super-sized newbuild orders The latest orders will allow parent group Cosco Shipping to complete three loops consisting of a homogeneous fleet in Asia-Europe...
North American LNG projects shrug off weak prices to seek market share Global gas and liquefied natural gas prices are approaching a level that could call into question the economics of US...
Italian ports exempted from coronavirus lockdown, as owners roll out business continuity plans 'Most Italian shipping companies - the major ones especially - have in place plans that allow employees to work remotely. They will...
South Carolina ports, inland terminals report record February Ports authority braces for expected hit from coronavirus but still expects to finish the fiscal year above plan.
Port of Long Beach blames coronavirus for 17.9% drop in imports Lingering effects from tariff battles with China also contributed to decline in February.
Tanker rates spike as Saudis pull trigger on oil price war Tanker rates are back in the stratosphere as the Saudis move ahead with production push.
Ounce of prevention may avoid pounds of COVID-19 pain in supply chains Preparedness is essential when it comes to the coronavirus or other supply chain disruptions, experts say
Cybersecurity guide for container shipping now online DCSA publishes recommendations ahead of International Maritime Organization compliance deadline.
Commerce extends Huawei export license privilege Trump administration reminds U.S. exporters of semiconductors and other technologies that it views the Chinese telecom equipment manufacturer as a continued security threat.
Commentary: Walking the tightrope of antitrust immunity The companies that control the bulk of ocean cargo opearte under different rules than most companies. Read Darren Prokop's explanation of why that is...
Canada traders see crude-by-rail exports below 200,000 b/d as Cenovus suspends program Canadian crude traders say they are expecting oil exports by rail to fall to as low as 150,000 b/d in April after Cenovus Energy suspended its crude-by-rail program as part of capital spending cuts and the current pricing environment makes shipments to the US Gulf Coast uneconomical.
VLCC rates surge as Saudi Bahri charters 14 tankers ahead of Aramco output hike VLCC freight rates surged in Asia Wednesday as Saudi Arabian shipping company Bahri chartered more than a dozen VLCCs from the spot market with the country planning to step up crude output by 3 million b/d from April, market participants said Wednesday.
Low oil price to help China crude imports recover in May Low oil prices will help China's crude oil imports rebound in May amid a recovery in demand for domestic oil products and the rise in strategic petroleum reserves, but the volume will be capped by the availability in storage tanks, refiners and analysts said this week.
US DATA: EIA says Atlantic Coast ULSD stocks draw to four-month low Ultra low sulfur diesel stocks on the Atlantic Coast saw a 2.28 million-barrel draw for the week that ended March 6 to 32.53 million barrels, Energy Information Administration data showed Wednesday.
US EIA trims gas price forecasts, sees increases ahead as production declines The US Energy Information Administration Wednesday lowered its forecasts for Henry Hub spot natural gas prices forecasts for the first two quarters of 2020, but predicted prices will rise in the second quarter as production declines and more gas is used for power generation.
FEATURE: Negative Brent/Dubai EFS spells further pain for European, WAF crudes Sharp cuts in Middle East crude official selling prices and promises of supply rises from several national oil companies pushed the Brent-Dubai Exchange of Futures for Swaps contract into negative territory for the first time Wednesday, signaling yet another blow to sentiment across North Sea, Mediterranean and West African crude markets.
North Sea hit by first coronavirus case as safety of Forties shutdown in doubt Norway's Equinor said Wednesday it was responding to a suspected case of coronavirus at the UK's Mariner heavy oil field, following a confirmed outbreak offshore Norway, as doubts surfaced about plans by the operator of the Forties pipeline to shut down the system for three weeks of maintenance in June.
European biofuel prices at five-month lows, but losses modest compared to oil European biofuel prices have plunged to five-month lows, as the increasing spread of coronavirus alongside the meltdown in the oil complex cast a bearish shadow on the markets.
Prices settle about 4% lower on demand cuts, output increases Oil futures prices settled about 4% lower Tuesday as the odds of a resurrected OPEC+ production cut agreement appeared reduced and demand forecasts were slashed.
Shipowners forge ahead with scrubbers despite narrowing high-low sulfur spread Scrubbers still form a vital part of their IMO 2020 compliance strategy as well as a means of hedging bunker fuel risks.
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