NTSB: Incomplete safety procedures led to barge explosion The National Transportation Safety Board has issued a Marine Accident Report detailing its investigation of the Nov. 4, 2019, explosion of barge IB1940, owned by J O Equipment, LLC, in the Illinois
VIDEO: New Orleans RTA's newest ferry gets rave reviews from passengers The New Orleans Regional Transit Authority (RTA) reports that one of its two new ferry vessels, RTA2, entering revenue service on Saturday, October 10 at 6AM. RTA2 will serve as the primary
Energy efficient dredge features Danfoss drive solution Built at Royal IHC's shipyard in Krimpen aan den IJssel, the Netherlands, for Belgium's DEME Group, the 7,950-cubic-meter dual-fuel (diesel and LNG) hopper dredge Scheldt River features a Danfoss drive solution designed
Carnival says "low likelihood" of data accessed in cyberattack being misused Cruise giant Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today released an update on the August 15 cyberattack on parts of its IT systems. "Information Security at Carnival Corporation acted quickly
Hermitage Offshore vessels sold in bankruptcy auction Scorpio Group controlled Hermitage Offshore Services Ltd. (HOFSQ:OTC), which filed for Chapter 11 bankruptcy on August 11, has announced the winning bidders in the bankruptcy auction of its remaining fleet. It says
BIMCO: China opens up 10 ports for foreign crew changes BIMCO says that, according to its Shanghai office, seven Chinese governmental bodies, including the Ministry of Transportation (MOT), last week released a notice last week announced that 10 Chinese ports will resume
Algoma Central takes delivery of second Equinox 650 Algoma Central Corporation, St. Catharines, Ontario, has taken delivery of the Algoma Intrepid, its second Equinox 650-foot Class self-unloading dry-bulk carrier. The ship has begun her voyage to Canada from the 3
Following cyberattack, CMA CGM seeks extension of FMC filing deadlines The Federal Maritime Commission says it is considering a petition filed by CMA CGM, and affiliated companies (American President Lines, LLC, APL Co. Pte. Ltd. and ANL Singapore Pte. Ltd.) requesting temporary
Ulstein makes changes in group management roles After almost 22 years as CEO of Norway's family-owned Ulstein Group, Gunvor Ulstein has decided to step down from her operational role on November 2 and, with her brother, Tore Ulstein, concentrate
DSME wins order for six LNG newbuilds DSME will deliver six LNG carriers to unidentified European shipowners by July and December 2023. The client has been reported...
UK turns to EU ferry companies for post-Brexit cover Ferry operators owned by companies based in France, Denmark, Dubai and Sweden have been signed up by the UK government to...
InterManager seeks to clarify virus measures after infections InterManager recommends that seafarers should be quarantined for 14 days prior to their coronavirus tests. The suggestion is being discussed...
Seadrill slaps down creditor counterproposals Company undergoing restructuring of $7.3bn debt burden, and reached interest suspension agreement last month
From the News Desk: Trust issues for shipping's digitalisation drive Shipping is well aware of the benefits of digitalisation, from the improved safety of crew and vessels to emissions reductions...
UK royal pays tribute to shipping sector 'Maritime is nothing if not resilient. London International Shipping Week 2021 will focus sharply on what should turn out to...
Downgraded UK shipping firms face stricter checks to access government relief Leading UK shipping names among those in aviation and maritime sectors said to pass additional review to access government-backed loans
Hermitage Offshore sells fleet in bankruptcy auction Hermitage raised $80m from creditors for its 10 platform supply vessels, while Tidewater subsidiary VTG Ships bid $5.3m for its...
Pavilion Energy in pursuit of 'decarbonised' LNG One of Singapore's two licensed LNG bunker players has tendered for the supply of potentially carbon-neutral LNG from 2023
China reported to have blocked Australian coal Dry bulk market participants are expecting rates for capesizes and panamaxes to nosedive following reports that China has unofficially imposed...
Daily Briefing Free to read: China prepares to restore foreign crew repatriation | IEA does not anticipate rapid drop in oil demand...
Maersk cuts 2,000 jobs and raises full-year guidance Maersk's restructuring programme will result in the loss of 2,000 jobs, fewer than the number potentially affected. Strong performance in...
Cosco agrees terminal consolidation deal in southern China The capital boost will help the port consolidate its two large container terminals and add economies of scale benefits, says...
US ports boost throughput as global economy rebounds The US Commerce Department underlined a significant difference between imports and exports, saying the country posted its largest monthly trade...
China Navigation launches project cargo division The new projects arm will be based in Singapore, but will have global coverage with representation in Europe and the...
IEA does not anticipate rapid drop in oil demand The International Energy Agency anticipates that without significant policy changes from governments, global oil demand will not rapidly decline soon...
P&O Cruises ship to become condo complex off Panama Ocean Builders also plans to build Seapods offering at-sea dwelling
Jacksonville firefighters sue after injuries in Hoegh Xiamen blaze The lawsuit accuses the ship's owner and charterer of failing to maintain fire prevention equipment, leading to an explosion
Danaos Corp triples share repurchase programme Two stakeholders sell two 'blocs of shares' worth more than $30m
Arrested Folk Shipping tanker to be sold at auction in Fujairah Vessel is second controlled by UAE owner to be disposed of by National Bank of Fujairah
Croatia's first FSRU Golar Viking arrives off the coast Converted LNG carrier is due to load first cargo via ship-to-ship transfer in Adriatic Sea
Idan Ofer makes US power play in $815m deal Shipowner's OPC Energy to buy US clean energy company from private equity firm
Ulstein family hands shipyard reins to new CEO Cathrine Marti Gunvor Ulstein stepping down after 22 years to focus on longer-term strategy
Clarksons Platou takes cautious view of box sector after Maersk hikes forecast Analyst Frode Morkedal says profit guidance was not lifted as much as strong spot rates suggested, and 2021 could be weaker than this year for owners in general
Global broker Aon urges P&I clubs to soften renewal rate rises Broker says wealthy P&I clubs can afford to go easy on members struggling to cope with the financial fallout from the pandemic
Seaspan and Capital fix latest boxship buys on long-term charters Leading tonnage providers secure rare period charters in hot market
Shipping set for boom decade due to under investment in new ships, says Cleaves Norwegian investment bank says orders this year set to be fourth-lowest on record
GasLog links up with IFC on Sierra Leone LNG-to-power Project will use steam turbine gas carrier as an FSU for imports
UK hands out more post-Brexit ferry contracts worth $101m Move is latest bid to ensure vital supplies make it into the country after transition period ends on 31 December
Norway's Tailwind seeks exit from shipowning with final sales Norwegian company to complete its exit from shipowning.
China Merchants Energy Shipping fights for Tesla ro-ro business State-backed carrier wants a piece of the pie as Tesla revises its China strategy
Greece makes new stab at privatising historic Niarchos-founded Hellenic Shipyards Potential investors have seven weeks to prepare binding bids for what is touted as the biggest graving dock in the Eastern Mediterranean
Scandal-hit Hurtigruten could sell hotels as fleet remains idled Norwegian shipowner could raise cash from property disposals as most vessels remain idled
Modec wraps up $969m funding deal for Brazil FPSO Banks combine to back long-term chartering deal with Petrobras for Brazilian offshore project
Probe begins after engine room fire on product tanker Argentinean navy assisted in bringing incident under control on Di Giunta E
DSME signs $1.7bn order for sextet of LNG newbuildings for Russia's Arctic gas exports Price per vessel is over $50m cheaper than previous Arc7 ice class newbuildings
Chinese salvor promises Wakashio wreck removal by Christmas Chinese state-backed outfit has said it thinks it can move the wreck by Christmas
China eases crew change restrictions by opening up 10 ports Bimco gives shipowners advice on how to comply with new rules
Adnoc reportedly pays top dollar for former Ugland ultramax bulker Brokers say a firm reported price reflects the premium buyers are willing to pay for vessels from Japanese-run yards
Shipowners' groups welcome Sea Cargo Charter without full endorsement Bimco and the ICS are worried about bureaucracy and distorted CO2 reduction targets
Maersk to axe 2,000 staff as profit outlook improves Giant Danish shipowner continues reorganisation as third quarter result set to be solid
Asian dry bulk markets in disarray as China shuns Australian coal Confusion as China reportedly calls an unofficial halt to Australian coal imports
Seadrill reveals attempt to 'cleanse' finances in talks with noteholders Project Paratus consists of proposals and counter-proposals as drillship company tries to restructure debt mountain
ADS Crude Carriers down to last ship as VLCC sales spree goes on Norwegian owner offloads ADS Serenade for same price it sold sistership last month
Alexander Saverys: CMB harnesses hydrogen in the battle against black swans The Belgian shipowner has become a leading advocate of the alternative fuel to tackle decarbonisation
Mystic Invest eyes UK and German markets as it buys ex-CMV cruiseship at auction First of five CMV cruiseship put up for auction finds trading buyer
Vale looks to cut shipping costs with new China port venture Brazilian mining giant says project will allow it to secure total port capacity of 40 mtpa in Shulanghu
China Navigation moves into heavy-lift project cargo sector China Navigation Co launches a new specialist project shipping division targeting the energy, resource & infrastructure sectors
West Africa Gas returns to Hyundai Mipo for newbuildings LPG newbuilding order doubles fleet to four by 2022
India looks to north America to replace Venezuelan and Middle East barrels
New A321 converted freighter passes first test flight in US The A321 has a lot of potential in the air cargo market because of its efficiency and payload. Companies are beginning to convert passenger planes...
Hapag-Lloyd CEO cautious despite high demand, rates "If you go back a couple of months, nobody would have expected that demand would be as strong today as it is right now," says...
Delta reports $9B drop in Q3 revenue Delta Air Lines (NYSE:DAL) reported quarterly losses of $3.30 per share, which missed the analyst consensus estimate of $3 by 10%. This is a 242%...
Alibaba taps Atlas Air for parcel airlift to South America Alibaba is taking on Amazon around the world. Its latest move is in South America, with a new dedicated air service to speed up shipments.
Asian gasoil crack overtakes gasoline after 4-week flip as supply balance tilts Second consecutive session to see gasoil swap crack higher than gasoline swap crack.
Delfin Midstream newbuild FLNG able to support LNG bunker demand in US Gulf Newbuild FLNG vessel design to have nameplate capacity of 3.5 million mt/per year: Delfin.
China Oct LSFO imports from Singapore drop amid healthy supply, low bunker prices High import costs a deterrent for Chinese buyers in terms of importing from Singapore.
NYMEX WTI rebounds back above $40/b on China, IEA news UK enacting tougher restrictions as coronavirus cases again rise, overall European demand continues to show signs of weakening.
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