IATA and ICS call on governments to designate crew change airports The International Air Transport Association (IATA) and the International Chamber of Shipping (ICS) are jointly calling on governments to take urgent measures to facilitate crew change flights for seafarers. Each month about
U.K. project looks at potential of carbon capture for shipping The U.K.'s Department for Transport is funding a project that will evaluate the potential for using carbon capture to reduce CO2 emissions from shipping. The funding has been awarded Chester, U.K., based
Hornbeck Offshore expects to complete Chapter 11 restructuring "very quickly" Covington, La., based Hornbeck Offshore Services, Inc. (NYSE:HOS, OTCQB:HOSS) reports that it has now reached a restructuring support deal with secured lenders and unsecured noteholders on a balance sheet restructuring of the
Keppel O&M in MOU to develop new energy solutions Successful applicants for grants being offered under a Memorandum of Understanding (MOU) between Singapore's Energy Market Authority (EMA) and Keppel Offshore & Marine (Keppel O&M) will have an opportunity to trial their
Conrad Shipyard delivers 6,000 hp Canal Barge towboat Morgan City, La., headquartered Conrad Shipyard has delivered the 6,000-horsepower towboat H. Merritt "Heavy" Lane, Jr. to Canal Barge Company, Inc. (CBC) of New Orleans. Built at Conrad's Amelia, La., shipyard, the
Lamprell to operate only one yard United Arab Emirates based offshore fabrication specialist Lamprell plc is consolidating its operations in one yard. "At least for the time being," it says. As part of what Lamprell calls its "self-help
Ferry owners say Greek aid will not cover losses for a month Companies are still waiting for clarification as to how the government's scheme will apply, which lines will be included, and...
Decline in oil demand likely to boost tanker floating storage Oil demand is set for a record drop in 2020. However, the Euronav chief executive takes the view that tankers...
US likely to widen sanctions on shipping, lawyer warns 'The entire shipping community is on notice that Ofac s very willing to go after significant players in the market...
BV opens Piraeus remote survey centre Remotely-located surveyors, using imagery and real-time video, can connect with ships, shipyards and experts 'in total confidence', says Bureau Veritas
MSC shutdown throws spotlight on cyber security Two attacks over the Easter holiday period on shipping companies expose the vulnerability of IT systems
Seanergy Maritime fundraisers gross $13.7m Greece-based owner of 10 capesizes says overallotment option fully exercised for public offering that has closed concurrently with separate direct...
China forecast to lead autonomous shipping sector by 2025 European autonomous shipping projects have come with huge publicity; in contrast, China's research has been under the radar. By 2025...
Singapore uses tech to plan for rainy economic days The maritime industry in Singapore stakes a large part of its reputation on its foresight. As huge swathes of the...
Singapore leads by example as tech start-ups make their mark Although not everyone is convinced that digitalisation is going to transform the shipping world beyond all recognition, it seems clear...
Weekly briefing: Container shipping cuts capacity while downward pressure hits tanker rates A collapse in demand for containerised goods has sparked a wave of blanked sailings, while the 23-country Opec-plus alliance's agreement...
Economou eyes scrubber programmes completing in full Forward payments on equipment make installation a 'one-way street' says Greek owner mid-way through retrofitting 100-ship mixed fleet
Marine market risks irrelevance in face of health crisis The issue for insurers is not that coronavirus represents an unprecedented challenge for the marine sector, but the sense there...
Daily Briefing Free to read: Industry alliance seeks political support to defuse seafarer time bomb | PIL denies 'bankruptcy rumours' while defending...
Keppel O&M in research tie-up with Singapore's energy authority Shortlisted candidates will have the opportunity to testbed their solutions through Keppel O&M's Floating Living Lab, an offshore floating testbed...
MSC restores websites and booking systems MSC says customers may continue to use all third-party online booking platforms, in addition to its own e-commerce system
China Merchants Port posts coronavirus hit in first quarter As of March 20, the company's year-to-date container throughput has dropped 5.6% versus the year-ago period
Jaxport eyes diversification to counter falling volumes Supply is increasing in Asia, but the port expects lower throughput in April due to lower US demand resulting from...
'Unprecedented disruption' to supply chain slams US port volumes Ports of Seattle, Tacoma, Los Angeles, Long Beach, Oakland, Houston, Jacksonville and Charleston all report drops in March.
Coronavirus in the Caribbean: Container volumes plunge Pandemic pressures on tourism, oil and textiles squeeze Caribbean cargo demand.
ALAN puts COVID-19 supply chain impacts on the map The Supply Chain Intelligence Center pinpoints trouble spots on the nation's highways and ports to U.S. humanitarian relief providers responding to the health crisis.
MSC container line websites back online after malware outage World's second-largest box carrier resolves its website woes.
US airlines accept government's workforce aid Airlines and employees gave a big sigh of relief when Congress recently passed a major industry bailout, but feelings turned to frustration when the Trump...
Container lines slash even more services to prop up rates Good news for box carriers: Freight rates haven't collapsed. Bad news: Volumes have.
WTI prices slide as US crude stocks see back-to-back record weekly builds NYMEX WTI futures edged lower in morning US trading Wednesday after US Energy Information Administration data showed domestic crude inventories rising steeply last week.
VLSFO cracks hover above record low in NWE amid collapsing demand Northwest European 0.5%S marine fuel cracks have fallen to record lows as falling demand for marine fuel due to the impacts of the coronavirus pandemic has led to an oversupply of product in the region.
EU CO2 emissions fell 8.9% in 2019: initial EC data Carbon dioxide emissions under the EU Emissions Trading System fell by an indicative 8.9% in 2019 from the previous year, according to an analysis of initial figures released by the European Commission Wednesday.
IEA forecasts 620,000 b/d fall in 2020 fuel oil demand With coronavirus weighing on the global economy, the International Energy Agency has forecast a 620,000 b/d drop in residual fuel oil demand in 2020.
Jet demand to crash by 26% in 2020 on coronavirus, gasoline by 11%: IEA Demand for transport fuels such as jet fuel and gasoline in 2020 will dive by 26% and 11% respectively exacerbated by heavy containment measures caused by the coronavirus pandemic, the International Energy Agency said Wednesday.
NYMEX WTI settles at 18-year low after largest-ever US crude build Front-month WTI settled at an 18-year low Wednesday after US Energy Information Administration data showed US crude stocks posted their largest-ever weekly build last week.
Europe gasoil cash prices, cracking margins collapse as virus catches up with market While gasoil demand in Europe has held up better than that of other refined oil products since the outbreak of coronavirus, the European gasoil complex has come under severe pressure this week, with cracking margins in the Amsterdam-Rotterdam-Antwerp hub and cash prices in the Mediterranean hitting their lowest levels on record, a trend sources have attributed to increasingly tepid demand and full storage tanks.
California diesel stocks climb on low demand California diesel stocks grew for the week ended April 10, with CARB diesel stocks seeing a 136,000-barrel build to 2.24 million barrels, California Energy Commission data released Wednesday showed.
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