Bonhomme Richard: All known fires extinguished Rear Admiral Philip E. Sobeck, Commander, Expeditionary Strike Group Three, today released the following statement: After four days of firefighting, all known fires have been extinguished aboard USS Bonhomme Richard (LHD 6).
300,000 seafarers still trapped on ships by crew change crisis A global summit hosted by the U.K. Government on July 9, 2020, on the impact of COVID-19 on crew changes may have gotten some headlines, but so far doesn't seem to have
BEATING COVID-19: GOING REMOTE When the De Hoop Shipyard in Lobith, Netherlands, took its latest newbuild on sea trials off Rotterdam in May, it notched up an unintended "world's first." The ship that the yard was
VIDEO: Holland Shipyards Group delivers hybrid ferry Hardinxveld-Giessendam, Netherlands, based Holland Shipyards Group has handed over a hybrid ferry to Schlepp- und Fährgesellschaft Kiel (SFK) in Germany. Named Gaarden, the vessel will operate as a bicycle and foot ferry
Detyens Shipyards awarded USNS McClean contract Detyens Shipyards Inc., Charleston, S.C., has won a Military Sealift Command contract for the drydocking of the dry cargo/ammunition ship USNS William McLean (T-AKE-12), beating out two competitors. The contract has a
After short evacuation, firefighters return to Bonhomme Richard UPDATE: Navy now reports all known fires extinguished. As of 6:00 a.m. Pacific time July 16, firefighting teams were back on board USS Bonhomme Richard (LHD 6) continuing operations. At 2.30 a.m.,
Norwegian bulker will lead a double life after modernization The Kryssholm, a 2011-built bulker that is currently considered the world's largest fish feed vessel, will soon be able to take on new assignments following conversion to battery hybrid operation and a
Bisso Towboat back at Main Iron Works for further ASD tractor tug Bisso Towboat Company Inc., Luling, La., has signed an agreement with Main Iron Works LLC, Houma, La., to begin construction of another new 6,008 BHP Tier 4 compliant, USCG-inspected ASD tractor tug.
Crew crisis: China-bound bulk carriers divert to Philippines Efforts made in the Philippines to open a travel corridor for seafarers is fast luring in business as shipmanagers target...
GasLog agrees $1.1bn refinancing arrangement New loans show group's strength and scale at a time of uncertainty in financial markets, says chairman Peter G. Livanos
US west coast box port figures show weak rebound High freight rates on the transpacific hide the fact that US imported volumes remain down sharply. Any hopes of a...
Anglo cuts coal-export volumes guidance First-half coal volumes from South Africa and Colombia dropped sharply, says Anglo
Kyriacou joins Erma First as chief technical officer Stelios Kyriacou says his role will be in the development of new products so as to expand the company's portfolio...
Ship carbon recycling initiative launched in Japan MOL says the working group wants to reduce greenhouse gas emissions to zero in sea transportation
Cosco Shipping unit boosted by tanker frenzy Cosco Shipping Energy Transportation's live LNG carrier fleet increased to 36 as of end-June
Surge in piracy and robbery in Asian waters The increase in incidents occurred in Bangladesh, India, Indonesia, the Philippines, Vietnam, the South China Sea and the Singapore Strait
Hin Leong owners sell repossessed vessel The buyer of the tanker says it has carried out due diligence on the transaction to mitigate the risk of...
Shipping makes a foray into live streaming The question is how much value live streaming has in shipping if it cannot be used as a direct channel...
Shipowners' liability to continue even after scrap sale The decision potentially has far-reaching implications for the shipping industry, argue lawyers at Watson Farley & Williams
Sembmarine losses widen on pandemic disruptions The management has taken pay cuts, ranging from 5% to 15%, led by chief executive Wong Weng Sun, who has...
Castor Maritime raises funds for expansion The company's acquisition strategy focuses on panamaxes, but other types of tonnage are not ruled out
Australia revives stalled box terminal project A Federal Court of Australia trial between rival operator NSW Ports and Australia's competition watchdog is set for October
MISC enters ethane carrier market with six-vessel deal in China The deal marks the Malaysian energy logistics player's entry into the niche large ethane carrier market, making it one of...
GasLog and its MLP refinance group debt with $1bn in loans The new credit facilities will create additional liquidity for New York-listed GasLog and GasLog Partners
Carnival confirms sale of four Holland America ships TradeWinds has reported that two of the vessels are going to Fred Olsen Cruise Lines
GMS predicts more vessel scrapping in 2020 despite touch operating environment Annual demolition volume set to rise as owners want to scrap old tonnage during the Covid-19 crisis
Carnival delays newbuildings amid older vessel sell-off New York-listed owner pushes back arrivals on number of ships while selling older tonnage
Tsakos expects tanker recovery for second half of 2020 Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter
Pilot LNG unveils bunkering port planned for Galveston, Texas Former Excelerate Energy co-founder and Flex LNG CEO Jonathan Cook emerges with a new FLNG-based fuelling venture
ITF claims 300,000 seafarers face 'financial ruin' Seafarers' union also reviewing its options if governments fail to act on worsening crew crisis
Celestyal Cruises buys ship from Carnival's Costa fleet
Cochin Shipyard to build autonomous ships for Norway's ASKO Indian yard clinches contract for unmanned cargo vessels to be managed by Kongsberg and Wilhelmsen joint venture
All-Greek deal underscores fall in secondhand VLCC prices Vanda Marine's modern tonnage Hra is sold to expansion-minded Eurotankers for $48m
Kumiai Navigation returns to Kawasaki Heavy for dual-fuel VLGC order Pandemic is not stopping shipowner from investing in next generation of vessels
Fearnleys opens new dry bulk-focused office in Sweden Norwegian headquartered broker moves to expand its Scandinavian reach
Pareto Bank avoids direct impairment hits from pandemic Niche Norwegian lender says effects of virus on shipping book limited, but uncertainty remains
Fearnley opens new dry bulk-focused office in Sweden Norwegian headquartered broker moves to expand its Scandinavian reach
West of England completes acquisition of Nordic Marine stake New partnership will bring the fast-expanding mutual insurer into the delay insurance market
Crew kidnapping surges in West Africa as IMB reports more piracy incidents Interim report from International Chamber of Commerce piracy reporting centre shows a gloomy picture for maritime safety during the coronavirus pandemic
Portline sells oldest bulkers in fleet renewal bid
Hapag-Lloyd beats consensus by 25% after strong second quarter German container line makes more money than in the first three months despite western coronavirus lockdowns
Are tired crews more vulnerable to piracy attempts? Asian piracy watchdog concerned that seafarer fatigue may be a factor in the growing number of attacks in the world's busiest waterway
Former Heidmar pool Seawolf Tankers chases charterer for unpaid $13m Laurel Shipping allegedly ignored four bills from the tanker pool
De Beers defends mining record as it presses on with $468m diamond ship London-headquartered group distances itself from what scientists believe are the irreversible environmental consequences of deepsea mining operations
UK navy criticised after Stena ferry narrowly missed submarine Country's chief inspector of marine accidents calls for review after third incident in recent years
Belgian police reveal another case of cocaine cached in bulker cargo Smugglers arrested in Ghent after Ultrabulk ship intercepted with Colombian drugs
Ocean Tankers-linked vessel sold amid complicated effort to offload fleet Issues around Xihe Group make it difficult to sell its ships, with one said to have gone to a Russian buyer
Missing suezmax Gulf Sky located in Iran after 'hijacking' Saga takes another twist as flag state says Indian crew being repatriated after mysterious voyage from UAE
Doriko offloads handysize bulker trio to Vietnamese buyer Vietnamese owner reportedly acquires three of South Korean operators' handysize vessels
Japan maritime companies launch carbon recycling initiative MOL and Japanese shipbuilders look to create bunker fuel from the conversion of CO2
EU halts Hyundai-DMSE merger probe for third time Antitrust watchdog investigation left in the lurch by third adjournment in eight months
MISC breaks into VLECs with 'new China alliance' Malaysian shipowner will be the third outfit to take ownership of the 98,000-cbm VLEC newbuildings
Sembcorp Marine CEO takes 50% pay cut as group posts $138m loss Singapore yard says no new orders have been secured, but that none have been cancelled either
MISC in $726m ethane carrier sale and charter back deal Malaysian gas giant teams up with China's Zhejiang Satellite Petrochemical in six ship deal
EU halts Hyundai-Daewoo merger probe for third time Antitrust watchdog investigation left in the lurch by third adjournment in eight months
Carnival takes out $1.3bn more in high-priced loans Company is offloading assets as it tries to stay afloat
Deep distress: Fred Olsen swoops for two Carnival ships funded by seller's finance Norwegian owner in $37m deal to buy two Holland America Line ships that will lift its capacity by over 70%
Seroka working to stem tide of market share loss Total number of TEUs moved in June down 17.1% year-over-year.
Sky-high ocean shipping rates may have finally peaked U.S. shippers importing cargo from Asia are getting some price relief.
FMC examines COVID-19 impacts on New York/New Jersey ports The U.S. Federal Maritime Commission enters "phase two" of its fact-finding investigation into COVID-19 impacts on container shipping in the Port of New York and...
Tradeshift: 'Green shoots' of economic recovery emerging Transaction volumes in China surged by an incredible 430% when factories reopened at the end of February.
American Airlines, JetBlue form codeshare alliance to accelerate pandemic recovery American Airlines and JetBlue plan to enter a strategic partnership to drive more passengers to their respective networks as they struggle with the economic fallout...
HONG KONG DATA: May fuel oil imports rise 59.4% on month at 5.32 mil barrels Hong Kong imported 846,491 kiloliters, or 5.32 million barrels, of fuel oil in May, up 59.4% from April and up 2.5 times year on year, data released July 15 by Hong Kong's Census and Statistics Department showed.
New claims of VLSFO, black carbon emissions questionable: IBIA The International Bunker Industry Association has questioned claims in a recent article stating that paraffinic hydrocarbons in very low sulfur fuel oil, or VLSFO, are to blame for black carbon emissions.
China's Dagang Petrochemical expands marine fuel production capacity to 1 mil mt/year China's Dagang Petrochemical, a subsidiary of PetroChina, has completed an expansion project which raises its marine fuel production capacity to 1 million mt/year from 600,000 mt/year, the company said on WeChat July 15.
Taiwan's Formosa likely to sell HSFO after fire shuts Mailiao RDS unit, but market impact seen minimal Taiwan's Formosa is likely to have high sulfur fuel oil cargoes to export after a fire at the 82,000 b/d No. 2 residue desulfurization unit at its 540,000 b/d Mailiao refinery, a company source said July 16.
Japanese steelmakers seek to invent CO2-to-marine fuel technology Japan's JFE Corp. and Nippon Steel have joined a nine-member domestic group to recycle carbon dioxide into synthetic methane to power ships, the two steelmakers said July 16.
Bunker volume at Fujairah falls to lowest since November 2019 Bunker volume at the Port of Fujairah in June dropped 9.9% from a year earlier, hitting the lowest so far this year, according to a report seen by S&P Global Platts.
Japanese firms explore methanation technology for GHG emission cuts in shipping The companies "plan to assume carbon recycling supply chain of methanation fuel that involves the supply of feedstock CO2, transportation of the feedstock, methanation, and conversion into marine fuel," the statement said.
Saudi exports plunge to nine-year low as OPEC+ cuts begin Saudi Arabia's crude oil exports plunged to a nine-year low in May as OPEC+ producers began a round of massive output cuts to rebalance the oil market hit by the COVID-19 pandemic.
Shanghai Q3 Marine Fuel 0.5%S bunker values inked at parity to $10/mt premium Term contracts for the supply of marine fuel 0.5%S bunker at the port of Shanghai for the third-quarter have been concluded at between parity and a $10/mt premium to the Mean of Platts Singapore Gasoil 10ppm assessments, market sources said.
OIL FUTURES: Crude eases as market eyes rising global supply, uncertain demand outlooks Crude prices edged lower July 16 amid rising global supply outlooks and concerns that rising coronavirus cases could weigh on demand recovery.
Buckeye starts crude exports from Corpus Christi's South Texas Gateway terminal While US crude exports have slipped amid the coronavirus pandemic, the Port of Corpus Christi became the nation's top crude-exporting hub late last year.
External: Global Risk Management
Genoa's Fratelli Cosulich targets bunker fleet expansion in Singapore "We feel it is important to be able to seize opportunities when they present," Cosulich said.
Platts invites feedback on global bunker methodology Please send all comments, feedback and questions to oilgroup@spglobal.com and pricegroup@spglobal.com.
Platts proposes to discontinue several Asian, Middle East high sulfur bunker assessments Platts proposes to discontinue delivered 380 CST and 180 CST bunker assessments at Mumbai, Colombo, Kuwait and Khor Fakkan, and 380 CST and 180 CST bunker assessments at Melbourne and Sydney, respectively.
Prime Lake Technology eyes open-loop scrubber waste treatment sea trials in Q3 "For the upcoming seaborne trials we are targeting late Q3 (possibly early Q4 subject to the COVID-19 situation)," the spokesman said.
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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