Secretary of Defense says more about plans for future Navy For months now there have been indications that a major rethink of the Navy's future fleet priorities has been underway - and that it could have far reaching implications for shipbuilders. Yesterday
Schottel to open new service center in Russia Propulsion specialist Schottel, Spay, Germany, reports that its board has approved the acquisition of a 3,000-square-meter site in Saint Petersburg, Russia. It will be used to build a new service center for
ABS to class four 98,000-cubic-meter Very Large Ethane Carriers Four new 98,000-cubic-meter Very Large Ethane Carriers (VLECs) ordered by China's Zhejiang Satellite Petrochemical (STL) are to be built to ABS class. The ethane-fueled VLECs are part of a Phase-2 order from
NTSB opens public docket on fatal Conception dive boat fire The National Transportation Safety Board (NTSB) opened the public case docket Wednesday as part of its ongoing investigation of the fatal, September 2, 2019, fire aboard the dive boat Conception off Santa
VIDEO: Damen Galati launches aggregates dredge for Hansen Damen Shipyards Group's Galati, Romania, shipyard has launched a Marine Aggregate Dredge (MAD) 3500 at its Galati yard in Romania. Damen is building the MAD for U.K.-based Hanson Marine. The company will
European Parliament votes to include shipping in Emissions Trading System The European Parliament has voted to include CO2 emissions from the shipping sector in the EU Emissions Trading System (ETS). The Parliament also wants to see an Ocean Fund set up to
Corvus picked to supply battery systems for Amsterdam's new all-electric ferries Holland Ship Electric has selected Corvus Energy to supply lithium ion battery-based energy storage systems (ESS) for the five new all-electric ferries being built by Holland Shipyard Group for Amsterdam's municipal public
Refinery profits for transport fuels at 16-year low Much-anticipated fresh lockdowns on key global economies will further depress the market for global diesel and gasoil exports. Shipments of...
Eastern Pacific's ship revamp shows future of crew welfare Eastern Pacific Shipping has taken delivery of the first of its box newbuilds boasting modern, colourful crew quarters, gyms and...
Dual fuel hydrogen-powered engine revealed The shipping company and the engine provider have been developing the new product for the past three years. Running hydrogen...
Offshore energy premium volumes still falling but prices set to harden Premiums in the offshore energy insurance sector are still falling, and expected to shrink further as the line feels a...
Managing maritime risk: Sanctions compliance and detection Lloyd's List and industry experts discuss the updated US Office of Foreign Assets Control sanctions guidance and how any organisation...
Gabon de-flags more Iran-linked tankers Tankers form part of 'flag-hopping' subterfuge fleet of some 120 ships identified by Lloyd's List using sanctions-evading strategies to keep...
Tanker sector flags 'serious consequences' of EU's emission plan Ships engaged in long voyages would be hit disproportionately hard, says Intertanko
Service differentiation could ease rates pressure Transpacific rate records have been driven by 'genuine surge in demand' as capacity increased
Hutchison Ports names ex-UK transport secretary Grayling as adviser Grayling will earn £100,000 as a strategic adviser to Hutchison Ports Europe, which operates the UK's largest container port Felixstowe...
Communication is key to resolving crew crisis Shipping has been working to get thousands of seafarers home not because of a legal obligation but because it is...
Daily Briefing Free to read: EU's carbon market plan for shipping faces industry backlash| Decarbonisation needs global rules, says Greek shipping minister...
Sri Lanka seeks damages from New Diamond owner The Sri Lankan Attorney General's office believes there are sufficient grounds to bring charges against the master of New Diamond...
Diana sells 14-year-old panamax The US-listed bulk carrier owner has been clearing out middle-aged and older panamaxes from its fleet, having divested six vessels...
Ports spared as Hurricane Sally batters US Gulf coast The US National Hurricane Centre said the centre of Sally will move across southeastern Alabama on Wednesday night, over central...
DP World agrees partnership to develop Israeli ports DP World and Israeli group DoverTower want to explore the idea of developing Israeli ports and free zones. There is...
New expert witness group seeks to deepen pool in Singapore The Asia Pacific Institute of Experts is a Singapore-based registered society. It wants to spearhead the development of professional expertise...
Cargo safely secured? Check Campaign to end cargo-related accidents continues with flow of information in multiple languages.
Red-hot ocean rates could spark government intervention China could decide enough is enough if trans-Pacific rates rise too high.
How automation can transform the logistics of shipping perishable goods (with video) Automated freight forwarding can transform the international shipment of perishable goods by bringing efficiency and transparency, Transship CEO says at American Shipper's Global Trade Tech...
COVID-19's opportunity for global supply chains (with video) Rosenthal predicts Internet-based distribution to jump as high as 50%.
COVID will have lasting effects on employment litigation (with video) The pandemic is forcing companies to innovate and adapt to laws and regulations to protect employees, attorney Gerald Maatman Jr. says during the American Shipper...
China imports soar, up almost 90% year-over-year (with video) "China and tariffs: Why COVID has actually increased cargo yields" was the topic of a virtual fireside chat at the American Shipper Global Trade Tech...
Ryder CTO looking for next great technology (with video) Ryder System's chief technology officer tells American Shipper's Global Trade Tech Summit that the time is right to explore future supply chain technologies.
Data and IoT behind venture capital in the supply chain (with video) Technology and an abundance of data have brought more venture capital investors to the supply chain industry.
COVID-19 should spur discussions about visibility, execution platforms - Blume Global CEO (with video) The unprecedented supply and demand shocks caused by the COVID-19 pandemic will lead to a focus on resilience, the development of regional supply chains, and...
More than 30% of US Gulf offshore oil still offline after Hurricane Sally More than 30% of US Gulf of Mexico offshore oil and 25% of natural gas output remained offline Sept. 17 after Hurricane Sally made landfall the day prior, according to the US Bureau of Safety and Environmental Enforcement.
INTERVIEW: Iraq aims to boost refining capacity by a third by Q1 2022: deputy minister Iraq is forging ahead with plans to boost its refining capacity by about a third by the first quarter of 2022 to reduce its dependence on imported gasoline and gas oil, deputy oil minister Hamed al-Zobai has said.
OIL FUTURES: Oil climbs as market eyes tightened OPEC+ compliance Oil prices settled higher Sept. 17 as the market eyed a tightened supply picture after Saudi Arabia pressured OPEC+ compliance laggards to reduce output.
Singapore 10ppm gasoil-Fujairah Marine Fuel 0.5%S spread at 5-month low on firm demand, low stocks The physical spread between FOB Singapore 10 ppm gasoil assessments and the FOB Fujairah Marine Fuel 0.5%S assessments has narrowed to its lowest in five months at $25.87/mt on Sept. 16, Platts data showed, on tight supply and a recovery in bunker fuel demand in the Middle East.
Singapore gasoil crack swap slumps to 4-month low on clouded outlook The front-month Singapore 10 ppm sulfur gasoil swap spread against the Dubai crude swap fell to a four-month low at the Asian close on Sept. 16, as the demand readings for regional gasoil consumption patterns remained poor.
NWE gasoil, ULSD cracks at multi-year lows point to refinery run cuts Northwest European cracking margins for 0.1% gasoil and ultra low sulfur diesel have hit long-term lows, which has led to expectations that refineries across Europe will start cutting runs, sources said.
South Korean S-Oil sells LSFO after RFCC shuts: sources South Korean refiner S-Oil has sold 50,000-80,000 mt of low sulfur fuel oil cargo to a major oil company for mid-September loading, after the refiner shut its 76,200 b/d residue fluid catalytic cracker earlier September, market sources said Sept. 17.
Tight supply lifts Japan marine fuel 0.5%S differential to 5-month high Tight supply for marine fuel 0.5%S deliverable at Tokyo Bay has pushed its differential against benchmark FOB Singapore 10 ppm sulfur gasoil cargo assessments to a five-month high of $13.88/mt on Sept. 16, S&P Global Platts data showed.
Methanol may be gaining traction as alternative shipping fuel; in competition with LNG Producers hope methanol will carve out a sizable niche in the marine fuels market, assuming the International Maritime Organization in November formally approves its use.
DIRTY TANKER QUARTERLY: Americas Q4 freight growth limited by crude demand concerns Muted dirty tanker demand heading into the fourth quarter of 2020 is expected to limit typical seasonal freight growth seen in Q4 of past years as oversupply from both the crude and tonnage perspectives, as well as an uncertain demand environment amid the coronavirus outbreak, continue to hold rates at yearly lows.
S Korea high sulfur bunker fuel premiums plunge to 2-year low on muted demand The South Korea delivered 380 CST high sulfur bunker fuel premium to Mean of Platts Singapore high sulfur fuel oil cargo assessments plunged 66% or $40.09/mt week on week to a two-year low of $21.05/mt on Sept. 17, S&P Global Platts data showed, amid a slowdown in demand and rise in supply.
INTERVIEW: Oil crisis has created new market dynamics, says Euronav CEO The coronavirus pandemic has led to a shift in the tanker sector's supply-and-demand dynamics, with the floating storage bonanza that caused freight rates to spike higher set to provide three bumper quarters in 2020, according to Hugo De Stoop, CEO of Euronav, one of the largest global tanker operators.
APPEC: Bunker industry's smooth transition to IMO 2020 paves way for decarbonization The global bunker industry's smooth transition into the low-sulfur era mandated by the International Maritime Organization has sent a strong signal to the sector it can achieve its next goal of decarbonization equally free of hurdles, industry sources said.
TRADER NOTE: Monjasa announces new bunker traders Bunker supplier and trader Monjasa Sept. 17 announced 10 new trainee traders across different offices.
LNG tanker queues develop on USGC as exporters ramp up production LNG tanker queues have begun to form on the US Gulf Coast this week, as three of the US'major export facilities began ramping up production on improved export economics.
Decarbonization a top priority for shipping in Singapore: transport minister Singapore remains committed to decarbonizing the transport sector including the maritime industry, with the development of sustainable port infrastructure at Tuas Port heralding another step in this direction, Minister for Transport Singapore, Ong Ye Kung, said on Sept. 17.
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