Great Lakes Dredge books contracts worth $117.8 million Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) today reported the receipt of several major dredging awards totaling $117.8 million. The awarded work includes: Mississippi River, Baton Rouge to Gulf of Mexico, Head
Washington State project aims to speed up development of fast foil ferry A consortium of Washington State players in the blue economy has launched a Joint Innovation Project to speed the design of a fast foil ferry, an innovation that promises a leap forward
Tanker reportedly hijacked off Somalia Maritime security specialist Dryad Global says that reporting suggests that the Panama-flagged chemical vessel Aegean II IMO: 9016911 has been hijacked off the Horn of Africa. If true, this would be the
Seaway pilots take delivery of Gladding-Hearn pilot launch Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass,, has delivered a Chesapeake class pilot boat to the Saint Lawrence Seaway Pilots Association in Cape Vincent, N.Y. The Seaway pilots navigate ships in and out
Mackay Marine preps for sea trials of Canada's third OFSV Canada's third Offshore Fisheries Science Vessel (OFSV), the future CCGS John Cabot, recently launched by Seaspan's Vancouver shipyard, features a broad array of electronics integrated by Thales Canada, whose team includes Mackay
Delivery of E-Motion river cruise ship delayed Germany's A-ROSA Flussschiff GmbH reports that delivery of its innovative new E-Motion river cruise vessel, originally planned for May 2021, has been postponed until March 2022 as a result of disruption to
Ocean Technologies Group names Maarten Van Gool CFO Experienced technology executive Maarten Van Gool has joined Ocean Technologies Group, as Chief Financial Officer. Van Gool's experience in technology businesses spans three decades with blue-chip organizations building strong fiduciary controls and
Norway expels Russian in DNV GL employee spy case Norway's Foreign Ministry on Wednesday expelled a Russian diplomat linked to a case in which an employee of DNV GL was taken into custody by PST, the Norwegian security agency, on August
Malta urged to resolve stuck Maersk tanker with 27 rescued migrants Maersk Tankers has requested the Danish, Maltese and Tunisian governments to quickly find a resolution and disembark 27 migrants stuck...
Iran-UAE vessel seizures likely a 'local dispute', security observers caution Iran seized a UAE vessel on Monday after UAE coast guards shot dead two Iranian fishermen. Security sources said the...
Höegh LNG seeks long-term FSRU contract coverage Höegh LNG says it is looking at long-term contract coverage as demand for gas starts to recover ahead of the...
Navios posts second-quarter loss as dry bulk rates shrink Navios's second quarter of the year financial results revealed a net loss of $35.3m, which was a marginal improvement on...
A total of 14 seafarers missing after ships collide A tanker and a barge collided off China leading to the barge to sink and the vessel to catch fire
US retaliation challenges Hong Kong maritime hub prospects Liner shipping carriers operating on the transpacific trade are said to be among the hardest hit from Washington's move to...
New appointments reveal Ocean Technologies' strategy Ocean Technologies Group chief executive Manish Singh has led several acquisitions and approved three major senior executives in just six...
Saudi Arabia ports prohibit open-loop scrubbers The decision by Saudi Arabia adds to the number of jurisdictions that have prohibited use of the open-loop exhaust gas...
Maersk's strategy U-turn since the 2009 financial crash pays dividends during pandemic crisis Blanked sailings and idle ships are likely to become a feature of container shipping as carriers, such as Maersk, follow...
Yard Talk | Shiprecycling recovery gains momentum Prices in the Indian subcontinent markets have broken into $300 per ldt territory and may even climb to $400 per...
State must help bankroll Greek ferry sector, says analyst Analysts argue that investors and financiers need to act prudently to avoid the immediate collapse of companies, but the only...
A dismal winter forecast for LNG shipping Poten & Partners predicts that LNG shipping rates may peak at less than half of last October's seasonal high, slammed...
Shipmanagers slam Singapore over seafarer repatriation restrictions Shipmanager group InterManager has criticised Singapore for introducing tougher quarantine and immigration policies that it claims prevent most owners and...
US bonds source of liquidity for selected owners Watson Farley & Williams global head of marine Lindsey Keeble and senior capital markets partner Simon Ovenden, and the firm's...
Rising retail sales boost US west coast throughput The increased sales to consumers across the country are boosting business for ports up and down the west coast, but...
Truckers seek $1.8B from ocean carriers for alleged chassis overcharges The American Trucking Associations' Intermodal Motor Carriers Conference seeks to put an end to alleged price manipulation of container chassis usage between ocean carriers and...
TSA names industry members to aviation security committee The Transportation Security Administration doesn't have all the answers for securing airports, passenger flights and air cargo, so it relies on industry advisers. Four new...
FMCSA approves 'performance-based' chassis inspection training The Intermodal Association of North America said the federal agency's signoff allows more efficient training and helps recruit and retain equipment mechanics.
Breaking news: Port of Montreal union will move critical goods Maritime Employers Association announces longshore workers will handle 'controlled substances and COVID-19-related merchandise.'
Bunker prices in the Pacific Northwest hike to July levels on strengthened demand, tight avails Prices for bunker fuels in Vancouver and Seattle rose this week to levels last seen in end-July due to an increased demand coupled with tight supply, according to market sources.
Port of Gothenburg sees H1 container, energy product volumes grow despite COVID-19 The port of Gothenburg, in Sweden, saw energy product volumes in the first half of 2020 rise 22% on the year to 11.8 million mt, with H1 container traffic up 4% year-on-year to 401,000 twenty-foot equivalent units (TEUs), the port authority reported Aug. 20.
OIL FUTURES: Crude oil dips after recovery concerns raised by Fed, OPEC+ Rising US jobless claims and ongoing concerns about a slow economic recovery from the Federal Reserve and OPEC+ helped push crude oil prices down on Aug. 20, even though optimistic views were expressed about stronger oil demand by the end of 2020.
OIL FUTURES: Rising unemployment and coronavirus cases push crude prices down Rising US jobless claims and ongoing concerns about a slow economic recovery from the coronavirus pandemic combined to push crude oil prices down Aug. 20, even though OPEC+ expressed optimism about stronger oil demand by the end of 2020.
OPEC+ data reveals extent of oil quota non-compliance that must be compensated OPEC+ members that exceeded their production quotas will have to cut an extra 2.31 million b/d as compensation by the end of September, the alliance's data shows, keeping a lid on output as compliant members are allowed to ease back from historic output restraints.
September-loading West African crude left unsold as demand wanes West African crude grades have been hit by a fall in demand from key buyers in China and India, and, with interest from refiners in Europe only sluggish at best, a lot of September volumes have been left unsold as the market moves to start trading October cargoes.
Saudi crude exports slump to record low as output hits 17-year low Saudi Arabia's crude oil exports plunged to the lowest on record in June and production fell to the lowest in 17 years as OPEC and its allies continued their campaign to tighten the market.
REFINERY NEWS: Russia's Omsk, Moscow increase diesel output in H1 Russia's Gazprom Neft said that its Omsk and Moscow refineries increased diesel output by 1.6% in the first-half to 4.48 million mt. Gasoline output remained steady at 3.91 million mt, whereas the production of bunker fuel was 8% higher at 1.38 million mt.
JAPAN DATA: June bonded bunker fuel oil sales fall 1.7% on month on weak demand Japan sold 2.5 million barrels of bonded bunker fuel oil in June, down 1.7% from May but up 24.2% from a year ago, the latest Ministry of Economy, Trade and Industry data showed.
Vietnam's July gasoil imports hits over 2-year high on firm demand Vietnam's gasoil imports jumped to more than a two-year high in July, as the country's requirements for the middle distillate product remained firm amid an early loosening of coronavirus-related restrictions.
Bangladesh to trim Sep HSFO imports on weaker demand, lower-priced stocks Bangladesh, one of the major buyers of high sulfur fuel oil from Singapore, plans to trim its September imports by about 7% from August, with importers expecting weaker demand and eyeing low-priced stocks purchased earlier, the president of Bangladesh Independent Power Producers Association said Aug. 18.
Panamax/Kamsarmax market regains strength in ECSA despite seasonal norms Increasing Chinese demand has supported Panamax/Kamsarmax freight rates in east coast South America despite seasonal harvest changes in the region, according to sources Aug. 20.
Singapore 180 CST HSFO cash differential jumps to 6-month high on tight supply The Singapore 180 CST high sulfur fuel oil cash differential over swaps values jumped to a six-month high on Aug. 19 due to supply tightness in the region, led by strong demand from the US and straight-run fuel oil requirements from Asian refiners.
China Aviation Oil denies allegations of 'fraud' in gasoil cargo trade Singapore-listed China Aviation Oil, Asia's biggest jet fuel trading house, has denied allegations of "fraudulent" trade of a gasoil cargo made by Swiss bank BCP and the company said in a statement Aug. 20 that it intends to defend itself against the bank's legal and financial claims.
Listen: Jet fuel rises above coronavirus with a new, greener assessment
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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