Two major international players gain Singapore bunker supplier licenses The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licenses to Minerva Bunkering and TFG Marine, following its call for applications for new licenses in December 2019.
W&O receives Austal USA Supplier Innovation Award W&O Supply has been recognized as the recipient of shipbuilder Austal USA's 2020 Supplier Innovation Award. The award was announced at Austal's Supplier Day which took place last month in Mobile, Ala.
BMT launches Pentamaran hull form for autonomous operations Teddington, U.K., headquartered BMT has released details of its next-generation Pentamaran platform, designed to meet the specific challenges of long range autonomous operations The Pentamaran has been designed to reduce drag as
ABS can now offer majority of annual surveys remotely Classification society ABS is now able to conduct almost all classification annual surveys remotely on eligible vessels. Launching 10 additional remote survey options today, ABS offers a total of 28 surveys and
Wärtsilä CEO says Marine Biz revamp central to capturing future growth Wärtsilä Corporation President and CEO Jaakko Eskola says that though adjustments to the company's cost base are "essential," it must also secure its ability to capture future growth opportunities, with reorganization of
Med Marine holds keel laying ceremony for Svitzer icebreaking tugs Turkish shipbuilder Med Marine held a keel-laying ceremony at its Eregli Shipyard April 16 for two icebreaking tugboats (hull numbers ER84 & ER85) under construction for Maersk group towing specialist Svitzer. The
Bio-UV Group adapts BWTS technology to kill coronavirus on surfaces France's Bio-UV Group is planning to launch a surface disinfection system capable of killing the coronavirus by the end of May. It will use the same ultra-violet light technology used by the
Floating storage profits surge as oil price collapse widens contango Demand for very large crude carriers and suezmax tankers for floating storage has been long hyped since the coronavirus-led contraction...
IACS members agree to share surveyors This is the first time that a single event has necessitated the move
Shipowners' Club braces members for harder rates Chief executive Simon Swallow expects higher rates, but promises that the mutual will only ever ask for what it needs
Yard Talk | Ship repairers in virus gloom The coronavirus thunderbolt and oil war hit Chinese repair yards just after they had their best year more than a...
Wärtsilä chief warns of 'weakened demand outlook' in 2020 Coronavirus restrictions are easing in China and, at a very early stage, in Italy. That has allowed the business to...
Eni extends Knot shuttle tanker charter Knot Offshore Partners also said that former NYK general manager Junya Omoto has replaced Takuji Banno on its board of...
BHP expects double-digit steel contraction Global mining giant puts its Cerrejon coal operations in Colombia into temporary care and maintenance
White knights line up for troubled Hin Leong and Ocean Tankers Temasek, Sinopec and China Aviation Oil along with a major trading house are said to have tried to reach out...
With demand falling, who will pay the ferryman? Coronavirus threatens survival of vital trade route into the UK
ONE chief warns of 'rough seas ahead' ONE chief executive calls for trade and supply chains to stay open with minimal restrictions
US-bound Saudi crude armada adds to oil price woes Tankers are a legacy of Saudi Arabia's now derailed March pledge to flood the world with crude
Daily Briefing Free to read: Consolidation pays off for carriers during crisis | ONE volumes point to tough first quarter for container...
Gearbulk renegotiates long-term charter rates with Japanese owners The shipowner says the charter contracts made in earlier years are based on newbuilding prices and rates that are no...
Mercuria and Trafigura units awarded Singapore bunker supplier licences The latest entrants brings the total number of MPA-licensed bunker suppliers in the Port of Singapore to 45
Airline workers call for more COVID-19 protections The airline industry is considered essential to keeping the creaky economy going, but pilots, flight attendants and ground workers don't always feel they are treated...
US import plunge inevitable as canceled sailings mount Here it comes: Ports will soon feel full force of canceled box-ship sailings.
Crowley upgrades refrigerated box fleet The Jacksonville, Florida-based ocean carrier finds continued demand for reefers among Central American and Caribbean fruit and produce shippers.
Colombian authorities investigate ship captain's death Some reports say crew killed Spirit of Hamburg mariner, while others point to an intruder.
Storage firm Vopak looks to Q2 for benefits from oil contango Activities picked up significantly in March and that will show in the results going forward, Paulides said.
VLGC rates rebound to one-month high; set to rise further on Western activity With the open arbitrage to Asia due to demand recovery in India, Indonesia and China, trade sources estimate some 2 million mt due for May arrival, steady to April.
FEATURE: Laden MR tonnage builds up in Mexico on discharge delays, ups freight rates "There is basically no discharge in East Coast Mexico. It's not weather related," a shipowner said.
Fujairah bunker traders feel ripple effect of crude price collapse Bunker traders noted a steep decline in VLSFO prices Tuesday trading in Fujairah, with trades heard below $180/mt.
Americas tanker freight climbs on depressed crude price dynamics "With TD3C (270,000 mt Persian Gulf-China route) where it is, owners can do whatever they like," a shipbroker said.
Singapore police investigate Hin Leong amid claims of financial misconduct Hin Leong Trading's liabilities exceeded its assets by $3.336 billion as of April 9.
Singapore marine fuel market garners support on Hin Leong debacle Cancellations by OBS had led to an increase in bunker inquiries in the spot market since last week, suppliers and traders said.
China's new crude import quota allocation gives flexibility to refiners "The recent allocation gives more feasibility to the quota holders for crude shopping," a Beijing-based source said.
External: Global Risk Management
Middle East fuel oil traders' views mixed on Hin Leong impact on Fujairah "Hin Leong...has changed things in Singapore and that will have an impact here," a Fujairah-based oil trader said.
Rotterdam VLSFO bunker premium narrows to 7-month low The bunker premium at Rotterdam has fallen steadily since February.
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