Austal USA awarded $50 million DPA Title III agreement As part of the national response to COVID-19, the Department of Defense (DoD) has entered into a $50 million Defense Production Act Title III agreement with shipbuilder Austal USA, Mobile. Ala. The
Alabama Shipyard wins $23.7 million MSC contract Alabama Shipyard LLC, Mobile, Ala., has been awarded a $23,752,381, firm-fixed-price contract for a 96-calendar day shipyard availability for the regular overhaul and drydocking of the Military Sealift Command fast combat support
Schottel launches retractable version of its rim thruster The newly developed Schottel Retractable Rim Thruster (SRT-R) covers the power range up to 500 kW, offering many advantages, such as low noise emissions and tailor-made solutions for a wide range of
SCA elects new leadership Ben Bordelon, president and CEO of Bollinger Shipyards, Lockport, La., has become the new Chairman of the Shipbuilders Council of America (SCA), succeeding Terry O'Brien of Austal USA, Mobile, Ala. The new
Alaska Marine Lines purchases two big barges from Sause Alaska Marine Lines reports that it has expanded its fleet with the purchase of two cargo barges, the Kamakani and Namakani, from Oregon based Sause Bros. Sause terminated its Hawaii service in
Bunker price spread keeps scrubber economics unfavourable The difference in price between high-sulphur fuel oil and the compliant 0.5% sulphur fuel oil is weakening the economic argument...
Panama's green light for extended tours draws criticism 'Port state control should immediately target all Panamanian ships and detain for breaches of the Maritime Labour Convention. This is...
From the News Desk: LNG tanker market hit by demand disruption LNG demand has been more resilient than other energy commodities, such as oil or coal, during the coronavirus pandemic, but...
Dry freight derivative volumes at 12-year high Paper volumes are trading at levels last seen during the collapse of Lehman Brothers as volatility in the physical market...
Hin Leong owners seek to safeguard tankers from insolvency The Lim family may face contests in their effort to shield certain shipping tonnage from the financial damage spilling over...
Petrofin: Health crisis continues to impact ship finance Survey shows that prior to pandemic, the fall in bank lending to Greek shipping had been arrested, with Credit Suisse...
Costamare completes $435m debt refinancing New loan deals worth $140m conclude refinancing programme that started earlier this year
Cargo market introduces modern slavery clause Slavery 'is real and present in all societies and we want to do our part to root it out,' says...
China halts US poultry imports after health scare The discoveries coincide with China's recently announced plans to test imported meat for coronavirus and to block chicken imports from...
MOL to cut 40 vessels from fleet to reduce costs MOL will expand its liquefied natural gas business to include floating storage and regasification units, LNG-to-power ships as well greater...
Russian reefer arrives in Busan with coronavirus cases on board The reefer vessel arrived at Busan's Gamcheon port from Vladivostok on Sunday. The crew were all tested after the captain...
Daily Briefing Free to read: Domestic logjams are main barrier in crew-change problem | Why shipping needs to shout louder about the...
Hong Kong's Tung family invests in GasLog The Tungs participated in the recent $36m private share offering by the US-listed LNG carrier owner
Singamas sells more assets amid bad debts and losses The subsidiary, Tianjin Pacific Container Co, produced both dry and specialised containers and had been in the red for two...
FourKites gives logistics aid organization a communications boost The American Logistics Aid Network says partnership with supply chain visibility platform facilitates contact between disaster relief organizations and ready-to-serve shippers, carriers and warehouses.
Triton aids Doctors Without Borders with branded reefer containers Maersk Container Industries donated services to apply artwork showcasing lifesaving work.
Supply chain's response to pandemic dominates annual 'State of Logistics Report' The annual "State of Logistics Report" by the Council of Supply Chain Management Professionals finds a damaged but resilient industry in the wake of the...
DHL adds flight from LA to UK hub DHL Express continues to adjust its airline network amid changing shipper needs in the COVID era.
'The whole world is watching' If all goes well, scientists will defy the longest of odds and bring to market a vaccine, or multiple vaccines, to defeat the novel coronavirus...
August cargo cancellations at US LNG terminals push summer total over 100 More than 40 LNG cargoes scheduled to be loaded in August at US export terminals were said to have been canceled by customers - similar to what was reported for July, market sources said.
NWE diesel paper at 13-week high on limited resupply, closed arb Northwest European 10 ppm diesel paper values have risen to a 13-week high on limited resupply due to refinery run cuts, a closed East/West arbitrage as well as a closing US arbitrage, but demand continues to lag despite the lifting of lockdowns in most European countries, sources said.
Crude climbs amid tightened supply and demand outlooks Crude futures edged higher June 22 as the market weighed a tightening global supply picture against uncertain demand outlooks amid a spike in COVID-19 cases around the world.
New York jet fuel faces supply-demand mismatch as outright prices surge East Coast jet fuel prices jumped to their highest level since early March June 23, as flights resumed operations, but a rare, lengthy premium for Colonial Pipeline barrels over Buckeye Pipeline showed a supply-demand mismatch has yet to be worked out.
Higher Brent crude prices squeezing refiners' margins: sources Higher Brent crude prices are leading to difficulties for refiners, as margins are being squeezed despite a marginal pick-up in end-user demand for oil products, market participants said.
Global carbon emissions from energy to plateau this decade: S&P Global Platts Analytics Global CO2 emissions from energy consumption are expected to hit a plateau this decade before starting to decline after 2035, according to S&P Global Platts Analytics Scenario Planning Service.
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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