Metal Shark enters the expedition yacht market Jeanerette, La, based shipbuilder Metal Shark has introduced a 48-meter (158 foot) aluminum catamaran expedition yacht. The new Metal Shark M48, named Magnet, is the is the first-ever private recreational yacht built
MetalCraft Marine delivers high performance patrol RIB duo MetalCraft Marine reports that its U.S. yard in Watertown, N.Y., has just delivered two of its 34 foot high performance patrol RIBs to the Mississippi Department of Natural Resources Police. The boats
Coast Guard cutter crew battles shipboard fire The U.S. Coast Guard Cutter Waesche (WMSL 751) arrived at Yokosuka, Japan, today after combating a shipboard engineering fire on September 20, during a scheduled deployment to the U.S. 7th Fleet's area
Damen makes another rapid ASD tug delivery On September 20, Damen Shipyards Group delivered an ASD tug 2810 to Thomas Services Maritimes (TSM) in France. TSM was looking for a proven vessel and design, 60 tons bollard pull, with
New P&O Ferries double-enders will feature fuel saving ABB solutions ABB has won a contract from Guangzhou Shipyard International Ltd., China, covering the supply of a full scope of integrated solutions for two new vessels the yard is building for Dover, U.K.,
Shoreside power banks for electric vessels could use recycled batteries Sweden's Stena Group, whose operations include Stena Rederi and Stena Line, is taking the next step in shipping electrification: the development of a new type of shoreside energy storage, similar to very
HII breaks ground for Unmanned Systems Center of Excellence America's largest military shipbuilder is gearing up for the U.S. Navy's plans for a future fleet mix that will include many more unmanned vessels, both on the water and beneath it. Huntington
USCG exercises $222 million four-ship FRC contract option at Bollinger The U.S. Coast Guard has exercised a contract option, worth just over $222 million, for production of four more Sentinel-class fast response cutters (FRCs) and associated deliverables with Bollinger Shipyards of Lockport,
Is anyone listening to the World Maritime Day sermon? Too often shipping remains out of sight, out of mind and in the shadows, while we impotently bemoan this sea...
EU proposes asylum plan for migrants rescued at sea Plan includes a 'solidarity mechanism' that will cover disembarkation, but Ecsa says ships need reassurance that pre-screening of migrants mentioned...
Shipping still major polluter but getting greener, Berglund says There are many candidates to replace bunkers, including biofuels, hydrogen, methane, ammonia and batteries, but all have pros and cons...
TEN posts record second-quarter profit New York Stock Exchange-listed tanker owner reports second-quarter net income of $49.6m, compared with a $300,000 profit in the year-earlier...
Will pandemic lead to a maritime crime spike? Impoverished coastal communities and stranded seafarers are easy marks for malefactors, International Union of Marine Insurance hears
Euronav eyes consolidation in response to peak oil demand Peak oil demand may have passed or may be arriving soon. But the head of the significant crude tanker owner...
UK-backed ferry company with no ships goes bust A sorry chapter in UK shipping history comes to a close with the demise of a shipping company that never...
Norden revises forecast boosted by Dry Operator unit The company said it has managed to secure contracts with higher margins per vessel day
Strong demand puts lid on inactive boxship fleet High capacity levels on the transpacific have led to falling numbers of idle ships and better rates for owners of...
Weekly Briefing: Transpacific rates at new high; tanker demolition hits three-decade low Transpacific box ship demand continues to soar but US regulators appear to have followed China in calling for more tempered...
IUMI head says 'environment will set the tone for decades' In the long run, the environment is more important for insurers even than the pandemic, newly re-elected president Richard Turner...
Industry 'shocked' by lack of Brexit planning as UK warns of ports chaos The UK government is warning of 7,000 truck-long queues lasting several days for Channel ports after the Brexit transition period...
Daily Briefing Free to read: Chinese leasing houses weigh options amid uncertain outlook | Yard Talk: Why China is looking to China...
Singapore relaxes rules to assist crew changes The Maritime and Port Authority of Singapore has reduced the 14-day quarantine period to seven days if the crew member...
Port of Singapore boosts electrification efforts Proposals are expected to come from consortiums comprising industry players and institutes of higher learning and research institutes, and a...
Russian nuclear icebreaker to develop northern sea route The action comes as other nations step up their interest in the Arctic, especially the US and UK, which seek...
Golden Ray capsizing caused by unstable loading, US Coast Guard says The coastguard analysis showed Golden Ray failed to comply with International Maritime Organization stability standards at the time it capsized...
Maritime law firm's managing partner moves to Hong Kong The increased strength of Asian operators and rising numbers of Chinese newbuildings are among the reasons for the firm to...
China's Yangzijiang Shipbuilding gears up for VLCC debut Group in talks to take over a half-built crude carrier from compatriot Jinhai
EU sanctions two shipping companies over breaking arms embargo Med Wave had its car carrier seized in Italy over allegedly breaking the embargo
Hope of tanker revival in Mediterranean as Libya hikes crude exports Resumption of the war-torn country's oil trade would provide employment opportunities to aframax and suezmax owners
Evergreen fights for payment after award against Colombian agent Taiwanese company won $1.16m, but has not yet been paid
Tanker weakness is seasonal and may be just a hiccup, Tsakos Energy says After posting a record result during the tanker boom in the first half of the year, Greek owner expects market to quickly overcome "challenging" third quarter
Chemical tanker veteran Otto Fritzner dies at 78
Imabari and Japan Marine United to delay start of joint venture shipyard Japanese shipbuilders say they are still awaiting for approval from the competition authorities to come through
India warns of 'toxic tanker' on the way to Alang The cash buyer linked to a controversial ship is not sure if he owns it, but Indian authorities are sounding an alarm
Beware of fugitive tanker, lawyers warn potential buyers Lawyers are warning shiprecycling players off an aframax on the run from UBS Bank and the High Court of Sri Lanka
Nordic American Tankers unveils newbuilding order after four-year hiatus New York-listed suezmax specialist books two ships from Samsung Heavy Industries amid falling newbuilding prices
Fred Olsen still considering options for ageing cruiseship duo Shipowner says no decision taken yet on potential sale or scrapping of Boudicca and Black Watch
HMM unveils new control centre for world's biggest boxships South Korean shipowner has built a bespoke facility to oversee operation of its 24,000-teu fleet
China to expedite customs clearance for crude imports amid port congestion Easing congestion in China would add to oversupply woes in tanker markets
Jefferies says Eagle Bulk can survive 'forever' at current rates Analysts encouraged about bulker owner's prospects after management meetings
Reefer in collision with Russian frigate off Denmark Maestro Shipping cargoship not in danger following incident in Oresund
Five salvors bid for Wakashio wreck removal contract Process begins to select which salvage company will dismantle the stranded stern section
Peter Dohle clinches highest ever feedership charter rate with Maersk deal Asian deal illustrates shortage of smaller vessels as boxship rally continues
Money-spinning bulkers lead Norden to raise 2020 profit guidance Norden expects its dry operator business unit to achieve a better result in 2020 than in both 2018 and 2019
Greece's Edge Maritime picks up fifth suezmax unit this year Little-known Piraeus player seen behind acquisition of 17-year-old tanker
Feeding the dragon: boxship operators are playing with fire Liner giants face unwanted attention from Beijing over East-West container rates
Navios-chartered bulk carrier arrested in legal spat over someone else's logs Japanese-owned capsize bulker seized in dispute over unrelated cargo discharged without bills of lading
Scilly Steamship plots first fleet renewal in 43 years UK shipowner needs to replace ageing ropax for mainland trips
Harald Wilke resigns following refinancing at MPC Container Ships Finance chief quits after two years, with company bringing in Benjamin Pfeifer as his replacement
Norwegian shipbroking faces a global challenge like never before Finn Engelsen put Grieg Shipbrokers on a global footing. Now the local shipbroking scene no longer has a place for him
Plot thickens in big-bulker S&P as Economou explores offloading duo Greek shipowner mulls sale of modern newcastlemax pair, amid busy transaction activity around the largest types of dry bulk carrier
Keppel Corp share sell-off 'overdone' says UOB Kay Hian Singapore rig builder has seen $1.7bn wiped off its market capitalisation since Temasek walked away from partial offering
Pacific International Lines fleet pruning sees boxships and bulker sold Singapore-based liner company is said to have sold two feeder-sized boxships and a bulker as part of fleet rationalisation plan
Singapore relaxes crew change requirements for those from 'low risk' nations City state says seafarers can now obtain a negative Covid-19 test 72 hours prior to departure to Lion Republic
Trio of alleged front companies keep pushing US to return gasoline The US allegedly did shoddy legal work in seizing more than 1m barrels of gasoline off Greek-owned tankers earlier this year
HMM may explore autonomous ships, trans-Atlantic trade South Korean carrier announces opening of fleet control center but doesn't open up about sailing plans.
Chinese container factories are now sold out until February Bullish signal: Strong demand for box equipment extends into 2021.
House lawmakers approve $13.6B lifeline for Highway Trust Fund Credit agency raises flag on long-term funding issues.
Largest LNG-powered container ship making maiden voyage The Jacques Saadé is the first of nine vessels designed to reduce CMA CGM's environmental footprint.
Commentary: What products are US consumers buying? Earnings reports from retailers show a clear shakeout between winners and losers.
US chassis providers stay on roll to radial tires Bias-ply tires persist within the nation's container chassis fleet, but equipment providers vow that their days are numbered with the ongoing switch to radial tires.
Teddy hits Canada with 60 mph winds, heavy rain Teddy brings high winds and flooding to highways as it makes landfall in Nova Scotia, Canada, as a post-tropical storm east of the Port of...
US airforwarders adjust to new COVID business environment (with video) Logistics companies are making lemonade from lemons during the coronavirus. New processes and workarounds keep freight moving, but often at extra cost.
Container rates are on fire. How can you invest in that? Analysts point to upside prospects for container-ship stocks as charter rates rebound.
Libya's reopening creates headaches for oil contract holders in long market As ports reopen in Libya, after an eight-month blockade, the prospect of 1.2 million b/d of crude returning to the market is creating headaches for those with equity and term contracts in the country, whose limited requirements have been covered with oil from Algeria, Azerbaijan, Nigeria and the US.
Singapore's MPA, SMI launch call for decarbonization of harbourcraft industry A total of S$9 million ($6.6 million) from the Maritime GreenFuture Fund will be set aside to co-fund such harbourcraft projects.
US refined product stocks fall as hurricanes, maintenance slow refinery runs US refined product stocks moved lower in the week ended Sept. 18 as weak refinery runs and an uptick in exports outweighed tepid demand, US Energy Information Administration data showed Sept. 23.
Japan's ENEOS raises weekly wholesale oil product prices by Yen 1,000/kl: sources Japan's largest refiner ENEOS has raised the weekly domestic wholesale base price of its five major rack petroleum products by Yen 1,000/kiloliter ($1.51/b), market sources told S&P Global Platts Sept. 23.
OIL FUTURES: Crude steady although demand and supply pressures remain Crude oil futures were little changed at midday in Europe Sept. 23, with supply and demand pressures keeping the outlook weak.
California to require all new cars, passenger trucks be zero emission by 2035 California, the top US gasoline-consuming state, aims to end new sales of gasoline-powered cars and passenger trucks by 2035, according to an executive order announced Sept. 23 by Governor Gavin Newsom.
Singapore Oct regrade swap narrows to 15-week high as jet fuel gains momentum The Singapore front month regrade swap -- the spread which measures the value of jet fuel over that of 10 ppm sulfur gasoil -- narrowed to a 15-week high at the Asian close on Sept. 22, underpinned by strength in the jet fuel complex on expectations of firmer seasonal peak demand during the winter period in the northern hemisphere.
RenewableUK calls for hydrogen strategy backing 5 GW electrolysis by 2030 The UK government should set a target of 5 GW of renewable electrolyzer capacity by 2030 and 10 GW by 2035, along with a cost reduction target of GBP2 ($2.55) a kilogram of green hydrogen by 2030 down from GBP8/kg now, renewable energy association RenewableUK said Sept. 23 in a new report.
China's carbon neutral pledge signals turning point for fossil fuel markets China's unexpected stance on climate change at the United Nations General Assembly on Sept. 22 could signal a turning point for the coal and petroleum industries, and puts the country's next five-year economic plan starting 2021 firmly in focus for major policy announcements impacting energy markets.
OIL FUTURES: RBOB climbs as export surge drives down US gasoline stocks NYMEX RBOB futures moved higher midmorning Sept. 23 following a larger-than-expected draw in US gasoline inventories.
External: Global Risk Management
Typhoon Dolphin to affect bunkering at Japan Sept. 24: sources Two other typhoons, Haishen and Maysak, had caused loading delays and barge tightness in the first-half of September.
Japan's Oct-Mar marine fuel 0.5% bunker differentials inked near minus $10/mt "The term prices do not fluctuate much, as daily spot assessments already reflect supply and demand balances," a trader said.
OIL FUTURES: Crude lower as US stock build adds to weak outlook "The sensitivity of the oil market to coronavirus concerns is still weighing on price action," AxiCorp's Innes said.
Europe-Asia naphtha arbitrage flows capped by 4-month high freight "Hopefully the Asian market can cool down after more arbitrage volumes arrive," a North Asian naphtha end-user said.
Hapag Lloyd increases rates on East Asia to East Coast South America route The new rates will be applicable from Oct. 1.
US LNG utilization expected to rebound quickly after storm passes Gulf Coast Sempra Energy's Cameron LNG remained offline from an earlier storm, and along the East Coast Dominion Energy's Cove Point terminal was undergoing annual maintenance.
Port of Antwerp takes step towards methanol, hydrogen bunkers "The methatug will be operational at the end of 2021," the spokeswoman said.
Sumitomo, Cryopeak sign MOU to supply LNG bunker fuel to N America's Pacific NW The agreement will be to supply ports such as Vancouver, Roberts Bank and Prince Rupert, Cryopeak said.
ONE reinstates seven trans-Pacific sailings during Golden Week In early September, THE Alliance canceled 25 sailings between late September and early November in anticipation of weaker demand.
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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