New LNG terminal to serve new ferry and Wärtsilä Smart Technology Hub Nordic region energy company Gasum is to build a local LNG customer terminal in Vaskiluoto in Vaasa, Finland, from which tanker trucks will take LNG to customers that include Wasaline, which operatesDOT seeks applications for 2021 INFRA grants U.S. Department of Transportation is seeking applicants for the FY 2021 round of the Infrastructure for Rebuilding America (INFRA) discretionary grant program to fund transportation projects of national and regional significance that
DOT seeks applications for 2021 INFRA grants U.S. Department of Transportation is seeking applicants for the FY 2021 round of the Infrastructure for Rebuilding America (INFRA) discretionary grant program to fund transportation projects of national and regional significance that
Is the U.S. ready to adopt new technology for tugs and towboats? A Q&A with Dave Lee, Senior Account Manager - ABB Marine & Ports Marine Log (ML): The world's first LNG-hybrid tug is being built in Singapore. How long before we start seeing
LR names three to executive leadership team Among his first key appointments since stepping into the CEO role at Lloyd's Register (LR) last month, Nick Brown has named three new members of LR's Executive Leadership Team: Mark Darley as
Boxes lost overboard after "safety feature" triggered engine shut down Maersk today gave more details of the February 17 incident in which the 13,100 TEU containership Maersk Eindhoven lost 260 containers overboard while en route to the U.S. West Coast. The incident
Royal Caribbean's Fain still confident of return to positive trajectory Royal Caribbean Group (NYSE: RCL) today reported financial results for the fiscal year of 2020 that included a U.S. GAAP net loss of $5.8 billion compared to net income of $1.9 billion
Northwest Seaport Alliance offers uncongested alternative to Southern California The 2010-built, 3,650 teu CMA CGM Africa Four called the NWSA's Seattle Harbor for the first time on February 20 as part of the new...
Tankers 'not out of the woods' until mid-2022 Active fleet poised to expand by 12% once sanctions-hit tankers return to trading - even as nominal fleet growth hits multi-year...
Seafarer abandonment cases continue to climb One case involving a chemical tanker abandoned in Fujairah, United Arab Emirates, in January, was successfully resolved, according to a...
Diana Shipping names Semiramis Paliou as chief executive Underlining the importance of an orderly succession, the founder of the New York-listed bulker company hands the chief executive's reins...
Suicides at sea go uncounted as crew change crisis drags on Maritime charities fear the toll of the lockdown measures on seafarers' mental health and there are anecdotal reports suicides have...
Higher contract rates ahead as shippers seek security Shippers who have successfully played the spot market in the past have been hit hard by the supply constraints in...
Forwarders failing on shipper-owned equipment bookings Many shippers are struggling to access containers for export cargoes. But forwarders are providing little in the way of help...
V.Group's new chief builds success on data V.Group has weathered storms and emerged with a client-centric vision. However, Kofod-Olsen's bigger challenge is to build a deeper understanding...
GasLog to go private after BlackRock merger GasLog is recommending a deal with BlackRock that will see the asset manager buy up the company's free float at...
Korea Shipbuilding strikes $500m newbuilding deals The VLCC trio are priced at about $90m per ship. Delivery is scheduled for the second half of 2022
Lloyd's Register appoints new leadership team with marine focus The classification society has appointed three insiders to new posts as it enters a new era under the leadership of...
Kuehne+Nagel acquires Asian logistics provider Apex International Takeover of Apex International is expected to add 9% to K+N revenues. Focus will be on hi-tech and ecommerce fulfilment
Four injured in Gibraltar bulker explosion Four crew were injured and two taken to hospital with burns after an explosion on a Hong Kong-flagged capesize bulk...
Daily Briefing Free to read: Club hopping not happening as renewal round closes | It is time to bring some humanity to...
Pavilion Energy and Chevron pen LNG offtake agreement Pavilion Energy and Chevron have signed a six-year LNG sale and purchase agreement for the supply of approximately 0.5m tonnes...
China's owners and port groups urge efforts to temper sky-high box rates Move comes as the traditional Chinese New Year slack season has failed to drag down the rocketing shipping costs, with...
Texas winter freeze lifts product tanker rates 'This is a significant impact to one of the world's largest concentrations of olefins capacities, just under 20% of the...
Offshore wind sector could help re-employ some energy workers Oil and gas workers will also benefit from the expected growth in offshore wind employment globally, as they share some...
Precious positive on bulker market for 2021 If the supply side receives a dividend from the recycling of very old ships, slow steaming by the rest of...
Flex LNG grabs more shares after quarterly earnings growth Company repurchased shares last week and in January
Crude tankers not 'out of woods' for 2021 due to Chinese destocking, Iranian tonnage Chinese crude imports will probably be flat despite oil demand recovery, Braemar ACM's Anoop Singh says
Royal Caribbean suffers $5.8bn loss for 2020 at the hands of Covid-19 The New York-listed owner's shares are up almost 11% as of Monday's mid-day trading
Harvey Gulf sues after PSV damaged in Gulf hurricane The ship is currently still grounded, with damages still to be determined
GasLog Partners shifts into spotlight for fleet growth Executives sidestep parent-BlackRock merger questions and talk up prospects for MLP to play in spot market
Semiramis Paliou appointed Diana Shipping CEO Founder Simeon Palios will stay on as non-executive chairman
Insurer Gard claims substantial gains at P&I renewal Cashback deals for members pay off as the largest P&I insurer gets even bigger at renewal
MV Werften readies axe for 1,200 workers amid cruise crisis Staff told government cash is dependent on matching workforce with orders
Avance Gas sees Asian demand growing after 'incredible' VLGC rate boom ends Commercial chief Ben Martin gives upbeat view on prospects for US Gulf production
GasLog unveils merger with BlackRock's power arm, with plans to delist Peter Livanos declares the deal a 'transformative next step' for his company
New Lloyd's Register chief executive reshapes marine division team Nick Brown reorganises marine division after taking charge of UK classification society
MV Werften readies axe for 1,200 workers amid cruise crisis Staff told government cash is dependent on matching workforce with orders
Soren Skou says consumers can pay multibillion-dollar decarbonisation bill Cost to customers will equal just six US cents on a pair of trainers, AP Moller-Maersk chief tells BBC
Corinth Canal suspends crossings until further notice Historic Greek waterway needs 'hundreds of millions of euros' of investment to survive
Songa Container takes full control of three sub-panamax boxships Shipowner exercises purchase options on trio as earnings continue to recover
Seafarer missing after blast on Vietnamese product tanker No sign of 28-year-old engineer
GC Rieber looks for new business after selling another vessel Norwegian owner down to three ships with disposal of inspection and maintenance unit Polar Queen
Shipping looks set to escape Myanmar sanctions - for now But shipowners must be on their guard for links to individuals targeted by US
South Korean ropax scrapped as brakes put on ferry buying Interest in larger Asian ropaxes is non-existent as operators continue to reel from pandemic impact
Oil pressure blamed for stall that tipped boxes off Maersk Eindhoven Safety feature reportedly triggered engine shutdown off Japan
Zhonggu Logistics completes $630m order drive with boxship octet at Jinling Shipyard Chinese shipowner fulfils plan to order up to 18 newbuildings worth about $630m
KCC lets last two combination carrier options lapse as deliveries remain tricky Norwegian shipowner focused on getting final two newbuildings in operation despite Covid-19 restrictions
Xihe sells MR2 product tanker as fleet selloff lumbers along With another tanker sold, market sources suggest more could also be leaving the Xihe fleet in the near future
Stamatis Molaris to offload tankers and bulkers to Gulf Navigation Dubai-based owner says agreement with Greek owner is beginning of a larger scope of partnership
Bamboo shoots blamed for fatal mass poisoning on Precious bulker Khalid Hashim said traditional Thai delicacy caused the death of the chief cook and made many others ill
Great Eastern joins outfits vying to buy Shipping Corp of India Country's biggest private shipowner has reportedly lodged expression of interest
GSCW chat recap: Stan Wraight's cargo advice for airlines Passenger airlines have treated cargo as an afterthought. The pandemic is making them realize the benefit of a diversified revenue stream.
Maersk Eindhoven expected in Yokohama Thursday following container loss The Maersk Eindhoven, which lost 260 containers overboard, is slated to berth for repairs in Japan on Thursday.
Another one bites the dust: LNG shipping's GasLog to delist One of the largest players in public LNG shipping, GasLog Ltd., plans to give up its NYSE listing. Will more shipowners opt to go private?
GSCW chat recap: GK9PG dogs check for cargo and COVID Global K9 Protection Group is a big provider of bomb-sniffing dogs. Many of them are dedicated to air cargo security. Now the company is using...
GSCW chat recap: Flowers, vaccines, perishables power MIA cargo growth Emir Pineda, the Miami-Dade Aviation Department's manager for aviation and trade logistics, explains why Miami International Airport reached a record cargo level last year and...
FreightWaves Flashback: JFK changing with the times 2002: "It's a myth that we are out of land," said Jim Larson of the NY/NJ Port Authority, discussing the airport's cargo possibilities.
Kuehne + Nagel buys Hong Kong forwarder Apex Kuehne + Nagel is the second-largest logistics services provider in the world. It just got bigger, swallowing up Hong Kong's Apex International.
ICE LSGO futures net speculative length at fresh 13-month high Speculative net long positions in ICE low sulfur gasoil futures rose 967 contracts to 101,943 in the week to Feb. 16, a fresh 13-month high, according to ICE data on Feb. 22.
INDIA DATA: Jan gasoil exports fall 12% on month India's gasoil exports in January eased from a three-month high reached the previous month as a rise in coronavirus cases during the winter as well as the discovery of new variants of the virus squashed demand from international buyers.
EU refineries, business look for ways to achieve carbon neutrality EU refineries and businesses are looking for various ways to address the carbon neutrality that the EU is targeting for 2050, but liquid fuels will remain in use, according to delegates of the 10th EU refining forum.
INDIA DATA: Jan fuel oil exports jump 133% amid higher LSFO production, imports fall 21% India's fuel oil exports in January rose 133% on the month to 112,000 mt, latest data from the country's Petroleum Planning and Analysis Cell showed, as improving low sulfur fuel oil margins incentivized more production, refining sources said.
USGC middle distillate shipments to Europe at 215,000 mt in Feb so far: cFlow Around 215,000 mt of US Gulf Coast middle distillates are set to arrive in Europe in February, with one shipment of around 40,000 mt having been sent in the seven days to Feb. 22, according to cFlow, Platts trade flow software.
AMERICAS BUNKERS: Key market indicators Feb 22-26 Spot bunker fuel prices were impacted by winter weather in the US Gulf Coast during the week of Feb. 15-19, leading to rises in some ports in the Americas, such as Balboa, and slight changes in others.
REFINERY NEWS: PetroEcuador shuts Esmeraldas No. 2 catalytic unit Ecuador's PetroEcuador said it shut the refinery's No. 2 catalytic cracking unit on Feb. 21 for 40 days of maintenance.
INDIA DATA: January oil product exports down 4.8% on year to 1.1 million b/d India's exports of refined oil products fell 4.8% year on year to 4.4 million mt, or 1.1 million b/d, in January, provisional data from the Petroleum Planning and Analysis Cell showed Feb. 22.
Beaumont, Corpus Christi refineries beginning restarts as Houston area lags behind Major crude oil refineries in Texas' Baytown, Beaumont-Port Arthur and Corpus Christi areas began restarting operations Feb. 21 and Feb. 22, while the rest of the Houston region's refining complex is taking longer to rebound after more prolonged power outage issues during last week's Texas freeze.
US crude stocks, refinery runs expected lower amid Texas deep freeze US crude oil inventory draws likely extended during the week ended Feb. 19 as severe weather across the southern states shut in production, according to analysts surveyed by S&P Global Platts.
Brazil's Bolsonaro sends Petrobras into turmoil after CEO swap, price dispute Analysts and investors Feb. 22 decried a move by Brazil's president to replace the CEO of state oil company Petrobras, claiming the move was made for political reasons.
OIL FUTURES: Crude tests fresh highs amid US refinery restart, weaker dollar Crude oil futures surged nearly 4% to settle at 13-month highs Feb. 22 as US refineries began to restart in the wake of severe weather across the southern US last week.
Pavilion Energy, Chevron ink LNG supply agreement for Singapore to promote lower-carbon future Each LNG cargo delivered under this agreement will be accompanied by a statement of its GHG emissions, the companies said.
S. Korea's SK Energy to cut low sulfur bunker fuel output in March, April on VRDS maintenance To make up the shortfall in production, SK Energy has bought one MR-sized low sulfur fuel oil cargo from Singapore from arrival in March, sources said.
Clean tankers poised for freight jump amid improving pandemic conditions: Scorpio Tankers Bugbee said the Asian clean tanker market could likely see significant upward movement upon return from Lunar New Year.
Iran wants US to remove sanctions before nuclear talks to clear more crude Araghchi also said Iran is studying a proposal by EU foreign policy chief Josep Borrell to hold an "informal meeting with the US as a guest."
OIL FUTURES: Crude rises on opportunistic buying, fundamentals still bullish "The sell-off in the crude futures market seen on Friday [Feb. 19] provided a bargain hunting opportunity, which traders in Asia are exploiting," Hari said.
Panama sales of MF 0.5%S, high sulfur bunker fall in Jan; MGO sales increase The Maritime Authority's data shows sales of HS IFO 380 fell 5.6% in January month-on-month to 70,597 mt.
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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