Oakland Port Container Volume Up 3.1% YTD
The Port of Oakland is a major container ship facility located in Oakland, California, in the San Francisco Bay, said that its loaded container volume from January…
Navios Maritime Repays $419Mln Loan
Navios Maritime Partners L.P., an international owner and operator of dry cargo vessels, managed to repay a major loan amounting to USD 418.5 million by combining…
Gazprom Neft Sets-up Lubes Shop in Singapore
Russian oil and gas company Gazprom Neft has established Gazpromneft Marine Lubricants, a new operating company with an office in Singapore.The new business will…
Baltic Index at One-week Trough as Demand Sags
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Wednesday, on weaker demand for all vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down 1 point at 1,897, extending losses to a fourth session.The capesize index fell 10 points, or 0.3%, to 3,194. The average daily earnings for capesizes…
Two LNG Dual-Fuel DP Shuttle Tankers Unveiled
AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines by 2030…
Bibby Marine Appoints Samuels as CEO
Leading marine asset company Bibby Marine Ltd has appointed Helen Samuels as Chief Executive Officer to lead the company into its next phase of development.Helen Samuels will join the Group in January 2020 from Network Rail, where she currently holds the position of Engineering Director for their $6.4bn pa national capital program. Prior to this Samuels worked as Engineering Director for United Utilities…
U.S. Shipping Sanctions Give Boost to EU Refiners
U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to European refiners as less crude oil from the North Sea and West Africa heads east, traders and analysts said.Freight rates have soared as oil producers scramble for non-blacklisted vessels, discouraging longer-distance voyages.Complex refining margins for advanced facilities capable of extracting even more valuable products like diesel and gasoline…
MSC Cruises Returns to Thordon to Keep Seashore Clean
Thordon Bearings has received an order to supply a water-lubricated propeller shaft bearing solution to Fincantieri’s Monfalcone shipyard for installation to MSC Seashore, the third Seaside Class cruiseship to which Thordon’s COMPAC system has been specified.As part of a scope of environmentally-sustainable technology to feature aboard the 339m long, twin screw vessel – the first of two enriched Seaside…
US-flagged LNG Bunker Barge Launched
America’s first offshore liquefied natural gas (LNG) barge has been launched for owner Q-LNG Transport, Mississippi shipbuilder VT Halter Marine announced on Wednesday.The Q-LNG 4000 barge, designed to carry 4,000 cubic meters of LNG, with dimensions of 324’ x 64’ x 32’.6”, will be operated as part of an articulated tug and barge (ATB) unit designed to meet the requirements of American Bureau of Shipbuilding (ABS) and the International Gas Carrier code as an LNG bunkering barge.Its tug…
COSCO VLCC Wins Temporary Sanction Relief
A supertanker owned by COSCO Shipping Tankers (Dalian) has received a temporary waiver from U.S. sanctions that has allowed the ship to discharge crude oil cargoes, a source with direct knowledge of the matter said on Wednesday.The Very large crude carrier (VLCC) Coswisdom Lake, which discharged some crude in Singapore last week, offloaded its remaining oil at Brunei on Wednesday, shipping data on Refinitiv Eikon showed.The sanctions will resume after the cargoes are discharged…
BV Calls for Higher Ship Recycling Standards
Bureau Veritas Solutions Marine & Offshore is encouraging the shipping industry to embrace higher standards in ship recycling and offering its guidance to help meet the challenge of compliance. BVS, with a network of trained experts world-wide, provides ship owners, ship managers and ship recycling facilities with a full scope of services to support compliance. This is both during the operational life of a vessel and through the end-of-life phase…
Tankers Switch from Clean to Dirty as Rates Surge
A recent surge in tanker rates due to U.S.
Partners Developing LNG-fueled VLCC
Partners involved in a new joint development project (JDP) have set out to design a very large crude carrier (VLCC) that will run on liquefied natural gas (LNG) fuel.Lloyd's Register (LR), China Merchants Energy Shipping Co., Ltd. (CMES), CNOOC Gas and Power Group, Dalian Shipbuilding Industry Co., Ltd. (DSIC), and GazTransport and Technigaz SA (GTT) have teamed up to evaluate design options for an LNG-fueled VLCC that uses a prismatic GTT Mark III membrane LNG tank.
Marlink, Intelsat Renew Connectivity Pact
Marlink and Intelsat have announced that the companies have agreed to a multi-year renewal and expansion of their partnership to provide broadband services to maritime vessels around the world. The multi-year agreement will deliver additional throughput to vessels via multiple layers of space-based coverage, ensuring that ship owners and operators have the flexibility and access to reliable, high-quality…
BIMCO’s Sand to Offer Boxship Insight in Athens
BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking and providing the audience with unique insights on the container market at the European Shipping Seminar on November 27, 2019 in Athens, Greece.The European Shipping Seminar, hosted by S&P Global Platts, will discuss the various topics relating to the commercial shipping markets and take a deep dive into how the shipping industry will navigate…
U.S. Great Lakes Ports on Pace to Beat 2018 Volumes
U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum and wind energy components.“U.S. Great Lakes ports are reporting cargo growth as they support the region’s construction activity and energy needs and help our cities prepare for the winter ahead,” said Bruce Burrows, President of the Chamber of Marine Commerce. “Iron ore exports from Minnesota to Japan and China via the St.
New Hybrid-Electric Ferry Program for WSF
Dignitaries from the state of Washington joined Governor Jay Inslee, Washington State Ferries officials and Vigor employees at Vigor’s Seattle shipyard to celebrate the beginning of the greening of WSF’s fleet. Speakers included Governor Inslee, Roger Millar, Secretary of Transportation for Washington State Department of Transportation, and Vigor CEO Frank Foti. The ceremony concluded with a dedication…
BMT’s 85m Ro-Pax Cat
BMT Specialized Ship Design has recently designed an 85m catamaran vehicle-passenger ferry built by Strategic Marine Vietnam, for family-owned Scottish ferry operator Pentland Ferries. The vessel is the latest in a series of collaborations between Strategic Marine and BMT, which now includes a variety of ferries and the extensive portfolio of windfarm support vessels, with the partnership continuing to expand.
“Minor” Incident Sends Mariner Down S&R Rabbit Hole
The twists and turns of any marine casualty investigation can be unpredictable, but what is predictable is the potentially crushing cost to defend your license,…
U.S. Frets About Untrackable China Ships with Iran Oil
The White House is warning Chinese shipping companies against turning off their ships' transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said."We've been messaging very heavily to the shipping companies, you don't want to do this, it's not worth it," said one official, who spoke to Reuters on condition of anonymity. "It's incredibly dangerous and irresponsible behavior."China is the largest remaining buyer of Iranian oil after U.S.
