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Europe Diesel Exports Hit Record as Harvey Redraws Trade

Europe Diesel Exports Hit Record as Harvey Redraws TradeEurope is set to export a record volume of diesel in September as Latin American buyers struggle to recover from a drop in U.S. supplies in the wake of Hurricane Harvey, according to shipping data and traders.

Unused Jones Act Waiver Set to Expire at Midnight

Unused Jones Act Waiver Set to Expire at MidnightThe U.S. Department of Homeland Security will not further extend the limited Jones Act waiver applying to tankers transporting fuel in hurricane-hit areas of the United States, which will allow the waiver to expire tonight at midnight.

Chabahar Port likely to be operational by end-2018

Chabahar Port likely to be operational by end-2018Chabahar Port, located in Sistan-Baluchistan province on the south-eastern coast of Iran, is expected to be operational by 2018-end.

Tankers: Looking for market resilience in a challenging environment

Tankers: Looking for market resilience in a challenging environmentTanker owners haven’t enjoyed a healthy ride of freight rate increases in the past few months, as the oil market has been experiencing turbulences.

CNO: U.S. Navy Ships Told to Turn AIS Transmitting ‘ON’ in High-Traffic Areas

CNO: U.S. Navy Ships Told to Turn AIS Transmitting ‘ON’ in High-Traffic AreasThe U.S. Navy has already taken action to prevent future mishaps involving its ships at sea, including turning on the Automatic Identification Systems of its vessels in high-traffic areas.

New York City Noise Now a Risk to Endangered Right Whales

New York City Noise Now a Risk to Endangered Right WhalesNoise in New York has always grated on people and now, with the cacophony engulfing surrounding waters, it is threatening the city’s newly discovered neighbors: endangered whales.

“Sea Hunter” 240 ft Salvage Ship For Sale by Marshall’s Auction

“Sea Hunter” 240 ft Salvage Ship For Sale by Marshall’s Auction“Sea Hunter”, 240 LOA, 41′ beam, is for sale by auction.

SEACOR Chooses Kongsberg Hybrid Power Solutions

SEACOR Chooses Kongsberg Hybrid Power SolutionsHybrid power can decrease SEACOR Maya’s CO2, NOx and SOx emissions

France Sees Quick Accord on STX, Sees Naval Deal Taking Longer

France Sees Quick Accord on STX, Sees Naval Deal Taking LongerFrance hopes for agreement over the future of the STX France shipyards at a Franco-Italian summit on Sept. 27, but a separate deal on warship co-operation would take longer to negotiate, French Finance Minister Bruno Le Maire said on Thursday.

Ecoslops Seeks Authorization for Marseilles Project

Ecoslops Seeks Authorization for Marseilles ProjectEcoslops, an innovative technology company that upgrades ship-generated hydrocarbon residues, or “slops”, into valuable new fuels and light bitumen,

Dorian calls in ABS to help it evaluate LPG as a marine fuel

Dorian calls in ABS to help it evaluate LPG as a marine fuelDorian LPG Ltd. (NYSE: LPG) has engaged ABS to evaluate the use of liquefied petroleum gas as a marine fuel, among other options, in advance of the IMO mandate to reduce sulfur emissions by approximately 85%.

Another big box ship order raises over capacity worries

Another big box ship order raises over capacity worriesAnalysts are worried that the container shipping industry is about to build itself a whole new lot of overcapacity.

Neptun floats out engine room module for LNG fueled cruise ship

Neptun floats out engine room module for LNG fueled cruise shipThe Meyer group's Neptun shipyard in Rostock, Germany, today launched the first of two "floating engine room" modules for the world's first LNG fueled cruise ship, AIDAnova.

Horizon take steps to deal with revenue shortfall on ferry project

Horizon take steps to deal with revenue shortfall on ferry projectHorizon Shipbuilding, Bayou La Batre, AL, said today that project revenues from its revenue shortfalls from its major NYC Ferry newbuilding project were insufficient for it to continue normal day to day operations.

Awilco Drilling awarded semi-sub contract by Alpha Petroleum Resources

Awilco Drilling awarded semi-sub contract by Alpha Petroleum ResourcesNorway's Awilco Drilling has received a letter of award from Alpha Petroleum Resources to drill 18 development wells on the Cheviot Field in the Northern North Sea.

Chevron terminates Transocean drillship contract

Chevron terminates Transocean drillship contractChevron has exercised its option to terminate Transocean's drillship Discoverer Clear Leader effective November 2017.

White knight swoops for Swissco's OSV business

White knight swoops for Swissco's OSV businessA Singapore venture fund has swooped to pick over the carcass of bust Swissco Holdings.

Aker Solutions wins Statoil FEED contract

Aker Solutions wins Statoil FEED contractNorway's Aker Solutions has been awarded a contract from Statoil for front end engineering and design of a module at Norway's natural gas field Troll.

Golar LNG appoints new CEO

Golar LNG appoints new CEOGolar LNG has announced the appointment of lain Ross to replace Oscar Spieler as CEO.

The trade connundrum between China, USA and N. Korea

The trade connundrum between China, USA and N. KoreaThe shipping industry is bound to be affected by the rise in tensions in the Korean Peninsula. In a recent report, shipbroker Intermodal said that “the trade volume between North Korea and China is more than $5 billion per year.

Capesize Rates Lift Baltic Index near Three-year High

Capesize Rates Lift Baltic Index near Three-year HighThe Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hovered near a three-year high, supported by robust rates for capesize vessels.

Box ship LNG fueling conversion could have multiplier effect

Box ship LNG fueling conversion could have multiplier effectConverting an existing containership to LNG fueling need not involve installing a whole new engine. Proving this point: the successful conversion of the 2011-built 1,036 TEU Wessels Reederei feedership Wes Amelie.

Wireless charging demo marks breakthrough in electric ferry tech

Wireless charging demo marks breakthrough in electric ferry techWärtsilä has successfully tested its automatic wireless induction charging system on a hybrid powered coastal ferry.

A.P. Moller Holding to acquire Maersk Tankers

A.P. Moller Holding to acquire Maersk TankersKeeping things all in the family, as it were, publicly traded A.P. Møller - Mærsk A/S today signed an agreement to sell Maersk Tankers A/S to APMH Invest A/S, a subsidiary of A.P. Moller Holding A/S for $1,17 billion in an all-cash transaction.

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