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Category: Shipping


Shipping

ExxonMobil Hires Singapore’s 1st LNG-Fueled Bunker Tanker

August 16, 2019

Via: World Maritime News

Under the deal, the 7,990 dwt newbuilding, to be named Marine Vicky, will be committed to delivering ExxonMobil’s EMF.5™ Engineered Marine Fuels to ocean-going vessels within Singapore port limits from the first quarter of 2020. Featuring a length of 103 […]


Impact & Regulations, Shipping

US Seeks to Block Release of Grace 1 in Gibraltar

August 15, 2019

Via: World Maritime News

Namely, the authorities have made a last-minute application to block the release of the tanker, that was seized in waters off Gibraltar by the UK in early July under suspicion of violating EU sanctions and transferring oil to Syria. The […]


Shipping

Team Tankers Sells Three Units, Widens Second Quarter Loss

August 14, 2019

Via: World Maritime News

In May 2019, the company agreed to sell the 13,079 dwt Sichem Paris. The 2008-built vessel was renamed Masagana and delivered to its new owner in July. It was time-chartered back to the company for a period of two years. […]


Impact & Regulations, Shipping

Large Cruise Ships to Be Diverted from Venice City Center?

August 12, 2019

Via: World Maritime News

A plan has been proposed by Danilo Toninelli, Italy’s Transport Minister, to reroute part of large ships from the Guidecca canal, one of the major canals in the city, starting from September this year. As informed, cruise vessels might be […]


Shipping

NRF: Retail Imports Remain at Near-Record Levels Despite Tariffs

August 9, 2019

Via: World Maritime News

“Even with virtually everything American imports from China soon to be subject to tariffs, it isn’t quick or easy for retailers to change their supply chains,” Jonathan Gold, NRF Vice President for Supply Chain and Customs Policy, said. “That means […]


Shipping

Product Tanker, Ocean Self-Unloader Segments Boost Algoma’s Earnings

August 9, 2019

Via: World Maritime News

Algoma’s net earnings rose to CAD 22.1 million (USD 16.7 million) in Q2 2019 from CAD 14.4 million (USD 10.9 million) seen in the corresponding period a year earlier. As explained, profit was higher as a result of a rise […]


Shipping

Breaking Wave Injures Four Aboard Bulk Carrier

August 8, 2019

Via: World Maritime News

The vessel alerted the National Sea Rescue Institute (NSRI) Port Elizabeth duty crew, who rendezvoused with the bulker aboard sea rescue craft Spirit of Toft. On the arrival of the sea rescue craft, the injured seafarers were treated by an […]


Shipping

Maersk Plunges as Investors Dump Trade Icon on Trump’s Tweets

August 2, 2019

Via: Transport Topics

Shares in A.P. Moller-Maersk A/S, the world’s largest container shipping line, plunged the most in two months after President Donald Trump escalated his trade war against China. The stock of the Danish company, which handles about a fifth of the […]


Shipping

“Challenging” Market Pushes Eagle Bulk into Loss

July 31, 2019

Via: World Maritime News

The company reported a net loss of USD 6 million for the period against a net income of USD 3.5 million seen in the same quarter in 2018. Revenues during the three months reached USD 69.4 million, representing a decrease […]


Shipping

Imports Fuel Port of Virginia’s Record Fiscal Year 2019

July 26, 2019

Via: World Maritime News

The result represents an increase of 4 percent when compared with last fiscal year. The port’s fiscal year closed June 30, and in that month the port handled 239,329 TEUs, which is an increase of nearly 7 percent when compared […]