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Higher Volumes, Better Rates Push Hapag-Lloyd's Earnings Up

For the first nine months of 2019, Hapag-Lloyd’s net result jumped to EUR 297 million from EUR 13 million a year earlier.

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AG&P Invests in Kanfer Shipping to Make LNG More Accessible

The parties would offer LNG supply, transportation, floating storage, and LNG shipping for downstream distribution.

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Golar LNG, CSSC Shipping Sign LNG Carrier Sale and Leaseback

CSSC Shipping said that the LNG carrier would be converted into a floating storage re-gasification unit (FSRU).

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Exmar Ships First LNG Cargo Produced by Tango FLNG

Tango FLNG

LNG carrier Excalibur loaded the first commercial cargo in Argentina.

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COSCO Sets Up New Company for Intra-Europe Services

COSCO Shipping

The new company would be better positioned to respond to market needs, COSCO said.

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Alcohol Leads to Fatal Fall aboard Cargo Ship

An investigation showed that the high level of alcohol may have impaired the seafarer's cognition.

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Expedition Operators Agree on Voluntary Arctic HFO Ban

cruise

The Association of Arctic Expedition Cruise Operators approves a self-imposed ban on the use of HFO in the Arctic. 

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Pirates Attack Italian-Flagged Ship off Mexico

Gulf of Mexico OSV attack

Two crew were injured in the attack and transferred to a nearby hospital.

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LNG Business Softens MISC Berhad's Drop in Revenue

Group revenue for the third quarter was 3.7% lower compared to the same period a year earlier.

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Box Spot Rates Rise amid More Idle Ships, Bunker Surcharges

Drewry's World Container Index swelled by USD 210 in the past two weeks.

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UK: Ship Speed Reduction Not the Answer to Cutting Emissions

shipping

Slow shipping is not the answer to cutting emissions from shipping, the UK Chamber of Shipping pointed out. 

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TORM to Equip Ten More Ships with Scrubbers

This brings the total number of planned scrubber installations to 44.

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Euronav Signs LSFO Deal with Malaysian Port of Linggi

Under a service agreement, Malaysia’s Linggi Port will become Euronav's low-sulphur marine fuel supply base.

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Klaveness to Focus on Panamax, Post-Panamax Segment

In order to focus on the Panamax and Post-Panamax segment, Klaveness will shrink its activity in the Supramax business.

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EIB Provides USD 155 Mn for Port of Piraeus Expansion

The first EUR 100 million tranche of the 20-year loan was signed on November 11.

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Maersk's Søren Toft Leaves, Company Looking for New COO

The responsibilities as Chief Operating Officer will in the interim be taken on by Søren Skou.

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MPC Capital Takes Stake in Tanker Specialist Albis

Tanker

Germany's MPC Capital buys a strategic stake of 50 percent in compatriot tanker specialist Albis.

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Port of Ceuta Carries Out First VLSFO Bunkering

Port of Ceuta VLSFO

The Spanish port on the Moroccan side of Strait of Gibraltar is ready for IMO 2020.

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New LNG Carrier Built for Yamal Project Joins Its Owners

The 174,000 cbm LNG Dubhe was handed over to MOL and China COSCO Shipping on November 6.

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ITF Calls for Urgent Action to Tackle Rising Piracy in GoG

Pirates kidnapped 13 crew members from two ships in two piracy incidents that occurred in early November.

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MSC Cruises Going Carbon-Neutral

MSC Grandiosa

CO2 emissions from MSC Cruises’ fleet will be offset as of January 1, 2020, the company says.

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Gibson: Tanker Scrapping to Remain Low During Winter

tanker

A lack of demolition activity has been one of the key developments in tanker supply this year.

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Oils Spills During Bunkering Ops in Honolulu

The heavy fuel oil spilled during bunkering operations between boxship Kamokuiki and a bunker barge.

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Market Uncertainty Causes More Fuel Oil Price Volatility

The uncertainty of the upcoming IMO 2020 sulphur cap regulation is having a big impact on the bunker market.

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Reducing Ship Speeds Has Multiple Benefits, Study Shows

shipping

Slower ship speeds would massively reduce the damage shipping is causing to human health, nature and the climate.

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ABS Introduces Industry's 1st Guide to Tackle Boxship Fires

fire

ABS's guide is addressing firefighting and safety systems of cargo holds of container vessels.

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NRF: US Imports to See Final Tariff-Driven Surge of 2019

Imports at U.S. retail container ports would rise this month ahead of new tariffs set to take effect in December.

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