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US Lifts Sanctions against Cosco Dalian

Donald Trump

The United States lifted its sanctions against Cosco Shipping Tanker (Dalian) Co.

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BC Ferries Orders Its 6th LNG-Fueled Ship

Salish Class ferry

BC Ferries returned Remontowa Shipbuilding S.A. with an order for another LNG-fueled vessel.

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Readers’ Picks of the Week (27-31 Jan, 2020)

shipping

Here are the most read stories of the past week.

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MODEC Downgrades Profit Forecast for 2019

MODEC

MODEC revised its consolidated forecast for 2019 amid the recording of extraordinary loss.

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First Steel Cut for Celebrity Cruises' Third Edge Ship

Celebrity Cruises

Chantiers de l'Atlantique has cut the first piece of steel for Celebrity Beyond.

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Coronavirus Sailing Cancellations Start to Hurt RCL's Result

Spectrum of the Seas

Royal Caribbean Cruises has suspended three more sailings on Spectrum of the Seas, homeported in China.

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International Seaways Nets USD 390 Mn for Refinancing

money

International Seaways has closed on senior secured credit facilities worth a total of USD 390 million.

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Genco Wraps Up Scrubber Program

Genco

Genco Shipping & Trading has completed its scrubber program comprising seventeen Capesize vessels.

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CSAV Ups Stake in Hapag-Lloyd

CSAV

CSAV has acquired an additional stake in Hapag-Lloyd, becoming the majority shareholder in the German shipping major. 

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Study: LNG as Marine Fuel not Such a Cool Choice?

cardissa

Study: LNG might not reduce greenhouse gas emissions on a life-cycle basis.

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Seafarer Happiness Down amid Stress over New Regulations

ship

Workload stress caused by changes in regulations among key reasons impacting the seafarers' happiness level.

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Teekay Tankers Seals USD 533 Mn Loan, Sells Assets

Tanker

Teekay Tankers has closed a new five-year, USD 533 million revolving credit facility to refinance 31 vessels.

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CSAV Exits RoRo Business

CSAV

CSAV is to close its maritime vehicle transport (RoRo) business and focus on its container shipping business.

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Too Early to Draw Conclusions on VLSFO's Carbon Emissions

shipping

IBIA: still premature to draw valid conclusions on the level of VLSFO's black carbon emissions.

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Eagle Shipping Settles Sanctions Violations Case

Bulker

Eagle Shipping has agreed to pay USD 1.1 million to settle violations of the Burmese Sanctions Regulations.

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Cheniere Ships 1,000th LNG Cargo from U.S. Gulf

Hoegh Galleon

Cheniere Energy has produced and exported its 1,000th cargo of LNG.

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How Did Super Pollutant Fuels Come to Market?

Arctic

The Clean Arctic Alliance is calling for an immediate switch to distillate fuels for ships in the Arctic.

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Seafarers Face Screening amid Coronavirus Outbreak

Shanghai

Seafarers calling at Chinese ports are advised to wear masks and take precautionary measures.

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North America's 1st LNG-Fueled Cruise Ship Floated Out

Mardi Gras

Carnival Cruise Line's newest cruise vessel, Mardi Gras, was floated out at Meyer Turku shipyard.

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USCG: Search Launched for Missing Star Aquila Crew Member

USCG

A crew member of the Marshall Islands-flagged bulk carrier has been reported missing off Alabama.

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Port of Long Beach Boast 2nd Busiest Year

Port of Long Beach

The Port of Long Beach moved more than 7.6 million twenty-foot equivalent units in 2019.

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Maersk Ups Bunker Surcharge amid VLSFO Price Rise

Mumbai Maersk

Prompted by a price surge of VLSFO, Maersk has decided to increase its bunker surcharge.

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China's Oil Thirst Drives Brazilian Exports to All-Time High

tanker

Brazilian crude oil exports hit a record high in December 2019 as China continues to turn to Brazil.

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Atlas Ocean Voyages Expands Fleet with Four More Ships

Cruise

Atlas Ocean Voyages is adding four more ships to its fleet.

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Vessel Demand Rises as Boxships Queue for Scrubber Retrofits

containership

More than 100 containerships aggregating 950,000 TEUs were in yards for scrubber retrofits last month.

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Kitack Lim: Prices for Compliant Fuels Stabilizing

Kitack Lim

Kitack Lim: Prices for compliant fuels appear to be stabilizing.

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VLSFO Not So Environmentally-Friendly after All?

cargo ship

New blends of marine fuels with 0.50% sulphur content can contain a large percentage of aromatic compounds.

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