Shipping News

Explore the latest developments in the shipping industry, including market trends, fleet management, and the impact of global trade on maritime logistics.


Friday, September 18, 2020
Christophe de margerie
Shipping News

International Lenders Back $9.5 Billion Financing for Russia’s Arctic LNG 2

By Simon Jessop LONDON, Sept 18 (Reuters) – International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied

September 18, 2020
Total Views: 197

offshore helicopter s-92
Shipping News

U.S. Seeks Stricter Funding Rules for Abandoned Offshore Oil Wells

By David Wethe and Jennifer A. Dlouhy (Bloomberg) –The U.S. is looking to tighten requirements on bonds issued by a growing number of bankrupt oil

September 18, 2020
Total Views: 802

Japan Sending Team to Mauritius to Probe Wakashio Grounding
Shipping News

Japan Sending Team to Mauritius to Probe Wakashio Grounding

TOKYO, Sept 18 (Reuters) – Japan said on Friday it will send a five-person team to Mauritius to investigate the grounding of a Japanese-owned ship off

September 18, 2020
Total Views: 95

Thursday, September 17, 2020
U.S. Federal Maritime Commission Watching Ocean Carriers for Competition Violations
Shipping News

U.S. Federal Maritime Commission Watching Ocean Carriers for Competition Violations

By Gavin van Marle (The Loadstar) – US ocean regulator the Federal Maritime Commission (FMC) has fired a warning shot across the bows of container

September 17, 2020
Total Views: 126

AI-Driven Unmanned Research Vessel ‘Mayflower’ Launched in England
Shipping News

AI-Driven Unmanned Research Vessel ‘Mayflower’ Launched in England

One of the world’s first fully autonomous vessels has been launched and is ready to traverse the world’s oceans in order to gather vital data to

September 17, 2020
Total Views: 344

Named Storm Landfalls in the U.S. this Year Are One Shy of 1916 Record
Shipping News

Named Storm Landfalls in the U.S. this Year Are One Shy of 1916 Record

By Will Wade (Bloomberg) –Hurricane Sally’s historic flooding of Florida and Alabama this week marked the eighth named storm to strike the continental

September 17, 2020
Total Views: 70

The commercial dive boat Conception at sunrise prior to sinking, September 2, 2019. (Source: Ventura County Fire Department)
Accidents

NTSB Opens Investigation Docket Into Fatal Conception Dive Boat Fire

The U.S. National Transportation Safety Board has opened the public docket as part of its ongoing investigation of the fatal fire aboard the dive boat

September 17, 2020
Total Views: 191

Hurtigruten Cancels Remaining 2020 Cruises
Shipping News

Hurtigruten Cancels Remaining 2020 Cruises

OSLO, Sept 17 (Reuters) – Norway’s Hurtigruten has called off its remaining cruises this year due to the rise in COVID-19 cases in Europe and the

September 17, 2020
Total Views: 139

Energy Firms Tally Sally Damage
Shipping News

Energy Firms Tally Sally Damage

By Erwin Seba HOUSTON, Sept 17 (Reuters) – Storm-tossed U.S. offshore energy producers and exporters began clearing debris on Thursday from Hurricane

September 17, 2020
Total Views: 95

Wednesday, September 16, 2020
File photo of a product tanker underway at sea
Shipping

Business of Shipping: Considerations When Vetting a Tank Vessels to Charter

By Ira Breskin – A tanker charterer should carefully vet a nominated vessel by conducting prudent risk assessments to reduce liability. In fact, it is

September 16, 2020
Total Views: 475

offshore wind farm
Offshore

Oil Billionaire Says It’s Time to Move Focus to Renewables

By Mikael Holter (Bloomberg) — Norwegian billionaire Kjell Inge Rokke, who built most of his fortune on oil and gas, says the time has come to start

September 16, 2020
Total Views: 156

Sri Lanka Seeks at Least $1.9 Million in Damages from New Diamond Owner
Shipping News

Sri Lanka Seeks at Least $1.9 Million in Damages from New Diamond Owner

By Waruna Karunatilake and Nidhi Verma COLOMBO/NEW DELHI, Sept 16 (Reuters) – Sri Lanka is seeking at least 340 million rupees ($1.9 million) from the

September 16, 2020
Total Views: 266

Oil Tanker Bridge
Shipping News

Demand to Store a Glut of Diesel at Sea is Rising Fast

By Jack Wittels and Prejula Prem (Bloomberg) –Big oil traders are rushing to book tankers with a view to storing a glut of refined petroleum like diesel

September 16, 2020
Total Views: 131

Cheniere's 1000th cargo on the vessel Hoegh Galleon, January 26, 2020
Shipping News

Abu Dhabi Takes $615 Million Stake in U.S. LNG Exporter

By Katrina Lewis (Bloomberg) –Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc., the largest U.S. exporter of

September 16, 2020
Total Views: 75

containership ship bunkering
Shipping News

Pandemic Crushes Global Marine Fuel Demand, Driving Bunker Market Consolidation -IBIA

By Roslan Khasawneh SINGAPORE, Sept 16 (Reuters) – Global demand for marine fuels is expected to fall by up to 17% due to the impact of the coronavirus

September 16, 2020
Total Views: 272

gulf livestock 1
Accidents

Under Pressure, Shipowner Calls for Renewed Search for ‘Gulf Livestock 1’ Survivors

The shipowner of the Gulf Livestock 1 has requested for a renewed search for survivors following pressure from the families of the missing seafarers. In an

September 16, 2020
Total Views: 236

Tuesday, September 15, 2020
MSC_isabella_Los_angeles
Shipping News

Port of Los Angeles Reports Strongest Month Ever in August

The Port of Los Angeles recorded its first monthly cargo increase of the year in August as imports soared to a record high, helping the port to its strongest

September 15, 2020
Total Views: 190

A Quarter of U.S. Energy Production Shut as Hurricane Sally Inches Towards Landfall
Shipping News

A Quarter of U.S. Energy Production Shut as Hurricane Sally Inches Towards Landfall

By Erwin Seba HOUSTON, Sept 15 (Reuters) – More than a quarter of U.S. offshore oil and gas production was shut and key exporting ports were closed on

September 15, 2020
Total Views: 73

U.S. Defense Department Awards Long-Range Unmanned Vessel Contracts
Defense

U.S. Defense Department Awards Long-Range Unmanned Vessel Contracts

The U.S. Defense Advanced Research Projects Agency, aka DARPA, has awarded contracts to private sector companies as part of a project to demonstrate the use of

September 15, 2020
Total Views: 268

New Break in Greenland’s Largest Ice Shelf Signals Rapid Melting
Shipping News

New Break in Greenland’s Largest Ice Shelf Signals Rapid Melting

By Eric Roston (Bloomberg) –As the summer melt season reaches its peak, the largest Arctic ice shelf has jettisoned a piece of ice twice the size of

September 15, 2020
Total Views: 112