Beijing’s new tariffs on $75bn of goods imported from the US will increase tensions

Shipowners can start hedging their bunker bets against a new futures contract that will be priced against a weighted average of actual bunker trades as guided by pricing agency, Argus Media 

The acquisition of the vessels, one a newbuilding and the other a 2007-built, 38,000 cu m fully refrigerated vessel, marks StealthGas’ entry into new vessel segments

Middle East LPG exports in the second quarter came up to 8m tonnes, up by 200,000 tonnes compared to the first quarter of 2019

The Oslo-listed tanker owner believes the necessary criteria are in place in the backdrop to enhance the VLCC recovery in the markets

In the first half of the year, earnings before interest, taxes, depreciation and amortisation rose 83% to $141m from $77m

LISW comes seven weeks before the UK leaves the European Union. How will that affect the country’s maritime sector? Where will the industry see gains and losses? How can shipping benefit from Brexit?

‘In London, we will discontinue underwriting from November 1. The underwriting will all be done out of the Italian office,’ says Andrea Cupido

Some specialist insurers have announced that insured vessels will automatically still be covered, at no additional premium, until policy renewal, with the new limit applying if it exceeds current policy limits

Broker reports double-digit rate increases for marine cargo, ports and terminals and logistics classes

Marine mutual attributes development to new methodology at ratings agency and stresses its strong capital position and balance sheet

Nick Shaw got the job as chief executive of the International Group after only the second employment interview of his life. Now that he taken over from the renowned Andrew Bardot, he tells Lloyd’s List what he plans to do in the role

Adhering to sanctions can be a straightforward task for the shipping industry. But as a latest story involving P&I clubs and vessels carrying Iranian cargo shows that is not always the case.

Stena Impero, owned by Swedish company Stena Bulk, was captured by the Iranian Revolutionary Guard Corps on July 19

Brightoil has recouped $201.6m from the disposal of three very large crude carriers and one aframax in June, and is expected to recover another $230m-$250m from the sale of the remainder of the fleet

LISW comes seven weeks before the UK leaves the European Union. How will that affect the country’s maritime sector? Where will the industry see gains and losses? How can shipping benefit from Brexit?

Tehran warns any attempt by the US to seize the Adrian Darya 1 — formerly Grace 1 — again will be met with ‘heavy consequences’

‘I have reached the firm conclusion that the process which led to the removal of Captain Rashid’s accreditation was deeply flawed, wholly unfair on him and a serious breach of the principles of fairness and natural justice’ — Mr Justice Martin Spencer

Beijing’s new tariffs on $75bn of goods imported from the US will increase tensions

Adhering to sanctions can be a straightforward task for the shipping industry. But as a latest story involving P&I clubs and vessels carrying Iranian cargo shows that is not always the case.

Singapore’s financial and support infrastructure for the bunkering industry is relatively more developed than its competitors’ but subtle shifts in trade patterns or arbitrage trading opportunities could change things

Charges follow convictions of K Line and NYK for alleged cartel activity in Australia

Shipowners can start hedging their bunker bets against a new futures contract that will be priced against a weighted average of actual bunker trades as guided by pricing agency, Argus Media 

IBIA, IACS, IPIECA and CIMAC among the eight associations publishing the latest implementation guidance

A limited amount of information sharing could greatly enhance safety and reduce fraud, argues Drewry, with most shippers likely to welcome any measure that will help reduce the risk of delay or damage to their cargoes

Nearly a month after 10 Turkish crew were abducted from the Turkish-flagged 8,928 dwt Paksoy 1 general cargo vessel off Nigeria the seafarers have been released unharmed

The were no reports of injuries to the crew and initial checks showed the vessel is stable. The vessel has diverted to Mundra, where it remains for investigations

Safety recommendations suggesting new guidelines and revisions to operating procedures and manuals have been made in the wake of the accident

The shipyard accident is the second involving gas poisoning in just over two months, following another in China at the end of May

NGO Shipbreaking Platform reports one worker died while helping to cut up a former Evergreen-owned containership

Stena Impero, owned by Swedish company Stena Bulk, was captured by the Iranian Revolutionary Guard Corps on July 19

LATEST: Sweden has received `very strong indications' that the Stena Impero is to be released soon, according to Swedish public service broadcaster SVT citing sources within Sweden’s foreign ministry.

Revolutionary Guards deputy commander reiterates that security in the Gulf is the responsibility of Iran and regional countries only

The US State Department maintains the tanker is assisting the Islamic Revolutionary Guard Corps by transporting oil to Syria

The US has issued a warrant to seize the vessel, formerly known as Grace 1, claiming it has links to Iran’s Revolutionary Guards, which it designates as a terrorist organisation

Destabilising behaviour is a threat to Australia’s interests in the region, the Australian prime minister reiterates amid spate of attacks on international shipping in the region in recent months

 

Singapore’s financial and support infrastructure for the bunkering industry is relatively more developed than its competitors’ but subtle shifts in trade patterns or arbitrage trading opportunities could change things

After 40 years in the container shipping industry, including top management roles with carriers and a data provider, the recently retired chief executive of Container Trades Statistics knows the business inside out and is sceptical about the growth prospects of emerging economies. Instead, he is convinced that Europe and the US will remain the two big import markets that will continue to underpin the global box trades

DP World also said its recent acquisitions are performing in line with expectations, with Unifeeder continuing to benefit from structural changes in the market

Cameron LNG is the second LNG plant operating in Cameron Parish after Cheniere Energy’s Sabine Pass LNG, which inaugurated its fifth train in March

At Prince Rupert, the port’s July 2019 containerised imports hit 66,277 teu, a whopping increase of 29.72% over the 51,091 teu recorded at the port in July 2018

‘These figures serve to evidence that ports are playing a vital role in facilitating the British economy’s Brexit preparations’ — the BPA’s Phoebe Warneford-Thomson

Container giant will not follow in competitors’ steps on environmental concerns

IBIA, IACS, IPIECA and CIMAC among the eight associations publishing the latest implementation guidance

There is also a big question mark on the blended fuels, says Teo Siong Seng

Ship finance is not for the faint-hearted — this is one reality investors have to live with, even if they have the benefit of being advised by sustainability reports put out by shipping firms

MSC says larger containerships help it meet its environmental commitments and lower carbon emission per teu

CMB’s chief executive Alexander Saverys believes that hydrogen offers shipping’s best bet to reach a zero-carbon future and he is investing heavily to that end. But even he concedes that things are moving too slowly, and greater collaboration and partnerships will be required before the technological challenges can be overcome. He joins Lloyd’s List editor Richard Meade on this week’s podcast to discuss the industry’s green investment conundrum and why a collective effort is going to be required to hit the industry’s 2050 emissions goals

This week: The United Kingdom government warns the shipping industry and those around it that they must be ready in the event of a WTO-terms Brexit, Iran appears to be thawing to the idea of releasing the oil tanker it impounded after the release of the Iranian tanker seized by British Royal Marines and container lines try to clamp down on misdeclared cargoes

A limited amount of information sharing could greatly enhance safety and reduce fraud, argues Drewry, with most shippers likely to welcome any measure that will help reduce the risk of delay or damage to their cargoes

Call comes after the abduction of 17 seafarers in the Gulf of Guinea

The crew on the Wisdom Marine vessel retreated to the citadel and the master took evasive action

‘It’s interesting that they talk about fines, because I don’t think that in the private sector you can fine people. Usually fines relate to regulators and law enforcement agencies,’ says FIATA acting director general Steve Morris

Nearly a month after 10 Turkish crew were abducted from the Turkish-flagged 8,928 dwt Paksoy 1 general cargo vessel off Nigeria the seafarers have been released unharmed

Logic confirms there are still too many shipyards in the world, scratching around for a living is a world where demand is hugely cyclical, desperately penetrated by politics, with even the world’s biggest finding themselves struggling

Even with this latest order however, DSME has only met 36% of its orderbook target for 2019 so far

The brokerage’s research team says that vessels taken offline for scrubber installations should reduce fleet growth by 1% on average through this year

The assets disposed of include Ouhua’s shipbuilding facilities on Xiaoqian Island in Zhoushan and eight vessels under construction

Chairman Ren Yuanlin’s possible return to the helm is hugely important for Yangzijiang, which is pinning its hopes on a big turnaround in the second half to hit its full-year new order target. The return of the business maestro would inspire confidence that it is heading in the right direction

The first of two 7,500 cu m LNG bunkering capable tankers ordered from Keppel Singmarine was launched at Keppel Nantong in late July and both units were previously scheduled for delivery in the second and third quarters of this year

LISW comes seven weeks before the UK leaves the European Union. How will that affect the country’s maritime sector? Where will the industry see gains and losses? How can shipping benefit from Brexit?

Winners will be announced at the Lloyd’s List Asia Pacific Awards ceremony in Singapore’s Shangri-La Hotel

The use of platforms to provide specialised services could allow carriers to focus on their core strengths

Brightoil has recouped $201.6m from the disposal of three very large crude carriers and one aframax in June, and is expected to recover another $230m-$250m from the sale of the remainder of the fleet

Higher earnings at Navios Acquisition were partly offset by a $4.4m increase in interest and financing cost, and a $3.5m increase in depreciation and amortisation because of a fleet merger

Update: D'Amico International Shipping of Italy also sheds product tanker from a joint venture

Samudera will pump in some of the funds from the sale to fund a potential investment in a company that provides shipping services on domestic Indonesian routes

Two tankers to join the existing company fleet of four container vessels comprising two post-panamaxes and two panamaxes

Mr Jones’ expertise on past and current freight rates, and ability to undertake valuation work will prove valuable, with HFW’s Singapore office handling an average of 200 to 250 ship closings a year