Hanjin ships remain at sea rather than berth Ports report that vessels are staying outside harbours after receivership move
Oldendorff delays new capesize deliveries to 2017 EXCLUSIVE: Private German dry bulk owner takes delivery of one new vessel now as scheduled
Neither indispensable nor too big to fail The indispensability of shipping is hardly something individual shipowners have the luxury in today's market to sit back and enjoy
China Merchants Port Holdings profit slides 39% Container throughput at the company's ports was up 11.1% to 46.1m teu
Insured values continue to fall, Cefor statistics find Declines particularly pronounced for bulkers and OSVs
Suezmax tanker earnings surge across most regions Modest recovery triggered by West African cargoes, fuel oil arbitrage to Singapore
Ship Finance International sees gains in first half of 2016 Profits rise but are lower than in 2015
Golar LNG looks beyond loss to tentative recovery As it awaits shipping recovery, Golar progresses with its regasification and liquefaction ventures
VLCC cancellations at STX more likely than price renegotiations, says Frontline Tanker giant has four new VLCCs on order at struggling STX shipyard
MR tanker rates rebound sharply in Atlantic as arbitrage trickles through But traders worry the transatlantic volumes may be temporary
Panamax bulker rates drift lower on ample tonnage Coal supply disruption reported in Colombia as weighted time charter average falls to three-week low
Cosco and Evergreen sideline Hanjin Shipping Other box carriers could be positioned to gain from coming market turmoil
Sovcomflot expands involvement in Sakhalin-2 offshore project Platform supply vessels will be under long-term charter contracts with Sakhalin Energy
Hanjin Shipping collapse rocks fragile container trades CHYKE partners and shippers most at risk
Huarong looks to issue equity amid profit losses Shipbuilder lays out plan to cut down debt
Shipper cargoes at risk from Hanjin vessel arrests Organisations advise shippers to seek legal advice
Impairments loss weighs on Jinhui shipping Bulker owner in talks with lenders over debt-restructuring scheme amid tightening liquidity
Skuld poaches industry veteran Howe from North P&I New signing brings over 40 years of shipping and insurance experience
Awilco LNG stays in the red with $11.5m loss But Oslo-listed LNG player believes tables are starting to turn
Hanjin Shipping faces vessel detention and slot booking cancellations Cosco Container Lines says it has ended its slot exchange with the South Korean shipping line
Frontline succumbs to tanker market slowdown Tanker giant expects second half of year to be significantly weaker than the first
MOL to record $184m gain from sale of JF Hillebrand stake Sale follows review of non-core assets
CSSC Offshore & Marine Engineering posts $5.6m net profit Contributions from shipbuilding sales and a weakened Chinese yuan helped lift bottom line
Singapore unveils sea safety drive Move aims to bring together maritime players worldwide to share best practices
Hanjin files for court receivership UPDATED: Group to make decision on restructuring plan's status after the court reviews its application
High US inventories keep lid on cargo container traffic Hanjin's absence from US market may not make much difference as cargo traffic down.
Frontline keeps faith in tanker rebound Tanker owner's chief executive says rates will rise from current slump, though won't reach 2015's heights.
Aframax rates bounce from depth of trough Spot market 'finally on the move' with 21.8% jump in one day.
APM plans $70m spend for US East Coast Port New berth aims to ready APM's New Jersey facility to take newer, bigger boxship.
Frontline hangs onto cash for acquisitions
Rokke's Aker pumps $60m into Solstad Oslo-listed holding company subscribes to shares and convertible loan as part of restructuring of offshore vessel owner.
Wells Fargo: Don't write off Hanjin risks Lengthy receivership process not priced into models, analyst warns as he advises of headwinds.
Golar posts loss and FSRU awaits payment LNG shipowner cites better utilisation during the quarter, but rates still remained low.
Anne Mokster: 'worst-ever' offshore market ONS conference opens against background of doom and gloom for owners.
Golar's second-quarter loss below estimates LNG shipowner says utilisation improved during the quarter, but rates still remained low.
SFI in the money despite weak market But the bottom-line result posted by John Fredriksen's company narrowly missed the market's consensus.
DSME in European charm offensive CEO Jung Sung-leep visits shipowners to reassure them over yard's financial health.
Statoil tears up Brazilian PSV charter Norwegian major returns CBO ship early, but keeps on two more.
MPC moves closer to $891m asset sale German owner expects to finalise disposal of up to eight vessels "in the course of September".
Genco stretches equity deadline two weeks Peter Georgiopoulos-led shipowner given extra time as it continues to work toward refinancing bank loans.
SCF takes on Sakhalin PSVs Russian owner buys Swire Pacific Offshore out of ice-breaking supply vessel partnership.
GMS makes less but remains "solid" London-listed company sees profit decline but is cautiously optimistic thanks to high utilisation.
Iraq's SOMO blacklists three tankers A vessel owned by Maran Tankers is among the ships not allowed to enter Iraqi ports due to Kurdish business.
ICG stretches two ro-pax charter deals Irish ferry and boxship group also announces hike in profit for first half.
Rieber takes $40m impairment hit Norwegian seismic shipowner falls to loss in second quarter as fleet value chopped.
Citibank downgrades Maersk, shares fall Investment bank says strategic review of Danish conglomerate can do little to fix poor markets.
James Fisher edges up tanker profit UK owner benefits from improved spot rates in second quarter.
Awilco loss widens but CEO is optimistic Norwegian owner sees deeper red but gets $8.4m compensation from Chinese buyer as the market picks up.
Frontline reveals $868m of loans for newbuildings Fredriksen company close to sealing financing for shipyard programme as profit drops.
Hanjin Shipping vessel arrested in Singapore Detention comes as South Korean parent company finally files for court receivership.
Unions challenge Boskalis over large job cuts ITF backs Nautilus International in fight to stop cutting and downgrading of seafarers' jobs.
CSCL slumps to a major loss in the first half Chinese containership operator turned ship leasing company feels the impact of weak liner market.
Statoil strengthens strategic partnership with Petrobras Norwegian and Brazilian oil majors look to build on each other's respective expertise.
U.S. agency validates one of MacroPoint's patents The third-party load tracking visibility provider MacroPoint said Wednesday it has won a patent related to its technology for tracking the ...
UPS pilots ratify new labor contract UPS Inc. pilots represented by the Independent Pilots Association (IPA) voted today to ratify a new five-year labor contract, according to ...
Commentary: Tender is the season Gary Chisamore Shippers typically have three expiry dates for their ocean rates: year-end (for exports), spring (for imports) and their fis...
APMT to invest $70m at Port of New York/New Jersey APM Terminals (APMT) announced Wednesday it will invest $70 million to expand and modernize its Port Elizabeth terminal at the Port of New ...
Freightos acquires air cargo rate provider WebCargoNet The online freight rate marketplace Freightos on Wednesday acquired the air cargo management provider WebCargoNet for an undisclosed amount...
U.S. finds dumping of Chinese truck, bus tire imports The U.S. Commerce Department has determined that truck and bus tires from China are dumped on the U.S. market at less than fair market valu...
Rickmers Group posts net loss for first half 2016 Rickmers Group, an international provider of services to the shipping industry, vessel owner and ocean carrier, reported a net loss of 131....
Hanjin Shipping files for court receivership Hanjin Shipping, the largest container shipping company in Korea and seventh largest in the world, has filed for court receivership accordi...
MOL partners with YNU on ocean shipping data analytics Mitsui O.S.K. Lines, Ltd. (MOL) and its subsidiary MOL Information Systems, Ltd. have partnered with Yokohama National University to study ...
DOT helps fund state tests to fuel Highway Trust Fund The U.S. Transportation Department's Federal Highway Administration (FHA) said it will release $14.2 million in grants to seven states thro...
NEWS FLASH: Hanjin files for court receivership Hanjin Shipping, the largest container shipping company in Korea and seventh largest in the world, has filed for court receivership accordi...
Court dismisses suit against Waterfront Commission of New York A federal appellate court has affirmed the dismissal of the federal complaint filed against the Waterfront Commission of New York Harbor by...
Swedish conglomerate taps DHL for ocean freight Swedish manufacturing conglomerate New Wave Group has signed an exclusive three-year contract with DHL Global Forwarding for ocean transpor...
Cincinnati firm marries parcel trucks and drones Workhorse's eight-rotor "octocopter" called Horsefly, which can launch from the roof of the delivery vehicle and navigate to the desired del...
USDA considers persimmon imports from Japan The U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) is proposing to allow the import of fresh persimmon...
TANKERS: Norway's Frontline sees major weakening in tanker market in H2 Downward pressure on rates has continued into Q3
Extra Saudi power generation demand tightens Med HSFO market The front-month HSFO Med swap has risen to $238.25/mt on Tuesday from $226/mt on August 15.
US DATA: EIA says USAC fuel oil stocks at highest since May Since the week ended August 5, USAC stocks have risen by 1.024 million barrels, and are up 1.683 million barrels from the same point last year, data showed.
CGT blockade not affecting oil operations at Le Havre The port of Le Havre in northern France was blocked Wednesday by CGT dock workers protesting against the arrest of two of their colleagues earlier in the day, according to Le Monde news website.
TANKERS: Traffic closed on Bosporus Strait due to engine problem on Aframax Together the Bosporus and Dardanelles form the only commercially navigable route from the Black Sea to the Mediterranean.
External: Praxis Energy Agents S.A
External: Wired Bunkering
Iraq will support a production freeze at OPEC's next meeting, says Abadi Unclear if Abadi was referring to unscheduled meeting in Algeria in September or OPEC's regular meet in November.
Ecuadorean suppliers not quoting bunker prices due to lack of product: sources
Oslo-listed bulk shipper Jinhui reports Q2 loss, sees more pain in dry bulk Jinhui, reporting a second quarter net loss of $21 million, said the dry bulk shipping market remained under pressure from depressed freight rates as the global economic recovery remained slow.
ANALYSIS: South Korea a bright spot for fuel oil demand Heat wave likely to keep demand strong in coming month
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