Controversy over Baltic Exchange sale rumbles on Move described as 'the thin end of a very large wedge that threatens London's status as a maritime sector'
Seaco weighs Hanjin ship arrests as it steps up debt recovery action Container leasing giant says it may take until the end of the year before most equipment is retrieved
Capital Maritime snaps up ER Boston cape Third recent cape sale from Err Schiffahrt fleet goes to Marinakis' private stable
Japanese financier buys MR tanker from Concordia Swedish carrier will lease back the ship for eight years
OPDR switches vessels to Hamburg's Süd-West-Terminal Company relocates in search of a dedicated shortsea terminal as Buss Hansa Terminal closes down
Costamare trims dividend as it gears up for difficult container market Owner of 72 containerships takes 'necessary steps', including $760m of debt deals
BW's new Danish finance chief faces challenges Helping pull together the diverse strands of a company mainly located in Singapore and Norway, with Danish leadership, will not be easy
Swissco Holdings mulls $73m note refinancing plan Offshore marine company to discuss plan with noteholders less than a week before next interest payment date
IBK offers refund guarantee to Samsung Heavy Industries Offer helps shipbuilder to seal the latest newbuilding contract
Ports America establishes joint stevedoring venture with Cooper/T. Smith Consolidation of operations and assets aims to more efficiently serve two companies' collective customers
Cosco Shipping clinches transportation and logistics deal in Kazakhstan Company will subcontract part of the work to its South Korean business partners
Bunkering: In the throes of change Singapore's bunkering industry is to explore the use of cleaner fuels at Sibcon 2016
Qatargas and Pakistan ink deal for long-term LNG supply deal Twenty-year supply agreement comes after 15-year contract signed in February
Genco secures extra time to settle loans Covenant waivers extended to October 7
VLCC spot earnings almost double in a week Slowdown is likely in coming days, followed by further rate increases as winter arrives
Hurricane Matthew shuts marine terminals Largest Atlantic basin storm in years forces closure of bunkering, oil storage sites.
TOTE adjusting for Hurricane Matthew US owner continues operations as Hurricane Mathew approaches Haiti, Jamaica and Cuba.
Maritime terminals close on Matthew's approach Largest Atlantic basin storm in years forces closure of bunkering, oil storage sites.
Seadrill jumps on talk of Fredriksen cash Shares jump 28.2% after reports that Norwegian shipping tycoon could inject $1.2bn.
Former Hanjin capesize put on selling block Financial owner of South Korean owner's oldest cape puts vessel on market.
Costamare shares punished after cut New York-listed stock plunges 19.6% in morning trading; Stifel downgrades.
Korea readies ship scrapping incentives Ministries in talks on encouraging older ships out of the fleet to improve emissions performance.
Fredriksen's NADL agrees further rig delay Oslo and New York-listed outfit extends standstill agreement with Sembcorp Marine for West Rigel.
CLdN charters ship to enhance service Short sea specialist adds third vessel from Finland's Bore to its Portugal-Netherlands route.
Star Bulk supramax grounds on Parana Greek owner's bulk carrier is currently obstructing navigation in the main channel.
Shipping lender Woori being sold off Privatisation by Korean government could allow bank to rival bigger compatriots KB Bank and KEB Hana.
InterManager elects Jebsen as president Jebsens CEO takes over from PTC's Gerardo Borromeo.
Costamare nets new loans; trims dividend Greek shipowner explains moves aim to strengthen the containership specialist in difficult market.
Korean banks' bad loans hit new high Major lenders have $18bn of non-performing finance due to shipping and yard crisis.
Eagle Bulk ends six year buying drought Gary Vogel-led owner starts to set growth capital to work with first purchase since 2010, brokers say.
North Sea PSVs approach record lows Dire offshore market takes another lurch southwards amid plentiful tonnage supply.
Neptune Lines breaks into Middle East Melina Travlos-led company is eyeing Far East expansion with new vehicle carrier service.
Concordia Maritime in sale-and-leaseback Japanese deal could be followed by further transactions as owner readies for weaker market.
TOTE Maritime sails despite hurricane US owner continues operations as normal as Hurricane Mathew approaches Haiti, Jamaica and Cuba.
HMM rules out tanker fleet sale Restructured Korean owner says it is not currently looking to exit wet sector following review.
Hanjin Shipping seeks capesize sale South Korean owner's oldest cape comes to market.
Korea considers another $3.4bn DSME bail-out Government wants Kexim and KDB to help restructuring shipbuilder through debt swap and capital reduction.
Swissco seeks notes refinancing Singapore-listed company appoints Ernst & Young to assist with debt restructuring.
Chairman: Hanjin could have been saved Cho Yang-ho also says sorry for disruptions caused by bankruptcy filing.
Samsung wins LNGC refund guarantee Korean yard secures finance for $380m order thought to be from GasLog.
Deutsche Bank slashes Ardmore Shipping estimates Analyst says he is "recalibrating expectations" for the tanker owner's third quarter results.
BW Group recruits Norden man for chief financial officer role Singapore shipowner ends four month hunt for replacement following Gleeson departure in June.
US Coast Guard medevacs man from bulker off Texas Crewman aboard NYK Bulk & Projects vessel admitted to hospital over heart problems.
Mixed day in the office for Transocean Driller secures work for rig laid up for over a year, but news is tempered by another cancellation.
Floatel ties up new accommodation unit to Chevron Newbuilding set to be deployed on the Wheatstone field in Western Australia later this month.
Qatargas to use Q-Flex ships in Pakistan deal World's largest LNG producer inks 20-year term; volumes could grow.
World ACD: Global airfreight market grows for third straight month Global airfreight volumes grew for the third straight month in August 2016, rising 2.3 percent from the previous year, according to the lat...
Maersk taps BigOceanData for vessel tracking Maersk Line has signed a two-year contract with BigOceanData for vessel tracking services, the London-based technology provider said in a s...
Oslo Børs launches tradable shipping index Oslo Børs, the Norwegian stock exchange, has launched a tradable shipping industry index, the exchange said in a statement. The tradable S...
IAG launches aviation startup accelerator program International Airlines Group (IAG), the parent company of IAG Cargo, Aer Lingus, British Airways, Iberia, Vueling and Avios, has launched a...
Cargolux receives 14th 747-8F ahead of schedule Cargolux Airlines has taken delivery of its 14th Boeing 747-8 freighter aircraft ahead of schedule, the company said in a statement. The L...
Executive Moves: Eagle Bulk Shipping, Transervice Logistics and InterManager Eagle Bulk Shipping, an owner and operator of dry bulk vessels,has named Frank De Costanzo chief financial officer, succeeding Adir Katzav ...
Southeastern U.S. ports brace for Hurricane Matthew The Southeastern U.S. is bracing for Hurricane Matthew and its potential impacts at shipping ports as the Category 4 Hurricane inches close...
FRA directs owners to inspect, repair potentially defective tank cars The U.S. Federal Railroad Administration is directing owners of certain Department of Transportation specification 111 (DOT-111) general pu...
Soybean processor expands at Port of Indiana-Mount Vernon Consolidated Grain and Barge Co. (CGB) will expand its operations at the Port of Indiana-Mount Vernon, investing more than $31 million to i...
EPES acquires Atlantic Logistics EPES Logistics, a third-party logistics and freight management firm based out of Greensboro, N.C., said it has acquired Atlantic Logistics,...
Aaron Hendry, Florida maritime industry businessman, dies Aaron W. Hendry, a longtime Florida maritime industry businessman, died Monday at the age of 80. The cause of death was pancreatic cancer....
U.S. turns up heat on WTO compliance decisions The United States said it wants rapid enforcement of recent World Trade Organization (WTO) decisions involving European subsidies for Airbu...
CenterPoint buys warehouse near L.A., Long Beach ports CenterPoint Properties said it has acquired a 116,550-square-foot industrial facilityin Santa Fe Springs, Calif., near the ports of Los Ang...
Norway's Mongstad due back from works shortly It was set to carry out partial works this autumn on half of the refinery, a source close to the company said previously.
NWE HSFO barge structure at five-week low amid weak demand, higher crude The softening structure came after the barges reached a high of $4.50/mt mid-September versus the front-month swap on stronger fuel oil cracks.
St Petersburg bunker prices firm amid strong demand The key bunker grade of 380 CST fuel oil added $2/mt on Monday over Friday's level to be assessed by S&P Global Platts at $182.50/mt.
External: Wired Bunkering
Gibraltar's Peninsula targets 18% bunker sales growth Global head of analysis Will Bathurst says Peninsula will consider expanding physical supply operations
Durban bunkers hit four-month low versus Singapore as Engen restarts The lower Durban price is down to higher-than-expected supply and lower- than-anticipated demand in the region, sources said.
Gulf Petrochem expands into Antwerp with bunker fuel supply operations The expansion into Antwerp comes shortly after its launch into Rotterdam, another key Northwest European market, earlier this year.
FUTURES: Crude lower on rising Iranian exports, stronger dollar
Jakob Bergholdt appointed BW Group's CFO The former CFO Nicholas Gleeson resigned on June 3.
BP Singapore's fuel oil book leader quits Ng had been with the company for more than 20 years.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
