Handysize bulkers climb to near three-year high Market participants expect strong week ahead
Kuwait to build tankers for national fleet Following footsteps of other Middle Eastern producers in enhancing supply chain, Opec member to order oil tankers and VLGCs
New owner for V.Group Companies agree to undisclosed fee as current majority owner will reinvest in V.Group
Greek Shipping Awards 2016 attended by record 1,200 guests in Athens Winners include Laskaridis, Hajioannou, Efthymiou, Thenamaris and Samos Steamship
Banking crisis ramps up pressure on shaky Italian owners Nine out of ten local shipping outfits close to the edge, finance sources warn
Keeping Hamburg's traditions alive Nils Aden is leading ER Schiffahrt's efforts to move with the times, while keeping hold of the best of German traditions
BW LPG to become main Aurora LPG shareholder Company expected to increase stake in Aurora by over 35% as acquisition offer expires on Monday
Better times returning for strong container lines Maersk Line's Robbert van Trooijen says the vessel supply-demand gap is now closing and financially stable carriers are winning market share
Seanergy sticks to vessel acquisition strategy even as net loss widens Athens-based dry bulk owner expects market volatility to continue
Trump election rounds off shipping's annus horribilis Just when container lines thought conditions could not get much worse, so the spectre of protectionism has returned
An unwelcome outcome Germany's non-operating owners facing crunch in coming period
NYK sets up Vietnam joint venture to transport imported vehicles NYK will take 80% shareholding in JV
Gulf Navigation forms joint venture with CSIC yards Consortium to ramp up shipyard activities in the northern region of UAE
DP World sets up $3.7bn investment vehicle with Canadian pension fund Platform to invest in ports and terminals outside of United Arab Emirates
Hyundai Mipo secures LNG bunkering vessel order from Bernhard Schulte Delivery scheduled for the second half of 2018
Hanjin schedules rehabilitation update meeting on Friday Independent auditor to present findings
Rotterdam raises port tariffs by 0.3% Increase in in line with three-year deal with trade and industry associations
Seized bulker Maverick Gunner put up for sale by Singapore Vessel valued $13.05m
FSL Trust exits Singapore exchange watchlist Trust managed to raise market capitalisation to comply with listing regulations
OSG hires shipping outsider for CFO job Christopher Wolf to replace Rick Oricchio as finance chief; Susan Allan joins as general counsel.
Safe Bulkers preps fundraiser to buy ships Polys Hajioannou to invest in New York-listed shipowner as it considers second-hand purchases.
Offshore vessel shares rally as oil ticks up GulfMark, Tidewater and Hornbeck all continue rebound alongside oil prices.
GasLog readies pieces for FSRU conversion No firm deal in place yet, but Peter Livanos-backed company at the ready on FSRU.
Royal Boskalis pulls back Fugro stake Tug and salvage giant, which had been seen as a takeover suitor, reduces holding in Dutch seismic and subsea vessel owner.
ICS: Somalia piracy threat still high Shipowners group praises decision to extend Operation Atalanta until the end of 2018.
OSG spin-off starts with a loss International Seaways reveals $50.9m net deficit in the third quarter due to lower tanker rates.
Crew evacuated after cargoship grounds Rosshipcom vessel gets stuck near rocky shore in Sea of Marmara.
OMERS sells V.Group to Advent International Private equity firm takes over UK-based shipmanagement company and eyes geographical expansion.
Tschudi targets Mozambique OSV market Norwegian owner forms new company to win African offshore business.
Court rules on Hanjin Shipping cape Bank free to sell bulker but judge imposes condition that could influence choice of buyer.
Taiwan Navigation falls to a loss Bulker owner hit by falling revenue in the third quarter.
UK Chamber launches shipping film "Delivering for Britain" brings UK's maritime industry under the spotlight.
OOCL ship's dumping detention upheld Appeals tribunal says Australian inspectors were right to hold OOCL Le Havre after food waste was chucked overboard.
Analysts crunch tanker sums after Opec cut Morgan Stanley lowers 2017 VLCC forecast while Credit Suisse says move is negative on the surface.
Tanker and LPG carrier collide in Ceuta Furtrans vessel suffers minor damage in scrape with moored Unigas vessel.
Allseas buys Volstad's new OCV Heavy-lift group snaps up Norwegian owner's Volstad Oceanic.
Fugro's deal with Shelf Subsea falls through Dutch subsea specialist cans plans to sell its Asia Pacific business for $14.9m.
BW LPG increases its stake in Aurora LPG Singaporean owner receives more acceptances for shares in Norwegian VLGC specialist.
Market watches Nisshin deal on price Japanese owner rumoured to be selling kamsarmax for a price ahead of failed deal in February.
Schulte LNG bunker newbuild confirmed Hyundai Mipo signs one-plus-one deal for LNGBV with German owner.
Clarksons: OSV orders drop 96% UK broker says offshore vessel contracting will remain depressed for the next couple of years.
Gulf Navigation launches shipyard bid Tanker owner teaming up with Chinese yards for operations in the UAE.
DSME plans IT business spin-off Restructuring yard says an information systems company will stand alone in January.
DP World teams with CDPQ in $3.7bn fund Dubai-based terminal operator launches venture with one of North America's largest pension funds.
Handysize bulker suffers fire off UK coast Salvors are currently on board vessel to carry out an assessment and identify port of refuge.
Suezmaxes move downward Aframaxes continue to rise and VLCCs hold steady, but products tankers sink.
Scotline snaps up general cargo vessel UK shipowner says difficult times are providing opportunities for it to enhance its fleet.
BP sanctions Mad Dog Phase 2 project Gulf of Mexico offshore development to be brought on-line at less than half original $20bn cost.
Hamburg Süd employees seek job protection Approximately 500 employees of German ocean carrier Hamburg Süd demonstrated Friday at Rathausmarkt, the center square of Hamburg, seeking ...
American Shipper survey on the FMC The business relationships between shippers and shipping lines are under tremendous pressure these days, given the huge structural change g...
Drewry: Idle containership fleet size has soared The size of the idle containership fleet hasdoubled in the past year, from 238 ships with 900,000 TEUs ofcapacity in November 2015 to 435 s...
CBP depends on international engagement to manage trade, Kerlikowske says CBP Commissioner Gil Kerlikowske speaking at Trade Symposium Source: U.S. Customs and Border Protection To what extent the United States, u...
U.S. Coast Guard approves ballast water treatment system The U.S. Coast Guard said it issued the first U.S. type-approval certificate for a ballast water management system Friday. The Coast Guard...
BCG: Oversupply of containership capacity could worsen The Boston Consulting Group (BCG) said that oversupply of containership capacity could worsen in coming years. In a report titled Sailing ...
Panama bunker fuel hits 16-month high on firm demand "Prices are up in Panama pretty big time," one Panama-based trader said Monday. "So it makes it less attractive to fix."
Med HSFO cargoes at biggest discount to NWE barges in a year In five of the last seven years, December has shown the biggest discount for cargoes compared with barges.
NWE fuel oil barges rise from six-month low on strong demand, poor supply Attractive premiums in Asia led traders to fix five VLCCs to load this month from Rotterdam to Singapore.
TENDER DATA: Tupras offers 30,000 mt of HSFO for Dec 20-22: sources
External: Wired Bunkering
FUTURES: Crude rally pauses ahead of Doha meet
S Korea's Kogas to invest $9 mil in LNG bunkering infrastructure at Tongyeong LNG being promoted against the backdrop of stricter environmental concerns
- 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
