Knot Offshore to issue $50m private placement Company will offer preferred units at $24 each
Tankers face loss of cargoes on West Africa ban Five West African countries are banning high sulphur cargoes from Europe
Eight Swiber executives released on bail Executive chairman and finance chief among those bailed after being interviewed
UK Club hires Devereese
Capital charters in two SK Shipping VLCCs Two-year deal with options adds to Evangelos Marinakis group's growing VLCC position
Supramax bulker rates strongest since August 2015 Rates firm up further in the Atlantic while Pacific region makes some small improvements
Europe to South America market posts September rebound Strong container traffic growth from north of Continent to the east coast bucks 17-month downwards trend for wider southbound trade
GasLog prepares for FSRU debut with $16m equipment order Keppel Shipyard orders long lead items for potential LNG carrier conversion
First American LNG cargo discharged into Italy US wants European customers alongside its South American ones, opening up new LNG trade routes for ships
Vale sells four capes to Polaris for $140m Updated: Ships are named as miner says sale is consistent with strategy of strengthening its balance sheet and focusing on core assets
BW LPG makes changes at Aurora LPG Aurora chief executive and CFO set to leave the company after BW increases ownership to almost 93%
DSME delays drillship delivery Delivery postponed by two years to June 30, 2020
Reasons to be cheerful High scrapping and Far East fixture activity advance the supply side fundamentals, but there is still work to be done to prompt a spike in box charter rates
India designates port-led coastal economic zones Ministry expects measures to help boost the Indian manufacturing sector's competitiveness worldwide
Newbuilding market to remain lacklustre in 2017 Dearth of orders and low-price environment to continue despite recent freight market improvement
Petronet LNG deploys newbuilding for Gorgon LNG project Prachi is on 19-year charter to move Australian LNG to India; Gorgon LNG Train 1 production halted
International Seaways posts first net loss after spin-off from OSG Results dragged down by impairment losses on vessels
Navig8 Product Tankers completes $30m rights offering Company closed Tranche 2 of the offering, raising $3.4m in proceeds
Avic International Maritime unveils more restructuring details Group aims to cut down layers of intermediary companies
Samudera Shipping expects loss for 2016 Fallout of Hanjin bankruptcy continues to have an effect
Pacific Radiance director arrested for alleged corruption Mok Weng Vai is out on bail and has not been charged in court
Safe Bulkers raises $15m, breaks dry spell of equity fundraisers UPDATED: Latest offering priced at $1.1 per share versus Monday's closing price at $1.35
VLCC owners looking to cash in ahead of Opec cut Earnings supported amid expectations that producers will raise output before January reduction
Panamax rates surge to 34-month high Mid-size bulker rates continue to rocket to levels not seen in nearly three years; capes missing out.
No whining on Wall Street for OSG spinoff International Seaways' new leaders say they can't complain about that annoyingly low share price, which then rises.
KOTC seeks tenders for eight tankers Interested shipyards have to submit their applications to Kuwait-based owner by 20 December.
Safe Bulkers could gross $17m in offering Polys Hajioannou to invest $3m in fundraising drive for acquisition cash.
Stolt chemical tanker suffers fire off US No pollution or injuries after situation on one of Stolt-Nielsen's recently acquired ships.
KNOT Offshore raising $50m in equity sale Tanker owner selling new convertible preferred units in deal that could rise to $99m.
Swedish Orient buys ro-ro trio Owner adds modern vessels as Viking Supply sells out of sector.
Tor Olav Troim linked to rig deal Norwegian report claims investor has snapped up two units from failed Hercules Offshore.
Swiber executives released on bail Commercial Affairs Department interviews shipowner's directors but brings no formal charges against them.
Greek bulker abandoned after fire off South Africa All 19 crew picked up safely from Amalthia Marine ship that suffered flooding in engine room after blaze.
Bibby Offshore secures another Shell deal UK owner sending Bibby Polaris to Gannet G field in North Sea.
DSME delays Atwood drillship duo by two years US owner requests postponement to 2019 and 2020.
Vale concludes $140m sale to Polaris South Korean owner boosts its fleet with acquisition of four capesizes from Brazilian mining giant.
NCL refinances with $700m bond sale US cruise line using cash to redeem 5.25% issue due in 2019.
Olympic Ship sells vessel to Swire Pacific Oslo-listed company offloads the 2014-built Olympic Athene to Hong Kong-based rival.
Myklebust takes CEO job at Viking Fjord Shipping boss replacing Christian Berg at offshore vessel company.
Yang Ming urged to merge Politicians want to see tie-up between container line and port company in downturn.
Borge Johansen leaves Aurora LPG CEO departs as BW LPG completes takeover, but will continue to head the owner's VLGC pool operations; CFO Jebsen also leaving.
Box Ships sends nine-year-old duo for scrap Michael Bodouroglou-led shipowner reported to have sent two 2007-built ships for demolition.
Provisions and Hanjin set to hit Samudera Indonesian containership owner tells investors to expect the worst for its end of year results.
Rolf Westfal-Larsen to step down as CEO Bergen-based shipowner set for a changing of the guard with new boss for holding company.
Pac Radiance exec held in corruption probe Executive of Singapore-listed offshore vessel operator potentially facing fine and prison sentence.
Maverick Gunner auction confirmed Singapore admiralty court gives potential bidders until week before Christmas to bid for bulker.
Report hails FAST Act on its first anniversary States and ports need tools and flexibility to adapt to new trade patterns and accommodate increased freight volumes, according to a new re...
Drewry: Ship operating costs likely to rise in 2017 and beyond The cost of operating cargo ships has fallen for two successive years, but is forecast to rise in 2017 and beyond, according to Drewry, whi...
U.S. trade deficit widens in October The U.S. Commerce Department said Tuesday the nation's goods and services deficit for October totaled $42.6 billion, a 17.8 percent increas...
Rail labor groups seek mediation in Class I contract talks Rail labor unions are asking the National Mediation Board to step in as negotiations with Class I railways has "completely stalled," accord...
FTR: Class 8 orders jump 41% in November Net orders for North American Class 8 trucks totaled 19,300 units in November 2016, according to the latest preliminary figures from freigh...
NYK launches finished vehicle logistics company in Vietnam NYK is partnering with Vietnam Ocean Shipping Agency Corp. (VOSA), a shipping agent and subsidiary of state-run Vietnam National Shipping L...
European distillate barge flows to fall as Rhine levels decline Water levels were measured at 107 centimeters at the critical choke point of Kaub, Germany, at 1300 CET (1100 GMT) Tuesday
US Gulf Coast refiners eye open arb for ULSD to Northwest Europe No new vessels have been placed on subjects or fixed, but a Gulf Coast shipping source said he had received multiple inquiries to ship ULSD on the route.
Norway's Asgard crude to load three cargoes in January Asgard is one of the lightest North Sea grades, with a gravity of 48 API, and it is also relatively sweet with a sulfur content of 0.18%.
Danish court names Monjasa as bunker company in fraud case In September the court of Kolding fined Monjasa and gave co-founder and then CEO Jan Jacobsen a prison sentence.
Land transport to use 43 mil mt less oil by 2030, planes, ships to rise: T&E
Bunker group Bomin announces further office closures The move forms part of Bomin's long-term and sustainable growth strategy, it said.
External: Wired Bunkering
FUTURES 2: Crude pares gains on expectations of US products build
External: Global Risk Management
Saudi OSP cuts show Aramco's focus on protecting Asian market share, say traders Move prompted by likely intent to defend market share
OPEC's Barkindo outlines reasons for production cuts
FUTURES: Crude eases from 16-month highs on doubts about OPEC deal
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