TEN predicts stronger tanker spot rates After second-quarter dip, Greek owner eyes a healthier market along with work for new LNG carrier
Danaos urges restraint among Hanjin creditors Despite grievances, charter owner says it is in common interest to avoid hostile action
Maersk to benefit from flight to safety Line remains financially sound in a turbulent market
This time is different for Hanjin counterparties Chaotic bankruptcy process produces a few winners and substantially more losers
Hanjin Vienna arrested in Canada, claims manager Reederei NSB-managed Hanjin Shipping vessels wait at anchor for orders across Asia and the Americas
Container freight rates stabilise after Hanjin bounce Asia-Mediterranean catches up with other lanes, but no further increase on mainlane trades
Globus prepares for reverse stock split Greek bulker owner gets mandate for a split of up to one for 10 to cure Nasdaq share price breach
Standing on the shoulders of robots Automation to empower crew to make better decisions long before it makes them all redundant
Global Ports Investments throughput falls Volumes down but lower costs boost bottom line
HMM to establish 'Mini Alliance' with other Korean shipping lines Vessel-sharing agreement covering four routes will help alleviate disruption from Hanjin Shipping receivership
China Cosco demolishes five boxships Disposal incurs $51.1m in losses
Yangtze River Delta to issue ECA subsidies Scheme to be introduced by end-2016
Korean Air Lines board unable to agree on Hanjin funding Cash injection from group affiliate to be decided in second board meeting on Saturday
Hanjin order rankles creditor quartet Lawyers for Glencore, OceanConnect and others say decision protecting chartered ships from arrest is contrary to law.
Libya, Atlantic Basin boost aframaxes Rates rebound from summer lows, but suezmax split stems can limit upside.
Wells Fargo smiles on pair of LNG MLPs Analysts wades back into bullishness by upgrading Teekay LNG and Golar LNG Partners; Seadrill downgraded.
Citgo appeals Tsakos win in Athos I case Venezuelan charterer seeks to overturn $120m judgment over 2004 oil spill.
TEN makes less but expects recovery Greek tanker owner posts in-line second quarter result and projects a healthier tanker market.
Monjasa expands Channel bunker operations Danish group wins exclusive deal at Tongue anchorage on the Thames.
Asgaard linked to new PSV order Brazilian owner said to have agreed deal for two ships at Vard Promar.
CAI reveals Hanjin box exposure Container leasing company has 15,000 containers in use by collapsed owner.
Jiangsu Ocean orders boxship trio Brokers report deal for Chinese owner at Jiangsu New Yangzijiang Shipbuilding.
Odfjell spends $16.4m to buy back bonds Chemical tanker owner purchases one fifth of debt issued earlier this week.
Korean cargoship sinks off Myanmar All crew rescued from M Star 1 after it capsized in Andaman Sea.
CSCL in $275m sale and leaseback deal Chinese firm signs its first big container deal after its transformation into a leasing firm.
Skuld rings up $29m at half-year Investment return pushes reserves of Stale Hansen led marine insurer to new record despite two large claims.
SeaBird bags Barents Sea work Oslo-listed owner to work with Lundin on new data acquisition project.
Mermaid Maritime secures additional subsea work Thai offshore vessel operator ties up another few small contracts in Indonesia and Malaysia.
Long Beach boss heads for pastures new Board of harbor commissioners at second largest port in the US to oversee search for new CEO.
Marco Polo seeks bond restructuring talks Singapore offshore vessel operator has also appointed KPMG to review its business activities.
Seanergy supramax refloated off Mozambique Quick work by Dutch towage specialist sees vessel refloated within two hours of running aground.
Shipper, terminal operator ask U.S. bankruptcy court to revise Hanjin order A Hanjin Shipping customer and a port terminal operator are asking a federal bankruptcy court to modify an order issued by the court earlier...
SCFI ticks up 2.4% The Shanghai Containerized Freight Index (SCFI) ticked up 2.4 percent today from last Friday's reading of 763.06 to a reading of 781.21. L...
German retailers select Virginia for new distribution centers Foreign investments in new distribution centers near Richmond are expected to pump transshipment cargo into the Port of Virginia and potent...
ITC reviews proposed modifications to U.S.-Morocco FTA The U.S. International Trade Commission (ITC), a non-partisan factfinding agency, has been asked by the Office of the U.S. Trade Representa...
Commerce report reveals metro area export stats A newly released U.S. Commerce Department report shows metropolitan areas exported more than $1.3 trillion in merchandise last year, accoun...
New Bedford terminal to handle offshore wind farm components The Massachusetts Governor's Office signed a letter of intent this week with three large offshore wind farm developers to lease the New Bed...
Commentary: Hanjin the unlucky gazelle? It's hard not to feel like Hanjin Shipping was the gazelle that happened to be on the outside of the herd when a hungry pride of lions was ...
POLB CEO announces resignation Jon Slangerup has announced his resignation as chief executive officer of the Port of Long Beach, the nation's second largest container por...
Alabama & Tennessee River Railway increases train speed Alabama & Tennessee River Railway, LLC (ATN) is increasing the speed of its trains traveling between Birmingham and Gadsden, Ala., effe...
NEWS FLASH: Shipper, terminal operator ask U.S. bankruptcy court to modify Hanjin order A Hanjin Shipping customer and a port terminal operator are asking a federal bankruptcy court to modify an order issued by the court earlie...
Stone boosting New Orleans barge rate in move against lower fuel prices: trade According to Stone's New Orleans bunker barge notice as of August 30, the company revised higher its flat rate for general harbor deliveries to $11,375, effective October 1, and matching its competitors.
RUSSIA DATA: Ports' Jan-Aug crude, oil products throughput up 3.1% Russian tax changes in January 2015 meant export duties were cut on crude and products. That made export netbacks more attractive and boosted export flows, market sources have said.
Statoil North Sea to China Atina fixture likely to be Ekofisk The company will co-load the parcel with ConocoPhillips' C11977 equity cargo, loading September 20-22, into a 1.2 million-barrel Suezmax sized cargo.
Iran needs to show 'flexibility' on oil output Boutarfa said Algeria would put forward a proposal to the informal meeting of OPEC oil ministers in Algiers on the sidelines of the International Energy Forum on September 26-28.
China crude imports rebound in Aug despite lower runs, pushes excess to tanks China's state-owned oil refiners Sinopec, PetroChina and China National Offshore Oil Corporation, planned to operate their plants at an average of 80% of nameplate capacity in August
Oil complex weakens as traders take profits from Thursday's rally NYMEX October crude settled down $1.74 at $45.88/b. ICE November Brent settled $1.98 lower at $48.01/b.
External: Praxis Energy Agents S.A
External: Wired Bunkering
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S Korea rules out crude supply disruptions in wake of Hanjin bankruptcy VLCC sailing from Saudi Arabia to South Korea ischartered, which means creditors can't arrest the carrier.
Piracy ebbs in Southeast Asia waters on lower oil price, better law enforcement Better safeguards, more stable geopolitical conditions in Southeast Asia compared to some other regions also help curb piracy
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