Owner who ordered scuppering on hook for unlimited liability Atlantik Confidence sinking deliberate and thus not protected by LLMC convention, rules Admiralty Court
Supramax bulkers steady as EU slaps duties on Chinese steel Earnings hold above $7,000 per day as China returns from holidays
VLCCs hit $40,000 per day for first time since June Fresh Basrah cargoes could lend further support to spot rates, while West African output continues to have a positive influence on VLCC demand, as does Opec
Sovcomflot ditches joint venture with Swire Pacific Offshore Russian tanker giant to buy two icebreaker PSVs, says law firm
Nikitin wins $60m damages against Sovcomflot Commercial court rules for Russian owner whose cash was frozen during court battle
NYK launches new Vietnam-Thailand car carrier service Japanese shipping giant switches to port of Hai Phong as it looks to increase car deliveries into Vietnam
Hanjin Xiamen arrest likely to be overturned on appeal Courts will be mindful of national interest in seeing major carrier rehabilitated, legal source argues
Jera to acquire EDF Trading's coal and freight business Acquisition brings together expertise in Atlantic and Pacific basins
Liberian Registry boosts presence in four countries London, US, Istanbul and Panama offices see new additions
French government wants a say in any sale of STX France Shipyard at Saint-Nazaire is a major employer in the region
Panama Canal Authority seeks proposals to develop Corozal container terminal Bidders have until February 3, 2017 to present their proposals for the 20-year concession
Courage Marine to sell off property investment units Sales to net company $18,638 in gains
Singapore Maritime Institute appoints Sembcorp Marine boss as chairman Wong Weng Sun takes over from Pacific International Lines' SS Teo on January 1
Restis cleared of financial crime allegations after three years Amounts loaned by former Restis-controlled bank were just loans, court conclude
IEA sees fourth-quarter rebound in crude demand Normal winter seasonality should dirty tankers, but clean tankers may see flat demand.
Seaport cuts estimates for tanker companies Seasonal squeeze on rates worse than anticipated; 2017 rate outlook also trimmed.
Teekay Tankers exits MR sub-sector New York-listed owner has completed the sale of its final medium range products tanker, sources say.
Laid-up ferry partially sinks Carmen Ernestina's port side flooded in Puerto la Cruz, Venezuela.
UK PSVs sell-out as layups rise Long tonnage list disappears through busy fixing and stacking.
BOC makes first e-payment for ore shipment Chinese bank uses Bolero system to speed up cargo deal in Australia.
SCF to pay Yuri Nikitin $60m plus interest UK judge calculates amount Russian could have made from resales if state owner had not frozen his money before fraud trial.
Moody's mindful of German bank exposure
Hanjin-chartered ships under threat in US Judge orders owner to reveal when third-party vessels come off hire so creditors can move against them.
Remoy fights back with new venture Age Remoy launches fresh OSV vehicle on the day Solstad won approval for Rem merger.
Panama Canal moves ahead with new port plan Authority asks for proposals from APM, PSA and others to build and run Corozal terminal.
Boxship brace head for Indian scrap heap CMA CGM and Hansa Treuhand add to containership demolition derby.
VLCC spot rates stay on upward curve Momentum remains with owners with earnings out of the Middle East up by 50% in past week.
Court mulls piecemeal sale of Hanjin Seoul bankruptcy court believes separate disposals of owner's business will realise more value.
First Hanjin ship arrested in Korea Bankrupt company appeals against boxship seizure by WFS as single-purpose ownership loophole threatens other vessels.
Yemen war risks spilling over into shipping lanes US warns vessels to operate under heightened state of alert.
Ancora Investment sells last Nokbong chemical tankers Series of IMO II-class vessels appear to have been a very profitable investment for Greek shipowner.
Schneider National drives toward IPO in 2017 Schneider National said it will seek an initial public offering of its common stock in 2017. "The objectives of the planned transaction ar...
DOT orders Georgia trucking company to cease operations The U.S. Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) said LaGrange, Ga.-based trucking company, Indu...
Port of Oakland container volumes slide 5% in September The Port of Oakland in September saw container volumes slide 5 percent to 187,540 TEUs compared with the same 2015 period, according to the...
Judge rules NVOCC free from paying Hanjin for cargo carried by other carriers Hanjin Shipping is relinquishing the right to claim freight charges on U.S. export shipments from the shipping and freight forwarding compa...
UPS orders more hybrid delivery vans UPS plans to add 200 new hybrid electric delivery trucks to its fleet beginning in January, the company said Tuesday. Earlier this year, t...
NYK expands Thailand-Vietnam car carrier service Nippon Yusen Kaisha (NYK) Line has expanded its automobile transport service in Northern Vietnam, the company said in a statement. The Jap...
UK airports post boost in cargo volumes The London Heathrow Airport and the Gatwick Airport both reported boosts in cargo throughput in September compared to a year prior. The Lo...
Hurricane Matthew causes delays at Port of Savannah Georgia Ports Authority (GPA) officials are breathing a sigh of relief after Hurricane Matthew produced much less damage at the Port of Sav...
MOL joins Asia-Mid East loop Japanese liner carrier Mitsui O.S.K. Lines (MOL) is joining Wan Hai and PIL's jointly operated CMS loop this week. MOL's most recent onlin...
ACP prequalifies four firms to bid on new container terminal The Panama Canal Authority (ACP) said ithas issued a request for proposals to four pre-qualified port operators selected to compete for the...
NEWS FLASH: Hurricane Matthew causes vessel delays in Savannah Georgia Ports Authority (GPA) officials are breathing a sigh of relief after Hurricane Matthew produced much less damage at the Port of Sav...
dnata strengthens cargo operations in Dubai Air services provider dnata launched a new customer service center in Dubai for export cargo customers, the company said Monday. The new c...
NEWS FLASH: Schneider National drives toward IPO in 2017 Schneider National said it will seek an initial public offering of its common stock in 2017. "The objectives of the planned transaction ar...
Savannah still closed due to damaged navigation aids; Charleston, Jacksonville reopen Operations at the port of Savannah, Georgia, including bunkering, have yet to resume after the southern US Atlantic Coast's visit from Hurricane Matthew
Supply glut indications, stronger dollar weigh on crude oil futures NYMEX November light sweet crude settled 56 cents lower at $50.79/b, while ICE December Brent was down 73 cents at $52.41/b.
FACTBOX: Some European, Russian refinery maintenance coming to a close Works in Russian refineries were concentrated predominantly in Siberia, where operations at all three refineries -- Omsk, Achinsk and Angarsk -- were affected to a various degree.
REFINERY NEWS: Socar buys OMV's Aliaga import terminal for STAR refinery A consortium led by Azeri state oil company Socar has bought the Aliaga import terminal belonging to Turkey's largest petroleum distributor OMV Petrol Ofisi
Bullish crude pushes bunker prices to multi-month highs On Monday, 380 CST fuel oil was assessed at $288/mt delivered, its highest point since August 3, 2015.
Rotterdam ULSFO at narrowest discount to MGO in eight months "Indeed it has got a lot more expensive, it's mainly to do with bad availability," said one bunker supplier
External: Wired Bunkering
FUTURES: Expectations of higher US stocks weigh on crude
Delaying IMO sulfur cap would only put off bunker price rise: consultant The decision to set the global cap on bunker fuel for 2020 or 2025 would see the price of bunker rise as demand for low sulfur distillate material increases.
TANKERS: Caribbean VLCCs climb to 16-week high on firming overseas markets The rise was so abrupt, that at one point a shipbroker said it was difficult to draw an accurate bead on where the market was sitting.
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