China's deteriorating fuel demand stands out in product tanker markets Spot market focuses on hurricane damage in US amid falling earnings
Sovcomflot and Swire continue co-operation despite ending offshore joint venture Russian tanker giant attributes move to decision to acquire two PSVs
Work starts on $130m Iraqi terminal expansion ICTSI-controlled terminal at port of Umm Qasr to have 600 metres quay and 50 hectares yard area
2M plans resumption of transpacific string Revised TP1/Maple service to set sail later this month, as MSC quashes suspension reports
IMO's low-sulphur cap is potential catalyst for US oil export boom Increase in the use of suezmaxes for US crude exports to Asia, according to McQuilling
Hanjin collapse highlights vulnerability of supply chains Korean line's bankruptcy likely to accelerate ongoing processes of shippers to reduce costs and risk by shortening supply chains
MOL orders coal carrier from Imabari Shipbuilding Vessel expected to be delivered in first half of 2020
Enough about load factors, says Cosco Shipping president Price rivalry has led to lower service quality and damaged customer relationships, says Wang Min
PSA invests in China's rail container terminals Takes 15% stake in inland multimodal facilities
Swissco suspends stock trading after halting payment to noteholders Offshore provider will form a debt restructuring plan but maintains it can still stay afloat from business operations
Hanjin Shipping lays off US employees Move not related to court-led receivership, Hanjin says
Samsung Heavy Industries wins $220m tanker order Deal comprises two 113,000 dwt tankers and two 157,000 dwt tankers
MHI mulls fate of cruiseship business after losses Committee formed to evaluate viability of continuing with cruiseship projects after AIDA setbacks
Newbuild prices expected to fall further in 2017 Chemical tanker market can overcome excess tonnage in a couple of years, says Aurora Tankers head Kenny Rogers
Moody's concerned about German banks' shipping loans risk Exposure to industry in midst of downturn is significantly higher than that of their European peers
Kalmar clinches terminal tractor order from Gulftainer Deliveries scheduled between October and the first quarter of 2017
Singapore boosts maritime co-operation with Norway Around 10 co-operation agreements were signed between institutions and industries participants from both countries
Ultrapetrol chief executive resigns Damian Scokin replaced by chairman Ojea Quintana at struggling shipowner.
Navios sued over preferred share deal Class-action litigation by investor claims exchange offer is 'coercive'.
Stretched shipowner scuttled bulker Intent to cast away vessel leaves principal of Turkish shipping group exposed to large cargo claims.
Algoma sells land for lakers' financing Great Lakes-focused bulker owner says property sale will help finance newbuildings.
Canada's Algoma swaps land for lakers Great Lakes-focused bulker owner says property sale will help finance newbuildings
Ruperti strikes deal to end Novoship battle Venezuelan businessman reaches full settlement with SCF Group-controlled tanker owner.
ICBC: shipping a good way to spend money Expanding Chinese lessors win thumbs up from traditional shipping banks, TradeWinds Shipowners Forum in Hong Kong hears.
'No magic solution' to newbuild finance But Keystone lawyer Simon Murfitt says there are still options for owners looking to fund new vessels.
3,000 creditors lodge Hanjin Shipping claims Collapsed owner reveals list of those seeking to recover cash, with potentially more to come.
Wilhelmsen sees significant openings
Fish freed as cargoship hits sea farm Estonian vessel makes contact with steel cages off Denmark.
CSCL plans to sell stock worth $1.79bn China Shipping Group will take part in the share issue to increase its stake to 43.25%.
Otto Marine buying back $51m notes issue Deal is part of offshore owner's delisting from Singapore exchange.
Indian bulker under Australian scrutiny Local authorities investigate a Chowgule-owned ship over unpaid wages and dire onboard conditions.
Swissco cannot pay interest on notes Singapore offshore shipping group invites investors to form steering committee as it eyes vessel sales.
PSV rates hit £10,000 per day Earnings quadrupled in the North Sea after the UK sold out of tonnage.
Hanjin Shipping axes 127 US staff Korean owner's bankruptcy leads to jobs losses at New Jersey base.
CBI to spend $3.8bn on LNG carriers Little known investment company has plans to order up to 20 LNG carriers at South Korean yards.
Hanjin can't charge for undelivered cargo US judge says Korean owner will not be able to seek payment for boxes it could not get to final destination.
PGS expects slight dip in profit Norwegian survey ship player also says revenue likely down in Q3, but hails strong performance.
Globus reveals reverse stock split ratio US-listed Greek bulker owner looks to regain compliance with Nasdaq listing requirements.
Samsung Heavy bags Viken tanker foursome Korean yard adds to recent LNG orders with deals for aframax and suezmax tonnage.
Mermaid rate haircut saves Saudi IRM deal Thai-backed offshore contractor retains long-term contract, but at greatly reduced charter rate.
Globus Maritime announces reverse stock split ratio US-listed Greek bulker owner looks to regain compliance with Nasdaq listing requirements.
Mermaid forced to take haircut to save Saudi IRM deal Thai-backed offshore contractor retains long-term contract, but at greatly reduced charter rate.
Containership values plunge even further after Hanjin's bankruptcy filing Containership values are plunging and other liner companies could write down the value of their container shipping businesses as Japan's la...
Spectre orders 737 freighter conversions Spectre Air Capital, an aircraft lease-finance firm, said it has ordered 15 Boeing 737-700 and 737-800 passenger planes to be converted to ...
FourKites secures $13m in Series A funding Real-time truckload tracking and visibility startup FourKites has secured $13 million in Series A funding, the company said in a statement....
New federal rule simplifies CDL process for vets The Federal Motor Carrier Safety Administration on Thursday will officially publish a final rule amending its commercial driver's license (...
Commentary: 'The Amazon Effect' and Operation New Hope American Shipper's IT Editor Eric Johnson gave a presentation at the Council of Supply Chain Management Professionals (CSCMP) Roundtable in...
Fleet adds credit card payment function to forwarding platform The online marketplace for freight forwarding services Fleet this week said it has added a new booking and payment function. The new featu...
ITC to update assessment of U.S. import constraints The U.S. International Trade Commission has started to update its report on the effects of significant U.S. import restraints, such as tari...
Sun Terminals worker killed in truck collision at Port Everglades A Sun Terminals employee was killed in truck collision at Port Everglades Monday, according to a statement from the Broward County Sheriff'...
ARC welcomes its newest U.S.-flag ro/ro ship American Roll-on Roll-off Carrier (ARC) welcomed its newest U.S.-flag RoRo ship, the Patriot , to its fleet on Friday during a ceremony at ...
Home improvement product maker taps CEVA for distribution services in Italy Home improvement product maker Leroy Merlin has tapped CEVA Logistics for warehouse and distribution services in Italy, CEVA said in a stat...
Executive Moves: Globe Express Services, BSM and Cargotec Globe Express Services has named David Bennett president of the Americas. Bennett, a 30-year industry veteran, had previously held senior ...
Port of Tema undergoes $1.5b expansion The Ghana Ports and Harbours Authority (GPHA) said Tuesday construction commenced on the $1.5 billion expansion project at the Port of Tema...
Mallory Alexander expands in South Florida Mallory Alexander International Logistics is expanding in Miami, Fla., the company said in a statement. The Memphis, Tenn.-based third-par...
BMW expands parts distribution deal with K + N The BMW Group is expanding its spare parts transportation and distribution services contract with Kuehne + Nagel, the Swiss-based third-par...
Cathay Pacific launches new cargo service to Australia Cathay Pacific is launching a new cargo service to Australia starting Nov. 21, subject to governmental approval, the company said in a stat...
DOT grants help two non-profits with hazmat training The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) has awarded $1 million to two non-pr...
FAA hits Amazon with another hazmat penalty The U.S. Department of Transportation's Federal Aviation Administration (FAA)has proposed a $78,000 civil penalty against Amazon.com for al...
AIIS: U.S. steel exports rise as economy picks up in Canada, Mexico The American Institute for International Steel (AIIS) said Tuesday the United States exported 812,011 net tons of steel in August, a 10 per...
Oil weakens as OPEC-led effort encounters challenges NYMEX November crude settled down 61 cents at $50.18/b. ICE December Brent settled 60 cents lower at $51.81/b.
Bunkering resumes in Savannah; Coast Guard opens port on a limited basis The port is open to one-way traffic during daylight hours only
Russia prepared to freeze crude output, but cut no longer necessary: Putin Russian President Vladimir Putin said Wednesday that the country is prepared to freeze output at current levels in the event of OPEC agreeing a deal to do the same
Med-North HSFO spread narrows amid recovery in Med cargoes The November Med-North spread was pegged at minus $2.25/mt, up by $0.25/mt on the day.
World Fuel Services leads list of Hanjin bunker market creditors Hanjin creditors list details claim of $21.7 million by World Fuel Services
FEATURE: Oil majors limp out of Q3 as price recovery beckons * Focus on breakevens amid poor earnings * Cost cutting, cash flow health seen key * New pain from refining margin slump
Bomin Linde to charter world's largest LNG bunker barge The company will charter the vessel from shipowner Bernhard Schulte through its joint venture with Lithuania's Klaipedos Nafta from late 2018.
External: Wired Bunkering
Lloyd's Register exec: LNG bunker market is developing more slowly than expected The use of LNG as a marine fuel is now forecast to account for at least 11% of the deepsea vessel fuel mix closer to 2040 rather than 2030 due to the weak global economic climate
FUTURES: Oil futures stay rangebound as OPEC talks continue
Rebound in freight rates slowing down dry bulk demolition activity the rebound in freight rates has pushed down demolition volumes in Q3 to a quarter of what was recorded in Q1
OPEC makes progress on freeze agreement, with Russia ready to commit Russia's Rosneft and Lukoil agree to be part of the oil production freeze
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