UK's bulk terminals face extinction if alternative dry cargoes not found Decline in imports of coal and iron ore raises concern
Wilh. Wilhelmsen settles Brazilian probe and nets $32m operating profit Company reaches agreement over alleged cartel behaviour in Brazil as it returns to the black in third quarter
Tankers head for cover Owners reduce spot exposure and seek tanker time charters for 2017
Trump win to have limited impact on dry bulk in short term But longer term, aggressive policies may mean fewer trade opportunities
Forwarders repeat call to end shipping surcharges Surge of new fees, including for 'equipment imbalances', prompts BIFA to again demand elimination of 'unjustified' extra charges
Six crew members abducted in the Philippines Attack on vessel comes a day after Philippines president permitted Malaysian authorities to chase pirates in territorial waters
Shipper Sentiment Survey: Shippers speak out From rates and transparency to reliability, shippers give their opinions on how well container lines are serving their customers
Asia-Europe rates continue downward trajectory Carriers will only have themselves to blame if rates do not rebound in the weeks ahead, says SeaIntel
Tough times for Team Tankers Chemical tanker company falls to loss on weaker earnings
Skuld to complete SMA/Gerling Norway acquisition this year Staff to stay put in rebranded company after acquisition
UN Security Council renews Somalia anti-piracy measures The international community has to take a comprehensive approach in piracy prevention, says council
Rickmers Group earnings slump Idle ships and weak charter rates hit owner
Box growth slows at Charleston Little uplift from Panama Canal expansion
Grave new world The Trump campaign offered a protectionist vision of the future that could stall globalisation and even send it into reverse
Hanjin Shipping starts layoffs A total of 1,200 crew will be made redundant by end-2016
Port state control authorities to focus on sulphur limit rules Paris MOU and Tokyo MOU join hands to conduct concentrated inspection campaign
Westports reports 29% rise in net profit for nine months in 2016 Box throughput up 10% to 7.4m teu in the period
Trump victory to shift political balance of FMC commissioners New chairman will be appointed but policy changes likely to be minimal
Zhongchang Marine to ditch shipping and embrace data technology Shipping assets will be sold via a connected transaction
Gulf Navigation third-quarter net profit jumps on writebacks Group reversed liabilities on provisions made in the 2015 fiscal year worth $29.3m
Rickmers posts 198.7m euro loss for first nine months of 2016 The Rickmers Group, a German shipowner and breakbulk ship operator,said it has generated consolidated revenues of 373.6 million euros (U.S....
DHL to add operations at Stewart Airport DHL has signed a 10-year lease with the Port Authority of New York and New Jersey for a 20,625-square-foot building adjacent to FedEx and U...
HHLA reports nine-month results Logistics provider and container terminal operator Hamburger Hafen und Logistik AG (HHLA) reported earnings before interest and tax for the...
UPS upgrades Jacksonville ground package hub UPS will spend $196 million to expand its Jacksonville, Fla. ground package hub to add more than 260,000 square feet to the building and au...
Watco to acquire 20 U.S. bulk terminals from Kinder Morgan Watco Companies, LLC will acquire 20 bulk terminal operations in the United States from Kinder Morgan Terminals (KMT), the company said in ...
CSX cuts Q4 2016 earnings expectations CSX Corp. has updated its projections for profits in the fourth quarter of 2016 and is now expecting an decline in earnings compared with t...
NWSA lengthens extended gates program The Northwest Seaport Alliance (NWSA) between the ports of Seattle and Tacoma has lengthened its extended gates program through Dec. 2 to s...
Stratfor: Shipping faces 'new wave of maritime threats' Stratfor said the shipping industryis facing a "new wave of maritime threats" that includes not only piracy but "ideologically motivated mi...
SCFI declines for second straight week The Shanghai Shipping Exchange's Shanghai Containerized Freight Index (SCFI) has fallen for the second straight week on Friday. The index ...
Executive Moves: Port Tampa Bay and DHL Supply Chain Port Tampa Bay has named Sal Kass vice president of operations, effective Jan. 31. Kass comes to the Florida port with 40 years of experie...
Freightos establishes global rate calculator The digital global freight rate marketplace provider Freightos said this week it has begun offering a freight rate calculator. The new too...
Bennett International Group launches new logistics firm Bennett International Group, LLC has established a non-asset-based transportation logistics firm, BOSS Engineered Logistics, LLC (BEL), in ...
Middle East fuel oil swaps trade crosses 1 million mt mark The Middle East fuel oil derivative contract launched by the Dubai Mercantile Exchange (DME) in May has reached more than 1 million mt of traded volume
European HSFO complex tight amid strong arbitrage to the East "Avails are very poor. There is a lot of product leaving for the East", one HSFO trader said. "There is a big increase in fixtures heading straight from the Baltics to the Far East."
Oil prices fall as rising OPEC output hits freeze-agreement hopes NYMEX December light sweet crude was trading $1.25 lower at $43.41/b, while ICE January Brent was $1.09 lower at $44.75/b.
Dry freight: Capesize key Atlantic, Pacific freight rates hit 2016 high Out of Brazil, the Tubarao to Qingdao, China, iron ore route was assessed at $13.95/wmt, compared with the year's low of $5.20/wmt on February 26.
Port maritime authorities to undertake sulfur cap campaign from 2018 A concentrated inspection campaign means that the 45 countries covered by the Port State Control bodies under the so-called Paris and Tokyo memorandum of understanding regimes, will carry out a thorough examination of a chosen area, such as sulfur, when their officials inspect foreign ships.
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