Diana Containerships takes impairment hit Writedown of seven boxships drives company to huge quarterly loss
Diana ends banks talks without a deal Bulker owner slumps to higher loss after taking hit from containership affiliate
Swissco hit with $500,000 claim and share redemption demands Swissco rebuffs statutory demand from joint venture partner, while investors call for immediate share redemption coupled with 35% yearly redemption premium
Asian MR tanker rates drop to year low as cargo volumes fall Benchmark MR Pacific basket on the Baltic Exchange down 16.5% so far this month
Capesize steams up to two-year high near $20,000 per day A rise in commodity prices is adding extra demand for shipments but some question how long the bubble will last
Cosco Shipping to further consolidate overseas container networks Listed unit to acquire stakes in five affiliated shipping agency firms overseas for about $11m
Höegh profits from high FSRU utilisation under long-term charters Step-by-step growth in result anticipated as more FSRUs are delivered to Oslo company
Deadline for Hanjin's rehabilitation plan pushed back to February Audit firm requires more time
DSME labour union accepts restructuring plans Move paves way for creditors to provide financial aid to the shipbuilder
What will save the shipping industry? Eight industry thought leaders weigh in Global shipping markets are suffering some of the worst conditions ever seen. We asked several thought leaders in the shipping and maritime industries to give us their thoughts on what might help companies adjust in these difficult economic times. Here is their advice to shipping industry decision-makers on how to forge ahead
NYK takes stake in Maher terminal Group builds presence on US east coast ahead of Bayonne Bridge expansion
Japan's export newbuilding orders plunge 93% on year October deals comprise two bulkers and a product tanker
Owners swarm over VLGC time charter enquiry from Bharat Petroleum Owners likely looking to dodge frail spot market
China Ocean Industry to acquire ship equipment manufacturer Group to pay a maximum consideration of $40m
AET to strengthen product tanker business, explores external funding Company is looking to find the right scale
Stolt-Nielsen wins approval from authorities to buy Jo Tankers Acquisition scheduled to be finalised by end-November
Pasha Hawaii mulls order for two LNG-powered boxships Deal will come with the option to construct two more vessels of the same specification
Fit for high office The Honourable Company of Master Mariners aims 'to recognise excellence' with the launch of a new qualification
Six seafarers from Newlead Granadino repatriated Bitumen tanker remains at anchorage in Baltimore Harbour, but crew is doing well.
Snapback hits US-listed shipping shares Dry-bulk stocks lead correction in New York markets but some names keep upward momentum.
Slater to lead Qorval restructuring practice Expert says shipping industry's restructuring efforts so far won't be enough.
Seanergy capesize talk off the mark Rumours linking Greek owner to two SK Shipipng capesize bulkers are inaccurate, sources say.
Holth happy with DNB's offshore progress Executive says migration of non-performing loans has slowed in shipping and offshore but more provisions will come.
DCIX takes $127m impairment hit Nasdaq-listed boxship owner pushed to bigger net loss by charge on seven vessels.
Taiwan grants $1.9b aid to its shipping companies The Government of Taiwan has announced a $1.9 billion (60 billion New Taiwan Dollar, or NTD) aid package for the country's shipping industr...
NYK Ports acquires 20% share in Maher Terminals NYK Ports on Wednesday acquired a 20 percent share in Maher Terminals, which operates a terminal at the Port of New York and New Jersey, NY...
Executive Moves: NEHDS Logistics and CVI International Final-mile delivery and warehousing company NEHDS Logistics has named Charles Johnson president and chief operating officer. He joins the c...
FTR: October truck trailer orders surge 72% Truck trailers orders reached 20,200 units in October, 72 percent over the previous month, but down 38 percent year-over-year, according to...
BNSF, KCS to start joint intermodal service to Mexico Source: BNSF Railway BNSF Railway Co. and Kansas City Southern will offer a new joint intermodal service connecting shippers in the Chicago...
Carper named top Democrat on Senate EPW Committee Senate Democrats installed Sen. Tom Carper, D-Del., to serve as the ranking party member on the Senate Environmental and Public Works Commi...
Pasha Hawaii plans for two new LNG fueled containerships Honolulu-based ocean carrier Pasha Hawaii has narrowed its selection down to two U.S. shipyards for the construction of two new containersh...
Aegean eyes IMO 2020 sulfur cap as business opportunity for retail bunkering Plans include additional storage and blending capacity.
GLOBAL VLCC TRACKER: Saudi departures, Chinese arrivals edge higher Weekly departures from Saudi Arabia rose to 28 VLCCs, up by five from the previous week, as output from OPEC's largest producer remains at elevated levels.
UPDATE: Aegean's Q3 bunker sales jump 25.76% on year to 4.26 mil mt Through the first nine months of 2016, the company's sales totaled 16.6 million mt, a 30% increase compared with the year-ago period.
TANKERS: Mediterranean Aframax rates surge on tight tonnage "Ten percent of the whole European Aframax fleet is sitting on demurrage," a trader said.
Singapore Dec ex-wharf 380 CST bunker fuel term inked at $3-$3.50/mt premium Suppported by firmer Dec/Jan timespread.
Aegean's third-quarter bunker sales jump by 25.76% "We delivered another quarter of solid results against a backdrop of slowness in the container segment and volatile commodity markets."
External: Wired Bunkering
External: Global Risk Management
FUTURES 2: Crude holds ground after EIA shows US crude stock build
DuPont says up to 20% of global shipping fleet could have scrubbers by 2025 IMO's 2020 global sulfur cap decision to stimulate use of scrubbers
TANKERS RESEND: FFA revival seen on Persian Gulf-East Aframax route The Aframax route, which in the FFA market is known as TD8, predominantly moves fuel oil to Singapore from the Persian Gulf.
FACTBOX: The OPEC freeze deal's state of play With little progress made on the deal's particulars so far, OPEC officials are spending this week in several meetings across the globe to close some of their gaps.
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