Britain to focus more on engagement with the IMO, says Hayes Shipping minister emphasises that Brexit could allow re-evaluation of orthodox thinking
We expect a decent fourth quarter, says Sovcomflot finance chief Improvements expected following a 36% drop in third-quarter profit
Singapore default will have 'no impact' on Hamburg parent, Rickmers insists Finances independent and no cross-defaults, statement emphasises
UK Ports group head calls for new trade deals UKMPG chair asks government to maintain UK's reach in global markets post-Brexit
CMA CGM pays off $1.7bn NOL transaction loan as it posts third-quarter loss French line generates $880m from sale and leaseback deal involving 11 vessels, plus $580m from containers transaction
Sovcomflot profit falls 36% Seasonal tanker market weakness to blame for drop in profit
Awilco LNG looks to improving LNG shipping market Encouraging signs of improving rates and utilisation
Norwegian Hull Club now fully fledged London market underwriter, Wikborg insists But setting up in UK capital won't compromise mutual roots, says former IUMI president
India's demonetisation drive hits seaborne trade and ship recycling Choked money supply impacts India's coal trading, agriculture and shipbreaking sectors
LA and GE team up in Big Data project Goal is to improve cargo-handling efficiency by facilitating information flow between stakeholders
J. Lauritzen posts smaller net loss in third quarter New chief executive continues to adjust exposure to dry bulk
Spot market weakens as slack season takes hold SCFI shows further drop in rates on both the Asia-Europe and transpacific trades
Insurers face 'challenging' piracy market Overcapacity has resulted in increased competition, and sliding rates, in both east and west coast Africa markets
Hafnia Tankers earnings go into the red Product tanker operator hit by low spot rates and newbuilding deliveries in the market
Westports' exposure to Hanjin limited, say analysts Exposure totals $2.1m, with around half already written down in third quarter
Back to reality for shipping stocks Shares of Diana Containerships and Dryships fall from highs
DryShips raises $20m and issues warrants for up to $80m more Nasdaq-listed owner plunges amid dilution fears in shipping stock turmoil
Ford changes plans for production shift to Mexico Ford Motor Co. reversed course Thursday evening on plans to move a production line from a plant in Louisville, Ky., to Mexico, but it was u...
CMA CGM posts $268m loss in Q3 French ocean carrier CMA CGM reported a loss of $268 millionfor the third quarter of 2016 compared to profits of$51 millionfor last year's ...
SCFI falls 1.3% The Shanghai Shipping Exchange's Shanghai Containerized Freight Index fell 1.3 percent since last week's reading of 825.10 to a reading of ...
Seoul court delays deadline for receiving Hanjin rehabilitation plan A Seoul court pushed back the deadline for accounting firm Samil PricewaterhouseCoopers to submit a rehabilitation plan for Hanjin Shipping...
UPS starts Columbus package facility expansion UPS said it will invest more than $175 million to expand its main Columbus, Ohio ground package hub, which is located on 90 acres on the ci...
Bunker prices spike in New Orleans on port congestion S&P Global Platts assessed New Orleans IFO 380 CST at $282/mt Friday, a $24/mt increase compared with Thursday's assessment, and its largest day-on-day increase since October 6, when it rose $29/mt.
REFINERY NEWS: Norway's Slagen still halted for maintenance Norway's Slagen refinery is still halted for maintenance, ExxonMobil Norge, the operator of the plant, said Friday declining further details.
Hamburg bunker fuel premium hits 9-month low falls on stock clearing The flat price of CST 380 bunker fuel fell $12/mt Thursday to $242/mt, when the premium over the HSFO regional benchmark hit $1/mt, the lowest since January.
ARA fuel oil stocks more than double ahead of VLCC loading Inventories rose by 84.3% to 7.45 million barrels this week from a 3.41 million barrels in the previous week, PJK consultancy data showed Friday.
Rising Panamax freight shuts arbitrage of European VGO to US The rate for 55,000 mt Panamaxes from UK/Continent to the US Gulf Coast has risen to $22.20/mt ($3.25/b), its highest in five months.
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