Panamax bulker earnings creep back up to three-week high With capes soaring, charterers may be thinking about fixing panamax vessels instead
Demand doubt is sword of Damocles hanging over LNG shipping New cargo supply is arriving in waves, but serious questions arise over demand growth and impact on the global fleet
Panama ratifies Hong Kong Convention Denmark plans to ratify in spring of 2017, but the treaty still lacks adequate support
Cash is king in dry bulk market Supply and demand is coming into balance, says Pioneer Marine's Khanna at Marine Money
Inglorious end to a celebrated era by Royal Bank of Scotland Decision to wind down its portfolio underlines buyers' preference towards distressed loans at deep discounts
MSI forecasts more scrapping from ballast water rules Regulation could alleviate oversupply as owners scrap vessels rather than install costly equipment
ILO pledges to look at vessel abandonment database discrepancy Move comes after two dozen reported cases in last six months were found not to be listed
Chinese lessors likely to be here to stay Shipowners seeking more alternative forms of financing as industry slump persists
UK Ship Register pushing for Maritime Growth Study implementation UKSR chief reports that changes are in place but improvements are still needed
Cargo theft gets violent, IUMI hears Costs soar as problem gets bigger, insurers told
DP World Southampton continues to expand Additional yard space added to support SCT 5 and new container handling equipment on order
Businesses urge US commerce department to resolve Hanjin situation Shippers facing higher fees to pick up cargo and rising freight charges
Cape earnings shoot up to $13,153 per day Increased loadings from Brazil support rates
Jones Act tankers entering period of softness More ship supply threatening the highest tanker freight rates in the world.
MarAd chief: US a maritime nation at risk Outgoing MarAd head warns declining US role in shipping poses broader proble
Navig8 says no order at Hyundai Mipo Group's chemical arm denies reports it has acted on plan to replace lost STX newbuildings at another South Korean yard.
Norton: Star Bulk free to buy tonnage President says new bank agreements do not include restrictions on growth.
Lack of capital to push shipping consolidation Governance and scale, along with better fundamentals, needed to attract investors.
Bank talks not buys top Diana agenda New York-listed owner not the buyer of SWS capesize with debt discussions taking priority, sources say.
Georgiopoulos not worried by wet rates Market setting itself up for a 'nice winter' after seasonal decline that was no worse than he expected.
Dynacom readies for LNG fuelling George Procopiou is preparing about half of his suezmax newbuilding tanker fleet for future gas propulsion.
Georgiopoulos unworried by tankers Market setting itself up for a 'nice winter' after seasonal decline that was no worse than he expected.
Trogir yard wins Croatian tanker cash Government awards guarantees worth $25m for vessel being part-built for Arctech in Finland.
Zhong An seeks cape sales as rates rise Double deal in focus amid expectations of further spot market progress.
Korean Air approves funding for Hanjin South Korean airline will provide $53.9m to struggling compatriot liner company.
Ridgebury and Dynacom ships collide A vessel controlled by Greek owner hits an anchored ship off Belgium, causing limited damage.
Signal tanker makes it out of Libya Greek aframax loads cargo from Ras Lanuf; another tanker on its way in.
Cokaliong Shipping snaps up Japanese ro-pax Philippines owner adds another ferry to expanding fleet; wants more.
Sweden to get Kurdish oil after two-year gap An aframax owned by Minerva Marine is on its way to Brofjorden to end Kurdish shipment drought.
Arrested Hanjin ship making pit-stop Hanjin Vienna heading to Vancouver for supplies and new crew.
Saade: 'Small companies are going bust' CMA CGM's vice-president is looking at possible opportunities arising from Hanjin's woes.
Star Bulk closes $50m share issue Bulker owner completes new equity deal as part of restructuring.
Grounded boxship 'severely damaged' Taiwanese authorities working to prevent further pollution from Chinese vessel forced ashore by typhoon.
Hanjin Shipping shares hit record low Investors rush to sell out of ailing containership and bulker owner.
HMM to fill Hanjin's gaps in Europe South Korean owner responds to compatriot's collapse by deploying more vessels.
Gate LNG bunker berth opens Shell-controlled Gasnor's chartered vessel loads first cargo from Dutch terminal.
Prisco liquidation plan approved US judge finally okays collapsed tanker owner's scheme to share out cash from SCF fleet sale.
Grounded boxship suffered 'severe hull damage' Taiwanese authorities working to prevent further pollution from Chinese vessel forced ashore by typhoon.
NCBFAA expresses general support for FMC's NSA rule amendments The National Customs Brokers and Forwarders Association of America (NCBFAA) said it generally supports the U.S. Federal Maritime Commission...
UPS beefs up package delivery, 3D printing capacity Integrated logistics company UPS said this week it plans to open a new package center in Compton, Calif., and is expanding its 3D printing ...
USDA offers aid to improve overseas agricultural import operations The U.S. Department of Agriculture (USDA) said Wednesday that it's accepting applications for projects in developing countries that improve...
U.S. finds dumping of cut-to-length steel plate imports The Commerce Department determined that imports of carbon and alloy cut-to-length steel plates from Brazil, South Africa and Turkey are bei...
Cass: North American freight market 'persistently weak' The North American freight market remained "persistently weak" in August 2016 despite rebounding slightly from the previous month, accordin...
ATA: Truck tonnage index rebounds in August Domestic truck tonnage jumped 5.7 percent in August 2016 from the previous month, following a revised decrease of 2.1 percent during July, ...
FedEx Q1 FY2017 earnings beat expectations FedEx Corp. earnings for first quarter of its fiscal year 2017, which ended Aug. 31, beat consensus analyst expectations, according to the ...
Blackstone enters $1.5b deal to buy 46 warehouses New York-based private equity firm Blackstone Group LP reached a $1.5 billion deal to purchase a portfolio of logistics centers across the ...
Executive Moves: Greenbrier, Transervice and Hoyer The Greenbrier Companies, Inc., a railroad transportation equipment manufacturer, has named Jim Cowan president of Greenbrier International...
Maersk unveils skipped sailings around Chinese Golden Week Danish ocean carrier Maersk Line has announced skipped sailings on various services around Chinese Golden Week in order to match network ca...
NCBFAA wants importer identification standardization, but has concerns over regulation For years, the National Customs Brokers and Forwarders Association of America (NCBFAA) has been asking for standardization around importer ...
Port of Long Beach to name interim CEO The Long Beach Board of Harbor Commissioners is expected to formally install Duane Kenagy as the port's interim chief executive officer Wed...
Oakland's busiest marine terminal makes night gates permanent The Oakland International Container Terminal (OICT), which handles 70 percent of the Port of Oakland's containerized cargo, decided to make...
Total, Ecoslops to develop Marseilles maritime fuel processing plant The MOU says the companies will set up a partnership to conduct a detailed study, with a final investment decision expected in 2017.
Oil complex strengthens after US crude, gasoline stocks draw NYMEX November crude settled up $1.29 at $45.34/b. ICE November Brent settled up 95 cents at $46.83/b.
EIA says residual fuel stocks up slightly from last week Domestic stocks ended the week at 40.655 million barrels, a build of just 72,000 barrels from last week. Only the US Gulf Coast and US West Coast had builds of more than 100,000 barrels week on week.
Libyan oil output jumps to 360,000 b/d as export from Ras Lanuf resume This output rise follows news that NOC lifted force majeure at the 360,000 b/d Es Sider, 220,000 b/d Ras Lanuf and 70,000 b/d Zueitina terminals last week.
External: Praxis Energy Agents S.A
REFINERY NEWS: Partial works at Portugal's Sines: traders
S&P sees oil prices recovering to just $55/b by 2019 as industry costs fall
External: Wired Bunkering
Titan LNG announces development of first LNG bunkering pontoon The Titan LNG Flex-Fueler can supply LNG to inland waterway vessels from a fixed location, but can also be navigated to larger sea-going vessels and safely supply LNG while they load or unload their cargo, it said.
CORRECTION: TANKERS: NWE-USAC MR rates rise on Colonial Line 1 outage
Libya loads first export cargo from Ras Lanuf after clashes
TENDER DATA: Taiwan's Formosa sells 40,000 mt fuel oil for Oct 1-3
FUTURES: Crude rises on US draw on stocks, higher Japan imports
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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