Navios posts third-quarter loss as revenues drop Angeliki Frangou says cost management is paying off
Nordic Shipholding losses widen in third quarter Tanker operator expects to break even in 2016 as further market distress anticipated
Rem chief to sell $1.88m of Solstad shares Rem denies Oslo Exchange accusation that it gave special shareholder treatment to Remoy
Suezmax earnings nearly double on week in Black Sea and Mediterranean trades Following aframax gains, tonnage remains tight in most western hemisphere markets
Supramax bulker owners enjoy earnings hike of 20% Highest rates since September 2015 driven by strong Atlantic and Pacific markets
A 'nod and a wink' as UK shipowner group braces for Brexit UK Chamber of Shipping calls for sympathetic hearing in government's autumn financial statement
Blueprint for Growth A summary of the UK Chamber of Shipping's pre-Brexit plan
Montreal inaugurates state-of-the-art box terminal Viau facility opens for business with 350,000 teu first phase capacity
Emerging markets to lead Globalisation 2.0 China's One Belt, One Road initiative could play key role
Seadrill sees hope in costs reset Fredriksen's drilling company expects gradual improvement
Golden Ocean cuts third-quarter loss on improved rates UPDATE: Long-haul bauxite trade has been "nice addition" for capes, says chief executive
Political blundering and ego caused Hanjin's demise Ill-considered government support will only extend container pain, says outspoken analyst
Existing ships may turn to marine gasoil to meet lower sulphur cap Global gasoil supplies remain plentiful due to refining capacity additions in the Middle East
Capesize bulker crew fend off attack in Sulu Sea Anti-piracy measures prevented vessel from being boarded
China's closer coal sources cut tonne-miles, says BIMCO The upside of China increasing its volume of imported coal is limited due to the proximity of its suppliers, says new report by the shipping association
Scorpio Bulkers charters out three vessels Vessels comprise two ultramaxes and one kamsarmax
Globus Maritime sees wider third-quarter loss Administration expenses rose 50% on compensation paid to former chief executive
Swiber to sell laid-up vessel for $10.3m Deal expected to be completed by Tuesday
Pacific Radiance issues arbitration notices to two Chinese shipbuilders Company is claiming $5.6m plus interest from the shipyards
UK P&I CLUB nets $24m surplus in 2016 first half Insurer warned of a potential rise in claims values ahead
VLCC spot earnings back above $50,000 per day Benchmark Middle East-Japan market strongest since June as some expect further gains
Owners prefer cleaner fuel over retrofitting to meet sulphur cap Studies show scrubbers need at least two to three years of utilisation to break even
Hanjin to offload Asia-US assets to Korea Line for $32m Both parties aim to complete the transaction by January 5, 2017
Semua tanker set for second auction Singapore's admiralty sheriff will make another attempt to offload arrested product tanker.
Blaze on North Sea semi-sub extinguished Statoil says fire put out after three hours and there are no reports of any casualties.
Suezmax rates spike on Turkish Straits delays Seasonal weather pattern leads to tighter supply in Mediterranean
BIMCO: China coal mixed bag for bulkers Imports are passing two-year highs, BIMCO says, but tonne-mile demand not better.
ConTex falls below 300 The Hamburg Shipbrokers' Association index cannot find its way to recovery.
Accountant charged over DSME fraud Prosecutors indict Deloitte Anjin worker for allegedly writing false reports on struggling Korean yard.
Russia's Fesco mulling fresh share issue Restructuring company is planning to issue additional stock as nine-month figures decline.
Navios Holdings focuses on costs Angeliki Frangou-led bulker owner sees the positives of managing expenses in loss-making quarter.
Europe to unleash ferry potential A report from British Green MEP puts waterborne passenger transport in the spotlight.
Ipsen moves in at Monjasa Former Maersk and Torm man takes a seat on the board of Danish tanker and bunker group.
Saga 'firms option' for second cruiseship UK owner said to have gone ahead with new vessel at Meyer Werft in Germany.
D'Amico engineer jailed for oil dumping Senior officer sentenced to eight months in the US after admitting pollution offence.
BP Shipping offloads aframax pair Tankers believed to have been sold to a Greek shipowner.
Suardiaz orders Spanish tanker double Zamakona yard to build versatile fuel carriers for domestic owner.
Essar charters SK Shipping VLCC for two years Indian owner locks in tanker during strong winter period for the market.
Shih Wei loss grows as revenue cut Taiwanese bulker owner fails to bring down costs in line with falling income.
Rickmers Maritime Trust in default Singaporean boxship owner misses final interest payment deadline and faces "going concern" issues.
Norwegian ferry evacuated after grounding Bognes heads to repair yard after incident off Ylvingen.
Klaveness taps Oslo bond market for $35m Lasse Kristoffersen says move would give the owner a five-year runway on debt maturities.
James Fisher tanker revenue rises UK products carrier owner says trading in third quarter well ahead of last year.
Havila Shipping lays up three vessels Around 70 seafarers will be affected by the company's latest decision due to "market conditions".
Golden Ocean in payment talks with shipyards John Fredriksen-led owner looks to push back newbuilding payments after reporting lower than expected loss.
Containerships cuts loss in third quarter Finnish container line posts slim deficit on smaller revenue.
Seadrill slashes loss to $656m John Fredriksen rig company cuts costs in third quarter.
Age Remoy selling Solstad shares after fine Rem chairman refutes charge of unequal treatment of shareholders in merger.
Weaker markets sink Nordic Shipholding Danish product tanker posts third quarter loss and expects worse to come for the full-year.
Globus Maritime slides further into the red Small time bulker operator hurt by smaller fleet, lower charter rates and increase in admin costs.
Korea Line in $31.4m Hanjin Shipping buy Court confirms Korea Line's purchase of Hanjin's US-Asia business.
Japanese capesize targeted off Philippines Abu Sayyaf Group-linked terrorists believed to behind attempt on Kumiai Senpaku bulker.
Star Bulk delivers surprise dip in net loss New York-listed bulker owner still in the red but beat analyst estimates in the third quarter.
RDC in Saudi Aramco jack-up joint venture US drilling contractor looks to grab part of growing Saudi Arabian offshore drilling market.
Singapore's PSA issues Hanjin box deadline Terminal operator threatens to dispose of containers that are not claimed by deadline.
Port of Guam replaces in-house operating system with Navis N4 In the midst of a major initiative for port modernization, the Port Authority of Guam has started using the Navis N4 terminal operating sys...
Bolloré expands in South Carolina Bolloré Logistics USA is expanding its presence in South Carolina, the company said in a statement Tuesday. The U.S. subsidiary of Puteaux...
ZIM adds calls to intra-Med loops ZIM is adding calls to two of its intra-Mediterranean services, the Turkey Israel Express (TIX) and Turkey Greece Express (TGX), the compan...
Korea Line to pay $31.5m for certain Hanjin assets Hanjin Shipping is selling parts of its container shipping business, including its transpacific service between Asia and the United States,...
Tulsa Port of Catoosa sees increased barge traffic The Tulsa Port of Catoosa continued to see increased barge traffic during the month of October 2016, according recent figures from the City...
Executive Moves: ICAO, IATA and Canaveral Port Authority Dr. Olumuyiwa Benard Aliu was re-elected to his second three-year term as president of the council of the International Civil Aviation Orga...
Crude nearly unchanged as prospects for OPEC deal waver NYMEX January crude settled 21 cents lower at $48.03/b after trading as high as $49.20/b in electronic trading. ICE January Brent settled 22 cents higher at $49.12/b off an intraday high of $49.96/b.
RUSSIA DATA: Oct fuel oil exports down 10% on year to 3.5 mil mt Exports were negatively affected by some ongoing refinery maintenance, including at Surgutneftegaz' 24 million mt/year Kirishi plant, where works were completed in early November.
Russia's FAS asks Primorsk to reduce crude port fee, switch to rubles Russia's Federal antimonopoly service asked the port of Primorsk to reduce its fee for the transshipment of crude oil and switch it into Russian rubles.
TRADER NOTE: Flemming Ipsen joins Monjasa board Ipsen previously served as chairman for shipping company Torm, and before that worked for Maersk.
TENDER DATA: Tupras offers 30,000 mt of HSFO for Dec 9-11: sources Seller: Tupras, Turkey Specs & quantity: 30,000 mt high sulfur fuel oil, plus/minus 10% at buyer's option:
Ukraine to build 2.5 mil mt petroleum product terminal near Odessa UkrTransNafta, which will supervise the project, released the plans in order to get interested foreign companies to submit their ideas and draft designs for the terminal by 2019.
External: Wired Bunkering
REFINERY NEWS: Reduced working hours at Shell Pernis, Moerdijk: report
OPEC's Barkindo, Iran's Zanganeh 'optimistic' on OPEC output cut deal OPEC's secretary general and Iran's oil minister, who met behind closed doors Saturday, have both said they are optimistic that OPEC members will agree to proposed production cuts at the group's November 30 ministerial meeting.
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