Ship recycling torn between looming regulations Life-threatening risks persist within shipping's unregulated frontier as governments weigh their options
Concordia refinances with $189m loans Two separate credit facilities will be used to finance 10 product tankers
Product tanker rates buoyant in Mediterranean, lacklustre elsewhere Mediterranean MR and LR rates surge on tight supply after naphtha liftings
Euroseas buys 16-year old panamax bulker Company arranges short-term loan to finance the acquisition
PGS looks to top up equity injection Seismic vessel carrier secures around $235m from private placement, and is planning on a $35m new shares offering
Sovcomflot signs for $180m loan to finance Arctic tanker fleet Credit agreement has a term of up to 15 years
Panamax bulker breaks $11,000-per-day mark on coal shipments Rates highest since January 2014 on tight tonnage and emerging coal demand from China and India
State subsidies threaten box line recovery Government aid risks increasing overcapacity
Stolt-Nielsen completes $575m deal to buy Jo Tankers World-leading chemical tanker owner just got bigger
CMA CGM inks deal to boost Algerian maritime trade routes Agreement with CNAN NORD aims to establish a common shipping line connecting northern Europe to ports in Algeria
Hyundai Merchant Marine launches direct service to Vietnam Haiphong-Danang Express Service starts today
Labour union threatens strike over HHI spin-off plans Wage negotiations contingent on management cancelling the move
The bull case for dry cargo according to Petros Pappas Sustained scrapping activity in 2017, lack of new orders and new regulation are catalysts for market recovery
Samsung Heavy Industries revises FLNG contract with Petronas Total contract value raised to $1.5bn
DSME faces vessel delivery delay from Atwood Oceanics Contract for drillship pair is worth around $1.2bn
Tanker master is first woman to win IMO Award for Exceptional Bravery Capt Menon and her crew made three attempts before the successful rescue of seven fishermen from their sinking vessel
Rickmers Maritime defaults on bond interest payment Event will impact trust's ability to continue as a going concern
Fuel source uncertainty to rein in dry bulk vessel ordering But asset plays for new tonnage might resume if yards provide attractive financing
Japan quake puts coal and LNG players on watch Muted impact to demand seen for now
Drewry: No 'panic' scrapping for VLGCs Forecasting firm expects ongoing weakness in LPG freight rates through 2017.
TW+ Roundtable: Industrial shipping in the age of scale TW+ gathers nine shipbroking analysts in the same room to debate the industry's direction. First, their optimistic prognosis for the dry cargo market.
'Gentleman of shipping' Takis Kakoulidis dies Oino Shipbrokers president remembered as a great teacher.
EU gives nod to Hapag-Lloyd, UASC UASC dropping out of North Atlantic service due to market concentration.
Port costs hammering offshore owners Westshore highlights problem of UK fees eating up income for spot PSV jobs.
Euroseas snaps up Tri-Marine's last ship Chairman and CEO Aristides Pittas will support latest acquisition with $2m loan.
Concordia Maritime nets $189m loan package Swedish owner secures new debt facilities on a fleet of 10 products tankers.
Fesco share sale 'negative for stock' Analyst VTB says Russian owner's potential issue would need investor approval.
US Navy's most costly ship breaks down USS Zumwalt suffered engineering problem and lost propulsion in the Panama Canal.
Slimmer MPC Capital increases earnings German asset manager makes more money after sealing big boxship sale.
Sovcomflot set to refinance tanker twins Russian owner signs MOU with Sberbank for $180m loan covering a pair of shuttle tankers
Crewman feared dead in fall from heavy-lifter Search halted off Zeebrugge following accident on Harren & Partner ship.
Saga: no decision on second cruiseship UK owner denies report it has declared option for another vessel at Meyer Werft.
Stolt-Nielsen wraps up Jo Tankers deal Oslo-listed owner completes $575m move that aids its fleet renewal requirements.
Bimco finalises move into ship finance Owners' association to publish term sheet for financial transactions next year.
Vard brings in KPMG to advise on share offer Shipbuilder appoints consultant for independent directors as parent Fincantieri seeks to take it private.
Viking Line signs for Chinese ro-pax Finnish owner picks Xiamen Shipbuilding for new $200m passengership.
Olympic Ship keeps the clock ticking Norwegian offshore vessel owner has a few more days to complete restructuring deal.
PGS raises $225m and tries for more Norwegian shipowner sells out share issue as it seeks to refinance notes.
Worker killed at Blohm+Voss yard Another man injured during work on Fred Olsen's Black Watch cruiseship.
HMM launches Vietnamese boxship run Korean line aiming for a slice of fast-expanding market.
Hyundai Mipo agrees to delay LPG carriers Korean yard takes a bit extra for quartet as it pushes back delivery.
Chiquita swoops on Conti Reederei pair US fruit company raids secondhand market for second time in a year to bolster container fleet.
HHI union threatens strike over asset split South Korea's largest shipbuilder faces potential worker opposition over restructuring plan.
Bumi Armada posts reduced third quarter loss But Malaysian FPSO specialist upbeat as multiple FPSO units begin mobilization.
Semua tanker set for second auction Singapore's admiralty sheriff will make another attempt to offload arrested product tanker.
APMT selects Willemen Groep for Tangier terminal construction APM Terminals (APMT) has selected four subsidiaries of the Willemen Groep - Aswebo, Aannemingen Van Wellen, Franki Construct and Cosimco - ...
Stolt-Nielsen completes acquisition of Jo Tankers Stolt-Nielsen Limited said it has completed its previously announced acquisition of the chemical tanker operations of Jo Tankers, consistin...
ATA: Truck tonnage index steady in October Domestic truck tonnage in October 2016 was relatively steady compared with the previous month, falling just 0.3 percent following a revised...
Philippines green lights $185m container terminal at Cebu The government of the Philippines has approved construction of a new, 9.2 billion Phillipine peso (U.S. $185 million) container terminal at...
HMM launches intra-Asia loop Source: Hyundai Merchant Marine Hyundai Merchant Marine (HMM) said it has launched a new, weekly service between Korea, China and Vietnam. ...
ABX pilot strike impacts DHL, Amazon shipments Pilots working for Wilmington, Ohio-based cargo carrier ABX Air, a subsidiary of Air Transport Services Group (ATSG), went on strike Tuesda...
Maersk: Brazil's container market pulling out of dive Source: Maersk Line The steady decline of Brazil's global trade in containerized goods appears to have bottomed out after five years and pr...
China's 2017 oil product exports may surpass 2016 levels - Chinaoil - State-owned refineries seen lifting throughput in 2017 - Tighter rules may reduce run rates by independents - Country well prepared to meet tighter emission norms
ANALYSIS: As OPEC deliberates, US shale poised to make or break freeze deal's success A credible freeze that sends prices up to $55/b or beyond would quickly create an incentive for US drillers to reactivate rigs, limiting how far prices could rise in response to any OPEC production cuts.
US DATA: Inventory data shows crude stock draw, product builds - Refinery utilization climbs above 90% of capacity - Gulf Coast crude stocks draw 1.8 million barrels - USAC gasoline inventories up 2.8 million barrels
Iraq committed to taking part in OPEC crude production cut: PM Iraq will take part in a crude production reduction as part of an OPEC-wide output cut, Prime Minister Haider al-Abadi said at a Wednesday press conference in Baghdad.
Singapore ship chandlers and bunker sales down in Q3 Domestic and foreign wholesale trade fell 12.2% and 21%, respectively, in the third quarter from the same period a year earlier as refined product and petrochemical prices dropped
External: Wired Bunkering
CHINA DATA: State-owned refiners cut run rate to 81% in Nov from 82% in Oct The November rate is also one percentage point lower than 82% seen in the same month last year
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