Handies earnings gain 4% on week to 13-month high Most areas driving rates up
Last chance to enter 2016 Greek Shipping Awards Prestigious panel representing the Greek shipping community has been lined up to choose winners
Spot market revival to trigger rise in Asia-Europe contract rates Drewry says shippers can expect contract rates to increase in 2017 on the back of a third-quarter spot rate rally
HPH Trust sees double-digit profit jumpp But one-off monetary gains last year hide a disappointing result for the first three quarters of 2016
IUMI opens Asian hub in Hong Kong Move set to expand the organisation's membership in the region
Giant crane order for APMT in Africa Twelve STS and 32 ARMG cranes procured for APM Terminals' new Tanger Med box facility
Ballast point Ballast water rules are a mess, and may be getting worse
Forwarding profits hit by Hanjin collapse Freight intermediaries were caught out by the sudden increase in rates following removal of capacity
Marine insurers diversify to stay afloat Despite choppy market conditions, insurers still see a long-term future in marine business
Staying focused Zim chief executive Rafi Danieli reflects on the challenges of running an independent niche carrier in the age of mega alliances
Hanjin Shipping mulls winding down of European operations Approval from Seoul Central District Court still pending
SITC reports weaker nine-month revenues amid tepid freight rates Average rate fell despite higher total shipping volumes
Moody's mulls downgrade for OSG Credit ratings agency puts tanker owner's $1.1bn in debt under review after spin-off approved.
Costamare delays Hanjin newbuildings Greek owner pushes back 11,000-teu newbuildings into 2017 as it reports strong third quarter figures.
Tidewater plunges on bankruptcy warning New York-listed shares drop 44.2% after offshore vessel owner admits Chapter 11 is possible.
Genco offloads another in sales effort Panamax Genco Leader bought by Chinese interests as shipowner continues down scrap candidate checklist in deals with banks.
Clarksons pair back for more stock options Andi Case and Jeff Woyda add to their holdings in London-listed shipbroker by exercising share options.
Violeta Bulc: Aviation shows shipping the route to CO2 cut European Union transport commissioner Violeta Bulc says landmark airline deal highlights need for global pact to cut shipping CO2.
Limited optimism follows VLGC demolition deal Experts say there is not huge demolition potential in the depressed market after second departure of 2016.
Tschudi Offshore expands in Angola After many years operating in the region, Norwegian owner establishes new African joint-venture.
Jefferies cuts crude tanker rates forecasts Bank's revised numbers come after OPEC decision to cap production levels.
Olympic wins more time to find solution Stig Remoy-led company now has until 28 October to strike a restructuring agreement.
Polemis latest to scrap capesize bulker Greek owner sends veteran to the beach hot on heels of NYK purchase.
Siem Shipping hurt by liner competition Norwegian reefer owner turns red in the third quarter and expects spot market to remain volatile.
Hanjin to wind down European business Struggling South Korean company is preparing to close its 10 offices in Europe.
IMF says South Korean restructuring to cost $27bn Cost of shipping and shipbuilding stabilization efforts will take a decade to recoup.
Byzantine linked to LR2 orders at Daehan Greek owner said to have paid between $44.5m and $45m for one firm ship plus one option.
Singapore appoints two new LNG importers Anglo-Dutch oil major and government-backed entity to supply 1mtpa for up to three years each
Pacific Basin swaps shares for rate cuts Mats Berglund-led owner set to trim $12.5m from cost base over next two years with deal.
Maersk to reinstate Iranian services Danish containership giant says country holds high potential in enabling global trade.
Tidewater gets more debt breathing space But OSV giant says latest industry data means debt terms will require further negotiation.
PierPass evaluates extended gate options Container terminalsat the ports of Los Angeles and Long Beach are taking a look at alternatives to the current PierPass program. Last Thur...
MSC in talks to purchase Hanjin stake in TTI Long Beach terminal Geneva-based ocean carrier Mediterranean Shipping Co. (MSC) is looking to buy Hanjin Shipping's majority stake in Total Terminals Internati...
IMF: Korean shipping restructuring could cost $27b The total bill for the corporate restructuring of South Korea's troubled shipping and shipbuilding industries could reach 31 trillion won (...
OmniTRAX subsidiary acquires frac sand logistics assets OmniTRAX Logistics Services (OLS) has agreed to purchase all assets belonging to Terracor Group, a frac sand logistics specialist Under th...
JAXPORT sets new box throughput record JAXPORT transported 968,279 TEUs during fiscal year 2016, which ended Sept. 30, beating the previous record of 936,972 TEUs set in 2014, th...
APMT invests in automation for Tanger-Med facility APM Terminals (APMT) has ordered 12 remote-controlled ship-to-shore cranes and 32 automated rail-mounted gantry cranes to handle containers...
Federal judge fines ship owner, operator for oil dumping The U.S. Justice Department on Friday said the owner and the operator of a Greek ship that dumped oily bilge into the Pacific Ocean were fi...
IAG Cargo launches new London-New Orleans route IAG Cargo is launching a new direct route between its hub at London Heathrow (LHR) and New Orleans International Airport (MSY) in Louisiana...
Eimskip alters Blue Line loop The Icelandic shipping company Eimskip will begin calling Bremerhaven in place of Hamburg on its intra-Europe Blue Line service. The servi...
Freight Rate Roundup: Maersk, CMA CGM, Hapag-Lloyd, OOCL and MOL Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL have announced freight rate increases. Maersk Line announced an increase in...
Special Coverage: How shippers actually use a TMS Source: LeanLogistics For the past decade, American Shipper has chronicled the way technology intersects with the transportation and logist...
CEVA names Waller CFO Third-party logistics services provider CEVA Logistics has appointed Peter Waller chief finance officer and member of its executive board. ...
DHL Express announces rate increase for U.S. account holders DHL Express said it will impose a 4.9 percent general average price increase for its U.S. account holders, effective Jan. 2. The express c...
Petrobras, Total partnership pact could yield deals in 2016: CEOs Brazil's Petrobras signed a partnership deal with France's Total that may see the French company eventually take a stake or invest in local oil fields or power plants yet in 2016
Crude declines as Iraq position casts doubt on OPEC deal NYMEX December crude settled 33 cents lower at $50.52/b. ICE December Brent settled 32 cents lower at $51.46/b.
Industry-sponsored study says sulfur cap might raise bunker fuel price The research, on the feasibility on 0.5% global sulfur cap, said the refining sector would struggle to meet the resulting new pattern of demand, forcing up bunker fuel prices.
External: Praxis Energy Agents S.A
DUTCH DATA: Port of Rotterdam crude throughput down 1.6% in Jan-Sep
External: Wired Bunkering
IMO's MEPC meets in London for decisions on shipping emissions Sulfur cap decision is expected to be made towards the end of this week
FUTURES 2: Oil treads carefully ahead of OPEC technical meeting
Singapore's Keppel ramps up exposure to LNG bunkering Marine industry gearing up for adoption of LNG as attention turns to IMO's impending 0.5% global sulfur cap
FUTURES: Crude falls after Iraq demands exemption from cuts
ANALYSIS: Iraq talks tough on OPEC production quotas, demands exemption Exemption justified on massive reserves the country holds as well as the battle it's waging with Islamic State militants
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
