'Keep it boring' strategy pays off for Steamship Mutual Secret of low combined ratio and minimal investment loss is prudence, says chief executive Rynsard
Offen Tankers buys four product tankers US investment firm involved in deal
Navios Holdings posts lower loss in first quarter Angeliki Frangou hails 'solid' result despite 'nuclear winter' in dry bulk
French refinery strikes could boost MR rates Market players look for lift from potential US Gulf diesel flows to Europe
Torm buys $19m of its stock to squeeze out minority shareholders Share capital to total a nominal $623,000
Brexit uncertainty would rock British shipping, senior Labour politician warns Shadow Scottish Secretary Ian Murray urges industry to back Remain side in referendum
Maersk downsizes to rationalise Asia-South America services Smaller ships to be used and additional loop added
Floating storage poses risk to tanker rates Rates for VLCCs in 2017 forecast at half this year's level
UK 'yes' to shale gas threatens LNG shipments Domestic shale gas industry will eat into seaborne import requirements
Havyard first-quarter result weighed down by dismal offshore backdrop But group expects improvements after restructuring and diversification initiatives
STX Offshore & Shipbuilding to enter court receivership Continuation of creditor-led restructuring would create no more benefits, says KDB
Transnav sees stable niche in small chemical tanker market Company's vessels specialise in small chemical tanker market of between 5,000 dwt and 15,000 dwt
Pacific Drilling stakeholders approve reverse stock split Move to help company maintain listing on New York Stock Exchange
SGX says Baltic Exchange can help it market freight derivatives in Asia Baltic Exchange's operating model looks set to continue in current form
Chinese commerce ministry approves NOL takeover by CMA CGM CMA CGM expects to announce NOL offer by June 2
Aegean Marine first-quarter results knocked by low crude oil prices Management looking to implement cost optimisation drive
China Cosco appoints new vice-chairman Huang Xiaowen holds several senior management positions in CSSG and its subsidiaries
Hapag-Lloyd defers annual general meeting amid UASC merger talks German line to hold meeting in August at the latest
Target list has 10% of US-flag ACP ships List aimed at taking closer look at ships with higher risk has many more vessels than El Faro; not indication that they're substandard, official says.
Navios seen willing to sell spinoff shares Analyst says parent company of New York-listed group shows willingness for first time, though as last resort.
NCSP builds Novorossiysk yard stake Russian port spends $17m on 30% holding in shiprepairer.
SGX promises Baltic buy will bring growth Merger will bring benefits to Baltic Exchange stakeholders and shipping markets, says key SGX executive.
Bigger not better for StealthGas Greek LPG carrier owner's expanded fleet saw higher costs dent Q1 profit.
PDZ Holdings edges into profit Malaysian containership owner survives revenue dip to return to the black in Q4.
Essar Shipping wins $47m charter battle Indian bulker and tanker owner banks arbitration award over cancelled COA deal.
Heung-A Shipping better by a third Korean tanker and boxship owner enjoys strong rise in 2015 profit.
Remain the right course for shipping, MP says Ian Murray argues exit from the European Union would harm industry and place jobs in question.
Coastal Contracts curtailed in first three months Malaysian shipbuilder hit by falling revenue as profit drops.
TNG MR enters spot market Croatian owner says $14,800-per-day term deal with Stena Weco ends.
NWS sees 50% drop in Q1 earnings Russian cargoship owner makes less despite revenue edging up.
SGX closes in on Baltic Exchange purchase Exclusive sale discussions agreed with Singapore exchange, ending a global race to take over storied freight market information provider.
Steam Packet eyes $80m newbuildings Isle of Man operator makes pledge to bring in new ferries to service state contract.
STX likely to enter court receivership Korea Development Bank says prospects look bleak for Korean shipbuilder run by creditors.
Sevan Marine falls to bigger loss Oslo-listed floatel owner hit by rising costs in first quarter.
China approves CMA CGM takeover of NOL French liner giant says it expects to launch general cash offer by next week at the latest.
TGS teams with PGS for seismic job Norwegian charterer to acquire 2,000 square km of data off eastern Canada.
Tankers queue as France hit by strikes Oil sector workers blockade refineries in protest at new labour rules.
Nordic MRs to quit Handytankers Pool Maersk set to lose another owner following OSG and Diamond S departures in January.
Nordic Shipholding Q1 profit almost cut in half Weaker freight rate environment dents results at Danish owner of five MR and one LR1 tanker.
Harris Antoniou emerges at Amsterdam Trade Bank Shipping finance veteran back in the fold as he prepares to head up Dutch trade finance house.
PACD shareholders approve reverse stock split Shares in Idan Ofer-backed driller set to start trading on split-adjusted basis later on Wednesday.
Denmark's Maersk calls for tougher enforcement of marine sulfur rules 2,463 inspections in the Baltic Sea between January 1, 2015, and April 1, 2016.
TENDER DATA: India's IOC sells 35,000 mt of 380 CST HSFO for June 13-15
TENDER DATA: India's MRPL sells 60,000 mt of 380 CST HSFO for June 1-3
French refinery, port strikes continue; strategic stocks released
PRESS RELEASE: Aegean Marine Petroleum Network Inc. Announces First Quarter 2016 Financial Results
TRADER NOTE: Dan-Bunkering expands partnerships in Colombia The trader also supplies bunkers in Montevideo, and has an office in Valparaiso.
Oil futures rise ahead of expected weekly US crude stock draw Another statistic traders are watching is volatility, which has declined steadily over the last three months.
- 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
