Navios Maritime Holdings misses consensus earnings despite improved operating results Reduction in charter-hire costs and further operating efficiencies will help company down the line
Nasdaq Helsinki delists Finnlines Grimaldi Group redeems all of Finnlines' shares
Cost cutting brings Topaz back to profit Offshore company makes it into the black despite falling revenues
Singapore's insurers plan for survival Atrium's exit from Lloyd's Singapore shows the Garden City's insurance market is a jungle
King Coal finds love in China again Surprising lift is given to dry bulk shipping as China imports more coal with lower domestic production
Scrubbing bottoms Hull cleaning is coming clean
Hunting out digital dangers This year's SMM is likely to be all about digital smart shipping, but the dream comes with some health warnings
China Cosco loses $1.1bn on bad market and asset disposal Company's average revenue per teu fell 24%, which completely offset its cost-saving efforts
Sovcomflot hit by dip in tanker fortunes But Russian tanker giant claims long-term contracts offer protection against headwinds
Brazilian iron ore helps 15% rise in capesize earnings Increased fixing by Australian miners further supports rates
Aronnax: Removing the human Drones make sense, in some places
Höegh LNG profit dip nothing to be too worried about Long-term contracts and imminent awards put company in comfortable position
KDB cuts DSME's credit rating Move comes after shipbuilder's external auditor report, plus significant impairments seen in first-half result
Rongsheng Heavy Industries supplier rejects debt-to-equity swap "We don't want shares, we want only cash," says supplier
Not on the same wavelength Shipping's failure to engage with young people seems sad, particularly in a Greek context
Greek shipping struggles to get the youth vote A far-reaching new survey for EY shows that even amid raging unemployment, the appeal of the nation's mighty shipping industry is lost on most young Greeks
Indonesian navy locates missing product tanker Ship is found off coast of West Kalimantan on the Indonesian side of Borneo
Evergreen joins four other carriers to link China, India and Pakistan Two joint services set to start in early September will employ 4,200 teu vessels
Australian tribunal issues mooring work restriction order against DP World Wharf labourers prohibited from doing linesmen work for port operator
El Faro captain raised abandon ship alarm Families of El Faro's crew were informed of the findings before they were released to the public
ASL Marine warns of loss for quarter ended June 30 Exposure to Swiber fallout one of the reasons for forecast
VLGC rate rise belies stark reality Rates rise to more than $20 per tonne, but not everyone is convinced
Panamax bulker earnings ease on slowdown in South American grain shipments But Golden Ocean's Vartdal expects support from US grain exports
A recipe for digestion Reading the US and UK safety digests, one is struck by the repetitive nature of so many marine accidents
Analyst: crude tanker earnings to 'disappear' Morgan Stanley downgrades tanker and LPG carrier owners as Giannakoulis expresses expectation of lasting crude-sector downturn.
StealthGas misses despite leap in revenue Higher operating, drydocking and interest costs in second quarter drove the earnings miss.
BW LPG shares tumble to lowest level ever Shares in Oslo-listed gasship owner shed 9% after quarterly loss and gloomy outlook.
Recording captures El Faro's final day Master sounded the abandon ship alarm 77 minutes after first mention of loss of propulsion.
Transocean emerges as buyer of Atlas Island Monaco-based owner adds 2008-built Iino bulker to its fleet.
Rem ditches Vard newbuilding Offshore vessel owner agrees on contract termination as it recognizes huge impairment charge.
Cost-cutting puts Topaz in the money Offshore vessel owner reports profit in the first half as cash preservation scheme bears fruit.
Chang Myung sells two capesizes Korean owner offloads modern bulkers for $19m each.
Grindrod delivers expected weak result South African shipowner logs $78m loss a week after profit warning to investors.
Greek selling tankers arrested in Iran Tehran authorities detain Greek national over alleged involvement in oil smuggling and vessel sales.
SCF puts long-term deals in spotlight Russian giant focuses on fixed returns from projects such as Yamal LNG as tanker market declines.
Nord/LB loan loss provisions hit $1.13bn German lender plans further cuts to shipping portfolio following big KKR deal.
China Cosco posts $1.08bn loss in first half New containership arm of CoscoCS hit by tough markets.
Cosco eyeing Spanish port of Algeciras Chinese giant is said to be preparing for further European expansion, a report suggests.
Cho may fund Hanjin restructuring Shipowner not ruling out personal contribution from group chairman.
Offshore blues drag Eidesvik into the red Jan Fredrik Meling-led company reports a loss in the second quarter in "tough" market.
Oceanteam seeks alternative funding sources Oslo-listed offshore owner has not yet been able to re-finance bonds in offshore downturn.
Lower rates hurt Seadrill's profit John Fredriksen-owned drillship company makes less in the second quarter on the back of smaller revenue.
Siem Offshore: market to remain volatile Norwegian owner cautious after cutting second quarter loss.
BW LPG falls to loss as spot rates plunge Singapore owner predicts low rates for the foreseeable future as fleet growth continues.
Euronav bags VLCC resale double Paddy Rogers-led tanker owner latest to take advantage of lower valuations to bolster fleet.
Odfjell sees profit more than double But Oslo-listed chemical tanker warns of softer market ahead on increasing vessel supply.
Hoegh LNG sees net profit ease back Oslo-listed FSRU specialist hurt by higher interest expenses in the second quarter of 2016.
Yard delays prompted FPSO charter extension Perisai Petroleum Teknolog looks to be benefitting from shipbuilding woes in Korea.
Syllantavos and Tsirigakis raise $66.8m Greek duo raise sell shares in blank-cheque vehicle Stellar Acqusition III; private placement brings in more.
El Faro's 'black box' reveals 26 hours of information The National Transportation Safety Board (NTSB) said Wednesday that 26 hours of information was retrieved from the El Faro's voyage data re...
Hanjin submits financial improvement plan to Korea Development Bank South Korean ocean carrier Hanjin Shipping submitted a financial improvement plan to the Korea Development Bank Thursday, but did not revea...
TIACA chief Doug Brittin to retire Doug Brittin Douglas Brittin, the secretary general of The International Air Cargo Association (TIACA), will retire at the end of the year, ...
CSCMP names three to Supply Chain Hall of Fame Logistics and freight transportation luminaries Johnnie Bryant (J.B.) Hunt, Henry Ford and Malcom McLean represent the inaugural class to t...
UPS invests $300m in Louisville package facility The parcel giant UPS has started a $300 million expansion that promises to triple the size of its Centennial package facility in Louisvill...
Trek cycles toward trade automation The bicycle and cycling product manufacturer and distributor Trek Bikes has selected a range of trade and logistics automation products fro...
Virgin Atlantic Cargo strengthens Australian connection Virgin Atlantic Cargo has expanded its international long-haul cargo sales and management agreement with counterpart airline, Virgin Austra...
Executive Moves: project44 and TIA project44 , a Chicago-based supply chain technology provider, has named Darryl Anderson chief architect and Walt Heil senior vice president...
Investment fund to use CN's Central Station for public transport project Infrastructure investment fund CDPQ Infra has signed an agreement to acquire the aerial structure leading to Central Station in Montreal fr...
Ocean carriers shake up Asia-ISC trade Ocean carriers Evergreen Line and "K" Line will be joining the Asia-Indian Subcontinent dedicated PMX loop, which will soon be changing its...
CSX to increase capacity, train speed in Indiana CSX Corp. will increase capacity and train speed along its tracks between Seymour and Butlerville, Ind. as early as Sept. 7, 2016, the comp...
FedEx taps Atlas for peak season airfreight services FedEx Express has signed a new five-year contract with Atlas Air Worldwide Holdings, Inc. for peak season air cargo services, according to ...
Auto parts maker, tech firm partner on automated vehicle system Automobile parts manufacturer Delphi Automotive PLC and auto-focused tech firm Mobileye will collaborate to develop a fully automated vehic...
PACTL cargo volumes up 2% in 2016 Shanghai Pudong Int'l Airport Cargo Terminal Co., Ltd. (PACTL), the largest airfreight handling services provider at the Shanghai Pudong In...
FMC seeks more information on Ocean Alliance Commissioner William P. Doyle of the U.S. Federal Maritime Commission (FMC) said Thursday he voted in favor of requesting additional inform...
Arctic passage presents unique opportunities, environmental risks The Northern Sea Route, currently only usable during the summer season from July to November, could be open year-round by 2020, according t...
U.S. Class I railway employment ticks up in July Class I freight railroads in the United States employed 152,718 workers as of the middle of July 2016, a 10.71 percent decline from 171,043...
Baozun Inc. launches warehousing, logistics solutions subsidiary Chinese e-commerce solutions provider Baozun Inc. launched Baotong E-logistics (Baotong), a wholly-owned warehousing and logistics subsidia...
Diverging demand trends blow out Houston-New Orleans IFO 380 spread over month The five-day moving average for the spread stood at about $9.60/mt Thursday, according to S&P Global Platts data, with Houston at a discount. One month ago, Houston was at a 30-cent/mt discount, or essentially flat with New Orleans.
Nigeria downbeat on oil prices, adopts $42.50/b in 2017 budget Current output remains as low at 1.5 mil b/d
Oil futures rise as Iran pledges to attend informal OPEC talks NYMEX October crude settled 56 cents higher at $47.33/b
Fuel oil hi-lo at two-year high on tight supply in Northwest Europe
TANKERS: WAF Suezmax rates show signs of recovery amid heavier fixing
GLOBAL VLCC TRACKER: Weekly Saudi departures plunge to 8-month lows
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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