Teekay wins new North Sea shuttle tanker contracts Market to remain tight going forward, says Evensen
Stena Line adds vessel to Rotterdam-Killingholme route Operator puts second ro-ro vessel on route from end-October
Hanjin: Tip of the iceberg Shipping companies have grossly over-ordered new ships that have been delivered into a stagnant global economy that has continued to decline
Maritime UK sets out Brexit agenda UK government urged to maintain single market access and wield more power internationally
K Line acts to quash bankruptcy rumour APL Logistics accused of disseminating false message that the Japanese line is facing bankruptcy
LNG needs to reduce costs to compete Cost curve is king, says Cheniere
Show me the Money: Hapag-Lloyd and UASC - rescue or strategic expansion? It remains to be seen whether the merger is a marriage of convenience or a shotgun wedding, with increased exposure to Asia-Europe traffic being a mixed blessing, writes Alastair Hill
Asia-Europe rates down more than 20% While Asia-Europe carriers will fear the worst with the slack season fast approaching, transpacific lines continue to reap the rewards in the wake of Hanjin's demise
Dryships sells panamax 'at 10% premium' The 2002-built Oregon is latest from Nasdaq-listed owner's fleet to be acquired by founder George Economou
Fincantieri and CSSC strike preliminary China cruiseship deal Shipbuilders agree to build two vessels for 2022 delivery
Hanjin secures bankruptcy protection in Germany Shipping line now awaiting a decision from Belgium
China Shipping Container Lines provides $275m loan guarantee Borrowing for two subsidiaries will be used to replenish working capital
Marco Polo Marine says business fundamentals are sound Company clarifies statement released a day earlier
Rodolphe Saadé warns of further failures after Hanjin collapse CMA CGM prepared to let other lines take the lead in the next wave of consolidation
Poten: growth in US exports good for tankers Researcher says US oil production to resume growth, benefitting cargo activity.
Judge refuses to axe OW's Hudson claim US Bankruptcy Court allows effort to collect from Illinois operator to continue.
Law firm flags up US windfarm opportunity Blank Rome says Rhode Island's Deepwater Wind paved regulatory path for vessels to serve nascent market as support grows.
Rem Offshore laying up another three PSVs North Sea tonnage glut could see new wave of stacking after owner reacts to rock-bottom rates, brokers say.
Credit Suisse targets second Efploia bulker Bank tries for sales order in high court of Namibia.
North Energy Capital buys into Reach Subsea Oslo-listed company has a new second largest shareholder as West Supply sells out.
USTC distances itself from court case Bunker company clarifies it is not involved in a legal case which saw an unnamed firm sentenced.
South Korea's Iranian crude imports double Shipments spiked year-on-year in August as output increases after easing of sanctions.
Teekay signs COAs with oil majors New York-listed company secures long-term employment for two shuttle tankers in the North Sea.
Boxship values under the microscope Pending sale of Offen brace set to establish new benchmark for such tonnage.
Aker-Farstad union 'would not move rates' Clarksons Platou busts the myth that combined offshore group could shift a fractured, depressed spot market.
Stena Line adds ro-ro to UK service Swedish owner responds to increased demand with the addition of second vessel.
Marinakis tied to bargain boxship brace Greek owner said to have snapped up vessels from Offen in a deal that shows major deterioration in prices this year.
Two hurt in tanker explosion Seafarers taken to hospital after blast hits Morfini bunker ship in Italy.
Boluda and OPDR team up in Canaries Short-sea lines form strategic alliance for Spanish islands.
Rieber culls all permanent seafarers Oslo-listed company axes 66 crew on its nine vessels and plans to replace them with contractors.
Maersk Line closes book on newbuildings Chairman says mergers and acquisitions will replace trips to the shipyard.
Outlook 'really bad' for Rickmers, Swiber bondholders Southey Capital says investors looking to offload millions of dollars of debt at just 1-2%.
Polarcus adds survey job in Europe Middle East owner to carry out 3D seismic data acquisition in fourth quarter.
Mission to Seafarers looks to help Hanjin crews Maritime welfare charity warns there could be a crisis if ships are blocked from entering port.
Varun aframax set for Singapore auction Sheriff gives interested bidders until early October to submit bids for ten-year old tanker.
U.S. says more work to be done as China lifts beef import ban The Office of the U.S. Trade Representative (USTR) acknowledged that China's Ministry of Agriculture has lifted its ban on U.S. beef import...
House Democrats voice opposition to WRDA after late change The reauthorization of the Water Resources Development Act (WRDA) appears set for a floor vote in the House next week, but Democrats who st...
Spot rates fall back as boost from Hanjin bankruptcy subsides Container spot rates as measured by the Shanghai Containerized Freight Index (SCFI) on Friday fell across the board compared to the previou...
Commentary: Confusing symptoms with the cure The recent declaration of bankruptcy by South Korean ocean carrier Hanjin Shipping is a symptom of what ails the container shipping industr...
Port of New York/New Jersey experiences busy August As the Port Authority of New York and New Jersey reported its marine terminals saw high volumes of cargo August, the agency's commissioners ...
Reps. Hahn, Napolitano want hearing scheduled on Hanjin collapse U.S. Rep. Janice Hahn, D-Calif.,said Thursday that she and Rep. Grace Napolitano, D-Calif., plan to ask the House Transportation and Infras...
U.S. wins WTO compliance dispute over EU's Airbus subsidies The World Trade Organization (WTO) ruled in favor of the United States in a long, drawn out dispute with the European Union and four of its...
Maersk shuffles top management in wake of split announcement It appears the A.P. Moller-Maersk companies are wasting no time in shaking up senior management positions following yesterday's announcemen...
More Hanjin vessels offload cargo More Hanjin ships have been offloading cargo at various ports. The Marine Exchange of Southern California said it expected the Hanjin Jung...
Executive Moves: Port of New Orleans and CHA Consulting The Port of New Orleans board has elected Michael W. Kearney chairman. Kearney represents Orleans Parish and joined the board in December o...
FMC reviews 37 OTI license applications The U.S. Federal Maritime Commission (FMC) has received 37 ocean transportation intermediary license applications and changes for review. ...
Special Coverage: Port of Virginia kicks investment plans into high gear Stabilize operations: Check. Restructure organization: Check. Restore fiscal health: Check. Those were the immediate tasks faced by John Re...
Tech providers map out post-Hanjin phase Three weeks into the Hanjin insolvency crisis, ocean freight technology providers have urged the industry to focus on what comes next. "It...
UTi loses contract to XPO in Wisconsin UTi Integrated Logistics will lay off 200 of its employees at Sealed Air Corp.'s warehouse in Sturtevant, Wis. on Jan. 15, 2017. UTi Human...
IAG Cargo launches emergency shipment service IAG Cargo said Thursday it is launching a new emergency shipment service called Critical, and also unveiled its plans for a new freight fac...
Algiers OPEC meeting will test group's credibility on output policy How such a pact would be enforced also remains a significant uncertainty.
Danish bunker fuel supplier fined $1.5 million over fraud The case relates to a complaint in 2014 over 24 deliveries of fuel oil to a Malaysian customer, in which the customer received less product than it had paid for.
Hanjin Shipping -- The fallout so far Vessels have been arrested, others remain stranded outside ports, and bunker credit conditions are tightening as companies determine where the exposure to the debt has fallen.
Japan shippers split Singapore bunker term amid price uncertainty The change in approach was driven by price uncertainty ahead of the mandatory adoption of mass flow meters at Singapore from January 1.
External: Praxis Energy Agents S.A
Russian government urges stable 2017-19 oil taxation
ARA fuel oil stocks at lowest level this year on VLCC loadings Stocks remain well below average levels for the year of around 6 million barrels, and far below the highest level reached in April at 9 million barrels.
External: Wired Bunkering
PRESS RELEASE: Teekay Offshore Partners Awarded New North Sea Shuttle Tanker Contracts
Singapore Q4 ex-wharf 380 CST bunker fuel term inked at around $2.50/mt premium This compares with current quarter term contracts concluded at discounts of $0.25-$0.50/mt to MOPS 380 CST HSFO assessments.
FUTURES: Crude pulls back on profit-taking amid Saudi-Iran meeting
FEATURE: Global LNG bunker sales may gain 24% by 2025 Tighter emission regulations and stricter enforcement may stimulate demand
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