Kim Fejfer hands over to new APMT boss at critical juncture for container ports A new relationship between Maersk Group's container shipping and terminals divisions will dictate the strategy for Morten Englestoft, appointed to top job in recent management reshuffle
Topaz given technical management of three vessels in $30m deal Consortium partner Blue Water Shipping secures new order for $40m
Baltic Exchange appoints new chief UPDATE: Baltic's Chairman Guy Campbell steps down
US to announce first type-approved systems in 30 days Shipping will know within the month if the US has type approved its first ballast water treatment systems
Farstad ramps up job cuts at Australia-based arm 'Structural adjustments' to add 100 jobs losses to 35 made earlier
Wisdom Marine to raise $13m for fleet expansion Taiwanese owner ordered two 63,000 dwt dry bulker in August
Positive about Brazil It has been a while since Brazil's energy industry has seen some positive press but pre-salt opening could change that
HHI fails to secure August shipbuilding orders Shipbuilding and offshore declines hit Hyundai Heavy's orderbook across segments
Otto Marine hit with subsidiary wind-up request days before delisting Three creditors claim two Otto Marine subsidiaries owe almost $600,000
Hanjin Rome allowed to discharge cargoes Containership remains under arrest in Singapore
Box throughput at major Indian ports rises 4.3% in April-August Government to develop 48 minor ports in Gujarat state
Jinhui offloads one panamax bulker for $12.8m Buyer is ultimately owned by Greece-based Fundador Compania Naviera SA
COSCO SHIPPING boss calls for anti-dumping probe Exclusive: Xu Lirong expresses shock at slump in freight rates
'Messy' Offen boxship sale takes hit from Hanjin Capital and Zodiac duel over German pair of 8,400 teu vessels
NAT launches share sale for growth cash Suezmax specialist announces its first equity raise of 2016 with fleet expansion in mind.
Judge refuses to call El Faro 'unseaworthy' Federal court rejects effort by wrongful death claimants to secure pre-trial judgment on propulsion failure.
Offen boxship pair in Zodiac's sights UK owner favourite to secure purchase of containership duo, sources say.
Offshore vessel shares hit new all-time low GulfMark, Tidewater and Hornbeck slump as rig utilisation expected to fall further.
Maersk suffers rig contract cancellation Drilling subsidiary says Dong Energy terminates contract for jackup drilling rig Maersk Resolve.
Wells: Tanker upturn post Thanksgiving Mike Webber says weaker market behind moderate stance of DHT; owner on his radar.
Boston Putford scraps another standby ship Putford Apollo docked at Fornaes breaking yard in Denmark.
Carnival Corp books largest profit ever Cruiseship owner raises its full-year outlook after record performance in the third quarter.
Shippers holding on to $80m owed to Hanjin Cargo owners tell US judge they need cash to pay higher costs of shifting goods.
Maersk Container launches Star Cool Container arm of Danish conglomerate designs reefer suitable for cargo care and monitoring.
Farstad Shipping sells anchor-handler Oslo-listed owner disposes of 1998-built vessel at a loss of $1.36m.
PSV rates crash back to rock-bottom Huge build-up of free ships sends North Sea market close to record lows again.
Chinese bulker hit by fire Uruguayan navy helps extinguish blaze that left Fortune Harmony unable to manoeuvre.
Hoegh LNG Partners loads for dropdown A $600m shelf filing lays groundwork for Hoegh Grace transaction.
Will others adopt Maersk Line stance on newbuildings? No more steel contracting position could be copied in oversupplied market, Affinity Research says.
The sunken lighthouse: Officers and crew The fifth episode of this podcast series on the sinking of El Faro explores the lives of all 33 men and women who went down with the ship.
Xeneta lines up New York launch Norwegian boxship freight agency heading to 'global epicentre' of trade.
Turkish containership sinks off Italy Crew rescued from lifeboat after Mustafa Kan springs leak in engine room.
Maersk Tankers rings management changes Claus Gronborg and Soren Meyer take up new posts under leadership of Christian M Ingerslev.
GO Marine fights winding up bids Otto Marine's Australian subsidiary targeted by creditors over disputed claims.
Jinhui Shipping sells modern panamax Hong Kong and Oslo-listed shipowner takes year-to-date vessel disposals to seven ships.
Banks approach HMM to buy Hanjin ships Hyundai Merchant's stock jumps on report it has been offered vessels from collapsed rival.
US owner picks up former Hanjin bulker Maritime Management bags ship from HI Investment & Securities after time charter was cut.
Korea pledges more help for Hanjin Finance minister says government will announce new measures next month.
Sirius orders dual-fuel tanker double Swedish owner inks deal at Avic Dinheng in China for eco-ships.
Global Ports Investments taps bond market for $350m London-listed Russian container terminal operator will use funds to repay existing debt.
Fitch sees few major benefits from Maersk split Rating agency says Danish behemoth will get little solace from sectoral diversification.
Jinhui Shipping sells modern panamax bulker Hong Kong and Oslo-listed shipowner takes year-to-date vessel disposals to seven ships.
Toll Group confirms Chinese newbuildings New ships will replace existing tonnage on Aussie company's Victoria and Tasmania service.
Shipping industry critiques FAST Act freight provisions The FAST Act transportation blueprint enacted in January included initiatives that focused on improving freight transportation, but state t...
DHL Express to hike rates in 2017 DHL Express will hike rates again in 2017, according to a statement from the company. The Bonn, Germany-based parcel carrier's expedited s...
NAFTA trade decline extends into 19th month in July The total value of cross-border trade between the United States anditspartners in the North American Free Trade Agreement (NAFTA), which in...
Drewry: How Hanjin's insolvency will impact 'THE Alliance' The decision by Korea's largest container carrier, Hanjin Shipping, to seek protection from creditors in bankruptcy court, has created ques...
Amazon subsidiary fined for violation of UK dangerous goods rules An Amazon.com Inc. subsidiary has been fined 65,000 British pounds (U.S. $84,288.92) for violations of United Kingdom airfreight safety reg...
UPS partners with drone maker to test urgent parcel delivery service UPS Inc. has partnered with drone manufacturer CyPhy Works to test the use of unmanned aircraft systems (UAS) for urgent parcel delivery, a...
Commerce weighs in on stainless pressure pipe imports from India The Commerce Department has determined that several Indian manufacturers of welded stainless pressure pipe are dumping their product on the...
Watco launches international ocean, airfreight forwarding unit Watco Supply Chain Services, LLC has introduced a new international ocean and airfreight forwarding division, the company said in a stateme...
GRI Roundup: Maersk Line, CMA CGM, Hapag-Lloyd and MOL Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL announced "Freight All Kinds (FAK)" and general rate increases on various trades. ...
Special Coverage: Hanjin's insolvency creates widespread economic problems It might have sounded like hyperbole when Gerry Wang, the chief executive officer of containership lessor Seaspan, said last month the fall...
ITC: U.S.-Chile FTA origin rules change to have negligible impact The U.S. International Trade Commission (ITC) concluded that proposed modifications to the U.S.-Chile Free Trade Agreement's rules of origi...
U.S. Ex-Im Bank expands relationship with Africa's PTA bank The U.S. Export-Import Bank and the Eastern and Southern African Trade and Development (PTA) Bank have signed a memorandum of understanding...
Xeneta opens New York City office Xeneta, a global benchmarking and market intelligence firm with a focus on the containerized ocean freight industry, has opened its first U...
SeaLand adds call in Southern California SeaLand, the intra-Americas regional ocean carrier of the Maersk Group, said its West Coast Central America (WCCA) service has begun includ...
SMC³ adds visibility, execution APIs to its platform The trucking technology provider SMC³ said Monday it has released a series of web-based application programming interfaces (APIs) to its SM...
Oil futures turn higher with Algiers meeting in spotlight NYMEX November crude settled $1.45 higher at $45.93/b. ICE November Brent settled up $1.46 at $47.35/b.
Provisional October Ust-Luga loading program is longest ever
External: Praxis Energy Agents S.A
Singapore Q4 ex-wharf 500 CST bunker fuel term at $4-$5/mt discount Up from minus $7-8/mt to MOPS 380 CST HSFO assessments in Q3.
Shell, Project Forward investigate LNG bunker supplies Project Forward, led by Greece's Arista Shipping, has developed a design for ocean-going LNG-fueled vessels suitable for bulk carriers and tankers.
External: Wired Bunkering
Danish bunker fraud case bad for industry image: IBIA An unnamed Danish supplier was fined DKr10 million ($1.5 million) and one of its senior executives sentenced to three years and a half years' imprisonment
FEATURE: Where key producers stand as pressure builds in Algiers for an output deal
Denmark's Monjasa says no changes likely to bunker operations after CEO quits Jacobsen, who owns 50% of the Monjasa Group, left on September 23 due to personal reasons
External: Marine Bunkering(Rotterdam)B.V.
Japanese shipper Kawasaki Kisen Kaisha denies bankruptcy rumors The company had Yen 214 billion ($2.1 billion) in cash and deposits as of June 30, net assets worth Yen 300 billion, an equity ratio of 29.1% and a liquidity ratio of 154.5%
TENDER DATA: India's IOC offers 35,000 mt 380 CST HSFO for October 22-24 380 CST high sulfur fuel oil with maximum 4.6% sulfur; 35,000 mt
Taiwan's CPC halts bunkering operations at Suao port on Typhoon Megi CPC also said that it will be unable to accept new bunker fuel orders for Suao port should the scheduled delivery time be on or before September 28.
TENDER DATA: India's IOC offers 35,000 mt 380 CST HSFO for October 22-24 380 CST high sulfur fuel oil with maximum 4.6% sulfur; 35,000 mt
FUTURES: Crude rallies amid supportive remarks from Algeria At 11:45 am Singapore time (0345 GMT), ICE November Brent crude futures rose 38 cents/b (0.83%) from Friday's settle to $46.27/b, while the NYMEX November light sweet crude contract was up 33 cents/b (0.74%) at $44.81/b
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