TEN finds charter for second LNG carrier Maria Energy fixed for 18-36 months in deal that could generate more than $70m
NAT goes long in tanker deal with SHI Updated: Order for three suezmax tankers worth $174m
GasLog Partners paves the way Vessel acquisition signals return to normalcy and dividend growth in the LNG MLP sector
The writing on the wall More than half of the shipping industry is exposed to fundamental changes in the energy sector
Sulphur cap set for 2020 Debate at MEPC 70 ends in favour of 0.5% fuel sulphur content cap in 2020
Falling Indian fuel demand raises concerns for product tankers MR rates surge in Atlantic on pipeline issues and hurricane disruption
Cape earnings collapse by 23% on week Mood turns ugly as capes underperform smaller bulkers with weak Atlantic and Pacific trades
US energy flows keep suezmaxes and aframaxes busy Imports on the rise as low oil prices cap production, while the market also views US as a dedicated exporter in the long term
Keep costs low to take the beating when it comes, advises Hafnia's Skov Hafnia Tankers boss says volatility is unavoidable, so take action to prepare
Samsung Heavy Industries sees profit recovery in third quarter Restructuring efforts begin to bear fruit
Boxship price wars need to be 'decent', says CMA CGM's Saadé Rock-bottom rates are not the answer, and could lead to another Hanjin bankruptcy, warns CMA CGM vice-chairman
DSME sells Seoul headquarters Deal with Capstone Asset Management comes in under expectations at $148m
HMM a strong contender for Hanjin's Asia-US assets as deadline looms Court will begin accepting letters of interest from potential buyers on Friday
Global sulphur cap decision could be made today at IMO Contentious fuel availability study results to be discussed at MEPC 70
HMM a strong contender for Hanjin's Asia-US assets as deadline looms Court will begin accepting letters of interest from potential buyers on Friday
DSME sells Seoul headquarters Deal with Capstone Asset Management comes in under expectations at $148m
Cosco Shipping Ports profit drops on tepid trade growth Overall container throughput growth at its terminals slowed
Dalian Port nine-month profit falls on slowing demand for port services But revenue rose on a 118% jump in trading income volumes
Lois Zabrocky to become head of OSG's international spin-off High-profile appointment of company veteran celebrates another break of industry's highest glass ceiling
Swallowing the anchor Only the terminally deluded shipping company recruiter would expect young ship's officers not to be casting around for a shore job at some stage
Arne Blystad in dry-bulk OTC offering Norwegian magnate seeing to raise up to $100m from capital markets.
GSL improves result despite impairment hit New York-listed containership owner reduces bottom line loss and boosts adjusted profit.
Analysts cheer GasLog Partners dropdown Purchase from parent shows return to normalcy in LNG and revitalisation for MLP space.
Former Hanjin MR pair to set new marker Brokers closely watching transaction that will establish new benchmark price.
TEN eyes LNG growth after charter deal Maria Energy locked away for 18 months to three years, bringing up to $70m in revenue.
First Norwegian AHTS fixed in 17 days Broker Westshore says more North Sea pain ahead for owners.
Brussels boost for LNG market Danske Bank bullish on vote to cut import dependence on Russia.
DNB's Holth rides out market downturn Head of shipping Kristin Holth says the Norwegian bank's results are strong with good underlying business, despite heavy writedowns.
GasLog Partners ends dropdown drought MLP signs $189m deal with parent as it releases stable third quarter results.
NAT strikes for Samsung suezmax trio Herbjorn Hansson sets equity issue cash to work with newbuilding order in Korea.
HSH taking over nine Hanjin boxships German bank said to be chartering vessels to Maersk Line and MSC.
SD Standard in second PSV play Martin Nes-chaired company follows up August purchase with 20% stake in second Clarksons Platou-led PSV project.
Owners benefit as good times roll for P&I clubs Gard, Steamship Mutual and Standard clubs to return premium and seek no general increase.
Global trade has left some behind: Skou Maersk CEO tells industry leaders shipping must accept trade growth has not been positive for all people globally.
Siem sees further rise in lay-ups Oslo-listed owner says the struggling offshore support vessel market will remain in a difficult position.
Gothia orders two more dual-fuel tankers Swedish alliance adds to series of LNG-powered eco-ships at Avic Dinheng in China.
Klaveness sells final bulker newbuilding Norwegian owner offloads Chinese-built ship to exit standard bulker sector.
HMM could be only Hanjin bidder Korean rival may have clear run at compatriot's Asia-US liner business.
DNB's impairment losses rise to $262m Norwegian bank sticks to $2.2bn loan-loss forecast to 2018 in tough shipping markets.
Hyundai Heavy cut to 'neutral' at Nomura Japanese investment bank says it sees limited upside following recent share price rally.
Semua clean tanker set for Singapore auction Admiralty sheriff gives interested bidders until early November to submit bid for arrested vessel.
Shallow draft LNGC targets Southeast Asia Designed to be capable of accessing rivers and shallow harbors with a draft of only two meters.
Kirby Corp sees Q3 profit drop over 40% Barge firm says lower utilization and scrapping should bring supply and demand back into balance.
Buss Capital seals $260m structured facility German container leasing company agrees deal with five banks for Singapore subsidiary.
Sunteck, TTS will merge Jacksonville, Fla.-based transportation services provider Sunteck will merge with Dallas, Texas-based TTS,and the merged companywill operat...
Ocean rates on the rise outside of 'Hanjin effect' Ocean freight rates have been on a gradual rise since April, stripping out the short-term impact of Hanjin Shipping's insolvency in late Au...
CMA CGM looks to sell APL terminals French shipping company CMA CGM is seeking a buyer for the APL container terminals, according to a report in the Singapore Business Times b...
UPS reports higher net income, revenues in Q3 UPS reported a net income of $1.3 billion for the third quarter of 2016, up 1 percent from the third quarter of 2015. Earnings per share f...
Public policy coalition opposes STB reciprocal switching regulations A coalition led by non-profit public policy organization the Competitive Enterprise Institute has sent a letter to both sides of Congress u...
Hub Group Q3 earnings drop even as revenues rise Hub Group, Inc. saw net income drop 9.6 percent year-over-year to $17.9 million in the third quarter of 2016, according to the company's mo...
Kirby Corp. profits plummet in Q3 2016 Kirby Corp. saw net earnings attributable to shareholders in the third quarter of 2016 plummet 43.7 percent to $32 million compared with th...
IMO reaches decision on sulfur cap The International Maritime Organization's (IMO) Marine Environmental Protection Committee (MEPC) will lower the global cap on the amount of...
Two investors acquire controlling stake in Pilot Freight Services Lima, Penn.-based Pilot Freight Services said Wednesday that two companies - the aerospace, transportation, and logistics-focused private e...
Echo's Q3 net income falls 32% despite rise in volumes, revenues Echo Global Logistics reported Wednesday its net income for the third quarter of 2016 fell 32 percent from the third quarter of 2015 to $2....
Bison develops portable system for weighing containers on chassis A New Zealand-based company called Bison has developed a portable system for weighing containers on chassis to help shippers comply with a ...
Shipowners consider bunker fuel options after IMO move to 0.5%S The decision by the International Maritime Organization Thursday to lower the global sulfur limit of marine fuels at sea to 0.5% would have a profound impact on the fuel oil and bunker fuel marke
Petrobras says idles FSRU, cites 'operating costs' The Golar Winter floating storage and regasification unit, chartered by Petrobras and moored since 2013 at its LNG terminal in the port of Salvador in the northeastern state of Bahia, is offline to optimize operating costs,
IMO sulfur cap weakens fuel oil forward curve, strengthens gasoil The back end of the fuel oil forward curve sold off on Thursday after the International Maritime Organization decided to implement a 0.5% global sulfur limit from 2020
FACTBOX: Winners and losers from the IMO's 0.5% sulfur bunker cap A committee of the International Maritime Organization (IMO) decided Thursday at a meeting in London to impose a new global 0.5% sulfur limit on marine fuels from the start of 2020
Weather woes lead to bunker fuel tightness at China's Qingdao port Recent bad weather, causing cargo delays, has led to a shortage of bunker fuel at China's Qingdao port, located in eastern Shandong province
World's first LNG-fueled bulk carrier expected to be ready Nov 2017 The vessel, capable of carrying 50,000 dwt of freight, will have a dual-fuel engine that can run on both standard bunker fuel and LNG.
UPDATE: IMO decides on 2020 for 0.5% global bunker sulfur cap Marine Environment Protection Committee rejected the possibility of delaying to 2025
External: Praxis Energy Agents S.A
IMO decides 0.5% sulfur cap will be implemented in 2020 Marine Environment Protection Committee rejects possibility of delaying to 2025
European fuel oil cracks surge on tight availability, weaker North Sea complex Cracks have been supported in October by tight supply and high trading volumes, rising from minus $10.10/b at the start of the month.
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