Rodolphe Saadé stamps his authority on container shipping industry CMA CGM Group vice-chairman is voted Newsmaker of the Year as line wins Company of the Year award
Lloyd's List Tom Leander internship Leading maritime publication supports young talent in our industry with annual internship
Prove impact of non-dom rules on UK flag, industry told Changes to UK tax rules will not happen without evidence on the impact on the UK Ship Register
WTO revises down global growth estimate Lower forecast not promising for shipping, says Affinity
TEN takes second LR1 newbuilding Five-year deal with oil major could generate minimum of $40m including option period
Noteholders demand early payment from Rickmers Rickmers claims it does not know who the noteholders are, as complaint comes days after new restructuring plan reducing note payments
LR tanker rates slump to over two-year low, MRs give up gains MR tanker rates have eased after the restart of the Colonial pipeline restores fuel movement in the US
Cosco Shipping boss not interested in buying Hanjin ships But the South Korean carrier's terminal assets seems to be more attractive
First regular China-Netherlands rail shuttle launched Chengdu-Tilburg-Rotterdam Express currently operates weekly with a 15-day transit time but aims to run five times a week from late next year
Court in Seoul mulls sale of Hanjin Shipping as possible option Final decision yet to be made as creditor filing deadlines slip
Ballast water convention could lead to dry bulk recovery The new regulation may lead to increased levels of scrapping that may bring balance back to the oversupplied market
Gerry Wang urges South Korea to set up state-owned container line Seaspan is in process of taking back all ships on charter to Hanjin and looking for new customers
Controlling stake in Danish Ship Finance sold to consortium Maersk and other owners sell 72% of shares to Axcel, PFA and PKA
Opec stalemate to keep oil flowing for tanker markets Tankers benefit from the lack of any substantive Opec deal at Algiers and sustained low oil prices
Nasdaq warns Ocean Rig on share price Company has until March 27 next year to comply with the listing rules
Norient sues Taleveras over charter hire Danish pool operator seeks to seize assets in Delaware
Zodiac seals Offen boxship double UK-based owner understood to have completed deal which sets a new price level for containerships.
ITF slams US treatment of Hanjin crew Refusal to grant shore leave to seafarers on Hanjin Marine is a 'denial of human rights', union said.
Shipping lines raided in South Africa Maersk, Safmarine, MSC, PIL, CMA CGM and Hamburg Sud under scrutiny for alleged price-fixing.
Teekay LNG to tap investors for cash MLP reveals plans for fundraiser hot on the heels of Yamal contract for newbuilding.
Hanjin takeover not on Cosco radar Chairman rules out swoop for South Korean company as court mulls sale route.
United Ocean bulker fetches firm price
20 more PSVs must be culled, broker says Ships have to be stacked, sold or scrapped to push earnings above breakeven, according to Westshore.
BULL eyes expansion with $56m share sale BLT tanker and LPGC spin-off tapping investors for fresh cash.
Affinity: India developing 48 minor ports UK broker says Indian container volumes enjoying big growth.
DSME has one year to improve finances South Korean shipbuilder receives notice from the Seoul Stock Exchange.
Diana Shipping still a buyer, Stifel says Analyst believes New York-listed owner could perform several one-off acquisitions; unexcited by rates rise.
Cosco to invest in Khalifa terminal Chinese conglomerate set to sign 35-year agreement for Abu Dhabi port.
Ionic aframax heads to Zueitina in Libya Greek tanker to load first oil cargo since force majeure lifted.
Milaha forms new port venture LNG carrier owner joins forces with compatriot Qatar Ports for development of Hamad.
Consortium snaps up Danish Ship Finance Lender pledges commitment to industry after ending long hunt for a buyer with "highly satisfactory" $700m deal.
Iran and Oman launch shipping route First link between Gulf nations will connect Bandar Abbas and Port Khasab.
Myrvoll to exit Rem Offshore next month Chief executive follows chairman in exiting stage ahead of Solstad merger.
Seoul court considers sale of Hanjin Shipping But judge says no decision has yet been taken on how best to tackle shipowner's problems.
Saudi Arabia hints at OPEC cap deal with Iran Energy minister signals cartel could reach deal to limit production for first time since 2014.
MPC Capital tops up share issue to $41m Existing investors follow banks in ploughing money into German asset manager.
Ocean Rig receives Nasdaq share price warning George Economou-led driller considers reverse stock split in bid to get stock back over $1.
Executive Moves: Crane Worldwide and Röhlig Crane Worldwide Logistics has appointed Nancy Matthews senior director and vertical lead of life sciences. Matthews has more than 35 years...
U.S. Customs denies Hanjin's seafarers shore leave The International Transport Workers' Federation (ITF) is criticizing U.S. Customs and Border Protection (CBP) for denying shore leave to Ha...
Water infrastructure bill nears House vote The House of Representatives on Tuesday began debating the Water Resources Development Act (WRDA), which is anxiously awaited by the mariti...
Importers should tighten up AD/CV duty compliance, expert says Importers need to double-check that products are properly classified and have accurate origination information on customs entries to avoid ...
Commentary: Choosing the right Incoterm FOB vs CIF. As two of the most common Incoterms, how do you determine which one is right for your business? The answer depends on one crucia...
COSCO SHIPPING Ports gains terminal concession in UAE COSCO SHIPPING Ports Limited's wholly-owned subsidiary, CSPL SPV, entered into a concession agreement with Abu Dhabi Ports Company Wednesda...
UPS breaks ground on $80m DC in Germany UPS Inc. today broke ground on an $80 million package sorting and delivery center in Bielefeld, Eastern North Rhine-Westphalia, Germany, th...
Alaska Airlines to start L.A.-Havana flights Alaska Airlines said it plans to start daily nonstop flights from Los Angeles to Havana, Cuba Jan. 5. The flights were awarded by the U.S....
New China-Rotterdam rail service becomes fully operational A new weekly freight rail between China and the Port Rotterdam is now fully operational, the Rotterdam PortAuthority said Wednesday. The s...
DHL to buy UK Mail for $316m Deutsche Post DHL Group will acquire UK Mail Group plc for 242.7 million British pounds ($315.63 million), the company said in a statement ...
MassDOT awards $2.2m in freight rail infrastructure grants The Massachusetts Department of Transportation (MassDOT) has awarded $2.2 million in grant funding to seven freight rail infrastructure imp...
Logistics' own shark tank In the world of early stage venture capital funding, the amount of money that the tech-enabled freight forwarder Flexport snared Monday in ...
Executive Moves: AAGEX Freight Group and MIC Customs Solutions AAGEX Freight Group has appointed Jon Bramlett vice president of operations. Prior to joining AAGEX, he held management positions at Stoni...
Out-of-state truckers see refund for New York decal tax The Owner-Operator Independent Drivers Association (OOIDA)said it has reached an agreement with the State of New York to refund a registrat...
Kirby Inland Marine settles claims from Houston Ship Channel oil spill The U.S. Justice Department (DOJ)said Kirby Inland Marine has agreed to pay $4.9 million in civil penalties and implement fleet-wide improv...
UK supermarket chain renews reverse logistics contract with XPO Nationwide United Kingdom supermarket chain ASDA Stores, Ltd. has renewed its long-term contract with XPO Logistics for reverse logistics s...
Toll Group to invest $170m in new intra-Oceania vessels Toll Group will invest $170 million to build two new vessels to support trade between Victoria and Tasmania, a trade lane known locally as ...
Port of Piraeus posts boost in gross profits despite lower revenues Piraeus Port had gross profits of 12.7 million euros (U.S. $14,2 million, based on today's exchange rate) for the first half of 2016, a 5.6...
ILWU, PMA to discuss contract extension The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA), which represents the ILWU's employers,sa...
Petrobras oil workers plan safety slowdown starting Thursday Oil workers will start following the safety procedures, dubbed "Operation Stop Pedro" after Petrobras Chief Executive Pedro Parente, starting at 12:01 am local time (0301 GMT) Thursday
Oil futures rally on speculation over OPEC supply deal NYMEX November crude settled $2.38 higher at $47.05/b. ICE November Brent settled up $2.72 at $48.69/b.
US DATA: EIA says fuel oil stocks at their highest since July Domestic residual fuel oil stocks totaled 41.258 million barrels, a build of 603,000 barrels from the prior week.
Piraeus 380 CST bunker fuel hits 4-month high over Med cargoes on good demand Piraeus 380 CST fuel oil was assessed Tuesday at $258.50/mt, softening slightly to $249-252/mt Wednesday afternoon.
TANKERS: Asian long-range rates hit new 2016 lows on ample supply
External: Wired Bunkering
TENDER DATA: Turkish Tupras offers 33,000 mt HSFO for October 13-15: sources Seller: Tupras, Turkey Specs & quantity: 33,000 mt high sulfur fuel oil, plus/minus 10% at buyer's option
Kirby Inland Marine fined $4.9 million for 2014 US bunker fuel spill Some 4,000 barrels of fuel oil were spilled into the channel when barges being pushed by a Kirby vessel collided with the cargo ship Summer Wind.
Mumbai Outer Port Limits bunkering to resume end Oct, continue until mid-May Sources estimate sales will rise 5,000-6,000 mt/month from current levels.
ANALYSIS: Saudi Arabia, backed by Russia, pressures Iran on output deal Saudi Arabia offers production freeze proposal
FUTURES: Crude firmer ahead of informal OPEC meeting
External: Marine Bunkering(Rotterdam)B.V.
TENDER DATA: S Korea's Kowepo seeks 45,000 mt HSFO for Oct 18-22 Specs & quantity: 540 CST high sulfur fuel oil with maximum 2.59% sulfur
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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