Forwarders face significant change from e-business Drewry report highlights 'wide and varied threats and opportunities' as innovative online platforms alter the way companies buy international shipping services
Disruptive manufacturing: Hype or game-changer? Supply chain experts differ over the extent to which innovations will alter logistics and freight flows, despite indications it will drive some near-shoring
Scrapping in 2016: Record year for containerships Recycled bulker volume below expectation but next year's tanker demolition may pick up
DP World lifts stake in Pusan Newport Port operator picks up 24% stake from Samsung for undisclosed terms
HPH Trust to take majority stake in Huizhou terminal Price of $86.3m to be paid in two instalments
Jinhui restructuring deal cuts mortgage payments in half Creditors agree cross-collateralisation as forbearance period granted to end-2018
Singapore court to auction Hanjin Rome Interested parties have until 1500 hrs local time on January 12 to submit bids
Korea to spend $3.5bn on Jeju and Donghae ports Funding to help boost cruise tourism at Jeju, raise cargo volumes at Donghae
Antwerp 2016 box throughput to exceed 10m teu Dry bulk throughput plummets almost 10% while liquid volumes rise
Asian feeder operators looking to raise rates in 2017 Higher bunker fuel costs are hitting bottom lines
Gulf Navigation inks shipmanagement pact with SeaQuest Group Company looking to diversify its business
DSME inks shipbuilding development pact with Iran Both parties to form a joint venture company to establish a shipyard in Iran
Stress testing Concern with the mental health of seafarers is admirable, but we should be addressing the root causes
Petronas in rethink on LNG export project Malaysian oil and gas firm considers other ports for Pacific Northwest LNG.
Weihai Yunhao ship collides with tug Tug sinks after casualty involving Chinese shipowner's Gold Eagle.
Shipowners allege pilot 'monopolies' in fees Continuing suit over Great Lakes fees says pilot retention is not a real issue.
VLCC spot rates decline into year's close String of Thursday fixtures show drop in WorldScale rates for eastbound journeys.
Axis Offshore closes sale of flotel fleet J Lauritzen-backed accommodation vessel owner pockets $9.5m for sale of 25% of accommodation vessel Dan Swift.
Skangas plans LNG reload deal with Statoil Producer says deal makes case for viability of small-scale LNG market
Odfjell completes $130m Oman sale Norwegian shipowner boosts fleet investment power after closing terminal sale.
IMECS disposes of oldest bulker IMECS of Japan is reported to have offloaded its oldest bulk carrier over the Christmas period. Brokers report the 52,300-dwt Nord Discovery (built 2006) has been sold for around $7.5m. An as yet unnamed Taiwanese owner is said to be the buyer. The Nord Discovery was comfortably the oldest bulker in the IMECS fleet of 16 ships, according to VesselsValue. Following its sale, all of the company's re
Shipping strife hindering Korean economic growth Depression in shipping markets will prove a drag on South Korean economic growth in 2017. Asia's fourth largest economy is projected to grow by 2.6% next year, below the previous 3% forecast, the finance ministry said today. Seoul believes continued corporate restructuring in the shipping and shipbuilding arenas will impact the economy, with fewer jobs generated, Reuters reports. "Our focus is to
Lone lookouts blamed for collision Accident report cites lack of attention by watchkeepers for coastal crash.
Shipping tycoons miss out on global gains World's richest people enjoyed a fruitful 2016 but leading maritime figures saw their net worth fall, Bloomberg data shows.
DSME in Iran shipbuilding deal Korean shipbuilder to construct new yard in partnership with IDRO.
Vard privatisation deadline extended Fincantieri has secured an extension in the privatisation of Singapore-listed shipbuilder Vard.The Italian group had been expected to close the $86m move today but the deadline has now been pushed forward until 12 January.A statement issued by Credit Suisse on behalf of Vard explained the terms of the transaction had not been changed.Fincantieri already holds more than 55% of Vard and last month o
DP World ups stake in Pusan box terminal DP World now majority shareholder in Pusan's largest container terminal.
Korean FSC backs DSME recovery Financial watchdog says cash strapped Korean yard should not be allowed to fold.
Jinhui redraws debt on 25 bulkers Oslo and Hong Kong-listed shipowner cuts loan repayments and sees covenants waived.
ASL Marine launches consent solicitation Singapore-listed firm looks to get bondholders to back three-year extensions for bonds due in 2017 and 2018.
Seadrill secures Saudi Aramco rig extention Jack-up co-owned by Fredriksen-backed firm and Mermaid Offshore stays contracted until 2019.
Hanjin Rome set for Singapore auction Admiralty court gives potential buyers until the middle of January to bid for panamax boxship.
Sheehan in cruise comeback Former NCL chief executive buys small Florida-based cruise line.
Indonesia Navy detains six alleged pirates Among those arrested is man who has already served a four year sentence for piracy.
DryShips poised to cut fees to Economou Company says re-jigging of related-party management deals will see DryShips pay 33% less in all-in fees.
Asian feeder lines plan early box rate rise Rate restoration program under 2017 business plan set to kick in during first quarter.
Commentary: Balancing California's environmental goals It seems placid dairy cows are next up in the crosshairs of California legislators and environmental regulators. The cows didn't do anythin...
Sailing the 'inland seas' A new maritime cargo service between the ports of Milwaukee, Wis. and Muskegon, Mich. could potentially set sail as early as the end of Mar...
Sino-Global inks deal with COSCO subsidiary Sino-Global Shipping America, Ltd., a non-asset based global shipping and freight logistics integrated solutions provider, said it has sign...
DSME to help Iran shipbuilding industry Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) said it has signed an agreement to help develop Iran's shipbuilding industry. ...
DP World ups stake in Korean port DP World said it has acquired an additional 23.94 percent stake in Pusan Newport Company Limited (PNC) in South Korea from Samsung Corporat...
Port of Antwerp posts record freight volumes The Port of Antwerp will close 2016 with an expected record throughput of over 214 million metric tons for the year, driven by increased sh...
HMM rebuts skepticism about growth plans Hyundai Merchant Marine (HMM) said it has "coherent strategies" for gaining a five percent share of the container shipping market by 2021, ...
Saudi Aramco to raise Feb crude OSP differentials for Asian buyers: traders The forecast reflected the narrowing contango in the Dubai market structure, traders said.
Israeli gasoil imports set to rise to boost strategic reserve: sources Earlier this week, the energy and water resources ministry told state-owned Israel Electric Corp. to purchase large quantities of gasoil for storage in the event of an emergency, the sources said.
CHINA DATA: Gasoil demand remains healthy in Nov with 1% rise on month In October, the country posted the first year-on-year increase in apparent demand for gasoil since September 2015 of 0.7%.
US DATA: EIA says fuel oil stocks at highest since May US Gulf Coast stocks rose 955,000 barrels to 26.33 million barrels, and accounted for the majority of the build from last week.
External: Wired Bunkering
FEATURE: Russia's refining to face new pressure in 2017 on January tax changes Russia has been cutting refining throughput since 2015, when it introduced a three-year tax change program.
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