Louisiana Offshore Oil Port expansion to open US market for VLCCs Spot very large crude carrier earnings stem losses as chartering activity accelerates
Yard Talk | The hidden risks in CSIC Chinese policy banks can learn from South Korean peers to assess order probability before granting refund guarantees
Mitigate risk in a mixed fuel future Shipowners and operators are being urged to start planning now for looming, historic emissions changes, or face significant potential consequences
Capital Product eyes new acquisitions after refinancing Sponsor's fleet includes various drop down candidates but significant charters preferred
Baltic Exchange to close Baltex trading platform Decision follows that of London Clearing House, which will cease its freight clearing service by the end of the year
Paris and Tokyo MOUs to launch joint inspections for 10,000 ships Three-month campaign to aim at enforcing Solas compliance
Container terminal M&A deals point to improved outlook Chinese operators take advantage of improved global container port demand growth prospects
Asia-Europe trade lane sending positive signals to container lines Rates and volumes rise as carriers eye return to profitability
Ghana-China bauxite venture could boost handysize bulkers Proposed $10bn project points to more longhaul trades
V.Group appointments have a distinct taste of Danish blue Former Maersk executives take lead roles at shipmanager
How to read Opec: When the cartel doesn't matter to tanker owners When it comes to medium- and long-term earnings, fleet growth matters more than the 'all-important' producers' talks
Vitol orders up to eight VLGCs from HHI Deal for two firm orders and six options is worth up to $600m
NYK and K Line back in the black while MOL profits grow Japanese trio see better results on improved US and Europe trades
V.Group names Ian El-Mokadem as new chief executive Shipmanager fills operations role with former APMT boss
New French authorities take control of STX France Move throws a spanner in the works for Italy-based Fincantieri's earlier approved acquisition deal
BW LPG enters joint venture in India Alliance with Global United Shipping India will own and operate gas carriers in Indian waters
OOCL second-quarter volume rises 6.6% to 1.6m teu Transpacific and Asia-Europe services are the main drivers as market conditions continue to improve.
Gerry Wang to exit Seaspan Move comes following impasse with company over pay package
D'Amico Shipping records $6.2m first half loss Luxembourg-based product tanker operator d'Amico International Shipping recorded a net loss of $6.2 million USD during the first six months...
West Coast dockworkers likely to approve 3-year contract extension The International Longshore and Warehouse Union (ILWU), which represents dockworkers up and down the U.S. West Coast, appears to be closing...
UPS pumps up wine and spirits shipping services Atlanta, Ga.-based express carrier and parcel giant UPS has recently expanded its global service for shippers of wine, beer and spirits, th...
Renewable energy firm prepares solar sail test for bulk ships Fukuoka, Japan-based renewable energy firm Eco Marine Power is preparing for sea trials of electricity-generating solar panels which it has...
Japan's 'Big 3' report improved results in Q1 FY2017 Japan's three major shipping conglomerates - Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL) and Kawasaki Kisen Kaisha...
STB turns up heat on CSX for service 'deterioration' E. Hunter Harrison, who was named chairman and CEO of CSX in March, promised the Jacksonville, Fla.-based Class I railroad would implement ...
Abu Dhabi Ports, China sign $300m investment deal Abu Dhabi Ports has signed a $300 million investment cooperation agreement with China for the Khalifa Port Free Trade Zone, the company sai...
CargoSphere: Forwarders hungry for direct carrier feeds The cloud-based freight rate management software provider CargoSphere said the vast majority of freight forwarders and non-vessel-operating...
Seaspan CEO Wang stepping down later this year Seaspan Corp. Chief Executive Officer, Co-Chairman and Co-Founder Gerry Wang is retiring no later than the end of the year, the independent...
New LNG vessel en route to South Korea, making first solo icebreaking trip The world's biggest icebreaking tanker has set sail from Norway's Hammerfest LNG plant headed for South Korea, according to cFlow, S&P Global Platts trade flow software, on its first commercial voyage and the first solo icebreaking journey eastward via the Northern Sea Route.
Prompt NYMEX crude tops $50/b as US imposes sanctions on Maduro Crude futures climbed further Monday after US sanctions were imposed directly on Venezuelan President Nicholas Maduro, while a fire at Europe's largest refinery supported product futures.
US DATA: EIA says May residual fuel oil exports to Panama fell 7.5% US residual fuel oil exports to Panama totaled 962,000 barrels in May, 78,000, or 7.5%, less than in the same month a year earlier and the lowest total for May in 11 years, Energy Information Administration data showed Monday.
FEATURE: European bunker market could see boost from more cruises, capacity Recent quarterly results from Carnival, Norwegian and Royal Caribbean contained outlooks which suggested an overall slight rise in both demand and the number of ships, Melissa Long, a director at S&P Global Ratings, said.
Panama's June marine diesel sales rise 22% on year: authority Diesel marine sales in Panama totaled 24,383 mt in June, up 4,392 mt, or 22%, from 19,991 mt in the year-ago month, Panama Maritime Authority data showed Monday.
West African bunker prices reach seven-month highs The prices of bunker fuel at Lome, Togo and at offshore Nigeria on Friday reached their highest levels since January, amid tight supply.
External: Wired Bunkering
Crude uptrend continues amid profit taking The month 1/month 2 ICE Brent structure closed in backwardation last Friday for the first time since January 31, which could be a sign of market balance turning to deficit in Q4.
FEATURE: Venezuela faces dire oil outlook as US sanctions loom Output has fallen 240,000 b/d year on year; US sanctions may cause further declines.
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