TEN looks forward to cash boost from fleet expansion Greek tanker owner strikes positive stance on upcoming periods despite tough third quarter
Tanker markets set to endure more Opec cuts but longhaul trades may prosper Longhaul trades from the US and more scrapping could boost earnings even as Saudis reduce exports
Updated: Maersk begins process to integrate Hamburg Süd fleet Danish carrier expects savings of $350m-$400m a year from 2019, as it takes over 105 ships from Hamburg Süd
LNG fuel currying favour with owners A third of owners are likely to add new vessels to their fleet by the end of 2018
CMA CGM to merge MacAndrews and OPDR subsidiaries French carrier aims to develop European multimodal services
Finance: The future might lie in the past With leasing growing its footprint in shipping, the industry should learn from a past financial crisis
Big Marinakis VLCC order emerges at Samsung Four of eight tankers are firm but go-ahead threatened by refund guarantee impasse
Congestion build up supports capesizes and panamaxes Delayed vessel lists tighten tonnage availability in both the basins
Hapag-Lloyd completes integration with UASC Merger will bring savings of $435m a year
Daily Briefing Clarksons calls in the police after hackers target its computer system
Gulf in shipping industry's gender pay gap revealed Survey of members of the Maritime HR Association reveals scale of gulf in pay
Data Hub: Trade Statistics European trade still better than last year despite fourth-quarter slowdown
Third-quarter box line results reflect improving market Carriers return to profitability, but dark clouds linger on the horizon
MPC Container Ships posts first profits Company in start-up phase of its operation releases three-month interim financial report
Euronav offloads elderly suezmax for $9m as part of fleet renewal plan Company reaps $8.5m capital gain from the deal
APMT focused on home improvements Spotlight on underperforming terminals as port operator bids to reverse profit slide
Hyundai Mipo Dockyard wins tankers orders worth $107.9m Orders came from a European shipowner, with vessels to be delivered by the end of April 2019
Pan Ocean orders six VLOCs worth $444m Order comes amid contract of affreightment signed with Vale to ship iron ore from Brazil
FMC seeks changes to NVOCC service and negotiated rate arrangements Proposals are part of US government initiative to to reduce regulation and curb regulatory expenses
MSC orders two cruiseships from Fincantieri for $2bn Vessels scheduled for delivery during 2021 and 2023
Yang Ming to launch $88m private placement This is the second private placement from the company this year following a previous one worth $57m
Korea's shipping consortium reviews overseas routes to boost efficiency Consortium will reduce number of vessels operated through sharing of cargo capacity while it consolidates some routes
Port of Amsterdam to be linked to Chinese city by rail First train to leave the port's ACT Terminal for Yiwu, near Shanghai, by March 14 next year
BIMCO looks to build bridges in modernisation push Change is afoot at 112-year-old shipping association
Opec cuts 2018 tap with June renewal option Official statement hews to signaled cuts which are largely priced into tanker rates already.
Maersk set to sail with Hamburg Sud deal World's largest boxship company closes deal as it gets approvals for takeover of German owner.
Greek banks turn on the taps for local shipowners Hellenic lenders are again increasing their shipping portfolios, supporting a spate of secondhand dry bulk deals
Boxship asset play being lined up for Songa Container
Rickmers rebounds with China newbuilds High-profile player steps up private investment after public failure by buying into new boxships at Fujian Mawei
Petredec and Solvang drop out of Statoil VLGC shortlist
GasLog tipped as top pick for Statoil charter
Tank issues complicate Eni vessel overhaul
Bibby Offshore ripe for merger after bondholders take over More consolidation in subsea is looming as shipowners prepare for a 'perfect storm' of vessel demand
D'Alesio nears tanker exit as focus shifts to bunker ships
Kyklades plots return to VLCC market after 12 years out
Prestige master wins fight to see New York documents Mangouras claims records could help prove that witnesses lied in Spanish court
TEN expects positive results for 2017 'Difficult' market conditions lead to third-quarter loss, but growing fleet make it poised for rebound.
Private yards stay strong with Imabari at the helm Japan shipbuilders reputed to have the highest cost base in Asia but some of the private yards are growing stronger in the crisis
Cruise giants spark rejuvenation for smaller European shipyards Two European shipbuilding giants are set to corner the lucrative luxury cruiseship market but smaller European yards are also benefiting from the overflow of work
German yards hold their own
Specialist yard lawyer says it's safe to order
Damen a family affair
Chinese yard to auction abandoned bulker
Hapag-Lloyd starts search for cost savings after UASC deal Chief executive says six-month integration of UASC now over with synergy target next in sight.
DHL launches new online quotation, booking service for airfreight DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, has launched a new online freight quotation and...
Justice Department firms up FCPA self-disclosure policy The U.S. Justice Department will make permanent a program that encourages companies to self-disclose violations of the Foreign Corrupt Prac...
CMA CGM merges European subsidiaries MacAndrews, OPDR The French maritime shipping conglomerate the CMA CGM Group will merge two of its subsidiary lines, MacAndrews and OPDR, effective Jan. 1, ...
Kane Is Able to acquire Vintners Logistics Kane Is Able, a third-party logistics provider headquartered in Scranton, Pa., revealed this week that it has signed a letter of intent to ...
Production begins on Matson's new 3,500-TEU con-ro vessels Shipbuilder General Dynamics NASSCO has begun construction of two newcombination container and roll-on/roll-off (con-ro) vessels for the Ha...
FMC proposes rule to ease NSA, NRA burdens The U.S. Federal Maritime Commission has issued a proposed rulemaking that the agency says "expands flexibility and deregulates" Non-Vessel...
Yang Ming raises $200m in public offering Taiwan-based ocean shipping company Yang Ming has completed a public offering in which it raised $6 billion new Taiwan dollars (U.S. $200 m...
BluJay unveils last-mile delivery platform Supply chain software provider BluJay Solutions unveiled its MobileSTAR mobility platform that manages the last-mile delivery experience fo...
NACPC adds 1,200 chassis to network The North American Chassis Pool Cooperative (NACPC) has added 1,200 chassis that will be integrated into its South Atlantic Consolidated Po...
Iran and Iraq meet for talks on crude oil swap deal The oil ministers of Iran and Iraq met in Vienna late Thursday for the latest round of talks on the terms of a crude swap deal that will help supply some of Iran's refineries with feedstock and unlock Iraq's shut-in crude at Kirkuk.
Saudi Arabia's Manifa field producing at 900,000 b/d: Falih Saudi Arabia's Manifa oil field, one of its largest, continues to produce at 900,000 b/d and has not been impacted by erosion, oil minister Khalid al-Falih told journalists Thursday in Vienna.
Oil complex has muted price reaction to OPEC-led deal Oil futures were little changed Thursday after the coalition of 24 producers from OPEC and outside OPEC agreed in Vienna to extend their joint supply cut agreement by nine months until the end of 2018.
OPEC deal calls on Libya, Nigeria to produce below 2.8 mil b/d combined OPEC ministers on Thursday agreed to a nine-month extension of their production cut agreement through the end of 2018, and will call on Libya and Nigeria not to exceed a combined output of 2.8 million b/d, Iranian oil minister Bijan Zanganeh told reporters.
Russia's Lukoil sticks to 2018 greenfield plans regardless of OPEC/non-OPEC deal Russia's second-largest crude producer Lukoil will not change its plans for recently launched fields' development regardless of any extension to the OPEC/non-OPEC output restraint deal, but it may revise its booming drilling program in West Siberian mature fields, the company's head of capital markets and M&A, Pavel Zhdanov, said during a conference call on the company's third-quarter results earlier in the day.
Bunker suppliers must prepare for 'death of fossil fuels' in shipping: ICS Bunker suppliers "should anticipate that there may no longer be significant demand for fossil fuels from shipping within as little as 25 years, if not sooner," and that shipping "is now on an inevitable trajectory toward a future of zero CO2 emissions," an International Chamber of Shipping official warned Thursday.
REFINERY NEWS: Turkey's Tupras confirms maintenance at Izmir refinery crude unit
Iran sees 9-month OPEC/non-OPEC cut extension as 'better,' backing Saudi proposal
External: Wired Bunkering
FUTURES: Crude rises in Asia after EIA reports decline in US stocks
TRADER NOTE: Fuel oil trader leaves Coastal Oil Singapore Tan was previously with CEFC Singapore Brightoil Singapore and CAO.
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