Rising Indian iron ore exports to benefit smaller bulkers Firm demand will guide dry bulk charter rate recovery
ITF condemns 'modern slavery' for crews of three abandoned Turkish-owned vessels Turkish company in breach of MLC guidelines, ITF reports
Gener8 plunges $82.6m into the red in second quarter Company hit by non-cash losses from vessels held for sale
Supramax bulker rally loses steam despite Black Sea support China prepares to open the way for US rice imports, raising hopes for tonne-mile demand later on
Hill Dickinson lures Burdass from CJC Lawyer switches firms to join former colleague
How lease financing carries both risk and opportunity D'Amico's High Discovery deal could be a case of viable financing but Italian owner needs to use prudence
Rolls-Royce invests in research amid weak market Company looks to autonomous ship ventures as first-half losses double
A token solution to no-shows Start-up offers blockchain-based system to bring discipline to shippers and carriers
Transnet announces new chief executive Shulami Qalinge steps up from being responsible for growth in international markets as group executive for strategy
GSL sees improving outlook Order discipline and scrapping to boost charter market fortunes
Hanjin's ghost still haunts Danaos results Company suffers $19.3m decline in operating revenues on ships previously chartered to the former Korean flagship carrier
LNG carrier spot rates hit $42,000 per day on Asian demand First unescorted merchant LNG vessel on Northern Sea Route to reach Asia via Bering Strait in 15 days
Shipbuilding slump continues to weigh on HHI profit Dearth of high-end and more lucrative newbuilding orders blamed for 50% drop in net profit
Asian shipbuilders take one step closer to IMO consultative status If successful, ASEF will start to provide technical advisory information and shipbuilders' views from 2018.
Strong Chinese demand boosts Matson results Company's expedited service to China continues to underpin container volume growth
Contractor loses at arbitration in dispute over Panama Canal locks construction Tribunal orders GUPC to pay over $22m in expenses and reimburse $900,000
Daily Briefing
Maritime UK draws up export strategy hit list Trade body eyes 'bigger slice' of government spending on export trade support
Teekay Tankers adds to board of directors Vancouver-based tanker owner adds seventh member to board of directors
Milaha reports profit in still difficult market Profit declines across board, but it is taking steps to position itself for survival.
Seaspan hands reins to new leadership Conference call features new chairman and questions about new direction for containership company.
Tankers await impact of Shell refinery fire Rates for clean product tankers see gains in wake of fire at Europe's largest refinery.
Phillips 66 to ramp up US oil exports in 2018 Major refiner and logistics company hits record in clean products exports for second quarter.
Ocean Response buys GOS anchor-handler Aberdeen owner takes modern vessel as Indian rival sells at a loss.
Royal Caribbean on the rise with bigger profit Miami-based cruiseship owner exceeds analyst forecasts; investors react positively.
Anchor-handlers surge past $100,000 per day Norwegian tonnage sells out as North Sea earnings spike again.
Gener8 Maritime mulls further S&P moves Tanker owner says more older vessels could be shipped out while modern asset values are 'compelling'.
Pinter joins board of Lloyd Fonds General manager steps up as chairman Teichert's deal renewed.
JP Morgan snaps up kamsarmax Bank pays $21.3m for ship from fleet of bust United Ocean Group.
Crude tanker flotilla worth $1bn has sunk to scrap value Figures show 83 VLCCs and suezmaxes are worth demolition price or less.
PACC Offshore loss down by almost 50% Singaporean offshore owner reduces its red ink in the second quarter and focuses on cost management.
Cochin Shipyard kicks off $229m IPO Investors have three days to buy into state-owned Indian shipbuilder.
Hill Dickinson brings in Burdass London law firm raids CJC again to recruit new legal director.
Gener8 Maritime scraps brace of suezmax tankers Demolition deals part of a raft of sales generating over $60m in cash for the shipowner.
CMA CGM starts Black Sea run Express service connecting Turkey, Romania and Ukraine to North Africa.
Fincantieri to manage STX France? French economy minister holds out olive branch to spurned Italian suitor.
Wintermar in the red but market picks up Indonesian offshore vessel owner says offshore oil activity is returning despite bigger first half loss.
Sir Anthony Colman passes away at 79 Emirates Maritime Arbitration Centre pays tribute to its chairman and former High Court judge.
HHI in running for record breaking boxship order Seoul-listed shipyard competing with Chinese rival for container vessels of 22,000-teu.
DeepOcean snaps up France's Searov Offshore Norwegian owner aims to boost West African operations with ROV company capture.
SEA/LNG adds three members to make it 28 Novatek, Sumitomo and Mitsui & Co are the latest companies to join LNG coalition.
Maersk Broker boss takes on 'Twitter Challenge' Anders Hald steps into the spotlight, with a 140 character limit.
SeaBird seals $37m refinancing with a warning Norwegian owner says it still needs additional funding to continue operations.
Circle Maritime seals EBRD loan for ships Kazakhstan offshore operator banking $14m toward two anchor-handlers.
Shreyas Shipping breaks into bulk Indian boxship owner buying dry cargoships for contract with steel maker RINL.
Chelsea IPO 'three times over-subscribed' Philippines tycoon Dennis Uy says demand strong for $116m sale of tanker and ro-pax company's shares.
Shanghai plans cruise industrial park Chinese city aims to gain firm footprint in cruiseship building sector.
Swiber defaults again Offshore player unable to make Islamic coupon payment.
Rating upgrades for Korean shipping banks Reduced debt exposure to shipping has prompted improved ratings for Korea Development Bank and Export-Import Bank of Korea.
House committee approves self-driving vehicle legislation, refines safety exemptions The first legislation in the United States that would govern the testing, manufacturing and deployment of self-driving vehicles has been un...
Norfolk Southern issues statement on tariff changes Norfolk Southern Corp. (NS) has issued a statement regarding changes to its demurrage, accessorial and switching tariffs. NS Vice Presiden...
Danaos earnings sink 54.7% in Q2 2017 Danaos Corp., a Greek independent containership owner, recorded a net income of $20.2 million for the second quarter of 2017, tumbling 54.7...
Executive Moves: AA Cargo, USA Truck and Transnet National Ports Authority Source: Pressmaster/Shutterstock American Airlines Cargo appoints managing director, global and key accounts - cargo sales; USA Truck names ...
Panama Canal wins $192.8m arbitration ruling Panama Canal Authority (ACP) CEO Jorge Quijano said a Miami-based arbitration board has rejected a demand by Spanish-led Grupo Unidos por e...
SCPA to utilize barges to reduce trucking congestion South Carolina Ports Authority (SCPA) has developed a plan to reduce truck traffic on local highways by utilizing barges between Wando Welc...
Baltic Exchange to shut down Baltex The London-based Baltic Exchange, which has long compiled indexes for dry bulk and tanker markets, said Monday it will close its freight de...
DHL launches end-to-end semiconductor logistics offering DHL has launched a suite of semiconductor supply chain solutions with expanded teams in Europe, Asia and the United States, the internation...
Amazon looks to fill over 50,000 jobs in one day Seattle-based e-commerce giant Amazon appears to be pushing ahead with its rapid growth strategy, saying last week it will be hosting its f...
Crude snaps six-day rally as traders await inventory data Crude futures retreated on Tuesday from two-month highs after the dollar firmed, sparking selling pressure ahead of weekly US inventory reports expected to show across-the-board declines.
European HSFO cracks drop to 6-week low on stronger crude European fuel oil crack spreads weakened to a six-week low this week on the back of a stronger Brent crude complex.
HSFO barge backwardation firms despite high ARA stocks, closed arbitrage High sulfur fuel oil FOB Rotterdam barge backwardation has steepened amid strong demand in Europe and despite high stocks and a closed arbitrage to Singapore, sources said.
Bunker fuel at Malta seen tight until weekend on high demand Availability of bunker fuel at Malta was tight amid strong demand and will remain so until the weekend, market sources said this week.
External: Wired Bunkering
Inatech sees 2020 sulfur cap driving bunker digitization Glencore-owned market software provider Inatech is relying on the increased complexity of bunker markets after 2020 to drive a move toward more sophisticated procurement strategies among shipowners.
FUTURES: Crude extends rally after US imposes sanctions on Maduro Seeking alternative sources of crude oil will also be necessary should Venezuelan crude imports be banned.
Iranian oil minister says Iran, Iraq committed to OPEC cuts Iran and Iraq are committed to OPEC's agreement with other international oil producers to maintain output cuts and support of global market stability, Iran's oil ministry news agency Shana has reported the country's oil minister as saying.
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