Restis readies new tanker spree Greek owner is in talks with yards in Korea and China, with Hyundai Mipo already identified for up to four...
Benghazi port to reopen on Sunday Port will have level 2 security under the ISPS code
Fall in shipping industry costs has now clocked up five consecutive years Insurance costs saw the steepest fall, says Moore Stephens
Daily Briefing A good winter lies ahead for product tankers
Elevated US LPG exports support VLGC rates US propane exports remain high for second consecutive week after hurricane disruptions
Yard Talk | Dear compatriots Lack of support from domestic owners overshadows Korean builders' prospects
Don't stop talking The SCOPE 2017 environmental crisis exercise showed the importance of good communications between people
Picket line drawn at APL's Los Angeles terminal Labour rumblings disrupt terminal during peak week
Shipping companies still not ready for privacy regulations Privacy regulations require boardroom attention to be ready in time
Grimaldi to splash $2bn on revolutionary newbuilding programme Ro-ro specialist investing $2bn in clean fleet
MPC Containerships adds three more vessels to its fleet Total cost of investment in the vessels is $21.6m including working capital needs and dry dock reserves
Northern sea route's importance to the industry may be exaggerated Northern sea route only viable to ports north of Shanghai at the moment, says SSA president Esben Poulsson
KSS Line rolls out new VLGC built by HHI The new ship will be deployed on a long-term contract of affreightment with Japan's JX Ocean to deliver LPG gas
Cosco Shipping Specialised Carriers changes chairman Company will also buy a secondhand semi-submerged vessel
Mitsui Engineering & Shipbuilding to set up standalone shipbuilding entity New entity will be called Mitsui Shipbuilding
Norway authorities issue $17m grant to build self driven electric boxship 105 teu boxship set to replace around 40,0000 trucks with an annual driving distance of about 1m km and will...
Hoegh LNG raises $100m in preferred units Hybrid security will pay an annual dividend of 8.75%
Scorpio Tankers realigns debt through five-vessel sale and leaseback deal Bareboat charters diversify lending base and extend debt maturities
Cosco Shipping Leasing to issue $450m notes Proceeds will be used to develop business and repay loans
Senators push for permanent Puerto Rico Jones Act exemption Move comes after US Department of Homeland Security issues temporary waiver
APMT Gothenburg to hire temporary workers during peak periods Move comes after port's box volumes were hit by ongoing labour dispute with union members
Germany's bulker owners -going but not quite gone Shipping families are working hard to salvage their heritage
Jefferies: dry bulk outlook 'attractive' for 2017 and 2018 New Vale capacity and slowing fleet growth feed bank's optimism.
CSAV sells shares for Hapag-Lloyd stake Chilean shipping company wants to boost its ownership stake in liner operator as it too raises capital.
Cosmo Oil stepping up fuel production Japanese refiner wants to take advantage of new shipping bunker rules.
Svanevik takes key role at John Fredriksen's Seatankers Former Aker man will take over day to day running of key private company.
Malaviya Seven auction date set Aberdeen sheriff court to sell Indian PSV next month to pay off crew.
MISC raises $46m from tank terminal sale Malaysian owner banks cash after disposing of CTSB stake to Dialog.
Grounded Lomar newbuild will have to be scrapped Lomar Shipping says structural condition of boxship stuck on reef since July is getting worse.
Finnlines eyes boost from Naantali expansion Grimaldi-owned group says port work will see bigger ships calling.
SBM VLCC set for offshore conversion SBM Offshore is set to convert one of its two VLCCs into an FPSO for an ExxonMobile project. The Dutch firm is expected to send the 309,000-dwt Tina (built 1999) into Keppel in Singapore for conversion work, Upstream reports. SBM had traded the tanker in the Heidmar pool, but the vessel is no longer listed on the company's website. It bought the ship as the Christina in 2014 from Greek owner Su
Fincantieri considers Naval share swap Italian and French yards could cement alliance on defence business.
Carnival chief sees quick recovery after storms Cruising to the hurricane hit Caribbean and Puerto Rico is expected to rebound by winter, Carnival Corp says. Hurricane Maria led to the death of 16 people in Puerto Rico last week and damaged infrastructure. Chief executive Arnold Donald told Reuters: "The resiliency of those people and the focus they have, I would be very surprised if they're not up and running before Christmas, which is the t
MPC Container Ships adds another trio Expanding start-up company brings fleet to 23 with $21.6m spend.
Hoegh Partners unit sale could hit $115m MLP prices preferred equity sale with debt reduction only a slice of the proceeds.
Courage cuts loss but market remains tough Bulker owner boosted by income from trading and property businesses.
Fred Cheng links to latest capesize dismissed Rumours linking Fred Cheng to the purchase of a capesize bulker are off the mark. Cheng's Shinyo International is tipped by multiple brokers to have bought the 172,000-dwt Mona Frontier (built 2001) from Kumiai Navigation of Singapore. Well placed sources tell TradeWinds the company neither bought or submitted an offer for the ship. Clarksons lists Shinyo International with three capesizes in
WWL buys back bonds after $126m issue Oslo-listed car carrier group spending cash from new debt sale.
EOL and Perisai share row flares up again Settlement agreement over joint venture lapses, leading to claim and counter-claim.
Kunlun boosts China LNG terminal presence Hong Kong listed company now controls PetroChina's three facilities with total capacity of 19mtpa.
Private equity firm scoops up Evac Finnish marine toilet maker changes hands to third investment firm in as many years.
US military extends Kinder Morgan charter American Petroleum Tankers sees second one year option for Jones Act tanker exercised.
Chinese Ministry of Commerce approves UPS-SF Holding joint venture UPS and its subsidiary SF Express have been approved by China's Ministry of Commerce (MOFCOM) to move forward with its planned joint ventur...
Port of Corpus Christi Ship Channel free of vessel restrictions The Port of Corpus Christi ship channel is now free of all restrictions related to damage caused by Hurricane Harvey last month, the port a...
KAG develops plan to stem trucking industry driver shortage Ohio-based bulk transport and logistics provider the Kenan Advantage Group, Inc. is implementing a pay increase strategy "that's designed t...
Drewry: World Container Index down nearly 5% this week The World Container Index, a composite of container freight rates on eight major routes to and from the United States, Europe and Asia, fel...
Army Corps awards Soo Locks construction contract Morrish-Wallace Construction Inc., of Cheboygan, Mich., (d.b.a.) Ryba Marine Construction, was awarded a contract for more than $2.8 millio...
Enova grants Yara $16.8m for world's first electric, autonomous containership The Norwegian government enterprise Enova has granted chemicals company Yara 133.6 million Norwegian krone (U.S. $16.8 million) to build th...
MPC Container Ships posts first half loss amid vessel acquisition spree Oslo, Norway-based MPC Container Ships AS posted a net loss of $436,000 before taxes, according to the company's most recent financial stat...
Sens. McCain, Lee introduce bill to permanently exempt Puerto Rico from Jones Act U.S. Sens. John McCain, R-Ariz., and Mike Lee, R-Utah, introduced legislation Thursday to permanently exempt Puerto Rico from the Jones Act...
PANYNJ approves $215m JFK runway project A new $215 million high-speed taxiway construction project at John F. Kennedy International Airport (JFK) was approved Sept. 28 by the Port...
US oil rig count rises by 6 to 750, first increase in four weeks: Baker Hughes Increase came from Others category, Williston Basin
ICE Nov Brent expires above $57/b, ending strong month ICE November Brent expired Friday 13 cents higher at $57.34/b
Singapore Q4 ex-wharf 380 CST bunker fuel term contracts concluded at $4/mt premium concluded at premiums of around $4/mt to the Mean of Platts Singapore 380 CST high-sulfur fuel oil assessments.
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