Zim posts $164m loss for 2016 Weak rate environment drags down bottom line
Capes recover in Atlantic and Pacific but upside seems limited Volatile markets see average earnings slip on week
Get ready for third-quarter product tanker pick-up, says Fiori Last year was tough but D'Amico wasn't the only victim, says Italian product tankers chief
Shipping lobby, mobilise! Frustrated with the European Parliament sticking its nose into shipping regulation? Speak to your local representative
D'Amico tumbles into the red amid tepid tankers But market has strong underlying fundamentals, argues ebullient boss Fiori
Carriers' sales digitalisation moves 'not a threat' says top forwarder Kuehne+Nagel chief welcomes increasing efforts by lines to develop online platforms that help streamline its interfaces with customers and suppliers
Cosco yard wins three 1,750 teu newbuilds Ships are said to be an option exercised by Lomar Shipping
LR product tanker rally loses steam as charter demand slows Refinery maintenance plagues short-term outlook but longhaul shipments may increase later on
Inttra appoints Vijay Minocha as Asia Pacific president Former head Jim Whalen will return to the US
Navigator Holdings fourth-quarter net income falls Fleet utilisation came to 89.5% for the quarter amid increased idle days
Crowley secures three gantry cranes for Puerto Rico Liebherr-built cranes to be delivered to the Isla Grande Terminal in San Juan later this month
DHT secures financing for VLCC pair Both vessels being built by Hyundai Heavy Industries
JES International acquires new business Company still in the process of selling off its loss-making shipbuilding assets
Eleven shipping lines reduce terminal handling fees in China Maersk Line and Cosco Shipping Lines each cut charges by 17%
DSME clinches deal for LNG carrier pair Vessel deliveries are scheduled to take place by end-August 2019
CMA CGM confirms talks to sell stake in APL's LA terminal Rodolphe Saadé is considering a number of options for the facilities acquired through the takeover of APL
New York Shipping Exchange to launch Pacific contract service in June Forward contract system aims to address inefficiencies in ocean freight contracting
Panamax bulker earnings move up to 10-week high Optimistic outlook for second quarter amid strong Atlantic and Pacific trades
Data Hub: Trade Statistics Global containerised trade estimated to have grown 2% last year
Paying the piper Life might be hard for EU 'clients' after Brexit
Zim ends year with small profit as costs fall But liner operator reports full-year loss as voyage income drops.
Blockchain reaction: will hard cash remain dominant in shipping? Will blockchain technology and Bitcoin transform international payments for shipping, or will it prove another false turn in the long-running attempts to streamline global trade? Julian Bray examines the evidence so far
The day the music died: Hamish Norton hands over keys to Manhattan townhouse Generations of promising classical musicians have been able to showcase their skills in front of a select audience at the New York home of Hamish Norton. Now, as Joe Brady writes, the curtain has come down
Ezra seeking advice on Emas Chiyoda filing US bankruptcy judge also approves DIP financing package to keep work going.
Algoma and Nova drive dry consolidation Canadian and Swiss owners are mulling the creation of a joint venture with 70 vessels.
d'Amico looks to leasebacks amid positive market read Milan-listed owner rings up a loss in 2016 but chief executive believes better times are around the corner.
Diana signs boxship charter with OOCL Rate indicates continuing weakness for smaller containerships.
TNG falters in fourth quarter Croatian MR tanker player's earnings dip, but annual result is stronger.
Bondholders approve Farstad refinancing Another hurdle cleared as owner heads for offshore mega-merger.
Grindrod trimming tanker, bulker fleet South African owner redelivering or selling older ships as loss grows.
Seaspan upgraded on back of dividend cut Higher rating from JP Morgan comes after active quarter that saw fleet renewal, newbuilding delays and more.
Cosco Corp lands boxship treble Chinese shipbuilder wins deal for 1,750-teu vessels from European owner.
Mitsui Engineering sets for further bond issues Japanese shipbuilder places paper on the shelf to clear the way for fundraisers.
Old oil caused heavy-lift grounding Norwegian authorities say dirty lubes led to Tide Carrier's engine failure.
YZJ to cut another 10% of workforce Chinese yard taking more action to combat slump as profit drops.
Marenave wins more time for Offen deal German owner has until end of March to secure new investment.
APL enters new chapter There was a conscious decision by the parent of container line APL, the CMA CGM Group, to go against the grain when it came to managing its...
ZIM records profit of $4.6m for Q4 2016 Israeli ocean carrier ZIM generated a net profit of $4.6 million for the fourth quarter of 2016 compared to a net loss of $28 million for t...
11 shipping companies cut terminal handling costs in China The National Development and Reform Commission (NRDC) said 11 shipping companies will cut terminal handling costs in China, the Shanghai Da...
Demand surges for Iranian crude oil Foreign demand for Iranian crude oil has increased significantly since sanctions against the nation were lifted last year. According to U....
Delta Cargo launches DASH Critical & Medical Delta Cargo said it has launched the first fully GPS-enabled, same-day product offered by a U.S. freight carrier, dubbed DASH Critical &...
AAR: U.S. rail traffic rises 4.2 percent in February United States-based freight railroads saw shipment volumes increase for the fourth consecutive month in February 2017 after several months ...
Report: IMO sulphur cap could cost carriers billions International Maritime Organization (IMO) regulations set to go into force in 2020 could cause shipping industry fuel costs to jump by as m...
Panalpina profits plummet in 'challenging' 2016 Swiss-based international freight forwarding and third-party logistics provider Panalpina saw its consolidated profits plummet 40.7 percent...
TIACA committee calls for change in supply chain The International Air Cargo Association's (TIACA) Shippers' Advisory Committee (SAC) said in a new position paper that change is needed, an...
REFINERY NEWS: CDU at UK's Grangemouth undergoing works: sources
Bunker trader Aegean reports 1.9% slip in Q4 sales volume Global bunker supplier Aegean Marine Petroleum saw a 1.9% slip in bunker sales volumes in the fourth quarter from a year earlier
ANALYSIS: Price, port dynamics could unlock mystery of Rotterdam's missing bunker demand "It has to do with price, and the poor performance of the shipping segments."
TRADER NOTE: Glander International Bunkering hires sales manager Marine fuels trader Glander International Bunkering has hired Andreas Chrysikos to join its Geneva office as a sales manager
External: Wired Bunkering
Singapore Mar ex-wharf 380 CST bunker term at $1.75-2/mt premium, down from $3-3.5 The ex-wharf 380 CST bunker differential has tracked the drop in cash differential for 380 CST fuel oil cargo in February.
Open interest for ICE front-month Singapore HSFO contracts hits 19-month high in Feb Build-up in open interest volumes indicates that March is going to be a busy month for trading activity, with a lot of the volume traded on March/April 380 CST timespreads.
Singapore Mar ex-wharf 500 CST bunker fuel term inked at $2/mt discount Few suppliers were able to offer the ready grade higher viscosity bunker fuel on a term and spot basis due to tight availability.
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