CMA CGM in the market for 22,000 teu ships Negotiations for up to six units under way, with firm orders likely to be placed by October
Diana Containerships struggles to comply with Nasdaq value rules Value of publicly held shares must rise above $5m within 180 days to retain listing
MR product tanker earnings slump to nine-month low as LRs rise Oversupply of tonnage in US Gulf and weak arbitrage to West Africa hurt Atlantic trades
Navibulgar to invest over $100m in new bulk carriers Vessels will be equipped to navigate icy waters
Pacific Basin to spend $104m on five bulkers Four supramaxes and one handysize add to mega-owner's fleet
Aframax tanker earnings sink to five-year low Upside prospects in short term appear limited barring a geopolitical event or trade disruption, analyst says
IMO launches new polar safety video New video takes a closer look at the challenges of search and rescue operations in polar regions
Koji Sekimizu earns top IMO accolade Former secretary-general to receive award for pioneering work on safety and environment
IMO bravery award for Houston pilots Pilots averted tragedy when tanker burst into flames
Second-quarter liner reliability improves but still lags 2016 levels Performance of top-18 carriers improved 2.3 percentage points to 74.6%, quarter on quarter, but was down 10.4 percentage points, year...
Liner 'oligopoly' a major concern to shippers Increasing concentration of power is already reducing service standards and needs regulatory change, representatives claim
Abu Dhabi Ports forges ties with Jiangsu province Chinese companies granted exclusive space at UAE port company's free trade zone
Water channel cleared after vessel collision on Yangtze River Ships destined for the port of Taicang are still subject to restrictions
Teekay Shuttle Tankers bond issue raises $250m Teekay Offshore to repurchase $90m bonds from subsidiary
Shipping 'four times riskier than real estate', Commerzbank admits Lender expecting $200m-plus hit on industry loans
How to avoid risk pitfalls Maritime leaders to tackle strategies and skills for the new normal: global uncertainty
Scope 3 emissions benchmarking is changing sustainability in shipping RightShip's rating system has won recognition in the industry. Now what is emerging is that the most sustainable companies are...
Lloyd Fonds signs former Commerzbank shipping star Klaus Pinter gets new role at Hamburg KG house
No easy way out Letter to the editor: Seafarers' welfare is everyone's responsibility
Daily Briefing
STX France fate hangs in the balance In the interim period France will continue to view Fincantieri as the preferred operator for STX France
Yangzijiang offloads non-core units for $14m Move to help the group focus on its key shipbuilding business
Visa U-Turn a boost to UK training academies Home Office changes to Tier 4 immigration rules could help woo back international students
Ghosts of financial ruin haunt historic venue for LISW event London's capacity to mitigate risk will be on display at the Lloyd's List London International Shipping Week business briefing
SSA's Poulsson rouses cross-industry effort over low sulphur fuel Industry group pushes forward with BWMC exemption proposal for Singapore, Malaysia and Indonesia
God's Grace gets chop amid Nigerian tanker turmoil Corinthians scraps MR products carrier - but what is the rest of its fleet doing?
Wells Fargo cuts tanker earnings outlook Rates across vessel classes lowered for this year with recovery seen in rates for 2018.
Teekay Offshore prices bonds in strong start to debt refinancing New placement gives company immediate firepower, hot on the heels of $610m Brookfield deal
Daiichi bounces back in more modest Tokyo office Japanese company appears to have rebuilt bridges with local business community soon after spectacular bankruptcy
Seaspan to monitor vessels' CO2 emissions Vancouver-based shipowner signs on for CO2 tracking programme required by European Union.
Saudi Aramco to enforce ballast rules World's largest oil company says move results from coming entry into force for IMO ballast water rules.
GMS seeks to amend covenants amid delays Abu Dhabi-based company is confident of banks' support as it sees good tendering levels affected by clients' needs.
LT Ugland Bulk and Shoei Kisen selling to Pacific Basin Shipowners becoming stakeholders in Hong Kong-listed giant as part of $104m transaction.
Diana Containerships put on Nasdaq notice Value of Greek owner's publicly held shares drops below $5m threshold.
Gurnee sticks to his guns on products tanker market Ardmore chief sees 'highly compelling' MR fundamentals as owner reports quarterly loss.
Pacific Basin splashes out $104.6m on bulkers Hong Kong-listed owner bolsters its supramax presence with the addition of five ships.
ABG Shipyard bankruptcy filing approved Indian tribunal admits plea by ICICI Bank against struggling shipbuilder.
Ro-pax cadet dies after losing legs Mooring rope accident killed crewman on Patterson vessel in Fiji.
Austal's Chinese yard venture adds ferry Aulong Shipbuilding wins deal to build high-speed ship for Blue Sea Jet.
Gener8 an 'intriguing' acquisition candidate, says Chappell Peter Georgiopoulos-led owner's share price makes it a target but any deal will not be easy, Evercore ISI analyst says.
Kea Trader could be lightered by next week Salvage operation "well underway" on grounded Lomar boxship.
Navibulgar spending more than $100m on up to six bulkers Chinese yard to deliver eco-ships from 2019 as Bulgarian owner aims to become biggest handysize owner in Europe.
Loan losses on the rise at Credit Suisse Provisions hit $71m in the second quarter as ship loans offloaded.
Fugro termination "bad news" for Forland Dutch subsea vessel owner ditches charter for 2008-built ship a year earlier.
Vitol VLGC order raises hopes as well as eyebrows in LPG space Shipowners have taken a glass half-full stance on Vitol's emergence as an owner of VLGC tonnage following a potential eight-vessel order at Hyundai Heavy Industries this week. Vitol put pen to paper on the two firm and six optional vessels at a time when VLGC rates are limping along at well below depressed year-to-date averages and the market is still digesting a vast newbuilding catalogue that h
Wuhu Shipyard wins new bulker order Zhonghui Shipping inks 61,000-dwt vessel at Chinese yard.
Naikai Zosen recovers in the first quarter Japanese shipbuilder in the money for the three months to the end of June.
Team Tankers meets buyback target Oslo-listed owner spent $3.75m on 1.4% tranche of its own shares.
Cochin Shipyard IPO over-subscribed Indian yard's $229m deal sells out early on second day.
Commerzbank sheds $1bn of shipping loans Another $1bn of disposals planned as lending losses were cut in second quarter.
Golden Pacific International tanker arrested Singapore High Court handcuffs locally-owned vessel.
Filipino pirates plunder products tanker ReCAAP warns ships to be vigilant in the Philippines as it releases details on yet another robbery, this time on a Chemikalien Seetransport tanker.
Teekay Shuttle Tankers sells $250m bond New unit of Teekay Offshore Partners paying 7% interest on Norwegian issue as part of Brookfield reorganisation.
House Rep. introduces first C-TPAT reauthorization U.S. Rep. Martha McSally, R-Ariz., introduced legislation last Friday that aims to "increase security and cut down wait times at ports of e...
Brazil ending exclusionary maritime shipping agreement with Chile Brazil's Chamber of Foreign Trade (CAMEX) says it has decided not to renew a 42-year-old maritime agreement with Chile which stipulates tha...
USCG: Matson's Aloha Class vessels U.S.-built despite foreign components The U.S. Coast Guard's National Vessel Documentation Center has determined that Matson's Aloha Class vessels qualify as U.S.-built despite ...
Soo Locks infrastructure project valued at $2.4m The U.S. Army Corps of Engineers, Detroit District, has awarded a $2.4 million contract for construction repairs at the Soo Locks in Sault ...
Aramex posts 4% Q2 revenue growth Aramex saw second quarter 2017 revenues grow 4 percent to 1.14 billion Emirati dirham (U.S. $3.12 million) compared with the same 2016 peri...
Seaspan profits, revenues sink in Q2 2017 Seaspan Corp.'s net earnings for the second quarter of 2017 tumbled 22.4 percent year-over-year to $28.3 million, according to the company'...
EC approves PSA, TIL takeover of Antwerp terminal The European Commission (EC) has approved, under the EU Merger Regulation, the acquisition of joint control over the PSA DGDDeurganck termi...
FourKites, 3GTMS partner on freight tracking tech Two logistics software companies from different parts of the U.S. say they're joining forces on a project that combines the technology of e...
Indiana port traffic up 19% in first half 2017 Shipments through Indiana's three marine ports on the Ohio River and Lake Michigan grew 19 percent during the first six months of 2017 comp...
US President Trump signs Russia sanctions bill into law US President Donald Trump signed into law Wednesday a sanctions bill that includes new limits on Arctic, deepwater and shale oil projects with Russian stakes, despite significant opposition.
No impact on RMK fuel oil market following Shell's Pernis fire: traders There was no impact on the Northwest European fuel oil market following the accident at Shell's 404,000 b/d Pernis refinery in the Netherlands, traders said Wednesday.
FUJAIRAH DATA: Oil product stocks down 1.6% on week to 21.27 mil barrels Fujairah's commercial stocks of refined products were 21.27 million barrels in the week ended Monday, down 1.6% from the week before.
Open interest for ICE front-month Singapore HSFO contracts falls almost 10% in July Open interest for front-month high sulfur fuel oil contracts traded on the Intercontinental Exchange fell 9.69% at 10.531 million mt as of July 31 from 11.661 million mt as of June 30, ICE data showed Wednesday.
Crude inches up as rising US output offsets stock draws Crude futures rose Wednesday after Energy Information Administration weekly data revealed inventories fell last week, while record-high gasoline demand could not stop the RBOB crack from sliding.
US DATA: EIA says US fuel oil inventories and exports drop week on week Total domestic fuel oil stocks fell 109,000 barrels, to 33.730 million barrels, while exports declined 11,000 b/d to 243,000 b/d.
External: Praxis Energy Agents S.A
External: Wired Bunkering
External: Marine Bunkering(Rotterdam)B.V.
External: Global Risk Management
Singapore Aug ex-wharf 500 CST bunker term concluded at discounts of $2-$3/mt This is lower compared with July term contracts which were concluded at parity to MOPS 380 CST HSFO assessments.
BRAZIL DATA: June fuel sales continue growth trend Fuel distributors sold 2.387 million b/d of oil products in June, an increase of 1.3% from the 2.356 million b/d sold in June 2016.
Jul traded volume of oil product swaps during Singapore MOC rises 14% on month Traded fuel oil swaps rose 39.2% from June to 10.26 million barrels
Crude slips further as oversupply fears return Additional output from Libya drove OPEC production higher in July.
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