Indian state refiners step up US crude buy Emerging longhaul trade adds to tanker tonne mile demand
Handysize bulker earnings hold firm but Golden Week lull expected Average earnings still near three-and-a-half-year high
Euroseas reveals merger talks with Poseidon A US-listed fleet of more than 30 containerships could result if two Greek owners tie the knot
Last word: Man of many passions Football fan shipowner Evangelos Marinakis helps to launch a global drive for wider participation in sport
US crude exports and tanker fixtures hit new record in September VLCCs sustain uptrend on higher vessel demand across regions
Daily Briefing Lack of support from domestic owners overshadows Korean builders' prospects
Vessels are outpacing EEDI targets, study warns 71% of containerships are ahead of 2025 targets
CSAV raising $280m via share issue to up Hapag-Lloyd stake Company aims to raise stake in Hapag-Lloyd to at least 25%
Rising Mozambique coal exports open new trades for bulkers Tonne-mile boost for capes from logistics developments in one of the world's poorest nations
Shipowners join managers in eyeing Cyprus cluster Island is becoming a more rounded hub
Mega-merger reminder of Cyprus' shipmanagement appeal Columbia Marlow unites two of the largest and oldest companies in island's shipmanagement community
Declining vessel supply growth key to dry bulk market uptrend, says MSI Net fleet growth is forecast at 15m dwt in 2017
El Faro's master mostly to blame for ship's demise, says US Coast Guard Vessel's owner criticised for failure to provide adequate support to the crew
Navios plan to buy FSL Trust stake falls through FSL Trust to continue with refinancing efforts in spite of scuppered deal with Navios
DP World mulls more port infrastructure projects in Africa Port operator to work on projects in Senegal and draw up trade and logistics plan for Mali
Why does shipbuilder Yangzijiang need more cash? On top of its adequate cash, the yard's recent funding from a share placement suggests M&A activity, but it may not...
Grimaldi eyes port and ferry acquisitions Italian group will concentrate on organic growth and fleet expansion while keeping watch for takeovers that complement its ro-ro activities, says Emanuele Grimaldi
Hard Brexit could jeopardise UK flag expansion plan, warns Emanuele Grimaldi Italian shipowner would put more ships on the register if UK exit terms from the EU are acceptable, but could...
Tanker owners counsel patience on recovery Clean tanker markets about half way through recovery thanks to drawdowns in inventories.
Capesize rates beg for more upside in values Current rates should lead to greater increases in asset values, as supply remains low and yard capacity is tight.
Swede agony for smart money New York banker diagnoses what disease might be ailing private equity firms stuck in shipping bets.
Easier money gone even if banks return Better conditions could lure lenders, but tougher government regulation is here to stay.
Gener8 Maritime sells veteran VLCC NYSE-quoted tanker owner tipped to have secured a firm price for Gener8 Poseidon.
DVB man confident in lender's future Talk of shareholding changes could be realised, but bank's place in shipping should not.
Aegean Marine names Yagerman new VP Long-time investment analyst lands in new role after tenure at JP Morgan Asset Management.
Ian El-Mokadem arrives at V.Group to head new team Ian El-Mokadem today arrived as chief executive of V.Group as the shipmanagement giant slotted its new management structure into place. Industry newcomer El-Mokadem was appointed this summer with his arrival seeing him take over the post from interim boss Hanne Sorens. In a statement, V.Group explained the ship management business will be led by Alastair Evitt in the east and Maurice Baker, who
Boxships leading energy efficiency race Green policy group says 71% of vessels already meeting IMO's 2025 EEDI target.
Seaspan plots notes offering to repay debt New York-quoted owner lines up new securities sale to pay back notes maturing next spring.
All UK anchor-handlers stand idle Owners heading for 'cruel winter' as spot ships unemployed in North Sea sector.
El Faro sinking caused by master's actions Decision to steer toward hurricane was cited as primary reason behind casualty, but owner also cited.
Oldendorff supramax sales chatter off the mark Talk around Unisea deal dies down but handysize has left German owner's fleet.
Three die of asphyxiation on bulker Crew suffocated by wood-preserving chemicals in hold at Oman port.
Crewman missing from Dutch cargoship Search fails to find Wagenborg seafarer lost off Quebec, Canada.
VLCC surplus clearing faster than forecast Signs of fourth quarter upturn in big tanker market, AXIA's Michael Pak says.
Tellurian fixes first LNG carrier Driftwood LNG developer kicks off its shipping and trading operations
Frederic Barnaud to quit GM&T at year-end Long serving head of Gazprom trading arm eyes new 'LNG adventures'
EOL reveals debt of $912m Restructuring Singapore offshore owner only has $2m of realisable assets.
Fincantieri plots Australian listing Italian shipbuilder heading to ASX if it wins new $27bn naval contract.
Golar closer to Hilli Episeyo finishing line Troim's plan coming together with FLNG unit set to leave Singapore later this month.
ITIC settles Turkey-Cyprus vessel dispute Insurer steps in after ship refused entry in Turkey due to Cypriot connections.
Varamar founder launches online fixing platform Alexander Varvarenko behind new chartering platform linking shipping and commodity worlds.
SAL Heavy launches marine projects venture German owner combining shipping and installation support work in new division.
AISSOT charters VLCC owned by Evangelos Marinakis New tanker venture takes in Capital Maritime vessel on long-term contract.
UECC poaches Mork from Hoegh Autoliners New COO was previously regional sales head at rival car carrier owner.
S&P deals set for healthy record in 2017, says Clarksons Ratio of trading sales to newbuilding orders a positive market indication, brokerage believes.
Tanker scrapping shows strong upturn Jump in number of tankers being demolished can't stop overall decline in scrapping.
Hyundai Mipo tipped to beat forecasts KB Securities says Korean yard's third quarter result boosted by rising orders.
Polarcus edges up ship utilisation Less transit time means more vessel use for Middle East seismic survey player.
Subsea 7, Schlumberger bag big LNG contract Ophir Energy deal for Golar FLNG vessel off Equatorial Guinea worth up to $300m.
Flex LNG strengthens with new CFO John Fredriksen-backed gas carrier company brings in Oystein Kalleklev from KNOT.
Modec seals Rang Dong FSO extension Japanese floater specialist sees Vietnam-based unit secure employment until 2025.
MacGregor moves head office to Singapore Marine equipment specialist latest to join wave of European maritime companies migrating east.
Yara tests zero emission autonomous boxship Norwegian government will pay one-third of newbuilding costs of full-scale version.
USDOT looks to streamline environmental review process for multimodal projects The Deptartment of Transportation has issued revised guidelines that will act to streamline the environmental review process for multimodal...
Massport begins Boston Harbor Dredging Project Massachusetts Port Authority (Massport) has officially begun its $350 million Boston Harbor Dredging Project , as approved by the U.S. Army...
Congressional Dems file twin sleep disorder testing bills Congressional Democrats introduced legislation on Thursday that would require the U.S. Department of Transportation to test train and comme...
PANYNJ sees all-time monthly cargo high in August The port's 631,404 TEUs handled this past August was 7.8 percent better than August 2016 volumes. The Port of New York and New Jersey set a...
Port of Baltimore sets fiscal year TEU, tonnage records In the first half of 2017, the Port of Baltimore handled 5.3 million tons of general cargo, more than the first half of any other calendar y...
MercuryGate adds analytics platform to TMS Transportation management software (TMS) provider MercuryGate International, Inc. on Monday unveiled a new embedded analytics platform call...
GLP to acquire Gazeley in $2.8b deal Industrial real estate developer Global Logistics Properties (GLP) has entered into a definitive agreement to acquire Gazeley for approxima...
Navios Maritime term sheet with FSL Trust terminated Navios Maritime Holdings has failed to acquire a 51 percent controlling stake in Singapore's First Ship Least Trust (FSL Trust), FSL said i...
Richemont pays $334,800 for 'drug kingpin' sanctions violations New York-based luxury goods retailer Richemont North America has agreed to pay a $334,800 civil penalty to settle four violations of the Fo...
Jones Act aside, sources see Puerto Rico problems by land, not sea US distributors and traders doubt the 10-day waiver of the Jones Act will be much benefit for Puerto Rico, saying the real issues holding up cargoes are the logistical nightmares and power failures on the island.
US law strengthening Russian sanctions needs clarity: EU official A new US sanctions law targeting Russia's energy sector has EU companies and lawmakers questioning the status of current and future crude oil and natural gas investments, according to an EU official.
EIA says July residual fuel oil exports to Panama down 31.8% on month US residual fuel oil exports to Panama totaled 645,000 barrels in July, down 31.8% from June, Energy Information Administration data showed Monday.
Oil futures at crossroads following month-long rally A sharp pullback across the oil complex Monday raised the possibility of further price declines this month despite expectations for counterseasonal draws in US crude stocks and tightness in the distillate market.
NYMEX crude nears $50/b as selloff marks start to October Oil futures fell Monday on profit-taking as part of last month's rally was reversed, representing a bearish turn that will raise questions about where the next support levels may exist.
External: Wired Bunkering
FUTURES: Crude probes downside further as bullish drivers slow
INTERVIEW: US sanctions against Iran would see grudging international compliance "Grudging compliance does not look like robust, immediate information sharing to support the enforcement of sanctions," Rosenber said.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
