Capes open year on strong footing China stockpiling iron ore ahead of its own new year at the end of January at heart of capesize rally
Markel appoints Godfrey as head of cargo team New hire joins after eight years at XL Catlin
Boxship owners bear the brunt as carriers prepare for recovery Redeliveries push problems down to non-operating owners
First LNG reload at Lithuanian terminal imminent Development highlights changing trade patterns in LNG shipping, creating fresh cargo-carrying opportunities for global fleet
China Cosco Shipping invests in Chinese bank Group to pour more than $650m into Shanghai Rural Commercial Bank
Shipping lawyer Gosling awarded OBE Holman Fenwick Willan man honoured for helping release seafarer pirate hostages
CICT throughput rises 28% to top 2m teu Total handling in the port of Colombo amounts to 5.6m teu
World's largest ethane carrier makes maiden voyage to India World's first very large ethane carrier to deliver cargo to Reliance Industries refinery
Bulk carrier newbuilds market shows signs of rebound Tentative enquiries made about bulkers, but tanker and boxship prices slide
APL adds feeder capacity GSX service gains extra vessel
Peter Tamm dies aged 88 Mr Tamm rose to become chairman of Axel Springer, the giant German publishing house
Deutsche Bank expects lower crude tanker rates in 2017 But product tanker spot rates likely to strengthen during the year
HMM teams up with two Korean firms to boost intra-Asia services Consortium will cover Japan, China and Southeast/west Asia trades
Büttner considering six product tanker newbuildings Talks with unnamed yard at letter of intent stage, says Mackenthun
Sonatrach orders LPG carriers at Jiangnan Shipyard Delivery said to be scheduled in 2018
Digital benefits The invention of paper nearly 2,000 years ago begat a revolution for traders, and a new development has recently managed to repeat this
American Club ends P&I on Newlead Victoria Insurer also puts NewLead Holdings on notice with regard to non-payment.
Dry stocks rocket as analysts grow bullish Scorpio Bulkers surges 15.8% after Deutsche Bank upgrade. Diana and Star Bulk Carriers also post significant gains.
Tanker rates enter 2017 on a down note Drops seen across most routes for clean and dirty tankers as activity muted.
Norton Rose brings Bull Housser into fold Combination adds to Canadian maritime practise at London-headquartered law firm.
New year kicks off new rules for shipowners Changes come to seven major conventions and codes; China goes ECA.
Dryships ready to shop after loan deal New York-listed owner eyeing bulkers, tankers and gas carriers after refinancing with private affiliate of George Economou.
Big names lock in bulkers as BDI opens year in reverse Star Bulk and Reuben Brothers among shipowners to take on period contracts over Christmas holidays.
Two cargoships drag anchor in Istanbul Tug sent to secure domestic vessels hit by bad weather.
Seaport bullish on Golar LNG; Stifel downgrades spinoff After LNG shares rocket in 2016, analysts start year with diverging views.
KDB's DSME stake reaches 79% Restructuring shipbuilder says state bank's ownership increased by debt swap.
STX France boost for Fincantieri Italian shipbuilder handed preferred bidder status in controversial takeover.
SGX: cause for cautious dry optimism in 2017 Singapore exchange foresees moderately stronger rates despite a weak December.
Lawyer James Gosling awarded an OBE Former HFW partner recognised for work on the release of seafarers captured by Somali pirates.
Pre-Christmas bonus for Tallink Ferry owner sees December upturn in shipments, aiding better fourth quarter figures.
Atlantis snaps up Restis tanker duo Turkish owner buys former Mowinckels chemical/products carriers as fleet growth continues.
GMS wins deal in 'improving market' Abu Dhabi-based company seals three-year charter from unnamed national oil company.
Sal ship requires assistance in Bosphorus A SAL Heavy Lift vessel required assistance in the Bosphorus after running into trouble on New Year 's Day. The 8,900-dwt Annette (built 2003) lost power while transiting the waterway and has now been towed to the Ahirkapi anchorage. Vesseltracker suggests the ship may have suffered a fire on board, but this could not be confirmed at the time of writing. A spokesperson for the German shipowner was
Minsheng inks ro-ro order in China Chinese owner heading to Chongqing Chuandong yard for quartet of new vessels.
All Leisure cancels two cruises UK group cites operational reasons for scrapping of sailings on two ships.
KLC board opposes bid for Hanjin assets Stakeholders in compatriot of bankrupt liner company are against acquisition plans.
Arctic chats offshore contract losses Bank says 70 floater contracts have been cancelled in past two years; points to potential rise in asset sales.
Havyard bins PSV contract with Fafnir Norwegian shipbuilder will look to complete the construction of the ship and find a new buyer.
Hyundai Heavy reduces order target Giant shipbuilder lowers sights below previous year due to weak environment.
CoscoCS buys into Shanghai bank Australian lender ANZ sells 20% stake for $1.32bn.
Martin Klepper to lead USDOT Build America Bureau U.S. Transportation Secretary Anthony Foxx said Marin Klepper has been named the first executive director of the USDOT Build America Bureau...
BIMCO outlines shipping industry outlook for 2017 The Baltic and International Maritime Council (BIMCO), a Denmark-based international shipping organization, said the shipping industry will...
'HMM + K2' consortium to start in March Ocean carrier Hyundai Merchant Marine (HMM) said Tuesday it will form a consortium with two smaller South Korean carriers - Heung-A Shippin...
SM Group to operate Hanjin business separately from Korea Line Korea Line Corp., a major bulk carrier, will not take over Hanjin Shipping Co.'s service, but instead, its parent company will operate it i...
Trump threatens GM to stop vehicle imports from Mexico Source: GM President-elect Donald Trump took to Twitter Tuesday morning to criticize General Motors for importing cars from Mexico, doublin...
BWR: Europe to U.S. North Atlantic trade Utilizing BlueWater Reporting 's Capacity Report, the charts below display the total deployed capacity for all services operating on the Eu...
Commerce ups U.S. Q3 GDP estimate again United States gross domestic product (GDP) - the broadest measure of a nation's overall economic health - grew 3.5 percent during third qua...
Oil declines after rising US dollar pulls complex lower NYMEX February crude settled down $1.39 at $52.33/b after reaching $55.24/b in electronic trading. ICE March Brent settled down $1.35 at $55.47/b, off an earlier high of $58.37/b.
OUTLOOK 2017: OPEC cuts could boost US crude exports, driving Americas dirty freight rates Americas dirty tanker market participants are cautiously optimistic about their fortunes in the coming year, thanks to a possible ramp up of US crude exports, following the announcement of OPEC production cuts, after business was tepid in 2016.
TRADER NOTE: Nordic Marine Oil hires senior bunker trader Danish bunker supplier Nordic Marine Oil has appointed Michael Rye Jorgensen as a new senior bunker trader from the start of this month
External: Praxis Energy Agents S.A
External: Wired Bunkering
FUTURES: Crude rises as OPEC members announce supply cuts
Baltec Marine to fit scrubbers on board TT-Line ferry Baltec will fit scrubbers made by Italian company Ecospray Technologies on board the ferry Peter Pan, with an estimated delivery date of January 10.
Singapore ex-wharf 380 CST bunker premium at multi-month high on tight availability Trade sources attributed it to the reluctance of ex-wharf sellers to sell product in the days leading up to the end of the year.
Singapore's MPA approves 94% of fuel oil bunker tankers for mass flow meters Mass flow meters for MGO deliveries to follow this year.
- 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
