Torm expands fleet with two resale MR vessels Third-quarter purchases stand at $185m
Collision on the Amazon leaves one dead Authorities search for remaining crew and passengers
Teekay Tankers holds bearish view after second-quarter loss Tanker rates may recover in the second half of 2018, says chief executive Kevin Mackay
Maritime city attractiveness is in the eye of the beholder Indices of top maritime cities miss out the network offered by broader clusters
Capesize earnings surge 40% in week Average rates boosted to three-month high on strong demand for shipping iron ore
English law charterparties override domestic law, ECJ upholds Mediterranea di Navigazione case has implications for all cross-border insolvencies, law firm says
Latsis teams up with investors to launch dry bulk vehicle Ivy Shipping opens account with quartet of six-year-old supramaxes but is also eyeing the panamax segment
Samskip remains on the acquisition trail Nor Lines' coup ticks all the boxes, but logistics firm's chief does not rule out the possibility of new acquisitions
Teekay LNG hit by higher expenses and weak LPG rates New York-listed MLP extends two charters with Awilco LNG
FSL Trust slides into red on fleet impairment charges Trust incurs $24.1m loss on eight vessels
A big future Shipping looks to 2050 as containerships get even bigger
Exchanges go to war over FFA clearing London Clearing House's surprise exit prompts fighting for market share
Teekay's second-quarter results weaken on lower offshore and tanker earnings Energy transport giant records adjusted net loss of $38.1m versus year-ago profit of $701,000
Equity financing gives greater flexibility amid uncertainty, says Pacific Basin Company funds acquisitions through private placement proceeds in the absence of clarity on supply and demand fundamentals
Maritime UK calls for public spending on National Maritime Research Centre Trade promotion body makes bid for government funding as part of post-Brexit industrial strategy
Moody's downgrades Noble Group on warning of massive loss Noble's liquidity headroom is insufficient to cover its debt due this year and next, says ratings agency
ITF member union leads week-long strike at Indonesia's JICT Action is due to new collective bargaining agreement over workers' pension rights and performance bonuses
Milaha's six-month profit tumbles amid tough market conditions Maritime and logistics giant says it remains optimistic despite 'unusually prolonged global downturn'
Self-inflicted vulnerability Is connectivity worth the trouble given issues such as cyber attacks which inevitably crop up?
Does the mega boxship still have a future? Customers are not interested in the capacity of the ship that brought the box from Port A to Port B
Panamax bulker earnings may recover after falling below $9,000 per day Signs of improving earnings as fresh cargoes emerge from South America, Australia and Indonesia
Ardmore bullish on MR tanker charter rates ahead despite losses Chief executive Anthony Gurnee expects earnings to rise on oil demand and shrinking orderbook
Solus Asset has big piece of Team Tankers Investment advisor takes stake in Oslo-listed owner as shares hover near three-year low.
Seasonality hits rates for Teekay Tankers Spot earnings across vessel classes fall sharply from second to third quarter, but greenshoots appearing.
Teekay LNG CEO sees pick up in ship tenders Charterers are still mulling options for long-term tonnage; US LNG exports also providing boost.
Solal secures Libyan tankers for up to a year
Capital Maritime capesize deal gives Marinakis stake in Navios Partners Private company led by Evangelos Marinakis executes profitable S&P deal that gives it a shareholding in Navios Maritime Partners
Teapot refiners say Sinopec has them over a barrel Small outfits simmering over oil giant's plan that they fear could finish them as an independent tanker chartering force
Britons excluded from Emsa as Brexit bites European Commission halts appointment of Nautilus leader to safety agency, with indications Britain is being 'written out' of maritime picture
Rosgeo grabs VTB financing for seismic survey vessel
Chinese buyers get a taste for veteran tonnage
Teekay bonds back on par due to cash injection
TS Lines sounds out yards over newbuildings
Latin American imports boost MR tanker demand But rates still face headwinds of seasonal slowdown and oversupply
Brazil to end Chile maritime cargo transport deal in 2020 Government refuses to scrap bilateral agreement immediately to provide 'predictability' for stakeholders
Deadline looms for emissions monitoring scheme
ASEF wins IMO consultative status approval
'Contrarian' Brookfield not total stranger to maritime It's clear what Teekay Offshore gets from recapitalisation, but what motivates its white-knight investor?
Shell pulls layup ship into yard
Gail nets one LNG carrier but process stalls again
BP snaps up Yemen LNG ship for time charter
EDF taps shipowners for single LNG newbuilding Owners offering a French twist on their bids might have a head start on the pack
K Line and MDT outline strategy for BP trio Shipowner and financial advisor pursue parallel chartering effort to sales moves as Lloyds Banking Group prepares for redeliveries of Trader-class LNG carriers
Bargain buy sets Kim Heng up as big league player Singaporean offshore oil field service and shipyard group Kim Heng Marine & Oilfield celebrated what its chairman and chief executive Thomas Tan termed the "deal of the century" as it held a naming ceremony for its first deepwater-capable anchor handlers.
Spar Shipping seizes shares in Arne Blystad's Offshore Heavy
Stove Shipping completes restructuring
Utkilen expands its fleet and profits
Nor Lines purchase a perfect fit for Samskip Nor Lines has been on Samskip's radar for some time and buying it will extend the company's Norwegian reach to Kirkenes in the high north
IATA: Air cargo takes off in first half 2017 Global air freight markets saw demand grow 10.4 percent in the first half of 2017 compared to the year prior, according to the Internationa...
Australian investment firm to pay $869m for stake in Turkish port IFM Investors, an Australian investor-owned fund manager, is purchasing a stake in Turkey's second-largest seaport, the privately-owned Por...
Australia fines NYK $25m for cartel behavior The Australian Federal Court has ordered ocean carrier Nippon Yusen Kaisha (NYK) to pay a $25 million fine due to cartel behavior, accordin...
XPO thrives in Q2 as it eyes more M&A targets Booming third-party logistics provider XPO Logistics recorded strong second quarter 2017 earnings results as it remains on the prowl for fu...
AAR: U.S. rail traffic rises 2.5% in July Total combined U.S. carload and intermodal traffic in July 2017 was up 2.5 percent, or 49,918 carloads and intermodal units, from the same ...
Executive Moves: PANYNJ, Foss Maritime and ATA Source: Pressmaster/Shutterstock The Port Authority of New York and New Jersey gains new executive director and board of commissioners chair...
IANA: Q2 2017 intermodal volume growth strongest in years The North American intermodal industry in the second quarter of 2017 saw the strongest growth in nearly three years, according to the lates...
New PANYNJ executive director, board chair named A new executive director and chairman of the board have been named for the Port Authority of New York and Jersey (PANYNJ). New York Gov. A...
Schneider profits down in first half 2017 despite Q2 growth Wisconsin-based truckload, intermodal and logistics services provider Schneider National, Inc. saw its net income grow during second quarte...
FACTBOX: The impact of oil sanctions on Venezuela The Trump administration may impose oil sector sanctions on Venezuela this week, a policy path which could compress an already narrow crude spread, disrupt global tanker rates and cause a dramatic decline in Venezuelan output.
Oil falls as NYMEX crude struggles to break above $50/b The oil complex weakened Thursday afternoon to close lower as concerns over rising output from US producers and OPEC continues to cap prices around $50/b.
ANALYSIS: Leaner majors show growing resilience to $50 oil Operating cash flow and debt levels were under the spotlight once again, as investors try to gauge when the battered sector will return to a growth cycle.
ARA fuel oil stocks down on Pernis closure, VLCC loading: PJK The last time stocks were lower, at 825,000 mt, was in the week ended July 13, the PJK data showed.
External: Wired Bunkering
Singapore's fuel oil imports fall to 7-month low of 3.46 mil mt in July Arbitrage from Europe to Singapore did not work due to strong European barge prices, although freight rates were lower.
TANKERS: Daily earnings for MRs a bright spot for Ardmore in second quarter The increase in daily rates stemmed in part from a rise in demand for US products.
- 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
