Pioneer Marine picks new executive team Sam Tsui, who was interim chief executive since May, leaves to pursue other opportunities
Fronthaul Atlantic MR earnings post record weekly gains on Harvey impact Prompt tonnage in northwestern Europe in hot demand as traders seek to fill supply gap in US Gulf
Harvey recedes but leaves US Gulf shipping in chaos Mammoth weather event is downgraded as US Gulf shipping tries to recover in its aftermath
Denmark looking to scrap flag registration fee Danish industry welcomes government initiative
UK port freight traffic hits 27-year low Freight tonnage falls sharply on coal decline as EU dependency grows
MOL to operate Swan Energy FSRU project Japanese giant also has an option to buy a stake in the unit
Columbia Marlow merger goes through Ship management companies continue to fight for scale in difficult markets
US Gulf ports slowly reopen in the wake of Harvey Houston, Corpus Christi, Galveston and Freeport begin to allow vessel traffic at limited scales
DP World's close Canadian connection We've been welcomed and supported by communities and government here, says bin Sulayem
Prince Rupert thrives at the end of the line Prince Rupert may be remote, but its location hasn't stopped it taking volumes from rivals in the Pacific Northwest
Cosco: no plan to acquire PIL or order new ships Acquiring a leading regional carrier would be an effective way of gaining access to future target markets, says vice-chairman Huang...
Sovcomflot eyes expansion as Yamal LNG nears start Russian giant needs to raise fresh equity if it is to expand in LNG shipping, says financial chief Kolesnikov
Cosco Shipping Specialised Carriers to ink $101m order Chinese owner books up to three pulp carriers at compatriot yard to exploit new business
Diamond S tanker first in reopened Corpus Christi Major port for tanker markets across Atlantic Basin is opening up for business.
VLGC spot rates firming on Harvey outage Major US Gulf Coast LPG terminals still inaccessible, but some movement hoped for over weekend.
Spot tanker rates flatten as US Gulf restarts Vessel supply largely booked out through start of new month as refineries restart.
Great Eastern snaps up KSS Line gas carrier Purchase marks Indian owner's second buy in quick succession.
Hansson hires Giaever to fill twin CFO posts Fearnley Securities man comes in to replace departing Turid Sorensen.
Simatech beefs up boxship fleet Dubai-based Simatech Shipping continues to expand its fleet with the purchase of a German-owned boxship. Brokers report this week that Simatech is buying the 4,132-teu Clivia (built 2004) from Clivia Schiffahrts GmbH & Co, a KG (limited partnership) owner linked to Atlantic Lloyd. The ship is said to have gone for $8m, a price that is very close to its estimated scrap value. Simatech, a private
Karadeniz sells converted OBO for scrap Karadeniz of Turkey has sold for demolition another former combination carrier for what brokers describe as an "excellent" price. The 109,000-dwt Karadeniz Powership Esra Sultan (built 1996) has gone "as is" for recycling in Bangladesh for $410 per ldt or $7.5m. The ship was equipped as a floating power station after Kardeniz bought it as SKS Tana from Kristian Gerhard Jebsen Skipsrederi of
FMR reveals $100m stake in Borr Drilling Enlarged position makes US investor one of Troim-chaired driller's largest shareholders.
GoodBulk linked to Singa Star capesize Monaco-based owner said to have added a ninth cape to its fledgling fleet.
Corpus Christi reopens to panamax ships UPDATE: Major refineries in Corpus Christi also working to restore operations.
China Merchants link sparks Seadrill stock Seadrill reported to be among the potential targets for Chinese group.
Denmark to scrap fee to aid growth of flag It can be three to four times more expensive to register a ship in Denmark under present system.
Ostergaard takes full control of Monjasa Anders Ostergaard has taken sole ownership of the Monjasa Group after buying out partner Jan Jacobsen. Jacobsen says his decision to exit comes after a Danish court ruling last year relating to oil quantity discrepancies towards an Asian customer dating back to 2010, the outcome of which he continues to contest. "I believe this is the most responsible consideration towards Monjasa and its man
Exmar sells Belgibo to Jardine Lloyd Thompson Gain on the transaction will be booked in the shipowner's third quarter accounts.
Dof nets two deals in the Mediterranean Contracts add to Oslo-listed owner's NOK 25bn backlog.
MOL buys into Swan Energy FSRU project Mitsui OSK Lines has confirmed its interest in India's first newbuilding FSRU project. Swan Energy ordered the unit at Hyundai Heavy Industries in South Korea earlier this week with local media reports suggesting MOL was taking an 11% slice. Swan signs up for FSRU In a statement today MOL did not offer specific details but said it would "invest in Swan LNG and participate in many facets of the
Ardmore Shipping springs new $25m share buyback Ardmore Shipping has hatched a new share buyback scheme. Gurnee maps out Ardmore Shipping game plan New York-listed Ardmore plans to repurchase stock worth up to $25m through to August 2020. Shares in the Tony Gurnee led shipowner closed at $8.10 each on Thursday, compared with its 52-week high of $8.75 per share. Ardmore has a fleet of 27 tankers and a market capitalization of $271m. Greenbr
Hyundai Merchant plots VLCCs at DSME Talks underway over contract for five new tankers worth $419m.
Monsoon rains suspend operations at Mumbai port Trucking and rail operations are suspended as well as the monsoon washes out roads and rail tracks. The Indian port of Jawaharlal Nehru, al...
WTO chief Azevêdo takes aim at lingering trade barriers On Friday, Roberto Azevêdo started his second four-year term as the director-general of the World Trade Organization, highlighting the chal...
Wärtsilä wins three re-liquefaction contracts The Wärtsilä equipment, which will supply three under construction LNG carriers, is scheduled for delivery beginning in February 2018. Hels...
UPS launches e-commerce returns tool Parcel giant UPS introduced a free online tool Monday that allows e-commerce merchants to customize return shipments according to their own...
C.H. Robinson snags Canadian forwarder in $50m deal C.H. Robinson, a third-party logistics provider headquartered in Eden Prairie, Minn., has acquired Milgram & Company Ltd. for about $62...
Chinese national sentenced to three years in jail for illicit exports The U.S. Justice Department said 53-year-old Chinese citizen, Fuyi "Frank" Sun, received a three-year prison sentence on Aug. 31 for violat...
Port Newark terminal launches ro-ro training simulator Terminal operator and stevedore Ports America has added a mobile roll-on/roll-off (ro-ro) operations labor training simulator at its Port N...
Survey: 50% of trucking companies say most new drivers quit within 6 months Half of the trucking companies surveyed for a recent study said that the majority of new hires quit within six months, according to Driveri...
Commentary: How to answer your maritime SOS with analytics On Feb. 10, 2016, the Baltic Dry Index (B.D.I.) had the wind taken out of its sails when it hit rock bottom at 290 points, a nearly 98 perc...
Far southeast Texas ports likely shut into next week: pilots The ports of Beaumont, Port Arthur and Orange, Texas are unlikely to open before Tuesday or Wednesday next week.
Iraq says will consider OPEC oil cut extension based on 'status of the market' - Oil minister Luaibi says current output 4.32 million b/d. - Met with Russian minister Novak, Lukoil CEO Alekperov. - Iraq under pressure to comply with quota of 4.35 mil b/d.
FEATURE: Russia to boost Asia ties at major meetings next week,energy in focus Russia to boost development of Asia-focused energy projects.
US Army Corps surveys Houston Ship Channel in effort to ease restrictions: agency The US Army Corps of Engineers has eight survey vessels underway in an effort to lift daylight-only restrictions in the Houston Ship Channel.
Russian bunker market players eye increased supply mid-September: sources Availability remains limited, amid the start of maintenances at refineries and as utilities are buying fuel oil in the run up to heating season.
UPDATE: Aegean, Freepoint ink bunker supply agreement for US Virgin Islands Freepoint will supply the fuels, which Aegean will market and physically deliver via the Limetree Bay oil and product storage terminal at St. Croix.
Former CEO of bunker supplier Monjasa sells 50% stake to co-founder Jan Jacobsen, former CEO of Danish bunker company Monjasa, has sold his 50% stake in the company to co-founder Anders Ostergaard, the company said Friday.
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