Can VLGCs defy 2017 expectations after promising start? Spot market is a relative improvement for owners as year kicks off
UK cruise group goes into administration Most employees fired as operations halt, 400 cruiseship passengers overseas protected by ATOL coverage
Suezmax and aframax markets begin year on quiet note Tight tonnage lists, Chinese New Year demand and West African cargoes to boost earnings in coming weeks
AGCS gets new head of marine as Gerhard is reshuffled Ossena steps up to top job at hull insurance giant
SGX cautiously optimistic on dry bulk for 2017 Outlook comes despite a 20% decline in the BDI over December last year
Japan's big three shed more light on boxship integration Companies will draw up a new business plan to reflect restructuring
Korea Line stakeholders reject plan to buy Hanjin's Asia-US assets Deal to take place through shipping unit established by parent SM Group instead
Temas Line buys land in Surabaya to use as container yard Purchase expected to help grow revenue by 10% in 2017
HHI and HMD set lower sales targets for 2017 New revenue targets come amid continued weakness in the shipping sector worldwide
Singapore maritime authorities issue 51 bunker survey licences Licences valid for a period of one year
Supramax market suffers an unhappy new year But market sentiment remains positive with brokers expecting a recovery in rates
Containerships collide near Singapore causing oil spill Damaged bunker tank on APL Denver leaks 300 tonnes of oil
MOL targets return to operational profitability this year Slow trade phenomenon is not a short-term trend
Cosco Shipping inks co-operation pact with Chinese carmaker Deal to help meet growing demand in the domestic vehicle shipping industry
Ningbo-Zhoushan box throughput rises 5% to 23.3m teu Growth cools from year-ago level of 6.1%
Fincantieri is preferred bidder for STX France stake Sale of other STX assets delayed until the first half of 2017
Tanker owner KNOT launches share sale New York-listed spinoff could use cash to buy ships from parent Knutsen NYK Offshore Tankers.
Win may not translate to cash Chief operating officer Peter Bagh of Lubeck-based Oldendorff GmbH says staff are still reviewing the English High Court ruling in the case of 70,000 tonnes of iron ore that Oldendorff had to pay for after the buyer went belly-up.In principle, Oldendorff won a victory, as did shipowner Goulandris Bros on whose behalf Oldendorff is acting in the case. It remains to be seen whether that translates i
E-PAPER 2017: Hope mixed with caution Signs of optimism among owners that the worst dry bulk market in decades may have passed. But also words of caution that the year ahead remains unpredictable and the industry needs to remain disciplined in both scrapping tonnage and refraining from ordering newbuildings. China, OPEC, politics and regulatory requirements remain key in deciding the future for both dry cargo and tanker players, while
S&P boosts GulfMark after debt offer ends OSV-owner gets slight upgrade in credit ratings, but difficulties linger.
Suezmaxes lead dirty tanker spot slump Average suezmax spot rate declines 8.8% in one day as force majeure scenarios continue in West Africa.
Liberia pulls SMC for Newlead Victoria Bulker no longer allowed to transit on its own; cargo said to be stranded.
Tanker prices on slide but bulker bottom has passed, bank says DNB Markets expects crude rates to fall harder than tanker values during 2017.
Wison plans all-in-one FSRU and power plant New vessel design promises 'plug-in' power for developing countries.
SwissMarine takes panamax on time charter Japanese-owned bulker fixed on a day where BDI took an upward turn.
MSC behemoth grounds in Suez Canal A 13,050-teu containership reported a machinery transmission malfunction but is now cleared to go.
McDermott scores Saudi work for fleet Houston engineering company says its offshore vessels will carry out installation in Saudi Aramco project.
Idan Ofer opens up on 'peaceful' fleet division Shipowner says he and his brother Eyal are both "living happily ever after" as data shows contrasting fortunes during past few years.
Canadian LPG export plant gets greenlight Project would create second major export terminal in Pacific Basin.
Sunken Maersk vessels located off France Signs of pollution have been observed close to the location where two anchor-handlers sank in December.
Carl Buttner plots tanker newbuildings Letter of intent signed for six handysizes for delivery in 18 months
Finland's Containerships appoints CCO Jari Lepisto moves from chief finance officer role to spearhead customer operations.
Dof secures charters from Asco and Eni Norwegian offshore vessel owner inks long-term deals for PSV and AHTS.
Japanese yards overtake Korean rivals Clarksons orderbook figures suggest Asian builders have swapped places for first time in 17 years.
All Leisure goes into administration UK group cites "adverse financial position" for move after cruises cancelled.
Car carrier barred after skipping repair call Paris MOU bans veteran vessel after it failed to check in at Dubai yard.
Cochin Shipyard "will not be privatised" Indian government minister appears to call off shipbuilder's IPO.
CoscoCS buys into second Chinese bank Chinese owner's investment arm snaps up more than a billion shares in Bohai lender.
Maersk teams up with China's Alibaba Danish conglomerate allows shippers to use e-commerce services, bypassing freight forwarders.
K Line: boxship merger will make money in slump Japanese owner's president Eizo Murakami confident economies of scale will result from tie-up with NYK and MOL.
Hoegh LNG completes Grace dropdown Transfer of stake in FSRU to New York-listed MLP has gone through.
NYK chief Naito sets out growth targets Formation of new boxship venture will be felt across the group, but NYK president has clear plans for other divisions.
HMM in talks over port investment Korean owner teaming up with new alliance partners for moves into South-east Asia.
Ikeda laments shift from global to local MOL CEO also blames shipping's problems on consumers buying services rather than physical goods.
Solstad buys back $11m of Rem bonds Offer for debt followed merger with compatriot owner in December.
Age Remoy sells Solstad stock Former Rem Offshore chairman banks $357,000 from share sale after merger.
BWO set to receive FPSO blast payout early Oslo-listed offshore vessel owner in line for $250m for Cidade de Sao Mateus casualty.
Containerships collide off Malaysian port Pollution clean-up assets out in force after 300t of bunkers are spilled by APL vessel.
Containership targeted off Philippines Coast Guard said to have exchanged gunfire with armed men in two speedboats.
Lorentzen & Stemoco exits gas spot market Oslo-based shipbroker yet to recover from departure of senior broking duo in October.
Maersk-Alibaba tie-up a sign of changing times Maersk Line has partnered with the Chinese e-commerce giant Alibaba to provide a direct booking link for shippers using Alibaba's platform,...
Japanese carrier joint venture will help when market is poor The decision by Japan's three major shipping companies - NYK, MOL and "K" Line - to combine their container liner and international port op...
UP purchases Railex reefer distribution assets In a move toward vertical integration of its refrigerated cargo services, Union Pacific Railroad (UP) has acquired the refrigerated and col...
Commentary: Unclogging the airways The push is on for modernization of the United Kingdom's friendly skies. In early December, the U.K.-based air traffic control company NAT...
Trump names Lighthizer as USTR nominee President-elect Donald Trump on Tuesday announced he will nominate Robert Lighthizer as U.S. Trade Representative. Lighthizer served as De...
Schneider National files for IPO Schneider National, Inc. filed an application with the U.S. Securities and Exchange commission to trade Class B common stock. The Green Ba...
Tight supplies, Asian competition boost Pacific Northwest bunker fuel prices A beneficiary of the higher prices is the neighboring port of Vancouver, because Seattle is where suppliers in Vancouver buy most of their inventory.
IFO 380 CST Cartagena prices climb to their highest level since 2015 on tight supplies IFO 380 CST Cartagena was assessed at $338/mt delivered, an increase $11 from Tuesday. The assessment was the highest since July 31, 2015, when it was at $335/mt delivered, Platts data showed.
US fuel oil outright prices, crack spreads hit multi-year highs despite mixed demand The discount of USAC 3%S fuel oil to the front-month ICE Brent futures contract was assessed at $5.62/b. The discount was last narrower in February 2010, S&P Global Platts data showed.
Crude futures rise on OPEC/non-OPEC compliance hopes, softer dollar NYMEX February light sweet crude settled 93 cents higher at $54.22/b, while ICE March Brent rose 99 cents to settle at $56.46/b.
Physical Med-North HSFO spread at 14-week high amid firming Med demand The spread reached $1.75/mt late Tuesday, a rise of $6.25/mt on the day, after reaching lows of minus $12.25/mt near the end of 2016.
World Fuel Services to start bunker supply at Texas terminal Miami-based fuel supplier World Fuel Services is to start providing marine fuels at the Sunoco Logistics Nederland terminal in Texas from March
External: Praxis Energy Agents S.A
Rhine levels 'a nightmare' for diesel traders
External: Wired Bunkering
FUTURES: Crude futures rise as producers implement production cuts
Singapore's MPA contains bunker fuel spill; port operations unaffected MPA will also investigate cause of collision.
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