Business brisk but charter rates stay unmoved Owners struggle to agree fixtures above last done levels despite robust low season demand
Three missing after cargo carrier sinks off South Korea Seven crew members have been rescued
Salvage Union calls for mandatory reporting of LOF side agreements 'Unfair' for salvors to carry the same level of risk for less reward
LNG shipping rates at three-year high amid buoyant longhaul trades US exports, strong Asian demand and general tightness of tonnage are boosting rates across the globe
Dry bulk secondhand sales drop off amid newbuilding drive Despite the fall, it is the largest amount spent on secondhand bulkers since 2011
Daily Briefing Maersk sets out plans to integrate Hamburg Süd fleet following completion of $4bn takeover
At least 13 dead after vessels collide off South Korea Two people still missing but seven others rescued
Regulation: A turning point in the environment debate Shipping needs to step up its efforts to join the fight against climate change
Between the Lines: CMA CGM outperforms generally lukewarm third-quarter carrier results Operational returns underperform carrier expectations, despite healthy demand growth
Top 10 Classification Societies 2017 Class takes on cyber security and attempts to extract digitalisation benefits
CMA CGM signs up Total for LNG bunkering French oil major to charter bunkering vessel for European operation
Diana Containerships sees 64% rate boost in post-panamax charter to Wan Hai Company to receive $1.32m in gross proceeds from the deal
Japan's MHI names leadership team for new shipbuilding unit Koji Okura will lead the new firm as president and chief executive
Big shake up in South Korea's energy mix to weigh on dry bulk shipments Impact of coal import cuts in the nation could hit most dry bulk vessel segments
Korea's Sungdong Shipbuilding says it is in talks for up to 12 orders The company has already signed a total of six letters of intent and was in talks to ink two more
China Merchants Port considering Shenzhen unit restructuring Feasibility studies being carried out on possible reorganisation of Shenzhen Chiwan Wharf Holdings
Oakland port to use former military base for seaport logistics complex Work on the project is scheduled to begin over the first quarter of next year
US ports association voices concern over latest tax changes Tax Cuts and Jobs Act approved in US Senate over the weekend would reduce crucial funding for infrastructure-related investments for...
Japan's ClassNK to release guidelines for autonomous vessels Guidelines will include details for classification of autonomous vessels based on different technology levels, the process of getting approval and...
China's Belt and Road is about investment in people China Merchants Port's training programme for foreign colleagues show the initiative is about developing human capital and not just infrastructure
Nordic American Tankers agrees sale of suezmax newbuildings to Ocean Yield The three suezmax tankers will be on 10-year bareboat charters with NAT
Fuel oil hedging: Friend or foe for shipping? Hedging forward fuel costs looks like a good bet on paper, but risks abound amid regulatory uncertainties
ABS adds new hires to digital class strategy US classification society poaches from General Electric and Siemens to drive new work in digital realm.
Investor stake in Teekay Tankers dips below 5% Azvalor Asset Management's ownership lessens as Bermuda-based shipping firm issues more shares after TIL purchase.
MPCC director adds shares in stock sale Oslo-listed boxship owner approved measure to increase new shares as part of private placement.
Star Bulk takes additional cover in rising market Kamsamax latest vessel from US-listed owner's fleet to be locked into period contract.
Riga Shipyard falls to a loss Latvian yard moves into the red this year as revenue drops.
Capesize bulker rates add to multi-year highs Positive mood in the dry cargo market continues after strong showing last week.
Underwriters fight off suezmax general average claim Lawyers hail "rare example" of court success after failure of German tanker's main bearing put down to lack of due diligence by owner.
Seanergy Maritime tipped for capesize bulker buy Brokers say company close to securing a vessel it was first thought to have bought in May.
Pyxis Tankers downgraded after stock surge Analyst drops tanker owner to hold after 100% plus run up in its stock price.
Seanergy Maritime doubles share sale Bulker owner looks to bank $14m-plus from secondary offering.
Scorpio Bulkers fixes new loan for ultramaxes US-listed owner taps European bank to fund three-ship acquisition.
Latvian Shipping rebounds into profit Vitol-controlled tanker owner improves result despite revenue drop.
SwissMarine capesize tipped for JP Morgan Bank reported to have paid $43m for 2015-built bulker.
Volgotrans banks first Russian leasing subsidy Tanker owner awarded $2.35m to help with costs of two newbuildings.
Norden plants new flag in Vancouver Company veteran Mark LaFrankie will head up the new outpost.
Troim's 2020 Bulkers starts trading in Oslo Dry cargo newcomer begins life on the city's over the counter market.
Stena profit dips as it adds ro-pax Tanker loss cut at Swedish group as ro-ro operations prosper.
Wisdom Marine boosts earnings Taiwanese bulker owner lifted by rising revenue in third quarter.
Songa Bulk could turn on dividend tap in 2018 Norwegian bulker owner free to begin payouts from early next year, analyst says.
Michael Steensland to delist Solvang Chairman to review shipowning and investment structure after taking VLGC owner private.
13 killed as tanker and fishing boat collide Two more missing after incident involving bunker vessel off Korea.
Fujian Anda adds another bulker in China Chinese owner returns to Fujian Southeast for handysize.
Restis plots bulker newbuildings in Ukraine Greek group signs cooperation deal with Vadim Novinsky's Smart-Holding to explore fleet expansion.
IMO names council after contested election Argentina and Bangladesh among those to miss out on places on governing body of UN orginsation.
Odin Marine Group recruits tanker veteran Shipbroker hires tanker trading and marketing head honcho from neighboring shipowner.
Brokers seek 'soft compliance' for seafood import monitoring U.S. customs brokers are concerned that the industry will need more than the next four weeks to comply with new entry data requirements for...
ITC recommends duties on Chinese hardwood plywood imports The U.S. International Trade Commission (ITC) on Friday voted 4-0 to apply antidumping and countervailing duties on imports of Chinese hard...
PhilaPort buys two more new super post-Panamax cranes PhilaPort, the Pennsylvania seaport formerly known as the Port of Philadelphia , has bought two super post-Panamax container gantry cranes ...
Port of Seattle reaches $8m settlement with fired employees The Port of Seattle has agreed to pay a total of $8 million to two former employees who said they were retaliated against for opposing leas...
DP World takes 100% stake in Santos terminal Dubai-based port terminal operator DP World has completed the acquisition of an additional 66.67 percent stake in Empresa Brasileira de Ter...
AAPA: Tax bill must maintain existing tax-exempt financing tools The tax reform bill passed in November by the U.S. House of Representatives contains several provisions that hamper seaport operations, acc...
UPS snatches up Sandler & Travis Trade Advisory Services The integrated global logistics provider and parcel delivery company UPS has acquired Sandler & Travis Trade Advisory Services (STTAS),...
Postal Regulatory Commission looks to up USPS prices Although the U.S. Postal Service has generally achieved short-term financial stability, both medium-term and long-term financial stability h...
A.P. Moller-Maersk to hire 200 AI, big data engineers A.P. Moller-Maersk said it is planning to hire more than 200 engineers to work on artificial intelligence (AI) and big data analytics at it...
Nov crude exports via southern Persian Gulf terminals average 3.502 million b/d Iraq's federal crude oil exports from its southern Persian Gulf terminals averaged 3.502 million b/d in November, up 159,000 b/d from October, analysis of the latest data from the oil ministry showed.
Russia's Tatneft to see first crude output drop in years in 2018 on OPEC/non-OPEC deal Russia's Tatneft expects its 2018 crude output to fall by 0.6% on the year due to the country's production limitations under the OPEC/non-OPEC output cut deal, which was extended last week until the end of next year, the company said Monday, signalling the first production drop after years of steady growth.
No significant inventory draw expected in Q1 2018, says Saudi's Falih No significant oil inventory draws are expected in the next four months, Saudi energy minister Khalid al-Falih said Monday, meaning the global oil markets will not reach balance.
More US refinery activity should yield crude draw, product builds Increased US refinery utilization following autumn maintenance likely drew crude barrels out of storage and pushed product inventories higher last week, consistent with seasonal norms for this time of year.
Crude futures, crack spreads decline as complex weakens Oil futures fell Monday, pulling ICE February Brent $1.28 lower to $62.45/b as crude traded sideways, unable to muster a rally from last week's decision by producers to extend an OPEC-led supply cut deal.
External: Praxis Energy Agents S.A
Wartsila develops new technology to raise tanker revenues, cut pollution The VER system eliminates the problem of volatile organic compound emissions from tankers during laden voyages.
External: Wired Bunkering
Petronas Pengerang oil refinery complex on track for startup in early 2019 The Pengerang Integrated Complex includes the includes the RAPID complex.
Vietsovpetro's crude output to fall 16% to 4 mil mt in 2018 The lower output is attributed to the difficulties in production activities that the company is dealing with, Vietsovpetro said.
FUTURES: Crude falls on profit-taking, higher US rig count
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