Data Hub: World fleet update Increased scrapping levels still to dent fleet capacity
Habben Jansen calls for closer relationship between shippers and carriers Hapag-Lloyd boss says dialogue should go beyond freight rates as industry structure changes
Clouds gather over Ezra Joint venture with Chiyoda and NYK leaves Ezra with $900m debt as missed payment could bring winding-up application
SwissMarine bags fourth BHP freight tender C5 Australia to China capesize freight rate reverses decline once again, climbing to the highest in three months
Europe-Asia exporters facing equipment shortages Shippers, forwarders, lines and analysts report tight capacity on eastbound container services, leading to booking restrictions and rising prices
D'Amico builds $35m war chest Fiori sees opportunity to acquire low-priced assets ahead of market recovery
Philippines entering 'golden age for logistics infrastructure' Government has committed to $140bn investment programme including construction of road and rail links to ports
March price push fails to gain traction But carriers should not be too despondent amid a strengthening spot market in 2017
EU urged to strengthen response to China's shipbuilding drive European shipping community anxious over Beijing's interventionism as Chinese take the lead on shipbuilding
Trump's protectionism puts Canadian ports at risk US-first policies threaten to derail progress of Canadian Pacific gateways
Hyundai Heavy Industries aims to slash debt via spinoffs HHI president Kang Hwang-goo says group had over $6.1bn in borrowings as of end-September 2016
Container line bosses split on risk of another bankruptcy Market conditions brighter as annual transpacific contracting starts, but could new alliances create renewed instability?
Port of Long Beach gets $9.7m zero-emissions equipment grant Grant will fund most of a 12-month demonstration project
Algoma poised to enter shortsea dry bulk venture with Nova Marine NovaAlgoma Short-Sea Carriers to handle a global fleet of around 70 bulkers of up to 15,000 dwt
Diana Containerships inks time charter with OOCL Vessel employment to yield $2m in gross revenue
Creditors weigh up loan guarantee for Hanjin Heavy Industries Shipbuilder needs guarantee to proceed with $173m naval patrol boats project
VLGC chartering comes to life, supported by Indian demand An injection of activity out of both the Middle East and the US causes rates to edge up
Judge approves ISH plan including Seacor takeover, PCTC sale Plan will see key businesses of diversified US shipowner gobbled up by Charles Fabrikant-led rival.
Seacor expects three-fold rise in losses Diversified shipowner owner announces preliminary results as it delays annual report filing.
New pipelines to boost US crude oil exports Extra capacity will bring more crude to export docks along Texas Gulf Coast.
Evercore technicals expert expects jump for Scorpio Bulkers Data suggests shares could be poised for a 'breakout' that would see them jump 29%, analyst says.
Economou linked to Alafouzos tanker buy George Economou continues his spurt of activity with acquisition from fellow Greek owner.
BDI over 900 points again Capesizes and panamaxes performed well this week lifting the Baltic Exchange's main index.
1,500 Sungdong workers taking unpaid leave Korean yard coping with downturn by idling staff.
South Korea funding at least 10 ship orders Cash will go on five VLCCs for HMM, plus others.
MISC merging fleet management arms Malaysian owner brings together AET tanker operations with LNG and other ship types.
PSV rates jump in North Sea Supply ships have sold out in Norway and the UK, boosting earnings.
Moody's downgrades Harvey Gulf Ratings agency fears covenant breach due to 'liquidity stress'.
Navigator Holdings estimates dialled up Host of analysts lift profit forecasts for New York-listed company in wake of strong quarter and key contracts.
Investors back Farstad refinancing Company drops convertible bond issue, but clears final hurdle to offshore merger.
Fesco sees no impact from Kapital claim Russian owner does not preclude the possibility of reaching an amicable settlement.
Maersk goes digital to boost its revenue Danish company could offer new services and products, CEO Soren Skou tells a PwC conference.
PSV rates double in North Sea Norwegian and UK spot market sells out of tonnage as earnings jump.
Havila wins contract extension from Total Restructuring Norwegian owner sees oil major put pen to paper to keep a PSV until 2019.
Polarcus wins Australian data deal Middle East owner also extends seismic contract in West Africa.
Oman Shipping fixes $227m of MR finance Middle East owner taps Societe Generale for Project Silver cash.
Eriksen puts his money into Ocean Yield stock Aker chief executive snaps up stock worth over $1m in Oslo-listed sibling company.
Turkish tanker seized in Libya Eleven crew detained by armed men in Zuwara.
Island Offshore rehiring 300 workers Norwegian owner says new contracts mean it can reverse the trend for lay-offs.
TGS contests $10m tax fine Offshore charterer says action by financial watchdog 'lacks merit'.
Scotland launches decommissioning fund Government says $20bn to be spent in the North Sea on removing platforms over next decade.
Tsuneishi plans 'green' recycling facility Japanese shipbuilder reported to be set to spend $100m on yard in the Philippines.
Ezra faces $900m EMAS Chiyoda Subsea exposure Singapore-listed offshore services company says liabilities relate to vessel charter and loan guarantees.
Chief airlifted from Euronav VLCC Broken leg sustained after getting hit by anchor chain prompts USCG to medevac engineer.
Rep. Garamendi introduces bill to strengthen U.S. Merchant Marine U.S. Rep. John Garamendi, D.-Calif., ranking member of the Subcommittee on the Coast Guard and Maritime Transportation, has introduced a bi...
Discharge of cargo delayed in Honolulu Members of the International Longshore and Warehouse Union (ILWU)did not show up to discharge cargo from a Pasha Hawaii ship in Honolulu Ha...
New Paulsboro Marine Terminal receives first ship Photo: Gloucester County, N.J. The Doric Warrior at the Paulsboro Marine Terminal on March 2. A new marine terminal on the Delaware River r...
Drewry calls some alliance port choices 'illogical' London-based shipping research and consulting firm Drewry said it has examined the correlation between carrier terminal ownership and the c...
OOCL, Diana Containerships sign time charter agreement Japanese ocean carrier Orient Overseas Container Line Ltd. (OOCL) has entered into a time charter deal with containership lessor Diana Cont...
Maersk issues contingency plan in Spain Labor disputes have escalated at ports across Spain during the past few weeks, fueled by the government's plans to reform the Spanish Ports...
FTR: Class 8 orders up another 5% in February Photo: Vitpho / Shutterstock Orders for North American Class 8 trucks grew 28 percent year-over-year to 22,900 units in February 2017, accor...
Port of Cleveland inks 10-year agreement with new terminal operator Logistec USA Inc. (Logistec) has signed a 10-year agreement with the Cleveland-Cuyahoga County Port Authority to operate the Cleveland Bulk...
NAFTA trade rises for second straight month in December The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA), which ...
Asia crude buyers welcome surprise cuts in Saudi Aramco, ADNOC OSPs "This was a surprise, but a pleasant one [for Asian customers]," said a sour crude trader with a South Korean refiner.
ICE open interest for most front-month Singapore light, mid distillate contracts fall in Feb The Singapore jet kerosene front-month contract on ICE saw open interest rise for a third month, by 24.9% to 13.57 million barrels.
All Mexican Gulf crude-loading, petchems ports closed by storms: ministry However, Tuxpan, the leading point of entry for Mexico's growing imports of oil products, reopened early Friday after a 24-hour closure.
Pemex Tuxpan port MOU with SSA Marine could boost gasoline, distillates imports According to the most recent business plan of Pemex, the operational capacity of Tuxpan is to be raised to 100,000 b/d from 85,000 b/d of products.
REFINERY NEWS: South Africa's Engen due for partial maintenance in May Durban's Engen refinery is planning a turnaround on its alkylation unit due to start on May 2, a company source said Friday.
ARA fuel oil inventories drop 2% on week: PJK The arbitrage from Rotterdam to Singapore was seen to be relatively active.
FUTURES: Crude futures claw back on weaker dollar, contango deepens Refined products were also gaining some ground
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Crude rises after overnight tumble on dollar, Russian cuts Russia's crude and condensate output averaged 11.109 million b/d in February, down just 2,000 b/d from the previous month.
ANALYSIS CORRECTION: Persian Gulf rivals set to rumble in Southeast Asian jungle Iran, Saudi Arabia hope to export more crude to Southeast Asia.
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