Data Hub: World Fleet Update Despite increased scrapping, global containership capacity continues to surge
China coal worries put pressure on panamax bulkers Coal into India trade active in spot market in past week
Liquid fuels and the future of product tanker demand Headwinds for product tankers: IEA targets diesel-guzzling trucks, and Volvo kills the internal combustion engine
Chinese newbuilding prices go south again Buyer appetite for fresh bulker tonnage has declined in the second quarter, say shipbrokers
Baltic's LPG index heading below $20 for first time in 10 months Lack of cargoes leading to lacklustre summer for VLGCs
US soyabean exporters weigh up boxes over barges Outbound shipments of the commodity are rising, but the shift to containerisation is slow
Update to cyber guidelines raises deeper security questions Petya ransomware attack a wake-up call for entire shipping industry
Iran sets out bold port expansion plans Following the lifting of sanctions, country aims to become a gateway to Middle East and Central Asia
EU looking to IMO to impress Crucial European lawmakers in London split over IMO's performance at MEPC 71
China and India policy changes add to dry bulk market uncertainty New regulations in the coal market to reshape bulker demand
Vessel designs have become less efficient, say green pressure groups Standards need to be tightened to maintain the momentum of efficiency gains, say NGOs
Gulf crisis spills over into IMO Qatar slams Gulf states on the international stage demanding end to alleged convention violations
Time to appreciate the risks taken in salvage operations More transparency from all sides would be a welcome first step in determining what is needed to ensure the sector...
HHI to set up engine making facility with Saudi Aramco and Dussur Joint venture to develop the facility in the King Salman Global Maritime Industries Complex at Ras Al-Khair, Saudi Arabia
Economou and DryShips face lawsuit over share issuance Plaintiff seeks to prevent company from issuing new shares below a stated price
Piracy incidents fall to five-year low, IMB finds Co-operation between Indonesia, Malaysia and Philippines lowers incidents around Philippines
Who killed LOF? Insurers have undermined the world's most famous salvage contract but are they also pummelling the salvage industry to the brink...
US investor takes on Economou's DryShips Shareholder derivative lawsuit, which names Kalani as co-conspirator, aims at halting share offerings.
Eagle Bulk levers up with new term loan facility Lender syndicate takes as collateral nine Greenship Bulk Trust vessels that company acquired.
Alco Shipping crew reports abandonment Seafarers report increasing deprivation including lack of pay, food and medical care.
Yasa cools talk of ultramax bulker order at Yangzijiang Yasa Shipping is being linked to an order for bulkers at Yangzijiang Shipbuilding. The Turkish owner, however, is dismissing the speculation. Industry sources say Yasa is ordering up to eight ultramaxes at the Singapore-listed yard for delivery in 2019. The deal would be for four firm vessels and four options. "Yasa has signed a letter of intent with Yangzijiang", claimed one market source. "Th
Petros Pappas takes the helm at UK Defence Club Directors of FD&D mutual choose shipowner experienced in high level litigation as chairman
Alfa Laval wins deal for ballast treatment gear Order for retrofit comes as owners may, or may not, face deadline on installing ballast kit.
Trafigura signs deal to take US crude at export dock Agreement to buy crude oil at export dock shows ongoing US export ramp-up.
Canada seizes tanker with Kurdish crude Italian owner Finaval and Vitol are caught in the middle of re-emerging tensions between Iraq and KRG.
FSL summons ex-CEO to appear in court Singapore-based firm orders former chief executive to court seven months after departure.
Spanish owners seek to stop the rot Controlled fleet set to rise to highest level in 32 years, but national flag shrinking.
Diana Containerships settles RBS loan Greek owner pays $85m of outstanding $128.9m through two new facilities with Diana Shipping and Addiewell.
Petrogress buys into Cypriot shipyard Piraeus tanker owner to invest in and expand F&T facility in Limassol.
P&O Ferries freight volumes at record levels First six months have outshone any in UK owner's modern history.
Fulford-Smith throws in towel on restaurant business Affinity (Shipping) founder and shipbroker Richard Fulford-Smith is exiting the restaurant and bar business after eight years, blaming inflation, spiralling business rates and the impact of the Brexit vote for a slowdown in trade. Three restaurants and bars in London - Dickie Fitz, The Lady Ottoline and Princess Victoria - owned and run by Fulford-Smith, Anna his wife and their associates under t
ITF and employers fail to reach pay deal Second round of discussions in Tokyo proves tough as union and owners set to meet later this year.
IMO moves toward ballast water extension Regulators set to rubber stamp deal that will give owners at least two more years before they have to fit treatment systems
AHTS rates jump in North Sea Charterers paying $10,000 more per day as supply tightens in Norway and UK.
EMGS pushes up ship utilisation Survey company employed one operational vessel for 85% of second quarter.
Maersk working towards 'full recovery' Danish conglomerate tries to keep cargo flowing with the minimum disruption following cyber-attack.
UPS can now use golf carts for deliveries in Kentucky United Parcel Service Inc. (UPS) can now use golf carts to deliver packages in Kentucky, thanks to a new state law allowing delivery driver...
Cargolux expands service to Ecuador Cargolux Airlines, a Luxembourg-based all-cargo carrier, on July 2 began offering four scheduled weekly flights to and from the capital cit...
WiseTech strikes deal to buy Bysoft Australia-based logistics enterprise software provider WiseTech Global reached a deal to acquire Bysoft Solucoes em Sistemas Para Comercio ...
Rhenus acquires Australian freight forwarder German third-party logistics provider Rhenus Logistics signed an agreement on June 16 to buy Australian freight forwarding company O'Brien ...
EU, Japan nearing agreement on trade deal The European Union appears to be closing in on a new free trade agreement with Japan. EU Trade Commissioner Cecilia Malmström was in Tokyo...
IATA: Air cargo volumes jump 12.7% in May Global demand for air cargo in May 2017 surged 12.7 percent compared with the same month a year ago, surpassed the 8.7 percent growth recor...
Seaspan continues discussion on Wang's future Containership leasing giant Seaspan Corp. is continuing discussions surrounding the employment agreement modifications for Chief Executive ...
NTSB blames fiery 2015 BNSF crash on deferred track work The probable cause a fiery derailment of a BNSF ethanol train on Sept. 19, 2015 near Lesterville, S.D., was deferred track maintenance, acc...
American adds cold capacity for pharma at Heathrow American Airlines Cargo has opened a new temperature-controlled room at its cargo facility in the London-Heathrow Airport that is aimed at ...
Analysts mystified as comments by Russia's Novak send oil complex tumbling ICE September Brent settled $1.82 lower at $47.79/b Wednesday, while prompt NYMEX August crude fell $1.94 to settle at $45.13/b.
Med-North HSFO spread at 11-week low on strong selling: sources
UPDATE: Qatar rejects Saudi-led demands, awaits new measures - Saudi Arabia and allies meet in Cairo to discuss response - Qatar preparing for long-term isolation - Foreign minister confirms Qatar will not close Dolphin pipeline
Black Sea bunker market poised for some support from harvest season Harvest season traditionally ramps up through July and is at its peak in August-September.
External: Wired Bunkering
Istanbul bunker premium over CIF Med cargoes hits five-week high Bunker market conditions at Istanbul were steady Monday and Tuesday, with reasonable demand and availability.
Lanka Marine Services puts first double-hulled bunker barge into service Barge's delivery rate of 700 mt/hour will cater to growing trend towards larger parcel sizes.
Russia's Gazpromneft-Lubricants eyes marine lubes growth in Caspian Sea ports "The Caspian Sea is a promising region with a great potential, and we plan to increase our presence in the area in the nearest future," company's head head of marine lube oils business said.
Russia, China step up gas projects, oil partnership as Xi visits Moscow - Gazprom, CNPC agree first gas flow via Power of Siberia for Dec 2019- Rosneft, CEFC sign strategic cooperation agreement
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