Brussels clears Cosco takeover of OOCL The European Commission has approved Cosco's $6.3bn bid to buy OOCL parent company Orient Overseas (International) Ltd
Dynagas Partners posts lower third-quarter earnings LNG carrier owner had forecast softer third-quarter results owing to temporary factors including drydocking
Nigeria LNG aims for more 'flexibilities' in sales More destination-free cargoes from the world's fourth ranked exporting nation could increase tonne miles
Global shipping outlook for 2018 remains negative, says Fitch Lingering overcapacity slated to undermine improvement in market fundamentals
Look into the crystal ball - and decide what to do next With a broad market recovery and a brighter outlook, owners have a chance to avoid past mistakes in 2018
Top 10 Technology leaders 2017 In the run-up to publishing the annual Lloyd's List Top 100 most influential people in shipping on December 15, here...
RCL looking to expand in 2018 Intra-Asia player cites narrower demand and supply gap and low idle fleet percentage as reasons for cheer
FMC future in jeopardy under Trump administration A Washington insider warns that the Federal Maritime Commission risks drifting into a state of irrelevance
Japan's MOL signs five-year bauxite shipping contract with Alufer Mining MOL's ocean shipping services will support Alufer's bauxite production scheduled to start in the third quarter of 2018
Euronav offloads another elderly VLCC for $45m Company expects to reap a $20.3m gain on the transaction
Scorpio Bulkers secures loan facility for three ultramax vessels Update: Golden Ocean and Tiger Bulk become Scorpio shareholders after recent financing deals, separately
Korea's maritime graduates see drop in job opportunities Fewer students also wanted to major in maritime-related subjects, study shows
Data Hub: World Fleet Update New orders remain limited but deliveries push fleet size to record highs
ABS creates digital leadership roles New senior positions and appointees signal shifting priorities
Capesize market sizzles to new heights The surge in the capesize sector has boosted the Baltic Dry Index to the highest level in almost four years
Australia and UAE climb the IMO ranks The two member states made history by gaining spots in IMO Council Category B
Union takes on Pasha for crew quarters US labour regulator sets January hearing on complaint about lack of disclosure for newbuildings.
Dynagas' earnings fall short on lower revenue LNG shipowner saw third-quarter revenue lessen amid lower utilisation and rates partly due to trading on spot market.
Mitsubishi Shipbuilding reborn Japanese yard dips into the history books as it takes on a new form.
Vroon fixes out VOS Start to MHI Vestas Walk-to-work ship to support Borkum Riffgrund II commissioning work.
JSW seeks 30 ships in $180m newbuild push Indian group wants to charter new vessels for coastal cement and steel business.
Havila Shipping lays up PSV Norwegian owner's latest move means 79 North Sea supply ships now stacked.
Korean Register launches drone surveys Classificiation society says new technology for inspections will reduce costs and downtime, and improve safety.
Olympic Shipping linked to third VLCC at Hyundai Heavy Greek owner said by some to have opted for an extra tanker newbuilding at Korean yard.
Three crew missing after cargoship sinks Search continuing after Sheng Hai lost off Shandong in storm.
Fitch Ratings stays negative on global shipping markets Capacity concerns mean ratings agency is not getting carried away with box and bulk upturns.
Sembcorp scoops Shell FPU job Singapore yard to build hull and topside for US Gulf Vito unit.
Tanker master held after Korean smash Final two bodies found following capsizing of fishing boat.
NCSP Group profit falls Russian port company NCSP Group has seen its profit fall back in the opening nine months of the year. It logged a profit of $359.354m in the period, down by more than a quarter from the same stretch of 2016. The slide in the company's bottom line came despite revenue inching up by 1.9% to $661.557m. The company did not offer any commentary to explain the factors influencing its performance.
Frederic Barnaud to take helm at Pavilion Energy Outgoing Gazprom Marketing & Trading chief to head up emerging Singapore LNG player
Shinyo International takes cover on capesize Fred Cheng company reported to have fixed out bulker bought last year on short period deal.
EIB provides $148m to Wartsila European investment bank coughs up cash for eco-engine research.
Songa Bulk set to move into the black in coming quarter Fourth quarter set to mark the beginning of profitable period, Pareto says.
Fujian Shengda makes dry debut Chinese company picks local yard for new handysize.
Uljanik Plovidba seeks debt refinancing Croatian owner's move to include partial rejigging of existing borrowings.
HSH Nordbank could go for $237m Three bidders vie for German lender in privatisation bidding.
Refiners seek VLCC term deals in India IOC and Bharat Petroleum switch to long-term tanker charter policy.
MOL signs bauxite capesize contract Japanese owner to ship cargoes from Guinea for five years.
Euronav profits again as it sells another VLCC New York-listed owner offloads oldest remaining ship for FPSO conversion - and gain of $20m.
China gas imports set for four-fold increase Clean air policy has resulted in a surge in demand with much of that being met by shipped in cargoes.
Sembcorp Marine close to semi-submersible sale After several false dawns Singapore offshore yard may finally sell ex-John Fredriksen rig.
Total to supply LNG for CMA CGM giants French oil major considering chartering LNG bunkering vessel to deliver fuel to ships in Europe.
MOL begins 'multi-dimensional analysis' of causes of on-vessel incidents Japanese shipping company Mitsui O.S.K. Lines (MOL) and a subsidiary, will this month begin using multi-dimensional analysis of the causes ...
Old Dominion posts improved operational metrics Old Dominion Freight Line, Inc. (ODFL) reported operating metric improvements into the fourth quarter of 2017, withan increase in less-than...
Hapag-Lloyd, Kuehne + Nagel agree to cut CO2 emissions 17% by 2020 German container carrier Hapag-Lloyd and Swiss-based transport and logistics company Kuehne + Nagel have reached an agreement to commit the...
CMA CGM sells 90% interest in Global Gateway South Terminal The CMA CGM Group has completed the sale of a 90 percent equity interest in Global Gateway South Terminal at the Port of Los Angeles, the F...
Could clean diesel tech help eliminate drayage related pollution? When the adjoining Los Angeles and Long Beach seaports approved an update to their Clean Air Action Plan (CAAP) environmental initiative in...
U.S. trade deficit rises 8.6% in October The U.S. trade deficit totaled $48.7 billion in October, an 8.6 percent uptick from September, as export value remained flat amid rising im...
Port of LA looking to attract investors via new purpose-built website The Port of Los Angeles has launched a new investor website so that it can better communicate with its invested stakeholders, including cur...
Canada strengthens ties with China, but trade deal remains uncertain Canadian Prime Minister Justin Trudeau and Li Keqiang, Premier of the State Council of the People's Republic of China, agreed to continue e...
U.S., Mexico launch border-crossing cargo pilot A six-month pilot program that allows the pre-inspection of U.S.-bound cargo in Mexico by U.S. customs officials has launched after six yea...
Oil futures rebound before release of US inventory data NYMEX January crude rose 15 cents Tuesday to $57.62/b ahead of weekly US inventory data expected to show a draw in crude stocks, while NYMEX crack spreads reversed higher after settling multi-month lows Monday.
Goldman Sachs raises 2018 Brent oil prices forecast to $62/b Goldman Sachs raised Monday its oil price forecasts for 2018 and 2019, citing a more optimistic view on global oil demand growth and the risk that OPEC could overshoot on efforts to rebalance the oil market.
PDVSA submits all contracts, senior positions to validation All contracts and senior positions in Venezuela's state-owned PDVSA will be reviewed as part of restructuring and the corruption investigation being carried out in the oil industry, oil minister Manuel Quevedo said.
Nov NWE HSFO barge volumes highest since Jan ahead of destocking Fuel oil barge volumes traded in Northwest Europe for November hit their highest levels since January this year as de-stocking ramped up ahead of the holiday season.
Malta bunker premium over benchmark reaches two-month high Bunker fuel in Malta strengthened to its highest point in over eight weeks against the regional high sulfur fuel oil cargoes benchmark Monday on good demand.
UKC-USGC Panamax rates surge on tight availability, strong interest Dirty Panamax vessel rates from the UK-Continent to the US Gulf Coast have surged to their highest level in roughly 10 months on tight vessel availability, rising bunker costs and increased interest for east to west deliveries of fuel oil and crude oil.
External: Wired Bunkering
TRADER NOTE: World Bunker Suppliers hires new Fujairah bunker trader
Wartsila, GTT ink deal to develop LNG fuel tank, supply systems for marine sector Wartsila and GTT will provide shipowners and operators with smart marine solutions.
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