DryShips takes second VLGC newbuilding Shell-chartered gas carrier expected to add at least $54m to company's gross revenue backlog
Data Hub: Charter Rates Big demand for big tonnage: New alliances trigger a flurry in larger fixtures and renew market optimism
Handysize bulker earnings gain 8% on week Atlantic rates drive upwards while Pacific continues to outshine
Data Hub: Load Factors Supply curb to lift transatlantic load factors in 2017, yet political and economic factors will hang heavy
Korea beats China in tanker orders on competitive newbuild deals South Korean builders are offering Chinese prices
Marine business launches on PPL Third class to go live on electronic trading platform
More West African trade for VLCCs, but rates yet to respond Owners hoping West African boost will filter down to freight rates
P&I clubs face 'testing period' Low investment yields and competitive pressures to weigh on free reserves, warns rating agency
Cosco Shipping denies yard shutdowns Restructuring plan is aimed at specialising yard production rather than killing off capacity, CHSI says
KDB expects biggest net loss in 18 years for 2016 Losses due to Hanjin, DSME and STX Offshore restructuring expenses
MISC integrates shipmanagement services with AET Merged entity will be known as the Eaglestar Group
Maersk partners IBM to digitalise the supply chain process Solution will reduce fraud and error and cut the amount of time products spend in transit
Amsterdam port to upgrade Vopak terminal facilities Investment to raise total number of berths to four for seagoing vessels and 10 for barges by end of next year
Mercator Lines extends judicial management order to May Company needs to ink implementation deal with a possible investor by March 21
Port of LA caught up in 11th-hour network planning Ship call data needed to avoid repeat of 2014-2015 berth gridlock as new alliances start joint services on April 1
Lolli-Ghetti's Scorpio share buys hit $7m Part of continuing programme from founders of New York-listed tanker owner.
OceanFleet pursuing appeal of criminal fine Greek manager and shipowning affiliate challenge $2.7m in fines in 'magic pipe' pollution case.
Pemex looking to boost clean tanker cargoes Country's energy sector reforms mean strong growth in gasoline cargoes from US.
China-South Korea cruise blow may be short-term Analyst says China's effective ban on future sales to South Korea doesn't deter from long-term growth story.
MRs and suezmaxes surge But VLCCs fall back in mixed week for tankers.
Fincantieri, France closing on STX deal Italian shipbuilder would take control of cruiseship yard without majority stake, local report suggests.
Tidewater talks go on after waivers stretched Offshore vessel owner garners waivers for 10 more days as it works on restructuring deal with lenders that could dilute shareholders.
Wilson CFO Berge leaves after 10 years Norwegian bulker owner seeking new finance chief from the third quarter.
Asiatic Lloyd scraps panamax boxship German owner said to have sold off vessel bought from MOL in summer of 2015.
Golar and CSDC ink sale-and-leaseback deal Chinese owner is paying $187m for LNG carrier that will be chartered back to Golar for 10 years.
PDZ cuts capital and launches offering Malaysian owner raising cash to buy a vessel, among other things.
DryShips secures second VLGC purchase George Economou-led owner has declared an option for another gas carrier.
Angelakos bulker brace fixed in rising bulker market Two vessels owned by Greek owner have been tied up as Chinese government adds another optimistic note to a rising dry-bulk market.
CCCC Group orders new dredgers Chinese company adds trailing suction hopper vessels at domestic yard.
Morgan Stanley mulls Ship Finance dividend direction Bank ponders how shipowner's payout could be impacted by Seadrill restructuring developments.
Search abandoned for missing crewman Seafarer went missing from bulker BBG Bright in the US.
Seaspan puts $1bn on the shelf Boxship owner paves the way for share sales as insiders line up separate $29m disposal.
United Ocean bulker scores 'solid' price Brokers say closely watched sale offers latest evidence of appreciation in asset values.
Maersk goes paperless with IBM venture Danish shipowner joins forces with computer giant to apply blockchain technology in shipping.
Tanker gets a tow off Gibraltar Western Shipping vessel went adrift as it entered strait.
ICG optimistic after stronger 2016 Irish ferry and boxship group expects further growth after more profitable year.
Stifel sees 'nasty side effect' to dry capital Analyst fears wave of secondhand interest fuelled by new capital could trigger newbuilding orders.
Pirates release kidnapped Briese crew Seven Russians and a Ukrainian are heading home after captivity ordeal in Africa.
B+V lining up 300 job cuts German shipyard says it needs to downsize due to a lack of business.
Dof buys back debt with new bond Oslo-listed company completes $175m bond issue and buys back $94m of notes maturing in 2018.
Seglem pens LNG newbuilding at HHI Knutsen OAS Shipping books order in South Korea after winning the race for Iberdrola contract.
Ship Finance VLCC sales reports unfounded Reports linking Fredriksen group company to disposal of veteran are inaccurate.
BSE suspending ABG Shipyard shares Mumbai exchange says struggling shipbuilder failed to comply with listing requirements.
Maersk, IBM collaborate on blockchain solution For customs authorities, the solution is intended to give real time visibility, and for shippers, it...
Drewry: Container carriers should defer new ship deliveries Container carriers have a "golden opportunity to smooth out the capacity peaks in the coming years" by deferring the delivery of the ships ...
Odyssey Logistics & Technology buys AsepTrans Odyssey Logistics & Technology Corporation (Odyssey) announced last week it has acquired AsepTrans, the only aseptic international stan...
Kewill, LeanLogistics rebrand as BluJay Solutions The global supply chain management software provider Kewill said Monday it has rebranded itself as BluJay Solutions in the wake of its 2016...
Port of New York/New Jersey box volumes up 8.3% in January The Port of New York and New Jersey handled 517,668 TEUs of containerized cargo in January 2017, an 8.3 percent increase from the same 2016...
Executive Moves: UPS and AAR Source: Pressmaster/Shutterstock UPS hires director of global affairs, while the Association of American Railroads names new press secretary...
Bloomberg: CSX could name Harrison CEO as early as next week Despite negotiations taking a decidedly hostile tone in the past few weeks, Jacksonville, Fla.-based Class I railroad CSX Corp. may be near...
CBP accepts Reimbursement Program applications indefinitely U.S. Customs and Border Protection (CBP) is still accepting applications from local private sector and government organizations, such as po...
ICTSI upgrades Filipino terminal for larger containerships Source: ICTSI The first three of the five post-Panamax quay cranes capable of handling 13,000-TEU vessels are scheduled for delivery in earl...
IEA expects growth of marine scrubbers after 2020 The International Energy Agency has forecast a rapid climb in the number of shipowners using scrubbers to clean their emissions after global marine sulfur limits are cut in 2020
External: Praxis Energy Agents S.A
Dry dock interruption to Maersk-Quadrise fuel test Quadrise is developing an alternative, called MSAR(R), to heavy fuel oil which is used in the shipping, refining and power generation markets
External: Wired Bunkering
Vitol buys Turkish fuel supplier Petrol Ofisi Vitol bought the company from Vienna-based OMV for Eur1.368 billion ($1.45 billion)
PORTUGAL DATA: 2016 Fossil fuel demand down 0.7% Refined product demand slipped 1% year on year to 7.5 million mtoe due to reduced demand for bunkers, LPG, gasoline and refinery coke.
External: Global Risk Management
Crude dips on higher rig count, rebound in US dollar Baker Hughes data released last Friday reported that the domestic oil rig count rose by seven to 609 active rigs as of March 3.
Libya's crude oil output falls as militants seize eastern oil export terminals The Benghazi Defense Brigades seized control Saturday of the 220,000 b/d Ras Lanuf and 447,000 b/d Es-Sider oil export terminals.
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