MOL tanker grounded on US West Coast No reports of personnel injuries or environmental damage after ship ran aground earlier today.
Navigator Holdings signs new debt deals Handysize and midsize gas ship owner has newbuildings to pay for this year.
Bank brings distressed supramax to Wisdom at bargain price
Law firm warns on Jones Act foreign rebuilds Ruling from regulators suggests change in criteria for approving repairs at non-US shipyards.
New Chinese name emerges with confident debut deal A low-key Chinese dry-bulk player emerges with open-hatch bulker duo as her links to the financial empire of the of Macau casino giant Stanley Ho are revealed
Erasmus and Minsheng Trust team up on capes John Su-led outfit continues to expand its dry cargo fleet with new lease finance partner
Hafnia Tankers denies return to China's CSSC OME yard for MR newbuildings
Aegean continues clear-out of older tankers
BW Group dives into LR2 sector with Daehan deal Contract for up to eight ships marks group's second move in newbuild market in 2017
Owner puts up private cash to cover employee embezzlement A resigning employee was caught embezzling $4.6m from Shanghai-listed bunkering tanker owner Lonyer Fuels and now the owning family is putting up its own cash to shield other shareholders from losses.
Atle Bergshaven to pay $29m for Bergshav stake
Valero leads way for US refiners into Mexico's gasoline market Bid to build marine storage facilities underscores growing seaborne market between US and Mexico
New era dawns for Asia trades to New York The raising of the Bayonne Bridge is tempting carriers to deploy larger vessels, but threatens freight rates on a key trade.
Neu charters second big ship to Texas Gas & Oil Low rates and ample vessel supply push Bahamas-registered LPG distributor to step back into chartering market
Cyber attack to cost Maersk more than $50m
Lines in charter charge for big vessels at bargain rates Analysts perplexed by flat market as demand for neo-panamax boxships picks up
Hanseatic Unity is 'a price-taker not price-maker' Lines operators have nothing to worry about as tonnage provider plays downs what impact it can have on the market
Five big boxship owners unite to create 200-ship chartering giant Two new partners link up with Hanseatic Unity Chartering to forge a partnership of 'like-minded owners' able to service the merging mega-liners
Bulker and tanker spending spikes in first half of 2017 Listed dry cargo owners lead the sale-and-purchase market while both public and private tanker firms seek bargains
Shipping can't follow Trump's lead and slow-steam on climate change The US president may be able to ignore the effects of global warming. Other world leaders don't have that luxury, and nor does our industry
Judge keeps shackles on Cosco ship in battle with GO Shipping
Warring sides in OSV chartering dispute turn to US appeals court Harvey Gulf International Marine and Hornbeck raise 'novel question' of lien law for offshore service companies in US Gulf waters
Debate over recycling of floating offshore structures NGOs, unions and politicians bid to make sure decommissioning of offshore fleet is done to high safety and environmental standards
Golar LNG celebrates being first to convert gas ship into floater
Scrap market slump confirmed Demolition volumes are down but activity is expected to pick up again as uncertainty in Asia is resolved
Njord venture raises capital to buy Turkish chemical tanker
MOL gives insight into Yamal project shuttle ship coup
Owners rush for Pertamina time charter
Golar primed for multiple LNG carrier deal with Gail Other owners also in the mix but Indian gas buyer is expected to return for second helping that could lift its haul of chartered tonnage to eight ships
K Line set to manage up-for-sale BP LNG carrier
Spot fixtures flatten but signs of tighter market emerge
Qatar scraps plan for more Q-ship engine conversions Dry-docking deadline passes on retrofit project for Q-max and Q-flex fleet amid concern that vessels will be too old to reap the full benefit
Mitsui aframax sale attracts interest from multiple buyers
Merger lays foundation for a bright future, says Kennedy Marr
Japanese group set to sell more vintage VLCCs
Kennedy Marr pulls Maersk into subsea arena After snapping up UK specialist, Maersk Broker wants to focus more sharply on offshore advisory services
McDermott primed for growth with 80% boost to credit line
China looks to reduce logistics costs China is taking measures to reduce logistics costs and improve logistics efficiency, according to the State Council of the People's Republi...
Intermodal rates continue to rise, but at a slower pace Intermodal pricing in May 2017 continued to expand, but the pace of growth slowed, according to the latest Cass Intermodal Price Index repo...
Truckload rates stabilize in May Truckload rates stabilized in May 2017 after April put a stop to a 13-month free fall in pricing, according to the Cass Truckload Linehaul ...
Daseke continues North American expansion with Steelman purchase Flatbed conglomerate Daseke, Inc., has acquired The Steelman Companies for an undisclosed price, the company said in a statement. The acqu...
AAR: U.S. rail traffic picks up steam in June Total freight rail carload and intermodal originations in the United States totaled 2.18 million in June 2017, an increase of 4.5 percent f...
Port of Redwood City, Cemex re-up with 10-year deal The Port of Redwood City and Cemex Aggregates (Cemex Construction Materials Pacific, LLC) have inked a new 10-year lease on 8.2 acres of ma...
Report: Yildirim to sell 24% stake in CMA CGM Turkey's Yildirim Holding, chaired by Robert Yuksel Yildirim, has decided to sell its 24 percent stake in CMA CGM, according to reports fro...
COSCO expects $272m profit for first half 2017 COSCO Shipping Holdings expects a profit of 1.85 billion yuan (U.S. $272 million) for the first half of 2017, fueled by an improved shippin...
Executive Moves: Virgin Atlantic Cargo and SLSI Source: Pressmaster/Shutterstock Virgin Atlantic Cargo names head of global accounts and regional sales manager for the United Kingdom, whil...
Oil complex strength sapped in late trading as US output rebounds NYMEX August crude settled up 39 cents at $45.52/b, below its intraday high of $46.53/b. ICE September Brent settled 32 cents higher at $48.11/b, after touching $49.18/b at one point.
OIL OUTLOOK: Americas bunker markets expecting more low prices in H2 2017 - Negative margins prompt 'desperation' in Gulf Coast bunker market - Industry hoping for more clarity on roadmap to 2020 IMO sulfur cap
High export demand constrains bunker availability at Piraeus: sources Bunker fuel at Piraeus, Greece, was tight Thursday following high allocation of material for exports, bunker sources said Thursday.
US DATA: EIA says US fuel oil refiner yields and production at new 2017 lows US fuel oil production fell 19% from the week prior and the largest week on week decline since the week ended June 6, 2014, when it fell 21%, the data showed. The EIA data has been collected since the week ended August 20, 1982.
External: Praxis Energy Agents S.A
Shipping emerging from doldrums despite higher 2017 bunker prices: Moody's The shipping industry has laid the foundations of a turnaround, which is unlikely to be derailed by possible higher bunker prices, ratings agency Moody's said in its 12-month outlook on Thursday.
Mixed bunker availability at Malta following surge in premium over benchmark Supply of bunker fuel at Malta was heard mixed Thursday, amid a year high in the assessment's premium over the regional high sulfur fuel oil benchmark.
External: Wired Bunkering
ANALYSIS: Geopolitics and regulations - twin headache for bunkers in H2 2017 - Blending set to make fuel quality management more complex - MFMs unlikely to completely eradicate quantity disputes - Industry consolidation to continue as margins shrink
FUTURES: Crude recovers on short-covering after overnight crash
Bureau Veritas' new rules expected promote ESS, help shipowners cut emissions Electric power provided by an ESS can be used to reduce or eliminate emissions.
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