RBS writes off $170m shipping debt and hints at more pain for UK taxpayer Extra half-billion dollar-plus 'forbearance' currently getting lawyered
Asian LPG price rise offers glimmer of hope for VLGC owners Spot earnings from Middle East to Asia are near their lowest since the financial crisis
Xiamen port tightens controls on ships ahead of summit LNG carriers, oil and chemical tankers are banned for almost a week
Essar inks joint venture to develop coal terminal in Mozambique Project aims to increase country's coal-handling capacity by 20m tonnes per year
Korea's 14 container shipping lines to form national alliance Korea Shipping Partnership aims to start full operations by 2018
Vancouver rides North Pacific growth wave Canada's principal western gateway is growing in stature as a maritime cluster, but faces hurdles to ensure the growth is...
Foreign exchange losses hit Hutchison results Box throughput jumps 3% but is unable to lift terminal operator's earnings
HMM mulls vessel additions on transpacific route Potential move in response to high US demand period expected over August-October
Intermarine shuffles leadership Chief executive steps down effective immediately
Gerry Wang gets $12m golden handshake from Seaspan Former Berkshire Hathaway executive David Sokol leads search for new chief executive with a 20-year horizon
APMT to offload Dalian box terminal stake for $18m Total consideration to be paid in two equal instalments
Qinhuangdao Port Co launches $194m IPO Proceeds will be used to finance construction of a new ore terminal, buy equipment and repay bank loans
Precious Shipping narrows losses but warns of market crunch Improved sentiment leads shipowners to hold off scrapping older vessels
Lloyd's List launches awards for South Asia, Middle East and Africa African achievement will feature equally strongly in the awards, which will highlight the regions' best and brightest from the maritime...
Australia fines NYK $20m for anti-competitive behaviour Japanese shipping line found guilty of criminal cartel conduct in the ro-ro market
Trojan Maritime bulk carrier banned from Australian ports A bulk carrier vessel owned and operated by Greece-based Trojan Maritime has been banned from Australian ports for six months after the shi...
CEVA ups revenues amid higher volumes in Q2 2017 Photo Courtsey: Ceva Logistics CEVA Holdings, LLC recorded revenues of $1.7 billion for the quarter, up 3.3 percent year-over-year. CEVA Ho...
Nine missing after vessel collision on Amazon River Nine people have gone missing in a collision between containership Mercosul Santos and a tug boat on the Amazon River early Wednesday morni...
South Korea's 14 container carriers to form shipping consortium Photo: Sheila Fitzgerald South Korea's 14 container carriers will reportedly form the Korea Shipping Partnership in hopes of restoring the c...
COSCO Ports enters into merger agreement with Dalian Container Terminal COSCO Shipping Ports Ltd. has announced an agreement with Dalian Container Terminal that will merge the three terminal operators at the Por...
Great Lakes iron ore shipments jump in June, July Shipments of iron ore on the Great Lakes and St. Lawrence Seaway increased 16 percent in June 2017 and 14.7 percent in July, according to t...
CSX hazmat train derails in Pennsylvania At least 32 CSX rail cars, some of which contained hazardous materials, derailed early Wednesday morning in Handyman, Penn., causing a prop...
Special Coverage: CBP's e-commerce conundrum Photo: WILLIAM POTTER / SHUTTERSTOCK.COM The rise of e-commerce has created a brave new world for consumers and the companies that seek to ...
Keeping your 'EDGE' The longtime Council of Supply Chain Management Professionals (CSCMP) was looking for a way to distill all the thought leadership, innovati...
Valero deal the latest move in Mexico's liberalization of refined products Valero Energy's deal to export gasoline, diesel and jet into new port facilities in Veracruz, Mexico, now under construction by IEnova, is the latest mvoe in the country's liberalization of its energy policy, giving Valero a strong footing to compete against state Pemex in the key central region.
Rotterdam HSFO Sep-Oct barge spread hits record high on arbitrage buying The premium of September FOB Rotterdam 3.5% fuel oil barge swaps over the equivalent October contract rose to a fresh record high Friday afternoon, trading at $3.00/mt on the Intercontinental Exchange.
W&T sees drill success, grows output at its US Gulf of Mexico Mahogany field W&T Offshore, one of the few pure-play US Gulf of Mexico operators still around, placed a key well on production at its legacy subsalt Mahogany field in the second quarter and is drilling yet another well there with results expected by the end of the year, the company's CEO said Friday.
Oil inches up after data shows US unemployment rate falls Oil futures edged higher Friday after the release of a strong monthly US jobs report, but the upside remains stymied by the continued recovery in output in Nigeria and Libya as well as the steady rise in US shale production.
Gazprom Neft Marine Bunker boosted H1, 2017 bunker fuel 16% in NW Russia Russia's Gazprom Neft Marine Bunker sold 516,800 mt of bunker fuel in North West Russia in the first half of 2017, up 16% on the year, the company said in a statement Friday.
Sri Lanka's bunker sales up 10%-15% after India brings in new tax Bunker sales at Sri Lanka's Colombo and Trincomalee ports have seen a 10%-15% increase since India introduced its Good and Services Tax in July, trade sources said.
OPEC JULY OUTPUT HITS 2017 HIGH OF 32.82 MIL B/D ON LIBYA RECOVERY: PLATTS Libya's continued dramatic recovery from civil strife pushed OPEC's July output to yet another 2017 high, with the bloc producing 32.82 million b/d, according to the latest S&P Global Platts OPEC survey.
Singapore 180 CST cash differentials fall to 13-month low on ample supply Supplies of cutter stocks and lower viscosity fuel oil plentiful in Singapore.
Fuel oil hi-lo spread falls into negative territory on weak LSFO market The LSFO supply glut has largely stemmed from refineries opting to run light sweet crudes.
OPEC COMPLIANCE AT 114% FOR 12 MEMBERS WITH OUTPUT CAPS: PLATTS SURVEY But Libya's continued dramatic recovery from civil strife pushed OPEC's July output to yet another 2017 high.
External: Wired Bunkering
External: Marine Bunkering(Rotterdam)B.V.
Panama Canal Authority expects ongoing repairs to cause transit delays Super vessels can expect delays of one to two days, on both north and southbound transits.
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