Angelicoussis greenlights first FSRU in new LNG spree Maran Gas adds optional second regas unit to original deal with DSME and orders two more carriers
Christmas cheer engulfs dry bulk owners Positivity expected to continue through next year as market is in balance, but participants need to refrain from newbuilding orders
BW LPG expects Marcus Hook exports to mainly benefit VLGCs Energy Transfer Partners' Mariner East 2 pipeline widely predicted to boost LPG tanker demand in 2018
Tanker owners optimistic over 2018 earnings prospects Scrapping and falling oil stocks could trigger market recovery, leading owners say
DryLog buys two Mitsui supramaxes Peter Livanos-backed company said to have exercised purchase options
Ridgebury Tankers confirms deal for four VLCCs Riverstone-backed firm looks at four-year investment span to sidestep regulatory hurdles
Asian shipbuilders join the IMO Ninety percent of global shipbuilders now have direct influence in the IMO
Period rates for tankers pressured by limited charter interest The S&P market is active, with several sale and leaseback deals seen
China consolidates its power in Top 10 box ports 2017 As part of our 2017 Top 100 most influential people in shipping series, we look at how China's dominance in the...
Daily Briefing As our recently published Outlook 2018 series showed, conditions are ripe for a sustained market recovery in many sectors -...
Shippers versus carriers: from confrontation to collaboration Relations between carriers and shippers have been strained in the past, but with renewed effort there is scope to bring...
Vitol to take Latvian Shipping private Extraordinary shareholders' meeting to be held on December 20
Australia provides $78m to integrate maritime safety services Government funding over a 10-year period to help shipping transition to a national system versus state-specific, with the Australian Maritime...
Samsung Heavy Industries to raise $1.4bn through share offering Part of the proceeds will go toward paying off corporate bonds and other debt maturing in 2018
MOL secures approval in principle for LNG-powered bulker Vessel is designed with the LNG fuel tank at the stern to optimise cargo capacity
Chinese ports set for boost from robust global trade and sector consolidation Government-driven consolidation of Chinese port sector is nowhere near the end, says OCBC Research
Shipping industry groups call for ban on carriage of high-sulphur fuel oil A ban on the carriage of fuel oil with content exceeding 0.5% sulphur will help prepare for the full implementation...
Aluminium demand to grow 4% a year over next five years, says Rio Tinto Improved demand scenario likely to continue over a 15-year span and present opportunities for dry bulk vessel owners
DSME fined for late issuing of subcontractors' contracts Shipbuilder issued a total of 1,143 contracts only after subcontractors had started work
Sembcorp Marine unit inks pact with Shell for floating production facility Vessel will be deployed to the Mississippi Canyon in the US
IACS chairman reiterates call for pro-investment rules to boost new technology adoption Association in the process of adapting regulations to new requirements and removing regulatory barriers, says Knut Ørbeck-Nilssen
Grupo TMM to spin off indebted subsidiary Mexican shipowner to sell 85% of its interest in TMM Division Maritima to remove subsidiary's debt from balance sheet.
Solvang shareholders tender to Steensland Latest offer from group backed by chairman receives nominal interest as market price above offer.
Pyxis Tankers plots new $4.8m equity raise New York-listed tanker owner looks to offer stock to private investors, possibly to lower debt.
China's ICBC sale-leaseback book hits $10bn Popularity of sale-leasebacks is fueling growth of Chinese lessors, says ICBC executive.
obensmith shares lessons from bulker market 'depression' Genco Shipping chief guides on the right levels of debt and dividend payments.
Crowley realigns shipping and other units Closely held company looks to restructure units to better focus company on different segments.
Saverys: 'If you can't stand over ordering, leave shipping' CMB chief Alexander Saverys says continued recovery in dry bulk will depend on demand.
GTT gears up for LNG fuelling future French cargo containment system designer buys Singapore-based Ascenz.
Craig Stevenson: '2018 is a turnaround year' Financial and then freight markets are set for a comeback, Diamond S chief says.
Indian tanker tenders "not workable" Domestic owners say floating rates will deter banks from lending.
James Fisher snaps up engineering company UK shipowner spends $12m on wind farm operation EDS HV.
Volatility and liquidity key to Burke's VL buys Ridgebury chief executive tells TradeWinds why the company has bought four early 2000-built tankers.
Magseis snags third Red Sea extension Oslo owner signs further deal with Saudi Aramco.
CNOOC plans to use LNG ships for storage Two on-charter LNG carriers set to provide emergency back-up to prevent gas shortages
EU approves CoscoCS's OOCL takeover $6.3bn containership deal clears another major regulatory hurdle.
Ro-pax owner Color Group plots IPO Norwegian ferry company eyes Oslo listing to grow operations and cash in on leisure boom.
Maersk Line securing higher rates for 2018 CCO Vincent Clerc says a number of renewal increases have been negotiated so far.
SMM: three in 10 owners plan new orders in 2018 Maritime survey suggests increasing prospects for fleet renewal investment amid "light at end of tunnel".
Cocaine seized from Klaveness boxship $248m Spanish haul hidden in cargo of bananas from Colombia.
TNG hurt by spot costs in third quarter Croatian MR owner says profit lower despite higher revenue.
Owners tear up three EMAS bareboat charters But Singapore operator trying to negotiate new deals for PSVs and AHTS.
Danske Bank cuts Norway's Odfjell Lower rating comes amid the belief tanker market recovery will take some more time.
Thorco Projects expands into dry-bulk Danish multi-purpose/projects cargo specialist Thorco Projects is moving into the dry-bulk realm with the launch of a new handysize division.
Boa Offshore eyes further layups Two OCVs could be stacked if no new contracts are won next year.
Western Shipyard buys Marine Technology BLRT-owned yard takes over cable transport systems supplier.
3 Maj yard wins cruiseship order Croatian builder to construct polar exploration vessel by 2020.
Vitol taking Latvian Shipping private Trader and shipowner to delist Riga product carrier company after building stake to 91%.
Japanese LNG-powered bulker design secures AIP MOL to forge ahead with the cutting-edge concept, but no timetable for newbuildings.
Samsung Heavy Industries plans rights issue South Korean shipbuilder says proceeds from fund raiser will improve its financial status.
Glomar Offshore seals charter for standby vessel Dutch shipowner says contract signifies its worldwide capabilities and global approach
Maersk-Hamburg Sud tie-up to benefit Singapore Container throughput and flag set to benefit from takeover, says Danish owner's top executive.
CBP envisions 'four-lane road' ahead While U.S. Customs and Border Protection's basic responsibilities with regard to cross-border trade-security, enforcement and facilitation-...
NLRB: Pasha culpable for shipbuilding labor contract violations The National Labor Relations Board (NLRB) has upheld a labor union complaint against transportation and logistics company The Pasha Group a...
Lineage acquires eight LA-area warehouses International warehousing and cold chain specialist Lineage Logistics, LLC has acquired eight temperature-controlled warehouses from Los An...
CBP's next ACE post-release deliverable set for Dec. 9 U.S. Customs and Border Protection (CBP) will roll out the second deliverable of post-release capabilities in its new umbrella system on De...
NCBFAA to FCC: Brokers aren't importers of RF devices The National Customs Brokers and Forwarders Association of America (NCBFAA) has filed a petition with the U.S. Federal Communication Commis...
IATA: Air cargo growth expected to continue in 2018 Global airfreight in 2018 is expected to see continued gains in both cargo volumes and profits, according to forecasts from the Internation...
Construction crews complete 515-foot towers for new POLB bridge State, local and federal officials, along with construction crews, came together Dec. 5 to mark the milestone completion of two 515-foot-ta...
St. Johns Riverkeeper pushes to postpone JaxPort dredging The St. Johns Riverkeeper filed a motion for preliminary injunction on Monday to postpone the first phase of the impending St. Johns River ...
Iraq completes new southern export pipeline Iraq's State Company for Oil Projects, of SCOP completed the construction of a new pipeline to transport up to 1.5 million b/d of crude oil from the country's southern oil fields to its export terminals, giving it increased flexibility in exports.
Oil market to remain oversupplied despite OPEC rollover: IEA's Atkinson The global oil market will remain oversupplied in the first half of 2018, and on average oil supplies will continue to exceed demand, despite the OPEC-led move to extend production cuts until the end of next year, the International Energy Agency's chief oil analyst told S&P Global Platts Wednesday.
Nigerian oil output up marginally in November, trails target for 2017: oil ministry Nigeria's oil production including condensates rose to 2.044 million b/d in November, up from 2.03 million b/d in October, according to estimates Wednesday by the country's petroleum ministry, indicating that the West African country may not be able to meet its 2.2 million b/d output target set for this year.
EIA says residual fuel oil stocks hit five-year low US fuel oil stocks ended the week at their lowest levels in more than five years, US Energy Information Administration data showed Wednesday.
NYMEX cracks weaker after EIA data shows product builds NYMEX product cracks led the oil complex lower Wednesday after US Energy Information Administration data showed larger-than-expected builds in gasoline and distillate stocks last week.
Par Petroleum CEO says Hawaii refinery well-positioned ahead of spec changes Par Petroleum has been successful in leveraging the Mid-Pacific location of its 93,500 b/d Hawaii refinery, sourcing crude from multiple locations and seeing higher demand for diesel and octanes going forward, Par Petroleum CEO Joseph Israel said in an interview.
Istanbul bunker premium to benchmark at six-week high despite moderate demand The premium of bunker fuel at Istanbul over the regional high sulfur fuel oil benchmark has reached its highest point in six weeks amid a soft HSFO market, sources said.
External: Marine Bunkering(Rotterdam)B.V.
External: Wired Bunkering
France's Total inks deal to supply LNG bunker to CMA CGM's 9 new box ships The deal covers the supply of about 300,000 mt/year of LNG fuel for 10 years starting 2020.
TANKERS: Baltic Handysize freight rallies to 3-month high The Baltic-UKC route for 30,000 mt cargoes rose to Worldscale 180 Monday afternoon, up w25 from Friday.
FUTURES: Crude falls on higher US gasoline, distillate stocks
TRADER NOTE: Vitol's head North Sea trader Rod Crozier to retire Crozier was expected to step down in January.
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