Asia-Europe rates hold firm in wake of May GRIs With the SCFI reporting only minor market losses this week, is the east-west trade entering a new era of stability?
Lloyd's List names Kuganiga Kuganeswaran inaugural Tom Leander fellow Philosophy student to join multi-award winning team for prestigious three-month internship sponsored by Norton Rose Fulbright
Navios Partners continues to bulk up Japanese capesize is latest addition to expanding fleet
Chinese leasing humming in dry bulkers Owner-lessor joint ventures are proposed to invest in newbuilds
GasLog posts strong first quarter LNG owner unveils record revenues from expanded fleet and underlines confidence in a stronger 2017
Confusion reigns in Spain as ports await labour shake-up Maersk reveals it lost $13m from go-slows as content of proposed reforms is yet to be revealed to companies and unions
We want to be around when LNG market goes in right direction, says Stena Bulk boss Get through the tough times and there could be a pot of gold at the end of the LNG rainbow
Seablindness myth diverts us from the real issues at hand There is a good public understanding of the maritime industry's importance that we should use, says UK Chamber of Shipping
Carrier cost-cutting puts transhipment hubs at risk New study claims hard-up carriers will soon limit the number of hubs frequented, forcing ports to prove their network value
Awilco LNG slides deeper into the red But Norwegian gas carrier owner remains positive on longer-term outlook
Cosco Shipping to acquire 14 newbuild boxships rather than charter them Shipbuilding contracts reassigned to Cosco Mercury in $1.7bn transaction
Vessel attacks near southern Philippines quadrupled over January-March Militant groups blamed for the growing violence in waters around that region, says IMB
Hyundai Heavy Industries to shut Gunsan yard Move brings value of production from the suspended activities to $1bn for 2017 to date
Polaris to end on-site search operations for Stellar Daisy Inclement weather and the approaching winter cited as reasons
LNG carrier spot market rates rebound to $35,000 per day Spot market LNG carrier had fallen to $32,000 per day in April on slowing demand
DP World taps funds for $1bn logistics initiatives in India Terminal operator continues to target opportunities abroad amid subdued domestic traffic
MISC first-quarter profit hurt by LNG and petroleum segments But earnings from the offshore business helped offset declines in other segments
Attention deficit Will today's wonderful navigational systems make their users more or less complacent, tremendously alert, or bored out of their tiny minds?
New year, same old selective disclosure by Herbjorn Hansson Hansson trims NAT shareholding in familiar non-disclosure pattern
GasLog and Shell agree to rejig LNG charter No longer seasonally employed, ship will come off year-round charter in 2019.
BW Offshore suffers floater cancellation Oslo-listed floater owner still chasing $61.8m arbitration claim against Sinopec's Addax.
Algoma Central reports smaller loss Canadian shipowner saw revenue improve in its dry bulk unit thanks to salt cargoes.
Gener8 Maritime again linked to sales talk Reports of disposal of older suezmax may be running ahead of events, sources say.
GasLog sees FSRU contract win coming by fourth quarter Peter Livanos-backed LNG carrier owner aiming sees second floating project by year end.
Nigerian navy thwarts cargoship attack Crew retreated to citadel after gunmen boarded from speedboat off Bonny.
Frangou adds second cape in two weeks Navios Maritime Partners agrees to pay $28.3m for Japanese-built bulk carrier.
Jefferies: tide turning for Cosco Shipping Chinese container line tipped for more profit after positive first quarter.
GasLog back to black as it beats forecasts LNG carrier owner delivers positive result in the first quarter on the back of higher revenue.
Great Eastern falls to a loss Expanding Indian tanker and bulker owner hit by falling revenue in fourth quarter.
Fredriksen firms up Korean VLCC order John Fredriksen's Frontline has secured up to four VLCC newbuilding slots with Hyundai Heavy Industries in South Korea worth close to $320m in total. Frontline is understood to have firmed up an order for two firm ships with an option on another pair to be built at Hyundai Samho Heavy Industries. Sources close to the company say the firm ships are priced at just under $80m for delivery dates in
Rickmers Trust will not report results Winding-up company decides not to disclose financial details for the first quarter after selling its fleet to Navios.
Credit Suisse winding up bad bank by 2018 Swiss lender bringing forward the end of its legacy loans as losses fall.
Loss grows at Grupo TMM Mexican tanker and offshore vessel owner hit by falling revenue in first quarter.
Cosco Corp sells yards to parent for $212.4m Singapore-listed entity of Chinese giant prices the disposal of three facilities as loss deepens in Q1.
Deutsche Bank cuts loan provisions 56% German lender says first quarter figure was $146m as oil and gas improved.
BBC adds more capacity to US German heavy-lift and project player focusing on cargoes from the Med.
Clarksons: Hornbeck to need restructuring Analyst recommends selling US offshore owner's stock in downturn.
SeaBird could stack more vessels Restructuring seismic vessel player falls to loss in tough markets.
Awilco LNG enters talks with creditor Teekay Owner evaluating capital structure after losing $10m in first quarter.
Pacific Drilling loses $100m in first quarter But Idan Ofer-led drilling firm says it saw an uptick in tenders and inquiries versus 2016.
Sembcorp Marine future up for review Analysts speculate on future of shipyard group after parent announces plan for strategic review.
UMW Oil & Gas drops Icon and Orkim takeovers Malaysian firm says it needs to strengthen balance sheet before M&A activities can be pursued.
Jewo opts for bulker over boxship for scrap Company sending stainless steel to Asia for recycling using bulker for first time in 15 years.
G&W finalizes Pentalver acquisition Short line and regional railway Genesee & Wyoming Inc.'s (G&W) United Kingdom subsidiary, GWI UK Acquisition Company Ltd., acquired...
Two dead in West Virginia cargo plane crash The pilot and copilot of a small aircraft died Friday morning in a crash at Yeager Airport in Charleston, W.Va., according to multiple news...
Roadrunner nabs new funding, reshuffles management Roadrunner Transportation Systems, Inc. received a $540 million redeemable preferred stock investment from affiliates of private investment...
USCG investigates laser light incidents in Chesapeake Bay The U.S. Coast Guard is conducting an investigation on several laser light "strikes" aimed at commercial vessels in the southern Chesapeake...
Alert Gps introduces new ELD mandate compliance solution Alert Gps Inc. has launched a new electronic logging device (ELD) mandate compliance solution, dubbed the Alert ELD system, the company sai...
Former Delta, United exec joins Flexport Freight forwarder Flexport has hired the former chief operating officer of Delta Cargo, Neel Jones Shah, as its senior vice president and g...
SCFI falls 1.6% The Shanghai Shipping Exchange's weekly Shanghai Containerized Freight Index, based on estimated freight rates on 15 routes out of Shanghai...
COSCO to own ships, rather than lease from subsidiary Chinese state-owned ocean carrier COSCO SHIPPING Holdings Co., Ltd. will pay about $1.78 billion to have contracts for 14 containerships tr...
Budapest Airport handles record Q1 cargo volumes Budapest Airport handled a record 30,060 tonnes of cargo in the first quarter of 2017, up 32.3 percent on the same period last year; air ca...
Brazil's drought cuts LSFO supply to Europe: traders The last LSFO cargo from Brazil to arrive in Europe arrived this week, according to traders, and now no further arrivals are expected for at least a month.
Bunker supplier Geos Group adds barge in UK Geos has chartered the 6,535 dwt Thun Grace from Thun Tankers to replace a smaller vessel leaving its fleet, the Milford Fisher.
European LSFO complex strongest since Jan on seasonal demand, supply outages As most European LSFO production is concentrated in the Northwest, the larger pull from southern Europe has led sources to believe the market in both regions will continue to strengthen.
Interest in East-West fuel oil arbitrage remains high despite VLCC failures: sources Trading sources said the East-West arbitrage window has opened in the last few days but added that expensive VLCC freight rates may be hampering the economics for larger vessel sizes, pointing to several failed bookings in the past.
Handysize ULSD cargoes on the Baltic-NWE trip being loaded on LR1s: sources Two to three LR1s have been fixed so far, according to shipping and market sources.
REFINERY NEWS: MOL refinery margins grew in Q1; throughput up 7.6% The surge in margins reflected widening gasoline and diesel crack spreads in a year-on-year comparison, while the negative spread for fuel oil also narrowed on the year.
External: Wired Bunkering
Maritime insurers eye business opportunity as non-oil spills in sea rise The number of ships carrying HNS cargoes is growing steadily with more than 200 million mt of chemicals traded annually by tankers.
TANKERS: IMB piracy report marks first Somali hijackings after 5 years Kidnappings in the Gulf of Guinea, growing violence around the southern Philippines, and the first Somali hijackings after a five-year lull key highlights of IMB report.
FUTURES: Crude falls close to 2% amid short selling
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