Now is the time to buy product tankers, says Eddie Valentis Pyxis poised to grow fleet of four MR2 carriers
Star Bulk back on the acquisition trail Bulker owner buys two 2013-built kamsarmaxes for $30.3m
Bertram Rickmers ready to bail out holding company Hamburg owner ready to pump in own cash to avert collapse, says chief executive
Oil product demand forecast to top 100m bpd mark in 2019 IEA brings good news to owners as spot medium range rates firm up
Panamax bulker earnings up 20% on South American and Pacific boost BDI rises above the 1,000 mark as outlook brightens on China import news
Shipping suffering 'worst market for 30 years, maybe longer' Shipping market downturn and low interest rates challenge marine insurance sector
Authorities order vessel to leave New Zealand waters over biofouling fears Panama-flagged vessel must have its hull cleaned before re-entry is allowed
DP World wins all UK port calls from The Alliance Dubai-based port operator will exclusively serve the Hapag-Lloyd-led alliance's Far East and transatlantic services in the UK
Do not rush to install ballast water treatment systems, warn experts Not all systems are approved yet for use in US waters
MPA plans data and analytics lab to boost Singapore hub status Initiatives to aid research and development as well as manpower and productivity
Cosco Shipping's leasing unit borrows $217m from associate bank Move comes shortly after $187m sale and leaseback deal with Golar LNG
Box shipping industry warned of tough choices in year ahead Carriers must continue to drive down costs via consolidation, limit fleet growth and maintain freight rates, says Alix Partners
Middle East shipping industry calls for government help in financing Governments can play a big role in taking the lead in encouraging banks to support the industry
Seanergy expects $11.4m gain from early credit facility termination Transaction expected to be completed by the second or third quarter of this year
Korea Line Corp inks charter deal with S-Oil Contract replaces previous Hanjin agreement with the oil company
TV show takes AIDA ship to task on soot Cruiseship emissions come under scrutiny, but owner says tests not reliable.
Artemis reverses course on BW LPG stake UK-based fund manager buys back into largest VLGC owner after earlier disposal.
Global Marine buys Maersk cable layer UK outfit buys Maersk Recorder to support telecoms installation business.
Coast Guard shipping missions face risks from Trump proposal US administration aiming to slash $1.3bn from agency's budget, which experts say could impact shipping safety missions.
Pilot says 'slow down' before Carnival prang No injuries or pollution reported, but passenger walkway and cars damaged.
Pyxis on the prowl as asset values near bottom Chief executive says owner is looking for acquisitions and will use capital markets to back tanker buys.
Black Sea suezmax rates jump 84% in one day Thin tonnage list in eastern Mediterranean sends rates up 33 WorldScale points since Monday.
Owners take PDVSA to court over fees Liberian companies target cash-strapped Venezuelan major in St Maarten suit.
Star Bulk spends $30.3m to end drought Greek owner confirms addition of bulkers in first purchase since 2014.
Toisa's arrested tanker fixed for spot voyage Bankrupt vessel owner touts viability of continuing operations under Chapter 11 filing.
SEA\LNG confirms pact with SGMF LNG alliance joins forces with gas society targeting the promotion of LNG as shipping fuel.
Quintana draws the curtain on US IPO Greek bulker owner officially pulls papers relating to a listing effort launched in 2014.
Diana Shipping gets pay rise for panamax Greek bulker owner charters out 2005-built ship to Transgrain for 11 to 14 months.
Ships warned of Houthi mines off Yemen US intelligence office says bombs placed near Mokha port by rebel forces.
Ezion in talks to take over Swissco rigs Troubled Singaporean company is trying to reach a settlement with compatriot partner.
Dirty bulker barred for a second time Fiji prevents ship from entering its waters for cleaning after New Zealand expulsion.
3 Maj shipyard profit plunges Croatian shipbuilder's annual result down 77% despite revenue hike.
Sunken ferry repaired and sold off Germany's Cassen Eils takes over Wega II after accident last year.
Utt steps up to replace Day in Teekay chair Long-serving Sean Day to remain director in move that follows departure of Peter Evensen as chief executive.
Boskalis hit 'low economic tide' in 2016 Dutch dredging and offshore company sinks into the red amid tough market conditions.
Corsica Linea ferry smashed by wave Water damages engine and navigational systems off France after window broken.
Lindblad loss grows in fourth quarter US cruiseship specialist hit by higher costs as 2016 profit cut.
Vigor Industrial shuts down Everett yard US shipbuilder ending lease early on Washington facility.
Trump's travel ban threatens seafarers Crew from six designated countries entering US ports could face problems.
DVB loan allowances hit $668m for 2016 But German bank says shipping markets should not get any worse this year.
Captain heading home in magic pipe case Aegean Shipping master sentenced to time already served for US oil dumping offences.
Port of Long Beach's box volumes sink in February Source: trekandshoot/Shutterstock The Port of Long Beach handled 498,311 TEUs in February. The Port of Long Beach saw February box volumes ...
Norway to construct world's first ship tunnel After a century of deliberation, Norway has given the green light to build the world's first ship tunnel. The 1.7-km tunnel will cost an e...
Ports of Stockholm inks deal with Hutchison Ports Hutchinson Ports has signed a formal contract with the Ports of Stockholm to operate the new container terminal at Norvik Port. The termin...
FMC approves changes in service contract, NSA regulations The Federal Maritime Commission (FMC)voted unanimously this week to amend its rules involving service contracts entered into between liner ...
Introducing TradeTracker - A new tool to track Washington's stance on trade CLICK TO ENLARGE There is a difference between what is being said and what is happening in Washington, and for that matter, in capital citi...
Judge grants Maher Terminals, GPA approval to sell Hanjin containers Judge John K. Sherwood of the U.S. Bankruptcy Court in Newark, N.J. said both Maher Terminals and the Georgia Ports Authority (GPA) can for...
Port of Baltimore sets record in January The Port of Baltimore started 2017 with a record month, the Maryland Port Administration (MPA) said Monday. The mid-Atlantic port handled ...
Deutsche Post DHL aims to reduce emissions Deutsche Post DHL Group aims to reduce all logistics-related emissions to zero by the year 2050. This endeavor comes in anticipation of th...
Seattle Times: BNSF settles federal coal dust suit BNSF Railway has reached a settlement agreement with plaintiffs in a federal lawsuit surrounding the transportation of coal and petroleum p...
Malta suspends bunker operations on bad weather: port authority "We are currently only providing bunkering in Area 4, no other areas are seeing bunkering," the spokesman said
FACTBOX: Heavy Q1 refinery maintenance in Europe, lighter in Russia
Piraeus bunker supplies tight on limited product, barges Some sources attributed this to limited output from the 180,000 b/d Motor Oil Hellas refinery
External: Wired Bunkering
FUJAIRAH DATA: Oil product stocks fall 3.3% on week to 18.88 million barrels Stocks of heavy distillates and residues totaled 9.61 million barrels, a fall of 1.4% week on week.
REFINERY NEWS: Iraq expands Kirkuk, plans new 70,000 b/d facility New unit will play an important role in covering local demand for refined products, such as kerosene and fuel oil.
Libyan militia to hand eastern oil ports over to NOC: reports
External: Global Risk Management
Brazilian crude threatens Oceania, Middle East suppliers' Asian market share Prompting Australian and Persian Gulf crude suppliers to slash selling prices.
Iraqi Oil Ministry condemns military force at Kirkuk oil facilities Rebuts claims that the federal government hasn't followed a bipartisan oil deal with Kirkuk province.
Doubts over Libyan oil output grow on fluid security situation Exports from Es Sider, Ras Lanuf halted; shipowners refuse to load ships from eastern ports.
Malta port hit by bunkering delay on poor weather conditions: sources Inclement conditions set to continue.
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