Genco looks to exit from panamax segment Bulker owner wants to focus on capes on the back of growing iron ore trade, and supras and ultras for...
What does $6.3bn buy? Why did the Tung family decide to sell up, and why was Cosco prepared to pay such a premium for...
Supramax bulker earnings dip on sluggish Pacific and Atlantic Rates may be boosted in coming weeks on grains from South America and Black Sea
Booming Libyan and Nigerian oil exports fail to lift mid-sized crude tankers Baltic Exchange's aframax TCE hovers around six-year low on general oversupply and Caribbean sluggishness
Yard Talk | Yangzijiang's 80/20 rule Chairman of China's largest non-state yard anticipates further consolidation in weak markets
Port Hedland's iron ore exports to China slip slightly Overall Chinese imports of iron ore rise
Claims against bankrupt Hanjin Shipping top $10.5bn Hanjin creditors hear grim news about the scale of failed line's debts
Topaz inks $100m contract with Dragon Oil Offshore support vessel owner and operator to supply six ships
Zeaborn takes five more Rickmers ships Rickmers-Linie buyer takes ownership of five multi-purpose vessels operating the line's Pearl String service
India aims to have Iran's Chabahar Port up and running by 2018 Civil construction works have already started on the port's premises
JICT strike ends earlier than expected Union head said to have made decision based on the national interest
Container chemical spill at Long Beach injures 12 dockworkers Leaking tank moved to a containment area
Asian gas demand supports LNG vessel spot rates South Korea's turn to review LNG destination clauses will expand trade opportunities
ICTSI first-half container throughput rises 7% Higher volumes due to ramp up in Iraq, new services in Mexico and new terminals in Congo and Australia
Navigator focuses on petrochemical sector in second half of 2017 Group notes weak earnings across all gas transportation segments
Eagle Bulk narrows loss and continues fleet modernisation Eagle delivers best quarterly results since its corporate reorganisation despite an $5.9m loss
Yangzijiang's shipbuilding revenues boosted by larger-sized newbuildings Group expects growth in e-commerce and China's Belt and Road initiative to be long-term drivers in the containership and dry...
Daily Briefing
Genco narrows losses on lesser impairments and improved freight rates Results also helped by $1.3m gain on the sale of a vessel during the period
Crude tanker markets in four charts Mid-year outlook: Fleet growth outweighs modest oil demand expansion as rates remain in the doldrums
DHT beats on bottom line, but misses on top Results reflect ongoing swoon in tanker market as 27 of its VLCCs remain in the spot market.
Navigator looking past weak LPG markets Chief executive says company is in 'love' with joint venture for ethylene terminal.
Panama's government approves new ship tolls Newest rates seek to incentivise greater usage by containerships, but gas carriers will pay more.
Lukoil-chartered tanker faces US arrest Ship agency claims unpaid bills from tanker owned by Nicholas Moundreas-backed company.
Earnings beat drives NCL shares to year high Shares pop after cruiseship owner raises outlook, bringing market cap to $14bn.
With warchest, Genco in position to strike New York-listed bulker owner's $180m in cash allow it to seek growth opportunities, executive and analyst say.
Latvia to sell its LSC shares to Vitol State decides to offload tanker company stake to majority owner for $17m.
Epic Gas sells oldest LPG carrier to FGAS Singapore gas carrier owner widely reported to have sold fully pressurised vessel to Vietnamese rival.
Glovis set to exit Wilhelmsen Treasure chest? DNB Markets believes a separate division could fill the Oslo listed vehicle.
Eagle Bulk boss sees bid-offer spread narrowing for bulkers Gary Vogel says there are plenty of ships to purchase and limited downside to asset values.
Samsung Heavy unveils new safety plan Korean yard responds to concerns after crane collapse killed six workers in May.
Samudera Indonesia plans stock split 20-for-one expansion aims to boost boxship owner's liquidity.
Eagle Bulk confirms sale of sister ships Disposals come as dry cargo specialist continues fleet renewal exercise.
Norwegian Cruise Line beats estimates as outlook brightens New York-listed cruiseship owner lifts guidance for 2017 as sentiment surges.
SwissMarine sticks with Genco capesize Earnings report shows Geneva operator renews charter of 10-year-old Genco London.
KTB/KDB fund targets initial $300m Scope of new Korean ship finance project could be widened further.
US coal trade helps dry but will fire keep burning? A resurgence in US coal exports is providing a boost for the dry cargo market but opinion is split on how long the trend can be sustained. Shipments out of the US crashed to the lowest level since the 1970s in the third quarter last year but the trade is returning to become a "dominant player" once again, according to Bimco's Peter Sand. Bulker rates running at three month high "A rising US coa
Crewman airlifted from Greek reefer UK coast guard evacuated seafarer who fell five metres from crane in Falmouth.
Topaz bags "critical" $100m Dragon contract Dubai-based owner claims to have the highest revenue backlog in the industry after new deal with ENOC.
Crowley boosts Central American services US owner starts fixed-day weekly runs to Costa Rica and Panama.
Analysts survey NAT's dividend and fleet renewal routes Additional OSV shares expected to be handed out with scrap sales suggested for oldest vessels.
Prosafe lays up another floatel Cypriot owner sends Safe Concordia to Curacao after Petrobras charter expires.
HOS still a sell as profit dips Clarksons Platou says offshore owner's result highlights tough US Gulf market.
Zeaborn adds five from Rickmers Holding Expanding German owner says latest deal will ensure independence from third-party tonnage.
Hanjin Shipping sales fail to plug $10.5bn hole Creditors a long way from being repaid following raft of asset sales.
Mayer Brown poaches Clyde & Co lawyer Ship finance man Conor Warde to become partner at Hong Kong practice.
IHI yard profit boosted by FLNG Japanese group says earnings rise fourteen-fold in first three months.
Chelsea poised to pounce following Manila debut Dennis Uy tanker and ro-pax company in advanced talks with shipowners over acquisitions after completing $116m IPO.
Yangzijiang sees order tally surpass 2016 level Singapore-listed Chinese shipbuilder also reports 73% rise in second quarter profit.
Miclyn ties up DSV vessel for two years Indonesian flagged vessel set for deployment in Asia Pacific region until 2019.
Drunken Swire captain avoids jail time Pilots praised for prompt action as skipper of multi-purpose vessel escapes custodial sentence.
Navigator Holdings profit drops as expenses rise Handysize LPG carrier owner says petrochemical cargoes were main drivers of revenue growth.
OOIL back in black in first half 2017 Source: Shutterstock/VanderWolf Images OOIL, parent of container carrier OOCL, posted a $54 million profit in first half 2017. Orient Overs...
ZEABORN buys five cargo vessels from Rickmers Holding Bremen, Germany-based ZEABORN Group, an integrated shipping company operating globally in the maritime multi-purpose segment, signed contra...
Port of Oakland sells bonds to lower debt costs The Port of Oakland has finalized the sale of bonds to lower debt costs. The port's $324 million refinancing will save $44 million in debt...
Matson launching twice monthly container service to Tahiti Hawaii-based Pacific Ocean carrier Matson, Inc. is introducing a new extension of its South Pacific Express service, providing twice monthl...
U.S. DOT proposes nearly $79m in INFRA freight-related grant awards The U.S. Department of Transportation (DOT) has proposed nearly $79 million in grants for 10 freight-related roadway, rail and port infrast...
Crowley, King Ocean enter vessel sharing agreement Two long-time customers at Port Everglades in Broward County, Fla., have entered into a vessel sharing agreement they say will expand their...
WTO: Global merchandise trade on the rise Global merchandise trade growth will continue to strengthen in the third quarter of 2017, according to the World Trade Organization's (WTO)...
FMC reviews 21 OTI license applications The U.S. Federal Maritime Commission (FMC) has received 21 ocean transportation intermediary (OTI) license applications and changes for rev...
Seaboard Marine to commence twice-weekly service to Costa Rica Miami-based container carrier Seaboard Marine is enhancing its Miami - South Central America loop later this month by offering service to P...
CORRECTION: Japan's Showa Shell, Idemitsu Kosan buy spot crude jointly in Apr-Jun quarter Japanese refiner Showa Shell said Tuesday it has jointly procured crude oil on a spot basis with Idemitsu Kosan during the April-June quarter under their alliance announced in May.
Six tankers waiting to discharge in Venezuela pending payment from PDVSA Six oil product tankers are docked at the Paraguana Refining Center (CRP) marine terminals in northwestern Venezuela awaiting payment from facility operator PDVSA before they discharge, according to a technical report Tuesday.
Oil dips as consolidation continues following July rally The oil complex fell slightly Tuesday as efforts by Saudi Arabia to cut global supplies continue to be offset by greater production in the US, Libya and Nigeria, keeping prices in a tight range.
REFINERY NEWS: Shell's Pernis restarting 'a number of units' Shell said previously operations were not expected to restart before the second half of August.
External: Wired Bunkering
Singapore 500 ppm sulfur gasoil cash differential nosedives into discount on weak demand "I guess Indian buying has truly dried up .... and [there are] more [exports from] Essar Oil," a trader based in Singapore said.
Six LNG bunker vessels to operate by end of 2017: SEA\LNG These vessels are key to increasing demand for LNG as marine fuel and delivering it to shipowners in a normal way.
FUTURES: Oil dips on Libyan field restart; OPEC/non-OPEC meet eyed
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