Wilbur Ross sells nearly all Navigator shares US Commerce Secretary has reportedly fully divested from Diamond S, having come under fire for holding on to his shipping...
Singapore bunkers suppliers face hard choices in a harsher market Shipowners expect consolidation to create stronger counterparties as bunkering volumes are growing, but shifting market dynamics are forcing suppliers to...
Don't play games with seafarer training A worrying move to use virtual reality 'gamification' in training crew cannot replace old-fashioned hands-on experience at sea
Has the shipping industry reached an LNG landmark? CMA CGM's new LNG-fuelled ships could prove to be a turning point for green energy use in shipping
Saudi crown prince is the biggest bear this winter The policies of Mohammed bin Salman deal double blows of rising oil prices and reduced cargo supply
Six-month recovery time for Maersk after cyber attack Normal operations should be resumed in the first quarter of 2018 as Maersk deals with the tail of the devastating...
DSME stays profitable in the third quarter Shipbuilder posts a $41.9m net profit for the third quarter ended September 30
Shell inks bunker barge charter deal with Q-LNG Transport Barge will supply fuel to marine clients including Carnival Cruise Line along ports on the southern east coast of the US
Dandong default demonstrates why it's still too risky to be a private player in China's port sector Asset-heavy industry, which requires massive long-term investment, is perhaps safer in state-owned hands
CSSC offers lease financing to Dynagas for two FSRUs Dynagas booked the regasification vessels at China's Hudong-Zhonghua Shipbuilding last year
DP World to develop economic zone in Egypt Project is part of the Egyptian government's plan to develop the Suez Canal Corridor
Daily Briefing Don't worry, the container recovery is still coming says Maersk
Korea and Japan to hold biannual meetings to bolster their shipbuilding industries Topics discussed during the first meeting included vessel oversupply and government-backed subsidies
Dry bulk freight rates to improve from second quarter of 2018, says Drewry Growing iron ore demand to drive the rate recovery
ICTSI nine-month revenues rise 10% amid stronger contributions from terminals Total box volumes rise 6% year-on-year to 6.8m teu
One-off gains from merger deal boost WWL results But seasonal slowdown weighs on ocean operations total income
Trump's LNG ambitions could boost long-haul tanker trades Washington has been pushing for more US energy exports to narrow its trade deficit
Korea's SPP Shipbuilding to undergo financial assessment in search for new owner Company to partner Samil Pwc in analysing and documenting its condition
Maersk wins regulatory approval from China for Hamburg Süd takeover Pending approvals could be received as early as the end of November
Bunker supplier Aegean Marine warns of $3.4m-$4.4m loss for third quarter Loss attributed to continuing challenging market conditions, which led to decision to exit physical supply business in Singapore
China heats up 'teapot' crude import quotas Preliminary allotment suggests more upside in Far East tanker demand if refineries use full amount.
Navios Containers seals $50m equity raise Oslo-listed boxship owner raises cash in private placement to fund acquisitions
Pioneer narrows losses as market rises Singapore-based bulker owner sees higher revenue while viewing 'optimistic growth prospects' for next quarter.
China's coal moves chill supramax rates Drop in imports into world's large coal consumer signals China's desire to keep grip on coal markets.
Engie and Total reach deal on LNG assets sale Agreement will see up to 12 LNG carriers and Gazocean subsidiary switched to energy major
Marinakis expects quick, full exoneration from Greek courts Greek ship and football club owner dismisses match fixing charges, vacates Olympiakos FC chair until cleared.
Carnival signs US cruiseship LNG fuelling deal with Shell Newly unveiled bunker barge to supply cruiseship behemoths from 2020
Maersk looks beyond cyber-attack as fresh contours of shipping giant emerge Vincent Clerc says situation should return to normal next year with global economy supporting market.
Jeffboat to lay off 278 staff US shipyard says permanent redundancies are response to fall in demand.
China signs off on Maersk Line takeover of Hamburg Sud Beijing backing comes with certain conditions but looks to be final high hurdle to deal.
OSV owners urged to take 'oath of consolidation' Clarksons Platou draws on history to reveal blueprint to boost beleaguered sector.
Crew to be paid after PSV sold Buyer finally found for arrested Malaviya Seven in Aberdeen.
Thoresen tipped to connect four with latest supramax Brokers connect the Thai owner with the addition of second-hand bulker.
Greek owner circulates VLCC for sale Move by Andriaki comes after the ship rolled off a profitable time-charter.
Officers arrested after MSC master death Ukrainians suspected of killing captain and dumping his body in sea off Italy.
First Ship Lease sights still on refinancing Roger Woods says finance deal a priority as company logs third quarter loss.
Big cruiseships banned from Venice Italian authorities keeping vessels of more than 100,000 gt away from historic centre.
Forbes boots Wilbur Ross from billionaire's list Fresh round of headlines follows for businessman as financial magazine hunts missing $2bn.
Marinakis to be tried for match-fixing in Greece Greek owner amid 28 defendants in football probe, but cleared over far more serious charges.
Food tycoon to take over Marco Polo David Teo pumping in cash as part of restructuring Singapore OSV owner's $44m share issue.
Toei Reefer Line being taken private Japanese owner is the subject of $29m management buyout.
Shell confirms LNG carrier-to-bunker vessel conversion Anthony Veder vessel to be modified as major adds fourth unit to its LNG bunkering stable
DSME extends profitable run South Korean shipbuilder continues turn around with third profitable quarter in a row.
Wallenius Wilhelmsen shares spike on 'knockout quarter' Stock climbs by over 10% following strong quarterly results from Oslo-listed firm.
Wilson makes it back into black Oslo-listed mini-bulker owner boosted by higher rates towards end of third quarter.
Wilbur Ross sells Diamond S stake Commerce department spokesman says US secretary of commerce has 'fully divested' holding.
UK supreme court backs German owner in ransom case Judges rule cargo owner Mitsui & Co should share costs of pirate negotiations that saved $4.15m after LPG carrier was hijacked in 2009.
Samsung Heavy to ride offshore recovery Healthy balance sheet and proven execution track record to stand it in good stead against rivals, says Nomura.
EIA: US distillate exports on the rise But most extra cargoes are travelling shorter distances to markets in South and Central America.
North American freight market continues strong growth in September The North American freight market showed continued strong volumes and stronger pricing in September 2017, with shipments increasing 3.2 per...
FMCSA shuts down Georgia trucking company after fatal collision A Decatur, Ga.-based freight shipping and trucking company has been ordered by the Federal Motor Carrier Safety Administration (FMCSA) to c...
Amazon to open fourth fulfillment center in Maryland Amazon.com, Inc. will open its fourth Maryland fulfillment facility in Baltimore's Sparrows Point industrial complex, the e-commerce giant ...
Great Lakes iron ore shipments surge in September A total of 6.5 million tons or iron ore were shipped on the Great Lakes and St. Lawrence Seaway in September, an increase of 23.4 percent c...
Sensitech: U.S. cargo thefts up in volume, down in value in Q3 2017 A total of 160 thefts of cargo occurred in the United States during the third quarter of the year, with 57 of the incidents occurring in Ju...
Heathrow Airport struggles with increasing cargo congestion, delays London's Heathrow Airport has long struggled with cargo congestion and delays, but the industry is now calling for a solution "as a matter ...
CBP turns up spotlight on forced labor in supply chains U.S. Customs and Border Protection has stepped up its industry outreach to ensure that the country's importers aren't running afoul of leg...
PIL's new 11,800-TEU vessels boost capacity on transpacific loop Pacific International Lines (PIL) Group on Oct. 26 took delivery of two new 11,800-TEU containerships, both of which are slated to join the...
Customs brokers urge Congress to renew GSP before expiration The National Customs Brokers and Forwarders Association of America (NCBFAA) is urging Capitol Hill lawmakers to renew a trade preference pr...
PDVSA in talks with Russian, Chinese companies on $1.1 billion plan to repair Venezuela's refineries Venezuela's state-owned PDVSA is negotiating with Russian and Chinese companies to finance $1.1 billion in repairs.
New Nigerian fuel import terminal opens off Lagos: OVH Energy OVH Energy Tuesday launched a new fuel import terminal offshore Lagos, with capacity to berth medium range tankers that could ease a bottleneck for private importers in discharging products.
OPEC Pumps 32.57 mil b/d in Oct, down 90,000 b/d from Sep OPEC oil output in October fell 90,000 b/d from the previous month as declines were observed in six member countries, an S&P Global Platts survey of OPEC and oil industry officials and analysts showed Wednesday.
EIA says USAC fuel oil stocks at lowest since February 2014 US Atlantic Coast fuel oil stocks for the week ended Friday reached their lowest levels in more than three years, US Energy Information Administration data showed Wednesday.
NYMEX crack spreads rising on gasoline, distillate draws NYMEX product cracks were higher Wednesday after the US Energy Information Administration showed larger-than-expected draws in gasoline and distillates, while crude inventories at Cushing, Oklahoma continued to grow.
BP adds bunker barge to Richards Bay operation BP has added a new bunkering vessel to its physical supply operation at the South African port of Richards Bay, the company said.
External: Wired Bunkering
Aegean plans further cost cuts after exiting Singapore physical market "We believe there remains further opportunity to cut costs across our network."
FUTURES: Crude falls despite risk premium from Saudi tension
Kuwait looking at fuel oil imports from 2019 to cope with refinery delays Despite spending nearly $30 billion on downstream projects in the last few years, Kuwait will become a major importer of fuel oil from 2019, while it waits for construction of its new 615,000 b/d Al-Zour refinery to be completed, market sources said Wednesday.
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