Bulker owners call for scrutiny of charterers and terminals Intercargo highlights 'Stone Age' conditions in sector as other stakeholders go unvetted
The future is (always) bright for shipping equities If investing in stocks is about the future, shipping equities should do very well based on the supply and demand...
UK government outlines customs contingency plans for Brexit UK Chamber calls papers 'somewhat disappointing reading'
Intercargo sees membership surge Dry bulk association reports 48% increase in fleet since start of 2017
Weak newbuilding recovery fails to lift yard sentiment Activity in main shipping sectors still at a historically low level
China's One Belt, One Road project may hit tanker demand Projects such as the Myanmar-China pipeline and Kra Isthmus canal are negative for tonne miles, Poten & Partners says
Crude oil in floating storage falls as supplies tighten OPEC member nations adhering to production adjustments, strong oil demand and slower shale oil production growth attributed to floating storage...
Daily Briefing Chinese yards are marking up prices amid cost pressure
Boston Consulting Group spins off xChange platform Box swapping platform moves to standalone operation
Singapore regulator raises concerns over Wilhelmsen takeover of Drew Marine Competition Authority of Singapore notes that both are major players in the maritime services sector
Supramax owners looking for a better week despite dip in rates But pockets of positive sentiment from South America may drive up freight rates
NYK starts production at Wheatstone LNG Australian project will have the combined capacity to produce 8.9m tonnes per annum
Global Ship Lease aims to raise up to $400m in bond offering Container charter owner to use proceeds to repay outstanding debt
Japan's Kobe Steel unveils automated welding machine and system for shipbuilders Move comes amid Japan's efforts to tackle a shortage of young skilled workers in the shipbuilding industry
Bahri jumps on Big Data bandwagon with DNV GL pact Both parties developing a prototype to help all maritime industry participants make informed decisions regarding safety and quality in operations
Clarksons: better outlook for Navios debt Unsecured and secured notes that traded at distressed levels now closer to par thanks to bulker markets.
AP Moller Holding closes Maersk Tankers deal Transaction that takes products tanker specialist private has now been completed.
BlackRock takes some money off Ardmore Largest US institutional investment manager trims stake as stock outpaces peers.
Intercargo celebrates record membership numbers Squeezed by regulation, ever more drycargo owners gather forces to speak with same voice
Wan Hai Lines buys office for $10.35m Taiwanese owner builds presence in the US with deal in Arizona.
Ship Finance swaps $121m in note to shares Chief executive says the move is a 'cheap forward equity offering' as note holders now in the money.
Cosco Shipping Holdings expects profit Chinese giant cites better conditions in the container market as the main reason for positive nine-month outlook.
Zodiac buys pair as Tailwind parks car carrier sector Eyal Ofer-led owner adds to PCTC fleet as Norwegian firm continues to reduce shipping exposure.
Maersk scoops Youngship award Norwegian organisation recognises Danish group's commitment to young recruits.
South Korean yards chop 35,000 workers Figures from yard association reveal scale of downsizing at restructuring shipbuilders.
Wartsila takes over Guidance Marine Finnish company enhances its expertise in vessel positioning and remote control operations.
Stolt Tankers wish list puts M&A ahead of IPO Niels Stolt-Nielsen says consolidation trumps flotation for stand-alone tanker business.
Mercator confirms penultimate bulker sale Indian owner has one dry cargoship left after Sri Prem Poorva disposal.
Heuvels in shock swap from London to Hong Kong Ince & Co's international senior partner Jan Heuvels' decision leave London and head for Hong Kong was met with surprise in legal circles. But the leading London law firm says there is nothing more behind the move than a decision to target Asian growth. Ince back on growth path Heuvels' move comes amid continued speculation in that Ince & Co is seeking a merger with another London shipping law
Pareto sees twin catalysts for Stolt-Nielsen upgrade Norwegian finance house has buy rating on Oslo-listed owner for the first time in over two years.
Gunvor targets more joint ventures as it looks to expand in shipping Glencore's Jan Andersen brought in to revamp Clearlake Shipping arm as trader seeks more vessels.
Vernicos Tugs & Salvage makes it 19 Greek tug owner completes its fourth acquisition since April with the addition of 2006-built unit.
Setback for Sevan in Logitel loan row Oslo court rules against floatel owner in dispute related to Teekay Offshore takeover.
Chinese SAR vessel gives cargoship a tow Rescue authority comes to aid of vessel that lost power off Shidao.
Andreas Hadjiyannis: 'The big, big crisis is over' Shipowner believes the darkest hour has passed with the next one a century away.
Supramax sale closes book on United Ocean clear-out US buyers said to pick off final vessel from the fleet of bankrupt Japanese owner.
Gas4Sea nets second LNG bunker customer Key tanker operator signs up to supply in Rotterdam from Zeebrugge-based ship.
Singapore oil storage levels plunge Volumes held on tankers have dropped to 8.1m barrels from 30m in May.
Limarko snaps up H Schepers boxship Lithuanian owner boosts capacity with $5m deal for German feedership.
Oman Shipping and KOTC in tanker talks Oman state owner may need extra vessels to handle shipments from Duqm refinery as it looks to cooperate with Kuwaiti company.
Ships face UN port ban over North Korea ties Move against four ships described as 'unprecedented' by co-ordinator of a UN panel on sanctions.
Ocean Yield extends Lewek Connector charter Lars Solbakken-led leasing outfit ties up subsea construction vessel potentially until Christmas.
Aussie log exports jump 300% in four years China set to account for virtually all volumes shipped and 25% of total harvest in 2017.
Borr deal to boost Sembcorp Marine balance sheet Singapore yard now positioned for growth in the new low-oil price era, say local analysts.
Bahri partners with DNV GL on 'big data' initiative Bahri Data inked a contract with classification society DNV GL to co-develop and jointly leverage their big data capabilities for safety, q...
'K' Line fleet to install new automated weather routing system A new navigation system will be installed in 120 "K" Line vessels. Ocean carrier Kawasaki Kisen Kaisha ("K" Line) will install Kawasaki Hea...
UPS enters contract talks with Teamsters UPS' current five-year contract with the International Brotherhood of Teamsters ends after July 31, 2018. UPS has started contract talks wi...
Hong Kong terminal operator adds Russian all-cargo airline Hong Kong Air Cargo Terminals Ltd. (Hactl) is now handling shipments arriving at Hong Kong International Airport from Moscow-based all-carg...
MercuryGate, SMC3 partner on LTL pricing API Transportation management systems (TMS) solutions provider MercuryGate International and application programming interface (API) provider S...
IATA's Cargo-XML integrated with WCO targeting system The International Air Transport Association (IATA) has completed the integration of its Cargo-XML messaging standard with the World Custom...
GM acquires LIDAR tech company General Motors Co. has acquired Strobe, Inc., a three-year-old light detection and ranging (LIDAR) technology company based in Pasadena, Ca...
NHTSA: Truck-related fatalities rise 5.4% in 2016 The number of fatalities involving large trucks in the United States increased 5.4 percent in 2016 compared with the prior year to 4,317 fa...
CR England Chicago intermodal drivers decertify Teamsters local Nearly 70 intermodal drivers working out of the Chicago site of trucking and refrigerated transportation company CR England have voted to d...
Iraq planning to rebuild federal oil pipeline to Turkey Iraq's oil ministry announced Tuesday it was ordering three state oil companies to rebuild the federal government's crude oil export pipeline to Turkey, which has been out of service since early 2014.
OPEC's Barkindo admits "extraordinary measures" needed to sustain rebalancing OPEC has signalled to the market that it could further broaden its OPEC/non-OPEC alliance, ramping up the rhetoric over the possibility of expanding its membership and trying to deepen its dialogue with US shale in order to rebalance the market.
Bill to expand US offshore drilling, revokes safety regulations A bill that could open a vast swath of US federal waters to oil and natural gas producers, ease offshore drilling regulations and give the US president expanded powers to permit drilling will begin its legislative process Wednesday.
ExxonMobil says restores output at Julia, Hadrian South fields in Gulf of Mexico ExxonMobil has restored production at its Julia and Hadrian South fields in the Gulf of Mexico after halting output last week prior to Hurricane Nate's move through the area, the company said Tuesday.
Oil futures rebound on remarks by OPEC's Barkindo, Saudi exports Oil futures strengthened Tuesday, with NYMEX November crude rising $1.34 to $50.92/b, after OPEC Secretary General Mohammad Barkindo said efforts underway to rebalance the global oil market were working.
Durban bunkering suspended on poor weather: port authority Bunkering and loading operations at Durban, South Africa, have been suspended due to bad weather, a spokeswoman for the port authority said Tuesday.
Kerch Strait closure may delay grain exports; bunkers not hit The Kerch Strait, connecting the Sea of Azov and Black Sea, will be closed for the transit of all types of vessels, apart from military and government security vessels, from Wednesday at 6:00 am local time (0300 GMT) for three days, according to a statement posted by the Kerch harbor master, Sergei Belyh.
External: Wired Bunkering
Fewer accredited bunker suppliers in Singapore after Uni Petroleum's exit The number of accredited bunker suppliers in Singapore has dropped to 55 this month from 56 in September and 58 in August as Uni Petroleum dropped out of the list after its bunker supplier licence expired.
Fuel oil physical East-West spread at three-month high on freight rates The spike in VLCC freight rates to the East from Rotterdam has widened the discount of physical 3.5% FOB Rotterdam barges to 3.5% FOB Singapore cargoes to the largest in three months.
Massive destocking underway in oil market, says OPEC's Barkindo "The market structure has switched to backward, making it uneconomic to continue to keep storage," he said.
FUTURES: Crude steady; Aramco announces record allocation cuts
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