Xiaojie Zhang elected IMO Council chair China's first elected chairman will run the council for two years
Vale studies London listing Brazilian mining giant wants more visibility
Global box growth slowed in October Latest monthly figures reveal only moderate increase in containerised trade, but full-year growth on course to hit 4%-5%
Nigeria leads suezmax tanker rally as Opec exemption nears end Uncertainty looms as major union threatens nationwide strike from December 18
Brexit 'breakthrough' is just the beginning, maritime industry says UK maritime bodies cautiously welcome progress towards the start of trade talks
Cape rates to soften on falling iron ore price Rally will slow but tight vessel supply will offer support to market, says Court Smith
Aux armes: la révolution est en marche Lloyd's List-hosted webinar hears a call to arms as the first shots are fired in a maritime revolution that will...
Daily Briefing Iran and Venezuela may face US sanctions in 2018, lawyers warn
Oldendorff agrees purchase of four baby capes Purchase brings Lubeck-based company's total to 10
Top 10 flag states 2017 As we prepare to publish the annual Lloyd's List Top 100 most influential people in shipping, on December 15, we...
Putting the pieces of the consolidation jigsaw together The final pieces of the consolidation jigsaw are falling into place
Slack season takes toll on transpacific rates Spot freight rates slump to yearly lows as supply/demand gap widens
PIL vessel escapes armed attack off Nigeria Eight assailants failed to board containership
Infographic: Outlook 2018 in numbers Explore some of the numbers behind the analysis and forecasts for 2018, including infographics and interactive charts
The numbers game The shipping industry's idea of what constitutes safe manning levels has little consensus but it is more than a debate...
Frew renews BIMCO role for further term Environmental legislation 'top priority' as secretary-general lays out lobby group's direction
Yang Ming completes $344m capital increase for 2017 Government increases its stake in the shipping line to 45.1%
ReCAAP reports no crew kidnappings in Sulu-Celebes Sea hotspot last month Total of nine reported incidents of piracy and armed robbery again vessels in the month compared with 12 a year...
Globus Maritime narrows losses as dry bulk market trends higher Voyage revenues up 58% for the third quarter
South Korea eyes nine LNG carriers from domestic shipbuilders Move comes as the ministry of strategy and finance anticipates a dismal 2018 for domestic shipbuilders
WWL buys heavy equipment transportation company from private equity firm Ro-ro carrier operator aims to enter US high and heavy equipment processing sector with the acquisition
Exmar offloads FSRU stakes to Excelerate Company to make a $90m gain from the deal
Former Hanjin chairwoman jailed for insider trading Seoul Southern District Court imposed on Choi Eun-young a $1.1m fine and asked her to return about $457,626 in transaction...
Diana Shipping nets 30% rate rise for capesize charter to EGPN Company expects to bring in $8.2m in gross revenue from the minimum employment duration
Teekay Tankers appoints new chief financial officer Stewart Andrade takes over from Vince Lok, who remains as parent Teekay Corporation's executive vice president and chief financial officer
CMA CGM purchase of Maersk's Mercusol final French conglomerate annexes boxship fleet owned by Brazilian subsidiary of its Danish rival.
Quark hires travel pro for new executive role Ed Bonner, previously in a leadership post with Worldwide Travel, becomes vice president of product for Seattle-based expedition operator.
ASL Marine financier steps down Head of corporate finance and treasury leaves to 'pursue other career opportunity,' Singapore shipbuilder says.
New buyer moves for Taku ferry Dubai group back for veteran US vessel after original bidder pulls out.
First Steamship returns to profit Taiwanese bulker owner benefits from higher revenue and lower costs.
Hyundai Heavy clinches Sinokor VLCCs Korean shipbuilder confirms two-ship contract with compatriot owner.
'High noon' for Baltic Exchange to upgrade VLGC market data Owners believe bourse needs to act before rival data provider steps up to fill void.
BPA: replicate Irish Brexit deal for UK ports Ports association calls for UK-wide border solution as talks move on to trade.
Respected tanker broker Mike Rudd leaves Braemar ACM Product specialist has exited London-listed shipping services group.
Owners fail in $100m Finnish fairway dues appeal Finnish supreme court turns down claim from Tallink and others.
LNG spot rates set for best quarter in three years Spot rates for LNG carriers are set for their best quarter in three years after fighting back into the black, Credit Suisse. Rates have averaged $60,000 per day in the fourth quarter to date as the cycle looks to have finally turned, according to analyst Greg Lewis. This makes the ongoing quarter the strongest for the market since the last three months of 2014 when rates ran at over $70,000 per
Samsung Heavy rating cut as stock continues to fall Samsung Heavy Industries has had its long-term credit rating cut by Nice Investors Service. The Korean ratings agency dropped the Seoul-listed shipbuilder from A- to BBB+ and has the yard on review for further downgrades. It explained the revision comes amid concerns about future losses and intense competition at a time of unfavorable market conditions, Bloomberg reports. The downgrade was anno
Oceanteam sells part of solutions business Dutch owner to raise money through asset sale.
Yang Ming completes $87m stock sale Taiwanese owner banks cash as government backs it further.
Oldendorff Carriers swoops for mini-cape quartet German bulker giant Oldendorff Carriers has snapped up four mini capesize ships from the fleet of compatriot owner Hartmann Schiffahrt in a deal that shows a strong rise in bulker values this year. The Dayang built 118,000-dwt UBC Ottawa, UBC Odessa, UBC Olimbus and UBC Oristano (all built 2011) are believed to have been sold for $80m enbloc. Brokers point to the January sale of the 114,500-dwt
Davie Shipyard lays off 281 workers Canadian yard blames a lack of federal contracts for redundancies.
Polarcus wins funding for Australian job Middle East owner to carry out seismic work for four weeks.
Ex-Hanjin boss jailed for insider trading Choi Eun-young gets 18 months after selling shares just before company announced court-led restructuring.
OOCL to launch Japan-Vietnam service in 2018 Hong Kong liner company to expand intra-Asia network with expansion of KTX routes.
V.Ships seals second Pertamina FSO contract Deal sees ship manager's offshore arm increases ties with Indonesia tanker giant.
NRF: Container imports at major U.S. ports hold strong in October Ports covered by the Global Port Tracker are expected to collectively handle 20 million TEUs of imports for 2017, which would be a 6.4 perce...
Commerce to issue countervailing duties on Argentine, Indonesian biodiesel The International Trade Commission (ITC) in a 4-0 vote said U.S. biodiesel producers are harmed by imports of these same products from Arge...
California wildfires shut down highways, destroy infrastructure California Governor Edmund G. Brown issued an emergency proclamation on Tuesday for Ventura County due to the raging wildfires in Ventura C...
Woodfield Distribution sets up shop in New Jersey Woodfield Distribution, LLC, a pharmaceutical logistics provider headquartered in Boca Raton, Fla., has established a physical presence in ...
Senators file NTSB reauthorization, reform legislation The chairman and ranking member of the Senate Committee on Commerce, Science and Transportation, along with three other committee members, ...
ITC: Canadian softwood lumber harms U.S. producers The International Trade Commission (ITC) said U.S. softwood lumber producers are harmed by similar products from Canada, which are both sub...
AAR: U.S. rail traffic rises 1.5% in November Total combined U.S. carload and intermodal traffic in November 2017 ticked up 1.5 percent, or 38,587 carloads and intermodal units, from th...
OOCL to introduce new Japan-Vietnam service OOCL in early 2018 will introduce a new service between Japan and Vietnam, dubbed the KTX7, to expand its current service portfolio by prov...
PANYNJ approves $3.2b for operations in 2018, $3.4b for capital projects The Port Authority of New York and New Jersey (PANYNJ) on Dec. 7 officially adopted a 208 budget that includes $3.2 billion for ongoing ope...
Crude futures gain ground on Chinese oil imports, US jobs report ICE February Brent rose $1.20 to $63.40/b Friday after Chinese data showed a surge in the country's crude oil imports, but an increase in the US oil rig count helped limit the upside for crude futures.
Mexico's CNH approves Pemex plans to drill 30 exploratory wells Mexico's National Hydrocarbon Commission late Thursday approved Pemex's plan to drill 30 wells across 22 blocks over the next two years with the expectation of incorporating 486 million barrels of oil equivalent into the state oil company's reserves.
Russia plans 24 million mt in crude supply to Belarus in 2018 Russia plans to supply 24 million mt of crude, or 482,000 b/d, to Belarus next year under the indicative balance agreed earlier this year, Russia's deputy energy minister Kirill Molodtsov said.
Low oil prices, competition from Brazil sink Pemex's Maximino-Nobilis farmout Mexico's state Pemex blamed low oil prices and competition from Brazilian hydrocarbon auctions for the cancellation of its Maximino-Nobilis deepwater farmout, the company said Friday.
European refinery margins bounce back for a cracking 2017 Following several years in the doldrums, European refineries in 2017 enjoyed a bumper year, thanks to strong margins across the barrel.
Rotterdam bunkers market looks to higher demand amid falling feedstocks The bunker market in Rotterdam should see rising demand in some areas in the run-up to the Christmas holidays, against the backdrop of falling high sulfur fuel oil, market sources said this week.
Mediterranean bunkers look to shake off one-month lows amid rising demand Bunker fuel prices at a number of ports in the Mediterranean have sunk to lows of four to six weeks on falling high sulfur fuel oil but this could change on the back of rising pre-Christmas demand from shippers, sources said.
Istanbul bunker fuel premium to Novorossiisk at five-month low Istanbul bunker fuel's premium to Novorossiisk has hit a five-month low, with prices being prioritized over volume of sales at the Russian port, sources said.
Fuel oil stocks at ARA hub up to 1.182 million mt on slow demand: PJK Fuel oil stocks at the Amsterdam-Rotterdam-Antwerp hub soared 225,000 mt in the week ended Wednesday to 1.182 million mt, according to PJK International data.
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