Samsung HI focuses on LNG despite surging VLCC newbuilding demand South Korean yard major says no to loss-making deals
BIMCO sees few economic incentives in scrapping converted VLOCs Vessels are still employed on time charters at profitable levels despite nearing demolition age
Liner shipping players eye Sohar transit to save Qatar services A "restraint of princes" clause may relieve carriers from liabilities for delays or damage to cargo, says lawyer
Rising bunker costs boost canal traffic South of Africa container backhaul trade no longer viable
Landmark offshore vessel merger a hair's breadth away Get ready for a new offshore vessel player to make its presence felt
Boxship fund raises $75m in private placement MPC Containerships gathers cash to expand containership fleet
Maersk Line offers alternative for cargo under way to Qatar Feeder vessel will be deployed to transit via Salalah
P&I clubs can decline cover for losses on Qatar trade, warns Gard Situation is more like a trade embargo than a sanctions regime, says P&I club
Ship Finance International sells $58.8m in bonds John Fredriksen-backed shipowner plans to use process to refinance existing debt.
Fourth ballast water system wins USCG type approval Qingdao-based company becomes the first non-Western player to win type approval.
USCG asks shipowners: 'What rules can we cut?' Request for comments comes as Trump Administration makes play to cut red tape.
Poten duo urge Trump to push energy exports outside of Gulf Michael Tusiani and Gordon Shearer say White House should provide funding for Gulf ports and override delays for Northeast and West Coast projects.
Winson Oil tied to purchase of VLCC Singaporean company thought to have snapped up a tanker from German owner.
Exmar asks holders to extend bond maturity Euronext-listed energy shipping specialist faces debt maturity next month.
Qatar LNG cargo transits Suez But Qatari vessel on course for the Canal alters course
Panama court throws out lawsuit in Western Sahara dispute Moroccan cargo owner OCP says court found no evidence that phosphate rock belonged to independence movement.
Petredec backs LPG storage in South Africa Gas carrier owner and charterer invests in country's second, but biggest facility.
Diana Shipping fixes out five on time charter Athens-based bulker owner locks up charters well into 2018 on various vessels.
Mikkolainen in at Meriaura Former Crystal Pool chief is new managing director at MPP owner.
MPC Container Ships banks $75m from placement German parent and other shareholders have pledged $25m to the latest fundraiser.
Dorian secures new bridge loan of $97m VLGC owner says it can now manage current market trough as $6m is released.
Fjord1 orders five more ferries at Havyard Norwegian owner expands its "electric" portfolio with new deal worth more than $117m.
CMA CGM debuts Indiamed service French container line launches new run from Med to the Middle East and subcontinent.
Taiwan Navigation pushes up profit First quarter boosted by higher revenue at bulker owner.
Dof Subsea secures three new charters Norwegian shipowner strengthens contract backlog with deals in Asia Pacific and the Atlantic.
Eimskip buys Denmark's Ship-Log Expanding Icelandic line boosts logistics operations with new takeover.
Crew held after 'insulting Erdogan' Master and others released following probe into comments about Turkish president.
Shun Yuan orders another asphalt tanker Chinese owner returns to Fujian Mawei for 7,500-dwt ship.
MPC adds three more boxships German company's Oslo spin-off continues to build up its fleet.
HMM teams up on new China-India run Korean owner brings in CMA CGM, PEL, SCI and KMTC for boxship service.
U.K. snap vote results leaves Brexit negotiations uncertain U.K. Prime Minister Theresa May saw her Conservative Party lose its parliamentary majority in yesterday's snap vote, just days before talks...
Hill International JV wins terminal expansion contract in Colombia A contract from Compañía de Puertos Asociados S.A. (COMPAS) has been awarded to a joint venture between construction risk management firm H...
SCPA handles 182,452 TEUs in May The South Carolina Ports Authority (SCPA) reported the highest May container volumes in its history, pushing fiscal year-to-date volumes pa...
JLL: Demand for warehouse and distribution space is on the rise JLL, a Chicago-based industrial real estate services and investment management firm, noted how healthy consumer spending and strong e-comme...
CMA CGM launches Med-Middle East/ISC loop French ocean carrier CMA CGM will launch a weekly service linking the Mediterranean with Djibouti, the Arabian Gulf, Pakistan and India. T...
Turning anxiety into action Technology is an inherently anxiety-inducing problem for most shippers. That's because there are a thousand different paths toward introdu...
WTO chief says multilateralism will lead to trade liberalization World Trade Organization (WTO) Director-General Roberto Azev'do said the biggest roadblock to boosting global trade is the lingering roadbl...
AgTC: U.S. Zika outbreaks could hinder exports to China Regional outbreaks of the Zika virus in the United States during the warm summer months could result in the Chinese government imposing str...
Philly Shipyard builds containerships for new mainland-to-Hawaii trade Philly Shipyard Inc. (PSI) has begun construction of up to four new container vessels, and is actively promoting the formation of a new ent...
Oil stops skid, but increases limited by rig count, dollar ICE August Brent settled 29 cents higher at $48.15/b after trading as high as $48.56/b at one point.
Novorossiisk bunker prices finally start to move lower 380 CST fuel oil at the port was assessed at $289/mt delivered Thursday, with prices pegged at $280-286/mt delivered on Friday.
Qatar impasse may affect marine P&I insurance The impasse began Monday as Saudi Arabia, the UAE, Bahrain and Egypt severed diplomatic ties with Qatar and cut off air, land and sea routes to the country.
External: Praxis Energy Agents S.A
External: Wired Bunkering
JXTG mulls changing loading schedules, bunkering in Singapore for Qatar oil imports The Qatar diplomatic crisis makes it difficult for buyers of Middle Eastern oil to co-load Qatari oil on their tankers.
Singapore FO stocks hit 2.5-year low on less imports, strong bunker demand "It is like a domino. The Middle East is buying the Mediterranean cargoes. The Mediterranean is buying North West European cargoes. Cargoes hardly come to Singapore," a trader said.
FUTURES: Crude holds amid lack of fresh drivers
Japan's Astomos Energy to bunker VLGCs destined to Qatar in Singapore "As we have term contracts [for Qatari LPG], we are looking to start bunkering in Singapore if we have scheduled loadings this month," an Astomos official said.
FEATURE: Iran gears up for key test of interest in its oil sector - Azadegan field tender to be first under new Iran Petroleum Contract - Iran hopes to increase field output to 750,000 b/d, from 125,000 b/d - Companies requested to inform NIOC of consortium members by June 19
TRADER NOTE: Anastasios Papagiannopoulos elected as new BIMCO president Sadan Kaptanoglu, managing director of HI Kaptanoglu Shipping, is elected as BIMCO's very first female president designate.
INTERVIEW: Equatorial Guinea oil minister champions African OPEC expansion - African producers face 'life and death': oil minister - Seeks support from Cameroon, Uganda for OPEC - Eyes shared planning over prices, regional sales - OPEC quota includes crude and condensate
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