Diana Shipping scraps 13-year-old panamax bulker after hull damage Greek owner seeks insured value of $14m
HSH Nordbank closes in on sale
Singapore's MPA revokes licences of two more bunker suppliers Singapore revokes licences after bad practice uncovered; a third supplier did not renew its licence on expiry
Chinese maritime told to open up to Europeans Asian country must show reciprocity, conference panellists argue
Capesizes to maintain momentum for the rest of October Demand likely to support freight rates before China's emission control deadline in mid-November
Steel ambition moves India closer to China's league For dry shipping, the Modi initiative may aid the search for next growth engine
New ocean freight digital players 'over-hyped' Virtual forwarders and e-commerce firms offering only 'fragmented' and 'piecemeal' services, says analyst Alphaliner
Pacific Basin chief sings a confident tune for the bulker market Hong Kong-listed bulker specialist is looking for further secondhand acquisitions
Daily Briefing Industry cyclicality is over, it's technology that's driving liner shipping
ONE will honour Japanese lines' existing contracts, says Jeremy Nixon Boss of Japanese giant questions the future benefits of of ultra large containerships
HHI may shut down all yards in eight months, says vice-chairman HHI vice-chaiman said more than Won100bn of losses are expected, if the company resumes operations of the Gunsan yard
Collision between US warship and tanker off Singapore preventable, says US Navy John S McCain's commanding officer and executive officer reassigned to other duties
Rising waters on the Ohio River stifle dry bulk carrier demand in the US Gulf The US Waterways Council has closed the Ohio River to traffic at Locks and Dam 52
Korean authorities criticised for lacking transparency in shipping industry rescue measures The decision making process should be made more transparent so as to gain public trust, says advisory group
CMA CGM plans start-up incubator in Marseilles Programme to help facilitate the group's digitalisation drive
Gothenburg keeps port tariff unchanged for third straight year Move comes after port posted biggest fall in container volumes on record in the first half
Trump touts tax reform plan to truckers President Donald Trump spoke to a group of truck drivers and carriers Wednesday at the Harrisburg International Airport in Middletown, Pa. ...
CMA CGM to establish shipping, technology incubator French ocean carrier CMA CGM has announced plans to establish a shipping and technology startup incubator in Marseilles. The company made ...
FedEx to build small-parcel distribution facility in Indiana FedEx Ground Package System, Inc., will build a $259 million, 608,000-square-foot distribution center in Indiana for small parcel distribut...
IAG Cargo expands Cargo Connector service to Washington Dulles Airport Airfreight carrier will trial its Cargo Connector service at a tenth location on its fife-year anniversary, the company announced. The Car...
CMA CGM opens logistics warehouse in Lebanon The Taanayel warehouse is located on one of the Middle East's more important trade routes. French container shipping company CMA CGM has op...
Port of Long Beach sets September cargo record, has best quarter in its history The Port of Long Beach, above, has seen its container volumes surge nearly 9 percent in 2017, data shows. The Port of Long Beach moved more...
U.S.-flag Great Lakes cargo rises nearly 11% in September U.S.-flagged Great Lakes freighters moved 10.1 million tons of cargo in September, a 10.7 percent increase compared to the same month a yea...
U.K., EU look to maintain WTO status following Brexit split The European Union (EU) and the United Kingdom submitted a joint letter to the World Trade Organization (WTO ) on Wednesday, expressing the...
GEODIS to utilize Amber Road's trade compliance solution GEODIS, part of SCNF Logistics, has chosen global trade management (GTM) solutions provider Amber Road to screen third-party trade partners...
Iraqi PM moves to ease tensions with Kurds over oil-rich disputed territories Iraqi Prime Minister Haider al-Abadi on Thursday downplayed accusations made by Iraqi Kurdistan that federal forces were going to invade the autonomous region, after exchanging recriminations over each other's intentions for oil-rich disputed territories recently cleared of the Islamic State.
US DATA: Crude stocks draw, products split as refinery runs rise US crude and distillate stocks fell last week, extending a streak of declines, while gasoline inventories built again, Energy Information Administration data showed Thursday.
Centurion crude pipeline restarts after leak near Cushing, Oklahoma Operator Occidental Petroleum has restarted the Centurion crude pipeline that shut early Wednesday following a leak, spokesman Eric Moses said Thursday.
Oil complex weakens despite weekly draws in US crude, distillates Oil futures fell Thursday as Energy Energy Information Administration data showing declines in US crude and distillate stocks was insufficient to overcome selling pressure from profit-taking.
ARA fuel oil stocks build on failed VLCC loading Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub rose in the week ended Wednesday on a VLCC failing to load in the Rotterdam region.
Istanbul bunker availability tightens on delays at Novorossiisk: sources Availability of bunker fuel at Istanbul is getting tighter and will be particularly tight over the weekend, as more ships are diverted from the Russian Black Sea port of Novorossiisk, sources said Thursday.
TRADER NOTE: Daniel Gruenwald joins bunker traders Oceanconnect
Bunkering operations resume at Durban following storm closure Bunkering and loading operations have restarted at the South African port of Durban, after bad weather and the disruption it caused eased.
Bunker supplier Bomin sees further consolidation before 2020 Increased costs will put pressure on credit conditions across both the bunker and shipping industries, according to Paul Millar, Bomin's head of global credit.
External: Wired Bunkering
IEA says OPEC compliance with supply cuts strong at 88% in September The report said OECD oil stocks had continued falling against the five-year average in August, to reach 170 million barrels above the average.
TRADER NOTE: Legends Oil Trading & Bunkering hires new trader Hassan Allami was previously from Al Arabia Bunkering Company.
ExxonMobil survey shows 70% say marine industry not ready for IMO's 0.5% sulfur cap "At ExxonMobil we expect that new 0.5% fuel formulations will emerge based on low sulfur refinery streams, in addition to novel fuel blends," White said.
INTERVIEW: GECF's Adeli sees OPEC/non-OPEC deal helping balance global gas market - Says global gas market to rebalance around 2022 - Sees a trend of return to long-term contracts - Expects oil-indexation to prevail in gas price setting
FUTURES: Crude dips on profit-taking after 3-day bull run
OPEC boosts 2017 call on its crude to 32.80 mil b/d, 2018 to 33.06 mil b/d Libya and Nigeria, both exempt from production cuts, showed the biggest gains in output in September.
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