New Greek shipbroker Xclusiv opens its doors Partners behind new venture include well-known brokers formerly with BRS, Intermodal and ITCM
Dry bulk trade growth to outweigh fleet expansion Weekly roundup: Claksons predicts resurgent robust Chinese demand; BDI little changed on week
US box import boom set to slow Weaker inbound container growth forecast from November into 2018
Asia-Europe ocean freight rates fall 9% Shanghai-Los Angeles prices also dropped 5% this week, with average east-west prices expected to drop further next week
Beware the temptation to see a new normal More optimistic industry outlook might merely mean an end to shipping's long period of abnormality
Small and beautiful carriers are takeover targets as container consolidation continues apace PIL and Hapad-Lloyd are both on the cards, says Drewry China director Han Ning
DHL reports mixed third quarter results for forwarding arm Rising rates erode margins and profits of ocean and air forwarding businesses
DSME sells majority stake in Romanian yard to Damen for $26.5m South Korean and Dutch companies expect to complete the deal by November 29
Jurong Shipyard slapped with $294,037 fine for safety violations during rig construction Updated: SembCorp Marine agreed to pay the fine and has ramped up its work safety procedures
Daily Briefing Shipping will be included in the EU emissions trading regime
Shipping to benefit from global economy's 'new normal' Global economy is in an accelerating cyclical upswing, says BIMCO
Chemical tanker market to recover by late 2018, says Drewry Limited new orders coupled with a shrinking of the tonnage supply-demand gap to support
ECSA and ETF call for easing of administrative burdens on shipping Both organisations call for EU member states to be ambitious in harmonising reporting formalities at European ports
Fire breaks out on tanker at Gadani recyling yard for the second time Incident comes after an explosion occurred on the tanker in November 2016 that killed 31 workers
HMM posts third-quarter net loss Revenue rose 20% year-on-year as a result of cost optimisation measures
Oakland port gives initial approval to convert ex-military base into logistics complex Final approval from port authority expected by November 30
Strong cruiseship demand continues to drive Fincantieri results Results in line with group targets for the 2016-2020 business plan
Singapore gears up to be a key player in the global maritime arbitration sector With the launch of the Singapore Ship Sale Form and the recent developments to the widely used standard maritime forms...
GoodBulk posts second-quarter profit Company benefits from operating vessels as part of pools of 65 and 58 vessels respectively
OSG sees charterers shift to spot from term Tampa-based owner nears operating breakeven, but financing expenses result in loss.
Euroseas' revenue gains, but so does loss Athens-based shipowner benefits from better bulker and boxship markets, but writedowns hit results.
Fjord1 rakes in NOK 1bn from bond issue Fjord1 has completed a NOK 1bn ($123m) raid on the Norwegian bond market. The ferry company finalised the fundraiser today with the new paper to mature in November 2022. Jones Act owner OSG seeks to tap Norwegian bond market DNB Markets and Nordea led the offering, with Fearnley Securities and SpareBank 1 Markets also on the ticket. Fjord1 joins companies such as DFDS, Bonheur, Wallenius Wilhe
POSH reduces red ink in third quarter Singapore OSV group benefits from joint venture earnings.
Gener8 shares 'ready to rip' with asset sales all but done Executives expect discount to close as tanker market comes back to health in 2018.
Pyxis' Valentis puts faith in future Tanker owner says it is well positioned to benefit from upturn in rates.
GoodBulk IPO on cards in 2018, Pareto says CarVal deal has delivered three key ingredients to fuel the trip to New York Stock Exchange.
Namura Shipbuilding cuts first-half loss Japanese shipyard improves performance, but still set for full-year loss.
Kyoei Tanker profit falls back Japanese owner also sees revenue dip in first six months.
Pilot, captain guilty of 'motion illusion' collision Duo handed suspended sentences in clash involving car carrier and ro-ro.
Pangaea Logistics pushes up quarterly profit Bulker specialist sees bottom line and share price rise.
Great Eastern earnings slashed as rates fall Indian owner hit by decline in tanker markets in its second quarter.
Fincantieri pushes up profit Italian shipyard group has added 14 cruiseships to its books so far this year.
Borr Drilling climbs onto Oslo benchmark index Tor Olav Troim's Borr Drilling continues to build its position with investors having been added to the Benchmark Index in Oslo. The driller was one of seven companies to be promoted to the index from 1 December. VLGC specialist BW LPG was also among those set for the promotion. Borr shares were today trading at NOK 36.80 each, giving the company a market capitalization of NOK 17.53bn ($2.2bn
Damen seals deal for Daewoo Mangalia yard Dutch group buys Romanian plant from DSME to boost global operations.
Fredriksen backs Northern Drilling equity issue Shipowner comes up with cash to support $250m raise by distressed asset vehicle.
YZY's Ren says 40 Chinese yards will close Shipyard chief says capacity will be sharply reduced over next three to five years.
Tanker hit by second fire at Gadani as scrapping resumes Blaze breaks out on Aces as work restarts at breakers a year after previous fatal incident.
Arrested bulker put up for sale Jamaica launches auction of Italian-owned Trading Fabrizia.
HMM falls to loss despite revenue growth Restructured Korean shipowner's deficit was $54m in third quarter.
Pacific Radiance cuts the red ink in third quarter Offshore vessel owner making headway in raising fresh funds with potential investors.
Singapore Shipping eyes potential S+P return Car carrier owner "cautiously optimistic of investment opportunities" in the near term.
Jurong fined $294,000 over rig accident Singapore yard said to have failed in its duty to ensure the safety and health of employees.
PIL prices SGD 60m three-year notes Singapore liner operator sees investors offer just 25% of 2018 bonds under exchange offer.
Vard Holdings slashes the red ink Diversification strategy at Norwegian shipbuilding group looks to be starting to pay dividends.
FMC's NVO rate agreement simplification moves to proposed rulemaking The U.S. Federal Maritime Commission (FMC) on Wednesday voted to move forward with issuing a notice of proposed rulemaking in the Federal R...
WTO backs U.S. against Indonesia agricultural import licensing The World Trade Organization on Thursday ruled in favor of the United States when it reaffirmed that Indonesia's import licensing regimes f...
U.S. imposes countervailing duties on biodiesel imports The U.S. Commerce Department will begin to collect countervailing duties on imports of biodiesel from Argentina and Indonesia, the departme...
FTA, FRA award PTC grant funds to 17 projects The U.S. Department of Transportation's (DOT) Federal Transit Administration (FTA) and Federal Railroad Administration (FRA) have selected ...
OL Intl. acquires U.S. operations of Australian logistics firm New York-based logistics company OL International Holdings has acquired the U.S. offices of Transitainer Global, a specialist in the shipme...
EVA Air Cargo receives first Boeing 777 freighter EVA Air Cargo took delivery of its first Boeing 777 freighter on Wednesday for service on routes between Asia and North America starting in...
Port NOLA box volumes surpass 500k TEUs for its third straight year The Port of New Orleans (Port NOLA) surpassed the half-million mark for TEUs at its Napoleon Avenue Container Terminal for the third consec...
HMM posts $865.4m loss in Q3 2017 Source: Sheila Fitzgerald/Shutterstock Hyundai Merchant Marine's container volumes for the quarter reached 1.05 million TEUs, an increase of...
Port of Long Beach sets monthly TEU throughput record Last month was the busiest October in the Port of Long Beach's history, as container volumes surged 15 percent compared to the same month a...
Iraq announces plans to truck crude exports to Iran Iraq's Oil Ministry announced in a statement Friday that it has signed a "preliminary agreement" with Iran to export between 30,000 b/d and 60,000 b/d of crude oil by truck from the country's Kirkuk fields.
US rig count increases by nine to 907: Baker Hughes The US rig count rose by nine to 907 this week, driven entirely by an increase in oil rigs, Baker Hughes data showed Friday.
Italy's Trieste port to undergo partial maintenance Nov 14-20 Scheduled maintenance will start Tuesday on berths one and two at the crude discharge terminal of the Italian port of Trieste, sources said.
NYMEX December crude falls below $57/b on profit-taking The oil complex weakened Friday, pulling NYMEX December crude 43 cents lower to $56.74/b, as traders likely closed out positions at the end of a week that saw crude futures reach levels last seen more than two years ago.
ARA dirty product stocks rise despite reports of tightness: PJK Stocks of fuel oil and other dirty products in the Amsterdam-Rotterdam-Antwerp hub edged up 57,000 mt in the week ended Wednesday to 1.413 million mt, according to data from PJK International.
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