GoodBulk launches rights issue to help finance more capes Fundraiser timed to boost coffers ahead of six CarVal capesize options
Baltic Exchange names SSY's Duncan Dunn as chairman Simpson Spence Young senior director has years of experience in the derivatives industry
Tufton Oceanic Assets scales back IPO target London firm cuts funding target from $150m to $100m
Japanese ultramax resale lifts M/Maritime fleet to 13 The Shin Kurushima ultramax will be the 13th vessel secured by the Mytilineos family-backed bulker company
Glencore says electric cars to boost demand for cobalt, copper and nickel Further boost expected from coal production next year owing to extra volumes from an acquisition
FMC's Doyle to take top job at dredging association Uncertainty over reappointment sees regulator return to private sector
Forties outage to benefit aframaxes and suezmaxes VLCCs could take a hit from removal of Hound Point shipments and wider Brent-Dubai premium
Removal of grounded containership facing delays Weather hampers recovery of ruptured vessel Kea Trader
Daily Briefing As part of our 2017 Top 100 most influential people in shipping series we look at the very best global...
Baltic LPG Index rises to a seven-month high VLGC rates jump by more than 10% this month on strong chartering activity in Middle East and traffic issues in...
Top 10 in finance 2017 As part of our 2017 Top 100 most influential people in shipping series, we look at how Chinese institutions are...
Cosco Shipping president moves to tourism role Announcement made amid rumours of further changes to shipping company's leadership in near future
Kuehne+Nagel reports 6% UK gender pay gap Female employees earn less at Switzerland-based forwarder in the UK, but pay gap is still significantly lower than the government benchmark
Zero-emission vessels declared key to decarbonisation in shipping Fresh study by Lloyd's Register says ZEVs will need to be part of the global fleet by 2030 to meet...
Call to loosen Indonesia's cabotage rules OECD report recommends gradual vessel-specific exemptions in coastal shipping and the clearing of supply chain bottlenecks as part of the...
Eagle Bulk completes $256m refinancing Deal extends the maturities of the outstanding debt to 2022
TEN declares new charters valued at $32m gross revenue Aframax tanker and two MR vessels fixed for an aggregate of six years
MPC Container Ships buys three feeder vessels from Harmstorf Reederei The company paid a total of $31.9m for the three ships.
FSL Trust trims debt with disposal of vessel Net proceeds from the disposal will be used to pay down the trust's outstanding loan facility
Japan's Kamigumi plans bulk terminal at Thilawa Port in Myanmar The joint venture between Kamigumi and Myanmar's Lluvia is expected to be established in April 2019
Keppel O&M wins orders worth $96m from Petrobras and SOFEC Deals are for the manufacture of components on a floating production, storage and offloading vessel as well as a floating...
Smart people are the key to the future of maritime Technology leaders must work harder to persuade the maritime industry that their version of the future is the real version
Jones Act vessels expected to diminish through 2022 Almost 15 ships may be scrapped over next five years due to age of overall fleet, analysts say.
Clarksons sees Golar LNG price catalysts Outages at major sources of natural gas lifts European prices, with further gains seen in spot shipping rates.
Tankers yet to rally on Forties outage Short-term fixture activity may see gains as crude stream shut, as US exports may be main beneficiary.
Shipowners groups call for 2020 sulphur fuel 'prohibition' Plan aims to stop shipowners flouting rules and gaining unfair advantage.
Enesel adds two more crude tankers to fleet Greek owner books fourth VLCC newbuilding and takes management of new aframax.
Eagle Bulk Shipping eyes growth after refinancing Chief executive opens door to dividend and suggests asset values may inch down short term.
MHI and Wartsila plot propulsion boost Yard and tech company team up on more efficient ship systems.
Duncan Dunn takes Baltic Council chairmanship SSY Futures man steps up one year after SGX takeover was completed.
DZ 'brings in Goldman Sachs to sell DVB' German bank moves ahead with plans to offload shipping lender.
Shell springs tanker chartering probe after staff suspension Whistle-blower raises alarm at colleague's dealings with specific brokerage.
Modec tipped to have taken Euronav VLCC Deal would mark the FPSO player's first buy in three years.
HMM launches rail service to Europe Korean owner using Trans China Railway to speed up cargo shipments.
CLC expects earnings boost from bigger fleet Dennis Uy-backed company has expanded capacity by 10% following Manila IPO.
Bondholders table alternative plan for Seadrill Investors reported to have come up with a rival package to restructure drilling company.
MOL lines up blockchain trial with IBM Japanese owner also teaming with Mitsui to test cross-border trade operations.
EMAS wins more time for restructuring Singapore owner extends deal for new investors to pump in $50m.
Taylor dismisses handysize link, still looking to grow Founder says company open to adding more ships despite passing on handy after inspection.
Viking Supply wins backing from lenders Refinancing agreed as Sveaas-backed OSV owner continues with rights issue.
Concordia Maritime adds newbuilding on time charter Kim Ullman-led company makes counter-cyclical move alongside Stena Bulk.
Skangas makes UK SSLNG breakthrough Norwegian producer inks fleet sourcing deal with Grain LNG.
SolstadFarstad sells veteran anchor-handler Norwegian owner offloads OSV laid up in Indonesia.
USC selling 50%-plus stake in Finnish yard Russian company wants new domestic partners for Arctech as it eyes cruiseships.
GoodBulk in $80m rights issue to back CarVal deal Oslo-OTC quoted owner on the hunt for further funds to support capesize purchases.
Kristian Rokke takes leading investment role at Aker Businessman also earmarked to take the chairmanship of Akastor.
Vopak venture fixes $1.25bn loan Dutch company's Malaysian operation taps nine banks to develop Pengerang terminal.
Bulker master executed by Abu Sayyaf Body of Pham Minh Tuan found by police in the Philippines.
Jumbo heads to China for new heavy-lifter Dutch owner picks China Merchants yard for LNG-ready unit.
Ultrabulk awarded $4.26m in Indian coke row UK court rules producer Gujarat NRE's chairman liable for debts arising from 2007 cooperation deals.
Bauxite deal to see Khalifa made capesize ready UAE port claims it will be the first in the region capable of handling large bulkers.
Apeejay raids second hand market for panamax Growing Indian owner has acquired its second gearless bulker in less than three months.
Tufton Oceanic Assets plans $100m IPO UK-based fund manager eyes listing on specialist fund segment of London Stock Exchange.
POSH expects to report more impairments However, Kuok-backed offshore vessel operator said it is seeing improved utilization.
Eagle Bulk refinances $265m in debt New York-listed bulker player extends debt to 2022.
Yangshang Port to utilize Internet of Things in fourth development phase Shanghai International Port Group (SIPG) plans to utilize internet and automation technologies in its port complex to create "smart, green,...
SISI: Global ports see stable throughput growth in Q3 2017 Cargo throughput at major ports across the globe grew by 6.4 percent year-over-year during the third quarter of 2017, according to a report...
Cargotec, Orange Business Services sign IoT agreement Finland-based Cargotec has signed a three-year, multimillion euro agreement with Internet of Things (IoT) provider Orange Business Services...
Maersk looks to increase client prices in 2018 The third quarter of 2017 saw demand fall behind oversupply in the maritime industry,a Maersk Line official told Bloomberg in an interview ...
Daher to build new logistics platform near Paris airport French equipment supplier Daher is expanding its third-party logistics services to Paris-based aircraft manufacturer Dassault Aviation, wit...
Commentary: Talk of abandoning WTO follows a pattern The World Trade Organization (WTO) is holding its biggest meeting in two years in Buenos Aires, Argentina this week. The significance of t...
U.S. trade chief negotiator says 'serious challenges' exist for WTO U.S. Trade Representative Robert Lighthizer warned his counterparts at the start of the World Trade Organization's Ministerial Conference i...
Massive Hindu temple construction in NJ involves long, winding supply chain Driving down a nondescript grass- and tree-lined four-lane highway in the middle of New Jersey, there's little indication that an immense s...
FAA fines battery shipper $1.1m for hazmat violations The U.S. Transportation Department's Federal Aviation Administration (FAA) has proposed a $1.1 million civil penalty against Sarasota, Fla....
ICE Brent leads oil futures lower, despite prolonged Forties disruption The oil complex fell Tuesday reversing course from Monday when the closure of the Forties pipeline sparked a rally that drove front-month ICE Brent to its highest level since June 2015.
Novorossiisk bunkering disruption continues as storm warning extended Bunkering operations at Russia's Black Sea port of Novorossiisk continued to be subject to delays Tuesday as a result of stormy weather.
Vopak seeing early impact on bunker storage demand from 2020 IMO rule Global storage operator Vopak is seeing demand for fuel oil storage after 2020 dropping already because of tighter bunker sulfur limits.
External: Wired Bunkering
TRADER NOTE: Bimco re-appoints Frew as CEO to focus on environmental rules Frew was appointed secretary general and CEO of Bimco in September 2013.
ANALYSIS: Brent/Dubai EFS soars to 17-month high on Forties pipeline shutdown "t;[There is a] structural impact, but I haven't heard anything impacted on the physical side yet as [the sour crude] market has been very quiet," a Chinese trader said.
Trafigura banks on greater price volatility in 2018 after full-year profit falls Total volume traded in oil and petroleum products rose to 256.0 million mt, from 205.4 million mt in 2015/16 and 146.3 million mt in 2014/15.
Attacks on ships in Asia at 10-year low over Jan-Nov: ReCAAP A total of 71 reports were made over January-November, down from 78 in the same period of 2016.
FUTURES: Brent spikes to above $65/b on Forties pipeline outage
Canadian heavy, light crude plunge accelerates amid oversupply conditions WCS at Hardisty traded at WTI CMA minus $21.50/b Monday, marking the lowest assessment for it since it reached minus $21.65 on July 31, 2014.
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