Capes underperform smaller bulkers but China's iron ore imports offer support One-year period charter fixed at $20,750 per day, highest since May 2014
Second Polaris VLOC heads to Cape Town for repairs Stellar Cosmo forced to join Stellar Unicorn when searching survivors from Stellar Daisy
American Hellenic Hull aiming for 4,000 vessels by 2020 New insurer has already insured more than 1,500 ships
Alliance carriers push through higher rate rises New data on Asia-US west coast trade indicates top non-allied carriers have kept prices flat, while alliance partners increased prices on average by 10%
Leonhardt & Blumberg teams up with Buss on ship management Combined fleet will run to 55 vessels
Tanker bulls have their time in the sun VLCC earnings soar by almost $5,000 in a day as global refinery demand looks set to rise
The end of golden-boy compensation at Seaspan Lucrative advisory fees the common thread behind Graham Porter's abrupt departure and Gerry Wang's executive pay make-over
Digitalisation: Over-hyped or a genuine game-changer for container shipping? As ocean carriers look for start-ups with appropriate digital skills, they have to understand how to introduce outsiders into their core business
Equipment imbalance hits Brazil trades Low import figures means both boxes and vessels to ship them in are in short supply for exporters
India extends tax exemptions to seafarers Salary accrued to a non-resident seafarer for services rendered outside India on foreign ships will not be taxed
Policy bank opens way for talks with pensions service on DSME aid Move is a surprise shift away from the Korea Development Bank's previous 'no compromise' stance
LPG consumption rising in India and China All eyes on potential bottlenecks at Indian ports
Strong transhipment volumes boost Rotterdam box throughput Port saw a 8.8% rise in containers handled to 3.3m teu
DryShips inks one-year time charter for newcastlemax bulker Company expects total gross backlog of $7.1m from the vessel's employment
Long Beach box throughput rises 8.7% on import demand But exports volumes were hit by the stronger US dollar
DSME chief optimistic over 2017 results Company likely returned to profit in the first quarter, says Mr Jung
Fincantieri inks initial pact with French authorities for STX France Agreement marks another step towards finalising the acquisition of Saint-Nazaire shipyard
Master of none With APL's Capt Pan being dragged into a Hong Kong court over the illegal importation of strategic commodities, cynics may suggest the master's principal role is to carry the can
Karl Schmitt of Athenian Tankers passes away Long-serving managing director at UK office of Athens-based VLCC owner.
Bulker spend doubles in active first quarter Over $2bn was invested in dry cargo ships during the first three months of 2017 as sentiment rose and public companies returned to the market.
IEA sees hurdles, and some upside, for tankers Demand growth lower and Opec cuts holding, but US crude is growing.
Wang takes $5.8m hit as Seaspan ends S&P fees Payments on transactions were more than double chief executive's regular salary
Crunch time looms for future of Korea's cash-strapped DSME Creditor meetings scheduled for Monday and Tuesday will decide how yard's future unfolds but national pension fund could prove stumbling block
Rise in Atlantic Basin cargoes could put a floor on tanker spot rates US broker says tonne-mile demand could absorb VLCC newbuilding deliveries
Offshore fleet boss pings charterer seeking rate cut
Concerns heighten following pirate attack on bulker
Sector braces for new nickel ore exports
DC Maritime explores debt fund to refinance loans as market recovers Restructuring firm highlights growing need to cover the retreat of traditional shipping lenders
Salvage advisor Brand Marine makes its mark on global scale Hamburg-based technical consultancy is taking on bigger, London-based rivals for casualty and wreck-removal business
Global offshore rig decline slows to net loss of five units
Sector tunes up for new era as wave of LNG sparks change Some Gastech goers had a spring in their step but that upbeat feel may take a little longer to filter through for others
Gas4Sea closes in on its next LNG bunkering customer
Tellurian starts LNG ship search as it limbers up to trade LNG ship-savvy co-founder Martin Houston spells out what company's vessel requirement could look like for first phase of Driftwood LNG
Engie finds a new use for its medmax LNG carrier
Sales talks continue on NYK LNG steam ship
K Line grow its horizons in LNG sector
Total poised to launch LNG ship tender for US cargoes Shipowners pin hopes on upcoming requirement from energy major as pickings remain slim elsewhere
Sellers hold fire as panamax values bounce back
Two German wide-beams go for $40m after six months
SeaChange scales down fleet and edges towards boxship exit Private equity firm Soundview follows lead of Miami-based owner by using the rising market to sell vessels
Arrest warrant issued in LPG carrier row
Union Maritime denies buying MR tanker pair
Aims Shipping buys panamax in nick of time
JME Navigation behind bulker buy as it resumes expansion Greek owner bounces back after shrinking fleet under pressure from lenders
OOCL lobs lawsuit at rail giant after crash smashes boxes Hong Kong liner operator wants BNSF to pay for cargo losses after two trains collided head on with containers from Asia.
Swiber-linked AHTS trio fail to sell at auction
Lydia Mar to manage handy sold by Nomikos
Maersk Tankers eyes clear-out of vintage MRs
Real estate specialist to aid German loans sales Ex-Flensburger chief joins loan servicing group to take advantage of private equity's appetite for deals
George Economou pounces on United Ocean bulker Greek owner believed to have continued an active year in the sale and purchase market with Kamsarmax deal.
Closing gender gap is the right thing to do - and it's good for business The small number of women - onboard and in boardrooms - is not only shameful, it is holding shipping back, because the evidence shows that diversity produces better profits
The sun is finally coming out to shine on dry bulk shipowners But unless companies exercise restraint this time, there are fears that the storm clouds might gather again
Aegeus sells bulker veteran for trading
Conversion overruns drag KNOT into the red
Fincantieri plans to rebrand STX France
Shandong Landbridge orders VLCC trio for China oil imports Dalian Shipbuilding wins contract after Chinese government awards licence to owner
Wang takes $5.8m hit as Seaspan ends S&P fees Payments on transactions were more than double chief executive's regular salary
J Lauritzen inks debt deal after $80m cash injection
Akmar coy on link to first secondhand foray since 2009
Tanker scrap sale deals take off
Governments head for Paris showdown
Canadian government backs Seajets ferry purchase
Crack in Polaris VLOC may hold clues to Stellar Daisy tragedy Another converted VLCC in the fleet sailed for weeks with crack in its hull
Rickmers Maritime closure blow to SGX's maritime hopes
SCF sets out stall to shift bulk of aframax fleet to LNG fuelling Group boss Sergey Frank wants to clean up shipping and expects the majority of his outfit's 60-ship aframax fleet to switch to LNG power by 2022
Leasing houses wary of kamsarmax craze
East of Suez long on clean tankers and shy on earnings
Buyers splash $90m on neo-panamax boxships South Koreans in $50m raid for 8,500-teu pair while Germany's ER Capital digs deep to retain three 7,850-teu vessels
Crunch time looms for future of cash-strapped Korea's DSME Creditor meetings scheduled for Monday and Tuesday will decide how yard's future unfolds but national pension fund could prove stumbling block
JP Morgan in $500m deal for up to 12 newbuilds Investment bank's Global Maritime arm backs up bullish stance with expression of interest in newbuilds at Chinese yards
Euronav: no damage nor fouling in grounding VLCC grounding in South China Sea occurred early Wednesday; refloating still underway.
Clash arises over impact of CBP Jones Act The Offshore Marine Service Association (OMSA) is disputing a report released by the American Petroleum Institute that projected "significa...
Port of L.A. ups box volumes in March Source: Ian Kennedy/Shutterstock The Port of Los Angeles handled 788,524 TEUs in March, 565,321 TEUs of loaded containers and 223,203 TEUs o...
APL unveils new Asia-Oceania loop Source: APL APL will launch the China Australia Service 3 (CA3) between North Asia and the East Coast of Australia May 21. Singapore-based ...
Rickmers Maritime winds up operations Singapore-based containership lessor Rickmers Maritime said Wednesday it will wind up operations after defaulting on loans. Rickmers Marit...
Executive Moves: Saddle Creek and Port of Prince Rupert Saddle Creek Logistics Services has hired Timothy Tyson as senior director of business development. Port of Price Rupert Vice-President ...
R.I. House Rep. seeks to repeal controversial truck tolling law Rhode Island's controversial truck-only tolling program still may not be a done deal despite being approved last year by the state's Genera...
California lawmakers approve 10-year $52.4b infrastructure bill The California Senate has approved a bill that will increase gas and diesel taxes statewide in order to fund investment in ailing transport...
Port of Indiana-Burns Harbor receives first ocean vessel of 2017 The Port of Indiana-Burns Harbor welcomed the first ocean vessel of the year, marking the official opening of the international shipping se...
REFINERY NEWS: Petroecuador Esmeraldas refinery completes planned maintenance Petroecuador's Esmeraldas refinery is now operating with normalcy after completing six days of planned maintenance, according to the company.
NYMEX May crude holds above $53/b as dollar weakens on Trump remarks NYMEX May crude settled 7 cents higher at $53.18/b. ICE June Brent settled 3 cents higher at $55.89/b.
Gibraltar bunker availability tight on limited barge access: sources Seven vessels were waiting to enter the port as barges were not ready, he said.
ANALYSIS: South Africa downstream hurdles linger as cleaner fuels push stalls - Regulatory uncertainty persists - Refining sector needs reform and investment - West Africa likely to face similar hurdles
External: Wired Bunkering
Singapore's first LNG truck loading facility ready for operations The single-bay facility on Jurong Islandwill facilitate truck-to-ship bunkering as well
SINGAPORE DATA: Mar bunker fuel sales rise 4.6% on year to 4.34 mil mt March bunker sales is the third highest on record.
DRY BULK: Q1 freight rates remain higher despite decline in demolitions Higher freight returns have translated into lower scrapping volumes, while scrap prices have increased on the back of the rise in steel prices.
TRADER NOTE: Peninsula Petroleum fuel oil trader leaves Singapore desk Quah was with the company for 19 months.
Singapore's Rickmers Maritime shipping trust to wind up Rickmers Maritime had been given until April 15 to present a restructuring plan to its main lender HSH Nordbank.
ANALYSIS: April, May field maintenance program may enable UAE to comply with OPEC cuts - Upper Zakum output down after Ruwais refinery fire - Murban, Das loading allocations down in April, May - Compliance with quota requires further cuts
OPEC sees 2017 call on its crude at 32.2 mil b/d, market in deficit Q3 - 2017 non-OPEC supply forecast revised up on US shale - OPEC 160,000 b/d above 32.5 million b/d ceiling - OECD commercial stocks 268 mil barrels over 5-year average
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