Diana Containerships charters post-panamax to Maersk for up to 18 months Owner also scores rate improvement for panamax in CMA CGM extension
'More British' future seen for Hamburg German maritime cluster hopes to grab London shipping services work post-Brexit
IEA's oil report boosts tanker market sentiment Supplies are up, inventories are down and oil prices are under pressure, says IEA - all positives for tanker markets
Danish authorities charge former OW Bunker subsidiary director Prosecutor indicts Dynamic Oil Trading executive over mismanagement of more than $120m
Chinese port players to rival global giants within 10 years China's rapid overseas expansion in recent years is just a start, says Drewry managing director Timothy Power
Cape earnings bounce back to over $7,000 per day Steady iron ore flows from Australia lead to gains, while forward prices help improve sentiment
Short-term pricing 'now better for shippers' on China-Europe trade Benefits to cargo owners of longer-term ocean freight contracts declining as market softens, says Xeneta
Shippers and forwarders highlight concerns over ocean freight no-show fees Customers link new late-cancellation charges to 'exceptional' recent capacity crisis, claiming carriers must compensate cargo owners for 'roll-overs' and void...
Spanish ports slapped with $3.4m fine European court goes easy on Spain for breaches of employment laws with drastic reduction of recommended penalty
Mercator Lines' reverse takeover deal axed Individual parties did not meet agreement's conditions, judicial manager says
Top Ships teams up with Gunvor on two tanker newbuildings Vessels will be on time charter upon delivery, with gross revenue estimated at $55m
Navigator Holdings and Enterprise to build US marine export terminal for chemicals Development could boost trade for Navigator's large fleet of ethylene-capable gas carriers
ClassNK certifies Isiksan yard in Turkey Facility is the second in the country to comply with Hong Kong Convention for responsible ship recycling
USCG asks ports and terminals to check cyber risks New circular seeks to develop and implement measures to mitigate more cyber attacks.
Ocean Yield gains in second quarter profit Ship leasing firm boosts dividend as Lewek Connector finds short-term employment at lower rates.
High-yield bond train on near-record track Clarksons Platou figures show 2017 to be one of the most successful years for shipowners raising funds.
Containership scrapping near two-year low
Ahrenkiel Steamship hives off four traditional panamaxes Oslo-listed MPC Container Ships (MPCC) linked to what would be its largest ships to date
The bigger, the better as summer charter lull starts Larger boxships are still commanding rates of more than $10,000 per day but the rot has set in for small and medium-size vessels
Market eyes aframax sale for new price level
Mediterranea blasts PT Pal's 'cowboy' operation Italian owner chases Indonesian shipbuilder after $22m arbitration award
Sadler steps down from Foresight
Teigen in black but writes down bulkers
Bulker auctioned after wait of nearly two years at Alang The roster of arrested ships off India's scrapping capital has lost a veteran bulker but gained a containership after an alleged collision
Maersk works to restore customer data after Petya
Liner mergers likely to see more orders head to China Strong shipyard and liner company commercial ties unlikely to survive latest round of boxship mergers, with Chinese builders well positioned to take advantage
SCI in VLGC debut as Indian owners scout sector
Navig8 links up with Flopec to expand fleet Pools power confirms 'alliance' with Ecuadorians on a suezmax tanker, but history suggests relationship could grow.
Solvang set to take lower rate for LGC
Hyundai Mipo bags tankers from Japanese shipowners Trio behind products tankers with some newbuilds destined for Norden's fleet
OOCL takeover is a giant step for Cosco down China's One Road Absorbing Hong Kong's container line gives Cosco the industrial might to be a dominant national carrier and sends out a warning to its bigger rivals
Marugame sale defies bulker price slide
Offshore brokers face rising challenge as clients struggle The offshore crisis, which has hit owners like a hammer blow, means the brokerage world is also evolving, according to three Norwegian houses
ASEF seeks IMO approval to become an NGO Up-and-coming international shipbuilding association hopes to be able to influence safety regulation at the International Maritime Organisation (IMO) from next year
IMO closes ballast water loophole New agreement on ballast water convention will not allow owners to further postpone fitting equipment by moving ship surveys forward
Independence is relative in the world of shipping directors Overseers on multiple shipping boards leads governance expert to suggest industry can do better to define and explain standards
Blackhill teams up with Starboard in Brazil
AlixPartners sees OSV owners running out of options
Piecemeal consolidation no help to OSV fragmentation Deep operational consolidation needs to put a large part of the offshore fleet in the hands of just three or four companies, says Blackhill Partners
OSVs see reversal of first small gains in rig count
Walk-to-work ships enjoy wind and oil
LNG ship primed to steam ahead after upgrade Shipowners BW and Engie give an insight into what it takes to keep a 15-year-old steamship in the game to the end of its charter and even beyond
Sunde 'eyes open' for more after breaking into offshore Well-known shipowner behind cruise and ferry operator Color Line has put cash into a subsea vessel
Cosco and OOCL in watershed deal A pivotal week in liner shipping suggests that consolidation bandwagon driving through the industry is rolling to a halt
Arpeni enters ferry game with ropax purchase
ZPMC buy to make rival GPO a partner Partnership with China's ZPMC leaves one less rival for heavy-lift specialist.
High-yield bond train remains on near-record track Clarksons Platou figures show 2017 to be one of the most successful years for shipowners raising funds.
John Fredriksen buys up stock in Oslo-listed offshore giant Billionaire has grown his stake in newly-merged OSV firm Solstad Farstad.
Alpenglow finalizes first short-line rail acquisition Denver-based Alpenglow Rail LLC, a freight rail company focused on short line rail businesses and related transportation assets, completed ...
AGT acquires interest in Montreal terminal AGT Food and Ingredients Inc., through its wholly-owned subsidiary AGT Terminal East Inc. (AGTTE), has acquired a minority interest in CanE...
Wal-Mart to institue fines on early, late and ill-packaged deliveries Wal-mart Stores Inc. plans to fine its transportation providers for deliveries that are early, late or not packaged properly, reports Bloom...
COSCO subsidiary to invest $200m in container fleet China's COSCO Shipping's container leasing arm, COSCO Shipping Development Co. (CSDC), has agreed to buy 154,000 units of second-hand conta...
Maersk to waive detention, demurrage fees stemming from Petya attack The world's biggest container line, Maersk Line A/S, is waiving demurrage and detention fees accrued by customers during the period when a ...
Report: FedEx remains top global freight airline FedEx continues to be the busiest freight airline in the world, according to the annual World Air Transport Statistics report from the Inte...
The Netherlands investigates possible price-fixing by port bunker firms The Netherlands Authority for Consumers and Markets (ACM) has launched an investigation into possible cartel behavior in the bunker sector ...
Endangered species: TIGER on the chopping block in new House spending bill The U.S. House of Representatives' Appropriations Committee has approved a proposed a fiscal year 2018 Transportation, Housing and Urban De...
Transfix snares $42 million in funding The technology-oriented truckload brokerage Transfix on Wednesday landed a new funding round of $42 million, the company said. The latest ...
Oil futures rise as market weighs stock draws against more output In its latest monthly market report, the IEA raised its estimate for global oil demand growth in 2017 by 100,000 b/d to 1.4 million b/d.
SINGAPORE DATA: JUNE VESSEL ARRIVALS FOR BUNKERING FALL 3.9% ON YEAR TO 3,378 June sales are also down 8.2% from May's volume of 4.18 million mt, the data showed.
INTERVIEW: Marsh's Harris says IMO 2020 compliance raises question of insurance cover "As far as underwriters are concerned, they expect vessels to comply with the Flag State requirements, and classificatory requirements especially."
Denmark charges former OW Bunker unit director with fraud The charge relates to the director handing out more than 800 million krone ($123 million) of credit over about 18 months to a Singapore-based company.
West-East HSFO arbitrage volumes to remain low in July and Aug: sources Singapore expected to receive about 3.5 million-4 million mt of Western arbitrage in August, lower than typical 5 million mt.
Weather disrupts bunkering at Gibraltar: sources Seven ships are currently waiting to enter the port, sources said.
Singapore bunker sales unexpectedly drop 6.1% year-on-year in June "I would have thought that sales would be higher given the Qatar row," said a trader.
External: Wired Bunkering
External: Marine Bunkering(Rotterdam)B.V.
OPEC compliance with output cut pact fell to 78% in June: IEA Compliance has fallen to the lowest since the cut came in to force in January, IEA said.
Japan's ClassNK issues Statement of Compliance to Turkish ship recycling facility This marks the first time a SOC has been issued to a ship recycling facility in Turkey.
FUTURES: Crude sees little change in Asia morning trade
OPEC forecasts 2018 call on its crude at 32.2 mil b/d, down 60,000 b/d from 2017 - OECD oil stocks 234 million barrels above 5-year average - Global demand to grow 1.26 million b/d in 2018 - Non-OPEC supply to grow 1.14 million b/d in 2018 - OPEC NGLs supply to grow 180,000 b/d in 2018
Bureau Veritas launches new solution to meet Ballast Water Management timeline D1 discharge standard is still necessary by September 8, 2017.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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