Analysts hail Navios Partners' strength after $100m equity raise Net proceeds likely to be used for vessel purchases
Panamax bulkers look for Black Sea support as earnings slide After two weeks of gains, north Pacific and US Gulf markets slow down
Chemical and product tanker markets on divergent courses Lump the two together at your peril, this is a tale of two markets
New alliance capacity spells trouble for Asia-north Europe rates With slot space to increase by nearly 10% in the coming weeks, Alphaliner casts a dim view over short-term rate prospects
Tanker hijackers demand ransom EU Navfor confirms Aris 13 and crew being held hostage after first hijacking off Somalia since 2012
Golden Ocean splashes $412m on acquisitions Listed owner strikes all-share deal for 14 Quintana bulkers including two panamaxes pitched in from John Fredriksen
Singapore arbitrators talk tactics for rivalling London City-state jurisdiction must capitalise on cultural differences and improve marketing, say panelists
China's steel for commodities deals drive vessel demand Shipping benefits long term from China sending out steel in return for coal, ores and grain
Maritime arbitration industry told to cut costs amid shipping slump But panelists divided on how to achieve that goal
Bank to auction Five Stars capesize carriers Rising asset prices prompt China's Bank of Communication to call for the arrest of two ships
Maersk and Oetker move forward on Hamburg Süd sale Maersk Line and Dr August Oetker sign sale and purchase agreement
US shippers in the dark as alliance launch date looms No details yet of terminals to be served in LA-Long Beach by Maersk, MSC and their new Korean partner a fortnight before start-up
Data Hub: Trade Statistics South American exports rise
Fighting the threat of hazardous cargoes Misdeclared dangerous goods remain a major issue for the container industry
Cunard to splash out $40m on ship upgrade Fincantieri to carry out project that will add capacity to Queen Victoria.
Tidewater's lenders agree to extend waivers Offshore vessel owner in continuing restructuring talks on some $2bn in debt.
Panama Canal plans scheduling upgrade New software system in response to increased vessel traffic and aims to shorten transits
GulfMark misses bond payment and agrees to hire advisors Shares walloped after offshore vessel owner starts clock on 30-day grace period and pledges to hire two firms known for restructuring deals.
Del Rio: Cuba selling 'like nothing else we've ever seen' Norwegian Cruise Line Holdings chief executive hopeful that Trump's business instincts will keep industry access to hot destination open.
Hurtigruten heading back to Oslo Bors Trygve Hegnar planning to take the shipowner public two years after delisting.
Golden Ocean shares fly in Oslo and US John Fredriksen-backed owner sees market value climb on back of Quintana fleet deal.
Fincantieri has no luck wooing Vard shares Extended deadline on takeover offer for shipyard shows no change in tendered shares.
Korean yards plot few new hires Major shipbuilders will recruit only a handful of workers in first half.
Havyard stretches bond payment to 2020 Oslo-listed shipbuilder wins bondholders' support as it makes one-off payment of $3.6m.
Ship tunnel moves a step closer Feasibility study to be considered by Norwegian government in May.
Hyundai Heavy targets 30% revenue rise Korean group also expects big jump in profit by 2021 as it splits into four companies.
JP Morgan gauges Navios Partners firepower Up to 11 bulkers could be added on the back of latest equity raise, Parquette says.
Nordic Tankers and V.Group tie up services Joint venture between shipowner and crew manager aimed at chemical tanker market.
CSAV lines up $260m fundraiser Chilean owner asks shareholders to approve capital increase.
Fredriksen's Seatankers sets up new company for rig buys Northern Drilling to own two units the tycoon is buying from Hyundai Heavy Industries.
Containerships cuts its 2016 loss Finnish owner says focus on operational efficiency is now paying off.
Inttra takes over box manager Avantida Online US portal moves into container repositioning with Belgian takeover.
GulfMark Offshore lands extra $10m loan New York-listed company reaches pact with lenders for vital additional financing.
Banks moving against ABG Shipyard Lenders to seek investor to take over struggling shipbuilder.
Greek bulker gets a tow off Alaska Gleamray vessel brought into port after losing power en route from China.
DSME cuts loss, mulls cash boost Restructuring yard improves 2016 result but still $2.36bn in the red.
Cochin Shipyard ferry handover delayed Two newbuildings cannot be used in India due to late infrastructure work.
Island sells again as loss hits $121m Financial restructuring taking longer than expected for Norwegian offshore owner.
Arcapita purchases $150m in Dubai logistics assets Global investment management firm Arcapita has acquired a portfolio of income-generating logistics assets in Dubai for a total transaction ...
'THE Alliance' adds Wilmington, N.C. to EC2 service The Port of Wilmington, N.C.will be called by "THE Alliance" operated all-water EC2 container service between Asia and the U.S. East Coast,N...
UPS to invest another $90m in natural gas fleet, infrastructure UPS Inc. is investing another $90 million in vehicles that run on natural gas and the infrastructure to support them, the company said in a...
Maersk Tankers to study wind propulsion tech Maersk Tankers is partnering with Norsepower Oy Ltd., The Energy Technologies Institute (ETI), and Shell Shipping & Maritime, to study ...
Special Coverage: Can ocean carriers change their spots? Tan Hua Joo has carved out a unique position in the ocean shipping industry as its resident soothsayer. The executive consultant for the ma...
Coyote Logistics opens office in Mexico Chicago-based Coyote Logistics has opened a new office in Guadalajara, Mexico, marking its 17th location, the company said Tuesday. As a U...
Commentary: Lofty climate goals flew too high The European Union's regulations aimed at curbing global airline emissions have been around in a diluted form for years, but it seems like ...
APL to join former G6 partners NYK, OOCL on Japan-U.S. loop Singapore-based ocean carrier APL, now a subsidiary of France's CMA CGM, will join former G6 Alliance partners NYK and OOCL on their jointl...
Executive Moves: Ascent Global Logistics, GSC Logistics and OSM Maritime Group Source: Pressmaster/Shutterstock Ascent Global Logistics appoints vice president of strategic accounts for Marisol International, while GSC ...
TENDER DATA: Lebanon takes 150,000 mt of 0.1% gasoil in Q2 2017 Lebanon previously tendered for 0.5% sulfur content gasoil, but moved to 0.1% gasoil as of September for environmental reasons, sources said.
US DATA: US crude stocks snap weekly build streak, fall slightly US crude stocks fell last week for the first time this year, while gasoline and distillate inventories saw larger-than-expected draws, Energy Information Administration data showed Wednesday.
East-West April fuel oil swap at 5-week low on strong selling: sources The East-West swap was assessed at $15.50/mt Tuesday, the lowest since February 9, when it reached $15.15/mt, according to ICE data.
Spanish port of Ceuta halts bunker operations on poor weather: sources The rough weather has affected other ports in the far west of the Mediterranean Sea.
Istanbul bunker premium over Novorossiisk at lowest since August 2012 Indications at Novorossiisk Wednesday were said to be stable, with indications at Istanbul pegged at $298-$300/mt delivered.
US DATA: EIA says residual fuel oil stocks down on import decline Domestic stocks ended the week at 39.144 million barrels, a draw of 368,000 barrels from last week.
FUJAIRAH DATA: Oil product stocks rise 4.4% on week to 19.71 million barrels Stocks of heavy distillates and residues totaled 9.86 million barrels, up 2.6% week on week.
FACTBOX: Avoiding bunker disputes when using mass flow meters System integrity is key in MFM-bunkering because there is no limit to how much can be lost.
REFINERY NEWS: Kuwait to permanently shut Shuaiba facility in early Apr The refiner will switch to producuing 10 ppm gasoil after the upgrade of its 466,000 b/d Mina Abdullah and 270,000 b/d Mina al-Ahmadi refineries in 2020.
China makes first-ever US SPR crude oil purchase More US crude barrels flowing to Asia.
LNG/LPG Neopanamax transits to propel tankers from third to second rank: ACP CEO Tanker segment expected to send 96.5 million Panama Canal tons (PC/UMS) through the canal by the end of 2017.
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