Concordia profits dive into the red Product tanker rates fall 40% while suezmaxes earn 47% less in soft market
Shipping is missing out on real benefits of data analysis Low-cost artificial intelligence and machine learning tools can unlock the value in data collected on board vessels
Post-Brexit customs revolution must meet maritime needs or risk chaos, industry warns 'Very dangerous consequences' if free trade impeded, David Davis told
Bulk carrier feels the heat in Gran Canaria Salvors called to cool cargo hold after vessel refused entry to port
Supras fall further as vessels vie for employment Brokers expect the market to stabilise soon
Driller thriller: Transocean swallows Songa Offshore for $3.4bn Combined company will have a contracted backlog of $14.3bn, by far the largest in the world
Cheap VLCCs cannibalise smaller crude tanker trades With suezmax rates near bottom, VLCC competition just makes things worse
Navig8 Chemical swings to net loss amid soft tanker market But group expects supply growth for large chemical tankers to slow substantially over the next 12 months
Container trades on course for record growth Trade and throughput figures bounce back after two grim years
Strong US port volumes bode well for box lines July the best month on record for top US container ports
Debt restructuring key to Marco Polo Marine's long-term operations Company in advanced talks to raise fresh funds from potential investors
China bans shipment of coal and iron ore from North Korea following UN sanctions Ban to come into force from September 5 this year
Avic Maritime still downbeat on shipbuilding sector Shipbuilder working with associate companies to diversify vessel product mix
Jeremy Nixon warns of risks to container shipping's fragile recovery New chief executive of Ocean Network Express says industry still vulnerable to boom and bust cycles despite unprecedented consolidation
SITC orders four boxships from Daesun Shipbuilding for $68m Boxship operator growing fleet to meet operational requirements
Spot LNG freight rates hit a ceiling at $43,000 per day Egypt's plan to import fewer cargoes may hurt LNG vessel demand
Antwerp port authorities refloat grounded containership Updated: Vessel refloated at 2100 hrs on Monday
Asset writedowns drag Nam Cheong to $482m first half loss Offshore vessel builder had earlier decided to stop debt payments while restructuring
Daily Briefing
DSME returns to profitability in the first half Extensive restructuring and more high-value newbuilding vessel orders help boost operating profit
TransAtlantic Lines ship under 'no sail' order Contractor to Military Sealift Command says ship is undergoing maintenance after completing charter.
Rand Logistics sinks deeper into the red But the Great Lakes-focused shipping specialist says contracted revenue backlog is better.
CSCL Jupiter grounded in known chokepoint Reenactment of CoscoCS bosxhip grounding shows difficulty of manoeuvring for large containerships.
Arne Blystad stays bullish as Songa Bulk strikes for $45m Chairman still likes the look of the risk reward mathematics in the dry cargo market.
Krasnoye Sormovo profit tumbles Russian shipbuilder makes less money from stable revenue in second quarter.
Boskalis splashes out $51.5m on Gardline Dutch dredging giant "fulfills strategic ambition" with takeover of UK-based marine survey specialist.
Tidewater: 'enough runway for a 747' Clarksons Platou says restructured owner is possibly offshore sector's strongest player.
Concordia Maritime chief sees tanker rates turning from 2018 Gradual improvement in the market will be seen from next year, says Kim Ullman.
Taiwan Navigation back in black Bulker owner makes money again as revenue increases faster than costs.
Grindrod shipping arm above breakeven Bulker and tanker owner says improvement in dry rates will result in smaller loss for the first half.
ESL Shipping seeks bulkers for new venture Finnish owner to charter in ships to target new Baltic volumes.
Arctic retains hope for winter warming of VLCC rates Analysts say "all hope is not lost" for seasonal upturn in big tanker market.
Dof secures new charter from Siemens Norwegian owner will deploy one construction support vessel in the North Sea until the end of 2017.
Creditors squeeze more from Rickmers Maritime Recovery rate increases by $2m as price for Navios' acquisition of nine boxships finalised at $59m.
Vyborg Shipyard rebounds into profit Russian shipbuilder improves result as revenue grows in first six months.
Loss grows at Shih Wei Navigation Taiwanese bulker owner's costs outstripped revenue in second quarter.
Bibby bulker crew evacuated after cargo trouble Crew taken off ship off Gran Canaria after ammonium nitrate fertiliser cargo overheated.
Fjord 1 shares edge up on Oslo Bors bow Ferry owner's stock rises in early trading following transfer from Merkur Market.
Aframax rates decline amid Libyan turmoil Daily returns for oil tankers reach lowest level in a month as Leon Patitsas-owned tanker unable to finish loading.
CSCL Jupiter refloated in Antwerp Port re-opened to large ships after CoscoCS boxship moved from Scheldt river.
Panoil: impact of bunker tanker ban 'minimal' Singapore owner says it can continue to trade fuel despite MPA action.
Transocean agrees $1.2bn takeover of Songa Offshore Norwegian tanker owner and investor Frederik Mohn becomes largest shareholder as rig and drillship groups combine.
Nam Cheong loses $471m in second quarter Malaysian offshore shipbuilder does a bit of kitchen sinking as it battles to stay in business.
Impairments set to drag down ASL Marine Offshore shipbuilder says move prompted by protracted downturn and uncertainty of recovery.
Red ink surges at Marco Polo Marine Struggling Singapore-listed offshore player takes huge impairment charge.
Mermaid Maritime sees second quarter profit halved Thai offshore firm says dispute between Qatar and Saudi Arabia has impacted its operations.
Euroseas succeeds in slashing red ink Improving dry cargo rates help push US-listed bulker and boxship player closer to breakeven.
Descartes bets big on MacroPoint The global logistics software provider Descartes has never been shy about making acquisitions. The company has built a mini-empire of user...
CP launches direct service from Vancouver, BC to Detroit Calgary-based Canadian Pacific Railway Ltd. (CP) has launched a direct rail transportation service from Vancouver, British Columbia to Detr...
Mercator mulls splitting dredging ops from core business India-based Mercator Ltd. confirms that it's exploring the possibility of selling off its dredging unit. India-based conglomerate Mercator ...
Major port operators welcomed in Bangladesh as congestion continues Bangladesh has been battling rising volumes and shipping traffic, leading to additional congestion surcharges by feeder vessel operators an...
COSCO containership refloated near Antwerp Photo: Port of Antwerp The CSCL Jupiter was freed around 9:00 p.m. local time Monday and is back in Antwerp for inspection. The containersh...
Declining EU industrial production offset by rising energy market Industrial production in the European Union (EU) was down by 0.6 percent in June 2017 compared to May 2017, according to estimates from sta...
PSA, PIL partner with IBM on blockchain development Ocean carrier Pacific International Lines (PIL), terminal operator PSA International (PSA) and IBM Singapore (IBM) have agreed to utilize b...
3GTMS to use project44 APIs Cloud-based transportation management system (TMS) provider 3GTMS has integrated real-time rate and transit time capabilities provided by t...
Target buys delivery technology provider Major U.S. retailer Target has acquired San Francisco-based technology provider Grand Junction to better arm itself with last-mile options ...
Oil futures nearly flat before weekly US data with gasoline in focus The US Dollar Index jumped Tuesday morning after government data showed US retail sales increased in July by the most since December.
NWE hilo FO swap falls to three month low on weakening LSFO: sources Competitive hilo offers in Platts Market on Close suggested players have a more bearish view of the LSFO market.
SHIPPING: Operations suspended at India Dhamra Port after workers killed The Dhamra is a major thermal and metallurgical coal receiving port on India's east coast.
External: Wired Bunkering
Rotterdam to Singapore VLCC freight jumps on fuel oil fixture But traders were skeptical of any bullish tone spreading across the fuel oil market for better arbitrage opportunities.
Prospects of VLGC floating storages dim as Asian LPG flips into backwardation This was unlike the same time last year, when 14 ships were anchored in the Singapore Strait, amid a contango market.
Singapore's Sing Fuels starts operations in West Africa "Besides entering Africa, we are also exploring areas like Latin America," Singh said.
FUTURES: Crude rallies after bearish drivers spark overnight crash
Singapore's MPA revokes Panoil Petroleum's bunker craft operator license "Unauthorised alterations were made on the pipelines of the bunker tankers between the Mass Flow Meters and the flow boom," the MPA said.
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