APMT's new boss sets sights on Maasvlakte2 productivity boost New chief executive admits productivity levels are still way below expectations, but new targets have been set for the end of 2017
Euroseas posts bigger loss after vessel write-downs Bulker and boxship owner keen on further purchases while prices are low
BHP deal triggers double-digit recovery in Australia-China cape rate But overall market sentiment remains bearish with weak Brazilian trade
Greek owners aim to keep top spot Shipowner's president hails 20% share of world capacity but says success must translate into benefits for struggling homeland
LR2 product tanker rates surge on strong naphtha market Daily earnings surge by nearly $8,500 on Middle East-Japan route
Spanish ports strikes postponed Unions will not go through with strike after Spanish government delays vote on labour shake-up for another week
Claims inflation could push up P&I premiums, American Club warns Rising commodity prices and political risk make 2017 outlook uncertain, says Joe Hughes
Consolidation and disruption Are we being hoodwinked by owners that talk publicly about co-operation and cutting fleet strength, then order newbuildings discreetly on the side if the price is right?
Cosco Shipping launches $875m logistics fund Fund to target central China overland logistics projects
Odfjell sails back into the black but chemtankers are still challenging Growing protectionism adds risk to chemical tanker shipping
Ex-Deutsche heavyweight Roos launches ship finance boutique Maritime Asset Partners aimed at mid-caps squeezed out by bankers
New financial sanctions in force in the UK Policing and Crime Act changes the UK's system of enforcement of financial sanctions through the Office of Financial Sanctions Implementation
Lord Davies in the frame for Lloyd's chairman Former trade minister reported to be in the frame to succeed John Nelson as nominations committee weighs merits of market outsider
MayBulk affiliate refloats grounded vessel Total salvage expenses are estimated at $800,000
DSME wins LNG vessel patent case in China China State Intellectual Property Office dismisses application by Chinese shipbuilder
Guangzhou Port Co gets IPO approval Port operator expects to raise $233m to invest in port expansion project
Fincantieri extends Vard offer deadline to March 10 No mention made about any offer price increase in the latest statement
LNG shipping rates soften as Asian demand maxes out LNG carrier spot charter rates drop more than 10% to $43,000 per day from January levels
South Carolina box volumes rise 8% Port authority handled an all-time record container volume in January, a traditionally slow month
German shipowners join chorus against EU ETS Decision will have adverse impact on jointly held discussions within the IMO
Dry bulk market buffeted by mixed trade prospects Future earnings will partly be influenced by events beyond the control of shipowners, says MSI
Japan inks five dry bulk newbuild export orders Result is a 45% increase over the year-ago month
RightShip chief executive Warwick Norman steps down Mr Norman will stay on as a strategic consultant to assist in the transition to a new chief executive
HMM's Asia to US west coast volumes double Updated: HMM to buy another terminal operating firm from Hanjin
Concrete proposals Shell has started a charm offensive over the decommissioning of its Brent field
Dof sees wider loss at year's end Oslo-listed offshore vessel owner sees slightly worse utilisation in fourth quarter.
ER Schiffahrt strengthens focus on shipmanagement Switch from KG-related player to emphasis on third-party management reflects the new market realities
Cyprus shipmanager returns to roots for cruise campaign Columbia Cruise Services aims to grow as third-party manager in the 'cruise centre' that is Hamburg
German shipping faces ongoing upheaval as slump shakes sector Much of country's shipping heritage is being lost as the industry continues to suffer what could well turn out to be the deepest and longest downturn in its history
Economou linked to $210m-worth of tanker and bulker transactions George Economou is being linked with fleet transactions in the tanker and bulker markets in deals that could run to $210m for eight vessels.
Greeks test the water for VLCCs at Korean yards Low pricing is tempting major owners to explore newbuilding orders
Owners hold the upper hand in pricing clashes with P&I clubs Rate reductions of up to 5% are starting point for many negotiations, with fewer fleets on the move
Golar LNG poised to tow veteran Gandria in for FLNG conversion New name revealed for world's first LNG carrier-to-FLNG unit conversion as eyes turn to second job
Bad decisions led to 'new normal' of boom-bust: Seacor's Fabrikant Pain has become common for offshore owners as the industry has been littered with over-exuberant belief in 'new paradigms' for 45 years, says head of major US group at the OSJ conference
Hyundai Heavy declares VLCC rudder woes solved South Korea's Hyundai Heavy Industries (HHI) says it has solved technical issues that had affected the rudders on some of its recently delivered and under construction VLCC newbuildings.
El Faro: safety experts question stability rules Logic questioned of 2009 amendments to Solas convention that means older ships face less stringent standards
Zeaborn marks 'milestone' by buying loss-making rival German company's acquisition of Rickmers-Linie shines the light on an investor with an 'anti-cyclical' approach to shipping
Navibulgar axes options and pushes back deliveries Bulgarian owner and Jiangsu Hongqiang Marine Heavy Industry agree to delay completion of order due to yard's inexperience with unconventional design
UK court rejects Teekay Tankers claim over STX Judge rules in favour of yard's argument that agreement over the 12 options was void
Navig8 Group closes in on $340m LR2 order in China Deal for up to eight tankers backed by Minsheng and New Times buyers' credit
Songa Bulk has cash to double fleet Arne Blystad-backed Songa Bulk has the firepower to more than double its fleet after an over-subscribed private placement last week.
Oldendorff buys post-panamax at bargain price Germany's Oldendorff Carriers continues to be active in the sale-and-purchase (S&P) market by buying a Chinese-built, post-panamax bulker from compatriot owner Herm Dauelsberg.
MSC holds talks on taking a chunk of Linea Messina Further consolidation is on the cards with Gianluigi Aponte eyeing synergies from buying into family owned Italian conro specialist
Wagenborg strengthens fleet with 15 MPP ships Dutch owner adds seven ships from compatriot Feederlines andeight ships from Germany's Liberty One Shipmanagement
Citibank to release arrested Toisa tanker Bankrupt shipowner gets back vessel to help fund debt obligations to bank.
Diana Shipping finds work for capesize New York-listed owner nets new charter from SwissMarine amid signs of market improvement.
Taiwan Nav buys Yang Ming stake Compatriot owner spends $6.5m on container line's shares in private sale.
DSME claims victory in patent case Korean yard says Chinese attempt to block LNG fuel system has failed.
Morch charts 'Odfjell Compass' growth paths Chief executive explains how 100-ship target can be reached; insists strong balance sheet will not be surrendered.
DBS loan provisions jump to $1bn Offshore shipping woes hit annual result at Singapore's biggest bank.
HMM in talks with Walmart Korean owner looking to take over US retailer's deal with collapsed Hanjin.
Ocean Yield in stop-gap deal with Ezra Oslo-listed owner signs new charter for Lewek Connector; stays at table for EMAS Chiyoda talks.
APL Austria damage revealed South Africa says at least 300 boxes to be removed after fire in cargo hold.
Salvage plan awaited for holed boxship Danish authorities working with Peter Dohle to patch up grounded Victoria.
Hanjin bankruptcy closer than ever Korean liner company removes most online pages and sells remaining terminal business to HMM.
PGS expects better 2017 but stays red Seismic vessel operator posts $293.9m loss but gets ready for market recovery.
RMT pleads with creditors to take a hit Singapore boxship trust continues survival fight as losses mount.
Fincantieri wins $5.1bn order from NCL Cruiseship owner inks deal for four firm vessels, plus options for two more.
Odfjell targets fleet of 100 ships as it returns to profit New long-term project will see owner add around 30 vessels as it focuses on chemical tankers.
Fugro buys chartered Solstad OSV Dutch owner takes over former Rem ship following long-term lease.
ILA, USMX say informal contract talks were 'productive and fruitful' The International Longshoremen's Association (ILA) and the United States Maritime Alliance, Ltd. (USMX), which held informal contract discu...
Executive Moves: Alaska Airlines and Siemens Postal, Parcel & Airport Logistics Source: Pressmaster/Shutterstock Alaska Airlines has named Charu Jain vice president and chief information officer and Chris Berry vice pr...
DP DHL parters with Huawei on IoT supply chain tech Source: AR Pictures/Shutterstock Deutsche Post DHL Group is partnering with information and communications technology solutions provider Hua...
SoftBank to acquire Fortress Investment SoftBank Group Corp. said it had entered into an agreement to acquire Fortress Investment Group LLC for approximately $3.3 billion in cash....
HMM acquires two more Hanjin terminals South Korean shipping company Hyundai Merchant Marine (HMM) said Thursday it has entered into a contract to acquire Hanjin Shippingterminal...
NSC: Motor vehicle-related fatalities jump 6% in 2016 Source: Jaromir Chalabala/Shutterstock An estimated 40,000 people died in motor vehicle crashes last year, the most since 2007, according to...
Two terminals at Port of Antwerp to offer 24-hour gates Two major container terminals at the Port of Antwerp will be offering 24-hour truck gates during the week starting March 20, 2017, the port...
SCPA's box volumes soar in January The South Carolina Ports Authority (SCPA) handled 185,018 TEUs in January, up 27.5 year-over-year. Loaded imports in January stood at 83,09...
NRF: U.S. container imports to grow 4.7% in first half 2017 Import volumes at major container ports in the United States are projected to rise 4.7 percent in the first half of 2017 compared with the ...
March-April 3.5% barge timespread positive for first time in four weeks The March-April timespread was trading on the Intercontinental Exchange at 50 cents/mt at 1200 GMT Thursday. The last time it was positive was January 17, when the ICE settlement value was also 50 cents/mt.
External: Wired Bunkering
FUTURES: Crude steady amid OPEC cut compliance, high US stocks
Aframax rates rocket 34% on day on increased activty, fewer ships Rates rise on fundamentals
TANKERS: Asia LR2 rates at five-week high on demand surge, supply squeeze The supply squeeze is impacting the key Persian Gulf-Japan LR2 worldscale rates, which have moved up by 32.5 worldscale points in the last two days
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