Yard Talk | How are shipbuilders making money again? Major listed yards in China and South Korea enjoy profitability in January-March
Suicide rates at sea have more than tripled in a year More than one in seven deaths on vessels were suicides - and social media may be the cause, according to UK P&I Club
Results Round-up Tankers look for bright spot in a challenging first quarter as dry bulk owners see mixed fortunes
GulfMark to file for Chapter 11 Offshore outfit looks to slash more than $500m of debt as noteholders agree reduction in note payments in exchange for future equity
Major task ahead for lines amid new influx of ULCs Drewry highlights the risk of yet more big ships entering the major trades
Absence of one-off gains cuts Pan Ocean profit South Korean dry bulk owner stays in the black and has high hopes for 2017
Equity markets take dim view of box shipping prospects Overcapacity and competition lead to bearish outlook for liner companies, conference told
Fresh coal cargoes fail to stem supramax bulker slide Despite overall fall, spot deal reported at $20,000 per day from Colombia to Chile
Avance Gas looks beyond losses to hopes of a better 2018 Focus is now on maintaining operational efficiency, reducing costs and preserving strong liquidity position and balance sheet
Success of new alliances too early to call BIMCO analyst says meaningful judgements cannot be made until at least 2018
Cosco Shipping poised to launch investment fund As well as financing newbuildings and secondhand tonnage, venture will also focus on distressed shipping assets, restructuring and securitisation deals
Distressed debt investor linked to HSH Nordbank bid Cerberus eyes German lender's non-performing loans
Offen rules out boxship orders amid continued overcapacity threat Huge volume of new boxship deliveries in the coming years could make fragile recovery stillborn, say industry experts
Eight-day strike to hit Spanish ports Go-slows in major ports have already begun as unions protest labour reforms
Box shipping recovery relies on ordering restraint, owners told Shipyard overcapacity remains a threat to stability, says James Frew
Torm posts small first-quarter profit Danish tanker operator confirmed sales of three ships built in the early 2000s
J. Lauritzen's owner injects capital as loss widens Market remains challenging despite improving dry bulk rates, says chief executive
Further consolidation likely if box line balance sheets not repaired Carriers cannot afford another extended period without profitability
World box traffic surged 10% in first quarter Intra-regional trade was the primary driver of growth, with volumes up 17%, versus 7% for deepsea traffic, CTS preliminary data shows
HMM seeks handling fees review with PSA at Hyundai Pusan Newport Terminal Shipping line says it pays higher fees compared with other carriers using terminals in the port
Settlement deal reached with most of the Stellar Daisy seafarers' families Polaris Shipping says it will continue the search for the 22 missing crew members to the best of its ability
Thoresen Shipping back in the black on BDI recovery Group's average TCE rate in the first quarter stood at $7,015 per day, an 87% rise from the year-ago period
GasLog Partners raises $139m from unit offering Net proceeds to go toward asset buys, debt repayment, capital expenditure and working capital
HMM reports smaller Q1 loss Hyundai Merchant Marine (HMM) reported an operating loss of 131 billion South Korean won (U.S. $117 million) in the first quarter of 2017, ...
Spanish unions call for more port strikes Spanish trade unions have called for another wave of port strikes in protest of the government's plan to change the existing labor system a...
Evergreen earnings turn a corner in Q1 Evergreen Marine Corp. had a net profit of 168.9 million New Taiwan dollars (U.S. $5.6 million) for the first quarter of 2017, up from a lo...
Industry groups push for increased freight infrastructure spending Various freight transportation groups from around the country are traveling to Washington, D.C. this week to encourage more spending on inf...
New USTR chief gets to work Robert Lighthizer was officially sworn in Monday as the United States' new trade representative. "President Donald Trump made a promise to...
Executive Moves: VersaCold and Pilot Freight Services Source: Pressmaster/Shutterstock VersaCold Logistics Services appoints chief operating officer, while Pilot Freight Services names vice pres...
Port of Cleveland unveils future investments The Port of Cleveland unveiled projects to repair key bulkheads and improve efficiencies at its facilities. Over $6 million in funding wil...
UPS incorporates AI in package tracking Package delivery and logistics provider UPS has integrated its chatbot platform with the "UPS My Choice" function to allow customers to tra...
Milaha commences Doha-Dubai service Qatar-based maritime transport and logistics company Milaha is launching a new door-to-door shipping service between Doha and Dubai, the co...
TENDER DATA: Trafigura wins Surgutneftegaz fuel oil tender; sources Traders have expressed surprise at the very high levels at which the tender concluded.
Discipline in tanker orders offers chance for market stability: TORM CEO TORM's earning's presentation states a solid balance sheet with net loan-to-value of 55% and available liquidity of $405 million as of March 31.
ULSD moves out of ARA storage as contango narrows The June/July spread has been trading at minus 25 cents/mt in recent days, a record high for the June/July contract and a level unlikely to prove profitable for storage.
NWE LSFO cash flips to contango to front month as prompt supply rises The physical cash to front-month structure moved to a contango of $2.25/mt Monday from a $0.50/mt backwardation at the end of last week.
External: Wired Bunkering
FUTURES: Oil ticks up amid mixed outlook on supply
TRADER NOTE: Bunker Holding makes CEO changes at three subsidiaries New appointments are aligned with market requirements.
Saudi Arabia ratifies IMO's Ballast Water Management treaty Saudi Arabia deposited its instrument of accession with IMO on April 27.
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