Port of Piraeus posts earnings, volumes for 2016 Source: Milan Gonda/Shutterstock Container throughput at the Port of Piraeus in 2016 fell 20.3 percent from a year prior, as Pier I's main c...
Union Paving and Construction Co. wins contract with Port of NY/NJ Source: The Port Authority of New York and New Jersey The Port Authority of New York and New Jersey awarded the contract to Union Pacific an...
ZIM signs up with Alibaba ZIM is the latest ocean carrier to sign up with Alibaba to allow customers of the e-commerce site to book space on its vessels, Reuters rep...
Executive Moves: CP and Troy Container Line Source: Pressmaster/Shutterstock Canadian Pacific Railway names chief marketing officer, while Troy Container Line promotes FCL export manag...
2M Alliance to adjust transatlantic string Mediterranean Shipping Company said the 2M network will add the Port of Wilmington, N.C. and a second weekly call tothe Port of Savannahas ...
Qatar Airways Cargo expands pharma flights Source: Qatar Airways Qatar Airways Cargo started an additional weekly flight from Basel to Doha, and launched two additional Airbus A330 fr...
Death of an ocean carrier Source: Sheila Fitzgerald/Shutterstock Hanjin was once the largest container carrier in Korea and the seventh-largest in the world. It's al...
Mantle Ridge fires back at CSX Activist investor Paul Hilal's Mantle Ridge LP has sent a letter to CSX Corp. to clarify its position in negotiations to install outgoing C...
Southeastern Freight Lines continues Texas expansion Less-than-truckload carrier Southeastern Freight Lines has opened a new service center in Garland, Texas. The 104-dock door facility is th...
Oil complex nearly flat after NYMEX RBOB crack rebounds from low NYMEX March crude settled 4 cents higher at $53.40/b, off an intraday low of $52.88/b. ICE April Brent settled 16 cents higher at $55.81 after having fallen as low as $55.10/b.
Malta bunker market bearish amid mixed dynamics The marker closed Thursday at $55.40/b Thursday, down 44 cents from Wednesday's settle
Heavy refinery works in Europe could be postponed on good margins
Uncertain tax position clouds Italian bunker market: sources Bunker fuel traders selling in Italy to have Italian VAT registration, so that VAT of 22% can be levied and maybe claimed back
External: Wired Bunkering
Finland's Viking Line sees 18.9% drop in bunker costs in 2016 Consolidated bunker expenses fell to Eur39.5 million (about $42 million) as a result of lower prices and efforts to optimize its vessels' fuel consumption
South Korea's Hanjin Shipping officially declared bankrupt: agency South Korea's Hanjin Shipping was officially declared bankrupt by a Seoul court on Friday after a two-week period for appeal expired
Royal Vopak to expand oil storage capacity in Durban, South Africa It also plans to expand the capacity of its existing Durban terminal by 130,000 cu m
SHIPPING: S Korea's Hyundai Merchant Marine benefits from Hanjin collapse "Our volume and market share have gradually increased since Hanjin Shipping's receivership"
FUTURES: Crude ticks up on expectations of continuing supply cuts
ANALYSIS: Russian, Kazakh, Azeri crude output cuts tentatively on track The three countries are among 11 major non-OPEC producers that signed on to cut a combined 558,000 b/d in production
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