Rising VLCC storage offers owners hope, but big rally unlikely Contango in crude increases but not enough for widespread storage play
Daily Briefing As one German boxship owner fights for survival, a newcomer fancies its chances at expansion and cracking America
DryShips tumbles ahead of latest reverse split Diversifying company plans one-for-five exchange to take effect this week
ICS warns against regional ballast demands Chamber advocates for temporary exemption of vessels unable to conduct ballast water exchange
Handysize bulker rates recovery to be short lived Latest weekly rally ends two-month rate slide but oversupply persists
Capitalising on post-acquisition integration Consolidation of container lines is only the first step towards carrier profitability
ONE set to become world's fifth-largest box carrier Drewry predicts a second wave of mergers soon involving medium-size carriers - leading to even fewer options for shippers -...
Dismal and steady as she goes amid summer VLCC sluggishness Earnings have moved little as seasonal slowdown takes hold
In the same bit of sea It takes two ships to collide
Marshall Islands court rejects Frontline claim against DHT Frontline in checkmate as it is precluded from further action
Bergeron: Cargo owners should pay more for shipping Cargo interests may need to share the burden of costly environmental regulations
MCA maritime salvage expert recognised in Queen's Birthday Honours UK Sosrep Hugh Shaw is made an OBE
Liberia renews push to delay ballast water compliance Two-year extension would give some ships a reprieve until 2024
Falling bunker costs to benefit box lines Second-quarter results likely to reflect a slight fall in fuel costs boosting the bottom line, despite playing a smaller role...
Nordic American Tankers adopts poison pill strategy Shareholder agreement to ward off any unwelcome takeover attempts
Data Hub: Load Factors New tonnage threatens to put the squeeze on vessel utilisation if demand falters
Malaysian navy locates sunken tanker Naval hydrography vessel finds wreckage via multi-mean sonar
Wärtsilä expects 17 ballast water systems to be approved by USCG Finnish giant also incentivising users to switch on its systems to send back data
Philippine flagged boxship collides with US warship off Japan Seven US naval personnel killed and three injured while boxship crew were unscathed
Hawaii trade in sights as American Shipping looks to branch out Chief executive says the Oslo-listed company sees more opportunities in the Jones Act market.
GasLog CEO: ship deficit grows with US LNG Destination diversity for US LNG exports to keep shipping demand firm.
Teekay chief sees market bottom near Teekay Tankers poised to ride recovery with enlarged midsize fleet, Hvid says.
Petredec books up to four VLGCs in China UPDATE: Singapore-based LPG trader confirms order says deal will lift fleet to 21 large gas carriers.
Highland drops Ocean Rig objections George Economou-led company moves forward with restructuring as creditor retreats on settlement deal.
Vroon puts car carrier fleet, three tankers up for sale Dutch owner looking to offload more vessels as part of refinancing deal; 2016 loss was $190m.
Control Risks urges owners to be vigilant Maritime risk consultancy argues spike in pirate activity should have vessel operators on their toes.
New tanker refloated off Canada Investigation begins into how 2017-built Desgagnes vessel got stuck in St Lawrence Seaway.
UK PSVs weaken further But anchor-handlers make gains as tonnage stays tight in Norway.
JP Morgan shipping fund raises $480m US investment bank expands its portfolio and says it has already spent $312m on 14 assets.
Cargoship beached by storm Indonesian vessel goes aground in bad weather in Banda Sea.
Dockworkers call two-hour Euro strike Workers in many ports around the continent will walk out to support their Spanish counterparts.
Hornbeck's $300m loan a 'clear positive' But Clarksons Platou says questions remain over payment of bonds in 2019.
DSME worker dies in ladder fall Nepali man plunges five metres while painting a vessel in Geoje.
Romanian yard recruits 300 Vietnamese Vard's Tulcea bringing in Asian welders and locksmiths.
Macquarie to seek new Rickmers investors Investment house brought in to identify fresh cash for insolvent German owner; CEO Van Meenen quits.
Posco looking to offload HHI stake Korean steel-making giant could bank as much as $171m from sale of shares in shipbuilder.
Frontline precluded from more DHT claims Marshall Islands court dismisses John Fredriksen's lawsuit and puts an end to protracted takeover saga.
Hanjin Heavy offloads block plant Korean shipbuilder's disposal raising $140m as restructuring continues.
Deloitte wades into Greece-Germany tax row Survey claims Greek owners paying more compared to EU rivals.
Qatargas agrees new Shell LNG supply deal Doha gas giant shakes off fallout from regional diplomatic dispute to sign deal with energy major.
Maersk 'drops IPOs' for offshore shipping and drilling units Sources also claim that Maersk Oil listing will go ahead, but the future of Maersk Tankers is uncertain.
ExxonMobil to go ahead with Liza development Development off Guyana will see deployment of FPSO and a subsea production system.
Crewman airlifted from Japanese tanker US Coast Guard helicopter has stop on oil rig to refuel in long-distance rescue mission.
Fincantieri keeps buying Vard shares Italian shipbuilder continues to absorb shares via market transactions taking stake to 78%.
Jacobs: XPO Logistics eyeing more M&A targets XPO Logistics is getting back in the mergers-and-acquisitions marketplace, and is eying potential targets in Europe and North America, XPO ...
De Blasio: NYC jobs plan to boost freight, logistics industries New York City Mayor Bill de Blasio announced a city jobs plan that aims to spur 100,000 high-paying jobs across many sectors, including the...
ICS calls on IMO to delay ballast water convention implementation The International Chamber of Shipping (ICS), a global trade association for shipowners, said it wants the International Maritime Organizati...
Vessel speed reduction program expanding to San Francisco Bay area An ongoing initiative to cut air pollution and protect whales in the Santa Barbara Channel region is expanding to the San Francisco Bay are...
ANF Logistics launches tech tools for freight quoting, tracking Third-party logistics provider AFN Logistics has announced the launch of two new technology tools for freight quoting, tracking and servici...
Drewry: Vessel oversupply, lower rates in LPG market to continue An oversupply of vessels in the liquefied petroleum gas (LPG) shipping market is expected to continue the over the next couple of years, th...
Trump's changes to U.S.-Cuba relations roil industry President Donald Trump on Friday announced he will roll back several of the Obama administration's U.S.-Cuba trade policies, a move that ha...
First Afghanistan-India air cargo service takes off The first air cargo service between Afghanistan and India took off Monday, transporting about $5 million worth of goods, comprised of 60 to...
Report: COSCO diverts cargo from Port of L.A. to Long Beach COSCO Shipping Lines is diverting cargo away from the Port of Los Angeles to the "less environmentally stringent" Port of Long Beach, accor...
Oil weakens with crude on cusp of year-to-date lows NYMEX July crude traded as low as $44.09/b Monday, compared with a low seen May 5 of $43.76/b. ICE August Brent touched an intraday low Monday of $46.77/b, which was just 13 cents off the front-month contract's year-to-date low.
ASIA FUEL OIL MOC: Fuel oil loadings nearly complete for 3.821 mil mt traded in Apr The 380 CST grade accounted for the bulk of the traded volume at around 3.58 million mt, with 180 CST accounting for 241,000 mt, Platts data showed.
M100 cargoes moving east from Baltics on stronger Singapore market: sources Mazut 100 fuel oil cargoes from the Baltics have been bypassing the Mediterranean and being sent east to Singapore on a stronger market there, according to sources.
Regional crisis spurs Qatari ports to offer ship-to-ship bunkering: QP - Marine fueling service available as of Monday - First fuel oil shipment arrives at Ras Laffan - Qatar seeks bunkering 'self-reliance'
External: Wired Bunkering
Oil market fundamentals moving in right direction: Saudi Arabia's energy minister "Our goal at the launch of this initiative in Algeria, was not to reach a specific price," Falih said.
Oil at $30/b oil next year if OPEC fails to deepen cuts, IAEE conference hears -Oil surplus to grow next year -US shale oil output a key factor -Riyadh to face critical decisions from mid-2018
FUTURES: Crude lower as US drillers add oil rigs for 22nd week
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
