Sovcomflot slips into the red on weak oil tanker businesses Russian state carrier suffers from weak crude and product tanker markets
Time is money for Angeliki Frangou Time is not always on your side when refinancing a $300m bond
J Lauritzen to focus on handysize bulkers after strategic review Danish company also wants to be part of the technological revolution taking place within the maritime industry
Crude tankers: Hope of bottoming out Minor recovery expected despite risks from oversupply and extended Opec cut
Onus of shipping decarbonisation is on regulators, Maersk warns Zero carbon technology will not happen without reliable regulation, according to Maersk sustainability chief John Kornerup Bang
IMO climate strategy must be in line with 1.5°C temperature rise limit Adopting IMO's initial strategy is critical, but it must be an ambitious one, writes Marshall Islands president Hilda C Heine...
Ballast water treatment crunch time forecast Shipowners are expected to begin placing orders for hundreds of systems in 2018
Rates plummet on key East-West box trades, far below 2016 levels Asia-Europe and transpacific ocean freight spot prices fall a further 13% this week as carriers and their customers enter contract...
Hamburg port to benefit from EU-Canada free trade agreement Deal will see customs taxes eliminated on 98% of goods traded and the removal of most import and export trade...
Hafnia losses widen on weakness in tanker market Ample oil inventories and lower trading activity weighed on product tanker rates in the third quarter
Daily Briefing Capes forecast to double yearly earnings as China again drives demand
Port of Long Beach gets $2.4m grant to cut emissions Government funding will go toward the replacement of cranes and tugs with lower-emission alternatives
Diana charters out panamax at 33% higher rate Charter to commence from November 24
Singapore developing acceptance criteria for drone surveys Acceptance criteria to be ready by next quarter and the city state is also trying to expand use of e-certs
Shipmanager Thome opens fleet operations hub in Singapore, targets reducing accidents Company says it is offering a solution for ship-to-shore information exchange
Singapore bunkering company and staff charged with cheating Vermont UM Bunkering - which had its bunker supplier licence revoked in 2016 - is alleged to have dishonestly...
Bain Capital set to take over Giuseppe Bottiglieri Shipping It is understood that Italy's family-run shipping company will be retained to manage operations
Global Ports Holding poised for worldwide expansion London-listed cruise port operator sets sights on Cuba and Asia after taking over Lisbon
Capital GP appoints new director Nikolas Syntychakis resigns from Capital Product Partners' board.
Noble quartet in sights of Scorpio Bulkers New York-listed owner in negotiations to extend expansion drive with kamsarmax deal, sources say.
Sovcomflot profit hit by 'especially severe' tanker market Russian shipowner slips into the red for first nine months of 2017 despite contract buffer.
Krasnoye Sormovo profit falls again Russian shipyard posts weaker nine-month result despite revenue rise.
Polarcus heading to Australia Middle East owner secures funding for seismic work on Zenaida project.
String of tankers head to the breakers Several tankers have been sold for demolition with both medium range and larger products tankers leaving the global fleet. Sinokor Merchant Marine has reportedly sold a long-range-two (LR2) products tanker and is said by market sources to be poised to scrap a second. European demolition brokers say the 109,000-dwt Pacific Cape (built 2000) has been sold with optional delivery for $415 per ldt or
U-Ming profit soars on revenue rise Taiwanese bulker owner also boosted by keeping a lid on costs.
Third time lucky for AHTS trio? Singapore court tries again to sell Pacific Richfield ships.
DCI eyes $79m dredger order Indian state owner needs new ship to increase efficiency in Haldia.
Godby Shipping extends ro-ro charter Finnish owner keeps freight ship Baltic with TransProCon until next summer.
Lauritzen takes in chartered tonnage amid dry recovery Contracts for handysize bulkers comes as market moves away from historic lows.
MOL wins Jera charter for new bulker Japanese owner signs up coal carrier to supply power plant in Aichi.
Norne: time is right to buy Stolt-Nielsen Price drop makes Norwegian owner's shares attractive, analyst says.
Mouskas family makes kamsarmax move The Mouskas family of Greece looks to be shifting into the kamsarmax market. The family is known for the London based capesize owner Zela Shipping, but appears to have made the latest move via a vehicle called Olympia Ocean Carriers. Broking sources in Greece say Olympia has bought the Hyundai built 81,000-dwt bulker Archigetis (built 2011) from compatriot owner Archipelago Shipping, paying in e
Skaugen ends Gasmar charter after losing Teekay pool ships Norwegian owner redelivering LPG vessel as it continues to negotiate new charter terms.
Awilco LNG banking on spot strength Norwegian owner resisting term deals as third quarter loss grows.
Bunker firm cheated customers out of $8m Three men face 150 counts of conspiracy of charging customers for more fuel than was delivered
Korea Line Corp sees operating profit triple Bulker and LNG carrier owner latest Asian owner to benefit from improving dry cargo market.
Nordisk celebrates 10 years in Singapore Nordisk Singapore's recent party to mark its 10th anniversary in the Lion City proved to be a double celebration. Not only did it mark a decade since the Norwegian freight, demurrage and defence club set up shop in Singapore, it also marked Karl Even Rygh's tenth year with the company. The event was held at the Aura Sky Lounge atop the National Gallery of Singapore which offers spectacular vie
Atlantic Offshore seals Maersk ERRV contract Aberdeen-based standby safety company agrees potential four year deal for North Sea field.
Cerberus buys 3% of Deutsche Bank Private equity group's move prompts talk of potential merger of German ship finance banks.
Port of Baltimore YTD cargo volumes rise 11% The Port of Baltimore handled over 8 million tons of general cargo at its public marine terminals during the first nine months of 2017, bre...
Flexport enters aircraft charter market Flexport, a Silicon Valley-based freight forwarder founded in 2013, has set its sights on chartering aircraft in order to efficiently handl...
Drewry: World Container Index falls 10.5% this week The World Container Index, a composite of container freight rates on eight major routes to/from the United States, Europe and Asia, fell 10...
Calvin Klein teams up with Amazon for exclusive online sales Amazon, Inc. and Calvin Klein have teamed up for the holidays as the apparel maker looks for new ways to reach shoppers amidst the decline ...
Diana Shipping seals time charter deal with Phaethon Athens-based shipowner Diana Shipping Inc., which specializes in the leasing of dry bulk vessels, has, through a separate wholly-owned subs...
Maersk Line names new president in North America Omar Shamsie, who has most recently been serving as president of Maersk Line Latin America & the Caribbean, will take on his new role as...
Texas remains tops in FTZ activity in 2016 The value of shipments into U.S. Foreign Trade Zones (FTZs) totaled more than $610 billion in 2016, compared with nearly $660 billion the p...
Port of Long Beach receives $2.4m pollution reduction grant The Port of Long Beach has been awarded a $2.4 million grant by the U.S. Environmental Protection Agency to help three of its tenants repla...
Top trade officials will not attend latest NAFTA negotiations Top trade officials from the U.S., Canada and Mexico will not be present for the fifth round of NAFTA negotiations in Mexico City this week...
Istanbul fuel oil premium to Novorossiisk falls to 1-month low The premium of delivered 380 CST high sulfur fuel oil prices in Istanbul over those in Novorossiisk has fallen to a one-month low on weather conditions and resupply costs.
Hong Kong's Sep fuel oil imports jump 23% from Aug to 4.28 mil barrels On a year-on-year basis, fuel oil imports were down 19.5%, the data showed
External: Wired Bunkering
Pakistan's oil industry warns over fuel oil consumption cuts - Fuel oil stocks rising across supply chain - Imminent refinery shutdowns likely
Singapore's MPA rolls out more services, training for Singapore-registered ships, maritime companies The Maritime and Port Authority of Singapore continues to spearhead more initiatives in shipping.
Singapore's MPA issues circular on UN sanctions against N Korea for shipping, bunkering This circular supersedes MPA Shipping Circular No. 18 of 2010.
Noble to focus on three US oil plays, one international gas play "We've high-graded the portfolio," Gary Willingham, executive vice president of operations said.
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