BW and DHT thwart Frontline's legal bids to block VLCC deal Will John Fredriksen really give up after the Supreme Court ruling?
Kuehne+Nagel claims significant market share gains Sea freight volumes rise 9% to over 1m teu for first-quarter 2017, but operating margins and profits fall
Vale sets another record for first-quarter iron ore production Coal output is also increasing despite Australian divestment
VLGC rates recover after 19% downward correction Oversupply could cap upside but charter demand is firming
Brazilian CSN terminal outage threatens capesize market Average cape earnings down 10% on week as outlook turns bearish
Scorpio Bulkers cuts net loss by $24m Update: Analyst says earnings were below expectations on costs
MPC eyes first eight feeders in Greek-style asset play EXCLUSIVE: Initial $100m is only for starters, as Baack and Schroeder outline big league plans for new containership fund
Korean authorities aim to find new owner for DSME Goal is to cut the top three shipbuilders down to two, says financial regulator
China's policy changes hurt intra-Asia product tanker rates TC11 lowest in more than three years with China's product exports stemmed by tax, lower quota
Bertram Rickmers looking to trim stake in holding company Move to allow creditors to eventually offload stake in Rickmers Holding as part of restructuring plans
Moore Stephens advises due diligence before owners join shipping pools Potential financial, tax and jurisdiction impacts must be scrutinised, says shipping partner Michael Simms
US fines Princess Cruise Lines $40m for illegal oil dumping and false records Penalty is the biggest on record in deliberate vessel pollution cases
Algoma forms shortsea dry bulk venture with Nova Marine Both parties targeting opportunities to ramp up the mini bulker business in the Canadian market
Rio Tinto first-quarter iron ore shipments battered by bad weather Cyclone activity led to temporary closure of ports and rail lines which affected Pilbara shipments
DryShips to buy three kamsarmaxes for $68m Company expects deliveries over the second quarter of the year
Frontline ups the ante in pursuit of DHT Lawsuit seeks restraining order against DHT-BW merger plans
We don't know the half of it The threat to companies from cyber attacks is bigger than we think and chief executives need to take it seriously
Hyldager back with new venture Former Inchcape boss launches maritime services company Nisomar
BNSF Logistics heads south to Mexico Multi-modal logistics provider BNSF Logistics, LLCannounced its expansion into Mexico on Thursday, via its subsidiary BNSF Railway Servicio...
K + N posts Q1 2017 financial results Swiss-based Kuehne + Nagel Group's net earnings for the first quarter of 2017 totaled 165 million Swiss francs (U.S. $165 million), slippin...
Royal Vopak to expand Santos terminal Tank storage company and terminal operator Royal Vopak is expanding its wholly-owned terminal in Alemoaat the Port of Santos. The expansio...
Rickmers Group unveils restructuring plan A restructuring of Hamburg-based shipowner and breakbulk ship operatorRickmers Group could reduce the ownership stake in the company by its...
Tulsa Port of Catoosa posts March cargo figures Tulsa Port of Catoosa accounted for 21 percent of the total 1.1 million tons of cargo shipped through the McClellan-Kerr Arkansas River Nav...
Detention and demurrage clash continues to heat up A debate between shippers, carriers and terminal operators over a petition asking the Federal Maritime Commission (FMC) to regulate detenti...
CP's profit tumbles in Q1 2017 Canadian Pacific Railway's net income for the first quarter of 2017 tumbled 20.2 percent from the corresponding prior year period to $431 m...
North American freight market growth continues in March The North American freight market showed continued, albeit slowing, growth in March 2017, with volumes registering the fourth year-over-yea...
Executive Moves: Port of Virginia, Tiger Cool Express and SEKO The Port of Virginia has named Joe O'Brien vice president of ocean carrier sales, effective immediately. He replaces Frank Naughton , who w...
Panama IFO 380 prices fall to lowest level this month on supplier competition
UPDATE: Gibraltar port closed after gale warning The Mediterranean bunker fuel hub of Gibraltar has been closed, a spokesman for the port authority said Thursday, hours after a gale warning.
Crude unable to hold highs, despite support for OPEC cut NYMEX May crude settled down 17 cents at $50.27/b after trading as high as $50.78/b. ICE June Brent settled 6 cents higher at $52.99/b, off an intraday high of $53.55/b.
ANALYSIS: Americas VLCC freight climbs on diversification of trade flows VLCC freight rates from the Americas to the East of Suez region have climbed 7%-13% over the past two days, sending the cost of moving crude on these shipping routes to its highest point since February 15.
TRADER NOTE: UK fuel distributor Prax adds Belgian bunker operation UK-based fuels distributor Prax Petroleum said Thursday it will launch a new marine fuel physical supply operation in Belgium next month.
External: Wired Bunkering
Saudi Oil Minister says OPEC/NON-OPEC output cuts could be extended for 3 or 6 months All eyes on May 25 OPEC meeting in Vienna
TRADER NOTE: Skangas appoints Kimmo Rahkamo as its CEO Rahkamo will take up his new role on May 15, 2017.
Russia's Novak says coordinated output cut with OPEC could be extended by 6 months: report OPEC will hold a technical meeting in Vienna on Friday to review the latest production figures and market statistics.
FUTURES: Crude nurses wounds after 4% tumble on US gasoline build
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