Shipyard capacity must be cut by 50% says Claus-Peter Offen Long term overcapacity will remain in containership market unless painful steps are taken
Large containerships heading for a difficult future Container shipping market will become regionalised much quicker than people expect
Sentiment keeps improving in supramax bulker market From cement to iron ore, cargo demand boosts rates to three-week high
Daily Briefing As one German boxship owner fights for survival, a newcomer fancies its chances at expansion and cracking America
Maersk Tankers bets on scientific shipping Data-led strategy expected to improve vessel performance for Danish product tanker player
Shipping commercial banks run for the door A new survey by Marine Money makes official the worst-kept secret in shipping: commercial banks are cutting their exposure to...
Is this the end of the independent operator? Noatum's decision to hand over power to Chinese carrier Cosco is another sign that small box port operators cannot run...
Polaris puts Stellar Unicorn into cold layup Fate of vessel yet to be determined - but may well end up in the scrapyard
No-show fines are a 'potential nightmare' for freight forwarders New late-cancellation fees by lines may tackle a longstanding problem within container shipping
Yard Talk | Japan's digitalisation From eco ships to smart ships, Japanese yards seek to lead the pack in innovation again
New Chinese crude import quota to support tanker demand Independent oil refiners in China rely heavily on suezmaxes and aframaxes for crude imports
Qatar Petroleum starts bunkering facilities amid crisis Desperate measure is designed to provide relief to ships barred from bunkering hubs like Fujairah
Smart Green Shipping Alliance gets wind in its sails The maritime industry looks to an ancient source of energy to form part of its digital future
Noble gets credit facility extension from lenders The revolving credit facility will be extended by 120 days
Cosco poised to take over OOCL on July 1 The arrangement would make sense from a political standpoint
LNG freight rates unruffled by Qatar crisis Spot voyage charters stable at $38,000 per day even as Qatar signs LNG deal with Shell
Petredec orders up to four VLGCs from Jiangnan Shipyard Deal is for two confirmed newbuildings and the option to build two more
Over 90% of Ocean Rig's creditors support its debt restructuring plans Company schedules Cayman court hearing to seek approval for creditor meetings
Up to 60 new LNG carriers needed to meet US export demand
In US LNG we trust Bountiful natural gas and increased liquefaction capacity in the US boost growth prospects for three marquee shipping companies, despite stark...
DSME gets $50m out-of-court settlement for axed order Dong Energy and Technip France each paid $25m in decommissioning expenses to DSME
China releases 'One Belt One Road' maritime initiatives The Chinese government has released a document titled "Vision for Maritime Cooperation under the Belt and Road Initiative," in which the ...
WTO offers online view to members' origin rules The World Trade Organization has updated its website to offer shippers a clearer and updated view into its members' legislation and practic...
Commerce finds dumping of Chinese plywood The U.S. Department of Commerce has determined that Chinese hardwood plywood is being dumped on the U.S. market at less than fair value. T...
iContainers: Ocean carrier cancellation fees could cause 'nightmares' for shippers The recent implementation of "no-show" fines by ocean carriers could potentially cause "nightmares" for freight forwarders, according to Ba...
Bosch to construct chip facility for autonomous vehicles German multinational engineering and electronics company Bosch is set to build an $1.1 billion facility for self-driving cars, smart homes ...
GE, Egypt ink agreement for 100 locomotives GE Transportation and the Ministry of Transportation (MoT) in Egypt have signed a $575 million agreement to supply the nation with 100 GE E...
CMA CGM scoops up secondhand boxship CMA CGM has acquired its most recent secondhand boxship, the 6,589-TEU vessel Maule , for $20.3 million, according to Splash 24/7 . Since ...
UPS unveils new peak shipping charge UPS has established a new peak shipping charge applicable during selected weeks in November and December 2017 for U.S. residential, large p...
Drewry: Ocean Network Express will be sixth largest container carrier Once the Ocean Network Express (ONE), a merged containership entity between Japan's three largest ocean carriers, commences operations, it ...
US Gulf Coast bunker operations prepare for storm duo Bunkering operations in US Gulf Coast ports were extremely quiet Tuesday as attention was focused on approaching tropical storm Cindy, which according to a National Hurricane Service bulletin could be followed by another storm now forming in the Atlantic Ocean off the Venezuelan Coast.
USGC, USAC high sulfur fuel oil near 7-month lows on crude weakness USGC HSFO and NYH 3%S were assessed Tuesday at $40.10/b and $40.22/b, respectively. They were last lower on November 29, when they were $38.14/b and $39.17/b, respectively.
Front-month NYMEX crude settles at lowest level since Sept The oil complex fell sharply Tuesday, with NYMEX July crude settling down 97 cents at $43.23/b, a front-month low going back to September 16, as prolonged concerns about oversupply pulled futures to multi-month lows.
Marine fuels sulfur cap in 2020 to have 'major impacts' beyond shipping: speakers The global sulfur emission cap from 2020 for marine fuels is marked by uncertainty and will have broad implications beyond shipping for refiners and the global economy, speakers at the S&P Global Platts Bunker and Residual Fuel Conference said Tuesday.
External: Wired Bunkering
ICS calls on IMO to extend Ballast Water Management Convention timeline Eyes are on the MEPC meeting in July for decision of final timeline of BWM Convention
External: Global Risk Management
FACTBOX: Comparison of IEA, EIA, OPEC oil market forecasts Industry players seek fresh cues from the forecasts.
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