Large ship losses have halved in past decade Shipowner focus on safety drives down accidents, Allianz report finds
Maersk learns lessons from past sales of energy assets in down cycles By taking shares in Total, Maersk could benefit from an upturn in oil price
Stellar Acquisition sponsors buy more time to locate deal Akis Tsirigakis and George Syllantavos trigger first of possible three extensions for latest 'blank cheque' vehicle
Sadler joins GasLog as chief operating officer Ex-LR chief succeeds Graham Westgarth, who will stay on LNG carrier owner's board
Diana Containerships reactivates idled panamax Lure of OOCL charter at $9,500 per day leaves Greek owner with one boxship still in lay-up
Four dead and 16 missing after bulker and support vessel collide Rescue operations underway at Umm Qasr with bulk carrier Royal Arsenal having dropped anchor
Koch takes two more TEN suezmaxes 'Strategic relationship' between Greek owner and US-based trader expanded to six chartered tankers
Are handysize bulkers bottoming out? Average rates on Baltic Exchange show marginal increases on week but sentiment remains negative
NYSHEX completes funding programme Hapag-Lloyd and CMA CGM to invest in freight guarantee operation.
Korea fines car carrier firms for price fixing MOL and subsidiary Nissan Motor Car Carrier were exempt from the penalties after a joint appeal.
BlackRock mulls investment in HMM Details over the method of investment are still being ironed out
Maersk sells oil division to Total for $7.45bn Deal a major step towards transforming Danish group into a pure transport and logistics business
Diana Containerships signs time charter with CMA CGM Owner gets higher rates from the new charter
Daily Briefing
US warship collides with oil tanker near Singapore Updated: Both vessels have berthed in Singapore and are awaiting damage assessments
Next year looks promising for product tankers Concordia Maritime chief says fundamentals are looking solid
Weak backlog and Seadrill cast shadow over Mermaid DBS says issues cloud Thai offshore player's future, but strong balance will prevent the worst.
Tidewater chips away at holdout creditors Offshore vessel owner says it resolved some outstanding claims at amounts less than reserved.
Bahri puts latest VLCC under Saudi flag Part of ongoing efforts to move one of the world's largest tanker fleets to the domestic flag.
Brazil prosecutors target Greek consul's ties to shipowners Konstantinos Kotronakis accused of setting up bribery scheme, with ties with Tsakos, Dynacom, Dorian and others under investigation.
Nordic American Offshore busy in rising North Sea market Herbjorn Hansson-led PSV specialist sheds light on spot business during summer upturn.
Diana charters out idle boxship to OOCL Greek boxship owner reactivates vessel and now has only one unit in layup.
Hornbeck gets debt upgrade from S&P Upgrade from ratings agency reflects the company's success in refinancing 2019 notes.
Sadler replaces retiring Westgarth at GasLog and MLP Richard Sadler takes on new executive position at Peter Livanos-led companies.
Maersk Oil sold at 'right and full value', says Hemmingsen Maersk Energy chief Claus Hemmingsen discusses first of four business separations.
Golar LNG's Fortuna cargoes go to Gunvor Offtake agreement with Geneva-based trader also allows Fortuna partners to sell spot cargoes.
Speed, style and price of Total deal boosts Maersk stock Maersk Oil deal differs from previous shipping sales but is not a one-stop solution for all energy divisions.
MOL in breach of South Korea's antitrust law Japanese owner exempt from paying a fine as it makes efforts to "regain public confidence".
Tsuneishi recycling yard in line with HKC Philippines-based recycling facility wins verification from classification society ClassNK.
Blackrock eyes $880m investment in HMM Major investor looking to add South Korean owner to its vast shipping book.
Qatar boasts new LNG cargo flexibility Gulf state marks innovative shipment while Nakilat completes first phase of LNG ship transitions
Trafigura and UCP buy 49% of Essar Oil Consortium led by the leading charterer will become the largest shareholder in Indian oil company.
AP Moller sells Maersk Oil to Total for $7.45bn Transaction could see Robert Maersk Uggla-led AP Moller Holding keep an interest in the business.
Maltby increases skin in the game at Epic Chairman of gas carrier operator puts his money where his mouth is, despite weak LPG market.
CH Offshore names new chief financial officer Singapore-listed offshore vessel operator appoints Wong Soo Pin to finance hot seat.
STX shipyard explosion kills four Deceased workers said to be working on vessel tank ahead of October delivery to Greek owner.
Stealth Maritime MR collides with US Navy destroyer Ten men reported to be missing and five injured following incident off Singapore.
Angelakos and Iino ships in Johor smash Collision leaves both bulker and tanker damaged, with reports of oil spill.
French energy giant snaps up Maersk Oil for $7.45b Danish shipping conglomerate A.P. Moller-Maersk signed an agreement today to sell Maersk Oil to French energy giant Total for $7.45 billion...
Chemical tanker collides with U.S. Navy destroyer Guided missile destroyer USS John S. McCain was involved in a collision with Liberian-flagged oil/chemical tanker Alnic MC east of Singapore...
Port Freeport begins Parcel 14 Rail Development Project Construction of the Phase 1 of the Parcel 14 Rail Development project has commenced at Port Freeport, according to the Texas port. Parcel ...
Six missing after general cargo ships off China Two general cargo ships collided near Pingtan, Fujian in China over the weekend, with one vessel sinking and six crew members remaining mis...
Durst to lead CBP's Baltimore field office U.S. Customs and Border Protection has appointed Casey Durst to lead its Baltimore Field Office. She succeeds Augustine Moore, who now ser...
Port of LA air emissions fall to historic lows despite record cargo traffic Air pollution emissions at the Port of Los Angeles fell by double digits from 2015 to 2016, according to a new report. Cargo throughput at ...
NYSHEX finalizes $13m Series A investment round The New York Shipping Exchange (NYSHEX) has finalized a $13 million Series A round of funding, the exchange said today. Ocean carriers CMA...
U.S., Mexican Customs improve rail processing at Laredo U.S. Customs and Border Protection (CBP) and Mexican Customs (Servicio de Administracion Tributaria/Aduana Mexico or SAT) on Friday formall...
Port of Oakland sees increased throughput despite fewer vessel calls The Port of Oakland says that 2017 could be the year when it receives its second-fewest container ship calls in a decade. Container volumes...
Rosneft, Trafigura close Essar deal in push to expand in India Russia's Rosneft and a consortium led by Trafigura have closed a deal to buy India's second-largest private refiner Essar Oil.
ANALYSIS: Appeal of US exports grows with wider Brent/WTI spread After breaking $3/b earlier this month, the ICE Brent/WTI spread topped $4/b last week for the first time since September 2015.
NYMEX refined products fall sharply, dragging oil lower Crude futures also weakened Monday, despite bullish news from Libya about a major field going offline. NYMEX September crude fell $1.14 to $47.37/b. ICE October Brent settled $1.06 lower at $51.66/b.
NWE HSFO barges at one-month low on closed arbitrage to Singapore Northwest European high sulfur barge differentials to the front-month paper swap have fallen to a one month low amid sour arbitrage economics to Singapore.
REFINERY NEWS: Dutch Pernis restart continues; most units by end-Aug
REFINERY NEWS: Russia's Antipinsky successfully tests new decoking method
External: Praxis Energy Agents S.A
External: Wired Bunkering
France's Total buys Maersk Oil for $7.45 billion Denmark's AP Moller-Maersk has agreed to sell its Maersk Oil unit to French producer Total for $7.45 billion.
Iran awaits more crude oil cargoes to officially resume Caspian oil swap deal soon
Crude rangebound amid lack of fresh drivers Bullish reaction over US equities and refinery problems at the US Gulf Coast fizzled out.
US missile destroyer collides with tanker in Singapore waters; 10 missing The vessel was carrying 12,000 mt of fuel oil, but there has been no report of oil spill; marine traffic in Singapore Straits not affected.
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