HSH Nordbank set to exit First Ship Lease Move could facilitate refinancing plan, the company insists
Euronav deal creates world's top crude tanker fleet Deal that creates the world's largest crude tanker fleet aimed to attract clients and stock investors in the age of...
Ferry carrying more than 250 people sinks off Philippines About 200 passengers have so far been rescued, according to local media reports
Bigger is not just better, it's necessary for survival, say shipping's consolidation crusaders Euronav's market-leading takeover of Gener8 highlights the scale required to survive in a market in which limited finance and consolidating...
Musical chairs start for tanker market supremacy Is being 'bigger' the long-term answer to delivering 'better' shareholder value?
'There's a long way to go in tackling sexual harassment' For too long, both men and women have allowed a culture of casual sexism and misogyny in shipping, writes Julie...
Daily Briefing Geneva-based MSC is still looking for financiers to support $1.5bn worth of newbuilding orders
International Seaways' purchase of six VLCCs linked to Euronav deal Transaction worth $434m is linked to a successful merger between Euronav and Gener8
DSME reaches provisional wage deal with union Union members had staged a partial strike last Thursday demanding a pay rise
Global shipping capex needs exceed market cap of listed firms Industry needs $114bn in capital to finance 2018 newbuilding deliveries, says research firm Crucial Perspective
Traders cautious on China's lifting of coal import restrictions However, the impact on freight markets remains uncertain
Troim's 2020 Bulkers exercises options for two newcastlemaxes Newly listed dry bulk operator also conducts private share placement to raise $5m in proceeds
Noble Group gets further loan waiver extension amid restructuring talks Credit facility's waiver has been extended to May next year
Euronav buys Gener8 to create $4bn tanker company Deutsche Bank describes $490m purchase as potentially 'the right deal at the right time'
HMM confirms interest in 22,000 teu boxships to stay competitive Korean flagship carrier aims to boost tonnage to more than 1m teu
Grains trades emerge as a top performer for bulker owners Steady, healthy expansion of global grains trades set to continue into next decade
Autonomy - walk before you run Technologists underestimate the sheer hostility of the marine environment
Port of Savannah container volumes rise 2.8% in November The Port of Savannah moved 309,147 TEUs in November 2017, a 2.8 percent increase from the same month last year, according to statistics rel...
Drewry: World Container Index rises 5 percent this week The World Container Index, a composite of container freight rates on eight major routes to/from the U.S., Europe and Asia, rose 5 percent t...
Commerce lands duties on small Canadian-built aircraft The Commerce Department on Wednesday proceeded with announcing its recommended antidumping and countervailing duties to be imposed on 100- ...
Report: CSX considering revival of Howard Street Tunnel Project? Class I railroad company CSX met with members of Maryland's congressional delegation and Baltimore Mayor Catherine Pugh on Tuesday to discu...
Cargotec subsidiary MacGregor to acquire Rapp Marine Helsinki-based Cargotec subsidiary MacGregor has signed an agreement to acquire Norway's Rapp Marine Group, a competing supplier of marine ...
MOL, Rolls-Royce partner on autonomous vessel AI Japanese ocean carrier Mitsui O.S.K. Lines, Ltd. (MOL) has signed a deal with U.K.-based engineering conglomerate Rolls-Royce Marine for jo...
Samskip receives 50 new train wagons European transport and logistics provider Samskip has added 50 more rail wagons to its fleet, bringing the total number of wagon units intr...
FlexiVan, NACPC establish new chassis co-op for Port of NY/NJ The North American Chassis Pool Cooperative (NACPC) and New Jersey-based chassis leasing company FlexiVan are establishing a new cooperativ...
SEKO Logistics launches 'Airfreight+ Final Mile' service for oversized products Atasca, Ill.-based third-party provider SEKO Logistics has launched a new "Airfreight+ Final Mile" service in North America aimed at retail...
Shareholder group attacks bunker supplier Aegean's management in open letter Open letter to the company's chairman criticizing "failures in corportate governance" that they believe have undermined its share price.
Global bunker supplier Aegean expands into Germany's Kiel Canal Global bunker supplier Aegean Marine Petroleum will be commencing physical supply operations on Germany's Kiel Canal from January.
External: Wired Bunkering
SHIPPING OUTLOOK -- DRY BULK: Panamaxes set for firm Q1 on Chinese grains demand - Chinese grains demand will drive Q1 2018 - Atlantic coal unsupportive of the general market
US DATA: EIA says US residual fuel oil stocks hit fourteen-year low US stocks are down 10.646 million barrels, or around 26%, from the same time last year, data showed.
SHIPPING OUTLOOK -- CONTAINERS: Will carriers finally get pot of gold in 2018? Only if box rates provide better profit margins, depending on annual contract prices and spot box rates.
HSFO barges swing into backwardation, bucking December trend The 3.5% FOB Rotterdam barge market has become a sellers' market and there is an overload of HSFO.
TRADER NOTE: ZenRock Commodities Trading hires new commodities trader Tan was previously from Mercuria Energy Trading and O.W. Bunker Far East.
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