ABS chooses Greece for new Global Ship Systems Centre New approach warranted by increasingly complex vessel systems, say executives
Metrostar inks aframaxes at Daehan Comeback project after VLCC disposals now numbers four units at Korean yard
Italy's RBD Armatori studies options to avoid bankruptcy Small private dry bulk and tanker owner fails to win majority support from creditors needed for restructuring
Milestone Norwegian offshore merger complete Solstad Farstad equipped to stand in a tough market
Maersk Broker boosts dry bulk chartering team Frank Mortensen has been named chief executive of Maersk Broker Bulk Chartering
No idea on share price surge, Cosco Singapore tells SGX The company is seeking M&A opportunities, but media reports of OOCL being the target make little sense.
AET lands long-term shuttle tanker charter Vessels will be delivered in 2019
Strong demand supports US Gulf clean MR market US Gulf vessel supply tightens on delays, record production by US refineries and gasoline demand in South America
Capesize earnings plummet below $8,000 per day as main trading lanes see limited activity But coal from the US may support Atlantic rates, says brokerage
Vessel offloading still suspended in US Gulf as storm hits High winds and heavy rains disrupt operations at Louisiana Offshore Oil Port
Pilbara to raise port dues Authority's board approves plan to raise fees as export volumes reach new highs
Panama Canal toll decision expected in two weeks Rise in rates imminent amid healthy flow through the canal from the US to Asia
Last Word: Women's role in logistics industry recognised PD Ports' contract manager honoured in Freight Transport Association awards for women
Shipping confidence at its highest in three years, says Moore Stephens Industry is cautiously optimistic over the next 12 months
Maersk Line and MCC announce Asia Pacific management changes Bo Wegener takes the helm at MCC, while Rupesh Jain heads up Maersk Line's Southeast Asia operations
DSME postpones four-vessel order on owner's request Delivery date pushed back to April 22, 2019
Singamas Container expects to return to the black Growing global trade and policy changes in China help to boost the bottom line.
Daily Briefing The Lloyd's List team out in New York continue to report on the cooling attitude towards bank financing at Marine...
Taiwan's China Steel Corp orders four newcastlemaxes for $187m Company orders two vessels at compatriot yard CSBC Corp and two at Japan Marine United.
Blame the executives, not ships, for lack of consolidation The shipping industry is ripe for consolidation given its fragmented status. Too bad that fleets of various companies may be...
Analysts get short with Hansson's NAT Maybe a good thing Nordic American boss doesn't have time to hear their expectations for his stock.
PIL cape sale price signals falling values
Sinokor bulker sale set to fetch $23m
Private equity-owner joint ventures 'thing of the past' The 'smart money' is now much more picky when it comes to shipping
Greek start-up S-Bulkers adds third vessel
Jo Tankers fleet sale leads to staff cuts at related companies
Seastar sells last 1990s-built ship for $4.9m
VLGC order drought ends as prices hit lowest in decade Two owners sign up for newbuildings in China and Japan, with analyst saying shipbuilding prices 'have softened by at least $10m over the last two years
Maersk sells vintage tankers
Clipper to sell four more Tsuji handy bulkers
International Seaways denies suezmax newbuild buy
Hope flickers for stricken offshore sector as oil majors stir into action As yet another once-proud name seeks Chapter 11 protection, huge developments on the horizon and forecasts of oil at $70 per barrel this year offer a glimmer of optimism
Hyundai Merchant to rebuild after veteran sale Korean player kicks off renewal plan as it seeks to grow its VLCC business
Eagle Bulk trims fleet
Lenders and shareholders threaten timeline for Tidewater plan Objections loom on substance and timeline of pre-packaged bankruptcy
Astrup celebrates strong year with solid profits
Sale of Union supramax points to 10% price drop
Investor seeks to block Teekay Tankers' play for TIL
Shipping turns to technology to fight seafarer stress and fatigue Industry players highlight physical and mental well-being ahead of Day of the Seafarer on 25 June
Newcomer Vaarin Marine acquires tanker
American Shipping explores Jones Act fleet opportunities
CATCH UPs
MISC's billion-dollar oil and gas goal promises a bonanza for shipyards The Malaysian energy shipping giant is bidding big for oil and gas contracts - and with an emphasis on advanced technology, that spells good news for shipyards
Expect the oil majors to fuel the push for LNG-powered vessels, Yee predicts
Agritrade founder puts own cash into VLCC venture Hong Kong-listed Agritrade Resources Ltd says it is still a buyer of VLCCs for crude storage and its main shareholder is providing joint venture capital to buy secondhand tonnage.
US disputes Japan timing of deadly boxship collision Seemingly bizarre course of NYK Lines vessel before it nearly sank US destroyer inspires conspiracy addicts, but one observer sees an innocent explanation
Pleiades Shipping fleet boosted by aframax newbuilding
Navig8 linked to products return with China order
Mexico's Baja adds Searoad ro-ro to fleet
Maersk draws up plan for fallout from Rickmers
Palmer says OSVs moving 'out of hell and into purgatory' Things are indeed looking up for offshore but the market has a lot of torment in store for shipowners
CMA CGM sets sights on gas fuelling for super newbuilds Potential $1.4bn order puts containership giant in the vanguard of new thinking by the big liner players on the future of fuel
Meghna sells supramax for firm $6.6m
Plastic to be tackled using machine built for oil spills Orca uses vortex technology to suck plastics out of the sea with little likelihood of jamming
Ikaros Shipping set for first sale of the year
Germans poised for tussle with foreign private equity Bids for Rickmers Holding to throw up the usual suspect
Bondholders felt we were bluffing about insolvency, says Van Meenan Outgoing Rickmers chief executive opens up about the final days of his failed experiment to find a new way of running a shipping business in Germany
South Africa rejects merger between Japan's "Big 3" The Competition Commission of South Africa has prohibited a proposed merger between the container liner shipping businesses of Japan's "Big...
Trump's infrastructure plan will need foreign investment, Mnuchin says Foreign investments may be the key to infrastructure upgrades, Treasury Secretary Steven Mnuchin said Tuesday. "Working with foreign inves...
WTO chief seeks to promote women in trade World Trade Organization Director-General Roberto Azevêdo said more still needs to be done to ensure women have access to the full economic...
Survey: Shipping confidence hits three-year high Confidence in the shipping industry equaled its highest rating in the past three years for the three months ended May 31, according to UK-b...
Boeing, UPS strike conversion deal Boeing and the United Parcel Service (UPS) reached a passenger-to-freighter conversion deal for three 767-300 aircraft, the commercial airc...
Schneider enhances Phoenix operation Schneider National has opened a new facility in Phoenix to handle its increasing freight transportation business in the Southwest, the natio...
Port of Mundra to receive $300m in investments Port operator Adani Group and Chinese firm East Hope Group have signed an investment framework agreement for manufacturing units in Mundra'...
U.S. sea ports' effects on the environment Traffic at ports is expected to grow in some areas across the United States, which could potentially exacerbate air pollution problems if t...
Ex-Im Bank nominees President Donald Trump formerly nominated Scott Garrett, a former Republican congressman from New Jersey, this week to serve as president of...
Oil complex posts modest recovery after sharp slide NYMEX August light sweet crude settled 21 cents higher at $42.74/b, while ICE August Brent rose 40 cents to settle at $45.22/b.
ANALYSIS: Nigerian oil output revival raises OPEC exemption question - Upward trend in production could be maintained - Might have to join OPEC cuts if production nears 2.2 mil b/d - August exports seen surging to 18-month high - Security situation fragile despite fall in attacks
RUSSIA DATA: May fuel oil exports up 11% on year at 3.59 mil mt Russian fuel oil exports in May rose 11% on the year and 5% on the month to 3.587 million mt, data from the Central Dispatch Unit, the energy ministry's statistical arm, showed Thursday.
Houston pilots resume outbound boardings as tropical storm passes Pilots on the Houston Ship Channel resumed outbound boardings at 9 am CDT (1400 GMT) Thursday, as weather continued to clear following the passing of Tropical Storm Cindy
Istanbul bunker market tightens ahead of national holiday Access to bunker fuel barges at Istanbul, Turkey, has been tightening though the week ahead of a week of holiday June 24-30,
ARA fuel oil inventories down 16% on vessel loading: PJK Fuel oil stocks fell 152,000 mt on the week to 796,000 mt, data from PJK International showed.
Singapore's Thome strengthens environmental practices after oil tanker ETC Mena ruling The penalty imposed on the companies includes a $1.9 million fine.
Storm passes Venezuela; PDVSA refinery production saw no issues: source The severe weather threat offshore Venezuela has diminished and did not affect production at state-owned PDVSA, a source with knowledge of business operations said Wednesday.
External: Wired Bunkering
FUTURES: Crude futures remain stable in Asia afternoon trading
TRADER NOTE: Maersk Line, MCC make changes to leadership team in Asia Changes reflect companies' succession plans.
OPEC mulls deeper cuts due to higher than expected US oil output-- Zanganeh - Zanganeh says OPEC should wait and see how market develops - Monitoring committee meets in Russia in late July - Cut compliance in May highest since deal began: source
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