Pavimar sources say rising Greek owner has not acquired Japanese supramax Ismini Panayotides-led company has already completed at least half a dozen secondhand purchases in 2017
Economou drops VLCC newbuilding quartet Four big tankers at Hanjin's Philippines yard scratched up to four months ago due to refund guarantee problems
IMO to struggle in next week's decarbonisation talks Significant disparities remain in the opinions of member states
Bearish signs for aframax tankers emerge from Kurd conflicts VLCCs may benefit on replacement demand, though supply picture remains uncertain with Russian and Turkish intervention
Capesize earnings hotting up Healthy demand for iron ore and coal from China drives earnings to more than $22,000 per day on average
Alpha Bank completes $250m shipping loan securitisation Rare shipping securitisation is second time Citi has worked with Greek lender
Britannia to distribute $10m to members P&I club's cash giveaway follows $30m handout in May
SIPG share price surges on free port plan Policy guidance from party congress suggests China might further liberalise its free trade zones, but Hong Kong may not like...
Neon to set up Italian hull and cargo underwriter Local broker Cambiaso Risso emerges as minority shareholder
Think like your customers Advocates of low-sulphur fuel solutions seem to be spending their time listening to themselves, not to customers
Daily Briefing China has effectively barred leasing houses from financing for foreign-yard newbuilds
Port and flag states 'must be held accountable for seafarer abandonment' Repatriating crew should be a long-term priority for the International Maritime Organization and the International Labour Organization
Data Hub: Load Factors Transpacific carriers face capacity conundrum during traditional winter slack season
Higher freight rates to boost Maersk results Improved rates to help make up for lower volumes following cyber attack
DSME looks to compete with Chinese rivals on technical expertise South Korean yards being challenged by Chinese builders backed by government financing
Japanese students shun shipbuilding industry Majority of survey respondents say working in the shipping industry is dangerous, unhygienic and tough
Restis buys stake in Globus Maritime Greek owner's stake in Nasdaq-listed bulker owner could rise to 35% with warrants
GSL revenues down as charter rates fall New time charter rates failing to match previous earnings
Navios Maritime Containers buys boxship pair for $20m Vessels to bring in about $1.5m in earnings before interest, taxes, depreciation and amortisation over next 12 months
Navios Maritime Midstream results pulled down by soft tanker market Market weakness and unscheduled offhires for one of its vessels affected revenue
Keppel O&M notes growing optimism in offshore market Shipbuilder's view based on mergers and acquisitions momentum and secondary rig transactions
Senator: Cargo preference for U.S. food aid 'ridiculous' Sen. Bob Corker, chairman of the U.S. Senate Finance Committee, said its time to dismantle the longtime regulation that requires at least 5...
U.S. Bank: Freight payment index jumps 8.3% in Q3 2017 Cargo transportation spending in the United States during the third quarter of 2017 grew 8.3 percent compared with the same 2016 period, ac...
APL, CNC to launch joint intra-Asia loop APL and Cheng Lie Navigation (CNC Line) will launch the Korea China Straits (KCS) service between China and South Korea next month. The KC...
Port of Vancouver buys land for warehousing, distribution The Vancouver Fraser Port Authority, which manages the port lands in and around Vancouver, British Columbia, has just purchased 35 acres of...
KCS keeps Q3 profits chugging despite Hurricane Harvey impacts Kansas City Southern (KCS), a transportation holding company that owns the Kansas City Southern Railway Co., Kansas City Southern de México...
Spot container rates fall on major trades Spot container rates on major trades from Shanghai to Europe, the Mediterranean, and the U.S. West Coast and East Coast have all declined s...
Report: COSCO shareholders approve OOIL acquisition According to an exchange filing, Chinese state-owned COSCO Shipping Holdings has received shareholder approval for its offer to acquire Ori...
ICS: Proposed BC oil shipment moratorium 'draconian,' 'unwelcome' The London-based International Chamber of Shipping has come out strongly against a proposal by the Canadian government to suspend the shipm...
Houston to gain new multimodal distribution facility Pontikes Development is breaking ground on a 3 million-square-foot distribution center near Port Houston capable of transporting cargo by r...
Port of Corpus Christi remains open to tankers after fire on US Gulf crude barge The Port of Corpus Christi is still open to tankers despite an early Friday fire on a barge loaded with crude, a top port official said.
Signs suggest further oil price pickup coming: Schlumberger CEO A reduction in world crude inventories in the third quarter of 2017 showed a rebalancing of global markets that sets the stage for a further pickup in oil prices and an "inevitable" growth in exploration and production investments, the CEO of oil field services provider Schlumberger said Friday.
TANKERS: Shipping body ICS calls for 'clear and ambitious' CO2 reduction goals from IMO The International Chamber of Shipping wants the International Maritime Organization to identify clear and ambitious CO2 reduction goals for the shipping sector during its October 23-27 meeting, ICS Director, Policy & External Relations, Simon Bennett, told S&P Global Platts Thursday.
NWE LSFO rebalancing in sight, backwardation seen softer year-end: traders The tight low sulfur fuel oil complex in Northwest Europe has stretched across October but the end of refinery turnarounds should rectify the tight supply complex towards late November and into December, traders said.
Looming IMO 2020 sulfur cap spurs record HSFO curve backwardation Backwardation in fuel oil quarterly spreads ahead of the marine fuel revolution set for 2020 has risen to the highest ever assessed by S&P Global Platts on crack selling and tactical futures buying, according to traders.
Durban bunkers reach seven-month high on tight availability: sources Bunker fuel at Durban hit the highest in seven months Thursday with reports of limited availability.
External: Wired Bunkering
Norway's Odfjell selling its 50% stake in Singapore tank terminal Norway's Odfjell, which handles transportation and storage of bulk liquid chemicals, acids, edible oils and other special products, has decided to sell its 50% ownership in Oiltanking Odfjell Terminal Singapore, the company said in a statement.
External: Marine Bunkering(Rotterdam)B.V.
Japan bunker market braces for delays, congestion on approach of Typhoon Lan But sources said they do not expect the storm to have any impact on bunker fuel prices.
FEATURE: Reformate arb from ARA to China slows, but high exports anticipated Nevertheless, export interest remains firm over the coming weeks, with some oil and petrochemical market participants expecting outflows to the tune of over 1 million mt.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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