StealthGas's operating results improve as spot rates rise Greek owner of small-sized LPG tankers sells aged ships to shrink operating cost base
Investment guru Geck-Schlich to switch to ER Schiffahrt Claus-Peter Offen expresses regret at loss of star hire
LPG: Light at the end of tunnel Freight improvement on the cards as demand and supply rebalance
Sovcomflot's Nikitin appeal thrown out by UK court Update: Sovcomflot to seek permission to appeal the appeal
Daily Briefing LNG: Sweet mix of supply-demand fundamentals
Damco's first China-Europe block train arrives in France Maersk subsidiary to expand service following successful launch for Decathlon
MPC Container Ships looks to raise up to $200m from private share placement Company to use net proceeds for further vessel acquisitions and general corporate purposes
Frontline reports $24m third quarter loss as weaker rates bite Tanker company blames weak rates on significant fleet growth, and loss on Front Ardenne charter termination
US unveils more sanctions against North Korea Measures target Chinese firms and individuals as well as North Korean shipping and trading firms and ships
European shipbuilders need concerted approach to fend off competition European yards building higher-end vessels to face more pressure as Asian competitors try to muscle in, says European Commission report
China's winter LNG demand to support spot rates for gas carriers Gas demand could rise by 23bn cu m this year compared with previous winters, Wood Mackenzie estimates
Crude tanker rates could fall amid slowing oil demand and China stocking activity Drewry's view comes even as crude tanker capacity growth is likely to be lower in 2018
KDB to issue refund guarantees for STX Offshore's latest orders Policy bank's move comes amid protests from local politicians and civil groups urging KDB to issue guarantees
Sungdong Shipbuilding union calls on Seoul to help small and medium-sized yards Move comes amid reports that creditors said it would be more profitable to close SSME
Dryships losses widen in third quarter Result comes amid higher depreciation, vessel operating expenses, voyage expenses, interest and finance costs and loss on private placement
Q Investments emerges with GulfMark stake Private investment fund acquired stake through debt-for-equity swap and through backstop agreement.
Nordea offers AT1 debt at 'lowest coupon ever' The Stockholm-based bank's additional tier 1 bond was oversubscribed by seven times.
Ridgebury Tankers buys Euronav VLCC Company to make debut in Tankers International pool with latest purchase
Atlantic gives upside to capesize rates Tighter dry bulk supply in the Atlantic and better coal demand stoking capesizes.
StealthGas meets consensus amid higher revenue Athens-based LPG carrier owner hopes to further improve performance in 'promising' market.
Macleod trumpets consolidation and sees 2018 tipping point for tanker crude market Frontline Management chief bangs M&A drum as he looks for demolition to drive recovery.
Viking Supply delays third quarter report Sveaas-backed owner still in talks with banks on restructuring.
De Beers orders biggest mining ship for $142m Diamond company returns to Kleven Verft in Norway for new vessel.
Daus-Petersen ousted at Marenave Ernst Russ-dominated board promotes commercial manager Bernd Raddatz to oversee rebuilding of the fleet.
Leif Hoegh buys more of Hoegh LNG Family holding company spends $2m on edging up shareholding.
Hapag ship skips call after double delay Balao hit by engine trouble and strike action in Australia.
Nordic Shipholding lowers estimates for full-year Move comes at a time when the owner is looking at higher spot exposure.
Ship Finance dividend maintained despite Seadrill filing Fredriksen company keeps payout in line as it it posts profitable third quarter.
Owners warned over position-fixing intervals London P&I Club says groundings caused by lax navigation practices.
Milaha launches Sri Lanka feeder run Qatar owner linking Colombo to Chittagong in Bangladesh.
US slaps sanctions on 20 N Korean ships Six owners' tankers, cargoships accused of illegal ship-to-ship transfers.
Newcomer ZTT orders heavy-lift ship Cable systems group picks CMHI for first vessel order.
Aspo refinances $23.5m of debt Owner of bulker company ESL taps Nordea for fresh facility.
Frontline third quarter loss deeper than forecast by analysts Tanker owner slips below consensus expectations and spells out profit on DHT selldown.
MPC Container Ships tries for another $200m share sale Expanding Oslo-listed owner close to buying "significant number" of feederships.
Loss grows at Borr Drilling Troim-backed owner targets further buys as Nigeria project delayed.
Crew rescued after SCI anchor-handler sinks Managing director says engine-room leak possible cause of loss of modern vessel off Mumbai.
BW Offshore extends FPSO deal Oslo-listed owner keeps Umuroa in New Zealand for another year.
BNP Paribas lowers risk costs to $784m French bank says figure was at low level of 0.36% of loans in third quarter.
Pacific Radiance to meet bondholders Singapore offshore vessel operator set to update investors on restructuring efforts.
Drewry: Teekay Tankers set for more asset disposals Tanker giant's cash-in-hand and operational cash inflow "insufficient to meet obligations".
LR2 gasoil trade in Far East may wind down Asian energy trader linked to series of clean tanker fixtures may now face where to actually discharge cargoes.
Ezion Holdings bond overhaul wins praise Restructuring effort described as "best practice worth following" by investor association.
Pan Ocean targets Southeast Asian grain trades Restructured South Korean shipowner looks to expand footprint beyond domestic market.
Eimskip Q3 earnings sink amid higher revenues Icelandic shipping company Eimskip reported net earnings of 8.8 million euros (U.S. $10.4 million) for the third quarter of 2017, falling 6...
Milaha lunches feeder service between Sri Lanka, Bangladesh Qatar-based maritime transport and logistics conglomerate Milaha is launching a direct feeder service between Sri Lanka and Bangladesh, the...
CMA CGM: Four ships currently under construction will be French-flagged French container carrier CMA CGM said Nov. 21 that it's future flagship, a 20,600-TEU container vessel, will be named CMA CGM Antoine de Sa...
Port of Vancouver USA approves $68.5m 2018 budget The Port of Vancouver USA's board of commissioners has unanimously approved a $68.5 million 2018 budget for the port, $16.7 million lower t...
Intermodal rates inch up in October North American intermodal rates in October inched up 1.9 percent from 12 months prior, according to the latest Cass Intermodal Price Index,...
ATA: Truck tonnage ticks up 3.3% in October Domestic truck tonnage in October ticked up 3.3 percent from the previous month, following a 1.9 percent monthly decline in September, acco...
Antwerp Port Authority acquires pipeline operator in $51.7m deal The Antwerp Port Authority will acquire pipeline operator Nationale Maatschappij der Pijpleidingen (NMP) from its current shareholders, Ack...
NRF: Organized retail crime continues to grow Organized retail crime is on the rise, according to the NRF. Organized retail crime (ORC) continues to be a growing problem, according to a...
Round 5 of NAFTA talks ends in stalemate When it was announced last week that trade ministers from United States, Canada, and Mexico were staying away from the latest round of Nort...
Fuel oil stocks fall less than 1% following largest 2017 weekly build US fuel oil stocks fell less than 1% for the week that ended November 17 as inventories grew on the West Coast, in the Midwest and in New England, Energy Information Administration data showed Wednesday.
Draw in Cushing stocks helps narrow ICE Brent/WTI spread Prompt NYMEX crude rose $1.19 to $58.02/b Wednesday, the highest level since July 2015, and further narrowed its discount to ICE Brent after Energy Information Administration data showed a decline in stocks at Cushing, Oklahoma.
Russia, Saudi leaders stress 'importance' of coordinating energy markets While Russia's energy ministry has not yet made public its position towards the much discussed extension of the OPEC/non-OPEC production cut agreement, the heads of the two countries leading the deal, Russia and Saudi Arabia, have underlined the significance of continuing joint effort in the energy markets.
Libya looks for finances to rebuild Es Sider terminal infrastructure Libya's Waha Oil Co. is looking for new ways to finance projects at the Es Sider export terminal at the country's largest oil port, including replacing corroded pipelines and crude oil storage tanks, company officials were reported said Tuesday.
FUJAIRAH DATA: Oil product stocks rise despite new low for middle distillates Total refined product stocks at the UAE port of Fujairah stood at 15.864 million barrels in the week to November 22, up 5.1% from the previous week, despite a major drop in middle distillates, according to data from the Fujairah Energy Data Committee (FEDCom).
Cash to paper 3.5% FOB Rotterdam barge structure softens on seasonal destocking The 3.5% FOB Rotterdam barge physical to paper print has softened to the lowest level since the end of August as the end-of-year destocking season approached.
Petronas LNG signs up with Malaysian ports for vessel services Gas producer Petronas LNG has signed up with the Malaysian ports of Bintulu and Labuan for additional services for its liquefied natural gas carriers that will help facilitate vessel movements and gas trading in the region.
External: Wired Bunkering
External: Global Risk Management
Shipping must be economically viable to fast track environmental goals: ICS The shipping industry can become environmentally sustainable only if it is economically sustainable too.
FUTURES: Crude rises on US inventory decline
LNG spot charter rates hit 2-year high on low spot vessel supply This is supported by a wide spread between Pacific and Atlantic LNG prices.
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