Great again: US coal exports support dry bulk shipping Panamax and capesize set to benefit from a forecast 19% rise in exports this year
Shrinking backlog and tight financing challenge Chinese shipyards says Cansi Orderbook backlog in the first half dropped 30.5% versus the year-ago period as finance tightens and deliveries roll out of...
ING's Hussey retires Experienced banker left ING on Thursday, may pick up part-time work in maritime finance
Kugs das blog Life on the inside... the making of a maritime journalist
Myanmar's Chinese oil terminal sparks unusual tanker trades Tankers have been arriving from the Middle East, West Africa, Singapore floating storage and even Europe
Stena bets on UK-Dutch ro-ro trade Swedish line boosts weekly call capacity from Rotterdam to Harwich
Ports America dismisses Yildirim takeover talk Highstar Capital is not in exclusive sales process, says Ports America's chief executive Michael Hassing after speculation surfaced about negotiations...
Russia slams Greenpeace fine Protesters endangered oil platform safety, country argues
Keppel targets LNG sector Singapore shipbuilder has been cutting staff and shutting yards amid oil and gas downturn
Daily Briefing
Rickmers Maritime delisting approved by Singapore Exchange Failed container shipping trust says no cash proceeds will be left for unitholders
Rise in Brazil iron ore activity supports capesize market Time charter earnings rise to highest this month
Owners try to hold back against summer VLCC slide Rates are pulling back, but there's enough activity to prevent a steeper slide.
New suezmax dock eyed for US Gulf Coast New project adds to the ongoing push to boost US energy export capabilities.
US Coast Guard preps 'E-Zero' designations New certification coming that will raise bar for ships already enrolled in Qualship 21 programme.
Jinhui sells $25.1m in Oslo rights issue Hong Kong shipowner's offering oversubscribed as shareholders sign up to inject cash.
Tanker giants clearing out last 1990s built ships from their fleets Gener8 Maritime trio set to leave as Frontline parts with veteran suezmax.
NAT leads falls in crude tanker stocks New York-listed owner sees shares retreat after 'creative dividend' and downgrade.
CSC lines up further fleet expansion Azerbaijan state owner preparing for more vessel orders.
NAT splits dividend between cash and NAO shares; eyes newbuild loan and bonds Move comes as Herbjorn Hansson-led owner closes in on a loan and eyes a move in the bond market.
Mermaid Maritime bags subsea charters Thai owner to bank $4.6m for Middle East and Indonesian work.
Rama 2 out of class at time of deadly sinking Indian Register of Shipping chief says surveys of Abu Dhabi-controlled products tanker were overdue for months.
Alibra shares sunny 2018 dry bulk forecast Brokerage resolves to make most of dry cargo market brightness next year.
Four stowaways found on OOCL boxship Canadian police discover men in container at Montreal.
SGX approves Rickmers Maritime delisting Defunct boxship trust says it has no resources to make an exit offer to unitholders.
Evercore cuts crude view and downgrades two major owners Frontline and Nordic American Tankers have ratings reset as reduced forecasts pose questions on dividend.
Crew rescued after cargoship sinks Seafarers picked up after ITT Panther goes down off India.
Svitzer secures Excelerate deal Maersk company says deal off Bangladesh will run for up to 20 years.
Impairment pushes Triyards to $63m loss Singapore-listed shipbuilder hit by weak state of oil and gas markets.
Dragnis books tanker order at STX Offshore & Shipbuilding Greek owner one of the first to contract newbuildings at newly restructured shipbuilder.
ABG Shipyard agrees to insolvency process Debt-laden Indian shipbuilder admits defaulting on loan repayments at tribunal.
KTB, KDB and Uni-Asia team up on ship finance Korean and Japanese lenders look to finance overseas owners through Ocean Value-up fund.
Subsea 7 stretches $250m of Brazilian deals Oslo-listed owner keeps trio of pipe-layers in work until 2021 and 2022.
ZPMC share brings $845m Chinese state-owned giants are juggling their public and non-public holdings of container crane maker and shipowner ZPMC.
US legislators set to fund MSP US legislators are backing legislation to put $90m into a shipowner subsidy scheme that the US presidential administration has sought to cut.
Terminal operator GCT names new president and CEO Vancouver, British Columbia-based privately owned terminal operator GCT Global Container Terminals Inc. (GCT) has appointed Doron Grosman a...
Marten Transport increases earnings, revenues in Q2 2017 Temperature-sensitive truckload carrier Marten Transport, Ltd. had a net income of $9.1 million for the second quarter of 2017, up 7.2 perc...
Executive Moves: Port of Long Beach, GCT, BIFA and RSTAC Source: Pressmaster/Shutterstock The Long Beach Board of Harbor Commissioners approves the appointment of the port's managing director of fi...
C.H. Robinson net income drops 22.4% in Q2 2017 C.H. Robinson recorded a net income of $111.1 million for the second quarter of 2017, tumbling 22.4 percent from last year's second quarter...
FMC shrinks controlled carrier list The U.S. Federal Maritime Commission this week proposed to remove several ocean carriers from its so-called "controlled carrier" list, due ...
Four stowaways discovered in container at Port of Montreal Four men were discovered hiding in a shipping container aboard the OOCL Montreal at the Port of Montreal in Canada on Thursday. Canadian a...
SCFI falls on major trades The Shanghai Shipping Exchange's Shanghai Containerized Freight Index (SCFI) fell 2.8 percent from last Friday's reading of 861.91 to a rea...
CSX may lay off another 700 employees CSX could lay off an additional 700 employees, according to CSX's new chief executive Hunter Harrison . Harrisonfielded tough questionsat ...
CSX, NC Ports commence Queen City Express intermodal service North Carolina Ports and Jacksonville-based CSX rail line will commence an intermodal service between the Port of Wilmington and Charlotte ...
FEATURE: USGC VGO market quiet amid satisfied refiners, stronger gasoline crack "People are maxing crude runs, they're producing their own," a US market source said.
TANKERS: MR tanker freight rates near 2017 low on lack of fresh cargoes "There are too many vessels and not enough fresh enquiries." a broker said.
Durban bunker fuel rises on constrained supply Limited availability may continue for at least a week. "It's a bit tight until August, [one refinery] is overcommitted," a trader said.
DRY BULK: Atlantic Panamaxes set for strong Q3 on high grains demand, tight tonnage Grain exporters compete for tonnage
Genoa low sulfur bunker fuel hits 17-month low against high sulfur CST 380 high sulfur fuel oil at Genoa rose $3/mt on the day to $308/mt ex-wharf.
External: Wired Bunkering
ANALYSIS: OPEC/non-OPEC committee has much to discuss but no consensus yet on deeper cuts - Ministers anticipate strong demand in Q3 - Further Saudi cuts could worsen heavy/light imbalance - Libya, Nigeria caps could alleviate glut in light oil
FUTURES: Crude stable as market awaits fresh data, OPEC meet
TRADER NOTE: Jonathan Mcilroy appointed president of Aegean Marine Petroleum Aegean also announced the appointment of Jean Jose Metey as its vice president and head of corporate development.
External: Global Risk Management
Iran's NITC inks deal with research center to develop IMO compliant low sulfur bunker fuel "We decided to tap RIPI's technological capabilities to cap sulfur content of marine fuel and promote its quality," NITC MD Kianersi said.
TANKERS: Americas Aframax rates soar 12.2% on local runs on back of surge in cargoes Market participants did say the high rates would likely not last given open ships still available in other regions.
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