Handysize bulker earnings reach two-month high on Pacific strength Further rate gain is expected with dwindling prompt tonnage
Scorpio Bulkers reinstates bank loan repayments US-listed owner agrees move amid first signs that worst is over for dry bulk sector
Opec unveils Nigeria's voluntary oil output cap Crude tankers feel pressure but some see tonne-miles supported by US exports
Newbuilding deliveries and weak US-Asia arbitrage flows thwart VLGC owners Middle East-Asia earnings drop to $7,000 per day
US rolls out green ship incentive programme Programme is designed to reward companies, operators and vessels that demonstrate 'highest commitment' to quality and safety
AIG fined for sanctions violations Insurance giant pays the price for deals in Iran, Cuba and Sudan despite guidance programme and exclusion clauses in some...
Scorpio Bulkers cuts net loss as revenues rise Time charter equivalent earnings rise as global demand across all bulk sectors improves amid shrinking vessel supply, company says
Somali piracy-terrorism link 'historically weak' Experts cite lack of historical evidence behind alleged terrorism connections
Ocean freight prices remaining steady on transatlantic trade Headhaul westbound demand growth expected to taper off as the year progresses, but rates to stay relatively firm, Drewry analysis...
Leaking pipe on Polaris VLOC sends two seafarers to hospital Filipino seafarers suffer burns as hot oil spurts from leaking pipe
HMM to close its LA container terminal after taking an interest in Long Beach site Container line consolidation continues to shake up port operations as South Korean line decides to close its LA terminal leased...
Torm buys Comec tanker quartet Deal signed with four options attached as consolidation grips the product tanker market
Ultra large containerships look set to dominate Asia-northern Europe trade Vessels of 18,000 teu and greater will represent more than 60% of total capacity within 18 months, says SeaIntel
Liberty Prrudencia crew sent home Long-running dispute over unpaid wages resolved and remaining crew repatriated
Höegh LNG wins $230m FSRU financing Company's eighth unit will be delivered at the beginning of 2018
Keppel/Sembcorp merger would make them more competitive, DBS analysts say Downturn creates case for global shipyard consolidation
Fuel hikes may pitch Greek ferries back into the red Study says new environmental requirements also threaten nation's much-diminished fleet
Malaysia Westports' profit dented by lower transhipment volumes Port Klang terminal operator's cargo volumes were affected by the alliance reshuffle
Jinhui Shipping hits $24m fundraising target from rights issue A final result is expected to be released on or about Tuesday
Daily Briefing
Tanjung Pelepas port launches $7.4m suit against Rising Star MMC subsidiary claims over pollution caused by Trident Star oil spill
Helix's North Sea utilisation hits 100% Rebound in activity for Well Enhancer and Seawell help keep offshore company's earnings on target.
Vard reports loss, but order backlog rises Shipbuilder's losses continue into 2017, but CEO sees momentum in new orders.
Robert Bugbee: Bank deal shows worst is over for dry bulk Executives explain debt repayment move as analysts debate when Scorpio Bulkers will pay a dividend.
Kinder Morgan tankers see earnings surge Securities filing shows 22% jump in earnings during second quarter as newbuildings hit the water.
Bahri profit halved due to lower tanker rates Saudi shipowner also blames increased bunker costs for lower earnings in the first half.
DryShips wins round in Marshall Islands suit But diversified shipowner still required to answer claims in shareholder derivative lawsuit.
Nakilat makes less but focuses on growth First-half profit of Qatari LNG carrier owner declines hot on the heels of FSRU partnership with Hoegh LNG.
Teekay Offshore takes rate cut on FPSO MLP sees Queiroz Galvao Exploracao e Producao revise terms of Brazilian charter.
Port of Antwerp invests $10m in Brazil Belgian key port confirms its commitment to Latin American with latest Porto do Acu move.
Scorpio Bulkers clears the way for dividend payments Development comes as owner reports a deeper than projected second quarter loss.
Big salvage operation set for Lomar boxship Eleven tugs and barges will help refloat the Kea Trader, two weeks after its grounding in the South Pacific.
Korean yards remain on track for strong second quarter Latest projections continue to suggest operating profitability for major shipbuilders in second quarter.
Songa says DSME 'dark cloud' now gone Norwegian owner is satisfied with the outcome of arbitration involving two rigs built in South Korea.
Torm takes MR resale series at Chinese yard Danish owner buys four firm vessels and pouches options for a further quartet.
Clarksons charts continued fall in global shipyard capacity World's largest shipbroker says two thirds of active yards have closed since 2009 with more running low on business.
Lenders file petition against ABG Shipyard Indian shipbuilder clarifies that the matter is sub-judice and another hearing will follow.
Chinese shipyard orders take a tumble New vessel contracting has slumped by almost one third in the first half of 2017.
Hoegh LNG hooks $230m for FSRU newbuilding Oslo-listed owner says cash has come from both banks and export credit agencies.
Zhoushan Zhongtian arrests ESI boxship Shipyard holds ship in Singapore claiming owner has failed to settle repair bill.
Baja bins burned ferry Caribbean Fantasy sold for recycling.
Polaris says no explosion on VLOC South Korean bulker owner says vessel suffered from high pressure oil leak.
First Petronas LNG cargo delivered to Thailand LNG Contract with PTT of Thailand kicks off.
Georgia Ports Authority posts record throughput for FY2017 The Georgia Port Authority (GPA) reported a 6.7 increase in TEUs in fiscal year 2017 compared to the year prior. The 3.85 million TEUs han...
Bahri profits sink over 50% in first half 2017 Bahri, the National Shipping Company of Saudi Arabia, recorded a net profit of 533 million Saudi riyal (U.S. $142 million)for the first six...
Shyp downsizes, suspends operations on the U.S East Coast Shipping start-up Shyp is suspending operations in New York, Chicago and Los Angeles in order to "refocus on San Francisco, business custom...
Port of Rotterdam container volumes jump 9.3% in 2017 The Port of Rotterdam saw container volumes increase 9.3 percent in TEUs and 10.4 percent in metric tons during the first six months of 201...
St. Lawrence Seaway cargo volumes up 20% in 2017 Total cargo shipments through the St. Lawrence Seaway are up 20 percent this year, according to the St. Lawrence Seaway Management Corp. T...
Swissport adds new warehouse at Chicago O'Hare Swissport Cargo USA opened a new warehouse at the Chicago O'Hare International Airport on Thursday. The 138,000-square-foot facility has a...
Italian citizen sentenced to 37-month prison term for counterfeit Apple products Italian national Rosario La Marca, 54, has been sentenced to 37 months in prison, as well as one additional year of supervised release, for...
Milaha Maritime commences new Qatar-Oman cargo loops Qatar-based shipping and logistic company Milaha Maritime has initiated a new Qatar-Oman cargo service, according to a recent tweet by the ...
Senate committee approves Army Corps of Engineers funding bill The Senate Committee on Appropriations approved the FY2018 Energy and Water Development Appropriations Bill (S.1609) , in a near-unanimous ...
Saudis to cap exports in show of commitment to OPEC/non-OPEC deal Crude oil futures rose Monday after OPEC officials met in St. Petersburg, Russia, and Saudi Arabia energy minister Khalid al-Falih committed to capping his country's exports to 6.6 million b/d in August.
European LSFO Med-north spread hits parity; lowest in six months The spread was last assessed lower on January 24 at minus $0.50/mt.
External: Wired Bunkering
Oil exports now key metric for the market, Falih acknowledges "It is only a matter of time before inventories return to normal levels," Falih said.
Malaysia's PTP files lawsuit over Trident bunker spill Law suit filed against RSS, the registered owner of the vessel, and a Protection and Indemnity Association.
FUTURES: Oil trades sideways awaiting clarity from producer meeting
Singapore's new maritime, aeronautical search and rescue system to be fully operational in 2018 The adoption of MEOSAR is an initiative under the international satellite-based Cospas-Sarsat program.
FUEL FOR THOUGHT: India's retail fuel race attracts global attention Since the BJP-led government came to power, New Delhi has taken some concrete steps to align domestic fuel pricing with market forces.
INTERVIEW: Oman minister blasts OPEC/non-OPEC messaging, calls for Libya, Nigeria cuts - Oman oil minister says it is time Libya, Nigeria cut output - Non-compliant members need to be dealt with- Longer/deeper cut unnecessary but will join if others insist - Cuts' impact below expectation, but finances have improved
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
