Daily Briefing Power play, politics, and prickly personalities
Ocean Rig emerges from restructuring George Economou-led drilling company back 'on a firm footing'
Egypt looks to Africa's deep south to solve grain import pressures Shipping and politics are brought together by grain in Egypt, where pressure on availability of arable land and on prices...
VLGC rates hold on to recent gains as US exports return to normality Earnings should see a recovery into 2018 and 2019, says DNB
Singapore seeks global talent to bolster maritime status Authorities required to also continue to ramp up efforts to bring more Singaporeans into the maritime sector, says industry advisory...
More spot rate sorrow for carriers Latest SCFI shows transpacific and Asia-Europe rates losing ground
Polaris confirms orders for 10 VLOCs from HHI Final contract likely to be signed within the month, says spokesperson for South Korean shipowner
Samsung Heavy Industries in talks with MSC over 22,000 teu newbuilds Shipyard source says SHI negotiating to build six of 11 ultra large boxships for MSC, with Greek shipping line confirming...
Pilot cutters at Australia's Jackson and Botany ports to be hit by strike next week Industrial action related to ongoing negotiations over a replacement enterprise agreement for union workers in Sydney
Shipping may gain from Mexico grain pain Bulker owners are best positioned to benefit from changing Nafta regulations that could create new demand
Höegh's St'hle: Bullish strategy has been vindicated Sveinung Støhle goes long on emerging economies and puts his money where his mouth is
Rotterdam port and city authorities unveil blockchain field lab Port and city officials will jointly finance BlockLab
European ports ask EU for more infrastructure funding Over $900bn needed to complete the core component of the Trans-European Transport Network by 2030
US tightens sanctions against North Korea Donald Trump's executive order gives US Treasury expanded authority to limit North Korean economic activity including that of ports and...
LR tanker markets still bullish on Harvey and floating storage MRs recover in Atlantic with Mediterranean strength but may slow down in Pacific
Phone call to report crash led to second tanker hit US report finds Reederei Nord master distracted as aframax hit side again.
Arctic sticks a buy on Scorpio Bulkers with dividend ahead Analyst Andreas Wikborg believes owner will be at the head of the peer group when payouts resume.
Songa Bulk confirms cape buy as supramax is shipped out Songa Bulk is booking a $2m profit on selling the 59,000-dwt Songa Marlin (built 2009) at the same time as it confirmed the addition of a third capesize. The Songa Marlin has gone to an undisclosed buyer for $13.85m. It was bought last December from Japan's Kambara Kisen for $11.85m. TradeWinds reported yesterday that Songa was closing in on the purchase of the 181,300-dwt Cape Claudine (buil
Hanjin Heavy strike fears 'unwarranted' Analyst says new tanker orders likely to persuade staff from walking out.
DFDS spends $69m on bond buyback Danish ro-ro group launched repurchase after increasing profit.
Incat plots Tasmanian ferry service Tasmanian yard wants to build ship for mainland run by the end of 2019.
Bergen Group merges with offshore unit Norwegian maritime services group simplifying its structure.
Technomar takes two more bulkers Greek bulker and containership owner Technomar Shipping continues to expand its fleet and has acquired two Chinese-built panamax bulkers from German interests. Sources say Technomar is buying the Jiangsu-built 79,000-dwt Selandia (built 2011) and Burgia (built 2010). A price of $26.7m en bloc is mentioned. Technomar managers were not available to comment on the information. The price appears
Polarcus plucks survey contract in Asia Pacific Oslo-listed owner to carry out 3D broadband work in fourth quarter.
Danske Bank analyst downgrades Frontline amid cloudy forecast A somber outlook for the tanker market has led Danske Bank to downgrade shares in John Fredriksen's Frontline. Anders Karlsen, a veteran analyst who returned to the bank this summer, has dropped the tanker giant from buy to sell. He has also set a lower target price of NOK 39 ($4.6) per share for the Oslo and New York-listed shipowner. Karlsen replacing Roed at Danske Bank It came as Danske r
Lukoil selling Litasco as it fights Palmali suit Russian oil group to offload trading and chartering arm facing $2bn tanker claim.
Subsea 7 bosses share $24m in stock options Incentive plan sees CEO Cahuzac and others share in performance hand-out.
Toda Kisen orders LPG double Japanese owner opts for Sasaki Zosen for gas fleet expansion.
Maersk Line seals $200m US military deal Contract could see Norfolk-based firm manage seven ro-ro vessels for up to five-and-a-half years.
Singapore plans biofuels pilot project BHP and GoodFuels to collaborate on green fuel study with support of Maritime Port Authority.
Malaria kills two aboard Greek bulker Panamanian and Filipino reported dead despite valiant efforts of South African rescue services.
Euroports expands, upgrades Antwerp sugar shipping terminal Netherlands-based port terminal operator Euroports has finished the renovation of its dedicated sugar terminal in Antwerp, Belgium, just in...
Port of Corpus Christi still under restrictions from Hurricane Harvey The Port of Corpus Christi is still operating under restrictions nearly a month after Hurricane Harvey , according to the U.S. Coast Guard....
Ports closed, cargo delayed as Hurricane Maria causes widespread destruction in Puerto Rico Hurricane Maria has devastated the island of Puerto Rico, making landfall on the U.S. territory just weeks after Hurricane Irma skirted the...
OECD data adds fuel to NAFTA origin rules debate Newly released data from the Organization for Economic Cooperation and Development (OECD) has allowed U.S. Commerce Department analysts to ...
Port of Virginia makes headway on channel expansion plans The U.S. Army Corps of Engineers has officially backed a rough draft plan to deepen the Port of Virginia's main shipping channel from 50 fe...
SCFI declines 5% The Shanghai Shipping Exchange's Shanghai Containerized Freight Index (SCFI) fell 5 percent since last Friday's reading of 774.60 to a read...
UPS aircraft mechanics request release from mediated contract negotiations Approximately 1,300 employees who maintain UPS' air fleet filed a new request with the National Mediation Board (NMB) Thursday, asking to b...
WTO raises 2017 growth forecast as global trade accelerates The World Trade Organization (WTO) has upgraded the estimate for growth in world merchandise trade volume in 2017 to 3.6 percent, up from t...
Port of Portland to upgrade marine terminal security systems Oregon's Port of Portland plans to use a $1.25 million grant from the U.S. government to upgrade marine terminal security systems, the port...
FEATURE: How should US determine Strategic Petroleum Reserve size? After administration pushes selloff, Secretary Perry backs SPR, Import cover no longer seen as proper metric for size, Changing risks, shale's unclear path underscores stockpile need.
RUSSIA DATA: August fuel oil exports down 20.3% on year at 3.01 mil mt Russian fuel oil exports in August fell 20.3% on the year to 3.01 million mt.
Singapore 380 CST cash differentials at three-month high on tight supply Singapore 380 CST high sulfur fuel oil cash differentials rose to a three-month high Friday.
Istanbul bunkers reach nine-month high over Novorossiisk S&P Global Platts assessed 380 CST high sulfur fuel oil at the Turkish port at $350/mt delivered Thursday, a $5/mt rise on the day and its highest since January 17.
External: Wired Bunkering
ANALYSIS: Iran's ultra-light crude exports to Asia set to remain strong in Q4 - South Korea eyes 250,000 b/d of South Pars condensate in Q4 - South Pars condensate still seen cheaper than rival Qatari grades
OPEC/non-OPEC committee to discuss exports monitoring mechanism - Not all members on board with tracking exports for compliance - Kuwaiti minister says it's too early to consider extending cuts - Novak sees current oil price between $50-$60/b as 'fairly good'
FACTBOX: What happens to Iran sanctions freeze if Trump wants to leave deal - Congress or White House could reimpose Iran oil sanctions - Analysts debate impact of US-only sanctions on oil market - Iranian crude could again shift to Asia, away from Europe
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