Daily Briefing Polys Hajioannou and the art of shipping
By Lambros Papaeconomou Scorpio Bulkers, with its surprise two-cent dividend initiation, is the new 'go-to' dry cargo stock
SSY appoints Lawson as new tanker head James Palmer is leaving the brokerage to pursue other interests
Supramax earnings soar on coal and grain demand Average time-charter earnings on the Baltic Exchange reaches highest point since July 2015, when reporting began for 58,000 dwt vessels
Korean bank struggles to get money back from shipping and yards About 75% of the Export-Import Bank of Korea's non-performing loans come from shipping and shipbuilding firms
Liner shipping profits set to rise to $6bn in 2017 Drewry upgrades full-year profit forecast for the industry, indicating it could be entering a sustained period of profitability
Dingheng Shipping to run 20 chemical tankers by 2017 Chinese domestic operator to charter in six ships and order 10
Softer tanker market weighs on Bahri results Lower spot market rates in crude oil and product tankers to blame for 58.1% drop in net profit
Shipbreakers brace for regulatory upheaval Termination of Beijing's scrap-and-build scheme could prompt Chinese owners and scrapyards to interact more with international markets
Southeast Asia's oil demand shows encouraging signs for tankers The region's rising oil consumption translates into an additional annual requirement of up to 250 very large crude carriers
V.Ships to manage Minsheng Financial Leasing ultramax newbuilding quartet The four ultramax newbuildings are scheduled for delivery over 2018
Industry to miss Paris climate targets, warns DNV GL Class society sees global temperatures rising 2.5°C above industrial levels by 2041 without push to renewables
ICTSI inks deal for second phase of Basra Gateway Terminal upgrade Terminal to be able to handle vessels up to 10,000 teu
Autonomous 50,000 teu boxships could be in service within 50 years Digitalisation will drive progress in the container industry in the years ahead, says McKinsey
US regulator approves Cosco's acquisition of OOIL Deal now awaiting approval from Chinese regulators as well as the European Commission
Manila ports say they are ready to handle Christmas cargo influx Terminals have sufficient capacity to handle year-end cargoes and avoid congestion, say port authorities
Costamare bags fresh loan following active third quarter New facility leaves shipowner fully funded at the end of a busy period of chartering activity.
FESCO shareholders approve restructuring of $655m in debt Approval was 'one of key milestones' under lock-up agreement between Fesco and noteholders.
MHI execs check out Brodosplit Japanese delegation expresses interest in Croatian shipyard cooperation.
Novatek lines up order for 15 new LNGCs Preliminary request submitted to Zvezda yard for second Arctic gas project.
Bugbee rules out capesize return but smaller assets on menu President believes sums make buys a better option in the ultramax and kamsarmax sectors.
Mokster reactivates PSV after two years Stril Mermaid comes out of layup for new storage charter with ExxonMobil.
USC liquidates two yard centres Operations unaffected as Russian shipbuilding holding company streamlines structure.
Captain missing from MSC boxship Ukrainian master believed to have fallen overboard off Italy.
Nordic American Tankers closing on newbuilding loan Herbjorn Hansson-led shipowner says main terms of facility to cover suezmax trio have been agreed.
Rederi AB Gotland sees profit dip Swedish tanker owner hampered by higher costs over first eight months.
Eidesvik adds two years to OSV charter Norwegian owner keeps Acergy Viking in Germany until 2020.
Experts see short term gains for shipbuilders The worst of the shipbuilding market is over but there are still dark clouds on the long-term horizon, executives say.
James Palmer leaves Simpson Spence Young Partner and long-term company stalwart Rupert Lawson to head tanker team at shipbroker
Stolt-Nielsen tanker said to head for scrap Oslo-listed owner believed to have disposed of 1992-built vessel in India.
Navibulgar adds to bulker series Bulgarian owner declares options for two more handymaxes in China as expansion continues.
PDVSA barred from storage terminal Venezuelan major unable to use Caribbean facility as financial woes continue.
Stifel plays 'small ball' and rules out dry bulk home runs Analyst believes rates will remain range bound at reasonable but unremarkable levels.
Six crew kidnapped from Dohle boxship Captain of Demeter among those seized by Nigerian pirates off Onne.
Bahri profit dented by weak tanker market Saudi owner points to lower spot rates for its reduced quarterly bottom line.
V.Ships strikes Minsheng bulker deal Group to manage four new ultramaxes for financial leasing company in China.
Havila Shipping sells POSH JV duo Restructured owner offloads anchor-handlers it operated with Singapore group.
Icon Offshore boss heads for the exit Managing director quits Malaysian offshore vessel operator after less then 18 months incharge.
Moody's lifts Capital's rating up a notch Agency also highlights moderate leverage at Evangelos Marinakis tanker vehicle.
Don't fear the 'Belt', says industry leaders Investments under China's $900bn Belt and Road Initiative look good in the short term and hopefully in the long term, TradeWinds conference hears.
ICTSI seals Basra terminal expansion Philippines terminal operator to spend $100m doubling capacity at Umm Qasr, in southern Iraq.
Analyst turns more bullish on Samudera Shipping Indonesain shipowner set to benefit from improving dry bulk and containership sectors.
Report: 90% of Asia-Europe vessels to exceed 14,000 TEUs by 2020 The vast majority of container vessels serving the Asia-Europe trade lane will sport a capacity of more than 14,000 TEUs, according to a re...
A new, insourced model for logistics management? A new logistics services provider has set up a partnership with two prominent freight transportation technology companies to establish what...
UPS pilots cargo bikes in Toronto UPS is now testing cargo bicycle parcel delivery in Toronto, according to The Toronto Star , as announced at a city hall press conference h...
Lidl, Shipt launch pilot grocery delivery service in Greenville, S.C. German grocer Lidl has launched a pilot program partnership with online grocery delivery service Shipt in Greenville, S.C. to deliver groce...
CORRECTION: FMC authorizes ocean carriers to serve on NYSHEX board The Oct. 23 AS Daily article "FMC authorizes ocean carriers to serve on NYSHEX board" incorrectly stated that the U.S. Federal Maritime Com...
Ocean carriers impose port congestion fee for Banjul imports Ocean carriers CMA CGM and Maersk Line have issued customer advisories stating an emergency port congestion surcharge would be added to all...
U.S. imposes duties on biodiesel imports from Argentina, Indonesia The U.S. Commerce Department will instruct Customs and Border Protection (CBP) to collect cash deposits from importers of biodiesel from Ar...
imec Messtechnik launches cloud-based cold chain monitoring device Germany-based data logging firm imecMesstechnikhas launched itstempmate.®-GS device for complete monitoring of cold chain in real time, the...
3PL AGL cools Igloo's supply chain pain points Sometimes logistics management is just a numbers game. Too many carriers, too many logistics partners, too many spreadsheets, not enough p...
Oil strengthens lifting NYMEX December crude above $52/b NYMEX December crude rose 57 cents to $52.47/b. ICE December Brent increased 96 cents to $58.33/b.
Poor weather restricts bunker operations at Malta: port authority Inclement weather is limiting bunkering and other maritime operations at Malta.
Med HSFO market tightens further on fewer cargoes Tightness of the Mediterranean high sulfur fuel oil complex had been further exacerbated recently as a result of fewer cargoes available in the region, traders said.
ANALYSIS: Saudi Aramco IPO scaremongering looks overdone
Rotterdam ULSFO discount to MGO widens on aggressive selling The discount of ultra-low sulfur fuel oil to marine gasoil in Rotterdam widened Monday, as suppliers with more product to sell offered aggressive discounts.
St Petersburg bunker fuel price near 3-year high on high demand Bunker fuel prices at St Petersburg, Russia, have hit their highest in nearly three years Monday on high demand.
External: Wired Bunkering
No discussions with China for Saudi Aramco stake, says CEO Plan for IPO remains on track.
Equatorial Guinea confident OPEC/non-OPEC cuts will be extended: oil minister - Seven African oil producers invited to November 30 meeting - Equatorial Guinea oil production averages 138,000 b/d so far in 2017 - Hopes to increase African presence in OPEC
Nigerian crudes facing stiff competition into Europe on grades, freight Suezmax rates have been rising -- partially due to the Aframax market in the Mediterranean having been very strong for the last two weeks.
IEA eyes 40%-50% methane emissions cut from oil, gas sector at no net cost It is technically possible to avoid about three-quarters of the 76 mt of methane emissions estimated in 2015 from oil and gas operations.
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