Atlas Maritime looks to re-enter dry bulk Greek tanker company is tempted by lowest asset values in decades
Tanker firms should 'suck it up and go shopping' Consensus at Marine Money forum is current market weakness could provide bargain-hunting opportunities for assets
Big liner losses and finance profit at Cosco Shipping Box rates weigh heavy on preliminary 2016 results, while finance and leasing arm returns to profit
PetroChina appoints new chief financial officer Announcement comes as company warns net profit for 2016 expected to fall by up to 80%
Altomare inks VLCC time charter deal with Koch Deal would be decent business for Altomare, whose ship is 17 years old
Panamax bulker earnings slip 5.4% over the week Decline attributed to limited new cargoes in both the basins
Boxship deliveries to outpace scrapping in 2017 New capacity will outweigh vessels removed from fleet by two to one
Growing LNG spot trades prompt SGX and broker to launch delivered index Index will be on delivered ex-ship basis, which includes cost of freight
Samsung Heavy Industries trims losses in 2016 Cost-reduction measures beginning to bear fruit
Korean state ship finance firm to pump $644m into HMM Korean carrier to take 75% of new entity's initial capital
Dry bulk market less affected by the US, even as Trump axes TPP Dry bulk market's limited dependence on US trade could work in its favour in the near term, says Arctic Securities
Titan Petrochemicals establishes joint venture yard company Group aims to expand into the shipbuilding and repair services business
Singapore maritime authorities fine unlicensed bunker craft operator Operator had also used the licence of another bunker company
BHP Billiton hits record volume for iron ore output Yet copper production fell on power outages at the Olympic Dam mine in South Australia
Cosco yard clinches wind farm support vessel order Delivery scheduled for the fourth quarter of 2018
Boxship halts search for missing seafarer Investigation on disappearance to take place once ship moors at next destination.
How do you solve a problem like Korea? Paddy Rodgers asks why shipyards have not seen "Hanjin-style" action from state as capacity clouds market outlook.
'Teapot' crude quotas bode well for tankers China's licenses for foreign crude could mean steady tanker demand.
Leon Patitsas positive on wet and dry buys Dry bulk remains on Atlas Maritime map, while DIS chief Marco Fiori suggests being upbeat can help you live longer.
ConTex hits 300 mark Containership rates are showing upward trends in 2017 and the Hamburg Shipbrokers' index improves.
Nigeria crude cargoes to take hit in February Maintenance at major offshore field will cut liftings in half at FPSO.
Diana secures cape pay rise from Cargill Greek bulker owner keeps up the chartering momentum this week as it also wins panamax contract.
Russian cargoship banned by Paris MoU Third detention in the last 18 months leads to action by port state body.
Navios Midstream Partners fixes VLCC Angeliki Frangou-led tanker owner wins one year charter as it reports smaller Q4 net income.
DNB Markets positive on oil and Trump Senior economist says Brent prices will rise and trade war between US and China is unlikely.
STX must pay investors over fraud Korean yard ordered to hand over $4.2m to shareholders for losses due to accounting irregularities.
RMT calls for action on UK crew decline A study released by the department for transport reveals a fall in deck and engine ratings.
Eimskip confirms box double at Wenchong Icelandic line takes cooperation with RAL to next level with deal for new tonnage.
GoldenTree adds to its Eagle Bulk stake Investor buys more, but overall stake diluted; insiders also add positions.
CoscoCS units expect mixed 2016 results There will be winners and losers from Chinese shipping conglomerate's restructuring.
GRS expands Aberdeen offshore office Two new members have been added to the squad of specialist renewable energy shipbroker.
SwissMarine, Cargill split on dry investment Peter Weernink has his eye on older bulkers while Eric Aboussouan thinks cheque books need a rest.
Maersk Supply fixes AHTS for two years Danish owner has won a deal from PetroRio in Brazil for veteran Maersk Pacer.
Korea Shipping spending $644m to buy HMM vessels New state shipowning fund will lease ships back to restructured owner at cheaper rates.
Bulker scuttled as reef off Texas Kraken sunk by parks department as attraction for divers and fish.
Libyan oil: three-year high and rising Output reaches 715,000 barrels per day, with more to come.
Carnival and Wartsila in $965.4m agreement Cruiseship giant assigns the maintenance of its engines to Finnish design and solutions firm.
Samsung Heavy trims 2016 operating loss South Korean shipbuilder returns to the black for the fourth quarter and posts smaller full year deficit.
Ex-DSME CEO facing further fraud charges Prosecutors accuse Nam Sang-tae of kickbacks involving acquaintances of former KDB chief.
Port of Oakland to build new warehouse, raise height of STS cranes The Port of Oakland expects to begin construction on nearly 750,000 square feet of warehousing this year and raise the height of six ship-t...
HMM to receive support from South Korean government Hyundai Merchant Marine (HMM) said it expects to receive funding of about 750 billion South Korean won (U.S. $644 million) from a new Korea...
Norfolk Southern increases net income in 2016 Source: Kenneth Keifer / Shutterstock Norfolk Southern's board of directors increased the regularly quarterly dividend to $0.61 per share N...
Special Coverage: Ocean freight industry enters a pivotal 2017 Bob Dylan wasn't talking about ocean freight procurement when he penned his landmark song "The Times They Are a-Changin," but how appropri...
BIMCO: U.S. trades were 'main driver' of container rate declines in 2016 An analysis of the spot container shipping freight rates from China, as published each week by the Shanghai Shipping Exchange's widely foll...
Port of Vancouver, Wash. names Marler permanent CEO The Port of Vancouver, Wash. has elected Julianna Marler to the permanent position of chief executive officer and executive director. Marl...
CN posts stable 2016 profits despite declining volumes, revenues Canadian National Railway Co. (CN) saw net income tick up 2.9 percent year-over-year to C$3.64 billion (U.S. $2.78 billion), according to t...
FEATURE: Singapore mandate puts pressure on bunker suppliers elsewhere to install mass flow meters "After Singapore's MFMs mandatory requirement, many soft inquiries have either become strong Inquiries or confirmations."
Container fleet growth to be driven by larger ships: Alphaliner New ship capacity of 1.69 million TEU will be added this year and 750,000 TEU scrapped, according to Alphaliner's forecasts.
European RMK fuel oil complex tightens on weaker Russian supplies RMK 500 is holding firm this week at around minus $4/mt to RMG 380 in Europe, while RMK 700 is at a discount of around $6/mt, according to market sources.
Feb fuel oil East-West swap at six-week low on increased volumes from West The February East-West swap rebounded slightly Wednesday morning, trading at $19.25/mt, the lowest since December 16.
RUSSIA DATA: Dec fuel oil exports down 4% on year to 4.3 mil mt Fuel oil exports rebounded in December from November when stormy weather in the Black Sea caused loading delays.
External: Wired Bunkering
JAPAN DATA: PAJ says Jan 15-21 oil product exports jump 37% on week High sulfur fuel oil exports also surged 57.9% week on week to 900,527 barrels in the week to January 21.
Norfolk bunker fuel prices retreat as resupply arrives: sources IFO 380 CST bunker fuel in Norfolk Virginia was assessed $12.50/mt lower Tuesday.
INTERVIEW: Turkey's CYE Petrol targets huge growth in bunker sales in 2017 CYE Petrol is expanding physical operations in Turkey, where the the number of vessels calling at its ports for bunkering has been growing
- 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
