Cobas doubles up on Teekay shares; grabs Teekay LNG stake Spanish investor in 'undervalued assets' picks up 10% stake in parent of New York-listed tanker owner.
Shipping resumes in US Gulf after storm passes First named tropical storm of the season slowed tanker and bulker movements.
Navios Partners appoints new director Navios Maritime Partners announced a new board appointment as another director steps down. The Angeliki Frangou-led company said Orthodoxia Zisimatou will be joining its board. Zisimatou is currently Secretary General of the Union of Piraeus Shipping Lawyers. She also serves on the policy, environmental and legal committees of the Hellenic Chamber of Shipping. She is currently a member of the
Charterers turn to anchor-handlers in PSV dearth Norway sells out of supply ships again, but plenty to choose from in the UK.
Seacor Marine bids for bankrupt firm's assets Offshore spin-off of Seacor Holdings makes first play as independent company.
Union Commercial denies supramax sale Greek owner dismisses brokers' reports and clarifies that 2011-built ship is not up for sale.
DFDS acquires Eurotunnel vessel duo Danish ro-ro owner exercises option for two ships on bareboat charter since 2015.
Zim confirms Costamare boxship charter Israeli owner deploys 11,000-teu newbuild in Asia-South America trade.
Murakami re-elected as K Line chairman Largest shareholder Effissimo Capital helps executive stay at helm of Japanese liner company despite opposition.
ABTO: can the liquefaction 'can test' Bulker terminal group wants a complete overhaul of testing for raw ores and other cargoes.
Restis, Dragnis linked to MR2 orders at STX Greek owners said to be moving for tankers at Korean yard.
Knife held to crewman's neck in robbery Thieves raid bulker anchored in Indonesia.
Captain, pilot placed on leave after smash Investigation continues into US ferry crash that injured 15 people.
Seismic surveys 'harmful to zooplankton' Australian scientists find data acquisition killing off marine life.
'We're not looking to take over competitors' Although Yee Yang Chien stresses the need for industry consolidation, he says MISC is not looking to go out and take over another shipping company. "If we were to do it, it would be through asset consolidation," the president and chief executive said. "We don't need to buy an entire company and its manpower if we stay in our four core business areas. The only exception would be if we are going in
Glencore pays $4bn to states around the globe Australia tops the payment list of Swiss commodity trader for second consecutive year.
Cash for Cosco Payday is coming in a $4.2bn deal between the Export Import Bank of China (CExim) and China Cosco Shipping.
MOL and MES team up on big data Owner and shipbuilder join forces on vessel monitoring and AI.
Barreras lined up for Ritz-Carlton ships Spanish shipbuilder says it has won contract for trio of luxury vessels for hotel group.
Diana adds $3,000 per day as it fixes panamax Greek owner enters new charter with Phaethon for 2005-built bulker.
Greenship Bulk Trust set to shut up shop Jacques de Chateauvieux-backed venture calls time on Singapore-based company.
South Africa blocks Japan liner merger Competition commission throws potential spanner in the works for Ocean Network Express (ONE).
Atlas Maritime joins Navig8's V8 pool Greek shipowner is said to be entering 2003-built Japanese-built aframax into tanker pool.
Mitsui to develop commercial vessel monitoring system Mitsui O.S.K. Lines (MOL) will work with Mitsui Engineering & Shipbuilding Co. (MES) to develop a vessel monitoring and support system ...
Abu Dhabi to take over Fujairah Port operations Abu Dhabi has signed a 35-year concession agreement to develop, manage and operate Fujairah Port. The agreement grants Abu Dhabi exclusive...
OCEMA, NY/NJ port discussion agreement moves forward Despite a split vote among the four commissioners currently making up the Federal Maritime Commission, a discussion agreement between the P...
SCFI slips on Shanghai-U.S. trades The Shanghai Shipping Exchange's Shanghai Containerized Freight Index (SCFI) fell 1.3 percent from last Friday's reading of 838.36 to a rea...
CEVA opens new office in Myanmar Third-party provider CEVA Logistics will open an office in Myanmar as part of its expansion in the Mekong markets. The company provides oc...
USDA halts Brazilian beef imports The U.S. Department of Agriculture has halted all imports of fresh beef from Brazil, citing concerns about the safety of these products. T...
Rep. Lowenthal files freight infrastructure funding bill Rep. Alan Lowenthal, D-Calf., has introduced a bill that would create a dedicated revenue source to improve the country's freight infrastru...
Executive Moves: Maersk Line, MCC, Port of New Orleans, Deutsche Post and Truckstop.com Source: Pressmaster/Shutterstock MCC Transport, Maersk Line, Port of New Orleans, Deutsche Post DHL Group, and Truckstop.com announce corpor...
Report: 3PLs playing larger role in Mexico trucking Trucking in Mexico totaled $60 billion in 2016, according to a new report released by Armstrong & Associates titled "Trucking in Mexico...
NYMEX crude holds onto modest gains after hitting 11-month low NYMEX August light sweet crude settled 27 cents higher at $43.01/b, while ICE August Brent rose 32 cents to settle at $45.54/b.
First Suezmax for July fixed on Europe-Asia HSFO arbitrage route A first Suezmax vessel for July has been booked to take HSFO from Europe to Asia, and a second fixture is expected soon
Upper US Gulf Coast port operations returning to normal following storm In Texas, the Sabine/Neches pilots, who serve the ports of Beaumont, Port Arthur and Orange, resumed outbound boardings at 6 am CDT (1100 GMT).
DRY BULK: USGC Supramax freight surges on improved cargoes, Panamax support Freight gains were primarily seen in front-haul trips to the Far East, with improved grain and petcoke demand boosting rates, while trans-Atlantic levels remained steady for the most part on lower stem volumes, and with shipowners keen to stay in the Atlantic due to limited tonnage in the basin.
External: Wired Bunkering
Durban bunker prices hit 7-month low amid improving availability, lower benchmark This tracked the 180 CST high sulfur Singapore cargo regional benchmark, which was assessed Thursday at $283.53/mt.
Singapore July ex-wharf 380 CST bunker deals inked at MOPS +$4-4.50/mt Stocks were tight mainly due to only 3 million-4 million mt of imported fuel oil cargoes expected in July.
OPEC/non-OPEC committee says oil market 'moving in right direction' The committee said compliance with the cuts in May hit a collective 106%, the highest it has been since the deal began in January.
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