Samskip acquires Nor Lines Logistics firm adds shortsea operator to list of recent acquisitions in bid to enhance Norwegian footprint
Suezmax earnings post weekly gains but Nigeria cap might prove worrisome Nigeria voluntarily agrees to 1.8m bpd cap as market focus shifts August programme
Supramax bulkers continue upwards trend to near three-month high Strength in the Pacific for coal and nickel ore movements sees 3.3% gain in average time charter earnings in the...
Diana Containerships results buoyed by RBS debt settlement gain Poor boxship market is reflected in revenue decrease
Oceanbulk Containers swaps SWS boxships for bulker newbuilds Oaktree-Pappas containership joint venture has been sharply scaled back in recent months
FSRUs tipped to outshine LNG carriers Charter rates for the next three or four years to favour floating storage and regasification units, says Drewry
VLCC owners hope for a better August amid rates dip McQuilling says earnings in the Americas are outpacing Middle East markets
UK maritime training investment yields almost 380% GDP return Government urged to spend more amid rising tuition costs and trainee losses
China Merchants Port seals $1.1bn Sri Lanka deal Hambantota is capable of receiving ultra large containerships and very large crude carriers
Will Singapore weather the offshore storm? City-state's shipyards have taken a beating over the last three years after the sudden and sustained crash in oil prices
OOIL satisfies all our acquisition criteria, says SIPG president Shanghai-based port operator looks to diversify into shipping by exploiting its state-owned status
DP World sees first-half container throughput rise 8.2% Handling in Europe, the Middle East and Africa rises 12.7% to 14.3m teu
Opec's struggle is shipping's gain Cartel's failure to curb oil supply helps tanker markets muddle along
Asia-Europe spot prices fall unexpectedly Average rates down 9% despite a peak season cargo surge, but rates expected to rise from August
Court denies investor's request to halt DryShips share sale Reprieve is granted but DryShips must respond by August 18
Daily Briefing
Prelude FLNG vessel arrives in Australia Shell expects to see cash flow from the project during 2018
Restructuring, offshore weakness and forex losses send Vard into the red Fincantieri unit says letter of intent for exploration cruise vessel expired without firm contract
BCG xChange offers new container monitoring tool BCG xChange, a subsidiary of the Boston Consulting Group, has launched a service today allowing users to track the full journey of ocean-go...
Opposition to new LA-Long Beach clean air plan grows Earlier this month, when the adjoining Los Angeles and Long Beach seaports released the draft version of their proposed 2017 Clean Air Acti...
Werner increases earnings 27% in Q2 2017 Werner Enterprises, Inc.'s net income for the second quarter of 2017 shot up 27 percent year-over-year to $23.2 million as freight volume m...
Report: U.S. infrastructure plans may take a back seat to tax reform Congressional Republicans may push infrastructure improvement plans to the back burner in order to first overhaul the U.S. tax code, accord...
HMM's U.S. West Coast volumes rise 77% year-over-year Hyundai Merchant Marine (HMM) so far in 2017 has seen its container cargo volumes jump 77 percent year-over-year in the Asia-U.S. West Coas...
AWO: U.S. tugboat, barge industry contributes $9b in annual GDP The American Waterways Operators (AWO) released a study Monday documenting the contribution of the U.S. tugboat, towboat and barge industry...
ATA projects steady freight volume growth through 2023 United States freight volumes are projected to grow 2.8 percent in 2017 and up to 3.4 percent annually through 2023, according to the Ameri...
Tech celebs behind $62m Convoy investment Even in an era of almost unprecedented interest and venture capital investment in transportation and logistics technology, the list of inve...
Port of Oakland declares itself ready for record peak season imports The Port of Oaklandcould see record-setting peak season import volumes, but cargo should still flow smoothly in and out of its terminals, a...
TANKERS: Partial maintenance at Italy's Trieste port until Aug 6 The works began on Monday and will run until 0800 hrs local time on August 6
RUSSIA DATA: June fuel oil exports down 6.2% on year at 3.29 mil mt Russian fuel oil exports in June fell 6.2% on the year and 8.2% on the month to 3.293 million mt.
Oil complex settles sharply higher, front-month ICE Brent above $50/b NYMEX September light sweet crude settled $1.55 higher at $47.89/b, while ICE September Brent rose $1.60 to settle at $50.20/b.
Availability of 180 CST bunker fuel at Greece's Piraeus set to rise Availability of 180 CST bunker fuel in the Greek port of Piraeus is set to rise this week, after a period of tightnes.
External: Wired Bunkering
JLPGA examines LPG as bunker fuel, driver for demand growth: vice chairman "While we still have time until 2020, we intend to examine every possibility and work as the industry as a whole to cultivate demand," Masuda said.
FUTURES: Crude extends gains after additional pledges at OPEC meet
ReCAAP, OCIMF ink agreement to fight piracy in Asia Despite a 22% on year drop in piracy incidents in H1 2017, concerns still remain over kidnappings and hijacking of ships for theft of oil cargo.
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