Panama Canal looks beyond expansion As the canal celebrates the first 1,000 transits of its new locks, ACP administrator Jorge Quiano looks to its future role in world trade
Spanish government adopts port reforms Proposal heads to Spanish parliament where ratification will require work ahead of a nine-day strike in March
The problem with regionalism International agreement may be ploddingly slow and suffocatingly difficult to reach; but global consensus remains preferable to unilateral moves that threaten market confusion and delays in adoption
Modern capes underperform in asset markets Figures show asset prices have shrunk for new and five-year-old capesize vessels versus appreciation for older capes and in other segments
APMT puts pause on capital spend Terminal operator's new chief executive says the focus will switch to utilising existing assets, with sister company Maersk Line playing a crucial role
Vale's chief executive to step down in May Murilo Ferreira steered the miner through a 'very turbulent' period in the industry
Record European oil flows to Asia boost longhaul tankers Surge in North Sea and Russian crude shipments to Asia supports tanker demand across segments
Mixed rate fortunes cast doubt on certain GRIs Transpacific rates continue decline, but Asia-Europe rates rise in lead up to latest carrier price push
HMM shareholders approve share and bond issue plan Move paves the way for the company to boost liquidity
ICS lays out decarbonisation priorities Chamber calls for IMO strategy to encompass all of the shipping sector while remaining realistic
J. Lauritzen cuts loss amid refinancing talks Dry bulk and gas tanker owner sees challenging 2017
Costas Grammenos gets Capital Link leadership award Professor recognised as a 'visionary' and 'truly universal person'
MOL seeks a foothold in the offshore wind power industry Japanese giant decides to ramp up expansion efforts in the offshore business
US Coast Guard detains two vessels for safety violations Issues discovered during routine Port State Control inspections
MOL sets up new business segment Car carrier, liner shipping and port and logistics grouped together under product transport business unit
ITF secures wages and trip home for crew of detained vessel Federation negotiated with bank that owned the vessel
Two chief engineers convicted of illegally discharging waste from vessel Vessel operator Aegean Shipping Management admitted guilt ahead of the trial
HHI shoots down talk of Gunsan dockyard's impending closure Specific details of the plan could not be confirmed at the moment
Safe Bulkers reduces losses as rates rise in fourth quarter Cash-positive operations and low capital expenditure bolster owner's position
Teekay Tankers sees 2016 profit fall by two-thirds Midsize tanker operator unlikely to see much impact from Opec production cuts
Deloitte: EU risks loss of shipping dominance Study finds EU policies toward industry have 'gaps' relative to other regions.
International Seaways tanker detention sparks legal battle Pool operator Panamax International sues voyage charterer Petrolea over Venezuela holdup of nearly four months.
Sevan preps for first FLNG work order after ExxonMobil deal Teekay-backed floating production specialist forges framework agreement with oil major to use cylindrical hull technology for floating LNG and more.
NewLead steps in to fix leaking tanker UPDATE: Chartered-in ship receives repairs five months after being moored.
BDI jumps on the back of capes rise All indices are up this week as the Baltic's main index improves by more than 100 points.
NWS increases cargo volumes in 2016 Russian owner sees 84% jump in coal in positive 12 months of trading.
Teekay Tankers juggles debt reduction and growth ideas Chief executive raises newbuilding and takeover options while keeping loan repayments top of wish list.
NAO upsizes offering; share price slammed UPDATE: Shares fall 44% during regular trading as New York-listed PSV owner increases fundraising effort and prices public deal.
Fire sealed in on ARC car carrier UK coast guard attends incident on US vessel in English Channel.
Eimskip targets more distressed buys Icelandic owner taking advantage of weak markets as it posts record earnings.
Nisshin sale latest positive dry price point Brokers say panamax has changed hands at an eye-catching price after strong demand, especially in Greece.
Siem Offshore sells veteran PSV Norwegian owner's former Siem Supplier has been moved from Brazil to Malta.
Fiducia bulker sinks in Sweden Sterno partially submerged after taking on water in grounding in Gota River.
Jefferies calls small LPG inflection point Bank believes dynamics are changing with StealthGas tipped to return to profit in 2017.
HMM to run seven ships from Thailand US service will launch in April as part of 2M cooperation.
CoscoCS buys into Cosco Corp facilities Parent group is taking control of six shipyards as Singapore-listed subsidiary posts heavy loss.
North Sea sector remains weak PSVs have seen earnings dip, while anchor-handlers stayed over-supplied.
SeaBird to restructure in tough market Oslo-listed seismic vessel player says plans could mean big dilution for current investors.
Shipping vulnerable to regional emissions action ICS' Esben Poulsson says the IMO needs to make "significant progress" in respect of emissions.
Jinhui sells four loss-making supramax bulkers Oslo and Hong Kong-listed owner says the deal is "sensible and decisive" way to strengthen balance sheet.
Latvian Shipping hurt by fleet revaluation Riga product tanker owner falls further into the red in 2016.
RBS commercial impairments hit $267m Oil and gas weakness drags down bottom line at UK bank.
J Lauritzen sets out restructuring plan Danish shipowner seeks bondholder support for package that already has banks and major shareholder on board.
Solstad takes $132m fleet write-down hit Fourth quarter loss rises to $179m as ships revalued in downturn.
MOL shakes up business units again Japanese owner reorganises liner and car carrier operations following bulker, tanker rejig last year.
MOL acquires 5% stake in Seajacks Japanese shipowner in further offshore expansion with deal with Marubeni for shares in UK company.
Ocean Rig makes $3.7bn write-down George Economou-led company now has six of its eleven strong drilling rig fleet laid-up in Greece.
Allseas snares Nord Stream 2 pipelay deal Swiss group will deploy three pipelayers in Baltic Sea project due to start in 2018.
US Coast Guard detains two over PSC failures Karlog Shipping and Shunzan Kaiun bulkers held after inspections reveal "substandard safety issues".
Aegean chiefs guilty of 'magic pipe' charges Engineers face jail time after trial reveals whistleblowers alerted authorities to their actions.
IAG Cargo's revenues fall in 2016 International Airlines Group subsidiary IAG Cargo, which includes the cargo operations of British Airways, Aer Lingus and Iberia, recorded ...
GPA experiences busiest month ever in January Source: Georgia Ports Authority The Georgia Ports Authority handled 331,468 TEUs in January, a 16.2 percent increase from January 2016. The...
MOL decides to restructure organization Mitsui O.S.K. Lines, Ltd (MOL) will restructure its organizationeffective April 1, the Japanese shipping company said Friday. MOL is establ...
Uber, Otto sued for alleged theft of self-driving tech Waymo, the automated vehicle subsidiary of Google parent Alphabet Inc., has filed a lawsuit with the San Fransisco division of the U.S. Dis...
Port of Oakland to raise STS crane height at its largest marine terminal The Port of Oakland is raising the heightofbetween four and sixship-to-shore container cranes at its largest marine terminal over the next ...
Special Coverage: Headwinds in the intermodal industry Source: BNSF RAILWAY The intermodal industry has seen strong growth over the last several years, and although the overall outlook for inter...
SCFI slips 1.8% The Shanghai Shipping Exchange's Shanghai Containerized Freight Index fell 1.8 percent from last Friday's reading of 830.46 to a reading of...
Indian authorities release Chinese cargo vessel Chinese general cargo vessel Union Demeter is in the process of being released by Indian authoritiesand returned to China after being held ...
U.S. Class I railway employment continues to fall in January Class I freight railroads in the United States employed 148,427 workers as of the middle of January 2017, a 5.22 percent decline from 156,6...
New Orleans IFO 380 CST hits over one-month high on tight supply, barges New Orleans IFO 380 CST was assessed Friday at $323/mt ex-wharf, up $17/mt from Thursday. That was the highest level since January 20, when it was $325.5/mt
Oil dips as traders take profits, US rig count rises NYMEX April crude settled 46 cents lower at $53.99/b. ICE April Brent settled down 59 cents at $55.99/b.
Montreal MGO prices rise as spring-thaw rules begin early Marine gasoil prices in Montreal jumped as much as $27/mt Friday as local suppliers adjust for an early imposition of "spring thaw" regulations in Canada.
Singapore MPA speeds up bunker mass-flow-meter re-validation process Barge operators were initially worried that re-calibrating the meters would mean putting their barges out of operation for a few weeks as the meters would have to be sent to the manufacturers' laboratories in Europe.
USGC HSFO MOC activity hits 5 million barrels in Feb Deals for US Gulf Coast HSFO in the Platts Market on Close assessment process topped 5 million barrels in February as of Friday
Monitoring committee says OPEC, non-OPEC output cut compliance at 86% in Jan OPEC and non-OPEC countries achieved conformity with agreed production cuts of 86% in January
Rotterdam bunker sales drop to 10-year low in 2016 Total sales at the key northwest European port slipped to 10.15 million cu m, the lowest since at least 2006
External: Praxis Energy Agents S.A
Brightoil fuel oil sales jump 38% in second half The company reported a HK$412 million ($53 million) profit in the second half of 2016, after swinging from a loss of HK$523 million in the same period a year earlier
TRADER NOTE: Mitsui OSK Lines restructures bunker office The new office will be an independent part of the group's energy transport business unit and will replace the bunkering group within the company's tanker division
External: Wired Bunkering
ANALYSIS: Asia seen spoilt for choice as more US light oil becomes available The delayed 470,000 b/d Dakota Access Pipeline received final federal approval earlier this month to complete construction
FUTURES: Oil stable despite US stock build on OPEC cut optimism
- 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