Bearish Diana is now bullish on dry bulk market balance Greek owner says new $40m loan made to Diana Containerships rightly took precedence over fresh bulker buys
Product tankers shake off summer sluggishness on naphtha and gasoline trades LR2 rally might slow after a 54% weekly hike in earnings but fronthaul Atlantic medium range trade is firming
What will power shipping in 2050? Leah Kinthaert asked several maritime experts which alternative fuel they thought would see the largest growth by 2050. Will LNG...
MOL identifies three shipping segments for LNG fuel rollout Containerships, car carriers and passenger ferries to lead the charge for Japanese shipping giant's LNG bunkering plan
Diana Containerships unveils new reverse split Share dips as second split in two months announced for this week
Slow growth in small-scale LNG hurts Singapore terminal plans Singapore LNG Corp sees no business case in building third jetty at terminal for LNG ships
Diana reports hull damage to panamax bulker Chartered-out vessel is anchored off Indonesia having completed a voyage from Singapore to China
Australian train crash derails panamax bulker rally Weaker charter activity in South America also hurts sentiment
Container shipping's consolidation is 'creating an oligopoly' Increasing liner concentration means an end to era of low freight rates and deep repercussions for entire industry, says Drewry
Cosco Shipping answers Shanghai Stock Exchange on OOIL acquisition Antitrust uncertainties remain; no need for OOIL creditor clearance; synergy valuation reasonable and maintenance of OOIL listing status feasible
K Line sells heavylift business to Harren & Partner Family-owned German owner to buy SAL Heavy Lift
Law firms made subject to greater UK sanctions scrutiny Incoming regulation requires reporting any knowledge of sanction breaches
Singapore likely to roll out flow meters for distillates early next year Trials are expected to be completed by September 2017
Spotlight on Asia-Pacific amid consolidation and burgeoning trade routes Deadline looms for entries to this year's Lloyd's List Asia Pacific Awards, which will cap a turbulent 2016-2017 for container...
Daily Briefing
Costamare posts solid profit despite weak boxship market Owner of 72 vessels unveils new financing for acquisitions and slew of recent charters
Costamare strikes 'agreement on terms' for loan for third ship Containership owner's finance chief says it is working on final documentation with European bank for loan deal.
Safe Bulkers buys back bulker duo for $43.8m Greek bulker owner exercises purchase option for two kamsarmaxes, part of a 10-year sale-and-leaseback deal.
SAL deal makes Harren new dominant force Harren & Partner is to become the new dominant force in the heavylift market after buying SAL Heavy Lift from Japanese giant K Line, shipowner Martin Harren says. The German owner confirmed the purchase this week, four months after TradeWinds initially tipped the company to complete the takeover. Harren & Partner, which also owns Combi Lift, will own a fleet of 26 heavylift vessels after buying
ECJ ruling challenges restrictions of P&I cover The Sea Endeavour 1 was a small, elderly vessel carrying a cargo of sugar beet on a short Danish domestic voyage but a modest claim that arose has attracted interventions from the European Commission and the Belgian and Spanish governments. The European Court of Justice (ECJ) has ruled that there is a right of direct action against insurers in the courts of European Union (EU) countries, even if
Diana executive explains inter-company loan Second cheque was sent to help safeguard return of the first, Ioannis Zafirakis says.
Petronas ends Canadian LNG export plan Long-touted project joins fate of many others as low prices and red tape hamper final investment decisions.
Buzby nomination is applauded by US-flag advocates Nominee believed to be a solid pick to tackle challenges facing US Maritime Administration
Coral Shipping snaps up Asahi-owned MR2 tanker Greek player swells fleet to 15 vessels with $9.8m deal
Diana Shipping surveys dry bulk balancing act Executives say market has reached 'famous' balance but it can be 'destroyed' again.
Thomas hands over USCG's top safety job Former Marine Safety Center commander, Rear Admiral John Nadeau, takes helm of prevention policy division.
Samudera's boxship unit pushes profit up Shipping arm of Jakarta-based logistics company sees weaker results in dry bulk and tanker segments.
Diana Containerships takes up reverse split Simeon Palios-led boxship owner does third such move since June 2016 to keep listing afloat.
Pappas swaps boxships for big bulkers at SWS Contract is for newcastlemaxes rather than capesizes as previously thought.
NYK fits scrubbers to newbuilding brace Japanese owner inaugurates the use of exhaust gas cleaning systems on its ships through Wartsila deal.
Diana Shipping bulker damaged during Indonesian grounding Panamax on charter to Unipec Global Commodities involved in Pulau Laut incident.
Shanghai Port plots $1bn bond offering Chinese port is issuing new notes hot on the heels of becoming a shareholder in OOIL.
Navios Midstream earnings sink below Wall Street forecasts Longer-than-expected dry docking conspires with lower market to hit second-quarter profit.
Golden Ocean and Equinox bulkers fixed Short period deals come to light as BDI falls back a fraction midweek.
Capesize rate recovery 'may take a while' Banchero Costa takes cautious stance on market as scrapping slows and demand cools.
Fincantieri shares fall as Paris and Rome trade blows Shipyard's stock comes down amid latest sparring in STX France ownership fight.
Atlantic Offshore scraps veteran pair Laid-up ERRV brace set to be chopped up in Denmark, shipowner says.
EMAS subsidiary to be wound up Singapore High Court appoints joint liquidators for 2007-built pipelay vessel Lewek Champion.
Harren & Partner strikes SAL Heavy Lift deal with K Line Takeover makes German shipowner a dominant player in the sector, Martin Harren says.
HHI checks out of Hotel Hyundai investment Shipbuilder sells its interest to private equity investor Hahn & Co
Subsea 7's strong results not without alarm, analysts say Oslo-listed owner boosts its profit in the second quarter and expects more contract awards by early 2018.
Seadrill remains 'likely' to restructure under Chapter 11 Restructuring talks pushed into September, close to key bond maturity.
Harren & Partner to acquire German heavy lift carrier Bremen, Germany-based shipping company Harren & Partner will acquire heavy lift and project cargo carrier SAL Heavy Lift from "K" Line,...
IAG Cargo gives pharma shipments high priority status IAG Cargo has announced that its Constant Climate shipments can fly under its "Critical" product , allowing pharmaceutical shipments to be ...
NS net income surges 23% in Q2 2017 Class I railway Norfolk Southern Corp. recorded a net income of $497 million for the second quarter of 2017, a 23 percent boost from the co...
Samskip to acquire Nor Lines AS Samskip will acquire Nor Lines AS, thereby boosting the company's shipping, logistics and transport activities in Norway, Samskip said in a...
ATA: Truck tonnage index falls 4.3% in June Domestic truck tonnage in June fell 4.3 percent from the previous month, following a revised 6.9 percent monthly gain in May, according to ...
Air cargo industry says ACAS pilot proven successful While U.S. Customs and Border Protection (CBP) has recently extended its Air Cargo Advance Screening (ACAS) pilot for another year, the air...
Schiphol cargo volumes soar 8.7% in first half 2017 Amsterdam's Airport Schiphol saw cargo volumes grow 8.7 percent to 866,713 metric tons during the first half of 2017, compared to the same ...
More noses needed for air cargo screening The air cargo industry is urging Capitol Hill lawmakers to keep up pressure on the Transportation Security Administration (TSA) to expand i...
Newbuild vessel orders sink in 2017 Orders for newbuild ocean vessels have slipped during the first half of 2017, despite orders for bulkers and tankers rising during the peri...
US DATA: EIA says USGC fuel oil stocks halt five-week decline, imports jump USGC inventories rose 1.084 million barrels, or 5.7%, to 19.828 million barrels, EIA data showed, for the first increase since the week that ended June 9.
Crude futures maintain momentum after US stock draw NYMEX September light sweet crude settled 86 cents higher at $48.75/b, while ICE September Brent rose 77 cents to settle at $50.97/b.
Noble Group seeks to sell global oil liquids unit Singapore-listed Noble Group is seeking to sell its global oil liquids unit and has already agreed to sell its North American gas and power business as part of its restructuring process to reduce debt.
ANALYSIS: Bunker traders must reinvent themselves to hold market share Bunker trading margins have been under sustained downward pressure since the 2014 slump in crude prices.
Scrubber manufacturer Wartsila sees first-ever order from Japanese vessels The first vessel is due to be delivered to NYK in the fourth quarter of 2018, and the second in the Q1 2019.
External: Wired Bunkering
ANALYSIS: China's record US crude imports to give OPEC more sleepless nights -OPEC's share in China falls to 55% in H1 -More US grades are on its way to China -Inflows from Saudi Arabia hit six-month lows
TANKERS: Tanker and bulker newbuilding orders rise in H1 2017 - VesselsValue Overall orders in H1 2017 was 245, a slight decrease from 254 seen in the same period in 2016, and less than half of the 594 orders seen for H1 2015.
ANALYSIS: Tight supply lifts Far East Russian crude premiums - ESPO pipeline maintenance may cut Sep cargoes by 5-8 - Sokol loading program shows 67% on month drop in Sep supply - ESPO, Sokol premiums rise despite Asian refinery run rates seen low
Around 10 million barrels BFOE currently held on the water: cFlow At least three fully laden VLCCs of Forties and five Aframaxes carrying Forties or Ekofisk were anchored along UK coasts Tuesday, cFlow showed.
FUTURES : Crude extends rise after US crude stock draw
TRADER NOTE: Lukoil Singapore fuel oil trader relocates to Dubai
- 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
