Kremlin in ice-class, LNG-fuelled tanker drive Backed by state financing, Russian yard to build five aframaxes for Rosneft and Sovcomflot with HHI assistance
'We're back on the map', says Cyprus shipping minister As he nears the end of his term, Marios Demetriades is proud of the growth seen in the island's maritime...
Cyprus' banks dip their toes in the water Two of Cyprus' revitalised banks have serious plans to make a first mark in ship finance
Providing the climate for marine cover High-flying new marine insurer American Hellenic Hull picks Cyprus as a base
Cyprus' bulker-dominated fleet enjoys new repute However, the thorny issue of the Turkish ports embargo will have to be settled if the flag is to compete...
From Cutty Sark to E-Ship 1 Slow but promising steps taken in using renewables as marine propulsion
Cyprus aims at perfect pitch for shipping New status for maritime administration underlines the importance given to the industry
Angelicoussis poised to order four newcastlemaxes at SWS Project is at letter of intent stage but tipped to go ahead
Sinotrans Shipping and Pacific Basin shares tumble amid cautious dry bulk sentiment Analysts have warned about potential decline in iron ore trade due to China's environmental clampdown
BHP sees extra steel demand from China's Belt and Road Initiative Mining giant expects China's peak steel production in the middle of the next decade
Trading houses in the frame to drive a wave of fresh tanker orders VLCC rates rebound with Middle East-Japan trade topping $16,000 per day
China's crackdown on pollution threatens to cast a cloud over capesizes Beijing's halt on major public construction projects is likely to affect the demand for seaborne iron ore
Hadjioannou family buys first cape for Alassia fleet Brokers report that Orion Reederei's 2011-built Rugia comes with time charter attached
Hapag-Lloyd scraps three of UASC's older boxships Move is part of strategy of maintaining a modern fleet and follows merger with United Arab Shipping Co
ICTSI inks deals to manage Papua New Guinea ports Philippines group's local units seal 25-year contracts for the operation of Motukea and Lae ports
Ports urged to share data to optimise supply chain operations Industry still stuck on the notion that operational data should be proprietary, says International Association of Ports and Harbours' Bruce...
Harvey's lessons for tanker markets Climate change events such as recent storms in the US Gulf highlight risk elements in oil and gas shipping
Safmarine appoints new Korea head Lee Hyung-jin will replace Ahn So-yeon, who has been appointed as the head of customer service for Maersk Korea
China Navigation explores low-tech sustainable shipping solution in South Pacific islands Small wind-powered cargo vessel's design based on traditional Micronesian drua sailboat
Hyundai Heavy wins $800m Polaris order for 10 VLOCs Deal to build 325,000 dwt very large ore carriers is the largest HHI has clinched in five years
Samsung Heavy lands $986m order from MSC for six 22,000 teu containerships The indicative price of more than $160m apiece suggests MSC will be paying considerably more than CMA CGM for similar-sized...
MISC exits the tank terminal business Malaysian shipowner accepts $45.9m for 45% stake in Centralised Terminals, which will then cease to be a joint venture
BHP sees China's steel output running strong Mining giant says the infrastructure initiative to tie together many countries will mean extended growth in steel.
GTT calls time out for latest LNG membrane Primary supplier of gas ship cargo holds is talking to customers about product delays and options.
US denies Puerto Rico Jones Act waivers Request for another series of waivers to US cabotage laws comes as territory faces massive resupply efforts.
Rosneft and Sovcomflot ink deal for LNG-fuelled aframaxes Russian owner will operate tankers placed by oil trading titan at Zvezda shipyard.
Carnival's earnings beat, upbeat on 2018 Miami-based cruise giant says hurricanes to impact earnings, but overall growth continues unabated.
Norways' Skagen gets piece of Golar LNG Stavanger-based investment manager joins major US fund managers in taking stake in LNG vessel owner.
More wind work for Eidesvik Offshore Norwegian owner fixes large OSV to Adwen for five months.
North Korean ships 'hiding behind' Fiji flag Pacific nations scouring registers after Fiji cries foul.
Diamond Offshore lines up drillship double US owner spurns Korea to head to China for fleet expansion
Former Keppel exec charged with corruption Ex-yard procurement officer facing 395 counts of bribery and fraud.
CMA CGM fixes Seaspan ship on three year time charter French line said to have hired former Hanjin vessel on long-term contract.
CSET buoyed by $54m of subsidies World's biggest tanker owner banking cash from scrapping and retrofitting.
Maersk Line plans to scrap fire-hit vessel Danish giant is preparing to send Maersk Pembroke for demolition.
D'Amico International Shipping in leaseback with Sole fund Marco Fiori says latest deal brings liquidity needed to complete newbuilding programme.
Fuel lightered from grounded Atlantic Vessel can now be removed from rocks off Sweden, coast guard says.
Angelicoussis turns to dry with newcastlemax order in China Greek owner takes his 2017 investment in newbuildings to $750m with SWS deal.
EOL wins court protection for restructuring Singapore high court insulates offshore shipowner from legal action.
Wilson Sons facing rate cuts and suspensions Brazilian owner renegotiating PSV contracts with Petrobras in downturn.
Samsung snares giant boxship series South Korean yard appears not to have missed out on big boxship deal after all.
David Landgrebe leaving Ernst Russ Director to pursue other projects after helping restructure German asset manager.
Downing buys into Braemar Shipping Services London-based investor becomes one of top five shareholders in shipbroker.
Fincantieri close to taking over STX France France and Italy near deal to resolve row over French shipyard.
DSME to offload block unit DSSW Restructuring Korean yard continues to offload non-core businesses.
HHI confirms $800m Polaris VLOC order Yard to build 10 bulkers for domestic owner, its biggest deal in five years.
Some vessels won't be able to fit scrubbers Space constraints to leave some ships with limited options, while potential for delay to legislation is ruled out.
Miner's views mixed about online chartering But they are agreed that technology could make the whole process more efficient.
Closed shipyards only in "lay-up" ABS executive says it will not take much to restart facilities that were previously shut down.
US hurricanes forecast to boost MISC However, shipowner's US Gulf lightering activities have been impacted by adverse weather.
TransForce acquires Driving Ambition Alexandria, Va.-based TransForce, Inc., a workforce management firm specializing in commercial truck drivers, has acquired the assets of Dr...
OCEAN Alliance adds NY-NJ to ECX1 port rotation OOCL is adding the Port of New York and New Jersey to its East Coast Express 1 port rotation, the container transport company announced Sep...
Yusen breaks ground on first 'future-ready' warehouse in Singapore Yusen Logistics held a groundbreaking ceremony for what it calls its first "future-ready" warehouse in Tuas, Singapore on Sept. 20. The ne...
Executive Moves: project44 and Worldwide Express Source: Pressmaster/Shutterstock project44 makes additions to its sales and engineering teams, and Worldwide Express hires chief technology ...
Atlas Air Worldwide accuses Teamsters of illegal work slowdown Two of Atlas Air Worldwide Holdings' subsidiaries - Atlas Air, Inc. and Polar Air Cargo Worldwide, Inc. - are seeking a preliminary injunct...
DP Cargo UK pilots 'jumbo' freight train DB Cargo UK, the British freight rail operation of Germany's Deutsche Bahn, successfully piloted a 660 meter-long "jumbo" train of 34 wagon...
Report: Insured losses from Hurricane Maria in the Caribbean could reach $85b Industry insured losses for Hurricane Maria in the Caribbean are estimated to reach between $40 billion and $85 billion, according to catas...
House votes down FAA reauthorization, disaster relief bill The U.S. House of Representatives on Monday voted down a bill that would have extended the authorization of the Federal Aviation Administra...
USMX proposes ILA contract extension The International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) have taken a step forward in the labor contract ne...
Oil weakens as rally pauses before US inventory reports ICE November Brent settled 58 cents lower at $58.44/b. NYMEX November crude settled 34 cents lower at $51.88/b.
Bunkering halted at Novorossiisk by bad weather Availability of bunker fuel was already tight at the port, which had been driving down demand.
SUBSCRIBER NOTE: Platts proposes 0.5% sulfur marine fuel assessments from Jan 2, 2019 S&P Global Platts proposes to begin publishing daily cargo and barge assessments for residual marine fuels reflecting a maximum sulfur limit of 0.5% across the globe starting January 2, 2019.
SUBSCRIBER NOTE: Platts proposes to reflect ISO 2010 standards in bunker fuel assessments S&P Global Platts proposes to begin reflecting International Organization for Standardization's current ISO 8217:2010 standards.
SUBSCRIBER NOTE:Platts to continue publishing residual, marine fuel assessments after 2020 S&P Global Platts intends to continue publishing its existing high sulfur and low sulfur physical fuel oil and marine fuel benchmark price assessments globally leading up to and through the planned IMO limitations in 2020.
External: Wired Bunkering
South Korea gives LNG fueled vessels, bunkering further impetus "The government has designated LNG-powered vessels as a key part of the country's future shipbuilding and maritime industry."
External: Marine Bunkering(Rotterdam)B.V.
Panama-flagged crude tanker Ocean Mare arrested in Singapore offered for sale The vessel was arrested in Singapore on June 22 by Haridass Ho & Partners due to payment issues.
APPEC: OPEC seeks firmer ties in demand-thirsty Asia, amid growing competition Barkindo projected that crude exports from the Middle East to Asia would rise from 14.5 million b/d in 2016 to 22 million b/d in 2040.
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