Daily Briefing Hijack ship costs are subject to general average, the Supreme Court has ruled
Best in shipping lauded at 2017 Lloyd's List Asia Pacific Awards Seafarer award winner recognised for successful rescue in rough seas while Lifetime Achievement goes to industry veteran who transformed shipmanager...
NuStar allows Trafigura's loading of PDVSA crude from Caribbean storage Termination of business relationship between NuStar and PDVSA would have hurt the troubled national oil firm
$30m giveaway is a smart tactic, Britannia P&I insists Loss ratio-boosting move may be followed by others, Rodgers says
Spike in operating costs predicted in 2017 and 2018 Owners and managers anticipate higher costs after a drop in 2016
Wartsila posts record scrubber order intake ahead of sulphur cap Marine chief foresees ballast system manufacturer consolidation as company pursues digitalisation benefits
Drewry predicts $230m operating losses for spot LNG fleet in 2017 Rise in spot rates cannot bring owners back to profitability
North American ports set for bumper 2017 Demand for containerised trade soars as US and Canadian economies blossom
Inmarsat says no threat from discontinued satellite platform Vulnerability would have had little impact and system has now been discontinued
Top two Scandinavian banks cut shipping losses in third quarter Optimism prevails in Oslo
CMES net profit down 60.3% on weaker tanker earnings Gross profit from tanker business plunges 47% to $135m
Influence and speed A report by Dutch consultants CE Delft seems to be suggesting that only by substantially reducing the world fleet's sailing...
Panama Canal Authority unveils emissions calculator Tool will help shipping industry gauge emissions levels and reduce vessels' carbon footprint
Angelicoussis unit firms up two newcastlemax orders with Shanghai Waigaoqiao Brokers suggested a price of about $47.5m per vessel
HHI scores orders for two bulk carriers worth $168m from Korea Line The vessels are expected to be delivered by March 15, 2020
Container shipping consolidation may lead to oligopolistic structures Regulators should revisit rules governing consortiums and alliances to prevent market power abuse, says UNCTAD report
Japan to introduce registration system for shipmanagement firms Under the new system, shipmanagement firms will be able to register themselves at the ministry
Thailand to be a key driver of future LNG trade Country has plans to double its regasification capacity over the next 10 years
Seoul lawmaker claims Hanjin Shipping was a victim of the latest political scandal Hanjin was left to collapse because its chairman did not provide enough support to the former president's aide, review by...
Asto Telematics and CIMC establish smart container joint venture Both are looking to expand their sales volumes via the joint venture
GulfNav profit drops fourfold on lower liability writeback gains Group receives shareholder approval for $250m Islamic bond offering to pay down debt
Vitol exercises options for two more VLGCs at HHI Move comes after two firm orders previously made at yard
Milaha net profit halved amid weakness in shipping and offshore GROUP continues to manage costs and explore new growth opportunities
Belships earnings jump amid higher revenue Profit for Oslo-listed dry-bulk firm increases almost four-fold as it maintains healthy charter book.
Shareholders to vote on Teekay Tankers-TIL merger deal Votes to determine whether Teekay Corp daughter companies will be able to combine into force in midsize tankers.
Grimaldi quits Hellenic Seaways in ships-for-shares deal Italian owner admits defeat in takeover tussle and exits investment in company.
D'Amico enters new territory with LR1 trio launch at Hyundai Vinsahin Paolo d'Amico discusses a vast newbuilding project that has rejuvenated the fleet of Milan-listed owner and taken it into a new area of the product market
Restis forges deeper ties with Feidakis via Globus Stake in dry bulk player extends close relationship between Restis and Feidakis that stretches back more than a decade
Dingheng stainless-steel orders 'could grow to 100' Big shipowning companies such as Stolt-Nielsen and Sinochem are not going to renew the small chemical fleet, says Chinese shipowner Li Duozhu - so he intends to do it himself
Wide-beam vessels carry premium in flat charter market
CMA CGM named buyer of former Hansa Treuhand duo
Lorentzen Skibs picks up 14-year-old containership
Boxship rally too late for former Buss ships
Are 50,000-teu monsters a dream or nightmare? Consultant McKinsey & Co argues such mega-vessels are 'not unthinkable in the next half century', but not everybody is convinced
APL boxships to resume welcoming passengers
Global players submit bids for Statoil LPG newbuild tender
Engie review puts LNG assets in shop window
LNG spot rates not set to improve until 2019 Drewry forecasts another year in the doldrums for LNG shipowners after losses in 2017.
Total opens bids for new large LNG bunker vessel But progress on the business will likely hinge on decisions currently being pondered by large containership operators
Kassian Maritime tipped likely buyer of Hong Xiang's last ship
Z&G Halcoussis makes first order in seven years
Empire trims bulker fleet again with sale Stamatis Molaris-led shipowner makes gain on sale to Densay of handysize ship.
Celsius linked to ultramax quintet as it flips dry pair Brokers say Jeppe Jensen's outfit could pay in excess of $100m for five bulkers
Futuristic logistics concepts industry's best hope for infrastructure investment? Much of the policy discussion underlying the 2016 U.S. presidential campaign can be traced to a single issue: jobs. While this topic is eve...
House reps unveil federal port driver protection legislation U.S. House Reps. Grace Napolitano, D-Calif., and Jerrold Nadler, D-N.Y., on Oct. 26 announced legislation they say would ensure that truck ...
ODFL net income, revenues soar in Q3 Old Dominion Freight Line (ODFL) posted a net income of $102 million, up 19.6 percent compared to the same period in 2016. The less-than-t...
Norfolk Southern earnings rise 10% in Q3 2017 Virginia-based Class I railroad operator Norfolk Southern Corp. reported third quarter net income $506 million, up 10 percent compared to t...
CSX changes keep rolling with executive management shake-ups Jacksonville, Fla.-based Class I railroad CSX Corp. has hired a new chief operating officer to take on the responsibilities of two executiv...
Pilot launches new ground, air cargo transport offerings to Mexico Transportation and logistics service provider Pilot Freight Services has launched its new ground cargo transport service between the U.S. a...
UPS profits slip in Q3 despite rising revenues UPS posted a net profit of 1.2 billion in the third quarter of 2017 on revenues of $15.9 billion, according to the company's most recent fi...
Logistically to use SMC3 rate, transit time tools The cloud-based transportation management system (TMS) provider Logistically has integrated less-than-truckload (LTL) rating and transit ti...
Commerce finds steel wire rod dumped on U.S. market The Commerce Department haspreliminarily determined that steel wire rod from Italy, South Korea, South Africa, Spain, Turkey, Ukraine and t...
ARA fuel oil stocks rise 77,000 mt on delayed VLCC loading: data Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub rose 77,000 mt in the week ended Wednesday to 1.334 million mt
Fuel oil blendstocks face glut in Med on reduced Russian M-100 exports The drop in volumes of Mazut-100 exported from Russian Black Sea to the Mediterranean in October has slashed demand for the blend stocks needed to produce on-spec marine fuel oil.
UPDATE: St. Petersburg MGO differential at seven-month low as demand weakens Marine gasoil in St. Petersburg sank to a seven-month low against benchmark ICE low sulfur gasoil futures Wednesday
Novorossiisk bunkers' discount to Istanbul widens amid divided market forces S&P Global Platts assessed 380 fuel oil at the Russian Black Sea port at $357/mt delivered Wednesday, $37/mt below the level at Istanbul.
St Petersburg MGO differential at 7-month low as demand weakens
External: Wired Bunkering
Ukraine's Milestone Shipping seeks damages against Patriot vessel owner The company is claiming $208,000, an estimated value of the bunker fuel onboard the dry bulk carrier.
SOUTH KOREA DATA: Sep oil products demand up 3% on year at 2.57 mil b/d Driven by firm demand for transportation fuels amid a continuing decline in Bunker-C fuel consumption.
CHINA DATA: Sep residual fuel imports fall 4% on month to 1.56 mil mt China imported 1.13 million mt of fuel oil in September, down 16.4% from August.
ASIA FUEL OIL MOC: Fuel oil loadings concluded for 2.265 mil mt traded in Sep RMG accounted for the bulk of the traded volume at 1.925 million mt.
FUTURES: Crude steady following mixed US oil inventory data
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