DryShips accesses credit commitments secured by seven vessels New bank facilities and alternative financing for listed companies
D'Amico announces sale and leaseback deal D'Amico unit signs a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT...
Overcapacity still looms over boxship sector, Alphaliner says Effective fleet growth is rising faster than demand, according to Alphaliner
Pinter set to take over top job at Lloyd Fonds Former KG house promises new products including transport fund
Equipment shortage fears overplayed, Drewry says New paint rules threaten supply if demand increases
China's cuts to port fees forecast to streamline operations Changes to pricing structure will lead to more transparent and market-determined port-related fees, says Shanghai International Shipping Institute
Hanjin-affiliated university's president removed after disciplinary hearing The university plans to hold another disciplinary committee meeting next month to decide on further penalties against Ms Choi
Eyes turn to Sembcorp Marine after Keppel's Petrobras settlement Industry observers keen to learn whether shipbuilder's yard in Brazil will face a similar fine
Hyundai Heavy Industries aims to raise $1.2bn in share offering HHI will offer 12.5m new shares at $96 apiece
Cosco Singapore secures loan facilities to fund Cogent acquisition Loan of $261m to be repaid once parent China Cosco Shipping ceases to have a controlling stake in the Singapore...
Navig8 sees 'business as usual' after Gener8 and Scorpio deals Group will retain significant presence in shipping as a pool and asset manager, says chairman Gary Brocklesby
Pinter takes reins at Lloyd Fonds as new strategy unfolds CEO Torsen Reichert is stepping down over disagreement regarding company's future.
Kawasaki cancels Island Offshore order Japanese shipbuilder hit by $115m extraordinary loss after cancelling drill ship order
Diana Shipping panamax nets higher rate from Glencore Deal latest in a line of higher-paying contracts for New York-listed owner.
Vale in scrap sale of giant transhipment unit Mining company said to have collected close to $20m from demolition deal.
Cosco Shipping acquires loans to fund Cogent buy Shipowner enters into two loan facilities totaling $261.3m to pay for part of acquisition.
DryShips inks fresh loans as veteran bulker is sold George Economou-led company reveals new debt facilities and the exit of 16-year-old panamax.
Russian ship founders off Portsmouth Tugs on standby as Mekhanik Yartsev is in trouble off the English south coast
Angelopoulos retires from Bureau Veritas Sixth-seven-year-old has been instrumental in Bureau Veritas expansion
Boxship leaders consolidate power in active 2017 Alphaliner says top 10 lines hold record share of the market with tighter grasp to come.
Regulations fuel Marinakis optimism and investment Shipowner says chunk of the world fleet will be scrapped due to new regulations.
Alder Investment snaps up shares in Tufton Oceanic Assets London-based investment firm has taken a holding in freshly floated asset play vehicle.
Northport chases PDZ Holdings over unpaid fees Malaysian port goes after compatriot, but shipowner says funds were owed by former liquidated subsidiary.
Trafigura trades first Middle East, India LNG futures contract Initial transaction comes less than a year after Singapore Exchange launched DKI Sling.
Hyundai Heavy Industries plans $1.2bn rights issue Shares plunge up to 28% as it becomes latest Korean shipbuilder to look to bolster balance sheet.
GoodBulk takes extra CarVal capesizes Deal leaves Oslo OTC quoted shipowner with 25 vessels at the end of an active 2017.
Trump enforces GSP as Dec. 31 expiration looms U.S. President Donald Trump has recently taken steps to enforce eligibility requirements for countries enrolled in a U.S. trade preference ...
CMA CGM to resume Asia-Iran CIMEX 9 service CMA CGM has resumed its CIMEX 9 service, which connects Asia with Iran, the French shipping company announced Dec. 26. The CIMEX 9 feature...
U.S.-Mexico trade holds strong despite transport challenges, NAFTA uncertainty Trade between the United States and Mexico has been increasing over the last several years, but the market continues to face headwinds from...
ZIM modifying Greece-Turkey loop Israeli ocean carrier ZIM Integrated Shipping Services is modifying the rotation of its TGX service by adding a port call in Turkey and shi...
MOL develops augmented reality system as precursor to autonomous vessels Mitsui O.S.K. Lines, Ltd. (MOL) has sealed an agreement with Furuno Electric Co., Ltd. and MOL Techno-Trade, Ltd. to jointly develop a syst...
CSX taps acting CEO Foote to replace Harrison The board of directors of CSX Corp. has unanimously voted to name James M. Foote as the company's new president and chief executive officer...
Singapore shipyard to pay $422m in bribery case Singapore-based shipyard operator Keppel Offshore & Marine Ltd. (KOM) and its U.S. subsidiary, Keppel Offshore & Marine USA, have a...
Calif. DMV employee plead guilty to illegally selling CDLs An employee with the California Department of Motor Vehicles has pleaded guilty to being a co-conspirator in a scheme to illegally sell com...
FMC reviews 18 OTI license applications The U.S. Federal Maritime Commission (FMC) has received 18 ocean transportation intermediary (OTI) license applications and changes for rev...
Arctic blast lifts NYMEX ULSD crack to around $26/b NYMEX February crude fell 33 cents Wednesday to $59.64/b. ICE February Brent settled 58 cents lower at $66.44/b.
US DATA: December West Coast-Mexico refined product vessel traffic spikes year on year This month's refined product vessel traffic going from the US West Coast to Mexico more than doubled from December 2016, S&P Global Platts trade-flow data showed Wednesday.
OUTLOOK 2018: Mexico, Venezuela outlooks key in 2018 As the oil industry heads into 2018, Latin America is poised to take advantage of rising prices and ramp up in investment activity.
Russia's Gazprom Neft eyes long-term output growth on OPEC deal extension: CEO Gazprom Neft, Russia's fastest-growing crude producer by volume, will continue boosting liquids and hydrocarbons output in the long-run while viewing the OPEC/non-OPEC output freeze through 2018 as short-term that will not interfere with its strategic goals, CEO Alexander Dyukov said Wednesday.
Trump administration eyes Atlantic drilling, but hurdles remain From 1976 to 1983, the US government held 10 auctions offering oil and natural gas leasing rights off the East Coast.
External: Praxis Energy Agents S.A
External: Wired Bunkering
OUTLOOK 2018: Fujairah's bunker woes to spill over to 2018 on diplomacy, policy doubts Lack of clarity on some government policies raises questions on outlook for the region's shipping industry.
- 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
