LPG is changing the Panama Canal Canal's new era is being defined by gas carriers
Kugs das blog The world of data protection
A textbook response to a digital disaster Maersk's response to the Petya cyber attack has been good, but other companies might struggle to cope
Logistics sector needs European workers in UK Brexit could cause huge problems for freight industry, says FTA
Suezmax rates under pressure on low West Africa demand and VLCC competition But lifted volumes expected to recover when Nigerian exports peak in August
Panamax bulker rates rise above $9,000 per day Strong activity reported in Atlantic and China's coal imports are highlighted
Light in the gloom for box port operators The container shipping industry could be on the cusp of 'a golden age of profitability'
Maersk cyber-attack puts unprepared industry on the spot Experts call on shipping companies to smarten up or keep getting attacked
Statoil awards seven long-term offshore vessel contracts amid market improvements Charters worth $368m are for five and three years
Hapag Lloyd retains credit rating after UASC merger Empty orderbook will allow carrier to pay down debt
All eyes on the sulphur cap Compliance, transition and enforcement concerns to be tackled in 2018
US indicts WWL executives for price fixing Wallenius Wilhelmsen Logistics denies one executive currently works at the company
Breaking through the ice: New currents in the Arctic China adds the Arctic to its Belt and Road strategy as other Asian countries boost engagement in the icy north
Dry bulk terminals lag in automation Bulk terminals need to explore ways to increase efficiencies, say experts at TOC in Amsterdam
Maersk contains cyberattack effects 2M partner MSC offering support
Dry bulk recovery being derailed by lack of scrapping Shipping association BIMCO says market could perhaps do without some 2,000 ships
Dry bulk charter rates forecast to rise in second half Research house NRA Capital is not too concerned by capacity growth, as it was driven by a fall in scrapping
Algoma Central raises $63m in bond offering Underwriters exercise option to purchase additional bonds
Antwerp to use blockchain technology in container handling operations Move is part of port authorities' initiative to make Antwerp a digitally connected port
Daily Briefing Maersk is put to the test as digital security worries become reality. At TOC Europe in Amsterdam, ports face a...
EU data protection crackdown looms Hefty fines and trading restrictions could be levied under new rules coming in May 2018
New York welcomes bigger containerships In pictures: ZIM Antwerp easily sailed under the revamped Bayonne Bridge, ushering in a new era for the Port of...
Kirby's lenders to add $300m to credit line New York-listed articulated tug-barge and tank barge owner expands coffers for acquisition.
Russian navy 'harasses' US-flag car carrier Warship and helicopter encounter International Shipholding vessel in the Baltic, raising concerns that commercial ships could become targets.
Eurotankers set for seventh secondhand buy in 15 months Eurotankers is eyeing a 15-year-old suezmax in a deal that would mark its seventh acquisition of secondhand tonnage since early 2016. Market sources have linked the Greek tanker player to the purchase of the 166,400-dwt Hrvatska (built 2005) from Croatia's Tankerska Plovidba for $20.7m. Brokers, however, add that the deal is still on subjects. A senior manager at Tankerska Plovidba declined to c
Japan looks to ease LNG cargo resales Findings from country's trade commission could help foster growing LNG spot market.
GSL looks to pay Citi loan and refinance debt New York-listed boxship lessor is looking to sell new bond issuance.
Gibson sees 2018 as flat market for tanker rates Research from tanker brokerage says supply-demand balance may not right until 2019.
Ferry master mistook masts for buoys Owner sheds some light on how Iyanough ploughed into breakwater.
Awilco LNG financial chief steps down Snore Schie Krogstad hands in resignation after six years and will be replaced by Oyvind Ryssdal.
DSME in $1.14bn convertible bond issue DSME is set to boost its finances with a KRW 1.3 trillion ($1.14bn) convertible bond issue. Seoul-listed DSME revealed the move today as part of a rescue package draw up by its creditors, Yonhap reports. Export-Import Bank of Korea will buy the bonds, according to the news wire. It comes just a few weeks after creditors bought into a KRW 793bn equity sale by the shipbuilder, which received a KR
Fjord Line seals $61m loan for buyback Norwegian ferry owner offers to purchase bonds maturing next year.
Halliburton hunting George Kaiser linked company An offshore equipment company part owned by billionaire George Kaiser is set to be sold to industry heavyweight Halliburton. Reuters reported today that Houston-based Halliburton is in final stage talks to buy pump maker Summit ESP. Kaiser, best known in shipping as the owner of LNG specialist Excelerate Energy, financed Summit ESP via his Argonaut Private Equity investment firm. According
Seanergy ends offering after raising $2.9m Greek bulker owner has bagged $27m in the past 10 months and is eyeing further acquisitions.
Eurotankers tied to suezmax purchase Greek owner tipped to have added to its crude tanker stable with $20.7m move.
Hapag-Lloyd off watch list at S&P Post merger rating retained by German line aided by its history of absorbing M&A deals.
Seadrill pumps another $100m into NADL Restructuring Fredriksen company adds to short-term loan to subsidiary.
Fesco restructuring to be 'done next month' Russian owner's president says eurobond refinancing deal close.
Clarksons: S&P key component of Greek fleet growth Sale-and-purchase deals major contributor to Hellenic expansion this decade but China took lead in 2016, brokerage notes.
Liberty House 'in talks' for ABG UK steel group said to be pursuing takeover of struggling Indian yard.
Keppel in conversion spree worth $61.3m Singaporean shipbuilder will turn two tankers into FPSOs and a heavylift ship into a crane vessel.
GasLog redeems bond issue a year early New York-listed owner spends $50m on remainder of its $119m Oslo notes.
Fictional first for P&O cruiseship Cartoon character Dora the Explorer to become godmother of Pacific Explorer.
Statoil retains more PSVs in Dof deal Norwegian oil major secures two units for up to 10 years.
Cyber-attack affects APM Terminals and Maersk Line Danish owner says its containerships are manoeuverable as it monitors situation.
Metal Shark gets teeth into $54m deal Louisiana shipyard to build up to 13 cutters for Honduras, Costa Rica and others.
US charges former WWL execs over alleged price fixing Kai Kraass, Anders Boman and Arild Iversen accused of conspiring on bids and rates.
Statoil keeps Havila duo for another three years Norwegian owner wins extensions to 2020 and 2021 for PSVs.
More cyber-attacks expected, report claims Norton Rose Fulbright's eighth transport survey suggests big data will be a key disruptor to shipping.
Seafarer killed in engine room fire Casualty aboard small Greek-owned gas carrier ends in tragedy for one crewmember.
Bangladeshi breakers set for tax talks Recyclers already looking to take advantage of reversal in punitive taxes with strong price for tanker.
Kerry Logistics launches Germany-China rail service Hong Kong-based Kerry Logistics has launched a weekly less-than-containerload (LCL)rail freight service between Duisburg, Germany and Shang...
PhilaPort opens second automobile berth PhilaPort's Pier 122 received its first vessel in 20 years on Tuesday with the arrival of the Glovis Comet , which was carrying Hyundai and...
Lidl to expand U.S. presence on two fronts German discount grocer Lidl is planning to open a fourth regional headquarters and distribution center, as well as four more brink-and-mort...
Anchorage International Airport accepting offers for commercial development Six companies around Alaska have submitted formal offers for development and finance projects at the Anchorage International Airport. The ...
Maersk issues update on cyber attack The A.P. Moller-Maersk Group was one of several international companies hit by a so-called "Petya" cyber attack on Tuesday, affecting the c...
Greek shipowners vote to extend tax pact Greek shipowners have agreed to extend their voluntary tax pact by another year, according to multiple news sources. At a meeting of the U...
UPS to freeze pension plans for 70,000 non-union employees United Parcel Service Inc. (UPS) will freeze pension plans for approximately 70,000 non-union employees in the United States, according to ...
Port of Antwerp to pilot blockchain container handling project The Port of Antwerp is working with start-up company T-Mining to develop a blockchain solution for safer container handling, the Belgian po...
WWL execs indicted in ro-ro shipping collusion case One current and two former executives with shipping company Wallenius Wilhelmsen Logistics AS (WWL) are among those that have been indicted...
ICE low sulfur gasoil trades in backwardation on prompt tightness The market may tip further into backwardation in the coming days, depending on the supply situation, sources said.
US DATA: EIA says fuel oil stocks hit four-month low Total US fuel oil stocks for the week ended Friday fell 5.4% to 38.174 million barrels, the lowest since the week ended February 17, when it was 37.811 million barrels, EIA data showed.
External: Wired Bunkering
TANKERS: Cross-Mediterranean Aframax route at seven-month low The Aframax market tends to slow in the summer months due to weaker demand for crude oil
Next meeting on EU CO2 market reforms 'around July 10': EU source Representatives from the parliament and council discussed three core issues on Tuesday as well as points that emerged from interim technical meetings, the source said.
Bunker availability at Istanbul rises as holiday backlog eases
UPDATE: Maersk energy units unaffected by cyber attack Maersk Line is unable to take new bookings "at the present time."
Singapore Q3 ex-wharf 380 CST bunker fuel term contracts concluded at $4/mt premium This compares with the current-quarter term contracts concluded at premiums of around $1.5/mt to the MOPS 380 CST HSFO assessments.
FUTURES: Crude edges lower amid rise in US stocks
New global industry alliance for low carbon shipping to be launched this week Attention turns to green house gas emissions after global sulfur cap.
Russia cuts June crude output beyond OPEC/non-OPEC deal obligation "The cut from October level ... is more than 300,000 b/d. It is that plus a bit more," the Russian Deputy Energy Minister said.
TANKERS: Nine BW Group VLCCs acquired by DHT Holdings now delivered "Our fleet has expanded by about 50% at what we think is an opportune time in the cycle," DHT said.
IMO bunker fuel change to benefit US refiners: Turner, Mason & Co. - US a key exporter of low sulfur products like diesel, gasoline - IMO move to displace 1.2 million-2 million b/d of fuel oil - Spread between light, heavy crudes to widen
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