Houston area ports shut till mid-week as area battles floods Emergency response and recovery hampered by widespread flood damage
MOL, NYK, K Line to develop trade data sharing platform using blockchain Consortium also includes trade partners from banking, insurance, logistics and export/import sectors
Handysize market registers modest increase in rates Tight tonnage in the Pacific did not provide much support to the earnings
US Navy recovers remains of 10 missing sailors from USS John McCain US officials continue with investigations to verify the cause of the collision between the warship and oil tanker
Tankers to feel the heat of Hurricane Harvey aftermath Damage to US oil and gas infrastructure could reverberate across tanker markets
Corpus Christi sustains light to moderate hurricane damage Major oil port expects to start channel surveys as early as Monday
Capital Product Partners secures employment for three MR tankers Time charters brings partnership's coverage to 90% for 2017 and 58% for 2018
Songa Bulk buys kamsarmax worth $23m Vessel to be delivered by September this year
Daily Briefing
Bahri places $120m order for dry bulk quartet Hyundai Heavy Industries to build the four vessels
Nexans orders cable layer in Croatia French cable manufacturer splashes out on vessel at Uljanik shipyard.
Corpus Christi aims for 4 September restart UPDATE: Unsettled weather making it difficult for US Army Corps of Engineers to survey channels.
Dorian LPG looks for $40m in share sale New York-listed shipowner has no immediate cash call, but may have 'financing window.'
Operators rejig South America services French operator CMA CGM is reshuffling two of its services to South America in the wake of its purchase of Maersk Line's Brazilian subsidiary Mercosul Line. It is doing so by teaming up with Maersk Line and Hamburg Sud in a deal linked to competition rules following the Danish giant's takeover of the German rival. The operators plan to establish two services linking the east coast of South Ameri
Harvey slows Texas shipping operations Vessel traffic is affected and oil refineries are shut but it's still early to assess the impact on the market.
Two more Libyan oil fields disrupted El Feel stops production while the Hamada oil field will gradually stop pumping through Monday.
MOL takes part in blockchain initiative Japanese owner joins compatriots in consortium aiming to enhance data sharing platforms.
Tanker runs aground off New York Japanese-controlled vessel makes overnight stay in the Big Apple after touching bottom.
Icon Offshore trims first quarter losses Malaysian offshore vessel operator sees improvement in fleet utilization, but not in charter rates.
Nordic Shipholding slips into the red Danish product tanker specialist suffers from 23% decline in TCE revenue.
Bodies of missing sailors recovered from warship-tanker collision aftermath The bodies of all 10 US sailors who were unaccounted for after a US Navy guided missile destroyer collided with an oil/chemical tanker have...
UK to begin truck platooning trials Truck platooning trials will commence in 2018, according to the UK government. The United Kingdom has pledged 8.1 million pounds (U.S. $10....
NCRR to invest in rail infrastructure, textile facility North Carolina Railroad Co. (NCRR) plans to invest $60 million by 2021 in a new manufacturing facility and adjacent rail infrastructure in ...
Port of LA introduces new security measures following deadly trespassing incident Additional security measures are being designed and being put in place at the Port of Los Angeles, officials announced Aug. 25. The Port of...
PHMSA awards hazmat training grants The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) has awarded more than $4 million in ...
Navios Maritime to sell 10m new shares Ocean carrier Navios Maritime Containers Inc., part of Piraeus-based Navios Maritime Holdings, will sell 10 million of its common shares at...
STB schedules public meeting on CSX rail service issues The Surface Transportation Board has docketed a public listening session for Sept. 12 regarding recent rail service problems on CSX's networ...
FMC reviews 19 OTI license applications The U.S. Federal Maritime Commission (FMC) has received 19 ocean transportation intermediary (OTI) license applications and changes for rev...
Port of Long Beach diesel pollution down 88% since 2005 The Port of Long Beach, pictured above, said that it has reduced the harmful diesel emissions that it generates by nearly 90 percent since 2...
Harvey brings uncertainty to bunker prices in Houston, Panama Bunker suppliers and traders active in Houston and Panama said Tropical Storm Harvey is creating uncertainty for prices because participants don't know how long shipping operations will be affected.
External: Wired Bunkering
TANKERS: Red Sea-Japan LR1 rates at discount to PG-Japan for first time in 5 months The ships that are ballasting from Europe to the Red Sea and the Persian Gulf are now willing to offer discounts to secure their next cargo.
TRADER NOTE: Cockett Group makes senior management appointments Kiddell will be based in the London office and Holloway in Dubai.
FUEL FOR THOUGHT: Saudi-US relations reset along familiar lines Oil and security remain the pillars of the Saudi-US relationship that neither side appears likely to abandon anytime soon.
FUTURES: Product crack spreads soar to 2-year highs on US hurricane
Concerns over US LPG lifting due to hurricane push Sep Saudi CP expectations "Everybody is asking Aramco or Arabian Gulf suppliers for the spot cargoes, but I don't think the AG can supply spot," a trader said.
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