Economou takes the stand Ocean Rig's bankruptcy a rare occasion for the shipping magnate to seek court protection
Brexit offers opportunities for logistics sector Leaving Europe will be challenging, but supply chain needs to look for new trade opportunities
Trump's executive order on energy is a wildcard for product tankers Removal of fuel efficiency standards will boost US fuel imports, raise demand for clean tankers
If Brexit must be, make it shipping-friendly Free trade, passporting and frictionless customs clearance should form part of package, Mrs May
Aframax and suezmax rates stem losses but disruptions loom Aframax time charter equivalent of $13,000 per day is far below five-year average
Panamax bulker rates jump to year's high on grain flows Spot fixture at $20,000 per day reported
Yard Talk | Is this the start of the shipbuilding comeback? Newbuilding demand increases but has it reached a tipping point?
One-off gains back China Merchants Port profit growth Port operations remain firm, but logistics and container manufacturing suffer decline
Idle box fleet sinks to six-month low Market has mostly absorbed excess capacity related to collapse of Hanjin shipping
Trade facilitation central to Brexit deal, ports group insists As Article 50 is triggered, BPA warns border checks could lead to costly delays for freight operators
Reading the tea leaves What Beijing's crackdown on independent teapot refiners means for oil flows, tanker demand and port expansion projects in north-eastern China
Fredriksen share sale blamed for DHT price dip Thwarted in his attempts to buy DHT, tycoon John Fredriksen will keeping selling shares in the company bit by bit
Greenship Bulk to sell last five vessels Move will see the company, which is in the hands of the creditors, exit the dry bulk market
Steimler is first non-Japanese to take top job at NYK Europe Norwegian starts role as chief exec of NYK Europe on April 1
Making the grade: African ports up the ante Foreign investment is providing the continent's ports with a much needed leg up, yet hinterland hurdles must still be overcome, says study
DSME chief to give back his pay in support of cost-cutting Jung urges all employees to co-operate in riding out challenging times
Yang Ming reports deeper 2016 net loss Operating revenues stood at $3.8bn
CMA CGM to launch weekly Brazil service from New Orleans Service will be able to handle reefer cargoes with 300 reefer plugs allocated on a weekly basis
Scorpio Tankers aims to raise $50m from public notes offering Proceeds to finance a concurrently launched tender offer for its existing 7.50% senior unsecured notes
Cosco Shipping Energy expects dismal tanker outlook for 2017 Vessel oversupply has reached a peak in the cycle
Ocean Rig files for bankruptcy protection Group also seeking to have restructuring proceedings recognised under US jurisdiction
MSC responds to FMC calls for shipper choice in tie-up with HMM Update: Maersk has reaffirmed an earlier pledge to customers as three lines prepare to work together on the Pacific, with MSC also promising transparency for shippers about ship deployment
Westbound VLGCs lift spot rates higher Baltic Exchange's LPG freight assessment at 13-month high as ships continue to ballast west.
Hedge fund ends Ultrapetrol lawsuit Copernico Capital Partners asks court to withdraw suit against shipowner' s executives, board members and Southern Cross after reaching settlement deal.
Fincantieri turns it around with 2016 profit Shipbuilder says it hit targets for full-year result as it leaves 'longest sector crisis.'
Seacor in position to prowl, analyst says 'Ugly backdrop' in offshore creates buying opportunities. Meanwhile, two PSVs shifted to Mexico JV.
Titan buys into new Singapore yard Hong Kong company continues its shipbuilding comeback in deal with EMS.
International Seaways' first earnings report shows loss for 2016 Lower rates and impairments impact earnings, but CEO says company in good position.
Harren becomes manager of Wind Lift German owner expands its activities with the addition of Ocean Breeze-owned offshore ship.
Affinity: idle boxship count falling rapidly Rates rising, but UK broker remains cautious on duration of recovery.
Magseis signs OSV charter deal Norwegian geophysical company taps "large owner" for vessel and equipment lease.
AP Moller-Maersk top brass granted share options New incentive plan will see management board and key executives share nearly $8m between them despite annual loss.
NSB develops new electrical power system German kit allows vessels to turn engines off while plugged into onshore power grid.
Lord Mandelson joins Global Ports Former EU commissioner and UK minister appointed to the board of Turkish cruise terminal operator.
Van Oord upgrading OSV at Damen Dutch owner boosting crane and loading capacity of Aeolus.
Seacor's negative forecast proves 'sadly correct' US-listed offshore vessel owner posts wider loss for both fourth quarter and full year.
Steimler appointed CEO of NYK Europe Veteran COO becomes first non-Japanese in key role.
Scorpio Tankers goes for $50m notes issue New York-listed owner prices new sale as it bids to refinance older debt.
Siem asks for bond maturity extension Norwegian offshore vessel owner wants bondholders to support its new financial plan.
Bulker earnings lagging behind steel prices Morgan Stanley upgrades trio of owners as it predicts 30% rate rise.
Yang Ming loss hits $492m in 2016 Taiwanese container line's operating costs outstripped revenue last year.
Hapag-Lloyd expects improved operating earnings in 2017 Source: Frank Gaertner/Shutterstock Caption German ocean carrier Hapag-Lloyd said this week it expects improved operating earnings this yea...
AFN unveils two supply chain, logistics scholarships Chicago-based freight broker and supply chain management company AFN Logistics has introduced two new scholarships to support women in the ...
GMXT to purchase FEC Railway Florida East Coast Railway Holdings Corp. (FEC) will be acquired by GMéxico Transportes S.A. de C.V. ("GMXT"), the transportation business ...
ATA: Driver turnover free fall continues at truckload carriers Annualized driver turnover rates at large truckload fleets dropped another 10 percentage points to 71 percent during the fourth quarter of ...
CEI: Transportation regulations stifling safety improvements U.S. transportation regulations - both existing and proposed - are getting in the way of industry safety improvements, according to a new r...
Commerce starts aluminum foil import investigations The Commerce Department has initiated antidumping and countervailing duty investigations into aluminum foil imports from China. Dumping oc...
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...
DHL launches New York-Colombia LCL service DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, is now offering adirect less-than-container loa...
Executive Moves: NYK Europe and Capes Shipping Agencies NYK Group Europe Ltd. has appointed Svein Steimler as president and chief executive officer, effective April 1, 2017. Steimler, who will a...
Novorossiisk curtails ship loadings amid weather warning: port authority A storm warning is in place at the Russian Black Sea port of Novorossiisk and shipping operations there have been reduced, a spokeswoman for the port authority confirmed Wednesday.
No one-size-fits-all solution to double payment woes: shipping experts The panelists at the 10th International Fujairah Bunkering & Fuel Oil Forum threw up a suggestion that physical suppliers revoke their right to maritime lien, which sparked a lively debate in the room.
US DATA: EIA says USAC fuel oil stocks at lowest since 2015 USAC stocks fell 415,000 barrels to 9.599 million barrels, the lowest in the region since 9.308 million barrels in the week ended September 18, 2015.
External: Praxis Energy Agents S.A
FUTURES 3: Crude rises on sentiment from Libya, UAE
External: Wired Bunkering
External: Marine Bunkering(Rotterdam)B.V.
FUTURES 2: Crude remains higher on Libyan cut, producer comments Oil prices were boosted overnight by Libya's state-owned National Oil Corp. declaring force majeure on crude oil loadings from its Zawiya oil terminal.
Oil market to reach $60/b as market balances: FGE Compliance among OPEC member high, and demand for oil strong.
INTERVIEW: UAE's Gulf Petrochem to enter new markets this year Bunnkering vital to company's supply chain
- 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
