Distillates to dominate initial post-2020 bunker scene, BofAML predicts Bank predicts only 1,500 ships will be installed with scrubbers by 2020
Glencore cuts coal output guidance by 8m tonnes Heavy rains and industrial action curtail production
Daily Briefing What lies behind Cosco Shipping's private placement?
HSH Nordbank receives final privatisation bids Unnamed investors staring at €6.1bn shipping portfolio
Clean tankers' outlook for 2018 still lacklustre Though supply shocks could lead to rate spikes at times, says Court Smith
Shipping facing new CO2 measures as early as 2018 IMO agrees on potential timeline but not everyone shares the same sense of urgency
Buy Rickmers, get $200,000 top golf club membership free Chief executive sacked on spot after divulging price sensitive information, restructuring plan reveals
Cosco eyes $1.9bn fundraising to finance orderbook Cosco Shipping Holdings to issue new shares to up to 10 investors
Class takes on shipbuilding balancing act Regulations, digitalisation and weak markets will mean even greater dependency on class
Pickup in scrapping lifts hopes of a tankers recovery Demolition of crude carriers finally resumes as owners seek to rebalance supply-demand fundamentals
Fight for market share threatens carriers' contract negotiations Lines are maintaining too much capacity ahead of annual long-term price setting, Drewry says
HPH Trust reports 47% slump in profits Volumes up, but rationalisation of liner services weighs on revenues
US Gulf activity supports handysizes Segment to see comfortably firm rates in the following weeks, say brokers
Singapore extends port concessions until June 30 next year Port authorities continue with concessions amid difficulties faced by a number of shipping segments
India ships first wheat cargo via Iran's port of Chabahar For India, Chabahar is an opportunity to diversify its economic and trade partners and bypass rival Pakistan
Japan's Oshima Shipbuilding is willing to take lower-priced orders to meet its target, says vice-president The company hopes to bag 40 orders next year to keep its yards busy until 2020
CSIC firms up $3.3bn debt-to-equity swap plan Subsidiary yards seeing high inventory levels and non-performing orders
CIMC back in the black on container shipping industry recovery Profit figure was in line with its earlier forecasts
Triyards asks Singapore exchange for more time to post results Shipbuilder in the process of restructuring its finances
Algoma ends strike after tentative deal with labour union A total of 54 employees of Algoma Tankers had been on strike since October 21
DeepOcean in hunt for new chief executive Chief operating officer Ottar M'land set to fill position temporarily at offshore vessel operator.
Danaos returns to profit amid charter contracts Last year's third quarter was negatively impacted by Hanjin bankruptcy.
Star Bulk further expands into logistics management Company plans to bring logistics expertise to kamsarmax and geared bulk carriers.
Lion Shipbrokers adds to chartering desk Athens-based multi-service ship brokering firm welcomes trilingual expertise to its roster.
Algoma signs deal with striking officers Canadian diversified shipowner says officers will start returning to tankers after six day walkout.
SALT dishes up winter kamsarmax fixture Scorpio-owned kamsarmax fetches rate well above company guidance for next earnings period.
Cosco Energy eyes over $800m from share sale Fundraising effort comes as the Hong Kong-listed owner books quarterly profit.
Wells Fargo bearish on tanker stocks over the long-term Major gains expected, however, in short-term and long-term tanker rates.
Siem Offshore fixes Stingray for two years Oslo-listed owner finds term work for subsea construction ship.
Deutsche Bank cuts loan provisions to $213m Third quarter credit quality remained high, German lender says.
Wall Street estimates point to third quarter loss for Euronav Tanker giant predicted to book red ink for the three months to the end of September.
Palumbo gives Silversea veteran an ice makeover Maltese yard carries out two months of conversion work on Silver Cloud.
ESL to expand bulker chartering business Finnish owner bringing in smaller ships for niche markets.
Clarksons marks up VLCC prices after latest sales Brokerage increases its published price levels for modern assets after Gener8 and Dynacom deals.
Cosco Shipping Development sees quarterly profit fall Hong Kong-listed leasing firm reports lower bottom line for the three months to end of September.
Hill Dickinson's Pittordis dies at 55 Law firm says head of marine suffered short illness after 30 years of service.
Cosco Shipping lines up $1.94bn share issue Giant Chinese state owner plans private placement to raise cash for boxship newbuildings.
Investor ups interest in Troim's Borr Drilling Folketrygdfondet's latest purchase takes stake in drilling company to almost $110m.
Hutchison Port Trust positive on US and European economies Singapore-listed port company says both US and European economies are progressing for now.
CSIC pushes up nine-month earnings Chinese state shipbuilder boosted by lower costs despite revenue fall.
Glencore fixes Scerni aframax pair on time charter contracts Italian owner said to have locked away its only two owned vessels on time charter.
Burning ro-pax abandoned Passengers take to life rafts after fire on Indonesia's Dharma Kencana II.
Glory Ships bulker grounds in German storm Tow lines from tug repeatedly broken in seven-metre swells off Langeoog.
Capital Product open to crude and products tanker dropdowns Jerry Kalogiratos likes the look of both aframax and MR tonnage in the MLP's pipeline.
Vroon wins more work for subsea support ship Dutch owner's VOS Stone to follow E.On wind farm work with job for VBMS.
LNG spot rates rising but equities resist Freight rates have seen meaningful progress in past few weeks but stocks have not, analysts say.
Teekay Corp sends idle FSO for scrap New York-listed company thought to have fetched up to $10m from demolition deal.
Chengxi Shipyard scoops Nova bulkers Chinese owner wins chip carrier contract from Singapore owner.
DSME shares crash 57% on trading resumption Korean yard's improved finances prompt lifting of suspension by stock exchange.
Several bids lodged for HSH Nordbank German state owners starting final sales negotiations as potential buyers meet deadline.
Sojitz invests in Spanish LNG Terminal Japanese trading house expands global gas footprint with stake in Mugardos facility.
Astomos recruits Elgas for LPG bunker study Australian gas distributor is the latest to join Japanese company's planned bunker revolution.
Wisdom ship lifts first Bethune potash cargo Canadian mine's debut fertilizer shipment heads for Asia on Taiwan-owned handysize bulker.
Singapore tightens security around crews Immigration & Checkpoints Authority says seafarers must now report to one of four designated offices.
Heartland's profits tumble in Q3 2017 Heartland Express, Inc.'s net income tumbled 37 percent year-over-year during the third quarter of 2017 to $7.9 million. In addition to th...
Trump directs USDOT to test integrating drones into national airspace The US is launching an initiative to safely test and validate advanced operations for drones in partnership with state and local government...
Port of NY/NJ's box volumes skyrocket in September The Port of New York and New Jersey handled 573,458 TEUs in September, jumping 15.2 percent year-over-year, the port reported. Auto units ...
CN, NS launch new joint service aimed at reducing transit times around Chicago As a major rail hub, Chicago has been plagued with congestion and delayed transit times. Canadian National (CN) Railways and Norfolk Southe...
OOIL revenues jump 26% in Q3 2017 OOIL, the parent company of OOCL, posted a 5 percent growth in volumes. Orient Overseas International Ltd. (OOIL), parent of Hong Kong-base...
ACI: Global YTD airfreight traffic rises 8.7%, monthly demand up 10% Global air freight traffic reached a three-month peak in August, with a 10.5 percent global increase that brought year-to-date growth to 8....
Germany considers selling Deutsche Bahn's logistics arm Germany's Finance Ministry said in a document that a complete or partial sale of Schenker AG, the logistics arm of state-owned rail operato...
U.S. imposes duties on Chinese aluminum foil imports The Commerce Department on Friday announced that the United States will begin collecting antidumping duties on aluminum foil imports from C...
IMO climate talks conclude with no concrete CO2 reduction goals The International Maritime Organization (IMO) climate talks concludedlast week with the publishing of a strategy draft, but no concrete goa...
US fuel oil prices at highest since June 2015 US fuel oil prices Monday were assessed by S&P Global at their highest levels since June 2015 on a rising crude market along with local supply tightness.
ANALYSIS: Wide Brent/WTI spread likely drawing US crude stocks US crude exports have jumped since late September, rising freight rates could hurt arbitrage, gasoline flows from Europe to US down sharply.
Hamburg bunker operations resume after Storm Hewart Bunker operations at the Port of Hamburg are back to normal after storm Hewart caused delays over the weekend.
Russian St Petersburg MGO discounts to Rotterdam widest in 8 months St Petersburg marine gasoil's discount to Rotterdam hit its widest in over eight months Friday.
Med bunkers exceed two-year highs on HSFO backwardation Bunker fuel prices at a range of ports in the Mediterranean reached their highest points in over two years Friday, supported by tight availability in high sulfur fuel oil in the region.
External: Praxis Energy Agents S.A
Bank of America forecasts 1,500 scrubbers on ships by 2020 The bank forecasts 1,500 ships will have the technology installed by 2020.
External: Wired Bunkering
FUTURES: ICE Brent crude stays at 27-month highs in Asia trade
Iraq ramps up southern crude export capacity to 4.6 million b/d The increased capacity comes after the completion of a new single point mooring facility.
Saudi crown prince reiterates backing for OPEC cut extension "The high demand for oil has absorbed the increase in shale oil production," the crown price said.
- 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
