Songa Bulk shifts into profit Given the market recovery in the dry bulk sector, the Norway-based company has switched its chartering strategy, increasingly exposing itself...
Team Tankers to buy two Laurin-linked MR units Move highlights consolidation in the chemical tanker sector
German ship finance: They think it's all over The HSH Nordbank deal is a reminder how German shipowners had finance too easy, too cheap, for too long. The...
Genco plans to follow other dry bulk operators to Copenhagen US-based dry bulk owner and operator plans to redraw credit facilities
Golar LNG posts first quarterly profit since 2014 Tor Olav Trøim-chaired company's expansion across the LNG supply chain starts to bear fruit
K+N reports major gains in 2017 But rates pressures lead to drop in full-year ocean freight earnings
HSH Nordbank sold by state owners to buyout groups for $1.2bn Under the terms of the deal, Cerberus will hold a 40.3%, stake while JC Flowers, which already owns 5.1%, will...
Harbour master Masoud rules out flow meters for Fujairah Lloyd's List Lifetime Achievement award winner expects future growth from more vessels calls amid increasing capacity despite the 'Qatar situation'
Confirmation of HSH Nordbank sell-off expected imminently Deadline for Brussels-ordered privatisation reached
Cosco Shipping to acquire PetroChina tanker unit Chinese owner aims to expand market share backed by the oil giant's cargo sources
BW LPG posts 'disappointing' results Spot exposure of the world's largest LPG tanker owner is higher this year amid lacklustre market mood
Hapag-Lloyd reports revenue boost from UASC merger Pre-tax earnings rise more that threefold as volumes increase
Fredriksen maintains Frontline's war chest for expansion Update: Frontline considers installation of scrubbers on some young vessels
Affinity's Mark Williams resigns Partner and head of research quits for personal reasons, sources say
Pacific Basin backs stricter environmental regulation Scrubber is not an effective solution, says chief executive Mats Berglund
Transpacific braces for flood of capacity New and upgraded services set to push down spot rates and dampen contract negotiations
MOL aims for efficiency and further growth with April restructuring Japanese shipping giant to introduce chief technical officer and chief financial officer
South Korea-Japan rivalry continues in unmanned vessel development Japan has launched several subsidy programmes, while South Korea partners Denmark in a maritime digitalisation initiative
DSME wins order to build three VLCC Order said to have come from Apollo Global Management
Höegh LNG continues pursuit of long-term charter deals Company close to finalising several tenders, says chief executive Sveinung Støhle
Putting safety back at the top of the agenda Digitalisation, the environment, and unmanned shipping have swept safety aside. Or have they?
Jinhui stays watchful in spite of encouraging dry bulk outlook Company to scrutinise cargo flows as it deploys ships efficiently to maximise revenue
Japan shipbuilding association denounces Korea's relaxation on refund guarantee SAJ says the move will prevent the removal of redundant capacity
Australian authorities release vessel after removal of senior officers Vessel had been detained on concerns over crew welfare
Star Bulk on the prowl for attractive acquisitions Optimistic outlook for the remainder of 2018 supported by return to profitability
Ocean Yield adds five handysize vessels to its expanding fleet The timing for making new investments in shipping is excellent, says chief executive Lars Solbakken
Seaspan back in the black for 2017 as box shipping industry picks up But revenue for the year comes in 5.3% lower year on year at $831.3m because of lower average charter rates...
Genco plots fleet renewal plan Dry bulk operator looking to offload 15 older vessels
UK Labour party to focus on increasing seafarer numbers Next generation of seafarers, harbourmasters and pilots should include more women and minorities, say UK Shadow Secretary of State for...
Detained phosphates cargo from Western Sahara to be auctioned South African High Court rules in favour of independent Western Sahara movement as rightful owners of disputed cargo
DryShips sees revenues multiply from larger, diversified fleet Greek owner cuts down adjusted loss for fourth quarter
Bahri's earnings fall in soft spot market Saudi Arabian diversified shipowner sees higher bunker prices as it pulls in less revenue.
Exxon sees shipping as 'vital' to energy future Oil major says future energy needs require shipping, but more low-carbon energy poses challenge.
Golar returns to profit amid share price gain LNG vessel owner's share value increased by $7.20 from 12 months ago while revenue jumped 78%.
Cargill sees scrubbers as IMO 2020 option Major charterer says dry bulk will be challenged when low-sulphur rules comes into force.
Ocean Yield reloading after spending spree Oslo-listed leasing specialist launches private placement to fund more deals.
Star Bulk posts profit as market rebounds Petros Pappas-led company's revenue jumped 70% primarily due to higher charter rates and average number of ships.
Seacor returns to profit on higher top line New York-listed company's ocean transportation and logistics segment saw best improvement in part due to commissioning a new petroleum and chemical carrier.
OSM in Mozambique training move Norwegian manager makes commitment to quality education.
Frontline chief says 40 VLCCs may be scrapped in 2018 Robert Hvide Macleod's demolition "guess" comes as tanker owner scouts M&A openings.
Grayling promises UK shipping revolution Transport secretary says Britain will be at forefront of technological changes.
New HSH owners spinning off $7.3bn of bad loans Private equity funds forming new vehicle to strip legacy shipping portfolio from core bank as CEO Stefan Ermisch hails "new era" for lender.
Fjord1 earnings dip despite revenue rise Per Saevik-backed owner hurt by lack of impairment reversal in fourth quarter.
Skaugen seeks refinancing after losing Teekay ships New plan being worked on to replace previous debt restructuring after charters chopped.
Team Tankers in $206m double deal with Laurin Promised consolidation move comes to life with Laurin Shipping and Anglo-Atlantic purchases.
Hoegh seeks interim job for FSRU newbuilding Regas specialist is sticking with delayed projects in Chile and Ghana for its newbuildings
Hapag-Lloyd books strong full-year figures German container line sees stronger market and UASC takeover boost performance.
Germany sells off HSH for $1.2bn in landmark deal Cerberus and JC Flowers taking over German shipping lender, with GoldenTree, British Centaurus and BAWAG also involved.
Lack of impairments boosts Seaspan Containership owner sees profit leap, with "big opportunities" ahead.
Sea World master 'acted unilaterally' in dumping oil Greek bulker manager says guilty captain will leave company after jail term.
Pacific Basin Shipping banks first profit since 2013 Early innings recovery in dry bulk pushes Hong Kong-listed shipowner back into the black.
Tallink ups fourth quarter earnings Estonian ro-pax group boosted by higher passenger and freight figures.
BW LPG says VLGC order flurry not 'frightening' Chief executive says there is still an overhang and investors should look to shares not ships.
Eidesvik slashes loss as impairments fall Norwegian owner sees PSV tendering activity increasing so far in 2018.
Glovis Spring refloated off China after grounding Glovis controlled car carrier waiting off Chinese coast to sail to repair yard
HMM to order mega-ships in first half Korean owner wants bigger vessels for US and European runs.
Sohmen-Pao and Ackermann see LPG market momentum Comments come as the VLGC market leader rings in weaker than expected fourth quarter loss.
Fredriksen boosts Frontline firepower with loan extension Credit line now runs for an extra 12 months as tanker owner goes shopping at the bottom of the market.
SolstadFarstad scoops deals for three PSVs Owner ties up vessels off UK with Spirit Energy and another charterer.
MOL reveals new restructuring plan Japanese giant to split tanker operations and appoint first CFO.
Hoegh LNG profit soars in fourth quarter But Norwegian owner decides to cut dividends to preserve investment capacity after project delays.
DSME seals triple VLCC newbuilding order South Korean shipbuilder wins its first contract for large crude tanker tonnage for 2018.
Jinhui maintains profitability in fourth quarter Shipowner says market has benefited from the improved balance between supply and demand.
Pacific Radiance suspends trading in shares Company says voluntary move is designed to protect interests of each stakeholder group.
Two ships attacked off Nigeria on same day Reefer and containership are the latest vessels to be targeted by pirates in Gulf of Guinea.
MOL unveils restructuring plans Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) revealed Wednesday it will be restructuring operations effective April 1. The Oc...
Hapag-Lloyd's 2017 growth fueled by UASC deal Hapag-Lloyd said Wednesday that it handled more containers, had higher revenues and a significantly improved operating result for the full ...
Executive Moves: NC Ports, Dayton Freight and University of Denver North Carolina Ports (NC Ports) has hired Benjamin M. Massa as its new director of carrier and trade development. Massa joins NC Ports fr...
Commerce downgrades U.S. Q4 2017 GDP growth estimate United States gross domestic product (GDP) - the broadest measure of a nation's overall economic health - grew at an annual rate of 2.5 per...
NAFTA trade growth hits 14th straight month in December The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA), which ...
HMM makes splash return to Asia-Europe trade South Korean ocean carrier Hyundai Merchant Marine (HMM) has confirmed it will return to the Asia-Europe trade lane as a vessel operator st...
NAFTA's impact on U.S. meat industry In the aggregate, agricultural supply chains are more sensitive than others to the impacts of trade policy changes. Agriculture industry r...
Kuehne + Nagel posts strong growth in 2017 Kuehne + Nagel's latest financial statements released Wednesday revealed the global third-party logistics provider came out strong in 2017....
Commerce dents Chinese foil with duties The U.S. Commerce Department will begin assessing antidumping and countervailing duties on imports of Chinese-made aluminum foil. Dumping ...
Novorossiisk suspends bunkering operations on rough weather: sources Bunkering operations at the Russian Black Sea port of Novorossiisk have been halted due to strong winds and rough seas.
Gibraltar port authority suspends bunkering on bad weather Operations at the Mediterranean bunkering hub of Gibraltar have been suspended due to rough weather.
US DATA: EIA says US fuel oil stocks show build across all regions US fuel oil inventories for the week ended Friday rose from last week, and showed builds across all regions.
FEATURE: Shipping industry doubts emission scrubber boost pre-2020 "There is a great deal of uncertainty even in our organization about how to prepare for this," Vitol's Chris Bake said.
Japan reports suspected STS transfer of goods to N Korea-flagged ship in East China Sea The report by the Ministry of Foreign Affairs is the fourth suspected transfer to a North Korean ship in recent weeks.
FUTURES: Crude futures continue to trade lower in Asian morning A stronger dollar and comments from the head of the International Energy Agency, added to the bearish sentiment.
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