Golar venture backs away from Fortuna FLNG project Golar potentially looking for other backers as Schlumberger pulls out of OneLNG
Lloyds List owner Informa gets green light for UBM merger UK competition authority approval paves way for Lloyd's List parent company to strengthen publishing and events portfolios, as Seatrade Maritime's...
US slaps steel and aluminium tariffs on the EU, Canada and Mexico The US administration on May 1 delayed the decision after initially hitting countries including Japan and China with the tariffs
Alibaba to invest $16bn in smart logistics Cainiao, Alibaba's five-year-old logistics arm, aims to act as the 'brain' of the global logistics industry
TT Club boosts bottom line despite hurricane impact Attritional claims range-bound thanks to balanced book
AET secures $578m credit facility for capex spending BNP Paribas, DBS Bank and four others provided a credit facility that is expected to fund part of MISC's future...
Tide has turned between Chinese lessors and Greek shipowners, says lawyer Some leasing companies are travelling to Greece on a weekly basis and have even established teams dedicated to Greek owners
Yangzijiang shares rise 4.3% after stock buyback Company says it is ready to purchase more of its shares on weak prices
Maersk Honam containers released to customers Containership casualty will go for repair following further evaluation
Fairfax ups its ante on Seaspan to $1bn Seaspan will seek diversify over time into the broader infrastructure sector, according to chairman David Sokol
Ship Finance International takes four neo-panamaxes Update: New York-listed lessor eyes more boxship tonnage with first-quarter earnings plagued by weak tanker income
Frontline shares soar as first-quarter results beat expectations Update: Frontline Management chief executive Robert Macleod sees positive signs from crude inventory cycle, scrapping and potential relaxation of Opec cut
Strike at India's major ports deferred until June 20 Shipping ministry to hold talks with the labour unions on June 18 to revise wage structures
Höegh LNG loses Ghana FSRU contract Update: Egyptian Natural Gas in talks with Höegh Partners for early termination of a five-year charter for Höegh Gallant
Forced to choose the Marshall Islands over Greece Poseidon Shipping's Spyros Eleftheros identified a shortage of crew from Greece as the main culprit of the Greek flag losing...
Greek seafaring at a crossroads A revitalised interest in a career at sea collides with increased financial obligations for Greek seafarers
Ports America shakes up management Michael Hassing leaves the company as new chairman and chief executive appointed
Mood improves as Greek shipping seeks new direction As Greek shipping goes from strength to strength, home country may have to do more to diversify and develop into a full-blown maritime cluster, writes Harry Papachristou
Size matters for Greeks looking to obtain financing Lending to shipowners in Greece has become a three-class society, says ship finance expert Angelos Roupas-Pantaleoneon
World Tankers ties up MR duo
Greek shipping should stop paying lip service to the past Despite its progress and successes, there is still something oddly backwards-looking in the way Greek shipping views itself and the way in which it sells its vision
Swiss tonnage tax 'still live issue' Ex-Geneva mayor pledges to press for new maritime tax regime to make landlocked country more attractive
Penfield taps Hong Kong for aframax pool partners Connecticut-based commercial manager also looks to Heidmar veteran Gronseth to help expand operations
Biggest ports in Greece come to life as giants pour in millions of euros Shiprepair and container volumes on the rise since privatisation of Piraeus and Thessaloniki
Lunde launches digital shop for ship financing Banking veteran Dagfinn Lunde and Greek co-founder Marina Tzoutzouraki set out to revolutionise S&P financing
Pappas to make most of upturn in dry bulk After reclaiming top spot amid Wall Street bulker companies, Star Bulk Carriers CEO is bullish about sector's future
Greek banks edge back into shipping
Economou on the art of perseverance Major Greek shipowner discusses how he weathered the latest market upheavals, his future plans and reveals he could live on just €1,000 a month, if he had to
Marine fuels industry braces for 2020 sulphur cap shock 'Mom-and-pop' outfits among those who face jolt to the competitive landscape due to heavy capital requirements of upcoming emissions rules
Lines split amid surcharge furore European lines lambasted for emergency fuel surcharges amid signs that Asian peers have broken rank
China Navigation confirms boxship quartet order
PIL quits Nigeria line revival
Pateras doubles down on boxships Greek shipowner aims to become one of the world's biggest feedership operators
MarineTraffic pieces the shipping world together Internet start-up shows that shipping in Greece isn't just about owning vessels
Sentiment climbs for spot LNG carriers in second half Shipowners are settling in for an expected upturn in charter rates for the latter part of 2018
Wisdom Marine charters out debut LPG newbuild
Sohmen-Pao sets sights on Dorian BW LPG launches $1.1bn bid to consolidate VLGC market
Flex LNG CEO set to return to US
Skar's exit sees Golar lose two executives in a month Chief technical officer quits hot on the heels of senior vice president
GasLog yet to select LNG ship for FSRU job
Gas Natural eyes existing LNG ships over newbuilds Maritime transport director Jorge Zickermann talks vessel chartering, floating regas and LNG bunkering
First end users line up Gas Natural's for small-scale system
Cheniere raids market for LNG carrier period haul US producer takes raft of ships out of the market on 12 to 18-month deals but owners are unable to discuss them
Panagopulos pushes fast-forward on LNG bunker future Perhaps the most advanced plan to catapult shipping into the age of low carbon emissions has Greek masterminds
Eager investors wait in the wings as offshore's pulse picks up
Nes senses tougher PSV hunting in an improving offshore market Martin Nes wants extra PSVs but says a better market is giving owners more confidence on vessel values
Shipowners can cover drug losses despite court ruling, lawyers say
Review proposes shake-up of Canadian pilotage Ex-Canadian Coast Guard commissioner Marc Gregoire tackles complaints over cost, monopoly and transparency with his reform proposals for the Pilotage Act
Missing electrician believed to have committed suicide
China goes on hunt for illegal sea sand miners Three Chinese provinces have joined their law-enforcement fleets in a crackdown on illegal offshore sea sand mining - but shipowners in the trade appear unruffled
Shipping must succeed in drive to meet new sulphur regulations IMO cap set for 2020 is the first big test for shipping to show it can clean up its act
Rudd returns with Vortex Shipbroking Experienced tanker broker opts to go it alone with new UK outfit
Guggenheim-backed owner doubles VLCC tally at DSME Low-profile player Maritime Partners said to up order for duo to be used by Hartree
Daitoh to renew chem-tanker fleet
Ship Finance International to keep 15-year-old VLCCs Boss Ole Hjertaker says tankers locked in with Frontline are 'not fully' old
Smart Tankers looks to more growth in VLCCs Small and plucky Greek owner keeps finger on the pulse of the market through spot business
Siem's newest car carrier slides into business
Carnival arms push ageing cruiseships to Germany Midsize vessels prove popular at both ends of quality spectrum
Kouros denies claims supramax is for sale
Offen poised to exit capesizes
Emarat sells supramax as prices hold ground
Top Ships growth continues with new ATM in place Tanker owner eyes possible share sales as latest newbuilding arrives.
Top Ships eyes $14.3m ATM offering as growth continues Tanker owner eyes possible share sales as latest newbuilding arrives.
Ifchor expands with Seattle office Broker's US presence bolstered by Anthony Larson-led offshoot.
Golar LNG says Schlumberger out of OneLNG LNG shipping rates provide some tailwind but a major FLNG project faces delays.
Hoegh calls time on Ghana FSRU job As Egypt asks for redelivery on company's regas unit and wait continues on Chilean project.
Fairfax pumps another $500m into Seaspan Fund takes total investment in boxship owner to $1bn to boost acquisition firepower.
Ship Finance snaps up boxship quartet John Fredriksen company adds 14,000-teu ships backed by Asian charters.
Portland Maritime team joins Ocean Shipbrokers London Bridge-based brokerage grows again with five additions.
Phenolic compounds blamed for Houston bunker woes VPS identifies cause of fuel problem that led to more than 80 ships experiencing mechanical issues.
D'Amico building new digital fleet HQ Rome base to boost Italian group's data collection and efficiency.
Olympic Subsea sees hope for OSVs Norwegian owner says activity increasing in subsea and renewables markets.
Petrobras keeps SolstadFarstad OSVs Brazilian major renews deals for anchor-handlers and a CSV.
MPCC turns a profit in first quarter Expanding boxship owner says it is still in start-up phase as it aims for 100-strong fleet.
KOTC sells VLCC as tankers dominate recycling market Kuwait Petroleum subsidiary offloads second oldest tanker in 'as is' sale.
Frontline turns red as rates decline John Fredriksen tanker company's markets hit by high fleet growth in first quarter, CEO says.
Wuhan XG moves into boxships with new order Chinese owner inks feedership deal at Ezhou Guangda yard.
Hoegh LNG drives up earnings Norwegian owner's revenue increases, with more to come from Hoegh Esperanza.
IM Skaugen files for Singapore restructuring Oslo-listed gas carrier company takes shelter from creditors to reorganise business in "trying times."
Mitsubishi targets scrubber supply market Japanese shipbuilder teams up with sister company to meet demand for sulphur cleaning system.
Essar sells its last capesize bulker for demolition Deal comes amid rising prices for dry bulk tonnage in Pakistan.
ABN AMRO bolsters Singapore ship finance team Dutch bank relocates colleague from Oslo and recruits former NORD/LB banker to Asia team.
House diving into water bill next week Congress will consider the Water Resources Development Act of 2018 next week. The Committee on Transportation and Infrastructure Chairman ...
Port Manatee, Argentina trade relationship growing Port Manatee and Argentine are working together to strengthen their trade relationship. The port said Argentina is its No. 1 source of imp...
NAFTA trade growth steady but slowing The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA) - Canad...
MPC Container Ships records profit, doubles revenues MPC Container Ships ASA, together with its subsidiaries, recorded a net profit of $500,000 for the first quarter of 2018, up from a net los...
IATA: Air cargo growth rebounds in April Growth in global air freight volumes rebounded in April after slowing considerably the previous month. Cargo demand jumped 4.1 percent for...
Metal duties to hit NAFTA partners, EU U.S. duties of 25 percent for steel and 10 percent for aluminum imported from EU member countries, Canada and Mexico will take effect Frida...
Rich subsidiary ROAR acquires Integra Logistics Buffalo, N.Y.-based ROAR Logistics announced it has acquired Integra Logistics Services , based in Houston. "With this acquisition, ROAR f...
Executive Moves: CSX and Loadsmart CSX Corporation announced Wednesday that James Schwichtenberg has joined the company as vice president and chief safety officer. Schwichte...
CP conductors, engineers back at work Canadian Pacific said it reached a tentative four-year agreement with CP conductors and locomotive engineers and a five-year agreement with...
ICE Brent/WTI spread sharply wider as US production grows US refinery utilization was its highest since January.
Mexico to impose tariffs to US products; follows US move on Section 232 protection The tariffs are a response to US tariffs from Mexico.
Canada to buy Kinder Morgan's Trans Mountain pipeline for C$4.5 billion Purchase ensures pipeline work during summer.
Turkey's Tupras switches from fuel oil to bitumen production: traders
Piraeus bunker fuel discount to Istanbul shrinks on bullish Greek factors
External: Praxis Energy Agents DMCC
Japan's Mitsubishi Shipbuilding, MHPS launch new scrubber ahead of IMO rule The launch comes as srubbers are gaining more traction to meet IMO's upcoming 2020 rule.
TRADER NOTE: Brightoil Petroleum Singapore makes Stephen Qi Jun acting CEO Jun's appointment comes after Wang Wei ceased to be CEO effective May 21.
TRADER NOTE: Marine fuels trader KPI Bridge Oil hires four bunker traders Meanwhile, the company's Istanbul-based bunker trader, Cihan Birdogdu, has relocated to New York.
Fujairah bunker sales seen to have fallen more than 20% in H1 on Qatar diplomatic impasse Any upswing in oil prices could bode well for Fujairah's storage industry, as could better macroeconomics.
ANALYSIS: Saudi, ADNOC OSPs expected to rise on firm market structure, stronger demand Sources said the volumes were partly to make up for the lost Saudi crude from its allocation cuts.
TANKERS: Key Persian Gulf-China VLCC route breaches w50 for first time in 4 months The VLCC market got an upward boost due to the firm bunker prices which had stayed over $400/mt for the past 5 weeks.
Singapore Jun ex-wharf 500 CST bunker fuel term inked at MOPS minus $2-$2.50/mt The levels were stable compared with May term discounts of minus $2.50/mt.
Singapore Jun ex-wharf 380 CST bunker fuel term inked at MOPS plus $3-$4/mt The levels were rangebound from May term premiums of plus $2-$6/mt.
DRY BULK: US-China trade dispute, truck strikes, coal rules halt Panamax action "The market is not looking its best at the moment," a shipowner said, adding "even the Pacific market is coming off, derivatives included -- recovery is yet to be seen."
FUTURES: Crude falls in mid morning trade on API inventory data "Further downside risk into today [Thursday] could persist given expectations for US oil inventories to rise into the week ended May 25," OCBC's Gan said.
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