Euronav buys sister ULCC from International Seaways Euroseas' new purchase is the world's second-largest trading tanker, behind Euronav's 442,470 dwt TI Europe
The dawning of the age of gas? Despite all the hype, the talk about the fuel of the future has substance too, even though shipowners are taking...
Navios Acquisition moves to absorb Navios Midstream Partners Acceptance will be necessary from the Navios Acquisition board and approvals obtained under Navios Midstream's limited partnership agreement
China's coal imports to rise Indonesia will probably be the biggest beneficiary of the increased imports
The Interview: Karin Orsel The MF Shipping chief executive and International Chamber of Shipping vice-chairman is one of the most successful female owners, shipmanagers...
Lloyd's List is looking for talent in Asia and the US Lloyd's List is recruiting for editorial positions in the US, Singapore and Hong Kong
MOL focuses on 'value-added' LNG shipping business Japanese carrier seeks to take advantage of its long-time expertise amid increasing new entrants
The Lloyd's List Podcast: Seafarer Awareness Week Listen to the latest edition of Lloyd's List's new weekly podcast - your weekly briefing on the stories shaping shipping...
Hapag-Lloyd downgrades earnings outlook for 2018 Company warns that cost-cutting measures are not enough to offset growth-impeding factors
Benelux Overseas scours market for product tankers Greek gas carrier owner Benelux Overseas wants to expand its fledgling presence in the product tanker sector, a senior company manager has told TradeWinds. Benelux diversified from its traditional gas carrier business for the first time in more than a decade late last year. Benelux set to sell 33-year-old VLGC for demo The Kostas Angelou-led company did so by buying the 45,900-dwt MR tanker Ori
Hafnia Management raises a glass at Geneva birthday bash Posidonia is fresh in the memory but Danish tanker specialist Hafnia Management still found some energy to mark its eighth birthday. It gathered guests at The President Wilson hotel in Geneva to mark the occasion. Chief executive Anders Engholm said: "Most of the competition have scaled down on customer events and parties, hence it seemed our large customer base in Geneva really appreciated we
Lockton boosts reinsurance team with more Willis recruits Insurance broker Lockton has appointed Jerry Ridge, former managing director at Willis Re, as global head of marine and energy reinsurance. Alistair Rivers finally joins Lockton after waiting a year He is joined by former Willis Re executive director Jennifer Jones. Lockton said it expects to make more appointments to its marine reinsurance division soon. TradeWinds reported last year how Lockt
Glencore reveals $4.5bn of state payments Tax and transparency report shows value of trader to local economies, it says.
Lloyd's of London chief Inga Beale steps down Inga Beale will leave as chief executive 'in due course' not long after the insurance market warned marine syndicates they need to improve performance.
Evergreen, Cosco adding ships to African loop Container lines deploy extra vessel each on East African run.
Cosco seals OOCL takeover a day before deadline Owner wins approval from Chinese anti-trust body for $6.3bn boxship tie-up.
Macleod shares sums and logic of Frontline's scrubber play John Fredriksen's Frontline has opted to invest in a scrubber manufacturer and retrofit up to 36 of its tankers amid the belief it can save up to $6m per year on a VLCC. Frontline announced yesterday it was taking a 20% stake in Feen Marine Scrubbers and installing the technology on 14 tankers, with the option to follow suit on a further 22 ships. Robert Hvide Macleod, chief executive of Frontli
Gayton takes CFO's seat at Teekay LNG Partners Move sees Brody Speers move to a fresh position within the group.
Greek kamsarmax auction set for July Sri Lankan court lines up sale of arrested Trojan bulker.
German container line Hapag-Lloyd issues profit warning Rising bunker bills mean German line less certain of rising earnings this year.
Sources cool talk of Torm tanker buy Rumours of Danish tanker owner Torm adding to its fleet appear to be wide of the mark. Brokers are connecting the Copenhagen and Nasdaq-listed shipowner to the 50,000-dwt Axel (built 2020). A price of $16.5m has been placed on the tanker, which would mark a slight climb in asset values in the sector. However, sources say Torm is not thought be the buyer. Torm has been actively growing and rene
Fearnley Securities sees capes running 'hot' in the second half With rates potentially passing $30,000 per day in peak season, analysts raise asset price assessments.
China opens up yards to foreign ownership Shipbuilding on list of industries where limits on overseas investment have been eased.
Sovcomflot and Novatek form shipping JV Shipowner and energy company agree to develop support for Arctic projects.
Damen leads EU shipbuilding efficiency drive New NAVAIS research project to boost European yard competitiveness.
Samsung Heavy secures mystery newbuildings Samsung Heavy Industries has won a $240m newbuilding order from a European client. Seoul-listed Samsung says simply that the deal is for two special ships for delivery at the start of 2021. According to a regulatory filing, the details are being kept secret at the request of the shipowner.
ESL adds 30 ships with AtoB@C takeover Bulker owner snaps up Swedish operation to widen base of operations.
Euronav unites the world's only two ULCCs Deal confirmed with International Seaways for Laura Lynn.
Impairments push Pacific Radiance to major loss But Singapore offshore vessel operator says market recovery is "in sight and worst is likely behind us".
Navios Maritime Acquisition to buyout Navios VLCC MLP Angeliki Frangou's Navios Maritime group set to merge two US-listed tanker companies.
Military shipbuilder from CSIC tapped to lead CSSC The long-expected merger of China's two major state shipbuilding groups has moved a step closer with the appointment of Yang Jincheng, a top executive of China Shipbuilding Industry Corp (CSIC), as general manager of the southern group of shipyards. Yang's move to China State Shipbuilding Corp (CSSC) follows the removal of his former boss at CSIC, the northern yard group, in a Communist Party pur
Gulftainer-Delaware deal gets OK The plan for United Arab Emirates-based Gulftainer to take over the Port of Wilmington, Del., is moving forward, with the Committee on Foreign Investment in the United States (CFIUS) finding no reason to object to the deal.
OFAC terminates basic Sudan sanctions Treasury's Office of Foreign Assets Control (OFAC) on Friday terminated the United States' Sudan Sanctions Regulations, which had been in place since Nov. 3, 1997.
Vessels around globe sound horns in tribute to Saadé Five CMA CGM vessels were anchored in the Bay of Marseilles in front of La Major Cathedral on Friday as tribute to Jacques R. Saadé, the company's founding president, who died Sunday.
Cross-border trade grows despite no NAFTA deal The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement - Canada and Mexico - climbed another 11.3 percent to $102.7 billion in April compared with the same month a year ago, according to the latest data from the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS).
Greenbrier's earnings, revenues climb The Greenbrier Companies Inc. posted net earnings of $36.2 million for the third quarter of fiscal year 2018, which ended May 31, a 16 percent increase from the corresponding prior year period, according to the railroad transportation equipment manufacturer's latest financial statements. Revenues for the quarter climbed 46 percent year-over-year to $641.4 million. "Greenbrier produced strong ope
Global markets cool as trade wars heat up Stock markets around the world fell this week as tensions over tariffs and trade weighed on Wall Street investors.
Volvo Trucks, FedEx demonstrate truck platooning Volvo Trucks North America on Wednesday announced the successful on-highway demonstration of its truck platooning technology through cooperation with FedEx and the North Carolina Turnpike Authority. The platoon consisted of three truck drivers in Volvo VNL tractors, each pulling double 28-foot trailers on N.C. 540, the Triangle Expressway. Through Volvo's cooperative adaptive cruise control (CACC
COSCO-OOCL deal gets green light COSCO Shipping Holdings said Friday that antitrust authorities in China have agreed to allow its acquisition of the parent company of Orient Overseas Container Line (OOCL) to move forward, which will make the combined companies the world's third largest container carrier.
Customs outlines process for tariff collection on Chinese goods U.S. Customs and Border Protection (CBP) on Thursday issued a notice detailing procedures for collection of tariffs on China pursuant to Section 301 of the Trade Act of 1974.
US abandons plans for refined product reserves: Energy Department official
Port of Gothenburg renews discount scheme for LNG-fueled ships
IBIA issues tank cleaning advisory ahead of IMO July meeting Lists tank cleaning options that shipowners can undertake and approximate time lines associated with each method.
SUBSCRIBER NOTE: Platts to launch Singapore delivered bunker eWindow phase I July 2 The changes follow extensive consultation with the industry to ensure trading activity reflected in Platts assessments continues to reflect typical market trading cycles and standard practices.
External: Marine Bunkering(Rotterdam)B.V.
China's fuel oil imports may feel the pinch from US trade war Tariffs will curtail demand for container cargoes; bunker fuel demand expected to drop.
REFINERY NEWS: PetroChina ships first gasoline cargo to Canada Prior to this, the last arbitrage movement from the Guangxi refinery was a similar cargo to the US in late March.
Singapore Jul ex-wharf 500 CST bunker fuel term inked at MOPS plus $1/mt July term levels have flipped into positive territory, compared with June term levels which were at discounts of between $2-$2.50/mt.
Singapore Jul ex-wharf 380 CST bunker fuel term inked at MOPS plus $5-$6.50/mt Due to supportive cash differentials in the high sulfur fuel oil market.
Bomin Group closes Dubai Office, appoints new managing director The supplier will serve its existing customers in the region through its global network.
FUTURES: Crude lower as US confident of OPEC meeting supply gap "Investors continued to weigh the impact of the OPEC deal against ongoing supply disruptions," ANZ analysts said.
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