Navios Containers buys boxship as it aims for Nasdaq listing The deal was announced as the company posted a second-quarter net income of $4.5m
Hafnia expects $19m benefit from sale and leaseback deal The lease agreement enables Hafnia to maintain a low-cash break even
Navios Partners acquires two bulker drop-downs Angeliki Frangou prioritises deleveraging and 'careful' bulker buys as partnership's results beat expectations
SC Lowy acquires non-performing loans from Monte dei Paschi SC Lowy says the portfolio of defaulted shipping debt comprises dry bulk shipping, crude oil carriers, an offshore support vessel...
OOCL to remain an independent brand, says Cosco Both carriers to continue to honour all their current commitments and contracts, while OOCL would 'not consider replacing shipping agencies...
Box terminal usage set to 'rise markedly' Drewry expects world container port throughput to grow by almost 240m teu during the next five years
New rules will keep a check on shipping supply growth The new regulations will penalise poor performers and older ships, while benefiting stronger companies with high-quality ships, says Pacific Basin...
Operation starts off Sweden to tow grounded K Line car carrier The Swedish Coast Guard warned that the hull ran the risk of being further damaged and that more oil could...
Shipping should review contracts before trade sanctions and Brexit bite Sebastiaan Moolenaar and Reinier Cobussen of Dutch law firm AKD say it is key for companies to be able to manage...
Daily Briefing ONE first-quarter losses impacts founding partners | Brightoil to dispose of marine transport business | Clarksons reveals extent of 2017...
Agritrade Resources sells VLCC for $22.5m The buyer is Singapore-based Da Shun Shipping, with delivery scheduled by August 7
DSIC leads bids for offshore windpower newbuild CSIC (Tianjin) Offshore Windpower Engineering was set up in June 2017 to seek opportunities in this fast-growing industry
DryShips axes dividend but cranks up share repurchases Diversified shipping company posts second-quarter profit versus loss in 2017
Zafirakis on the up in Diana reshuffle Greek bulker owner also expands its board and executive team.
Small US shipyards receive $20m in federal grants The Small Shipyard Grant Program helps US shipyards modernize operations and improve efficiency.
Petro-piracy spikes in the Gulf of Guinea Nigerian pirates have kidnapped 35 seamen in 2018 so far.
Pacific Drilling board backs $1.5bn creditor revamp Deal would wipe out Idan Ofer equity interests, but his Quantum Pacific may yet get chance to present rival proposal to restructure driller.
PIL scraps boxship hit by fire in Singapore A fire damaged Pacific International Lines containership has been sent for demolition, brokers say. The 608-teu Salam Mesra (built 2007) was hit by fire earlier this month while anchored off Singapore's Marina Barrage. Reports say it took fire crews five hours to extinguish the flames.
Conti LR2 tanker still up for grabs The 105,300-dwt product tanker Sigma Integrity (built 2009) is circulating for sale but has not found any buyers yet, TradeWinds has learned. Latsis sets up new Marla Tankers management Hadjiyiannis resumes tanker shopping spree This is contrary to reports earlier this week that the vessel has already changed hands. Brokers have been reporting that the vessel was sold for $21.5m, with some me
Ardmore boss Gurnee sees buying window Owners able to service debt should consider MR purchases given "positive outlook" for product tankers
Navios Partners continues earnings progress Angeliki Frangou continues preparations for boxships spinoff and return to dry-bulk pure play as market recovery helps bottom line.
Sovcomflot LNG carrier clocks record NSR time Russian owner says voyage confirms economic efficiency of Arctic route
Danske Bank downgrades Ocean Yield amid FPSO risk Oslo-listed owner cut from hold to sell following charterer's move to close field.
Italian bank BMPS offloads bad shipping loans in record deal SC Lowy leads "largest-ever Italian shipping debt transaction" involving world's oldest bank.
Kalleklev takes Flex LNG reins with profit and growth in sight New head of commercial Marius Foss starts today.
First Ship Lease pair dropped into Heidmar pool Tanker brace added to Sigma Pool following end to bareboat deals with Torm.
Pacific Basin Shipping looks to work its 'magic' in S&P market Mats Berglund has a specific eye on second-hand supramax bulkers in next stage of growth.
Italy and France 'committed' to yard alliance Meeting of minds as consolidation of European shipbuilding takes major step forward
Rio Tinto sees big jump in iron ore shipments Capesize rates upturn aided by growth in Pilbara mines output
Overseas Shipholding Group inks order at Gunderson Barge contract is the company's second newbuilding move this month.
Navios Maritime Containers continues growth efforts Angeliki Frangou fronted company snaps up vessel number 26 with IPO in sight.
DryShips posts second consecutive profitable quarter George Economou-backed shipowner benefits from improved market conditions.
AMPTC seeks buyer for 15-year-old aframax Asset disposal would leave shipowner with no owned crude carriers in its fleet.
Matson sees better second-quarter results US boxship owner collects more revenue from both its ocean transportation and logistics businesses.
National Cargo Bureau will inspect inbound containers The National Cargo Bureau has offered to help carriers inspect containers carrying imports to the United States to determine the extent of improperly declared or stowed cargo.
Optoro picks up $75 million in funding Optoro Inc., a Washington, D.C.-based provider of returns optimization software, has raised $75 million in new funding from equity investors, the company said in a statement.
UPS revs up electric truck testing UPS Inc. is partnering with Thor Trucks, Inc. to test the latter's fully electric class 6 delivery truck.
Container damage liability app launches PEIR, a mobile application designed to allow users to prove a lack of involvement related to damaged shipping containers and trailers, launched Wednesday.
Trump administration could hike tariff levels to 25 percent The Trump administration could raise the level of Section 301 tariffs threatened across $200 billion worth of Chinese imports from 10 percent to 25 percent, a source with knowledge of executive branch considerations told American Shipper Wednesday.
Surface Transportation Board pick gets panel OK The Senate Commerce Committee on Wednesday approved by voice vote the nomination of Martin Oberman to be a member of the U.S. Surface Transportation Board.
Tax cuts, volume growth boost C.H. Robinson C.H. Robinson saw its net income climb 43.3 percent year-over-year to $159.2 million in the second quarter of 2018, boosted by a lower effective tax rate in the United States and broad-based volume growth, according to the company's most recent financial statements.
DSV's second-quarter profits up 60 percent DSV's profits and net revenues for the second quarter of 2018 increased year-over-year with all three of the company's segments - air and sea, road and solutions - experiencing growth.
U.S. dumping duties readied for Chinese ribbon The Commerce Department is prepared to roll out dumping duties on certain decorative plastic ribbon from China.
Sonatrach set to launch London trading arm for IMO 2020: sources Company could be a player in the blending market to produce 0.5% sulfur bunker fuel.
SHIPPING: Capesize routes surged to multi-year highs due to Atlantic push Tonnage demand emanating from South Africa also, to an extent, added to the market's momentum.
TRADER NOTE: Managing Director Olivier Denappe leaves DME -- sources Denappe was managing director at DME since May 2017.
Danish bunker broker changes name to Liberty Marine Fuels ApS Hires Rune Pejtersen as managing partner and bunker broker.
Singapore Aug ex-wharf 380 CST bunker fuel term inked at MOPS plus $8-$10.50/mt Singapore is expected to receive only about 3 million mt of arbitrage cargoes from Europe and the US in August.
SUBSCRIBER NOTE: Platts launches Panamax North Pacific dry bulk TCE assessment The TCE assessments reflect the $/day pricing derived from the respective voyage rates published on a $/mt basis in Dry Freight Wire.
TRADER NOTE: Mustafa Salim, Ed Hamilton leave Trafigura North Sea desk Officially, Trafigura declined to comment.
TANKERS: Ardmore to raise $10.3 million through sale/leaseback to manage liquidity Has obligation to buy the Ardmore Endurance and Ardmore Enterprise at the end of the seven-year facility.
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