Nordic American Offshore and Horizon Maritime Services will merge The combined company has growth ambitions and is positioned for increased activity in the North Sea and offshore Canada
SBM executives sentenced for bribery Both men pleaded guilty to one count of conspiracy in November 2017
Port of Long Beach advances Pier B on-dock rail project Long Beach ups its game with an $875m budget for construction of on-dock rail
Gas sector seeks to overcome LNG-fuelled misconceptions Off the record discussions on the fringes of the biennial bunker bash reveal widespread misgivings, misunderstandings and a general wait-and-see...
Stolt-Nielsen, Golar and Höegh form $182m LNG venture The investments aim to build up an LNG company, which was set up by Stolt-Nielsen, as small vessels and terminals...
Malta summit aims to get shipping industry 'talking together', says organiser Malta hosts major international shipping summit
Nordic Shipholding breaches loan covenants The owner of six product tankers, Copenhagen-listed Nordic recorded $75m of bank loans at the end of June
Lloyd's List reveals finalists for Dubai awards The judges will now start the difficult process of selecting winners
Wärtsilä splits marine and energy businesses Holm and Wirén keep their respective jobs, while Barbone set to leave company, statement confirms
Most refineries to produce HFO after 2020 More than half of refineries will produce heavy fuel oil after the sulphur cap comes into effect in 2020 but...
Shipping escapes the worst of tsunami and typhoon Typhoon Trami hit Japan with wind speeds reaching more than 200 km/h on Sunday
Crude tanker market 'now past the bottom' Jefferies believes the 2020 sulphur cap, low crude inventories, higher Opec production volumes and spiking demand will drive tanker earnings...
Daily Briefing Shipowners unite to back scrubber technology | Maersk opposes sulphur cap review proposal | The Lloyd's List Podcast: Tariffs, box...
SK Group in talks to sell shipping unit Hahn & Co has plans to purchase $1.35bn of new shares to be issued by SK Shipping
India's new LNG import terminal inaugurated Five million tonne a year regasification terminal to begin operations by end of October.
Canada and cash the key for NAO Clarksons Platou says Horizon deal provides liquidity and access to protected market.
Stolt-Nielsen, Golar and Hoegh reveal $182m LNG venture Norwegian heavyweights take shared ownership of Avenir LNG with eye on number one spot in small scale LNG space.
Russian ship held in N Korean probe South Korea detains Sevastopol as it examines alleged trade links to North.
Bibby Line sells out of dry cargo market British shipowner Bibby Line has exited the dry cargo market with the sale of its last supramax bulker. Shipbrokers say the 56,800-dwt Shropshire (built 2009) has been sold to Louis Dreyfus. A price of $9.3m is being placed on the Chinese-built vessel, which has been in the hands of the same owner since new. Bibby Line's Cheshire declared a total loss Bibby Marine orders accommodation vessel
Horizon taking over Nordic American Offshore Merger with Hansson-backed PSV owner will see Canadian group take 52% holding.
Korea launches $360m smart shipyard plan Government wants to equip shipbuilders with AI systems.
DryShips CEO's changing stake at centre of new claims Be it 76% or less than 1%, Economou's shifting holding was all part of a 'scheme', plaintiffs claim
New CEO: no rift at Louis Dreyfus Company Ian McIntosh says sudden resignations of CEO and CFO unrelated to strategy or financial issues.
Seacor Marine inks $130m DNB loan US OSV owner now has cash available for potential acquisitions.
Marinsa LR2 tankers come to market with eyes on the price Brokers expect sale of tanker pair to show a softening of asset values and take Turkish owner out of the sector.
Police manhunt shuts down Danish ferries Zealand links were closed due to kidnapping probe.
Wartsila splits business in two Reorganisation sees formation of differentiated shipping and energy operations.
Tankers continue to dominate third quarter scrapping activity Demolition specialist's data shows twice as many tankers and OBOs went for scrap compared to a year ago.
Trafigura, IEnova to develop Mexican oil product terminal Trader will hold a 49% slice in the project, which will be up and running by 2020.
Heavyweights form scrubber pressure group John Fredriksen, Trafigura, Idan Ofer and others supporting enforcement of IMO 2020 rules.
Henderson: Shell 'will be prepared' for 2020 Energy major's shipping chief warns owners that choices need to be made soon.
Lavinia homes in on Chinese capesize bulker Laskaridis brothers agree to purchase 180,400-dwt New Dalian (built 2010) in deal still on subs
Jefferies sees crude tanker owners swapping pain for gain Analyst Randy Giveans adds four more stocks to basket ahead of expected rate recovery.
Fredriksen wealth reported to be up 15% Shipowner John Fredriksen is worth 15% more in 2018 than a year ago, according to Norwegian magazine Kapital. His fortune has increased to NOK 113bn ($13.8bn) from NOK 98bn, according to Kapital, which does not detail the reason for jump in value. This figure means Fredriksen is worth more than twice as much as the second richest Norwegian. "They have got it wrong," Fredriksen told TradeWinds
Seglem suezmaxes push Hyundai Heavy closer to order target Tankers from Norwegian owner leave world's largest shipbuilding group with $10.4bn in orders in 2018.
Dire rates force Nordic Shipholding into covenant breach Chairman Knut Pontoppidan optimistic as talks continue with lenders to boost liquidity.
Golden Energy stretches PSV charter Norwegian owner adds two months to Energy Scout deal in Nigeria.
Danske Bank appoints interim CEO Danish lender has temporary leader following resignation of Thomas Borgen after Estonian money-laundering scandal.
Ships forced ashore in Indonesian tsunami At least three vessels grounded as scale of tragedy becomes clearer.
Trafigura halts TNG MR charter early Croatian owner compensated after nearly three years as 12-month option lapses.
Samsung reels in another LNG newbuilding order Korean yard adds another gas carrier to its orderbook, but remains mum on owner's identity.
SK Group looks to offload SK Shipping Further shake out in Korean shipping industry as private equity firm looks to build presence.
Blue Ocean Maritime refinances Pyxis products tanker Hedge fund-backed finance house completes maiden deal with Valentios Valentis MR vehicle.
Crude settles at four-year high as market weighs Iran supply concerns Crude futures settled Monday at their highest levels since late-2014 as the market continued to price in the impact of pending US sanctions on Iran.
US energy executives expect $69/b WTI, but uncertainties abound: Dallas Fed US energy executives expect WTI to close 2018 at nearly $69/b as oil production continues to grow, but at a slower pace than earlier this year, the Federal Reserve Bank of Dallas said in its quarterly survey of oil and gas firms.
Mexican oil industry cautiously optimistic of future energy policy Oil and gas executives attending last week's Mexican Petroleum Congress were cautiously optimistic about the future of the country's energy reform
Saudi Arabia prepares cautious 2019 budget, wary of oil market instability OPEC kingpin Saudi Arabia plans another boost in government spending in 2019 to spur its economy, but is proceeding cautiously with an eye on potential oil market headwinds in the year ahead.
North American trade deal keeps some investor protections seen as key to oil, gas sector A new North American trade deal reached late Sunday will not likely impede energy flows and appears to preserve investor protections seen as critical to US oil and gas investment in Mexico's liberalized upstream sector.
REFINERY NEWS: ISAB to start 53-day maintenance Oct 15: union source
Shipping company Scorpio Group to install scrubbers for IMO compliance Shipping company Scorpio Group plans to fit scrubber equipment to a majority of its vessels by July 2020 to allow them to continue burning fuel oil after global sulfur emission limits are cut.
External: Praxis Energy Agents DMCC
NWE fuel oil volumes in Platts MOC steady on month as availability tightens Volumes of RMG 380 CST fuel oil traded during the Platts Market on Close assessment process in Europe were down marginally on the month to 520,000 mt for September, with traders noting a tight October outlook.
External: Marine Bunkering(Rotterdam)B.V.
Singapore Q4 ex-wharf 380 CST bunker term inked at MOPS plus $7.50-$9/mt Singapore ex-wharf 380 CST bunker fuel term contracts have been concluded at premiums of around $7.50-$9/mt to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments for the fourth quarter
FUTURES: Crude futures remained higher on supply concerns
Japanese ports resume operations after typhoon, loading delays continue Ports in Japan re-opened Monday after operations were suspended Sunday as Typhoon Trami made landfall, bringing strong winds and heavy rains.
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