Bunker supplier Aegean adds to board to end shareholder litigation Aegean says consulting agreement with founder Dimitris Melisanidis "has been terminated by the mutual consent of both parties"
Is the Baltic set for another go at container FFAs? Risk of index overload as the Baltic Exchange teams up with Freightos to launch another container freight index
Ardmore losses widen in first quarter Product carrier specialist seeks to improve its financial flexibility while waiting for a market recovery
Trade war risks fragile container shipping recovery Transpacific trade equivalent to nearly 5m teu could be subjected to higher tariffs each year if a trade war ensues
MISC plans to spend up to $4bn in capex over next five years Company emphasises that investment will focus on growing long-term recurring income base
Norden eyes bulker sales and further tanker buys after strong first quarter Update: For the time being, trade war is creating uncertainty but should the situation escalate, it could have a negative...
Maersk sets out new reporting structure Restates last year's results ahead of new reporting structure for first quarter
Qingdao tightens maritime security ahead of June summit Chinese maritime authorities will inspect foreign vessels from May 20 to mid-June
Matson beats first-quarter estimates and raises outlook for 2018 Solid quarter despite headwinds in Guam
Vard Holdings delisting vote faces scrutiny Investors' body has also received feedback from minority shareholders that they are disappointed with Fincantieri's buyout offer for Vard
Corpus Christie sees tanker terminal growth as US exports boom Maverick Terminals loads first diesel barges while Buckeye unveils plans to build VLCC docks
H-Energy opens India's first FSRU-based LNG terminal The new LNG terminal has a capacity of 4m tonnes per annum
Scorpio Tankers taps European lenders for $200m new loans The $195.9m loan will create $53.9m of new liquidity after the product tanker owner repays $142m of current secured debt
Ships placed on high alert over crew abduction plot Suspects might use a blue three-engine speedboat to carry out a possible attack, and are expected to arrive off the...
Costamare posts solid first-quarter profit Costamare posts profitable results for the first financial quarter of 2018 and has been busy locking in vessels as charter...
Norwegian investing in scrubbers for IMO 2020 Miami-based cruise company will have exhaust gas scrubber technology on two-thirds of fleet to meet pending low-sulphur regulations.
Seaways seeks lender okay on Gener8 deal Diversified tanker owner looks to amend its term loan facility to bring in six second-hand VLCCs.
dship Carriers buys two vessels The Houston-based multipurpose specialist acquires F-type ships through partnership with German shipowner HS Bereederungs.
Dissidents win seats at Aegean Marine board Largest independent bunker supplier also puts further distance to founder at heart of soured deal.
Siem admits defeat in McDermott race Subsea 7 looks elsewhere for growth after takeover target pens a deal of its own.
Ardmore cuts pool use as 'inflection' nears Clean tanker owner sees forces lining up for second-half recovery as more ships move to in-house team.
Stellar wave season spurs Norwegian Cruise Line Miami-based cruise major eyes 2018 with positivity, based on strong bookings.
DNV GL brings in Bendrik as digital chief Class society continues data drive with appointment of ex-Volvo man.
Beijing faces fightback after blocking ship demolition Shipbreakers begin lobbying effort after waste crackdown closes demolition market at end of 2018.
Milaha launches first Iraq run Qatar owner starts feeder service to Umm Qasr.
Ardmore's first quarter loss hits mark Product tanker owner strikes sales-leaseback deal to boost liquidity as market turnaround remains in offing.
Thoresen Thai confirms supramax buy Thai owner pays $14m for Japanese bulker.
Dry recovery may involve two steps forward and one back Norden chief Jan Rindbo keeps an eye on trade wars as dry market reaches greater balance.
Dof, Oceanteam reveal OSV deals Norwegian and Dutch owners announce more work for support ships.
ITIC reduces capsize claim against architect Insurer cuts payout to yard by $1.75m after survey ship sank during trial.
Paris MoU bans two Lebanese cargoships Livestock carrier and general cargo vessel held with 33 deficiencies.
Atlantska refinances $18m of ship loans Croatian owner taps European lender for new funding for two bulkers.
Havyard takes full control of Norwegian Electric Systems The Saevik family's Havyard Group has taken full control of Norwegian Electric Systems. Oslo-listed Havyard first invested in the electric propulsion systems supplier in 2015 and has now acquired the remaining 49.5% of shares. Saevik seeks newbuilds after snapping Hurtigruten monopoly Geir Johan Bakke, chief executive of Havyard, said the purchase was made given belief in the firm and the chanc
Norden inks tanker and dry deals after strong first quarter Purchase of product tankers and multiple dry transactions confirmed alongside better than expected profit.
Shearwater scoops two West African jobs CEO Irene Basili sees market improvement after latest contract awards.
Panama Canal increases number of neopanamax slots It has also increased the maximum beam permissible for new locks after two years of service.
Modern Trojan kamsarmax put up for sale Arrested Greek-owned bulker lying off Colombo expected to be auctioned in June.
Iino Kaiun targets sale of veteran vessels Six elderly LPG carriers and other 'uneconomic' ships including tankers could go in tough markets.
AP Moller-Maersk thinks outside the box Business reorganised into four units as it aims to become less dependent on containership rates.
Sincere bulker caught up in carbon monoxide poisoning But workers affected by incident at New Zealand's Napier Port all released from hospital.
Odin boosts US presence with Houston tanker desk Shipbroker also announces recruitment of tanker industry veteran Espen Arnesen.
DHL moves to larger site in Tampa DHL, the world's leading international express delivery service, has relocated to a new service center in Tampa, Fla., that is twice the si...
Hapag-Lloyd focuses on growing market in Africa Hapag-Lloyd said Wednesday that it had opened an office in Tema, the largest port in Ghana and not far from the capital city Accra. The Ge...
OOCL reports higher volumes, revenues in Q1 Orient Overseas Container Line (OOCL) carried 1,579,578 TEUs in the first quarter of 2018, 7.5 percent more than in the same 2017 period. R...
Flexport goes to China Tech-focused freight forwarder Flexport has raised $100 million in funding from Chinese parcel courier SF Express, according to a statement...
Shippers raise concerns about 'PierPass 2.0' Several large shipper groups are raising concerns about proposed changes to the PierPass OffPeak program in the Port of Los Angeles and Por...
INTTRA leads logistics tech from innovation to action Container shipping booking platform and information provider INTTRA is launching a pilot program that seeks to help shippers better manage ...
Trump pledges to fix Soo Locks President Donald Trump promised a crowd in Washington Township, Mich., last weekend that the Soo Locks would be fixed. The Soo Locks conne...
Executive Moves: Canaveral, Crowley, WCA Michael B. Poole has been named the Canaveral Port Authority chief financial officer in Port Canaveral, Fla., effective May 11. He has 30 ...
Shippers' Law: Attempting to top 'Himalaya clause' Carriers often extend the defenses and protections they enjoy under the Carriage of Goods by Sea Act (COGSA) to their agents and subcontrac...
Crude rises on weaker dollar following FOMC statement FOMC statement outshone unexpected large build in crude inventories.
Geopolitical energy risks become more acute As OPEC-led cuts slash the world's oil stock overhang, flashpoints have the potential to cause fresh price volatility this year.
US crude stocks see larger-than-expected build Analysts expected a build of 1.8 million barrels.
US Gulf Coast VGO freight netback at multi-month low amid soft demand Valero become an aggressive seller of VGO in the USGC.
US DATA: EIA says USWC fuel oil stocks highest since 2016 Domestic stocks were down slightly from the previous week.
Malta bunker operations suspended due to bad weather: port authority
External: Praxis Energy Agents S.A
Fuel supplier Aegean appoints new board members after shareholder revolt
Finland's Containerships remains committed to LNG bunkering strategy
SUBSCRIBER NOTE: Platts proposes to launch Murban differential to Dubai The new assessment will capture the spread between the outright value of Abu Dhabi's Murban crude for loading two months forward versus the Platts Dubai crude assessment published during the same calendar month.
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