Seanergy goes all-in on capesize vessels Seanergy says it plans to grow its presence in the capesize market, which it believes has the best fundamentals in...
Carriers' fuel cost recovery methods lack transparency, shipper survey reveals New industry legislation will require lines to burn fuel with a maximum 0.5% sulphur content from 1 January 2020
Russia demands release of sanctioned ship held in Busan Moscow summons South Korean ambassador to demand release of vessel blacklisted by the US Treasury Department over sanctions on North...
Shell greenlights Canadian LNG export project The Anglo-Dutch energy major, which has a 40% stake in the Canada LNG project in Kitimat, British Columbia, said construction...
International Group names new chief executive as Bardot steps down Nick Shaw, global industry group leader at the International law firm Reed Smith, will take up the position of group...
Thome raises concerns about compliant fuel compatibility Switching to compliant fuels seen as primary solution as time runs out for scrubber installations
More contracts factoring in bunker adjustments There is an increasing demand for so-called bunker adjustment factor clauses in contracts now, says law firm Rajah & Tann
VLCC earnings improve with further upside expected VLCCs sustain uptrend on higher vessel demand across regions, supported by high activity in advance of China's Golden Week holidays
Asia-Middle East ocean freight 'in steep decline' Container trade from Asia to South Asia and from Asia to the Middle East fell steeply in the second quarter
Shippers must foot sulphur fuel bill, says SeaIntel SeaIntel estimates that the container shipping industry will be faced with an additional $11.2bn fuel bill from 2020, when the...
Shipping's biggest challenge is a shift in mindset, not fuel Shipping is an industry of regulatory laggards, where first-mover advantage is routinely proved to be a costly and naïve myth...
Kuehne + Nagel acquires Indonesian logistics company Wira K+N acquires a distribution centre in Cibitung together with satellite locations in Jakarta, Surabaya and Bali adding to its warehouse...
Daily Briefing Most refineries to produce HFO after 2020 | Sinopec said to be cutting Iranian crude intake | Gas sector seeks...
South Korea releases detained Russian ship US-blacklisted Sevastopol was held in Busan due to to alleged trade links with North Korea.
Sleaze party disrupts Royal Caribbean cruise More than 1,000 Indian tobacco company men on a wild work bender took over family cruise in Australia.
Eagle Bulk to ask bondholders for scrubber amendment Gary Vogel-led bulker owner is seeking approval to put proceeds from the sale of 'security vessels' toward the cost of four scrubbers.
Damen Shipyards to build bunkering vessel Estonian energy company Eesti Gaas will use the LNG bunker ship in the Baltic Sea, may order more such vessels from Damen Shipyards.
Bouchard sues for $21.5m over ATB blast New York-based tug and barge owner is suing insurer Travelers for allegedly not paying for repairs and value of destroyed ATB
Cleaves Securities buys Gersemi Research Move sees Norwegian company strengthen its research and capital management activities.
Second cooldown cargo logs in at Ichthys LNG Soon-to-start up floating LNG plant ships first condensate exports
Erria secures new funds through share and bond offerings Danish operator and manager offsets loss thanks to new investor.
Seanergy Maritime shifts focus purely to capesize space US-listed owner buys a single cape and sells a brace of supramaxes in deals which supports its bullish market read.
Japan's MOL poised to shed more product tanker tonnage MOL is on track to sell a 14-year-old MR tanker as the Tokyo-listed shipping giant continues to reduce its exposure to the product sector. According to brokers, the 45,700-dwt Pearl Express (build 2004) is going to Middle Eastern interests for $9.5m. MOL and Karpowership set to team up on FSRU for floating power plant Mitsui OSK Lines prices 'scrubber' bonds A source close to the matter told
New CEO to oversee next generation of Shoreline solutions Bermuda-based regulation specialist appoints niche insurance innovator as it rings the changes
Poompuhar sends final bulker for scrap Indian owner sends vessel for demolition in Pakistan.
Uljanik loses another vital newbuild contract Canada's Algoma cancels bulker order at troubled Croatian yard.
Bad weather boosts AHTS earnings Utilisation rising as jobs stack up and rates hit $31,000.
Paul Jennings to head International Group P&I organisation appoints new chairman and chief executive.
Vitol takes 50% stake in Brazil's Rodoil Trader and owner buys slice of oil terminal and distribution business.
NYK and Total behind $180m Samsung LNGC Japanese owner orders newbuilding backed by seven-year charter to major.
Panama Canal hails new LNGC transit milestone Waterway handles four gas carrier voyages in one day for the first time.
Stifel's Nolan sounds cautious note on LNG carrier oversupply Market running hot but record year for orders may be planting over capacity seeds for 2021.
Samskip launches new shortsea run Icelandic line to link Antwerp and Hull.
Bondholder buying former Rongsheng shipyard China Huarong Energy exiting debt-burdened shipbuilding business.
Costamare boxship scrapped for 'incredible' price Panamax containership sold to India as $500 per ldt barrier breaks.
Hyundai Heavy linked to $500m offshore lifeline Korean owner said to be closing in on floating production deal with LLOG of the US.
Fredriksen VLCC veteran tipped for offshore conversion Ship Finance tanker leaving to spot market but not for the breakers, sources say.
Iran says European crude export deal close Sanctions-hit country trying to avoid dollar deals to get oil out.
Lomar heading for 110% profit on boxship sale Former ER vessel going for more than double acquisition price; another veteran sold for hefty profit.
Greek tanker spending tops $1bn in 2018 Diamantis Diamantidis and Philip Embiricos among the four Greek owners to have spent over $100m on tankers this year.
Korean owner eyes Vinalines stake Vietnamese group offering investors a second chance to grab stock after weak IPO.
Subsea 7 alliance wins field deal Sizeable US Gulf contract worth up to $150m for Schlumberger JV.
Farstad name disappears as Solstad Offshore born OSV giant renames itself following last year's mega-merger.
Conversion of LNG-ready vessels may stimulate bunkering Doubling of deepsea fleet could build demand for gas as marine fuel above European levels, says Poten & Partners.
New Zealand fines Compagnie du Ponant over grounding Captain failed to inform local authorities of incident, with details only emerging after PSC inspection.
Ship Finance offloads oldest VLCC in fleet John Fredriksen-backed leasing company now down to just four large tankers following disposal.
Wallem celebrates 60 years in Singapore It proved a night of milestones for Wallem as it celebrated 60 years since it first set up shop in Singapore. "We also have staff at Wallem Singapore who have worked with us for about 50 years each." Nitin Mathur Shipowners, cargo interests, charterers and bankers joined in the celebrations at LeVeL33, which claims to be the world's highest craft brewery. Located in the Marina Bay F
Maersk picks up $45m worth of work from US military Contract extensions cover Jones Act tanker and operation and maintenance of ro-ro vessels.
Crude settles lower as market consolidates previous gains Crude and products futures settled just below opening levels, despite early gains on Tuesday.
Iraq's new President-elect bodes well for oil export rift Iraq Parliament has chosen Barhan Saleh, as its next president in a move which could help break the country's long-running stalemate between Erbil and Baghdad over oil exports via the breakaway northern region.
Japan tells US corporate activity should not be impacted by Iran sanctions Japanese delegates told US counterparts during a meeting in Washington Monday that Japanese corporate activities should not be impacted by looming sanctions against Iran, and the both sides agreed to continue discussions, Japan's Ministry of Foreign Affairs said in a statement Tuesday.
As oil prices rise, US locks in on Iran sanctions Rising global oil prices will not deter the Trump administration from pushing sanctions forward on Iranian crude exports in November, several analysts told S&P Global Platts Tuesday.
Q3 wrap: Asia residual fuels strengthen on tight supply, spec concerns The Asian residual fuels market was stronger in the third quarter due to a slump in fuel oil stocks and concerns over off-spec US origin fuel.
CYE Petrol likely to halt bunker sales at Istanbul for Oct: source Turkish fuel supplier CYE Petrol is unlikely to be supplying intermediate fuel oil at the Turkish port of Istanbul for the duration of October as the company carries out shoreline preparations ahead of the International Maritime Organization's new lower sulfur regulations in 2020, a source close to the matter said Tuesday.
Singapore 180 CST swap crosses $500/mt amid rising crude, strong fundamentals The Singapore balance-month 180 CST high sulfur fuel oil swap rose above $500/mt on Tuesday for the first time in four years, finding support from increasing crude prices and strong market fundamentals.
Congestion in Malta, Piraeus eases after spell of bad weather: sources Congestion at the Mediterranean ports of Malta and Piraeus has begun to ease after bad weather caused disruption to the delivery schedule over the weekend, sources said Tuesday.
Strong fuel oil market could open arbitrage from NWE to Singapore A workable arbitrage for 3.5% fuel oil cargoes moving from Northwest Europe to Singapore could open up if the premium of 380 CST Singapore cargoes over 3.5% FOB Rotterdam barges widens further, market participants said Tuesday.
External: Global Risk Management
Iran's oil tankers opt for Houdini tricks as US sanctions loom Iran's oil tankers are switching their transponders off in a bid to appear oblivious to global satellite tracking systems
Iraq's AISSOT completes maiden bunker supply in Suez Canal MT Andros supplied 1,500 mt of 380 CST fuel oil and 300 mt of LSMGO to the LPG/c Gas Beauty I on September 29.
FUTURES: Crude hovers around 4-year high on supply concerns Investors continue to keep an eye on potential supply shocks, OCBC Commodity economist Barnabas Gan said.
TANKERS: Americas VLCC freight jumps $1 mil in two days on demand, tight tonnage "All of the Japanese and Korean charterers are stepping up," one shipbroker said.
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