Maersk Line achieves new landmark by rendering first mile logistics solutions for imports of refrigerated cargo into India
MANSA elects Capt. Amit Wason of NYK Line (India) as President for 2018-20
HAROPA - Port of Le Havre confirms its investment scheme of more than euro 500 m
JNPT's 29 years of creating value
N. Vaiyapuri takes charge as Deputy Chairman of V.O. Chidambaranar Port Trust
PSA's Chennai International Terminals wins 'Container Handling Terminal of the Year' award for the third time at the South East Cargo & Logistics Awards 2018
Kinship Agency exports Dornier-228 aircraft from HAL Kanpur to Seychelles
German Carnival affiliate lures Klein from CPO Holding Switch from boxes to cruiseships for Hamburg big name
Indonesian ferry sinking claims 34 lives The vessel partially sunk on Monday after the master grounded it deliberately to prevent a higher death toll
Ardmore's Gurnee expects summer rebound in MR tanker demand Mexico and Brazil are expected to lift more US oil products, injecting more vitality to Atlantic product tanker trades
Kerry Logistics to help develop new Black Sea port and SEZ New port and economic zone due to open in 2020
China's newbuilding price rise continues Fall in the value of the yuan, if it continues, is good for shipbuilders in China, because it may turn...
Seadrill nets court award after exiting Chapter 11 Award comes after Seadrill restructures, slashing debt for equity
Box rates bounce back on transpacific Drewry index follows SCFI on upwards curve
Yang Ming confirms charters The company says it has an ongoing fleet renewal programme to replace older ships at the expiry of their charter...
DSME secures 100th order from Angelicoussis The two groups have done $11bn of business since 1994 and still have 18 vessels outstanding
Is the window closing for secondhand bulker investors? Freight markets signal further upside in asset values although it may be too late to invest in bulkers on a...
Tariffs threaten 1% of global box trade, says Drewry Optimism persists that global demand growth will outstrip demand despite looming trade war
Seaspan appoints chief operating officer New chief has more than 25 years' experience in shipbuilding industry
Five risks to check: Product tankers Crunch time for owners as newbuilding interest has recovered even before product restocking occurs
Värde hires ship finance specialist Bart Veldhuizen Former Lloyds and DVB banker has sat on Eagle Bulk, Seadrill and Golar LNG boards
HNA chairman Wang Jian dies after a fall in France Company says the chairman was injured in a fall and failed to recover
Pioneer Marine plans to buy back shares The offer will be carried out as an auction process managed by Pareto Securities
Daily Briefing Total VLCC scrapping value could reach $1bn, says GMS | Five risks to check: Crude tankers | IMO agrees to...
China imposes IMO Tier II rules on imported ships Move is expected to ramp up Chinese imports of tonnage in the short term and largely reduce the age of...
China's Shenghang buys out dissident shareholders Domestic chemical tanker owner joins a string of shipping companies to leave Beijing's New Third Board over-the-counter exchange in search of other funds
Fesco offloads feeder boxship for over $11m Russian liner operator Fesco has sold another of its feeder containerships. The Vladivostok-based operator has reportedly hived off the 1,730-teu Vladimir (ex-Fesco Vladimir, built 2009) for more than $11m. Fesco shares hit by Magomedov arrest Fesco lines up $13m stock offer European brokers suggest the vessel has been bought by Neptune Pacific Line of Australia. The price is roughly in line
Morgan Stanley takes fire as weak market sinks GoodBulk IPO Failure to launch on Nasdaq is blamed on a 'fundamental lack of demand', but some observers also point the finger at lead investment bank's sale of Star Bulk Carriers shares a day earlier
Don't get caught out by Chinese ship import deadline, brokers warn Buyers risk getting caught in a closing window as Beijing wants all vessels to comply with Tier II
Simon Aust exiting shipbroker Harper Petersen Simon Aust is departing as managing director of German shipbroker Harper Petersen. Aust is set to be replaced by Bjoern Andersen and Arne Corleis at the beginning of August. Rickmers reveals his philosophical approach to shipowning His exit comes just a few months after Erck Rickmers announced he was selling Harper Petersen to the Bremen-based Zeaborn Group. Nils Aden, chief executive of owne
Greek tanker and bulker spend nears $2bn in first half Hellenic hands still writing cheques but overall deal flow and investment is down this year.
Marc Duck paddles to Asia Capital Re A top figure in the fixed premium protection and indemnity market is leaving British Marine to join Asia Capital Re. Marc Duck, a former Steamship Mutual and UK Club claims executive, switched to the fixed premium market in 2010. He initially worked for British Marine, the biggest of the fixed premium P&I insurers in London, but relocated to be head of P&I claims for the parent outfit, Australian
Ferry disaster kills 31 people Captain of Indonesian vessel ran it onto reef to help evacuate passengers.
BP exits LPG sector with sale of last owned tanker Oil major subsidiary has shed three LPG carriers in four months as LNG and tanker fleets are renewed
Diamantides continues Toisa fleet feast Greek owner suspected to be laying hands on Toisa newbuildings.
Fujian Mawei tears up mining ship contract Dubai's MAC fails to pay $18m instalment, charterer Nautilus says.
Ulstein wins race for Nexans Subsea newbuilding Ulstein Verft has won a hotly-contested contract for a large cable laying vessel. Nexans Subsea Operations has booked the DP3 newbuilding at the Norwegian shipyard, it announced today. Sunstone set to ink expedition cruiseship contract Gunvor Ulstein, chief executive of the Ulstein Group, said in a statement that Nexans was a solid and important partner. "The contract was won in tough, interna
Yang Ming signs for 10 new boxships Deal confirmed for Costamare and Shoei Kisen newbuildings.
Braemar ACM fires up futures growth with new team in place Former Clarksons trio begin trading on FFA desk as CEO envisages 'massive growth'
TS Shipping MSV heading to Canada Estonian owner charters out icebreaking support ship for five successive summers.
Three charged after drugs found on NSC ship Cocaine discovered in sea chest of German vessel in Halifax.
SeaBird fixes laid-up seismic ship Norway's SeaBird Exploration has won a seismic survey contract in the Asia Pacific region. The letter of award obliges the owner to provide a ship for work in the third quarter. The job will last three months, with the company deploying the 1,400-dwt Voyager Explorer (built 2005). Clarksons and Equasis lists the vessels as laid up. It is anchored in Malaysia.
Docker's widow sues over bulker death $15m action against Taiwanese owner after mooring line snapped in US.
Carnival Corp cruiseship tipped for China buyer Second of two recent sales by cruise giant may be headed to China Travel Service
Maersk Oil books PSV duo on term deals Mokster and SolstadFarstad vessels booked for UK work.
Dutch royals visit Damen King Willem-Alexander and Queen Maxima dropped in at Curacao repair yard.
John Angelicoussis orders his 100th ship at DSME Landmark FSRU deal takes Greek owner's spending at Korean yard to $11bn since 1994.
Pioneer Marine launches share buy-back Handysize bulker specialist looks to spend almost $15m to bolster its stake in the company.
KTB Asset Management launches $30m shipping fund Money will be invested in three shuttle tankers building for Teekay at Samsung Heavy Industries.
JERA and EDF to merge LNG trading arms Move sees Japanese energy company boost spot market know-how and expand access to Europe.
General cargo vessel arrested over unpaid bunker bill Singapore admiralty sheriff makes first vessel arrest in months as Vietnam-flagged ship is held.
Port of Thunder Bay to undergo upgrades The Canadian government is investing C$7.5 million (U.S. $5.7 million) in transportation infrastructure at the Port of Thunder Bay along Lake Superior.
Chinese goods subject to duties drawback eligible Goods subject to Section 301 duties on imports from China will be eligible for drawback, U.S. Customs and Border Protection said in a Tuesday CSMS message.
Evergreen adds reefer containers to fleet Carrier Transicold said Monday that Evergreen is acquiring 3,000 containers equipped with its PrimeLINE refrigeration units.
Largest U.S.-flag containership christened Matson, a leading Jones Act carrier, to both Hawaii and Alaska on Saturday christened the largest containership ever built in the United States at the Philly Shipyard.
Danaos profits slide on debt refinancing Danaos Corp. saw its net income slide 18.7 percent to just shy of $15 million in the first quarter of 2018, according to the company's latest financial statements. The Athens-based containership owner and lessor posted earnings per share of $0.14 for the quarter compared with $0.17 per share in the same 2017 period despite operating revenues ticking up 1.6 percent to $111.9 million. Danaos attrib
Logistyx snaps up Transparix Rolling Meadows, Ill.-based Logistyx Technologies, a transportation management execution software-as-a-service company, has acquired Transparix.
Port of Virginia dredging project moving forward A project to deepen and widen the commercial shipping channels serving Norfolk Harbor can now move forward after getting the necessary approval from the U.S. Army Corps of Engineers, the Port of Virginia said Monday.
Tariff hikes cast U.S. ports into murky waters While many U.S. ports are reporting record cargo volumes, port executives also are expressing concern about what impact increased tariffs - both tariffs imposed by the Trump administration on imports into the U.S. as well as retaliatory tariffs by its trading partners - may have on future traffic.
FAS announces updated agricultural safeguard triggers The Agriculture Department Foreign Agricultural Service (FAS) on Tuesday announced updated quantity-based trigger levels for products that may be subject to additional import duties under the safeguard provisions of the World
Piraeus bunker-buying flurry narrows price discount to Istanbul
Med/North HSFO turns negative on easing Med market
FUJAIRAH DATA: Oil product stocks jump 9.9% to seven-month high
Black Sea bunker supplier adds new barge for harvesting season
NWE fuel oil hi-lo spread at narrowest in 8 months as bearishness grips LSFO market
US Navy 'stands ready' to protect Hormuz after Iran threatens exports
SUBSCRIBER NOTE: Platts to amend Singapore-Australia 30 kt clean MR assessment methodology From August 1, Platts will assess the 30,000 mt freight as a prorated value of its recently launched 35,000 mt clean Medium Range tanker assessment.
LNG bunkering set to meet decarbonization target by IMO, offer other gains to shipping: SEA\LNG "Assessing it [LNG] purely from a GHG point of view is not responsible," SEA\LNG said.
ASIA SHIPPING Q3: Oversupply sinking dirty tankers; clean hit by newbuilding VLCCs The orderbook for VLCCs is at a two-year high and at a risk of overinvestment.
BIMCO developing charter party clause to prepare for IMO 2020 sulfur cap The clause is significant because it will help alleviate some of the uncertainty surrounding the impending sulfur cap.
FUTURES: Crude higher on latest US data, ongoing supply concerns "A larger-than expected drawdown in US inventories will inevitably prop prices up," a Phillips Futures analyst said.
Iran threatens to block neighbors' crude exports if sanctions cut off its oil sales However, President Hassan Rouhani did not elaborate how Iran would block regional crude exports.
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