Malta pays tribute to first women master mariners Transport minister Ian Borg pledges empowerment of more women in maritime industry after hailing first five captains as trail-blazers
Scorpio Bulkers secures further funding The loan facility will increase Scorpio's liquidity by $28m after financing up to 60% of six ultramaxes
DP World Southampton denies truck slot issues Southampton's productivity problems and high stack levels are due to outside factors, not its vehicle booking systems, DP World says
Shipowners confront growing compliance costs Managing the total cost of operation (TCO) is fundamental to any successful shipping operation. In this article, drawing on Lloyd's...
Slow steaming is 'most realistic' emissions curb, says Prokopiou Greek owner wants answers as to why slow steaming has been left out of the IMO's emissions strategy, while dismissing...
Box shipping rebalance slips further into the future Poor economic conditions combined with tariff wars likely to delay carriers' return to profitability as costs escalate from low-sulphur rules
Box shipping must look outside the box Container shipping should look to more collaboration to maximise efficiency and should be open to digital tools to facilitate this
UK exporters can expect customs intervention if Brexit means Brexit Failure to comply with rules could result in delay, additional costs, legal action, or confiscation or destruction of goods
Asia-Europe box numbers maintain downward trend Year-to-date volume growth on the Asia-Europe trade through to the end of August stood at a measly 0.1%, while on...
PIL and IBM to develop electronic bill of lading Development is expected to significantly enhance the documentation process in supply chain management
LNG bunkering to grow with newbuild orders The conditions required for LNG to be readily adopted as a marine fuel are already in place
Newport Shipping orders 100 scrubbers The deal, which includes options for an additional 100 units, will safeguard shipowners against any price hikes or production bottlenecks...
Royal Dutch Shell advances Canada's energy agenda Canada is seeking to increase fossil fuel exports while nurturing its environmental credentials, with Royal Dutch Shell helping out on...
Industry leaders commit to IMO's greenhouse gas vision Maersk, Euronav, GasLog, Trafigura, Cargill and IRISL are among those who pledge to support the IMO in achieving at least...
Viewpoint: Burning questions There seems to be no way of tackling the sheer criminal and wilful ability of shippers, notably in the Far...
Daily Briefing Fuel suppliers seek to quell industry concerns |Singapore prepares for 2020 low-sulphur rules | Cyber theft and energy costs top...
Norton: Retrofit costs led OSG to book newbuilding duo
Washington studies US-flag tanker programme MarAd mulls MSP-style programme to boost merchant marine and fill military needs.
Tidemand and Teigen strike Belships merger Agreement will create 16 vessel company with ambitious sponsors targeting further expansion.
Marine paint maker Jotun's growth 'is not satisfactory'
Nobu turns to 'vanishing' print medium for first book
Unctad is right to warn of oligopoly threat from liner mergers United Nations body shows common cause with developed nations' anti-trust authorities in concern over concentration of market power
Shipowners beat bankers again in Hamburg match
Sedgwick bulks up to cope with increasingly 'complex' claims
Smaller vessels resilient amid big boxship gloom Chartering sentiment has turned negative, but traditional panamaxes are holding up
Costamare boxship scrapped for 'incredible' price Panamax containership sold to India as $500 per ldt barrier breaks.
Nissen orders feeder boxship quartet at Tsuneishi Zhoushan Newbuildings ordered against long-term charters to Taiwanese liner giant Evergreen
Boxship market creaks into life but prices stay sluggish Signs of movement after quietest period in two years on the S&P front
Flex boss: 'If we are going to do something, we do it big time' New chief executive Oystein Kalleklev says the company is likely to seek a US listing as it gets ready to expand to tap a rising market
Flex boss is straight-shooter who likes getting hands on
Flex LNG steers into a burgeoning spot market after a year of transition
BP Shipping floats DFDE LNG duo for sale Dual-fuel diesel-electric ships offered up to the market with lure of a charterback deal
Final three line up for Pavilion-Total LNGBV order
Avenir partners eye up 20,000-cbm LNG carriers
Yamal Trade orders kits for LNG transshipment
Shipowners called up for Arctic LNG 2 newbuildings Final vessel requirement and specs remain blurred but Russian shipbuilding content is added to the mix
Lalim exits L&S to join Galbraith's
Christen Sveaas takes full control of Norgas Carriers
Eddie Steamship boss: 'I will not be next John Koo' CC Hsu says one new ultramax is enough and he will not follow rival's mass move
Mjolner fixes suezmax at bargain rate from GNMTC
Norient MR period fixtures reflect hope in the market Period rates remain largely stable and higher than spot earnings in recent months as many bet on a recovery in the depressed sector
Jo Odfjell to stay in chemicals shipping
Nord and Nissen team up to launch N2Tankers German and Japanese shipowners are pooling crude aframax tanker fleets with operations to be run from Amsterdam and Singapore
Fears rise that buyer's market for bulkers will hit asset values With an abundance of supramaxes and panamaxes offered for sale, purchasers can be picky
Montepio set to deliver ageing cruiseship Porto to Turkish shipbreaker
Dalnave sheds last 1990s-built bulker
Consolidation and scrapping required to override OSV slump Following the roadmap of consolidation and fleet renewal to emerge from a depressed market, says Horizon chief.
Customers must carry cost of IMO 2020, says Niels G Stolt-Nielsen Shipowner says industry will go out of business quickly if additional expense can't be passed on.
Troim says small-scale LNG ship sector 'ready to be taken' Golar chairman speaks about his "passion for gas" but calls for somebody to revolutionise the sector.
DNB's Bjerke on email password hack list Norwegian PM Erna Solberg also targeted by online activists.
Scorpio Bulkers banks $90m loan cheque One existing and one new bank sign fresh loan for New York-listed shipowner.
VLCC spot rates on upward curve at start of fourth quarter Rise follows better than expected summer with major owners catching the upturn.
Trafigura clinches upsized $1.95bn loan package Trader and shipowner says new Asian credit facilities over-subscribed.
Grounded "ghost ship" sinks off Myanmar Ex-Djakarta Lloyd vessel submerged after failing to make it to breakers.
Danske Bank faces US criminal probe Investigation linked to Estonian money-laundering scandal.
Palumbo takes control of Viktor Lenac yard Italian group builds stake in Croatian shiprepairer to 82%.
GC Rieber finds charter for OCV Polar Queen booked for three months in two separate spells.
VIDEO: Elite Marine cargoship sinks off Taiwan Crew saved after tow of listing vessel fails near Penghu islands.
More of Marinsa fleet said to be for sale Turkish firm offers four supramaxes to interested buyers, in addition to two LR2s.
Coeclerici sells self-unloader duo
Shell bunkers first Sovcomflot aframax with LNG First of Sovcomflot's 'Green funnel', LNG-fuelled aframaxes debuts in Rotterdam
Clarksons Charity Day scoops record £80,000
Stolt-Nielsen books strong quarter despite Avance Gas writedown Oslo-listed owner pushes out tanker market recovery view after third quarter sums top forecasts.
Saverys company Exmar strikes 10-ship leaseback deal Full pressurized fleet sold to Japanese partners against six-year charters.
New tanker rules lead to Bosporus blockages Delays increase as Turkey requires ships to have pilot and tug escort.
ExxonMobil eyes multi-billion LSFO refinery upgrade Singapore plant will be able to convert other products into 2020-ready fuel.
Industry chiefs sign climate change pledge at GMF Bosses of Cargill, Maersk, GasLog and Euronav among those to sign call for action to hit IMO's target to cut CO2 emissions by at least 50% by 2050.
Insolvent NES yard handed cash lifeline German shipbuilder has secured operations for this month, with bosses upbeat over future.
US net natural gas exports surge in first half of 2018 LNG chief driver with export capacity set to increase over next 12 months as more facilities come on-line.
Candian pension fund takes control at Forth Ports PSP Investments returns for second bite of UK port operator after first investment seven years ago.
PSP Investments increases stake in Forth Ports Canadian pension fund returns for second bite of UK company after first investment seven years ago.
Adapt or die, warns NYK's Naito Assets to be "liquefied" in most challenging situation company has faced in its 133 years, president says.
Carsten Mortensen leaves DHT Holdings board Former chief executive of BW Group resigns from six-member panel as capital markets veteran Anders Onarheim comes aboard.
AG Shipping & Energy on tanker hunt Mangish Kakodkar-led tanker player is interested in more vessel acquisition opportunities
Argentina's Pan American plans Vaca Muerta oil development Pan American Energy, the second biggest oil producer in Argentina, plans to put into development a block in Vaca Muerta's oil well next year, shifting its near-term focus to crude as demand and infrastructure restrictions threaten to slow the growth of shale gas production, an executive said Thursday.
Incoming Mexican administration evaluating continued light crude imports Mexican President-elect Andres Manuel Lopez Obrador's transition team is analyzing whether to continue the light crude oil imports state-run Pemex will begin later this month, according to an economic advisor on the team.
Oil market is well supplied, 'some would even say oversupplied': Falih Saudi oil minister Khalid al-Falih Thursday said geopolitical tensions and speculators were behind the recent rise in oil prices to four-year highs, not collusion by OPEC and its allies.
FEATURE: Bunker fuel sales on contract basis to rise approaching 2020 One of the factors is suppliers looking for a guaranteed outlet for their product, particularly 3.5%-S oil.
Panama's July marine diesel sales increase 39.83% on year Marine diesel fuel sales in Panama totaled 32,932 mt in July, up 39.83% from the year-ago month, data from the Panama Maritime Authority showed Thursday
TANKERS: Key PG-China VLCC rate at 2018 high as Iran sanctions loom VLCC demolition is also on an overdrive
External: Marine Bunkering(Rotterdam)B.V.
Average Brent oil price set to rise further next year: Platts survey Concerns over OPEC's untested oil supply cushion has been fueling bullish market sentiment.
TRADER NOTE: Naphtha trader Roy Kim joins Vitol Singapore Kim was with his former company Trafigura for around three years
TANKERS: First Platts-linked Aframax FFA on USGC-UKC route traded The November 2018 futures contract traded at $16.6410/mt for 5,000 mt, and was cleared on Intercontinental Exchange Wednesday
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
