Flag revoked for Europe's only civilian rescue vessel The non-governmental organisation operating the Aquarius has flag requests pending with many European states
The Lloyd's List Podcast: Why Brussels should end the current competition rules for carriers Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
Gard sees sharp fall in surplus after investment loss But club joins London, UK, Britannia and Steamship in declaring zero general increase, effectively setting a benchmark for marine mutuals...
The Interview: Olivier Josse Cargill's head of tankers Olivier Josse is remodelling the unit to focus on long-term charters linked mainly to newbuildings in...
Hyper-connected Hong Kong Strategically located at the centre of the fast-developing Asia-Pacific Region, Hong Kong is superbly connected to the rest of the...
Aegean Marine Petroleum claims up to $300m lost to fraud Bunker supplier's woes deepen as audit committee details extent of 'misappropriations' said to go back as far as 2010
Iran's oil to keep flowing amid US sanctions Iran's oil exports could fall to about 800,000 bpd by the middle of next year, says Facts Global Energy
Minoan Lines to install scrubbers on cruise ferries Grimaldi Group company says the move will make it the first Greek coastal operator to fully comply with new 2020...
Shipping stocks rally on signs of US-China thaw Uptick comes after the US and Chinese presidents had a phone call on Thursday, during which Xi said both he...
Trump flexes muscle to ease Port of Corpus Christi expansion Long-delayed development plans at Texas port may be put back on track after Donald Trump asked to end the 20-year...
EU urged to end special treatment for container line alliances The European Commission is asking for comments from industry stakeholders as it considers whether to renew the regulation that exempts...
ACL looks for UK flag alternatives as threat of no-deal Brexit looms ACL chief executive Andrew Abbott is considering both the Italian and Maltese ship registers as the carrier draws up contingency...
Daily Briefing Sweeping IMO reforms hit flag state opposition | Exclusive interview with Cargill's head of tankers Olivier Josse | Capital Product...
Plunging China demand hits US soyabean trade, says BIMCO report Mexico became the largest importer following a 34% increase, the next three markets at least doubled US imports this season
DHT Holdings sees 'very promising' VLCC market outlook DHT Holdings executives expressed confidence in a VLCC market recovery with the company positioned to ride an upturn in rates. The comments came after DHT reported strong third quarter numbers and divested its two aframax tankers at a price which reflected an upturn across the space this winter. DHT Holdings deepens VLCC scrubber investment as it quits aframax tanker market Pareto upgrades DHT
Bourbon looking for new investors Bourbon is looking to new financiers in a bid to keep a new strategic plan moving. In April, the Jacques de Chateauviex-led offshore shipping company secured a waiver to delay payments for a year in the face of EUR 1.12bn ($1.28bn) of outstanding loans and mounting losses. Layups top 180 ships at Bourbon But the company said Friday afternoon that there has been no renewal on that general waive
Buono to take superintendent role at Kings Point Former SeaRiver Maritime chief executive Jack Buono has been tapped to run the U.S. Merchant Marine Academy. Buono, an ExxonMobil unlimited master mariner before moving shoreside, will take the superintendent position at his alma mater 9 November. "Jack Buono is the ideal candidate to take the academy to the next level," said Maritime Administrator Mark Buzby. "He has impeccable credentials on t
Norbulk tanker freed off Congo Seafarers safe and well on bunker vessel attacked on 29 October.
GasLog flirts with special dividend and share buyback After posting impressive third quarter results and amidst record-breaking LNG spot rates, Gaslog is considering a special dividend or share buyback. Executives just won't say when. On its earnings conference call, chief executive Paul Wogan said he believed the LNG shipping market would be strong for the next few years, opening up the possibility of paying money back to shareholders. GasLog win
Waivers coming for Iranian crude buyers Implication on tanker markets will largely depend on the cap each consuming nation faces.
GasLog wins upgrade from JP Morgan JP Morgan has upgraded shares in Peter Livanos-backed GasLog given the momentum in the LNG market. GasLog calls for measured ordering as LNG fire burns bright LNG spot rates hover close to $200,000-per-day mark GasLog yesterday posted strong third quarter results at a time spot rates for LNG carriers are setting record levels. JP Morgan analyst Noah Parquette has raised his rating on GasLog fr
Ex-Seadrill man Byberg appointed Eidesvik CFO Broadband finance chief secures new role at Norwegian OSV owner.
UK issues warning after Red Sea pirate approach UKMTO says merchant vessel surrounded by three suspicious boats in Bab el Mandeb.
Great Eastern first Indian owner to opt for scrubbers Owner fitting exhaust cleaners to seven vessels.
Hunter speeds up deliveries as it orders eighth VLCC Arne Fredly company still has options for three more big tankers at DSME.
Aegean Marine probe results in sweeping fraud allegation The scheme allegedly benefited an unnamed former affiliate
Oceangold linked to two more aframax newbuilds John Dragnis company said to have inked more 2019 deliveries at Daehan.
Iino offloads LPGC veterans as profit rises Japanese owner boosted by following up on pledge to sell elderly tonnage.
DHT Holdings deepens VLCC scrubber investment as it quits aframax tanker market Company will have two thirds of its tankers fitted with scrubbers by 2020, busy third quarter report reveals.
Bimco moves ahead with IMO 2020 bunker clauses Owners organisation Bimco is pushing hard to finish work on two key IMO 2020 bunker clauses. The 2020 Global Marine Fuel Sulphur Content Clause, a general compliance provision, will be put forward for adoption by its documentary committee on 13 November. A first draft has also been prepared of a clause dealing with the transition to 0.5% sulphur content. Bimco: help us catch 'bad bunker' rogues
Vitol buys 50% stake in Nigerian oil company for $1.4bn A consortium led by Vitol has spent $1.407bn on a 50% interest in a Nigerian oil company. It has teamed up with Africa Oil Corp and Delonex Energy to acquire half of Petrobras Oil and Gas BV (POGBV). Vitol hold 50% of the consortium. Brazilian finance company BTG Pactual E&P will continue to own the remaining 50% of POGBV. Vitol emerges as charterer of NAT newbuild POGBV has an indirect 8% in
Island signs up OSV trio for five years' work Norwegian owner increases backlog in deals with Equinor, Lundin and Repsol.
Ocean Yield sees profit rise, but forecasts weaker outlook Oslo-listed ship leasing firm says focus will be on finding employment for off-hire FPSO.
US heightens security measures for vessels arriving from Iraq Only three of country's ports are said to be maintaining effective anti-terrorism measures.
Frontline increases scrubber installations to 40% of fleet Fredriksen-backed tanker owner has ordered 12 more sulphur cleaning devices for its ships.
ITF: Eye ending liner shipping competition protection International Transport Federation says industry "does not have unique characteristics that justify exemptions from competition law."
Alcohol industry cheers CBP rollout of CBMA claims Customs and Border Protection issued guidance allowing reduced excise tax rates for alcoholic beverage imports and released documents needed to claim them.
Panelists detail limited ISDS in USMCA Investor-state dispute settlement provisions in the U.S.-Mexico-Canada Agreement are much scaled back from NAFTA's language.
Maritime History Notes: A pioneering containership The S.S. Fairland had a storied career before being converted for commercial operations.
Commentary: Brokers workhorses of tariff changes The role played in turbulent times deserves some credit and at least 15 minutes in the spotlight.
Trump removes 95 country-product pairs from GSP White House applies eligibility for the Generalized System of Preferences to few new country-product combinations.
CMA CGM sets low-sulfur surcharge for China The fee comes after China imposed a 0.5 percent sulfur limit in the two cities.
Maersk launches instant booking confirmation "Milestone for the entire industry" eliminates delays and gives customers visibility to sailing options.
China may be biggest hurdle to US maximum pressure campaign on Iran: analysts During a call with reporters Friday, Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin mentioned the Trump maximum pressure campaign on Iran six times.
Pompeo says US has 'laser focus of keeping oil prices stable' The US on Monday will issue temporary sanctions waivers allowing eight countries to keep importing Iranian oil, but two countries have agreed to end those deals within months while the other six have agreed to "greatly reduced levels," Secretary of State Mike Pompeo said Friday.
Russia's October liquids output hits record high Russia's crude oil and condensate production in October hit a record high of 11.412 million b/d, rising slightly on the previous month, with exports approaching their highest level over the past 18 months at 5.14 million b/d.
US offers Iran oil sanctions relief, but keeps market guessing India, South Korea and Japan almost certainly will receive exemptions when US sanctions on Iranian oil exports are reimposed Monday, and China, Turkey, the UAE and Taiwan probably will too, analysts told S&P Global Platts Friday.
Panama's September fuel oil sales decrease 15.19% on year Sales of fuel oil -- which is blended to produce marine bunker fuel or is used for power generation -- in Panama totaled 293,112 mt in September, down 15.19% year on year, data from the Panama Maritime Authority showed Friday.
Bunker supplier Aegean defrauded of up to $300 million: audit Greek bunker supplier Aegean Marine Petroleum lost up to $300 million due to misappropriation of assets by a former affiliate, Aegean said Friday, citing an audit it had commissioned.
Poor weather set to hit Malta bunker ops at weekend: sources Poor weather expected at the port of Malta over the weekend looked likely to cause difficulties for bunker operations, sources said Friday.
Novorossiisk bunker operations recovering after Thursday storm warning Bunkering operations at the Russian port of Novorossiisk have resumed following a storm warning Thursday, the port authority said Friday.
External: Marine Bunkering(Rotterdam)B.V.
S Korea to get US sanctions waiver on Iran oil imports for 180 days: sources "We have not received official notification from the US yet," a government official said.
BIMCO says '2020 Transitional Fuel Clause' to meet IMO's global sulfur limit rule imminent A first draft has been prepared and it will be discussed on November 13.
Seanergy Maritime inks deal with charterers for scrubbers ahead of IMO 2020 rule The charterers will cover 100% of the equipment and installation cost for retrofitting the vessels with scrubbers.
Volatile VLGC rates dip to near 2-month low even as LPG activity picks up Only two cargo cancellations were heard for October loading from the US Gulf Coast, as the arbitrage to Asia was wide open.
Iraq's AISSOT completes first bunker supply at Umm Qasr port So far, its bunker barge MT Al Qurna had already carried out two supplies.
France's CMA CGM to have low sulfur surcharge for Shanghai, Ningbo ports The surcharge will apply to containers being shipped from/to the ports of Shanghai and Ningbo from November 15, it said.
ARA fuel oil stocks remain below 1 million mt on Singapore arb: PJK "Product is still available but it's all heading to Singapore," a fuel oil trader said.
INTERVIEW: Iranian oil unlikely to vanish from India's radar - IOC chairman "We are creating capacity to supply bunker fuel to meet IMO specifications," Singh said.
Bunkering at Rotterdam hampered by BP jetty maintenance "Loadings are facing delays of 4-5 days," a supplier said.
TRADER NOTE: Bunker trader Muneaki Momose leaves Itochu Enex His last day at Itochu Enex was October 31.
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