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Höegh LNG secures debt financing for FSRU newbuild The facility comprises a 12-year tranche of $132m guaranteed by K-Sure, South Korea's export credit agency, and a five-year non-amortising...
The Interview: Peter Hinchliffe Hinchliffe believes he achieved what he set out to do: to grow the ICS's influence and establish it as the...
Greeks lift investments in shipping on back of LNG orders Leading shipping nation on course for three-year high in spending
Smaller UK ports key to easing Brexit chaos, Peel Ports says Claim comes as Maritime UK calls for Article 50 extension
Surge of scrubber orders as owners take the plunge Time is running out for shipowners to install exhaust gas cleaning systems. A surge of orders is limiting installation capacity...
Tighter capacity supports big rises in east-west ocean freight prices Spot rates rise on peak season momentum
Cement trade helps maintain dry bulk market The global seaborne dry bulk trade is projected to grow by 2.6% in tonnes, and by 3.3% in tonne miles...
OOIL posts losses and appoints new management OOIL and Cosco will adhere to 'Trust Together' concept to drive synergies, says Xu
Collaboration is key to the class challenge Expect to see a revolution in how we operate assets during the next few years and much of this will...
Low water levels hit European barge transport Hapag-Lloyd warns customers it may not be able to accommodate transport requests
Aspen plans exit from Lloyd's classes Aspen will stop writing aviation, international professional indemnity and marine hull at Lloyd's, but says most of its Lloyd's business...
Seaspan expects low spot exposure to limit trade war impact US-listed company reports ebitda of $178.6m in the second quarter, beating analysts' estimates
Daily Briefing Navios in no rush for scrubbers as dry market heats up | MSC finances China scrubber retrofit programme | Exclusive...
Jinhui agrees sale of another supramax Delivery of the Hong Kong-flagged vessel is scheduled by August 5
China may place 25% tariff on US LNG exports Threat from Asia's largest country may be 'posturing' but could dominate rest of second-quarter earnings cycle and next few quarters, Wells Fargo Securities analyst says.
'New era' Vale goes big on scrubbers amid 2020 'structural shift'
Scrubbers will be fitted on LNG-ready guaibamax fleet, with 'progressive' introduction likely for trading ships.
Yilport bid for Italian port gets thumbs-up Italian boxship terminal would join 26 other Yilport holdings in Europe and Latin America.
Viking Line sees volumes shine in July Viking Line has reported record passenger volumes in July as summer sun helped draw in passengers. The shipowner says the 951,010 passengers on its routes in July surpassed the level seen in 2015, which was a record year for the company. "We are really pleased with the passenger volume trend in July and happy that so many people choose to sail on our vessels," said Viking Line's boss Jan Hanses.
Capesize rates climb and tipped to remain 'buoyant' Braemar ACM says other sectors will be harder hit by trade war, while big names lock in cover.
OOIL set to flex its muscles, says new chairman Cosco's Xu Lirong says combined container group to exert greater influence in market.
Aspen pulls out of hull insurance business Lloyd's syndicate cuts its marine cover on deadline day for business plans.
Teekay Tankers has more liquidity levers to pull Kevin Mackay says inflection point is coming this year but more leasebacks and other deals are possible to raise cash if needed.
Hitachi Zosen posts $51.7m quarterly loss Energy and environmental machinery blamed along with ship generator activities
Ezra withdraws Singapore court application Collapse of restructuring deal leaves OSV owner with US Bankruptcy Court filing and Singapore judicial proceedings
Teekay Tankers inks suezmax time charter Brokers suggest transaction is with P66.
d'Amico sets sights on supramax pool growth d'Amico Group is looking to almost double the size of its supramax pool which has posted strong results for the first half of 2018. d'Amico International Shipping opts for scrubber on new LR1 D'Amico building new digital fleet HQ The Medi Supramax Pool says its 100 pool point vessel returned a gross rate of $11,696 per day in the first half of 2018, ahead of the $11,113 per day booked by the re
Hoegh LNG ties up FSRU newbuild loan Debt finance secured despite no employment lined-up but Arctic Securities says amount is below leverage expected.
Subsea 7 wins Nexen contract Subsea 7 has scooped a contract with Nexen associated with the Buzzard Phase 2 Project off Scotland. It will take care of project management, engineering, procurement, construction and installation of a 5km pipeline bundle. Associated well and platform tie-ins and the provision of a heavy lift vessel for transport and installation of a new topside module were also included, a statement said.
Idan Ofer lines up $1bn deal to restructure Pacific Drilling Tycoon working with two hedge funds and well-known offshore investor in deal that competes with bondholder proposal.
NYK eyes more domestic LNG bunkering facilities Japanese owner is teaming up with more companies in bid to be ready for IMO 2020.
South Korea set to trial first floating offshore wind turbine Asian nation only fifth nation to adopt technology after Norway, Britain, Japan and Portugal.
OSV market to remain 'sloppy and unpredictable', says HOS chief Deepwater drilling water remains anemic, but will ultimately recover says Todd Hornbeck.
HOS on course to revive work on stalled MPSVs Company not walking away from MPSVs after terminated contract with previous shipyard.
Hapag-Lloyd: Low sulphur only feasible solution for IMO 2020 German shipowner says scrubbers and LNG technology have their limitations for liner sector.
Unauthorized shipments to Iran net export suspension The Bureau of Industry and Security is activating a suspended five-year export denial order for Narender Sharma and India-based Hydel Engineering Products, after discovering that they did not pay $30,000 to the Commerce Department by Dec. 15, which was a condition of the order's suspension, BIS announced Friday.
U.S. rail shipments rise 5.2 percent in July Total combined U.S. freight railroad traffic in July grew 5.2 percent to 2.16 million carloads and intermodal units compared with the same month a year ago, according to the latest data from the Association of American Railroads.
FTR: Class 8 truck orders 'astounding' Net orders for North American Class 8 trucks totaled 52,250 units in June, the highest monthly total ever, according to preliminary data from freight forecaster FTR Transportation Intelligence.
Rhine River water levels may force cargo diversion Hapag-Lloyd says inland transportation by barge to and from Rotterdam and Antwerp is currently severely delayed as a result of extreme low water levels on the Rhine river.
Saia's net income shoots up 72 percent Saia Inc.'s net income for the second quarter of 2018 totaled $30.3 million, up 72.3 percent year-over-year as the company benefited from a lower effective tax rate.
U.S. transportation, logistics employment slips Employment at U.S.-based transportation and logistics slid in July after six consecutive months of hiring growth to start the year.
K + N acquires Ecuadorian perishables specialist Kuehne + Nagel International AG has acquired the perishables business of Panatlantic Logistics S.A., Ecuador, a Quito-based firm specializing in the transport of flowers and fruit by air, the companies said in a joint statement.
Yilport offer for Taranto port advances Yilport Holding says that the agency that manages the Port of Taranto in Italy has "expressed a first positive evaluation about Yilport Holding's proposal concerning the concession of the container terminal."
Hub Group looking to sell off Mode segment Hub Group Inc., a multimodal transportation service provider, said it is exploring "strategic alternatives" for its Mode segment.
Buckeye starts permitting process for Corpus Christi crude loading facility: senior executive Buckeye Partners has started the initial permitting process for its South Texas Gateway terminal at Corpus Christi to load large crude carriers
Crude futures fall on higher OPEC supply, US-China trade spat Crude futures fell Friday on rising OPEC and Russian output and concerns that a trade dispute between the US and China will affect demand
Brazil's Petrobras to install three new FPSOs in third quarter Brazilian state-led oil producer Petrobras will install three new floating production units at offshore subsalt fields in the third quarter
OPEC cut compliance down to 105% among members with quotas: Platts survey Saudi Arabia pumped close to its all-time high in July
Eastern China ports closed as Typhoon Jongdari makes landfall Ports along China's eastern peninsula were closed Friday as Typhoon Jongdari made landfall
Marine fuel supplier Clipper Oil to expand Pacific Northwest operations Marine fuel supplier Clipper Oil will expand its physical operations in Oregon and Washington
Rotterdam's Q2 bunker sales slip 5.3% on year Marine fuel and lubricant sales at the port of Rotterdam slipped by 5.3 percent on the year in the second quarter
TANKERS: Teekay encouraged by unseasonal dirty freight volatility, scrapping, IMO Only 19 orders reported this year, mid-size segment has remained below a 5% growth rate.
Off-spec fuel debunkered at Gibraltar: sources The fuel is believed to have been shipped from the US Gulf Coast.
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