APL and Hapag-Lloyd warn shippers low-sulphur fuel costs will be passed on APL's Nicolas Sartini warns customers to expect higher rates to cover container carriers' increased fuel bills as Hapag-Lloyd claims costs...
Nixon signals new ships for ONE from 2020 Ocean Network Express chief executive Jeremy Nixon says the new line has the tonnage it needs for the next two...
CSET's stock market woes overshadow $850m fundraising Company faces balancing finance requirements for 16 new tankers on order with undervalued stock
Norden presents optimistic outlook for 2018 despite Trump threats Danish owner plans to be "agile" amid signs of optimism in dry bulk and product tanker markets, says chief executive...
Eagle Bulk, Norden post best earning in years: bulker results round-up Latest reporting: Norden, Eagle Bulk and Star Bulk
BW LPG to start $15m share buyback programme Company to buy back up to 4m common shares and hold them as Treasury stock
Korean banks post 348% net profit surge amid maritime industry recovery Domestic banks posted net profits hitting Won11.2trn in 2017, a 348% increase from the previous year
MISC probed by Malaysian anticorruption authorities Shipping firm is fully co-operating with the investigations
Cheniere starts 20-year LNG supply contract with GAIL Gas to be supplied from the Sabine Pass liquefaction facility in Louisiana
Trump's trade tariffs threaten US growth agenda IHS Markit economist has harsh words for US president's tactics in light of proposed import duties on steel and aluminium
Japan Marine United gets new chief executive New chief executive Chiba Kotaro takes the reins from Mishima Shinjiro from April 1
Women in Latin American maritime sector offered UN course About 50 women will be invited to attend a leadership course at the end of the year
LPG long-term shipping outlook positive on growing US exports Tonne-mile growth has been robust over the past five years, says BW LPG chief executive Martin Ackermann
Shanghai Salvage awarded Kea Trader recovery contract SSC will have resources on site 30 days before it takes over from Ardent
IMO celebrates 70th anniversary Queen Elizabeth visited IMO headquarters on Wednesday
Box lines told to focus on service rather than price as market recovers Maersk chief economist says box lines should focus more on meeting the changing needs of customers now that supply and...
Euroseas returns to profitable ways as merger talks continue Greek owner now discussing with 'several parties' as it seeks to separate dry bulk and boxship fleets
Shares in Asia feel the heat of trade war threat Japan and Hong Kong shares slide on US president Donald Trump's threat of steel and aluminium tariffs
Cruise executives see overtourism as an issue Carnival chief executive Arnold Donald calls it the "top" problem in the cruise industry.
China Cosco chairman bangs consolidation drum Terminals and other shipping assets set to follow Orient Overseas deal, chairman explains.
Gulf Navigation stops at $100m Rights issue completed but Dubai owner decides against public offering.
Sterling Global expands with surveyor takeover UK group buys Geoff Waddington & Partners.
Norden targets best of both worlds in dry bulk Chief executive spots opening for significant expansion of bulker operating platform.
CSET snaps up PetroChina tanker fleet for $82m Cosco company will own 51% of product carrier owner after capital injection.
Provisions down as lending rises at DSF Danish lender boosted customer numbers by 10% in 2017.
Hafnia Management hops into second spot with growth spurt Danish pool operator has added three new owners this year, Engholm says.
Shanghai Salvage confirmed for Kea Trader job Chinese salvor to remove broken boxship from Pacific reef.
Grupo TMM boosted by shipping spin-off Transfer of maritime division to bondholders results in big Q4 gain.
Frontline fires as DNB Markets turns bullish on tankers Oslo-listed owner sees stock climb as DNB tips VLCC rates to double and resale values to climb accordingly.
HHI robots to shape hulls for first time Automated system will work on steel plates at Ulsan yard in Korea.
Norden snaps losing streak with further profit set for 2018 Danish owner latest to end a long run of red ink with new forecast set for this year.
IEA: gasoil demand spike won't last Energy agency believes post-2020 boost will fade as owners switch to new fuel types.
BW LPG to buy back $15m of stock VLGC owner targets up to 2.8% of the company's shares on Oslo market.
GTLK Europe plots $100m finance fund Russian-owned vessel leasing company to expand operations in Dublin.
Malaysia's MISC embroiled in bribery scandal Shipowner's offices in Kuala Lumpur and Johor said to have been raided by authorities.
Sardashti takes the helm at NITC Iranian tanker giant's commercial director appointed managing director as Siroos Kianersi leaves after less than two years.
Eagle Bulk Shipping ends 2017 in the red Supramax specialist makes further progress on back of updated fleet and streamlined operations.
DeepOcean seals more work from Statoil Norwegian owner says contract preparations to start later this year with execution set for 2019/2020.
Navigator profit lower as rates still weak Leading player in the midsize gas ship sector, though, beats estimates for the fourth quarter.
Descartes looks for more acquisitions amid strong balance sheet Descartes Systems Group recorded strong financial results in fiscal year 2018, which ended Jan. 31, 2018, with substantial increases in net...
FMC to launch detention, demurrage investigation The Federal Maritime Commission (FMC) on Monday voted to launch an investigation into the liner carrier industry's practice of assessing de...
Upcoming elections a cue to negotiate NAFTA quickly, Lighthizer says U.S. Trade Representative Robert Lighthizer during the closing NAFTA Round 7 press conference in Mexico City on Monday voiced the need for ...
ITC: U.S. welded pipe producers harmed by imports The U.S. International Trade Commission (ITC) has determined there is a "reasonable indication" that domestic producers of large diameter p...
Executive Moves: UPS and BDP International UPS has appointed Jim Barber to chief operating officer. He most recently served as president of UPS International since 2013, with respon...
Trump nominates Fuchs, Schultz to STB President Donald Trump has nominated Patrick J. Fuchs and Michelle A. Schultz to serve five-year terms as members on the U.S. Department of...
RoadOne acquires Jarvis Trans RoadOne IntermodaLogistics said it has acquired the New England regional intermodal transport services provider Jarvis Trans Inc. Financia...
Transpacific contract rate outlook appears foggy Beneficial cargo owners (BCOs) and other industry experts are divided over what direction contract freight rates in the transpacific trade ...
NEWS FLASH: FMC initiates detention, demurrage investigation The Federal Maritime Commission (FMC) on Monday voted to launch an investigation into the liner carrier industry's practice of assessing de...
YPF inks MOU with Statoil as drilling picks up in Argentina shale Argentina's state-run energy company YPF and Norway's Statoil have signed a memorandum of understanding to look at opportunities in Argentina's oil and natural gas sector, a company source said Tuesday, as more companies bet on the country's shale for production growth.
Chevron raises Permian production outlook as it adds acreage US oil major Chevron raised its outlook for Permian Basin production and reserve growth through 2020 as it reduces costs, adds acreage holdings, and increases well efficiency, company executives said Tuesday on Chevron's 2018 analyst day webcast.
CERAWEEK: Russia not joining OPEC, but wants relationship maintained: minister Russia is not seeking to become a member of OPEC, but will continue working closely with the producing group
CERAWEEK Permian output may double within five years: Texas regulator Oil production in the Permian Basin could more than double within five years, Texas Railroad Commissioner Ryan Sitton said in an interview on the sidelines of CERAWeek by IHS Markit.
CERAWEEK: US regulators now a partner to oil and gas producers: Zinke US Interior Secretary Ryan Zinke told a major energy conference Tuesday that the Trump administration was actively working to boost oil and natural gas production by easing regulation and opening up more federal lands and waters to drilling.
Bunkering resumes at Gibraltar, Algeciras as bad weather eases Bunkering operations have resumed at the ports of Gibraltar and Algeciras in the west Mediterranean following their suspension due to poor weather, spokesmen for the port authorities confirmed Tuesday.
Winter weather delays discharging of LPG cargoes in Mohammedia, Morocco Bad weather in the West Mediterranean has delayed discharging of VLGCs carrying butane to Morocco, the largest consumer market for the product in the region, according to market sources.
Oil futures nearly flat ahead of weekly US inventory data Oil futures were little changed Tuesday, tracking fluctuations on the US stock markets between positive and negative territory as traders await further signs about the White House's direction on trade policy.
External: Marine Bunkering(Rotterdam)B.V.
FOB Singapore 10 ppm cash differential flips to negative territory on soft demand There is lacklustre demand for 10 ppm gasoil in the region, due to less demand or there being limited outlets, a trader said
Malaysia's MISC probed for alleged power abuse, bribery: report MISC said the company was extending its fullest support and co-operation to the MACC.
Dubai crude structure dips into contango in well-supplied spot market The spread between May cash Dubai and same-month Dubai swaps flipped into a contango of 5.5 cents/b Monday, Platts data showed.
Brent/Dubai calendar 2020 spread widens to record high as market prices in IMO regulation Demand for distillate-rich grades to make LSFO to meet the new specs set forth by the IMO is also expected to increase, sources said.
Tanker voyage marks start of 20 year Cheniere-Gail deal The LNG tanker was scheduled to set sail a ceremony Monday to mark the occasion at Sabine Pass.
FUTURES: Crude inches up on positive demand outlook In its latest report, IEA forecast that global oil demand will climb to 104.7 million b/d in 2023 from 97.8 million b/d in 2017
Iran wrestling to bolster oil market share Iran is offering a discount in freight rates to Indian refiners while in China it is selling crude in the local Yuan currency.
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