China import boost will benefit shipping amid trade tensions, says Cosco chairman Remarks come after President Xi pledges to ramp up China's inbound cargo to more than $30trn in the next 15...
Tanker doldrums push Navios Acquisition to wider loss Angeliki Frangou-led owner sees positives in recent tanker rate surge and in metrics of proposed merger with Navios Midstream
Japan takes South Korea to the WTO over shipbuilding subsidy spat Case documents claim Korean banks have collectively propped up ailing yards, providing more than $10bn to DSME alone since 2015
New kids on the blockchain Competition is good, but rival systems seeking to dominate standards will lead to a fractured market that will not serve...
Finnlines profit rises along with capacity The company's programme of lengthening vessels will be completed by the end of the year
Leading carriers launch new blockchain platform Ocean Alliance members and Yang Ming team up to provide alternative to Maersk and IBM's TradeLens blockchain solution
Turkey says sanctions on Iran are 'unbalancing the world' Issues 'will be put on the table' at a summit in Paris on November 9 which President Donald Trump is...
Dry bulk options trading rises ahead of IMO 2020 More sophisticated funds are now using options in shipping, says brokerage Freight Investor Services
Asia-Europe box traffic sees strong quarter Positive trade numbers on both the Asia-Europe and transpacific routes contributed to a 4.2% increase in global box traffic, according...
ICS asks if STCW Convention 'is still fit for purpose' Poulsson suggests a more modular approach to competency accumulation and certification may be needed
From the Newsdesk: Five things to look out for this week This week: Why future fuels solutions require more forward thinking investment in research, why regulatory reform is in the air...
Matson boosted by strong transpacific rates Matson's revenues rise despite lower volumes and higher fuel costs as US line remains optimistic for the remainder of the...
Reederei Nord partners with Synergy on N2Tankers pool The shipowning and operational expertise of the respective Oldendorff and Abe family companies will come under one central umbrella administration for...
Aegean Marine Petroleum files for Chapter 11 restructuring The New York-listed beleaguered bunker supplier enters this process with the support of Mercuria Energy Group
Daily Briefing Idan Ofer eyes up BW's chem tankers | China talks up trade prospects | India's cabotage controversy | Hamburg down...
Singapore offshore services firms act to regain financial health Remedial measures include a combination of new investment and court protection from bankruptcy proceedings as they try to get back...
US warns maritime industry against supporting Iran The US objective is to starve the Iranian regime of the revenue it allegedly uses to fund violent and destabilizing...
GC Rieber seeks $29.4m for Schlumberger business Irene Waage Basili-led Shearwater GeoServices in August announced plan to acquire WesternGeco for undisclosed sum.
Market and internal woes nearly sank Aegean in June Court papers describe the year-long collapse of the former bunker giant amid a weak market, a failed transaction and lender worries over internal controls.
Navios Acquisition 'agnostic' on scrubbers Chief executive Angeliki Frangou says New York-listed tanker owner will install the devices if customers foot the bill.
Borealis Maritime linked to Technomar boxship Borealis Maritime continues to grow its fleet of traditional panamax boxships. The UK-owner has reportedly paid in excess of $14m to purchase the 4,249-teu Argos (built 2012) from Greek-owner Technomar Shipping. Brokers describe the price as "very firm" in comparison with slightly older tonnage close to being sold at around $12m. That has fuelled speculation that the deal was concluded earlier
VIDEO: Crew, pilot rescued from grounded cement ship SMT's Fjordvik got stuck in Icelandic harbour.
Navios Acquisition posts deeper loss, misses estimates Angeliki Frangou-led tanker owner saw less third-quarter revenue due to lower rates and VLCC sale.
Fugro partners with L3 ASV for autonomous vessels The first unmanned surface vessel (USV) for commercial survey is expected to be delivered in next year's second quarter.
Top Ships re-fixes product tanker to BP Greek owner clinches two more years of work worth $10m.
Aegean owes more than $250m to bondholders Bankruptcy filing shows bond tranches maturing last week and in 2021 are easily the largest unsecured obligations of bunkers player.
Japan escalates war over South Korean shipyard subsidies Japan has filed a complaint to the World Trade Organisation against South Korea.
Big box lines hold hands into blockchain future CMA CGM, Evergreen and others team with terminal groups and CargoSmart to develop global transactions platform.
GC Rieber wins four-month CSV charter Norway's GC Rieber Shipping has clinched a new charter for its construction support vessel (CSV) Polar Queen. The 6,300-dwt ship (built 2011) will work for four months for an unnamed European client. There are options to extend for another month. The project is the same one that it was engaged in during the summer. The job in the UK sector of the North Sea will see it perform accommodation ser
Hyundai Heavy appoints twin presidents to replace Kang Mipo boss and HHI shipbuilding CEO make the step up.
Wilhelmsen signs regulatory deal for autonomous shipping Norwegian ship manager developing operational framework with DNV GL and others.
Sunken Sanchi on new US sanctions list No one could accuse the US of not being thorough when it comes to newly re-imposed sanctions against Iran. The government has even gone to the lengths of including NITC's 164,000-dwt tanker Sanchi (built 1998) on the list published on Monday. In reintroducing the measures, however, it has been overlooked that the suezmax exploded, burned and sank in January after a collision with a bulker, killi
Oldendorff and Nissen aframax pool up and running The Oldendorff and Abe families have launched their N2Tankers pool for aframaxes. It has been formed by Reederei Nord and Nissen Kaiun Co's shipmanager Synergy Marine and will oversee a modern fleet of 13 Japanese-built crude ships, as first reported by TradeWinds last month. Nord and Nissen team up to launch N2Tankers The operation will be run out of Amsterdam and Singapore and is conducting t
ADS denies aframax sale to compatriot Chairman Bjorn Tore Larsen of Arendals Dampskibsselskab (ADS) has denied reports that it has sold an aframax tanker. The 107,000-dwt ADS Oslo (built 2003) was said to have gone to another Norwegian owner for a firm $11.7m. "The reports are pure nonsense," Larsen said. ADS bought the ship as Pacific Leo from Japan's Iino Marine for $21.8m in March 2014. Robert Hvide Macleod, the chief executive
Stena says MR tanker deterred pirate attack Swedish owner's vessel warned off Red Sea gunmen with flares.
Aegean Marine files for Chapter 11 restructuring Partner Mercuria Energy providing $532m of financing as bunker group also launches sales process after fraud allegations.
Dalex Shipping denies move into supramax market Executives dismiss reports of debut deal at a time compatriots are busy building their exposure to the market.
ICS suggests STCW Convention is not fit for purpose Top industry body's chairman calls for a comprehensive review of the convention to meet current and future requirements.
Krasnaya Kuznitsa eyes merchant ships with $459m push USC ploughing cash into Arkhangelsk yard.
Hoegh FSRU starts commissioning in China Norway's Hoegh LNG Holdings has said its newbuild Hoegh Esperanza has started commissioning for FSRU operations in China. The 170,000-cbm ship has now arrived at the Tianjin LNG terminal. It is on a three-plus-one year FSRU/LNGC time charter with CNOOC. The vessel will be used in FSRU mode for a minimum period each year, with the balance of the year in LNG carrier mode and/or FSRU mode. Hoegh
Ship Finance strikes $400m leaseback deal Asian institution financing four 14,000-teu boxships acquired by Fredriksen company in May; frees cash for more buys.
Daesun wins Namsung Shipping feeder order Korean owner picks domestic yard for first newbuildings in two years.
CBP to require advance manifest for truck shipments Starting in January, carriers will be fined $5,000 for first offenses and $10,000 for subsequent violations.
German carrier sentenced for oily bilge dumping A U.S. District Court in Portland, Maine, ordered MST to pay a $3.2 million fine and implement an environmental compliance plan for its vessels.
Ocean carriers, terminals initiate blockchain group CargoSmart CEO says the consortium provides an opportunity "to transform the shipping and logistics industry and elevate supply chain processes."
Matson's higher earnings in line with expectations
Sempra seeks LNG export projects' boost from additional Total tie-up French energy company Total may buy up to 9 million mt/year of LNG from two export terminals being developed by Sempra Energy.
Cheniere ramps up feedgas flows to Corpus Christi LNG export terminal Feedgas flows to Cheniere Energy LNG export terminal in Corpus Christi, Texas, reached their highest level to date on Monday as the company prepares to produce, load and ship its first cargo from the facility.
Iraq ends Iran oil trade and increases Qayara field exports to Turkey Iraq ended its trucked crude to Iran nearly a month ago, multiple Iraqi oil officials told S&P Global Platts, likely leading to Washington turning its cheek to ongoing gas and power trade between the two countries.
S Korea to import around 4 mil barrels/month Iranian oil under US waiver: sources South Korea will be able to import around 4 million barrels/month of Iranian oil under a US sanctions waiver announced Monday, but it will also continue striving to diversify its crude and condensate supply sources, three South Korean sources familiar with the matter told S&P Global Platts Tuesday.
FEATURE: IMO 2020 marine fuel sulfur cap boosts demand for VGO The 2020 International Maritime Organization 0.5% marine fuel sulfur cap changes are starting to shine a spotlight on the feedstocks market, with vacuum gasoil (VGO) expected to be a major blending product in the creation of compliant bunker fuel in time.
Gibraltar bunker operations in Sep at highest since June
Bunker supplier Aegean files for Chapter 11 Mercuria has agreed to provide the company with $532 million to fund the process.
Med HSFO hits firmest level to NWE barges since Dec 2015 amid draws east
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