Evergreen orders eight 11,000-TEU newbuild containerships Evergreen Marine Corp. on Thursday placed an order with Samsung Heavy Industries to construct eight 11,000-TEU containerships, the Taiwanes...
EU, China request WTO consultations over U.S. safeguards on solar cells The European Union and China this week issued separate requests for dispute consultations at the World Trade Organization (WTO), after the ...
German shippers take on rising cargo thefts German business associations say they are fed up with an increase of cargo thefts throughout Germany and have launched a joint initiative t...
Port of Brownsville receives its largest-ever vessel The Port of Brownsville, a Gulf of Mexico seaport located at the southernmost tip of Texas, set a record recently when it received the m/v ...
CMPort buys 50% share in Port of Newcastle China Merchants Port Holdings Co. (CMPort) on Feb. 6 entered into an acquisition agreement under which it is buying a 50 percent interest i...
UPS adds midday overseas freight delivery service UPS has started an international guaranteed midday freight delivery service for cargo originating in 71 countries and shipped to 35 destina...
Tennessee company agrees to $500,000 settlement to resolve AD duty evasion allegations Home Furnishings Resource Group (HFRG) agreed to pay $500,000 as part of a settlement to resolve allegations it violated the False Claims A...
XPO earnings keep on trucking in 2017 XPO Logistics reported a net income of $312.4 million for the full year in 2017, a sharp increase from a net income of $63.1 million the pr...
Sen. Scott drops holds on USTR nominees Sen. Tim Scott, R-S.C., on Wednesday released his holds on U.S. Ambassador to the World Trade Organization nominee Dennis Shea and Deputy U...
UK FORTIES PIPELINE RESTARTS OIL FLOWS AFTER PLANT OUTAGE: INEOS The UK's Forties pipeline, the country's main oil supply artery, was being restarted Thursday after an outage at a processing plant the day before, the facility's operator, Ineos, said.
US shale oil output rise may not trigger price drop amid robust demand: Sieminski A strong global economy in the years ahead may be enough to absorb expected growth in US shale production and stave off any price crash, Adam Sieminski, the former head of the US Energy Information Administration, said Thursday.
Crude declines unabated, despite oversold conditions Crude futures fell Thursday for the fourth straight session as US equities resumed steep declines, keeping alive a risk-off rally that has placed selling pressure on oil prices.
Tanker owners brace for stormy 2018 as freight rates plummet Freight rates for crude oil tankers have nosedived so far in 2018 and are likely to remain depressed in the near term, weighed down by fleet growth and ongoing production cuts by OPEC and non-OPEC producers, industry sources said Thursday.
Millions of barrels of crude to be sold from US stocks in budget deal The US Congress is poised to approve a budget deal Thursday which mandates 100 million barrels of crude oil to be sold from the Strategic Petroleum Reserve and authorizes sales of another $350 million worth of government-owned crude.
ICE Brent futures' drop fails to encourage bunker buying in NWE Bunker prices in Northwest Europe plummeted Wednesday tracking the falls in ICE Brent futures, but this has failed to entice buyers.
Bunker tanker owner Sinanju completes bunker barge fleet expansion in Singapore Fleet expansion was to meet the growing fuel needs of ships bunkering in Singapore, Sinanju said.
Thailand's Precious Shipping prepares for upcoming environmental rules "You can't have people cheating...in the absence of a level playing field and a carriage ban, there won't be any incentive for good ship owners to comply," Hashim said.
S Korea's HMD to deliver world's first ballast-free LNG bunkering ship in 2018 LNG will be stored in independent IMO type C tanks and transferred to an LNG-fueled vessel at about 1,250 cu m/hour through cryogenic flexible hoses without ballasting and/or de-ballasting operations.
Brightoil Singapore waits out investigation of 2 crew suspected in MGO theft The duo were arrested on Monday for allegedly transferring 45 mt of marine gasoil to a tugboat off Bedok jetty on the same day.
External: Global Risk Management
Germany's Oldendorff posts 30% rise in 2017 bunker purchases to 3.5 mil mt The increase comes on the back of a bigger fleet and the company's positive outlook on global trade.
Maersk IBM blockchain initiative attracts Agility as freight forwarder Agility will identify events associated with individual shipments and share and receive information about them using blockchain.
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