Yildirim closes in on US port investment Robert Yildirim believes his company can use its expertise to improve US terminal productivity
Terminal talks in Djibouti raise questions Local media claims the Djibouti government is in talks with French carrier CMA CGM about a new 2.4m teu capacity...
Sovcomflot secures $252m financing for dual-fuelled tankers Sovcomflot completes the financing deal with ABN AMRO, BNP Paribas and others for vessels due in 2018 and 2019.
High US refinery runs to support MR earnings As Brazilian fuel imports fall, US exports to other destinations may boost tonne-mile demand
The Interview: Andrew Taylor New chief executive takes over from industry legend Hugo Wynn-Williams next month. And despite 2016's failed merger talks with Britannia...
Maersk Honam still burning one month on Burning boxship heading for Jebel Ali to discharge cargo
IMO unable to agree early on a carbon strategy The IMO's intersessional Working Group has not reached an agreement on the strategy, including any kind of decarbonisation targets.
Yard Talk | Can we blame the South Korean plan? The plan will hit a nerve of many foreign shipping players
The price of going green Cargo owners will soon be able to show their green shipping credentials, but it will not come cheaply
Shipping Minster pledges to plug UK gender pay gap More than 50 companies with maritime links published their gender pay reports by Wednesday's deadline
Callimanopulos contemplates the realities of a comeback Legendary Greek owner is ruefully aware of today's industry challenges as he mulls his next step after relinquishing Toisa fleet.
South Korea seeks buyers for DSME The timing of the sale will depend on market conditions as well as DSME's business normalisation efforts
Trade war threatens US reefer export volumes Concerns raised about transpacific backhaul volumes
Methanol's role in the future marine fuels mix
Wall St Note | Looming crisis for Danaos shareholders Danaos has a massive debt load, a tiny market capitalisation controlled by company insiders, and several lucrative long-term charters, all...
Late Chinese New Year drives February box traffic Analysts expect full-year box growth of up to 5% in 2018
Hyundai Merchant Marine poised to announce 20 megaship orders Deal includes a dozen 23,000 teu and eight 14,000 teu ships to be built at South Korean yards
Attacks on non-Saudi vessels unlikely in Red Sea, Dryad says Threats to merchant shipping around Yemen have been evident for more than a year, where the government, backed by a...
APL expands guaranteed service Transatlantic and Oceania added to Eagle GO. Guaranteed product
US eyes up to $100bn of extra tariffs on China The US and China play a large role in global trade, production supply chains and investment, and their policy actions...
IMO proposes compromise on CO2 cuts New proposal for 50% emissions reductions by 2050 receives tough reception amid insistence of no targets by Brazil, Saudi Arabia...
Navios Acquisition completes leaseback deal on four tankers Six-year lease will result in refinancing of $71.5m in existing bank debt.
ICS tells nations get on ball for CO2 rules Shipping trade group says largest flag states should follow the example of smaller peers to push regulation.
Fredriksen takes bigger piece of Avance Gas Entities linked to Norwegian shipping magnate boost stake in Oslo-listed VLGC owner as rates hit 6-month lows.
Star Bulk shares given a boost Value of New York-listed bulker owner's shares upgraded almost 10% based on financial performance and efforts to lower debt.
Sorensen seeks equity for new suezmax tanker venture Former Nordic American finance chief behind project looking to raise $80m for up to eight newbuildings.
Clarksons executive bonuses rise after stronger profit Improved profit at Clarksons in 2017 has been reflected in higher bonus payments to its leading executives. It comes after a review of executive pay at the world's largest shipbroker following opposition from around one quarter of votes cast on 2016 remuneration at its previous annual general meeting. Andi Case: 'Time to look seriously at tankers' According to Clarksons annual report, chief exe
2Go merges with parent Nenaco Philippines ro-pax group cutting costs through share swap.
Trafigura now loading suezmaxes in US Gulf Switzerland-based trading house says modifications to existing infrastructure allow it to load bigger ships.
Laid-up Greek ro-pax springs a leak NEL Lines vessel repaired after taking on water at Perama.
Sovcomflot fixes $252m aframax financing Russian owner taps banks including ABN Amro, BNP Paribas and KfW to fund LNG-fuelled tankers.
Seatrade succeeds in 'surprise' charter row appeal UK high court judge examines dictionaries to help with question of whether warranty applies to both free entry and exit from berth.
AP Moller Holding taps Blackstone for new executive Jan Thorsgaard Nielsen recruited to work alongside Robert Uggla and Martin Larsen.
Golden Energy Offshore extends PSV deal Restis company keeps Energy Scout busy with Total in Nigeria.
Grieg Star turns deeper red as ship broking results rise Growth in Norway and Asia for Grieg Shipbrokers in 2017 as group enjoys "good year overall".
UPDATE: Dof seals three more Atlantic contracts Norwegian owner fixes out OSVs for decommissioning and ROV campaigns.
Genting halves 2017 loss as revenue grows Malaysian cruiseship group benefits from more capacity.
MMT stretches deal for Mokster OCV Swedish company adds 18 months to Stril Explorer's charter.
Vinalines seeks to delay IPO again Vietnamese shipowner wants another two months to finalise share sale.
South Korean reforms more than just orders Initiatives will also include efforts to improved owner liquidity as well as protectionist measures.
China soybean tariffs unlikely to hurt shipping, says AXIA Axia Capital Markets analyst says move is more likely designed to hurt Trump voters than bulkers.
Wilhelmsen, KONGSBERG launch autonomous shipping JV Norwegian maritime service provider Wilhelmsen and KONGSBERG, a logistics technology firm also based in Norway, have partnered to create a ...
Crowley expands Miami Warehouse Crowley Logistics said it opened a newly expanded Medley warehouse in Miami this week to provide improved service to South Florida customers...
AAR: U.S. rail traffic full speed ahead in March Total combined U.S. freight railroad traffic in March 2018 increased 5 percent to 2.13 million carloads and intermodal units compared with t...
IATA: Air cargo growth continues in February Global air cargo volumes climbed 6.8 percent in February 2018 compared with the same month the previous year, according to the latest data f...
U.S. dumping duties set for tool chest imports The Commerce Department has finalized increased duties for imports of Chinese and Vietnamese tool chests and cabinets, which it has determin...
APL expands footprint of guaranteed container loading service APL will offer shippers its "Eagle GO. Guaranteed Service" on more routes. For a premium rate, shippers can be guaranteed equipment and ve...
U.S. farm products targeted by Chinese tariffs Farmers across the United States are on the front lines in the developing trade war between the U.S. and China....
OPEC March crude production tumbles: Platts Survey
OPEC oil output in March fell to 32.14 million b/d, its lowest level in 11 months, led by declines in seven out of the 14 member countries, an S&P Global Platts survey of OPEC and oil industry officials and analysts showed Friday.
Russian 2018 oil, gas output seen roughly flat at last-year levels: Novak Russian oil and gas production and exports are expected to stay at roughly last year's levels in 2018
Russia raises expectations of 'timeless' OPEC alliance Growing rhetoric that OPEC and Russia will strengthen their alliance in a permanent partnership to manage oil production might put more pressure on the coalition as it tries to plot its next move in a tightening oil market.
US sanctions Gazprom CEO Miller, Surgutneftegaz Director General Bogdanov The US has imposed new sanctions against Russian state-owned Gazprom's CEO Alexey Miller, Surgutneftegaz Director General Vladimir Bogdanov, major aluminum producer Rusal, and several other Russian individuals and entities in response the "totality" of Russia's aggressive actions, including in Crimea, Syria and "ongoing malicious cyber activity," a senior Trump administration official said Friday.
Oil sinks as trade rhetoric continues between US, China Oil futures tumbled Friday as tough talk between political leaders in Washington and Beijing on tariffs sparked a risk-off rally across global financial markets, dragging both equities and commodities lower.
European cutterstock availability tight, boosting RMG outlook The availability of cutterstocks, used to produce on-specification RMG fuel oil, has dwindled in the Mediterranean and Northwest Europe, creating a more bullish atmosphere for RMG 380, market sources said.
Japan 380 CST bunker premium sinks to 5-month low on ample supply, modest demand Ample supply of bunker fuel in Japan's Tokyo Bay coupled with modest demand has seen the Japan-delivered 380 CST bunker premium finishing the week at five-month lows.
Fuel oil hi-lo narrows to 2-month low on lackluster LSFO demand The physical fuel oil hi-lo spread -- the premium of 1% FOB Northwest Europe fuel oil cargoes over 3.5% FOB Rotterdam barges -- has narrowed to $3.25/mt, its weakest level since February 5, according to S&P Global Platts data, due to slack Mediterranean demand for low sulfur product.
South Korea to order 200 new ships over next 3 years: report South Korea is planning to order around 200 new vessels in the next three years in an effort to shore up the country's beleaguered shipping and shipbuilding industries, which have been struggling following the collapse of Hanjin Shipping as well as weak global demand, South Korea's Yonhap News Agency reported Thursday.
Istanbul-Piraeus bunker spread narrows to 4-week low The usual premium of bunker fuel at Istanbul over its equivalent at Piraeus narrowed to its lowest point in a month Thursday, amid soft demand at the Turkish hub and pressured logistics at the Greek port.
ARA fuel oil stocks plummet 21% on departure of delayed VLCC Inventories of fuel oil stored in the Amsterdam-Rotterdam-Antwerp region sank 21% to 839,000 mt in the week ended Wednesday, latest data from PJK Consulting showed, due to a delayed VLCC loading and finally departing the Dutch port of Rotterdam.
FEATURE: IMO prepares for showdown over shipping decarbonization "It may sometimes look from the outside that the IMO is a feet-dragging body."
ANALYSIS: Mixed market reaction seen from Asian traders to sour crude OSPs "Kind of funny, it raised [the differential for Arab] Light, but cut [that for Arab] Super Light," a regional crude oil trader said.
FUTURES: Crude remains weak on heightened trade war tensions "US crude oil production continued on a seventh week build in production levels thus keeping upside pressure on crude oil prices," a Phillip Futures analyst said.
Bunker availability at Durban eases as Engen refinery maintenance ends Spot prices were unaffected as the anticipated increase in volumes had already been priced in.
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