More room for consolidation in chemical tanker sector Chemical tanker owners see plenty of room for growth
Shipping receives boost from new gas projects Japan's LNG consumer Jera is looking into floating storage to weather fluctuations in price
Dry bulkers see no effective fleet growth in 2019 Dry bulkers expect high rates for many years
Hull rates hardening in Asia too, says Chandan IUMI committee chair is confident marine insurers will be able to handle any sulphur cap hiccups
Genco to install scrubbers on 17 capesizes The dry bulk owner has options to install scrubbers on another 15 vessels and expects each scrubber to cost around...
Globus Maritime announces reverse stock split The stock split will take effect at market opening on October 15
Sinopec offers owners straight-run compliant fuel, sources say The offered fuel is a residue from the distillation of higher quality crude oil. Sinopec is in negotiations with owners...
Twill launches in Germany The launch in Germany closely follows the decision for the Maersk subsidiary to realign its brand affiliation from Damco to...
Maersk fund invests in US digital freight broker Maersk Growth joins Oaktree, Connor Capital and Chromo Invest in series A funding for New York-based digital freight forwarding start-up
Japan pushes for EEDI changes The third-biggest shipbuilder wants to see 40% more efficient large containers built after 2022 and change the reference line for...
More orders as carriers compete for market share More containership orders are likely as lines compete for market share and political interference hurts carriers' efforts to reach equilibrium
Chelsea Logistics bids to develop Sasa Port Project revived after being shelved in 2016
Hahn & Co completes SK Shipping deal Analysts see dry bulk business as first in line to be pruned
Sponsors of 2020 paper move to counter 'misconceptions' The statement from BIMCO, Intertanko and the Marshall Islands says the co-sponsors of the paper are fully committed to a...
Hapag-Lloyd places major reefer order with Maersk MCI has commenced production of the 8,600 units at its Qingdao manufacturing plant
APL's Sartini confronts the Pacific paradox Next year's contracting season will be a testing time for carriers with no compromise on surcharges, says APL's Nicolas Sartini
Trafigura agrees partnership with IFM Investors Trafigura and IFM will jointly own and operate concentrates terminal infrastructure, fluvial operations, and global freight forwarding and multi-modal transportation...
Daily Briefing Hapag-Lloyd spells out low-sulphur charging mechanism | Global box growth comes to a standstill | BW LPG withdraws Dorian offer...
India opts to buy Iranian crude despite US sanctions New Delhi and Tehran have reportedly discussed using Indian rupees rather than US dollars for purchases
Scorpio Tankers in market for $250m equity raise Owner seeks funding cushion to ride out tepid products stretch.
Okeanis operations chief buys more shares Latest swoop brings Aristidis Alafouzos' share count to 12,800, reflecting a nearly NOK 1m stake.
Drop the Mike? Not this year Wells Fargo analyst Webber sails home with his fourth consecutive title as shipping's top equity analyst.
China's demand can support US LNG projects-but indirectly China's strong LNG demand growth can tighten global balances, leading to other demand sources for US LNG, according to Venture Global LNG founder Michael Sabel
Shipping's lost year in US equity market Bankers seek to explain why investors have brought the pain to sector's "growing pains" experience in New York.
JERA wants more storage in LNG supply chain Japanese energy firm optimises vessel operation to create the effect of "floating storage" while bringing two tanks in Tokyo Bay online, says chairman Hendrik Gordenker.
Genco waiting on IMO 2020 fuel spread Chief executive John Wobensmith wants to see price spread between high-sulphur and low-sulphur fuel oils settle before ordering beyond 17 scrubbers.
Novatek looks to flip its Arctic shipping disadvantage Russian Arctic LNG producer aims to turn freight economics into its favour, says chief financial officer Mark Gyetvay.
Scorpio Bulkers sticks to its guns with kamsarmax deal New York-listed owner inks short period deal with Bunge, brokers say.
Glencore wins bulker fee cut in Australia Competition body tells Newcastle port to reduce charges by 20% in row over costs.
US master on trial over cruiseship emissions French court begins hearing into alleged breach of sulphur limit on P&O's Azura.
BC Ferries seeks yard offers for five newbuilds Canadian owner goes global in its latest bid for fleet renewal.
Genco confirms $34m capesize scrubber plan Bulker owner also reveals options to fit exhaust cleaners on 15 smaller ships, but LSFO remains preferred option.
Tanker disabled by engine-room fire off US USCG begins probe after Feng Huang Ao goes adrift off Nantucket.
NYK honours its war dead in Wales Japanese owner erects cenotaph to mark sinking of Hirano Maru by U-boat in World War One.
Trafigura, IFM form bulker terminals JV Fund investing in trading giant's Impala port operations in Mexico and South America.
China pull-back hurting tankers, says Peter Sand Bimco analyst says rumours of Chinese charterers returning to the US market have yet to be confirmed.
VIDEO: Battle on to contain slick from collision Minister condemns ro-pax's 'abnormal behaviour' after boxship clash spilled 600 tonnes of fuel.
AP Moller-Maersk launches latest step in strategic shift New India-focused venture will work with start-ups to fast-track developments.
BP, Eni and NOC resume Libyan offshore exploration Oil companies restarting Sirte basin project suspended in 2014.
Bulker and cargoship collide off Istanbul Turkish vessels involved in incident at anchorage outside Bosporus.
Analysts ask if VLGC takeover drama will deliver another episode Are BW LPG's eyes off Dorian for good or is this week's retreat a negotiating tactic?
Chelsea confirms Marinakis MR buy as spree goes on Dennis Uy company adds Philippines' biggest tanker as part of $100m-plus expansion.
Cosco Shipping Energy stock surges on upgrade Shares in Cosco Shipping Energy Transportation enjoyed a boost today following an upgrade from CICC. Stock in the Chinese tanker heavyweight surged on high volumes after analysts at the bank raised its rating from hold to buy, Bloomberg reported. Its shares climbed to a high of HKD 4.45 ($0.58) each on Tuesday and were trading up over 4% at HKD 4.38 each at the time of writing. Almost 16 mill
Big Greeks sell large tankers for scrap New Shipping and Avin International sell ageing units amid active and uncertain demolition market
Gazprom orders OSVs at Zvezda yard Three offshore ships and a shuttle ferry to be built at new Russian facility.
Vandenbulcke steps up as DEME CEO Long-serving deputy COO takes top job at Belgian owner.
Color Line flag switch could endanger 700 jobs Proposal to change to NIS register would free owner to bring in overseas crews.
ICTSI wins approval for Manila terminal expansion Philippine port operator says work will also enable it to deal with the increasing impact of weather related issues.
B Riley FBR starts Eagle, Scorpio and Genco with buys After trio of MLPs, California-based investment bank rolls out coverage of dry bulk sector.
Miyazaki Sangyo hopes for better luck in capesize sale Japanese bulker said to be coming near to the end of her re-delivery period after 12 month charter.
Crude edges higher as Gulf Coast production braces for Hurricane Michael US crude futures settled higher as suppliers worked to shut in Gulf Coast production ahead of the approaching Hurricane Michael.
Lowest volume traded in NWE HSFO barge MOC in 2018 amid tight availability Strong backwardation in the Northwest European fuel oil market as a result of scant supply saw just 2,000 mt traded in Monday's 3.5% FOB Rotterdam barge Platts Market On Close assessment process, the lowest volume in 2018.
Total halted Iranian crude imports in July: CEO Pouyanne French oil major Total stopped buying Iranian crude to supply its refineries in July due to lack of banks willing to handle the transaction ahead of US sanctions on Tehran which come into force next month, the company's CEO Patrick Pouyanne said Tuesday.
US Coast Guard closes three southeastern US ports to incoming vessels as Hurricane Michael bears down The US Coast Guard declared port status X-Ray for three southeastern ports of Savannah, Georgia; Charleston, South Carolina and Wilmington, North Carolina, ahead of the arrival of Hurricane Michael, which is expected to make landfall early Wednesday afternoon in Pensacola, Florida, according to the agency's website.
Suezmax freight rates surge on tight VLCC availability A tight position list for VLCCs in the Caribbean and the Middle East amid strong fuel oil demand has caused a surge in Suezmax freight rates, with Suezmaxes now even reaching lumpsum rates seen on VLCCs earlier in the year.
Strong Rotterdam HSFO demand highlights disconnect from bunker market
Malaysia's Petronas gears up for new investment cycle The additional cash gives Petronas further financial flexibility to either increase reserves or undertake longer-term projects like LNG Canada.
India ups pressure for Iran sanctions relief while US sticks to hard line We continue to discuss our Iran policy with our counterparts around the world, an official said.
BIMCO to develop hull underwater cleaning standard for shipping The standard was expected to be finalized in the autumn of 2019.
INTERVIEW: VLSFO to be main marine fuel choice as IMO 2020 looms: Cockett Group CEO The bunker industry is also ripe for consolidation, partly due to the 2020 rule.
External: Global Risk Management
IEA lifts renewables forecast for Europe, but China continues to dominate China continues to dominate global renewable energy growth, responsible for over 400 GW of the IEA's 2018-2023 forecast.
Hapag-Lloyd announces new mechanism for bunker charges as IMO 2020 looms MFR is based on a formula that combines consumption with market prices for fuel oils.
FUTURES: Crude rises despite likely stock build amid supply concern Preliminary data on last week's US inventory data is due for release from the American Petroleum Institute later Tuesday.
FEATURE: Forward paper derivatives shine some light on HSFO's value post IMO 2020 The value of crude in 2020 would be an influential factor in determining the competitiveness of HSFO.
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