Allcargo signs MoU with JNPT & CIDCO to enhance employment opportunities for underprivileged youth in port & maritime logistics
CMA CGM successfully loads its first smart container in India
NYK enhancing its LNG transportation
Third edition of shipping cyber risk management guidelines published
India needs to map its supply chain, draw master plan for non-major ports & bring about regulatory changes to boost coastal shipping, workshop told
Paradip Port Trust conducts mega mock drill at north oil jetty
Rotterdam port incentivising break-bulk segment
Ministry of Shipping approves INR 156 cr. freight village in Varanasi
Immediate resolution of the issues & challenges faced by the exporting community will help the sector achieve higher double-digit growth: FIEO President
India & UAE sign currency swap agreement
New agriculture Export Policy aims to double shipments
China-US trade truce to allow sale of more American goods on mainland
China big yet not powerful in shipbuilding, says CSSC researcher Bao points out that the governments in South Korea and Japan are no slouches in providing policy support for domestic...
Indian scrapyards fail to make initial cut of EU-approved facilities With the addition of the six new yards, the EU-approved list now comprises 26 facilities
Shipping industry publishes revised cyber security guidelines The latest cyber security guide follows the recent survey from the Global Maritime Forum that highlighted the issue as shipping's...
Tanker market faces 'limited impact' from Opec cuts Current supply-demand dynamics in the tanker market mean any supply cut is not necessarily bearish
Mehrotra seeks to add secondhand tonnage on rising Indian imports Executive chairman Ravi Mehrotra says he wants to buy another five VLCCs
Last civilian migrant rescue ship ends operations MSF claims Aquarius has assisted 30,000 people in the Mediterranean Sea since February 2016
Autonomous shipping set for next step on the journey Finferries' vessel Falco has been operated autonomously and controlled remotely. It is the next step in progress towards a digital...
Oakland's exports boosted by scrap paper The demand for paper is driven by increasing urbanisation and middle class population growth, accompanied by a surge in literacy...
US state fines MSC for breach of 'At-Berth' regulation CARB reports a significant fine for infractions of its At-Berth regulation and announces a new measure called the August 2018...
Box data illustrates transpacific peak season strength Eastbound transpacific trade grew more than 7% in October compared with last year, as Asia-Europe traffic increased by nearly 6%...
MOL wins major FSRU contract in Indonesia The FSRU, with a 170,000 cu m storage capacity, was ordered at South Korea's Samsung Heavy Industries
US intermodal cost surge will impact new contract season Maersk will offer premium services for shippers wishing to avoid demurrage fees, but they will come at a cost
The Lloyd's List Podcast: The future of salvage Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
Lloyd's List Outlook 2019: LPG The market is just past the cyclical nadir and on an upswing
NYK orders two large LNG carriers Japanese shipping giant says the deal fits into its new medium-term management plan that seeks stabilise freight rates by using...
Daily Briefing LNG trio plot new 'Cool Company' fleet of 16 vessels|MSC recommits to IMO targets as Maersk raises emissions bar |...
Top 10 classification societies 2018 Ahead of our annual Top 100 People ranking, we take a look at the top 10 classification societies. This year...
Top 10 shipmanagers 2018 As part of our 2018 Top 100 most influential people in shipping series, we look at the very best shipmanagers...
Scorpio secretary steps down There has been a change at the top of the Scorpio group. In Securities and Exchange Commission filings Friday afternoon, it was announced Anoushka Kachelo had stepped down as the secretary of both Scorpio Tankers and Scorpio Bulkers effective Wednesday. Fan Yang, who joined the companies in February, will take over the role. Kachelo joined the group in September 2010 as senior legal counsel, ac
Diana debt now trading in Oslo Diana Shipping's newest round of bonds are now trading in Oslo. The Simeon Palios-led bulker owner confirmed the move in a Securities and Exchange Filing Friday afternoon. Diana Shipping: Scrubbers not 'attractive investment' In September, the New York-traded company issued $100m in senior unsecured bonds, set to mature in 2023. The move also cleared previous debt. For the third quarter, Diana
Opec-led output cut expected to hurt tanker demand Opec and its Russia-led partners will reduce oil supply by 1.2 million bpd in the first half of 2019
Zhenjiang Shipyard buying bankrupt rival China's Zhenjiang Shipyard has agreed to buy bankrupt rival Jiangsi Shenghua Shipbuilding. Marketline reported that the yard has struck a deal with Zhenjiang High-tech Zone Development Group to acquire the assets. Shenghua was known for building bulkers and tankers The acquisition will enable Zhenjiang Shipyard to build specialised vessels.
Nordic American Tankers closing final chapter in $100m suezmax selloff Nordic American Tankers (NAT) is poised to close the sale of its last two ships built in the 1990s. New York-listed NAT announced earlier this month the 147,262-dwt Nordic Aurora and the 147,888-dwt Nordic Sprite (both built 1999) were being sold. Nordic American Tankers sells oldest suezmaxes Nordic American Tankers pulls DNB backstop Today it told investors the sales are now in the process o
Simon Mokster fitting battery system to PSV Norwegian owner teaming with Eni and Vard to reduce fuel consumption.
Uljanik Plovidba aims for $4m share issue Croatian tanker and bulker owner Uljanik is planning a share placement to existing investors worth HRK 25m ($3.8m). It said the new preferred stock will be priced at HRK 120 each. The cash is needed to reduce its loan exposure in order to boost liquidity and strengthen its financial stability. The shares will have no voting rights, but will pay an annual dividend of 5% of their nominal amount
Qatar Shipping confirms Oriental Energy VLGC charter Qatar Shipping confirms it has fixed one of its VLGCs to China's Oriental Energy for a year. Oriental Energy takes another Qatar Shipping VLGC on charter TradeWinds reported this week Oriental Energy had agreed to pay $570,000 to $580,000 per month to take the 82,000-cbm Al Wukir (built 2008). A Qatar Gas Transport Co (Nakilat) official has now confirmed the contract but did not comment on the
Navantia yard eyeing $432m investment Spanish group to upgrade and add 1,700 workers.
Bankrupt Mykolaiv Shipyard sold for just $4m The assets of Ukraine's Mykolaiv Shipyard Okean have been sold at auction for just UAH 122.19m ($4.3m). The Unian news agency said the buyer was Annona Trading House, according to liquidator Iryna Serbin. The starting price was UAH 1.8bn, but after several failed auctions, this dropped to UAH 1.16bn. The yard built more than 400 ships since it was founded in 1951. But it began to experience fi
Allianz Middle East buying 23 bargain Swissco OSVs Judicial managers of restructuring Singapore owner agree fleet deal with UAE operator.
NYK signs Total charter for Samsung LNG newbuildings Japanese owner inks long-term deal for gas carriers due in 2021.
Unisea tipped for move into capesize bulker market Greek shipowner Unisea is believed to have moved into the capesize market with the purchase of a second-hand vessel from a Japanese company. Unisea Shipping set for first bulker buy of 2018 If confirmed, the acquisition would add a third string to Adam Lemos' bulker bow. Shipbrokers say Unisea has bought the 182,000-dwt Frontier Coronet (built 2011) from Fukujin Shipping of Japan for $29m. The
PGS sues Polarcus in Australian patent row Middle East seismic survey player Polarcus is being sued by rival Norwegian owner PGS in an Australian patent row. The Oslo-listed shipping company said it has accepted service of court proceedings filed by PGS Australia relating to the acquisition of seismic data on three surveys in Australia, and the processing of that data. The proceedings follow three years of intermittent correspondence fro
Fjord1 launching buyback to reward bosses Norwegian ferry group Fjord1 is buying back stock to award to its top management. The Per Saevik-backed owner said it can repurchase up to 3.2m shares worth NOK 139.2m ($16.33m) at the current price of NOK 43.50. But for the purposes of the reward scheme, it will acquire up to 110,000 shares by 20 December. These will be given to managers under its bonus scheme, which stipulates half of any awa
Awilco LNG reveals sector consolidation talks Norway's Awilco LNG has said it is working with other LNG carrier owners on a consolidation plan for the industry. The aim is to establish "a consolidated LNG shipping structure that may offer scale and create commercial and financial synergies," it added. It was responding to reports that cooperation may be on the cards in the booming sector. No agreement has yet been reached, however, and Awi
Second Five Stars Shipping capesize sold online A long-idled capesize has been sold online in the first round of a Chinese court auction.
Singapore regulator block Noble Group's re-listing Monetary authority and stock exchange cite "significant uncertainties" for decision.
Mitsui OSK Lines scoops Jawa-1 FSRU contract Indonesian gas-to-power project set to be all Japanese affair after MOL confirms deal.
Star Bulk makes purchase under share buyback Petros Pappas-led bulker owner picks up 13,325 shares under $50m programme.
Act sets FMC sights on shipping alliances, H&K partner says The new Federal Maritime Commission Authorization Act signed into law by President Donald Trump Tuesday takes aim at carrier alliances and recent consolidation in the shipping industry, says Holland & Knight partner Christopher DeLacy. Maritime lawyer moves up at Holland & Knight In a blog post, DeLacy said the act directs the Federal Maritime Commission (FMC) to crack down on anti-competitive p
ITC told U.S., Japan should discuss drawback, CTPAT Robust customs provisions as part of any agreement would play a crucial role in bilateral trade, industry members said during an International Trade Commission hearing.
Pelosi raises USMCA enforcement in Lighthizer meeting The likely future House speaker indicated she is examining labor and environment provisions to determine whether they will be enforceable in practice.
BDP International partners with Greenbriar Equity Richard J. Bolte Jr. will remain CEO of the Philadelphia-based global logistics and transportation services company.
Commentary: Know your exports Determining the commodity jurisdiction and classification of a product is the most critical component of any export compliance program.
Oil and gas traders fret over elevated risks in US-China trade An unrealistic window for Chinese importers to ramp up purchases of US oil and gas and unstable relations between the countries have elevated the risks of US-China trades
OPEC coalition agrees 1.2 million b/d cuts deal as Iran secures exemption OPEC and its allies led by Russia agreed Friday after a tension-filled week to implement 1.2 million b/d of production cuts
Congress moving toward passage of anti-OPEC bill: sources Congress looks increasingly likely to vote on a bill that would allow the US Department of Justice to sue OPEC for antitrust violations
HSFO backwardation in Med dampens appetite for storage: traders A backwardated high sulfur fuel oil market has deterred some trading houses from renewing storage contracts in the Mediterranean
Oil rally slows as faltering equity markets heighten demand growth fears The oil complex pulled back from intraday highs in Friday afternoon trading as sliding equity markets weighed on crude's early-session surge.
Rotterdam fuel oil crashes to 9-month low as crude futures nosedive The flat price for Rotterdam fuel oil crashed to a nine-month low Thursday, tracking ICE Brent crude futures' crash of $3.54/b on the day.
FEATURE: Rising Rhine waters ease supply for oil products, petchems, coal Levels have not been above 80 cm at Kaub for more than two months, according to WSV data.
Japan, S Korea wary of loading Iran oil in Jan amid insurance puzzle "If someone takes delivery or pays for Iranian crude oil when they do not have an active SRE, that transaction would be sanctionable," a US official said.
Ocean Network Express to levy low sulfur surcharge for Shanghai, Ningbo, Nanjing ports The move comes after China implemented a 0.5% sulfur limit on bunker fuel, starting October 1 in some areas and ports.
FUTURES: Crude remains lower amid OPEC's indecision on output cuts "There were growing expectations of a production cut before Thursday, and despite the meeting, nothing was concluded," an economist said.
INTERVIEW: VLSFO set to be chief marine fuel choice come 2020 - Intertanko senior exec "0.50% sulfur limit compliant fuel oils, as we are told, would be much of a blended type using mixtures coming from many different sources," Wilkins said.
Japan delivered bunker premium dips on incremental supply "Spot volumes for December is slightly more than usual, the middle distillate market is not very good," a source said.
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