Tsakos inks $65.2m double sale and leseback deal Tanker operator uses sale of Eurochampion 2004 and Euronike to repay debts and book $16m in cash
Six tips for entering the Americas Awards Been asked to throw together an awards entry by the boss? Don't freak out. Our handy guide to submissions is...
Secondhand bulker values expected to rise into 2019 Handysize vessels will see the biggest gain in values by this time next year and capesize the lowest, according to...
EU must recognise UK tickets after Brexit, British shipping bodies urge Chamber of Shipping and Nautilus seek assurances on standing of seafarer qualifications
Emerging VLGC newbuilding demand defies spot weakness Up to six very large gas carriers have been ordered since end-December as prices hover around 15-year low
Daily Briefing National Iranian Tanker Company has downplayed the possibility that the tanker listing off the coast of Shanghai following a fire...
Blast on stricken tanker Sanchi forces rescuers to retreat Efforts to put out fire have failed to achieve desired effect, say Chinese authorities
Cosco delays newbuildings on overcapacity fears Deferrals of 10 vessels come as a record number of newbuilding deliveries is expected in January
Cosco thinks big in alternative ship finance Analyst warns that the shipping conglomerate is likely to face some strong headwinds
Global piracy at lowest levels since 1995, says IMB A total of 180 incidents of piracy and armed robbery against ships were reported in 2017, compared with 188 in...
Korea's shipbuilding sector faces gloomy job prospects Analysts believe as many as 5,000 jobs will be at risk in the country's shipbuilding industry in 2018
Cosco Shipping launches $150m shipping fund Shipping conglomerate picks China's largest distressed-asset manager as its partner for investment venture
Police arrest 17 in Singapore refinery oil theft probe Shell Singapore said eight persons charged are either current or former employees at its Shell Eastern Petroleum unit
GasLog Partners looks to raise up to $97m from unit offering Funds to be used to finance future acquisitions, pay off debt and as working capital.
Ex-USGC rates among best across tankers Smaller tankers are catching up with rates seen for larger vessels, while US-Asia transits favour VLCCs.
Cebo Marine cement carrier's capacity grows fivefold Romanian-built vessel is fitted with eight additional cement silos and other upgrades.
Good times loom as LNG shipping can see light at end of the tunnel The sector is expected to experience significant charter rate rises as a variety of factors fuel a healthy global outlook for 2018, writes Poten & Partners chairman emeritus Michael Tusiani
Itopf allays fears on Sanchi oil spill Marine ship pollution advisory says particular cargo quickly dispels, but bunker fuel remains a concern.
American Maritime Partnership elects new president Matt Woodruff assumes leadership role from Thomas Allegretti.
Tsakos in sale-leaseback on two suezmaxes Vessels had been previously identified as potential sales candidates under tanker owner's fleet renewal plan.
Pacific Radiance sets second bondholders meeting Singapore offshore vessel operator plans to give another update to investors on restructuring efforts.
Record boxship deliveries lead carriers to defer newbuildings COSCO Shipping and Yang Ming Line among lines adjusting delivery dates.
Sveaas builds stake to 79% in Viking Supply Share issues completed as refinancing owner lines up reverse stock split.
Concordia Maritime in fixing flurry to play rising market Four in and one out at Kim Ullman-led company continues to position for rising rates.
Ship orders rise 15% from 2016 nadir Clarksons figures show owners signing more contracts as some markets improve.
Diana Shipping downgraded as further losses await Pareto Securities suggests Greek owner will not return to profit until 2019.
Greek owners lock in time charter cover for bulkers Ships owned by Angelicoussis and Frangou secure new charters, brokers say.
Saudi approves new sea route for Indian pilgrims Delhi government close to re-starting ferry run to Mecca.
Allianz: Asia is worst accident blackspot Insurer says Sanchi fire emphasises how region has suffered most ship losses from 2016 on.
AGR Petroleum fixes PSV duo Eidesvik and SD vessels booked for UK well work over 85 days.
Gibson watching VLCC orderbook in finely balanced market Richard Matthews says 2018 orders really matter after active tanker contracting last year.
Ifchor ramps up sale and purchase business Swiss dry cargo giant is set to ramp up its S&P activities with an accent on Greece and China, and in chartering has also added a first Middle East office.
Cosco and Cinda team up for new $154m fund Chinese companies join forces to further vessel finance ambitions.
Bahri Dry banks loan for newbuilding series Shipowner says $96m facility will cover 80% of the vessels' purchase price.
Asian congestion 'a short-term problem' Ince & Co global ports head Ton van den Bosch believes gas imports will ease bulker bottleneck.
Bunker volumes jump at Energy Petrol Turkish tanker owner supplied 2,350 vessels last year.
New Greek tug alliance formed Spanopoulos and Vernicos Aegean fleets join forces
Ferry damaged by replica Noah's Ark Biblical mock-up breaks free of moorings in stormy Dutch port.
Houthis threaten to close Red Sea lane Yemen militia wants Saudi-led coalition troops to cease attack on Hodeidah.
Sanchi suffers blast on board Explosion hits part of stricken NITC tanker off China.
Wan Hai Lines looks to boost China-India links Taiwanese feeder operator says joint service with Cosco will deploy five 4,250-teu ships.
Global incidents of piracy hit 22-year low But IMB says persistent danger remains in Gulf of Guinea, while Southeast Asian results were mixed.
Tanker used to steal fuel from Shell Bukom Vietnamese-owned vessel said to have been used to steal gasoil over 10-week period.
TT-Line heads to FSG for Aussie ro-pax newbuilds Operator of ferry between Australia and Tasmania heads to Germany for replacement tonnage.
AAPA chairman-elect testifies before Senate committee regarding infrastructure maintenance needs The American Association of Port Authorities (AAPA) Chairman-Elect William Friedman provided examples of waterside infrastructure needs, an...
Report: Ultra-large containership newbuilds hit record in January The boxship sector is seeing record deliveries of ultra-large containership (ULCs) newbuilds in 2018, with 10 joining the fleet in January ...
Diesel Technology Forum: Clean diesel has a broad impact on state economies The Diesel Technology Forum unveiled Tuesday what it says is a first-of-a-kind analysis of the broad impact of clean diesel on state econom...
Wan Hai, COSCO to launch Asia-India loop Wan Hai Lines and COSCO are launching a China - India service later this month. Wan Hai said Tuesday that its new "CI6" service will help ...
Commerce sets duties on groundwood paper from Canada The Commerce Department has set preliminary countervailing duties on imports of uncoated groundwood paper from Canada, which is commonly us...
Commerce sets duties for South African, Ukraine steel wire rod
The Commerce Department has set antidumping duty rates on carbon and alloy steel wire rod imports from South Afican and the Ukraine. In it...
Commentary: North Korea trade sanctions affect social compliance Social responsibility team, meet trade compliance team. Not that the two teams haven't talked in the past, but generally social compliance a...
DB Cargo to utilize digitalization solutions for safety, operational improvements A European rail freight conference last month highlighted the disparity between European transport funding and market and capacity share in...
Nippon Express to offer faster cargo transport via Belt and Road Japanese logistics company Nippon Express plans to offer speedy, low-cost cargo transportation between Japan and Europe on trans-Eurasia tr...
Russia cuts Dec crude output by 300,740 b/d from Oct 2016: energy ministry Russia's December crude output was in line with the country's obligations under the OPEC/non-OPEC deal, down 300,740 b/d from October 2016 levels, which are used as a baseline for the agreement, Russia's energy minister Alexander Novak said Wednesday.
SOMO says Iraqi Dec oil output marginally higher at 4.362 mil b/d
December oil production in Iraq averaged 4.362 million b/d, a marginal rise of only 2,000 b/d from the previous month, according to the latest estimates from Iraq's State Oil Marketing Organization released Wednesday.
Florida removed from offshore plan, path of future sales in doubt Interior Secretary Ryan Zinke announced late Tuesday that he was keeping oil and gas drilling rigs out of federal waters off the Florida Coast.
Oil market waits for Trump decision on Iran sanctions waiver US President Donald Trump is again keeping oil markets guessing about his Iran policy on the eve of a key deadline, but many Washington policy experts do not expect him to reimpose sanctions and abandon the nuclear deal just yet.
Crude futures push slightly higher as stock draws continue US crude stocks fell for the eighth straight week, Energy Information Administration data released Wednesday showed, but concurrent builds in product stocks kept a lid on oil futures.
External: Wired Bunkering
Wartsila, Teekay develop new shuttle tanker concept to trim emissions, bunker costs The new vessels will include Wartsila Hybrid system, which uses batteries for fuel savings, peak load shaving and added overall system redundancy.
FUTURES: Crude highest since December 2014 on API data The American Petroleum Institute reported a sharp drawdown of 11.19 million barrels in US crude stocks during the week ended January 5.
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