A. P. Moller-Maersk grows revenue & underlying profit in 'year of transformation'
Baltic Exchange applies changes to BDI
Evergreen orders eight 11,000-TEU vessels
HICT offers new service between Haldia & Bangladesh
IMO & EBRD sign new partnership to support sustainable shipping
MANSA draws JNPT's attention to likely conflict between terminal operators on inter-terminal transfer of containers
The paradigm shift in regulatory mechanism for carriage of goods at sea
Direct Port Delivery seen congesting Kolkata Dock System
DP World Chennai felicitated on International Customs Day
Amazon eyeing delivery
DHL Express expands in Gujarat
Cabinet approves signing & ratification of protocol amending the agreement between India & China for avoidance of double taxation & prevention of fiscal evasion
MSC Napoli: The casualty that changed the course of container safety Around 20% of containers inspected after the MSC Napoli grounding were considerably heavier than declared - a discovery that eventually led...
First US-China LNG deals to drive long-haul shipping demand Cheniere signs deal for 1.2m tonnes every year with CNPC until 2043 amid Washington's policy shift on trading with China
Klaveness cuts 2017 loss on dry bulk and container strength Oslo-based company's future efforts are focused on digitalisation
IMO asks shipowners to back latest commitment to sulphur cap with action Latest repeated public declaration to stay on course for 2020 deadline means the IMO is too exposed to reverse course...
March 2020 ban for high-sulphur fuels on the horizon Bunker fuels above 0.5% sulphur content could be outlawed in two years
Maersk aims its firepower at extortion Bribery and corruption cost the shipping industry vast sums of money every day, and are so embedded that few give...
IMO and development bank launch green shipping push Two organisations sign partnership deal
Tanker trades face profound changes in post-2020 bunker scene Clean tankers to benefit from new IMO rules amid shake-up of cargo flows
New twist in battle for Giuseppe Bottiglieri Shipping Naples court has until the end of February to review proposals following a last-minute counter-bid
Daily Briefing DryShips' move to create a single-focus LPG company in direct competition with Dorian LPG, BW LPG and Avance Gas could...
Daily Briefing As it seeks industry-leader status, Maersk looks prepared to tackle one of the biggest but rarely-mentioned challenges of all -...
Maersk returns to profit after 'eventful year' Chief executive says Maersk has 'taken the first steps towards the integration of our container shipping, ports and logistics businesses...
HHI falls into the red in the final quarter of 2017 The business backdrop is expected to be tough this year, warns Hyundai Heavy Industries
Weighing CMPort's sale and purchase activity China Merchants is planning further restructuring of its port assets
South Korean city of Ulsan asks to extend shipping skills scheme The request comes amid concern growing numbers of workers the shipbuilding industry are facing the threat of losing their jobs
Pricier raw materials keep Korea's Hanjin Heavy in the red in 2017 Hanjin Heavy Industries & Construction posts operating loss of $100.7m for 2017
Maersk back in the black with $356m profit for 2017 Chief executive Soren Skou said container demand had slowed to 3% at the end of 2017 compared with 5% growth...
Klaveness Ship Holding inches to profit in second half of 2017 Norway's Klaveness Ship Holding squeezed back into the black in the second half of 2017 but it remained in the red for the full year. Improvements in the container and dry bulk sectors led to a modest profit of $133,000 in the second half, reversing a $28.9m red number for the tail end of 2016. As a result Klaveness' full year loss for 2017 reduced to $8.3m from the $49.9m deficit it rang in for
Hyundai Heavy workers agree wage deal 56% of union members back new pact with management.
Scenic back at Uljanik for cruiseship Australian owner doubles up at Croatian yard.
Cargoship hull breached in Antarctica Murmansk Shipping vessel hit underwater object.
Maersk lifts lid on Hamburg Sud's 2017 performance Hamburg Sud rang up an underlying profit of $85m in 2017, its new owner AP Moller-Maersk revealed today. AP Moller-Maersk results for 2017 'a coin with two sides' The German carrier had a fleet of 106 owned and chartered vessels when it was snapped up by the Danish giant at the end of last year in a deal first uncovered by TradeWinds. AP Moller's annual report - which does not offer a comparat
SolstadFarstad signs two new term deals Plus another OSV contract extended as North Sea activity increases.
Profits drop for coatings supplier Jotun Difficult shipping and offshore markets blamed.
EMGS reduces fourth quarter loss OSV owner boosted by lack of impairment booked in 2016.
Loss grows at Fred Olsen Energy Drilling company hurt by falling revenue in fourth quarter.
Maersk chairman Snabe confident of energy spin-offs Improving conditions in the offshore industry have raised confidence at AP Moller-Maersk that its two remaining energy arms can be spun-off on schedule. Maersk elects Jim Snabe to chairman role Plans to unwind Maersk Oil and Maersk Tankers from the group were established last year, leaving Maersk Supply Service and Maersk Drilling's future ownership to be resolved. Jim Hagemann Snabe, chairman
Unease over tighter Indonesian bulker rules Coal shipping body says cabotage restrictions "dangerous".
AP Moller-Maersk results for 2017 'a coin with two sides' Fourth quarter profit misses forecasts with 2018 guidance falling short of consensus.
NAO brings trio out of layup Hansson-backed company optimistic about North Sea PSV market.
Western India yard assets to be sold off Bankruptcy court sanctions auction at ABG-owned shiprepairer.
Ultra Deep Solutions eyes pipe lay newbuilding Singapore offshore vessel firm looks to move into new segment with "interesting project".
Singapore economy buoyed by expanding cruise sector Lion Republic reaps greater economic benefits as sector continues to develop in region.
Aussie coal exports set all-time value high in 2017 Its days maybe numbered according to some, but Australia volumes set record pace.
Bottiglieri and Bain sweeten offer to creditors Cash-strapped shipowner dismisses lowball offer from Lighthouse as court is only looking at GBSC-Bain offer.
Radiant Logistics increases earnings in Q2 FY2018 Bellevue, Wash.-based Radiant Logistics, Inc. recorded a net income attributable to common stockholders of $3.3 million for its fiscal year...
U.S. meat exports heat up in 2017 U.S. beef, pork and lamb exports all increased in value in 2017 from a year prior, according to data provided by the U.S. Department of Agr...
GSP renewal legislation introduced in House House Ways and Means Trade Subcommittee Chairman Dave Reichert, R-Wash., on Thursday introduced bipartisan legislation to renew the General...
Maersk Group narrows losses during 'transformational' 2017 Danish shipping conglomerate A.P. Møller-Maersk A/S - which includes ocean carrier Maersk Line, port terminal operator APM Terminals (APMT)...
Trump signs new budget deal, ending brief government shutdown U.S. President Donald Trump signed a new two-year budget deal this morning, ending a government shutdown that began at midnight. The two-y...
IMO moves to ban non-compliant fuel on board ships in 2020 The International Maritime Organization's (IMO) Subcommittee on Pollution Prevention and Response, which met in London this week, has propo...
West Calcasieu Port to dredge barge basin West Calcasieu Port in Louisiana will move forward with dredging its west barge basin after the port authority's board approved a $1.3 mill...
Amazon rumored to be to launching parcel delivery unit Amazon is ready to test a business-to-business parcel delivery service to compete directly with UPS and Fedex in the coming weeks, accordin...
SCFI slips 1.3% The Shanghai Shipping Exchange's Shanghai Containerized Freight Index fell 1.3 percent since last Friday's reading of 883.59 to a reading o...
Crude continues to tumble as US rigs confirm output surge The oil complex continued its February-long slide Friday, with NYMEX March WTI settling $1.95 lower at $59.20/b, after Baker Hughes rig count data confirmed analysts suspicions of US crude output resiliance.
Historic 100-million-barrel SPR selloff represents major policy shift The move by Congressional appropriators this week to sell off 100 million barrels of crude oil from the US Strategic Petroleum Reserve over the next decade may not have been shocking, but it may mark the most definitive shift in US oil policy since oil export limits were lifted in December 2015.
US Congress approves budget, selling off more than 100 million barrels of government oil Congress early Friday approved a two-year budget agreement which mandates the sale of 100 million barrels of crude oil from the Strategic Petroleum Reserve within a decade and authorizes sales of another $350 million worth of government-owned crude this fiscal year.
Emboldened by market recovery, OPEC readies the taps Having patiently waited a year for the oil market to turn, many OPEC members are now feeling confident enough in its recovery to begin.
Tumbling Mediterranean bunker prices fail to entice buyers Bunker prices in the Mediterranean have plunged over the week in tandem the ICE Brent futures, but buyers remain reticent.
ARA fuel oil stocks build 2.68% on slack bunker demand Inventories of fuel oil stored in the Amsterdam-Rotterdam-Antwerp region increased by 2.68% to 932,000 mt in the week ended Wednesday, the latest data from PJK Consulting showed.
ANALYSIS: IMO moves one step closer to resolving bunker sulfur cap enforcement problem If successful, the measure would come into force in March 2020, only a few months after the new sulfur cap is imposed.
IMO sub-committee recommends non-compliant bunker fuel carriage ban If successful, the measure would come into effect in March 2020.
Singapore LSMGO sales hit record high, sellers report 50-70% more inquiries "There's more demand for LSMGO these days, especially from owners from Europe, or those sailing into ECAs."
TRADER NOTE: International Chamber of Shipping appoints new secretary-general Platten took up the position of CEO of the UK Chamber of Shipping in January 2014.
Japan's ClassNK Consulting launches service to aid data collection plan This move will help ship owners to monitor shipping emissions.
FUTURES: Crude falls on supply concerns, profit-taking "US output is now above Saudi Arabia's at 10.25 million b/d, and this has spooked some investors," ANZ bank said.
Gunvor shows keen appetite for BFOE crude Since Monday, Gunvor has bought six cargoes of Forties crude as well as one cargo of Brent Blend through the Platts MOC process.
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