Poland signs third US gas deal in the name of energy security Russia's Nord Stream 2 pipeline project raises Polish energy security concerns. The pipeline would bypass Poland and Ukraine to connect...
The Interview: Peter Rogan Chairman of Ince & Co hits back at critics of the law firm's recent merger. Joining up with Gordon Dadds...
Can the bunker industry confront its credibility problem? The Aegean bankruptcy, fuel contamination cases and tighter credit lines are piling pressure on the bunkering industry
Capesize earnings fall 66% on Australian iron ore rail outage Average weighted time charter earnings sink to $11,250 per day
Tom Boardley joins the Lloyd's List Editorial Board The Editorial Board, which consists of 16 senior experts representing all sectors of the maritime industry, has a mandate to...
Tsakos tanker awaits clearance as Norwegian oil terminal reopens Tsakos Energy Navigation hopes to get clearance for vessel to proceed to a discharge port in the UK:
The Lloyd's List Podcast: From hot air to cool gas Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
Odfjell eyes tanker growth Oslo-listed company expects to operate 92 vessels by the end of 2020 from 82 in the third quarter
Torm starts venture with GSI and ME Production for scrubbers The Danish tanker owner could spend almost $80m on scrubber installations ahead of the 2020 sulphur cap
Sulphur cap not the only concern in 2019: Lloyd's List webinar to discuss The Lloyd's List 2019 Outlook webinar on November 29th will, of course, assess preparedness for the global sulphur cap, however...
Blockchain trials turn to finance Container and dry bulk shipments are being tested using documentation exchanged in electronic formats via blockchain technologies
China agrees to develop Myanmar's Kyaukpyu port The project has been greatly scaled down from the $7.5bn one the Chinese had planned initially
Daily Briefing Hapag-Lloyd doubles profit in third quarter | Exclusive interview with Ince's Peter Rogan | Lloyd's List's Hong Kong seminar adds...
Shipmanagement's stars shine at CrewConnect Global awards PTC's Carlos Salinas wins the Lifetime Achievement award and has worked more than 50 years in the shipping industry
Standard Asia agrees co-operation deal with Ping An P&C Deal marks a significant milestone in the club's growth ambitions in China, says chairman
Global Ship Lease offers to rebuy $20m in debt Ian Webber-led boxship owner exercises yearly mandatory offer on secured notes due 2022.
Court approves Aegean's post-bankruptcy financing plan Decision will help bunker supplier to the tune of more than a half-billion dollars.
Overseas Shipholding Group returns to black Sam Norton-led Jones Act tanker owner's results benefit from $23.5m tax benefit.
Poseidon announces five-year deals with CMA CGM Long-term charters come with Greek owner set to merge with French line's spin-off Global Ship Lease.
Liberian Shipowners' Council changes leadership Kierstin Lachtman of Cruise Lines International Association (CLIA) will replace retiring Joseph Ludwiczak.
China, Myanmar sign $1.5bn port deal for Kyaukpyu In the watered-down BRI project, a CITIC-led consortia and Myanmarese interests will build two berths instead of 10.
Kashoggi killing puts Lurssen order in doubt German shipbuilder Lurssen has suspended production of Saudi Arabian coastguard vessels in the uncertainty surrounding the murder of journalist Jamal Kashoggi. The company is unclear whether the German government will grant export licences after the dissident was murdered in the Saudi consulate in Turkey, Reuters reported. The yard has placed large numbers of staff on short hours as a result. G
Eidesvik stretches two OSV deals Norway's Eidesvik Offshore has extended deals for two OSVs. It said the 13,500-dwt Viking Neptun (built 2015) will continue working for Merkur Offshore until mid-May, with further optional periods attached. The contract with Siemens Gamesa for the charter of the 3,700-dwt Acergy Viking (buit 2007) has also been stretched by a year. It is now firm until end January 2021, with options until the e
Wilson cuts costs to boost profit Norwegian bulker owner Wilson has posted what it called "good earnings" for the third quarter as costs dropped. It made EUR 4m ($4.53m) on a net basis, up from EUR 1.1m in the same period of 2017. Freight revenue reached EUR 67.1m, from EUR 64.3m. Operating expenses in the third quarter amounted to EUR 25.6m, against EUR 26.1m the ear before. The company achieved net earnings per day of EUR
Last sail-driven tanker to become cargo vessel Historic Falls of Clyde being brought back to Scotland from Hawaii.
Josco renewing its fleet with newbuildings Nacks and Dacks each receive orders for two ultramax bulkers from Josco
Viking exits bulker, PSV sectors with five sales Sveaas company continues fleet readjustment with more disposals.
David Wu behind $500m LNG carrier newbuilding haul for Yangtze River project Chinese-Norwegian owner's Saga LNG Shipping is set to build a fleet of LNG ships for a Chinese import project with new deals placed at China Merchants Heavy Industry.
Odfjell loss grows but 2018 seen as turning point Terminal sale hits bottom line but chemical tanker market set for rise.
Torm extends scrubber plan as it inks new joint venture Equipment could now be fitted on half its fleet following partnership with ME Production and GSI.
Navios Acquisitions shareholders OK reverse split Navios Maritime Acquisition shareholders have approved a one-for-15 reverse stock split. The move, approved at a special meeting Friday, will kick in before trading opens 14 November. Once completed, the tanker owner will have approximately 9.6 million shares outstanding, down from 114 million. Navios Acquisition 'agnostic' on scrubbers Chevron extends Navios Acquisition tanker charter The New
Banks complete first digital bulker deal for Cargill BNP Paribas and HSBC have completed Singapore's first fully digitised end-to-end letter of credit (LC) transaction for a bulker voyage. The deal will "take the digitisation of trade finance a step closer to becoming a commercial reality," the lenders said. The transaction involved Rio Tinto selling a bulk shipment of iron ore originating from Australia to China for customer Cargill. Swire teams
Erck Rickmers to run his own ER Capital next year German shipowner merging all his investments into Hamburg holding company.
Dof Subsea aims for $119m bond sale Norwegian owner wants cash to refinance bigger series.
OSV loss down at SD Standard Drilling Norwegian owner well-positioned for offshore recovery.
Sale of Pareto PSV trio falls through Buyer had looked set to pick up bargain vessels.
Standard signs off on P&I tie-up with Ping An Club says agreement signals Standard Asia's next phase of growth in China.
BHP to meet iron ore commitments, despite derailment, says CEO Aussie miner says it continues to mine, so it will have good stocks for when rail services resume.
APEX exchange makes first physical palm oil delivery Singapore derivatives exchange expects more such deliveries in the coming contract months.
Threat of higher tariffs continues to push up transpacific rates.
Groundwork still being laid for U.S.-U.K. trade deal Officials met in Washington for the fifth meeting of the bilateral Trade and Investment Working Group and held preparatory talks for a possible post-Brexit free trade agreement.
U.S. among submitters of WTO transparency proposal The paper calls for a stronger approach to requiring notifications by member governments on issues including customs valuation and subsidies.
Retail imports remain strong ahead of tariffs increase "If there are shipments that can be moved up, it makes sense to do that before the price goes up."
Treasury ratchets up Russian sanctions
Abu Dhabi contributes to Turvo's $60 million in funding
NYMEX WTI plumbs 2018 lows, on pace to tie longest-ever downswing Prompt NYMEX WTI futures were on pace to match the all-time longest losing steak in contract history after prices fell for a 10th-consecutive day in Friday trading.
FEATURE: NWE Urals prices above Med on strong NWE fuel crack, freight factors High freight factors into closed arbitrage Russia's medium sour Urals crude saw the rare situation of Baltic-loading cargoes pricing above Black Sea cargoes on a confluence of factors during November's trading cycle.
Rotterdam bunker premium to Rotterdam barges strengthens on congestion, tight supply The premium of delivered bunker fuel at the bunkering hub of Rotterdam over 3.5% FOB Rotterdam barges has been elevated in recent weeks on tight availability and congestion at the port.
West African crude grades struggle in NWE on high freight rates Nigerian light sweet crudes have struggled to find homes in the European market despite the relative strength of gasoil cracks in Northwest Europe, as strong Suezmax freight rates have caused buyers to hold back on purchasing crude from West Africa, sources said.
New Antwerp coker launch tightens bunker market, supports NWE backwardation The launch of Exxon's delayed coker at the 320,000 b/d Antwerp refinery has tightened the local Antwerp bunker market and contributed to a more pronounced backwardation in the 3.5% sulfur FOB Rotterdam barge curve, market sources said this week.
First Rotterdam fuel oil VLCC for December after flurry of Suezmax fixtures The first VLCC to load fuel oil in December from Rotterdam for discharge east was heard on subjects Friday morning, after traders shunned VLCC fixtures in favor of Suezmax voyages for October and November.
CHINA DATA: Oct oil product exports fall to 8-month low at 4 million mt China's crude oil imports surged 31.5% year on year to 9.65 million b/d in October, preliminary data from the General Administration of Customs showed Thursday.
European fuel oil backwardation sours storage renewal contracts The highly backwardated fuel oil market has soured storage economics and trading houses have begun to shun storage renewal contracts into 2019.
China capable of exporting 60 mil mt oil products in 2020: Sinopec China will be able to export 60 million mt of oil products in 2020 as domestic demand growth will lag behind capacity expansion, Vice President of the Economics & Development Research Institute under Sinopec Yu Jiao said at the Seventh China International Oil and Gas Trade Congress in Shanghai Friday.
External: Global Risk Management
Singapore middle distillate stocks grew 7% on week: Enterprise Singapore Meanwhile, exports plunged to 175,892 mt from the previous week when total outflows were registered at 607,956 mt.
ANALYSIS: Middle East crude OSP cuts fail to buoy market sentiment OSPs for crude grades on the lighter end of the barrel saw cuts across the board, in line with weaker naphtha product margins.
FUTURES: Crude lower after overnight fall awaiting fresh cues Talk of OPEC and its allies possibly deciding to reduce output in light of the recent price slump was growing stronger, analysts said.
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