Norwegian Cruise Line orders duo from Fincantieri for $1.87bn Latest deal follows four-vessel order with Fincantieri in February 2017
More's the pity, but shipping cannot take the politics out of Brexit Government proposals offer pragmatic way forward, but Brexiteers are not biting
UK maritime industry reacts to government's Brexit blueprint Much said to depend on European Union reaction
DNB reduces shipping default exposure by more than $3bn DNB cuts shipping default exposure to $9bn
Yang Ming turns to low-sulphur fuel to meet IMO cap Taiwan-based carrier says the final decision has not been made yet
New emission rules in China to hit cabotage bulker trade Small bulkers markets could face overhaul from Beijing's new environmental initiative
Felixstowe says its performance is 'not good in all areas' Wait times reduced but performance is still below pre-upgrade levels
Nakilat improves cost reduction and expands fleet Company's fleet consists of 65 liquefied natural gas carriers, four liquefied petroleum gas carriers and one floating storage regasification unit
South Carolina continues growth spurt South Carolina Ports Authority boosts liftings beyond previous record as June cargo volumes soar
Kea Trader salvage turns to reef clean-up Helicopter landings to remove items from the wreck are no longer possible as the forward section is listing 20 degrees...
Bordeaux loses feeder service Rail to take the strain as MSC takes drops Bordeaux-Antwerp service
Quarterly Outlook: Law New rulings on the Hague Rules and time-barring of claims for awaiting orders could have profound implications in future shipping...
Viewpoint: Death by ferry The lives that will hopefully be saved in the future will be saved by practical ferry people, not bankers of...
Daily Briefing Shipping forum voices concerns as Trump extends tariffs | EU recycling rules could force owners back to Asian beaches |...
Bourbon chief's niece resigns as CFO Resignation comes a day after Bourbon signed a general waiver with its leasers and debt holders
POSH enters Taiwan offshore renewables market Move comes as government in Taipei aims to install 5.5 gigawatts of wind farms by 2025
Ultranav linked to demo sale of gas ship Chilean owner said to have scrapped ship ahead of special survey and as charter winds down.
Suezmax Chartering disbands tanker pool Trio of tanker owners follow VLCC Chartering's move and opt to go it alone
Arne Blystad sees Songa profit margin shrink as revenues fall Holding company's real estate and finance activities buoy figures as shipping arm is hit by slump in charter rates
Fearnleys posts rise in revenues of 16%
Retail investors face $93m loss on JR Shipping vessels Creditor takes control of 11 vessels after calling time on debt
Diamond taps M&A advisor as investors seek exit strategy Tanker owner once bankrolled by Wilbur Ross may be latest major player in consolidation talks as the clock ticks down for private-equity backers
Italian court rejects Lighthouse appeal in Bottiglieri saga Bottiglieri fends off Pappas-Zagari bid as court rejects Lighthouse appeal
Smit in pole position for heritage site wreck removal job Salvors prepare bids for removal of SSL Kolkata hull off India's environmentally sensitive Sundarbans
Evergreen ramps up renewal plans with feedership enquiry Taiwan liner operator invites bids from yards for up to 24 vessels of two sizes
Contships bags more feeder boxships as steady fleet expansion continues
Shipping must stop cheating way out of emissions Windship Technology director Lars Carlsson says scrubbers a waste of money and time's now to eye sustainable propulsion
Lessons from China for the White House on the art of (trade) war It was easy to dismiss early skirmishes in Donald Trump's Twitter-fuelled tirades against the trade deficit with Beijing, but with new tariffs now in place, the implications are becoming serious
Astomos shifts focus of LPG fuelling drive to Japanese market But shipowner and trader says it could take time for some Asian operators to embrace the concept
Sovcomflot's new stamp is an ice-breaker
Travel fan embraces his new role
New Excelerate boss guns for growth on fleet expansion vision Steven Kobos says he is 'in perfect alignment' with owner George Kaiser's intentions for his floating regasification company
Greater flexibility secret to Excelerate's FSRU success
First non-Arc7 heads to Yamal to help fill LNG carrier demand
Fredriksen ups LNG newbuild tally to five
Shell sends out speedy tender for LNG vessels Energy major starts stealthy and selective search process, igniting speculation that it may have tonnage in its sights
EDF Energy nears second NYK ship
Subsea ships hold 94% of value in Toisa sale
North Sea delays dash owners' hopes for hot-spot summer Delayed rig work and vessel reactivations mean reality has not lived up to last year's forecasts
Seismic 'canaries' chirping as revenues on rise
Princess Royal praises bravery of seafarers
New pair at helm of Bermuda flag targets fleet growth
Now, Mr President, you need to prove the US flag is in safe hands The Paris MOU's grey middle-tier safety ranking is not a place befitting the fleet of a superpower
JLT launches fresh P&I push as opportunities open up in Japan Broker hires former Britannia Club chief executive and Japan veteran John Trew to lead the charge
Latsis sets up new Marla Tankers management Greek owner said to has formed outfit to operate recently bought LR2 vessels
Utkilen newbuilding goes on charter to Fairfield Chemical
Hyundai buys back last Whale ore-oiler from former TMT fleet
China gives even younger ships the thumbs down Authorities tighten grip on import rules as critics argue that the change creates 'quasi-Jones Act' conditions for the country's domestic trade
Nisshin cape emerges in Minerva fleet
Ocean Yield ups liquidity with new loans Vessel leasing company adds more bank loans in order to finance upcoming acquisitions.
Dileton scraps tanker
TI and Frontline split on VLCC Chartering venture Tanker giants go their separate ways, with suezmax partners working a similar arrangement expected to follow suit
Harren & Partner buys back Blue Giant German owner acquires OCV it originally ordered in 2008.
Golden Ocean buys back $1.4m of bonds John Fredriksen-controlled owner purchases notes due next year.
Wilson buys German-owned bulker Norwegian owner brings its fleet to 118 vessels with latest acquisition.
Mokster reveals four new OSV charters Norwegian owner signs up ships with new customers DEA and Siem Offshore, plus Aker BP.
Solship Invest stretches debt postponement SolstadFarstad subsidiary still in talks over a long-term financing solution.
EU clears $40m Croatian ferry plan Commission finds aid for routes to islands is within its rules.
Goldman Sachs upgrades Maersk and Hapag-Lloyd Merchant bank has Maersk at buy and its German rival at neutral.
SeaBird selling shares to buy CGG OSV Norwegian owner to raise up to $15m for seismic vessel acquisition.
Salvage progress made a year after Kea Trader grounding Boarding broken boxship remains tricky, but most containers removed.
KOTC gas carrier faces breaker's torch Vintage LPG carrier sold ahead of Kuwaiti company receiving newbuildings.
Flex confirms sale and leaseback as newbuild hits the water Flex Rainbow deal is slightly unusual for a company backed by Norwegian tycoon.
Maersk Broker chief says first half of 2018 was 'very active'
d'Amico International Shipping sells oldest product tanker Transaction raises cash position of Milan-listed shipowner.
Teekay Offshore buyback ends on $222m Shuttle tanker owner now has $78m of 2019 bonds outstanding.
DNB reverses impairments of $47m First half sees "slightly positive" development in offshore and oil and gas.
Family remains in control as Vroon looks to exit choppy waters No change at Dutch owner following debt refinancing, with markets expected to improve 'slowly but surely'
Vroon to exit MR sector with sale of its last two product tankers Bulker and AHTS disposals also planned as Dutch owner continues to adjust capacity
De Chateauvieux's niece quits as Bourbon CFO Astrid de Breon staying until replacement found at French OSV owner.
POSH heads to Taiwan in windfarm joint-venture Kuok Group's offshore company teams up with Kerry TJ Logistics to target Taiwan's offshore renewable market.
Yang Ming opts for low sulphur fuel ahead of IMO 2020 Taiwanese liner player says cleaner fuel and more efficient ships are its ways forward for greener shipping.
2M Alliance scaling back on Asia-North Europe trade The 2M Alliance of Maersk Line and Mediterranean Shipping Co. plans to suspend one of its loops on the Asia-North Europe trade in the coming months.
With $400 million will come ZTE ban lift The U.S. Department of Commerce on Wednesday said it has signed a previously announced escrow agreement with ZTE and that once the company deposits the full $400 million, the Bureau of Industry and Security will lift the denial order currently prohibiting U.S. firms from exporting to the telecom giant.
Impact of trade war expected to grow over time Briefings from the consultants Drewry and executives at the Port of Long Beach uggest that while the effect of tariffs being imposed by the United States and China on the container shipping industry will be relatively mild this year, the impact could become more severe if a trade war continues.
CMA CGM investment in CEVA gets green light CMA CGM, the world's third-largest container shipping company, obtained all regulatory approvals required for its investment in CEVA Logistics, allowing it to become a regular 24.99 percent shareholder in the asset-light third-party logistics provider.
Senate passes motion for voice in tariff decisions The Senate by a vote of 88-11 on Wednesday approved a motion introduced by Sen. Bob Corker, R-Tenn., to instruct lawmakers to include nonbinding language in pending energy and water spending legislation to set forth a role for Congress in making determinations under Section 232 of the Trade Expansion Act.
Coalition wants U.S. to take stand on Chinese racks The U.S. Commerce Department has initiated antidumping and countervailing duty investigations of imported steel racks from China.
BluJay updates global trade network platform BluJay Solutions, a supply chain software and services provider, has updated its global trade network platform.
Envirotainer getting new private equity owner Envirotainer, a Stockholm-headquartered company that is the leading supplier of containers used to move pharmaceutical products by air, said Thursday that Cinven, a private equity firm, has signed an agreement to acquire all shares in Envirotainer from current majority shareholder AAC Capital for an undisclosed sum.
Executive Moves: GSO, SeaCube GSO has appointed Randy Swart as company president. SeaCube Container Leasing has hired Greg Tuthill as chief commercial officer.
Bunker operations at Gibraltar edge down on week: port authority The number of bunker operations at the Mediterranean bunkering hub of Gibraltar was slightly lower on the week although congestion remained
ARA fuel oil stocks fall 20% on busy barge loadings Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub fell 20% in the seven days to Wednesday to 1.206 million mt, after reaching a record high of 1,614,000 mt in the last week of June
Chinese independent refiners to slow crude imports in H2 as tax reforms pinch Lower crude procurement will impact trade flows as the independents secured crude from a variety of sources
FUTURES: Crude rebounds on bullish OPEC, EIA data "Markets are recalibrating at the moment and you can see a bit of bargain hunting also at present, supporting prices this morning," a Philip Futures analyst said.
US-China trade war could shake up Asia rankings for buyers of American crude The US-China trade battle raged on with Washington announcing its plan to impose additional 10% tariffs on $200 billion of Chinese goods
OPEC sees greater need for its oil in H2 Either OPEC would need to raise its output by more than it committed to, or crude would have to come out of storage, if it wishes to avoid a market squeeze.
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