The Interview: Stephen Seymour Värde is in for the long haul and seeking to become an alternative capital provider for shipping, managing director Stephen...
From Brexit to Djibouti, shipping must decry economic nationalism From Trump's trade wars to Brexit, to Djibouti seizing the jewel of Doraleh Container Terminal from DP World, economic nationalism is...
South Korea probes shipowners after coal trades with North Korea More than 33,000 tonnes of North Korean coal was illegally imported to South Korea last year in violation of United...
Intertanko calls on governments to deal with unsafe bunker fuels Industry body for tanker firms lashes out at some governments' apparent ignorance of bad bunker issues
P&I Clubs may seek exemption from EU blocking statute Blocking regulation allows one EU entity to sue another for damages arising from compliance with US sanctions against Iran
Yang Ming completes second quarter with bigger losses Average bunker price jumped 25% year on year in the first half, taking a toll on profitability, the company says
EuroDry beats Wall Street estimates in first results after spin-off Greek owner of six bulkers says it's still an 'opportune' time to grow
GasLog donates $500,000 to orphanage caught in Greek blaze Peter Livanos-backed LNG carrier owner is latest to contribute to outpouring of help from shipping and shipowner-linked foundations in wake...
A party for one ain't no fun Maersk's TradeLens initiative could be just another blockchain trial without support from global carriers
US sanctions squeeze Iranian logistics sector Transformative investments now on hold as Iran falls under sanctions pressure again
Hellenic Bank grows ship finance book with largest loan Head of ship finance for the Cyprus-based bank says $50m facility for FSL Trust is a 'big ticket' for the...
Daily Briefing Djibouti stalemate | Maersk and IBM blockchain launches | The scrubber gold rush | Results round-up: Euronav, Dorian, Star, WWL...
Hapag-Lloyd slumps to $115m loss in first half Rising costs and weak rates batter German container line
Sinotrans Shipping posts expectation-beating results in first half Both its dry bulker intra-Asia focused container shipping businesses reported a substantial increase in profit
Nordic American Offshore bleeds another $10.1m Herbjorn Hansson's offshoot company does not pay a quarterly dividend and cites higher-than-expected costs in bringing vessels out of layup.
Great Eastern Shipping buys secondhand VLGC Purchase marks company's 70th birthday and was disclosed at a time when the shipowner is boosting its cyber security.
Viking Supply axing AHTS quartet and exiting PSV sector Sales come as the company positions itself in a recovering market.
First Yamal T2 cargo sails on non-Arc7 ship Russia's Arctic liquefaction project puts second train into production ahead of schedule
Euroseas swings back to profit US-listed boxship owner sees higher revenue in a better market compared to a year ago.
Pyxis Tankers eyes medium range rate rise in the fall No scrubbers in the plan but the Nasdaq-listed tanker owner is holding fire on fresh contract cover for now.
Overseas Shipholding Group looks to long-term contracts Spot market falls out for Jones Act tanker owner during second quarter.
Dorian reveals $20m scrubber project as it mulls BW LPG offer Retrofitting project on seven VLGCs in the works as normal business continues amid takeover drama.
Danske Bank upgrades Wallenius Wilhelmsen after share price fall Bank still believes earnings will not return to normalised levels until 2020.
Wilson posts higher profit amid better rates Norwegian owner benefits from an improved market that resulted in higher revenue.
Hapag loss grows amid 'significant geopolitical uncertainties' Chief executive Rolf Habben Jansen spells out additional cuts as second quarter results fall in line with forecasts.
Cost cutting helps lift profit at Sinotrans Shipping Hong Kong-listed shipowner benefits from improving relations between China and Japan.
US-China trade spat driving up container shipping rates Cargo interests looking to get ahead of further tariff hikes have contributed to spike, says analyst.
EuroDry reports first profit since spin-off Aristides Pittas-led owner has been "evaluating opportunities" to acquire new vessels and M&A.
Inpex delays Ichthys project shipment outlook Japanese-backed project says first shipments of LPG and LNG won't start until December.
Genco to continue capesize spot market play John Wobensmith-led shipowner keeps focus on short-term fixtures for capesize vessels.
Genco to offload 12 more vessels by year end US-listed shipowner to decide on scrubber installation by mid fourth quarter
Yang Ming sinks deeper into red Yang Ming's net loss sank deeper into the red in the second quarter and first half of 2018 compared to the corresponding periods in 2017 as the Taiwanese ocean carrier battled headwinds from higher bunker prices, lower spot rates and oversupply across the shipping industry.
No harm from South Korean bearings The U.S. International Trade Commission has found that American manufacturers of tapered roller bearings - namely The Timken Co. of North Canton, Ohio - are not harmed by the same imports from South Korea.
Hapag-Lloyd reports $80 million loss Hapag-Lloyd had a loss of $80.1 million in the second quarter ending June 30 compared with a profit of $17.2 million in the second quarter of 2017.
Marine highway projects get $4.8 million The U.S. Maritime Administration released $4.87 million in grants to help expand existing container-on-barge services in Louisiana, Virginia, New York and Connecticut and support the development of new services in Kentucky and Rhode Island.
WiseTech acquires Taric Logistics software provider WiseTech Global on Tuesday announced the acquisition of Taric, a customs management solutions provider in Spain.
Hyacinth macaw threatened species The Fish and Wildlife Service announced in a final rule the addition to the U.S. List of Threatened and Endangered Wildlife the hyacinth macaw, a species occurring almost exclusively in Brazil and "marginally" in Bolivia.
Trump orders metal tariffs on Turkey to double President Donald Trump announced on Twitter Friday morning that he has authorized steel and aluminum tariffs on Turkey to be doubled as the Turkish lira currency continues to be devalued against "our very strong dollar."
Container imports strong this summer With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at container ports heavily used by the nation's retailers are setting new highs this
IEA says world oil demand grew just 750,000 b/d on year in Q2 The International Energy Agency on Friday raised its estimate of world oil demand growth next year to 1.5 million b/d from 1.4 million b/d, anticipating
Fuel oil market supported by strong power generation demand: IEA The fuel oil market has been supported recently by o increased demand from the Middle East and Asia for power generation, the International Energy Agency said
New US sanctions put pressure on Russian economy, limited risk to energy sector
Crude futures rangebound on jump in US rig count Crude futures were little changed in afternoon trade Friday, remaining higher on the day, but rangebound following the release of the weekly rig report
NWE bunker fuel volumes traded in Platts MOC down on week as Saudi demand softens; sources Traded volumes of RMG 380 CST bunker fuel dipped lower this week in the Platts Market on Close assessment process in Europe, despite
Wallenius Wilhelmsen set to opt for LSFO, scrubbers to meet IMO 2020 rule "Wallenius Wilhelmsen has chosen a balanced approach which gives the best chance of managing risks and costs," it said.
Mexico's Enestas joins SEA\LNG coalition Coalition plans to leverage Enestas' vast network to promote LNG use for shipping.
UK's Quadrise upbeat on emulsion bunker fuel uptake as 2020 looms Company envisages wider distribution of its fuel, especially from refineries at main bunkering ports.
SUBSCRIBER NOTE: USGC HSFO quality and testing procedures Barrels traded within the MOC process should not be unreasonably rejected by an entity, and any rejection based on quality may be subject to Platts review
Chinese LNG buyers scramble for alternatives amid threat of tariffs on US imports However, the flexibility of US LNG supply is drawing interest from new companies in physical trading.
FUTURES: Crude stable amid trade tensions, rising supply "Crude oil is likely poised to see further declines, especially if additional tariffs on imports are imposed in the coming weeks," Gan said.
LQM Petroleum buys Ches Bunker, adding to USGC footprint The acquisition reinforces LQM Petroleum's in the Texas and US Gulf region
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