GC Rieber names new leadership Company insiders take the chief executive, chief financial officer and chief commercial officer roles
Capacity management driving transpacific rates boost Trade wars may push post-peak slowdown into the first quarter of next year, putting carriers' 2019 contract negotiations at risk
EuroDry makes first addition to fleet as an independent company Greek dry bulk owner confirms deal to purchase 75,845 dwt vessel. The price is not given, but brokers estimate a...
Australia demands end to IMO secrecy Australia says that transparency and openness reforms should be the first priority for the upcoming IMO debate, but it faces...
GoodBulk focus on capes as 'most attractive' segment Owner's stronger results reflect fleet growth and stronger rates for capes this year
ICTSI eyes $100m Visayas box hub ICTSI plans to carry out dredging works alongside both ports to allow safe passage for the new generation of international...
Wan Hai signs off on 20 newbuilds Japan Marine United will build eight 3,036 ships on behalf of Wan Hai and Guangzhou Wenchong Shipyard a dozen 2,038 units
Yang Ming sees trade war boosting China's exports Revenue has kept growing on more lifting volume, but bunker costs have gone up significantly
A winter boost for clean tankers Falling oil prices are spurring demand for oil and the short supply of vessels in certain load regions should boost...
Daily Briefing Can the bunkers industry confront its credibility problem? | Blockchain trials turn to finance | Tech start-ups face challenge to...
CMA CGM takes four Poseidon ships on five-year charters The four 6,927 teu vessels are expected to generate total ebitda of $135m for the owner over the charter period
Nordic American Tankers pulls DNB backstop Herbjorn Hansson's Nordic American Tankers will not be dipping into a backstop credit facility from DNB Bank it confirmed today as it set its sights on return to its debt-free past. New York-listed NAT has sold a number of vessels to strengthen its balance sheet this year and walked away from a bond issue which would have delivered further liquidity this summer. Nordic American Tankers stays sil
Diana Shipping sells second veteran bulker in a week Diana Shipping has struck a deal to sell its second veteran vessel in quick succession. New York-listed Diana says the 75,200-dwt Alcyon (built 2001) has been sold for $7.45m. Diana Shipping sells 17-year-old panamax bulker It is the second ageing panamax Diana has disposed of in the past week after the 75,336-dwt Triton (built 2001). Diana, which still has four similar ships in its stable of
Wan Hai inks newbuilding deals worth up to $900m Taiwanese box carrier has firmed up its deals to build 3,036-teu and 2,038-teu vessels in Japan and China.
Zoullas-led Delphin sells to Oceanbulk in first S&P deal Sophocles Zoullas-led Delphin Shipping is making his first move in the sale-and-purchase market with the disposal of an ultramax to Greece's Oceanbulk Maritime. Eagle Bulk bondholders back scrubber amendment Judging Scorpio Bulkers' early returns on sister deal US brokers report that the company's 63,000-dwt Vela (built 2015) has been sold to Petros Pappas-led Oceanbulk for about $20.3m. Tha
CIT taps veteran Cohen as new shipping chief New York lender had been 19 months with maritime seat open, but taps experienced banker to renew push.
Solstad fixes CSV in Brazil for up to four years Norwegian owner also announces extensions for two PSVs by Equinor.
Howe Robinson adds duo to tanker desks Genesis and Brassington pair to enhance broker's VLCC and suezmax operations.
Maitland slightly singed at the 'Clayfest' Even in an industry of colourful characters, Clay Maitland stands out from the crowd. So, it made for a packed ballroom at New York's Union League Club when the Society of Maritime Arbitrators (SMA) hosted a roast of the International Registries Inc (IRI) managing partner, whose company runs the Marshall Islands corporate and ship registry. El Faro: Congress gets its Act together Maritime lawye
Three crew asphyxiated on cargoship Probe starts after incident on timber carrier off Okinawa.
ArcelorMittal extends bulker buying spree to $150m Steel giant ArcelorMittal has taken its spending on bulker carriers in the past month to $150m with the purchase of a fourth vessel. JP Morgan sells newbuilding duo in asset play deal ArcelorMittal sells bulker for fraction of bought price European and US brokers report the Indian steel giant has purchased the 81,000-dwt Olga V (built 2017) for $30.5m from Capital Management Services of Greece
GC Rieber puts new top team in place Einar Ytredal gets CEO job permanently, while new CFO and COO appointed.
New Vision Shipping in successful supramax asset play Greek owner New Vision Shipping has carried out a successful asset play on a supramax bulker that it purchased a little more than two years ago. Multiple brokers in Europe and in the US report that the company has sold the 56,000-dwt New Kosmos (built 2005) to another Greek shipowner for more than $11m. New Vision tipped for profitable bulker sale to Akij New Vision buys and sells in fleet rene
Cosco Shipping International stronger in third quarter Bulker owner's result from continuing operations turns positive.
EuroDry inks first purchase as stand-alone company Talks for funding underway as new public company confirms debut deal.
Atlantska snaps up Standard Bulk panamax Pelagos increases value over three years as Croatian owner beefs up fleet.
Sting in the tail for booming transpacific trade? Consultancy Drewry warns tariff effect won't last for ever.
Two liner agencies drop IRISL in Europe over US sanctions Two European liner agencies have withdrawn from representing sanctions-hit Islamic Republic of Iran Shipping Lines (IRISL). Hamburg-based Peter W Lampke (PWL) and Genoa-headquartered Fratelli Cosulich have until now served IRISL's 10-day container service, which called at Antwerp, Hamburg and Genoa. US warns shipping: do not deal with NITC and IRISL Industry chiefs sign climate change pledge at
Louis sends third cruise ship for scrap Louis Group of Cyrpus has confirmed rumours in cruise circles that it has sold the 33,900-gt cruiseship Marella Spirit (built 1983). The company did not identify the buyer in a statement filed with the Cyrpus Stock Exchange last Friday, saying only that the deal would not have any impact on its 2018 financial results. Well placed scrapping sources say that the Marella Spirit has been sold to cas
Havila signs four-month Equinor PSV charter Havila Shipping has fixed more work for a platform supply vessel brought out of layup in April. It said the 3,800-dwt Havila Borg (built 2009) will work for Norwegian major Equinor for four months. The job is in the UK sector. The vessel was first reactivated for a Total charter lasting three months.
GasLog ship refloated after grounding Laden vessel pulled off mud by tugs and has resumed its voyage
Buyers inspect Neda Maritime VLCC Greek owner dismisses talk of a sale for offshore conversion as "absolute rubbishas"
Yang Ming adding four ships while returning seven Asian carrier optimistic that trade war will boost rates for Chinese exports.
Rodgers draws on 'dieselgate' in latest swipe at scrubbers Euronav chief escalates hostilities against scrubbers in Daily Mail newspaper comments.
Pirates fire on LNG carrier off Nigeria Vessel safe after attack by nine pirates in speedboat.
Tsakos tanker asked frigate to turn before clash TS Sola told warship to move to starboard four times ahead of collision.
Boxship sales spike on rising scrap prices ahead of 2020 But annual demolition rate lowest for a decade as deliveries to swell capacity in 2018
Golar Power wins race for Croatia FSRU project Company beats off MOL and Maran Gas Maritime to win with LNG carrier conversion
GoodBulk confident in dry market recovery as it sets dividend range John Michael Radziwill-fronted company continues to see best value in capesize investments.
Nigeria's national tanker fleet plan takes slow steps to reality Start of two-man charter desk in London seen as part of NNPC's bid for 30 crude and product carriers
Turkmenistan eyes ro-ro newbuildings Balkan Shipyard planning to construct vessels to carry trucks and trailers.
$260m Brexit bypass plan for Ramsgate UK wants to avoid Dover-Calais congestion in case of no-deal EU exit.
Nigerian owners chase 'missing' $300m Shipping companies want answers on cash placed with the national financing fund.
VIDEO: 22 crew rescued after bulker fire Seafarers taken off Golden Ocean Line vessel off Indonesia.
Thoresen Shipping sees third quarter profit triple Thai supramax specialist continues to benefit from rate rally as it posts 40% jump in average TCE rate.
Pioneer Marine teams up with Interorient Navigation Details of commercial management deal emerge as bulker owner reports third quarter loss.
Algoma acquires product tanker for domestic fleet Canadian shipowner says customer demand continues to strengthen in this segment.
Margarita Louis-Dreyfus nears buyout of minority shareholders Commodities giant's chairperson says she is now well positioned to accelerate growth strategy.
Navarro to globalists: Stay out of U.S.-China talks With his signature candor, White House trade adviser Peter Navarro told Wall Street bankers and the extremely wealthy to spend their money at home.
Lineage Logistics acquires Yearsley Group Second-largest cold storage company expands its footprint in the U.K.
Teamsters ratify UPS Freight contract
Yang Ming reduces loss in third quarter
Alleged weapons smugglers nabbed in Seattle
Executive Moves: Railroading and ocean shipping
DHL Freight turns on driver recruitment initiative
Crude settles lower amid falling equities, Trump tweet Crude futures settled lower Monday from a one-two punch of a selloff in equity markets and a tweet US President Donald Trump sent that cast doubt on production cuts OPEC and its partners hinted at.
Indonesia interested in OPEC membership again, but needs to cut its oil imports first Net oil importer Indonesia could reactivate its OPEC membership if it can successfully raise its crude production and reduce consumption.
Lukoil rules out contracts with Iran while US sanctions in place Lukoil will not sign new contracts with Iran while US sanctions against the country remain in place, CEO Vagit Alekperov said Monday.
External: Praxis Energy Agents DMCC
External: Marine Bunkering(Rotterdam)B.V.
Danish tanker group Torm forms JV ahead of 2020 to produce, install scrubbers In addition to the economic potential of the joint venture, it will allow Torm to secure availability of scrubbers ahead of the IMO 2020 rule.
Crude remains higher after OPEC flags output cuts in 2019 A new strategy needs to be formed, UAE energy minister Suhail al-Mazrouei said at a press briefing.
OPEC, oil producer allies signal return to production cuts from next year Delegates said a Saudi-led proposal to cut up to 1 million b/d was discussed ahead of the meeting.
Saudi Arabia to cut oil exports but sees no sign of global oversupply: Falih Saudi Arabia has proposed a return to production cuts of up to 1 million b/d.
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