Greek shipowners applaud IMO body's action on 2020 fuel safety IMO's safety committee wants 'concrete proposals' to enhance ship safety in light of concerns regarding safety of low-sulphur fuel blends...
The Lloyd's List Global Awards 2018: Winners revealed The great and the good of shipping's leading companies gathered in London for the maritime Oscars
Why benchmarking success in shipping is necessary International Lloyds List Awards Fuels
China's export slowdown to continue in 2019 Broad-based slowdown in exports from China to the US points to weakening external demand
UK treats latest ratings data with 'caution' RMT union argues that the growth in British shipping's fortunes is not being shared by seafarers, while officers' union Nautilus...
Volcafe ruling switches burden of proof for cargo damage 'Carriers and shipowners are going to find life much more difficult in defending cargo claims going forward. Where cargo had...
Tug attacked by gunmen off Malaysia One crew member was shot in the leg but Malaysian authorities intervened and rescued the seafarers from the vessel
Lloyd's List Outlook 2019: Law Understanding key legal developments and cases is an essential component of risk management
Alphaliner questions instant box booking rationale Maersk Line launched its Youship offering in 2008, which promised to make booking a box as easy as booking a...
Scorpio takes over Nordic American Offshore Emanuele Lauro becomes chairman and chief executive after $5m private placement
Daily Briefing Shipping braced for a year of disruption | Safety at sea is still a risk for shipping industry | Lloyd's...
Navig8 sells two product tankers to Avic Leasing for $52m The chemical tankers will be leased back under a bareboat charter for 10 years
Nanjing Tanker places $71m MR tanker orders Deal comes as the Chinese tanker owner is close to returning to the Shanghai Stock Exchange
Top 10 box port operators 2018 In the run-up to publishing the annual Lloyd's List Top 100 most influential people in shipping series, we look at...
Long Beach mayor to chair national ports and exports task force Strengthening trade and commerce at ports is critical to the success of the US national economy and regional economies, says...
Polaris sends converted VLOC to scrapyard The vessel has ended up at a breakers in Chittagong, Bangladesh
Australia ponders open-loop scrubber ban Australia allows open-loop scrubbers but is working with local authorities to decide if it needs to change the rules
International Seaways trumpets tanker market confidence International Seaways believes good times are on the way for the tanker market. Chief executive Lois Zabrocky said tanker rates have shot up considerably in the past few weeks weeks and lower oil prices should boost demand, which will be positive for the tanker segment look up for 2019. Cuts by Opec and allies will not derail tanker market recovery Secondhand product tanker market attracts inve
Glendon Capital buying up StealthGas shares The company has more than doubled its position in LPG vessel owner since the start of this year.
Roswell Tankers snaps up K Line aframax Roswell Tankers Corp of Greece is said to have purchased an aframax tanker from Japan's K Line that had been previously reported to have been sold to the Latsis family. European brokers said the 115,000-dwt Singapore River (built 2009) has gone for the same $23.3m price tag that Latsis was said to have paid in a deal that was not completed. Varun aframax set for Singapore auction The price fo
Hansson holds on to Nordic American Offshore shares as baton passes to Lauro Nordic American Tankers and Hansson family diluted but remain significant shareholders in PSV specialist.
Petrobras to open "crude supermarket" in Qingdao Port has signed a long-term deal with Petrobras to lease out four 100,000-cbm bonded crude tanks, which bodes well for longhaul VLCC demand.
Fear on home front sees Harvey Gulf turn M&A sights overseas Harvey Gulf head Shane Guidry has a strong message for rivals as he trumpets consolidation.
Product tanker scrapping at highest level since 2012, says Scorpio Product tanker scrapping has risen to the highest level in over half a decade at the same time as the delivery of newbuildings has slumped to the lowest seen since 2012. Data from Scorpio Tankers shows 35 product vessels going to the breakers this year. This matches the figure seen in 2012 and is only marginally below the 42 record in 2010, the world's largest product tanker owner says. Why Sco
Global Ship Lease buys back $20m of notes New York-listed Global Ship Lease (GSL) is spending more than $20m on buying back first priority secured notes. It said investors had tendered above the maximum $20m amount under the repurchase programme, and the notes would be accepted on a pro-rata basis. The $360m, 9.875% notes are due in 2022. The aggregate purchase price, inclusive of accrued and unpaid interest, is $20.55m.
TT-Line goes green with new Jinling ro-pax order German owner inks deal for up to two new vessels in China.
German owners express competitive concerns Alfred Hartmann tells politicians his country must remain competitive in the face of new challenges.
NAO takes term deal as PSV rates spike A Nordic American Offshore (NAO) platform supply vessel (PSV) has been fixed for a year as rates jumped in the North Sea. Brokers reported the 4,200-dwt NAO Power (built 2013) booked by Premier Oil, with two three-month options attached. Lauro takes pole position at Nordic American Offshore Spot rates have been as high as £12,000 ($15,000) per day this week as fleet utilisation rose to 91%, the
BW Offshore giant largest ship scrapped this year A former BW Offshore FSO sold for scrap earlier this week is heading for India as the largest vessel to go for demolition in an active 2018. Oslo-listed BW Offshore announced on 10 December the laid-up FSO Belokamenka was being sold. BW Offshore scrapping laid-up FSO for $20m Specialists place a price of between $400 and $409 per ldt on the former ULCC, which cash buyer GMS describes as "a more
WFW hires former Ince & Co lawyers to launch Athens dispute practice Antonis Lagadianos and Evangelos Catsambas to lead expansion drive of maritime legal services with Athens as a starting point
Dennis Uy free to merge 2Go and Nenaco The Philippines' Securities and Exchange Commission (SEC) has approved a merger between ro-ro and ro-pax owner 2Go and its parent Negros Navigation (Nenaco). 2Go said in a filing: "For purposes of the good order, the effective date of the merger is January 1, 2019." A deal was announced in April through a share swap, with the 2Go name surviving. Chelsea confirms Marinakis MR buy as spree goes o
Stolt-Nielsen wins upgrade following post-summer selloff Norne Securities has upgraded shares in Oslo-listed Stolt-Nielsen. Analysts Mindaugas Cekanavicius and Karl Johan Molnes raised Stolt from hold to buy today. Avenir LNG completes $110m private placement "The Chemical Tanker market seems to have bottomed out and the drop in oil price should reduce bunker costs, while the IMO regulation impact should be minimal for the company," they said. They
Corroded cargoship banned by Paris MOU The Paris MOU port state control organisation has barred a general cargoship from its ports after it was found to be corroded and cracked. The 2,900-dwt Bellatrix (built 1978) was detained for eight days in Russia's Rostov on Don last month. This followed two detentions in Turkey earlier this year and in Russia twice before that. The vessel had 17 deficiencies. Inspectors found cracked and cor
Mercator VLCC sales talk resurfaces Indian conglomerate shedding last VLCC just days after selling final gas carrier
Hamburg court calls Dr Morgen to oversee Hansa Heavy Lift insolvency Former Rickmers Holding restructuring officer takes lead in reviewing future of Oaktree-backed company.
Halul Offshore linked to ERRV sale Qatar's Halul Offshore has reportedly sold three emergency response and rescue vessels (ERRVs) into the Netherlands. Brokers said the 1,320-hp Halul 10, 11 and 12 (all built 2002) have gone to Glomar in an en bloc deal for an undisclosed price. Glomar has 14 ships, mnoslty ERRVs. Halul has 44 OSVs in operation and three platform supply vessels (PSVs) on order.
A1 Offshore buys Eidesvik PSV Danish owner A1 Offshore has snapped up an Eidesvik Offshore platform supply vessel (PSV). The 4,500-dwt Viking Dynamic (built 2002) has been renamed Connector Express under its new ownership. VesselsValue estimates the price of the vessel at $1.52m. The ship is now Danish-flagged. A1 now has nine vessels in its fleet.
Adnoc combines LPG and propylene shipments for first time Abu Dhabi oil company says cargoes were loaded on to same vessel to save money.
Sousa exits boards at three Fredriksen companies Georgina E. Sousa has left the board of three companies controlled by John Fredriksen. Sousa's exit as a director of Frontline, Flex LNG and Northern Drilling was announced in separate statements today. Shipping analysts split on possible Opec impact on tankers No reasons were given for her departure and it has not yet been possible to obtain further details. Sousa has been a director of multi
Bahri handing out $157m in dividends Pay-out represents 15% of nominal value for VLCC giant's shareholders.
Ningbo Marine moves into tankers with debut order Chinese owner Ningbo Marine has made a play for tanker business with a new domestic order. Brokers said the company has contracted a 10,000-dwt product carrier due in July 2020. AVIC Dingheng is building the ship, but no price was given for the contract. The Zhejiang Energy-controlled owner has an operational fleet of 41 vessels. This mostly consists of bulkers and general cargoships, but al
Swedish Club opts for no premium rise in 2019 International Group members are using their considerable cash cushion to subsidise premiums but increases are expected next year
Two Vietnamese yard bosses held in fraud probe Former Vinashin chief and SBIC deputy accused of abetting embezzlement.
Plenty in the pipeline as Nordea regains its appetite for shipping Executives say bank has been involved in significantly higher shipping finance transaction volume this year
Solutions need to be sought to avoid 2020 charterparty rows Owners and charterers must find a way to work through the historic transition to cleaner fuels or face a legal nightmare
'Service-minded' CTX Special Risks targets Chinese growth Hong Kong-based boutique insurance broker has carved out a niche for itself in the greater China market after a decade in business
Novatek to speed up domestic LNG STS after US criticism Russia's largest LNG producer aims to launch facility in the Murmansk region by 2022.
Navig8 Chemical Tankers agrees sale and leaseback deal OTC-listed owner uses part of proceeds to repay existing loans used to finance newbuilding contracts.
Tariffs help ports reach record volumes but slowdown looms SCPA CEO Jim Newsome told CNBC the Port of Charleston is expecting an unusually late slack season as a result of retailers front-loading cargoes ahead of increases in import tariffs.
Inspection tech, new laws help curb opioid imports CBP Commissioner Kevin McAleenan tells Senate Judiciary Committee his agency would need at least $300 million annually to increase scanning at ports of entry.
USDOT awards $1.5 billion in transportation grants Transportation Secretary Chao says the funding will support road, rail, transit and port infrastructure projects across the country.
Commentary: Russia-Ukraine tensions may affect trade Bluewater Reporting closely monitors geopolitical events because of the potential effect on the ocean liner shipping industry.
OPEC production cut gets muted reaction from Asian crude buyers Turnarounds expected to dampen demand in Q1 2019 Refiners and buyers of Middle Eastern sour crudes in Asia have been largely unfazed by the OPEC-led supply cut announced in Vienna last week, market sources said on Wednesday.
Crude futures fizzle as US crude stock draw misses expectations The oil complex lost steam throughout US trading Wednesday after US commercial crude stocks failed to meet analysts' expectations.
Cheniere Energy exports first cargo from LNG terminal in Texas A tanker loaded with the first cargo from Cheniere Energy LNG export terminal near Corpus Christi, Texas, departed on Tuesday.
Iranian exports to recover marginally after dramatic fall in Nov Iranian oil shipments plunged to around 1.25 million b/d in November as US sanctions kicked in, data from shipping sources and provisional tanker tracking data showed Tuesday. Loadings, however, are expected to rise slightly in the coming months as key buyers start to make use of US sanction waivers.
Japan's Idemitsu, Showa Shell get all regulatory approvals for Apr 2019 merger Japan's Idemitsu Kosan and Showa Shell said Wednesday that the companies have secured all regulatory approvals from the domestic and foreign authorities for their planned merger, paving the way to become a 1.1 million b/d refiner in April 2019.
Petronas to ramp up LNG bunkering by mid-2019 State-owned Petronas aims to start commercial LNG bunkering operations at several facilities across Malaysia by mid-2019, in a move that reaffirms the company efforts to compete in a key growing segment and support Malaysia strategic intent of becoming a regional LNG bunkering hub.
Black Sea fuel oil Handysize freight boom on delays Freight rates for Handysize vessels -- the most widely used class to carry fuel oil and feedstocks in the European region -- have rallied to a four-year high in the Black Sea as tonnage has tightened significantly due to increasing delays in the Turkish Straits.
Singapore's 2019 bunker fuel outlook seen positive amid industry restructure, changing rules The Port of Singapore is set for another year of growth in bunker fuel sales in 2019 as it enhances infrastructure and services ahead of its mass flow meter mandate for distillates and tightening environmental rules in international shipping, industry sources said recently.
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