Finnish Supreme Court rules against owners in fairway dues dispute Convoluted decade-long legal battle likely to fizzle out
Tsakos close to kamsarmax order Greek owner also eyes tanker orders, while bulker deal not yet finalised
VLGC owners' hopes rise on back of scrappages Two 1990-built ships were demolished this month amid weak freight rates and firm scrapping prices
Turkey and Scandinavia boost Yilport volumes Turkish company sets ambitious targets for 2017 throughput
MOL partners with NCC for door-to-door liquid bulk shipping services Japanese giant to buy 15% of Nippon Concept Corp
Bourbon to offload 41 vessels at a loss as part of action plan Company continues to be "penalised" by challenging market conditions, provisions, depreciations and the weakening of the US dollar against the...
Yang Ming approves 20-ship fleet renewal plan Taiwanese carrier to invest in new ships to enhance operational competitiveness, despite being heavily indebted
HMM reveals full-year net loss soared in 2017 The carrier also says it is investing $95m in refreshing its equipment fleet, adding 48,500 teu of new container capacity...
Daily Briefing Picking the most influential figures in dry bulk shipping has never been an easy task, but Lloyd's List has sought...
Schulte receives German regulator approval for Pronav takeover Through the acquisition, Schulte Group has increased the number of vessels under full management in its third-party management fleet by...
China to build testbed for autonomous ships The move comes after the maritime world has seen several similar projects unveiled since late 2016
Strong transpacific box growth expected after record 2017 Healthy retail demand in 2018 will support US box import expansion, says latest assessment
Hyundai Mipo tipped for order growth in 2018 Analysts believe that the number of orders for oil tankers and liquefied petroleum gas carriers to increase this year thanks to...
Wall St Note | Figures do not lie Despite being faced with a daunting reality, Herbjørn Hansson claims all is well with NAT
New salvage contract impending for Kea Trader Weather conditions preventing the removal of the reefer vessel's two halves in South Pacific
Wan Hai partners The Alliance on Middle East loop Carrier group recruits intra-Asia specialist for new AR1 service, as part of network fine tuning ahead of April launch
MISC posts 87% drop in fourth quarter profit The Bursa Malaysia-listed owner expects outlook for petroleum shipping segment to remain challenging in 2018, but smaller orderbook and strong...
Cosco Shipping Leasing to issue more than $300m ABS Underlying assets are creditors' rights and collateral interests of Cosco Shipping Leasing pursuant to certain finance leases
South Korea moves to bolster shipping trade Committee will discuss how industry participants can work together to boost exports and imports through domestic shipping companies
CMB Leasing and Wah Kwong agree to co-operate in ship leasing Wah Kwong can play a role as a technical and commercial manager, charterer, co-investor or borrower under the traditional lease...
Danaos talks to lenders over debt restructuring Containership lessor is also in breach of certain financial covenants owing to the Hanjin bankruptcy, and is in talks with...
Top shareholders at Ardmore shuffle ranks Institutional holders report revised positions in products tanker owner in wake of fourth quarter report.
Bunker, charter-in costs hit WWL results Oslo-listed shipping and logistics giant says overall results were good, but also lower than third quarter.
Banks to shipping: 11% greater than 2% Nordea's US shipping chief explains the basic math behind banks' withdrawal from shipping sector.
Blockchain best at beating the hackers Basis for Bitcoin keeps bad actors out of connected networks, as shipping increasingly looks at the technology.
AET Tankers weighs down MISC earnings Malaysian energy shipping conglomerate sees offshore segment as big winner last year while LNG holds steady.
NYK investigates embezzlement in China Japanese shipping company expects to run up at least JPY 2bn in losses
Lomar sells feedermax pair in fleet renewal push Lomar Shipping has sold two feedermax vessels as part of a fleet renewal drive, after the UK-based firm took delivery of a newbuilding quartet last year. Company spokesman David Wilson confirmed the sale of the 1,078-teu sisterships Dorothy Trader (built 2002) and Macau Trader (built 2001). Wilson did not disclose the buyers or the price at which the transactions were concluded. The Macau Trader
Diana Containerships scrapping panamax New York-listed containership owner disposes of vessel that reportedly had been in lay-up for over a year.
NGM Energy looking to sell veteran VLCC Greek owner said to be seeking buyers for one of its four veteran VLCCs.
Marinvest books two MRs at Hyundai Mipo Swedish owner boosts fleet with deal for 50,000-dwt tankers.
US Gulf's LOOP loads first crude on VLCC Test run for export capabilities will improve economics for shipping on larger tankers.
Latvian Shipping delisted in Riga Last day of trading before Vitol takes tanker owner private.
NYK Line VLCC linked to Indonesian owner Japanese giant NYK Line is believed to have sold one of its older VLCCs. Shipbrokers report that the 303,000-dwt Taga (built 2004) has been bought by an Indonesian owner after being awarded a contract with Pertamina. A price of $26.3m is being placed on the tanker, above the $24.59m VesselsValue has against the Universal built ship. TradeWinds has contacted both NYK and Pertamina for comment.
Kea Trader salvage plan nears completion "Innovative solution" promised to remove both parts of grounded boxship from reef.
Poten & Partners warns on LNG contract length New low logged for 2017 but broker is concerned this may spell problems for investment in new supply.
Owners denied $100m fairway dues appeal Tallink, Finnlines and others stuck with Finnish ruling on "excessive" fees.
MOL buys into logistics player NCC Japanese owner snaps up 15% of door-to-door chemicals and gas company.
Five killed in drillship yard blast Another three men trapped after explosion on ONGC vessel at CSL.
VLCC reportedly heads for demolition in $17.1m deal Sinokor tanker is the latest big tanker set to be demolished, market sources say.
HMM loss hits $1.1bn after vessel sales Korean owner dented by offloading 10 ships to state fund in 2017.
Awilco LNG upbeat amid fourth quarter loss Shipowner says more newbuildings are needed after fourth quarter rates hit highest level since early 2014.
Yang Ming presses ahead with 20-ship newbuilding order Container line's board has given the green light to a string of newbuildings.
Western Bulk hits the road for refinancing Bulker owner considering new bond issue ahead of 2019 maturity.
Bourbon selling 41 PSVs as it restructures Disposal of older ships will mean impairment of $209m as owner tackles over-capacity and puts faith in digital revolution.
Triyards secures potential lifeline from asset manager Listed shipbuilder to receive initial $5m to cover overdue wages in Singapore and Vietnam.
TUI Cruises returns to Turku for Mein Schiff 7 German-owned shipyard in Finland to build sister ship for fellow German cruise line.
Oldendorff completes Indian transshipment trial German owner says project with joint venture partner India Power was two years in the making.
Congressional Dems pan Trump infrastructure proposal, indicate hopes for bipartisanship While top-ranking congressional Democrats generally reacted in resistance to President Trump's infrastructure proposal released Monday, oth...
FTR: Class 8 orders hit 12-year high in January Net orders for North American Class 8 trucks totaled 47,200units in January 2018, the highest level since 2006, according to preliminary da...
S&P Global: 'Poor supply discipline' could threaten shipping recovery The broad-based recovery seen in global ocean shipping is likely to continue in 2018, provided vessel owners don't shoot themselves in the ...
HMM's revenues, box volumes rise in 2017 South Korea's largest ocean carrier, Hyundai Merchant Marine (HMM), said Tuesday that its operating loss was smaller in 2017 than in 2016, ...
Port of Long Beach reports record January The Port of Long Beach handled 657,830 TEUs of containers in January, 12.9 percent more than in January 2017, and an all-time high for the ...
Executive Moves: MSC, Port of Redwood City, Suddath and CIPS MSC Group has appointed Ammar Kanaan chief executive officer of container port terminals arm Terminal Investment Limited (TiL) , effective...
Report: CEVA plans to go public (again) Hoofddorp, Netherlands-based third-party provider CEVA Logistics is planning an initial public offering some time before April, according t...
Profitable Q4 helps Echo grow FY2017 earnings Echo Global Logistics got back into the black in the fourth quarter of 2017, reporting a net income of $13.3 million compared to a $3 milli...
Danaos earnings float back up in Q4 2017 Danaos Corp. recorded a $22.8 million net income for the fourth quarter of 2017, a sharp increase from a net loss of $446.6 million for the...
Crude nearly flat ahead of key US inflation report NYMEX March crude settled 10 cents lower Tuesday at $59.19/b.
SINGAPORE DATA: JAN VESSEL ARRIVALS FOR BUNKERING FALL 4% ON YEAR TO 3,472 Bunker fuel sales in Singapore rose 3.2% year on year to a record high of 4.61 million mt in January.
Bad weather suspends bunker operations at Malta: sources Adverse weather conditions around the Mediterranean port of Malta have created severe operational delays there.
INTERVIEW: Russia's Novak spells out vision for close long-term OPEC relationship Outlines post-OPEC deal mechanisms.
Singapore bunker sales gain 3% on year to new record in January January sales were also up 7.2% from December's 4.3 million mt.
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