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Tidships makes $32m offer to buy Belships Offer for Oslo-listed supramax owner pegged at NKr5.5 per share, a 10% premium to Tuesday's closing price
E-commerce vital to future logistics profits Changing distribution model requires infrastructure changes
Carrier reliability: A day late and a dollar short Efforts by Maersk and MSC to improve schedule reliability are to be applauded and can come none too soon for...
The Indian upstart's path towards digitalisation Shipwaves plans to set up offices in Middle East and Southeast Asia
Long-term Dorian shareholders back BW LPG merger Shareholders are competent to evaluate the offer and should control their destiny, says institutional investor Carl Oppenheimer
Euronav completes merger with Gener8 Maritime Euronav chief executive Paddy Rodgers says merger 'provides the crude tanker market with a global player of substantial size'
Face-off over sulphur cap is turning ugly With just 18 months until the sulphur cap goes live, shipowners have issued a challenge to IMO. Who will blink...
APL extends guaranteed service to Europe Priority access to slots and equipment will be extended to destination ports in Europe
MPC raises $50m for further fleet expansion Private placement raises funds as owner sells 7.25m shares
Daily Briefing Petros Pappas orders 22 scrubbers for Star Bulk capesize fleet | ABN Amro commits to shipping | Maersk moves to...
State-owned Yingkou Port defaults on $83m debts Default comes as Yingkou, a major sea port in northern China, has been borrowing heavily in recent years to expand...
Maersk and MSC plan more 2M ship speed cuts in punctuality drive Many ports are unable to handle the new generation of 20,000 teu ships efficiently, which is adding to delays across...
Australian consortium to build LNG import terminal in Port Kembla New terminal is to begin operations by 2020. The project is likely to require a capital investment of between $152m...
Nakilat forms FSRU joint venture with Excelerate The 2009-built FSRU, Exquisite has a capacity of 150,900 cubic metres
Jakob Stausholm joins Rio Tinto as financial chief As the former financial chief in Maersk Group, Mr Stausholm has more than 20 years' experience in senior finance roles...
TOTE Maritime fills senior roles from within Changes in executive leadership come following the retirement of chief executive.
Pasha Hawaii ups box capacity on two ships US-flagged carrier says it's marking third anniversary of Hawaii service with capacity boost.
Petronas heralds first breakbulk LNG STS Company VP says Asian buyers prefer to grow their business by importing smaller parcels
Golden Ocean buys back $3.6m in bonds John Fredriksen's drybulker owner now owns 12.2% of convertible bond issue.
ING scores win in OW Bunker appeal Secured creditor of bankrupt bunker supplier does have a claim appeals court rules.
Tennenbaum Capital emerges as major EuroDry shareholder California-based investor owns almost a quarter of Euroseas spin-off' following a common distribution.
Monjasa buys chartered-in tanker Danish group snaps up Fredericia to continue English Channel bunkering.
DFDS adds freight ro-ro to orderbook Danish owner to meet demand with new vessel contracted in China.
Jebsen, Thun JV adds cement carrier at Ferus Smit JT Cement returns to Dutch yard for bigger sistership.
Loss grows at Boa Offshore OSV markets remain tough, but owner sees higher income from 2019.
ONE gets its first bespoke newbuilding NYK vessel delivered in joint venture's distinctive magenta livery.
Lomar banks 120% profit on containership in two years UK owner turns seller again as fleet renewal gathers pace.
Stonepeak 'eyes $500m Tidewater T&T sale' Fund said to be looking to sell Canadian barge and terminal group.
NAT confirms suezmax newbuilding charter Herbjorn Hansson says Equinor deal could stretch to 2023.
Economou's DryShips stake up again on buybacks Founder now holds nearly three of every four shares in diversified owner after overall float drops once more
Carnegie rates Hunter a buy Analyst weighs in on VLCC newcomer as it goes for $6.5m through secondary offering.
Tidships makes $32m offer for Belships Otto Tidemand's daughters Caroline Tidemand and Kristin Tidemand Eckhoff want to merge the Norwegian owners' bulker fleets after Sverre Tidemand indicated he wanted out.
Trafigura profit slashed as oil market shifts Trader and shipowner hit by challenging conditions in first six months.
Subsea 7 lands $50m-plus Egyptian deal Burullus Gas wants six new wells connected in the second half of 2019.
MPCC raises another $50m for ship buys Oslo-listed owner completes private placement in Norway.
VIDEO: 'Important milestone' as Euronav completes Gener8 deal Paddy Rodgers says crude tanker market has a $2bn global player of substantial size.
Teekay Offshore Partners plans $500m bond issue Proceeds from fundraiser to go towards outstanding US and Krona-denominated bonds.
Ship Finance confirms Lemos cash and shares deal John Fredriksen company nabs four boxships.
Borealis' $40m for boxship trio takes year's spend to $80m Borealis Maritime is forking out around $40m to buy three more secondhand feeder and traditional panamax containerships. The UK shipmanager has acquired the 3,534-teu Circular Quay (ex-Gustav Schulte, built 2009) for $11.3m. It is also believed to be spending a shade under $29m enbloc for the 4,250-teu CPO Miami and CPO Jacksonville (both built 2009). TradeWinds estimates the total spent on con
AP Moller Maersk arm launches China Europe rail service Danish giant's logistics subsidiary says service will knock 20 days off ocean freight times.
Great Eastern offloads another supramax Indian owner sells its second veteran bulk carrier this year as it looks to bring down fleet age.
White House aims to stop Congress from blocking ZTE deal The White House will seek to block the congressional passage of a provision included in the Senate version of annual defense authorization ...
Port of Cleveland CEO elected Green Marine chair William D. Friedman, president and CEO of the Port of Cleveland, has been elected chairman of the Green Marine's Board of Directors. Fried...
Pasha Hawaii replenishing reefer fleet Pasha Hawaii's Horizon Enterprise arrived in Oakland Tuesday carrying 600 new refrigerated containers as part of its container-replenishmen...
APL offers Eagle GO Guaranteed from Asia to Europe APL said it will extend its Eagle GO Guaranteed product to services operating from Asia to North Europe and the Mediterranean. Eagle GO ...
MPCC raises $50 million for more ships Oslo-based MPC Container Ships has raised roughly $50 million for additional vessel acquisitions, the company said in a statement. The fas...
Washington ports go for 57 feet As the Northwest Seaport Alliance (NWSA) nears the third anniversary of its formation, the agency is moving forward with improvements so th...
U.S. steel exports steady in April Exports of steel from the United States were relatively steady in April despite fears of a looming trade war with the two largest buyers of...
Ocean Transport: Ever viable Panama Canal The Panama Canal continues to prove itself a vital artery for the world's maritime commerce and the demand among carriers and shippers for ...
Trade battle lines drawn As the Trump administration continues to draft tariffs against what it deems to be unfair trade from China, American shippers and importers...
Saudi-led forces launch assault on Yemen's key Red Sea port of Hodeidah Saudi-led coalition forces launched a major air and naval assault on Yemen's Red Sea port of Hodeidah early Wednesday, according to media reports, marking a turning point in the three year conflict, and escalating tensions in the Gulf region.
US' Trump takes aim at OPEC for 'too high' oil prices US President Donald Trump took aim at OPEC on Wednesday, blaming the producer group for "too high" oil prices ahead of its meeting next week in Vienna.
FUTURES 4: Oil firms after EIA data shows across-the-board draws Oil futures rose Wednesday after US Energy Information Administration weekly data showed draws in crude, gasoline and distillate stocks.
ARA-Med HSFO arbitrage flurry to be short lived: traders The newly revived Northwest European arbitrage to the Mediterranean is likely to be short lived as the rush to ship cargoes from other locations will overload the market, traders say.
Argentina eyes becoming net oil exporter in 2020 as shale output grows Argentina is on track to become a net oil exporter by 2020, led by growing output from the Vaca Muerta shale play, Energy Minister Juan Jose Aranguren said Wednesday.
NWE RMK 500 CST bunker fuel demand weakens on fewer fixtures east Demand for Rotterdam higher viscosity RMK 500 CST fuel has weakened over the past six weeks or so amid a lack of VLCC fixtures eastwards, traders said.
Shipping company Star Bulk Carriers orders 22 additional scrubbers Athens-based dry bulk shipping company Star Bulk Carriers has ordered 22 additional scrubbers to allow its vessels to continue burning high sulfur fuel oil in 2020 after global marine fuel sulfur limits are cut to 0.5%.
External: Marine Bunkering(Rotterdam)B.V.
FUTURES: Crude lower on US stocks data, EIA output forecast With the historic US-North Korea summit wrapping up in Singapore Tuesday, attention was now back on US inventory reports for the week.
Physical delivery of May ICE LSGO futures up to 602 lots The main buyers were said to be Glencore and Valero, while the main sellers were said to be BP, Mabanaft, Total and Vitol.
EU in daily talks to shield trade from Iran sanctions "We have set up a network of national focal points of all EU states to further coordinate and intensify our work," Mogherini said.
EIA STEO Highlights: 2 mil b/d world supply increase may by upended by OPEC, Russia Depending on the outcome of the June 22 meeting, the magnitude of any supply response is uncertain, EIA said.
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