Could Cosco still have eyes for Gener8? Chinese conglomerate revealed to have been a rival to Euronav in Gener8 deal, but speculation is rife that interest in...
Kea Trader salvage operation resumes New salvage contract expected to be announced in the next week as costs surpass $100m
How much of a threat is Yemen to international shipping? As disruption related to the war persists, motivations for piracy attacks remain ambiguous and solutions elusive
Shipping notes from Wall Street Alternative finance gets more complex but owners have the upper hand
Daily Briefing Miller Insurance declines to comment on what it says is a 'client matter' after International Group says proposed tender is...
UK shortsea capacity grows Total capacity rises but Scandinavia trade continues to decline
Ocean freight rates firm ahead of Chinese New Year Ships close to full on major east-west trades ahead of January 15 GRIs, but excess vessel supply will come to...
Ship calls at LA and Long Beach show long-term decline Overcapacity plagues southern Californian heavyweights as ship sizes increase and competition intensifies
Italy's RBD Armatori declared bankrupt Creditors have until April 10 to lodge claims for payments
ABS hires Lewis for media role Gareth Lewis leaves Associated British Ports for ABS
Cosco signs VLCCs deal with Sinochem State shipping giant eyes continued expansion of its fleet
Rescuers resume Sanchi firefighting operation Shanghai's maritime search and rescue officials request more fire extinguishing foam supplies from neighbouring provinces to battle the flames
Korean shipbuilders bet on environmentally sustainable vessels Industry participants expect demand for 'green' vessels to increase amid tightening regulations
South Carolina Ports seeks government funding for new terminal Future terminal in Jasper County, South Carolina to be jointly developed with Georgia Ports Authority
PSA and Institution of Engineers Singapore launch port and marine certification Global port operator will work with IES to identify skills needed to meet operational requirements for smart ports
Capital Product Partners buys aframax with attached four-year charter Tanker will be purchased from parent in drop-down transaction for $52.5m
LA port has best year due to better efficiency Facility says it saw the most cargo traffic ever in 2017 and moved the most freight of any Western Hemisphere port.
Singapore box traffic up from shipping alliance shuffle Cargo tonnage and bunker sales also benefited in 2017, according to Port of Singapore.
Greeks swoop on third Chevron tanker Horizon Tankers linked to deal for 2003-built aframax.
EMGS ship utilisation crashes back But Oslo-listed owner has reactivated one of two vessels for multi-client work.
Shanghai port profit surges in 2017 Chinese terminal made $1.8bn on a net basis last year.
Cochin Shipyard signs Mumbai shiprepair deal Indian shipbuilder to help expand yard facilities at domestic port.
Commerzbank starts Hapag coverage with 'buy' German bank says there is 35% upside to stock within a year.
More boxes removed as Kea Trader wreck rotates Salvors have removed all but 99 containers from stricken Lomar vessel.
Imabari buying rival Minaminippon yard Shipbuilder snapping up stakes owned by MES and MOL.
HHI 'moves ahead with $2bn Oilbank IPO' Korean yard group said to have brought in advisors to list refiner.
Russian tankers sold to repay bunker debt Volgo-Don Shipping Agency vessels auctioned by Ukrainian court.
Owner: Andromeda arms cargo not illegal Greek company says storage for explosives was offered in Libya, but it chose not to go.
UPDATE: Sanchi 'keeps exploding' Blasts on stricken NITC suezmax hampering firefighting and rescue efforts.
Tiger Bulk registers Scorpio Bulkers shares for sale Company may divest 2.1% interest acquired in November as part of sale of three ultramaxes to New York-listed SB.
Executive Moves: TraPac, IANA, American Maritime Partnership and Odfjell Source: Pressmaster/Shutterstock TraPac appoints new president and CEO; IANA installs 2018 board of directors and officers; the American Mar...
French ports will be linked to Switzerland via rail Naviland Cargo and the French ports of Marseille Fos and Le Havre are launching a rail shuttle container service to Switzerland in mid-Marc...
Delta Airlines sees cargo revenues soar 14.4% in Q4 Delta Airlines increased cargo revenues 14.4 percent for the fourth quarter of 2017 compared to the same period in 2016, driven by higher v...
Rhenus snatches up Pirâmide SeaAir The Rhenus Group acquired Brazilian customs broker and software provider Pirâmide SeaAir Comércio Exterior this month, the company announce...
WLS: Post-peak season carrier capacity drops marginally on major east-west trades In the fourth quarter of 2017, ocean carrier capacity decreased slightly across two out of the three major east-west trades following a rel...
Boeing unveils cargo drone for last-mile deliveries U.S. aerospace manufacturer Boeing unveiled a working prototype cargo drone on Thursday with the end goal being "the ability to carry hundr...
GAO report details CBP failures to verify licenses for radiological imports U.S. Customs and Border Protection (CBP) airport officials have not verified licenses for some radiological imports and its processes do no...
Commerce submits results of national security investigation of steel imports to Trump Commerce Secretary Wilbur Ross on Thursday formally submitted to President Donald Trump the results of an investigation led by his departme...
Port of Felixstowe begins next phase of expansion efforts A new paved container yard will be constructed at the port for increased container storage and handling. Hutchison Ports Port of Felixstowe...
US to renew 120-day waiver on oil-related Iran sanctions for the last time US President Donald Trump said Friday he will renew for another 120 days waivers on sanctions targeting Iranian oil sector but warned Congress and European allies that they need to fix the nuclear deal or the US would withdraw from it.
Nigeria oil production rises to 2.06 mil b/d on higher exports: ministry Nigeria's crude oil production, including condensates, rose to 2.057 million b/d in December on higher exports along with stronger production from some of the key fields, the oil ministry said Friday.
Russian Novak says $70/b oil price may be short term; early to speak of output cut deal exit: report High oil prices that hit three-year high level of $70/b this week do not necessarily mean the oil market has balanced as they could be of a short-term nature, with the OPEC/non-OPEC coalition to continue monitoring the situation on the market, Russian energy minister Alexander Novak said Friday.
OPEC/non-OPEC deal should end smoothly if oil above $70/b over 6 months: Lukoil OPEC and non-OPEC crude producers participating in the joint output cut deal should smoothly exit the agreement to curb their production if the oil price stays at $70/b for some time, CEO of Russia's second-largest oil company Lukoil, Vagit Alekperov, said Friday, warning, however, against "hasty actions" amid an unstable market.
ARA fuel oil stocks up 10% to 1,035,000 mt: PJK Fuel oil stocks at the Amsterdam-Rotterdam-Antwerp hub rose 10.2% to 1,035,000 mt in the week to Wednesday, data from PJK International showed.
FOB Rotterdam HSFO barge crack plunges to 18-month low High sulfur fuel oil FOB Rotterdam barge cracks have fallen to their lowest levels in 18 months due to the surge in ICE Brent crude futures and weak fundamentals, unable to counter the downward pressure coming from the crude market.
Strong winds to disrupt Istanbul weekend bunkering: sources Strong winds are expected in the Eastern Mediterranean, particularly Istanbul, over the weekend but this has left suppliers divided as to the impact on bunkering activity.
Singapore 2017 bunker sales grew 4.2% to record high of 50.6 million mt Spurred by global trade growth, repositioning of shipping alliances.
External: Wired Bunkering
INTERVIEW: Italy's Fratelli Cosulich eyes over 5% growth in bunker sales in 2018 "Volumes in Singapore are likely to be steady to higher in 2018," Cosulich said.
FUTURES: Crude steady to lower; eyes on US Iran sanctions decision The bullish scenario is built-in and profit-taking is due to happen soon, Tony Nunan, senior adviser at Mitsubishi Corporation said.
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