Pyxis posts first-quarter profit Modest upward trend in spot rates seen for the remainder of 2018
UPS opens $163.1m facility by London Gateway The new facility will employ 500 people at the DP World London Gateway Logistics Park
World Boxship Fleet Update: Orders on hold as owners await delivery Yards face slim pickings for boxship orders as owners and carriers consolidate their fleets in the face of reduced scrapping
I heart Norway, but EEA is no cure for Britain's Brexit blues Calls to emulate Oslo's bespoke deal look like a political non-starter
HSBC makes first trade finance transaction using blockchain Documentation exchange took 24 hours to complete compared with the five to ten days needed in traditional transactions
Conoco reported to have seized PDVSA products from Curaçao refinery Products confiscated from the Isla refinery run by the Venezuelan state oil company
Pacific Basin to issue new shares to part-fund bulker buys With a dry bulk recovery firmly in place and purchase prices still attractive, Hong Kong-based Pacific Basin has agreed to...
Greece to open private maritime academy Graduates of the Warsash-backed academy will be certified by the UK Maritime and Coastguard Agency
Zim names Destriau as new chief financial officer Xavier Destriau joins Zim from LTF Partners, replacing acting chief financial officer Yohai Benita
Skuld books another steady surplus Results at Norwegian club in line with figures from previous year
Epic Gas sees improving rate environment Slowing fleet growth with few newbuilding orders, coupled with healthy demand growth, will support pressurised LPG shipping in the small-sized...
Maersk and MSC review Iran operations after US nuclear deal decision MSC is reviewing its business relationships with Iran to understand whether any are affected, while Maersk Line believes it has...
India's major ports may face indefinite strike action The workers have also called in for another strike on May 28
North Vietnam opens first terminal able to handle 14,000 teu containerships The move comes as carriers are cascading vessels of bigger sizes into Southeast Asian ports amid deliveries of ULCs and...
MISC earnings fall on weaker petroleum tanker market The group's revenue fell 32.3% year on year in the absence of a one-off gain in the year-ago period, lower...
Posidonia 2018: Smart shipping requires smart regulation and smart people Without a more holistic approach to industry changes that recognise the inextricably linked environmental, social and economic pillars of development...
Hapag-Lloyd remains in red amid 'challenging market' Hapag-Lloyd chief executive Rolf Habben Jansen says "the market environment is challenging", with any improvement not expected to have an...
Guangzhou announces $16bn maritime investment plan The government has promised Yuan100bn investment in maritime-related infrastructure, technologies and skills over a three-year timeframe
Capesize earnings at highest in almost five months Rally inspired by solid iron ore shipments from West Australia and Brazil to China
Thailand's RCL narrows loss as revenues rise The loss for the quarter comes after two quarters of profits that demonstrated seasonality of demand, with the first quarter...
US ethane and ethylene trades require another 100 ships, Stifel estimates Niche trades based on by-products of shale gas are expected to boom on US Gulf export infrastructure development
Singapore's POSH may chalk up $13m from Mexico arbitration Its offshore support vessel business made a revenue of $21.7m and a gross loss of $0.3m as utilisation rates rose...
Shipbuilding issues raised at Japan-China-South Korea summit Problems regarding fair competition will be further discussed at next year's G20 summit being held in Japan
Carnival opens Miami operations hub New fleet operations center is Arnold Donald-led company's third and largest such facility, the other two being in Seattle and Hamburg.
Ecochlor to fit BWTS on Angelicoussis ships US-based ballast water kit manufacturer set to equip close to one-third of Angelicoussis' fleet.
Exmar lands FSRU charter with Gunvor Trading house to take over employment of world's first floating barge-style FSRU.
Carnival to build port in Dubai Miami-based cruise major announces plans to erect 15,000-square-metre terminal in partnership with Dubai-based conglomerate Meraas as part of a new Dubai Harbour.
ABN AMRO profit narrows amid bad loans Dutch lender pays out more than triple in loan impairments in offshore service and shipping, other sectors.
Diana Shipping leads dry cargo stocks rise Positive outlook, improving rates and forecasts of a return to profit all help drive owner's share price.
Debt reprieve fuels Pyxis' quarterly results Product tanker specialist sees 'choppy' chartering activity in the months ahead.
Stealth Maritime plucks Toisa tanker Greek shipowner one of several moving on ships being sold by Clarksons for US court.
Hapag closing in on final 2020 vision, says chief executive German container line sets tentative August deadline for how it will meet new emissions laws.
HMM and PSA raising stakes in Busan terminal Korean owner and Singapore port operator to fully own joint venture.
OSV players optimistic on 2018 demand Clarksons Platou survey reveals 80% of owners and charterers expect ship use to rise.
Pacific Basin Shipping snaps up $88.5m quartet Deal is a near copy of major transaction inked by the Hong Kong-listed company last August.
Paris MOU fires 2020 warning European port state authority says it will take compliance with fuel regs "very seriously".
Vitaly Arkhangelsky loses 'awkward' $90m loan case Oslo Marine Group chief fails to persuade UK judge of $500m conspiracy by "ruthless" Bank St Petersburg to deprive him of shipping assets.
LNG market slide set to reverse, says Fearnley Securities Rates have hit the bottom and could climb to $100,000 per day in 2020, analysts believe.
Zim brings in CMA CGM man as CFO Israeli line appoints Xavier Destriau to replace acting finance chief Yohai Benita.
Harald Espedal to chair SolstadFarstad Investment specialist replacing Terje Vareberg after seven-year stint.
Hapag-Lloyd stays in the red during first quarter German container line says results are solid in challenging market.
MISC sees first quarter profit drop 55% Weaker tanker rates take their toll as Malaysian shipowner prepares for challenging year.
HSBC and Cargill hail groundbreaking blockchain bulker deal Encrypted trade finance transaction for soyabean cargo could pave the way for use in $9 trillion market.
Shearwater adds two more survey contracts Rieber/Rasmussen JV wins again in the North Sea.
Blast damages Turkish bulker off Yemen Cause of incident involving Ince Shipping vessel not yet clear.
Vallianz returns to the black for full-year Offshore vessel operator says OSV scrapping is starting to pick up in a move that will boost utilization.
South Korea diversifies LNG import sources in 2017 World's third largest importer taking increasing supplies from the US and Australia.
Liner sector continues to improve, but dangers lurk Optimism on the horizon in parallel to postponed containership deliveries, says Affinity.
Hueneme breaks ground on infrastructure project Joined by community members and project stakeholders Friday, the Port of Hueneme celebrated the groundbreaking of the terminal paving impro...
Silk Way West Airlines adds Liège flights Silk Way West Airlines announced that it is staying on its expansion course by adding regular flights between Liège Airport and its global ...
Daseke hires industry veterans to launch Fleet Services Daseke Inc., the largest flatbed and specialized trucking company in North America, on Monday announced the formation of Daseke Fleet Servi...
BlueGrace opening Chicago office, adding 80 jobs Chicago Mayor Rahm Emanuel on Monday joined BlueGrace Logistics , a nationwide third-party logistics provider, to announce the company is o...
Vietnam's new port opens for business Lach Huyen Port in northern Vietnam officially opened for business Sunday with the launching of the Haiphong International Container Termin...
NRF: U.S. container imports steady in March Major retail ports in the United States handled 1.54 million TEUs of containerized imports in March, a decrease of 0.7 percent compared wit...
White House: Infrastructure bill unlikely this year President Donald Trump and Congress are unlikely to produce any significant infrastructure investment legislation before the end of the yea...
FMC reviews 26 OTI license applications The U.S. Federal Maritime Commission has received 26 ocean transportation intermediary license applications and changes for review. Person...
FDA releases small business guidance for food safety compliance The Food and Drug Administration on Monday released the Small Entity Compliance Guide for meeting Food Safety Modernization Act requirement...
Saras says high oil prices as much of a worry as US Iran sanctions Italian refiner Saras said Monday it will continue to buy Iranian crude for now despite US sanction the CEO said
OPEC coalition has 'all the tools' to balance market after US's Iran move: Novak The OPEC coalition has "all the tools to balance the market" following the US decision to withdraw from the Iran nuclear deal, Russia's acting energy minister Alexander Novak said Monday.
ICE Brent/WTI spread above $7/b as NYMEX crude lags behind The ICE Brent/WTI spread jumped 80 cents to $7.24/b Monday, the widest it has been since May 2015, providing a strong incentive for US producers to export barrels overseas.
ARA fuel oil stocks rise 13% on static fixture list: PJK Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region rose 13% in the week to Wednesday to 1,150,000 mt, the latest data from PJK Consulting showed Friday, as no VLCCs or Suezmax vessels have been booked to take product east for May or June from Rotterdam.
Rotterdam Q1 bunker sales up 2.6% on year Total sales jumped to 2.54 million cu m, according to data released by the port authority Monday.
Maersk Tankers, Torm among others refuse to call at Iran ports: industry officials "We will not lift any cargo from Iran with immediate effect," a source at Torm said.
FUTURES: Crude oil still down on Baker Hughes data, supply concerns "Don't worry about supply ... I don't think there will be issues as a result of sanctions," UAE energy minister Suhail al-Mazrouei said.
Japanese shipowner fined $1 mil for illegal discharge of oily waste The practice came to light during a US Coast Guard inspection of the vessel on May 17, 2017.
ADNOC ships maiden crude cargo for India's SPR terminal in Mangalore The cargo of 2 million barrels of Abu Dhabi crude was loaded in the presence of ADNOC CEO Sultan Ahmed Al Jaber and Indian oil minister Dharmendra Pradhan.
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