International Seaways closes six-VLCC deal with Euronav Acquisition solidifies International Seaways' position in the middle-tier of publicly traded tanker companies in the US
Blockchain-based marine insurance platform tries to recruit users Blockchain platform Insurwave claims to streamline processes, but it needs more participants to come on board to see whether it...
Political forces curb tanker trades with Iran again Recurring scenes for both crude and product tanker owners as sanctions hit Iran trades, while booming LPG trade could also...
ESC condemns emergency bunker surcharges as price signalling A complaint has been made by the European Shippers' Council competition commissioner about emergency bunker charges
Rising fuel costs hurting US shippers on land and at sea Surging cost of hinterland connections from ports is increasingly being reflected in 'all-in' ocean freight transpacific contracts
'Political monster' casualties more expensive because of unlimited liability Marine mutual holds annual general meeting in Gothenburg today
Brussels calls for input on consortia block exemption The European Commission will hold hearings in the third quarter of the year ahead of a decision on whether to...
APL launches new Asia services New loops offered between China and ports in Indonesia and Australia
Rolls-Royce restructure will not see jobs cut from marine unit Rolls-Royce is cutting 10% of its workforce but none of the job losses will hit the marine business, which has...
US to decide on China tariffs President Trump has threatened to raise tariffs on up to $150bn of Chinese goods in response to complaints about Beijing's...
Maritime employers showing 'complacency' over pensions provision Undervaluing employee pensions provision could lead to talent gap
Daily Briefing Carrier reliability: A day late and a dollar short | Maersk and MSC plan more speed cuts in punctuality drive...
Viewpoint: Buying bio-safety If the Australians guaranteed that box charges would be hypothecated to quarantine services, perhaps there would be less resentment of...
Crew member killed in tanker explosion Situation on board was under control and the rest of the crew was reported as safe
Dorian investor see 'overdue' consolidation Overbuild in the gas ship industry has given the advantage to charterers, and not to shipowners.
Seaways set to surprise New York owner on the verge of rescuing initial deal to buy six VLCCs from Euronav after it had appeared relegated to smaller buy only last week.
Shippers call bunker surcharges 'unjustified' Main trade body for cargo interests wants to make anti-competition regulator aware of surcharges.
For latest aspiring owners, does the Oslo shuttle still reach New York? What worked for Scorpio Bulkers and Dorian LPG but failed for Navig8 and so far Hafnia Tankers now looms as a conundrum for newest crop of IPO hopefuls
Day talks 40 years of change in marine finance But she's quick to point out the change has not all been for the good
German innovation widens scope for fresh sources of capital Retrenchment of shipping banks has led to creative thinking designed to put the ship-finance bandwagon on the road again
Portugal makes case for place on China's Maritime Silk Road China and Portugal are increasing their cooperation on shipping and maritime issues, and the deepwater port of Sines could be the next and most distant pearl on China's string
Hoegh Autoliners aims to put price fixing challenges in rear-view mirror New chief executive discusses efforts to get out from the legal cloud, plans to grow new and existing markets, and the different contributions from the company's Norwegian and Danish backers
Bergshav hunts aframax tankers as profit doubles Owner primarily after Asian-built tonnage to boost its 14-strong fleet
Vroon offloads third product tanker
Deal for VLCC trio up for grabs as pace of Chinese finance slows Lease financing deal for three Landbridge units faces competition from Europe as ship-finance houses in China struggle to meet investment targets
Gaps in world trade regulation let China build 'Great Wall at sea' Beijing wields an unhealthy amount of power when it comes to global trade and corporate regulation - not least in shipping, where the conflicts of interest have multiplied
Kmarin newbuild plan faces doubt over 'financial muscle'
Scrubbers, LNG and compliance defined Posidonia 2018 agenda Threats and opportunities presented by tightening environmental rules proved the most potent talking points at this year's gathering of the shipping world in Athens
Alibra Shipping makes a splash with end-of-Posidonia pool party
Can shipping's borrower elites hang on to their 'privilege'? Veteran banker says line between 'haves' and 'have-nots' could become blurred if banks adopt sensible repricing of risky shipping debt
Regional Japanese banks on pace for ship-finance entry Tokyo 'mega' banks grow wary as local rivals increase liquidity and visibility in domestic ship-finance market
Griffiths finds true calling after rebranding Morgan Stanley man is miles away from his former life in Vancouver and the audit books of local owner Teekay
London P&I Club opts for new home in the sun P&I mutual, which boasts a strong Greek and Mediterranean membership, is 'satisfied' as it decides to make Cyprus its post-Brexit domicile
Pink is the new black - or blue, or grey
Braemar's Evans wins bumper £500,000 pay-off Manner in which details of Louise Evans' payout were disclosed has sparked speculation as the reasons for her departure remain unclear
Online auction site 'sets benchmark with first sale'
Rickmers and MTT opt for scrubbers on newbuildings Owners see the logic of adding exhaust systems to BengalMax containership series
Sea Consortium buys its largest vessel ever as spree continues
BP clearout continues as Naftomar secures VLGC
SCF shows interest in icebreakers and MR tankers
Sovcomflot gears up for its first LNG-fuelled aframaxes Charterers showing 'huge interest' in tanker newbuildings, says executive
Newbuilds unlikely as LNG Croatia puts price cap on regas unit
Qatar finally gets a toehold in FSRU sector
Lebanon unveils potential bidders for FSRU trio List includes some unexpected pairings as floating regas project action hots up in the face of fresh LNG volumes coming onstream
Sudan issues formal tender for country's first FSRU
World's two oldest LNG ships sold for demolition Brunei Gas Carriers sheds the last of the old guard, bumping up LNG carrier scrap sales for this year to three
SGMF's LNG bunkering tool set for wider industry roll-out
Nineteen OSVs return to North Sea out of long lay-up
Ever-fewer North Sea rigs in need of AHTS support A rise in dynamic positioning on rigs partly explains why owners of AHTS vessels are seeing slack demand at the moment, says Westshore
Africa adventure success for Augusta Energy Nascent product trader's activity spreads to 20 countries as it makes debut in crude sector with Nigerian exports
Indonesian sun begins to set on Japanese aframax trades Shipowners cut back as route that was a pillar of Asian trades continues to shrink
Bryggen slims period fleet as profits slump
Marinakis cuts $122m Iraqi deal for VLCC trio Long-term charters herald first step in fleet expansion plans for Dubai-based joint venture Aissot
Transpetrol sells cash cow MR to IMS
Qatari aggregates outfit bulks up with panamax pair
Tributes pour in for top Hamburg broker Peter Gast Henning Oldendorff and Heinrich Schoeller speak of a 'very impressive man' and good friend, who passed away on 5 June
CBC Holding banks $45m from bulker sale Capesize fetches a very strong price despite being sold with time charter attached.
Is container shipping industry boxed in? During the past several years, shippers have watched containerships grow dramatically in size, mergers and acquisitions rapidly reduce the ...
HMM joins New York Shipping Exchange Hyundai Merchant Marine has become a member of exchange board of the New York Shipping Exchange according to a filing with the Federal Mari...
Maersk adds Marseilles to Med-Mideast loop Maersk Line is adding its second new call to the Port of Marseilles Fos in as many weeks, according to a statement from the Marseilles port...
How to be shipper of choice in carrier market As tight truck capacity across the nation continues to challenge supply chains, it's important for shippers, carriers and 3PLs to work toge...
DNB pioneers carrier earnings forecast model DNB Markets has partnered with ocean freight rate benchmarking and market intelligence platform Xeneta to develop what it is calling a "cry...
SCPA secures $49 million for harbor dredging The South Carolina Ports Authority said it has received $49 million in federal funding for the Charleston Harbor Deepening Project. Alloca...
European shippers protest bunker surcharges The European Shippers' Council has sent a letter to European Commissioner for Competition Margrethe Vestager calling emergency bunker surch...
Talking Trade with NCBFAA President Amy Magnus A.N. Deringer Director of Customs Affairs and Compliance Amy Magnus took over as president of the National Customs Brokers and Forwarders A...
Commerce eyes alleged propane cylinders dumping The U.S. Commerce Department will conduct investigations into alleged dumping of steel propane cylinders on the U.S. market by China, Taiwa...
FUTURES 5: Headwinds for ICE Brent as Saudis, Russia eye output boost Crude and product futures held steady throughout much of the US trading day Thursday despite fresh indications that Saudi Arabia and Russia would agree to increase output.
ARA fuel oil stocks rise 30% on week amid static arbitrage east: PJK Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub rose 30% to 1,481,000 mt in the seven days to Wednesday, according to the latest data from PJK Consulting released late Thursday, with no VLCCs or Suezmaxes leaving Rotterdam for Singapore over the period.
TANKERS: Long Range 1 freight on Med-Japan route hits 19-month low Long Range 1 tanker freight rates on the route from the Mediterranean to Japan have dropped to a 19-month low on thin naphtha demand in Asia, while West African demand has been on hold with Nigeria drawing from offshore gasoline supplies over the past two months.
Saudi power generation demand surge boosts Europe HSFO draws: traders Fuel oil exports to Saudi Arabia from Europe for air-conditioning requirements have surged over the last six weeks which has helped to make a dent in the previously oversupplied Northwest European market, sources said.
Container giants MSC, Maersk eye slow steaming to cut costs amid rising fuel prices Slow steaming is to become a more prominent feature on some routes for container shippers as industry leaders Mediterranean Shipping Company (MSC) and Maersk look to cut costs and improve reliability, the companies confirmed Wednesday.
Bunkering at Malta faces limitations due to bad weather Bunkering operations at Malta were facing limitations due to bad weather Thursday, a spokesman for the port authority said Thursday.
External: Marine Bunkering(Rotterdam) B.V.
FUTURES: Crude remains low on record US production Downside risks from slower economic growth and geopolitical tensions have weighed in on current oil prices, analyst at Phillip Futures said.
Expected Chinese evasion of US sanctions on Iran clouded by trade, diplomatic talks China would not cooperate with re-imposed sanctions unless it got a big concession from the Trump administration,a former State Department official said.
OceanConnect Marine Trading trades for 1st time in S Korea's bunker fuel MOC process The last time bunker fuel changed hands during the South Korean bunker fuel MOC was in December.
Iraq restarts pumping through vital 40,000 b/d northern oil pipeline The pipeline can carry up to 40,000 b/d of crude from the Kirkuk oil hub south to the Baiji refinery.
US' Trump takes aim at OPEC for 'too high' oil prices An indirect signal to US ally Saudi Arabia to open up the taps.
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