Shipping offers cautious welcome to outline Brexit plan UK Chamber of Shipping urges politicians not to obstruct progress, while Nautilus union highlights risks to future employability of British...
Seanergy clinches leaseback refinancing with Cargill Greece-based capesize owner Seanergy has unveiled a landmark transaction to refinance one of its vessels with Cargill, which has acquired...
Epic Gas expects 6% growth in LPG volumes Epic Gas chief executive says he will not be investing in scrubbers since his fleet's fuel consumption is low
Maersk turns focus to capacity management Slower steaming as fuel costs rise will help Maersk improve schedule reliability and vessel utilisation
MPCC orders five scrubbers with option for 50 more Oslo-listed feeder specialist says it sees 'significant interest' from charterers for scrubber-fitted vessels and is in well-advanced negotiations for mid-...
Hong Kong policy address rekindles hope for maritime growth Hong Kong chief executive Carrie Lam's second policy address, delivered last month, is unprecedented for its focus on maritime measures...
Naval vessel sinks following collision with tanker Several wires had been attached to the frigate to prevent it from drifting
Hyundai Merchant Marine's losses widen on high fuel costs South Korea-based carrier says it will speed up moves to acquire megaships and terminals backed by recently secured funding
Daily Briefing Standard Asia sets out tie-up benefits for Ping An clients | IEA sees Asia dominating energy demand by 2040 |...
INTTRA survey calls for liner shipping standardisation The inability to share data and interoperate across the supply chain is the root cause of many issues for the...
Maersk earnings rise in third quarter of the year Integration of transport and logistics businesses begins to pay off as revenues rise
Nam Cheong exits restructuring with return to profit Stable outlook seen from Petronas jobs and brownfield projects
Global Ship Lease fixes feeder ship with CMA CGM Global Ship Lease, created by a $1bn spin-off from CMA CGM, is in the process of merging with Poseidon Containers
ICS's Poulsson sees challenges to global trading order More than half of global shipping demand now comes from China and the emerging markets
Morgan Stanley scraps Enderby Wharf plan New York-based investment bank shelves plan for cruise terminal on Thames River over voiced pollution concerns.
Cargill takes Seanergy Maritime stake as leaseback deal closes Trader takes stock in capesize specialist as part of leaseback transaction for a single vessel.
AP Moller-Maersk chief strikes takeovers and big boxship orders off the menu for 2019 Clear statements on capital expenditure continue spending narrative from Soren Skou
Banks: Scrubber financing is 'very risky' Lenders say they need to be 'very careful' in providing money for exhaust gas scrubber installation projects.
Poten offers note of caution as LNG spot market runs hot High-riding spot rates for LNG carriers easily come back down to earth, Poten & Partners has warned. "Economics, as we know, is at the margin and small changes in the amount of exports that go to Asia will make large changes in the spot rates," Poten's Jefferson Clarke told Marine Money attendees on Wednesday. Sinokor cans demolition ship sale as LNG rates hold strong Spot rates for LNG carrier
Nova and Algoma form bulker joint venture Canadian and Swiss owners team up to operate four cargoships from Lugano.
Sovcomflot strikes $149m loan for LNG carrier Facility with three existing lenders is the latest in a line of new loans for the Russian company this year.
Sea Consortium orders boxship double Singapore owner inks deal for two vessels in China.
OSM Maritime Group secures deal to manage five Transpetro shuttle tankers OSM Maritime Group has secured a deal to manage five shuttle tankers for Transpetro in a move that will double its fleet in the sector, sources said. The Bjorn Tore Larsen-backed company, in which Oaktree Capital Management is now a major shareholder, has taken on full technical management of the quintet, which are trading in Brazil. Oaktree takes big stake in shipmanager OSM Geir Sekkesaeter s
Diamantidis companies order 10 scrubbers plus options Marmaras and Delta to fit exhaust cleaners on bulkers and an aframax.
Algoma to bank $85m for cancelled bulkers Owner tore up contracts for four ships at struggling Uljanik Group.
Capesizes' fourth-quarter outlook dims amid Chinese demand and BHP disruption BHP train derailment triggers doubts over capesize market strength as the supposed fourth-quarter rally is failing to materialise
Mystic adds two cruiseship newbuilds with seven more to come Portuguese owner returns to WestSea Viana yard for expedition vessels.
Novatek ships first Yamal LNG to CNOOC Russian producer sends Arc7 carrier through NSR to China in 20 days.
Hesnes lifts profits despite 'challenging' market Norwegian firm says it is satisfied with its financial performance.
Vrontados linked to purchase of Greek-owned kamsarmax bulker Likely buyer emerges after brokers had earlier reported ArcelorMittal as behind the purchase of Capital Management's Olga V
Gulf Navigation falls to a loss Middle East tanker owner Gulf Navigation has slipped to a loss in the third quarter. The company said the net deficit was AED 2.9m ($0.79m), against an AED 12.36m profit a year ago. Revenue was AED 39.31m from AED 39.09, but operating costs rose by AED 3m and adminstrative expenses were also up.
MPCC could fit scrubbers to 55 ships Oslo-listed owner buys five kits with 50 options attached.
Cargoship sinks with unauthorised passengers Russian prosecutor starts probe with three people missing off Russia.
Seafarer killed on cargoship in Norway Filipino man suffered accident involving wheel loader at Drammen.
Torm joins scrubber debate asking where superior options exist right now Jacob Meldgaard says scrubbers are no worse than other viable alternatives to meet IMO 2020.
HMM eyes IMO 2020 surcharge as loss grows Korean owner hit by higher fuel costs in third quarter.
Dof Subsea raises $106m in bond sale Norwegian OSV owner paying off earlier debt with new issue.
Share your thoughts on shipping's great scrubber debate Do you agree with Paddy Rodgers or are you team Hamish Norton?
Mangalia sale pushes DSME to a loss Korean yard turns red in third quarter due to one-off charges.
Looming cascade effect may cap peak season reefer rates Larger vessels that have been pushed out of the fruit segment are now entering the frozen sector, creating a glass ceiling for traditional trades
Moundreas VLCC sale shows upward shift in tanker values Greek shipowner has sold a veteran tanker in a transaction showing a firming asset price trend.
Daesun clinches Hanil ro-pax newbuild Korean yard announces second order this month.
AP Moller-Maersk bounces back into the black Slimmer operation benefits from higher freight rates and volumes in the third quarter.
Singapore panel backs owner in cargo delay row Arbitration tribunal rules in favour of shipping company in dispute with charterer over alleged losses.
Bertram Rickmers builds private feeder fleet with help of son Clasen New chartering company to be formed with commercial responsibility for China boxship newbuildings.
Improved LPG market helps push Epic Gas into the black Singapore-based LPG specialist says charter rates have improved by 27% year-on-year.
Avenir LNG completes $110m private placement Shares in Stolt, Golar and Hoegh-backed vehicle set to start trading from Wednesday.
Team Tankers suffers loss in third quarter Weaker rates take their toll as chemical tanker owner takes more technical management in house.
Report: U.S. should counteract China's trade practices The U.S.-China Economic and Security Review Commission recommends the U.S. government consider bringing a type of WTO case scarcely used against China.
Maersk earnings boosted by Hamburg-Süd acquisition Largest container carrier reports a 31 percent increase in revenue and a profit of $360 million in the third quarter.
EPA sets course for cleaner trucks
California couple fined and jailed for illegal exports
Airlines land fines for mishandling U.S. mail
FMC reviews 14 OTI license applications
Logistics organization ready to provide aid in California
Run rates at China independent refineries hit 8-month highs
Abu Dhabi's Bu Hasa oil expansion moves ahead Abu Dhabi's expansion of the Bu Hasa oil field moved forward Wednesday with the award of a major contract for the $1.4 billion upgrade to add 100,000 b/d to capacity by the end of the decade.
IEA flags return to oil stocks overhang Oil stocks in OECD countries likely moved above the five-year average in October and could rise by 700,000 b/d in the fourth quarter as surging US output reduces the need for OPEC crude, the International Energy Agency said Wednesday.
Crude settles higher, snapping longest-ever WTI downturn Crude futures settled higher Wednesday, ending 12 consecutive days of declines.
European FO market supported by loss of Iranian barrels, tight supply The loss of Iranian fuel oil exports is supporting the high sulfur fuel market as Saudi Arabia compensates for the disappearance of Iran in the oil market by exporting its crude and instead running fuel oil in its power generation plants, boosting demand for imports from Europe.
BIMCO adopts two bunker clauses to aid compliance with IMO 2020 rule It is very important that the new sulfur clauses are ready to allow to prepare ahead of January 1, 2020, Eckhardt said.
FUTURES: Crude down as OPEC revised demand growth lower in 2019 The demand growth forecast was revised down for the fourth straight month amid global economic development uncertainties.
IMO 2020 expected to tighten jet fuel market in medium term The futures market has already begun to reflect a consensus of a tighter aviation fuel market in 2020, a strategist said.
TANKERS: Tight tonnage pushes Black Sea Suezmaxes to highest since mid-2015 Many charterers are looking at Mediterranean grades as a replacement for Iranian crude volumes.
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