E-commerce giants will punish poor service by taking over themselves, warn freight forwarders Amazon and Alibaba are likely to eye up the possibility of taking over a carrier unless sector reliability makes them...
ONE's Nixon expects teething problems around booking to end this month Familiarising staff with NYK booking systems proved trickier than expected
Carrier consolidation proving little benefit to customers The problems will continue until carriers and shippers find answers together, says Nestlé head of global logistics procurement
Iran trade implications unclear, say forwarders Countries outside the US are trying to keep together the Iran deal without having the US on board
Court ruling against Essar in loading case clarifies liability rule Shipowner Agile emerges with complete indemnity after arbitration overturned
Cosco Shipping Singapore returns to profit Cosco Shipping International (Singapore) recorded a $2.1m net profit in the first quarter after the business restructuring
Will dragonflies delay the Elbe dredging? Attendees at Global Liner Shipping downplay significance of new intervention by NGOs
US sanctions expected to make NITC the main carrier of Iranian crude Maersk Tankers stops taking orders related to Iranian trades while some others adopt wait-and-see approach
Shipping consolidation 2.0 Mergers and acquisitions have picked up pace since 2017 with six major deals valued at $4.7bn
Braemar's net loss widens after acquisitions Company posts a loss of £2.9m ($3.9m) compared with a '489,000 loss a year earlier
MOL booked over $500m losses from vessel chartering to ONE The losses cover the entire chartering period of the vessels but are adjustable based on annual changes of market conditions
Full effect of carrier consolidation forecast to come in 2019 Rolf Habben Jansen expects further mergers in the months ahead, but not on the scale seen in recent years
DFDS raises $160m to finance fleet renewal DFDS bought UN Ro-Ro, comprising12 vessels and two port terminals, in April for about $1.1bn
Medium-size boxships facing extinction Focus on large-capacity containerships is likely to lead to a shortage of medium-sized vessels as current fleet ages, the Global...
Blockchain is 'a money-burning disaster' Lack of industry-wide standards means moves to digitalise are fragmented
Star Bulk to add 18 ships to fleet New York-listed Star Bulk says the acquisitions are expected to provide it with economies of scale
Angelicoussis to retrofit 36 vessels with Ecochlor ballast systems Greek owner opts to install the systems that can meet IMO and USCG regulatory requirements
Gener8 presents final results before merger vote Gener8 is granted debt covenant waivers until June 30 after non-compliance with interest coverage ratio
Nordic American Offshore widens loss Herbjorn Hansson-chaired PSV operator stays optimistic on North Sea market.
Star Bulk now 'dominant' dry bulk name Analysts praise acquisition of Songa fleet, but caution that benefits will accrue over time.
Tidewater not worried about competitors Restructured OSV owner sees itself at financial advantage as market begins to recover.
International Seaways nearer fleet renewal Diversified tanker owner sells more vintage tonnage in preparation for taking Gener8 VLCCs.
Borr taps debt market to buy unwanted rigs Offshore drilling rig owner issues first convertible debt offering as it waits to take delivery of five new rigs.
Mermaid rosy on 2018 despite return to red Thai-backed offshore ship operator expects offshore industry to be 'dramatically improved' as it registers a $6.18m loss for the first quarter.
Billung credits Clarksons as Star Bulk deal strips away Songa Bulk's 'boring' tag Executive opens up on deal that takes $1.2bn dry cargo giant to Oslo Capital Markets.
Kyklades pulls the plug on Sungdong aframaxes Greek owner cancels deal for five newbuildings after Korean yard files for receivership.
Cosco returns to profit for the first quarter Singapore-listed firm's late April predictions for positive results come true after acquiring two logistics businesses.
BP secures five Vroon OSVs over two years Oil major can extend ERRV charters to up to five years, Dutch owner says.
Kidwell confident of Braemar Response sale Chief executive says plan is to remain diversified as London-listed group prepares to offload casualty response activity.
TTA bulker profit hits eight-year high Thai owner says average daily rates jumped 46% in first quarter.
Navios Holdings racks up quarterly loss Major dry bulk operator sees improved top line and rate environment, but expenses overwhelm.
Blystad thinks outside box to continue bulker asset play Songa Bulk's failure to perform in capital markets like it did at asset play helped drive Star Bulk combination.
Silversea inks $381m ship at Fincantieri Monaco-based owner returns to Italian yard for third vessel in expansion drive.
CNOOC orders FPSO at Beihai Shipyard Chinese producer to expand its fleet with unit due in 2020.
German auction site hits S&P market All German on-line auction site has goal is to create a transparent sales and pricing platform.
DFDS raises $160m for U.N. Ro-Ro takeover Owner's private placement of shares significantly over-subscribed.
Eastern Mediterranean bulker survives second attack off Port Harcourt Greek owner confirms supramax has been targeted, but crew are unharmed.
Viken Shipping aframax holed in collision Tofteviken suffers nine-metre hull gash in New York clash with fishing vessel.
Commerzbank eliminates drag from ship finance Revaluation of maritime book sees lender cut out loan losses in first quarter.
Eidesvik strikes charter deal to 2025 Owner extends Seven Viking agreement with Subsea 7 as it falls to loss.
Braemar finance chief standing down Louise Evans pursuing other interests after deciding not to stand for re-election at AGM.
Naves deal helps boost full-year results at Braemar London-listed shipbroker also sees technical business return to profit as shipbroking arm builds forward orderbook.
PSV player SD ready to profit from upturn Fleet of 20 vessels well-positioned to cash in on recovery, Martin Nes says.
Engelhart loses claim for non-existent cargo Lloyd's syndicate triumphs in court row over containers containing worthless copper slag.
New Zealand biofouling laws come into force New rules aim to protect marine environment and local aquaculture industries.
Austal gives green light to regional expansion Aussie fast ferry specialist to increase capacity at existing Philippines and Henderson yards.
Star Bulk Carriers to buy Songa Bulk fleet US-listed Greek owner also set to apply for secondary listing on the Oslo stock exchange.
Ezion to jettison jack-ups, tugs and barges Singapore-listed offshore vessel operator to dispose of assets facing low utilization.
T.S. Lines boosts reefer capacity Taiwan's T.S. Lines Ltd. has purchased 1,000 PrimeLINE container refrigeration units from Carrier Transicold. Carrier said the purchase wi...
Gravity Supply Chain secures new funding Logistics technology startup Gravity Supply Chain has garnered $7 million in new funding from venture capitalist group Wavemaker Partners t...
U.S.-flag cargo on lakes down 14 percent in April U.S.-flag Great Lakes freighters moved 6.1 million tons of cargo in April, a decrease of 14 percent compared to a year ago. The April float...
SSA Containers president will receive Connie Award Edward Anthony DeNike, president of SSA Containers, a division of Carrix, and a 50-year veteran of the international shipping industry, wil...
Port of Oakland sets box import record in April Container volumes at the the Port of Oakland are up 2.9 percent to791,371 TEUs through the first four months of 2018 compared with the same...
Long Beach volume growth continues Port of Long Beach terminals handled 618,438 TEUs of containerized cargo in April, an increase of 10.8 percent from the same month a year a...
Canadian government invests in Montréal's port The Canadian government is dedicating $45.8 million Canadian in funding for road infrastructure adjacent to the port in the City of Montréa...
WTO members anxious about rising trade tensions Forty-one members of the World Trade Organization say they are concerned about rising trade tensions and the potential for a resulting incr...
Trump tells Commerce to get ZTE back in business As the Trump administration appears to be reconsidering its stance regarding Chinese telecom giant ZTE in the context of ongoing bilateral ...
ICE Brent/WTI spread reverses course, narrows slightly The ICE Brent/WTI spread narrowed Tuesday after having reached its widest level in three years Monday, as a steady climb in US production weighs on NYMEX crude, sending a strong signal to export more barrels.
ConocoPhillips 'not close' to recouping $2 billion of Venezuelan assets: CEO ConocoPhillips has begun the process of recovering over $2 billion in Venezuelan global assets that was awarded last month by an international trade court, but is "not close" to locating and taking back that sum, the company's CEO said Tuesday.
Bunker trading houses shouldering more financial risk in stronger market: sources Bunker buyers usually need a trading house with risk appetite to shoulder the financial risk, sources said.
FEATURE: Power sector's thirst for fuel oil after IMO low sulfur cap shifts bunker demand A vast amount of excess heavy fuel oil will be available at a hefty discount.
TRADER NOTE: Fuel oil trader Tan Ying joins China Merchants Energy Trading Prior to that, Tan worked with Sinopec Fuel Oil (Singapore) for seven-and-a-half years.
Ten tankers anchored, awaiting payment from PDVSA for refined products Payment has been coming, but very slowly, a source said.
OPEC has "buffer" capacity to cope with loss of Iranian barrels, says UAE's Mazrouei Iran is OPEC's third-largest producer with 3.83 million b/d of output in April, according to the latest S&P Global Platts survey.
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