D'Amico inks second product tanker deal in two days The sale and leaseback deal adds to liquidity needed for the company's fleet renewal programme
Yilport makes offer for Taranto Container Terminal Turkish conglomerate aims to bring services back to southern Italian port
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The Interview: Sveinung Støhle The Höegh LNG chief has seen highs and lows of the industry. While the LNG trade is widely expected to...
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Ocean Yield to maintain rapid pace of expansion Oslo-listed lessor has spent more than $500m in ship investments per year since its 2013 IPO
Jefferies predicts higher shipping costs for miners An increase in realised iron ore prices should offset the higher shipping costs for Australian miners Fortescue, Rio Tinto and...
Fincantieri secures LNG order from TUI Cruises The TUI-Royal Caribbean joint venture will get the new ships in 2024 and 2026
Forwarding sector has 'mixed feelings' over Brexit plan Cautious welcome from BIFA as FTA supports UK proposals
Technological 'mishmash' of old and new is a transitional phase The industry should be focusing on how the next generation of ships will be profitable rather than on the mishmash...
DP World threatens legal action over Djibouti trade zone Disputed concession remains in place despite government's actions
Ship Finance sells three VLCCs to ADS Frontline terminates the charter deals for the ships and will pay $10.1m compensation
Australia bans Chinese bulker for underpaying crew Australia says it will not tolerate mistreatment of crews
Maersk looks to Liverpool as Felixstowe continues to struggle 2M alliance shifting two calls to Liverpool from Felixstowe for three months
The power of externalities With strong supply-demand signals, external factors such as Washington's policy preferences have become the strongest risks to shipping markets
Wärtsilä nets $198m scrubber retrofit order The unnamed company will install the scrubbers on vessels larger than 10,000 teus
Chinese emission rules will inflate secondhand prices The price of 15- 18-year-old ships will fall, while the price of five- to eight-year-old ships will rise, Hartland shipping...
Daily Briefing Shipping can't take the politics out of Brexit | UK maritime industry reacts to Brexit blueprint | Exclusive interview: Sveinung...
Gas carriers boost HHI new orders But the lacklustre performance in its offshore division has offset the improvement
Yilport makes move for Italian boxship port Italian terminal would add to holdings in Turkey, Norway, Sweden, Portugal, Spain, Malta, Ecuador and Peru.
Okeanis tanker grounds in Suez Canal under pilot A laden Okeanis Eco Tankers suezmax has grounded while under pilot in the Suez Canal. Newly-listed Okeanis said in a statement the 159,000-dwt Kimolos (built 2018) touched bottom while transiting the waterway. While the ship has suffered some damage to the hull, there are no reports of any pollution or injuries following the incident. Okeanis Eco Tankers nets $100m ahead of listing Okeanis sai
Scorpio hikes convertible swap by $15m Extension reduces next year's repayment while boosting new convertible issue over $200m index threshold.
PGS loses final $11m appeal against GC Rieber Norway's supreme court awards claim and costs in row over payment for seismic ship.
Arctic: mid-year bodes well for capesizes Investment researcher foresees further upside for biggest bulkers entering in second half of year.
Color Line buys and charters back Finnlines ro-ro Norwegian group sending Finncarrier back to Grimaldi owner until January.
Jinhui Shipping buys offices for $8m Hong Kong bulker owner wants to diversify a little from cyclical shipping markets.
Wartsila signs $198m scrubber deal UPDATE: Sources link MSC as the owner fitting exhaust cleaners on its fleet.
Fredriksen sells VLCC trio to Larsen's ADS Crude Carriers Tycoon's Ship Finance is investing in the sector newcomer which is lining up a Merkur Market listing.
Doun Kisen supramax sold Greek buyers are suspected behind the purchase of 10-year old supramax
Smit crane vessel heading to burnt-out boxship Oil spill response teams also in place in case of leaks from grounded SSL Kolkata.
d'amico International Shipping inks leaseback deal Transaction is the second in as many days to raise the shipowner's cash position.
Jan De Nul takes over part of Vroon's MPI Jack-up crane ship and employees to be transferred to Belgian owner.
Australia bans Shandong bulker over crew pay Crew on Chinese vessel were deliberately underpaid, AMSA says.
Sales talk swirls around BW Group VLCC pair Deal would extend an active week for Singaporean shipowner in the tanker space.
Cargill annual net profit hits $3.1bn Trading and chartering giant Cargill has reported a $3.1bn net profit for its 2018 financial year. This is up 9% from 2017. Revenue grew 5% to $114.7bn. In the fourth quarter, which it described as very strong, operating earnings totaled $809m, a 76% jump year-on-year. "Our strong results show we are creating the connections the world needs for vibrant food and agriculture both today and tomorr
TUI, Royal Caribbean order LNG cruise double TUI Cruises venture picks Fincantieri for fleet expansion.
Rokke's Akastor cuts loss as revenue rises And OSV company looking ahead to more lucrative contracts.
Hyundai Heavy workers walk out Hundreds stage partial strike over job security.
SCI calls time on two LPG carriers India's largest shipowner sells its two oldest gas carriers for scrap.
Sale of midsize carriers to take Sanko out of LPG Japanese owner Sanko Steamship is about to exit the market for LPG carriers. Brokers in Europe said the company is set to sell the Hyundai built 35,000-cbm Sanko Innovator and Sanko Independence (both built 2008). Japanese yards target foreign ship contracts Sanko seizes JIT funds ahead of arbitration fight They are understood to have gone for some $15m to $16m each, possibly to an Indonesia
Commerce lifts ZTE export ban After Chinese telecommunications company ZTE placed $400 million in escrow at a U.S. bank, the Commerce Department lifted its export denial order against the company, which had been in effect since April 15, Commerce Secretary Wilbur Ross announced Friday.
Jamaica creates Special Economic Zone Authority As part of a "global logistics hub initiative," officials from Jamaica opened an authority to oversee special economic zones that it says can offer advantages over a current free zone program.
'Pivotal' EU ruling threatens use of transfer prices for customs value A December ruling by Europe's highest court could impact the ability of multinational companies doing business in the EU to make retroactive transfer pricing adjustments for purposes of customs valuation, trade analysts familiar with the case said recently.
Trucker Tools picks up $4.4 million investment Trucker Tools LLC has closed its Series A funding round, raising $4.4 million from existing investors. Prasad Gollapalli, founder and CEO of the Reston, Va.-based shipment visibility, capacity management and predictive freight-matching solutions provider, said the company will use the new funding to accelerate product development, bolster implementation resources and expand its sales and marketin
UPS, Teamsters reach five-year Freight labor pact UPS and the International Brotherhood of Teamsters, which represents about 11,000 UPS Freight employees, have reached a tentative agreement for a new five-year master contract.
Yilport seeks port concession in Taranto Yilport Holding has submitted an offer for the Taranto Container Terminal concession in southern Italy.
Multipurpose shipping multilayered Rising bunker prices act as a double-edged sword for multipurpose shipping. Higher oil prices are good for the sector since they typically lead to an increase in investment and, therefore, project cargo, according to London-based maritime research and consulting firm Drewry. On the flip side, these higher prices eat into earnings potential for carriers.
Imports peak at Port of Oakland in June The Port of Oakland said containerized inbound volume reached an all-time high of 87,207 TEUs in June. That beat the previous monthly record of 84,835 containers set last July.
SGL takes majority stake in Malian 3PL Scan Global Logistics has acquired a 55 percent stake in Bamako, Mali-based Macca Logistics, which includes offices in the West African ports of Dakar and Abidjan.
Weaker Urals market stimulates demand for fuel oil The oversupplied low sulfur fuel oil market in Northwest Europe could see some rebalancing amid the prospect of refiners running sourer slates with Russia's medium sour Urals crude differentials plummeting to their lowest level since early May
China's SHFE sets opening price for 380 CST bunker contract at Yuan 2,988/mt China's Shanghai Futures Exchange has set an opening price of Yuan 2,988/mt ($448/mt) for its 380 CST bunker fuel oil futures
Traded MOC bunker volumes down on week on Rotterdam delays; sources
INTERVIEW: Fuel supplier Bomin seeks exclusive deals to sell 0.5% S bunkers "As a supplier this is one of the most important tasks for us right now."
Wartsila signs EUR 170 million scrubber deal with European shipping company Wartsila will also provide engineering and site advisory services for the vessels, it said.
UK's Royston develops algorithm for bunker fuel efficiency, carbon monitoring The ecospeed module also provides details of CO2 emissions and voyage duration to aid informed decisions on vessel speed and environmental performance
Newbuild orders in Q2 plunge 62% on quarter to $4.58 billion: VesselsValue Rising asking prices from shipyards partly to blame for the drop.
Japan poised to halt Iran oil loadings in Aug ahead of US sanctions Japanese shipping companies have decided in principle not to accept any Iranian oil cargoes loaded in August.
IEA sees fuel oil supported by geopolitics, seasonal Pakistani demand Iran is a key fuel oil exporter and potential supply disruption from upcoming US sanctions has lent support to fuel oil cracks globally.
OPEC president tells Iran monitoring committee will review output compliance The committee is scheduled to meet September 22-23 in Algiers
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