South Korean shipbuilders want plate prices put on hold Rising raw material costs pushing up steel plate prices, Korean steelmaker says
Vale on track to meet iron ore output target Capesize market had called for a boost to iron ore volumes from Brazil in the second half in order to...
Tidewater agrees $1.25bn merger with GulfMark The combined company will have the industry's largest fleet and the broadest global operating footprint in the OSV sector
Djibouti defends legality of trade zone after DP World threat Djibouti launched the first phase of its $3.5bn Chinese-built International Free Trade Zone last week
Vroon plans further disposal after restructuring Move follows transfer of 30 feeders
EU and China pledge environmental co-operation in the IMO The two sides proclaim closer ties in the IMO and the deployment of "domestic measures"
IMO warned on safety concerns linked to sulphur limit Greek shipowners say new rules on switching fuel must not endanger ships and crews
'Crisis-proof' feedership platform reports $94m wipeout Development testimony to ongoing difficulties of Dutch KG system equivalent
VLGC earnings at highest level since early 2016 TCE of VLGCs have risen above $21,000 per day with further upside in the US Gulf expected
Star Bulk starts trading on Oslo exchange US-listed dry bulk owner Star Bulk has met all Oslo exchange listing requirements
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Capesize set for splurge in the second half of the year Using July 2018 rates as a base, capesize spot rates could touch $45,000 per day at their seasonal peak, Arctic...
Daily Briefing Ocean Yield to maintain rapid pace of expansion | The power of externalities | The Lloyd's List Podcast | Technological...
Dorian founding shareholder Seacor backs BW merger offer UPDATE: BW LPG plans to nominate three independent directors to Dorian's board in the coming election
US Coast Guard begins hearing on ATB blast Safety hearing will investigate circumstances surrounding the explosion off the Texas Coast.
Genco's equity raise receives praise Analyst calls $116m haul the "first successful, large equity raise" in years after Eagle Bulk raises $185m in 2017.
Vale's growth set to fillip capesize rates Brazilian mining giant records impressive Q2 numbers, targeting material ramp up in the second half of 2018.
US-China trade war good for drybulk shipping Ongoing tariff tussle may increase tonne-mile demand as China looks to South America for soybeans, according to an analyst.
Diana Shipping pays off $130m loan Athens-based bulker owner uses new BNP Paribas credit facility to erase debt maturing in 2020.
Fire hits VLCC at Gadani demolition yard All 20 people on board the tanker when the incident occurred have now been rescued.
BW LPG starts proxy fight for Dorian board UPDATE: Dorian tells shareholders to stand fast as director nominees signal new phase in takeover attempt.
Cochin Shipyard wins deal for 10 ro-paxes India's Cochin Shipyard has signed up to build 10 ro-ro and ro-pax vessels for the Inland Waterways Authority of India. The deal is worth INR 1.02bn ($14.87m). The contract also involves design. Delivery will be within the next 18 months.
UK Club issues warning over STS hoses after spill Insurer says crews should inspect equipment following tanker incident.
Tidewater and GulfMark merging to create 270-vessel fleet Restructured US owners see "significant" savings and "superior" growth prospects from $1.25bn deal in recovering sector.
AM Nomikos picks up supramax in first S&P move of the year Athens-based owner has bought four supramaxes in past 18 months
Euronav shares tick up following upgrade Rise comes despite continued difficulty in the VLCC spot market.
Tanker engine room flooded off Turkey Tug had to pump water from Ditas Deniz vessel after incident in Aegean.
Jinhui ships out veteran supramax Sale comes amid expectation for continued volatility in the dry cargo market.
NOC shuts down Sharara after workers kidnapped Two staff released but two remain captives of armed Libyan raiders.
Court orders Xylas family's Pyrsos to pay HSBC bulker debts UK judge backs claims against Katerina Xylas following defaults in tough markets.
Kreuz Subsea completes executive line-up Alstom man Thomas Liew joins Singapore OSV owner as CFO.
VLGC rates hit highest level since early 2016 Morgan Stanley says asset prices for the ships are also on the rise.
Star Bulk starts trading on Oslo Stock Exchange Petros Pappas-led shipowner makes move after closing Songa Bulk transaction.
Magseis wins northern European contract Norwegian seismic vessel operator Magseis has entered into a service agreement in northern Europe. It will use its proprietary MASS nodes and modular handling system for seismic data and navigation support. The contract starts imminently and will last for about three months. Magseis CEO Per Christian Grytnes said: "With this award, Magseis will expand into three parallel full-scale operations;
10 crew missing after clash sinks cargoship Search on for seafarers from Shun Qiang 2 near Shanghai.
Hyundai Mipo lands US tanker order Korean yard announces $74m deal to build two vessels in 2019.
Vroon sells MPI Offshore to Van Oord Dutch owner exits windfarm vessel sector with second asset disposal.
Singapore stomps on errant bunker tanker player Pegasus Maritime sees operating licence suspended over severe breaches of terms and conditions.
Saeed buys into Atlantic Navigation Singapore-listed offshore player to raise $26m through a share subscription agreement with low key investor.
Executive Moves: BIFA, Oakland, TIACA, VARGO Cestra "Ces" Butner has been elected president of the Port of Oakland's Board of Port Commissioners. Lars Magnusson is joining The International Air Cargo Association's Shippers Advisory Committee. Susanne Oud has taken a seat on the British International Freight Association Board of Directors. And VARGO has hired Brian Pulfer.
J.B. Hunt surpasses analyst expectations in Q2 J.B. Hunt's net earnings soared 55 percent year-over-year during the second quarter of 2018 to $151.7 million amid higher freight rates and strong demand.
Falsifying broker application nets prison sentence An Iowa man has been sentenced to two years in prison for providing false information when he applied for motor carrier and broker authority.
WLS: Capacity rises on Asia-Europe, transpacific trades The Asia-Europe and transpacific trades saw increases in allocated capacity between the first and second quarters of 2018, despite a drop on the transatlantic trade, according to data from BlueWater Reporting's quarterly World Liner Supply report.
Spot container rates steady Container freight rates held relatively steady last week in the lead-up to the summer peak season, according to two of the primary spot rate indices.
U.S. files disputes against metal duty retaliators The United States on Monday launched World Trade Organization disputes against Canada, Mexico, the EU, Turkey and China over recent retaliatory tariffs the countries imposed against generally global U.S. tariffs on steel and aluminum imposed by the U.S. in recent months, according to an announcement by the Office of the U.S. Trade Representative.
Containership charter rates may have peaked A rapid rise in the cost of chartering containerships is "probably over" but is expected "to remain close to their current levels over the remainder of the year," according to the London-based consulting firm Drewry.
Trump's stance on post-Brexit trade deal unclear President Donald Trump gave mixed messages during a trip to the United Kingdom last week about whether the United States would seek to sign a free trade agreement with the nation once Brexit takes place.
Amerijet will provide 'transparent' fuel surcharges Miami-based cargo airline Amerijet International will transition its fuel surcharge calculation methodology to an indexed model, which it says will more accurately follow the fuel markets.
Political thaw could see Saudi-Kuwaiti Neutral Zone oil fields reopen by year-end: sources Saudi Arabia and Kuwait are making headway toward a political agreement on restarting two shuttered oil fields in the Partitioned Neutral Zone as soon as December, according to sources familiar with the deliberations.
EU moves closer to Iran sanctions block EU foreign ministers have backed draft rules intended to protect EU companies dealing with Iran from US sanctions related to Iran's nuclear activities, taking them a step further toward becoming binding.
Crude tumbles as Trump, Putin seek to regulate market ICE September Brent crude led the oil complex sharply lower Monday after Russian President Vladimir Putin said his country and the US will work together to regulate international oil markets.
China launches new bunker fuel contract China opened its bunker fuel oil futures market to international investors Monday with the launch of the 380 CST contract, a move further underscoring Beijing's greater flexibility in embracing foreign participation on its commodity exchanges.
Singapore's MPA revokes Pegasus Maritime's bunker craft operator license With effect from July 16, Pegasus will not be allowed to operate as a bunker craft operator in the Port of Singapore.
TRADER NOTE: Crude oil trader Tina Kuang joins Strong Petroleum Kuang has worked for 10 years at the Norwegian state-owned company, previously known as Statoil.
Physical commodity trading braces for blockchain disruption Technologies like blockchain introduce a level of standardization and transparency that threaten to make role of traders redundant.
Low sulfur blended fuels likely main bunker option come 2020: Parker Kittiwake "We expect the majority will endeavor to comply and only a small percentage will practice to deceive," Rumbol said.
OPEC/non-OPEC committee to meet, with Iran, Saudi Arabia still at odds over quotas Any increase in production more than the quotas is a violation of the current agreement as long as it is not approved by the OPEC conference, Kazempour said.
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