Navios tanker duo complete merger Move sees expansion of Navios Acquisition fleet to 41 tankers while Navios Midstream ceases trading on NYSE
Euroseas in talks with potential partners Management believes both the dry bulk and feeder containership sectors are at an attractive point in the cycle for growth
Beluga administrator seeks $27m in civil action against former management
Wallenius Wilhelmsen faces $3m bug problem The ro-ro and vehicle carrier owner revealed that three of its vessels have been unable to unload cargo in Australia...
The Lloyd's List Podcast Live: 2019 Outlook Forum Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
Alpha Bulkers emerges as buyer of cape on Taobao Anna Angelicoussi-led company adds to strong capesize fleet by winning Five Stars Beijing in Chinese website auction
Iatridis joins exodus from Ince & Co News comes after announcement that two London partners and senior lawyer have quit Ince to sign up with Wikborg Rein...
ICE to offer 0.5% sulphur fuels futures contracts The exchange and clearing house operator will offer contracts starting in February based on Rotterdam, Singapore and US Gulf Coast...
Wikborg Rein hires trio from Ince & Co Wikborg Rein's London office, established in 1987, specialises in shipping, energy, construction, international arbitration and all other forms of dispute...
UK smart port initiative launches in northeast England So-called 'smart ports' are designed to boost local economies through the collaboration of industry, academic and digital experts pooling their...
Suez Canal extends backhaul discounts Egypt's canal authority extends rebates to boxships on routes from the US east coast to compete against the Panama Canal
Transpacific rates on downward track The Shanghai Containerised Freight Index shows China-US west coast rates falling for a sixth consecutive week, and for a fourth week in...
WFS will provide 0.1% sulphur fuels to the Pacific northwest The fuel supplier will make use of a barge and terminal to supply fuels out of Columbia River starting in...
Cosco Shipping Energy Transportation restructures business The new organisation structure will consist of 16 parallel departments, which will include a safety control department, a shipmanagement centre...
Chinese brokers call for joint research platform Brokers are looking to increase brand awareness and value-added services amid combined pressure from big international competitors as well as...
DSME wins third LNG carrier contract in two weeks So far this year DSME has completed deals worth $6.4bn to build 44 ships
Daily Briefing Lloyd's List Top 100 People: Calm before the storm | Abu Dhabi Ports eyes overseas expansion | Denmark to name...
Shipping confidence edges down as business costs rise Moore Stephens' survey reveals that only brokers held a better outlook between September and November
The Interview Arnt Vespermann and Soren Toft 'Our principle has always been: red ships, black numbers,' says Arnt Vespermann
Peak season cools in LA and Long Beach as imports decline Higher tariffs imposed this year by the US and China have adversely impacted the flow of commerce
Shareholders approve Sinotrans Shipping buyout plan The resolution won 95.8% of the votes from the company's independent and disinterested shareholders at a court meeting on Thursday
Marinakis boosts position in Capital Product Partners Evangelos Marinakis is strengthening his position in Capital Product Partners ahead of the company's merger with Diamond S. According to Securities and Exchange Commission documents, the Greek shipping tycoon now owns 34.6% of the New York-traded company, either personally or through controlled companies. Capital Product Partners coverage begun with a buy Diamond S merges with Capital Product P
Navios Acquisition and Navios Midstream finalise merger Navios Midstream Partners has officially been folded into Navios Maritime Acquisition, finishing a merger first floated this summer. The all stock deal between the two Angeliki Frangou-led tanker companies will see Navios Maritime Acquisition bolster its fleet with six more VLCCs. The combined company also touts a simplified corporate structure, larger asset base and better credit profile. Navio
Try the Concordia Maritime plastics quiz Sweden's Concordia Maritime has devised an online quiz that tests the shipping industry's knowledge of the problem posed by plastic waste in the oceans. This year the tanker company started a collaboration with the non-profit organisation Keep Sweden Tidy, and during the autumn it organised a coastal clean-up operation in Gothenburg. Click here to try the quiz "Now we present a web quiz with th
Broker mix-up proves costly for owner in arbitration A time-limitation wrangle at London arbitration has revealed a costly mix-up over which broker was working for which party. Financing company C Demurrage said the case offered an insight into differing roles within a familiar broking structure and a look at the law of agency. A contract of affreightment (COA) on an amended Asbatankvoy form had been fixed through brokers known only as A, B, C and
Philippines claims world first for wave-powered ship Dual-fuel cargo vessel being developed at Metallica Shipyard will also use gas.
NYK issues warning over impostor company Japan's NYK has warned customers to be wary of a company fraudulently claiming to be a subsidiary. It said ongoing "wrongful acts" are being carried out by an entity calling itself Yusen Shipping. This company disguises itself as a 100%-owned unit of NYK's Yusen Logistics Co, the shipowner said. It has posted information on its homepage as if it were a real NYK subsidiary, it added. "They appr
BW LPG: no scrap-sale decision yet Oslo-listed gas tanker owner BW LPG has denied it has sold one of its two remaining 1990s-built LPG vessels for demolition. European scrap brokers reported the 59,000-cbm BW Helios (built 1992) had been offloaded for green demolition India for $432 per ldt or $8.1m. BW LPG CEO Martin Ackermann said the ship is due for special survey in the first quarter next year and the company is evaluating wh
Cargoship approached by "large number of skiffs" UK maritime security reporting body UKMTO has revealed a cargo vessel was approached by a large number of fast-moving skiffs in the Bab el Mandeb strait on Thursday. The "suspicious approach" featured four or five people in each boat. The on-board security team fired warning shots to deter boarding. The crew and the vessel were later reported safe. "Vessels transiting the area are advised to
Russia: no automatic NSR permits yet for foreign ships Russia's transport ministry is not yet providing unconditional permission for foreign-owned vessels to transit the Northern Sea Route (NSR). The exceptions to this are the 15 foreign-flagged LNG carriers under contract with Yamal LNG. Transport minister Yevgeny Ditrikh said during a meeting on the development of the Arctic that a draft resolution for these ships is being drawn up, according to t
WFW signs up third former Ince lawyer in Greece George Iatridis to join WFW Athens office in the New Year
Richard Fain buys $2m pile of Royal Caribbean shares Richard Fain has started his Christmas shopping with a near $2m purchase of shares in Royal Caribbean Cruises. The cruiseship that floats on air Richard Fain has no plans to retire anytime soon Fain, the company's chief executive, bought 18,900 shares at $106 each this week, according to an SEC filing. The shares were snapped up by The Montana Trust, an investment vehicle for the benefit of ce
VIDEO: tanker breaks in two in Ghana A veteran tanker has broken in two off the port of Tema in Ghana. The Pulse website said the incident occurred at the anchorage. The vessel was said to be owned in Lagos, Nigeria. Vesseltracker identified it as the 2,800-dwt Anthony (built 1982), operated by Okasi P of Lagos, but this could not be confirmed. All 10 crew escaped unhurt. It was not clear whether pollution had been report
DSME banks LNG carrier to take 2018 order tally to $6.4bn DSME has taken its 2018 LNG carrier newbuilding haul to 16 ships with its second deal in a week. Angelicoussis back at DSME for more LNG tonnage LNG giants warn of owners digging an overcapacity hole The deal moves the Seoul-listed shipyard to within $900m of its full-year order target with just over two weeks to go. DSME says the latest order for a single LNG carrier came from a shipowner in
Nanjing Twin Rivers orders bulker double Chinese owner adding to dry cargo fleet with a deal at Taizhou Kouan.
Torm chief financial officer resigns Torm is looking for a new chief financial officer. The Danish tanker owner announced Friday that Christian Sogaard-Christensen has tendered his resignation. He had been with the company since 2010. "I want to thank Christian for his important contributions to our One Torm platform over the years," executive director Jacob Meldgaard said in a statement. "We wish him all the best in his future car
Coming soon to a yard near you: the exoskeleton In the future we will all be cyborgs, but for now, exoskeletons will just have to do. A couple of shipyards have been trialling the technology to give workers help with lifting and to reduce stress on their bodies. New Scientist reported back in the summer that DSME of Korea had developed a suit so that staff could heave large pieces of metal and pipe "as if they were nothing." The exoskeleton
'We will have to stop using the oceans as waste deposit sites' The debate in Tradewinds about scrubbers is just fascinating in its lack of understanding of the urgent demands of the Intergovernmental Panel on Climate Change, the Katowice Climate Change Conference and the Paris Climate agreement. In the latest, Paul Marsh of Navig8 states that ocean pollution from scrubbers is "completely insignificant". The scrubber enthusiasts have found a loophole to cont
Thun charters new eco-tanker to Preem Sweden's Thun Tankers has fixed out a new eco-tanker to Preem for coastal depot deliveries in Sweden, Norway and Denmark. The 8,000-dwt dual-fuel vessel was named Thun Evolve in Groningen, Netherlands. The deal is a long-term charter on delivery from Ferus Smit in March, Thun said. The company has four ships in the series being built there. "Thun Evolve has been built with the latest design to
ICE LSFO 'futures' set for February 2019 start Intercontinental Exchange IMO 2020 hedging tool set to launch with an initial six contracts.
Affinity's Singapore tanker desk 'gets dirty' with broker hires Singapore office broadens its tanker horizons into crude with Braemar ACM hires.
Ampelmann inks two new contracts in Asia Pacific Dutch 'walk-to-work' specilaist boosts Asian footprint with contracts in India and Indonesia.
'Paris MOU-turn' on data doesn't go far enough I was happy to read that the Paris MOU is looking into reversing its decision to cut off its data feed. On the surface, this is a victory for maritime safety and security, and for common sense. 'Serious threat' to safety as Paris MOU pulls its data feed Paris MOU could backtrack over withholding access to bulk data Yet as your article makes clear, the Paris MOU is only "ready to consider" indiv
Muller quits Belships post after Lighthouse takeover Outgoing boss Muller says time has come for "others to take over the leadership" of the company.
Tariff truce prompts speculation over US-China tanker trade China's return to the US Gulf tanker market will boost longhaul VLCC demand, but total tonne miles might not increase much if the country reduces buying of other Atlantic barrels.
Big risks in liner shipping but potential rewards Some carriers will seek to broaden reach, while others stick to their knitting, predicts Drewry.
Long Beach terminal said to have multiple suitors China's COSCO Shipping is being forced to sell the facility as part of its acquisition of container carrier Orient Overseas Container Line this summer.
New York/New Jersey seeks to add dockworkers More longshoremen are needed because of retirements, cargo growth.
China resumes U.S. soybean purchases The move fulfills a key agreement reached during a meeting with the U.S. delegation on the sidelines of the G20 summit earlier this month.
Japan's Astomos to launch new VLGC end Dec to be used for Ichthys, Canada LPG Japan's top LPG supplier Astomos Energy said Friday it will launch a newly built VLGC in its fleet at the end of December that will be used for LPG procurements, including from Australia's Ichthys project and AltaGas' project in the west coast of Canada from next year.
FOB ARA 50 ppm gasoil crack hits 1.5-month low on weak fundamentals The physical crack of FOB ARA 50 ppm gasoil barges hit a one-and-a-half month low Thursday amid sluggish demand and destocking activities in the ARA region.
Gulf Coast VLCC-loading projects move forward amid rising pressure to export US crude Two planned VLCC-loading projects along the Texas Gulf Coast -- one in Corpus Christi and another offshore Freeport -- are moving forward as pressure increases to export more US crude on supertankers.
China's Unipec set to resume US crude imports 'very soon': executive Chinese state-owned Unipec, the country's biggest importer of US crude, will resume imports from the US "very soon" and the volumes will likely be significant, a senior executive told S&P Global Platts.
Bunkering resumes as Gibraltar reopens after poor weather clears The port of Gibraltar resumed full bunkering operations after work was curtailed because of rough seas, according to sources.
Italy's Maxcom Bunker to relaunch as Bunker Energy The bunkering arm of Italy's Maxcom Group, Maxcom Bunker SpA, will be re-launched under the new name of Bunker Energy SpA, according to a statement from the company.
Bunker supplier WFS launches Columbia River operation in US Global bunker supplier World Fuel Services is launching a physical supply operation in the Columbia River in the Pacific Northwest US, the company said Friday.
Credit-starved bunker industry limps towards IMO 2020 The bunker industry is in a fragile state as it enters its last year before tougher sulfur restrictions come into force, with several key players in retreat.
Bunker supplier WFS launches Columbia River operation in US
Shanghai bunker fuel oil futures premium rises on tighter specifications
Japan's Oct bonded bunker fuel oil sales rise about 14% from Sep
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