High cape rates to help panamax bulker demand With soaring capesize earnings north of $25,000 per day, the dry bulk market may see more splitting of ore cargoes...
DNB embarks on transformation into deal facilitator from lender Big book matters less than right clients as DNB develops more sustainable business models in line with industry trends
OSG orders two non-Jones Act MR tankers New York-listed owner books two product carriers with scrubbers at Hyundai Mipo Dockyard for $75m
Liberia registry says lease change will boost China links Shake-up will strengthen Beijing ties, says Bergeron
Slowing Chinese economy and trade war impact shipping prospects Analysts are concerned that China's economy would weaken further this year amid pressure on exports due to the ongoing trade...
Southampton port upgrade enters next phase The new terminal will provide storage for a further 3,000 vehicles
Diamantidis expands suezmax armada amid flurry of Toisa deals Greek owner's dry wing takes fourth kamsarmax bulker as former Callimanopulos tanker newbuildings take their turn in the shop window
Panalpina posts double-digit profit growth Ocean freight segment breaks even under tight cost controls
New York unveils $100m plan to boost maritime infrastructure The $100m investment will be directed towards modernising marine terminals as well as building new barging operations, while reactivating under-used...
Djibouti offers compensation to end DP World dispute The Djibouti government seized DCT from DP World in February citing 'poor performance'
Capital orders LNG quartet from HHI for $743m The vessels are to be delivered by the end of June 2021
Shipowners see emissions technology as driver of change over next five years Blockchain hype is failing to convince shipowners as they focus instead on the impending sulphur cap 2020 deadline, survey finds
Daily Briefing IMO warned on safety concerns linked to sulphur limit | EU and China pledge environmental co-operation in the IMO |...
Fire hits VLCC as Gadani resumes scrapping All workers on board were rescued with no injuries reported
Jinhui sells old bulker to Chinese owner amid tightening emission rules Vessel is scheduled for delivery between July 17 and August 10 this year
Rio Tinto reports surge in second-quarter iron ore shipments Rio expects shipment in 2018 to be at the upper end of its existing guidance range of 330m to 340m...
Pacific Drilling proposes new restructuring plan Drilling company submits improved scheme to straighten out finances under Chapter 11 after receiving four extensions for creditor mediation.
Owners face long scrubber queue for 2020 Largest manufacturers booked through end of next year as rush of shipowners want scrubbers ahead of 2020.
Liberia eases ship financing regulations Liberian maritime law to allow lease financing structures to be recorded as mortgages.
Philly Shipyard tips two Jones Act MR orders Leading yard for US-compliant trading vessels says it's in early stages on new order.
Norden ties up MR from Maersk Tankers Time charter extends Danish owner's growth efforts.
Capesize spot earnings rise to year high Buoyed by strong Chinese demand and Brazilian production, capesize earnings clock $25,600 per day
Nisshin Shipping gets firm price for kamsarmax brace Brokers believe the two ships have been bought by a Greek owner.
Seaspan closes on $250m Fairfax bet Toronto investor finalises first tranche of warrants deal in larger investment that will reach $1bn aimed at consolidation, growth.
Offshore VLCC exports in works for US Gulf Energy logistics terminal says the offshore facility will mitigate the need for lightering.
Norwegian rig strike hits OSV sector PSV demand plunges, while platform moves are on hold for anchor-handlers.
Japanese shipowner tied to capesize order Jiangsu New Yangzijiang Shipbuilding said to be recipient of contract.
Sunken wellboat Seikongen brought upright Salvor Ardent completes first stage of vessel removal in Chile.
SolstadFarstad, Havila clinch seven OSV deals Norwegian owners fix and extend charters in Brazil, Egypt, Australia and elsewhere.
Owners say emissions technology key to the future Reed Smith survey shows blockchain not seen as main driver of change over next five years.
Yang Ming upgrades Indonesian run Four 4,350-teu ships to be deployed on service from China.
Blystad's OHT inks potential four-ship order Norwegian owner signs for firm wind farm ship at CMHI in China, with three options.
OSG behind Mipo product tanker order US owner confirms $74m contract at South Korean shipbuilder.
Prosafe lands Brazilian accommodation contract Oslo-listed Prosafe has secured a 200-day deal for one of its accommodation units in Brazil. The Safe Concordia will work for MODEC, supporting its FPSO operations. The deal starts in September and includes a 15-day option. Jesper Kragh Andresen, Prosafe CEO, said: "We have a good track-record of providing gangway connected accommodation services to both spread and turret-moored FPSOs, and we w
North Sea AHTS spot fleet grows again Returning Dof and Swire vessels joining "already packed" UK market.
HHI confirms Marinakis LNG newbuildings Four firm ships worth $744m confirmed by the world's largest shipbuilder.
Collision chaos in the Suez Canal Three bulkers and two boxships involved in Sunday smash-up on busy Egyptian waterway.
Steelmakers tell South Korean shipyards to cough up more cash South Korean steelmakers reject request by the country's shipbuilders to put a freeze on steel plate prices.
Asia Fund Space pulls out of Ezra restructuring deal Distressed Singaporean offshore player heads back to the drawing board after investor backs out of buy-in deal.
USTR accepting input on planned $200 billion in China tariffs The Office of the U.S. Trade Representative on Tuesday officially opened the comment period for planned 10 percent additional tariffs on $200 billion worth of goods from China in 2017 import value, pursuant to that agency's investigation concluded in March under Section 301 of the Trade Act of 1974, which found that China engages in unfair commercial practices including forced technology transfer
Antwerp volumes surge on record container cargoes The Port of Antwerp handled 118.6 million metric tons of cargo during the first half of 2018, an increase of 6.5 percent from the same six-month period last year and a new record for the port, according to the latest data from the Antwerp Port Authority.
WTO agriculture discussions reignited World Trade Organization agriculture discussions have moved into a substantive discussion phase, as members discussed five new proposals during a special session Monday of the WTO Informal Committee on Agriculture, including one from the U.S. that calls for reciprocal tariff reductions, according to a Geneva trade official.
NYC lays out $100 million infrastructure overhaul New York City will invest $100 million to overhaul its aging freight infrastructure in an effort to create a more efficient supply chain network, reduce road congestion, reduce the environmental impact of cargo shipping and create jobs.
Truckstop.com grabs Grizella Truckstop.com, which began in 1995 as the first internet-enabled load board, has acquired Grizella.
Commerce affirms pipe fittings from China dumped The Commerce Department reached a final determination in its antidumping investigation of certain cast iron soil pipe fittings from China that such products are being, or are likely to be, sold in the U.S. at less than fair value, Commerce announced Tuesday.
Pilot Freight buys Manna Pilot Freight Services has acquired Manna Freight Systems, based in the Minneapolis-St. Paul area, to expand its position in the final-mile delivery space.
Rickenbacker beefs up livestock handling Columbus, Ohio-based cargo airport Rickenbacker International has completed a six-month, $423,000 renovation of its animal transport facility.
Panalpina's Q2 profit climbs Panalpina, an international freight forwarding and logistics company, recorded a consolidated profit of CHF 19.5 million (U.S. $19.6 million) for the second quarter of 2018, an increase of 10.8 percent year-over-year, according to the
Amid Trump's OPEC criticism, US senator introduces NOPEC bill A key Republican senator is pushing a bill that could revoke the sovereign immunity of the world's biggest oil producers, an effort which could further strain relations between the US and OPEC and may impact future global oil flows and energy sector investments.
ICE Brent settles higher as liquidation pressure eases ICE September Brent led the oil complex in a slight rebound Tuesday, settling 32 cents higher at $72.16/b. The turnaround comes on the heels of a selloff saw the prompt Brent contract shed nearly $10/b since the beginning of July.
Falling oil complex prompts flurry of Med HSFO buying The recent precipitous declines in crude oil prices have sparked a flurry of buying activity for high sulfur fuel oil in the Mediterranean region, sources said Tuesday.
Jan De Nul launches low-emission vessel in China Luxembourg-headquartered Jan De Nul, a global company engaged in dredging and marine construction activities, has launched a low-emission vessel -- the Diogo Cao -- in China, the company said.
Singapore's MPA issues circular to deter piracy and armed robbery The Maritime and Port Authority of Singapore issued a circular Monday alerting ships to take precautions to deter piracy in high risk areas in the Arabian Sea, Gulf of Aden, Indian Ocean and Red Sea.
Shipping traffic delayed in Suez Canal on ship grounding, collisions: sources At one point, there were seven ships stuck behind the grounded MV Aeneas.
PetroChina attempts to salvage joint refinery project with Venezuela's PDVSA It highlights China's failing downstream projects that were planned with PDVSA, jeopardizing over $50 billion of Beijing's loans.
US' OSG, South Korea's Hyundai ink deal for tankers with scrubbers The tankers are scheduled for delivery to OSG in the second half of 2019, ahead of the IMO 2020 rule.
External: Global Risk Management
Putin says Russia, US may work together on global oil market regulation Putin and Trump answered questions after meeting privately for more than two hours in Helsinki.
Japan-bound propane cargo diverted to San Diego for maintenance: trade Petredec bought the cargo from Unipec in Houston on a cost and freight basis, market sources said.
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