Vitol eyes fuel that turns coal waste into low-sulphur oil The new fuel could cost as little as $10 a barrel of oil equivalent
P&I clubs size up fixed-premium opportunity P&I clubs have a unique opportunity to grow their share of the fixed-premium marine liability market but they will have...
Oakland aims for zero-emissions cargo handling New plan to tackle diesel exhaust and greenhouse gases goes to public review
Hyundai Mipo nets $109.2m containership quartet order The vessels will be delivered to the Liberia-based company by the end of March 2020
Large shipping losses decline by a third in a decade There were 94 total losses reported around the shipping world in 2017, down 4% year on year - the second-lowest...
Genco buys two more capesizes for $98m Genco is positioning itself for the uptick in the dry bulk market
Maersk Tankers makes digital shift with self-learning data Danish operator keen to enhance operations using Big Data drive in tie-up with Boston-based partner CargoMetrics
Don't count out cape scrapping despite bullish markets The strong bulker markets may strengthen even further if owners start to send more ships to junkyards
Australia approaches a supply-chain crossroads with no turning back Relentless cargo growth and congestion are propelling Oz ports to the forefront of transport infrastructure reforms
2M selects Liverpool for South America service Maersk and MSC to route via Liverpool on transatlantic service
Time has come to understand the 'beaching' method Hong Kong Convention compliant scrapyards in Alang, India, cannot fill the yard space as owners are not interested in green...
Stena Bulk adds five tankers to suezmax pool Stena reveals it wants to boost pool from 25 to 30 suezmax tankers
Changing Lanes: The rise of the ultra large containership ULCs accounted for 31% of deployed containership capacity in the second quarter of 2018
Carriers struggle to break even as bunker bills hit home Carriers are expected to be faced with fuel bills $7bn higher in 2018 than last year
BHP targets higher iron ore in fiscal year 2019 BHP issues iron ore guidance of 241m to 250m tonnes
Transatlantic load factors unmoved Average transatlantic utilisation in the second quarter of 2018 mirrored that of last year at 79%, according to MDST
Service cuts leave containerships idle Idle fleet figures creep up as carriers seek to boost utilisation levels
Minoan launches new Crete service with large ro-pax Inauguration of Mykonos Palace is part of a surge in domestic operations by newly debt-free line
Five ship pile-up closes Suez Key waterway has history of minor casualties
Enterprise Products to develop new export terminal for VLCCs New offshore terminal will be capable of fully loading VLCCs with approximately two million barrels of oil
Daily Briefing DNB explains transformation to deal facilitator from lender | Slowing economy and trade war cast cloud over China's shipping prospects...
Pegasus Maritime has Singapore bunker licence revoked MPA warns bunker licensees to adhere strictly to the terms and conditions of their licences
Asia sea robberies hit 10-year low Robberies at sea down by 15% in the first half of 2018 compared with the same period a year before
Scorpio Tankers in seven-ship leaseback deal Scorpio will bareboat-charter in the vessels for seven years
Opec opening oil tap, slightly, for July Oil cartel continues monthly monitoring of production cutbacks agreed to in December 2016.
CMA CGM invests $5.8m in BWMS on 17 boxships French container line takes the green route with US Coast Guard-approved BIO-SEA systems.
Ferrominera Orinoco must pay $63m to CME Judge rejects Venezuelan miner's April 2017 motion to vacate award to trader Commodities & Minerals Enterprise.
Vard wins vessel contract Singapore-listed shipbuilder bags order for new ship without disclosing specifics.
Puerto Rico prices immune to Jones Act AMP-commissioned report rebuffs detrimental effect of the century old law on Puerto Rico
Vitol to make 2020 bunkers from coal waste Trader and owner teams with Peabody on new low-sulphur fuel project.
Crude loadings halted at Libya's Zawiya NOC shuts tanker terminal following kidnappings at Sharara oil field.
Seadrill Partners banks $248m over West Leo John Fredriksen company richer after winning rig termination row.
Genco finds 'sweet spot' to add two extra capesize bulkers US-based owner coming off recent equity raise for four-pack deal adds two more with bank's help.
Top Ships adds $10m to finance pot Greek owner signs with European bank for eco-tanker newbuilding cash.
No third-time lucky at auction of former NEL ferry High-speed ferry Aeolos Kenteris 1 stays on the shelf as yet another auction fails
New tanker giant takes shape in China McQuilling and Maersk Tankers play point as host of major owners feed into Baota Petrochemical fleet
Hyundai Mipo bags $109m boxship order Korean yard continues order run with deal for four new vessels.
Allianz: large shipping losses plunge But sector facing emerging risks as boxships get bigger and the climate changes.
Stena Bulk adds five chartered suezmaxes Erik Hanell says growth has come at a time of "stable, low earnings."
Stena group adds six more ro-ros in China Two vessels firmed up at AVIC Weihai, while four more options added.
Troim's 2020 Bulkers sets its sights on US stock listing Chairman Magnus Halvorsen and Tor Olav Troim are well-known faces in the capital markets.
Ostensjo using horse waste to go green Urea to be injected into exhausts to cut emissions on new OSV.
Asian piracy dips to 10-year low ReCAAP ISC executive director warns that shipping's guard should not be let down despite a 15% year-on-year decrease in Asian maritime crime.
Swedbank reverses $15m of impairments Swedish lender says credit portfolio well balanced in second quarter.
TechnipFMC scoops three-year Petrobras service deal Paris-listed OSV owner to maintain and inspect subsea pipelines in Brazil.
Fehn overturns bulker cargo damage claim UK judge refers charterer's case back to tribunal after inadvertent fumigation of organic wheat.
WISTA links up with the IMO The voice of women in shipping will be heard at the governing body of international shipping.
PetSmart picks FourKites for real-time tracking Chicago-based FourKites has announced that PetSmart has selected its supply chain visibility and predictive analytics platform to track the location and temperature of shipments moving across North America by truckload, less-than-truckload and rail, as well as international shipments moving by ocean.
App-based shipping venture hits the road Technology startup RYNLY Inc. on Tuesday announced the launch of its app-based shipping enterprise in Seattle and Portland, Ore.
Air Partner declares lion relocation roaring success Air Partner, a global aviation services group, was recently tasked with transporting a lion from Johannesburg to Port Elizabeth on a chartered aircraft.
Carriers blank sailings on multiple routes Hong Kong-based ocean carrier Orient Overseas Container Line announced blanked sailings on three separate services in the coming weeks.
Connie Award going to Hamburg Süd's Mike Wilson Mike Wilson, senior vice president of business operations for Hamburg Süd North America, has been chosen to receive the 2018 Connie Award, presented by the Containerization and Intermodal Institute. Roy Schleicher, who retired recently as executive vice president and chief commercial officer of the Port of Jacksonville, Fla., will be presented with the Lifetime Achievement Award.
Vehicle terminal in works in Southampton Associated British Ports plans to build a multistory facility for storing vehicles at the Port of Southampton.
Oakland 'committed to eliminating emissions' The Port of Oakland has released a draft of an air quality improvement plan that calls for reducing pollutants and greenhouse gases at Oakland's seaport.
Intermodal rate increase highest since 2011 Intermodal rates climbed another 10.9 percent in June compared with the same 2017 period, the largest year-over-year increase since August 2011, according to the latest Cass Intermodal Price Index, which measures all-in per-mile costs.
Commerce launches Section 232 review of uranium imports The Commerce Department has launched a Section 232 investigation into whether imports of uranium ore and product imports into the United States threaten to impair national security, Commerce Secretary Wilbur Ross
European buyers start to halt Iran oil imports Key buyers of Iranian crude in Europe are starting to cease imports of Iranian crude for September-loading cargoes as the first round of new US sanctions on Iran begins next month.
OPEC, allies vow to 'not deviate' from 100% cut compliance OPEC and its allies on Wednesday restated their pledge to "not deviate" from overall 100% conformity levels in their output agreement after the Joint Ministerial Monitoring Committee met but still left unsettled the contentious topic of quotas.
OPEC weighs legal response to US NOPEC bill OPEC is devising a legal strategy to counter the so-called NOPEC legislation in the US
Oil up on US gasoline stock draw, Saudi refinery attack The oil complex turned higher during early afternoon US trading Wednesday, with a sharp draw in US gasoline stocks the catalyst for a stronger NYMEX RBOB contract.
Gibraltar bunker operations edge down as congestion eases: port authority The number of bunker supply operations at the Mediterranean hub of Gibraltar has fallen week on week, with congestion at the port easing, data from the port authority showed Wednesday.
High premiums could open arb to Singapore for NWE HSFO: sources A workable arb for 3.5% fuel oil cargoes moving from Northwest Europe to Singapore might open if Singapore cargoes premiums over Rotterdam widen further, market participants say.
ICS to develop detailed guidance on implementation of global sulfur cap It was again made clear that there is absolutely no possibility that the legal date of implementation will be postponed, ICS said, urging shipping companies to fastrack planning.
FUTURES: Crude remains lower on higher stocks, increased production API reported a surprise build in US crude inventory, propping up prices, sources said.
USGC HSFO premium to front-month swap reaches highest since Nov 2012: data A steep backwardation of the HSFO swap has discouraged storage of fuel oil, a source said.
Mumbai-Colombo 380 CST bunker spread narrows as Colombo tank congestion eases The Mumbai-Colombo spread stood at $10/mt Tuesday, down $10/mt from Monday.
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