The Lloyd's List Podcast: Paddy Rodgers on why the solution to pollution is not dilution Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
The Interview: Mark Montgomery Going from being for sale to being able to grow our business in the US is a major change
Sovcomflot encouraged by rising tanker markets Tanker company's chief executive cited the rising rates as a welcome boost to its earnings
J. Lauritzen confident of upward trend in dry bulk Danish company sold a handysize bulker which will be delivered to its new owner this month
BGC acquires Poten & Partners Gas specialist with around 170 employees snapped up by the US-listed global brokerage firm for an undisclosed price
Frontline notes strength of crude tanker market John Fredriksen's tanker unit, Frontline, to install more scrubbers on its fleet ahead of the International Maritime Organization's low-sulphur regulations...
Euroseas narrows third-quarter loss A 22% increase in charter earnings helped Euroseas' revenues grow 45.7% to $8.3m in the third quarter of 2018.
Changing lanes: Consortia under the spotlight Consolidation among carriers and the emergence of the three major alliances will be factors to be considered when the block...
Kuehne + Nagel expands Sea Explorer service The platform will provide full visibility on CO2 emissions across carriers and individual services, says Otto Schacht
Dynagas hit by lower charter rates LNG carrier owner's profits slide, as dry docking costs rise and revenues from extended charter contracts fall
Euronav's Rodgers fears up to $400m of sunken costs with scrubbers The industry's most outspoken scrubber critic warns the technology has unknown environmental impact and could impede decarbonisation
Daily Briefing Rogue shippers in the firing line over cargo safety | IMO urged to consider public access reform | Exclusive interview...
RWE, Shandong Shipping and Bocomm Leasing strike $1.9bn capesize deal Vessels will carry 150m tonnes of coal and other commodities for RWE during the 10-year charter period
Lender comes after Louisiana offshore vessel owner after alleged default A private offshore company owned by a Louisiana lawmaker is in hot water after allegedly defaulting on a $22.5m loan to buy a ship. According to a federal lawsuit filed in New Orleans federal court Thursday, Iberia Marine Services - now part of SeaTran Marine - took out the loan from First NBC Bank to buy the 68-passenger crewboat Lady Eve in 2015. Less than two years later, the suit says, payme
Moody's gives bump to Navios Partners' debt Moody's has upgraded Navios Maritime Partners. Citing a strengthening dry bulk market and improving charter rates, the ratings agency bumped the Angeliki Frangou-led shipowner's corporate family rating up a level, from B3 to B2. Navios Partners holders to get portion of Navios Containers "The dry bulk market has come back strongly from a historical low in 2016. The Baltic Dry Index ... increase
Euroseas shares slump after quarterly loss Euroseas saw its shares plummet after it reported a loss of just under $1m in the third quarter, falling well short of analysts' expectations. The New York-listed containership owner's shares were down $0.45 to hit $1.20 in midday trading, a drop of more than 25%. That came after the Greek owner reported a $900,000 loss, which was less than the $5.5m loss in the same period of last year. But t
Shipbroker Poten & Partners sharpens M&A focus after BGC Partners deal Shipbroking boss Steven Garten and BGC president Shaun Lynn share growth ambitions after closing transaction.
Ship Finance International extends veteran VLCC disposals Ship Finance International continues to clear out its oldest tankers. It has confirmed the sale of the 308,000-dwt Front Falcon (built 2002), bringing in proceeds of $30.7m. The figure likely includes additional cash related to termination of the charter by sister company Frontline. Valuations services VesselsValue and Maritime Strategies International put the likely market sale price of the ve
Sovcomflot: green shoots of recovery for tankers Russian group makes it back into profit in third quarter.
New SeaBird seismic ship bags first charter SeaBird Exploration has won its first contract for a ship acquired from CGG earlier this year. It paid $17m for the 2,900-dwt Geowave Voyager (built 2009). The seismic survey vessel has been renamed Eagle Explorer. CGG has now chartered the ship for 160 days firm from December, with options for CGG to extend.
HSH poised to privatise as loan loss reversed German lender on brink of completing sale to JC Flowers and other investors.
Insurer Lubcke becomes Regent Marine German insurance broker Lubcke Marine Assekuranzmakler has changed its name to Regent Marine Assekuranzmakler. The change reflects the company's majority ownership by Regent Insurance Brokers since 2012, and the close working relationship which has existed between the two businesses ever since, it said. Staff, management, contracts and agreements remain unaffected. The company wants to create a
Tidewater merger: good chance for OSV sector to reduce oversupply VesselsValue says US owner is a steadfast scrapper of non-performing ships.
BGC Partners buys shipbroker Poten & Partners Shaun Lynn-led global financial brokerage swoops for full control of Michael Tusiani-chaired firm.
PIL spends $70m on bond redemption Singapore boxship line PIL has bought back the remaining SGD 97m ($70.5m) of a bond issue that expired on Friday. The SGD 130m issue was part of its SGD 1bn medium-term note programme. Last year the company priced SGD 66m of three-year bonds at 8.5% as part of an exchange offer launched for the 2018 series. A total of SGD 33m, or 25.4%, of the 2018 notes were offered for exchange at that time.
Sealink orders Tasmanian ferry double New Zealand owner Sealink has signed up for two new car ferries at Tasmania's Richardson Devine yard. Brokers said the 1,000-gt, 80-pax units are due in December 2019 and January 2021. No prices were given. The owner has one other vessel in operation - a 485-gt ferry built in 2014.
Leaking capesize stabilised off Canada Power restored and crew safe on Centennial Harmony.
J Lauritzen cuts loss as dry and LPG markets rise J Lauritzen pointed to progress in the dry cargo and LPG sectors as it continued to build up its bulker fleet in the third quarter. The Danish owner booked a core operating loss of $1.7m for the three months to the end of September, trimming the $9.8m red number at the same stage a year ago. Torvald Klaveness dry bulk boss joins J Lauritzen Mads P. Zacho, chief executive of J Lauritzen, said:
Lively exchange of views at TradeWinds forum in Tokyo Japanese shipping companies and shipyards are changing to cope with the a shifting industry
Cargoships separated after clash off Germany Dutch and Turkish vessels crashed off Borkum.
ITF warns over lashing after crewman killed Seafarer died when container struck him at Dublin.
Frontline positive on Iran and Opec as tanker trough passes Frontline pointed to disruption from Iranian sanctions and painted an optimistic view on Opec production as it predicted the worst news for the tanker market was in the rear view mirror. As it reported a larger than expected third quarter profit the John Fredriksen-backed tanker owner presented a market that is beginning to re-balance. Danske Bank boosts Frontline with 2020 upswing in sight Scr
Kuok's PaxOcean wins trio from Royal IHC Indonesian yard to construct three sub-contracted dredgers for Dutch shipbuilder.
"Despair" as migrants lock themselves in on car carrier Some leave ship in Libya, but others refuse to disembark.
Departure of crude cannibals lifting product tanker tide, says Torm Product tanker owners have endured the worst pain of the downcycle and are now benefitting from their crude peers not eating into their cargoes, Jacob Meldgaard says. Torm executive director Meldgaard says rates have now moved above breakeven for those triangulating in the Atlantic and next year should see further progress. Torm sells trio of tankers in latest renewal move Torm joins scrubber d
MR tanker profit falls at TNG Croatian owner endures challenging conditions in third quarter.
Safe Bulkers concludes refinancing with new loan facility US-listed bulker owner says total debt has now risen to $610.7m secured by 39 vessels.
OOCL adds South Africa to expanding African portfolio Hong Kong-liner operator set to offer three weekly services to Durban from the end of November.
Klaveness Combination Carriers extends South32 COA Norwegian shipowner says new contract has potential life of five years including options.
Daewoo claims progress in talks over Sonangol drillships But South Korean shipbuilder has given no specific time frame for concluding the deal.
ITC urged to consider USMCA customs, dairy provisions The International Trade Commission held a hearing Thursday and Friday to inform its report on the likely economic impacts of the U.S.-Mexico-Canada Agreement.
EU drafts retaliation list for possible U.S. auto tariffs European Trade Commissioner Cecilia Malmstrom said the list has U.S. products targeted for retaliation should the Trump administration impose automotive tariffs on Europe.
ZIM records $6.6 million loss in third quarter
Oakland reports busiest peak season ever for imports
WTI unchanged on day as bears hold their ground The oil complex gave back most of an early-session upswing in afternoon Friday trading amid lingering bearish influences
Singapore HSFO supply seen set to remain tight in Dec on lower cargo inflow Supply of high sulfur fuel oil in Singapore is expected to remain tight in December
OPEC's production changes complicate oil cut negotiations OPEC and its allies have all but decided to cut oil production in 2019 to shore up what they see as a weak market ahead.
Colombia exports nearly 17 mil barrels of crude in Oct, up 4% from Sep Colombia exported 16.620 million barrels of crude in October, 4% higher from September.
Trump says he will nominate EPA acting chief Wheeler to permanent role US President Donald Trump said Friday he plans to nominate Environmental Protection Agency Acting Administrator Andrew Wheeler to become permanent head of the agency
US, UK officials meet with shippers to crack down on North Korea fuel trades As the US and UK continue to crack down on ship-to-ship fuel transfers to North Korea, the governments met Friday in London with shipping industry leaders and commodity traders to discuss steps the private sector can take to prevent deals banned under UN sanctions.
Japan's bunker fuel demand thin but uptick expected before year-end Japan's bunker fuel demand has softened following a peak in August, when buyers turned to Japanese supplies after a spate of fuel contamination issues in the Singapore bunker market.
INTERVIEW: Bunker testing lab sees compatibility issues continuing post-2020 Compatibility issues with bunker fuels can be expected to continue after the majority of the shipping industry shifts to burning lower-sulfur marine fuels in 2020, according to fuel testing company Bureau Veritas.
External: Marine Bunkering(Rotterdam)B.V.
ARA fuel oil stocks tumble 27% on week after three Suezmax departures east: PJK "With the backwardation there are some empty tanks," a fuel oil trader said
Iran condensate stored on Chinese controlled floating storage -sources The Dover on November 9 transferred a part of its two-million barrels parcel of condensate on tothe CCPC Vanguard.
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