Petronas signs 20-year deal to buy Sabine Pass LNG The deal should support a final investment decision on Cheniere's sixth LNG train at Sabine Pass
Dunkirk Port offers 24/7 customs clearance Dunkirk Port leads by example in mitigating significant challenges at the borders post-Brexit by offering 24/7 customs clearance, easing the...
International Group cuts reinsurance rates IG says move made possible by loss experience that remains acceptable to reinsurers, continuing surplus market capacity, consistently positive financial...
Ship Finance agrees lease deal for three boxships The diverse fleet owner has amassed almost $700m in lease financing in just over a month
Shipping is facing safety challenges Enforcement and education are key to enacting and maintaining safety rules
East-west box demand growth to slow next year Post-peak slowdown expected after pre-tariff boom sucks cargo out of the market
Strack takes control at Zeaborn after Aden departs Having consolidated the shipmanagement activities formerly owned by either side of the Rickmers family, Zeaborn is now placing management in...
MOL and Uniper to collaborate on first FSRU project for Germany The two parties also signed a 20-year LNG transportation deal that will boost Uniper's capacity
MSI sees 'renewed upside' for box charter market in 2019 MSI says a steady flow of returning tonnage from charter expiries will also keep a lid on charter rates in...
Ardmore Shipping names McWilliams as chairman Curtis McWilliams, who assumes his role on January 1, has 13 years of experience as transportation industry investment banker at...
The Alliance announces network shake-up New pendulum service will link Europe, Asia and South America's west coast as individual services are consolidated
BIMCO issues warning on boxship fleet growth Large pools of idle ships and ongoing deliveries of ultra-large tonnage threatens to rattle box shipping's outlook for 2019
Daily Briefing Long Beach terminal attracts more than 50 potential bidders | DP World unveils 'revolutionary' box storage system | Moby-CIN reverse...
Russian cargoship runs aground off Cornwall Weather expected to improve during the day as tugs stand by
Diamond Tankers goes into liquidation Creditors have until January 8 next year to submit particulars of any outstanding debts or claims
Rising Asian coal use forecast to offset declines in Europe and North America India has the highest usage of any country on earth, but coal in China accounts for 14% of global primary...
Panama Canal widening creates opportunities for Port Tampa Bay Port Tampa Bay has long been preparing for the arrival of larger ships bearing greater loads from Asia
Opec cuts to hurt VLCC tonnage demand The potential downside from the Opec production cuts may also be felt in other segments as well, Gibson Shipbrokers warns
Seaspan linked to Long Beach Container Terminal bid After focusing solely on containership ownership, Seaspan is now branching out into different areas of activity under the leadership of...
Genco bolsters management team with COO hire Genco Shipping & Trading is beefing up its senior management team with the hire of Cargill veteran Robert Hughes as chief operating officer. Hughes joins the New York-listed company after spending the last five years at Cargill Ocean Transport, most recently as its Americas operations and global technical manager. Prior to Cargill, Hughes held posts at OSG Ship Management, Stolt-Nielsen and the
Gourdomichalis brothers ask plaintiffs to post security A company connected to the brothers demands bond as the Vigorous remains detained on Oregon's Columbia River.
Insurers 'concerned' with 2020 use of low-sulphur fuel oil P&I clubs 'speculate' on coverage costs related to LSFO-relaterd engine damages, American P&I Club chief executive Joe Hughes said.
Gazpromflot FSRU berths in Kaliningrad with full cargo Exclave receives Marshal Vasilevskiy as Russia prepares to join LNG importers club
Six lorries tip over on P&O ferry A major incident has been declared in Scotland after six lorries tipped over in bad weather on a P&O ferry. Emergency services were called to the 20,600-gt European Causeway (built 2000) at Cairnryan Ferry Terminal near Stranraer on Tuesday, STV reported, citing police. No injuries have been reported, but some passengers were unable to disembark. P&O Ferries said in a statement: "We can confirm
Concordia Maritime sells suezmax stake Tanker owner expects to earn $5.3m off the move.
Cruise sector expected to keep growing amid innovations Younger generations' desire for new guest experiences coupled with industry's latest features fuel ongoing expansion, according to industry experts
VIDEO: Murmansk bulker to be refloated off UK The UK coast guard is coordinating an attempt to refloat a Russian bulker off the UK coast. Murmansk Shipping's 23,200-dwt Kuzma Minin (built 1980) got stuck off Cornwall on Tuesday morning, the Maritime and Coastguard Agency (MCA) said. VIDEO: devastation inside tanker-clash frigate revealed It dragged its anchor and grounded on the western side of the port entrance between Swanpool an
Oliver Faak joins Clausius at Transport Capital Ex-Nord/LB shipping chief to co-run fund's European operation.
Enesel adds to tanker tally with Daehan suezmax deal Greek shipowner extends counter-cyclical tanker investments with up to four ships in South Korea.
Strack takes sole command of Zeaborn Ship Management after twin exit Isabelle Rickmers and Nils Aden are quitting Zeaborn Ship Management, leaving Holger Strack in sole charge of the company. Zeaborn eyes further growth with mergers and partnerships Erck Rickmers to run his own ER Capital next year Aden had shared chief executive duties with Strack, while Rickmers was managing director. Zeaborn said Aden would depart on 1 January 2019 to take up a fresh challen
Sovcomflot strikes fresh loan with six banks Latest facility closes out shipowner's mid-term financial requirements.
Unisea doubles aframax newbuilding drive with HHIC tanker brace Shipowner said to have spent $92m on latest order at shipyard in the Philippines.
Shell scoops sextet of LNG carriers from two shipowners TMS Cardiff Gas scores big with major while Sovcomflot jumps in ahead of others.
Frontline and Hunter head crude pack as peer group trumps S&P 500 Oslo-quoted pair the top performers in a difficult year for shipping shares so far.
Dof fixes idle AHTS into New Zealand Norway's Dof group has won a 60-day contract with Shell Taranaki in New Zealand for an anchor-handler. The 201-bp Skandi Emerald (built 2012) will start work in January. It is owned by the 50/50 joint venture DOF Deepwater. The ship is currently moored in Singapore. Clarksons describes it as idle.
OCBC forces sale of Ezra yard stake Singapore lender OCBC has struck a deal with restructuring offshore group Ezra Holdings to sell its shipyard stake. It will appoint a receiver to handle the deal, according to a US bankruptcy court filing cited by Bloomberg. The move came after a Singapore local authority rejected Ezra's request for more time to assume or reject the lease on the yard. Ezra withdraws Singapore court application
THE Alliance to run more than 249 ships in 2019 THE Alliance group of boxship lines is to run "more than 249 ships" next year as part of its revamped network operations. In 2018, it was operating 250 vessels through members ONE, Hapag-Lloyd and Yang Ming. The new schedule involves 29 services to cover 76 ports in Asia, Europe, North and Central America, the Middle East, Red Sea and Indian subcontinent. Yang Ming said the group will offer "ex
MHI Vestas deal sees Esvagt turn to Havyard for third windfarm newbuilding Per Saevik's Havyard has secured a contract for a third windfarm service vessel from Danish shipowner Esvagt. Esvagt behind Havyard's offshore vessel order The latest newbuilding is an option attached to a deal between the two companies announced back in September. Esvagt has added to the series after securing a charter for the ship with MHI Vestas, which will see the vessel serve the Moray Eas
BW Group grows stake in VLGC giant BW LPG Andreas Sohmen-Pao's BW Group has topped up its stake in VLGC specialist BW LPG. BW chairman: banks that understand their customers will survive Privately owned BW Group has bought shares worth over $440,000 at the end of a year which has seen the Oslo-listed company's stock drop by more than one quarter. Its additional 137,000 shares were bought at NOK 27.99 each and take BW Group's stake to
DSD's Norled inks new ferry DSD Shipping-owned Norled has contracted another ferry newbuilding in Norway. Brokers said the Norwegian owner has signed up for a 2,200-cgt vessel at Oma Baatbyggeri. It will carry 300 passengers from March 2020. No price was given for the deal. In October the company ordered three ro-paxes at Sembcorp Marine in Singapore. The battery-powered ferries are due for delivery in the fourth quarter
Ship Finance International cuts another leaseback deal Proceeds will go toward new investments and refinancing loan.
DSME hits 90% of order target with another LNG carrier contract Korean yard inks fifth gas carrier of the month worth $180m as spree continues.
Sea Machines taps Toyota for autonomous shipping cash Trial of perception technology due to be carried out on Maersk boxship.
China's woodchip imports reach record high Vietnam expanded its market share at Australia's expense, says Seattle-based consultancy.
China may increase use of Aussie exports as political weapon Activities part of growing regional tensions in Pacific, says Hong Kong-based consultancy.
Mitsubishi Corp calls time on Singapore's Diamond Tankers Company's voluntary liquidation follows disposal of aframax fleet earlier this year.
DP World building innovative container terminal Jebel Ali Terminal 4 will feature what the company is hailing as a revolutionary racking system and will be ready by Expo 2020.
Alcohol industry isn't celebrating final drawback rule CBP's nearly 500-page "modernized" regulations implement TFTEA's requirements, but not everyone is cheering.
China lowers tariffs on U.S. cars, parts through March The action fulfills a second key promise after U.S. and Chinese delegations agreed during a G20 meeting to take steps toward defusing trade tensions.
Hatch, Wyden urge improvements to 232 exclusions The senators said problems with the process to request exclusions from duties on steel and aluminum include slow response and unclear communication.
Public invited to weigh in on clean truck assessment
AuptiX offers instant quotes for partial truckload shipments
CBP officer indicted on theft, false statements charges
Appeal panel reaffirms U.S. tuna labeling compliance
BIS renews export denial for Mahan Air, slew of others
Sea Machines raises $10 million in Series A funding
Kuehne + Nagel opens distribution center in Slovenia
OUTLOOK 2019: European fuel oil market to remain strong amid tight supply
Crude plummets as market awaits OPEC action on production cuts Crude prices plunged in a late session selloff to settle at fresh 2018 lows Tuesday amid growing oversupply concerns.
Finland's Neste to produce 0.5% sulfur bunker fuel "We do have plans for that, the product will be ready for 2020."
External: Marine Bunkering(Rotterdam)B.V.
China's tighter sulfur limit rule for ships to spur LSMGO, LSFO demand China's apparent demand for LSMGO is expected to rise 32% on year in 2019, an analyst with S&P Global Platts Analytics said.
Bunker trader Coastal Oil Singapore files for liquidation: ACRA Bunker trading margins have come under sustained pressure globally.
Asia bunker fuel buying lull persists despite falling prices: sources "Prices are lower these days, but it is kind of quiet ahead of the festive season," a trader said.
Shell Oman, PDC ink agreement for bunkering facilities at Port of Duqm Shell will build a bunkering terminal to provide different grades of quality fuels and lubricants at the Port.
US middle distillates to Europe at 1.38 mil mt in Dec, 110,000 mt in Jan Nine vessels with middle distillates on board left the USGC over the past week for Europe.
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