Demolition prices start to slide Demolition values lose a 2018 high seen in mid-March
IACS needs to become more agile, chairman warns IACS chair announces changes to the technical body's membership and application criteria and calls for greater transparency within the association
Five things to watch: Regulation Environmental regulation is the long-term trend, but shipping must first contend with a wide-reaching transparency regulation coming soon
Five things to watch: Ship finance Say goodbye to your banker next door. Say hello to a global array of new lending products
Tariff worries drag VLGC rates to eight-month low US-China trade war fears trigger counter-seasonal weakness in VLGC markets even before tariffs are imposed
The Interview: Ravi Mehrotra Few have had a career comparable to that of Ravi Mehrotra, the 76-year-old Foresight executive chairman who has built a...
Five things to watch: Marine insurance Technology and industry consolidation are making the marine insurance sector stir up historically high levels of interest
Goldilocks picks another fight with Noble amid restructuring spat The investment fund says the letter from Noble's chairman 'is riddled with assumptions and inaccuracies'
Pacific Basin to honour its share award scheme for $5.5m Payment of about $5.5m will come from the company's internal cash resources
Driver shortages and Brexit concerns driving shortsea market A hard Brexit could be a blessing for smaller terminals with spare capacity
BHP trims 2018 iron ore guidance The giant machines that pick up and empty fully-loaded rail cars of iron ore caused a setback for the miner...
Five things to watch: Law Several cases before the London courts are tied up with the actions of some of the world's more controversial regimes
Seadrill seeks new business after restructuring approval CEO says Seadrill is talking with major oil services companies and that John Fredriksen is sticking around
StealthGas eyes better market for small LPG carriers as building marathon ends Greek owner takes last of four 22,000 cu m semi-refrigerated vessels from Hyundai Mipo, bringing its 26-ship programme to a...
Diana Shipping gets higher rate for Cargill time charters Both are dry bulk vessels and expected to generate about $16m in gross revenue
Union marches with Pride for greater workplace inclusivity Union attended the LGBT+ Pride march in London in both 2016 and 2017
The women who move the world Women's networking and support group is to focus on empowering women to lead
Ship Finance to offer $150m in convertible notes Ship Finance also intends to grant the underwriters an option to purchase additional notes of up to $22.5m
Viewpoint: Biting the hands that feed us Is there anything that will make the bulk of the population think more benevolently about the ships upon which they...
Golar LNG in early talks with BP on FLNG Gas shipping specialist has not identified vessel yet for project, but could head to Keppel for order.
Bounce in Scorpio Tankers stock amid debt questions Company's stock is still wildly below strike price as management considers strategy
General Ore loan clinched as family legal spat rolls on Court documents reveal refinancing secured last year for $50m loan from DNB
AG Shipping buys first MR2 with more in sight
NRP takes two more Nordic Hamburg handysizes
Commodities have key role to play in ING's Asian ship finance growth
Shipping bankers adjust to new realities Major banks are sticking with Singapore, although some are taking a cautious approach
City state still major centre for maritime
Youroukos adds more Schulte panamaxes to fleet
Niche outfit PIL not interested in big boxships
Diversifying out of the box for PIL
'National carrier' PIL straps itself in for the long-haul Teo Siong Seng says he was flattered by last year's talk that shipping giant Cosco was set to buy his family owned business
Oslo fund delays help lift Rehder ship sale prices Hamburg-based shipmanager says investors missed the boat as it ditches Norwegian equity project and finds buyers elsewhere
Montoir celebrates milestone on LNG transshipment journey Owner Elengy is in talks on more term deals and CEO expects rising US exports to increase spot activity
Global number of charter-free FSRUs doubles in year Projects abound but developers are making bigger demands of companies
Terminal thinks big with broad range of services
Newbuilds square up for project business
Smit Lamnalco sponge-scape is the icing on the cake at Sigtto meeting
Singapore's offshore sector opens doors to new breed of player Carnage facing Singapore has seen newcomers take advantage of low asset prices to prepare for a market upturn - whenever that may come
Two shipyards still key to Kim Heng story
Kim Heng eyes 'work horse' assets at distressed prices Anchor handlers bought for a song allow outfit to undercut its opposition
HBA to clean up on backlog of rig maintenance
HBA looks to Uber model in pursuit of offshore projects Founder and chief executive Hassan Basma says leasing rather than owning will allow offshore-sector newcomers to take advantage of opportunities
Retiring Miclyn Express boss eyes mentoring role Veteran positive about offshore outfit's prospects
Leaving behind a lasting legacy
UK offshore wind projects energise workboats activity Steady rise in numbers of UK workboats a clear sign of how renewable energy is creating vessel demand
Walk-to-work vessels prove popular amid summer rush
Vroon Offshore team on the run aims to raise hospital funds
Shoreline to provide cyber and fraud cover COFR pioneer links up with XL Catlin for integrated crime-insurance policy
Greek owner slams Iraq over handling of fatal bulker crash
Carbon deal does not leave everyone happy with IMO's stance on emissions
World Bank and IMF set to begin discussions on carbon pricing
Australian detentions fall despite safety fears on foreign-flag ships Report reveals welfare standards may actually be improving amid government concerns
Iran poised to publish Sanchi probe findings
IMO carbon deal poses challenge for shipping's capex Target to slash shipping emissions set to have immediate effect on investment decisions on how ships comply with sulphur regulations
Slower speeds make for safer whale crossing
Graffiti message to IMO slightly misses its mark
Tough time for tanker owners before market picks up in 2020 Top brokers forecast ongoing pain in run-up to the IMO's 2020 cap on ships' sulphur emissions
Ciner backs $240m project for suezmax newbuilds Turkish owner ready to invest in up to four new suezmaxes to diversify fleet
Shell locks Eletson LR2 newbuilding into period charter
China's Unipec secures VLCC tonnage at low period rates
Ognibene returns to lead own tanker management platform Former Heidmar boss says new outfit Concord Maritime is bullish on crude carrier market recovery
Shandong Shipping aims to secure pack of 10 MR tankers Qingdao-based outfit believed to be aiming to hit 10 ships in its ongoing MR tanker drive but company calls the latest report of a transaction premature
ZPMC on hunt for semi-sub conversion candidates With markets improving, AMPTC aframax becomes latest tanker to make the switch
Methanol offers shipping a clean, quick pathway to carbon cuts IMO member states have agreed on a decarbonisation target, and the means to start is largely in place, says Gregory Dolan, chief executive of trade association Methanol Institute
Teekay joins digital push to give pool partners a 'bird's-eye view' Vancouver-based owner seeks to bring in more ships with online digital dashboard
Glencore nets rate cut for charter extension
Atlantica set to cash in with supramax sale
Korea Line snaps up H Vogemann's only remaining capesize
Executive Moves: Los Angeles Harbor Commission, Port of Vancouver USA and Acuitive Solutions The Los Angeles Harbor Commission has appointed Commissioner Jaime L. Lee to president. Lee was nominated by Los Angeles Mayor Eric Garcetti...
Seatrade/Streamlines, Hapag-Lloyd sign slot charter deal Refrigerated (reefer) and perishable transport specialists Seatrade and StreamLines have entered into a slot charter agreement with Hapag-L...
House Ag Committee clears 2018 Farm Bill Overcoming Democrat objections over individual eligibility requirements to receive Supplemental Nutrition Assistance Program (SNAP) benefit...
Unions serve Canadian Pacific with strike notice Class I railway Canadian Pacific revealed Wednesday it received a 72-hour strike notice from the Teamsters Canada Rail Conference-Train ...
BIMCO: Shipping feels impact of soybean tariffs BIMCO says there is already some some evidence that China's higher tariffs on U.S. soybeans is being felt in the shipping industry. "The u...
Chinese firms investing $1b in Khalifa Port FTZ Abu Dhabi Ports in the United Arab Emirates and Jiangsu Provincial Overseas Cooperation and Investment Co. Ltd. (JOCIC) of China said 15 Ch...
AI shifting shape of logistics DHL and IBM this week outlined the areas where artificial intelligence will make the biggest impact in logistics. "AI is enabling a shift ...
Port Houston thrives in Q1 Port Houston handled 9.7 million tons of cargo during the first quarter of 2018, up 2 percent from the corresponding 2017 period. Cargo sh...
Boeing delivers first 737-800 freighter conversion Boeing delivered its first 737-800 passenger plane converted to freighter service this week to GE Capital Aviation Services, which in turn ...
OPEC looks to create conditions to boost upstream investment OPEC and its allies have moved the goalposts on their production cut agreement from rebalancing the market to fostering a more bullish market to incentivize upstream investment.
Oil majors see reserves slip for fourth straight year Western oil majors saw their oil and gas reserves fall for a fourth straight year in 2017 and are replenishing more oil reserves than gas despite an industry trend to rebalance the production mix towards cleaner-burning natural gas.
Total hopeful of obtaining waiver if US reimposes Iran sanctions Total remains committed to its South Pars gas investment in Iran, but the company's CEO said Thursday he is hopeful of obtaining a waiver from the US Administration if it withdraws from the Iran nuclear deal and reimposes sanctions.
US moves closer to oil, gas lease sales in Alaska's ANWR The Trump administration has started the regulatory steps to hold at least two lease sales in Alaska's Arctic National Wildlife Refuge in the next decade, as required by the tax bill Congress approved in December.
NYMEX May crude settles lower on Omani minister remarks NYMEX May crude fell 18 cents to settle Thursday at $68.29/b, turning into negative territory when the Omani oil minister was quoted downplaying the likelihood of sharply higher prices.
European fuel oil, bunker prices hit multi-year highs on firming crude The 3.5% FOB Rotterdam barge market and Rotterdam 380 CST delivered bunker fuel has hit 3-1/2 year highs in the wake of rising ICE Brent futures.
High prices undermining WAF bunker demand -- sources Bunker fuel demand at West African ports such as Lome and Dakar has been waning over recent months due mainly to high prices, sources said.
Finland's Neste mulls whether to produce 0.5% sulfur bunkers Finnish oil refiner Neste is currently assessing whether or not it will produce 0.5% sulfur bunker fuels for when marine fuel sulfur limits drop to that level in 2020, a company representative told S&P Global Platts Wednesday.
European fuel oil heads to Red Sea as summer air-con demand kicks in The first indications of summer air-conditioning demand emerged Thursday after two vessels were heard on subjects to take fuel oil from Europe for discharge in the Red Sea.
Fuel oil market begins to experiment to produce 0.5% marine fuels Low sulfur crudes, low sulfur straight run, gasoline and gasoil are some components.
Future of scrubbers still shrouded by dark clouds ahead of IMO 2020 rule "Scrubbers as a solution [to meet compliance to IMO's 2020 rule] is off the table for now," said Eastport Maritime's Mike Beviss.
FOB Singapore 500 ppm sulfur gasoil cash differential flips to positive territory Compounding the bullishness, demand has also started to gain momentum, sources said.
FUTURES: Crude rises further on US EIA stock data Analysts surveyed Monday by S&P Global Platts were looking for US crude stocks to have risen by 625,000 barrels for the same period.
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