Cheniere builds 20-strong fleet with rising LNG exports Emerging US player needs "a good base of shipping", says chief executive Jack Fusco
UK shipping minister calls for bold action on gender equality Outdated thinking on employment means maritime industry is missing out on talent, skills and intelligence, with women representing just 3%...
Maersk pins its future on new asset-mix model Is Maersk, which once owned an airline, a supermarket, a bank, bulk carriers and tankers, taking a big risk by...
BIMCO sees improving dry bulk market this year But shipping association warns against vessel over-ordering
Navios Holdings banks on increased dry cargo exposure The addition of nine dry cargo vessels increases the operating leverage at an advantageous time
LNG shipping could face threat from shale boom in China If China's lacklustre shale play can somehow gain momentum, shipowners should be worried
EU fines shipping companies $486m after cartel probe MOL was named in the investigation but avoided a fine after alerting the European Commission to a cartel which involved CSAV...
Japan tells UN Security Council of North Korean tanker's suspect cargo transfer Surveillance aircraft spots activity believed to be breaching international sanctions about 250 km off Shanghai
Cheniere Energy and Panama Canal Authority to boost LNG tanker transits LNG exporter's tankers made 62 transits through the canal in 2017
HHI posts 160% jump in shipbuilding and offshore new order value Shipbuilding and offshore orders for the month amount to $1.1bn
NYK develops program to detect vessel engine malfunctions via sound Program will analyse differences in the sound of an engine on a daily basis while sailing, and share the information...
Wilhelmsen Ship Management makes foray into offshore wind sector Move comes as shipping firms such as Cosco try to tap new revenue streams beyond traditional seaborne trade
Germany and Greece scrap most vessels on Asian beaches Figures from NGO Shipbreaking show at least 33 yard workers were killed in fatal accidents at beaching facilities in Bangladesh...
Matson opts for organic growth over M&A Company's net income boosted by US tax bill
Global Ship Lease takes 60% rate cut on OOCL charter extension Move is part of firm's strategy to keep its fleet fully utilised
Institutional investors eye APM Terminals' asset sales APM Terminals is drawing up plans to sell minority stakes in high-value port facilities that would raise cash to fund...
Matson shares fall after missing expectations Jones Act shipowner's stock falls 14% and remains in the $29-$30 range through mid-afternoon on 'elevated expectations', according to an analyst.
Exmar's barge-based FSRU hits the water Antwerp-based energy shipping concern says preparatory work ahead of charter is next step.
Shareholders dismiss Aegean's deal for HEC Shares fall to new all-time low as founder returns to majority ownership of bunker supplier.
Doubled term rates may show PSV momentum Turner Holm thinks a term-market convergence could spark "a positive feedback cycle".
Sembcorp Marine heads back into the red Singaporean shipbuilder returns to loss for the fourth quarter and sees less profit for the full year.
HSH Nordbank named as seller of fleet to MPCC Deal could be German lender's last before it is sold next week.
2Go: business as usual despite takeover turmoil Voiding of Dennis Uy's deal "a shareholder matter," owner says.
Navios Holdings' loss less than expected Diversified dry bulk shipowner sees losses narrow thanks to sharp improvement in freight rates.
China orders sale of arrested Liberty bulker in online auction A Greek-controlled bulker that was the last vessel listed in the fleet of Piraeus-based Liberty Management is going under the hammer in China later this month. The 53,500-dwt Polestar (built 2006) was arrested in October over unpaid seafarers' wages and has since been docked at the port of Zhenjiang, TradeWinds has learned. Wuhan Maritime Court is putting the Imabari-built vessel up for electro
Nord/LB sets $2bn financing target German lender says it is "ready" to provide new loans.
Knutsen NYK drops down $120m Anna Knutsen KNOT Offshore Partners takes another shuttle tanker from sponsor; new $100m loan.
Panama Canal making way for US LNG exports Cheniere Energy becomes largest LNG user shipping 62 cargoes through the expanded waterway in 2017.
MOL car carrier rescues yacht trio Japanese vessel responded to distress call in the North Atlantic.
EU slams $487m cartel fine on car carriers WWL-EUKOR, CSAV, NYK and K Line breached EU competition rules, Commission says
S&P downs Kirby after Higman takeover Leverage rises but ratings agency switches outlook from negative to stable.
Evergreen upgraded to buy But Jih Sun Securities analyst lowers target price of owner's shares.
AP Moller 'diversifying for the future' Finance chief says historic hedge failed in worst downturns and now asset light businesses are being built on top of liner and terminal activity.
Subsea 7 snaps up consultancy Xodus Siem-backed owner expands with capture of Aberdeen group from Chiyoda.
Aegean Marine buys HEC for $367m Move for founder's port services group will help re-deploy idle tankers.
Oceanteam wins more time in auditor row Norwegian regulator extends deadline for court action against owner.
Anadarko Petroleum and EDF sign LNG supply deal Mozambique LNG project to supply 1.2mt per year for 15 years in deal with French power giant.
Hyundai Heavy Industries makes stronger start to 2018 But South Korean shipbuilding group sees mixed results, in terms of sales, across different yards.
Singapore injects $9.5m into cadet training Funding aims to groom a pool of 200 Singaporeans to become deck and engineering officers.
OOCL extends Qingdao charter, but cuts rate GSL sees rate slashed on boxship as Hong Kong container line takes it for another year.
TPP-11 text released The Trans-Pacific Partnership (TPP) text was released Wednesday, just over two weeks before the 11-member version of the pact is expected t...
Container shipping striking a balance? The international shipping organization BIMCO said 2018 may just be the year in which container shipping growth and demand growth are the s...
European Commission fines four car carriers $486.5m The European Commission said Wednesday that it had fined four maritime car carriers 395 million euros (U.S. $486.5 million). Commissioner ...
NCBFAA outlines remaining ACE priorities In order to be efficient for the trade community, the Automated Commercial Environment (ACE) needs "additional critical development," inclu...
Virginia lawmakers carve out $350m for Norfolk dredging Lawmakers from both chambers of the Virginia state legislature have proposed to set aside $350 million in cash and bonds in their respectiv...
Executive Moves: MDAD and ECU Worldwide Miami-Dade County Mayor Carlos A. Gimenez has appointed Lester Sola director and chief executive officer of the Miami-Dade Aviation Departm...
Matson profits soar on U.S. tax reform Matson, Inc. saw its earnings skyrocket more than 185 percent to $232 million for the full year in 2017, according to the company's most re...
Maersk's path towards global logistics integration The chief executive officer of Maersk says his company wants to provide end-to-end transportation services by becoming a "global integrator...
Having helped wrestle the oil market from its latest bust, OPEC is now setting its sights at avoiding the next one.
Iraq exporting 100,000 b/d of fuel oil: sources Iraq is exporting around 100,000 b/d of fuel oil from its southern terminals on the Persian Gulf, with much of the product shipped to Asia, sources close to the oil ministry said.
Libya's Elephant field continues production after agreement with tribes Production from Libya's 90,000 b/d Elephant oil field is continuing uninterrupted, after state-owned National Oil Corp. averted the threat of a shutdown by tribesmen Tuesday, sources close to the company said.
Japan reports suspected STS transfer involving N Korean taker to the UN The Japanese government has reported to the United Nations Security Council Committee a recent ship-to-ship transfer of goods with a North Korea-flagged tanker in the East China Sea, which may have breached sanctions against Pyongyang.
FUJAIRAH DATA: Total oil product stocks up 2.8% to 16.774 million barrels Total oil product stocks in the UAE port of Fujairah rose by 2.8% on the week, reaching 16.774 million b/d as of Monday, as light distillates fell from last week's record high, and heavy distillates rebounded from a record low, according to latest data from the Fujairah Energy Data Committee, or FEDCom.
ICE Brent rides equity surge following Fed meeting notes Oil futures pared declines late Wednesday, lifting ICE April Brent into positive territory, after equities jumped and the dollar weakened upon the release of the latest Federal Open Market Committee meeting notes.
Bunker fuel shortages in Mediterranean: sources Bunker fuel availability was curtailed at Augusta, Italy, and at Ceuta, Spain, market sources said Wednesday.
External: Marine Bunkering(Rotterdam)B.V.
Shell inks time charter deal for two LNG fueled Aframaxes from SCF Group The two tankers will be on time charter to Shell for up to 10 years, with a minimum commitment of five years.
FEATURE: Japan's Seaservice to close tanker brokerage division amid headwinds Seaservice is withdrawing from ship broking business on March 31.
FUTURES: Crude falls on profit-taking, stronger dollar "The US dollar trend is what the market is looking out for now," Vishnu Varathan, senior economist at Mizuho Bank said.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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