Chinese shipbuilder and leasing outfit target more Greek business SWS and CMB Financial Leasing underline importance of Greek custom to their plans
Dileton facing legal fight after Saudi tanker seizure Greek tanker operator says it will vigorously contest compensation claims brought by cargo interests after one of its tankers was...
Maersk preparing to counter next wave of cyber attacks Technology chief predicts attacks will escalate from current IT infiltrations to operational interference
Dorian LPG signs third lease deal in four months Latest deal increases reliance on alternative financing at the expense of traditional bank loans, while the fate of a $70m...
Supply chains hit by US intermodal bottlenecks Carriers introduce emergency intermodal surcharges and cargo owners seek logistics alternatives due to delays at North American ports
Port capacity 'crucial for UK economy' Government report highlights need for efficiencies and cross-sector collaboration on technology and innovation, but warns of threats including a rise...
Thomas Miller to separate chairman and chief executive roles Wynn-Williams to remain as chairman but will relinquish chief executive duties in favour of chief financial officer Andrew Taylor
GasLog Partners clinches $207m acquisition of LNG carrier in latest dropdown GasLog Gibraltar vessel, on long-term charter to Shell, becomes partnership's 13th ship
Deadlock threatens to undermine Spanish port reforms The clock is ticking to put reforms into effect, but with unions and port employers at a standstill, the EU...
China's rising bauxite imports are bullish for bulkers Guinea in West Africa, which overtook Australia last year as the largest supplier to China, is expected to continue strong...
Future of finance is in sustainability, says EIB European Investment Bank official Mark Clintworth argues shipping must clean up its emissions act if it wants financial aid
Weak tanker markets will 'cure' themselves Scrapping will reduce supply overhang eventually if owners continue to recycle old tonnage, says Euronav's Rodgers
Will Li Ka-shing's retirement give Chinese ports giants a chance to buy? Price might be the only issue but timing is everything
STX O&S employees to launch strike action tomorrow over fresh job cuts South Korean shipbuilder expects up to 500 production employees to resign voluntarily
Is the time ripe for VLCC demolitions? The narrowing gap between older tonnage and scrap values might lead to further scrapping
China hits back as US opens trade investigations on dumping Adoption of trade restrictions could inflict serious damage to multilateral trading system, says commerce ministry
Ernst Russ offloads Marenave stake on shareholder dispute Update: Deutsche Balaton plans to acquire the remaining stake in Marenave that it does not own via a mandatory tender...
Zhuhai Port enters into venture with shipping firm to tap steel demand growth Joint venture will initially invest $30m on acquiring three multipurpose vessels, comprised of one secondhand and two newbuilds
Mercator sells panamax to repay debts Company signs Memorandum of Agreement with a Hong Kong-based firm for $4.3m transaction
Castleton eyes suezmaxes at Corpus Christi Diversified commodities trading firm makes plans to ship crude oil to Far East.
Pangaea sees sharp rise in net profit Quarter-on-quarter growth in net income comes after the 'toughest' dry market company ever experienced.
Great Eastern nets modern VLGC Indian shipowner adds to fleet in deal that provides S&P market indicator.
Navios locks two away as capesize period rates hold ground New York-listed shipowner ties up one ship on market-beating fixed rate with DHL.
DNV GL slashes costs as top line tumbles Leading classification society takes action as revenue slumps.
Coral Shipping buys Hansa Treuhand tanker Greek shipowner picks up aframax tanker from fleet of German owner.
Tidewater brings on two new executives Restructured OSV owner appoints two vice presidents to bolster management team.
Spanish shipbreaking figure hits 100 Well known demolition man from Bilbao, Juan Azcune, celebrates reaching a century.
Capsized vessel is under tow VIDEO: The 2,300-dwt Britannica Hav (built 1985) is getting towed by the Bee Freedom RIAS a day after turning over as a result of colliding with fishing vessel.
International Seaways VLCC heading for scrap New York-listed owner takes another step in fleet renewal process.
Star Bulk to go green with Eco Marine Dry bulk shipowner looks to add to environmental reputation in MoU with Japanese power technology firm.
AHTS rates spikes in North Sea Recent fixing pushes up spot earnings more than 300%.
Wilhelmsen looks to catch rising tide in China newbuild market Shipmanagement arm signs new deal with WestEast Marine Consulting as orders rise.
Wartsila to keep Crowley ATB's humming Largest US owner of Jones Act-qualified articulated tug barges extends deal with Wartsila.
14 crew missing after dredger capsizes One seafarer drowned as search launched off Muar, Malaysia.
Sea Globe poised for hefty profit in second go at sale Greek owner likely to be in the money if it succeeds in flipping a kamsarmax.
Trafigura tops up VLGC newbuilding orderbook Trader has booked two extra LPG carriers in South Korea.
Aegean and shareholder trio launch settlement talks Parties aim to resolve dispute over purchase of Dimitris Melissanidis's HEC Europe.
Dorian LPG lands leaseback deal number three Transaction boosts cash position and allows the repayment of debt.
Taylor takes top job at Thomas Miller CFO steps up to replace chief executive Hugo Wynn-Williams.
Cargill backing baby-cape series in China Commodity power reportedly adding to chartered fleet with CSSC sextet.
GasLog Partners splashes $207m on dropdown LNGC US-listed owner taking 2016-built vessel from sponsor GasLog.
Otto Marine goes under court management Singapore OSV owner sought protection with $877m in liabilities.
PDVSA aframax released as cargo dispute settled Venezuelan group agrees deal to free Proteo after three months.
CMBFL and SWS in Athens to woo Greek shipowners Chinese leasing house reveals shipping portfolio numbers during Athens presentation.
Greek owner condemns drunk master after assault charge Sky Mare says actions of RMS Wanheim captain "stigmatise the whole industry."
Euronav confident of closing Gener8 deal in first half Tanker owner remains on track to rubber stamp takeover, report says.
Marenave fleet plans in doubt as Balaton launches offer Rebuilding of German owner on hold as investment fund turns it into a "shell company" for now.
Mercator confirms bulker sold for scrap Indian owner banks $4.25m for 1997-built veteran.
ESSA's newbuilding claim rejected by UK court Mexican owner tried to avoid contract termination costs through possible "gamesmanship" over tender.
GC Rieber staff lose court case against company 17 ex-workers had sued OSV owner after it liquidated crewing subsidiary.
Wintermare Offshore dragged down by impairments Indonesian offshore vessel owner also impacted by weaker charters secured during offshore crisis.
Cargo ship capsized in English Channel The 2,300-dwt Britannica Hav (built 1985) capsized after colliding with a Belgian-flagged fishing vessel.
Blaze extinguished at Singapore tank farm Local firefighters finally get on top of fire on offshore island after six hour battle.
Danaos crewman detained over drug smuggling Drugs found aboard Greek-operated container vessel for the second time in six months.
NWSA ups box volumes in February The Northwest Seaport Alliance (NWSA), which includes the ports of Seattle and Tacoma, handled 279,488 TEUs in February, a 6 percent uptick...
Trump asks Congress to extend trade authorities President Donald Trump on Tuesday submitted a formal request to Congress to extend Trade Promotion Authority (TPA), which gives the executi...
ATA: Truckload driver turnover slows in Q4 2017 The annualized driver turnover rate at large truckload (TL) carriers slid seven percentage points between the third and fourth quarter of 2...
PSA profits grow on rising revenues, volumes PSA International reported a net profit of 1.23 billion Singapore (U.S. $936.3 million) for the full year in 2017, a 5.1 percent increase f...
FedEx beats on earnings, revenues in Q3 FY2018 FedEx Corp. saw its earnings skyrocket 257 percent to $2.07 billion in the third quarter of its fiscal 2018 year, which ended Feb. 28, acco...
Deeper government unity needed on transnational threats, experts say The lack of cooperation between federal agencies to combat transnational drug trafficking, terrorism, and organized crime is "unacceptable"...
Commerce says steel flange imports dumped The Commerce Department said it has preliminarily determined that stainless steel flange shipments from China and India are being dumped on...
Florida man pleads guilty to illegal exports The U.S. Justice Department said Vladimir Nevidomy of Hallandale Beach, Fla., pleaded guilty this week in a Florida district court to consp...
Crude rises to six-week high after surprise US stock draw Crude futures on Wednesday reached highs last seen six weeks ago, climbing sharply for a second straight day
US Gulf of Mexico Lease Sale 250 fetches $139 million in total bids The US Gulf of Mexico Lease Sale 250 was modestly active Wednesday
Permanent OPEC-Russia tie-up yet to progress beyond handshake agreement OPEC and Russia have yet to exchange any concrete blueprints for continuing their oil market management alliance
Saudi king to meet with Trump later this year: White House May 12 is the next deadline for the US to waive oil-related sanctions on Tehran as part of the deal, formally known as the Joint Comprehensive Plan of Action.
Trump administration penalizes oil consortiums in South Sudan The Trump administration Wednesday imposed new export licensing requirements on several oil consortiums operating in South Sudan and controlled by Asian national oil companies.
US crude stocks at deficit to five-year average: EIA US crude stocks drew unexpectedly last week, putting inventories at a deficit to the five-year average
REFINERY NEWS: Cepsa has 'no plans' to close Tenerife permanently
ISO to publish 0.5% sulfur bunker specification in late 2019 The ISO is developing a PAS for the fuels as an interim measure to give guidance to the bunker and shipping industries in 2020.
Ship operators need to lock in HSFO supply now for vessels running on scrubbers: sources Refinery upgrades could restrict HSFO availability.
FUTURES: Crude continues uptrend on surprise draw in US stocks "Surprise draw in US crude stocks reported by API has helped prices to stay in bullish territory," an investment analyst at Phillip Futures said.
Oil traders see further consolidation despite margin pick-up "We've seen the large banks involved in commodities struggle... we can see some consolidation taking place," Mercuria CEO said.
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