Diana Containerships latest sale cuts fleet to four The Nasdaq-listed owner expects to use the proceeds to pre-pay existing indebtedness
Piracy in Somalia costs $1.4bn in 2017 Criminal networks in Somalia are still capable of sophisticated attacks, as spillover threats from the war in Yemen compound West...
Marine will remain core line at merged SSL Endeavour, Lawrence vows Existing managements retain significant stakes even though JC Flowers will have control
Tote appoints Tim Nolan as new CEO The company plans to move its corporate headquarters to Jacksonville, Florida from Seattle, Washington
Novatek creates Arctic shipping unit New transport unit will centralise management
ICS says 'time running out' on 'chaotic' sulphur cap Re-elected ICS chairman Esben Poulsson calls on IMO to address sulphur cap uncertainties and criticises EU about greenhouse gases
Container shipping sector shrugs off sanctions Sanctioned countries' contribution to container trade growth has been negligible and will have no significant effect on box shipping
European Commission backs simplified port reporting Commission pushes ahead with a compromise proposal harmonising, but not centralising, reporting formalities in the EU
Sovcomflot struggles in 'extremely challenging' tanker market Freight rates reached records lows in some sectors, having fallen by almost 50 per cent year on year
SGX sets sail for the Atlantic with new FFAs The C7 is a capesize voyage route from Bolivar, Colombia to Amsterdam-Rotterdam-Antwerp, Europe while P2E is a panamax time charter trip route from...
TBS gets new identity after Mitsubishi, LT Ugland investment The dry bulk shipping company will continue to be headquartered in Scarsdale, New York, and will add a European presence
NYK offers industry's first green bonds at 0.29% coupon The Japanese shipping giant intends to use the proceeds to fund environmentally friendly LNG-fuelled vessels, ballast water treatment systems and...
Europe acts to counter US sanctions on Iran The Blocking Statute forbids EU companies from complying with the extraterritorial effects of US sanctions
US exports to China may grow by up to $90bn as trade war averted Potential surge of imports from US to China may put pressure on competitors, such as Brazil for beef, and Australia...
Russia restricts import of dangerous goods for the next two months The security measure will apply to all, including cargo terminals and bunker suppliers
GoodBulk starts dividend as profit rolls in New dry bulk player starts up shareholder payouts as company aims for US listing.
Viken gets more period coverage for aframaxes Norwegian shipowner has netted new contracts for a brace of tankers.
'Eco' suezmaxes targeted in BP, Equinor charters Fixtures come as current and long-term bunker prices become a more critical issue.
Hapag-Lloyd Cruises to order third ship Parent TUI greenlights plan to add another Hanseatic-class vessel.
Diana Containerships continues sales effort Greek owner has reduced fleet by more than half since February.
Equinor signs up DeepOcean for five years Major formerly known as Statoil agrees another framework deal for OSVs.
Essar Shipping to shed older tonnage Indian owner's board sanctions sale of veteran vessels, with 18 potentially going.
Sea World Management tied to Toisa tanker buy Laliotis-backed company believed to be the latest to snap up vessels from court ordered sale.
VIDEO: Fire hits Glovis car carrier Crew evacuated from Auto Banner at Korea's Incheon port.
Sanoyas admits loan problems to shareholders Japanese shipbuilder has fallen foul of loan covenants but says it has reached an agreement with lenders
Second HHIC worker dies after accident Philippines yard employee suffered head injuries in fall on 12 May.
Unisea Shipping set for first bulker buy of 2018 Greek shipowner said to have purchased a vessel from a Taiwanese company.
MSC imposes extra fees for Maersk Honam boxes Damaged boxship berths tomorrow, but customers paying more for re-delivery.
NRP takes in heavylift pair Christian Ness-led investment firm has grabbed two vessels to enter new territory.
ICS predicts 2020 'chaos and confusion' Esben Poulsson warns that IMO needs to resolve bunker supply and standards issues.
Shipping faces 'wide range of threats' off Horn of Africa Report shows Yemen war has added to risk in the region with incidents on the rise.
Pacific Radiance plots vital $120m share issue New stock to constitute 65% of company as banks write off $100m.
Thenamaris LR2 locked into one-year charter Koch said to have taken in tanker from Greek owner on period deal.
ESL Shipping feels the bulker chill Icy conditions in northern Europe cut earnings for Finnish owner.
Tanker owners start to avoid Iran route European shipping companies wary of new US sanctions.
NYK prices shipping's first green bonds $93m issue aimed at funding eco-vessels and other projects will pay interest of 0.29%.
Novatek setting up Arctic shipping company Russian gas giant wants to consolidate management of its Yamal LNG carrier operations and use the Northern Sea Route.
SGX expands into Atlantic with new FFAs Launch of C7 and P2E freight contracts takes suite of products offered by the SGX to nine.
Shell firms up Vito FPU deal at Sembcorp Singapore yard group puts pen to paper on contract first agreed with oil major in December.
North Sea aframax earnings "a disaster" Asset class worst performer among crude tankers so far in 2018, says Gibson Shipbrokers.
Grimaldi christens vehicle carrier The car and truck carrier Grande Halifax , owned and operated by the Grimaldi Group, was christened Thursday in Halifax, Nova Scotia, Canad...
VARGO opening tech center in Ohio VARGO, a provider of material-handling system integration, warehouse execution software and equipment solutions for fulfillment and distrib...
TIACA unveils new logo, websites The International Air Cargo Association (TIACA) has rolled out a fresh logo and redesigned websites to underpin its new vision supporting t...
Container rates recede again after brief bounceback Container freight rates declined again last week following a brief rebound, according to two of the primary indices tracking spot market ra...
JC Horizon fights fees for tossed cargo A shipper has filed a complaint with the Federal Maritime Commission claiming it has been charged for more than $600,000 in detention and d...
Fire erupts on car carrier cargo deck A fire erupted aboard the car carrier Auto Banner at around 9:40 a.m. Seoul time Monday at the Port of Incheon in Korea. The fire broke ou...
Wabtec, GE Transportation merging Wabtec Corporation and GE Transportation announced Monday they are merging in a transaction valued at about $11.1 billion. According to th...
NWSA box-volume decline continues in April The Northwest Seaport Alliance (NWSA), which includes the ports of Seattle and Tacoma, handled 279,715 TEUs of containerized cargo in April...
Port of Grangemouth moves forward with upgrades The Port of Grangemouth is well under way with a multimillion-pound investment program involving container terminal surfacing upgrades, shi...
Oil rises as US takes tough line on Iran, Venezuela The oil complex strengthened Monday as US Secretary of State Mike Pompeo promised America would place the "strongest sanctions in history" on Iran unless Tehran took steps to change its behavior
ICE July Brent falls despite Pompeo remarks on Iran ICE July Brent was down slightly in US morning trading Monday despite remarks by Secretary of State Mike Pompeo rebuffing European efforts to skirt sanctions being reimposed by Washington on Iran
NWE fuel oil hi-lo crunches counterseasonally on strong HSFO market The hi-lo spread in Northwest Europe has narrowed counterseasonally to its lowest in 15 weeks
Gothenburg bunker fuel premium over Rotterdam widens, supported by demand
Istanbul bunker fuel premium over Novorossiisk hits six-month high
Singapore police files up to 51 new charges in connection with Shell MGO theft A pre-trial conference has been scheduled in Singapore's state courts on May 24.
Greek Arista to build up to 20 new generation LNG-fueled vessels The project establishes LNG as a global marine fuel, Arista's technical manager said.
FUTURES: Crude up as US-China trade war on 'hold'; US rig data "The pick-up in drilling activity in the US shale industry was weakening," ANZ analysts said.
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