China circumvents US sanctions on Iranian oil Analysts say that Iran's oil exports may drop below 2m bpd in August
Singamas chairman says container buyers cautious on new orders Box maker slides into the red in the first six months of the year because of increased costs, but expects...
ConocoPhillips ends dispute with Venezuela's state-owned energy company Venezuela exported 3.8m bpd in April to June this year, down from 5.4m bpd over the same period a year...
Wärtsilä invests $230m in Finnish tech hub The Vaasa-based Smart Technology Hub is due to open by 2020
Hafnia Tankers confirms BW merger talks to create product tanker giant BW Group raised its stakeholding in Hafnia to 43.5% in July
Global box growth brakes sharply in second quarter Volume growth for the first half of 2018 came in at a moderate 3.2%, according to CTS
Migrant rescue vessel docks in Italy, but disembarkation is delayed The Italian coastguard rescued 190 people from a boat off Italy's Lampedusa island last week
Daily Briefing Consolidation: Size means nothing without outstanding customer service | LNG newbuilding prices have to go up for yards to stay...
Noble's founder declines executive director role in restructured firm Mr Elman cited personal reasons for not taking up the position
Idan Ofer agrees Pacific Drilling restructuring plan The new package will strengthen the balance sheet by reducing leverage and delivering a substantial amount of new capital, Pacific...
GasLog orders two LNG carriers backed by Cheniere charters GasLog chief executive Paul Wogan says the company remains confident in its ability to increase our market share at attractive returns
Maersk ship surpasses 19,000 teus Mumbai Maersk loaded with 19,038-teu of containers, breaking world record, says Danish giant.
NABU: Cruise still launching 'dirty' ships German environmental group says industry majors show no efforts to reduce pollution while Carnival Corp has 11 LNG-powered ships on order.
Eidesvik returns to loss in second quarter Norwegian owner sees lower results due to weak rates across the board.
US sanctions Russian shipping for North Korea trade Two Russian firms and six vessels targeted for transfer of refined petroleum products to North Korean ships.
Martinos inks rare three-year capesize deal with Rio Tinto Eastern Mediterranean bulker has been fixed in deal which marks a deviation from typical strategy.
Marenave exits shipping with change of name Former owner becomes Marna as it drops plan to resurrect fleet.
Indian yards asks state for $2bn of cash 22 shipbuilders want help to keep the industry viable.
DSME takes 2018 LNG carrier orders to a dozen Ships have been contracted alongside 15 tankers to take Korean yard almost half way to annual target.
Fleet expansion to boost MISC profit Ratings agency Moody's optimistic over Malaysian owner's prospects.
NYK using lasers to cut steel corrosion Owner teams with technology company Toyokoh for deck maintenance.
Oxygen Maritime LR1 sale date set Greek owner looks to have lost battle to prevent auction of arrested tanker in US.
Wartsila pumps $230m into new tech hub Finnish ship systems group Wartsila is investing EUR 200m ($230m) in a new technology hub. The "next-generation innovation and production centre", will be built in Vaasa, Finland. As of 2020, all of Wartsila's functions and personnel in central Vaasa will transfer to the new hub, along with the logistics and maintenance workshop operations from Runsor. It will put EUR 83m towards modern testing
Hafnia Tankers and BW confirm talks for $2bn merger Discussions come after BW Group became a major shareholder in the Danish owner this summer.
K Line fined for South Africa price-fixing Latest penalty for car carrier collusion sees owner pay nearly $7m.
Vinalines cuts debt by $859m ahead of IPO Chairman Le Anh Son reveals healthier balance sheet as owner prepares listing.
Winning Shipping scraps oldest capesize Bulker has been scrapped for only a fraction less than shipowner paid for the vessel in 2013.
New Maersk Line ship set for trial run through NSR Container giant says Arctic short-cut unlikely to be added to its present network.
SBIC heading for $120m-plus loss in 2018 Vietnamese shipbuilder blames state of markets for owners' reluctance to order.
Ocean Network Express orders 14,000 reefer containers Japanese liner giant looks to maintain its staus as one of the top three players in the sector.
Lloyd Fonds eyes divestments as it lines up new funds German shipping asset manager wins backing for strategy focusing more on property.
SITC International sees interim profit inch-up Steady as she goes for Chinese intra-Asian liner operator as it sees uptick in bottom line.
Monjasa to appeal controversial GNMTC ruling Danish tanker owner contesting UK decision its claim against Libyan company came too late after bunker deal went wrong.
Chinese shipowner arrests Negmar-controlled bulker A Negmar Denizcilik-controlled bulker previously in trouble for illegal transhipment activities in Indonesia has been seized in Singapore
Sentosa Ship Brokers beefs up CPP and DPP desks Singapore tanker shop adds to its VLCC and LR expertise with experienced hands.
Noble founder declines director role in restructured firm End of an era at once great Asian commodity trader as Richard Elam walks away from leadership role.
MercuryGate helps clients realize potential Transportation management system solutions provider MercuryGate International on Tuesday announced the launch of its Value Assessment offering.
Executive Moves: Milestone, Volga-Dnepr Milestone has added Chuck Cannata, Mike Schiller and Kathy Tierney to its leadership team. Volga-Dnepr Group has appointed Konstantin Vekshin as executive president of charter cargo operations for Volga-Dnepr Airlines.
Quicker rulings mulled as part of CTPAT U.S. Customs and Border Protection is considering development of an indicator for trusted members of the Customs-Trade Partnership Against Terrorism (CTPAT) for expedited customs rulings and to submit confidential manifest requests in the CTPAT portal, CBP CTPAT Director Elizabeth Schmelzinger said last Wednesday during the CBP 2018 Trade Symposium in Atlanta.
Maersk testing Arctic waters A Maersk containership will move cargo along the north coast of Russia in coming weeks.
Trucking 'driving force' behind economy U.S.-based trucking operators carried 10.77 billion tons of freight in 2017, 3.4 percent more than in the previous year, according to the American Trucking Associations' latest annual American Trucking Trends report.
FMCSA looking to revise HOS regulations The U.S. Department of Transportation's Federal Motor Carrier Safety Administration said Tuesday it is seeking public comment on revising four specific areas of current hours-of-service regulations.
Chinese firms form blockchain pact Tech company Yuanben has entered into a partnership with the Maritime Silk Road Platform to provide blockchain services for global maritime freight.
Trump pushes Senate to pass STOP Act President Donald Trump in a tweet on Monday aggressively pushed the Senate to pass the Securing the International Mail Against Opioids Act (STOP Act), which the House passed the bill June 14.
Deeper Mississippi 'economically justified' The Army Corps of Engineers has signed off on a director's report to dredge the Mississippi River Ship Channel to 50 feet, citing that the project is "economically justified and environmentally sustainable."
OPEC weighs next move with fundamentals hazy OPEC's strategy of cooperating with Russia and other allies to raise production by 1 million b/d has stalled
US Treasury says sanctions are biting Russian upstream investment US sanctions are limiting important investment in Russia's upstream needed for expanding the country's oil and gas production capacity
Crude futures settle higher as Iran supply fears gain further traction Oil futures were higher Tuesday as market participants prepared for supply tightness once US sanctions against buyers of Iranian crude cut available barrels on the global market.
US sanctions two Russian shippers for oil transfers to North Korea The US Treasury Department on Tuesday sanctioned two Russia-based shipping companies and six vessels
Clean tanker goes missing off Gabon A clean tanker carrying around 10,000 mt of gasoil has been missing in the Gulf Of Guinea
External: Marine Bunkering(Rotterdam)B.V.
ESL Shipping gets delivery of eco-friendly LNG-fueled vessel Not only will this newbuild curb sulfur emissions, it will also help ESL Shipping tackle its carbon footprint.
China's Sinopec woos buyers beyond Asia with larger gasoil cargoes "A bigger vessel helps to save freight costs and ship the barrels to farther destinations," the company said.
ANALYSIS: Strengthening ME crude complex fails to lift light sour crudes Abundant arbitrage cargoes, saddled with an overhang of September loading light sour crude cargoes, were putting pressure on prices for lighter sour grades.
Sale of 11 million barrels from US SPR by December may cushion Iran sanctions impact The sale is part of a previously announced drawdown for the next fiscal year, which starts in October.
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