Impairment losses on 20 ships bulk up Diana loss Greek owner posts $436m loss but revenues are rising
Seafarers to get 2.5% pay boost in 2019 New IBF agreement downgrades Somali voyage threat
Busiest year on record for the Port of New York and New Jersey 'New' Bayonne Bridge and related infrastructure projects pay huge dividends in 2017 with more growth expected in coming years
North and Swedish clock up renewal round tonnage growth Pointers so far indicate positive trend for P&I sector
Fujairah adopts blockchain to gather oil storage data Middle Eastern trading hub aims to improve efficiency and data security
Teekay's losses widen on weaker tanker markets Energy transportation group's chief executive sees positives going forward
China investigates possible breach of North Korea sanctions at sea Beijing government 'highly concerned' about the situation, says foreign ministry spokesman
Equality: Time to put some skin in the game Virgin Money made a very smart move investing in HM Treasury's Women in Finance Charter initiative. Not because it was...
Panamax boxship sales rebound Shortage of tonnage following fleet rationalisation sees sales volumes rise
HMM returns to Asia-Europe with panamax vessels Korean container line introduces new 'baby-sized' service, but launch is also 'a prelude for a more substantial return', says Alphaliner
Oil deposits found on Japanese islands linked to sunken Sanchi Samples taken from shores of Okinoerabu and Yoron islands similar to those found at tanker wreck site, says Reuters report
Global orderbook-to-fleet ratio at lowest in 20 years Moderate supply growth seen in dry bulk and containership segments
Lack of demand continues to pressure tanker markets But demand growth may improve in the second half of the year, says BIMCO
Pioneer Marine expects better year for the dry bulk market Dry bulk operator slashes losses in 2017 as the market continues to improve
Samkang M&T wins vessel block orders worth $10m from HHI Components are expected to be delivered by December 27 this year
Maersk sees another year of robust trade growth for US Maersk Line says sustained consumer confidence will underpin healthy US imports in 2018, as Canadian ports reap the rewards of...
Japan plans to commercialise unmanned vessels by 2025 Plan comes amid a shortage of seafarers and fierce competition from South Korea and China
Boskalis group secures $1bn project for Singapore's Tuas megaport Project to take place over a nine-year period with completion scheduled by 2027
Gender equality is a male issue too Recognise women for their intellect, commitment, hard work and the real contribution they make to your organisation's success
Lest we forget The 'large and daring sculpture' proposed to commemorate the Battle of the Atlantic is way overdue
NCL books higher profit, beats estimates Miami-based cruise major expects higher earnings per share (EPS) for first quarter and all of 2018.
StealthGas pens several contracts in return to profit New York-listed LPG vessel owner pens in a couple of two-year contracts and several shorter-period deals as it missed estimates for the fourth quarter.
Eurotankers snaps up Ridgebury aframax Greek owner confirms one deal but denies a second tanker has also been added.
Idan Ofer heads league of shipping's football owners
Scorpio CFO reflects upon two decades of experience Brian Lee reveals he ignored his sister's advice to avoid shipping and launched a career that has closely tracked the path of Robert Bugbee
Shareholders should question the logic behind a buy-back scheme Share repurchase programmes are in vogue for public companies large and small, but the jury remains out on whether they are always a good long-term strategy
Shipping banks should drive innovation with 'smart' capital Bankers have an opportunity to help the industry adapt to the changing demands it faces, argues Paul Taylor, global head of shipping finance at Societe Generale
Skou setting up AP Moller as FedEx of box logistics Chief executive's transformation plan pitches group as competitor to transport market leaders with digital skills to rival online banking
'Smart money' takes control of listed group M&A deals
US documents reveal Gener8 was at centre of takeover dogfight Peter Georgiopoulos had several deals in the air - including, it seems, negotiations with Chinese giant Cosco - before Euronav won out
Diana Shipping losses narrow on higher revenue New York-listed bulker owner sees one-time impairment hit of $422.5m during the fourth quarter.
Future talent steps forward as ICS boosts training plan
Juicy boxship sale is 'purely opportunistic' for CMB
Owners ride winds of change in charter market Rates head for fourth straight month of gains as shipowners prepare to tighten the screw
Simatech plots order for four 2,800-teu newbuilds
CMA CGM set to go for gas with $1.7bn order for up to 12 newbuilds After its supersize containerships, liner giant again leans toward dual-fuel option for 14,000-teu boxships
Nissen Kaiun turns to South Korea for feeder boxship order
Report on boxship explosion illustrates potential MGO dangers
Trader-class steam ship fixed on period business
Outlook fuels fresh talk of speculative LNG orders Enquiries pick up ahead of firm project demand on back of low prices and forward sentiment
Flex closes in on order for pair of LNG newbuildings Low newbuilding prices and vessel shortfall prompt John Fredriksen-backed company to consider orders
Dynagas sees gap in LNG ship capacity and forward demand
Sales talk swirls over BP-chartered ships
TPL starts up sales process
FGAS adds two more LPG carriers to growing fleet
Nauticor starts up LNG bunkering in ARA Hamburg-based company expands LNG distribution network as it fuels one of the first LNG-powered boxships.
Dubai-based Telford Offshore emerges from default of Sea Trucks Group
Local knowledge key as SCF expands in offshore Vice president Evgeniy Ambrosov reveals strategy behind Russian owner's increasingly important OSV division
Helix expects better markets but 'nowhere near' post-2018 potential Vessel supply will dictate the pace of offshore recovery even if the bottom is here, says CEO Owen Kratz
Singapore court sells unwanted offshore tonnage
Nor-Shipping teams up with Mercy Ships
IMO admits serious safety worries still hang over 2020 fuel switch Delegates voice fears about the potential effect of low-sulphur fuels on ship machinery
Bimco KPI scheme aims to track 10,000 vessels Shipowners' association hopes free performance indicator scheme will become the industry's benchmark for shipmanagement
Wexit claim is a score draw
US shale gas may double transit length for long-haul chemicals Expected growth in global chemicals demand, coupled with longer voyages, may end up being a rather healthy tonic for chemical tankers, says Odfjell
Norton waits for 'freewheeling' Jones Act market to lift OSG Pure play US-flag shipowner has made a conscious choice not to fix out vessels long-term at loss-making rates, positioning itself to take advantage of any improvement in spot market
Big choices loom on fleet renewal and American Shipping tankers
Odfjell's Morch expects greater chemicals consolidation in 2018 More mergers may occur among owners of smaller chemical tankers as investors learn the importance of a global footprint
Odfjell sees more underlying progress in drive to cut losses
Historic loading gives glimmer of hope for beleaguered VLCCs First direct loading of a VLCC at LOOP is a reflection of surging US oil production - but big tanker owners could do with a few more shafts of light amid the gloom
Bugbee raises a glass to merits of modern ships
Hannevik's son follows in his father's footsteps at Bergshav
Eurotankers adds another tanker to expanding fleet
Tokyo broker Seaservice closes its doors to shipping Withdrawal seen as sign of the times for Japan's beleaguered tanker brokers as consolidation of country's oil refiners bites
Sinokor locks away four VLCC newbuildings to GS Caltex
Pertamina still on the lookout to buy VLCCs
Super-Eco makes way for new tonnage
BP's VLCC time-charter haul rises to four
Cido set to trim fleet again with MR tanker sales
Ancora Investment to sell last suezmax tanker Greek owner is seeking a buyer for 2003-built ship, sources say.
MOL orders again after shake-up in dry bulk
Sinokor bucks subdued New Year scrapping
S&P puts Eletson bonds to 'selective default' after agreement with bondholders Company says regrets downgrade, sees no impact on customers, employees.
A day in the life: Port chaplain David See Port chaplains have had to adapt to the bewildering pace of technological change. But the most important thing hasn't changed: above all, they need to be good listeners
Life in the fast lane with Containerships boss The Finnish company's chief executive is a driving force for change. Out of the office, he's still a driving force
Resolve Marine: Keeping it in the family
Shipping M&A: Money men are calling the shots Gener8's takeover by Euronav is the latest in a growing trend that shows private equity is in the driver's seat
Diana Shipping losses narrow on higher revenue New York-listed bulker owner sees one-time impairment hit of $422.5m during the fourth quarter.
From Rena to Katrina: The Resolve story How a 'mom and pop shop' became one of the world's largest salvage companies and is swimming against the tide set by the big boys
Junichiro Ikeda outlines his vision for MOL Junichiro Ikeda looks to the future, starting with the mega-merger that will transform the Japanese liner landscape
Wilhelmsen Ship Management inks offshore wind deal Five-year contract signed alongside fellow group company NorSea.
BW Offshore notes improving market as profit returns Forth quarter profit helps FPSO specialist return to the black in 2017.
Wartsila inks deal with TMS Cardiff Gas Finnish group to maintain four LNG carriers for Economou company.
Gorgels takes top job in ABN Amro shipping reshuffle Merger of shipping and logistics comes amid confirmation the Gust Biesbroeck has left the bank.
Teekay LNG sells ship and secures fresh loan Opportunistic sale and latest refinancing package revealed in eventful fourth quarter report.
Oceanteam faces court probe in Norway OSV owner to be investigated over related-party transactions.
Employers agree 2.5% wage increase IBF talks limit wage inflation but employers make concessions on dock work.
Kenneth Hvid points to Teekay Corp 'inflection point' Fresh capital and the arrival of new ships lead to upbeat assessment from chief executive.
Teekay Offshore hit by newbuilding costs Profit lowered by transit of shuttle tankers to east coast of Canada.
Borr Drilling scoops Paragon rig fleet Tor Olav Troim-backed owner adds 32 units in $232.5m deal.
Siem Offshore slashes its loss Finance and impairment costs drop for Norwegian OSV owner.
Robbers wield AK47s in latest Gulf of Guinea attack Nigerian incident saw repeated attempt by pirates to board moving vessel using ladders. d
HMM's 'U.S. Premium Service' moves over 10,000 TEUs Hyundai Merchant Marine (HMM) said Thursday that it has moved over 10,000 TEUs of containers under its "U.S. Premium Service" where shipper...
Commerce confirms antidumping duties for Argentina, Indonesia biodiesel The Commerce Department on Wednesday announced affirmative final determinations in the antidumping duty investigations of biodiesel from In...
Navios Maritime Partners snags $35m Navios Maritime Partners L.P., an international owner and operator of container and dry bulk vessels, has closed the previously announced o...
Commentary: Compliance in an e-commerce world It's hard to think of a year in which global trade was more under the microscope than it was in 2017, especially in North America. Under t...
MPC Container Ships continues fleet expansion Fledgling containership owner and operator MPC Container Ships AS is continuing to grow it's fleet at a rapid clip. The Norway-based compa...
Diana's net loss plunges deeper Diana Shipping Inc.'s net loss for the fourth quarter of 2017 sank down to $436.9 million, much deeper than the net loss of $23.3 million f...
ATA: Truck tonnage growth continues in January Domestic truck tonnage growth continued in January 2018, rising 2 percent from the previous month and 8.8 percent year-over-year, according...
NWSA box volumes fall in January Combined container volumes at the ports of Seattle and Tacoma fell 16.7 percent to 250,762 TEUs in January 2018, according to the most rece...
Nigeria crude output currently under 1.8 mil b/d: minister Nigerian crude oil production remains under 1.8 million b/d, the country's oil minister said Thursday, noting Africa's largest oil producer will stay below that quota for the rest of 2018, as "advised" by OPEC.
OPEC seeks permanent Russia alliance to boost upstream investment: UAE minister A permanent alliance with Russia and other allies would be aimed at ensuring enough upstream investment in the oil industry to meet growing demand, UAE energy minister Suhail al-Mazrouei said Thursday.
US will not certify Iran nuclear deal: Pence The Trump administration will not certify the Iran nuclear deal, US Vice President Mike Pence said Thursday, increasing the likelihood of re-imposition of US sanctions on international sales of Iranian crude.
US crude stocks draw on fewer imports, more exports US Energy Information Administration data released Thursday showed a surprise draw in crude stocks last week, spurring a turnaround in oil futures that lifted NYMEX April crude back above $62/b.
Surprise US crude draw sparks turnaround in oil futures Oil futures rose Thursday after US Energy Information Administration data showed an unexpected draw in crude stocks last week, lifting NYMEX April crude $1.09 to $62.77/b.
Bunker supplier Aegean signs deal to buy H.E.C. Europe Challenging bunker market conditions has prompted Aegean to diversify its business model.
Global oil stocks may struggle to fall in 2019: Vitol Bake said "there is a huge amount of uncertainty even within our own organization about how best to respond" to the 0.5% sulfur cap in 2020.
Glencore sees steady rise in 2017 crude oil trading volumes Oil marketing volumes saw a meaningful increase, with Glencore marketing 1.2 billion barrels of crude oil last year, up 33% from 2016.
Shanghai 380 CST bunker premium at 1-year high on holiday surcharge, tight supply Because of the holidays, most of the barge operators have gone home, a Shanghai-based trader said.
European Commission fines Japan's K Line, NYK over car carrier cartel The cartel coordinated prices, allocated customers and exchanged commercially sensitive information about elements of the price, EC said.
Total to keep probing risky oil and gas frontiers: upstream chief Breuillac emphasized th strategic importance of North Sea as Total completes its purchase of Maersk Oil.
FUTURES: Crude falls on firmer dollar despite API crude draw data
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