MPC Container Ships picks up three more feeders from KG firms Oslo-listed outfit takes fleet to 68 in well-starred niche
ClearOcean Tankers launched with eye on further growth New joint venture backed by Clearlake, Dragnis and Maas Capital starts with six newbuildings in South Korea
Supreme Court decision clarifies drug and contraband risk Suitable policies available at modest cost, Moore insists
Scrubber leasing: a game for trading houses? Charterers have an inherent incentive to provide owners financing for scrubber installation as a post-2020 solution for new IMO rules
Owner of B Atlantic loses final appeal in long-running drugs case Ruling has major implications for interpretation of causation under Institute Clauses
Iridium hails maritime distress system decision as 'historic' Since the inception of GMDSS in the 1980s there has been only one provider, Inmarsat, the UK-listed satellite service provider
Hapag-Lloyd starts consulting staff on job cuts Hamburg-based line needs to adapt to new circumstances having changed because of mergers with CSAV and UASC
BofA bullish on everything except crude tankers Boxships, bulkers and product tankers will enjoy good rate environments in 2018-20 owing to healthy demand, the bank predicts
Union calls for 'real' increase in global seafarer wage Plea for a review of the only internationally agreed pay floor applied to an entire industry will be made by...
Global Ports Holding lands Havana cruise port deal London Stock Exchange company will start a 15-year management contract for Havana port in June
Guinea bauxite mine strike to hurt dry bulk trades Guinea's strike has interrupted bauxite loadings resulting in increased vessel supply in the Asia-Pacific and Atlantic basins
MSC applies bunker surcharge amid 30% jump in fuel prices "With crude oil hovering around $80 a barrel - the highest level since 2014 - the situation is no longer sustainable without...
Up to 20% of shipping may not comply with sulphur cap Marine gasoil is seen as the most likely option, with increased demand adding 1.8m b/d in refinery runs
China Merchants to integrate Shenzhen port After restructuring Chiwan will become the de facto controller of Hong Kong-listed China Merchants Port
GoodBulk returns to profit on dry bulk recovery, vessel sale Improved rates, despite the seasonally weak first quarter, supported management's view that the capesize market is in the beginning stages...
New South Wales Ports to support lower emission vessels NSW Ports plans to introduce the incentive scheme by January 1, 2019
Charterer scramble boosts Med aframaxes Spot rates experience best levels in months, but shipbrokers caution that gains may be short lived.
FSL borrows $18m for chemical tankers Singapore's First Ship Lease (FSL) Trust also issues $7.25m in debt and seeks extension on debt repayment.
Torm sees better market in the offing Some cannibalisation from dirty tankers notwithstanding, more signs are pointing up than down for clean tankers.
Clarksons calls in Miller to chair pay committee Former Standard Chartered executive takes over from ex-UK Athletics boss.
MPCC adds boxship trio for $34m Reederei Nord and Schulte raided for modern vessels; options for more explored.
Diana Shipping secures capesize contract with Koch Simeon Palios-led bulker owner gets higher pay on latest fix as capesize rates decline from a week ago.
GEFO linked to Besiktas tanker quartet German owner said to have snapped up four modern vessels from Turkish owner.
Wilhelmsen boosts digital drive with Dolittle deal Norwegian group buys into start-up backed by former Microsoft men.
Knud E Hansen unveils Grimaldi ro-ros Danish designer says new vessels will produce no emissions in port.
Claus-Peter Offen sells pair of product tankers German company believed to have shed two vessels.
Bnavios fails in final B Atlantic drugs case appeal UK supreme court turns down Italian owner's $20m claim after bulker seized in Venezuela.
Gunvor inks largest shipowning move with six newbuildings Product tanker order in partnership with Dragnis family and Maas Capital extends growth under Jan Andersen's leadership.
Global Ports inks Cuba deal to break into Caribbean market Chief executive says landmark deal expected to be followed by more in the region.
Franbo Lines returns to profit Taiwanese dry cargoship owner cuts costs in first quarter.
Emissions regs should make scrapping decisions easier ICS chairman Esben Poulsson tells TradeWinds Shipowners forum that new regulations will lead to increased scrapping.
Bibby Offshore wins IRM contract Multi-million dollar deal will keep OSVs busy into the third quarter.
Golden Ocean tipped for rising profit backed by Brazilian exports Danske Bank expects bulker owner to beat the market in 2018 after three years in the red.
Hornbeck Offshore closes Aries Marine quartet US owner confirms deal for four Jones Act vessels is complete.
Wisdom Marine bulks up profit Taiwanese dry cargo specialist boosted by rising revenue.
JP Morgan upgrades Evergreen Marine Upgrade comes just a few days after liner company revealed first quarter profit.
Essar thwarted in burning bulker cargo case UK high court rules owner Agile Holdings must be indemnified from any damage claims.
ADNOC and OCP team up on shipping Abu Dhabi and Moroccan groups creating JV for fertiliser operations.
Shell charters Ostensjo PSV for three years Norwegian owner secures term work for vessel in the UK.
MSC introduces worldwide emergency bunker surcharge Swiss containership giant says fuel prices have risen by almost 70% in less than a year.
Singapore vessel arrests hit five-year low Improving market conditions contributing to fewer detentions, court records said to show.
Japanese yards priced out of bulker market Chinese said to have 15-20% cost advantage over neighbours, says shipbroker Affinity (Shipping)
Damco leases Los Angeles-area logistics center The A.P. Moller-Maersk subsidiary Damco has leased a nearly 1 million-square-foot warehouse complex in Santa Fe Springs, Calif., from Goodm...
FMC weighing PierPass revision The Federal Maritime Commission is expected to decide later this week whether to allow the dozen container terminal operators in the Ports ...
Port of New Orleans growth on the horizon Growth is on the horizon at the Port of New Orleans in various lines of business as it nears completion of its master plan . The board of ...
Heavy-lift shipping pioneer dies Hans Kahn, founder of heavy-lift ocean carrier Jumbo, died Friday in Caesarea, Israel, at the age of 95. Born in 1922, Kahn entered the ma...
What's the payoff from terminal automation? Although North American terminals are lagging behind in automation compared to their Asian and European counterparts, they may want to more...
EU, India file retaliatory tariffs on U.S. goods The European Union and India have filed separate lists of planned tariffs with the World Trade Organization that would target more than $7 ...
Intermodal pricing continues to gather steam Intermodal rates kept picking up steam in April, growing another 6.6 percent compared to the same month the previous year, the 19th consecu...
Truckload rates step on the gas in April Growth in domestic U.S. truckload rates continued to step on the gas in April, increasing 8.2 percent compared with the same month a year a...
Commerce: Keep deposits on cold-rolled steel imports coming In an effort to close a backdoor channel for dutiable Chinese steel entering the United States, the Commerce Department said it will contin...
Rotterdam HSFO barge crack at two-month high as demand picks up The 3.5% FOB Rotterdam barge fuel oil crack, buoyed by refinery maintenance, a shortage of components, and stronger demand
European LSSR overhang sees crack spread uncouple from that of fuel oil An oversupply of low sulfur straight run in Europe has prevented the feedstock crack spread
HSFO to move from tight Med into WAF bunker market Cracked high sulfur fuel oil was Tuesday heard being booked to move out of the Mediterranean to the West Africa market
Major changes needed before US lifts sanctions on Iran: Secretary of State Pompeo Pompeo said Monday the US was not looking to renegotiate the JCPOA and offered no support for efforts from allies to broker a revised form of the deal.
Steady Cushing crude builds keeping NYMEX WTI rally at bay Crude stocks at the NYMEX crude delivery point have increased nine of the last 10 weeks by 9 million barrels to 37.2 million barrels.
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