US steps in to back experience-building phase after 2020 Data-gathering proposal by the biggest flag states and shipping associations handed huge boost as US throws its weight behind an...
Scorpio Bulkers trims losses as rates increase The company posted $5.3m in adjusted net losses in 2018, compared with $40.5m in the first nine months of 2017
UK's coastguard agency raises fees The fee increases that take effect on November 13 mark the first rise in such prices to have taken place...
Noble Group files recognition proceeding in US Investors voted to 'back the business and management team with significant new capital' in September
IMO agrees greenhouse gas strategy to 2023 The IMO has approved a programme to develop GHG reduction measures until 2023 under a three-pronged approach
UK maritime leaders join trade delegation to US UK businesses expected to attend the event include shipowners, law firms, port operators and manufacturers
Pressure on lines for Asia-Europe prices to fall Drewry's World Container Index climbed last week, but gains were mostly made on transpacific lanes
ENN orders LNG bunkers ship at Dalian Shipbuilding Deal comes two months after government in Beijing made a proposal to promote the use of liquefied natural gas as...
J. Lauritzen hires new head for dry bulk unit Niels Josefsen, who joins from Torvald Klaveness, will start his new role on December 1
Blue Ocean Maritime delays London listing Shipping fund had been targeting $250m through the issuance of 250m shares
IMO needs to prove it can be trusted over 2020, says Lim IMO secretary-general Kitack Lim acknowledges sulphur cap safety concerns but warns the challenge is consistent implementation of the rules
Tariffs on soyabeans reconfigure the dry bulk shipping map Since China put a 25% import tariff into effect on US soyabeans in July, there have been sweeping changes in...
US supply chain company acquires INTTRA Deal to take over online freight booker will give INTTRA's carrier and freight forwarder customers visibility of supply chain requirements
Transpacific rates driven by capacity cuts rather than demand Little evidence of cargo front-loading on transpacific ahead of tariff rises, but fourth quarter could still give room for growth
Coatings weigh heavier on contracts Shipowners need to question shipbuilders' choice of vessel coatings because builders will almost always pick the cheapest product that claims...
Daily Briefing IMO agrees emissions measures, but balks at 2023 target | Key questions for MEPC 73 | Cargill aims to charter...
AVIC ponders disposal of shipping-related business Company's trading and logistics business, which includes ship and mechatronics engineering operation, posted a segment loss of Yuan472.7m in the...
Sembcorp Marine wins $166m FPSO contract from Teekay The project is scheduled to be completed by July 2020
Bulkers without scrubbers 'will become uncompetitive' A two-tier market will reward early adopters with higher time charter rates and asset values as cost of low sulphur...
Abu Dhabi Ports partners MSC for blockchain pilot project The system was developed internally, compared to others who have pulled in major IT partners
Seattle and Tacoma see progress on federal funding for dredging projects The bill authorises the design and construction to deepen Seattle's East and West Waterways, $29m in matching federal funds to...
Scorpio Bulkers narrows losses New York-listed bulker player sees higher revenue but misses Wall Street consensus amid $2m write-off in financing costs.
Talk of $200,000 per day charter sweeps LNG market Brokers say huge rate agreed on a vessel as tonnage pool evaporates.
Inttra signs out with sale to E2open Online bookings system developed by container lines is sold to larger supply chain network software provider.
No anchor-handlers working in Norway Rates set to drop with North Sea fleet awaiting work as rig-move activity plummets.
Sailors' Society honours pastor Chacko's life with vow to 'pursue his vision' The Sailors' Society's 200th anniversary celebrations continued with the annual ING wine-tasting evening, during which tributes were paid to pastor Joseph Chacko and his wife, Leena, who both died in a road accident earlier this year. Joseph was the society's regional superintendent for India and his vision - during his lifetime - was to see a seafarers' centre in every port. Sailors' Society ch
Share buyout puts control of NorthCape in staff hands External investor sell-up emerges as finance house unveils profitable annual numbers
11 missing after cargoship sinks Search on off China's Liaoning province following loss of sand carrier.
Owners' body calls for merger of HMM and SM Line KSA vice chairman wants Korean lines to combine to compete with European rivals.
JP Morgan sells newbuilding duo in asset play deal JP Morgan is said to have made a profitable asset play in the sale of two capesize bulker newbuildings to ArcelorMittal, the world's largest steel producer. US brokers said the bank has sold the 180,000-dwt Hull No 1460 and Hull No 1461 for nearly $49.3m each. JP Morgan lowers capesize recovery expectations The ships are set for delivery in 2019 and have already been named True Valor and True V
Latsis orders VLGC duo at Hyundai Heavy Industries Greek shipowner books first newbuildings in four years.
First Ichthys LNG cargo loaded and ready to roll Inpex's delayed new Australian project finally starts up
Atlantic Bulk tops up ultramax fleet Greek owner tied to purchase of modern Japanese-controlled ship.
Judge rejects D'Amico claim that Nikka stalled lawsuit Update: A federal judge denies Italian shipowner's ongoing request to order Primera affiliate to prove ownership of a bulker in a long-standing forward freight agreement lawsuit.
Mamancochet wins payout before sanctions window slams shut UK court speeds up ruling in steel cargo theft row with insurer Aegis ahead of Trump's November deadline on Iranian deals.
Marinakis linked to secondhand aframax purchase Greek tycoon said to have added to his fleet in deal which reflects firming tanker values.
UK's MCA increases fees for first time in more than 10 years Coast guard agency says hike will allow for extra investment in services.
Schulte denies tanker crew arrested after 'Gucci' cocaine found Venezuelan authorities hold Jose Progress as probe continues into drugs find.
Torvald Klaveness dry bulk boss joins J Lauritzen Niels Josefsen comes in as chief executive of Lauritzen Bulkers.
German lenders finance new Hapag cruiseship KfW and Commerzbank funding third expedition vessel at Vard.
Greek golf weekend defies bad weather Cyclone Zorbas could not dampen the competitive spirit as nearly 200 shipping executives arrived in Greece for the Greek Maritime Golf weekend in the south-western Peloponnese. Thomas Miller's 'Play for Pink' proves another success Baltic gets tipsy on Lloyd's bank account as golf match proves hit On the Saturday, gales battered the Costa Navarino resort, where the annual event was taking place
VLGC boost from Marcus Hook faces more delays Energy Transfer reportedly expects to fully complete the construction of the Mariner East 2 system only in 2020.
Wilson says premiums unlikely to rise despite mounting pressure London-based broker Wilson Europe predicts members of the International Group of Protection & Indemnity Clubs will choose to freeze premiums for next year, but it says pressure is mounting for change. Wilson Europe cautions over P&I clubs' Lloyd's exposure Setting out its forecasts in a report, the P&I broker says overall the group's underwriting performance in the past year has been poor, maske
Aframax market catches fire as winter warming arrives Caribbean cargoes driving upturn with rates well above 2018 averages.
NOC denies tanker terminal protest Libyan oil company says no demonstrations at Hariga despite claims from Obeidi tribe.
Bourbon bags Portuguese wind farm deal French owner to install three turbines off Viana do Castelo.
SK scales back VLCC and VLGC scrubber plans South Korean owner to instal EGCS on 18 tankers and LPGCs.
Noble Group files Chapter 15 papers as it seeks restructuring Debt for equity swap and $800m in new financing form part of plan.
Oldendorff ship bashes Japanese bridge Water cut off as Erna Oldendorff hits crossing and pipeline near Yanai City.
NYK's Ninja to detect potential engine problems New software to provide early warnings from combustion chambers.
Golden Ocean capesize fights off pirate attack Security team exchanges fire in sustained battle with gunmen in skiff off Somalia.
BW Group seals long-term charters for two LNG newbuilds Pavilion Energy will double its LNG carrying capacity with deal for two MEGI vessels.
Dalian Shipbuilding books LNG bunker tanker newbuilding Vessel will be deployed at Zhoushan International LNG terminal following delivery in mid-2020.
AVIC confirms talks underway over future of yards Singapore-listed arm says discussions are on-going, but that no definitive agreements has been made.
FUTURES 5: WTI settles in widest contango since September 2017 An afternoon increase in oil prices failed to erode the contango structure in US crude futures, and prompt-month NYMEX WTI settled at the widest discount to second-month levels since September 2017
Guyana could rub shoulders with oil producing elite Guyana is seen as the hottest spot for oil explorers, raising the question as to whether this optimism is based in reality
Drilling slowdown likely in final six weeks of the year, but 2019 looks bright: Halliburton CEO Upstream operators could wind up the year's activity programs earlier than usual as they prepare for more activity next year
European bunker market tightens, supply constraints may linger Tight product availability -- particularly for RMG 380 CST bunker fuel -- plagued the Northwest European bunker market last week as tightness from the high sulfur fuel oil market spilled into the bunker market
Belgian Oilchart International offers clarification on industrial waste scandal Belgian bunker seller Oilchart has published a clarification on its position regarding a judicial investigation amid reports in the Belgian media that the company was linked to sales of industrial waste from Curacao as bunker fuel in Europe
IMO must advance heavy fuel oil ban in Arctic shipping: Clean Arctic Alliance Discussions regarding impact assessments at MEPC 73 must support progression towards the ban, Prior said.
Taiwan's CPC to suspend marine fuel oil supply at Taichung An unexpected fuel oil pipeline maintenance has resulted in the suspension of supplies.
Hong Kong LSMGO hits new high ahead of Pearl River Delta's sulfur cap in Jan "Sinopec's spot offer is high, that's why prices didn't come down," a supplier said.
FUTURES: Oil stable amid mild build in US rig data; supply concerns "We feel that the market is taking the supply risks too lightly at present and expect oil prices to rise in the coming weeks," Commerzbank analysts said.
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