Port Arthur LNG development hangs in balance after Woodside withdrawal US-based Sempra Energy says it is still fully committed to the project
Bangladeshi dockyard blast kills two Three more were left injured after a gas cylinder exploded
Wärtsilä smart technology optimism tempered by geopolitics Jaakko Eskola, president and chief executive of Wärtsilä, sees positive momentum in second-quarter numbers and there is optimism about the...
IMB urges 'extreme caution' in Philippine waters The IMB advises all vessels to take strict anti-piracy measures
Tanker market drags on Cosco Shipping Energy Transportation Results come as Stifel expects tanker rates to pick up in the remaining part of the year
London Club sets up Cyprus unit as Brexit backstop Concern over EU departure growing in Britain's maritime sector
US sinks Wilhelmsen's $400m acquisition of Drew Marine Norwegian group disagrees with FTC's assertion that merger would harm customers and says it will take a one-off hit from...
Scorpio Bulkers marks return to profit in second quarter Update: Company executives say strategy going forward will be on sale and leaseback deals
Carrier woes weigh on charter market The idle boxship pool has continued to rise as carriers scale back on capacity
UK Club redeems $100m hybrid bond Capital has grown substantially over last decade, insists marine mutual
HPH Trust posts lower first-half volumes and profit Terminal operator cautious over outlook for the rest of the year
HHI and SHI suffer as costs ramp up Results come as Korea Offshore & Shipbuilding Association warns that South Korea's yards are expected to have their worst annual...
Icelandic fishing company takes 25% stake in Eimskip Stake acquired from US investor
Crowley takes delivery of LNG-fuelled con-ro vessel Jones Act outfit partnering with ExxonMobil for cleaner bunkering
Inventory run-downs threaten transpacific box freight growth Reduction in demand and further tariffs will add more pain for box carriers dependent on transpacific volume growth
Fincantieri to build LNG ships for Princess Cruises The two next-generation 175,000-tonne cruiseships will be the largest vessels built so far in Italy, with deliveries scheduled in Monfalcone...
Sinotrans & CSC wins dispute over disposal of dry bulker operator CSC Phoenix State logistics and shipping conglomerate has won a suit against its private counterparty in an earlier equity disposal deal
Daily Briefing ExxonMobil sees role of LNG bunkering in multi-fuel future | Angelicoussis splits scrubber orders as fleet retrofit begins | UK...
Indonesian coal exporters baffled as insurance rule looms Domestic coal production might also decline from 2019 in line with the nation's development plan, reducing shipments
Meeting customer demand is key challenge, says SIPG president Yan calls the disposal of LBCT 'a big pity', although the setback will not deter SIPG from overseas investment
Electronic bills of lading can help prevent fraud or deception Carriers, exporters, importers and everyone else involved in international trade are solving the problems of fraud using new technology
Keppel snaps up new contract to convert LNG carrier to FSRU Singapore-based shipyard to complete project for mystery owner by year end.
US soybeans may head to South America Trade war may encourage American exporters to ship the commodity south rather than east, Scorpio Bulkers executive says.
Seaspan picks new chief executive Canadian containership owner snaps up ex-CEO of ASC for top job.
Wagenborg confirms ballast tank puncture on grounded MPP The environmental damage is minimal with no damage to machinery onboard, official tells TradeWinds.
Teekay Offshore names new CFO US-listed master limited partnership picks offshore energy veteran to head finance.
Hutchison Ports narrows earnings Singaporean company sees lower second-quarter profit amid lower revenue, higher expenses.
Cosco Shipping Energy sounds profit warning But annual meeting hears of counter-cyclical response, including seizing golden LNG growth opportunities
Scorpio Bulkers slips below second quarter forecasts New York-listed owner pays out fourth consecutive quarterly dividend.
Scrubbers set to split tanker market, says analyst Complex economics face owners with VLCC retrofits ranging from $4m to $8m and uncertainty over fuel price.
Samsung Heavy nets $370m trio New deal with US owner brings some cheer to shipbuilder after disappointing quarterly numbers.
GasLog sounds trade war concern for market recovery Paul Wogan says hostilities have yet to reach the level where investment would be deterred.
US ruling kills off Wilhelmsen's planned takeover of Drew Marine Norwegian group abandons acquisition and agrees $20m termination fee
UK P&I Club redeems hybrid bond The UK P&I Club has redeemed a $100m hybrid bond which was issued in 2008 in preparation for the EU Solvency II directive. UK Club launches search for safety innovations It explains the decision comes with the club having experienced a $300m improvement in capital during the past decade and holding free reserves of $540m at the close of its last full year in February. UK Club chairman Alan Oliv
Tanker market 'downright ugly' in 2018 Difficulties in crude and products will keep major players in the red, Stifel says.
Short-sellers target Maersk in record numbers Increasing tension between US and China contributing to trend.
Fincantieri boosts order haul with Princess newbuildings Global orderbook continues to spiral as more ships set to be LNG powered.
Samsung Heavy Industries slumps to a loss South Korean shipbuilder returns to the red in the second quarter.
MOL and China Cosco LNG carrier confirms new seasonal route An LNG carrier jointly owned by MOL and China Cosco has completed the first shipment from the Yamal project to China. The voyage is significant as the 172,600-cbm Vladimir Rusanov (built 2017) used the Northern Sea Route during the trip, opening up a new seasonal trade route. In a joint statement the shipowners said the vessel sailed from Sabetta Port to PetroChina LNG Jiangsu Terminal in 19 day
Hyundai Heavy Industries posts deep second quarter loss Shipbuilding giant sees loss run a long way beyond what analysts had projected.
Kim Heng adds two more anchor handlers Singapore offshore player takes units from the fleets of Emas and Swissco as part of its plan to gain better economies of scale in the offshore sector.
Next wave of crane deliveries in Virginia begins Norfolk International Terminals reported Monday that the heavy-load vessel Happy Buccaneer was at berth with the first group of six rail-mounted gantry cranes that are the centerpieces of the $375 million capacity-expansion project that is under way.
Applications filed to import controlled substances The Drug Enforcement Administration has received applications from five U.S. companies seeking to import controlled substances.
Leading Americas seeks duty exemption in Illinois Leading Americas Inc. has submitted a notification of proposed production activity to the Foreign-Trade Zones Board for its facility in Hampshire, Ill.
Bacardi serves FTZ Board with alcohol request Bacardi USA Inc. has submitted a notification of proposed production activity to the Foreign-Trade Zone Board for its facility in Jacksonville, Fla.
Wilhelmsen abandons Drew Marine acquisition Norway's Wilhelmsen has abandoned a plan acquisition of Drew Marine, a U.S. company that makes marine water treatment chemicals and services for ships.
U.S. freight market throttles back in June Growth in the North American freight market continued in June, but at a slower rate than in recent months, according to the latest Cass Freight Index Report.
Nonbinding resolution supporting ICE passes House Thirty-four Democrats and one Republican on Wednesday voted in opposition to a House resolution in support of Immigration and Customs Enforcement (ICE), as another 133 Democrats abstained from a "yes" or "no" vote by voting "present."
Container freight rate indices disagree again Two of the primary indices for measuring container freight rates are once again heading in the opposite direction after carriers significantly reduced capacity in the major east-west trade lanes.
Fewer ships declared total losses A review of shipping safety by the insurance company Allianz says while there was a slight uptick in shipping incidents - or "casualties" as they are termed in the industry - during the past year, there was a continuing downward trend in
Oil market parries Iran/US jawboning as cracks rally Early bullishness triggered by a war of words between Iran and the US evaporated by the end of Monday trading, as ICE September Brent settled near flat, down 1 cent at $73.06/b.
HSFO dominates summer interest in NWE; LSFO, LSSR slack: sources The Northwest European high sulfur fuel oil crack has paved the way for a strong fuel oil market this summer, reflected in the 3.5% FOB Rotterdam barge crack, while value for low sulfur fuel oil and straight run drag behind leading to a soft hi-lo and weak LSSR premiums.
Distillate arrivals into Europe in July from USGC remain at 1.7 mil mt But arbitrage shut for H2 July.
ISO working with oil, engine associations on handling of IMO-compliant 0.5% bunker fuel It added that the current ISO 8217: 2017 standard is applicable to 2020's 0.5% sulfur fuel.
Virgin Voyages inks agreement with Wartsila for scrubbers, other marine solutions Three Virgin Voyages vessels will be equipped with Wartsila's hybrid scrubber system.
US-based WeissLaw joins claims investigation against Aegean Marine A class action lawsuit has been filed on behalf of all persons or entities that purchased shares of the company between April 28, 2016 and June 4, 2018, it said.
FUTURES: Crude trades lower during Asian trading session "Prices are consolidating at the moment in the Asian market post the swings last week," an analyst at Phillip Futures, said.
Iran's Khamenei supports blocking Mideast oil exports if its crude sales are stopped If oil from Iran is not be exported, oil of no country in the region will be exported,Khamenei said Saturday in a speech.
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