Getting Closer to the Customer There is growing interest and investment in Port Tampa Bay, the port closest to Florida's fastest growing region.
Hafnia Tankers-BW Tankers merger pushed for mid-Janauary 2019 Hafnia shareholders have to approve a merger plan that would give them common shares of par value $0.01 for each...
Paris MOU will not rule immediately on exemptions to data restrictions The port state control authority confirms that restrictions to bulk data beginning in 2019 include IACS
Höegh LNG wins contract for Australia FSRU The likely vessel for the contract is the recently-built Höegh Giant
Congestion builds at US west coast ports Pacific Merchant Shipping Association has reported recent dwell times at Los Angeles-Long Beach of up to 3.5 days compared with ...
Greek owner loses 'Alkyon' security appeal UK appeal court upholds NatWest Markets arrest of bulker in Falmouth and denies owner's claim for cross-security from bank for...
Maersk Line seeks to avoid transpacific rate slump Avoiding contracting mistakes of 2018-19 uppermost in the minds of many liner executives, says Pedersen
Vessels face 'early warning system' ahead of IMO 2020 deadline Paris and Tokyo MOUs will identify vessels that appear not to be on track to comply with the 0.5% sulphur...
Advantage Tankers signs deal for ballast water treatment retrofits The order has a value of approximately $10.6m
Court sets Prestige compensation bill at $1.9bn Ruling in effect sends the bill to the tanker's master and its insurers
Pacific Radiance close to receiving investment lifeline OSV company earlier signed non-binding term sheets for up to $85m in equity injections, but those investors have either backed...
The Lloyd's List Podcast: Top 100 People Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
Daily Briefing Exclusive interview with Christine Mavromichalis | Box shipping faces turbulent start to new year | Greeks lead the league in...
K Line names chief executive Murakami as new chairman The new management will build on the foundations of K Line's three-year medium-term management plan as the Japanese company celebrates...
Exxon and Shell cast shadow over Canada's LNG export hopes ExxonMobil gave no reason for its withdrawal, while Shell argues against continuing restrictive government policies on steel imports
The Interview Christine Mavromichalis Christine Mavromichalis, vice-president commercial at NAAS Group and Wista member, describes how more attention needs to be placed on disrupting...
Woodside and RWE sign two-year LNG supply deal Latest contract marks growing business relationship between Woodside and RWE
Monjasa hopes to shake up Red Sea market with new Djibouti bunker operation Monjasa expects a 200,000 tonne increase from its Djibouti supply location
Bacardi takes MSC to court over spilled vodka Baracrdi is taking MSC to court, accusing the shipping giant of committing a major party foul. In lawsuit filed in New York federal court Wednesday, the US arm of the liquor company alleged a shipment of 480 cases of Grey Goose vodka arrived in Long Beach last winter "in a short, slack and damaged condition." Bacardi said it suffered $15,000 in damages and is seeking the arrest of the 109,495-dw
Navios Maritime extends meeting to OK reverse split Navios Maritime Holdings is still looking for approval for its proposed reverse stock split. Navios Maritime Holdings looks for reverse stock split The company said Friday afternoon the 1-for-10 split has approval from more than 49% outstanding shares. But the move - designed to get the Angeliki Frangou-led bulker owner back over $1 and thus in compliance with New York Stock Exchange rules - nee
Seahorse overturns Nautilus claim for Toisa OSV lay-offs UK appeal court rules that crew agency did not have to consult with union over staff redundancies.
Krasnoye in talks over order for 11 cargoships Russian shipbuilder expects to sign deal in first quarter of 2019.
London Club 'disappointed' by Prestige pay-out ruling UK P&I operation clings to domestic ruling that compensation is subject to lower CLC limit.
Atlantska Plovidba sees profit slump Croatian bulker owner hit by lower revenue in first nine months.
Fjord1 and Schlepp Kiel order ferries European ferry owners Fjord1 and Schlepp Kiel have been linked to new orders. Brokers said Saevik family-backed Fjord1 has contracted a 753-passenger ship at Brodrene Aa in Norway. The vessel will be delivered in July 2019. Meanwhile, Schlepp Kiel has ordered a 500-pax ferry at Holland Shipyards for hand-over in May 2020. No prices have been revealed.
Rescuers battle to save cargoship from sinking Iranian vessel reported to have suffered breach in Caspian Sea.
Advantage Tankers fitting ballast systems to 16 ships Turkey's Advantage Tankers & Advantage Products has signed a fleet agreement with Alfa Laval for retrofitting of ballast water treatment systems. The company will buy 33 kits for 16 tankers. "After an in-depth evaluation of the solutions on the market, we concluded that Alfa Laval and PureBallast 3 are the ideal solution for our fleet," said Aydin Aydin, energy manager at Advantage Tankers & Adv
Paris and Tokyo MOUs start warning crews about IMO 2020 The Tokyo and Paris MOU port state organisations will start warning ship crews next month about the pending IMO 2020 low-sulphur fuel rules. They will start issuing a letter of warning from 1 January on the sulphur content of bunkers during inspections "in order to increase awareness of and to encourage timely compliance with the new requirements," the bodies said. The letters will be handed t
Shipping highlights of 2018: Tanker deals, new names and a major dash for gas Relive some of your favourite moments of an eventful year in the global shipping industry.
USOT wins landmark ruling in OW Bunker spat with Hapag-Lloyd Trial will decide whether OW subcontractor can go after owner's vessels.
Skov set to lead merged BW and Hafnia Tankers Deal will forge $2bn company and Mikael Skov will stay on as chief executive.
Fred Olsen Energy becomes Dolphin Drilling Norway's Fred Olsen Energy has changed its name to Dolphin Drilling. Shareholders at an extraordinary general meeting voted for the move on Thursday, the drilling company said. Its shares will be quoted in Oslo with the new ticker DDASA from 27 December.
Lockton buys stake in Omni Sigorta US broker will own half of Turkish P&I outfit.
MPCC launches bid to buy back 10% of shares Oslo-listed MPC Container Ships (MPCC) is seeking permission from investors to buy back 10% of its shares. The expanding feedership company said shareholders will vote on the plan on 17 January. It wants to repurchase 8.4m shares. These would be worth NOK 275m ($32m) at Friday's price of NOK 32.80. MPCC will pay not less than NOK 10 and no more than NOK 200 for each share.
Bimco: smaller bulkers living longer Owners' organisation Bimco has revealed only two panamax bulkers were sent for scrap in 2018. Chief shipping analyst Peter Sand said smaller ships are living longer, with recycling activity slow this year. Only 4.2m dwt of all types of dry cargo vessels had reached shipbreakers as of 17 December, down 71.6% compared to 2017. "An almost total halt in panamax demolitions has been an important fac
Myochin is new K Line CEO as Murakami moves upstairs Japanese shipowning giant K Line will have a new CEO next year as it "rejuvenates" its management for its 100th anniversary. The company said president and CEO Eizo Murakami will become chairman from 1 April, replacing Jiro Asakura, who will remain on the board. The new CEO is Yukikazu Myochin, 57. He has been senior managing executive officer since April. K Line posts $217m loss in first six
Subsea 7 lands BP deal worth up to $150m Norwegian OSV owner Subsea 7 has clinched a subsea deal with BP worth between $50m and $150m. It said the SURF (subsea umbilicals, risers and flowlines) contract for the Manuel project in the US Gulf of Mexico will be carried out by its Subsea Integration Alliance. This is a partnership between Subsea 7 and OneSubsea Schlumberger. The work comprises a two-well development tie-back to the Na Kik
Chandris (Hellas) joins CTM supramax pool C Transport Maritime (CTM) has welcomed Greek owner Chandris (Hellas) into its supramax revenue-sharing agreement (RSA). Monaco-based CTM, led by John Michael Radziwill, said the 57,000-dwt Serene Jessica (built 2011) is the first Chandris vessel to join the RSA fleet. The Greek owner was founded in 1911 by John Chandris and manages a fleet of 34 ships, including tankers. The total capacity is
Cosco executive jumps to his death from hotel window A Cosco executive has jumped to his death from a hotel window in Taiwan. Police cited by the CNA news agency said Jia Libin died on Friday morning in Taipei after falling from his room on the fifteenth floor of the Sunworld Dynasty Hotel. He was the managing director of a Cosco Shipping Energy Transportation (CSET) subsidiary. Jia, 39, had no pulse, was not breathing and appeared to have sustai
Hoegh LNG wins second Australian FSRU contract Norwegian regasification specialist puts pen to paper on 10-year charter with AGL Energy.
Fugro bond sell-off prompts debt repayment fears ABN AMRO says company may have to revert to an equity raise to restore financial health.
RWE signs mid-term LNG supply deal with Woodside German trader says deal marks another key building block in development of its LNG portfolio.
Idan Ofer taps 'green loan' market to finance scrubbers Unspecified number of exhaust gas cleaning systems will be installed Quantum Pacific tonnage.
Concerns aired over West Coast container dwell time Agricultural exporters concerned about shift to U.S. East and Gulf Coast ports.
Grassley marks USMCA for quick enactment The incoming Senate Finance Committee chairman also expects agriculture to be included in U.S.-EU trade negotiations.
Ports America inks New Orleans terminal deal The largest U.S. terminal operator and stevedore gets 50-year lease for terminals at the Port of New Orleans and will invest $66.5 million in infrastructure and equipment.
GlobalTranz eyeing several acquisition targets The rapidly expanding 3PL solutions provider plans to close on a deal in January.
Executive Moves: Bays, ports and brokers
Missouri firm fined for Belarus sanctions violations
Reeling Venezuela could sack oil minister, PDVSA CEO in cabinet shuffle Oil minister and PDVSA CEO Manuel Quevedo may be on the outs as President Nicolas Maduro is preparing a cabinet shuffle that could put a new ally in charge of the countrys lifeblood industry.
OPEC's supply accord commits its 11 participating members to 3% oil cuts: document OPEC and its allies have formalized their production quotas under their new supply deal.
ARA fuel oil stocks hit 5-month high on quiet fixtures list: PJK Fuel oil stocks at the Amsterdam-Rotterdam-Antwerp hub jumped 10% or 132,000 mt in the seven days to Wednesday, hitting a five-month high of 1,437,000 mt.
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FUTURES 1: Crude jumps on Saudi's pledge to lower oil production
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