CMA CGM and MSC announce surcharge policy changes ahead of 2020 sulphur cap CMA CGM will review its sales policy on fuel surcharges, while MSC will introduce a new surcharge in 2019
Yards in US and Turkey could be added to EU recycling list The commission has launched a public consultation as NGOs claim that the current EU-only list has sufficient capacity to recycle...
Tanker Solutions refinances 12 product tankers Credit facility for $93.7m continues lending relationship between CIT and the LR1 joint venture between Clearlake and Greece's Prime Marine
Vinalines to build container terminals in north Vietnam The new container terminals will cost around $299m and will be located at the port of Lach Huyen
Shippers condemn Maersk's sulphur surcharge Shippers would prefer box lines used scrubbers rather than be charged indefinitely for higher fuel costs after low-sulphur rules take...
Bright Navigation buys Noble Group capesize The Greek owner buys its second capesize in less than a month and its third this year
Asset value is our primary focus, says Minsheng Leasing shipping head Some Chinese leasing firms are going even further on value exploration by ordering dry bulkers on their own
Labour says no deal Brexit would be 'disaster for UK ports' Gridlock on the waterfront unless government secures terms with EU prior to departure, Labour spokesperson maintains
Greek shipowners back 'experience-building phase' for sulphur cap Union of Greek Shipowners says no backsliding on IMO dates but emphasises that bunker supply chain's responsibilities should not be...
Ardmore Shipping to equip 18 vessels with Optimarin ballast water systems Irish tanker operator to buy 36 systems from Norwegian supplier Optimarin for undisclosed consideration, with some headed for retrofit
Klaveness flags up Oslo listing for unit after $45m placement Part of the proceeds to be used to equity finance one newbuilding plus one option from Chinese yard Jiangsu New...
Tanzania ferry death toll rises to 224 The vessel's managers were detained after a preliminary investigation report claimed the vessel had more people than it should on...
More cuts required on Asia-Europe box trade Weak utilisation driven by overcapacity means Asia-Europe trade lane needs further capacity cuts if freight rates are to rise again
China accuses US of trade bullying Beijing says it is willing to restart trade negotiations with Washington if the talks are 'based on mutual respect and...
Daily Briefing Monjasa confident in 2020 global fuel availability | China denies plan to ban open loop scrubbers | The Lloyd's List...
BW Group chief executive Carsten Mortensen steps down Carsten Mortensen steps down citing personal reasons after leading the tanker and gas group for three years
Court extends injunction against Djibouti in DP World dispute The move comes after the president of Djibouti passed a decree on September 9 to transfer the majority shareholding in...
Ship Finance authorises 50 million more shares John Fredriksen's diversified owner brings number of authorised shares to 200 million, according to a regulatory filing.
Opec predicts up to 5,000 scrubber installations by end-2023 Oil group still expects the devices to be on 23,000 ships by 2040.
MSC latest shipowner to add fuel surcharge Industry giant joins Maersk, CMA CGM in passing IMO 2020 costs to customers.
T&E: "Enough ship recycling capacity in EU" Green group says owners should not be sending vessels to low-cost overseas breakers.
Axis Bulk boosts fleet with third Nisshin panamax buy Greek owner shows preference for Jinhai Intelligent Manufacturing sisterships
CMA CGM follows Maersk with 2020 fuel surcharge French line to pass on costs of low-sulphur rules; opts for limited scrubber use.
Havila order triggers $123m Havyard payment Norwegian yard designing vessels for Per Saevik's new venture.
Shipping cycle remains on recovery curve Clarksons Platou Securities weighs up trade war, newbuilding price promise and absorbing oversupply.
Maersk Line vessel arrested in Tunisia Owner says ship held over various claims cases it is looking into.
Grounded cargoship battered by waves off Norway Four men from veteran Osfjord airlifted off Afjord area.
Novatek ships first Yamal LNG to Brazil Russian producer transports gas to Petrobras' Bahia terminal.
BW Dry Cargo adds to capesize exposure Purchase follows first steps into the sector at this stage a year ago.
Fearnley Securities tips product tankers for next super-cycle Analysts place buy rating on the market with enlarged Hafnia set to shine.
Vroon PSV completes emissions mission Pool Express helped assess greenhouse gas and methane levels in North Sea.
Amazon's Jeff Bezos linked to Stena ro-ro buy Tycoon's Blue Origin said to have bought vessel to ship space rocket parts.
Klaveness raises $45m to declare combi option Norwegian owner's private placement comes in at the bottom of its potential target range.
Iran warns OPEC not to appease US Petroleum minister says veto will be used if cartel tries to harm national interests.
Heavy-hearted Mortensen left with one choice after wonderful ride at BW Danish shipping executive opens up on the reasons for his departure from BW Group, his relationship with Andreas Sohmen-Pao and his future plans.
Ardmore reveals BWTS problems after new order Owner says "commonplace" operational issues have affected series of newbuildings.
Carsten Mortensen quits as BW Group chief executive Danish executive parts company with Singapore headquartered group.
CEO Holger Nielsen quits Samskip New management structure in place after long-serving boss looks for new opportunity.
Capital Ship Management linked to aframax order Marinakis company reportedly signs for tanker double at Daehan.
EAS lines up vital order for four boxships Maersk's Alianca one of two companies signing letters of intent.
Bulkers most affected by US-China trade war Latest tariffs mean the equivalent of 1.5% of global seaborne trade is impacted, says Clarksons
Argus to launch IMO 2020 LSFO price assessments Pricing agency says product designed to capture growing liquidity in Singapore-delivered bunker market.
Paxocean sells jack-up rig newbuilding to Noble Robert Kuok-backed shipyard group to provide around two thirds of financing for offshore unit.
Supply concerns push oil settles higher The oil complex settled higher Monday as the market digested supply concerns in the wake of a meeting between key OPEC leaders and their allies Sunday
Oil could top $100/b as market risks intensify: traders Crude prices could rise above $100/b as market uncertainties stack up including sanctions on Iran, Venezuelan production concerns, tighter crude inventories and Saudi spare capacity
Pirates kidnap 12 dry-bulk crew members in Gulf of Guinea Pirates boarded the MV Glarus off the coast of Nigeria and kidnapped 12 of the 19 crew members on Saturday
Iranian oil exports could halve due to US sanctions: Trafigura Iran's crude oil exports could drop as low as 1 million-1.3 million b/d after US sanctions take effect on November 5
Lower Aug Russia fuel oil exports support NWE backwardation
IMO 2020 to cause one-off oil demand surge before market adjusts: OPEC
IBIA sees most shipowners complying with IMO 2020 sulfur cap The majority of shipowners can be expected to comply with the International Maritime Organization's tighter marine fuel sulfur limits in 2020
Shanghai, Hong Kong, Singapore LSMGO prices edge higher on tight supply The price for low sulfur marine gasoil at Asian ports edged higher in recent weeks as supply tightened amid keen demand in recent weeks
FUTURES: Brent crosses $80/b as US-Venezuela tensions intensify
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
