International Group pool will pick up Sanchi P&I tab Condensates not covered by CLC, Bardot confirms
US targets owners and ships in fresh North Korea sanctions package Trump says measures targeting more than 50 ships and maritime transport companies are the 'largest-ever' set of sanctions against North...
Augustea-Oceanbulk bid for Bottiglieri was 'invited and supported' by the banks Joint venture formed by Augustea Holdings and Oceanbulk Maritime to bid for Giuseppe Bottiglieri di Navigazione tells Lloyd's List it...
Is piracy in the Gulf of Guinea here to stay? Lack of international military force as an option means this is largely a national affair
Tanker targeted off Somali coast Dryad security analyst warns assailants may have been fishers protecting equipment
Record US crude exports offer tanker owners small respite LOOP aids 2m bpd exports from the US but tanker sentiment is shadowed by Opec cut and newbuildings
Sanchi disaster: Marine insurers will count the cost However, the final bill will not be known for some time, experts say
Maersk bets the farm on container transport logistics strategy Danish carrier wants to become a full-service transport operator, but will its vision pay off?
Is MSC set to be the big winner from Maersk's plan to become a global integrator? MSC could have the most to gain over the next few years from Maersk's grand plan to re-shape the future
J. Lauritzen sees challenging year ahead after $45m loss for 2017 Dry Bulk Tankers and Gas Finance
Onboard guards exchange gunfire with attackers during Nigeria piracy attempt More attacks should be expected while pirate group is still at large, warns security expert
Ocean freight rates stable on major east-west trades Spot prices flat as lunar new year holiday period begins, with Asia-Europe prices up slightly compared with 2017 and transpacific...
The Interview: Jan Dieleman Cargill shipping boss is a strong supporter of the new low-sulphur regulations, but he worries that soft penalties will lead...
Ferry explodes in Mexico injuring passengers Cause of the explosion is unclear
Indonesia postpones law to control who can ship coal The trade ministry has been given six months to a year to revise the regulation
DP World accuses Djibouti of illegally seizing Doraleh port Company says seizure of terminal 'is the culmination the government's campaign to force the DP World to renegotiate the terms...
DSME workers protest executive's 'insensitive' text after fatal accident Executive subsequently apologised for his actions
Containership demand growth enough to improve market fundamentals Overall demand growth however likely to be weaker than in 2017, says BIMCO
US set to impose fresh sanctions on North Korea Trump administration to unveil biggest set of sanctions against the rogue state to date, Reuters reports
Korea's shipping blockchain consortium gets more members The number of members has jumped to 38 from 15 last May
Shipping Corporation of India signs MoU with Petronet LNG Agreement aims to combine expertise of both companies to explore, build and develop LNG infrastructure near the Indian coast, SCI...
StealthGas adopts wait and see strategy in disposal of older tonnage Gas carrier firm in no rush to replace older ships after taking delivery of newbuildings over the past three years
PIL, PSA and IBM complete blockchain trial Proof of concept for the blockchain-based supply chain platform was tested between August to December last year
Tanker thwarts armed attack off Nigeria Pirates armed with AK-47s made seven efforts to board vessel and fired at it
Oil majors expect compliant marine fuels produced from residuals as post-2020 choice "It will not be a distillates' world," says ExxonMobil official
Analyst slams Aegean Marine for HEC buy Stifel analyst Ben Nolan calls Jonathan McIlroy-led bunker supplier's acquisition of Hellenic Environmental Centers 'indefensible' and 'cronyism'.
US warns against deceptive North Korean shipping tactics Federal agencies have sent out an advisory alerting the global shipping industry of the rogue nation's use of vessels to evade UN sanctions.
US blocking Wilh Wilhelmsen's Drew deal US is now the second front in Wilhelmsen's fight to consolidate marine chemicals market.
Three BP Shipping tankers set for sale Oil major said to be on verge of $36m sale of medium range vessels.
Crew rescued from Vietnamese cargoship Hoa Phuong vessel had got into difficulty off Ha Tinh province.
Krasnoye Sormovo appoints new boss Russian yard promotes Mikhail Pershin to acting director general.
Now profitable RBS continues to carry shipping provisions Royal Bank of Scotland took additional provisions on its rapidly shrinking shipping business during 2017, its annual report reveals. Berenberg buys $300m loans from Commerzbank A £168m ($235m) charge for the year was lower than the £394m carried in 2016, when the bank's shipping book was much larger. The bank's annual report, which announced the lender's first profit in 10 years, showed RBS sti
Oil from Sanchi hits Japan Coast guard says matter found on islands highly likely to be from sunken suezmax.
Clarksons Platou Securities tips VLCC newbuilding price rise Rising newbuilding prices are positive for the tanker market with the cost of a new VLCC set to climb further, Clarksons Platou Securities says. Sinokor locks away four VLCC newbuildings to GS Caltex Analyst Frode Morkedal says newbuildings are inching up across the board with the rise in crude tankers contrary to the weak freight market. "It's more a function of recent reductions to yard capac
Turkish warships 'threaten to sink drillship' Eni vessel at centre of row over Cypriot field.
Somali pirates shoot at Leopard tanker Suspected Somali pirates have exchanged fire with an armed security team onboard a Leopard Tankers ship in what is believed to be the first incident in the region this year. Shots were fired from pirates in three skiffs at the 50,000-dwt Leopard Sun (built 2013) last night 165 nautical miles from the Somalian town of Hobyo. A security team onboard the tanker, owned by the Vitol and Grindrod join
Eimskip pushes up profit in fourth quarter Icelandic container line also enjoys higher revenue.
J Lauritzen books a loss in 'year of transition' Danish owner has laid foundations for better performance but profit is out of reach in 2018, chief executive says.
Wisdom Marine continues bulker order push JMU is the latest Japanese yard to scoop newbuildings from Taiwanese owner.
Sovcomflot scrapping trio of aframax tankers Russian owner set to collect over $20m from demolition of millennial tankers.
Dof loses $108m in fourth quarter Norwegian owner hit by higher costs in final three months.
Indonesia postpones coal cabotage plan Foreign bulker owners breathe sigh of relief for now.
Subsea 7 and Schlumberger forming joint venture Norwegian owner and US giant in talks to build on 2015 subsea alliance.
Sealink cuts losses, but still remains in the red Malaysian offshore vessel shipbuilder and operator says market is improving despite loss.
SembCorp Marine set to remain independent Majority shareholder says it will continue to support company "through the cycle".
Thoresen offloads bulker for further trading Thai owner clears out older tonnage just days after bringing in more modern vessel
Djibouti government seizes container terminal DP World said the Djibouti government on Friday illegally seized control of its Doraleh Container Terminal. The Dubai-based terminal opera...
Trade community wants answers on impending alcohol excise tax cuts U.S. Customs and Border Protection (CBP) has yet to implement alcohol excise tax cuts mandated through recently enacted national tax reform...
Executive Moves: ITS Logistics and Port NOLA Third-party provider ITS Logistics has promoted Jamie Lawson to the role of chief financial officer. Lawson joined ITS Logistics in 2014 a...
IAG Cargo grows volumes, revenues in 2017 IAG Cargo, the airfreight division of International Airlines Group, saw its commercial revenues rise 8 percent to 1.08 billion euros (U.S. ...
UPS taps Workhorse for electric trucks UPS Inc. has placed an order with transport technology and equipment maker Workhorse Group Inc. for 50 plug-in electric delivery trucks. T...
U.S. adds shipping companies to North Korean sanctions The Treasury Department's Office of Foreign Assets Control (OFAC) on Friday added another 27 shipping companies, along with 28 vessels, to ...
Agility's earnings rise on higher revenues in 2017 Agility's net profits for the full year in 2017 jumped 16 percent to 68.5 million Kuwaiti dinars (U.S. $227.8 million) compared with the pr...
APHIS opens Vietnam field office The U.S. Department of Agriculture's (USDA) Animal and Plant Health Inspection Service (APHIS) has opened a new office in Hanoi, Vietnam, t...
DHL expands Brussels hub DHL Express has opened a new cargo processing facility at Brussels Airport, which will nearly quadruple its handling capacity to 42,000 shi...
US Treasury unveils new sanctions on North Korea trade The US Department of the Treasury unveiled sanctions Friday aimed at the illegal trade of petroleum products, coal, and other goods with North Korea.
Oil rebound gathers steam lifting ICE Brent above $67/b ICE April Brent rose 92 cents Friday to settle at $67.31/b Friday, as the oil complex has made a V-shaped recovery this month buoyed by tightening US crude stocks and stability in equity markets.
India vies for Saudi participation in its oil sector India has invited Saudi Arabia to participate in its Strategic Petroleum Reserve (SPR) program, Indian oil minister Dharmendra Pradhan said Friday during a visit by his Saudi counterpart Khalid al-Falih, according to a statement from the Indian petroleum ministry.
Libya's Elephant oil field shuts down due to protests Libya's 90,000 b/d Elephant oil field has been shut since early Friday due to protests by local tribes and guards, sources said.
No spot bunker availability at Durban amid unplanned Sapref maintenance Bunker fuel at Durban, South Africa, was tight Friday as the effects of local maintenance began to bite, with no 180 CST fuel oil available for spot sales at the port, market sources said.
FEATURE: Refiners tease plans for 2020 0.5% sulfur bunker fuels "It will not be a distillate world going forward, as some have said. There's still going to be a lot of residual fuel oil in what ships are using."
US' World Fuel Services bunker sales fall about 16% in 2017 US-based World Fuel Services' marine fuel sales for 2017 fell by about 16% year on year to 26.5 million mt, the company said late Thursday.
Taiwan's CPC limits bunker fuel supply at Hualien for pipeline repairs Taiwan's state-owned refiner CPC issued an alert late Friday saying it will only be able to supply bunker fuel at Hualien port by tank truck, and not by its pipeline, due to a potential pipeline leakage caused by the recent earthquake that hit Taiwan on February 6.
ExxonMobil plans to announce new 0.5% sulfur bunker fuels in late 2018 or early 2019 ExxonMobil plans to announce its new grades of 0.5% bunker fuels for use in 2020 after global marine fuel sulfur limits are cut, either late this year or early next year, the company said Thursday.
BP announces new 0.5% sulfur marine fuels for 2020 In a private meeting with shipowners in London Monday, the company demonstrated two fuels set to be available in Northwest Europe.
FUTURES: Crude fairly stable, market awaits fresh cues Crude oil prices failed to continue their bullish streak this morning, as the market had already reacted to it last night, Avtar Sandu, senior commodities manager at Phillip Futures, said.
Iraq wants to produce 2 million b/d of refined products by 2022 Iraq has signed an initial agreement with Kuwait's al-Afraj company to coordinate on projects, including a refinery in India.
TANKERS: Absence of seasonal freight spike hit Teekay bottom line The company wuld consider further sale and leasebacks for the company's fleet as the market remains weak.
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