Concordia adds tanker charters to strengthen position Stockholm-based company says charters strengthen its position because it believes there will be a 'progressively stronger market' from the autumn
Ransomware: Yes, you're at risk too Time for action, not 'guidelines' or 'encouragement'
Pavimar buys second Toisa kamsarmax Ismini Panayotides-led Pavimar brings fleet to 14 bulkers with Trade Prosperity acquisition
NYK agrees BWM retrofit order with Sunrui for 89 ships Chinese manufacturer claims it is the single biggest ballast water management system order ever made
US to introduce new rules on service agreements FMC will allow negotiated rate arrangements to be easier and more attractive to use
Deutsche Bank makes further progress on 'derisking' shipping portfolio Dry bulk and container markets saw some improvement in the second quarter, but the tanker market 'continues to be under...
Shipowners rally around Greece wildfire victims Industry expresses grief for the toll of this week's blazes as numerous vessels aid those fleeing the flames in coastal...
Eagle Bulk confirms ultramax deal The 2014-built SDARI-64 type vessel is due to be delivered during the fourth quarter
NYK revises down forecasts ONE start-up costs wipe out operating profit at parent company
Frontline launches equity offering to fund scrubber installations The tanker owner is partnering up with Morgan Stanley for the ATM offering of $100m common shares
Zim agreement with 2M will bring better service, says Glickman Zim chief executive Eli Glickman says strategic partnership with 2M alliance will allow for more port pairs and better schedule...
Mombasa cruiseship terminal completion delayed by a year The port of Mombasa has received six cruise vessels between October 2017 and March 2018
Shipping efficiency has three complementary elements, briefing concludes The introduction of new technology to shipping has had an impact on maritime regulation and on manpower such that they...
K Line dispute with APL Logistics reaches settlement K Line filed a lawsuit against APLL at the Tokyo District Court in December 2016
China to gain marine diesel demand at expense of Singapore Wood Mackenzie estimates a 100,000 bpd switch from high sulphur fuel oil to marine diesel on inland waterways
Costamare second-quarter profit beats expectations Greece-based boxship owner unveils financing for two recent acquisitions as well as a slew of new charters
Daily Briefing IMO report turns spotlight on crew fatigue | Product tankers find strength in Pacific but stay listless in Atlantic |...
Cosco Shipping targeted in ransomware attack The company has requested a computer inspection in China with anti-malware software and asked its staff not to open 'suspicious'...
Scorpio Tankers buys 55 ballast water systems from Ecochlor Installations are scheduled for between the fourth quarter of this year and the end of 2022
Safe Bulkers reveals profit, sale-leaseback, debt refinancing Listed Hajioannou company enjoys robust income growth in Q2 but sees costs rise due to drydockings.
High winds play role in Yang Ming box loss Taiwanese container line's 4,250-teu YM Efficiency (built 2009) lost 83 boxes amid winds of almost 50 knots, according to initial report.
Cosco unit to sell $340m in asset-backed notes Cosco Shipping Development will use the proceeds for business development and repayment of Cosco Shipping Leasing loans.
Cosco's Long Beach terminal hit by cyber-attack Ransomware attack has not affected the Chinese shipping company's operations at the California's Port of Long Beach, port spokesman says.
Pavimar buys second bulker from Toisa fleet Ismini Panayiotides-led bulker company notches up 14th ship in Clarksons-run sell-off
First Ship Lease concludes syndicated loan refinancing Singapore-listed tanker and boxship owner pulls High Court meeting and discharges moratoria
Concordia Maritime adds to suezmax presence Stena-linked owner inks a 12 months contract for crude tanker number four.
Cyprus restates $7.5m fine on Ioannis Vardinoyiannis Greek ferry executive fined again over stock transaction 11 years ago
Castleton locks in Eletson aframax for 12 months Connecticut trader Castelton Commodities International has chartered an Eletson-owned aframax tanker for a year. Brokers said the company has booked the 109,000-dwt Kastelorizo (built 2018) for a rate believed to be $15,500 per day. TradeWinds has requested confirmation from both companies. The rate that Casetleton is reportedly paying is somewhat higher than that a one-year aframax charter i
Koch picks up K-Line VLCC for three years K-Line has scored a three-year charter with Koch Industries for a freshly built VLCC. Alafouzos reveals 2020 vision as driver of first public listing John Fredriksen's Frontline goes scrubber shopping The Japanese shipping giant fixed out its 313,000-dwt Tonegawa (built 2018) to the US trader at a rate that is believed to be $30,000 per day, brokers said. TradeWinds has requested comment from
Eagle Bulk Shipping given a lift by Maxim Group Gary Vogel-led bulker owner's shares upgraded to buy amid anticipated ongoing improvement.
Marinakis pledges support to Greek wildfire victims Greek shipowner and football club owner Evangelos Marinakis has dipped into his pocked to aid victims of wildfires in Greece. Marinakis has combined with Olympiacos FC to donate EUR 1m to help relive those impacted by the disaster. Marinakis helps Greek town hit by flash floods Greek ferry crews hailed as heroes Bank accounts have also been established for those wishing to donate to the cause,
Seadrill back on Oslo Bors in double quick time John Fredriksen's Seadrill will not be missing from the Oslo stocks pages for long. Seadrill emerges from chapter 11 Seadrill was technically delisted in Oslo a few days ago following its Chapter 11 restructuring efforts. However, new shares in the offshore driller will be traded on the Oslo Stock Exchange from tomorrow. Fredriksen and partner Centrebridge provided fresh capital as part of t
Foremost Maritime back at Oshima for bulker brace Latest order extends relationship between Chao family company and Japanese shipbuilder.
Houthi militia target Saudi oil tanker Attack in Red Sea follows earlier missile assault on Bahri VLCC
Hansson sets sights on top suezmax spot after scrap sales Shipowner is almost $80m up after demolition deals and now wants to grow again.
NYK issues profit warning Cost of liner business reshuffle and trouble at air cargo wing hit forecasts.
K Line settles Tokyo lawsuit against APL Logistics APLL and parent Kinetsu acknowledge talk of bankruptcy threat "erroneous"
CM Lemos and Zodiac Maritime in talks over $66m VLCC deal Greek owner could exit sector with sale of brace to Eyal Ofer-led company.
DP World to build and operate Mali logistics hub Work starts next year on project to smooth import and export of goods via Port of Dakar.
SolstadFarstad boss toasts stronger oil price Norwegian offshore owner posts more contracts for construction support vessels
Eimskip focuses on North Atlantic trade growth Company will benefit from shareholder Samherji's logistic experience in the North Atlantic, chief executive tells TradeWinds.
Fredriksen's Frontline turns to $100m ATM Morgan Stanley hired to lead potential capital raises to back growth and scrubber project.
Greek ferry crews hailed as heroes Rafina-based ferries helped rescue fire victims from the sea as the areas surrounding their home port went up in flames
Waruna Nusa Sentana begins scrapping tankers Indonesian owner sends two elderly products tankers to the breakers with more expected in the future.
Sales talk surrounds Cara Shipping capesize quartet Shipbrokers speculate over sale of four bulkers to South Korean shipowner.
Nam Cheong stung by writedowns Hits on plant and equipment values push Singapore-listed offshore shipbuilder and operator deeper into the red as its future becomes increasingly dependent of its ongoing restructuring efforts.
Georgia, South Carolina chassis pool gets FMC OK The South Carolina Ports Authority and Georgia Ports Authority will be able to establish a common chassis pool for customers throughout the Southeast as the result of the Federal Maritime Commission deciding on Wednesday to take no action to prevent the Southern States Chassis Pool Agreement from becoming effective.
Alabama doctor pleads guilty in driver exam scam An Alabama chiropractor has pleaded guilty to submitting falsified commercial driver's license medical examinations to the Federal Motor Carrier Safety Administration.
Sea Machines quadruples headcount in 18 months Sea Machines Robotics, a Boston-based developer of autonomous vessel technology, announced Wednesday that it has quadrupled in size in the past 18 months.
Executive Moves: From Air Partner to Vanguard Onno Meij has assumed the role of chief executive officer of Vanguard Logistics Services. CEVA Logistics has hired Terry Carter as senior vice president of transportation for contract logistics. Draymaster Enterprise has named Phil Dupuis as director of sales. And Air Partner division Baines Simmons has welcomed four consultants.
DHL opens 16,200-square-foot Charleston facility DHL has opened a new facility in Charleston, S.C., nearly three times the size of its former one and designed to handle a projected seven-year growth in demand for the company's services.
"K" Line settles defamation suit against APL "K" Line says it has settled a defamation lawsuit against APL Logistics, a subsidiary of Kintetsu World Express.
NYK issues profit warning Japan's NYK has issued a profit warning for its current fiscal year, citing costs related to changes with its container shipping business, problems at its Nippon Cargo Airlines (NCA) subsidiary, and higher fuel costs.
Canada takes U.S. solar tariffs to NAFTA tribunal The Canadian government has asked the NAFTA Secretariat to set up a panel to review U.S. tariffs on solar panel imports.
UPS delivers higher earnings in Q2 UPS Inc. in the second quarter of 2018 grew its earnings 7.3 percent to $1.5 billion compared with the same 2017 period, according to the company's most recent financial statements.
First Rotterdam-WAF fuel oil Suezmax booked in Aug amid busy loading schedule The first Suezmax booked to load fuel oil in Rotterdam for discharge in Lome in August was booked late Tuesday, shipping sources said.
Steel tariffs could slow US oil, gas output growth: Plains Imposing steel tariffs on US oil and natural gas pipeline builders could delay some projects, make others uneconomical and ultimately slow US production growth, a Plains All American executive told Congress on Tuesday.
First Mellitah crude loads since termination of El-Feel force majeure: data For the first time since Libya's National Oil Corp. lifted a force majeure declaration on oil flows from the El-Feel field, a tanker has lifted crude from the Mellitah complex, data show.
Sharp 6.15 million-barrel US crude draw boosts oil futures The oil complex settled higher Wednesday after US Energy Information Administration oil data showed US crude stocks fell 6.15 million barrels for the reporting week ended July 20.
Trefoil Trading BV trades for 1st time in Rotterdam's bunker fuel MOC process Rotterdam bunker supplier Trefoil Trading BV traded for the first time during the Rotterdam bunker fuel Platts Market on Close process on Wednesday.
Gibraltar bunker operations rise amid higher HSFO loadings The number of bunker supply operations at the Mediterranean hub of Gibraltar have risen week on week, data from the port authority showed Wednesday afternoon, amid increased end-of-month high sulfur fuel oil cargo loadings.
China COSCO orders ships with option for dual fuel operation ahead of 2020 The engines will be installed in 11 new vessels being built in shipyards owned by China Shipbuilding Industry Corporation
INTERVIEW: EGCSA expects scrubber adoption to soar as IMO 2020 rule looms "I doubt if there is more than 0.5 man-day per month required for scrubbers" Gregory said.
Iran's July LPG shipments recover to about 484,000 mt: shipping sources Among the ships that have departed, one each is slated for Taiwan and Thailand, according to cFlow.
Turkey vows to keep buying Iran's oil Turkey is Iran's biggest oil buyer outside Asia and last year imported almost halve of it's crude from the country.
Singapore ex-wharf 380 CST bunker premium hits 3-month high on strong cargo market The premium was last higher at $11.19/mt on April 25 when off-spec issues had surfaced.
Contango emerges in Dubai cash crude structure amid ample supply "Front end length," said one Singapore based trader, adding there were "a lot of additional barrels in a market that doesn't need them."
Turkey informed US it will not comply with Iran sanctions: report "We have told them we will not join these sanctions, we buy oil from Iran and we purchase it under proper conditions," Turkish foreign minister Mevlut Cavusoglu said.
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