Marinakis dismisses drugs probe as 'fabricated plot' 'No effect' on Capital Maritime or Capital Product Partners, says senior executive
UK's Maritime and Coastguard Agency charts digital future Digital enhancements and employment drive to prepare UK safety agency for post-Brexit Britain
Swedish owners following car makers to greener solutions Commercial reality combined with politics lies at the heart of Sweden's Electromobility for Shipping initiative
Smaller boxships return to east-west trades Cheap charter rates and relatively low bunker costs mean classic panamax boxships can make a profit in a trade mainly...
Five things to watch: Crude tankers Most market players hold a dim view over earnings prospects this year even as rising scrapping volume could pave way...
IMO urged to ward off unilateral action with ambitious decarbonisation strategy Shipowner groups rally on global carbon reduction consensus ahead of April Marine Environment Protection Committee meeting in London
Swedish companies lead collaboration to promote electric shipping Two major Swedish maritime businesses have joined forces with a research institute, a battery technology specialist and the shipowners' association...
Seadrill scraps $2.3bn of orders at Korean yards SHI and DSME say they are seeking buyers and working to minimise the financial impact
Charter market sentiment stays strong Rates head north amid fixture frenzy as carriers rush to secure tonnage needs from a dwindling idle fleet
Yang Ming and Evergreen back to profit Yang Ming's box volume grew 9% to more than 4.7m teu last year
EU drafts united CO2 reduction strategy EU maintains decarbonisation targets but gives member states flexibility to manoeuvre during negotiations
K Line gains $134m on property disposal Japanese corporation bought the Daito Tamachi Building in Tokyo owned by K Line's tugboat subsidiary Daito Corporation
Cosco Shipping Ports benefit from terminal growth Company pledges to continue exploring investment opportunities in foreign ports
DP World secures 30-year concession to operate Congo port Port operator to hold 70% stake in the joint venture with 30% held by the Congo authorities
Abu Dhabi Ports signs pact with China trade body Partnership signed during a conference organised by an ADPorts unit and the Chinese Business Council
GasLog secures two charter deals in third and fourth quarters Both agreements feature options to extend the vessels' employments at higher rates
GoodBulk sells one capesize and acquires another When the deals are completed, the company will have a fleet of 22 capesize vessels, one panamax vessel and two...
Yangzijiang takes major stake in Chinese trading firm Shipbuilder aims to become less dependent on third parties for steel-related product transactions
Korean ferry aground on rocks Coast guard rescues 163 people from Pink Dolphin.
Frontline stake in DHT Holdings fully sold Final shares in initial $46.1m stake have now been divested, Frontline report confirmed.
Wartsila signs $37m VOC deal with AET Finnish group says recovery kit will save 3,000 tonnes of fuel per year.
Navios Midstream cuts payout as VLCC deals start fleet renewal Reduced payout comes as owner reveals purchase of tanker from Navios Acquisition.
Marinakis match-fixing charge may be dropped Top Greek court orders lower judges to review November decision to refer Greek owner to trial in wide-ranging football probe
Tallink down as it ends strategic review Shares fall as ro-pax owner takes no action after hunt for investors.
Odfjell chief Morch eyes chemical tanker turnaround Oslo-listed shipowner says this could be the year rates take a turn for the better.
Eastern Pacific LPG carrier finds year charter Idan Ofer's Eastern Pacific Shipping has fixed out a midsize LPG carrier in a deal that could be worth $5.6m in gross revenue. Dubai trader BGN International has chartered the carriers the 38,000-cbm Manitoba (built 2016) for some $460,000 and $470,000 per month, which equates to between $15,100 and $15,500 per day. Singapore-based Eastern Pacific ordered the Manitoba for $51m at Hyundai Mipo Do
WEB TV: Maersk and MSC ships collide Video footage captures impact between 2M partners' vessels in Peru.
Warner steps in as interim chairman of Clarksons Long-time UK Athletics chairman takes temporary post following illness to James Hughes-Hallett.
3i sells Scandlines in $2.1bn deal Fund sells out to First State and Hermes, but then buys back smaller holding.
Shipping stands stronger than S&P 500 as US and China joust US stocks slump most in two years with dry bulk hardest hit among maritime equities.
Fredriksen in talks to buy cancelled Seadrill drillships Four vessels worth $2.2bn could become part of private empire after contracts terminated at DSME and Samsung.
Cost-conscious Yang Ming returns to profit Focus on operating expenses pays off for Taiwanese container line.
Grindrod seeks consolidation after Nasdaq move South African shipowner says US listing will not change focus in shipping sector.
Roper Taylor moves upstairs at Vitol Russell Hardy takes over as new CEO of trader and shipowner; profit 'drops'.
VLCC orders and demolition neck and neck in 2018 Tanker owners are ordering new VLCCs almost as fast as their peers can scrap them. Allied Shipbroking counts 15 firm VLCC newbuildings placed this year which have been assigned IMO numbers, while TradeWinds has identified 17 VLCCs sold for demolition in 2018. Kyklades Maritime is the latest shipowner to have added VLCCs, following peers KOTC and JX Ocean, which has inked a single VLCC at Japan M
K Line banking $134m from sale of towage unit Japanese owner offloads Daito Corp to compatriot group after review.
Russian group inks debut tanker order Tank terminal and bunker player Amurskaya heads to China for first products carrier.
DP World seals 30-year Congo concession Dubai-based terminal operator says multi-purpose facility will be country's first deep-water port.
GoodBulk raids second hand market for capesize Monaco-headquartered shipowner restores fleet size to 25 ships with latest acquisition.
STX workers to stage strike from Monday Unions say they are willing to embrace cuts in welfare or wages, as long as jobs are safe.
Danish owners slam US and China tariff plans Shipowners association describes new trade restrictions as "deeply worrying".
U.S. outlines problematic Chinese IP regulations in WTO complaint Chinese regulations require foreign license holders of technology imported into the country to indemnify Chinese licensees for all liabilit...
North American freight market growth rolls on in February The North American freight market continued to show "increasingly positive" growth in February 2018, according to the latest Cass Freight I...
Omnibus spending bill benefits ports, AAPA says The American Association of Port Authorities (AAPA) said the omnibus spending legislation approved Friday by Congress and signed by Preside...
CPSC seeks comments on age guidelines for toys The Consumer Product Safety Commission (CPSC) is requesting comments on draft guidelines for determining age appropriateness of toys be sen...
Container spot rates continue falling on east-west trades Spot container freight rates to and from Shanghai have steadily deteriorated in the past six weeks, falling to lows not seen since 2016, ac...
CPSC to hold hearing on Internet of Things regulations The Consumer Product Safety Commission (CPSC) at 10:00 a.m. on May 16 will conduct a public hearing on potential safety issues and hazards ...
U.S. sets dumping duties for Chinese box staples The Commerce Department on Friday released its final antidumping duty assessments for imports of carton-closing staples from China. Commer...
Pennsylvania man indicted for illegal gun part exports A federal court in Pennsylvania last week charged Ross Roggio of Stroudsburg, Pa., and his firm Roggio Consulting Co., with conspiracy to i...
APL launches new intra-Asia loop dAPL has launched a new weekly service that connects China and Vietnam. Dubbed the Chu Lai Haiphong Express (CHX), the loop has a seven-day...
Oil complex weakens, despite Wall Street rebound Investor concerns over a global trade war eased Monday
Trafigura orders scrubbers for up to 32 new tankers "The first vessels will be delivered in October this year," a company representative told S&P Global Platts. "All will be equipped with scrubbers."
External: Marine Bunkering(Rotterdam)B.V.
US-China trade war jeopardizes commodities demand growth This is problematic, considering that commodity markets were starting to turn the corner on the back of strong global economic growth.
IMO is the right organization to regulate maritime industry: BIMCO Not regional or national legislation, such as the US Coast Guard BWM system or a possible European CO2 emissions standard.
Japan secures more Iraqi oil after approval of Itochu's West Qurna 1 deal Iraq's decision to approve Itochu's acquisition of the West Qurna 1 stake could help ensure ample Basrah crude sales to Asia.
FUTURES: Crude lower on profit-taking, focus remains on geopolitics "Investors remained concerned that the new national security adviser would push for more sanctions on Iran," ANZ analysts said.
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