First fine imposed for sulphur cap non-compliance The prosecution of over-limit bunker fuels signals greater seriousness in enforcing pollution limits
Improving dry bulk market helps Diana to profit US-listed company says it does not think scrubbers are an attractive investment case
BDO and Moore Stephens in 'advanced' merger talks The combined firm will operate under BDO's brand and have $758m in gross annual revenues
Chinese leasing orders seen as drag on dry bulker prospects The next five to 10 years may see a big part of the sector for capesize or larger vessels dominated by...
HSH Nordbank sale gets EU approval Competition commissioner Margrethe Vestager believes the troubled bank can become a viable player after JC Flowers and Cerberus takeover
Boskalis wins offshore contract with Saudi Aramco The agreement will run for six years with options to extend for a further three plus three years
CEVA buys CMA CGM's freight management unit CMA CGM will sell logistics unit to CEVA as it seeks to boost its stake in the Switzerland-listed firm in...
Russia reopens Kerch Strait to shipping after vessels seized Russia border patrol authorities closed the passage and fired on three Ukrainian naval ships that they later seized
Front loading props up transpacific rates Transpacific rates could be offered another short-term boost if Trump gives the nod to impose import fees on the $257bn...
Diana Shipping: Scrubbers not 'attractive investment' A shipowner must 'make various assumptions' to see exhaust gas scrubbers as a worthwhile risk, chief strategy officer Ioannis Zafirakis says.
Talks focus on Panama Canal's future growth Waterway's board of directors and advisory board will meet for three days in Netherlands.
Globus Maritime gets $15m credit facility from affiliate Globus Maritime has freed up even more cash. Globus Maritime is back in the black The Athanasios Fedaikis-led Greek dry bulk company announced Monday afternoon that it has secured a $15m revolving credit facility from affiliated company Firment Shipping. The potential for the line of credit was mentioned in Globus' third quarter earnings release. It comes as the company posted its first profit
Seafarer dies in fall on Ponant cruiseship Romanian engineer killed after slipping from ladder in Chile.
KNOT Offshore's third quarter slightly down from last year KNOT Offshore Partners posted $20.9m profit in the third quarter, down a tiny bit from the year prior. KNOT Offshore staying away from scrubbers The John Costain-led Scottish MLP said Monday its most recent quarterly profits fell $200,000 from the third quarter 2017. Three new ships, the 156,000-dwt Lena Knutsen (built 2015), the 152,000-dwt Anna Knutsen (built 2017) and the 153,684-dwt Brasil
P&O master escapes jail but fined over fuel breach US cruiseship captain convicted of burning unauthorised bunkers in France.
Diana Shipping returns to black, crushes forecasts Simeon Palios-led bulker owner sees higher revenue on improved charter market.
Latsis linked to yet another aframax deal Greek owner said to be purchasing K Line's Singapore River.
Reederei Nord bullish on bulker market prospects Managing director says Hamburg company also positive on outlook for tankers but more cautious about boxships
BDO taking over Moore Stephens LLP Shipping accountant Moore Stephens is being merged with rival BDO to create the UK's fifth-biggest accounting firm by revenue. BDO said discussions are at an advanced stage on a deal that would make a combined entity a leader in advising the UK's entrepreneurial mid-sized businesses. Completion is expected in spring next year. The merged operation would have revenue of £590m ($758m) and 5,000 s
Nordic American Offshore's future unclear after merger with Horizon called off The Herbjorn Hansson-led company will not combine with Canadian Horizon Maritime
Scorpio Bulkers charters out ultramax New York-listed Scorpio Bulkers has fixed out an ultramax for between five and seven months. The company said the 64,000-dwt SBI Libra (built 2017) will earn $15,250 per day. It did not name the charterer. In October, the company locked in seven ultramaxes on charters at around $16,000 per day that will largely cover the ships through the seasonally weak first quarter. The company posted a $35
Arkoumanis family buys veteran Weidong ropax Sino-Korean joint venture Weidong Ferry Co has sold its oldest vessel to a company closely connected the the Arkoumanis family of Greece. The deal for the 26,500-gt New Golden Bridge II (built 1990) appears to have been concluded earlier this month and the ship is now en route to Piraeus under its new shortened name of Golden Bridge. The IHS Ships Register indicates that the Japanese-built vesse
EU clears $1.2bn sale of HSH Nordbank Commission says privatisation was "open and competitive" and bank will be a viable market player again.
Former Toisa LR2 emerges in fleet of Greece's Halkidon Low-profile Greek shipowner Halkidon Shipping has emerged as the buyer of an LR2 tanker from the former fleet of collapsed owner Toisa. The Piraeus-based company bought the 112,000-dwt product tanker United Fortitude (built 2010), which has joined its fleet as the Elli. The tanker was purchased for $22m, according to data from VesselsValue. Glencore and Vitol bag LR2s in period deals Halkidon v
Noble Group wins more time to restructure Singapore trader and bulker owner Noble Group has been given more time to complete its $3.5bn restructuring. Courts in the UK and Bermuda have extended the deadline from 27 November to 11 December, it said. The company has been seeking to reorganise debt of $3.5bn, but other claims could push this to $4.2bn. Noble said the ad-hoc group of creditors remains supportive. Singapore probing Noble o
Golden Ocean CEO Vartdal buys 10,000 shares Golden Ocean CEO Birgitte Ringstad Vartdal has snapped up 10,000 shares in the Norwegian bulker company. The acquisition would have cost around $70,000 at the average price of NOK 60.12 ($7). The stock has since risen to NOK 60.95. After the transactions, Vartdal owns 21,300 shares. She holds options to buy 225,000.
Resignations cut crew levels on PDVSA tankers Country's fuel shortage worsens as seafarers leave national fleet.
Sovcomflot completes first Yamal LNG STS Pskov loaded 170,000 cbm brought by Arctic LNG carrier from Sabetta.
Grieg Star sues DNV GL over rudder problems Norwegian owner alleges quality issues with 14 open-hatch newbuildings from Hyundai Mipo.
JM Ugland sinks to loss but buys UECC car carrier The shipping activities of Norway's JB Ugland Group sank into a loss last year. But the Grimstad-based group is boosting its fleet with another car carrier from United European Car Carriers (UECC). Shipping subsidary JM Ugland & Co's pre-tax result sank to NOK 10m ($1.17m) last year from a NOK 25m in 2016, according to the company's annual report. The weaker result came partly from lower bareb
Russia uses tanker to block Ukrainian ships Russian has allegedly used a tanker to block access to the Sea of Azov for Ukrainian naval vessels. The incident flared up over the weekend in an escalation of tensions over the Russian-annexed Crimean peninsula. Russia fired on and seized three Ukrainian vessels - two gunships and a tug named as Yana Kapa, the BBC reported. Six Ukrainian crew members were injured, Ukraine said. The trouble be
Subsea 7 stretches frame deal with Shell, Chevron Norwegian OSV player adds three years to UK contract.
VIDEO: seven missing after cargoship sinks Search on for seafarers whose vessel went down in Bali Strait off Indonesia.
KOTC confirms VLGCs at Hyundai Heavy Kuwaiti owner spending $213m on three LPG vessels in Korea.
Latsco Shipping books LNG carrier newbuildings at Hyundai World's largest shipbuilder says latest order means it has attained 90% of annual target.
Seaspan continues to de-leverage with latest prepaid credit facility US-listed container leasing company frees up two 8,500-teu and four 4,250-teu vessels.
Brightoil ships arrested as creditor claims mount Hong Kong owner's Singapore arm has bunker tankers detained; faces two lawsuits and winding up order.
Equinor targets increased LPG activity in Southeast Asia Norwegian oil company aims to capture a larger share of regional market.
CMA CGM and CEVA detail their tie-up CMA CGM is selling its logistics division to CEVA as it seeks a majority stake in the company through a tender offer.
NAFTA partners expected to sign USMCA on Friday The U.S., Mexico and Canada likely will formally ink the updated pact during the G20 summit in Buenos Aires.
Commerce develops Section 232 exclusion portal
FMC reviews seven OTI license applications
Hapag-Lloyd installing exhaust gas cleaning systems
Port of Corpus Christi secures another $59 million
IMO secretary-general tapped for second term
Specially treated cargo begins journey to Antarctica
Oil moves off 13-month lows on expected OPEC cuts The oil complex held onto early gains to settle higher Monday as the market weighed the impact of a possible OPEC-led production cut on global supply.
Markets weigh risks of Kerch Strait escalation Tensions in the Kerch Strait shipping route escalated over the weekend after Russia seized three Ukrainian naval vessels in the Sea of Azov off Crimea.
Russian-Ukraine incident in Kerch Strait unlikely to affect energy flows: analysts Sunday's incident between Russian and Ukrainian naval forces in the Gulf of Kerch is not expected to affect energy export flows from the Black Sea region but has the potential to significantly worsen already strained relations between the two neighbors, according to analysts.
Black Sea-Med Panamax freight at 16-week low amid lack of fresh cargo Freight rates to carry a 60,000 mt grain cargo from Odessa, Ukraine to Alexandria, Egypt, on a Panamax-size vessel have dropped to a 16 week-low of $15.75/mt amid a lack of fresh cargoes.
Cheniere ramps up feedgas deliveries to LNG export terminal in Texas Cheniere Energy appears to be getting closer to having enough LNG produced at its export terminal near Corpus Christi, Texas, to ship a full cargo, the first from the site since startup November 14.
Gibraltar bunkers see heavy congestion after weekend of rough weather A build-up of ships is awaiting to bunker at Gibraltar as the supply complex for marine fuel at the port catches up after a weekend of bad weather, according to sources.
Taiwan's CPC to resume the supply of 380 CST bunker fuel at Taichung from Dec 29 Taiwan's state-owned CPC Corporation will resume the supply of MF-380 bunker fuel at Taichung port from December 29, the company said Monday.
Singapore Dec ex-wharf 380 CST bunker term concludes higher than Nov Singapore ex-wharf 380 CST bunker term contracts for December were concluded at higher premiums than the November contracts, amid tighter supply expectations and steady bunker demand.
External: Marine Bunkering(Rotterdam)B.V.
External: Global Risk Management
NWE fuel oil crack surges as strong demand outstrips waning supply The view on early December already looks tight so buying Dec at minus $4/b when spot trades are at around minus $2.6/b is tempting
VLSFO or 0.5% sulfur bunkers to be main marine fuel come 2020: FOBAS senior exec "We are already doing testing for VLSFO," Das said.
FUTURES: Crude retraces losses, but outlook remains bearish "Another bout of weakness in the oil market looks likely this week as investors watch discussions between Saudi Arabia and Russia at the G20 summit," ANZ analysts said.
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