CMA CGM suffers on higher bunker costs French carrier suffers from rising bunker costs even as transported volume remains high
Concordia Maritime expands suezmax fleet Three ships built in 2012-2014 will be deployed in the Stena-Sonangol pool for spot trading
Rusal-induced supply chain shake-up put on hold Russian aluminium giant is resuming bauxite, alumina and aluminium shipments, having taken steps to rid of Oleg Deripaska's influence
Maritime sector decries lack of business analyst and computer skills Shore staff turnover can hit 40% a year, chief executives note
Greek shipping faces 'disproportionate' environmental pressure, owners say Greece should take advantage of developments in Europe in order to attract a big part of maritime and ancillary activities...
The Lloyd's List Podcast: The week ahead Listen to the latest edition of Lloyd's List's new weekly podcast - your weekly briefing on the stories shaping shipping...
AET orders four new shuttle tankers for Petrobras contract Singapore-based AET Tankers orders four more DP2 shuttle tankers as it wins long-term contract from Petrobras
IMO sets out framework for autonomous shipping study Invites input from member states and international organisations on how trials of autonomous shipping will be held
International Seaways raises $25m in baby bonds Notes will pay 8.5% interest and they will be listed on the New York Stock Exchange
Short-term prospects for capes dim on strikes Average weighted time charter earnings on the Baltic Exchange have fallen from $20,801 per day on May 14 to $11,177...
Carriers turn to bunker surcharges to prop up rates as costs rise Container carriers blame rising fuel costs and subsequent low freight rates on significant first-quarter losses
Changing Lanes: The emerging picture on the Asia-South America trade lane Mergers and acquisitions have required reshuffles to meet regulatory requirements
Shipping's carbon targets can only be met with zero-carbon fuels Liquefied natural gas and biofuels are only a short-term answer to reduction targets
Will China's leasing majors embrace 'tier-II owner' Scorpio Tankers? Scorpio Tankers may be a second tier shipowner, but the main Chinese leasing financiers appear to like it
Ultra-low sulphur fuel goes on sale in Amsterdam, Rotterdam and Antwerp Marine fuel supplier Bomin Group has put ultra-low sulphur fuel oil on sale around Amsterdam, Rotterdam and Antwerp
Shipowners back call to boost Hong Kong's maritime financing and leasing sector Hong Kong came in seventh in the Menon Economics ranking of leading global maritime capitals last year, compared with Shanghai, which...
Trump cancels summit meeting with Kim Noting that the summit cancellation comes barely a fortnight after he withdrew from the Iran nuclear deal, BMI Research said...
Moderate long-term growth in sight for Chinese seaborne iron ore Steel production to grow at a slower pace of 1%-1.5% during the coming years, JP Morgan says
Uber Freight expands reach to small US truck fleets The inclusion of carriers with up to 10 trucks in Uber's capacity pool will help build density and increase the value of its app-based service to shippers.
CMA CGM joins 2M carriers with bunker surcharge as fuel prices soar Rodolphe Saadé, group CEO of CMA CGM, announced the surcharge along with first quarter results, which saw revenue surge. Despite that increase in demand, fuel costs resulted in a $77 million net loss for the quarter.
DHL expects tech-based logistics service to cut truck transit times DHL has launched "DHL SmarTrucking" in India, which the company claims will substantially increase the emerging market economy's over-the-road supply chain efficiency.
HMM and Evergreen end three trans-Atlantic services However, freight forwarders and shippers said they did not expect the disappearance of two carrier's trans-Atlantic services to have much impact on capacity on the United States-Northern Europe route.
2M Alliance hits market with bunker surcharges as fuel prices climb Maersk Line and Mediterranean Shipping Co. were the top two carriers on the US import trade in 2017.
Carriers' second quarter profitability hangs on June rate rises The first magenta containership in Ocean Network Express' fleet, the 8,560 TEU ONE Commitment, calls at Yantian International Container Terminals on May 24 as part of THE Alliance's PN2 service. PN2 provides an eastbound service from Southeast Asia, South China, and Taiwan to the Pacific Northwest, and a premium westbound...
US shippers hitting capacity barriers on rail, road Rising intermodal spot rates and tight capacity on the rails are making it difficult for latecomers seeking to shift freight off the highway.
Bunkers push CMA CGM to first quarter loss Third largest boxship operator implements at least 7% increase in container rates for 'emergency' bunker recovery.
Clarksons values Greek fleet at $105bn An $80bn plus investment in newbuildings coupled with huge S&P activity has seen near doubling of nation's fleet since financial crisis, says Steve Gordon.
ICS: fossil fuels go way of dinosaurs by 2050 'Radical' and 'unproven' technologies will need to be used to meet a zero carbon future for vessels
US maritime backs gas, oil export bill Legislation is designed to spur US shipbuilding capacity.
Russia, US get IMO blessing on Bering Strait Shipping route expected to get more crowded due to increases in energy and mining activities in the Arctic.
Hudson Shipping demurrage claim settled Hudson Shipping Line lawyer says case against Phoenix Global has been 'amicably resolved".
Stena makes its first order for LNG ropax Swedish ropax and ferry owner and operator places its bet for low-carbon ship fueling for future.
Lady Aziza master jailed over fatal clash Syrian captain gets two years and 10 months for 2014 collision in Italy.
LNG can sidestep Panama Canal booking system One energy major has been successful with a phone ahead for a slot strategy
Diana Containerships vessel extended at higher rate US-listed boxship owner sees post-panamax contract with Orient Overseas Container Line renewed.
Costa Cruises continues to grow fleet Carnival brand expects to add four new ships by 2021, increasing capacity by 43%.
Spanish shipowners weigh up 2020 choices Association chief says LNG is only fuel of choice at present to meet incoming regulations
HMM halts Iranian boxship bookings Korean owner stops services to and from Gulf country following US sanctions.
Sovcomflot inks Rosneft newbuilding supervision pact Deal signed at St. Petersburg International Economic Forum.
Concordia Maritime adds to suezmax market presence Kim Ullman says joint charter of trio comes after adding six product tankers.
AET inks shuttle tanker quartet for long-term Petrobras charters Malaysian owner nets 15-year charter deals to back DP2 shuttle vessel newbuildings.
SolstadFarstad offloads laid-up AHTS duo Norwegian owner finds buyer for ships stacked for more than a year.
VIDEO: tanker burns off Indonesia Crew evacuated as wall of flame travels downriver.
Cochin Shipyard doubles earnings Listed Indian shipbuilder boosted by revenue growth in fourth quarter.
Danske sees deeper red for Frontline in 2018 after rate revision John Fredriksen-backed owner will return to the black in 2019 despite reduced forecasts, bank says.
Shreyas slams Indian cabotage change Domestic owner says dropping of restrictions could cause Indian flag exodus.
M Sea Capital lining up product tanker trio Shipowner set to expand product tanker presence with $30m plus purchase.
Maersk blockchain insurance platform goes live Partners including EY and Microsoft claim world first in marine hull sector.
Brodosplit wins $11m state cruiseship guarantee Croatian yard backed by government as it builds Polaris vessel.
Rusal restarts aluminium shipments US extends deadline for customers to wind down Russian contracts.
U.S., China reportedly reach deal to get ZTE back in business The Trump administration told congressional lawmakers that the U.S. government reached a deal with China to put Chinese telecommunications ...
HMM, Evergreen withdraw transatlantic services Two container carriers, Hyundai Merchant Marine (HMM) and Evergreen, have announced that they are ending services in the transatlantic. ...
C.R. England rolling out driver pay hike C.R. England has announced the largest driver pay increase in the Salt Lake City-based company's 98-year history. The pay hike for drivers...
Unions shut down CP's 'final' contract offers Canadian Pacific Railway Ltd. (CP) said its "final" contract offers to the Teamsters Canada Rail Conference - Train & Engine (TCRC) and...
Maersk announces emergency bunker surcharge In the wake of rising fuel costs, Maersk Line has announced an emergency bunker surcharge (EBS) of $60 on 20-foot containers and $120 on 40...
U.S. escalates dispute over wine sales in Canada The United States has requested the World Trade Organization (WTO) establish a dispute settlement panel to examine whether British Columbia...
CN locomotive engineers ratify collective agreement Canadian National (CN) revealed Wednesday that its 1,800 locomotive engineers in Canada have ratified a new collective agreement....
Colombia gets help modernizing trade practices Colombia's National Directorate of Taxes and Customs (DIAN) on Wednesday signed a memorandum of understanding with the Global Alliance for ...
Sanctions target drug traffickers south of border A Treasury Department official involved in developing sanctions shared some data with the House Foreign Affairs Western Hemisphere Subcommi...
Crude settles sharply lower amid talk of output return The oil complex carried overnight declines into the US trading day Friday, after Saudi and Russian energy ministers signaled interest in boosting crude supplies by the end of this year
Fuel oil Med-north at 7-month high on local demand, exports to Saudi Arabia The Northwest European to Mediterranean fuel oil arbitrage is close to being favorable as the pressure on the Mediterranean market to find on-spec RMG 380 CST bunker fuel intensifies
US asphalt demand grows as federal funding increases As federal funding for transportation infrastructure increases this year, US asphalt demand is expected to follow
China's SHFE likely to launch tax-free 380 CST fuel oil contract in June China's Shanghai Futures Exchange is set to launch a bonded 380 CST bunker fuel oil contract in June that will replace the existing 180 CST contract which is for domestic delivery
UPDATE: Bunker supplier Aegean cuts clients' credit terms: sources Aegean has limited payment terms for its marine fuel customers to as little as 14 days after delivery, according to three buyers.
ASIA SPOTLIGHT: Spot sour crude cargoes clear quickly on multi-year strength Buying interest and seasonality were evident in the Dubai crude market structure as well.
Trump cancels Singapore summit with North Korea Trump notified Kim in a letter released by the White House.
TRADER NOTE: BW Group's bunker purchaser Sean Warr leaves Warr was with BW Group for two years and nine months.
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