Diana boosted by 17 bulkers becoming mortgage-free A new five-year loan facility and cash allows US-listed Diana Shipping to 'voluntarily' pay off 17 of its vessels
Okeanis raises $100m from Norway placement Greek tanker company's share expected to start trading on Merkur market next week
Trafigura alleges forgery of papers linked to Probo Koala case Court case expected to be heard later this year
Cargill agrees long-term charters for new baby capes Cargill has options for two more vessels
Clarification: Odin Marine Group
Yinkou Port shares frozen amid debt disputes Part of the freeze results from lawsuits filed by Bocomm Financial Leasing against YPG
Weak revenues hamper salvage sector Average income from Lloyd's Open Form cases hits record low
Shipbroking market 'ripe for restructuring' This article was originally published on June 18. It has been updated and republished
Dorian 'responsive' to shareholders after BW renews approach Dorian LPG says its board members, representing more than 25% of shareholders, are against the merger with BW LPG
Danaos posts first-quarter profit after unveiling debt deal Boxship owner beats Wall Street estimates and maintains high charter coverage for next 12 months
EU revises maritime security plan Action plan calls for closer international co-operation against emerging threats
Transpacific trade struggles under weight of competition Peak season rate revival hopes fade as capacity crunch hits Asia-North America routes
Bargains still available for smaller boxships buyers With discounts on offer, potential owners should buy now to avoid disappointment
Daily Briefing Sovcomflot cautious on LNG shipping | IEA expects 20% growth in global LNG trade | EU investment in LNG bunkering...
Xinle Shipbuilding confirms Nova Maritime orders Brokers have priced the 18 newbuildings at more than $150m in total
Star Bulk launches secondary public offering Fund manager Oaktree will hold approximately 43% of the common shares of the New York-listed dry bulker operator after the...
Pakistan court orders all coal imports to be discharged at Port Qasim from August The coal companies will have six weeks to adjust their shipping routes to conform to the new ruling
SITC orders two boxships at Yangzijiang Delivery of the newbuildings is scheduled in 2020
Total reveals blueprint for LNG bunkering's future Although some challenges, such as insufficient infrastructure, still need to be overcome, Total has forecast 10m tonnes of LNG bunkering...
Selling LNG 'feels like logistics business', says Cheniere head Jack Fusco says the Cheniere fleet is a major factor behind the company's success
IMO 2020 poses 'big risks' The 0.5% sulphur content mandate may take up to $2tn out of global economy, according to consultants.
Cosco merger audit shines spotlight on 'illegal practices' Report cites billions of yuan worth of 'problems in financial accounting, investment and management, as well as breaches of Communist Party guidelines
Stalwart sells final chemical tanker from its original fleet Stalwart Management is said to have shed the last vessel in its original chemical tanker fleet, which would complete a pivot towards larger vessels. The Dimitrios Souravlas-led company has sold the 23,300-dwt St Aqua (built 2006) to unidentified buyers for about $12m, several Greek and international brokers report. Company executives were not available for comment. Stalwart Management reveals
NYK back to growth through green and digital initiatives Ambitious strategy aims to steer the Japanese giant towards greater flexibility and lower capex after spinning-off its liner arm
Panama Canal to add nighttime LNG slot Administrators of the Panama Canal cite the growth in LNG from the US as behind the move.
Golden Ocean buys back some bonds Golden Ocean Group has bought $600,000 of its 3.07% bond issue, set to mature next year. The debt was repurchased at 99% of par value, bringing the company's ownership in the 2014 issue to $25m, or 12.5%. The bond is convertible into 290,057 company shares at the current conversion price.
Danaos to consider reverse stock split US-listed boxship owner proposes amending its corporate charter to allow for such an option.
Marinakis cashing in after 2016 and 2017 spending spree Boxship deal with Navios sees Capital Maritime well in the money on former Hanjin Shipping vessels.
P&I clubs rack up another profitable year Collective free reserve of International Group mutuals tops $5.7bn
Economou's panamax sales drive nears halfway mark Major Greek shipowner George Economou is believed to have offloaded a further bulker, as part of a wide-ranging sales drive that could see him shed about a dozen ageing panamaxes. Athens-based brokers report that his New York-listed DryShips has found trading buyers for the 72,600-dwt Marbella (built 2000). Neither the identity of the buyers nor the price have been disclosed. Economou selling b
D'Amico Dry seeks $4.7m in long-standing FFA case Italian-based bulker player is suing alleged affiliate of Primera Maritime for 2009 breach of contract.
ABS works with Probunkers on LNG barges US-based classification society aims to codify standards around LNG bunkering with joint development deal..
Liberty Blue sells brace of vessels Liberty Blue Shipmanagement of Germany is tipped to have sold a pair of multipurpose vessels. Shipbrokers say the 33,200-dwt San Marino Trader (built 2010) and the Lisbon Trader (built 2009) will leave the fleet. A price of $11m is reported for the first of the ships, with the second at $10.8m. The name of the buyer has yet to emerge. Officials at Liberty Blue were unavailable for comment at t
Thenamaris crewman dies on LPG carrier Seafarer reported to have suffered asthma attack off Mexico.
Breuer buys up shares in Braemar Shipping Service Braemar Shipping Services director Jurgen Breuer has invested over £50,000 ($65,800) in the company. Kidwell to deploy more capital to grow finance arm Breuer bought 20,000 shares at around '2.50 each, according a to a regulatory filing. The move takes his overall interest in the London-listed company to 71,000 shares, a 0.23% stake. Former Societe Generale and Citibank man Breuer has been a B
CSSC Leasing firms up baby cape contract with Cargill CSSC Leasing orders four mini-capesize bulkers at Wenchong backed by commodities giant's charter
Diana Shipping pens $75m loan with BNP Paribas US-listed bulker owner will use proceeds to pay down debt on 17 ships.
Vitol's Latvian Shipping to add 12 tankers Latvian tanker company wants to boost fleet to 40 ships by 2020 as Finaval tankers join.
Laden LNG carrier suffers breakdown Ship towed to Papua New Guinea after loading in Australia.
Oaktree selling $65.5m slice of Star Bulk stock Largest investor in bulker company is set to reduce its holding.
Trump the fly in bulker market ointment Dry recovery to continue if all-out trade war can be avoided, Banchero Costa says.
Tug heading to Thorco ship aground on reef US vessel could take 10 days to reach Danish cargo vessel in French Polynesia.
VIDEO: barge consumed by fire in Seattle Firefighters tackled blaze on vessel filled with crushed cars.
Maersk, MSC loop "first casualty" in transpacific trade war Alphaliner says rate turbulence expected as APL and SM seek market share.
Bad news for tankers is in the past, says DNB Markets Analysts count up the positive drivers for depressed market, suggesting investor interest will rise.
Israel could open up Cyprus-Gaza route Government asks Cypriots to look into setting up export route to Palestinian territory.
Marine insurance broker Vanbreda acquires Proteus Consolidation in Belgian marine insurance market with the nation's largest insurance broker snapping up smaller rival.
Jefferies backs Golar LNG to hit $40 per share Jefferies has added Tor Olav Troim's Golar LNG to its Franchise Picks list amid the belief the shares have significant upside. Analysts led by Randy Giveans suggest Golar shares could be worth at least $40 each given its recent run of positive news. Golar stock last traded at $28.42 each. Stolt, Golar and GasLog to team up on small-scale LNG Giveans says the rapidly improving LNG shipping marke
Viking Supply sells three laid-up PSVs Christen Sveaas company takes $12m book loss on disposal.
Chembulk brings in CTG founder as CCO US tanker owner appoints former broker Steve Laino to senior role.
Japanese princess to marry NYK man Princess Ayoko to renounce royal status after engagement to Kei Moriya.
Crew rescued from listing cargoship Sri Lankan navy takes 11 seafarers from Indian vessel off Colombo.
Equinor signs second Reach framework deal Norwegian major wants ships for UK wind farm operations over three years.
Rotterdam looks to boost LNG loading capacity Vopak, which partly owns terminal, says upgrade will reduce loading time to three days.
SITC returns to Yangzijiang for container feederships Hong Kong-listed liner company back at its favourite Chinese shipbuilder for more tonnage.
Bulk of bunkers spilled from Odfjell tanker recovered Norwegian owner says it is still too early to speculate on the root cause of the accident.
Commerce, Consumer Product Safety picks OK'd The Senate Commerce Committee on Wednesday advanced the nomination of Karen Dunn Kelley to be deputy secretary of Commerce by voice vote an...
bm062705aa UN eyes blockchain for sustainable development The United Nations is taking note of blockchain technology as a potential solution for some of its most pressing missions. The UN earlier ...
Commentary: Clearing the decks It's no secret that the freight transportation industry lags behind other industries in terms of the digitization of data and processes. H...
Lawsuit challenges steel tariffs' constitutionality The American Institute for International Steel (AIIS) and two of its member companies,, filed suit Wednesday in the United States Court of ...
Shippers urge reappointment of Maffei to FMC The National Industrial Transportation League is urging the White House to reappoint Commissioner Daniel Maffei to the Federal Maritime Com...
TRAC adding 16,000 chassis to fleet TRAC Intermodal is accelerating its fleet modernization program by adding 16,000 premium chassis in 2018, the company said in a statement. ...
Convey nabs $10 million for expansion Last-mile visibility provider Convey has secured $10 million in new funding, according to a statement from the company. The latest investm...
Arrive Logistics secures venture capital funding Arrive Logistics, a fast-growing freight broker that launched in 2014, closed on a series A funding round led by Lead Edge Capital, a growt...
Descartes buys Velocity Mail for $25.5 million Logistics and supply chain software provider Descartes Systems Group has acquired "certain assets" of Velocity Mail, the company said in a ...
Buyers rush to secure bunker fuel in Northwest Europe as crude market surges
US crude exports hit Europe Aframax rates; VLCCs cut clean tankers demand - EA Gibson Trading patterns are pushing Aframaxes from the Caribbean region to Europe, resulting in excess supply at the destination.
RMK 500 CST bunker fuel demand in NWE weakens on fewer fixtures east Demand for the higher viscosity fuel is lackluster.
REFINERY NEWS: China's Sinopec Tianjin ships first gasoil cargo to Australia This is the first time the refinery has exported gasoil to Australia.
FUTURES: Crude remains on uptrend amid looming supply concerns "We will certainly be requesting that their [Iran] oil imports go to zero, without question," the senior State Department official said.
China's Unipec may lose top spot as largest tanker charterer for US crudes The vulnerable position is in line with expectations that the VLCC trade will take a hit if long-haul trade to China are impacted.
Pakistan's Ocean Bunkers expands bunker operations in UAE The geographical expansion will enable the company to more than double its bunker sales volumes, Yousuf said.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
