'Custom brokers should upgrade themselves by diversifying into various avenues'
2018 seen as a slow year for dry bulk demolitions
DCCAA holds 35th AGM in New Delhi; discusses ways to cope with challenges
MOL conducts assessment & feasibility study of advanced navigation support system utilising collision avoidance algorithm
NYK to build its first methanol-fueled chemical tanker with green loan
Operational National Waterways in the country highlighted
US Federal Maritime Commission closes due to partial federal govt shutdown
Maiden vessel berths at Chennai Port's modernised cruise facility
Amritsar Kolkata Industrial Corridor planned
Manual of Operating Practices for Trade Remedy Investigations issued
NIMZs being given a boost
N. Sivasailam, Special Secretary (Logistics), Department of Commerce, to be Chief Guest at Gujarat Junction CEO Roundtable & Cargo & Logistics Awards 2019
Maersk set to expand logistics activities, says Skou Søren Skou outlines a vision of customers being able to secure all of the logistics needs from Maersk
Viewpoint: Green thoughts for the year Whatever trade you are in, whatever ships you sail in, may your voyages be smooth, trouble-free and at decent rates...
World's largest FLNG vessel Prelude starts production Inpex has a 17.5% stake in the project and has sealed contracts to supply LNG to JERA and Shizuoka Gas
DSME wins one more newbuilding LNG carrier Separately, DSME says it has settled a dispute with Angolan state oil company Sonangol over two drillships
Daily Briefing Sinopec suspends two top officials at trading arm | Keppel O&M wins its first newbuild Arctic class LNG bunker tanker...
Viewpoint: Trade war trumps green issues at Port of Kalama, Washington Kalama sought $11.5m under the US government's Better Utilizing Investments to Leverage Development programme, to help pay for docks and...
NYK secures green loan for methanol-fuelled tanker NYK's move comes amid shipowners' efforts to meet the International Maritime Organization's upcoming new environmental regulations
Chiwan Wharf rebranded as China Merchants Port Group CMG chairman Li Jianhong says the move is significant for the state-owned conglomerate to develop and consolidate the ports business...
Woodside kicks off FEED to double Pluto LNG capacity by 2024 Wood Mackenzie has projected a global LNG supply gap from as early as 2022 due to a lack of new...
Suez Canal rebates extended on tanker routes Rate reductions, with almost half applying to crude tankers moving from the US Gulf to India, are expected to boost...
Cofco jumps on agri-shipping digitalisation bandwagon The longer-term aim is to drive greater security, reliability, efficiency and transparency by using digitalisation
Keppel O&M wins its first newbuild Arctic class LNG bunker tanker This is the third LNG bunker vessel newbuilding contract that Keppel O&M has won so far this year
Prince Rupert targets US Midwest markets as terminal hits new throughput record Plans call for the highly efficient Fairview Container Terminal, operated by DP World, to nearly double its throughput capacity by 2020
Maersk looks to beef up land operations Danish boxship giant seeks to shed conglomerate status, according to media reports.
European boxship sector calls for Brexit changeover period European Shippers' Council says governments and businesses need through 2020 at least to prepare for UK's pending departure from EU.
Oslo-listed Dof nets new charter with Ithaca Dof has inked in a short time charter for one of its platform supply vessels. Ithaca has chartered the 4,150-dwt Skandi Barra (buit 2005) for four months. Financial terms were not disclosed in a statement to the Oslo Stock Exchange today.
Sohmen-Pao piled in for BW LPG stock amid forecasts of return to profit Andreas Sohmen-Pao's BW Group spent just shy of $10m on BW LPG shares in the run-up to Christmas at a time some analysts believe the Oslo-listed shipowner is poised for a return to profit. Andreas Sohmen-Pao strikes again for BW LPG shares BW Group picks up extra $2m shares in BW LPG Fredriksen purchase sparks Avance Gas shares into life Privately owned BW Group saved its biggest helping unti
Seatrans sells veteran chemical tanker in fleet renewal move Diversified shipowner Seatrans has sold one of its oldest chemical tankers. Managing director Gisle Kaarbo Rong confirms the 11,900-dwt Trans Borg (built 2000) has been cashed in. Jebsens and Seatrans set up new shipmanagement firm The tanker, which is due for special survey in January 2020, has gone for $5.2m, according to brokers. Some say Jeil International of South Korea is the buyer, but
Naftomar of Greece scrapping oldest VLGC Naftomar of Greece is selling its oldest VLGC for scrap, sources say. European demolition brokers say the 78,000-cbm Gaz Supplier (built 1990) will go for green recycling in India. BW LPG: no scrap-sale decision yet The ship is understood to have fetched $425 per ldt, or $7.3m, which is said to represent a fall demolition pricing. Naftomar bought the vessel as Gas Leo from Astomos Energy Corp
Angelicoussis aframax tanker sparks sales rumours Rumours of an aframax sale by major Greek owner John Angelicoussis sent the pulses of some shipbrokers racing in the typically quiet Christmas period. TradeWinds, however, understands that the ship in question is not on the S&P market at all. According to some reports emerging throughout December, Angelicoussis company Maran Tankers has agreed to sell the 105,300-dwt Maran Saggita (built 2009)
Unipec president one of two officials suspended Unipec has suspended two leading officials following losses at the trading arm of Chinese state oil company Sinopec, news wires report. Unipec president Chen Bo and senior Communist Party representative Zhan Qi have both been suspended for "work related reasons", Bloomberg and Reuters reported. Ling Yiqun, a vice president at Sinopec, will take over the duties of both men, Bloomberg said. Chen
Stifel sounds alarm as LNG newbuilding orders hit highest since 2004 LNG carrier newbuilding orders have spiked to the highest level since the global financial crisis with this year seeing the most ships contracted since 2004, Stifel says. Gaslog returns to Samsung for more LNG carrier newbuilds LNG shipowners set to home in on yard options as year ends Shell confirms LNG ship charters with TMS Cardiff Gas and Sovcomflot Following GasLog's double order at Samsu
Economou ends 2018 owning more than 80% of Dryships As 2018 winds down, George Economou's already huge stake in Dryships has only gotten larger. According to Securities and Exchange Commission filings, the Greek tycoon owns 82.5% - or 72.4 million - of the New York-traded outfits' outstanding shares through SPII Holdings, an increase of nearly 12% since the year started. Plaintiffs in Texas lawsuit ordered to pay costs to Economou DryShips to bu
GNMTC fears 'fake loan' tanker being prepared for sale General National Maritime Transport Company fears an aframax tanker detained for more than a year in Bulgaria is being prepared for sale. GNMTC crew forced from tanker at hub of 'fake loan' dispute in Bulgaria Criminal cases mulled as GNMTC fights 'fake loan' GNMTC fighting 'fake loan' arrest case in Bulgaria The 116,000-dwt Badr (built 2008) was arrested in Burgas last November and a fresh tw
Daewoo takes December LNG carrier tally to six South Korean shipbuilder moves within 7% of annual newbuilding target with latest contract.
Gaslog returns to Samsung for more LNG carrier newbuilds Peter Livanos-backed owner says Cheniere has exercised options to charter more tonnage.
Kum takes up the reins at Atlantic Navigation Singapore offshore veteran named as non-executive chairman after change in share ownership.
Commentary: Trends of the economic superpowers BlueWater Reporting says the United States and China will continue to drive world trade.
Report says Maersk eyeing trucking, warehousing CEO Soren Skou tells Financial Times the company needs to do acquisitions in the logistics space.
Port of New York/New Jersey chassis supply improves TRAC Intermodal says inventory optimization as well as new and added equipment have eased shortages.
Computer firms named in infringement complaint Tela Innovations named Acer, Asus, Lenovo and others in a complaint to the ITC alleging infringement of companies' imports on Tela's intellectual property rights.
Japan trade negotiation objectives released With talks set to start as early as mid-January, the Office of the U.S. Trade Representative shared its vision for approaching customs and trade remedies.
Kuwait's new oil minister pledges support for OPEC cuts Still maintains goal of output of 4 million b/d by 2020.
Crude settles lower amid volatile equity session Brent-WTI spread moves to narrowest since August.
FUTURES 1: Crude down post overnight rally, awaits US stock data Wall Street's strong rebound on Wednesday inspires gains across to Asia even as the market ponders about the sustainability of this change with the light volume that accompanied.
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