GasLog Partners sees LNG carrier shortage Four vessel acquisitions since May 2017 have resulted in six consecutive dividend increases
Another world first for Dubai's post-oil plan Dubai makes no secret of its ambitions to be world leader on many fronts, and its latest maritime venture is...
Japan could become an Asian LNG bunkering hub The world's largest LNG importer already has 40 LNG terminals on its coast
Volume boost drives profits at Cosco Shipping Regional and emerging markets and terminal volumes from alliance partners swell Cosco's coffers
Concordia's Ullman says IMO sulphur rules will benefit tankers Sweden-based tanker owner and operator sees positives from the low sulphur rules, not just in terms of potential increased scrapping...
The Interview: Kenneth Lim The man tasked with turning Singapore into shipping's Silicon Valley believes that the industry has to embrace collaboration or face...
Tsakos sells 20-year-old VLCC for scrapping New York-listed TEN joins VLCC scrapping frenzy this year by sending the oldest ship on its fleet for demolition
Northwest Europe product tanker market lifted by shipments to US and Nigeria Gasoline floating storage tanks off the coast of Nigeria reduce tonnage supply, while US product exports hit record high
Oman secures its future with SOHAR Oman's premier port is on an aggressive expansion journey which aims to help transform the sultanate's economy and provide a...
SMW: Should Sino-US trade spat be a big shipping concern? The fear does not come from when things change, but from when people do not know whether it will change...
K Line posts full-year net profit of $95m The company intends to shrink its exposure to the dry bulk segment
Surging volumes drive up Cosco Shipping Ports' earnings CS Ports' volumes climbed 37.7% to 27.2m teu in the first quarter of 2018
SMW: Box ports struggle to accommodate carrier demands Cascading of container ships has left many ports unable to accommodate vessels allocated for intra-regional trade
Grimaldi confirms order for six hybrid ro-ro vessels Agreement signed with Chinese yard for first of 12 eco-ships to be used on Mediterranean and Baltic routes
Pakistani yards reopen for tanker scrapping The development is a welcome news for tanker owners because it will boost competition among shipbreakers, resulting in attractive prices...
DP World reports 7.3% first-quarter volume growth Terminal operator sees volumes up across global portfolio in first quarter of 2018
Pollution at UK ports estimated to cost at least $188m per year Ro-ro vessels, bulk carriers and passenger ferries were among the heaviest polluters berthed at UK ports in 2016
ONE-related restructuring charges drag MOL to $446m loss Company projects profit of ¥30bn for current fiscal year
NYK returns to profit In container shipping, it reported brisk traffic along transpacific routes
SMW: Singapore agreements unveil digital agenda for the future Singapore Maritime Week spawned a series of agreements that link the city-state with European digital leaders. While short on detail...
Baltic Exchange develops dry bulk recap tool The tool can maximise efficiency and accuracy in contract production
Singapore extends bunkers' mandatory flow meters to distillates Around a third of the city state's bunker barges are estimated to be used for distillates
Seacor Marine adds two board members New York-listed offshore vessel owner adds expertise in finance and energy with new additions.
Another VLCC test completed in US Gulf Test run for loading of super tankers comes as US crude exports hit a new record.
Royal Caribbean warming up to Cuba Richard Fain-led cruise major almost doubled capacity to the island group for 2018.
Samudera to focus more on drybulk sector Diversified Indonesian owner expects its boxship segment to be 'challenging.'
Moody's lowers Dynagas outlook to negative London-based ratings agency downgrades the Tony Lauritzen-led partnership as $250m in debt is set to mature in late 2019.
Lego family fund confirms plan to exit non-brick ships A fund controlled by the descendants of the Lego Group's founder is planing to exit shipping. Danish investment company Kirk Kapital said in an annual report that shipping is now a discontinued activity as it looks for an "opportune time" to dispose of its product tanker fleet. Outright ship purchase a first for Kirk family The company which was set up in 2007 to manage the wealth of members of
Enesel linked to VLCC sale Lemos company said to have offloaded 2007-built tanker.
Diana sees better rate on panamax hire Athens-based shipping company charters out vessel at 150% improvement over previous rate.
Moby Lines lands a whale of a profit Italian ro-pax group pushes up 2017 earnings on higher revenue.
Havila extends PSV deal with Maersk Oil Norwegian owner keeps Havila Clipper in work for another two months.
GasLog Partners posts biggest quarterly profit US partnership boosted by interest rate swaps as revenue remains stable.
Chandris scraps veteran aframax Greek owner offloads tanker for $6.3m to recyclers.
Kyklades Maritime takes VLCC orderbook to eight Greek shipowner's comeback to the sector has extended with two more newbuildings.
Port Canaveral demolition begins Canaveral Port Authority and its cruise partner will invest approximately $150 million in building and equipping a new two-story 188,000-sq...
Port to negotiate with Oakland A's for ballpark site Oakland A's officials have indicated that the port's waterfront location is one of two sites they're considering for a new home....
Union Pacific partners with National Park Foundation Union Pacific on Friday announced a new commitment to help preserve our nation's unique and inspiring spaces with its multiyear, $3 million...
Skou: Government subsidies distorting shipping markets Every now and then, an executive comes along and says exactly what analysts and even casual observers have been saying for years. At a mar...
IP practices in Canada, Colombia among world's worst Countries tabbed by the United States as maintaining the worst intellectual property rights (IPR) regimes should consider concerns outlined...
Heartland Express drives up revenues in Q1 Heartland Express posted a net income of $13.4 million for the first quarter of 2018, and despite the favorable impacts related to the Tax ...
Old Dominion moves up a gear in Q1 Old Dominion Freight Line Inc.'s net income for the first quarter of 2018 soared 66.2 percent year-over-year to $109.3 million as it manage...
U.S. GDP growth sputters in Q1 United States gross domestic product - the broadest measure of a nation's overall economic health - grew at an annual rate of 2.3 percent i...
ONE carriers post choppy FY 2017 results Japan's three largest ocean carriers - Nippon Yusen Kabushiki Kaisha (NYK Line), Mitsui O.S.K. Lines Ltd. (MOL) and Kawasaki Kisen Kaisha L...
With spare capacity in reserve, Saudi Arabia stands to gain from Iran sanctions Saudi Arabia will be handed a golden opportunity to seize oil market share if US President Donald Trump reimposes sanctions on Iran.
Crude futures consolidating near three-year highs Crude futures dipped Friday, but remain just off three-year highs reached this week supported by continued geopolitical risk, despite a significant political thaw overnight on the Korean peninsula.
Sinanju greets MGO MFM rollout with Singapore's 1st dual-metered bunker barge Will retrofit half its fleet with meters for MGO deliveries, while some will have two meters.
ARA fuel oil stocks up 3% on week as VLCC loaded to go east: PJK Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region rose 3% on the week to 1,169,000 mt as of Wednesday, latest data from PJK Consulting showed Friday, with the European market remaining well supplied.
Tankers in excess supply but trade growth set to drive demand: Clarksons Excess supply of tankers is currently adding to the downward pressure on the freight rates but demand is strong, fueled by an economic upswing and rise in global trade, Clarksons Research Managing Director Stephen Gordon said this week.
Vessels forced to de-bunker after receiving off-spec bunker fuel in Singapore Sources estimate about 20,000 mt of bunker fuel were off-spec.
HK bunker activity increases as Singapore sellers grapple with issues Pickup in activity in Hong Kong comes after spot demand earlier in April had been sluggish.
Asian oil importers ready to sail through Iran sanctions storm Major Asian oil companies were well-positioned to seek alternatives.
Oiltanking to reduce tug boat charges at Indonesia's Karimun terminal from May 1 Starting May 1, the tug charges for Medium Range-sized vessels will see the sharpest reduction by nearly 50% from the current indicative rate of around $16,400/grt.
Singapore mandates MFM for distillate bunker delivery, readies industry for 2020 sulfur cap "The industry has given positive feedback on the mandatory use of MFM for MFO," MPA Assistant Chief Executive (Operations) M Segar said.
Japan-bound VLCC laden with Brazilian crude likely looking for home: sources Baltic Glory was diverted from China because of an oversupply of crude there.
TANKERS: Scorpio plans $334 mil liquidity injection after $31.8 mil Q1 net loss The company expects to announce all the credit facilities in May and June, when these transactions have been definitively approved, it said.
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