Port of Corpus Christi has its own plans for a crude terminal on the US Gulf The port has opposed plans from Trafigura to build an export terminal 15 miles offshore
Overlooking safety is not being 'proactive' on the environment, say Greek owners In welcoming last week's outcome of tough emission regulation talks at the IMO as restoring the importance of maritime safety...
A Cosco-Sovcomflot tie-up would be a long and uncertain journey Nobody can tell whether Moscow will change its mind again, especially at a time when the Russian economy is breathing...
Project shippers may avoid US tariff fallout XLProjects' Gary Dale Cearley says the US-China tariffs would have a limited impact on heavylift, project and specialist forwarders based...
Teekay accepts $96m settlement with Petrobas The settlement will increase Teekay's fourth quarter revenue by $91m
Magnolia LNG project delay a minor setback for carrier market The final investment decision for Magnolia LNG is due in the first part of 2019
Asia-Europe ocean rates stabilise after September crash Asia-Europe rates are still sitting at less than 70% of their 2018 peak, despite a slight improvement in the past...
Broker Ed to be sold to BGC Partners BGC's insurance division was first established in 2017 when it acquired Besso Insurance Group, a Lloyd's broker with operations in...
Emas Offshore unveils potential bailout The deal could be worth as much as $73m and help relieve some of Emas' debt burden
Sulphur cap should prompt only negligible rise in consumer goods, says SeaIntelligence Consumers should expect a mere 39 cent rise in a $150 flatscreen TV or a 78 cent increase in a...
Kidnapped bulker crew reportedly released The bulker's owner, Geneva-based Massoel Shipping, has declined to comment
Ince & Co acquired by Dadds Group Shipping specialist founded in 1870 will now form part of wider corporate legal services practice
Criterion Underwriting launches in Singapore New entity will be led by former Munich Re Syndicate Singapore chief executive Jonathan Ranger
Daily Briefing 2020 sulphur cap enters final stretch | No-deal Brexit would boost UK container trades | The Lloyd's List Podcast: LNG's...
Sembcorp Marine wins $145m worth of renewables projects Firm breaks new ground with the deals, one of which will use proprietary design from a subsidiary
India's growing refinery capacity to spur demand for crude tankers Developments in new refining capacity are likely to be the main driving force behind the growth in crude import demand
Pangaea fleet hits 20 with Tamai bulker buy Ed Coll-led owner spends $13m on Oshima-built supramax with eye toward 2020 fuel efficiency.
Tanker oversupply plagues China Merchants Energy Shipping China Merchants' unit suffers from weak income from oil shipping.
China Shipbuilding Industry sees profit climb China Shipbuilding Industry Company Limited (CSICL) has posted stronger results for the first nine months of 2018, supported by a recovery in newbuilding markets and reduced financing costs. The Shanghai-listed flagship unit of China Shipbuilding Industry Corp, one of the two largest state-owned shipbuilding conglomerates in China, recorded a 28% on-year gain in net profit to CNY 1.42bn ($203m) i
Somali pirate vessel blown up EU Navfor destroys whaler used in attack on Golden Ocean's KSL Sydney.
Private equity foots bill for Texas crude terminal The first onshore export crude oil terminal capable of exporting VLCCs is coming to Texas' Gulf Coast with the backing of a major private equity firm. Trafigura project to bring VLCCs to Texas Corpus Christi raises funds to aid VLCC crude exports Monday, the Port of Corpus Christi Authority and the Carlyle Group announced an agreement that will see the Washington DC-based private equity firm co
Pirates seize 11 crew from Dohle boxship Nigerian gunmen strike again in raid on Pomerenia Sky.
VLCC rates on the rise with world scale 100 in sight Further demand from Saudi Arabia set to offer additional assistance to rates already at two-year highs, Morgan Stanley says.
Nakilat eyes more expansion as profit rises Qatari owner wants to diversify after adding shares in two LNGCs and an FSRU.
Exmar confirms deal to refinance LPG carriers Exmar Monday confirmed a refinancing deal for 10 LPG vessels. The sale and lease back transaction with Japanese counterparties was first reported by Tradewinds earlier this month. The transaction frees up $60m in cash ahead of fourth quarter closing. The Belgian shipowner received five of the 10 vessels today, with two more set for December and the remaining three expected in March 2019.
Teekay Offshore Partners settles contract disputes with Petrobras Teekay Offshore Partners has struck a near $100m settlement with Petrobras to end a contract dispute over two units. A third contract under contention, involving an FPSO, has also been resolved with the deal adjusted at a lower rate. Ingvild Saether, chief executive of Teekay Offshore, said: "We settled the contractual disagreements in a very constructive manner and we can now turn our full atte
EU pledges $342m to clean up oceans Cash will go towards plastics reduction and maritime security.
MISC wins $176m FSO conversion deal Malaysian owner to provide unit to Idemitsu Kosan for seven-year charter.
Union Maritime makes healthy profit on sale of last supramax Union Maritime is said to have sold its last supramax in a profitable deal that follows its purchase of five aframaxes from BP in September. US shipbrokers report the diversified UK shipowner has sold the 52,000-dwt Frognal (built 2005) to an undisclosed buyer. The Tsuneishi Heavy Industries Cebu-built bulker, which is due for special survey in August 2020, is reported sold for $10m. Galbrait
Eurobulk to boost bulker fleet Private Greek shipowning company said to have picked up a panamax bulker.
DNB slashes impairments in third quarter Lender sees modest improvement in oil and gas-related lending book.
Ulrichs steps down at Zeamarine Veteran of the Rickmer-Line seeks new challenges after takeover by Bremen-based Zeaborn.
Crewman killed in Navibulgar bulker fire Another seafarer injured on Balgarka at Varna Shipyard.
Okeanis Eco Tankers close to funding full VLCC orderbook Alafouzos-backed company inks two loans with existing lenders and predicts final piece of jigsaw to be in place next month.
Seaspan unveils two new hires as shakeup continues New York-listed boxship owner appoints former Maersk man as ship management head.
Paris MOU bans cargoship for three months Turkish vessel had inoperative lifeboats and emergency generator.
Tidemand's Stove and Eastern Bulk return to profit Two Norwegian bulker outfits turn around losses from 2016
Ince & Co bought by Gordon Dadds for $44m Company acquired by legal services group to create UK's largest listed law firm by revenue.
GEFO orders two more tankers in China Expanding German owner goes for bigger ships at AVIC Dinheng.
Bimco backs IMO HSFO carriage ban Owners organisation says move critical for enforcement of 2020 fuel rules.
Vitol imports first US LNG into UK's South Hook Commodity trader set to be first non-Qatari LNG tanker to use Welsh import terminal.
Pertamina linked to NYK tanker trio S&P deal Indonesian oil major continues its long-term tonnage buying relationship with Japanese owner.
Greek ro-ro runs aground atop a volcano Efforts are underway to refloat a Cretan Cargo Lines ro-ro stranded off Santorini
Sembcorp Marine wins Norwegian plug-in ferry newbuilds Battery-powered ro-paxes to serve on Norled's Hella-Vangsnes-Dragsvik route from 2021.
OOCL reports strong transpacific growth But Hong Kong liner firm unable to increase overall average revenue per teu compared to 2017.
Oil settles lower amid fears of economic slowdown, sanctions non-compliance Crude futures settled lower on Monday amid concerns of weaker global growth prospects and the possibility of oversupply after sanctions on Iran kick in.
Iran struggles to sell crude on domestic bourse Iran has sold 280 thousand barrels of crude oil out of 1 million barrels on offer through the domestic bourse
Brazil's Bolsonaro likely to advance oil-industry reforms Brazil's oil and natural gas industry will likely continue to see reforms aimed at luring investments and boosting production
US government abandons plan to add marine capacity for oil shocks: DOE official The US Department of Energy is no longer considering adding marine capacity to help move government crude oil to domestic refineries during a potential supply emergency.
West Med HSFO market feels pinch from arbitrage to Singapore Bunker suppliers and buyers in Algeciras and Gibraltar have struggled to locate fuel oil for November delivery amid an active arbitrage window east.
NWE LSFO lags behind HSFO despite backwardation in both markets The European fuel oil hi-lo continues to sit in negative territory as the 3.5% high sulfur fuel oil market storms ahead of low sulfur on tight fuel oil availability in northwest Europe.
Counter-seasonal swing into backwardation swamps European fuel oil market The European fuel oil market is hung in a counter-seasonal swing as the winter 3.5% FOB Rotterdam barge intermonth spreads price in backwardation.
FUEL FOR THOUGHT: IMO meeting eliminates doubts over 2020 delay If any doubts remained that tighter sulfur emission limits for ships in 2020 could be delayed or otherwise watered down, those doubts should have been laid to rest at a key committee meeting of the UN body last week.
External: Praxis Energy Agents DMCC
Japan's refinery outage rises to 14%; autumn turnaround season to come to a close soon This comes after Cosmo Oil said Monday it had shut the 86,000 b/d CDU at its Yokkaichi refinery for about 1-2 weeks for scheduled turnaround.
China's Chimbusco receives first US-origin fuel oil cargo in 2018 amid trade tensions Chimbusco's cargo does not attract any tariff because the US barrels will be kept within the bonded zone for bunkering to ships plying international waters.
ANALYSIS: Middle East crude slides on global risk-off sentiment "The market is correcting itself from the sharp levels seen last month," a China-based crude trader said.
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