American Club unveils senior management promotions Dorothea Ioannou has been appointed chief commercial officer of Shipowners Claims Bureau, leading several executives stepping up to increased responsibilities...
EU Navfor to move to Spain and France due to Brexit The EU's Indian Ocean naval operation is extended until the end of 2020
Fellowship Blog: Our intern reveals what goes on behind the scenes at Lloyd's List Find out what it's like to work in shipping journalism by following our new intern
Australia releases bulker detained over crew payments Australia has banned four vessels in a year for underpaying crew
Tufton Oceanic eyes more vessel purchases Tufton Oceanic Assets, the shipping investment fund that listed in London in December, is 83% invested so far
Environmental impact of grounded ship off Sweden revealed The Swedish coast guard claimed some of the spilt oil reached Flatvarp
Ichthys to begin exporting condensate, LNG and LPG by the end of September Australian offshore project will ship condensate, LNG and LPG in that order
Box carriers struggling to improve schedule reliability Service reliability picks up from dire first quarter but remains poor
True impact of China-US trade war to be felt in next year's peak season Long-term effects of a trade war could be 'transformational'
Cosco declares global networks 'safe and stable' after attack Shipping line 'working at full stretch to process all the service requests received previously, and the service response is expected...
Daily Briefing Aramco's halt of Bab el-Mandeb shipments could hit Bahri ops | OOCL to be led by two chief executives |...
Petronet proposes $1bn LNG terminal in Bangladesh The project is likely to be completed within 42 months from the date of approval, Petronet chief says
Seoul to provide leaseback support for 10 domestic carriers Daebo International Shipping, Dong-A Tanker and DM Shipping are among the selected sellers
Contaminated bunker fuel makes its way to Singapore Singapore is the latest victim of contaminated bunkers following previous reports of adulterated fuel affecting up to 80 ships in...
OOCL revenue growth slows in second quarter Average revenue per teu edged down by 0.6%, a reflection of weaker freight rates
Wintermar narrows loss for first six months Jakarta-based offshore player sees higher revenue in first half of this year on turnaround in high-tier vessel segment.
Cyber security among Coast Guard's top troubles US Coast Guard (USCG) annual report highlights digital threat three days after California port hit by cyber-attack.
Eidesvik CFO resigns Thor Krukhaug takes 'leading' post in a finance group, according to a news brief published by the Oslo Bors.
EU's anti-piracy HQ to move to Spain post Brexit London to lose EU NAVFOR centres to Spain and France after Britain leaves the bloc next year.
American Club names new leaders New York-based American P&I Club creates four new C-level positions to handle growing membership.
Morgan Stanley selects shipping stocks to skirt trade war A pair of LNG equities, two tanker owners and a container specialist make the bank's cut.
Diana capesize bulker in $2.88m deal with Koch New York-listed bulker owner continues to fix out ships at stronger rates.
Singapore Shipping boosted by agency and logistics Drydocking hits shipowning but SGX-listed owner benefits from mounting cash flows
HNA Group arm ends shipping investment projects More bad news for staff who have put money into Chinese group.
Global Ship Lease sees lower profit New York-listed containership owner brings in less revenue following contract renewals for four vessels.
Genting Hong Kong cuts half-year loss Star and Crystal Cruises operator trims expected deficit as core passengership activity improves
Milaha carries impairment on path to higher profit Bottom line picks up despite one-off change against some of the company's ships.
AET scraps two oldest aframax tankers Demolition deal prices South Korean-built tankers at almost $15m.
Polar bear shot after attacking cruiseship guard Injured man airlifted for treatment after suffering head injury.
Teekay Shuttle Tankers sends veteran for scrap Company's oldest ship has arrived in Alang for demolition, sources say.
MOL launches virtual reality ship visit tool Japanese giant takes another step forward in use of VR technology.
Transocean Maritime Agencies moves into tanker market Monaco-based bulker owner has snapped up a medium range product tanker, brokers say
Hadjiyiannis resumes tanker shopping spree Cypriot owner's Hellenic Tankers snaps up VLCC Nichioh and product tanker River Eternity
Capital Product Partners 'in talks' over scrubber retrofits Discussions with both charterers and manufacturers are developing, says Jerry Kalogiratos.
Strong LNG ordering boosts GTT net profit LNG cargo containment system designer also reports stronger growth in royalty revenues.
Corpus Christi raises funds to aid VLCC crude exports Proceeds from US port's bond sale to go towards ship channel improvement project.
Arms export controls earn India license exception The Bureau of Industry and Security (BIS) has adopted a strategic trade authorization Tier One (STA1) export license exception policy for India, Commerce Secretary Wilbur Ross said during the Indo-Pacific Business Forum at the U.S. Chamber of Commerce in Washington, D.C., on Monday. The United States usually only reserves STA1 license exceptions for countries that are members of the four multilat
Maritime History Notes: The world's largest schooner
Costamare profits sink 38 percent in Q2 Costamare Inc. in the second quarter of 2018 saw its net income plummet nearly 38 percent to $14.3 million compared with the same three-month period the previous year, according to the company's most recent financial statements. The Athens-based containership owner and lessor posted earnings per share of $0.06, compared with $0.18 in second quarter 2017, as voyage revenues declined 13.8 percent t
DB Schenker earnings grow on higher volumes DB Schenker, the freight forwarding and logistics subsidiary of German rail conglomerate Deutsche Bahn AG, saw its earnings before interest, tax, depreciation and amortization (EBITDA) grow 3 percent to $314 million euros (U.S. $367.9 million) in the first half of 2018, according to the company's most recent financial statements. When adjusted for changes in foreign currency rates, revenues at th
Spot rates on the rise, but tariff risks remain Container freight rates showed some positive momentum last week after carriers cut capacity in the major east-west trade lanes, according to two of the primary indices for measuring spot market pricing. The Shanghai Shipping Exchange's composite Shanghai Containerized Freight Index, which aggregates spot rates on 13 different outbound trades from Shanghai, jumped 8.8 percent on a sequential basis
CEVA announces pricing of notes offering Global third-party logistics provider CEVA Logistics AG announced Monday that as part of its previously announced refinancing, its subsidiary, CEVA Logistics Finance B.V., has priced a private offering of 300 million euros (U.S. $351.5 million) in aggregate principal amount of senior secured notes due 2025 with a coupon of 5.25 percent per year on Friday. CEVA said the notes will be sold at an is
COSCO networks 'safe and stable' after cyberattack China's state-run COSCO Shipping Lines said Monday its network applications in the Americas have been completely recovered after the company's operations had been hit by a cyberattack last week. "All communication channels, including telephone, email and electronic data exchange, have been restored," COSCO said. The cyberattack had resulted in network failures in the United States, Canada, Panama
Turkon joins INTTRA carrier network INTTRA, the ocean shipping information portal, said Turkon Line has joined its network. "We are pleased to welcome Turkon to our growing network, connecting over 30,000 shipping companies to more than 60 carriers," said Inna Kuznetsova, president and COO of INTTRA. "We look forward to growing our partnership in e-commerce with Turkon, enabling a higher level of customer service and cost reducti
Gilman to be nominated Commerce CFO President Trump on Friday announced his intention to nominate Thomas F. Gilman to assistant secretary and chief financial officer of the Commerce Department. The role is currently being filled by Lisa Casias, deputy assistant
Trump says he's willing to meet with Iran's Rouhani, as oil sanctions loom US sanctions in Iran expected to remove up to 1 million b/d of global oil supply
Analysts look for further tightening in US crude inventories
Novorossiisk braces for strong winds, bunkering operations continue for now
NWE M100 prices rise on strong fuel oil blending needs: sources Backwardated HSFO market currently lacks supply, leading to straight-run demand.
Fuel oil has an unexpected and timely renaissance Market strength due to lack of supply, but will likely be short-lived due to impending regulations.
Unladen Saudi VLCC crosses Bab el-Mandeb despite temporary halt
France's GTT H1 2018 marked by uptick in vessel orders It received 18 LNG carrier orders.
Singapore 380 CST HSFO swap spreads jump to fresh year-to-date highs on low stocks Traders said the draw of Singapore's fuel oil stock was bigger than expected.
FUEL FOR THOUGHT: When oil prices rise so does interest on Capitol Hill But US lawmakers say they are not to blame for bullish oil prices.
- 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
