Intercargo: Liquefaction still a major risk for dry bulk No loss of life or ship from liquefaction reported in 2018, but the preceding decade saw more than 100 lives...
Adapt to new finance trends, shipowners told Ship finance conference in Greece hears that the ship finance landscape may have changed for good but that 'corporate', 'green'...
Turkey ratifies ship recycling convention Turkey's accession adds to the IMO convention's chances of ratification but crucial states are still missing
Kirby Corp to acquire 99-vessel fleet Cenac's fleet moves petrochemicals, refined products and black oil on the Mississippi River, its tributaries and the Gulf Intracoastal Waterway
CMA CGM supports CEVA valuation CEVA shareholders would be better sticking with the company rather than selling out for the price offered by CMA CGM
Tanker market buoys Capital Product results A rebound in product and crude sectors has helped Nasdaq-listed Capital Product Partners to better-than-forecast profits ahead of the spin-off...
Hutchison Ports opens terminal in Thailand The Hong Kong-based port operator is still eyeing more capacity-building opportunities in Southeast Asia's second-largest economy
Fleet fundamentals support feedermax values The lower cost of secondhand tonnage and rising demand means feedermax vessels could make a smart asset play
UK haulage rates facing a perfect storm Lack of capacity and port congestion help to drive up costs
Norden gets 10-year Indian coal deal from Sembcorp The shipowner will move coal from Indonesia and South Africa to India until 2029
Team Lines to cease trading Demise of Team Lines confirms pace of consolidation in feeder segment, with Unifeeder acquiring IMCL in 2010, Feederlink in 2012...
Swedish dockworkers issue notice of more strikes The SDU has informed employers that workers will down tools intermittently at port facilities in Sundsval, Holmsund and Karlshamn from...
MSC crew freed after Gulf of Guinea ordeal Kidnapped crew members returned home after a month in captivity
Viewpoint: Endorse the port BIMCO's vetting of facility quality at dry bulk terminals would benefit the rest of the industry if it were to...
Hyundai Heavy to acquire DSME from Korea Development Bank KDB chairman Lee Dong-gull says the deal will 'raise the fundamental competitiveness of Daewoo, at a time when the threat...
Daily Briefing PDVSA sanctions threat could curb tanker upside | American Club urges caution over Venezuela sanctions | DSME gets approach from...
Fleet fundamentals support feedermax values The lower cost of secondhand tonnage and rising demand means feedermax vessels could make a smart asset play
UK haulage rates facing a perfect storm Lack of capacity and port congestion help to drive up costs
Norden gets 10-year Indian coal deal from Sembcorp The shipowner will move coal from Indonesia and South Africa to India until 2029
Team Lines to cease trading Demise of Team Lines confirms pace of consolidation in feeder segment, with Unifeeder acquiring IMCL in 2010, Feederlink in 2012...
Swedish dockworkers issue notice of more strikes The SDU has informed employers that workers will down tools intermittently at port facilities in Sundsval, Holmsund and Karlshamn from...
MSC crew freed after Gulf of Guinea ordeal Kidnapped crew members returned home after a month in captivity
Viewpoint: Endorse the port BIMCO's vetting of facility quality at dry bulk terminals would benefit the rest of the industry if it were to...
Hyundai Heavy to acquire DSME from Korea Development Bank KDB chairman Lee Dong-gull says the deal will 'raise the fundamental competitiveness of Daewoo, at a time when the threat...
Daily Briefing PDVSA sanctions threat could curb tanker upside | American Club urges caution over Venezuela sanctions | DSME gets approach from...
Japan's big three remain cautious NYK sees the tanker market remaining firm and both the LNG carriers and offshore businesses are expected to maintain high...
MOL reorganises for better safety and service The goal is to establish MOL as "the world leader in safe operation", the company says in a statement
Hong Kong tests emission-sensing drones The system can produce results within minutes while scanning emissions from as far as 50 metres from exhaust plumes
ONE posts better-than-expected results Revenue topped $3bn in the three months, during which the company lifted 1.1m teu on the transpacific trade and 757,000...
Cosco Shipping Holdings rallied in fourth quarter The state-owned shipping giant said its container lifts and port throughput increased substantially year on year
Wood Mackenzie predicts slower growth for FLNGs Lacking economies of scale, FLNG projects are likely to be limited to small scale and remote locations as they compete...
Product tanker market to face bumpy road into second quarter The second half of this year should fare better than the first six months, says Concordia Maritime's chief executive Kim...
Port of Savannah had another record year The first half of the port's expansion project was completed in 2018 as it finished work on dredging the outer...
Gil Ofer launches MaritimeTech Accelerator programme The mentorship-driven start-up accelerator partnership will be the first of its kind to target the maritime industry
Turkey joins list of states ratifying ship scrapping convention Instrument deposited at IMO as country formalises commitment to green recycling
Navios Partners reveals $199m in finance deals as profit slumps
Qatar's $11bn newbuild plans show scale of LNG ambitions Confirmation the Middle Eastern state is looking to build 60 LNG vessels reflects the increasing importance of natural gas in global energy trade and shipping
SWS ends its VLCC drought with order from CSSC Leasing CSSC's leasing arm inks four newbuilds on speculation as Chinese yard hails first VLCC order since 2014
CMA CGM lines up 10-strong boxship contract in China French liner giant appears to be hedging its bets on the all-important 2020 fuelling choice
Eastern Pacific launches tech start-up hunt in Singapore
Capital Product Partners rides rate surge back to profit
UASC cash paying off Hapag-Lloyd bond early
Maersk Tankers sells veteran as newbuildings deliver
Novatek's Arctic LNG ambitions grow
As China strengthens, is HSH shift a goodbye to German ship finance as we know it? With Germany in retreat from ship lending, rebranding of HSH to HCB could be more than just a change of letters
Azuma Shipping sees profit fall
Essar Shipping cuts loss as lid kept on costs
Kirby buys Cenac Marine Services fleet of inland vessels
Rising bunker costs hurt Cosco's container and heavylift units Cosco Shipping Holdings and Cosco Shipping Specialized Carriers both expect to report heavy falls in 2018 net results.
Brittany Ferries' new LNG ro-pax delayed at FSG
Ineos aims to expand fleet of Dragon-class gas carriers UK-headquartered petrochemical producer says midsize ships will be needed to move US cargoes to Belgium
Sovcomflot poised to order first ship for Arctic LNG 2 Battle rages over whether project developer Novatek will choose either Chinese or South Korean yards as the technology partner for its next ice-breaking LNG carriers
Lawsuits and bankruptcies see investors target governance US-based companies try to separate from the pack in an industry with a poor track-record on good standards
DSIC's offshore unit enters court-ordered restructuring A local court has deemed the offshoot of state conglomerate China Shipbuilding Industry Corp unable to meet debt obligations.
Tufton Oceanic Assets bullish on investment opportunities
Iino paying special dividend bonus for 120th anniversary
Tanker king Fredriksen injecting $100m into Norwegian Air Shuttle
HHI seeks Samho listing as loss bigger than expected
Eastern Pacific strikes $730m charter deal with CMA CGM Newbuilds locked into 10-year deals at estimated $40k per day
Viken Shipping confirms sale of elderly LR2 tanker trio
Venezuela warning: tanker trades face chaos as Caracas unravels Vessel owners face heightened risks in dealing with state oil company PDVSA - whose operations are worsening by the day
Cerberus set to become top dog in German ship finance But shipowners voice concern as hedge fund poised to become Germany's leading financier
Energy majors forge path on projects for LNG-fuelled VLCC newbuildings Price premium, trading range and infrastructure availability are likely to be key determinants in uptake for large tanker projects
Dof fixes out PSV pair as market heads 'in the right direction' Timecharters for Oslo-listed owner continue trend of vessels leaving lay-up and returning to work.
Dof fixed out PSV pair as market heads 'in the right direction' Time charters for Oslo-listed owner continue trend of vessels leaving lay-up and returning to work.
Tanker partially submerged after hitting rocks
NYK gloomier on bulkers as it posts loss
Tankers drag Stolt-Nielsen profit below forecasts
K Line turns red as boxships struggle
KDB pressing ahead with mega-merger of world's two largest shipbuilders Korean state lender confirms plans to sell its DSME stake to Hyundai Heavy Industries.
Rates continue to soften for LNG units amid slow trading
Evalend signs up for VLCC newbuilds at Hyundai Heavy
Transmed to cash in on kamsarmax newbuildings
Upgrade by S&P Global gives Swedish Club extra credit Boss Lars Rhodin says credit rating will open up new markets for the mutual as it steps up cross-selling of services
MOL unifies shipmanagement as profit falls
KDB signs conditional deal to sell DSME to Hyundai Heavy Korean state lender says proposal would include liquidity support of $2.25bn for restructured shipbuilder; approach also to be made to Samsung over potential merger.
Kumiai drops oldest VLGC as it gears up for newbuilding
Anchor fund backs NYK Line's ambitions to grow cruise line Investment fund Anchor Ship Partners to help shipping giant finance development of its Asuka brand
China orders first speculative LNG carrier newbuildings
EMAS Offshore CFO jumps over to Atlantic Navigation Hsu Chong Pin is shifting to the UAE as part of a management renewal that has been underway since new shareholders came on board last July.
SK Shipping in first capesize scrap deal of the year
ONE says third-quarter loss was smaller than forecast The joint venture of Japan's three largest shipping companies said it benefited from the rush to get cargo into the U.S. ahead of threatened tariff increase.
Canada inclined to wait on U.S. before passing USMCA, CEO says The CEO of the Canadian Chamber of Commerce said Canadian Parliament will likely want to see how legislative consideration of the pact shakes out in the U.S. first; Mexico seems willing to move more quickly, former deputy USTR says.
Commentary: Patience tried by export license backlog Now is the time for export compliance officers to explain to senior management the reasons for the delays in BIS and hold the line on compliance.
C.R. England increases driver pay again
Executive Moves: BluJay, OmniTRAX Energy Solutions
Rotterdam puts Internet of Things platform into operation
Crude futures diverge after US production reports swings WTI into negative territory Crude futures retreated from session highs in afternoon trading Friday and settled mixed after rising US production estimates stoked market concerns of a supply overhang in 2019.
Rare jet cargo heads to NY harbor amid weakness in Med A Medium Range tanker, the Nave Capella, loaded 35,000 mt of jet fuel from Augusta, Italy, and was heading to New York Harbor in a rare move, according to S&P Global Platts trade flow software cFlow Thursday.
Enterprise seeks US approval for deepwater Texas port to load VLCCs in 24 hours Enterprise Products Partners is in the process of securing federal approval to build a deepwater crude export terminal off the coast of Texas with the capacity to load VLCCs within 24 hours, CEO Jim Teague said Thursday.
Cargoes of Venezuela-bound US diluent halted by Trump administration sanctions Several cargoes of US diluent bound for Venezuela were abruptly halted Tuesday following the Trump administration sanctions on PDVSA, sources said.
Gibraltar bunker market braces for rough weather The ports of Gibraltar and Algeciras are expected to close late Thursday because of bad weather forecast to arrive later, the port authorities said, affecting bunker fuel market operations.
M100 fuel oil cargo sold to US Atlantic Coast due to US-Venezuela sanctions A cargo of Russian M100 fuel oil was sold for loading into the US Atlantic Coast, multiple sources said Thursday.
US Sanctions on Venezuelan oil industry pushes Houston ex-wharf IFO 380 to monthly high US sanctions on exports of crude and crude products from Venezuela were seen priced into Houston IFO 380, bunker sources said.
JAPAN DATA: Japan takes record US crude oil in 2018, imports 199,138 b/d in Dec Japan imported a record 199,138 b/d of crude oil from the US in December and the total US crude shipments in 2018 reached an all-time annual high, allowing the North American producer to break into the top 10 supplier list for the first time last year, according to data released Thursday by the Ministry of Economy, Trade and Industry.
India in talks with US on extension of Iran oil waivers: official India is in talks with the US to extend a waiver permitting it to continue importing Iranian oil after March, an Indian oil ministry official said Thursday.
External: Global Risk Management
Singapore HSFO swap cracks at year-to-date highs on tightening supply Front-month February FOB Singapore 180 CST HSFO/Dubai swap crack spread was assessed at 77.4 cents/b as of 4:30 pm Singapore time (0830 GMT) Wednesday, the highest since December 10 last year.
Iran tries to find more buyers for oil sales on domestic exchange to bypass sanctions The bourse, which Iran has used to sell its crude in the face of US sanctions on international sales, will also be used to offer gas condensates.
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