Despina Panayiotou Theodosiou re-elected President of WISTA International
Increased vessel operating costs seen in 2019 & 2020
SCMT Regulations now effective from Feb. 2020
'We expect more growth on the India-Europe trade'
BASF to invest in Antwerp port production facility
Mumbai Port Trust lights up the Gateway of India on Oct. 31, 2019 to spread the message "Integrity - A Way of Life" on the occasion of Vigilance Awareness Week 2019
DB Schenker introduces autonomous robots in Leipzig warehouse
Seaways Shipping brings exotic animals for world class zoo near Statue of Unity
GeM partners with banks for payment-related services
Gross GST revenue of INR 95,380 cr. collected in Oct.
India will enter into FTAs on its own terms: Goyal
NTSB: Lube oil leak onto hot surface caused towboat fire The National Transportation Safety Board has issued a report on a September 12, 2018 incident in which a fire broke out aboard the 1968-built towing vessel Jacob Kyle Rusthoven while it was
The Lloyd's List Podcast: Why environmental protection will trump trade Environmental protection is ultimately going to trump trade, according to our podcast guest this week - the IMO's head of air...
Brazilian police link Greek tanker to major oil spill Police in Brazil carry out search and seizure warrants for a Greek company in Rio de Janeiro
PSA planning 7m teu mega hub in Gdansk In support of PSA's lofty ambitions, the Port of Gdansk Authority has also outlined plans to build 'Euro Central Port'...
DSV chief says Panalpina integration is 'on track' Integrated group expects to achieve annual cost synergies of about $343m
Dutch courts open up evidence gathering to actions from other jurisdictions 'Owners and managers, and also their insurers and lawyers, should be aware of the changing landscape, and not be taken...
Global Freight Awards will celebrate excellence in cargo shipping Awards ceremony to be preceded by forum on preventing misdeclared cargoes
IMO's pollution chief says environmental barriers will trump trade Edmund Hughes tells the shipping industry that environmental regulations are a 'different animal' when compared with most other regulated sectors...
Liquid market for LNG still looks some way off Certain traditional buyers are more concerned with energy security, and do not see as much value in promoting market liquidity
Howe Robinson expands US operations with acquisition The deal means that Howe Robinson will expand its dry cargo presence into the US market
The Interview: Lord Mountevans He's the grandson of a man who survived the Scott of the Antarctic expedition and went on to write the...
Brazil says tankers are likely cause of major oil slick The thick sludge, which naval officials believe has floated in from some 500 or 600 miles out at sea, has...
Capital Product eyes growth despite volatility from scrubber retrofits Nasdaq-listed owner of 10 boxships and one capesize bulker has completed the first of at least seven scrubber installations
Shipping's hydrogen future will need regulation Regulation will be needed if hydrogen is to play a role in shipping's decarbonisation
LNG progress offers lessons for future fuels While LNG has not made Maersk's shortlist for zero-emission fuels, its proponents have suggested renewable and synthetic production pathways
Shipowners seek to seize initiative as inevitable carbon levy looms Thought leaders at the Global Maritime Forum aim to make progress by working together across all industry sectors in order...
Daily Briefing Free to read: Fuel change likely to generate insurance claims, say clubs | Viewpoint: Getting what you pay for |...
Nokia hopes to break into 5G for ports in Malaysia 5G networks not only provide ultra-fast mobile broadband connectivity but also enable emerging applications such as the Internet of Things...
Fall in winter LNG spot prices pulls back shipping rates Demand in China, the growth engine for LNG demand, weakened for the first time in three years this October, Platts...
SembMarine gets Gulf of Mexico FPU contract from Shell Building the two FPUs together will take advantage of synergies at SembMarine's massive new yard facility in Tuas
Pacific Basin to raise up to $175m with bond sales The bonds will mature in December 2025 with a bondholder's put option in December 2023
Hydrogen will drive shipping's decarbonisation Price and availability will likely be decisive in determining the choice of future fuel
Seacor Island Lines names Charles Gittens as president Mr Gittens joins Island Lines with more than 15 years' prior experience with several firms dedicated to serving customers with...
US shipping defence coalition rolls out multi-pronged mission The International Maritime Security Construct is set to get underway with Operation Sentinel. The US-led, six-country coalition organised to ensure freedom of navigation in and around the Strait of Hormuz circulated a flyer in October outlining a mission involving ships large and small alongside aircraft. Japan to link with France in effort to diffuse Gulf tensions UAE signs up to the US-led Gu
Power struggle atop AMO union heads to federal court The union president's actions "are corrosive to all that union brotherhood stands for" its secretary alleges
US safety agency blames 'industry practice' for overturned liftboat The 15 crew members aboard the Ram XVIII were all evacuated without major injury
Panamax bulker rates fall amid 'combination of things' Freight rates for panamax bulk carriers have been on a steady decline over the past two weeks amid several factors, according to analysts. The Baltic Exchange Panamax Index shows a 21.5% drop in rates since 14 October to 1512. Meanwhile, time charter average prices for ships in the 82,000-dwt range have dropped 20.7% to $13,109 per day. Jefferies analyst Randy Giveans gave four reasons why rate
China's Social Security Fund takes 10% in Cosco Shipping The Chinese central government has initiated transfers of state capital to pension reserves amid an aging population
Venture capitalist Yariv Zghoul shuns shipowning as JiBe ERP expands Shipmanager Anglo-Eastern Univan says it has been won over by Zghoul's different approach to digital shipping
Oldendorff wins five-year deal for bulkers in Bangladesh German owner will import up to 4.5m tonnes of coal per year for BCPCL
Corroded and cracked cargoship kicked out by Paris MOU Two Turkish ships banned after failing multiple port state control checks
Seacor Marine sells North Sea emergency vessels Seacor Marine is selling its North Sea emergency response vessel business to the UK's North Star Shipping in a deal worth up to £23.5m ($30.3m). The New York-listed offshore player announced the 19-ship deal, expected to close in December, Friday morning. Investor Robotti urges Tidewater to merge again It will see North Star's parent company pay Seacor '19.5m up front, plus another '4m if certa
BW LPG exits large gas carrier segment with sale of duo Oslo-listed BW LPG is exiting the segment for large gas carriers by selling its last two ships in the category. The LPG carrier owner, which is controlled by Andreas Sohmen-Pao's BW Group, has sold the 59,000-cbm BW Nantes and BW Nice (both built 2003) to a Bahamas-registered LPG distributor, European gas carrier brokers said. The 16-year-old vessels are understood to have fetched some $33m each
Ince loses another lawyer as Fei Mao joins Keystone Shipping specialist added to UK law firm's expanding team
Solstad sells laid-up vessel while holding off debt payments Solstad Offshore has sold a laid-up platform supply vessel (PSV) and has agreed with bondholders to further postpone its debt payments. Solstad anchor-handlers win long-term contracts in Australia The Oslo-listed company has sold the 3,100-dwt Far Swift (built 2003) for an undisclosed amount to an unnamed buyer. VesselsValue.com estimates the Vard Brevik-built ship, which has been cold-stacked,
Iino: chemical tanker market to stay 'sluggish' as profit falls But Japanese owner was buoyed a little by LPG carriers and bulkers
Tanker scrapping down by half so far in 2019 Recycling of other vessels also lower after "very poor" three months, broker says
TNG makes more money in 'anaemic' MR market Croatian tanker owner says product sector recovered a little in second half of October
Modern Petrobras drillship attracts top dollar from scrap buyer Second auction succeeds in offloading Vitoria 10000 into India
Insurance and IMO 2020 set to hit ship operating costs Latest BDO Opcost survey confirms hardening P&I and hull insurance markets
Delta Tankers ship tied to oil spill at centre of Brazilian furore Data shows voyage of suezmax tanker in the fleet of Diamantis Diamantides-controlled shipowner matches description by police
Indonesia held Cosco boxship for a month over 'security concerns' Chartered Seaspan vessel was carrying 1,700 boxes from East Java
AIE looks to nearly double LNG shipments into Australia Developer of country's first LNG FSRU import facility aiming to bring in another 20 cargoes
Newcastlemaxes set to make Colombian coal more competitive Arrival of Oldendorff bulker at Puerto Bolivar could help country to sell more coal to Asia
Yangzijiang scoops Navibulgar Great Lakes newbuildings Chinese shipbuilder wins repeat business from expanding Bulgarian shipowner
Sembcorp Marine lands Shell's Mexican Whale Singapore yard says new contract will take advantage of synergies from ongoing Shell Vito FPU project
FreightWaves adds DHL Supply Chain Pricing Power Index and Daily Estimated Miles Driven! We are regularly enhancing and improving SONAR to meet the needs of the ever-changing freight market and the needs of our customers. To help keep...
DOWN UNDER TRUCKING: garbage trucks go electric Signs of the impending transition to electric vehicles continue to gather apace. The authorities in the Western Australian City of Fremantle are trialing an electric...
FreightWaves oil report: struggles in the oil patch aren't getting any easier Debt loads are high, prices are stuck and new capital is reluctant to move into the space.
FUTURES 5: Crude settles higher on US-China trade talks, bullish economic indicators Crude futures settled higher Friday, following gains in equities on news that the US-China trade negotiations were progressing, and on more bullish economic indicators.
Singapore's residue stocks rise 5% on week as imports recover Commercial onshore residue stocks in Singapore rose 4.99% week on week as imports from the Middle East, the Americas and Europe increased, although no imports were received from Russia for the second consecutive week.
ARA fuel oil stocks up marginally on week amid poor arbitrage economics Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp region were up marginally for the second consecutive week in the seven days to Wednesday to 1.022 million mt, Insights Global data showed, amid poor arbitrage opportunities.
ICE Nov Singapore HSFO open interest dips 5% on waning demand ahead of IMO Open interest for front-month November Singapore high sulfur fuel oil contracts on the Intercontinental Exchange fell as demand for HSFO continued to dwindle ahead of IMO 2020.
NWE bunker fuel traded in Platts MOC hit four-month high in October Fuel oil volumes traded in the Platts Market on Close assessment process for 3.5% FOB Rotterdam barges were up 51% month on month in October, as market participants said there was tight availability on the prompt.
Activity in 0.5% marine fuel barges spikes in Platts MOC ahead of IMO Interest in 0.5% marine fuel barges spiked in October based on indications seen in the Platts Market On Close assessment process, as shipping market participants around the world prepare for the IMO 2020 sulfur cap regulation.
MARINE FUEL 0.5%S: MOC grows in line with increased marine fuel demand Traders said demand from shippers had yet to kick in for LSFO, and while some shipowners had begun transitioning some of their vessels to using IMO 2020-compliant fuel, most owners were heard to be trying to continue using HSFO as far into December as possible.
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