Gold Star Line & SARJAK Container Lines in joint liner break-bulk service from West Coast of India to Middle East
IWAI launches portal for real-time information on available depth on stretches of National Waterways
Juxtaposition & collation of Indian arbitration system vis-à-vis the rest
Maersk pilots containerised cargo movement through inland waterway on the Ganga; deploys 16 boxes from Varanasi to Kolkata on the recently inaugurated multimodal terminal on National Waterway-1
Mukesh Oza, Shantanu Bhadkamkar & Ramesh S. Ramakrishnan conferred with NMIS Honorary Fellowship
Major Ports handle 86.51 mt of thermal coal from April 2018 to Jan. 2019
Port of Antwerp reinforces engagement with India with extensive line-up of delegates for visit this week
Tata Motors along with Tata Motors Finance Group enters into strategic tie-up with Kool-ex Cold Chain
BHP-MALA 2019 International Conference & Awards sees participation from India & abroad
Changing trends in logistics to be deliberated upon in detail at Conquest 2019 - Business Forum on Feb. 22 in New Delhi
Ricaurte Vasquez named next Panama Canal Administrator The Panama Canal Board of Directors today announced the appointment of Mr. Ricaurte Vasquez as the next Panama Canal Administrator. He will take office on September 4, 2019, succeeding current Administrator Jorge
Excelerate and Equinor complete first Bahamas ship-to-ship LNG transfer Excelerate Energy L.P. and Equinor Energy AS have completed the first ever ship-to-ship (STS) transfer of liquefied natural gas (LNG) in the Bahamas. The transfer took place February 7. Utilizing Excelerate's floating
AHTS delivery completes Maersk Supply Service Fleet Renewal program Maersk Supply Service has taken delivery of Maersk Maker, the final vessel in its Starfish AHTS newbuilding series, from Norway's Kleven shipyard. The vessel's arrival completes Maersk Supply Service's Fleet Renewal Program,
NTSB reports on engine room fire on 50-year old towboat The National Transportation Safety Board has issued a report on a December 2017 engine room fire that forced the crew of a 1967-built towing vessel to evacuate the vessel, which incurred an
MAN Rollo to supply engines for new pilot boat Zoetermeer, Netherlands, headquartered MAN Rollo is to supply two MAN diesel engines, each developing 882 kW at 2,100 rpm, for a new pilot boat, which is being built for the Dutch Pilotage
Tanker operator fined $2 million in pollution case Limassol, Cyprus, headquartered Interorient Marine Services Limited has been fined $2 million and sentenced to four years probation after being convicted February 13 in the Western District of Louisiana, for maintaining false
Diana sells two panamaxes to affiliated parties Disposals should be seen in context of strategy to phase out older tonnage and repurchase stock 'at a discount'
TEN confirms order of suezmax pair The Greek tanker owner's latest deal, which is believed to be with Chevron, could yield revenues of up to $300m...
What next for Lloyd's marine insurance? While underwriters have been heard to talk tough before, diminished capacity may mean that this time round they can make...
Sanctions on Venezuela start to bite Shipowners are less exposed to sanctions if they are not dealing with PDVSA directly, but there can be operational and...
Communication failures behind MSC Flaminia casualty Judgment on liability for explosion and fire points to shipper's failure to warn of dangerous condition of cargo ahead of...
IMO chief pledges to improve casualty reporting record Kitack Lim tells Lloyd's List he will put in more effort so the body can point to a stronger track...
HHIC-Phil reaches debt agreement Debt-ridden Hanjin Heavy Industries and Construction is also negotiating with South Korean creditors on a solution
DSV raises bid for Panalpina The shake-up in the logistics world order continues as Panalpina looks for its own opportunities
Oceanic Breeze delivers first Ichthys LNG cargo The 79,883 dwt LNG carrier, owned by a 70:30 joint venture between Inpex Shipping Co and Kawasaki Kisen Kaisah, is...
Surge in box traffic waning at US west coast ports Throughput could decline steeply, especially if the Trump tariffs are inceased to 25% on March 2, says consultant
BP sees global LNG trade doubling by 2040 Global LNG trades are forecast to grow to 900bn cu m by 2040 from 400bn cu m in 2017, according...
Daily Briefing 'Cool Company' launch stalled due to LNG spot market slump | The Interview: Anastasios Papagiannopoulos | Viewpoint: A flag for...
The Interview: Anastasios Papagiannopoulos BIMCO's president talks about his confidence in meeting the 2020 sulphur cap and why Greece has yet to take full...
The Lloyd's List Podcast: The most influential person in shipping Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
Bill Thomas appointed new Clarksons chair The Spirent Communications chair succeeds acting chairman Ed Warner
Nordic American Offshore avoids having to swallow poison pill Canadian investor exempt from 15% shares ceiling.
Vasquez to take helm at Panama Canal Ricaurte Vasquez will take the reins of the Panama Canal Authority this fall, the organization announced Friday. Vasquez will take over as Panama Canal Administrator 4 September, replacing Jorge Quijano who held the post for seven years and spent a total of 40 years with the waterway. "We are committed to ensuring that Mr. Vasquez acquires the knowledge and expertise required for a smooth transi
Oaktree Capital, Goldentree Asset up stakes in Eagle Bulk Oaktree owns more than one-third of the New York-listed bulker owner.
Wilh Wilhelmsen in the red for fourth quarter Wilh Wilhelmsen "took a beating" in the fourth quarter according to its chief executive, posting a NOK 345.7m ($40m) loss. The Oslo-traded company said maritime services did well, but marine services took a hit and "a substantial change in fair valuation of the group's investments". Wallenius Wilhelmsen eyes dividend after profitable quarter Analysts at DNB Markets said while impairments at Sur
Diana Shipping eyes $24.7m from panamax sales, charters Simeon Palios-led bulker player plans to offload two ships while chartering two others into 2021.
GasLog executives strike confident note on newbuilding contracts and funding Peter Livanos-backed GasLog is confident of securing long-term charters for its two open newbuildings and landing finance for its full orderbook. GasLog: Korean shipyard mega-merger will drive up LNG newbuilding prices GasLog talks up record fourth quarter results GasLog has nine vessels on order, with most of the ships set to join Shell, Centrica or Cheniere following delivery. One ship set t
Maersk Supply completes fleet renewal with future ownership still in question The Danish owner has a young, valuable fleet of OSVs, but parent's plans for the company remain unclear
BULL buys Pappas product tanker as fleet expansion plans kick off Indonesian tanker operator pushes growth agenda as it adopts a bullish stance towards the country's oil transport sector
Zvezda Arctic LNG 2 newbuild subsidies could hit $875m A new series of LNG carriers to be built in Russia for the Arctic LNG 2 project could attract state subsidies of up to RUB 60bn ($875m). This is according to a "consortium" letter to the ministry of industry seen by the Kommersant daily. Sovcomflot poised to order first ship for Arctic LNG 2 Novatek reserves slots for 14 Arctic LNG carriers worth $4.45bn The report claims each of up to 15 plan
GasLog: Korean shipyard mega-merger will drive up LNG newbuilding prices No reduction in berth space but values may already be increasing, chief executive says
Seabrokers: feast or famine for OSV owners Norwegian broker Seabrokers said rate spikes this year may be giving anchor-handler (AHTS) owners hope that better times lie ahead. But it warned that the market remains volatile and it is likely to be more a case of "feast or famine" rather than a sustained recovery. Freezing order upheld as Russian owners fight over OSV charters OSVs drive impairment charges to $741m at ABN Amro "While 2018
ONE claims new teu loading record from Maersk Japanese container line ONE claims to have loaded the most boxes ever on one vessel. Its 20,146-teu MOL Tribute (built 2017) took on 19,190 teu earlier this month, it said. The previous world record was reported as 19,038 teu on Maersk Line's 20,568-teu Mumbai Maersk (built 2018) last August. The MOL Tribute is deployed on ONE's Far East Loop 2 service for THE Alliance line grouping. It achiev
Equinor extends charter of JJ Ugland shuttle tanker Norwegian oil major Equinor has extended a charter for a JJ Ugland shuttle tanker. The shipowner said the 126,000-dwt Vinland (built 2000) will remain with Equinor for another six months. This will take it up to November 2019. There are also further options to stretch the deal until August 2020. The vessel is operating in the North Sea, the company said. JJ Ugland signed the original charter
German entrepreneur snaps up big stake in ailing Flensburger Liquidity crisis at ferry shipbuilder eased as Sapinda and Siem inject funds
Suez Canal extends toll rebates for bulkers Egypt's Suez Canal Authority (SCA) is keeping a bulker rebate in force until the end of this year. It said the move was part of paying more attention to its "users' best interest" and was made after "considering the new changes in the global shipping market, and world economy". The fee rebate applies to ships operating between ports in the Americas and in Asia. US Coast Guard warns of GPS outag
Morgan Stanley downgrades Tsakos Energy Navigation as debt repayments rise A focus on debt repayments and short-term weakness in the tanker market have led Morgan Stanley to downgrade shares in Greek shipowner Tsakos Energy Navigation (TEN). Analyst Fotis Giannakoulis dropped the stock to equal weight today, suggesting the upcoming refinancing of preferred stocks and high debt repayments could eat into the company's liquidity. Greeks emerge as net buyers in sale-and-pu
Greek manager says nothing wrong with 'banned' rice cargo A Greek shipmanager has said there is nothing wrong with a cargo of rice "banned" in two West African countries. CSAV ruling gives shippers advantage in cargo damage cases The BBC reported that the authorities in Guinea and Togo had branded 18,000 tonnes of rice from Myanmar on the 51,000-dwt cargoship Oceanprincess (built 1999) as "unfit for consumption". It cited a note from the Togolese mini
Robert Bubgee talks sibling shareholdings and tactical time charters Scorpio Bulkers unlikely to sell stock in tanker stablemate, while product giant won't be signing period deals for economic reasons.
Chopped Maersk Honam section heads to HHI The viable stern section of the fire-ravaged Maersk Honam is en route to South Korea to have a new bow fitted. The rear part of the 15,262-teu boxship (built 2017) was loaded onto Cosco's 98,000-dwt heavylift ship Xin Guang Hua (built 2016) off Dubai on 2 February. Maersk Line said it is now in transit and is expected to pass Singapore on Monday. The 228.5m section will be delivered next month
Changdao Xianglong returns to Jinglu for ro-pax Chinese owner Changdao Xianglong has headed back to the domestic Jinglu Shipyard for a new ro-pax. Brokers said the 2,000-passenger vessel will be ready in 2020. No cost was given for the contract. The Shandong shipowner's three existing ferries were delivered from Jinglu in 2017. The yard is also building bulkers for Chartworld and Laskaridis.
Hellenic Tankers completes lucrative VLCC asset play with Nathalin deal Brokers say subjects have now been lifted and new price benchmark can be pencilled in.
Number of Cyprus-based owners doubles as Greek link mooted Cyprus' deputy minister for shipping has revealed the number of companies setting up headquarters there has nearly doubled in six years. Natasa Pilides told AP the numbers are a testament to its growing appeal as a maritime business hub. She said there are currently 203 shipping companies operating under tax-resident status in Cyprus, 100 more than in 2013. More are doing business there, but are
Hanjin strikes debt-swap deal for Philippines yard South Korea's Hanjin Heavy Industries & Construction has agreed a debt restructuring deal for its Philippines shipyard. Hanjin Heavy stock suspended as loss hits $1.2bn It said on Friday that the rescheduling agreement with creditors will be submitted to a local court by the end of February, the Yonhap news agency reported. The Subic Bay yard, HHIC-Phil, filed for rehabilitation in January afte
Aqualiner orders ferry double at Rodman Polyships Expanding Dutch owner Aqualiner has contracted two more new ferries. It has opted to build the 248-passenger vessels at Rodman Polyships of Vigo, Spain. They will be delivered in September this year for an undisclosed cost. The owner has one ferry in operation, which was built at Damen Antalya in Turkey in 2017. Three more are due from the yard this year. Rodman is also building seven ferries
Angelicoussis back at DSME for more LNG tonnage South Korean shipbuilder continues to bag newbuildings ahead of marriage with Hyundai Heavy
Schulte Group distances itself from supramax arrest German shipowner says legal woes plaguing the Universal Bremen in Singapore are the problems of the charters.
Marco Polo Marine slashes the red ink in first quarter But restructured offshore vessel company still hurt by weak rates and lack of newbuilding demand
APL Vancouver en route to Singapore for discharge Fire hit containership allowed to sail from Vietnam, expected to come alongside on Monday
Panalpina in talks with Agility as DSV sweetens its offer The Swiss forwarding company Panalpina and Kuwait-based Agility talk "partnership opportunities" while the Danish firm DSV makes an all-cash offer for Panalpina.
XPO shares plunge after earnings miss FedEx shares also tumble over speculation that Amazon may handle more logistics work in house.
USDOT's multimodal grant funding nears $1.2 billion The Maritime Administration's Port Infrastructure Development program receives funding for grants for the first time in the Consolidated Appropriations Act, 2019.
Guidance issued for importers affected by ship fire Customs and Border Protection said shipments on board the Yantian Express were in the process of being released prior to arrival in the U.S.
Trump says he again could delay raise in China tariffs Section 301 tariffs across $200 billion worth of goods from China in annual import value are set to rise from 10 percent to 25 percent on March 2, unless the U.S. and China can reach an agreement to reduce trade tensions.
Tank ship operator sentenced for dumping oily waste
Safety rule to improve oil train spill response readiness
German firm fined $5.5 million for sanctions violations
US Atlantic Coast refinery issues, Venezuela sanctions help rally oil futures Unplanned work at Phillips 66's Bayway, New Jersey, refinery and further sanctions on Venezuela's oil sector helped rally the oil complex Friday.
US sanctions Venezuelan oil minister Quevedo, calls him 'illegitimate' PDVSA president The US Department of the Treasury on Friday added Venezuelan oil minister Manuel Quevedo to its list of sanctioned individuals
Oil market forecasters largely bearish on 2019 The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019
Gazprom Neft to increase crude production by 2% in 2019 Gazprom Neft expects its crude production to grow by 2% year on year in 2019
First VLSFO bunker delivery to major container liner at Rotterdam Oil trading company Orim Energy has delivered the first shipment of very low sulfur fuel oil bunker fuel to a major container shipping liner to Rotterdam
Poor weather, barge congestion delay bunker operations in Piraeus Barge congestion at the Greek port of Piraeus has been supporting 380 CST bunker fuel prices
External: Marine Bunkering(Rotterdam)B.V.
External: Global Risk Management
Bureau Veritas releases 'Phase 2' of online tool to aid fuel compliance management The latest development comes after Phase 1 of MFC was released in April 2018.
BP's 'rapid transition' 2040 scenario sees key role for gas, renewables BP sees the bulk of this reduction in CO2 emissions coming from the power sector.
Scorpio maintains plan for scrubber installations despite port bans "We maintain that position with the anticipated regulatory 5- to 10-year lifespan of scrubbers," Mackey said.
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