We're aggressively and opportunistically targeting time charters, says Tanker Investments chief 12-month time charter is the period available right now
Capesize earnings up 27% on week in volatile trade Daily earnings rise back to near $10,000, may stabilise before January dip
Profits nigh on impossible amid rate misery, says Skou Maersk Line chief executive paints bleak industry picture, but believes carrier is well placed to weather the storm
Tanker Investments slides into the red Refinery maintenance and Nigerian outages are to blame for loss
Word of mouth: Getting shipping's message out The benefits of shipping clusters as building blocks are being recognised around the world
Most Teekay firms record weak operating results Only Teekay LNG Partners shows improvement with newbuilding delivery
Growth via partnerships is key focus for Maersk Tankers Being placed into the group's new Energy division, rather than Transport, will not affect day-to-day operations, adds new Maersk Tankers chief
Ocean Yield third-quarter profits lifted by higher revenues Net profits for first nine months of 2016 equal those of last year as previous quarters saw smaller profits
HSH Nordbank writes off $900m of shipping debt Bernd Kortüm's Norddeutsche Vermögen Holding looks biggest beneficiary, with more than $600m waived
Clyde & Co poaches Pratts to strengthen marine cargo team Five new appointments at shipping law firm
Evergreen and Yang Ming deny merger speculation Yang Ming chairman Bronson Hsieh say company's government-owned status would make the move difficult
We will behave ourselves, say Ocean Alliance members Alliance wants discipline on new vessel orders, and is prepared to lead the way
Genco narrows losses in third quarter But a tough spot market erodes revenues
Ocean Alliance's new port rotation to unravel terminal 'mess' Strategy is designed to prevent problems of previous alliances, says CMA CGM
Yang Ming sets out to optimise costs amid industry downturn Management to lead the way with pay cuts
Eimskip to buy Nor Lines for $17m Final price could be adjusted depending on Nor Lines' financial report for 2016
Ocean Alliance global network revealed Alliance to deploy 350 containerships with 3.5m teu total carrying capacity
Shipbreaking yards in Pakistan to strike after oil tanker explosion Workers participated in a rally against substandard safety practices at ship recycling yards in Pakistan
Damen secures three-vessel deal from Jawar Khaleej Shipping Vessels to be built at Damen's shipyards in Turkey and Vietnam
Looking for ship financing? Come to China Chinese shipping lenders believe opportunities have emerged
Legal spotlight on command As the maritime and legal community discuss authority and responsibility in an age of instant access, it seems it is better to be a maritime lawyer than a master
Yard to pay Teekay $28m for delay Niigita hands over $7m for first newbuilding, and Vancouver headquartered shipowner expects more for series.
MR tankers await word on Colonial Pipeline One line remains down, but second pipeline in service as charter assessments fall.
GasLog expected to sell more to spinoff Analysts see dropdown sales as way to improve balance sheet as company looks to 'recycle capital'.
Hornbeck looks at 'strategic options' for $1bn debt Offshore vessel owner says hiring an advisor necessary to protect business.
Arab investors eyeing Thessaloniki port? Greece's second largest hub is reportedly the target of Middle East-based interests.
Credit Suisse halves loan losses But shipping still proving troublesome for Swiss bank in third quarter.
Solvang feels LPG market pressure Norwegian shipowner says freight volume not enough to drive rates much higher than opex levels.
Restructuring boosts Prosafe's bottom line Bond debt forgiveness sends Cypriot floatel owner's earnings soaring.
Maersk Tankers sees boost in pool numbers Christian M. Ingerslev says plan to grow commercially managed fleet is gaining traction as Maersk Tankers enters new chapter.
EMGS slashes costs to cut loss Norwegian survey ship player lowers third quarter deficit as workforce shrinks.
Diana duo cancel newbuild, sell boxship Diana Shipping ends kamsarmax contract at Dayang, while Diana Containerships trims fleet.
Diana Shipping cancels bulker newbuilding New York-listed shipowner preparing $8.65m claim as it blames delays for axing kamsarmax.
Pareto upgrades DHT Holdings shares Analyst Eirik Haavaldsen says owner's stock offers a VLCC for $77m today.
Precious Shipping sees deeper red Bulk carrier owner reports wider loss in the three months to the end of September.
Rawabi steps up to help Vallianz Holdings Singaporean offshore company will be able to fully redeem outstanding debt with partner's assistance.
Finance costs push GasLog to loss But Livanos-chaired LNGC owner hopeful of recovery in market from next year.
Sanmar exits bulker market - for now Indian owner completes pull-back from tough market.
HMM eyes Korean newbuilding fund Korean owner hints at expansion after government sets up $900m ship finance company.
Teekay LNG inks new charter as profit falls LNG carrier owner locks newbuilding into 10-month contract as it makes less in third quarter.
Teekay Offshore profit more than halved Seasonal maintenance of oil fields and lower utilisation dents shuttle tanker owner's third quarter result.
Samskip takes management in-house Icelandic container line forms new team to handle its boxship fleet.
Bourbon layup list hits 85 ships French offshore vessel giant has stacked another 31 vessels since August in awful markets.
Ocean Alliance quartet unveils network CMA CGM, Cosco, Evergreen and OOCL take the next step towards further liner consolidation.
Teekay Tankers confirms sale of trio US-listed also reports a loss for the third quarter, but maintains dividend payout to shareholders.
Hornbeck slumps to third quarter loss US-listed OSV owner sees over 70% of fleet stacked in third quarter due to poor markets.
TIL slips into the red on weak markets Oslo-listed tanker owner confirms year-long fix for aframax as it suffers 45-55% slide in TCE rates.
Vessel additions boost results at Ocean Yield Deliveries for MSC and Navig8 help lift results at Lars Solbakken-led leasing company.
Explosives involved in LNG ship attack Teekay releases further details on incident that occurred off coast of Yemen.
Government suspends demo work in Gadani Deputy commissioner for Lasbela takes decision following high death toll at Pakistani breaker.
Thome backs more state aid for offshore Ship manager says it is important Singapore maintains central position in the Asian maritime hub.
Hapag-Lloyd takes delivery of 10,500-TEU vessel Hapag-Lloyd's Valparaiso Express Hapag-Lloyd took delivery of the first in a series of five new 10,500-TEU ships from the Hyundai Samho Hea...
XPO turns second straight quarterly profit despite 'mixed' environment XPO Logistics, Inc. turned its second straight quarterly profit in third quarter 2016, according to the company's most recent financial sta...
Intermodal volumes continue decline in Q3 Total intermodal traffic fell 4.6 percent to 4.35 million trailers and containers in the third quarter of 2016 compared to the same period ...
Cloud Logistics enters partnership with Inolog Cloud Logistics has entered into a partnership with U.K.-based Inolog, an innovative technology company for sustainable logistics, to begin...
AAR: Rail carloads fall 5.1% in October The Association of American Railroads (AAR) said 1.07 million carloads were handled in October, down 5.1 percent or 57,800 carloads for the...
Roadrunner's net income, revenues rise in Q3 Roadrunner Transportation Systems, Inc., an asset-light transportation and logistics services provider based in Cudahy, Wis., reported a 37...
Eimskip acquires Norwegian shipping company Eimskip Ltd. has entered into an agreement to acquire Norwegian shipping and logistics company Nor Lines for 15 million euros (U.S. $16.6 m...
Diana confirms scrapping of youngest containership ever Diana Containerships Inc. has confirmed the sale of the M/V Angeles, the youngest containership ever sold for scrap. The Athens, Greece-ba...
OCEAN Alliance reveals details on planned services Left to Right: Andy Tung, CEO of OOCL; Wang Hai Min, managing director of China Cosco Shipping Lines; Rodolphe Saadé, vice chairman of CMA C...
Appellate court upholds federal ELD mandate The U.S. Court of Appeals for the Seventh Circuit in Chicago has upheld the Federal Motor Carrier Safety Administration's proposed regulati...
Executive Moves: ContainerPort Group and Milestone Chassis ContainerPort Group (CPG) has promoted Glenn A. Fehribach to chief financial officer. Fehribach, who joined CPG about 20 years ago, spent t...
MISC posts weak Q3 financial results Malaysian ship owner MISC Group reported a group profit before tax of 2.3 billion Malaysian ringgit (U.S. $550 million)for the first nine m...
Marrakesh meeting to advance rules on global climate deal In short, if the Paris Agreement was the "what," the Marrakesh meeting aims to clarify the "how."
TANKERS: Teekay plans to increase its lightering presence Those contracts will take effect in the fourth quarter and will boost Teekay's presence in the lightering business to five Aframax equivalents/year, Mackay said.
GLOBAL VLCC TRACKER: Saudi sailings, China arrivals rebound Weekly VLCC departures from Saudi Arabia, the world's largest oil exporter, rose for the first time in nine weeks, while arrivals into China also rebounded.
Bomin warns of 'new era for bunkering' after office closures "Bomin will not focus resources where there is no strategic alignment with its overall business strategy"
External: Wired Bunkering
TRADER NOTE: Peninsula Petroleum hires chief risk officer In a separate statement Thursday, Peninsula announced it has moved into larger offices in Singapore "to facilitate the continued growth of the group."
Ardmore Shipping sees MR tanker boost from IMO regulations The IMO's decision last week to introduce a global marine sulfur emissions cap of 0.5% from 2020 will shift the majority of bunker demand from fuel oil to a gasoil-based fuel.
FUTURES: Crude gains after overnight tumble on record stock build
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