Handysize bulkers weaken on Asian runs Despite the softer tone, earnings are still about $2,000 per day higher than this time last year
Kouroumblis takes over Greek shipping ministry Dritsas leaves in Tsipras mini-reshuffle
Eagle Bulk breaks order drought Acquisition of new high-spec ultramax is first buy in more than six years
RFIB hires power trio to boost Southeast Asia marine cargo push Leith-Smith, Penfold and Hawkins sign up with Lloyd's broker
Oceanbulk clinches two product tankers after deal with Asian investment fund collapses Greeks step in the pick up the two Japanese tankers en bloc for $38m
Shortsea dry bulk shipping firms join forces Nova Marine Carriers and Carisbrooke Shipping team up amid slowly recovering freight rates and calls for consolidation within the sector
Court approves SGX takeover of Baltic Exchange Deal is expected to to be finalised on Tuesday
Halcyon hires Townley and Mankey Maritime recruitment outfit beefs up team in Singapore and UK
Italian tonnage tax changes give level playing field for bareboating Shake-up also brings changes to capital gains treatment and training obligation
Japanese boxship merger may spark another wave of consolidation Amalgamation of country's big three container divisions will further isolate medium-sized carriers and increase pressure to consolidate
Armed attack on tanker confirmed off Somali coast Offen Tankers vessel was shot at but no casualties were reported and the vessel was able to escape
Ship Finance sells 1998-built VLCC as buyers hunt bargains Prices for older tonnage plummet by 37%
APL and MOL add new services to Asia networks APL sailings to begin on December 2 and MOL services to start in May next year
HMM eyes Hanjin workforce in asset acquisition plan HMM also considering Hanjin's terminal assets in Spain and its Asia-US assets, as five parties submit bids
China newbuilding prices fall further Decline partly fuelled by weakening Chinese currency
Samsung Heavy Industries targets $997m share sale Samsung Group affiliates to purchase the shares
DSME names Keystone and Welliv in unit sale bids Sales expected to bring in 40%-50% of DSME's liquidity target
Four companies bid for STX assets Preliminary due diligence period and deadline for firm bids undecided as yet
Philippine ports throughput up 9% in first nine months Imports and exports rise as Christmas season buying kicks in
SGX questions JES International over restructuring plans Shipbuilder looking to diversify risk by acquiring Malaysia-based consumer products firm
Show me the Money: Container line warning signs In the wake of the Hanjin Shipping collapse, what should be checked when assessing whether a carrier is at risk of going out of business?
DSV integrates North American trucking services Source: DSV Danish third-party logistics provider DSV A/S this month began promoting its newly integrated North American road transportatio...
DOT doles out $90m in airport improvement grants The U.S. Department of Transportation on Friday released more than $90 million among Federal Aviation Administration (FAA) grants to six ai...
UPS acquires life sciences supply chain firm Increasing its foothold in the healthcare logistics business, UPS has entered an agreement to acquire Marken, a global provider of supply c...
Two Pakistani nationals sentenced for pharma smuggling The U.S. Justice Department on Friday said two Pakistani nationals were sentenced by the U.S. District Court in Washington, D.C., after ple...
FTR: Class 8 orders flat in October Net orders for North American Class 8 trucks totaled 13,800 units in October 2016, according to the latest preliminary figures from freight...
U.S. transportation sector hiring rebounds in October United States transportation and logistics companies added 7,000 jobs for the month in October 2016, according to the latest preliminary da...
Port of Oakland reports surge in export volumes The Port of Oakland handled 89,473 TEUs of export containers in October, a 20 percent increase over the same period last year, the port sai...
BCG: Container industry overcapacity to increase through 2020 The rampant overcapacity that has caused container freight rates to plummet to historic lows in the past year is only going to get worse in...
BIMCO: Containership scrapping is at an all-time high The Baltic and International Maritime Council (BIMCO) said containership demolition has reached an all-time high, as 500,000 TEUs have alre...
Freight Rate Roundup: Maersk, CMA CGM, Hapag-Lloyd, MOL and NileDutch Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and NileDutch have announced freight rate increases. Maersk Line of Denmark issued i...
U.S. trade deficit hits 19-month low The U.S. trade deficit totaled $36.4 billion in September, marking the lowest level since February 2015, according to data from the U.S. Co...
Special Coverage: Intermodal industry to pick up speed in 2017 Each double-stack intermodal train can take 280 trucks off the highways, resulting in lower emissions and fuel consumption. A BNSF train can...
Tight supply, congested barge schedules lift New Orleans bunker prices New Orleans IFO 380 CST was assessed at $251/mt ex-wharf, up $8/mt from Friday
Crude rises alongside US equities before presidential vote NYMEX December crude settled 82 cents higher at $44.89/b. ICE January Brent settled up 57 cents at $46.15.
ANALYSIS: US election likely to overshadow weekly petroleum inventory data The results of Tuesday's US presidential election will likely have a bigger impact on oil prices Wednesday than the weekly US inventory report
Strong winds hamper bunker operations in Black Sea Bad weather at Istanbul, Turkey, and Novorossiisk, Russia, is hampering shipping operations including bunkering at the ports
External: Praxis Energy Agents S.A
Egypt cuts fuel subsidies as part of IMF conditions for $12 billion loan Egypt slashed its energy subsidies Friday as part of wide-ranging economic reforms demanded by the International Monetary Fund as a condition for a $12 billion loan.
External: Wired Bunkering
Algerian oil minister says no turning back on Algiers OPEC agreement OPEC would fix the production quotas for its members at the Vienna meting on November 30
External: Marine Bunkering(Rotterdam)B.V.
FUTURES 2: Oil braces for volatility ahead of US elections
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