Hamburg Süd director Peter Frederiksen to quit ahead of takeover Top executive to return to Denmark to pursue portfolio of business interests and directorships
Back to black for d'Amico Fiori says no to mergers, preferring to go it alone as prospects improve
Next two months crucial for Somali piracy EU Navfor warns of implications of another successful hijacking
Rickmers bond price hits record low Informal talks scheduled with bondholders as group fights for survival
Marshall Islands urges IMO to set temperature increase limit Pacific nations say their dependence on the maritime industry is superseded by the threat of rising sea levels
Streamline, reduce and preserve to survive offshore turbulence, says Bourbon Crumbling balance sheet forces offshore vessel giant into survival mode
Cape earnings at two-month low on weaker iron ore trade Western Australia and Brazil lull sees 14% drop in week
VLCC mini-spike fizzles out as rates fall Vessel oversupply rears its ugly head but new orders continue to land at yards
DSME puts subsidiary yard up for sale Offers sought for Samwoo Heavy Industry in latest move in to offload units as part of restructuring plan
Ottmar Gast moves up as Hamburg Süd management reshuffled ahead of takeover Update: Peter Frederiksen to leave Hamburg Süd as Maersk Line confirms it plans to keep acquisition target's business model intact
Westports bidding for building of new Colombo terminal Port operator's move follows expectations that Alliance reshuffle may move some volumes away from Malaysia
FSL Trust confirms Roger Woods as chief executive Former deputy chief executive has been acting head of trust after Allan Hatton's resignation
Yard overcapacity holding back newbuilding price recovery Owners take on shipyards in a tug of war over values
NAT's debt covenant breach leads to costly concessions Net asset value may be irrelevant to Hansson, but convincing investors has costs
DSME debacle triggers calls for global shipbuilding trade rules MLIT and VSM turn to OECD after failed past efforts
Matson expects modest volume pick-up on key trade lanes Boxship operator saw weaker net income for the first quarter on lower volumes in Hawaii and Alaska
Coast Guard warns as ships hit by lasers Distracted pilot could lead to ship collisions, official says.
Reports of Cheng bulker buy 'premature' Sources say Shinyo International has not purchased last capesizes from Zhong An Shipping.
Koch fixes a third suezmax from TEN
UBS is 'concerned' about VLCC orderbook Tankers orderbook growth is worrying, but bank says to 'not to throw in towel yet.'
Evangelos Pistiolis adds MR newbuild at Hyundai-Vinashin Central Shipping Monaco extends products tanker series at Hyundai Mipo spin-off with new deal.
Trump's support for Exim might be fillip for multipurpose market Politicians have been making a bad market worse for US-flag operators in the multipurpose sector, but that could be about to change
Seafarers' wages protected from piracy under MLC
TMC Marine welcomes opportunities created by Bureau Veritas takeover Acquisition by classification society has potential to open a 'new avenue of work' and continue expanding
Vintage should be no bar to change, insists analyst Webber
Governance straggler trio pay out $85m to private companies in 2016 Bottom companies in Wells Fargo Securities' corporate governance ratings continue ladling out management fees and commissions in 2016 disclosures
VesselsValue brings DCF method to offshore sector Offshore owners and banks will now be able to use VV from Monday to more than double estimates on asset values
'Launched' OSVs sitting in limbo for much longer
Pipelay ships 'not affected' by Jones Act rule changes Debate emerges over whether new customs rule will affect pipelay vessels
Hyproc in fresh effort to sell off elderly LNG tonnage Sonatrach's shipowning arm recirculates 1970s-built workhorses after second newbuilding delivers
Price surfaces on small Jeju LNG ships
Repairs to Knutsen LNG carrier set to take months
Gail (India) emerges with long-awaited LNG vessel requirement But time-charter party contains rare seafarers clause that has industry talking
Boxship tonnage providers on look out for fresh opportunities New York-listed owners are scouting the market for investment partners on vessels to buy in the conviction the container market is heading north
GasChem's first Beluga 'whale' surfaces for all to see on the River Tees Hartmann showcases first of its eye-catching and highly innovative 'whale' ships designed for the US-UK ethane trade
IRClass targets Asian owners
US projects set to give big boost to LNG carrier rates 'Destination diversity' creates greater tonne miles and tighter vessel demand
Niovis Shipping puts its last two vintage bulkers on the market
Bunker resellers look for end to era of slim margins When will the tight spreads give way to juicy returns? Shipping's market upturn and a 2020 emissions deadline provide fuel for hope
Soechi in frame to snap up MR tanker
Singapore's Continental still in buying mood - and this time it is thinking big Scrapping of smaller ships does not mean feeder operator is scaling back its ambitions
Sub-standard owners still colour public's perception of shipping Reputations of the best in the industry are damaged by the actions of the worst, and that has serious implications for all
Self-restraint in the good times is as vital as care in tough times Companies clinging to the side of the mountain and those who may have conquered the summit should be wary to prevent tumbling down the other side
MR tankers set for further gains as US refiners ramp up activity Freight rates are on the rise in anticipation of more production
Norfolk Southern to implement new crew management system Norfolk Southern and software company PS Technology have agreed to develop a new train crew management and payroll system for phased future...
Maersk, Hamburg Süd to reshuffle management after merger Danish ocean carrier Maersk Line and the Oetker Group plan to shake up the management team of Hamburg Süd after Maersk acquires the German ...
DCLI, FlexiVan launch asset sharing program Chassis leasing companies Direct ChassisLink, Inc. (DCLI) and Flexi-Van Leasing, Inc. (FlexiVan) launched a new chassis pool model for the ...
House signs off on bipartisan 2017 spending bill The U.S. House of Representatives on Wednesday approved a $1.1 trillion spending bill to keep the federal government funded through Septemb...
Schneider commences Baltimore ramp service Green Bay, Wis.-based Schneider National, Inc. has commenced a new inbound and outbound intermodal ramp service to Baltimore, the trucking ...
Port of Barcelona to receive EIB warehousing loan The logistics zone of the Port of Barcelona will be receiving a loan from the European Investment Bank (EIB) to finance the construction of...
Lawmakers call for Shipping Act reform Is it time, once again, to reform the Shipping Act? The answer to that question is a resounding "yes," according to Rep. John Garamendi, D...
Matson reports lower first quarter earnings Honolulu-based container carrier Matson, Inc. reported a profit of $7 million in the first quarter of 2017, ended March 31, a 61.3 percent ...
Panalpina acquires majority stake in Danish forwarder Panalpina World Transport (Holding) Ltd. has acquired Danish freight forwarding and logistics provider Carelog, the company said in a state...
ICE July Brent below $49/b as oil complex declines accelerate
External: Praxis Energy Agents S.A
May Med-North fuel oil swap at two-month high on weak barges, strong RMG MED: traders
ARA fuel oil arbitrage east opens on improved demand from Asia
Piraeus bunkers into seasonal trend of tight barges, high demand: sources
External: Wired Bunkering
TANKERS: BW orders 4 VLCCs after selling fleet, eyes DHT to acquire or manage Market sources put the value of the deal for the VLCC's at Won 378.4 billion.
FUTURES 2: Oil flat to lower amid mixed trends in US inventory Data released by the US EIA on Wednesday showed a decline of 930,000 barrels of US crude stocks for the week ended April 28 to 527.772 million barrels, a decline below expected levels.
TANKERS: MR outlook positive on Atlantic Basin demand, low orderbook: Ardmore "We are at the cusp of a significant rebound in earnings," said Ardmore Shipping CEO during the company's first-quarter 2017 earnings call.
BRAZIL DATA: March fuel sales rise, hint at recovery in demand Fuel distributors sold 2.402 million b/d of oil products in March, an increase of 2.0% from the 2.354 million b/d sold in March 2016.
FUTURES: Crude hovers at 5-month lows on stock data, strong dollar
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