Paradise Papers: Wilbur Ross hits back after press coverage 'reveals' what the industry already knew
Glencore shrugs off Paradise Papers spotlight on SwissMarine stake Partner Victor Restis tells Lloyd's List of frustration at 'sensationalist' resuscitation of quashed allegations
Herbjorn Hansson sneaks in shareholder proposal to keep paying dividends Reclassification of $215m in share premium to give NAT greater flexibility to declare future dividends
Daily Briefing Bertram Rickmers established second holding company in 2015
Commission approves Belgian tonnage tax changes Flags of EU's 28 members and three more to benefit from amended rules
Brokers divided on bulker newbuild price recovery Chinese yards take orders on hopes the steel price will fall
Food for thought: Shipping's One Percent Challenge George de Paula Ribeiro explains his new initiative to encourage the cold supply chain to do more in the fight...
Asian players help liquidity in the dry bulk FFA market Activity has risen since Singapore Exchange's buy-out of the Baltic Exchange last November
Wilbur Ross is innocent, OK? #ParadisePapers charges don't hold water
Between the Lines: Fourth-quarter capacity overhang Expected blankings to reduce capacity after the peak season have yet to materialise
My Rubik's Cube challenge Piecing together the Lloyd's List Top 100
South America to Europe trade on the mend Northbound east coast export container volumes finally showing signs of improving thanks to Brazilian fruit exports
Singapore's MPA revokes bunker licence of Transocean Oil Transocean was penalised for falsifying records in stock movement logbooks while in August, MPA had not renewed the licences of...
Liverpool2 sinkhole repaired ahead of expansion Peel Ports claims operations continued smoothly despite sinkhole's presence
Data Hub: World Fleet Update World fleet treads water as deliveries put on hold
Iran-flagged vessel runs aground off Hong Kong Boxship collides with uninhabited islet about 400 metres off Ap Lei Chau
Losses widen for Shipping Corporation of India Company weighed by losses in the bulk carrier, tanker and offshore segments
Indian authorities extend funding support for coastal berth projects Projects will help to promote India's coastal shipping and increase domestic cargo movements
Mitsubishi Heavy Industries appoints senior officials to standalone shipbuilding unit The company is set to establish a separate shipbuilding company, tentatively named MHI Shipbuilding, on January 1 next year
Gothenburg port box volumes hit record low on industrial action concerns Port authority says many firms are choosing more costly but less efficient transport solutions to ensure smooth cargo flows
Seoul prosecutors demand three-year sentence for former Hanjin chairwoman over alleged insider trading Ms Choi was indicted in December last year for disposing of Hanjin Shipping's shares shortly before the ailing firm announced a debt...
SM Line announces merger with parent's construction unit The merger is expected to take place by December 31
COSCO Shipping Ports to develop container freight station at Khalifa port Move comes as the company breaks ground for the CSP Abu Dhabi Terminal at Khalifa Port
NAT continues to focus on Asian markets amid low oil prices Company dividend policy unchanged, despite softer tanker markets
Eisbeinessen forges global links for Hamburg Personal contacts underpin city's success as top maritime hub, but sale of Hamburg Süd hurts
Bimco sees little uplift for tanker rates Ship oversupply stymies any gains from increased oil demand during strongest seasonal period.
NAT seeks share markdown for dividend Moving $215.4m in share value to surplus account, releasing earnings early perplex some analysts.
Viking Supply board okays new equity plan Olso-listed offshore vessel owner to get new injection of equity capital from founder to fix covenant breach.
Navios Holdings to tap debt market for $300m Parent of Navios subsidiaries looks to refinance debt in new private placement; logistics unit gets term loan.
New Vision tipped for profitable bulker sale to Akij New Vision Shipping of Greece is said to have sold one of its three vessels. London brokerage sources say the company has sold the 53,000-dwt bulker New Era (built 2003) to the Akij Group of Bangladesh for $9.7m. The price for the Iwagi Zosen-built ship is slightly higher than expected, although brokers described it as a "steady" level. It is higher than the $8.5m that New Vision paid for the
Seaspan opens the door to $100m stock sales Boxship owner hires investment banks to conduct offerings from time to time.
Shipping impairments fall at Danske Bank Corporate loan losses drop to $21.5m as offshore stabilises.
Gondan scoops Balearia fast-ferry order Spanish yard reveals deal to build eco-ships for domestic owner.
Two dead as two ships sunk by typhoon Storm in Vietnam grounds or damages another six vessels; 11 seafarers missing.
EU extends Belgian shipping support Commission says country's EEA tonnage tax regime will last until at least 2022.
Monjasa takes SKS tanker for storage Danish owner sending 119,000-dwt Kristian Gerhard Jebsen-owned ship to West Africa in 'pioneering' bunkering move.
Fearnley Securities: Dry recovery set to enter second leg Analysts forecast further rise in asset values and dry cargo equities in coming year.
SwissMarine defends Restis 'error' Paradise Papers: owner admits mistake in declaring no directors were under investigation.
Saudi coalition shuts down Yemen's ports Airports also closed following Houthi attack on Saudi territory.
Ross looks to shrug off links to sanctioned Russians Commerce secretary in the spotlights given Navigator Holdings' business with Sibur.
Swissco gains more time for restructuring Singapore owner's court management will run until September after buyer lined up.
Frangou sees further growth for Navios Containers Chief executive says targets are in its sights after profitable third quarter.
Spetalen's SD sells out $24.5m offering Norwegian owner issues new shares to fund PSV buys from ER Offshore.
New loans edge up at KfW IPEX-Bank German lender's commitments in the third quarter hit $10.2bn.
Iranian boxship grounds on Hong Kong island Touska ploughed straight into rocky shore en route to China.
RCL orders containership double Thai owner picks Jiangsu New Yangzijiang for pair of new vessels.
DBS hikes provisions on offshore exposure Singapore bank says decision "removes uncertainty over residual weak oil and gas services exposures"
South China Sea dominates LNG trade Malaysia and Qatar most vulnerable to supply disruption in strategic Asia-Pacific waterway.
Craig sells North Star Shipping to PE firm Scottish firm ends lengthy links in the maritime industry with sale of North Sea rescue arm.
Commerce chief: 'Nothing improper' about Navigator interest U.S. Commerce Secretary Wilbur Ross found himself on the hot seat this weekend when papers leaked to a German newspaper by a Bermuda law fi...
EU firms fear Brexit standstill will wreak havoc on U.K. supply chains Over 60 percent of European Union (EU) businesses expect to move some of their supply chain out of the United Kingdom as a result of Brexit...
Alphaliner: COSCO to surpass CMA CGM after acquiring OOCL fleet, 29 newbuilds Chinese government-owned ocean carrier COSCO Shipping could hit a total fleet capacity of 3 million TEUs by the end of 2018, which would va...
U.S. trade deficit inches up in September The U.S. trade deficit ticked up another 1.7 percent between August and September to $43.5 billion as rising exports were offset by an even...
Qatar Airways purchases minority stake in Cathay Pacific Qatar Airways will purchase 378 million shares of Cathay Pacific Airways, or 9.6 percent of the total issued share capital, on Monday, the ...
AAR: U.S. rail traffic rises 3.1% in October on record intermodal volumes October 2017 was the best month for intermodal rail traffic in history, according to newly compiled data from the Association of American R...
Euronav sinks into the red amid 'challenging' freight market Independent tanker company Euronav NV posted a net loss of $28.1 million for the third quarter of 2017 amid headwinds from a "challenging f...
Blackstone buys logistics portfolio from Principal Financial Iowa-based financial investment management firm Principal Financial Group, which in September bought out its co-owner of 16 million square ...
U.S. transportation employment rises in October United States transportation and logistics companies added another 8,400 jobs for the month in October 2017, according to the latest prelim...
Implied volatility rises in NYMEX crude on Saudi news Implied volatility in NYMEX crude options rose Monday as oil futures jumped in response to a series of headlines out of Saudi Arabia over the weekend that injected geopolitical risk into the market.
Bunker supplier Monjasa charters tanker for WAF floating storage Danish bunker supplier Monjasa has chartered a ship owned by SKS Tankers to use as floating marine fuel storage off West Africa, the company said Monday.
Maxcom Bunker plans 'severe review' after CEO arrested over fuel smuggling investigation "The company is undergoing a severe review of its policies."
Singapore's MPA revokes Transocean Oil's bunkering license "MPA's investigations revealed that there were several falsifications of records."
Risk to oil grows as Saudi crown prince purges old guard Saudi Arabia's unprecedented government purge over the weekend, with 11 high-ranking princes detained in an anti-corruption crackdown, pushed crude price to new two-year highs in European trading early Monday.
Fuel oil storage costs fall in Singapore on overcapacity, tight margins Leasing fees for onshore storage tanks to store fuel oil in Singapore are being renewed at much lower rates, because of ample availability of floating storage capacity and narrowing margins between cargo and ex-wharf prices, industry sources said over the week.
External: Wired Bunkering
FUTURES: ICE Brent holds above $62/b as supply risks ensue
Oct traded volume of oil product swaps during Singapore MOC falls 10.1% on month Traded gasoil swaps fell 20.8% month on month to 38.05 million barrels.
Rolls Royce adds new module to help comply with EU monitoring rule The new energy management system will help ship onwers reduce fuel costs and comply with the EU MRV rule.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
