When the price is right The value of anything is what people are prepared to pay at a moment in time, whether the people are Maersk or mere speculators
Odfjell stays stable despite soft conditions Gradual improvement expected for chemical tankers
Peel Ports fills head of containers role with APMT hire Former Rotterdam container terminal head of commercial will be responsible for all of Peel's container business
Emanuele Grimaldi steps up as ICS vice-chairman Italian shipowner becomes the association's fourth vice-chairman
Results Round-up Second-quarter figures from some top intra-Asia names.
Costa Concordia: The ISM Code under attack Industry viewpoint: Interpretation of regulation takes centre stage in Italy's supreme court
Capesize earnings bounce back on fresh demand Brazil and Australia fuel optimism
Mexico boost for Clyde & Co Local shipping law firm Garza Tello set to join international network
Søren Skou sees clear evidence of container trades recovery Contract rates in Asia-Europe and transpacific trades much higher as supply overhang shrinks
Maersk Tankers' profit slashed by falling rates Cost savings helped offset some of the damage
Rickmers future in doubt after crunch vote fails to hit quorum Insufficient turnout nixes bondholder settlement, despite majority in favour
LR product tanker earnings rebound on Asian naphtha demand Stifel notes more than 20 LR tankers switching to dirty trades in past six months
APM Terminals reports double-digit profit dip Weaknesses in emerging markets and terminal overcapacity dent the bottom line
More than 10 US Gulf LPG cargoes cancelled Chaos as trading conditions spark cancellations
China Merchants and Sinotrans & CSC to consolidate mega fleet CMES acquiring Sinotrans & CSC bulker and tanker fleets is a high-probability event, say industry sources
Giles Noakes dies unexpectedly, aged 62 Security expert and architect of anti-piracy guide remembered as a 'wonderful man'
Yang Ming reduces losses Volumes up 14% in first quarter
Epic Gas posts wider first-quarter loss Weak earnings and higher expenses push loss to $3.3m
Taiwan Navigation orders $51m ultramax pair from Oshima Shipbuilding K Line meanwhile takes delivery of 250,000 dwt ore carrier
Wilh Wilhelmsen Holding results weighed down by industry slump Group expects soft market conditions overall to continue to drag on income for the short term
DryShips posts improved result as buying spree continues with Economou suezmax Company has 'come a long way' but rapid expansion phase now 'behind us', says chief executive
DSME secures refund guarantee for latest order Largest creditor Korea Development Bank supports $250m three-VLCC deal with Maran Tankers
Qingdao Port to raise up to $133m through shares placement Proceeds to be used to fund overseas terminal investments
Maersk Group returns to black with $201m profit in first quarter Container line still in the red as rising bunker costs take toll but volume growth of 10% pushes up market share
Navios Containers heads to Olso OTC with $75m placement
Rickmers assets up for sale to avert crisis Harper Petersen stake and boxships put on the market as management bids to win support for crucial restructuring vote
Chemical carrier will see out days at Blystad
Capital banks profit on flipped capesize bulker
'US projects set to give big boost to LNG carrier rates,' TradeWinds 5 May, page 14
Trafigura mulls large tanker order at Hyundai Market gripped by talk of Swiss trading giant making potential comeback as tanker owner with deal for 22 vessels
Ugland bags long-term hire with Statoil
Bariba looks to offload supramaxes and panamaxes
Tanker deals dominate demo scene
Transpetro scraps elderly tanker in India
Shell-Bahri deal surprises market and sets new VLCCtone Tanker consolidation moves see energy major making shift from charterer to freight controller
East of Suez rates make seasonal gains after early hit Improvement comes despite ongoing refinery woes in Middle East as the region enters its peak season with more naphtha consumption set to benefit LR1 market the most
Olympic fixes out VLCC newbuild to ExxonMobil
Yagerman moving on from JP Morgan
Tarbit adds trio of newbuildings
Union busy in MR tanker hunt
Firm VLCC sales a good deal, not a trend Gener8's Peter Georgiopoulos insists no covenant pressures behind decision to sell top-earners
Statoil inserts no child labour charter clause
MT Maritime offloads pair of tankers
Braemar mulls 'logical' move into finance services Chief executive James Kidwell says finance development would be 'logical' while HSBC acquisition facility was put in place for a reason.
Twin recruits back to boost 'new leg' at Maersk Broker Duo return as company expands consultancy and advisory business
Agility's profit, revenues rise in Q1 Global logistics provider Agility posted a net profit of 14.6 million Kuwaiti dinars (U.S. $47.9 million)for the first quarter of 2017, an ...
ZIM narrows losses in Q1 2017 ZIM Integrated Shipping Services Ltd.reported a net loss of $6.4 million in the first quarter of 2017 compared with a $56.3 million loss in...
Genco Shipping & Trading's revenues surge 83% in Q1 Source: Pres Panayotov/Shutterstock The average daily time charter equivalent rates obtained by Genco's fleet totaled $6,498 per day for Q1 ...
CBP will not revoke oil industry Jones Act waivers U.S. Customs and Border Protection said Wednesday that it is withdrawing proposals made by the Obama administration to strengthen enforceme...
DHL increases revenues 7.3% in Q1 Deutsche Post DHL Group recorded consolidated net profits of 673 million euros (U.S. $731.6 million) on revenues of 14.9 billion euros for ...
Lawmakers introduce bill aimed at stimulating domestic maritime jobs Two U.S. House lawmakers have introduced a bill to promote programs in two-year community and technical colleges to stimulate jobs in the d...
A.P. Moller-Maersk ups profit, revenues in Q1 A.P. Moller-Maersk, the Danish shipping conglomerate that includes transportation and logistics companies such as Maersk Line, APM Terminal...
Intermarine launches new liner service to Mediterranean Intermarine said it is expanding its Houston-based liner services from the U.S. Gulf Coast/Americas to the Mediterranean, Black Sea and Adr...
Yang Ming Q1 loss much smaller than in 2016 Yang Ming Marine Transport Corp. posted a net loss of901 million New Taiwan Dollars (U.S. $29 million) in the first quarter of 2017, accord...
Oil complex rises, putting crude near midpoint of recent range NYMEX June crude settled 50 cents higher at $47.83/b. ICE July Brent settled 55 cents higher at $50.77/b.
FEATURE: NWE traders skeptical of fuel oil arb East, eyeing Chinese vessels Fuel oil traders in Northwest Europe have expressed concerns over the potential economics of taking either a VLCC or Suezmax vessel of high sulfur fuel oil to Singapore amid PetroChina vessels floating with more than 10 million barrels of fuel oil outside Singapore.
Istanbul bunker market braces for tight barges at weekend The bunker market at Istanbul, Turkey, is expecting constrained availability May 13-14 because of tight barges, after a week of delays.
Malta halts all bunker operations on bad weather Malta has halted bunkering operations because of rough weather
External: Praxis Energy Agents S.A
Korean Register gets authorized by Germany based DAkks to act as verification body for EU emissions monitoring KR's EU MRV services can be delivered to any ship anywhere in the world regardless of its flag or class.
External: Wired Bunkering
ANALYSIS: Potential Sinochem-ChemChina's merger a win-win deal - Share sources for integrated oil/chemical business - Reinforce balance sheet following acquisitions - Meets SASAC's strategy on state-owned enterprises
FUTURES: Oil higher on expected supply deficit
South Korea's HHI partners with Saudi Arabia's Bahri for smart ship solutions Under the MOU, the two companies will jointly develop smart ship solutions and apply them to ships operated by Bahri.
INTERVIEW: Oil prices to recover in 2017 assuming OPEC cut rollover- IEA - Oil supply deficit may grow sharply in H2 - Crude stocks likely to return to norms in 2017 - Short term oil demand unfazed by Trump, Brexit
Most young people view oil, gas industry negatively, impeding recruitment: survey According to the survey, fewer than half of the consumer respondents trust the energy industry as a whole
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