Torm's US listing may pave way for M&A activity We are generally of the opinion that consolidation makes sense, says Meldgaard
Year-end projections: Tanker and gas LNG shipping enters the bull cycle but other segments are hitting bottom
Ocean capacity indiscipline driving down fourth-quarter freight rates Carriers' reluctance to cut services explains falling prices and abandonment of November GRIs despite strong demand, says Alphaliner
Netherlands 'in the frame' for Britannia subsidiary British P&I clubs weight options for Brexit
Pan Ocean looks to grains for further growth after profits rise South Korean bulkers owner and operator targets expansion in Southeast Asian grain trades from 2018
Evergreen returns to the black in third quarter Net profit of $133m reverses year-ago losses
Hapag-Lloyd turns its back on new ship orders Chief executive Rolf Habben Jansen says UASC ships will help fulfill future capacity requirements, as Hapag-Lloyd publishes first financials since...
Yang Ming denies 20-ship order, but mulls fleet renewal plan Company spokesman says all plans are still in the initial stage
Daily Briefing CSSC is selling $1bn offshore newbuilds to an equity fund
Vessel impairments widen Team Tankers losses in the third quarter Freight revenue for the quarter looks stable at $60.5m versus $63m in the year-ago period.
Overtonnage to depress tanker rates over 2018, says Fitch Tanker rates not likely to receive substantial boost from expected rise in global oil demand if vessel supply continues to...
GTT wins orders to design LNG tanks for Dynagas FSRU pair Vessels scheduled to be delivered in 2021
Tamer Masoud takes the honours for outstanding achievement in Lloyd's List South Asia, Middle East and Africa Awards The industry veteran, who has overseen the development of the port of Fujairah into a major bunkering hub, will receive...
Asian shipping lines show interest in digitalising operations Next generation of owners realise the importance of tapping on IT to make smaller carriers more competitive globally, says INTTRA...
Beijing calls on ports to end monopolistic practices Major state-owned port groups told to cut handling fees by 2018 to help save $530m in export/import logistics costs annually
Noble Group in talks with stakeholders to address liquidity The commodities trader, which reported a third-quarter loss of $1.17bn, has to cover $1.6bn in bank debt and bonds due...
CEOs dismiss talk of China iron slowdown Global production gains in iron ore imports bode well for bulkers, but China's coal demand a 'black-box' risk.
Hapag sticks to plan for no newbuilds German boxship operator looks to 'sweat assets' over the next couple of years.
Results push Dof's Oslo-listed bonds to new low Oslo-listed offshore vessel owner sees challenging market going forward after reporting loss.
AVIC records profit on higher revenue Singapore-listed shipbuilding group's construction segment sees major gain.
Saverys shoots down talk of handysize fleet deal CMB chief executive unsure where talk of $130m bid from fund originated.
Torm will 'look at all opportunities' after US listing, says Meldgaard Chief executive happy to be on clear path after tweaking plan for US float.
ASL seeks diversification as it turns red Singapore owner and yard wants to build tankers as well as OSVs.
Astomos signs fourth for LPG bunker study Japan's largest LPG importer continues to push liquefied petroleum gas as viable alternative for 2020 sulphur cap.
Koch Shipping keeps hold of Japanese capesize Koch Shipping looks to have kept hold of one of the capesizes in its initial fleet. The Miyazaki Sangyo-owned 176,900-dwt Lowlands Erica (built 2007) was one of the first vessels taken in by the charterer last year as it looked to grow a stable of around 30 capes. Koch scouts market to achieve target of 30-strong cape fleet Today the Baltic Exchange reports the vessel has again been fixed by Ko
Navios Holdings ups note sale to $305m Greek owner prices debt at 11.25% as it targets refinancing.
PSV rates rocket in North Sea UK tonnage list shortens as NAO pockets $19,100 per day for supply job.
Eagle Bulk banks $200m from trip to Oslo bond market 8.25% notes take out pricey debt, extend maturities and set stage for refinancing of owner's main credit facility.
Spanish court orders $1.9bn compensation for Prestige spill London Club seeking clarification after ruling sets sum payable to Spanish and French governments for 2002 spill.
Sanmar wins UAE tug order Turkish yard clinches contract for two vessels from Abu Dhabi Ports Co.
Chinese teapot sweetener for VLCC owners A new quota introduced for China's teapot refiners is welcome news for the crude tanker market. This week China's Ministry of Commerce set the 2018 import quota at 2.85 million barrels per day, a 55% boost on 2017 levels. "The increase could mean one additional VLCC every other day when compared to 2017," one tanker owner explained. Rates for modern VLCCs sat at $31,273 per on Tuesday evenin
Kwon moves on as HHI brings in next generation Dual CEO structure changed as shipbuilder reorganises top management.
Mipo banks $403m from selling shipping unit Korean shipbuilder offloads 85% stake in brokerage HI Investment & Securities.
Scorpio Services stocks up on Scorpio Bulkers stock Purchase sees investment company grow its leading position in the bulker owner.
Marco Polo Marine clinches bond deal 90% of noteholders back waiver and amendment of $37m issue.
Island Offshore lines up winter stacking OSV owner expects to lay up at least four ships in 'unsustainable' market.
GulfMark Offshore exits Chapter 11 after restructuring Fresh equity and loan facilities in place for offshore support vessel owner.
Torm targets New York float by end of 2017 Danish owner says papers will be filed with US regulators later today.
Evergreen surges back into profit Taiwanese container line pushes revenue above costs in the third quarter.
Ro-ro 'sabotaged by lemon' Trinidad owner says whole fruit was intentionally flushed down its vacuum systems.
Containerships sells out $71m bond Finnish owner refinancing existing debt and building war chest.
Impairments drag Team Tankers to huge loss But Oslo-listed tanker owner says it has the balance sheet to go on acquisition offensive.
Noble in talks on capital structure, liquidity Singapore-listed commodities trader says the latest move is part of strategic review.
Miclyn Express Offshore eyes debt restructuring Singapore-based vessel operator said to be seeking "consensual" bond overhaul.
Dof ASA's earnings return to red Oslo-listed company reports loss for the third quarter on back of lower operating income.
Pan Ocean posts 55% increase in profit Restructured South Koran shipowner latest company to ride the dry bulk market recovery.
Over 100 U.S. business groups express support for NAFTA truck provisions A group of 101 U.S.-based organizations sent a letter to U.S. Trade Representative Robert Lighthizer on Tuesday in support of maintaining t...
COAC recommends ACE system downtime protocols A working group within the Commercial Customs Operations Advisory Committee (COAC) on Tuesday recommended that U.S. Customs and Border Prot...
Great Lakes shipping up 7% in October U.S.-flag Great Lakes vessels moved 9.5 million tons of cargo in October, up 7.1 percent compared to October 2016, but slightly behind the ...
Day & Ross acquires REI Logistics, Korten Quality Systems New Brunswick, Canada-based logistics company Day & Ross Transportation Group is acquiring REI Logistics and Korten Quality Systems, Lt...
Port of Oakland sets another monthly record for container imports The Port of Oakland handled the equivalent of 76,706 TEUs of containerized cargo imports last month, making it the busiest October for impo...
Port of Los Angeles box volumes slip in October Last month was the third-best October in Port of Los Angeles history in terms of container volumes, as the Southern California seaport hand...
CORRECTION: HMM posts loss in Q3 2017 The Nov. 10 AS Daily article, "HMM posts loss in Q3 2017," reported that Hyundai Merchant Marine (HMM) had a net loss of KRW 968.7 billio...
PierPass mulls extended gate options at LA/LB port complex PierPass Inc., the not-for-profit company that oversees a traffic mitigation fee charged to cargo owners picking up or dropping off loaded ...
Hapag-Lloyd grows Q3 earnings as it wraps up UASC integration Hapag-Lloyd's net profit for the third quarter of 2017 skyrocketed to 54.3 million euros (U.S. $64 million), a sharp increase from the 8.2 ...
Newly launched UAE bunker trader Ennero plans to focus on Middle East, Africa Ennero brings a modern, flexible and innovative approach to trading and supply, Lansdowne said.
SUBSCRIBER NOTE: Platts to launch new Ultramax, Supramax, Post-Panamax voyage assessments
NYMEX announces changes to reflect Platts Singapore gasoil switch to 10 ppm
Growing reliance on OPEC once US tight oil plateaus post-2025: IEA US to account for 80% of global oil supply rise to 2025 .
Trafigura plans to turn Mexico into major refined products export hub "Mexico could become the new Panama," Katia Eschenbach, Trafigura oil and gas director for Mexico and Costa Rica said.
FUTURES: Crude weakens further as pessimism returns
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