Cosco steps into the consolidation fray with $6.3bn bid for OOCL Cosco's planned takeover of OOCL is the latest in a long run of mergers and acquisitions that is changing the...
A matter of scale Cosco and OOIL are embarking on what is likely to be a tricky and sensitive takeover
Higher freight rates and margin pressure subdue profits at Panalpina Forwarder reports 'robust' volume growth in first half of year
Vale and Anglo American raise iron ore production Vale expects 2017 iron ore output at the lower end of its range as Anglo raises its production guidance from...
EBRD backs Turkish ro-ro deal with funds Bank steps in to plug gap in long-term funding for Turkish companies, offering $32m for purchase of a new ship
Maersk upgrades cyber security measures Company reassures customers that a full post mortem of the Petya cyber attack will be carried out
EEX eyes growth in battle for freight clearing dominance European Energy Exchange sees 'significant' boost to market share from its recent agreement with London Clearing House
Wärtsilä profits grow amid marine sluggishness Manufacturer's marine business is worst performer, but picks up during the second quarter
Waterfront welcomes three ship agencies as network partners China's One Belt, One Road to provide ample opportunities to the wet and dry bulk markets
Practice makes perfect The expanded Panama Canal can now look back on its first year in operation. Have nay-sayers' prophesies of doom come...
Long Beach box volumes bounce back after hit following Hanjin Shipping collapse New director Mario Cordero hopes $4bn infrastructure programme will pay off as Cosco takeover of OOCL triggers competition between LA...
Singapore tops shipping centre index, with Shanghai on the rise Shanghai's rise in Xinhua-Baltic index shows robust shipping momentum in Asia, says Baltic Exchange China managing director Marcus Lee
Nam Cheong to stop debt payments while restructuring Debt-ridden firm seeks creditor support to avoid bankruptcy as market slump drags on
Aegean Marine appoints new president Trading manager for bunker supplier steps up to president's role as interim chief moves down a notch.
Overseas Shipholding Group picks new CFO Jones Act tanker owner makes interim appointment to role that was vacated last month.
Royal Caribbean shares hit record high after upgrade JP Morgan lifts earnings estimates as market shows signs of positive momentum.
Minister sees Fincantieri deal for STX soon Public comments from France's economic minister seen as positive for Italian shipyard.
United Ocean kamsarmax on the block
Ikaros Shipping sheds bulker as it awaits newbuild
Japanese owners demand charter payment up front New clause for higher risk charters will call for advance payments as a form of security
Tsakos grows boxship tonnage despite sale of panamax vessel
Valemaxes and offshore sting CSSC Shanghai Waigaoqiao Shipbuilding (SWS) has written down $500m in assets for 2016, mostly thanks to rigs, but also orders for 14 Valemaxes, whose value has been slashed by $89m
Topaz $375m bond to replace $350m notes
Infinity profit halved but margins solid
Newcomer purchases unwanted Asian Eternal handy tanker
Marshall Islands judge geared up to rule on DryShips investor suit
Angelicoussis VLCC newbuildings in line for long Chevron charters Greek owner in talks with energy giant over long-term employment for latest tranche of tankers
JR Shipping bullish on feeder recovery Dutch operator takes on tonnage as signs point to improved feeder and multipurpose markets
Workers set to chip in to buy STX France stake
PIL deemed an attractive target of future Cosco growth Singapore liner operator tops the list of remaining potential liner shipping takeover targets, says analyst
Neo-panamax values follow rise in charter rates Asset values are finally rising as tonnage in the larger boxship sizes is drying up
Plan to sell Rickmers fleet as a whole is abandoned Administrators are now looking at a new operation involving targeted sell-off of stakes in six post-panamax boxships
Fugro puts Rem Etive to work off Australia
Lessors chasing $275m in Tidewater damages Tidewater claims costly lease default damages should not be enforced, but lessors want the shipowner to pay up
Seamaster targets MSC over Safmarine Meru fire losses
Rolls-Royce bags three-year deal to service Siem fleets
Russian exploration spend falls sharply
Judge's order could free Cosco affiliate from GO repair spat Court throws out bid to seize Chinese containership, but gives GO Shipping's lawyers another chance to refile lawsuit
Far Shogun marks another 'bank-driven' vessel sale Investors are picking off bargains as banks seek to slim down clients' support vehicle fleets before the next round of restructurings
NOCC does not let heavy losses dent its confidence
Nordic boss plays down tripling profits
Company flexes its floating regas muscles
EGD plans expansion as profits double
From tanker captain to Flex LNG frontman
Crew abductions rise but Filipino piracy declines This year is expected to see the fewest number of attacks on record, but ReCAAP boss remains concerned about the spate of kidnappings
Flex LNG limbers up for market upswing in 2018 to 2019 Almost four months into the job, new chief executive Jon Cook gives a glimpse into the direction of travel for John Fredriksen's LNG empire
Shearwater helps Rieber roll with the punches
Rieber adops Berg's model as it seeks to adapt GC Rieber Shipping chairman says Christian Berg and Bech Offshore are a natural fit in an offshore market that is turning into a new paradigm for owners
Top Greek owners continue to lead from front in S&P market TradeWinds research confirms Greeks' role as the driver of sale-and-purchase activity in the first six months of the year
Pressure mounts as unions and employers lock horns over pay Seafarer unions and employers play hardball after relations sour in wake of personnel changes, market slump and challenges to ITF boycotts
Report questions role of stress in master's death
Salvage cases hit highest number this century despite LOF slump Tsavliris and Ardent take lead in emergency work in another poor year for 'no cure, no pay' Lloyd's Open Form contracting
Danske Bank reverses $36m of loan losses But Danish lender said impairments continued for shipping and offshore in second quarter.
EEX sets date for LCH contracts transfer Novation of open freight positions to take place no later than 17 November.
Ships to slowsteam in Canada for orca study Two-month research project aims to look at impact of underwater noise on whales.
Portland Planning Board backs waterfront zoning change for port warehousing The Portland, Main Planning Board is backing a zoning change project that will benefit reefer ocean liner Eimskip, according to local news ...
Leadership change imminent at terminal operator GCT? A shift in upper management could be imminent at GCT Global Container Terminals, as CEO Stephen Edwards could be parting ways with the Vanc...
HMM cuts capacity 28% amid alliance realignment South Korean ocean carrier Hyundai Merchant Marine (HMM) cut its containership operating capacity by 28 percent between April and the end o...
Executive Moves: Delta Air Lines Cargo and TTD Source: Pressmaster/Shutterstock Delta Air Lines Cargo appoints director, cargo sales for the Asia-Pacific region; and the Transportation Tr...
UP Q2 2017 earnings speeds past analyst expectations Union Pacific Corp. posted a net income of $1.2 billion on operating revenues of $5.3 billion for the second quarter of 2017, up 19 percent...
CP sees strong revenue growth in Q2 2017 Canadian Pacific Railway (CP) in the second quarter of 2017 posted revenues of $1.64 billion, a 13 percent increase compared to the same 20...
U.S. Bank freight index shows steady gains in shipments, spend The freight payment solutions provider U.S. Bank on Thursday released an index of shipments and freight spend nationally and by region. Th...
MDOT applies for federal funding for Howard Street tunnel expansion, again Maryland must reapply for a federal grant for reconstruction funding for a critical intermodal tunnel to and from the Port of Baltimore. T...
NS to consolidate divisional operations this fall Norfolk Southern Railway (NS) will consolidate its Central Division headquarters operations in Knoxville, Tenn., into three surrounding div...
Fuel oil hi-lo spread narrows to one-month low on weak LSFO cargoes Up to four cargoes remain unsold in the Mediterranean, sources said.
Angola LNG launches sell tender for August-September cargo: market sources The closing date of the tender is July 26, with a validity period ending on July 28, they said.
TANKERS: Americas MR rates hit 7-week low on slack activity, long positions Sources said the entire Americas clean tanker market was beginning to fracture.
Oil complex weakens after ICE September Brent flirts with $50/b "There wasn't a lot of other news out there and it caused people to sell off and close lower on the day," he said.
TANKERS: Americas MR rates hit 7-week low on slack activity, long positions Sources said the entire Americas clean tanker market was beginning to fracture.
TRADER NOTE: Ex-WFS traders start own bunker firm Mattias Eckeberg and Sebastian Clausen, former employees of Word Fuel Services, have formed Lloyd Bunker, a broking and trading company in Bremen.
External: Wired Bunkering
Bureau Veritas, Singapore's Ascenz ink agreement on ship performance solutions The Shipulse CarbonComply module enables automated monitoring and reporting of ship CO2 emissions under EU-MRV regulation requirements.
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