Hafnia Tankers swings into loss Product tanker owner envisages an improved market going forward
J. Lauritzen narrows its second-quarter loss Danish owner lowers its earnings forecast for the year
Consolidation comes to containership owners The proposed joint venture between Döhle and Costamare shows size does count for non-operating owners
Döhle and Costamare want thumbs-up for million-slot boxship giant Hamburg-based joint venture plan awaits regulatory approval
Intra-Asia carrier SITC posts 20% rise in net profit to $85m Volume has substantially improved but freight rate has declined slightly during the first half
Team Tankers remains in the red on market weakness Tanker operator saw general weakness across all market segments
Ansheng Shipping revises $105m box buying programme to boost reefers Chinese shipping line wants to expand into the Southeast Asian market
Seadrill amends loan facilities in preparation for likely Chapter 11 filing Change strikes off subsidiary Seadrill Partners and its consolidated units as being listed as a borrower or guarantor of the...
Vopak's Malaysia terminal expansion to boost tanker traffic MR and LR clean product tankers to benefit
US Treasury settles Iran sanctions violations with freight forwarder American Export Lines agrees to pay $518,063 for transhipping used cars and car parts via Iran
Fatal collision between warship and boxship caused by poor seamanship on both vessels, says US Navy Three senior officers on warship USS Fitzgerald relieved of their duties
China Merchants Port issues $150m loan to develop Djibouti facilities Loan with one-year maturity will be made to Djibouti Asset Company
Daily Briefing
Manufacturers press US government to curb LNG exports Industrial Energy Consumers of America seeks to halt further LNG export approvals to non-free trade agreement countries
TEN fixes two suezmaxes on long-term hire Athens-based tanker operator expands on long-term relationship with major US oil concern.
Kirby's chief financial officer steps down Departure of chief financial officer of tank barge operator not expected to have big impact.
Analysts: TOTE order to pressure Matson Entry of new company into Jones Act market is unwelcome and creates headwinds for Matson, analysts say.
Klaveness Ship Holding cuts first half loss Tanker market a drag for Norwegian owner but second half progress is expected.
Diana gets pay raise on panamax boxship Rates on comparable size containerships up strongly from a year ago.
Golden Ocean eyes time charters and stays open to growth Birgitte Vartdal says some contract cover is in the pipeline and the owner will review expansion options.
Hafnia Tankers hit by weak products market in second quarter Mikael Skov's Hafnia Tankers slipped into the red in the second quarter but remained in profit for the first half of the year. Oslo over the counter listed Hafnia saw its bottom line fall to a loss of $3.9m in the three months to the end of June, down from a profit of $6.6m at the same stage in 2016. Across the first six months of the year Hafnia recorded a profit of $2.4m, against the $16.3m s
Songa Bulk makes it 13 with kamsarmax deal Expanding Oslo-listed company brings its total spending to around $236.5m with latest bulker addition.
GC Rieber slashes loss as Berg takes charge Norwegian offshore vessel owner reduces red ink on the back of higher utilisation.
Kannegaard joins Monajsa as head of Copenhagen division Monjasa has strengthened its position in Copenhagen with the recruitment of Mikkel Kannegaard, the one-time personal assistant of legendary shipowner Maersk Mc-Kinney-Moller. Kannegaard will begin his time with the bunker and tanker group in Dubai before returning to Denmark. Svend Stenberg Molholt, interim managing director for Monjasa Europe, said: "Mikkel brings relevant experience from the s
TOTE unveiled as buyer of Philly newbuildings US owner and compatriot shipbuilder confirm project for boxship quartet.
J Lauritzen takes in six handysize bulkers Danish owner in chartering push as dry bulk market shows slow recovery.
Maersk Tankers in aframax pool push Chief executive says owner is aggressively seeking new ships for latest platform.
US Navy relieves officers over ACX Crystal collision USS Fitzgerald captain and second in command said to face career-ending actions.
SITC sees profit grow in first half of 2017 Hong Kong-listed feeder containership carried more containers, but at slightly lower rates.
Ardmore linked to MR sale and leaseback deal Low-profile Singapore-based leasing company said to be behind two ship transaction.
Weaker rates dent Team Tankers Oslo-listed shipowner continues to offload tonnage as it prepares for sector recovery.
O'Hare moves forward with cargo expansion The Chicago O'Hare International Airport's second phase of its Northeast Cargo Center officially opened for business Thursday. The 240,000...
Suez Canal to slash transit rates for containerships Transit rates for container vessels in the northern and southern Suez ports will be reduced from between 3 percent and 50 percent, the Egyp...
North American freight market shows signs of a strengthening economy The North American freight market has continued its positive trend, albeit less strong in July 2017 with a 1.4 percent year-over-year incre...
Report: UP to cut 750 jobs by mid-Septermber Union Pacific Corp. (UP) will reduce its workforce by roughly 500 management jobs and 250 railroad workers by mid-September, according to a...
MSC, Hapag-Lloyd shake up Europe-ECSA trade Ocean carriers Mediterranean Shipping Co. (MSC) and Hapag-Lloyd are launching a joint service between North Europe and South America's East...
Walsh sworn in to head U.S. Commercial Service Elizabeth Erin Walsh was sworn Thursday as the Commerce Department's new assistant secretary for global markets and director general of the...
Wisconsin approves tax-incentive package for Foxconn plant The Wisconsin state assembly voted to approve a $3 billion tax-incentive package for Tawain's Foxconn Technology Group, according to multip...
SCFI declines 2.1% The Shanghai Shipping Exchange's Shanghai Containerized Freight Index (SCFI) fell 2.1 percent since last Friday's reading of 878.27 to a re...
South Korea lifts ban on U.S. poultry imports South Korea has lifted a ban on imports of U.S. poultry and poultry products, including fresh eggs. The country established the ban in res...
Governor opposition complicates Trump administration's Atlantic drilling plans This is significant since the administration is required by federal law to consider local and state opposition to offshore drilling before it approves a lease sale.
ANALYSIS: Why are Las Palmas bunkerers seeing record Qatari LNG traffic? August has already seen two such arrivals, by the Shagra and Umm al Amad.
Greek cruise traffic down in H1, 2017, but bunker demand buoyant "This year demand from cruise vessels is much less than last year," said one local bunker supplier this week.
Port of Gibraltar bunker calls in July jump 27% year on year A total of 591 vessels visited the port to refuel last month, up from 465 in the same month of 2016.
External: Wired Bunkering
Vopak expands Malaysia storage capacity to meet post-2020 bunker demand The Pengerang Independent Terminals Sdn Bhd will be expanded by 430,000 cu m to 1.7 million cu m.
FUTURES: Crude flat following mixed US inventory report
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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