Concordia forecasts weak spot earnings for product tankers this year High product stocks and newbuilding deliveries still weigh on rates, says Kim Ullman
Supramax bulkers slip in subdued week in Pacific But the US is hot, with a spot fixture to Asia seen at $24,750 per day
The future is automated shipbuilding and modular unmanned ships, says Rolls-Royce's Levander The first unmanned tugs will hit the water in 2020, with remote and autonomous technology making shipping safer and more effective
Can old shipping embrace new technologies? The industry is moving at a slow pace, but change is on its way
West Africa leads suezmax rally with earnings up 49% on week Owners ride on Nigerian exports as VLCCs seen as becoming too expensive for some charterers
Box shipping revival too early to call BIMCO report highlights the need for a sustained supply/demand balance and successful alliance implementation
Hope springs in Singapore as owners eye cautious optimism Spring is in the air, and in the economic indicators at Singapore Maritime Week, but economic heavy weather looms large longer-term
Economics must trump politics in Brexit deal, says Platten UK Chamber of Shipping warns of European port pain if a frictionless border does not remain post-Brexit
Shipping needs to define its 'why' to attract Generation Y Industry needs to do some soul-searching to bring in and hold on to millennial innovators
Further liner consolidation required to boost rates But second-tier box lines offer slim pickings for mergers and acquisitions
Bulker explosion kills two in Atlantic US, Portuguese and Canadian authorities co-ordinating a response to incident on board Peter Dohle-owned Tamar
Boxship supply imbalance to last until 2019 No let-up for carriers as delayed deliveries come into service
Singapore developing two new digital platforms for shipping industry Transport minister says initiatives will strengthen linkages within the trade, maritime and logistics sectors
SSA wants bloc ballast water exemption Shipowners' representatives working with flag states to push through exemption - a huge boon for regional operators
China remains key to the dry bulk market But overcapacity is still an issue despite recent developments, says Western Bulk chief
Shipping has more potential to grow in Asia Key supply areas, exporters and importers are all located within the region, says Braemar ACM Shipbroking
Frontline proposes even bigger DHT deal Not taking no for an answer, John Fredriksen-backed tanker owner says it wants the BW ships, too.
Tenth US LNG terminal OK'd for exports Export licenses first step in what is seen as major driver of LNG shipping demand.
Norway approves Fredriksen-Rokke offshore merger Competition authorities OK tie up between Deep Sea Supply, Farstad Shipping and Solstad Offshore.
VLCCs end surge with 12% spot rate slump Drop in activity in Middle East clobbers spot earnings for largest tankers as suezmaxes gain ground.
Analyst outlooks divided for LNG rates Credit Suisse and JP Morgan look more favourably toward 2018, while Drewry dims view.
H-Energy signs up FSRU for first Indian project New home found for Engie-chartered vessel after sistership started work in Turkey
Pareto Securities upgrades Diana Shipping Pareto Securities has upgraded shares in Diana Shipping following its return to the stock and sale-and-purchase markets. Analysts Eirik Haavaldsen and Oystein Dalby raised the New York-listed owner from sell to hold and upped their target price from $3.3 to $4.5 per share. It comes after Diana turned to Wall Street for $70m to support the addition of three bulkers, its first buys from a third pa
Sumitomo Heavy set for profit jump Japanese shipbuilder could see annual earnings rise 10%.
Scorpio Bulkers insiders shelf 13.1 million shares Administrative arm files for potential sale of shares acquired over the last year.
Scorpio Bulkers adds ultramax to fleet Owner backs up positive market view with two-year time charter contract.
Dennis Uy plans $161m shipping IPO Tanker and oil tycoon wants to expand his Philippines shipping empire through float of Chelsea Logistics.
Low tanker rates drag Concordia into the red But CEO Kim Ullman notes that the company outperformed the market and is preparing for recovery.
Belships squeezes profit in first quarter Oslo-listed owner returns to the black in an improving bulker market.
Hainan Strait expects big profit jump Chinese ro-pax owner forecasts earnings rise of up to 80% for first six months.
James Fisher extends deal for FSL trio London-listed owner stretches bareboat contract on three ships from SGX-quoted Trust.
Atlantic, Oceanus win $45m Middle East contract Singapore, Korean companies using seven ships to decommission offshore facilities.
North Korean ro-pax starts Russian run Vessel banned by Japan starting service to Vladivostok next month.
Mazagon and Goa shipyards tipped to merge Indian government reportedly wants to bring together state facilities ahead of IPO.
Milaha makes less in first quarter Qatar owner hit by boxship rate pressure and offshore impairments.
Ernst Russ takes one-stop shop approach German owner forms new company to exclusively manage its $4.35bn portfolio with 140 ships.
'Shipping must better embrace digital-info age' Kuehne + Nagel AG chief executive Dr Detlef Trefzger had a strong message to send to the shipping industry: collaborate and improve your data sharing with your partners across the supply chain so that cargo can move more efficiently and reliably. Trefzger was guest speaker at yesterday's Singapore Maritime Lecture and the boss of the logistics and freight forwarding giant shared the lessons the l
Finance and P&I set to occupy minds at SSA Ship finance and insurance are set to be two of the key focus areas for the Singapore Shipping Association (SSA) over the next 12 months as the country looks to maintain its status as an international maritime centre. "We believe that more needs to be done in the fields of ship finance and marine insurance," SSA president Esben Poulsson admitted at a breakfast briefing yesterday. "Our efforts on
Sekimizu calls on more nations to sign up to BWMC Secretary-general emeritus Koji Sekimizu highlights the IMO's 'remaining challenge' on the Ballast Water Management Convention ahead of its entry into force in September
OSM to crew K Line's LNGC fleet Joint venture formed with Ventis for new Japanese contract.
SeaBird adds West African work Cyprus-based owner secures a month-long 2D survey using Osprey Explorer.
Some restrictions lifted at Bayonne Bridge The Port Authority of New York and New Jersey said Tuesday some ships will immediately benefit from the work that has already been done on ...
Ryder's earnings drive downward in Q1 2017 Ryder System, Inc.'s earnings from continuing operations tumbled 32 percent year-over-year in the first quarter of 2017 to $38.3 million, a...
BIMCO: Container shipping sees better supply-demand balance The container shipping industry is benefitting from a better balance of demand for container shipping and vessel supply, but the performanc...
Dachser acquires majority stake in Johnston Logistics Global logistics provider Dachser has become a majority shareholder of its Irish partner Johnston Logistics Ltd. Dachser said the acquisit...
Four XPO drivers misclassified as independent contractors The California Labor Commissioner has found four drayage drivers working for XPO Cartage, a unit of XPO Logistics, were misclassified as in...
CMA Terminals, APSEZ to jointly operate Mundra Terminal CMA CGM Group's subsidiary, CMA Terminals, and India's Adani Ports and Special Economic Zone (APSEZ), a leading port infrastructure develop...
Bulk carrier explosion leaves at least one dead The U.S. Coast Guard is coordinating with the New York Air National Guard and the Canadian and Portuguese Coast Guards following an explosi...
Panama Canal plans 10-day outage of eastbound lane The Panama Canal Authority (ACP) is tentatively scheduled to shut down one eastbound laneat the original locks for 10 days in May for maint...
NWSA container volumes jump 14% in March The Northwest Seaport Alliance (NWSA), which comprises the ports of Seattle and Tacoma, Wash., handled 334,483 TEUs in March 2017, a 14 per...
Chile's Valparaiso sees normal bunker activity after earthquake: sources Copec noted that the local refinery, Aconcagua, was operating normally, adding there was no need for any force majeure declarations.
ANALYSIS: No sign of oil policy reversal from Saudi Arabia after royal decrees "Most Saudis recognize the system needs fixing, that there is fat to cut."
St Petersburg faces bunker demand rise on cruise season, open river navigation Russian river navigation was officially opened in southern Russia on April 1, the transport ministry said in early April
Med-North HSFO spread flips positive on improving Med demand The spread hit $0.25/mt late Monday, a rise of $0.50/mt on the day, from a close of minus $0.25/mt last week.
External: Wired Bunkering
INTERVIEW: Fiji fuel oil imports, bunker demand set to rise on robust economy, trade The country's ports have witnessed a rise in calls from box ships, bulk carriers and cruise liners.
Three more arrested Swiber vessels up for sale in Singapore The Swiber Mary-Ann has $50,925 worth of bunkers; the Swiber Anne-Christine $53,815, and the Swiber Else-Marie $54,937 worth of marine fuel.
India mulls foreign borrowings to develop major ports: minister India is developing 111 inland waterways to reduce the cost of moving goods and passengers within the country.
FUTURES: Crude ticks up in anticipation of stock draws
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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