Panamax bulker earnings down 18% on waning US Gulf-China coal shipments Month-long rally comes to an end with "disappointing" Chinese coal demand
LR product tanker trades see their bread and butter sliced Soft Asian naphtha demand and newbuilding tonnage keep earnings low this quarter
Shanghai congested ahead of May rate rises Fog and changes in vessel schedules are adding to loading delays, along with increased traffic from the Yangtze river, operators report
Future still bright for private independent shipowners Shipping market will still be filled with other people's money but private owners have yet to lose their strength, say industry executives
Panama Canal gas transits 'surpass all expectations' LNG vessel transits to nearly double by 2020, says ACP
Weak pricing the new norm for Wärtsilä's marine business Challenging market conditions to persist, says engine maker's Roger Holm
Euronav's profit tumbles on short-term challenges But medium-term fundamentals keep tanker giant buoyant
Demolition to slow in 2017 despite pressure to scrap vessels Increasing rates putting a halt on scrapping, but new regulations will send ships to recycling yards, says Clarksons Platou
Digitalisation 'is just a means to an end' New technologies will only work if business processes change, research head warns
HHI's $2.3bn in orders is its highest since 2014 Group reaps rewards of perceived financial stability with shipbuilding enquiries doubling over last year
Zombie companies return to shipping The spectre of companies being propped up by banks is haunting the industry again, this time in the offshore supply sector
Wärtsilä's service focus pays off as marine demand stays soft Order intake up 11% in the first quarter, buoyed by services division
Carriers join fight against counterfeit goods Box lines have a role to play in preventing the other type of piracy
Singapore keeps its crown as world's leading maritime city City-state beats Hamburg, Oslo, Shanghai and London to top spot and is expected to keep its position in the future
Tanker market consolidation absolutely on the agenda, Teekay chief affirms Owners still in early stages of adapting to changing trade flows, says Kenneth Hvid
Owners need to scrap larger dry bulk vessels for sustained recovery Older vessels demolished are negligible in terms of capacity
Baltic Exchange revives container index ambitions after SGX acquisition Update: New chief executive Mark Jackson also plans to launch LNG freight index and expand FFA offerings
Frontline puts new offer for DHT on the table Update: DHT says it will respond 'in due course' after Fredriksen company puts the ball back in its court
Weak rates put Scorpio Tankers in the red But first-quarter loss for tanker owner still better than what analysts' estimated.
Involvement in ship leasing by China 'more by chance than design' Chinese leasing expert Zhou Ling also claims lessors could exit the sector as quickly as they joined if traditional ship finance makes a return
Singapore is 'world's top maritime city' Singapore has claimed the top spot in a survey of the world's leading maritime cities, which was conducted by Norwegian research and analysis group Menon Economics. Menon's third biannual "Leading Maritime Capitals" report was launched in Singapore yesterday, putting the Lion City in the number one position, followed by Hamburg, Oslo, Shanghai and London. Using 50 different indicators, and feedb
Private shipowners trump public rivals in Singapore debate Lemos, Chen and Koo lead the charge for private-sector shipowners - and it is concluded that the best days are far from over for the independent companies
Nobu Su shot down in case against Pappas Appeals court upholds decision throwing out lawsuit that alleged self dealing against Star Bulk chief executive, directors and shareholders.
HSW claims court victory over Grimaldi Greece's biggest ferry company says local court finds no evidence of wrongdoing.
UK War Risks Club on profitable course The United Kingdom Mutual War Risks Association is set to report a profitable year according to AM Best, which has affirmed the insurer's 'A-' rating. The ratings agency forecast a positive operating result and a strong investment performance as it gave an update on the club's financial status. AM Best characterised the club's operating performance as 'adequate' and noted its relatively small sc
Exmar and Vopak FSRU deal falls apart Eight months after announcing the transaction, two parties call it quits.
Frontline pulls plug on lawsuit against DHT A day after renewed takeover bid, Frontline dismisses New York case 'with prejudice'.
Flex LNG looks to fund newbuildings Private placement of shares Oslo-listed gasship owner will pay for two orders at DSME.
Hunter strikes deal for Oskar Wehr capes Saverys family's blank cheque company makes debut deal for five vessels after IPO.
Ferry windows smashed by freak waves NorthLink's Hrossey returns to Aberdeen following extreme weather incident.
Clarksons calls DHT reply as clock ticks on Frontline offer Clarksons Platou Securities believes deal has merit but thinks price may have to rise.
PSVs prosper as Norway sells out Eight ships booked for North Sea work on Wednesday.
K Line crewman died of multiple injuries UK inquest reveals Celso Banas hit by debris after January blast on boxship.
Sea Asia panellists renew calls for restraint Gupta sees signs for optimism but all insist against pushing the newbuilding button
Carriers remain optimistic about 2017 But analyst warns about dangers that overcapacity may return to haunt liner sector.
Prosafe wins $53m Statoil floatel charter Deal will see Safe Zephyrus working in the Norwegian sector of North Sea.
CSSC gets help from construction bank Chinese shipbuilder enters into debt-for-equity pact to improve its financing structure.
Euronav throws hat into consolidation ring Chief financial officer says owner could be in market for fleet transactions as rivals jostle for position.
Seadrill scraps $253m of Archer guarantees Restructuring Fredriksen company agrees $25m cash payment in deal with US energy company.
Injured crew airlifted from Tamar Manager Splosna Plovba says cause of fatal blast not yet known.
Mitsubishi Heavy lowers profit forecast Deterioration in shipbuilding partly to blame for more downbeat annual figure.
Wartsila keeps first quarter profit stable Marine design and solutions provider remains in the black as it boosts order intake by 11%.
Angelopoulos set for return in aframaxes Metrostar believed to be closing in on a contract for crude tankers at Daehan.
Euronav: 'Orders negative, tanker asset prices at bottom' Paddy Rodgers-led owner calls price trough and questions VLCC newbuilding run after strong first quarter figures.
Yara posts weaker first quarter profit Oslo-listed LPG carrier owner hit by weaker margins in opening period.
DHT puts Frontline on hold as tanker takeover epic twists again DHT reviews latest bid as analyst asks if "Godfather offer" has arrived or if it's just a case of "Groundhog Day".
Jackson sets out Baltic Exchange future strategy LNG and container indices planned as exchange boss chooses Singapore to launch bold blueprint under SGX ownership
Port of Houston increases tonnage, box volumes in Q1 The Port of Houston handled close to 10 million tons of cargo during the first quarter of 2017, an 11 percent increase over the same period...
Marten Transport speeds past analyst expectations in Q1 Temperature-sensitive truckload carrier Marten Transport, Ltd. had a net income of $8.2 million for the first quarter of 2017, ticking up 0...
Cargolux reports 2016 results Cargolux, a Luxembourg-based cargo-dedicated airline, reported a net profit of $5.5 million for 2016, down significantly from the $49 milli...
Baltic Exchange plans to expand with container product London's Baltic Exchange, which has long compiled indexes for dry bulk and tanker markets, said it has plans to expand its involvement in t...
C.H. Robinson increases net income, revenues in Q1 C.H. Robinson's net income totaled $122.1 million for the first quarter of 2017, according to the company's latest financial statements. T...
ITSTL acquires WDS rail terminal assets ITS Technologies & Logistics, LLC (ITSTL) has purchased certain rail terminal assets of Cleveland, Ohio-based intermodal services provi...
Pennsylvania approves $40m in state funding for rail infrastructure The Pennsylvania State Transportation Commission has approved $40 million in state funding for 34 rail infrastructure improvement and maint...
NY, NJ lawmakers call for increased federal infrastructure investment Federal lawmakers from New York and New Jersey are urging the government to increase investment in transportation infrastructure following ...
Port of NY/NJ box volumes slip 1.7% in March The Port of New York and New Jersey handled 508,270 TEUs of containerized cargo volumes in March 2017, a 1.7 percent decrease from the same...
Six vessels docked at Venezuela's CRP awaiting payment for refined products Three of the tankers are in Cardon's marine terminal and three are in the Amuay terminal, according to the report.
Private independent shipowners to stay: Sea Asia 2017 Traditional sources of finance for ship orders are drying up as many banks look to improve their lending portfolios and decrease risk, he said.
TENDER DATA: Petroecuador sells 1.33 million barrels of fuel oil to Glencore Specs & quantity: Seven 190,000 barrel cargoes of maximum 2.5% sulfur fuel
External: Wired Bunkering
Private independent shipowners to stay: Sea Asia 2017 However, size matters, and scale allows shipping companies to grow and enter new markets.
TANKERS: Frontline sends DHT takeover offer, demands halt of poison pill arrangements "Consistent with its fiduciary duties, DHT's Board will evaluate the proposal from Frontline," said Lind.
External: Global Risk Management
INTERVIEW: Denmark's Hafnia eyes expansion of LR2, MR tanker pools "We have a very strong ambition to grow the MR pool globally," Skov said.
ANALYSIS: Russia faces balancing act over OPEC/non-OPEC deal extension - Output cuts at mature fields hits state budget - Restraining output at current levels may be harder in H2
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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