Sinotrans Shipping taps new chairman Diversified China-based logistics firm appoints former minister to head its board.
Shoei Kisen car carrier in casualty Local reports indicate the PCC was on an outbound transit when it collided with a barge; rescue efforts ongoing.
AXIA raises bulker rate forecasts with 'clear runway' until 2020 Last year was just one chapter in market recovery story, Clinton Webb says.
Chinese shipbuilding giant to put rival yards in the shade A combined CSSC and CSIC would boast a formidable revenue stream and market share.
Latest capesize purchased by GoodBulk identified Hokoku Marine of Japan appears to be the seller of a capesize bulker to GoodBulk. Oslo over-the-counter listed GoodBulk announced the purchase of a 2007-built bulker of 174,000-dwt earlier this week. Brokers now point to the Ocean Commander, first ordered at SWS by NYK Line, as the vessel involved. VesselsValue presently prices the ship at $20.1m, with brokers suggesting a similar figure in tod
Interorient tanker sale shows softening of asset values Interorient is believed to have sold one of its product tankers. Brokers say the transaction suggests a slight softening of asset values in the sector. Interorient has secured around $7.6m for the 37,300-dwt Baltic Champion (built 2003), shipbrokers report. It was not possible to reach officials at Interorient for comment at the time of writing. Super-Eco makes way for new tonnage Sources not
Beijing set to approve Chinese shipbuilding mega-merger State set to sign off on combination of China State Shipbuilding Corp and China Shipbuilding Industry Co.
Fire strikes Golden Ocean bulker in Italy Extent of damage to ship controlled by John Fredriksen's dry cargo outfit remains unclear.
Japanese trio eye LNG bunkering in Tokyo Bay Shipowner, trading house and port company team up ahead of IMO 2020 global sulpur cap.
Majestic orders seven ferries in Indonesia Singapore ferry operator set to expand its fleet to 16 vessels with latest newbuildings.
Trump may punt finalization of KORUS to manage North Korea President Donald Trump on Thursday said he may delay finalization of a deal in principle to modify the U.S.-Korea Free Trade Agreement (KOR...
HMM plans to become one of the "super carriers" by 2020 Hyundai Merchant Marine (HMM) plans to become one of the container industry's "super carriers" by 2020, controlling a fleet with a capacity...
FRA taking 'proactive approach' to PTC implementation The Federal Railroad Administration (FRA) says it is taking a more "proactive approach" to assisting railroads in complying with a congress...
U.S. talks with EU on tariffs could revive TTIP negotiations, Ross says The United States is looking at ongoing tariff exclusion talks with the European Commission as a potential segue to revive Transatlantic Tr...
Abandon Shyp! Ambitious growth plans sink 'on-demand' shipping startup Shyp, a San Francisco-based shipping startup that at one point sported a valuation of $250 million, shut down operations for good earlier t...
Kerry Logistics delivers earnings growth in 2017 Kerry Logistics Network Ltd. posted a profit attributable to the shareholders of the company of $2.12 billion Hong Kong (U.S. $269.6 millio...
Delaware strikes preliminary deal with Gulftainer The State of Delaware struck a preliminary agreement with Gulftainer Group, which will lease the Port of Wilmington for 50 years and constr...
Independent truckers back HOS rest bill The Owner-Operator Independent Drivers Association, which represents the country's small trucking operations, has thrown its support behind ...
US crude output getting lighter: EIA The growth of the Permian shale play is not only boosting US output to record levels, but making domestic crude lighter, according to new US Energy Information Administration data.
Russia's March crude output shows compliance with OPEC/non-OPEC deal fell Russia produced 10.969 million b/d of crude oil and condensate in March, a slight increase on February volumes, with the energy ministry conceding that last month's figures show compliance to the OPEC/non-OPEC deal was below 100%.
Kuwait says crude production from Partitioned Neutral Zone could restart in 2019 Kuwait could see the first oil production in 2019 from the Partitioned Neutral Zone, shared with Saudi Arabia, after more than two years out of action, a senior government official told state-run Kuna news agency Monday.
US EPA scraps 2022-25 fuel economy standards, may take aim at California The US Environmental Protection Agency on Monday formally scrapped the Obama administration's fuel economy standards for 2022-25 model year cars and light trucks, a move that was widely expected and sets up a confrontation with California over its stricter standards.
Open interest for ICE front-month Singapore HSFO contracts down 11.23% on month in March Open interest for front-month high sulfur fuel oil contracts traded on the Intercontinental Exchange was down 11.23% month on month at 9.173 million mt as of March 28, ICE data showed Monday.
EIA says Jan residual fuel oil exports to Panama slid 55.64% on month US residual fuel oil exports to Panama totaled 303,000 barrels in January, down 55.64% from 683,000 barrels a month earlier, Energy Information Administration data showed Monday.
Uncertainty looms over marine fuel sulfur limit In about 20 months, the shipping industry is going to start burning a fuel that today they know next to nothing about.
NYMEX crude nears $63/b as equities pull oil lower Oil futures followed equities sharply lower Monday as global financial markets began the second quarter on a bearish note with investors unnerved once again by trade-related headlines.
FUTURES: Crude rises on lower US rig count, awaits fresh cues "The bullish rhetoric from the previous week on OPEC's determination to comply and possibly extend their production cut deal are supporting prices," an analyst at Phillip Futures said.
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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