Handover underway for Kea Trader salvage operations The 2,194 teu, Malta flagged vessel, owned by Lomar Shipping, ran aground on the Durand Reef, off New Caledonia, last...
Shipping's ambition and inequality collide at decarbonisation talks Developed and developing countries are faced with the unpleasant reality of compromise
Shipping stocks perform poorly in first quarter of 2018 The performance of US-listed shipping stocks during the first quarter of 2018 was mostly lacklustre, with only seven companies logging...
Owners hope sunshine can win the day Supply-demand balances are improving in box, dry bulk, oil and gas shipping sectors as shipping confidence index rises further
IMO faces day of reckoning on emissions Strong divergence of opinion sets the IMO on course for 10 long days of decarbonisation negotiations
Cosco still working on US watchdog's approval for OOIL purchase The CFIUS will decide whether Cosco will have OOIL's prized terminal assets in Long Beach
China's Fujian customs move to ban coal imports Vessels can still switch to other coal ports, but the curbs are likely to expand
Not all plain sailing for autonomous shipping Much to consider before shipping is ready for an autonomous world, Lloyd's List webinar concludes
FMC launches detention and demurrage investigation Call for information from carriers, terminals and shippers
ONE unveils senior appointments drawn from JV partners Senior appointments have been drawn from ONE's three shareholders to drive business on a regional basis
Unchecked corporate and national interests said to be threatening IMO governance Study by anti-corruption body finds that IMO is endangered by conflicts of interest and inordinate flag state influence
Trade war fears send shipping stocks tumbling Trump administration's drive against unfair trade has technology products next in its sights
Cosco Shipping Holdings optimistic on demand for 2018 Company expects competition in the market to be more 'rational', with greater focus on enhancing quality of customer service and improving...
Cargill: there are no winners in trade war Major dry bulk charterer and operator cites North America's leading role in Asia's food supply chain.
Evergreen opens Cambodia office Taiwanese container line also plans to launch new China-Vietnam-Thailand service.
D'Amico's bulker arm prevails in FFA case Italian shipowner wins on appeal in US court on central issue of defining its use of forward freight agreements.
Prosafe further extends Cosco standstill deal Talks between Jesper Kragh Andresen-led floatel owner and Chinese yard over delivery of two units hit third delay.
US to probe fees charged by boxships Investigation into charges levied on customers comes as shippers push back on what they call unfair fees.
GP Global adds five traders Bunker and tanker group poaches Glencore and KPI staff for expansion.
Robert Kuok exiting OSV sector Tycoon's MBC selling stake in POSH to fund bulker expansion.
Greek owners seek more clarity over sulphur cap conundrum Panel tells Golden Destiny forum they are still hedging their bets and weighing options over scrubbers
Fesco shares hit by Magomedov arrest Russian line's major shareholder held on embezzlement charges.
Torm takes spending past $350m with newbuilding trio New tankers at GSI backed by fresh loan and cash from equity issue.
Stealth ties up aframax in year-long charter Stealth Maritime has chartered an aframax tanker for a year to Cyprus-based Solal amid sliding period rates. The Greek shipowner has fixed its 112,000-dwt Iridescent (built 2009) in a deal that includes an option to extend an additional year. The rate is understood to be $13,750 per day. Both companies confirmed that Solal had chartered the ship, but they declined to comment on the charter ra
Indian seafarer missing from VLGC Trainee officer lost from Anglo-Eastern vessel off Madagascar.
Tax bill curtails profit at Rederi Gotland Swedish tanker and ro-pax owner sees annual earnings reduced.
Kreuz Subsea expands exec ranks Singapore OSV owner adds former L&T and Subsea 7 managers.
Fletcher scraps PSV trio as renewal continues Another veteran ship to be sold as Keith Fletcher says company well positioned for expected summer upturn.
Delta Tankers tipped for VLCC demolition sale Reported deal comes at a time when the market is cooling after stellar start to the year.
IMO lacks corporate governance, report says Lobby group claims industry is influencing government regulators decision making.
Pacific Drilling set for mediation talks with creditor group Talks handled by retired New York judge will be the next step towards restructuring plan.
AZ Marine fined over yard death Singapore facility and operations manager must pay $214,000 after 2016 accident.
Glencore refinances with $9bn loan Trader and charterer taps 58 banks for massive facility maturing in 2020.
Reach Subsea inks three short-term deals Norwegian owner fixes OSVs to existing and new charterers.
Maersk lifts Wheatstone's first condensate cargo US oil major Chevron fixes Danish-owned products tanker for debut export shipment.
Chinese buying bulkers as age restrictions approach Owners have been "extremely busy over the past three to four months" say brokers.
US Coast Guard evacuates crew over Easter New Orleans and Miami units in action rescuing injured seafarers over holiday weekend.
Drewry predicts modest growth for ocean carriers The container shipping market's healthy demand growth in 2018 and 2019 is likely to outpace fleet growth, leading to slightly higher freigh...
USTR accepting petitions for yearly GSP eligibility review The Office of the U.S. Trade Representative (USTR) is accepting petitions as part of its 2017/2018 Annual Generalized System of Preferences...
FMC launches first phase of detention, demurrage probe The U.S. Federal Maritime Commission (FMC) has asked container carriers and marine terminals to provide detailed information about their por...
Ryder snaps up e-commerce fulfillment provider MXD Group Ryder System, Inc. has acquired MXD Group, an e-commerce fulfillment provider, for $120 million. Miami-based Ryder said the deal will give...
USDA pegs substances for renewal on organics list The U.S. Department of Agriculture's (USDA) Agricultural Marketing Service (AMS) is renewing 17 substances on the National List of Allowed ...
OFAC adds three to Specially Designated Nationals list The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) added three individuals under ISIS designations to its Specially Des...
Compliance 360: Feeling the trade policy strain Those of us in the trade world who thought policy would settle down to some sort of soothed equilibrium a little over a year into the Trump...
UAE oil production rebounds after February onshore oil field maintenance Crude oil output from Abu Dhabi recovered to an average of 2.872 million b/d during March following planned onshore oil field maintenance during February, an industry source said Tuesday.
Ecuador crude exports dropped 11% in February from January: program Ecuador exported nearly 8 million barrels of heavy-sour crude in February, down 11% from 9 million barrels exported in January, a loading program seen Tuesday by S&P Global Platts said.
Russia to return to full OPEC/non-OPEC deal compliance in April: report Russia is planning to fully comply with its commitment to cut oil output under the OPEC/non-OPEC deal this month, Russian energy minister Alexander Novak said Tuesday, the Prime news agency reported.
Iraq aims for 6.5 mil b/d crude oil production capacity by 2022 Iraq has adjusted its crude oil production capacity target and is now aiming to achieve 6.5 million b/d by 2022, oil minister Jabbar al-Luaibi said Monday.
ARA fuel oil stocks jump 13% due to static movement east Inventories of fuel oil stored in the Amsterdam-Rotterdam-Antwerp region rose 13% to 1,061,000 mt in the week ended last Wednesday, the latest data from PJK Consulting showed, due to a halt in cargoes shifting east last week.
Oil firms as selling pressure eases on Wall Street The oil complex rebounded Tuesday taking direction from equity indices, which stabilized following a sharp decline Monday over fears about an escalating trade war between the US and China.
TRADER NOTE: UAE GP Global expands bunkering operations in UK, S Korea The expansion comes after the company started a Southern and Sub-Saharan African trading desks in late 2017.
Hong Kong's Brightoil Petroleum unable to publish results, needs more time Trading in its shares remain suspended until further notice.
TRADER NOTE: Hapag-Lloyd reorganizes Board to meet demands of rapid growth "The restructuring of the executive board will make it easier to meet the challenges arising from this rapid growth," the company said.
INTERVIEW: UAE's Renish Petrochem plans growth of oil products offering, storage - CEO SE Asia Renish is also mulling over setting up a lubricants manufacturing plant in future.
FUTURES: Crude rises amid bargain hunting after overnight slide "Trade war concerns plagued both equities and growth-related commodity prices, especially energy," a commodity economist at OCBC Bank 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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