EU shipping must remain competitive, say flag states Competitiveness remains top of the agenda for EU trio. Europe must balance priorities of the environment and competitiveness if it...
Seaspan launches $200m bailout for Swiber Several hurdles remain before deal - which will see the boxship owner venture into unfamiliar territory - can be formally...
Cyber theft and energy costs top shipping industry's list of concerns Cyber attacks and data theft are now the maritime industry's Achilles' heel, according to the Global Maritime Forum
Tariffs to have long-term impact for trade US producers will see competition grow as trade tensions lead companies to divert investments elsewhere and countries such as Brazil...
Ocean box rates set to fall Spot rates on the transpacific are currently up by more than 50% over last year, while Asia-Europe rates sit 5%-10%...
Canada takes control of UK's Forth Ports Forth Ports operates eight port facilities in the UK including Grangemouth, Dundee and Tilbury
Fuel suppliers seek to quell industry concerns Not all suppliers are born equal and 2020 will highlight the quality differences, says ExxonMobil
Singapore prepares for 2020 low-sulphur rules To kick-start the use of liquefied natural gas as a marine fuel, MPA has co-funded the construction of eight LNG-fuelled...
Intercargo elects Dimitris Fafalios as chairman Bulker owners' association bemoans regulators' 'lack of understanding' of tramp trades
Reach Shipping takes on IRISL newbuilds Reach Shipping Lines' inaugural sailing was made by Tenreach, formerly Rayen, embarking the Chinese port of Qingdao last week
Shell plans supply ports for very low sulphur fuel oil In Asia, Singapore is the only location where Shell would supply very low sulphur fuel oil from 2020
Call for greater transparency on low-sulphur bunker surcharges Carriers need to communicate with their shipper customers better to explain how new bunker adjustment factor surcharges are being calculated
Port planning faces increasing challenges As shipping becomes increasingly concentrated around a smaller number of hubs, feedering will become more prevalent worldwide, the ITF says
Box line consolidation trend continues Concerns regarding rising protectionism and overcapacity in container shipping could challenge the benefits of consolidation, but growth opportunities still exist
Daily Briefing Shipping's biggest challenge is a shift in mindset, not fuel | Carriers' fuel cost recovery methods lack transparency: survey |...
Intercargo says sulphur cap approach flawed Intercargo chairman believes the implications of introducing a sulphur cap should have been addressed with fuel suppliers first
Class societies criticised over sulphur cap silence Audience members at an Intercargo presentation pressed ABS's Peter Fitzpatrick on classification's insufficient support in the face of the 2020...
Carsten Mortensen leaves DHT Holdings board Former chief executive of BW Group resigns from six-member panel as capital markets veteran Anders Onarheim comes aboard.
Offshore investment 'a one off' says Seaspan US-based containership player says it will continue focus on boxship sector after putting $200m down on Singaporean OSV group Swiber Holdings.
Bunker price breaches the $500 mark Vessel earnings and shipping demand could be negatively affected as bunker prices rise to their highest in four years.
Panama Canal expects hundreds of cruiseships Panama Canal Authority forecasts the passage of 234 passengerships over the 2018-19 cruise season and more than 237,000 cruisegoers over the ext year.
Seanergy appoints new top accountant Stavros Gyftakis, Seanergy's former finance director, has been promoted to chief financial officer, relieving chief executive Stamatis Tsantanis of interim duties.
China Merchants chief confirms US crude imports have stopped Data supports comments but spot brokers are not worried as seasonality kicks in and rates climb.
AG Shipping & Energy on tanker hunt Mangish Kakodkar-led tanker player is interested in more vessel acquisition opportunities
Newport Shipping buys 100 scrubbers UK ship repair company may buy up to 200 exhaust gas scrubbers from Chinese manufacturer to protect against price hikes, production jams.
Ex-Solstad anchor-handler starts new life in Nigeria NigerStar 7 eyes bigger OSV slice as it acquires biggest vessel in domestic sector.
Floatel checks into bond market for $475m Keppel and Oaktree linked Floatel International is the latest offshore player to secure new capital by tapping the bond market. It has raised $475m from a bond issue working with Fearnley Securities and Pareto Securities. Shipowners turn to Norwegian bond market as investors thirst for new deals Floatel, led by Peter Jacobsson, began exploring the bond move last month with a view to printing
Lloyd Fonds falls to a loss German asset manager foresees more red ink due to switch of focus.
Diamlemos bulker auctioned at reserve price The 74,800-dwt panamax Angelic Grace (built 2001) goes to unknown Greeks at minimum $5.5m
Yangzijiang stock downgraded by OCBC Yangzijiang Shipbuilding stock has been downgraded by analysts at OCBC Investment Research. Low Pei Han lowered the Singapore-listed shipbuilder from buy to hold, while boosting its target price to SGD 1.32 per share, Bloomberg says. Yangzijiang stock closed at SGD 1.29 each on Wednesday, with more than 20 million shares changing hands, according to Reuters.
K Line's offshore arm gets cash injection Japan's K Line is strengthening the equity of Norwegian unit K Line Offshore with a NOK 150m ($18.7m) injection. K Line reverses year ago loss to return to profit The move brings the offshore vessel owner's total equity to NOK 1.27bn and follows a recent NOK 430m equity boost. K Line, one of Japan's biggest shipowning groups, is seeking to bolster the subsidiary amid a weak market for anchor ha
Charterers to help foot Seanergy scrubbers bill Greek capesize company opts for scrubbers, with charterers to shoulder much of the expense.
Seaspan to the rescue with $200m bail-out for Swiber Holdings Boxship giant's investment paves the way for Singapore OSV group's recovery as it aims to move into FLNG.
ExxonMobil starts to detail LSFO offering Major tells Singapore conference some of the locations where its 2020 compliant fuels will be available
Prelude FLNG readies for second cooldown cargo Shell's giant floater inches closer to start-up as commissioning rolls on
USMCA another sign that shipping should stay on its toes on trade Trade deal's similarities to Nafta may point to a missed opportunity for shipping.
Sir Eric Yarrow dies at 98 Scottish baronet steered Yarrows through turbulent years for Clyde shipbuilding.
Seadrill buying back $126m of notes John Fredriksen's restructured drillship company cutting costs with debt redemption.
DNB Markets shares 2020 VLCC vision Analysts introduce Hunter Group with buy rating and place a $107m price on modern VLCCs come 2020.
Iraq and Iran resume shipping link Iraqi company starts passenger service to Khorramshahr.
LPGC deck swamped by tonne of oil after bunker mishap UK probe blames partially open valves and crew inaction for fuel leak.
Drewry survey shows shippers' IMO 2020 "unease" Cargo owners worried about recovery of fuel costs by shipping lines.
Ukrainian president Poroshenko sells shipyard Politician cedes ownership of former Leninska Kuznia facility in Kiev.
Rongtua Shipping breaks into bulkers Singapore logistics company reported to have ordered ultramax in China.
Bullish Borr Drilling sets four newbuildings in motion Troim-backed driller says it has started the process of preparing newbuilding quartet for business.
Anthony Veder signs pact for ARA bunkers Dutch gas carrier owner teams with Bunker Connect for real-time deals at key ports.
Minsheng marches into VLCC market with Dr Peters pair Transaction marks new ground for Chinese lessors who had previously avoided the market given risk associated with major oil spills.
Shell unveils VLSFO availability from 2020 Major gives one of the first lists of ports which will supply its low sulphur fuel offering.
Agents say cruiseship ban would be a 'death sentence' for Venice Government ministers' plans could affect 14,000 jobs and €1bn in turnover
Scrubbers, digital and Twitter dominate GMF day one The debate over future fuel choices starts to get heated as the Global Maritime Forum looks to map route to sustainable maritime future.
Banker Bru swaps DNB for BNP Paribas Long-standing DNB banker Kjartan Bru has joined French lender BNP Paribas. Bru has been appointed BNP Paribas in Oslo as head of Shipping & Offshore Nordics. BNP had a shipping book of €16.4bn ($19m) at the end of 2017, which accounted for just under 1% of the loans on its balance sheet. Analyst says 'proper recession' will sort 'sheep from the goats' The bank does not see shipping as a signif
DFDS denies fire on ro-pax Danish owner says Regina Seaways hit by technical trouble that caused Baltic breakdown.
Moorhouse retiring as Braemar chairman UK broker says former LR man stepping down after 14 years as a director.
Palmali tanker going under the hammer Turkish owner facing auction of Masalli in Estonia as Natig Aliyev prepares to leave Denmark.
Trade war threatens positive shipping outlook, warns Unctad Increased protectionism and trade friction risks undermining a broadly positive outlook for seaborne trade growth, says UN agency.
Maersk Supply Service recruits Swire's former wind guru Recruitment part of Danish offshore vessel operator's accelerated entry into offshore wind.
Singapore to promote availability of LSFO prior to 2020 City state also announces expansion of LNG bunkering group with addition of first Middle East member.
Shipping's 'Davos' kicks off in Hong Kong First Global Maritime Forum annual summit to address uncertainties and challenges facing the industry.
Equinor Rosebank deal potentially bad for DSME Oil major may look to gain synergies by ordering at same yard building Johan Castberg FPSO, says ABN AMRO.
Robbers target cold-stacked jack-up off Singapore Incident only discovered after security guards failed to make a routine radio call to base.
Cepsa ceases Iranian crude imports due to business interests Integrated oil and petrochemical company Cepsa, a key buyer of Iranian oil, has stopped purchasing crude from Iran ahead of US sanctions, it said Tuesday.
Oil price rise on US decisions, not OPEC-led group's actions: Putin Russian President Vladimir Putin Wednesday criticized the US sanctions against Iran and other producing countries as they are destabilizing the markets and pushing oil prices up, at a time when OPEC-led group had achieved the goal to balance the markets, he said.
Russia can increase oil output, but sanctions may cause further price rises: minister US sanctions on Iran may cause oil prices to rise further, Russian energy minister Alexander Novak warned Wednesday, even as he said his country was prepared to increase its production if the market sees a supply crunch.
Oil shrugs off stock build to settle higher Crude and products futures settled higher on Wednesday, shrugging off reports that US crude inventories moved sharply higher last week.
Robust appetite, supply squeeze may lift Asian gasoil even higher A robust appetite for cargoes has lifted the Asian gasoil market above the $100/b mark for the first time in nearly four years, a trend that could spill over into the fourth quarter, with supplies expected to remain tight.
External: Praxis Energy Agents DMCC
ANALYSIS: Exxon announces mutually compatible 0.5% sulfur bunker blends New Exxon 0.5% sulfur bunkers may come at a premium to other low-sulfur blends.
New Turkish Straits rules to shake up shipping, oil markets this winter New shipping regulations in the Turkish Straits have increased delays in the region for vessels longer than 250 m and could be a headache this winter for the large tanker market as delays and demurrage build, sources said.
NWE fuel oil fixed east on Suezmaxes on backwardation, tight VLCC availability
Shell announces supply ports for new 0.5% sulfur marine fuels Global producer Shell has announced supply locations for new 0.5% sulfur marine fuels to be used after the International Maritime Organization's limit drops to that level in 2020.
INTERVIEW: ExxonMobil readies for IMO 2020 as industry faces multi-fuel future We've had a good discussion with our customers around the requirements of their fleet and fuel mix, Volta said
INTERVIEW: Compliance with IMO 2020 rule to be high despite concerns - consultant Shift to VLSFO will be fairly quick, Tolson said.
FOB Singapore gasoil breaches $100/b mark for first time in nearly 4 years "[The] markets remained concerned about the tightening market balance," ANZ analysts said in a note.
ExxonMobil confirms specification details for its 2020 compliant bunker fuels Ports in Antwerp, Rotterdam, Genoa and Marseilles, along with Singapore, Laem Chabang and Hong Kong, will all offer 0.5% sulfur grades prior to 2020.
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