Navios Acquisition targets stock buy-back after end-2017 loss Tanker company eyes better days ahead for crude and product sectors
Platten takes over from Hinchliffe at International Chamber of Shipping Head of UK shipping association moves up to global role at time of greater environmental and technical scrutiny
Plea for sulphur cap transition period persists at IMO Saudi Arabia and other members foster hopes of a transitional period after 2020
How inspiring women will create a thriving maritime industry Companies that embrace diversity are far more likely to innovate and grow than those that take a narrower approach to...
Putting safety back at the top of the agenda Digitalisation, the environment, and unmanned shipping have swept safety aside. Or have they?
Tanker fundamentals to prevail in 2018 Higher global oil demand and slower tonnage growth to help recovery, says Ardmore Shipping head Anthony Gurnee
EIA's 2050 US energy landscape favours oil and LNG shipping Report by US energy body see increasing energy efficiency, while rise of coal exports last year likely a one-off
IUMI leader hails 'signs of end to soft marine market' Rates actually hardening despite ongoing overcapacity, Dieter Berg claims
Liner reliability on major trades slumps Performance of containership operators plunged 8.4 points last year to 74.5%, says analyst
Daily Briefing V.Ships is in advanced talks about a deal that would give the ship management giant majority control of Bernd Kortüm's...
CMA CGM launches liquid reefer solution Unique Reeflex technology will allow liquids such as juice, milk and syrup to be moved by bulk in refrigerated containers
Shipping needs another NotPetya Maersk attack was a wake-up call but the industry is still in sleep mode, says former FBI cyber chief
IMO says 'no turning back' on 2020 sulphur cap Ban garners sufficent support amid warnings of its negative impacts on markets and nations
Robert Yildirim eyes Mississippi port investment The Turkish entrepreneur has returned from the US with plans to invest in niche businesses including ports, logistics and warehousing
MPC Container Ships raises $75m from private share issue Proceeds to help finance company's vessel acquisitions
India proposes ambitious LNG import plans Move comes amid country's plans to double LNG's share of its energy mix to 15% by 2022, says Reuters report
Japan's MHI quashes claims it is disposing of stake in automaker arm Media reports had said the company decided to offload its stake in Mitsubishi Motors to reduce exposure to weak earnings
HHI to develop LPG dual-fuel engines with MAN Diesel South Korean group has built about 150 LPG carriers and accounts for about 30% of the global vessel engine market
JES fails to offload its debt-ridden shipbuilding business Former chief executive Jin Xin has been given a 12-year jail sentence, says company
Precious Shipping positive about dry bulk prospects Bangkok-listed dry bulk owner marks year-end with a return to the black
DSME secures $360m order to build two LNG carriers The vessels are expected to be delivered by June 2020
DP World volume up 10.1% in 2017 Port operator expects to continue to grow ahead of market in 2018
Stolt-Nielsen to buy back $30m in shares Oslo-listed tanker owner will repurchase $28.3m in shares after buying back $1.7m in stock in March 2016.
KNOT Offshore investor sells $4.3m in shares Kayne Anderson Capital Advisors drops stake in New York-listed master limited partnership (MLP) to 6.27%.
Bulkseas keen on more capesizes after Bulk India buy Greece's Bulkseas Marine Management confirmed the purchase of its first capesize vessel and said the company is keen on buying a few more, if it can get the right price for them. Company managers at the Stavros Meimetis-led company said the outfit has agreed to buy the 177,600-dwt Bulk India (built 2004) from Japan's Nissen Kaiun. The deal was agreed about three weeks ago at a price of $14.2m. T
NRS talks with V.Group in final furlong Shipmanagement giant tipped to head a line of up to 15 interested parties.
Ardmore: traders taking tonnage 'quietly' Product tanker owner sees uptick in long-term cover from trading houses as bullish sign for market.
DryShips lines up $50m share buyback plan Stock repurchase is announced alongside latest quarterly dividend payment.
BNY Mellon take piece of Scorpio Tankers US-based asset manager takes first piece of owner of largest product tanker fleet.
TechnipFMC buys Island Offshore Subsea New York-listed group's move kicks off wider cooperation with Norwegian owner.
DFDS completes $50m share buyback Danish ro-ro owner meets target set back in August.
Ardmore Shipping edges ahead of fourth quarter forecasts Fourth quarter loss is not as deep as analysts had chartered.
Klaveness opens pop-up Dubai office Bulker owner's new base will only be around for 11 days.
'Disruption is the new black' Topaz Energy and Marine CEO Rene Kofod-Olsen says OSV owners must adapt to prosper in a post-crisis world.
Navios Acquisition closes in on leaseback Transaction would refinance debt on a quartet of product tankers.
CJC shoots for expansion with new hires Senior partners joining in Singapore, London as law firm takes next global step.
Hoegh Giant gets to work with spot market exposure Hoegh LNG has secured some exposure to the rising LNG carrier market spot with one of its FSRUs beginning a deal with Gas Natural today. Stohle stresses contingency plans amid project concern Oslo-listed Hoegh says the 170,000-cbm Hoegh Giant (built 2017) started a three year charter and is bound for the US to load its first cargo. Gas Natural has the option to use the vessel as an FSRU but for
Winning Shipping tied to twin capesize deal Brokers flag up double bulker addition running to almost $50m.
DHT Holdings 'preserves muscle' as tanker market sags Further acquisitions off the menu for now after VLCC fleet was doubled in 2017.
JMU feels pinch from LNG carrier losses Japanese shipyard sees further pain to come as the result of production problems.
Crude hardest hit as stock slump takes 6% bite of shipping Pareto Securities analysts count the maritime cost of global stock selloff.
Tamai Steamship cuts nine-month loss Supramax owner forecasts a return to profit for the full year.
Former SBIC chairman held on fraud charge Vietnam accuses Nguyen Ngoc Su of making profit from bank deposit.
Crystal Cruises downsizes newbuildings Genting company redraws 100,000-gt design to offer "impeccable service".
Danko Koncar in talks over Arctech Croatian yard tycoon could buy control of USC-owned shipbuilder.
Nova Algoma Shortsea Carriers buys mini-bulker Swiss-Canadian joint venture completes second S&P deal in less than two months.
Ties of friendship helped Marco Polo revive New owner of OSV player counts CEO Sean Lee as childhood friend.
Acta Marine returns to Ulstein for second CSV Dutch firm orders vessel just a year after ordering first unit at Norwegian shipbuilder.
Precious Shipping reports first quarterly profit since 2014 Khalid Hashim-led bulker owner benefits from 30% year-on-year increase in freight rates.
Hyproc returns to Jiangnan for LPG carrier State-owned Algerian shipowner back in China to exercise option on mini-gas carrier.
Ship's bosun beaten by pirates off Vietnam Incident off Godau Anchorage first in a year to use violence, says security consultancy Gray Page.
Mermaid sees two heads as better than one Thai-backed offshore vessel operator has appointed a second chief operating officer.
MOL, Total Marine Fuels ink charter contract for LNG bunker vessel Japanese ocean carrier Mitsui O.S.K. Lines (MOL) and bunkering services provider Total Marine Fuels Global Solutions (TMFGS) have signed a ...
AAL, HMM launch Asia-Middle East multi-purpose service Singapore-based global ocean transport company AAL Shipping and South Korean container line Hyundai Merchant Marine (HMM) are combining for...
TITLE Act widely viewed as key element of fighting financial corruption The ability to incorporate in the U.S. without being subject to the same level of beneficial ownership transparency requirements as other d...
The tech-driven chassis provider On the surface, a chassis is a simple device - a steel frame with wheels for transporting ocean containers over the road. However, since t...
IANA: Intermodal volumes grow 5.4% 2017 North American intermodal volumes grew 5.4 percent in 2017 compared to the previous year following a 2016 year in which shipment volumes fe...
Executive Moves: SEKO Logistics, Port Tampa Bay and Evans Distribution Systems SEKO Logistics has appointed Shawn Richard to the newly-created role of vice president of global airfreight. A 30-year logistics industry...
NWSA approves Clean Truck Program despite trucker opposition Managing members of the Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Tacoma and Seattle, voted T...
U.S. trade deficit widens to 9-year high in 2017 despite Trump rhetoric The U.S. trade deficit - the amount by which the country's goods and services imports exceeds its exports - widened 12.1 percent to $566 bi...
Sen. Flake removes hold on Doud nomination as USTR ag rep Sen. Jeff Flake, R-Ariz., last Thursday released his hold on Gregg Doud, President Donald Trump's nominee for Chief Agricultural Negotiator...
Oil futures down after EIA data shows crude, product builds The oil complex turned lower Wednesday after US Energy Information Administration data showed builds last week in inventories of crude, gasoline and distillates.
OPEC Jan crude output 32.46 mil b/d, up 60,000 b/d from Dec: Platts survey OPEC crude production averaged 32.46 million b/d in January.
Bayou Bridge pipeline shows lessons learned from Dakota Access fight Last year, a lawsuit threatened to block North Dakota crude oil from flowing quickly to the Texas Gulf Coast. Now another suit seeks to block that same oil stream from heading to export markets via the Louisiana Offshore Oil Port.
TANKERS: IMO 2020 0.5%S ceiling to prompt MR demand: Ardmore The IMO 2020 global sulfur ceiling decrease to 0.5% from 3.5% will increase Medium Range tanker demand, as these ships will be moving marine gasoil from the world's refining centers to far-flung bunker consumption areas, Ardmore Shipping CEO Anthony Gurnee said Wednesday.
Japan's oil industry ready to meet IMO bunker requirements: transport ministry An inter-industrial and ministerial meeting has found that the Japanese oil industry will be able to supply different grades of marine fuels for domestic bunker requirements under the International Maritime Organization's 2020 mandate, an official at the Ministry of Land, Infrastructure, Transport and Tourism said Wednesday.
USAC bunker fuel price drop coincides with fuel oil stocks build USAC fuel oil stocks rose 614,000 barrels to 7.105 million barrels, a 9.45% increase.
Ex-BP marine fuels manager, Pacific Prime director to stand trial on graft charges Koh allegedly transferred $3.95 million to Chang between 2006 and 2010.
Taiwan's CPC to introduce MGO, discontinue supply of MDO from March 1 The switchover takes effect at all ports such as Kaohsiung, Keelung, Taichung, Suao and Hualien.
TRADER NOTE: OceanConnect Marine hires traders to start S Korean trading desk The desk is headed by Joon Kim and includes traders Daniel Park and Danny Han.
MAN Diesel & Turbo inks deal with South Korea's Hyundai to develop LPG dual fuel engines for ships The move towards lower emission limits is set to accelerate LPG's uptake as a marine fuel.
OPEC oil output to average 32.43 mil b/d in 2018, 32.7 mil b/d in 2019: EIA Rapid declines in Venezuelan crude oil output was also likely contributing to higher crude oil prices, it said.
FUTURES : Crude rises on API data, recovery in US stock market For the week ended January 30, API reported a surprise draw of 1.050 million barrels of US crude inventories.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
