Global Ship Lease agrees double CMA CGM charter Feedership owners continues streak of CMA CGM deals after merger with Poseidon Containers
Greek Shipping Awards 2018: Winners unveiled Platsidakis, Palios, Frangou, Kassidokostas-Latsis and Wiernicki among those honoured as Contship Management, Euronav, Clarksons Platou Hellas, BNP Paribas and Signal...
Hansa Heavy Lift files for insolvency US owner of HHL says insolvency is because of 'an extremely challenging operating environment in the global shipping industry'
CMA CGM backs Maersk's zero-carbon plan French carrier offers support for Danish rival's efforts to remove fossil fuels from shipping by 2050
Oil cuts to balance market, analysts say The agreed cut equates to 36 very large crude carriers, or 2.5% of the global crude tanker market, said Jefferies
Trafigura orders four gas carriers Overall shipping fixtures for the financial year ended September 2018 amounted to 4,190. This figure is up from 4,151 in...
Utah coal merchants eye port in Mexico There is a premium for finding new export outlets for US coal, and exporters are doing all they can to...
Moody's lowers Maersk rating The ratings agency said the financial flexibility offered by $5bn worth of Total shares is also positive, allowing Maersk to...
ADP inaugurates Cosco container terminal Cosco Shipping Ports Abu Dhabi Terminal will be expanded next year to accommodate 2.5m teu per annum, hosting services both...
Little return for carriers from Asia-Europe growth spurt Demand has risen in the final quarter of the year but utilisation rates remain too low for a significant movement...
Qingdao to build new VLCC berth The project will be the second VLCC berth in the Dongjiakou port area, which is a key bulk cargo distribution...
APL will merge intra-Asia trades with CNC APL takes over sister company CNC and consolidates intra-Asia business under CNC brand
Aldo Grimaldi, former head of Italy's shipowners' association, dies at 96 The Italian shipowning world has lost 'one of its most famous protagonists', says Confitarma president Mario Mattioli
Lloyd's List Outlook 2019: Regulation In 2019 regulators will settle final details around the 2020 sulphur cap and try to offer greater clarity on greenhouse...
Cargo carrier sinks off northeast China Beihai Rescue Bureau of the Ministry of Transport said the incident happened about 20 nautical miles to the northeast of...
IMO takes next steps on autonomous shipping regulation Safety regulators agree a two-phase approach which will wrap up by May 2020 and will consider regulatory changes or additions
Maran Gas orders LNG carrier at DSME The 173,400 cu m gas carrier is scheduled for delivery in the first half of 2021
Daily Briefing Lloyd's List Outlook 2019: LPG | Top 10 flag states 2018 | The Lloyd's List Podcast: The future of salvage...
Top 10 flag states 2018 Our Top 10 flag states list for 2018, ahead of our annual Top 100 most influential people in shipping series...
Cosco Shipping considers London listing The talk comes as CSH is seeking financial resources to repay the bridge loan provided by the Bank of China...
OSG extends litany of American Shipping charters Nine American Shipping Co (AMSC) tankers will stay in the employ of Overseas Shipholding Group (OSG) for the foreseeable future. Monday afternoon, the two jointly announced OSG was exercising options to extend charter agreements with the Norwegian tanker owner. Overseas Shipholding Group returns to black "Our decision resolves the uncertainty associated with approaching contract maturities," OS
Gourdomichalis brothers seek to recover ship after seizure Pacific Gulf Shipping simply described a shipping company, court papers say
Bunge chief executive to step down amid investor pressure Soren Schroder will serve as US grain trader's CEO until successor is named as board member Kathleen Hyle takes top seat.
UK ports 'anxious' over Brexit vote delay Ro-ro ports could 'face real challenges' if UK were to part ways with European Union (EU) without a deal, according to British Ports Association.
Hansa Heavy Lift hits the buffers Oaktree pulls the plug on insolvent German heavy lift operator
Fredly buys even more Hunter Arne Fredly has bought another round of shares in Hunter Group. Hunter Maritime to pay $132m after tender offer After spending nearly $1m strengthening his position in the Oslo-traded VLCC specialist last week, Fredly's Apollo Asset bought 15,994 Hunter shares Monday at NOK 41.5 ($0.37). Fredly still owns more than 102 million shares of Hunter, or 26.71%. Monday, Hunter shares closed at $0.37.
UAE investor buys major Gulf Navigation stake Goldilocks Management says finance facility owns part of the share.
Global Ship Lease inks two more charters with CMA CGM The combined Global Ship Lease-Poseidon Containers has inked additional charters with CMA CGM. The 6,882-teu UASC Bubiyan and UASC Yas (both built 2015) will be leased to the French company for five years at $25,910 per day each starting in the second quarter of 2019. Global Ship Lease fixes ship with CMA CGM Poseidon announces five-year deals with CMA CGM "These new long-term charters with CM
Maersk Broker Bulk Chartering merging with Wonsild Dry Maersk Broker has taken the latest step in its dry cargo growth story by taking full control of Wonsild Dry. The merger will see Wonsild Dry integrated into Maersk Broker Bulk Chartering in January 2019, over three years after Maersk Broker first bought into the company. Maersk Broker buys into Wonsild Dry Wonsild set to open new coal-trade venture in Bangkok Maersk Broker chief says first hal
Analyst likens Opec meeting to US sitcom Seinfeld Uncertainty over whether Opec would cut oil production last week amounted to "Festivus to forget", Wells Fargo Securities analyst Michael Webber wrote ahead of the cartel's meeting. Webber's reference to Festivus harked back to an episode of US sitcom Seinfeld, in which viewers learn the character George Costanza's father, Frank, celebrated on 23 December, rather than Christmas Day. "When George
Asia to Europe box volumes finally rising But Drewry says rates have yet to follow suit to any meaningful degree.
Color fixes $141m financing for cruiseferry Nordea and DNB among those backing new facility for Color Magic.
Per Wistoft launches ship swap-shop Former UACC boss returns with global trading platform for cargoships.
Jinhui makes small profit on supramax sale Hong Kong owner offloads 2002-built ship to Bao Fortune.
Havyard seeks to loosen bond covenant Norwegian yard has suffered from agreed delays and late orders.
Tufton in talks to buy eight Offen product tankers Deal part of a wider effort to sell 10 tankers managed by German shipping company, sources say.
'Youth unemployment' is scourge of OSV sector Possible return of stacked modern ships muting rate recovery, MSI says.
Aldo Grimaldi dies aged 96 Grimaldi Holding president was a pioneer of fast ferries in the 1960s.
Analysts count cost of Opec cuts on crude tanker market Are tanker owners set to see history repeat itself, or will the US floodgates provide some relief?
Trafigura: tanker charter market tight ahead of 2020 deadline Trader and owner finding it tougher to secure tonnage as owners foresee better supply-demand balance.
Force majeure as militia seizes Sharara field in Libya Libya's National Oil Corporation (NOC) has declared a force majeure at the Sharara oil field after militia seized it over the weekend. It blamed 'civilians' attached to the Petroleum Facilities Guard (PFG), alleging physical threats were made to oilfield employees to get them to halt production. The shutdown of Sharara will result in a daily loss of 315,000 barrels a day, with an additional loss
Gulf Energy Maritime tied to $64m LR2 market exit Gulf Energy Maritime looks to have exited the LR2 market with the sale of two tankers in a transaction brokers say provides an important price point for such tonnage. Product tankers ride out of downcycle with a 'Christmas Miracle' The shipowner placed the 114,000-dwt Gulf Vision (built 2012) and Gulf Valour (built 2013) on the market in October, as TradeWinds reported at the time. Now brokers
EMAS anchor handler heads for the auction block Lewek Penguin to come under the hammer in Singapore on 18 December.
EMAS Offshore CFO Hsu resigns Restructuring Singapore OSV owner EMAS Offshore is looking for a new CFO. It said finance chief Hsu Chong Pin resigned on 7 December. "The board would like to express its appreciation to Mr Hsu for his contributions during his tenure with the company and wishes him well in his future endeavours," it added. In October, the subsidiary of Ezra Holdings made another attempt at restructuring its bal
Product tankers ride out of downcycle with a 'Christmas Miracle' Stars have finally align for the underperforming sector with healthy products trades, easing oversupply and regulatory boost.
BW Offshore scrapping laid-up FSO for $20m Oslo-listed BW Offshore (BWO) is scrapping a laid-up FSO built in 1980. The 361,000-dwt former ULCC Belokamenka will be recycled in compliance with the Hong Kong Convention, the company said. The Japanese-built unit, previously known as Berge Pioneer, has been stacked in Indonesia since completing a contract as a crude oil terminal for Rosneft off Murmansk, Russia, in late 2015. The sale has ra
Norsepower harks back to the past to harness future energy The ultimate future fuel may mean going back to the past to take advantage of carbon-free wind energy. The shipping industry has been sceptical about modern sail concepts, but there is a proven technology - first developed in the 1920s - that has shown demonstrable fuel savings in real-life tests on commercially operating ships in the past few years. Maersk Tankers goes back to the future with w
COSL orders 12 PSVs at Wuchang and Liaonan yards CNOOC company renewing offshore fleet with big domestic contracts.
Cosco MPP rescues British sailor 2,000 miles off Cape Horn Mission involved two ships as well as maritime rescue centres in Chile and the UK.
MSC pays California air quality violation fine Containership giant falls foul of US state's environmental regulations for the second time in 2018.
Angelicoussis back at DSME for more LNG tonnage Greek shipowner takes newbuilding tally at South Korean shipbuilder since 1994 to 101 ships.
COSCO Shipping linked with potential London listing Chinese giant may take advantage of new tie-up between London and Shanghai exchanges.
Maersk credit rating downgraded at Moody's Danish container line is expected to face increased market and execution risks, says rating agency.
FMC's demurrage report a 'promising beginning' Innovation teams of industry stakeholders "will meet on a limited, short-term basis to refine commercially viable demurrage and detention approaches."
ITC determines Chinese aluminum hurts U.S. industry In the first government self-initiated AD/CVD case since 1985, the ITC voted 5-0 that imports of common alloy aluminum sheet from China materially injure U.S. industry.
Moody's downgrades Maersk rating Shipping giant retains investment grade rating, but Moody's expects it to operate at a higher leverage.
APL, CNC Line to consolidate intra-Asia business
Agility investing $100 million in digital logistics arm
Ship recycling platform launches
Panama Canal, Port of Itaqui sign agreement
Volga-Dnepr Group opens operations base in Houston
KUWAIT'S KPC RAISES SHARPLY JAN OSPS FOR NWE AND US, LOWERS OSP FOR ASIA BY 65 CENTS/B Kuwait Petroleum Corp has lowered the price differential for its crude oil loading in January and destined for Asia by 65 cents/b from December to a discount of 35 cents/b to Platts Oman/Dubai, the company said in a notice Monday.
Oil consolidates lower as equity rally fails to allay demand growth concerns An afternoon rally in equity markets failed to move crude markets higher Monday, and the oil complex settled just off of intraday lows.
US State Department sees increased interest from Congress in targeting Russian energy exports The US Congress appears increasingly interested in legislation targeting Russian energy exports to counter Moscow's aggression against Ukraine since the Sea of Azov incident, a top State Department official said Monday.
UKC-WAF clean tanker rate hits 3-year high amid low tonnage Freight rates to carry a 60,000 mt clean product cargo from the UK Continent to West Africa on a Long-Range tanker vessel strengthened to a three-year high of w170 Friday as demand for clean cargoes, mostly gasoline, drove rates up amid a very tight positioning list, meaning low tonnage.
ICE low-sulfur gasoil futures speculative net long positions at fresh 17-month low Speculative net long positions on ICE low-sulfur gasoil futures fell 27,126 contracts to 39,916 contracts in the week to December 4, a fresh 17-month low, according to Intercontinental Exchange data.
China's Qingdao port to build fourth VLCC terminal, to cater to independents China's Qingdao Port International is planning to build new berths that will be able receive VLCC and oil product tankers, such as Long Range-class vessels, as well as storage facilities in Shandong province's Dongjiakou region, which will cater to local independent refiners, the company said last Friday.
Asian middle distillates extend losses on bearish fundamentals; high freight rate The Asian middle distillates arena extended losses in the first week of December as a result of still-weak fundamentals -- mainly sluggish demand and a supply overhang -- as well as costly freight rates.
Oil, commodities trader Trafigura seeks to grow US crude exports Swiss-based commodity trader Trafigura is seeking to grow its position in exporting crude in the US after its global traded volumes jumped by 7.5% this year.
Rotterdam bunker sales down 7.1% in third quarter
Poor weather at Novorossiisk pushes some bunker demand to Istanbul: sources
External: Marine Bunkering(Rotterdam)B.V.
Platts MOC Singapore fuel oil traded volume surges in Dec, cargo premiums drop
FUTURES: Crude stable on OPEC cut pledge as US output caps uptick
Shanghai LSMGO, LSFO demand sees uptick ahead of Jan 1, 2019 ECA
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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