TEN posts profit in 'challenging environment' Greek owner claims to have beaten 2017 tanker market travails in 2017 as it marks 25th anniversary
Seafarer dies in fire on Bulgarian ro-ro Blaze appears to have broken out in deceased crew member's cabin
Suez Canal cuts rates for bulkers The rate reductions may help coal imports into India
GasLog orders another LNG carrier at Samsung for 'attractive price' Monaco-based owner moves to increase orderbook, citing 'robust' outlook and rising newbuild prices
Ports across UK investing $2.4bn in new facilities to boost growth British Ports Association has called on the UK government to improve infrastructure around ports
Activist shareholders target Aegean Marine Lawsuit centres around corporate governance, with company control being the ultimate prize
Maersk says no hope of finding survivors after remains found on burning ship A fourth missing seafarer from the burning ship has not yet been located, but the 22 personnel evacuated from the...
Prosecution seeks prison term for Stolberg Former heavylift king hoping for suspended sentence
Small bulkers become hot commodities in S&P markets Investors bet on further upside of the segment that can ride on grains and minor bulk trades
The Interview: Sabrina Chao Wah Kwong Maritime executive chairman is committed to shipping and optimistic, despite the risks excess newbuilding capacity and human nature may...
Clarksons expects another year of strong growth Early signs of recovery seen in core markets, says chief executive Andi Case
Employers risk crippling fines in UK pensions overhaul Companies that employ seafarers or offshore workers could face civil penalties of up to '50,000 and daily penalties of £10,000...
Korea's ocean and fisheries minister sparks mixed reaction with decision to stay in post Kim Young-choon has dropped the idea of seeking election as Busan's mayor in June's local elections
Is summer slowdown setting in early for VLCC market? Earnings fall into negative territory hit by vessel supply overhang
Liner shipping recovery has just started, says OOIL Company is still in talks with US committee over approval for the Cosco's acquisition, including the LBCT assets
Debt-ridden Noble misses payment and puts kamsarmax up for sale In separate moves, the beleaguered commodities and freight operator missed a coupon payment on $750m of notes due on March...
DryShips may hive off tankers and LNG New York-listed diversified shipowner sees shareholder value created through VLGC spin-off.
Tanker industry will 'fight on' despite challenges Sector faces several headwinds, including low-sulphur regulations, piracy and oversupply, says Intertanko chief executive Nikos Tsakos.
Ex-DVB boss guides suitors on bank sale Wolfgang Driese says several prospective buyers building interest in healthy portion of DVB's shipping portfolio.
US tariffs on steel, aluminium are 'fake news' Genco Shipping & Trading chief executive John Wobensmith dismisses 25% tax on steel imports and 10% tax on aluminium imports as having no effect on drybulk sector.
Navios Partners snaps up panamax Angeliki Frangou-led company pays $12.95m for 2005-built ship.
TEN takes impairment on veteran tanker pair One-off charge comes as owner completes 15 newbuilding project to leave fleet largest in its history.
Three bodies found on Maersk Honam Human remains discovered following fire; fourth missing seafarer presumed dead.
Ocean Tankers fails in Lukoil demurrage claim UK court rules that bid to recover cash for delays was time-barred, despite "re-labelling".
Danish duo behind new dry bulk index Two former J Lauritzen executives have launched a new dry cargo index aimed at assessing the income potential of bulkers. Anders Liengaard and Soren Roschmann are behind the Vesselindex.com project. It covers the handysize, supramax and panamax segments and it not a response to the Baltic Exchange dropping handysize vessels from its own industry benchmark, Roschmann told TradeWinds. Baltic to p
Lydia Mar: 'routine check' of ship in Libya Greek company plays down reports of warning shots incident off Sousse.
Cruise vibe boosts confidence at Global Ports despite Brexit cloud Chief executive says everybody in cruise feels upbeat and he has "no concern" about UK's exit from EU.
GasLog back at Samsung for second order of 2018 Speculative newbuilding move comes amid robust demand outlook for the market.
Capsized dredger towed off Denmark JA Rederiet takes stricken Sirius Hoj to Assens Shipyard.
Royal Caribbean co-founder Gjert Wilhelmsen dies Norwegian shipowner Gjert Wilhelmsen has died at the age of 91. Wilhelmsen ran shipping company Awilhelmsen with his brother Arne, after the company was founded by his father Anders in 1939. Beginning in the late 1960s, the Wilhelmsen Brothers developed Royal Caribbean Cruises into what became the world's second largest cruiseship owner. In 1988, A Wilhelmsen bought out its partners Gotaas-La
Tax boost propels OSG back into profit Tanker owner also saw robust recovery of spot rates in fourth quarter.
Andi Case: 'Time to look seriously at tankers' Clarksons chief executive sees positive stories across both crude and products tankers.
Harvey Gulf targets $1bn debt cut CEO Shane Guidry aiming for quickest-ever pre-packaged bankruptcy deal.
DSME logs first operating profit since 2011 Korean yard's restructuring and cost-cutting pays off in 2017.
Golar FLNG unit produces first LNG Hilli Episeyo fires up off Cameroon as second LNG carrier towed into yard ahead of conversion job.
Noble Group sells bulker as debt talks progress Sale by Singapore-listed trader comes as the company misses bond coupon payment.
Maersk Honam fire under control Indian Coast Guard says toxic plume replaced by white smoke as vessel cools.
Tung cautious on recovery after OOCL profit
Hong Kong owner back in black as box markets head for stability.
Shipbroker Clarksons hikes dividend again as profit climbs Andi Case says impact of November cyber attack was minimal as shipbroking giant records "robust" results.
Flooded bulker towed to Tallinn Vessel with six metres of water in engine room reaches safety.
Subsea 7 makes Azerbaijan breakthrough Support ship to work for BP in deal worth up to $300m.
Port of Oakland unveils five-year strategy The Port of Oakland on Monday released a plan for the next five years that calls for 8 percent more containerized cargo volume in Oakland b...
ILA, USMX to resume contract talks The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) revealed Friday they are resuming master c...
NAFTA origin process can be streamlined, lawyer says The North American Free Trade Agreement's (NAFTA) current origin verification system is too exporter-driven, and legal responsibility for c...
COSCO SHIPPING Ports signs deal with Navis COSCO SHIPPING Ports Ltd. revealed Thursday that it has entered into a subscription agreement for Navis' N4 terminal operating system (TOS)...
Talking Trade with Brenda Smith of CBP's Office of International Trade In early 2016, Congress and the Obama administration passed and enacted into law the Trade Facilitation and Trade Enforcement Act (TFTEA). ...
U.S. transportation and logistics job growth accelerates in February U.S. transportation and logistics companies added another 15,400 jobs in February 2018, accelerating the growth seen the previous two month...
Panalpina profits soar on record airfreight volumes Panalpina saw its consolidated profits jump 9.9 percent to 57.5 million Swiss francs (U.S. $60.6 million) during the 2017 calendar year tha...
Port NOLA new container terminal plan picking up steam In Louisiana, about 100 miles upstream from where the Mississippi River meets the Gulf of Mexico, a very large potential development is pic...
U.S. steel producers expand footprint as tariffs set to kick in Many U.S. steel producers have unveiled plans to expand operations across the nation as global tariffs are scheduled to kick in later this ...
Iran reopens split with Saudis over OPEC policy Iran is stirring up potential OPEC trouble by reopening the debate over when to signal an end to the current production cut deal with Russia.
White House studies permanent Jones Act waiver for Puerto Rico: sources The Trump White House is studying the feasibility of a permanent Jones Act waiver for Puerto Rico, according to multiple sources.
US gasoline surplus comes into focus as spring nears With US gasoline stocks sitting above the five-year average, supply appears ample even before US refinery activity begins to ramp higher when planned repairs conclude and peak summer demand approaches.
NYMEX crude April/May spread nears contango as oil weakens The April/May spread for NYMEX crude narrowed 9 cents Monday to a backwardation of 3 cents/b, as the M1/M2 spread continues to weaken sitting on the precipice of contango for the first time since January.
Burkina Faso, Mali increase reliance on Togo for refined products imports after Ghana sulfur cap Ghana's move to become the only low sulfur gasoil market in West Africa has altered some of the regional trade flows in the region, especially to some of the interior markets in Africa, delegates at the African Refiners' Association conference said Monday.
Malta bunkers premium at 12-week low amid conflicting upstream sentiment The premium of bunker fuel at Malta over the regional high sulfur fuel oil cargoes benchmark hit its lowest point in 2018 Friday, caught between the conflicting effects of international prices.
External: Praxis Energy Agents S.A
External: Marine Bunkering(Rotterdam)B.V.
S Korea's oil demand forecast to grow 2% in 2018, LNG demand to rise 3%: KEEI Bunker-C fuel consumption fell 25.5% to 33.52 million barrels in 2017, but the decline is expected to ease to just 2% this year.
FUTURES: Crude steady ahead of OPEC and IEA's monthly report "Markets will focus this week on OPEC and IEA's monthly petroleum report," Benjamin Lu, investment analyst at Phillip Futures, said.
Abu Dhabi awards stakes in two offshore concession stakes to Italy's Eni With its new partners ADNOC hopes to raise output to 1.125 million b/d, from around 700,000 b/d at present.
Bunker supplier Aegean likely to continue scaling down Fujairah bunker operations Aegean saw an erosion in its gross spread per metric ton of marine fuel sold from about $19.50/mt in 2016 to $15.80/mt in 2017.
Singapore fuel oil derivative instruments continue to price in IMO regulations "More interest seen for quarterly and annual spreads for viscosity as we go into 2019. Last week, Q4 2019 spread was around $19.50/b," a source said.
Singapore will remain world's top bunkering hub post 2020: Maersk executive Efficiency, transparency and infrastructural advantage will hold Singapore in good stead
Platts proposes to amend laycan in Singapore delivered bunker assessments To 5-10 days from the date of publication instead of 3-7 days currently.
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