If the downturn can't go on forever, it still has teeth Michael Gove might just be right about experts, at least when it comes to shipping
Shipowners are not asking for autonomous shipping, technology companies are pushing it While renewed development in shipping is to be welcomed, there is little demand from shipping for autonomous vessels, other than...
Open-loop scrubbers could be obsolete in five years A crackdown by green-leaning European countries on current waste standards from open-loop scrubbers could render them obsolete in five years
Lighthouse says final Bottiglieri court decision is 'still pending' Banks' acceptance of Bain-GBSC package is valid only if rival is ruled out, says Italian-Greek joint venture
GPH bullish on future ahead of Turkish recovery Chief executive is optimistic on a potential concession in Cuba and adamant Turkish ports will flourish in two years
KMTC and SITC to launch joint Japan-Thailand service New service, to be called VTX3, will launch on April 15
Intertanko chairman advocates revision of Worldscale system Worldscale identified as barrier to prompt hire payment and a liquid futures market
US told to stay out of IMO greenhouse gas debate Unhelpful focus on IMO process could stymie completion of crucial carbon reduction strategy at the eleventh hour, warns ICS secretary-general...
Parker Harrison named Wista US president Crowley vice-president of procurement takes over helm of networking group from Total Marine Solutions president Alexandra Anagnostis-Irons
Cosco Shipping Specialised Carriers chief stands down Han Guomin retires having been at the helm of the company for nearly 10 years
Global box traffic makes a strong start to the year Volumes up 5.1%, but east-west majors see contrasting fortunes
South Korea to subsidise two cities hit hard by shipbuilding woes Government sets up a special Won130bn loans fund for businesses and extends expiry dates for existing loans
CIMC to issue shares in Hong Kong amid restructuring Proposed issue comes after the company gave up on its private placement on the Shenzhen bourse due to changed market...
TEN's operating performance still strong in 2017: tanker results round-up Latest reporting: TEN, Overseas Shipholding Group, International Seaways and Torm
Rosco's buyer? It's not GoodBulk Sources rule out John Michael Radziwill-led vehicle as buyer of 11-unit fleet as puzzle deepens.
Robo-shipping's safety still an issue Industry has not developed means to control autonomous ships that malfunction in open waters, according to experts.
Shipping M&A is no game, or maybe it is Advisor on Euronav-Gener8 deal walks through rationale behind mergers and acquisition deals.
Scrubber users will have to buy fuel on term contracts Owners will no loner be able to buy high-sulphur fuel oil for their exhaust gas scrubber-laden ships on spot market due to future lack of such fueling stations, an expert with ExxonMobil says.
US judge issues restraining order against Aegean Marine deal Shareholder vote on Melissanidis is 'sacrosanct', court says.
US Coast Guard readies to enforce IMO 2020 Rear admiral puts shipowners on notice that regulatory regime will only get stricter as new areas come into focus.
New fund puts dry bulk FFAs in public market New Jersey-based ETF manager looks to capitalise on growing interest in dry bulk markets.
Greek bank forces sale of abandoned tanker National Bank of Greece tries to offload vessel formerly chartered by NewLead.
Trafigura banks $400m from bond issue Trading giant Trafigura has tapped the US dollar senior bond market for the first time. Trafigura yesterday raised $400m via a five year bond, which will be listed on the Irish Stock Exchange. Ardmore: traders taking tonnage 'quietly' Proceeds will go towards refinancing EUR 607m ($751m) of bond debt due to mature in November 2018. It follows a $600m bond issued in Singapore in March last year
Investor takes action against Uljanik Plovidba Croatian owner seeks to protect changes to company statutes.
Navios Midstream VLCC veteran joins scrapping train Tanker owned by MLP reported to be heading for demolition in $17m deal.
Tanker crew critically injured in blast Grolite Shipping vessel hit by explosion and fire in Malaysia.
Navibulgar crewman dies in fire Bulgarian inhaled smoke after cabin blaze on ro-ro.
Tsakos Energy Navigation eyes LNG newbuildings Price and settled technology make Korean newbuildings appealing to Greek shipowner.
Tsakos: TEN to scrap VLCC or Intertanko will shoot me Chief executive says veteran tanker could sell for around $20m in this quarter or the next.
OOIL CFO wary of Trump's trade war Alan Tung keeping close eye on how other countries will react to steel tariffs.
Color Group eyes bonds after dropping IPO Norwegian ro-pax owner hitting the road as it lines up Oslo issue.
Maersk declares general average after fire Partner MSC told all its boxes will be kept under control of adjuster RHL until security arrangements made.
MSC starts con-ro run to Turkey Aponte-controlled group using two ships for Italy service.
Navios Partners dividend arrives quicker than expected A reintroduction of dividend payments at Navios Maritime Partners has arrived faster than analysts were expecting. The New York-listed shipowner yesterday announced a new distribution of $0.08 per common unit at the same time as revealing a bulker buy. Noah Parquette of JP Morgan says the payments, which will start in May, had been anticipated to return at the end of the third quarter of 2018.
Condor denies $3.42 per hour pay claim RMT union planning protest against alleged low pay for ferry workers.
Monjasa launches bunker training scheme Danish fuel and tanker group recruiting for two-year course in changing sector.
Two halves of Kea Trader smashed together Hold 3 "disintegrates" in heavy cyclones in South Pacific, while limited oil deposits escape stricken vessel.
Tufton fund doubles fleet with boxship buys Deal takes spending on containerships to over $43m since London initial public offering.
Hyundai Heavy raises $1.1bn in rights issue South Korean yard giant sees debt-to-equity ratio trimmed to 78% following fund raiser.
Triyards launches search for new CFO Departure comes at critical time for Singapore-listed company as it looks to find new backer.
Southern California ports thrive in February The Ports of Los Angeles and Long Beach both increased container throughput in February 2018 from 12 months earlier, the Southern Californi...
Flake introduces bill to block steel, aluminum tariffs Sen. Jeff Flake, R-Ariz., on Monday, introduced legislation to block President Donald Trump's "Section 232" tariffs on steel and aluminum f...
Trump sends Tillerson packing President Donald Trump has removed Rex Tillerson as Secretary of State and plans to replace him with CIA Director Mike Pompeo. "Mike Pompe...
NRF: U.S. container import growth slows in January Import volumes at major retail container ports in the United States grew 1.8 percent to 1.73 million TEUs in January 2018 compared with the...
Remains found on board Maersk Honam The remains of three of the four missing Maersk Honam crew members have been found on board the vessel, Maersk Line revealed Monday. "Give...
New freight audit tools for Haven The global transportation management software (TMS) provider Haven said Tuesday it has added new tools to its platform to automate freight ...
CBP details e-commerce strategy U.S. Customs and Border Protection (CBP) last week released a long-awaited strategy document for how the agency will contend with the secur...
Trucking firm fined for overcharging Postal Service The U.S. Justice Department said Mt. Crawford, Va.-based Beam Bros. Trucking (BBT), and owners Gerald Beam and Garland Beam, have agreed to...
FMC reviews 10 OTI license applications The U.S. Federal Maritime Commission (FMC) has received 10 ocean transportation intermediary (OTI) license applications and changes for rev...
Florida remains in federal offshore oil, gas plan: US Interior chief US Interior Secretary Ryan Zinke said Tuesday that federal waters offshore Florida remain in the proposed offshore oil and gas leasing plan
Tillerson's departure imperils Iran deal, shifts path on Venezuela oil sanctions: analysts President Donald Trump said Tuesday that he had removed Rex Tillerson as secretary of state, a move likely to end US involvement in the Iran nuclear deal and alter the administration's plans for sanctions on Venezuela
NYMEX crude's April/May contango weighs on oil complex Oil futures fell Tuesday as support faded from US economic data as well as the exit of US Secretary of State Rex Tillerson, giving way to pressure from crude's weaker term structure. NYMEX crude's April/May spread settled at a contango of 4 cents/b Tuesday, compared with a backwardation of 3 cents/b Monday.
Japan seeks answers in light crudes, gasoil blending to meet IMO mandate Japanese refiners are preparing themselves to meet the IMO 2020 low-sulfur mandate through a plan that could involve processing lighter crudes and blending export-grade gasoil with high sulfur fuel oil to create a new marine fuel
IMO 2020 compliance to be strong, WAF refiners to benefit: sources Compliance by the global refining and shipping industry is expected to be high once the IMO sulfur cap on bunker fuel emissions kicks off in 2020, delegates at the African Refiners Association said Tuesday.
REFINERY NEWS: S Africa's Engen returns from planned maintenance: sources
Uncertainty looms over extent of scrubber use ahead of IMO 2020 rule Pricing will be the ultimate deciding factor to determine the choice of bunker fuel, sources said.
Singapore February bunker fuel sales gain 8% on year to 4.14 million mt Sales fell by 10.2% from January's levels.
Singapore gasoil trading volumes spike to above 5 mil barrels The trades -- comprising 10 ppm sulfur gasoil -- were at 4.27 million barrels for the week ended March 9.
LNG tanker Patris scheduled to arrive at Cove Point terminal in April: Platts cFlow The BP chartered Patris is currently in the Arabian Sea and scheduled to arrive at Cove Point on April 9.
FUTURES: Crude ticks lower on expected stock build Crude oil prices fell on concerns of surging US production and a slowing in exports could push inventories in the US higher, some analysts from ANZ said.
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