Mass business failures expected ahead of 2020 sulphur deadline Industry denial over 2020 expected to force owners out of business within two years. It will generate nothing but chaos...
Second Maersk ship fire brought under control with no harm to crew The 6,200 teu Maersk Kensington was heading from Salalah to Suez when a container caught alight, but Maersk does not...
Eyes wide shut on sulphur cap Firm line from regulators rams home message that January 1 deadline will be upheld, but do owners believe it? Expect...
Maersk Tankers acquisition gets EU approval $1.17bn sale from AP Moller-Maersk follows divestment from Maersk Oil
Capes lag other dry segments as they fall to seven-month low Fewer cargoes from Brazil leave capesize earnings lagging behind panamaxes and supramaxes this week, but all is not lost, because...
Rodolphe Saadé raises the bar as CMA CGM posts $701m profit for 2017 Update: French group ranked number three in the world in terms of containership capacity is benefiting from the acquisition of...
Shipping 'key' if UK is to be major trading nation after Brexit UK has 'always been at our best when we are outward-looking, and our shipping industry epitomises this key strength', says...
The Interview: Wang Jianjun Investors and owners should look at indicative facts and be more responsible for the market, says the Commonwealth Bank of...
Tanker orderbook shows oversupply may ease sooner than expected The large number of scrapping candidates points to a bright market outlook, VesselsValue analyst Court Smith says
Spectre of trade war looms over the dry bulk market BIMCO chief shipping analyst believes soyabean trades from US to China could possibly shift away to Brazil and Argentina exporting...
CMA reveals contrasting visions for maritime Conferences such as the CMA have value because they bring the views of association leaders alongside the reality of life...
MPCC buys another five feeders Acquistion of Simatech Shipping & Forwarding raises fleet to 64
New faces to lead UK shipping as Brexit debate intensifies New UK Chamber of Shipping president Sir Michael Bibby warns of disaster for UK shipping and ports if Brexit negotiations...
Succession plan in place for privately-owned Bristol Port Sir David Ord and Terence Mordaunt have not been tempted by any takeover approaches and are confident they have succession...
CS Ports financial chief stands down Hunt is on for a successor after 54-year-old announces he is leaving to pursue further personal career development
Lessons in leadership at the CMA and Capital Link Integrity, team spirit, educating the next generation, and speaking 'multiple languages' are among the key leadership attributes
A tale of two ports: A look at Bristol and Liverpool Liverpool and Bristol developed plans for new container terminals to handle the biggest ships in service, but there the parallels...
Korea's financial watchdog to tighten inspection of shipping industry As part of tightening oversight in the aftermath of irregularities at DSME, the government body will also introduce a harsher...
Yet another tanker is attacked off Nigeria Crew deploy anti-piracy measures as attack follows an earlier one last Tuesday
DP World confident on macro picture with $1.2bn net profit The company will raise its capital expenditure to $1.4bn this year to further expand capacity
China's newbuilding orders up 456% in January-February Despite a sharp jump in orders, the total profits of the major yards have slid into negative territory amid huge...
New VLEC ethane terminal heading to US Industrial shipping of petrochemical gas to continues its run as China eyed for latest round of cargoes.
Credit Suisse drops coverage on ship stocks Move comes amid unconfirmed report that lead equity analyst has departed the investment bank.
CMA CGM expects 'momentum' to continue French liner operator's fourth-quarter earnings rise as larger fleet handles more shipments.
Faulty forecast kit led to Saga Sky crash Anglo-Eastern cargoship forced by Storm Angus into rock barge off UK.
GEFO orders six tankers in China German owner expanding fleet with first new deliveries since 2016.
Fire contained on another Maersk boxship Crew safe after blaze breaks out on Maersk Kensington off Oman.
Eastern Pacific and DS Tankers sell VLCCs for demolition Idan Ofer said to have scrapped third ship in a week, while German owner is clearing out veteran tanker.
Burned crewman airlifted from Cido VLOC South African rescue services swing into action after accident on Pacific Garnet.
Bibby elected UK Chamber president with focus on Brexit Outgoing CEO of Bibby Line Group will succeed Grahaeme Henderson.
Bulker market has regained self confidence, says Ismar Western Bulk chief executive says life, luster and optimism are back.
RMT calls for nationalisation of NorthLink Union says Scottish service would be better off under state control.
Pertamina places BULL on the black list Pertamina has blacklisted Indonesian tonnage provider Buana Lintas Lautan (BULL). Rumours of a fall-out between the two companies surfaced in the market this week and have now been confirmed. BULL has three LR tankers on charter to the oil company and was informed of the action in writing this week, domestic publication Kontan reported today. While the blacklisting is reported to prevent BULL f
Yang Ming, Gold Star launch new runs Taiwanese owner eyes Vietnamese business, while Hong Kong line connects sub-continent to China.
Tanker seized over "smuggling" in Libya Nigerian vessel held and crew arrested by navy due to lack of permits.
Sweet 16 for VLCC demolition sales Three more scrap sales this week contribute to encouraging tally for 2018.
MPCC acquires five boxships from Simatech
Oslo-listed owner completes another big deal as expansion goes on.
US envoy butters up Greek owners Geoffrey Pyatt says shipping industry a symbol of the nation's "potential and resilience."
Qatar orders nine coast guard ships in Turkey Interior ministry beefing up security with deal at Ares Shipyard.
KOTC adds to order book with China VLCC Kuwaiti tanker owner also agrees financing deal with local banks worth nearly $470m.
Korea Line Corp confirms Hyundai VLCC order South Korean shipowner takes tally of large tankers ordered against GS Caltex COAs to nine.
Pilot killed in Port Hedland chopper crash However, a second man was recovered alive from waters off Australian iron ore export facility.
Shell tipped to win Hong Kong LNG import deal Energy major said to have beaten off competition from rivals to seal 10-year contract.
CMA CGM thrives in 2017 on the back of APL acquisition CMA CGM posted improved earnings, revenues and container volumes in 2017 from the prior year. The French carrier reported a net income of ...
Cargojet profits soar in 2017 Cargojet saw its earnings soar in 2017, posting a net profit of $23.7 million Canadian (U.S. $18.1 million) for the year compared with just...
U.S. intensifies Russian sanctions The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned five Russian entities and 19 people in effort to punish t...
Global Ports sinks into the red in 2017 Terminal operator Global Ports Investments PLC posted a net loss of $53 million for the 2017 calendar year compared with a $61 million prof...
U.S., South Korea reduce trade impact of poultry disease The U.S. Department of Agriculture (USDA) and its counterpart in the South Korean government have reached an agreement on how to minimize t...
Clarksons sees earnings, revenues rise in 2017 Clarkson PLC (Clarksons) saw its underlying profits before taxes grow 12 percent to 50.2 million euros (U.S. $61.6 million) in 2017 compare...
MSC subsidiary to launch new rail service Mediterranean Shipping Co. (MSC) said Medway, its logistics arm on the Iberian peninsula, will offer a freight rail service connecting Sevi...
Another Maersk ship catches fire in cargo hold The 5,616-TEU Maersk Kensington reported a fire in a cargo hold on Thursday at 20:50 EST while en route from Salalah, Oman towards Suez, Ma...
Salt Lake City to gain inland port? Utah's Senate this week passed legislation to create an inland port authority. A similar bill was approved by the Utah House of Representat...
Gulf of Mexico lease sale outlook bright as $60/b oil sticks With prompt NYMEX crude futures sticking around $60/b, and offshore project costs now competitive with onshore shale, the ailing US oil and gas offshore industry could get a much-needed shot in the arm at federal Gulf Coast lease sale.
Grassley rails against cap on US biofuel credits as White House talks fizzle The Environmental Protection Agency's proposed settlement with Philadelphia Energy Solutions, which appeared in the bankruptcy court record Monday, also sent RINs lower.
Ardmore Shipping to focus on MR tankers on bullish outlook Medium Range clean tankers' freight rates are likely to get strong support this year, on the back of slower growth in fleet and greater trade in oil products, a senior Ardmore Shipping executive said late Thursday.
Oil surges on nuclear tension, NYMEX April tops $62/b Oil futures jumped midday Friday and stayed higher, with NYMEX April crude closing up $1.15 at $62.34/b, ahead of the airing of a highly anticipated interview Sunday with Saudi Arabia's crown prince.
ARA fuel oil inventories plunge 33% on VLCC loading east Fuel oil inventories in the Amsterdam-Rotterdam-Antwerp region plunged 33% in the week ending March 15, data from PJK consulting showed, after a dirty very large crude carrier headed east after loading the product in Rotterdam, according to Platts trade flow software cFlow.
Ferry owner says scrubber intake fault may have caused sulfur breach "The scrubbers work fine," the source said. "As long as they get enough sea-water (with alkaline material) they scrub below the required 0.1% level."
Bunker, shipping industry better off with credit insurance: lawyer Retention of title clause is only good in theory.
China's Cosco Shipping to build methanol plants in US with IGP, eyes bunkering use Methanol is touted as a viable bunker fuel to meet upcoming environmental rules in shipping.
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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