Sovcomflot maintains operating profits in 2017 with focus on industrial projects Weak tanker rates plague Russian state owner's bottom line but company executives hail stable income from offshore and gas businesses
Wärtsilä wants to carry connectivity torch Marine Solutions president Roger Holm explains that benefits from data utilisation drove $258m Transas acquisition, with more targets potentially being lined...
Wall St Note | ETF fund to offer new way of investing in shipping New dry cargo futures fund brings casino-like exposure to the masses
Svitzer hack highlights emerging cyber threat to industry Now a case of 'when', not 'if', experts at London seminar warn
Stolberg considers appeal against three-year prison term Disgraced heavylift king found guilty on several charges of credit fraud and false accounting while chief executive of Beluga Shipping
Wärtsilä's Transas deal brings vision of connected shipping a step closer The real benefit of the Transas acquisition will only come when integration enables Wärtsilä to connect the dots
Golar LNG shuffles leadership roles Golar Partners chief executive and Golar LNG chief financial officer swap their positions
Maritime efficiency is so much more than next-gen technology New tech should be seen alongside the regulatory framework and upskilled human resources as the three key drivers of efficiency
Wärtsilä acquires Transas to boost marine ecosystem vision Transas has developed a cloud-based platform to manage operations at vessels and ports, says Wärtsilä
PSA posts 5% rise in net profit for 2017 Group's terminals saw a 9.8% year on year increase in box volumes handled to 74.2m teu
APMT broadens customer scope with new investment strategy Maersk's terminal operating arm looks inland for new business amid dwindling carrier clientele through an array of value-added services for...
Court freezes Dandong Port Group's assets The Intermediate People's Court in Dandong City seized $768m worth of assets owned by debt-ridden Dandong Port Group following an...
Tech firm concludes pilot blockchain shipment Cargo comprised of two 40-foot high cube containers shipped from Malaysia to Brazil
DP World buys Peruvian logistics firm Cosmos Agencia Maritima for $316m The group aims to expand logistics-related market share in Latin America with the deal
SM Group chairman dismisses rumours of SM Line sale Current losses incurred by the shipping line are within the expected range, say local media reports
Hong Kong tycoon and ports pioneer Li Ka-shing to retire No major change in business direction over the next 10 years, says Mr Li
IMC Group exercises options for MR tanker quartet Vessels to be built by Guangzhou Shipyard International
Noble Group to default on senior notes due this week Commodity trading firm makes the decision after consulting with creditors
Sri Lanka Ports Authority partners terminal operators to raise Colombo cargo efficiency Sri Lanka Ports Authority agrees with Jaya Container Terminal, South Asia Gateway Terminal and Colombo International Container Terminal to help...
Tanker and ro-ro crews repel pirates off Nigeria Crews and vessels reported safe after armed attacks
Seacor retrofits OSV with hybrid power US-based offshore vessel owner and operator says the installation of additional battery power lowers fuel use.
Royal Caribbean promotes Adam Goldstein Miami-based cruise major appoints chief operating officer Adam Goldstein to the position of vice chairman.
Legal battle and tanker writedowns send Sovcomflot to loss Liabilities from London legal battle and provision on ship values seen in 2017 accounts.
CSET plots newbuildings for methanol contract Cosco tanker company teaming with IGP to supply US fuel to Chinese refiner.
Bondholders reject Siem Offshore deal again Norwegian OSV owner forces through changes to 2019 debt, but 2018 holders vote down refinancing once more.
Bergshav set for lower rate on aframax charter Norway's Bergshav Shipping will see earnings decline from an eight-year-old aframax tanker that it has on long-term charter from Harry Vafias-linked Stealth Maritime. The company has chartered the 105,000-dwt Stealth Berana (built 2010) to US-based Penfield Marine for up to two years, confirmed Bergshav chief financial officer Andreas Hannevik. European broking sources say Penfield has agreed to
Zhongchang Marine adds seven bulkers Financial leasing deal sees Chinese owner expand its fleet.
U.N. Ro-Ro to sell 58% in IPO Turkish owner lines up listing this year as buy-out funds sell down.
Golar companies shuffle executive pack Brian Tienzo and Graham Robjohns swap roles in latest move among Golar executives.
Steering confusion led to fatal John S McCain crash Singapore says US navy training inadequate, while Stealth MR had insufficient officers on bridge.
Milaha chairman eyes growth in recovering markets Sheikh Ali bin Jassim bin Mohammad Al Thani says expansion on the cards at home and overseas.
Navios Maritime selling supramax bulker amid price slip New York-listed owner reported to have disposed of a 2001-built ship.
Wartsila widens smart shipping reach with Transas takeover Finnish systems maker buys UK navigation solutions group in $258m deal.
DP World in $315m takeover deal in Peru Transaction with Agencia Maritima extends growth strategy.
DSME fails in $373m Songa claim UK high court says yard was too late to contest cost overrun awards.
Dae Sun designs MPP for SIMA yard Posco Daewoo sells blueprint for $60m to Peruvian state shipbuilder.
Global Ports wins Croatian tender Operating rights to Port of Zadar in the Adriatic will run for 20 years, London-listed company says.
Shipping MLPs 'safe havens' despite tax shock wave Morgan Stanley analyst explains maritime companies free from new legislation.
Cala plots huge offshore casino newbuilding US company claims deal with Cosco Dalian for gambling venue the size of 14 football fields.
Mahindra in talks over shipping move Indian logistics company has European partners lined up for coastal boxship business.
Li Ka-shing retires at 89 Asian ports tycoon handing over reins to eldest son Victor Li.
Bibby Offshore to merge with Cecon Contractors US hedge fund York Capital Management to combine two of its offshore holdings into one.
Liner cryptocurrency sees first transaction Shipowner, Malaysia's West Port and Brazilian textile importer LPR in maiden use of TEU Tokens.
Noble Group set to miss bond payments Commodities trader may face legal action from bondholders not part of restructuring deal.
Knight-Swift back in the M&A game Knight-Swift Transportation Holdings Inc., the new parent company formed from the merger of Phoenix-based trucking giants Knight Transporta...
MPC scoops up up 6 more feeder ships Ocean vessel owner and operator MPC Container Ships has agreed to acquire six more vessels in two separate deals for a total purchase price...
Canada requests WTO dispute panel in softwood case against U.S. Canada on Thursday requested that the World Trade Organization (WTO) form a dispute panel to adjudicate its challenge over U.S. antidumping...
DP World acquires Cosmos Agencia Maritima for $315.7m Port terminal operator DP World has acquired the Peru-based logistics services provider Cosmos Agencia Maritima S.A.C. (CAM) for $315.7 mil...
BIS issues rule for requesting steel, aluminum tariff exclusions The Bureau of Industry and Security (BIS) has outlined procedures for how U.S. companies may request exclusions from 25 percent steel tarif...
Freightex rebrands as Coyote Logistics European over-the-road transportation provider Freightex has rebranded itself as Coyote Logistics. Freightex, founded in Dover, U.K. in 20...
DHL's AEI employees in U.S. approve new contract The nearly 800 workers at Air Express International (AEI), a U.S. subsidiary of DHL Global Forwarding an Deutche Post-DHL of Bonn, Germany,...
Port of Portland revs auto exports The Port of Portland in Oregon processed about 314,000 vehicle imports and exports across its docks in 2017, according to the most recent d...
US bans use of Venezuela's digital currency to tighten pressure on Maduro The Trump administration's move Monday to ban the use of Venezuela-issued digital currency known as the petro is expected to have only symbolic impact in pressuring the Maduro regime.
Iran to maintain oil output at current level for next 12 months: official Iran will not raise its oil output in the next 12 months, according to National Iranian Oil Co.'s managing director.
Russia seen sticking to OPEC policy Russia was expected to continue its current energy policies, including cooperating with OPEC, after the reelection of Vladimir Putin as president.
Contango casts bearish shadow across oil complex NYMEX crude's term structure will be closely scrutinized this spring as an indicator of market fundamentals after the April/May spread flipped last week from backwardation to contango.
Oil turns lower before key Federal Reserve meeting Oil futures fell Monday under pressure from a plunge in US equity indexes, while a weaker dollar helped limit the downside ahead of a highly anticipated US Federal Reserve policy meeting slated for later this week.
Western Japan's Cosmo Sakaide terminal works further trim bunker supplies Maintenance work at Cosmo Oil's Sakaide oil terminal in western Japan will further trim already lean bunker fuel availability in western Japan, which could lend support to bunker prices there, Japanese trade sources said Monday.
Teekay opts for distillates as bunker fuel for majority of fleet as IMO 2020 rule looms "We are certainly not going to modify our existing vessels for LNG; scrubbers not to meet the deadline; [so] majority of our vessels are going to be using distillates," Noronha said.
FUTURES: Crude moves lower ahead of key geopolitical meetings "The market has been mulling over the geopolitical risks after the various departures at the White House," ANZ analysts said in a note Monday.
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