BIMCO aims for cyber security contract clause in 2019 Klaveness is leading the clause drafting, while Navig8, UK P&I Club and HFW are also participating
London P&I Club issues loss prevention guide for coal cargoes Loading coal cargoes below a temperature of 55°C and regular monitoring can prevent self-heating, reducing the dangers to ship and crew
Hapag-Lloyd sets out Strategy 2023 vision Digitalisation, customer service and cost control are the key concerns as Hapag-Lloyd sets its sights on the next five years
Migrants forced off cargo ship in Libya Nivin earlier rescued 95 people who had been on board a boat that sank in international waters off the Libyan...
Small oil tankers make the most gains Owners are said to be taking vessels out of some areas to place them where earnings are greater
Argentina-based energy firm YPF awards floating LNG contract to Exmar Exmar's floating LNG unit lands 10-year YPF contract at Bahia Blanca port
Box shipping to feel impact of US-China trade war in 2019 Freightos chief executive says China-US west coast rates have been at 18-month highs due to advanced shipments before each successive...
Seafarers win a better basic wage as shipowners seek to limit rise Seafarer trade unions and shipowner representatives agree to a $27 increase in the minimum wage by 2021
Brightoil scraps fleet sale after signing charters with Shell Moves comes after a recent rebound in VLCC earnings and Beijing's relaxation of credit clampdown on the country's private sector
Lines urged to digitalise or risk being marginalised Shipping lines risk losing the most valuable parts of their businesses if they do not adapt
Star Bulk in profit for fourth consecutive quarter Scrubbers champion posted its fourth consecutive profitable quarter capitalising off of its expanded fleet
ONE teams with European carriers on new Asia-South America loop The trio's new loop will call ports in South Korea, China, Singapore, Brazil, Uruguay, Argentina and South Africa
Daily Briefing Weak fundamentals cloud tanker market | Hong Kong forum hears upbeat assessment for 2019 | BIMCO sees fragile dry bulk...
Long Beach Container Terminal up for sale Concerns regarding the potential threat to US national security have eased
Africa needs big investments in grain import handling, storage facilities Increase in wheat imports driven by changing consumption patterns
US warns shipping industry over Iran sanctions busting The US is to freeze the assets of at least two senior officials of the Central Bank of Iran in...
Crew rescued after ship fire off Greece Italian cruiseship received intervention call from Hellenic Coast Guard, saved 11 seafarers.
Aegean to be delisted from New York Stock Exchange Aegean Marine Petroleum Network is being dropped from the New York Stock Exchange. According to a filing with the Securities and Exchange Commission Wednesday, the embattled refueling company will be delisted 3 December. Baron draws distinction between Aegean and OW Bunker Aegean filed for bankruptcy 6 November, at which point the exchange suspended trading and moved to remove the company, acco
Defendant gets hearing in Pacific stolen-barge case Advanced Environmental Group disputes Pacific Tugboat Service's stolen-barge allegations, wants equipment from arrested vessel.
Ship Finance International eyes tanker market after boxship spending spree Ole Hjertaker hints at investment in tanker space as it shapes for a recovery.
Hapag-Lloyd swings cost axe as it sets out new strategy Strategy 2023 comes at a time container market is seen as being at a turning point where scale is less relevant.
Diana Shipping fixes post-panamax Simeon Palios-led bulker player's 93,193-dwt Alcmene (built 2010) comes off slightly higher rate fetched from Cargill.
Euronav tipped for sale of former Gener8 product tanker Tanker giant Euronav looks to have started offloading a pair of product tankers purchased during its takeover of Gener8 Maritime. VIDEO: 'Important milestone' as Euronav completes Gener8 deal Euronav took in two LR1s as part of the transaction but the ships were always outliers in its vast fleet of VLCCs and suezmax tankers. This week shipbrokers report the company has sold the 72,700-dwt Gener
Futures traders round on Baltic Exchange 2020 proposals Prominent fund manager says FFA contracts for 2020 and 2021 are "melting" following the unveiling of plans in September
NYK plans cashless ships to remove $800m from fleet Crewless ships may still be a little way away, but Japanese owner NYK is much closer to introducing a cashless vessel. It is considering setting up a new network that will allow financial settlements on board using electronic money. VIDEO: NYK reveals emissions-free ship for 2050 NYK develops on-board checks for LSFO Tests have been conducted to examine the potential to reduce administrative w
Hose rupture causes Andromeda tanker spill Indian coastguard asks Andromeda vessel to clean up after small leak.
BW LPG 'eyes open' for takeovers and time charters Martin Ackermann says consolidation not essential for recovery and period deals are a possibility.
Jobs safe as Color Line loses flag fight Norwegian government turns down bid to move vessels to NIS.
Borr Drilling posts third quarter loss Tor Olav Troim's Borr Drilling posted a net loss of $39.1m in the third quarter, despite nearly all its rigs being in operation. Bullish Borr Drilling sets four newbuildings in motion The Oslo-listed driller brought in $49.7m in revenue, but had $91.2m in expenses, most of it from rig operating and maintenance as 99.2% of its rigs were technically utilized. The figures were a dip from last quar
Cosco said to aim for more than $1bn for Long Beach terminal Chinese state-linked company is aiming to complete the sale of terminal by June at the latest, according to the Wall Street Journal.
Navig8, Klaveness working on Bimco cyber security clause Contract limits claims for breaches to $100,000.
BW LPG cuts loss as VLGC rates jump Singapore owner says fleet use rose and costs fell in more positive third quarter.
Rubber bullets used to force migrants off car carrier Libyan authorities storm Nivin in Misrata to end stand-off.
Formosa Plastics ships out a third product tanker Formosa Plastics Marine Corp has sold another of its product tankers at a time it is expected to wind down its presence in the LR1 space. Formosa Plastics drip feeds another LR1 to S&P market Formosa Plastics Marine mulls sale of entire LR1 tanker fleet The Taiwanese shipowner was reported in October to be seeking an exit from the LR1 arena and subsequently began drip-feeding tonnage into the m
Solstad continues fleet clear-out with Singapore sale Norwegian OSV owner continues fleet revamp with deal for Far Supplier.
Sentiment a key driver of bulker market slump, says Golden Ocean chief Birgitte Vartdal says nobody called the fourth quarter drop as she dismissed impact of BHP derailment as "headlines".
Seafarers win 4.5% pay rise after tough talks ILO minimum wage rises to $641 per month after "difficult negotiations."
Brightoil Petroleum drops tanker sales plan amid market upturn and Shell contracts Brightoil Petroleum has dropped plans to sell off its tanker fleet, having previously placed its five VLCCs, four aframaxes and six bunker tankers on the market. Brightoil Petroleum set to refinance five VLCCs with Shandong Shipping deal Brightoil Petroleum eyes potential fleet sale Following a change in shipping market environment, the group had decided to terminate the commercial negotiation
Somers family buying Bomin's Belgian business Tank-barge clan snaps up bunker supplier's operations in Antwerp.
Charity condemns IMO's 'closed shop' Six IMO members have come under fire for protecting the organisation's alleged secrecy. Transparency International has criticised the US, UK, Panama, UAE, Cook Islands and Marshall Islands for opposing efforts to open it up to public scrutiny. The countries are concerned that increasing access to information could lead to outside influence, the charity claimed. Banks: Scrubber financing is 'ver
Reach says subsea tender activity increasing Norwegian OSV operator pushes up earnings in third quarter.
ONE teaming up with Hapag-Lloyd and MSC Japanese line adds partners for Asia to South America service.
Stena Sonangol pushes up pool earnings Suezmax operator sees rates rise in third quarter in "challenging markets."
Exmar finally fixes floating LNG unit to Argentina's YPF World's smallest floating liquefaction unit to be operational in Argentina by April
Nordic Shipholding reaches deal over covenant breach Danish product tanker owner also wins claim in legal dispute, but posts heavy third quarter losses.
US warns maritime sector over petroleum shipments to Syria Treasury says companies face "grave risks" if they ship oil to Middle East nation.
Singapore probing Noble over alleged disclosure breaches Commodity trader under investigation by police, monetary authority and accountancy regulator.
China hasn't stopped unfair commercial actions, USTR says The Office of the U.S. Trade Representative on Tuesday issued a 53-page update to its March-completed Section 301 report on China's policies related to IP, tech transfer and innovation.
NIT League supports World Shipping Council petition Shipper group says change would reduce costs, promote competition with NVOCCs.
Port Canaveral: The key to Florida's auto market Centralized location allows vehicle manufacturers to save on their inland distribution costs, says CEO John Murray.
Hapag-Lloyd outlines selective growth in Strategy 2023 "Delivering value to get the most attractive cargo on board is at the heart" of the plan, says CEO Rolf Habben Jansen.
U.S. turns up heat on illicit Syrian oil imports
Kuehne + Nagel 'acquiring know-how' with Quick buy
New 0.5% swap to limit bunker fuel price risk in 2019 as sulfur cap looms The uncertainty over product availability and prices might prompt hedging bunker fuel price risk to reduce exposure to the volatility expected come 2020.
FEATURE: Physical bunker suppliers eye indications of 2020 HSFO availability As 2020 looms, physical suppliers are questioning the availability of HSFO at bunker hubs and smaller ports.
Crude bounces higher amid heightened Saudi Arabia sanctions risk Crude prices settled higher Wednesday in the wake of rising tensions between Washington and Riyadh over the killing of journalist Jamal Khashoggi.
Rotterdam fuel oil barge delays intensify in Europoort area: sources Congestion in the Rotterdam fuel oil barge market has begun to intensify, with delays in the Europoort area lengthening as sellers struggle to meet loading ranges for the end of November.
TRADER NOTE: Marine fuel supplier Bunker Holding appoints new CFO
External: Marine Bunkering(Rotterdam)B.V.
Bunker supplier Bomin sells Belgian operations "This is a significant time for our family as we look to enter the bunkering market," said Ronald Somers, CEO of the Somtrans Group.
TANKERS: Suezmax earnings on the rise due to strong demand from the East So far this year, 24 Suezmaxes have been sent for demolition, the highest number since 2012.
US sanctions Russian companies in scheme to sell Iranian oil to Syria The sanctions are aimed at cutting off oil sales to the regime of Bashar al-Assad, US administration officials said.
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