Scorpio Bulkers eyes consolidation deals Scorpio Bulkers president Robert Bugbee predicts that at least five fleet consolidation deals will take place within a year
Shipping investors shift focus to yields from assets in market upturn Newbuildings become undesirable as investors seek stable, long term returns
Poseidon expands fleet with nine boxships George Youroukos-led vehicle finds alternatives to Diana Containers units ahead of potential Euroseas merger
Shipping gets new guidance on Red Sea threat BIMCO, ICS and Intertanko partner up to prepare shipowners
Hamburg shipping out to scupper takeover of HSH Nordbank US investors could call time on big family owners, industry figures warn
Western banks here for the long haul in shipping finance Bank lending remains more cost competitive in the long-run than leasing and private equity
Transparency International turns spotlight on IMO Non-profit group hiring consultant for two-month project to examine regulator's transparency, accountability and integrity
Shipping shows it's getting serious about digital New hires are a step in the right direction as digital transformation comes to the shipping industry
BBC's Bryant named as host of Lloyd's List Americas Awards May 23 Houston event will follow Informa KNect 365's Gas Shipping North America conference
More scrapping and limited newbuilding to support crude carriers Financing markets favour secondhand over newbuilding deals while scrapping remains high, with weak rates and regulation, Marine Money is told
Daily Briefing The decision by CMA CGM to go with LNG for vessels that will be traded on long-haul between Asia and...
Nova Marine Carriers targeting dry bulk consolidation and growth Chief executive of 100-vessel family business talks about the company's expansion and why scale matters
Wisdom Marine firms up handysizes order Dry bulk owner has ordered around six bulk carriers between October 2016 and January 2017
Contship Italia reports traffic dip in 'challenging year' Italian operator sees 1.3% fall in throughput numbers, as healthy gateway traffic helps mask disappointing transhipment volumes
Chinese shipyards facing shrinking backlog and rising costs New orders are expected to remain on an uptrend this year, but backlog will continue to contract
Waigaoqiao yard wins court battle with CLdN Bulk Ruling adds $12.8m to shipbuilder's 2017 profit figure
HHI sees 52% jump in value of new orders in 2017 Strong order growth attributed to low base the previous year
Grounded and breached VLEC underway after refloat and repairs Incidents in the Suez Canal did not result in any pollution or casualties
China's policy to cut steel capacity will hurt bulker trades After iron ore imports hit records in 2017, capesize and panamax bulk segments to be affected by move
Storm helps break up Sanchi oil slicks Smaller oil oil patches have been found drifting to the southeast of the wreck
Teekay to raise up to $115m with sale of convertible notes Group also looking to offer 10m shares in a public offering
Costamare beats Wall Street forecasts for fourth quarter Greece-based boxship owner already locking in higher 2018 charter rates
Damen to deliver its first CSD to South Africa Dutch shipbuilder plans to send an on-the-shelf Cutter Section Dredger 250 to Dredging Africa.
US sanctions six ships for North Korea ties US government moves also target individuals and businesses as part of ongoing blockade of hermit kingdom.
Primed investors, exit strategies and open kimonos Shipping is back on the radar so it's time to learn from the greats on how to get your money out at the top.
Capes are the 'sexy size' in dry bulk revival Despite seasonal pullback, shipowners see capesize supply as tightest for next two years as dry bulk shipping sees ongoing growth.
Farstad wants his name off Solstad Farstad Disgruntled Andy Farstad is cutting ties with Solstad Farstad.
RCL to give bonuses for hitting earnings targets Miami-based cruise major plans to give 66,000 workers, excluding corporate officers, an extra 5% on top of their salaries as it achieves "Double-Double" goals.
CMA CGM looks to IT sector for latest hire Marseilles-based boxship owner poaches digital chief from major Indian digital firm as part of new initiative.
Yemen attacks prompt security tips Maritime organisations offer guidelines on security in southern Red Sea.
Arntzen: 'Banks treat new customers like lepers' Macquarie advisor lays out how mainstream lenders are getting it wrong in shipping today.
Teekay raises $237m in share and note sales Vancouver-based company also raises $125m in convertible offering with debt repayment likely use for new funds.
Unknown Chinese lessors waiting in wings Standard Chartered shipping boss says next phase of leasing story is arriving.
Hill Dickinson poaches Siiri Duddington Law firm brings in new shipping partner from CJC.
Societe Generale in the market for shipping Bank would snap up loan portfolios if right deal arose.
More Statoil cash for Subsea 7 Owner wins offshore deal worth up to $150m off Norway.
Japan: N Korean and Dominican tanker 'in contact' Cargo transfer may have taken place in East China Sea, government says.
Torm banked $100m in 3.5 hours Finance chief says major shareholder was willing to take full book if needed.
Ridgebury sees big year for tanker scrapping But CFO Hew Crooks is less positive about the prospect of new tanker companies listing in the US.
Cosco yard group secretary Teo dies Executive at shipbuilding company passed away suddenly on Tuesday.
Skou: Maersk has beefed up IT security Boss says group can now restore systems faster after cyber attacks.
Swissco asks court for more time Singapore owner wants to postpone court refinancing meetings.
POSH offloads elderly anchor-handler Singapore owner confirms sale of Salvirile as it renews fleet.
MSC launches ro-ro run to West Africa Giant line wants to capture project and break bulk market share.
Seatruck Ferries logs 10% volume rise Clipper Group owner says 2017 was another strong year.
Hurtigruten buying back ro-paxes Odfjell and others selling leased ships back to Norwegian owner.
Croatia: $117m Uljanik guarantee is 'stopgap' Economy minister says yard needs to get on with finding strategic investor.
Hyundai Heavy Industries post big rise in orders World's largest shipbuilder sees back log at end of 2017 much healthier than 12 months earlier.
Ecoslops plans Suez Canal reception facility French group says such a set up could potential recover up to 40,000t of waste a year.
Höegh adds calls to Baltimore, Jacksonville HöeghAutoliners will add calls to the ports of Jacksonville, Fla. and Baltimore via the Europe-Oceania roll on/roll off (ro-ro) service in ...
Norfolk Southern posts $3.9b net income for Q4 2017 Norfolk Southern Corp. reported a net income of $3.9 billion and diluted earnings per share of $13.79 for the fourth quarter of 2017, accor...
CNC Line, APL to commence Asia container loop Ocean carriers CNC Line and APL, both subsidiaries of French ocean carrier CMA CGM, will commence a new Asia container loop starting mid-Fe...
CN earnings pick up steam in Q4 2017 Canadian National Railway's (CN) earnings picked up some serious steam in the fourth quarter of 2017, spiking 156 percent to $2.61 billion ...
Crowley assists in power restoration on island near Puerto Rico Crowley Maritime Corp.'s liner and logistics teams recently provided supply chain management services for the first of several expected shi...
North American rail coalition urges NAFTA negotiators to stay at the table The Association of American Railroads (AAR), Railway Association of Canada (RAC), and Asociación Mexicana de Ferrocarriles (AMF) have sent ...
Getting underway as 'ONE' The container shipping landscape, which has seen its share of changes in recent years, is set to shift yet again come April 1, once the Oce...
Two men charged with illegal China export scheme The U.S. Justice Department said Tuesday that two individuals, Yi-Chi Shih and Kiet Ahn Mai, were arrested on Jan. 19 and subsequently char...
OPEC will review market in June, but 'highly, highly unlikely' to exit output cuts: Falih OPEC and its allies will review market conditions at their meeting in June, but a production-cut agreement is likely to remain intact through the end of 2018 as scheduled, Saudi Energy Minister Khalid al-Falih said Wednesday.
Lukoil CEO sees April market balance, warns against overcutting oil output to avoid price hikes The CEO of Russia's second-largest crude producer Lukoil, Vagit Alekperov, Wednesday warned against overdoing production cuts, saying these could lead to a sharp rise in oil prices, including due to underinvestment in new projects, and called for considering a gradual end to the OPEC/non-OPEC deal after market rebalancing, which he expects in April.
US Treasury sanctions North Korea oil ministry The Trump administration Wednesday sanctioned 16 individuals, six vessels and nine entities, including the North Korean Ministry of Crude Oil Industry.
NYMEX crude gets boost from US stock draw Front-month NYMEX crude topped $65/b Wednesday for the first time since December 2014 after Energy Information Administration showed US crude stocks falling for the 10th straight week.
External: Wired Bunkering
REFINERY NEWS: Malaysia's Petronas to shut 100,000 b/d Melaka CDU in Mar Melaka refinery will likely be shut down in early March for a month-long turnaround, sources said.
BP Singapore exits Singapore landed storage for fuel oil: sources The lease at Universal Terminal expired at the end of December and had not been renewed, sources said.
S Korea leads Asia's shopping spree for North American crudes for Q1 "The purchase of US crude is part of efforts to diversify crude sources other than the Middle East," a SK Innovation spokesman said.
Gulf Petrochem Group changes name to GP Global to reflect expansion The new name reflects the company's international presence in Singapore, Rotterdam, Mumbai and the UAE.
FUTURES: Crude falls on profit-taking, inventory build Market has a bullish outlook on crude oil due to events such as the IMF's upward revision of its growth forecast, possible collaboration between OPEC and its allies beyond 2018 and falling crude oil output in Venezuela.
Trafigura inks deal to ship on new, approved Cactus II crude pipeline On Monday, Plains said it had sufficient shipper commitments from a just-concluded open season to build Cactus II.
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