CSSC units to receive $1.6bn capital injections in major restructuring move Deals come after a prolonged downturn in the Chinese shipbuilding industry
Navios buys two panamax bulkers for $22m The vessels are expected to generate $4.8m in earnings before interest, tax, depreciation and amortisation in the first year of...
Turkey clamps down on abandoned ships Under new regulation, harbour masters will have the authority to destroy or sell problem vessels if not removed within 45...
Bitcoin freight deals emerge in sanctions-hit countries Varamar and Prime Shipping trial cryptocurrency deals in preparation for launching their own digital tokens this year
Why ultra-freezer service matters to HMM There's more to deep-freeze reefers than bringing the temperature down: they give HMM a new competitive edge.
MPC Container Ships to consider bond offer Feeder owner accepted onto Oslo Axess after less than a year in business
Nordea continues to take hit on shipping Biggest Nordic lender says customer activity in shipping and offshore services was 'moderate' during the quarter with exploration and production...
Daily Briefing Hamburg shipping interests voice opposition to privatisation of HSH Nordbank, fearing that a fund-manager takeover of the stricken industry lender...
HMM starts offering 'ultra-freezer' service on some routes South Korean operator offers to carry goods at temperatures as low as -60°C in a move to target the air-transport...
China issues guidelines on financial services for maritime development China to accelerate development of maritime-related insurance and encourage funds to increase investment in shipping sector
Ravi Mehrotra keeps the party going More than 550 guests including IMO head celebrate 27th annual winter barbecue in London
MSC expands presence in ro-ro trades with new West Africa service The container shipping, ports and cruise heavyweight has a small portfolio of ro-ro activities in the Mediterranean but is moving...
Marine professionals call for jailed Costa Concordia master's case to be reviewed Open letter cites new investigation that claims ISM Code was ignored by Italian authorities and illegal use of electronic chart...
MISC calls for more collaboration in the maritime industry Maintaining long-term relationships with partners is a key part of the group's business strategy, say top MISC executives
Deutsche Bank optimistic on dry bulk and product tankers Star Bulk, Euronav and Ardmore Shipping are the bank's top picks for shipping investment
Euronav vows more M&A activity after Gener8 deal UPDATE: Tanker giant has confidence in benefits of industry consolidation despite lower profits in 2017
Focus on data recorders in Sanchi collision probe Maritime authorities from Iran, China, Hong Kong and Panama have signed an agreement to jointly investigate accident
US targets North Korean shipping in fresh sanctions Five North Korean shipping companies and their vessels added to the US Treasury's sanctions list as part of a broader...
Teekay prices public share offering Company looks to raise up to $112.1m from the transaction
In praise of intolerance The maritime industry could take a page from the aviation sector in taking a more intolerant stance toward accidents
Box carrier forum TSA to shut down after three decades The discussion agreement covering the Asia-US trades provided members with market intelligence and issued freight rate guidelines but unlike conferences...
US, Russia aim for safer Bering Straits Joint proposal on two-way routes aims to reduce collision risk and provide more room for ice evasion.
Euronav's Rodgers: 'size matters' for owners Chief executive says its growing scale helped rates outperform industry benchmarks in fourth quarter.
Chinese financial lessor spreads net for distressed shipping assets Minsheng Financial Leasing aims to grow as an asset-oriented value investor in high liquidity segments including tankers and boxships
Cosco tanker arm defends charter loss accounting Shanghai Stock Exchange quizzes Cosco Shipping Energy Transportation after accounting move lifts reported profits by $56m
Clock runs out on NAT hopes for $16m equity 'bonus'
Newbuilding strategy will bear fruit in market of 2020
Intermarine aims to lead heavylift consolidation CEO Andre Grikitis says the heavylift multipurpose sector has lost its way as his Intermarine moves to consolidate
Gritikis ready to 'flush out the zombies' in MPP
Shipping's schmoozers can learn from forward thinking in Davos Agenda for this week's globalisation summit shows that business leaders need to respond to the tough questions asked by the public
Singapore's advanced port vision poised to spread across shipping Shipowners will be keenly watching the efficiency and safety innovations being pioneered by terminal operators
ClipperData to roll out box cargo tracking
Asia-Middle East trades brace for flood of big boxships Middle East routes predicted to become the new 'dumping ground for big ships' as rates stagnate and the overall orderbook filters into the market
MarConsult targets dry bulk bounce back in fleet blueprint Hamburg shipowner aims to acquire mix of up to 17 ships to seize on secondhand price opportunities
Sale points to smart asset play by Lomar
Japan's ONE enters boxship charter market with Ciner deal Period charters give Turkish owner confidence to plot further expansion in the neo-panamax boxship sector
Rival pair fight to end for Total's LNG bunker vessel Choice of tank type and yard key in contest between Chinese and South Korean builders for new breed of LNGBV to serve long-haul LNG-fuelled vessels
Havila Kystruten challenges Hurtigruten control
'Owners missing one hell of an opportunity' in Arctic tenders Companies not aggressive enough in bidding for Russian offshore work, brokers say
Seacor's new tie-up marks 23 ship buys since 2016
Seacor-Cosco newbuild deal is bargain for both Link-up is a rare win-win transaction for offshore these days as it keeps vessel prices low for the US owner but high for the Chinese shipbuilder
Trump's posturing over Iran could affect payouts for tragic Sanchi Fears mount that banks will be even more reluctant to deal with Iran over the Sanchi amid hardlining by the US president
Row over Little Seyma unlikely to derail merger agreement
GMS hits out at Norwegian central bank over ban
Hong Kong recycling convention gets boost from Japan
LR chief upbeat on dry bulk at Vasilopita event
ICS calms fears ahead of sulphur emissions cap
Growing US crude cargoes cut into trade from West Africa Suezmax market expected to be put under more pressure as VLCCs head to Gulf Coast for surplus production
Pistiolis adds another MR, taking tally to a dozen Greek shipowner's Central Shipping Group exercises option for second product tanker at HMD
Team Tankers aims to strengthen presence by selling smaller duo
Breakers watch in hope as VLCCs head for demolition
Laurin Maritime buys back tanker from KS owner
Mehrotra barbecue beats winter blues
Transocean set for quick profit on supramax
Livanos group poised to sell oldest bulker
HHIC gets the nod to build Exmar VLGCs
TransOba deal throws light on vanishing Mardeniz fleet Supramax sale lends credence to reports of sell-off by Turkish owner last year
Gram buys pair of car carriers from Lauterjung
Nissen and Nisshin's new tonnage orders top $2bn Dynamic private Japanese duo grow fleets with investments made at the very bottom of the market
Chinese import buyers in price frenzy for bulkers Rumours of a change in Chinese import regulations is said to be driving up prices for the remaining available ships suitable for domestic coal trading
Load Line Marine reels in German supramax Greek shipowner makes renewal move with 2011-built supramax after the sale of older units
Capital Maritime chief sees purchase options across board Gerry Ventouris explains there are plenty of expansion avenues for new German joint venture.
Trump's leaked infrastructure draft indicates White House intends to incentivize infrastructure funding A draft of President Donald Trump's national infrastructure plan indicates the White House intends to incentivize infrastructure funding - ...
Port of San Diego begins marine terminal modernization project The Port of San Diego has started a $24 million project to modernize its Tenth Avenue Marine Terminal. On Tuesday, port and elected offici...
Executive Moves: JaxPort and NS The Jacksonville Port Authority (JaxPort) has selected Frederick P. Wong Jr. as chief operating officer, effective Feb. 5, 2018.He joins Ja...
Concerns linger over revised CTPAT As U.S. Customs and Border Protection prepares to roll out revised security standards for its primary industry security partnership program...
Transpacific Stabilization Agreement shutters operations The Transpacific Stabilization Agreement (TSA), a nearly 30-year old group that represented the major liner carriers in the transpacific tr...
Port of Halifax sets new container volumes record in 2017 Containerized cargo volumes through the Port of Halifax have set a new port record, the Halifax Port Authority (HPA) announced Thursday. I...
HMM introduces 'ultra-freezer' service Hyundai Merchant Marine (HMM), South Korea's largest ocean carrier, started its first 'ultra-freezer' service, traveling from Busan, South ...
Electric barges could change future of European waterways European ports will launch a network of fully electric, emission-free and potentially crew-less container barges this summer, multiple sour...
Robert Mottley, maritime industry reporter, dies Robert Courtney Mottley Jr., a longtime maritime industry reporter, died on Jan. 22 after a valiant battle with brain cancer. He was 75. B...
Russia's Novak sees 2018 global oil industry investment rising 10% on year Global investment in the oil and gas industry will accelerate growth to 10% this year, as the industry recovers from several years of underinvestment, Russian Energy Minister Alexander Novak told Russia 24 state TV channel late Wednesday.
Crude pares increases after dollar jumps on Trump comments Crude futures fell Thursday when the US Dollar Index bounced off a three-year low and into positive territory after President Donald Trump said that the dollar should strengthen.
Gunvor mulls upgrade options at Rotterdam to meet IMO requirements Swiss commodity trader Gunvor is looking at various options for its refinery in Rotterdam aimed at meeting the International Maritime Organization's requirements for low sulfur marine fuel from 2020, the company said Thursday, adding that it hasn't made any decision yet.
High water levels continue to restrict shipping on Rhine Shipping on some sections of the Rhine continues to be interrupted, with closures on the river Thursday between Karlsruhe and Koblenz, according to the high water registration service in Germany.
Varo Energy announces bunker biofuel collaboration with GoodFuels at Rotterdam Fuel supplier Varo Energy announced a collaboration Thursday between its subsidiary Reinplus Fiwado Bunker and Goodfuels Marine, to produce sustainable marine fuels at Rotterdam, The Netherlands.
Iraq drops plans for integrated Nassiriya oil field project Iraq's National Investment Commission is promoting nearly a dozen oil sector projects for investors ahead of a presentation at a donor and investor reconstruction summit in Kuwait next month.
Fuel oil traders lose interest in renewing ARA storage on backwardation Backwardation in the fuel oil and crude oil market has soured storage economics and led to more than one trading house not renewing their Rotterdam tank leases managed by Dutch operator Vopak.
TRADER NOTE: Bunker trader Peter Beelenkamp leaves SK Energy, Rotterdam Senior bunker trader Peter Beelenkamp has left South Korean petroleum producer SK Energy in Rotterdam, sources close to the company said.
External: Wired Bunkering
Brent/Dubai EFS nears $4/b as global oil complex rallies "Crude and product draws are impressive, and margins are okay considering the flat price," an oil trader said.
Kuwait signs deal with Hyundai Heavy Industries for three new LPG tankers The $213.36 million contract is the fourth phase of tanker expansion for KPC.
FUTURES: Oil continues its climb on OPEC comments, US stock draw Everybody is focused on staying the course in 2018, Falih said at the World Economic Forum in Davos.
FACTBOX: Comparison of IEA, EIA, OPEC oil market forecasts The IEA issued a bearish report in January.
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