Lloyd's List Global Awards 2018 With the business of shipping more complex and costly than it has ever been, innovators are being singled out for...
Dirty data delays digital dreams Digitalisation may offer reduced costs greater efficiencies for container shipping, however an unwillingness to share quality data or even agree...
Liberia urges early reporting of 2020-compliant fuel availability New paper calls on IMO to prod states to provide information on availability of new fuels 'well in advance' of...
GasLog Partners collects cash to fuel growth The company expects to use the funds for future acquisitions from GasLog Ltd
IMO's Lim calls for collaboration on decarbonisation Secretary-general Kitack Lim lauds industry support but warns collaboration with governments will be necessary for the development of new technologies
Tariff war can hurt transpacific trade badly, analysts warn Trade war will also encourage reshoring and near-shoring, which is the worst news for container shipping
Zodiac emerges as winner of Toisa tanker six-pack Ofer-led shipowner has tendered the winning offer , said to be about $280m, for the six newbuilding tankers put up...
Hafnia hires Glencore unit for fuel purchases By using a digital platform, Hafnia can track fuel quality more easily
Regulation is flexible to change, says IMO Frederick Kenney explains a delay before 2020 is not procedurally possible, but notes that all of the IMO's regulation allows...
Iran sanctions bypass will have no impact on shipping Iran's oil customers are already calling a halt to tanker trades as the US continues to exert pressure on all...
LNG carrier spot rates surge as market tightens With the sharp decline in tonnage availability, rates are poised for a further upsurge as charterers continue to seek more...
Maersk amends dangerous cargo stowage rule in wake of Honam Maersk evaluated 3,000 United Nations hazardous materials classification numbers to produce its new set of stowage guidelines
Brexit border delays could bankrupt 10% of UK firms, survey claims The Chartered Institute of Procurement and Supply survey found that a failure to reach a deal with the European Union...
Asia-Europe trade feels strain amid Brexit and carriers' vessel ordering spree Weakening import demand from the UK and Germany, coupled with fast-growing ultra-large tonnage supply, overshadows Asia-Europe trade prospects
The Alliance and Ocean Alliance members join forces on the transatlantic The enhanced service, subject to regulatory approval, is scheduled to be launched in December
2M rivals look to capitalise on Asia-Europe withdrawals CMA CGM has increased its pricing competition on the trade in a bid to grow market share twofold, according to...
Supply chains can benefit from better data sharing, says OECD Mistrust and lack of co-ordination among actors with different roles in the supply chain threaten to derail information sharing benefits
Pacific Drilling closes $1bn notes issue The New York-listed driller moves further away from bankruptcy.
Robbers attack ships in Asia A bulker and an LPG carrier were targeted in the last week, says ReCAAP report.
Tough road ahead to meet 2050 decarbonisation goals While current technologies are sufficient to meet the IMO's interim emission targets in 2030, cutting GHS by half from the 2008 level before 2050 requires much more effort, according to senior shipping officials.
New mini-bulker and MPP pool giant formed Peter Dohle and NovaAlgoma join forces to create the world's largest mini-grabber pool.
Carnival spends $75m per year on energy efficiency US cruiseship giant has looked into decarbonised future by investing in emission reduction technologies, according to a company official.
Solstad Farstad wins two-year Qatar PSV charter OSV giant says Far Swan is switching from Australia this month.
IMO mindful of burden on owners amid decarbonisation drive Kitack Lim says action plans now in focus ahead of the next MEPC session but admits financially distressed owners may need relief.
S&P affirms Britannia P&I's A rating Agency likes the look of club's capital buffer and "exceptional" liquidity.
Tortoise shells out $53m for GasLog Partners stake Andrew Orekar-led partnership sells 2.25 million shares to US investment advisor.
New Celestyal Cruises CEO appoints top team Greek owner's boss Chris Theophilides promotes from within.
Slack tanker market turned Tsakos tepid on "big-ish" fleet deal New York-listed owner also fearful of politician flipping script on scrubber story, CFO says.
Buss and IDEA form offshore joint venture German and French companies team up for wind farm and port logistics.
Drones to police Norwegian shipping emissions Maritime authority to check exhausts with a little help from its flying friends.
Nord/LB to axe 1,250 jobs Redundancies will lead to 2018 loss as talks with new investors continue.
Nordea pulls plug on IMSK CEO opens up on his frustration after refinancing talks with Nordea syndicate fail and liquidation looms
IMSK's MAN claims to continue with third-party help Cash-strapped owner still pursuing $20m in engine performance row.
Skaugen: small-scale LNG plan was ahead of its time IMSK boss believes others can benefit from company's pioneering work.
Chinese link removes cloud from IRISL newbuilding quartet Four boxship newbuildings ordered by Islamic Republic of Iran Shipping Lines and anchored following delivery this year are set to begin trading under a new identity. The 14,500-teu quartet have been idle since leaving Hyundai Heavy Industries this summer as new sanctions from Donald Trump's administration threw their further into doubt. Now the ships have been transferred to new ownership, have
EGD pumps $20m into Klaveness Combination Carriers Norway's EGD Shipholding is expanding its cooperation with the Torvald Klaveness group in Oslo by investing $20m in Klaveness Combination Carriers (KCC). The Bergen-based company that includes EGD Shipholding took about 44% of this week's $45m private placement by KCC. As TradeWinds reported, the share issue, handled by Clarksons Platou Securities, fell short of its $70m target. Klaveness raise
Captain Tsakos opens maritime high school on the island of Chios The Maria Tsakos Foundation assembled scores of dignitaries on the Greek island of Chios in September to celebrate the opening of its groundbreaking maritime educational facility. Students and dignitaries honour Maria's memory The Tsakos Enhanced Education Nautical School (Teens) is Greece's first vocational, non-profit maritime high school. It aims to provide seagoing education to 15 to 17-yea
Bimco fast-tracks 2020 bunker clauses Association looks into cost-sharing and compliance as fuel deadline approaches.
Zodiac Maritime zeroes in on six modern tankers Eyal Ofer-led company has accelerated the renewal of its tanker fleet with the purchase of former Toisa vessels.
Maersk tightens up guidelines after Honam fire Dangerous cargoes will no longer be stowed next to accommodation or propulsion areas.
Iranian tankers trickier to track as sanctions near Bloomberg says 10 VLCCs have not transmitted an AIS signal for at least a week.
MOL and Rolls-Royce trial new AI system Ferry fitted with equipment to detect debris and other obstacles.
FSL Trust ends legal action against Alan Hatton Singapore shipowner and its ex-CEO "amicably" resolve claim and counterclaim with settlement.
ADS Crude Carriers wins first VLCC charters Third tanker delivered as Front Page heads to West Africa as FSO.
Gallagher warns P&I clubs over 'blood bath' Broker tells clubs the good times are over as 'sharks' circle, threatening to wreak havoc on their balance sheets
Falling Asia-Europe rates threaten boxship margins Latest slump in world's largest container shipping trade has led to some operators looking to redress the supply-demand balance
Moody's affirms PSA rating despite trade war threat Ratings agency points to port operators' strong support from government-backed investment fund.
Southeast Asian products imports decline in rare reversal Volumes into Singapore, Indonesia and the Philippines down between 10% to 20% year-to-date.
Vopak to boost marine gasoil capacity ahead of IMO 2020 Singapore storage facility to be expanded to enable storage of more low-sulphur fuel.
Bears prevail in wake of US inventory build The oil complex settled lower on Wednesday after a sharp drop in refinery utilization and an unexpected increase in crude stocks last week
Soaring crude prices dent European product cracks Surging outright crude prices are piling pressure on refining margins as oil product values lag behind the rise
Trump takes hard line on Iran, fueling SPR oil sale speculation US President Donald Trump said Wednesday he expects full compliance when sanctions on Iran's oil customers go back into force on November 5
Istanbul bunker fuel premium to Piraeus elevated on tight availability The premium of bunker fuel at Istanbul over the nearby port of Piraeus in Greece is expected to remain higher than normal
Russia may fully reverse production cut of 300,000 b/d this month: energy minister Russia may be back to producing at its October 2016 level this month, energy minister Alexander Novak said Wednesday
USGC-Singapore HSFO arbitrage open on paper, but no one cashing in When the USGC fuel oil market is at this large of a discount to Singapore, traders in the US normally swoop in, but traders and brokers said there have been no rumblings of any company looking to take advantage
TRADER NOTE: Litasco's 2020 project manager joins BP
FUJAIRAH DATA: Oil product stocks lose 8.5% on week as residues slump
S Korean bunker premiums drop to 2-month low, but demand to improve in Q4
FUTURES: Crude stable to lower on surprise US crude stock build
Singapore 380 CST HSFO hit 46-month high on higher crude, tightening supply Singapore 380 CST HSFO hit 46-month high on higher crude, tightening supply
Trading houses face tough spot markets, growing competition from NOCs, Vitol says Commodity trading houses are facing tough competition from the trading arms of national oil companies and challenging conditions in spot markets
Shanghai bunker premiums dip to 3-month of $19.92/mt on robust selling The spread between Shanghai delivered 380 CST bunker fuel and Mean of Platts Singapore 380 CST high sulfur fuel oil assessments hit a 3-month low at $19.92/mt on Tuesday
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
