The Lloyd's List Podcast: What next amid disaster and political turmoil in South America? Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
Shizuoka to supply 'boxed LNG' to Dalian Inteh unit Deal allows small volumes of LNG to be diverted from Japan to China
South African coal exports indicate a reshaping of bulk carrier demand Key market India is diversifying its coal sourcing with Indonesia, South Africa and Australia now facing pressure from US exports
UK retrofit firm gets scrubber contract for over 30 boxships Cleanships Solutions has already begun the retrofitting programme, which it expects to complete by April this year.
Big Three, Big Two, Bigger One Under current share-swap arrangement, KDB will not cease its financial support to DSME or HHI. It is just to turn...
Maersk said to be quitting UK flag Maersk could follow P&O Ferries and other companies in ditching the Red Ensign, sparking fears of a Brexit-driven mass exodus...
Navios Partners unveils new financing as it returns to profit Angeliki Frangou-led partnership enters deals to refinance 12 bulkers and sale-and-leaseback transactions for two capes
Global Ports Holdings secures Antigua and Barbuda cruise concession GPH said that, subject to financial considerations, the Caribbean concession will start in the second half of 2019
China's bearish demand set to hit bulker earnings Iron ore imports may have peaked, while slowing manufacturing and economic headwinds could hurt bulk carrier demand this year, says...
Daily Briefing Hyundai Heavy to acquire DSME from Korea Development Bank | The Interview: Gary Vogel | Viewpoint: Endorse the port |...
Brightoil concedes $1.9bn total debts It has made an application to the High Court of Singapore for a moratorium restraining legal action or proceedings against...
The Interview: Gary Vogel Head of US-listed dry bulk owner Eagle Bulk says he would be open to some sort of a tie-up or...
PIL pilots non-negotiable e-BL on lunar new year shipment The use of e-BL for a shipment of mandarin oranges has almost eliminated the time taken for title transfer while...
Danish giant Maersk has 'no plans' to leave UK tonnage tax That said, the Danish line's last remaining vessel in the regime is nearing demolition age and it no longer has any vessels sailing under the red ensign.
UK Treasury tipped to target tonnage tax in snap budget Improvements to the regime are in the works, but it is not yet known how radical they will be or how soon they will materialise
LNG newbuildings and VLCCs in Capital Product Partners' $800m pipeline Jerry Kalogiratos opens up on what could be on the MLP's shopping list after Diamond S tanker deal.
'Wake-up call' for Indian yards as Brussels rejects scrapping applications Bids by Shree Ram and Priya Blue fail as European Commission focuses on intertidal activities, welfare and waste management
Danske Bank drops 2019 VLGC rate forecast after slack Danske Bank has cut its VLGC rate forecasts for this year - but analysts at the bank remain convinced the market is in recovery mode. Frontline positive on Iran and Opec as tanker trough passes Despite taking his red pen to 2019 projections, analyst Anders Karlsen says this year will be better than last for shipowners in the sector. Danske Bank is now projecting VLGC rates of $21,750 per day in
US government shutdown has delayed Diamond S Shipping merger and listing Capital Product Partners chief Jerry Kalogiratos says transformative transaction still likely to close this quarter.
Lacrosse lads get a look at Seabury Capital A Massachusetts college has proved a fertile hunting ground when it comes to Seabury Capital's recruiting. Last month Seabury welcomed the men's lacrosse team from the College of the Holy Cross to its New York office for a careers day. Seabury Maritime strengthens top team They may have met some familiar faces, as two recent graduates of the college are employees of Seabury, and chairman and CE
US customs agent sentenced for failing to inspect ships A US customs agent has been sentenced to 30 days of house arrest for failing to inspect ship. Carl James Jr was also ordered to complete 200 hours of community service. The Virginian-Pilot website cited court documents as saying James, 38, was the only agricultural specialist working at Virginia International Gateway in Portsmouth. He was tasked with checking for invasive species or diseases.
Global Ports Holding wins Antigua cruise port concession GPH will focus on enhancing the passenger experience, as well as catering to the world's largest cruiseships
Court limits Evergreen's suezmax smash bill to $9.5m The UK admiralty court has limited Evergreen's liability for a collision between its boxship Ever Smart and a suezmax tanker to $9.5m. Evergreen's 7,024-teu Ever Smart (built 2006) "drove into and almost through" the 153,000-dwt Alexandra 1 (built 1997), owned by Nautical Challenge, off Jebel Ali in February 2015, judge Andrew Baker said. Ever Smart suffered $4m in damage. The laden suezmax, who
BW LPG sells veteran vessel for demolition in India BW LPG has sold one of its oldest ships for demolition, its chief executive confirms. Oslo-listed BW LPG has sold the 57,000-cbm gas carrier BW Helios (built 1992) for $420 per ldt or $6.8m. BW LPG shares inch up after Ackermann dips into stock BW LPG 'eyes open' for takeovers and time charters The ship, which has been in the BW fleet since it was delivered from UK-based Govan shipyard, is b
Polsteam pulls plans to sell panamax bulker pair Shift of focus towards handysize prompted sale but lacklustre S&P response
Kayne Anderson sells KNOT Offshore and Hoegh Partners shares Kayne Anderson Capital Partners has cut back on two of its shipping holdings. The Richard Kayne-led investment manager sold shares in KNOT Offshore Partners and Hoegh LNG Partners, according to Securities and Exchange Commission filings on Thursday. The firm now owns 1.8 million shares in KNOT Offshore, down from 2 million. The reduced stake is good for 5.6% of the company. In Hoegh, Kayne Ander
Politics, price and succession to the fore in potential shipyard mega-merger Shipowners positive on major shipbuilding combination despite possibility of higher prices.
PIL uses blockchain eBL to ship oranges from China Singapore's Pacific International Lines (PIL) has used electronic bills of lading (eBLs) to ship mandarin oranges from China for Lunar New Year celebrations. Zim opening up blockchain transits after trials Built on the IBM blockchain platform, the real-time pilot tracked the shipment, significantly cutting down on administrative processes. Importer Hupco took part in the trial as consignee of 3
Deutsche Bank loan provisions stable at $602m Provision for credit losses at Deutsche Bank was unchanged for 2018 at €525m ($602m), the lender said on Friday. Risk-weighted assets were up at '350m in the fourth quarter, from '344m in 2017. Corporate and investment bank provisions hit '110m in the last three months, versus '7m in 2017. The lender reported its first annual profit since 2014, earning '341m, compared with a loss of '735m the y
Two crew killed by fumes on woodchip carrier Two seafarers have died on a woodchip carrier in Indonesia. Police said the cause was suspected to be inhalation of toxic fumes. The 50,000-dwt Green World (built 1996) was docked at Merak on Friday. Banten Port regional police chief AKP Zamrul confirmed the incident to Banten News. He added the men were believed to have opened a cargo hatch and were overcome by fumes. The deceased were from
SCI evicts sacked executive from company hostel A court has evicted a sacked Shipping Corp of India (SCI) executive from company premises. The state shipowner said "unauthorised occupant" Shri Raja Basu had been "compulsorily retired" from the company in May 2017. SCI loss grows despite ship sales This was due to unsatisfactory performance and departmental proceedings over unspecified issues, it added. Since leaving SCI, he had been living
HHI workers halt wage vote after DSME merger mooted Unionised workers at South Korea's Hyundai Heavy Industries have halted a vote on a new wage deal following the news that the yard could buy rival DSME. KDB pressing ahead with mega-merger of world's two largest shipbuilders The labour union held an emergency meeting on Thursday after putting off the ballot on 2019's settlement, Aju News reported. Workers have been worried about consolidation a
Danske Bank reverses $285m of impairments Danish lender Danske Bank has reversed DKK 650m ($285m) of impairment charges in 2018. This is less than in 2017, when it logged DKK 873m of reversals. Interest income was down at DKK 24.66bn against DKK 27.88bn, while net profit dipped to DKK 14.68bn from DKK 20.9bn. It said the underlying business remained solid and saw "good developments". "Credit quality remained strong across all business
MOL VLCC in prang with mooring in Basra An MOL VLCC has collided with a loading pipeline in Basra, causing some disruption to loading at the terminal. VLCC scrapping set for respite before regulation-driven spike Brokers were alerted to the incident involving the 311,000-dwt Altair Trader (built 2005) yesterday. A spokesperson for the shipowner says the tanker is now loading and the situation is being examined. The collision is not
Blaze breaks out in cargo holds of APL boxship Container line APL has said a fire has broken out in the cargo holds of a boxship en passage from Shekou to Singapore. Insurers seek to win IMO support in bid to combat boxship blazes Emergency response procedures were activated for the 9,200-teu APL Vancouver (built 2013) off Vietnam in the early hours of Thursday. "The operator is in continuous contact with the vessel's master and local autho
Three injured and one detained after brawl on boxship Three seafarers have been injured and one detained by colleagues after a serious fight on an MSC boxship off South America. The incident on the 5,606-teu MSC Marta (built 2005) took place on Wednesday evening. Radio Tivat reported that the three wounded crew were from Montenegro. A chef was reportedly seriously hurt and was taken to hospital by helicopter. More minor injuries were suffered by
Kumiai Navigation orders dual-fuelled VLGC at Kawasaki Heavy Industries Kumiai Navigation's VLGC newbuilding is part of the company's fleet renewal and expansion programme.
Liquidation looms for Emas Energy Services Ezra Holdings subsidiary placed under creditors' voluntary liquidation.
Product tanker Sea Frontier sinks off Malaysia Local authorities say all crew rescued from partially submerged vessel and no oil has been spilled.
WLS: BlueWater data reflects world trade challenges BlueWater Reporting's Q4 2018 World Liner Supply report shows cargo front-loading on Asia to North America trades due to the U.S.-China trade war and challenges associated with the European Union's underperformance.
U.S., China agree any deal must be enforceable As another bilateral round of talks concluded this week, U.S. Trade Representative Robert Lighthizer said U.S. and Chinese officials extensively discussed enforcement.
Moves made to merge Korean shipyards Korea Development Bank is taking steps to merge Daewoo Shipbuilding and Hyundai Heavy Industries, but says Samsung may bid.
Expanded Panama Canal has exceeded expectations Containerships remain the top vessel, but the canal has seen an increase in LPG and LNG carriers since the expansion opened in June 2016.
COSCO's Finkel: Low rates make alliances necessary Shipping line's executive vice president of trade says U.S. trucking and rising ship fuel expenses are other concerns.
EU sidesteps sanctions on Venezuela's PDVSA The EU has no appetite for general sanctions targeting Venezuela or its state-owned oil company PDVSA, despite the US imposing sweeping curbs on the latter earlier in the week, official EU comments show.
Bunkering operations resume around Gibraltar following storm: port authorities Bunkering operations have resumed in the Bay of Gibraltar, spokesmen for the port authorities at Gibraltar and Algeciras said Friday, after a period of bad weather eased.
Supply of bunker fuel at Rotterdam tight: sources Supply of high sulfur 380 CST fuel oil, one of the fuels used to power tankers, remained tight at the port of Rotterdam, the Netherlands, sources said.
US crude exports to Asia to swell in Mar, Apr on cheaper freight US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Middle East, according to market participants and shipping fixtures Friday.
Russian Rosneft's 2018 bunker fuel sales up 10% to 3.2 million mt Rosneft's sales of bunker fuel in 2018 rose 10% to 3.2 million mt as it continued to develop premium segments of its business, the Russian company said Friday.
Additional Alberta crude supply may help fill Venezuela gap More Canadian crude supply will soon be available to US Gulf Coast refiners looking to replace Venezuelan barrels, after the Alberta government Wednesday said it was raising its oil production cap by 75,000 b/d.
Iraq crude exports unaffected by tanker collision with Basra SPM Crude exports via Iraq's Persian Gulf terminals have not been affected by a January 30 collision of a crude tanker with a single point mooring buoy, the state-run Basra Oil Company said Friday.
External: Marine Bunkering(Rotterdam)B.V.
TRADER NOTE: Bunker provider OceanConnect hires new technical sales director
Doubts about open-loop scrubbers to increase pressure on LSFO supply: IBIA A global washwater discharge ban is currently not on the cards, Einemo said.
Marine Fuel 0.5% futures trades suggest price surge going into 2020 Twenty lots, equivalent to 2,000 mt, of CME's December Mini Singapore FOB Marine Fuel 0.5%(Platts) futures were block cleared by the exchange Thursday.
Shell earnings jump despite flatling output "We will continue with a strong delivery focus in 2019," Shell CEO Ben van Beurden said.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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