MSC Zoe clean-up operation under way MSC has said it is not aware of any dangerous cargo spill
Great White Fleet to replace reefers with cellular boxships The weekly container service will use two chartered-in vessels of the modern type and will turn in five weeks
MSC containership crew kidnapped off Benin MSC has secured the vessel, cargo and remaining crew but have no further comment about missing seafarers
Hapag-Lloyd reports blaze on vessel Yantian Express was bound for the Canadian port of Halifax, Nova Scotia, on its way from Colombo when the fire...
DHT Holding's co-chiefs move to Singapore The company, which has its corporate headquarters in Bermuda, will see its Singapore office hold senior management and focus on chartering...
New IMSBC rules on coal liquefaction kick in Insurer Gard highlights regulatory changes that came into place on January 1, which also include changes to scrapping rules for...
Indian Register posts 4% growth in classed fleet IRClass is now recognised by 41 flag states globally, with additions last year including the Netherlands, Vietnam, Jordan and Bahrain
Japan shipping majors pledge to be forward-looking Companies' chiefs set out their strategy for addressing challenges
Spot rates spike as sulphur surcharges filter through Asia-Europe spot rates have achieved double-digit percentage gains since the turn of the year, while the transpacific market has witnessed...
Cargo ship runs aground in Libya The 2009-built Liberian-flagged Atlantic Peach was carrying 150 containers when she ran aground
PSA puts itself at the vanguard of digitalisation While there are challenges, there are also many benefits to be gained from adopting new technology, PSA Singapore head of...
Thailand shuts down oil and and gas fields as it waits out tropical storm At least three production and storage floaters disconnected and moved from offshore fields in the Gulf of Thailand - Erawan...
Yard Talk | Little new year cheer for shipbuilders While the number of active shipyards has shrunk significantly since 2009, hopefully the power of consolidation will truly revive the...
Daily Briefing Holiday cheer for capesize market | Pre-tariff rush link to drop in key China manufacturing index | Exclusive interview with...
All eyes on US-China trade talks Talks to begin after technology and agriculture players in the US incurred billions in damages; China manufacturing volume also shrank for the...
Leaner and greener shipping will attract investment, says Moore Stephens There remains an appetite for investment in shipping from both new and existing players
California move to ban coal exports from Bay Area terminals Environmentalist groups such as the Sierra Club are applying pressure on all levels of government
Search suspended for last missing MOL crew Shoei Kisen Kaisha is coordinating with the merchant vessels that have picked up surviving crew for their transport from the...
US shipping stocks rise with the market Thirty New York-listed companies show green arrow today amid upward market momentum driven by positive jobs report, Fed remarks.
UK-flagged ship grounded on Mississippi in Louisiana The Mississippi River is blocked after a UK-flagged bulker ran aground Friday morning. Croatian-owned bulker runs aground in Argentina Shortly after 8:30 a.m. local time, the 114,248-dwt Anglo Alexandria (built 2011) was grounded roughly 70 miles southeast of New Orleans, near the mouth of the waterway, the US Coast Guard said. The disabled ship, plus several days of heavy fog, have created a q
Government shutdown not hitting shipping industry It's unclear how the shutdown has affected the Maritime Administration, but the shipping industry seems unconcerned
Fiori eyes growth as he looks to 'make Premuda great again' Marco Fiori, the Italian shipowner's new chief executive, outlines plans after his appointment was confirmed today.
Baltic Exchange exploring introduction of new tanker routes Public trial will see US to China VLCC route tested alongside possible suezmax, aframax and MR routes.
US accuses Russian owner of sanctions-busting scam US government prosecutors claim Sovfracht used a front company to launder millions of dollars through US banking system to pay for jet fuel
Seaspan declares quarterly dividend Seaspan has announced a quarterly dividend of $0.12 per share. The dividend is the eighth consecutive quarter the boxship owner has declared such a dividend, after dropping it from $0.37 per share in November 2017. The company has paid a dividend each quarter since 2006. After losing $174.1m in the second quarter of 2017, the company has been in the black each of the last five quarters. In the
Danaos Corporation falls out of NYSE price compliance Danaos Corporation has been put on notice by the New York Stock Exchange. Danaos plans to 'rely' on compliant fuels After its shares closed at $0.90 Friday, the Greek boxship owner announced that it had received notice from the stock exchange that it was out of compliance with its $1 per share minimum price rule. The company has six months to get its shares back over $1 and close at an average
MSC cleaning up lost boxes in North Sea Diego Aponte-led boxship giant has expedited clean-up process with help from several salvage companies.
Njord Shipping buys first boxship in partnership with MPC Njord Shipping has acquired its first containership as it continues to expand its fleet. The Norwegian shipowner has teamed up with Oslo-listed MPC Containerships to buy the 2,490-teu Norfolk Trader (built 2002). Njord chief executive Henrik Ness confirms the purchase of the vessel, which comes with a charter party attached. Glastad buoyed by handysize investments Breakthrough in Asia fuels
Croatian-owned bulker refloated in South America The bulker that ran aground earlier this week in South America was refloated in the early morning hours Friday. According to Argentine law firm Vega & Co., the 53,529-dwt AP Sveti Vlaho (built 2009) sailed to an anchorage in nearby Recalada to proceed with local coastguard formalities. Croatian-owned bulker runs aground in Argentina The ship, owned by Dubrovnik-based APS Shipping and managed by
Fire hits Hapag-Lloyd containership off Canada Fire has broken out in a container and spread to others onboard a Hapag-Lloyd containership on Friday. Efforts were made immediately to extinguish the fire onboard the 7,510-dwt Yantian Express (built 2020). Concern mounts over car carrier fires following Sincerity Ace blaze However, they have been suspended due to a "significant deterioration of weather conditions", the Germany-based carrier
Fiori completes comeback with top job at Premuda Marco Fiori has been confirmed as the new chief executive of Premuda, completing a rapid return to the industry for the former d'Amico International Shipping CEO. Fiori set for quick comeback as d'Amico departure date nears Paolo d'Amico on shipping: 'You have to fight for things you love' Fiori will take over the role from Jens Martin Jensen, the Pillarstone shipping man who has filled the pos
World economy 'greatly upset' by protectionism, says K Line K Line president Eizo Murakami has used his annual New Year's message to highlight the need for stability and certainty in geopolitics and trade in order to sustain economic growth. Murakami said 2018 was a year of "gradual improvement" for the world's economy. Japan P&I Club drives expansion in FD&D Myochin is new K Line CEO as Murakami moves upstairs This was despite setbacks in developing
Michael Gross grows stake in Global Ship Lease Hedge fund tycoon Michael S. Gross has strengthened his position as a leading shareholder in container specialist Global Ship Lease. Webber defends 'great deal' with Poseidon as GSL stock struggles Gross now boasts a 13.5% stake in the New York-listed shipowner, in which he has been a shareholder since 2008, an SEC filing shows. His stake of 10,752,754 shares is split between his personal acco
Dry bulk and LNG shipping stocks tipped to shine in 2019 DNB Markets names its top picks for this year, alongside an upgrade for Star Bulk.
BW Offshore extends Brazilian FPSO charter BW Offshore has secured a one-year extension for one of its floating production, storage and offloading vessels. BW Offshore giant largest ship scrapped this year The 257,865-dwt FPSO Polvo (built 1980, converted 2007) will keep working for PetroRio until the third quarter of 2020. The ship's charter was set to expire in the third quarter of this year. The deal between the Oslo-listed company
Crew evacuated from burning cargo ship Fifteen crew have been evacuated from a general cargo vessel that caught fire off the coast of Turkey on Friday. The blaze erupted in the accommodation block onboard the 4,195 dwt Mark (built 1981) at around 06:20 local time, according to Turkish press. "A police boat was dispatched to the scene. Fifteen crew members were rescued and taken to [Istanbul's] Kartal port," Istanbul Governor Ali Yerl
Top DHT Holdings executives swap Oslo for Singapore Top management at VLCC owner DHT Holdings are quitting Oslo for the Asian shipping hub of Singapore. DHT Holdings closes book on BW VLCC deal Co-chief executives Svein Moxnes Harfjeld and Trygve P Munthe will no longer be based in the Norwegian capital. However, the rest of the management team will remain in Oslo, where the company has an office on Haakon VIIs GT. DHT confirmed the swap in a
Lower Opec exports dent tanker shipments in December Crude tanker loadings dropped by 3% in December with the output from Opec countries falling due to lower exports from Saudi Arabia, according to Morgan Stanley. Tanker sector licks lips for 'positive disruption' Clarksons Platou Securities analysts calls 'new dawn' for shipping stocks in 2019 Analyst Fotis Giannakoulis, citing ClipperData, says global crude tanker trade fell to 1.6 million barr
MOL aims for improved profitability in 2019 Japanese shipping giant says it must also understand where its strengths lie versus the competition.
ONE sets productivity record at PSA terminal Liner giant says achievement serves as new operational benchmark for Singapore port operator.
Corpus Christi awards first VLCC channel improvement deal US port begins ship channel deepening effort with first contract over next five years.
Customs brokers fret over border closure threat The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an "economic disaster."
Japanese shipping execs concerned about protectionism Leaders of NYK, MOL and "K" Line also highlight the challenge of IMO sulfur regulations.
MSC intensifies North Sea cleanup More than 250 containers washed off the MSC Zoe on Wednesday.
David Arian, L.A. harbor commissioner, labor leader, dies Arian was the president of the International Longshore and Warehouse Union from 1991 to 1994 and also served as president of Local 13 in Los Angeles.
EU intends to extend steel safeguard The European Commission has notified the World Trade Organization of its intent to extend steel safeguards imposed last summer through July 16, 2021.
Virginia lays out offshore wind supply chain roadmap With an estimated 30 gigawatts of offshore wind power projected for the United States by 2030, Virginia believes its port facilities could play a central role.
Dive into January issue of American Shipper
Fire breaks out aboard Hapag-Lloyd box ship
SEKO Logistics acquires GoodShip International
Executive Moves: ITS Logistics, JZ Expedited
Contract awarded for Port of Corpus Christi project
Iraq seeks to hold crude production at 4.513 million b/d for six months The cut would be 140,000 b/d from the reference level of 4.653 million b/d reached in October, the ministry said in a statement Friday.
Oil settles off intraday highs after US crude, products build blunt rally Crude futures settled in the black Friday, but well under intraday highs after a bearish US Energy Information Administration inventory report halted an early session rally.
OUTLOOK 2019: LSFO demand to displace HSFO in Asia ahead of IMO 2020 The IMO will cap sulfur content in bunker fuel to 0.5% from the current 3.5% from January 1, 2020 and shipowners are expected to start buying low sulfur bunker fuel from Q3, leading to a drop in demand for high sulfur fuel oil, according to industry sources.
Chinese Ningbo-Zhoushan port's Dec throughput rises on year In 2018, container throughput rose about 7.6% year on year to 27.95 million TEUs, while cargo throughput was up 7.7% at 776.43 million mt.
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