Japanese fishing company fined, banned from U.S. waters The U.S. Department of Justice reports that Japanese fishing company Fukuichi Gyogyo Kabushiki Kaisha (Fukuichi), was convicted and sentenced today in the District of Guam for two violations of the Act to
Waterways Council releases new educational videos As part of its continued effort to help educate audiences about the inland waterways' connection to agriculture, to the labor community, to freight shippers, to the Corps of Engineers, and to building
NAVSEA awards VT Halter $2.9 million CHAMP award VT Halter Marine, Inc. has won a Naval Sea Systems contract worth nearly $2.9 million. VT Halter Marine was one of four U.S.-based companies awarded a contract under the Common Hull Auxiliary
Project aims to ease path to wind-assisted ship propulsion ABS and Netherlands based research institute MARIN have launched a Joint Industry Project (JIP) to investigate transparent and validated methods to assess the performance of wind-assisted shipping propulsion technologies. The JIP covers
104 Crowley vessels earn Devlin Awards The Chamber of Shipping of America (CSA) honored 104 vessels owned and/or managed by Crowley Maritime Corporation with annual Jones F. Devlin Awards in recognition of their combined 737 years of incident-free
U.K. frigate deters Iranian interference with BP tanker A U.K. Royal Navy frigate has blocked an attempt by Iran's Islamic Revolutionary Guard Corps to interfere with the passage of a BP Shipping tanker through the Strait of Hormuz. According to
Gibraltar orders arrest of detained Iranian tanker's senior officers The investigation is still ongoing and the tanker continues to be detained, say the Gibraltar police
IMO facing renewed calls for transparency reform Australia, Norway and South Korea among those demanding live-streamed IMO meetings and open reporting
Borr Drilling plans US listing Borr hopes to raise between $10m and $50m from the offering
Growth in cargo thefts involving 'insiders' The perils of cargo theft continue to plague stakeholders throughout the global supply chain
Attica unveils bond issue to refinance loans Attica's board agree the issue of paper for a secured loan of €125m ($141m) as a minimum amount, and up...
Vehicle carriers could benefit from running on LNG LNG investments on pure truck and car carriers on the Atlantic and Pacific routes can yield returns ranging from within...
Singapore retains top maritime centre title Singapore, Hong Kong and London as top three maritime centres offer comprehensive logistics and transportation support, according to the annual...
Belships adds to fleet with newbuilding The vessel, which is expected to be delivered in the second half of 2021, comes with purchase options
Scorpio exercises options for 23 more scrubbers Update: The options have been exercised with scrubber manufacturer Pacific Green Technologies, a US-based venture with PowerChina, and is worth...
Cosco Shipping chairman calls for discipline on new capacity Industry veteran minces no words in declaring overcapacity the "most important factor" troubling the industry
Daily Briefing BIMCO backs coalition plan to protect Gulf shipping | UK risks leaving Brexit freight decisions 'too late' | EU says...
UK targets post-2025 newbuilds to be zero-emissions capable Maritime Minister Nusrat Ghani sets out plan that aims for all new ships ordered from 2025 to be designed with...
Samsung Heavy picks up $124m order for two suezmaxes SHI separately announced that it would build a research and development facility to boost its competitiveness in liquefied natural gas...
Viewpoint: Reducing risk with tailored data Tailored to a ship's location and voyage profile, the launch of an automated loss-prevention tool that is able to operate...
Danish startup gets backing for shipping's digital transformation Software developer secures $2.5m investment from industry experts as it seeks to expand scheduling and asset management business
Titan LNG delivers LNG bunker to world's largest heavylift semi-sub The newbuild semi-sub recently underwent sea trials and will begin its offshore career lifting a 15,000-tonne offshore production structure in...
China keeps ship security in Malacca Strait at highest level Chinese vessels in the region continue to implement the highest security level, despite Singapore's statement that the city-state has received...
Gulf tensions rise over increasing threat to shipping Shipping passing through the Strait of Hormuz is on high alert after a British warship confronted Iranian vessels blocking a...
Wells Fargo to incorporate 'Carbon Factor' into scorecard The move by Wells Fargo aligns with the Poseidon Principles laid out by shipping banks last month
Ocean Yield revenue continues to hurt bottom line Depressed revenues continue holding down Ocean Yield profit. For the second quarter of 2019, the Kjell Inge Rokke company posted a $5.3m profit, down considerably from the $35.1m earned in the same period last year. CMB gets firm price for capesize charter-back sale Revenues fell more than 50% in the same time frame, as well, from $69.8m last year to $30.1m as the 214,266-cbm FPSO Dhirubhai-1 (
Huawei is the eyes and ears of China's Belt and Road Initiative Chinese telecommunications giant's bid to bring the world 5G is a digital twin of Xi Jinping's Belt and Road Initiative - it is no coincidence
Tanker captain arrested in day of drama between Britain and Iran Gibraltar police have arrested the master of a tanker at the centre of a simmering political dispute between the UK and Iran. British ships operating in the Gulf have been put on the highest state of alert amid fears that UK-flagged commercial vessels are vulnerable to attack by Iranian gunboats. The change in guidance from the British government changed the alert to level 3. UK fends off Iran
Chartworld slams US in court over reefer detention Lawsuit claims 'there has never been any other matter in which there was such an unreasonably long delay of the vessel'
Diana Shipping to pay investors more in extended tender offer Diana Shipping's rising stock price has prompted the shipowner to adjust the pricing of its tender for its shares and extend the offer by nine days. Diana Shipping offers another buyback The pricing has been increased by 15% from $3.25 to $3.75 per share. Diana's current share price was trading on the New York Stock Exchange today at $3.73 as of 11:10am (EST), some way above Diana's previous te
SK Shipping homes in on HHI for fresh LNG carrier order South Korean owner is adding a vessel as its earlier delivered ships remain off market
Japanese VLCC sale promises latest positive asset price point Tanker markets are buzzing with talk of a VLCC sale which would mark a further escalation of asset values. Neda and Ridgebury VLCCs fetch premium prices from conversion buyer Yinson Ridgebury Tankers sells VLCC as price spike extends Owners and brokers have been closely following NS United's sale of the 299,999-dwt Aquarius Wing (built 2005), which attracted attention of a selection of respecte
Shipping's supercycle 2020: could the fantasy turn into a reality? As freight markets show signs of improving, even the sceptics are beginning to wonder whether 2020 will deliver maritime's long-awaited recovery
Uljanik to sell youngest units in debt restructuring Ditas revealed as buyer of last ship sold by Croatian shipowner
Denmark leapfrogs US to become world's fifth largest shipping nation Denmark has leapfrogged the US to claim the world's fifth largest operated fleet of vessels, its shipowners association says. Denmark, which boasts the planet's biggest shipowning company in AP Moller-Maersk, has moved past the US only 18 months after taking sixth spot from Germany. Danish shipping continues to punch above its weight on global stage Danish maritime training transitions from 'Ma
UK sets 2025 limit for zero-emission ships Government says all new vessels ordered for its waters must comply from that date.
UK fends off Iranian approach to BP tanker Ministry of defence said three vessels tried to impede suezmax in Gulf.
Zim-backed Ramon International appoints new boss Andrews Industry veteran retires from Zim-backed brokerage and takes on executive to develop the business
Tor Olav Troim plots New York IPO for Borr Drilling Tor Olav Troim has launched an IPO for Borr Drilling in New York as it looks to join its major peers in the world's largest capital market. Borr was initially listed on Oslo's over the counter market and has moved through the Norwegian system to the main board. Billionaire Gray shows additional appetite for Troim firms with Borr Drilling buy Borr Drilling completes $645m financing deal Tor Ola
Seized drugs ship 'owned by JPMorgan Chase' US reports link MSC-operated vessel to bank's transport fund.
Singapore holds top spot in Xinhua-Baltic maritime city index The Lion City has once again demonstrated its superiority in offering ship management and broking services, says the index provider
China's Wanhua Chemical in talks for VLGC newbuildings Stock-listed group needs raft of large gas carriers to ship product from Abu Dhabi under supply deal signed last year
Mining giant BHP floats dual-fuel newcastlemax newbuild tender Green Corridor partner approaches selected owners for groundbreaking bulk tonnage
H-Line adds to LNG bulker order at Samho South Korean owner commits to another two gas-fuelled ships.
Owners 'powerless' if Iran seizes UK ships Lawyer Stephen Askins warns that Iran will not recognise international forums.
Dof vessels win short-term contracts Two of Dof's North Sea platform supply vessels (PSVs) have won short-term period employment. Dof trio win long-term contracts with ConocoPhillips Premier UK has hired the 4,135-dwt Skandi Caledonia (built 2003) for around four months from this quarter. The PSV will perform supply duties for two firm wells, plus another optional well. Dof (UK)'s 4,328-dwt Skandi Barra (built 2005) will this m
Gibraltar VLCC seizure a 'stark warning' to owners Reed Smith says US and EU sanctions regime has a broad reach.
Hyundai Mipo Dockyard nets first ro-ro order of 2019 Hyundai Mipo Dockyard has won its first ro-ro order of this year. A mystery European shipowner has contracted two of the ships at the South Korean shipyard. Turkey's Yasa back at Hyundai Mipo for more MR newbuildings HMD told investors today the vessels had a price tag of KRW 163.2bn ($138.9m). Delivery of the pair, which extend a good summer run for the shipyard, will be delivered by 2022. W
Marseille boulevard honours CMA CGM's Jacques Saade On Watch is a sideways look at shipping by TradeWinds reporters
DNB impairments rise as offshore challenges remain Norwegian lender said there was a second-quarter increase in provisions for some clients with distressed loans.
British warship thwarts Iranian bid to seize BP tanker Iranian boats approached British Heritage in Gulf, according to US officials.
Wisdom handysize sale tied to Cargill charter, brokers say Sale of dry bulk vessels by Taiwan owner underpinned by long charter to trading giant, shipbrokers claim
SM Line trio fetches $100m in S&P deal with Chinese leasing outfit More former Hanjin boxships chartered out to Maersk Line at rates below spot levels
Veder eyes yards in China for small-scale LNG carriers Dutch owner appears to have fresh appetite for tonnage despite recent fleet additions
Bihar renewal gets into gear with $340m product tanker contract Dubai shipowner opts for scrubbers as it goes to work on replacing scrapped and sold tonnage
Navig8 and Oaktree Capital bury hatchet to heal joint-venture rift Venture's chemical tanker fleet will stay with Navig8 management for at least two years, as reports of failing coatings are said to have been exaggerated
Samsung Heavy wins orders for two suezmax tankers South Korean shipbuilder says it has now secured over 40% of its sales target for 2019.
Peace Boat picks up Zenith dropped by Pullmantur Japanese cruise line emerges as mystery buyer of the 47,400-gt ship after Spanish outfit revealed plans to replace the vessel
S'hail adds two bulkers to Klaveness Baumarine pool Expanding Qatari owner now has five of its seven ships in Oslo-based owner's pools.
BW continues to whittle down its Dorian holding BW Group's Dorian LPG sell-off continues. After a failed takeover attempt last year, Andreas Sohmen-Pao's firm sold more than 213,000 Dorian shares last Friday and another 118,000 this week for a total of $3m, according to Securities and Exchange Commission Filings. BW Group takes Dorian LPG selldown to $5.7m with latest share sales BW now owns 6.6 million shares in the New York-traded, Connect
USTR starts Section 301 review of planned French digital tax The action could result in trade remedies, including tariffs, if the U.S. finds that France is engaging in unfair commercial practices.
Long Beach falls short of all-time record June 2018 was the busiest month in the port's 108-year history.
Independent Container Line changes port rotation Transatlantic carrier will make Southampton its U.K. call instead of Liverpool.
Logistics aid group ready to assist Louisiana The American Logistics Aid Network is rallying its freight logistics and transportation service provider members to assist with the potential devastating aftermath of Tropical Storm Barry.
Charleston has record-setting volumes The port handled a record 2.4 million TEUs of containerized cargo in the 12 months ending June 30, an 8.8% increase over the prior fiscal year.
Port of LA reports busiest year ever The nation's largest container port handled 764,777 TEUs in June and 9.7 million TEUs in the last fiscal year.
Cost-share split sought for inland waterways work The Waterways Council wants lawmakers to legislate a cost-share split for inland waterways infrastructure projects that's 25% nonfederal funds and 75% federal monies.
UK thwarts Iranian seizure of tanker Latest incident comes after U.K. arrests ship carrying Iranian crude oil.
Oil edges lower as market braces for Barry's impact Oil futures settled lower Thursday as markets consolidated in the face of the impending landfall of Tropical Storm Barry.
Japan weighs joining US coalition to protect Strait of Hormuz oil shipments Japan will likely keep its options open on whether to join the US-led coalition to defend the Strait of Hormuz.
Hilo falls to lowest in a month on rising HSFO The spread between FOB Northwest European 1% fuel oil cargoes and 3.5% FOB Rotterdam barges fell to its lowest point in a month.
HSFO West-to-East arbitrage trade opens up on strong Singapore prices: sources Arbitrage trade of high sulfur fuel oil from Rotterdam to Singapore has opened up due to strong Singapore prices.
External: Global Risk Management
Asian Suezmax market cautious amid reports of Iranian boats accosting BP tanker "This kind of development is always a concern for the shipping market," said one shipowner.
Open Med-Asia arb sees atypical naphtha cargo flow from Libya: sources
FUTURES: Crude oil tad higher after overnight rally "The hurricane [in US Gulf of Mexico] is expected to take up most of the market attention for the rest of this week," OCBC Bank analysts said.
TRADER NOTE: Dan-Bunkering hires senior bunker trader for Sydney office Butler's appointment came into effect from May.
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