Graykowski Joins Dyer Ellis & Joseph
Former Deputy Administrator of the U.S. Maritime Administration (MarAd) John E. Graykowski has joined the law firm of Dyer Ellis & Joseph as a shareholder. Since…
Bulk Carrier In For Repair
The Maltese-flag bulk carrier Fortuna Europa arrived in Yokohama on November 27 for permanent repairs to damage sustained at Balboa in September, Reuters reported.
U.S. Stock Build Eases Oil Pricing
U.S. crude stocks last week rose for the fourth straight week though low import levels kept the increase below expectations, according to the American Petroleum Institute (API).
Taiwan Cuts Bunker Fuel Prices $10
Taiwan's Chinese Petroleum Corp. (CPC) has cut spot bunker fuel oil prices to $171 per ton from $181 effective from Tuesday. The posted prices were for spot 180…
Pertamina To Stop Using Tanker For LSWR
Indonesian state oil company Pertamina will stop using the Platinum tanker as a storage platform for low sulfur waxy residual (LSWR) in December, Reuters reported..
Osprey Reports Strong Profits
Osprey Maritime Ltd., in the middle of being taken over by Norwegian shipping magnate John Fredriksen, reported a sharp earnings turnaround on Wednesday, suggesting…
Carib Freight Rates Soar
Freight rates for Caribbean clean cargoes leapt to nearly W400 on Wednesday from W335 at the start of the week, brokers said. "There's a shortage of Boston-suitable tonnage…
EU To Ban Subsidies, Monitor S. Korea
The European Commission plans to bar state aid to European shipyards from the year-end, but could reinstate it within months if South Korea fails to halt alleged unfair help to its shipbuilders…
Greek Ferry Exec Plunges To His Death
A senior executive at the shipping company which owned a Greek ferry that sank in September killing 80 people, plunged to his death from the sixth floor of his office building on Wednesday…