Trump's Revenge: US Oil Floods Europe, Hurting OPEC, Russia
U.S. supplies to Europe set for all-time high in April; on course to overtake Russia, Saudi. As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they…
Baltic Index Near 15-week High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday to near 15-week highs, boosted by rising rates for capesize vessels.
SSY: Atlantic Capesize Index Gain by 2,041 Points
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index down by 2,041 points in the week ending Monday to 7,323. "Led by gains on trans-Atlantic routes,…
Alfa Laval's Volume, Profit Both Beat Street
Engineering group Alfa Laval reported quarterly earnings and order intake above market expectations on the back of an upturn in the oil and gas sector on Monday…
China's First Home-built Carrier to Start Sea Trials
China first domestically developed aircraft carrier looks set to begin sea trials after pictures appeared on the Chinese internet on Monday of it leaving its dock in the northeastern port of Dalian.
Vopak to Invest in Rotterdam Terminal
Vopak Rotterdam Botlek is investing in 63.000 cbm state-of-the-art stainless steel capacity (15 tanks) for the storage of Styrene and other hazardous chemicals.
South Korea Eximbank Pledges Huge Loans to Shipping
As part of the government's large-scale rescue plan for shipping sector, the Export-Import Bank of Korea (Korea Eximbank) sets a figure for loans and guarantees to the country's shipping sector.
China's Proposal on ISO Sulphur Test
A proposal by China to mandate specific ISO test methods for sulphur, building on a proposal made by IBIA to the IMO earlier this year, has won support to be further…
British Ports Association Writes to PM on Brexit Concerns
The British Ports Association has written to the Prime Minister calling for funding guarantees for any new border facilities and digital infrastructure, which may…
Earth Day: Canada to Protect Ocean
Plastic waste and marine litter pose an increasingly serious threat to our oceans and marine life. Canada is committed to protecting our environment and preserving our waterways…
Hapag-Lloyd to Cut CO2 Emissions by 20 % by 2020
Hapag-Lloyd is publishing the company’s first sustainability report ever yesterday (April 22) as the world celebrates “Earth Day,” which says that the company had…
IMO to Use IBIA’s Best Practice for Suppliers
The first edition of IBIA’s “Best practice guidance for suppliers for assuring the quality of bunkers delivered to ships” was welcomed by the 72nd session of the…
Maritime UK Mulls Increased Commonwealth Trade
Alderman The Lord Mountevans, Maritime UK Vice Chair, called for increased trade between UK and Commonwealth countries at the Commonwealth Head of Governments Meeting (CHOGM).
Petrobras starts production of Búzios field, Santos Basin
Petrobras started (20/4) the production of the Búzios field, in the pre-salt of the Santos Basin, through the platform P-74. Búzios is the first field in production under an Onerous Assignment regime.
USCG Cutter Seizes $200m in Cocaine
The crew aboard the U.S. Coast Guard Cutter Steadfast (WMEC-623) returned home Friday to Astoria after a 60-day counternarcotic patrol in the Eastern Pacific Ocean.
Hazira Port Breaches 500K TEU Mark
Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer today said that it had breached the 0.5 Million TEU mark at Hazira Port in FY 2017-18…
Star Bulk Acquires 16 Ships
Star Bulk Carriers Corp. agreed to acquire 16 vessels from entities affiliated with Augustea Atlantica SpA and York Capital Management in an all-share transaction.
USCG Cutter Richard Snyder Commissioned
The Coast Guard commissioned North Carolina's first Fast Response Cutter, the Richard Snyder, during a ceremony in Atlantic Beach. FRCs feature advanced command…
Mark Chu Steps Down as COO of Seaspan
Seaspan Corporation, the world's largest independent containership owner operator, has announced that Mark Chu has notified the company that he plans to step down…
Samskip Nor Lines' Service to Call Rotterdam
Samskip subsidiary Nor Lines will include calls at Rotterdam for the first time in its weekly multipurpose liner service connecting to Western, Mid and Northern Norway, with effect from June 1st.
