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International Seaways Funds FSO Joint Ventures

Apr 27, 2018

International Seaways announced that its joint ventures with Euronav NV, which own the FSO Africa and FSO Asia floating storage and offloading service vessels, have closed on a $220 million credit facility.  Based on INSW’s 50% ownership in the joint ventures…

Singapore Extends MFM Use

Apr 27, 2018

Following the successful completion of test-bedding the use of mass flow metering (MFM) system for delivery of distillates , the Maritime and Port Authority of Singapore (MPA) will extend the mandatory use of MFM to all bunker tankers delivering…

IMO Urges Governments to Implement HNS Convention

Apr 27, 2018

The IMO treaty covering compensation for damage caused by Hazardous and Noxious Substances (HNS) transported by sea is the subject of a workshop underway at International Maritime Organization (IMO) Headquarters, London (26-27 April).  The…

Diana Shipping TC for m/v Atalandi with Uniper

Apr 27, 2018

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi.  The…

Aluma Marine Grows Marketing Team

Apr 27, 2018

Boat builder Aluma Marine, LLC has appointed Malcolm Wisch as Director of Sales and Marketing and Sherry Wisch as Marketing Manager.An industry veteran, Malcolm was previously associated with SeaArk Marine, Inc. for 20 years. He has a B.S. Degree in Marketing and Advertising…

Fukunaga Joins Matson Board

Apr 27, 2018

Matson, Inc. shareholders elected Mark H. Fukunaga, Chairman and CEO of Servco Pacific Inc., as a new member of Matson’s board of directors.  Concurrently, Matson Chairman and CEO, Matt Cox, announced that the board's independent directors have designated Stanley M…

A's Considering New Ballpark Site at Port of Oakland

Apr 27, 2018

Officials at the Port of Oakland say they have entered exclusive talks with a Major League Baseball team considering the waterfront at Howard Terminal as a potential location for a new ballpark.On Thursday, port commissioners approved a one…

Turkey to Open Investigation into Steel Imports

Apr 27, 2018

Turkey will open an investigation into whether iron and non-alloy steel imports harm local producers, the government said on Friday.Producers from the European Union, which Turkey aims to join, will be exempted from the investigation, the government said…

Singapore Extends Compulsory Use of Flow Meters to Distillate Barges

Apr 27, 2018

Singapore will extend the mandatory use of mass-flow-meters to bunker barges delivering distillate fuels to large ships, the port authority said on Friday, ahead of an expected pick-up in the use of distillates to meet caps on sulfur content…

LNG Tankers En Route to Britain, Belgium and the Netherlands

Apr 27, 2018

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks.The vessels carry gas to Europe's most active markets and include cargoes delivering on a spot basis and under long-term contracts…

Kobe Steel Under Investigation Over Data Tampering Scandal

Apr 27, 2018

Kobe Steel Ltd said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan's industrial sector last year.In a statement, Kobe Steel said that 'investigating authorities' were conducting an inquiry…

International Seafarers’ Welfare Awards Presented

Apr 27, 2018

The International Seafarers’ Welfare and Assistance Network (ISWAN) revealed the 2018 winners of its International Seafarers’ Welfare Awards at a ceremony in Geneva.The awards honor those who have offered exceptional levels of welfare services and facilities to seafarers…

Guest Promoted to CEO at Harland and Wolff

Apr 27, 2018

Jonathan Guest has been tapped to succeed Robert J Cooper as chief executive officer of Belfast shipyard Harland and Wolff Group PLC and Harland and Wolff Heavy Industries Limited.Guest, the company’s current director of business development and improvement…

New Cranes Arrive at APM Terminals Elizabeth

Apr 27, 2018

APM Terminals Elizabeth took delivery of four of the newest generation gantry cranes to better serve liner customers deploying larger ships.  The cranes reach 23 containers across the vessel beam – equivalent to two thirds the width of a football…

ABS Execs Discuss Key Maritime Topics in Singapore

Apr 27, 2018

ABS executives informed the industry conversation at Singapore Maritime Week, with presentations on the growing cyber security threat to maritime, new opportunities to take advantage of data, and the huge potential of LNG shipping for the region…

Logistics News

Maersk Reports First Quarter Drop in Revenue Growth

Maersk Reports First Quarter Drop in Revenue Growth

Container Shipping Companies Cut Asia-US Services

Container Shipping Companies Cut Asia-US Services

Israel Attacks Yemen’s Hodeidah Port

Israel Attacks Yemen’s Hodeidah Port

Panama Canal Administrator Outlines the Waterway’s Evolving Role in Global Trade

Panama Canal Administrator Outlines the Waterway’s Evolving Role in Global Trade

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Source: China resumes Brazilian soybean imports from five suspended firms before Lula's visit.
Sources say that the US and Russia are exploring ways to restore Russian gas to Europe.
Asian spot LNG prices are rising but Chinese demand is still muted