Petrochemical Producers Supply Chain Survey

Petrochemical Update recently reached out to their extensive network of petrochemical supply chain & logistics purchasing managers to an insight into budgets

Low MR Charter Rates Hurt Pyxis Tankers' Earnings

Tanker

Due to lower MR charter rates, Pyxis Tankers ended Q2 2018 with a widened net loss.

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SAMSA: MSC Boxship Loses 13 Containers off Durban

Containership

A containership operated by MSC loses a number of containers off Durban.

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COSCO Shipping International Bounces Back to Profit

FINANCE

Acquisitions drive COSCO Shipping International's turnover jump in Q2.

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Another Body Found after Hit and Run Incident off India

Map of collision

India locates fisherman's body after collision between a merchant vessel and fishing boat.

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Zeaborn Brings Management Activities under One Roof

shipping

Bremen-based Zeaborn Group is merging its ship management activities under a new brand.

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EuroDry Looking Into Merger Possibilities Post Spin-Off

bulker

EuroDry, created via Euroseas' spin-off, is exploring merger possibilities in the sector.

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China Seeks Feedback on Use of LNG as Marine Fuel

The Chinese Transport Ministry calls for feedback on the advancement of the use of LNG as marine fuel.

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Yang Ming Sinks Deeper into Loss

Yang Ming

Yang Ming's net loss expanded in the second quarter of 2018, amid a surge in fuel prices so far this year.

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US Sanctions on Iran to Affect Greek Owners

Tanker

Greek owners are most likely to be affected by the upcoming US sanctions on Iranian ports, shipping and energy sectors.

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Port of Antwerp Hit by Fire

Fire erupts at nickel ore warehouse at Port of Antwerp, Belgium.

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Hapag-Lloyd Testing Scrubbers, LNG as Fuel ahead of 2020

Afif

Hapag-Lloyd exploring compliance options ahead of IMO's 2020 sulphur cap.

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Readers' Picks of the Week

Here are the most popular stories of the past week.

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Wilhelmsen Optimistic as Earnings Drop after Drew Deal

Wilhelmsen

Following the abandoning of Drew Marine acquisition, Wilhelmsen ended the second quarter of 2018 in loss.

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Dorian LPG Invests in Scrubbers

Challenger

Dorian LPG inks deal for seven scrubbers worth USD 20 million.

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LNG Spot Charter Rates Hit Peak despite Low Seasonal Demand

LNG carrier

LNG charter rates strengthened in the second quarter of 2018 and are at their peak since 2012.

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Tanker Damages Dock at Ploce Port, Croatia

Ploce Port

A tanker loaded with oil rammed into a dock in the Croatian Port of Ploce, causing significant damage.

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Genco’s CEO Says There Are More Purchase Opportunities

Dry Bulk

Genco's CEO: There are still opportunities for purchases on the market.

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HMM Hires Diana Containerships' Panamax

Containership

Hyundai Merchant Marine has signed an agreement to hire a Panamax boxship from Diana Containerships.

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Norwegian Cruise Line's Earnings Outpace Estimates

Norwegian Bliss

NCL's earnings surpassed estimates due to a strong demand for cruises and the delivery of Norwegian Bliss.

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NRF: US Imports Set Records ahead of New Tariffs

Containers

US imports have set a number of records ahead of new tariffs on products from China.

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Bow Jubail Oil Spill Clean-Up to Last until Mid-2019

Bow Jubail oil spill

Port of Rotterdam: The cleanup of Bow Jubail HFO spill is expected to last until the middle of 2019.

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Competition, High Costs Push Hapag-Lloyd Deeper into the Red

Afif

Market headwinds have pushed German liner Hapag-Lloyd into a net loss of USD 115.6 million.

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US Releases Another List of Chinese Imports to Face Tariffs

Tanker

The US unveils the second list considering Chinese imports valued at USD 16 billion.

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Maersk, IBM Unveil Blockchain Shipping Solution

Containers

Industry-wide collaboration advances as more than 90 organizations participate in the global trade solution.

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Cecilie Maersk Collides with Fishing Vessel

Maersk Line

p Cecilie Maersk collided with a fishing vessel on August 7, while en route to Le Port, Reunion.

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Trafigura Wants to Build VLCC Terminal in Texas Gulf

Trafigura's Texas Gulf Terminals looking to build a new offshore deep water terminal in the Gulf of Texas.

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Unknown Ship Involved in Hit and Run off India

Aircraft

Unknown merchant vessel collided with the Indian fishing boat Oceanic, leaving three fishermen dead off Kerala.

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