Kolesnikov eyes return to black for Sovcomflot World's biggest tanker operator takes quarterly loss in its stride
Maersk discounts talk of attack as fire spreads on board boxship Kampala Firefighting team has confined blaze to the ship's foremost bays
Owners spared premium hike from Suez Canal containership scare Shipowners urged to revise security plans
Global Ports to acquire Russian port operator NCC Acquisition agreement will create leading Baltic terminal operator, but deal is subject to regulatory approval
British imports of LNG fall 8% Piped gas preferred over seaborne cargoes
Red Rum sale pushes up secondhand VLGC prices Interest builds in large petroleum gas carriers
Blaze sinks product tanker off Malaysia Fire spreads to tanker moored alongside
Smooth sailing for capes Plenty of cargoes bound for China continue to support capesize rates
UASC may choose gas to power 18,000 teu vessels Adopting LNG would be a first for big containerships
Ridgebury Tankers splashes out $116m for four MR product tankers Private equity-backed company's purchase helps drive up secondhand values
Great expectations for Russian box ports after a busy 12 months APMT deal for 37.5% of Global Ports Investments could be a game-changer
Greek ferries add Syria to their woes Oil price rises could extinguish flicker of hope seen in battered sector's latest results
Ferry recovery rests on Greek economy, says Strintzis Hellenic boss predicts sector's annual results mired in red ink
DNB Bank appoints new head of Asia Borgen steps down as Shanghai-based head of China takes the reins
Titan announces further delays to earnings reports Annual 2012 and first-half 2013 results being held up by outcome of litigation in Bermuda
China Merchants Energy Shipping to order 12 bulkers New handymaxes to replace and upgrade ageing vessels
Flex LNG settles Samsung dispute with order for two carriers Plans for floating liquefaction units changed to modern tri-fuel carriers
Port Sudan offers security firms an alternative base Khartoum gives go-ahead to bonded armoury but the venture needs outside approval
3 held in Suez Canal attack on box ship EGYPT said three people have been arrested in a failed rocket-propelled grenade attack on a box ship as it passed through the Suez Canal, IHS Global Insight's Country Risk & Forecasting unit said today
Manufacturing Picks Up in China, HSBC Index Shows The HSBC China Purchasing Managers' Index, a composite indicator designed to provide a snapshot of operating conditions in the manufacturing economy, increased to 50.1 in August, ending three months of decline. The index had fallen to an 11-month low of 47.7 in July. "This implies that growth in China's manufacturing sector has...
Indonesia Port Operator Opens New Car Terminal Indonesia's state-owned port operator Pelindo II has opened a new car terminal in Sumatra. The 6,560-square-foot facility at the river port of Boom Baru has capacity to receive up to 300 cars a day. Most of the units are expected to arrive on roll-on, roll-off vessels from the Port of Tanjung...
Russia's Global Ports Buys Domestic Rival NCC Global Ports, Russia's biggest port company, on Monday announced the acquisition of second-ranked domestic operator National Container Co., in a $1.56 billion deal that catapults it into the rankings of the top 20 global container handlers. London-listed Global Ports has agreed to pay NCC's owners, First Quantum Group of Moscow, $291...
Canada's Melford, Sydney Backers Still Hopeful Backers of proposed deep-water container terminals at Melford and Sydney, Nova Scotia, are undeterred by the projects' long gestations. Separate groups have been working for nearly a decade to develop terminals that could handle the largest container ships afloat. Melford and Sydney are in undeveloped areas on naturally deep water next...
Canada's Big 4 Container Ports Put Focus on Infrastructure Port Metro Vancouver handles more than 50 percent of all container cargo moving through Canada's busiest container ports, and the British Columbia gateway is investing to retain its No. 1 container port position. In the midst of more than $700 million in construction on several road and rail projects, Vancouver is...
Labor's Futile Dray Fray Any company that depends on unobstructed international supply chains to serve its customers in the U.S. or abroad should appreciate the profound victory that came last week in a federal court's order permanently barring the Port of Los Angeles from enforcing the so-called employee-driver mandate. The mandate was one of several...
UPDATE: Firefighters Contain Maersk Kampala Blaze to 6 Boxes Firefighting tugs early Monday were making progress toward extinguishing a blaze on the Maersk Kampala, five days after fire broke out in a container in the ship's forward bay as it steamed toward the Suez Canal, Maersk Line said. The fire broke out in a single container at the bottom of...
Western Bulk plots IPO Privately owned Western Bulk is contemplating an initial public offering (IPO) on the Oslo Stock Exchange.
Yen boosts Kawasaki Kawasaki Heavy Industries (KHI) shipping division had a more profitable second quarter despite a drop in sales.
Zvezda opens up? Russia is looking to sell off part of its massive new Far East shipyard Zvezda.
Vroon back at Cosco Dutch offshore shipowner Vroon has upped its order tally at Cosco Guangdong shipyard by two more vessels.
Eimskip calls for action Icelandic container line Eimskip has urged the government to sort out the country's economic problems after seeing its second quarter profit slashed.
Handy owners test water Owners of two Japanese-built handymax bulkers are opening up the ships for inspections in China this month.
U-Ming profit slashed Taiwanese owner U-Ming has been hurt by a drop in revenue as profit was cut back in the first half of 2013.
Global grabs NCC London-listed Global Ports Investments has snapped up Russian rival NCC Group for $291m plus shares.
Vard bags another Norwegian yard Vard has clinched a contract for a platform supply vessel (PSV) with industry newcomer Carlotta Offshore.
Master "forgot coast" A German cargoship grounded on a UK island after the captain "forgot about the coast" while plotting its route.
Grindrod in first half dip Grindrod reported a dip in first half earnings despite a reversal of fortunes for its shipping division.
Bulker crewman stabbed A crewman has been airlifted from a Japanese bulker off the US after suffering stab wounds.
Rio Tinto's cape coup Mining giant Rio Tinto has hailed the first shipment from its expanded Australian export facility as a significant milestone.
Golar refutes Exmar claims Golar LNG and its partners in a Canadian LNG venture have rubbished suggestions that Exmar has beaten the company to a contract for a floating liquefaction unit.
Rieber stretches option Norwegian owner gets another three months to decide on second Kleven seismic ship.
Samsung wins drillship Korea's Samsung Heavy Industries clinched another drillship order on Monday.
Flex back in the game Oslo-listed Flex LNG has ended its legal battle with Samsung over cancelled gas carriers by ordering two new LNG vessels at the Korean yard.
Maersk fire worsens A fire aboard a Maersk Line containership south of the Suez Canal has spread to more containers, the shipowner said Monday.
Erik Borgen exits DNB Erik Borgen is leaving Norwegian shipping and energy bank DNB after 34 years to pursue other interests, it emerged Monday.
Egypt arrest trio Egyptian authorities have reportedly arrested three people in connection with an alleged attack on a containership on Saturday.
STX selling kamsarmax STX Pan Ocean, the distressed South Korean shipowner, is reported to have placed a rare geared kamsarmax on the sales block.
Nigeria 2, robbers 0 Nigeria's navy continues to shoot first and ask questions later in the battle against piracy off its coastline.
Prices soft in Fujairah Tight avails in Middle East hub.
Prices start the week soft in Europe Good demand in Hamburg.
Greek ferry companies better by half Cutting fuel and lubricant costs key to staying above the financial water line.
Product avails could tighten in Tokyo Bay Source says refinery will cut bunker production by some 50%.
Engine trouble forces LNG-fuelled cruise ferry back to port CEO hopes teething problems on the recently launched LNG single-fuel vessel are resolved after Sunday's incident.
Gibraltar official attacks Spanish proposals to limit bunkering Any attempt to fine Gibraltar-based bunker companies would amount to 'absolute bad faith'.
Russian bunkering rule change spreading confusion Vladivostok and Novrossiysk operations could be affected.
Asian bunker prices opens week lower Good avails reported across all key ports.
Containership newbuilds will be 'LNG ready' Converting vessels from fuel oil to LNG would 'take just a few weeks'.
Coupling system for LNG bunkering enters market ERC marine breakaway coupling system can also be used for LNG transfers and LNG bulk breaking, says engineering firm.
Fredriksen takes helm at DNVPS regional office New manager will focus on 2015 and raising awareness of the challenges surrounding the increasing use of distillate fuels.
DNV: LNG bunker barges 'the next shipping boom' Just under a hundred LNG bunkering barges could be needed by 2020.
Ust-Luga: Tanker left low on fuel New rule stipulating berth-only bunkering sees crude oil tanker go short.
Potential in marine gas conversion market, says Wartsila Due to the two key drivers of rising bunker fuel prices and emission reductions, says firm.
'Not surprising' for eco vessels to command premium Direct fuel cost savings enable owners to bid more competitively, says a Poten & Partners report.
Royal Canadian Navy support ship in collision Royal Canadian Navy vessels HMCS Algonquin and HMCS Protecteur collided Friday en route to Hawaii.
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