Eagle Bulk hires restructuring advisor Distressed operator seeks to cut its debts
Van der Noordaa resigns from DNV GL Group New maritime president and chief operating officer will be named later this week
China's scrapping subsidies still favour shipyards over shipowners Cash-for-clunkers plan is trying to kill too many birds with one stone, say critics
Iran return to oil market poses no immediate threat to shipping, says US At least six months before any impact
South Korean firms to build 880MW floating power plant Siemens teams up with HHI and others to build power generators on FSRU
Kallas backs P3 tie-up Vessel sharing alliance is good for global trade, says European Commission vice-president
China shippers urge Beijing to block P3 Tie-up of world's three largest lines will push up rates and surcharges, says CSA
Niger Delta piracy falls Activity levels have nearly halved in the second half of 2013, says Bergen
Great Eastern books three kamsarmax bulkers Indian carrier orders 82,000 dwt vessels at Yangzijiang Shipbuilding
VLGC spot rates dip following strong summer run for owners But medium to long-term prospects for LPG carriers remain bright
US box imports poised to show 2.3% increase for 2013 Improved volumes are down to increases in inventory levels, says Hackett
Korea Line orders four bulkers Carrier books newbuildings after emerging from receivership
StealthGas plots new share offering Fundraiser could scoop more than $110m to back LPG owner's growth
Moody's warns on German bank shipping exposure Industry could push some institutions into loss
Good news for LNG shipping as BG raises Tanzania gas reserve estimate Offshore gasfields will support a two-train export project
Japanese and South Korean yards to build first methanol-fuelled tankers MR vessels on charter to Waterfront Shipping cost 10%-20% more than conventional ones
Paragon cancels containership but orders two ultramaxes No cost incurred to drop one of two boxships ordered at Zhejiang Ouhua
Three Gorges Dam to hit throughput record The world's largest shiplock, the Three Gorges Dam in China, is expected to witness a record high of throughput this year, by hitting 100.06M tonnes as of December 7
Golar LNG prices follow-on offering John Fredriksen-linked Golar LNG Partners and Golar LNG Ltd have priced share sales to fund expansion
More M&A for Hapag on the horizon? The chief executive officer of Hapag-Lloyd, Michael Behrendt, has raised expectations of more merger and acquisition activity by the German container line beyond a potential deal with Chile's CSAV
L&T Shipbuilding bags $154M orders L&T Shipbuilding, a subsidiary of Mumbai-based engineering major Larsen & Toubro (L&T), has bagged orders for six specialised offshore vessels
Korea Line resumes newbuilding orders KOREA Line Corporation has resumed newbuilding orders, just a month after exiting receivership
Operations Return to Normal at Nhava Sheva The movement of ocean containers to and from India's Port of Jawaharlal Nehru (Nhava Sheva) has returned to normalcy after nearly two months of operational disruptions that prompted carriers to impose congestion surcharges and skip scheduled ship calls at the country's largest box gateway. "In view of container terminal operations normalizing...
Expanding Alliances to Bring More Big Ships to US Ports The biggest container ship to call the Port of Charleston was the 9,640-TEU Maersk Altair. Maersk Line photo.The advent of the P3 Network and the likely expansion of other mega-alliances among the top 20 container lines mean that vessels with capacities of 8,000 to 10,000 20-foot-equivalent units will become the...
SCI's River Bell Awards for 2013 Not enough land-dwellers understand the round-the-clock work that gets gasoline to the pump and grains grown in the Midwest to feed people in South America. Although vital to American commerce, the country's inland river transportation system seldom receives the attention it deserves. With the goal of uncovering the industry's yearly...
Welch to Make Case for YRC's Future James Welch has his work cut out for him. Over the next month, the CEO of YRC Worldwide and president of YRC Freight must convince 26,000 Teamsters to extend wage and benefits cuts they agreed to in 2010 another four years. Welch also needs to get them on board with...
What's In YRC's Contract Proposal YRC Worldwide is seeking more than an extension of current concessions in its proposal to Teamster employees. The trucking operator wants greater flexibility to compete in a less-than-truckload market now even more dominated by non-union competitors FedEx Freight, Con-way Freight and Old Dominion Freight Line, which is fast expanding its...
2014's Choppy Seas Last month, I wrote that we had to look backward before we could look ahead, and I reviewed some issues that came into play this year that likely would have an impact on 2014. I've had four weeks to think about 2014 and gather more data, and believe I have...
Manitoulin Transport Buys Canada's Vitran Canadian trucking operator Manitoulin Transport will acquire Toronto-based less-than-truckload company Vitran for $128 million, including $29 million in debt, the companies said Dec. 9. Manitoulin Transport emerges the victor in a struggle for Vitran that involved transportation giant TransForce and Clarke Transport, which itself was acquired by TransForce in late October. The...
NRF Sees 2.3 Percent US Import Growth for Year Import volume at the nation's major retail container ports is expected to post year-over-year increases of 1.8 percent for December and 2.3 percent for the year, according to the monthly Global Port Tracker report produced by the National Retail Federation and Hackett Associates. The forecasts for the month and year reaffirmed...
"Expensive and complicated" China's new scrapping subsidy has received a damp reception in the market.
Marenave replaces Konig Former J Lauritzen executive Ole Daus-Petersen is the new boss of German shipowner Marenave.
Looking brighter for trio Nordic lenders Nordea, Danske Bank and DNB have been tipped to be the major beneficiaries of an improvement in the shipping markets.
Bahri pens $100m deal Saudi Arabia's Bahri has extended a contract with the Middle Eastern country's ministry of defense.
Cargoship needed a tow A Seaworks cargoship has been brought into port in Norway after losing power.
Croatians order quartet Bulker boom continues as Croatia's Uljanik and Jadroplov team up for 3 Maj newbuildings.
Logindo wraps up IPO Logindo has completed its IPO on the Indonesian Stock Exchange.
KDB stake grows Korea Development Bank (KDB) has been confirmed as the largest shareholder in the restructured bulker owner Pan Ocean.
No eco envy for Hansson Herbjorn Hansson today delivered a broadside to rivals signing eco newbuilding orders as the Nordic American Tanker's boss raised hopes of a recovery in the market.
Bergen sells again Bergen Group's restructuring continues apace with the sale of its base in northern Norway.
Stena ship brought in A Stena ro-pax is heading to New Zealand to replace the damage Aratere ferry.
Wang plots new port Chinese billionaire Wang Jing is planning a new $10bn port in Ukraine.
Bad loans to rise Germany's leading shipping banks are set for more difficulties next year as they face significant asset quality challenges, Moody's says.
Halul back at L&T India's L&T Shipbuilding has secured a follow up order for offshore support vessels from a Middle East owner.
Hanjin cutting staff Loss-making Korean owner Hanjin Shipping wants to reduce staff numbers at its head office.
Clipper confirms sale Clipper has confirmed the sale of another chemical tanker as it continues a withdrawal from the market.
Becker claims LNG first Becker Marine Systems has awarded a contract to a Slovakian yard for what it says is the world's first hybrid barge.
Deutsche lifts DSME view Anticipation of stronger earnings and a slimming of provisions have led Deutsche Bank to place a buy rating on DSME.
KLC goes large Korea Line's return to the newbuilding arena is larger than the market anticipated.
Polaris powers up Korea's Polaris Shipping is ordering the world's first combined LNG floating storage and regasification (FSRU) mobile power ship at Hyundai Heavy Industries.
Seaspan eyes ro-paxes Canada's Seaspan Shipyards is hoping to beat off international competition to win a new three-ship order from domestic owner BC Ferries.
Three more for Great Eastern India's Great Eastern Shipping has continued its fleet renewal with an order for three kamsarmaxes in China.
Prosafe in the money Prosafe has tied up two charter deals in less than a week in a move that boosts its order backlog by close to $250m.
GASS plans fund raiser StealthGas has embarked on another round of fund raising with a public offering of 10m shares.
Bao-Island bags cape duo China's Qingdao Beihai Shipbuilding Heavy Industry has won an order for capesize bulkers from Bao-Island Enterprises.
Vetting costs slammed Intertanko has hit out at oil majors over tanker vetting inspections saying the cost of the process is close to 'running out of control'.
Double attack off Yemen Pirates attacked two ships off the coast of Yemen on Monday in a stark reminder of the dangers that still persist in the Gulf of Aden.
PRGN culls one, adds two Paragon Shipping has cancelled one of two 4,800-teu containership newbuildings on order in China.
Intertanko concerned about inspection costs Intertanko said, "Vetting inspections of tankers by oil companies are proliferating in frequency, rising steadily in cost and, at an estimated $300 million a year, are well on the way to running out of control."
ATA calls some CSA safety data 'unreliable'
IAG Cargo expands cargo routes
Retail imports projected to grow "Imports have seen good growth over the last year, and retailers are well-stocked as the holiday season continues," stated the National Retail Federation's Jonathan Gold. "Holiday merchandise has made it from the ships to the shelves."
Airports see October cargo gains
Invengo, Round Rock to resolve patent dispute
GPA achieves strong November gains The Georgia Ports Authority achieved significant gains in November, with a 6.6-percent increase in TEU for the month and a 7.3-percent increase in total tonnage across all terminals.
CN to serve new frac sand producer
Port of Montreal welcomes its largest tanker
Old Dominion relocates Florida service center
Steel exports decline in September
APHIS rates risk of fruit's entry from Puerto Rico The APHIS Center for Plant Health Science and Technology said it has completed an analysis of any potential pest risks and has posted a draft document for interested parties to review and comment within 30 days.
Washington Notebook: Pacific Rim trade talks bog down
Firm urges shipping industry to reduce emissions Going green will save costs and reduce global emissions, says firm.
Singapore seeks industry input on LNG procedures IBIA has been asked to prepare its comments by January deadline.
IFO prices soften in Fujairah Suez market firm.
Prices head down in the Mediterranean Good demand in Hamburg.
Russian major expands bunker operations in Romania Lukoil-Bulgaria Bunker given license to supply in another Black Sea port.
ECA regulations will impact 'entire transport sector' 'We need to take an honest look at the likely pressures on shipping, road and rail transport', says ferry operator.
Asian bunker markets soft Avails remain 'very tight' in Tokyo Bay.
New player in Singapore bunker market Raffles Bunkering joins list of MPA's accredited bunker suppliers.
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