Standard & Poor's raises Zim default concerns Israeli division of ratings agency downgrades carrier
Shipping is back with a bang Euronav and Scorpio deals point to an exciting year ahead
Italian builder sets out its terms to resolve Panama Canal cost row Salini Impregilo says seeking arbitration would cause costly project delays
Panama Canal expansion could be delayed three years, claims contractor Italian member of building consortium in $1.6bn dispute lambasts ACP
First Commercial Bank completes sales of TMT-linked bad loans Taiwanese lender has sold non-performing loans totalling $177m in several deals
Seaman Guard Ohio crew to remain in custody Indian judge rejects conditional bail for 35 crew imprisoned since October 18
Samsung Heavy Industries signs a deal to build giant boxships Unnamed European owner orders five 14,000 teu ships for $116m apiece
Japan antitrust authority to fine at least three major car carrier firms K Line, NYK and Wallenius Wilhelmsen Logistics receive preliminary rulings
Deilmann changes hands in private equity deal Callista now controls the iconic Deutschland cruiseship
DP World Fremantle wins right to appeal in worker 'go-slow' case Maritime Union of Australia denies that its members carried out covert industrial action
Nanjing Tanker says Shanghai delisting is unavoidable State-owned giant expects to post a 'significant' annual loss
P&I reinsurance rates rise across all vessel classes Passengerships see a 20% increase that supplements last year's 125% hike
Danaos searches for a yard to repair 10,100 teu Hanjin Italy Boxship damaged in collision with LNG carrier is at anchorage off Singapore
DHT orders a third very large crude carrier New York-listed tanker owner exercises option at Hyundai Heavy Industries
APL reshuffles management team Box carrier rebuilds organisational structure to focus on function rather than regions
Contractor scoffs at canal's 'Plan B' If the original construction consortium is removed from the project, the expanded Panama Canal won't open until at least 2018, predicted Salini Impregilo CEO Pietro Salini
Reefer shipping switches to containers The demise of the specialised reefer fleet is set to continue over the coming years despite an uplift in vessel earnings last year, according to Dutch shipping consultancy Dynamar
EC tonnage tax ruling 'will impact EU cluster' Any action by the European Commission on Malta's tonnage tax regime would have an impact on the whole European maritime cluster, the flag's registrar general Ivan Sammut told IHS Maritime yesterday
SHI wins five box ships Samsung Heavy Industries said today that it has won an order for five container ships
Changhang Phoenix loses legal battle Changhang Phoenix, the Chinese bulker operator and owner facing prospect of bankruptcy restructuring, lost a suit to a compatriot bank over $46.8M in loans
Nanjing Tanker expects delisting Nanjing Tanker, the tanker operating unit of Sinotrans&CSC, today warned that it would be de-listed from the Shanghai Stock Exchange later in 2014 due to a fourth straight annual loss in 2013
Tug culprit in Newcastle spill Clean-up after an oil spill in Newcastle, Australia, has been contained with the source of the spill now traced to a local tugboat
MOL enhances intra-Asia services MOL Liner has announced new rotation of "HS3" and new Japan-Strait service "HS4" for its intra-Asia service network
Indonesia detains over 20 Chinese ships Over 20 Chinese ships were detained at port by Indonesian authorities, China's largest maritime social website Ship.sh told Fairplay today
China marine equipment exports fell in Jan-Nov 2013 China's marine equipment exports decreased 6.4% year on year to $2.5Bn in the first 11 months in 2013, paring falls since early last year, the according to a monthly customs report
Indonesian Defence chief agrees to boat returns Chief of Indonesia's National Armed Forces, General Moeldoko yesterday announced he had agreed with his Australian counterpart Defence Force chief David Hurley turning back two boatloads of migrants attempting to reach Australia in recent weeks
Ross ranks 'Viking Raid' A new novel written by a notable member of Connecticut's shipping cluster has secured an endorsement from one of the industry's brightest stars.
Altor confirms IPO plan OW Bunker's private equity owner has confirmed plans are afoot to list the company.
Shapiro: Support US flag Shipowner Philip Shapiro has called on the government to provide more support to the US-flag fleet to ensure the country's sealift capacity in times of military need.
Storms strike Mols-Linien Fallout from festive storms has led Danish owner Mols-Linien to deepen its full-year loss projections.
Years of delay threatened An Italian executive whose construction firm is helping build the Panama Canal's new locks said delays could last years as a result of an ongoing dispute.
Capricorn seeks trio Capricorn Oil is looking to fix three anchor-handlers for summer work off Ireland, potentially boosting spot rates.
Navios newbuilding fixed Navios Maritime Partners has set its newest arrival to work on a two-year contract.
Mermaid makes a splash Thoresen Thai-controlled Mermaid Maritime has confirmed a move for a dive support vessel (DSV) and a pair of tender rigs in a deal worth $436m.
No shock at ore ban A Colombian crackdown on coal loading is causing concern in the dry cargo market as brokers hope there is no re-run of events seen a year ago.
Bourgas plots IPO Bulgaria's Bourgas Shipyards may conduct an IPO as it seeks to relaunch its operations.
Legatum trims STNG stake Legatum Capital has again reduced its holding in Wall Street heavyweight Scorpio Tankers.
ESL bulks up Finland's ESL Shipping has taken full control of an ice-class bulker previously jointly owned with Donsoshipping of Sweden.
Dung admits bribes Ex-Vinalines chairman Duong Chi Dung has admitted paying bribes to try to avoid prosecution for fraud.
Bigger than banks Today's global fleet is worth $659.607bn which makes the industry worth two thirds more than the world's largest public company ICBC.
Trio braced for fines Japan's Fair Trade Commission (JFTC) is preparing to dish out fines to car carrier operators including two of the country's big three shipowners for breach of antitrust rules.
Tanker attack thwarted The Iranian navy has said its ships have foiled a major pirate attack on a domestic tanker in the Indian Ocean.
Collision clip appears A short clip claiming to show the tracks of the LNG carrier and containership involved in a collision off Singapore last week has appeared on YouTube.
Triyards branches out Singapore's Triyards has clinched work on two cruiseships as it diversifies from offshore and oil and gas projects.
Apollo backs Rokke US private equity heavyweight Apollo Management has thrown its weight behind Kristian Rokke's Aker Philadelphia Shipyard.
Callista buys Deilmann Munich-based Callista Group is eyeing growth for cruise operator Peter Deilmann after taking over the company.
Five more for Samsung Samsung Heavy Industries has clinched its second huge order for large containerships in the space of two months.
Shipping fears over ore Public meetings have begun over a Canadian iron ore shipping plan which some residents fear could result in accidents.
New dawn for Bourgas? Bulgarian shipyard Bourgas is to relaunch under the name Barabel, with sacked workers offered a return.
Wartsila spurns Rolls Royce Rolls Royce has confirmed that it has approached Wartsila about a potential takeover deal, but the talks came to nothing.
Kristina sells up Bankrupt Finnish operator Kristina Cruises has sold its only ship and sacked 147 workers.
PSA volumes inch up Singapore's PSA International handled over 61.8mteu at its terminal facilities around the world last year.
EPD to expand Houston Enterprise Products Partners (EPD) has unveiled a second expansion of its LPG export terminal on the Houston Ship Channel.
APL plots overhaul APL appears to have joined the growing list of carriers that have recognised the importance of adapting to the changing needs of today's market.
Air cargo shows slight growth in November According to IATA, the strongest performing region was the Middle East, where carriers reported a 16.5-percent improvement. In addition, Asia-Pacific carriers, who account for some 40 percent of the market, reported 4.9-percent growth.
Omnitek: Diesel-to-natural gas conversions on the rise
ACP, contractors still far apart over Canal costs Grupo Unidos por el Canal (GUPC), which is led by Spanish construction firm Sacyr, issued a statement early Wednesday saying it would provide $100 million to keep construction going if the ACP advances it $400 million.
LaHood named co-chair of BAF
UPS expands Canadian healthcare campus
ATA: Lawmakers need to improve highway safety
AirBridgeCargo takes delivery of Boeing freighter
TNT Express wins contract with Gibson
Gold Star Line ends Australia service
Port CEOs make football wager
Executive moves
El Salvador Customs faces growing pains with new inspection system Glitches with a new computer system used by the Central American country's customs to process trade and confusion surrounding new vehicle and cargo X-ray machines deployed at land border checkpoints is causing delays in imports and exports.
APL to reorganize along 'functional' lines
Wallenius Wilhelmsen hit with cease and desist order The carrier said Thursday it has received a draft cease and desist order and a draft surcharge order from the Japanese Fair Trade Commission indicating it, as one of several companies in the ro/ro industry, has been involved in unfair trade practices.
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