US approves more LNG exports Cameron LNG became the fifth American energy company to receive federal approval to export LNG to countries that do not have a free trade agreement with the US
US box imports hit soft patch US container imports will fall 8.4% year-on-year to 1.17M teu this month, a major US importer group has predicted
Danaos faces Zim fallout Danaos Corp has reported improved results for its latest quarter and detailed how the Zim restructuring will affect future charter revenues
US-listed equity offerings escalate NYSE-listed Navios Partners and NASDAQ-listed StealthGas have priced follow-on offerings of common equity to fund fleet growth
Diana jumps on preferred stock bandwagon NYSE-listed Diana Shipping is the latest vessel owner to offer perpetual preferred shares, as this financing trend continues to build
Vard wins second order in a week Singapore-listed Norwegian offshore vessel builder Vard Holdings said today it has won its second order in a week and the third so far this year
Stability seen for shipping market The maritime industry has experienced challenging times in recent years but analysts are optimistic that things are stabilising
Coastal Contracts wins jack-up contract Malaysian offshore vessels shipbuilder Coastal Contracts has clinched a contract to charter a self-elevated jack-up gas compression unit to Petroleos Mexicanos (Pemex)
Topaz Energy and Marine wins two PSV contracts Dubai-based oilfield services company Topaz Energy and Marine, which specialises in the Middle East and Caspian, said it has won a charter contract for two platform supply vessels
Drybulk recovery bodes well for Precious Shipping An expected recovery in the drybulk sector would benefit Thailand's biggest bulker owner Precious Shipping, said an analyst today
Portland Eyes Paying Carriers to Keep Calling The Port of Portland Commission on Feb. 12 will be asked to approve an agenda item that would result in a payment of up to $4 million to keep Hanjin Shipping Co., Hapag-Lloyd and other carriers calling at the port in 2014. If the commission approves this latest carrier incentive program,...
'Busy Season Ahead' for US Imports Containerized imports at U.S. ports are projected to drop to their lowest level of the year in February, but should rebound strongly in the ensuing months, according to the Global Port Tracker published by the National Retail Federation and Hackett Associates. "Ports and distribution centers are getting the break they deserve...
NY-NJ Port Drivers Threaten Protest Tomorrow Some owner-operator drayage drivers in the Port of New York and New Jersey say they plan to refuse assignments and park their trucks tomorrow to call attention to long turn times and other grievances. Independent drivers have been discussing a protest for weeks on Facebook's Port Driver site, where drivers share...
Home Depot Opens Georgia E-Commerce Fulfillment Center Home Depot's new distribution center in Locust Grove, Ga.ATLANTA - Home Depot yesterday opened the first of three new direct fulfillment centers designed to speed online orders to consumers through distribution channels across its supply chain. The 1.1 million square foot fulfillment center in Locust Grove, Ga., is dedicated to e-commerce,...
Weak Charter Market Weighs on Danaos Danaos, the Greek container ship owner, remained in the red in the fourth quarter of 2013, but swung to a profit for the full year from a loss in 2012. The NYSE-listed company narrowed its net loss in the three months to the end of December to $4.2 million from $116.6...
South European Container Ports - An Unlikely Success Story Amid the deluge of year-end statistics highlighting the yawning economic gap between the European Union's more solid northern member states and its debt-stricken southern half there's one that looks, at first glance, like a mistake - container traffic. But it isn't. While Europe's giant northern ports post declines, or at best...
Reinhart Takes the Reins at Port of Virginia John F. Reinhart, CEO and executive director of the Virginia Port Authority.John F. Reinhart has started his tenure as CEO and executive director of the Virginia Port Authority. Reinhart will oversee the Port of Virginia, including the completion and implementation of its restructuring effort, and will also be responsible for the...
Carlile Transportation, a TOTE Logistics company, has names Larry Felix VP of Business Development ANCHORAGE, AK - FEBRUARY 10th, 2014 - Carlile Transportation Systems, Inc., a TOTE Logistics company, has named Larry Felix as their new Vice President of Business Development. Larry will provide leadership over commercial development in Alaska and throughout the Lower 48. Larry joins Carlile from Oak Harbor Freight Lines, Inc., out of...
Protect and Defend Forget the economy, there's a new threat to growth in global trade and to the manufacturers that produce it, the retailers that import it and the carriers that move it. That protectionism isn't a recent phenomenon - it's existed for as long as trade across borders has - isn't the point....
E-Commerce Drives Industrial Real Estate Boom Shippers are expected to make bolder moves in recalibrating their supply chains' real estate footprint this year, even if many traditional retailers are still determining how to take advantage of the e-commerce rush. "I'm the most bullish I've been in eight or nine years, and I'm generally pretty risk-averse," said Blaine...
DB Schenker Launches Asia Trucking Service DB Schenker, the global logistics group, announced the launch of a pan-Asian trucking service to compete with slower sea transport and more costly air freight. The "Asia Landbridge" offers shippers "trouble-free and smooth" overland transport between 23 stations in key cities and border regions across the continent, the German company said. The...
FedEx Trade Networks Names Muhs President, CEO James R. "Jack" Muhs, FedEx Trade Networks' new president and CEO.FedEx Trade Networks has appointed James R. "Jack" Muhs as its new president and CEO. In his new position, Muhs is responsible for the leadership and strategic direction of the freight forwarding division of FedEx, including the company's global operations and...
Petrobras picks Helix Helix Energy Solutions of the US has secured a contract to provide well intervention services offshore Brazil for Petrobras.
PRGN joins cash dash Greek bulker owner Paragon Shipping has joined the race to tap the capital markets for the cash it needs to fund fleet expansion.
'Wait and see' Danaos may sell more of its containerships for demolition before year-end, the Greek operator's finance chief told investors Tuesday.
NGM nets cape fixture NGM Energy of Greece has secured employment for one of its capesize bulkers.
Swiber eyes bigger yard Swiber Holdings is set to expand its Singapore ship repair and conversion yard after securing access to a piece of adjacent land.
SCF eyes Sochi Russian shipping group Sovcomflot is plotting a foray into the cruise market.
MPA gets serious The Maritime and Port Authority of Singapore (MPA) is meeting shipping industry players after launching a probe into recent accidents in its waters.
NNA falls to red Navios Maritime Acquisition Corporation (NNA) was pulled into the red due to one-off items in the final quarter of 2013.
NMP aims for $100m Greece's Navios Maritime Partners is aiming to raise $101m from a stock sale to fund fleet expansion.
Siderfly scrapped The Estonian cargoship that blocked the Kiel Canal after a collision last year is to be scrapped in Denmark.
Condor grounded Channel Islands operator Condor Ferries has been hit by strike action by French crew.
GSI seals yard takeover Guangzhou Shipyard International (GSI) has completed the long-awaited takeover of Longxue Shipyard.
StealthGas succeeds Nasdaq-listed StealthGas has raised $33m from a share sale after pulling a previous offering in December.
ASL bags $75m sextet ASL Marine Holdings has landed contracts to build six offshore support vessels worth a shade over $75m in total.
Cocaine found on cape Colombian navy officers have found $6.6m of drugs hidden in three suitcases on a US bulker bound for the UK.
Diana targets $60m Diana Shipping is looking to raise around $60m from its upcoming raid on the capital markets.
Containing the floods? Shipping containers on beaches are usually bad news - the result of boxships going aground or being sent overboard by big waves.
Bohai buying Voyager China's Bohai Ferry is launching its Hong Kong cruise venture with a cruiseship acquired from Costa Cruises.
HSH facing big loss HSH Nordbank is likely to log a loss of more than EUR 100m ($136.67m) for 2013.
Vard wins again Vard has clinched a follow up order from Carlotta Offshore for a newbuilding at its Vietnam yard.
Solstad sells two Solstad Offshore has become the second major Norwegian offshore owner to offload an ageing vessel.
Grindrod looking up South African shipowner Grindrod expects 2013 profit to rise between 35% and 45%.
Star seals new order Malaysia's Star Cruises is returning to Meyer Werft in Germany for another huge cruiseship.
Pella wins Sietas race St Petersburg shipbuilder Pella has sealed the takeover of bankrupt German shipyard Sietas in Hamburg.
Navios joins VL8 Pool Navios Maritime Acquisition Corp is the latest shipowner to participate in Navig8's growing VL8 Pool.
Varun ship nabbed again A Varun Shipping aframax tanker has been arrested in Singapore for the third time in less than two years.
Danaos takes Zim hit Danaos Corp has been forced to make an impairment charge as part of the restructuring of Zim Integrated Shipping Services.
Restis refutes allegations Enterprises Shipping & Trading (EST) appears to be moving forward with a crusade to silence United Against Nuclear Iran (UANI), an advocacy group that has accused the Greek shipowner and its chairman, Victor Restis, of engaging in illicit dealings with Iran.
Red ink at Danaos Danaos Corp, the US-listed Greek containership lessor, has reported a loss of $4.2m, or 4 US cents per share, for the fourth quarter.
Crew funding boost Singapore is pumping another SGD 22m ($17.5m) into the training of more officers for Singapore-flagged vessels.
Navios turns on the tap Greek bulker owner Navios Maritime Partners has lined up a trip to the capital markets where it intends to raise cash that may be used to fund fleet expansion.
Rickmers teams with NSA Rickmers-Linie (America) has forged an alliance with a fledgling US carrier that operates a link between Puerto Rico and Houston, Texas.
Commentary: Scheme for Louisiana transshipment port just won't fly "Build it and they will come" is not a viable strategy for container terminals. Investors are unlikely to make loans on the assumption that a good idea for a cargo hub will attract enough business to provide a return on investment.
Danaos takes $19 million charge related to Zim restructuring Athens-based Danaos, whose stock is traded on the New York Stock Exchange, said it had a loss in the fourth quarter of 2013 of $4.2 million compared to a loss of $116.5 million the same 2012 period.
National Shipping, Rickmers partner in Puerto Rico trade National Shipping of America, which operates a fortnightly service between Houston, Port Everglades, and Puerto Rico, is partnering with Rickmers-Linie (America) to expand breakbulk service to Puerto Rico.
Maersk returns 14 ships
UPS expands in UK with purchase of Polar Speed
Sixteen states set 2013 export records Twenty six states experienced export growth in 2013, with 16 of them setting new sale records, according to the Commerce Department. Total exports reached $2.3 trillion in 2013.
Washington Notebook: FMCSA shelves two truck drivers for safety hazard
ICAO, Singapore agree to partner in aviation training
UTi Worldwide consolidates in new facility
WTO asked to help settle U.S.-India solar cell trade dispute
Old Dominion relocates NY service center
One third of sailings skipped at start of Chinese New Year
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