Baltic Trading exercises Ultramax options NYSE-listed Baltic Trading has exercised options for two additional fuel-efficient Ultramax newbuilds as it continues to grow its fleet
Wärtsilä's shares rise over Rolls-Royce offer The share price of Finland's engine maker soared more than 11% yesterday when it became public that Britain's Rolls-Royce had made an offer to buy Wärtsilä
GasLog green-lights MLP IPO NYSE-listed GasLog is moving ahead with plans to spin off a portion of its fleet into a separately listed master limited partnership (MLP)
OSG streamlines international operations Bankrupt Overseas Shipholding Group plans to outsource technical management of its international-flag tanker fleet to V.Ships and to heighten its focus on pooling
Container shipping volumes fell 4.7% in November The volume of seaborne container trade fell by 4.72% to 10.38M teu in November from the previous month, figures gathered by UK-based consultancy Container Trades Statistics (CTS) reveal
Transfennica steps up capacity European shortsea carrier Transfennica is expanding its north European continent/Iberia con-ro service following significant volume gains last year
BW Offshore wins FPSO Polvo contract extension BW Offshore, the Oslo-listed unit in the Singapore-based BW Group, has signed an agreement with HRT Participações em Petróleo (HRT), the Brazilian oil company, for a one-year extension to the lease and operation of the FPSO Polvo
Insurers fear Concordia's final voyage Two years after the Costa Concordia made its fateful journey, the question of where the vessel should be broken up has yet to be decided
Bullishness pervades shipbreaking markets Shipbreaking markets turned bullish last week amid a stabilising political situation in Bangladesh, rising steel prices, a dearth of available ships and the upcoming Lunar New Year
When there's smoke... A long-range-one (LR1) products tanker controlled by Enterprises Shipping & Trading of Greece has landed on the US Coast Guard's (USCG's) latest list of port detentions.
Prime pounces Sale-and-purchase brokers have tipped Prime Marine Management as the buyer of two long-range-one products tankers that are among the first to change hands in 2014.
Augustea tied to buy Augustea Atlantica appears to be picking up the pace of a campaign to expand its fleet of bulkers.
Cashing in on the crash Deutsche Bank is urging investors to accumulate shares of well capitalised companies with exposure to the dry-bulk market on the back of a sell-off fuelled by the seasonal dip in freight rates.
Capes crash again Capesize rates tumbled for a second successive session today with over one fifth being shaved off quoted earnings.
Dof Subsea bags more Norway's Dof Subsea has clinched fresh contracts worth around NOK 150m ($24.5m).
Bulker held over pay A German bulker spent 24 days under detention in Canada over crew wages.
TOO eyes more bonds Teekay Offshore Partners (TOO) has launched yet another fundraiser on the Norwegian bond market.
Costamare chasing cash Costamare has unveiled plans for its second preferred stock issue in under 12 months at the same time as confirming a huge containership order to meet a contract with Evergreen.
Scorpio gets Active Scorpio Tankers has expanded its chartered LR2 fleet with the addition of an Active Shipping vessel, brokers say.
OSG brings in V.Ships Restructuring owner Overseas Shipholding Group (OSG) is handing its international fleet over to V.Ships for technical management.
Nakilat starts engine upgrade Qatari shipowner Nakilat and its Q-ship LNG charterers Qatargas and Rasgas have finally opted to go ahead with a long mooted engine modification that will allow one of their Q-Max vessels to burn LNG as an alternative to heavy fuel oil.
BALT pulls the trigger Baltic Trading has taken its recent spending on new tonnage past the $250m mark after exercising options for a pair of ultramax newbuildings in China.
ASR sale scrapped Belgium's court of appeal has torn up a deal that saw a consortium take over Antwerp Ship Repair (ASR) last year.
ODC thinks big Oman Drydock Company (ODC) has called 2013 its "strongest year" since beginning operations in Duqm in 2011.
BW in bond buy-back Singapore-based BW Group is offering a premium to some bondholders who agree to early redemption.
Dead cow mystery solved? A Lebanese livestock carrier has been accused of dumping dead cattle at sea after corpses started washing up on Danish and Swedish beaches.
GasLog sets MLP rolling GasLog is ready to spin-off a master limited partnership (MLP) vehicle more than a year after the plan first came to light.
Tanker loses power The Irish coast guard has begun an operation to assist a Hellespont tanker after it lost power off the west coast on Sunday.
Precious scraps oldie Khalid Hashim has continued fleet renewal efforts at Precious Shipping with the disposal of its oldest vessel.
Hercules hits Maersk boxship A Maersk vessel lost 33 containers during a run-in with winter storm Hercules last week.
Later but cheaper Icelandic line Eimskip has suffered a further delay to a Chinese boxship newbuilding, but has knocked the price down again.
More for Pipavav India's Pipavav Defence and Offshore Engineering has clinched another government contract for a coast guard vessel.
VLCC scrapping spikes A jump in the disposal of VLCCs have taken crude tanker scrapping to a 10-year high.
Hanjin seeks bond backing Hanjin Shipping looks set to become the second Korean shipowner to apply for a government-backed scheme to refinance debt.
Coscol back in black Chinese owner Cosco Shipping Co (Coscol) has made a return to profit for 2013, despite a fall in revenue.
Goldman set to sell Goldman Sachs has registered to sell a $56.37m slice of Teekay Offshore Partners.
HRT extends BWO deal BW Offshore has secured a contract extension for one of its FPSOs.
Western Marine adds ferry Bangladesh's Western Marine has clinched a New Zealand government contract for a new ferry, angering domestic yards.
Evergreen takes 10 more Evergreen has continued its expansion effort with the charter of 10 more large containerships.
Kouan wins duo Chinese owner Guangdong Shuangtai has returned to its favourite shipyard for two more ro-pax newbuildings.
Bulker crewman hurt A US Coast Guard (USCG) aircrew has taken an injured Star Bulk Carriers crewman from a vessel off Washington.
Indo export ban in place An Indonesian law banning the export of unprocessed minerals, specifically nickel ore and bauxite, took effect Sunday.
Swiber set to vote Swiber Holdings has called an EGM for shareholders to vote on the proposed disposal of its stake in Kreuz Holdings.
Collision in Channel Two ships collided in the English Channel early on Saturday morning, but fortunately there were no casualties.
VTG confirms order cull Vantage Drilling has confirmed that Sigma Drilling has terminated a drillship newbuilding contract at STX Offshore & Shipbuilding.
Freight shipments up 1.2% from October to November
Employees vote to ratify UPS Freight contract Nearly 70 percent of Teamsters came out to cast the in-person vote over the weekend, according to the International Brotherhood of Teamsters. The new master agreement covers 13,000 UPS Freight employees.
G6 cancels some Asia-Europe sailings Members of the G6 Alliance today announced the cancellation of two Asia-Europe sailings in response to seasonal changes in market demand.
Evergreen will charter 10 14,000-TEU ships The Taiwanese carrier said it had signed charter agreements with both Costamare and Shoei Kisen Kaisha for each to provide, on charter, five 14,000-TEU containerships to be delivered during 2016 and 2017, respectively.
Leung named Hong Kong commissioner for U.S. trade
Qatar Airways expands cold-chain capabilities
International airports see November freight growth The growth in freight traffic was primarily fueled by the international market, up by 5.4 percent in November, while the domestic market remained sluggish at -1 percent, according to Airports Council International.
Europe-wide bank freeze rule could benefit shipping firms
Man engines will power Crowley's Puerto Rico ships
Menlo's 'Pick to Light Carts' improve order productivity
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