Stena Bulk takes back operation and management for LNG carriers Firm delegated responsibility to a spin-off company but has reconsidered that approach
OSG will save $30m a year from cutting its international workforce Bankruptcy court will rule next month on proposed outsourcing to V.Ships
MacAndrews gains a stake in Bilbao logistics firm Acquisition makes CMA CGM shortsea player the dominant shareholder
Aframaxes and suezmaxes are in the money Smaller tankers make remarkable earnings as daily rates slip for very large crude carriers
Lunde takes ship management job Banker stays busy after stepping down at DVB
Containerisation International moves offices Leading box shipping publication is off to a new City of London base
US west coast ports prepare for ILWU negotiations Suez replaces Panama Canal as threat to Los Angeles and Long Beach container traffic
Maersk, APL and OOCL announce new Asia-India tie-up Carriers to deploy a total of 18 vessels on three services, with an average weekly capacity of 17,500 teu
Euronav equity issue raises $50m Money will support the takeover of Maersk's VLCC fleet
Maritime Maisie salvors still battling fire as refuge requests go unanswered Japan coastguard turns away chemical tanker ablaze since a collision two weeks ago
MOL to sell 49% of its US terminal assets Talks under way with Canada-based Brookfield Asset Management
December record Chinese oil imports give VLCC owners cause for cheer But January daily earnings fall as the country's imports slow
Woodside agrees Pluto LNG supply deal with Japan First shipment leaves Australia in April under three-year contract with Chubu Electric
HMM will sell all its Shinhan Financial Group shares Debt-laden South Korean carrier plans new disposal to boost cashflows
Chan announces Teekay Tankers retirement Chief executive steps down this summer after 18 years with the company
Brussels lifts its ban on shipping Iranian oil Six-month suspension starts next week as Tehran curbs its nuclear programme
Nordea drops Eitzen Chemical loans Agent bank offloads one of three credit facilities
Diamond S settles OSG claims Wilbur Ross-linked Diamond S has agreed to sharply reduce its charter-rejection claims against bankrupt Overseas Shipholding Group
Chan to exit Teekay Tankers NYSE-listed Teekay Tankers has announced the resignation of chief executive officer Bruce Chan, effective 20 June
OSG to lay off 210 employees Bankrupt Overseas Shipholding Group plans to lay off almost all of the shore-side staff in its international tanker division
Brittany Ferries orders LNG vessel French English Channel ferry operator Brittany Ferries has placed an order worth a reported €270 million ($369M) with STX France for the construction of a new vessel powered by liquefied natural gas (LNG)
APL, Maersk and OOCL to co-operate on services APL, Maersk and OOCL will team to provide three weekly sailings on three existing Far East-Indian subcontinent services, starting in February
Moody's says BW Group's bond buy back is credit positive Moody's Investors Service, the US-based credit ratings agency, said that the BW Group tender offer on its $500M senior secured bond is credit positive
HMM to sell stake in Shinhan Financial Group South Korean carrier Hyundai Merchant Marine said today it would sell 2,084,344 shares it holds in compatriot banking group Shinhan Financial Group
BW Group starts to buy back notes due in 2017 BW Group, the diversified Singapore-based shipping and offshore services group, said it had commenced buying back an issue of notes that carry a 6.625% coupon and that are due to mature in 2017
Detained Chinese vessels left Indonesia before ban Chinese vessels detained at South East Sulawesi Province, Indonesia, left the port before 12 January, the due date of Indonesia's ban on raw ore export, according to China's largest maritime social website
Chubu to buy gas from Woodside LNG Woodside Petroleum today announced it had signed a sales and purchase agreement with Japan's Chubu Electric Power Co.
MOL Australia awards GAC three-year contract Gulf Agency Company (GAC) Australia, announced it has signed off on an exclusive three-year contract to provide Mitsui OSK Line (MOL) port and ship agency services across Australia
New head of shipping named at Deutsche Bank Deutsche Bank has closed the leadership gap in its ship finance division following the departure of Ralf Bedranowsky in mid-2013r
Ferry passengers still stranded in Philippines A total of 167 passengers and 12 vessels remain stranded at Philippine ports today due to rough seas caused by a low pressure area off the southern part of the country
G6 Alliance cancels two more Asia-Europe loops The G6 Alliance has cancelled two Asia-Europe sailings in response to seasonal changes in market demand
LPG steals the spotlight A leading equity analyst has initiated research coverage of four publicly-traded operators that are poised to cash in on what he believes to be one of shipping's hottest sectors.
All eyes on Indonesia Indonesian naval forces appear to be intensifying patrols in response to a ban on the export of unprocessed minerals.
OSG plots demo deal Overseas Shipholding Group (OSG) is looking to offload one of its oldest aframax tankers.
Berge Bulk goes Greek Berge Bulk of Singapore has signed a one-year contract for a Greek-owned capesize bulker, brokers say.
Marad boss clears hurdle A US Senate panel has given its nod to the nomination of Chip Jaenichen to lead the US Maritime Administration (Marad) on a permanent basis.
Crewboat trio rescued Three crewmen managed to escape from a windfarm support vessel before it sank in flames in the North Sea.
Rem board revolts Rem Offshore directors have failed to back a potential $37m offer for its remaining shares by CEO and owner Age Remoy over price.
Iranian sanctions easing The European Union is to suspend Iranian sanctions on 20 January following last November's landmark agreement.
Opec output edges up Opec output edged up in December to 29.72m barrels per day (bpd).
Diana fixes and finances Diana Shipping has found a taker for one of its panamax newbuildings under construction in China.
Tanker under tow A powerless Hellespont tanker has been taken under tow off the west coast of Ireland.
STX seals ferry deal Brittany Ferries has confirmed a EUR 270m ($369m) order for the world's largest LNG-powered passengership at STX France.
Ro-pax capsizes off Jakarta No casualties have been reported after the sinking of a ro-pax in the port of Tanjung Priok, Indonesia.
HMM eyes more sales Korean shipowner Hyundai Merchant Marine (HMM) plans to offload its stake in a compatriot financial services company as part of its efforts to boost liquidity.
Mundra in the clear India's port of Mundra is still working normally despite a court ordering operator Adani Group to shut down 12 of its units there.
Three seized from ro-ro West African pirates have taken three hostages from a ro-ro after an attack off Equatorial Guinea.
Moody's lauds BW move BW Group's offer to buy back some bonds could save the company as much as $33m per year, according to Moody's.
Trio team for India Container lines APL, Maersk and OOCL are teaming up with five other owners on Asia to India business.
Kayne lifts KNOT stake Kayne Anderson has strengthened its holding in KNOT Offshore Partners after taking a bundle of extra units worth around $10m.
Skov gets busier Danish shipowner Clipper Group has added two new directors to its board, including Hafnia Tankers CEO Mikael Skov.
LSC sell off continues Lithuanian Shipping Company (LSC) has sold another multipurpose (MPP) ship as it accelerates plans to focus on the handysize segment.
Drummond's downer A ban on Drummond's shipments from Colombia will haul down steam coal exports from the country by around one third, Reuters reports.
No let up in attacks Waters around Indonesia have seen a surge of robbery incidents in the first two weeks of 2014 latest figures show.
Euronav seals round one Euronav has completed the first of two equity issues which will finance the $1bn takeover of the Maersk Tankers VLCC fleet.
G6 chops two The G6 Alliance of boxship lines has cut capacity further on Asia to Europe trades.
OSG wielding axe OSG looks likely to make most of its international management team redundant as it brings in V.Ships to handle its overseas fleet.
Tallink crew to strike Tallink crews are threatening strike action in a dispute over pay.
CMRE set to raise $100m Greek shipowner Costamare looks set to raise at least $100m from its latest fund raising exercise unveiled on Monday.
Chan heads for exit Teekay's spin-off Teekay Tankers is looking for a new chief executive, the company disclosed last night.
Ezra eyes spin-off Ezra Holdings is considering spinning off its subsea services division EMAC AMC, the company has disclosed.
US ports eye good start Import volumes at the major US container ports are expected to grow 4.8% in January, a leading trade body has forecast.
GASS loses glow A leading Wall Street analyst has downgraded shares of Greece's StealthGas based on a bet that it's going to be outshined by the likes of Dorian LPG and other operators that intend to pursue New York listings.
NEWSFLASH: Canadian firm buying stake in TraPac Terminals MOL is planning to sell a 49-percent interest in its TraPac terminal subsidiary to a Canadian company, Brookfield Asset Management.
ModusLink moves contact center support to the cloud
Manufacturing up, retail down in Q4
Senators: Crude transport by rail needs review "The recent series of explosions and accidents involving oil trains demands an investigation and review of our current safety practices and regulations," Senators John Rocekfeller and Ron Wyden said.
Terex chooses Amber Road
Florida governor pledges $138 million for ports
ILA members reject contract in Baltimore ILA members approved a national master contract that covers containerized cargo last April. But negotiations over local issues and handling of breakbulk cargo continued in some ports, including Baltimore.
Senate committee OKs Maritime Administrator
Carriers cooperate on Far East-India services CMA CGM, Maersk, APL, OOCL, Emirates Shipping, Hamburg Süd and Regional Container Lines will cooperate on services between the Far East and Indian subcontinent starting next month.
Nation needs improved infrastructure, says Caterpillar president
With crack repaired, MSC Monterey en route to Boston Reederei NSB, the owner of the containership MSC Monterey, said repairs on its cracked deck and hull have been completed.
SDV reinforces its Benelux network by acquiring EDT
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