OSG nets small gain in November Cash balance at the end of November was $582m, up from $581m at end October
Market forces no longer determine freight rates Drewry says carrier behaviour, not supply and demand, dictates prices and profits
FMC stops the clock on G6 expansion plans Washington wants more information from six box lines in repeat of P3 regulatory delay
J. Lauritzen exits shuttle tankers to focus on dry bulk and gas Sale to Knutsen NYK Offshore supports Danish firm's strategic objectives
France debates legalising private maritime security firms National Assembly set to discuss transport minister's Bill next month
Top box lines accumulate losses of $1.3bn in five years Net profits only achieved in 2008 and 2010, says Dynamar
CSAV signs up to Inttra Chile carrier makes the e-commerce provider its preferred platform for customers
Nakilat adjusts to change Created to carry Qatar's vast gas reserves, the firm is repositioning in a shifting market
Cross-Mediterranean aframax earnings rise $29,000 in a day Spot rates hit record levels as tonnage list stays tight
Hapag-Lloyd and CSAV move closer to an agreement Parties have yet to agree a binding merger but could sign an MOU within days
Transpacific box rates rally 10% Spot prices remain well below corresponding levels a year ago
Mission to Seafarers shake-up puts resources where they are most needed Charity is cutting costs and improving efficiency and regional autonomy
Hong Kong reports 4% drop in annual container throughput Port loses ground as Shenzhen looks set to become the world's third-largest box port
VLCC earnings find a floor after going into freefall January is on course to be the lowest month for fixtures since last March
Brittany Ferries says Oui to LNG French ferry orders gas-powered newbuilding and converts two ferries to run off gas
KDB-led creditors to bail out STX Group holding firm Rescue proposal includes a $658m debt-to-equity swaps
Cosco Pacific reports 10% annual growth in box throughput Terminals in Bohai Rim, the Yangtze River Delta and overseas perform well
Masters and owners face increased risk of civil penalties for casualties Courts' forensic approach highlights the need for care when gathering evidence from crew
Better supply-demand balance boosts prospects for dry bulk this year But beyond 2014 owners face overcapacity as vessel deliveries rise and scrapping slows
Correction: MOL to sell 49% of its US terminal assets OOIL sold its North America port business to Ontario Teachers Pension Plan
Titan Petrochemical resolves Grand China Logistics legal dispute GCL drops its case, ending row over Quanzhou shipyard
FMC delays G6 expansion US regulators will require more information from the G6 alliance before they approve the liner operators' expansion scheme
Portuscale suspends return of Lisboa Fledgling Portuguese cruise company Portuscale Cruises has suspended the entry into service of one of its four vessels after running into unexpected problems in the course of refitting it
South Korean car exports to the United States hit new high South Korean vehicle exports to the United States hit a new record high in 2013, as US consumers increased their appetite for South Korean makes
Update: Brittany Ferries orders LNG vessel Brittany Ferries has placed a €270M ($369M) order with STX France for the construction of a vessel powered by liquefied natural gas (LNG)
American Shipping Company follow-up offer not fully subscribed A rights issue of American Shipping Company, the Oslo listed owner of Jones Act product tankers, was not subscribed in full
Piracy attacks fall 11% worldwide in 2013 Piracy attacks fell 11% in 2013, with 264 cases reported worldwide compared with 297 the previous year, according to the IMB's latest report
STX Corporation accepts business normalisation plan Cash-strapped chaebol STX Corporation has accepted a business normalisation plan in exchange for more funding from creditor banks
DNV GL urges retrofitting for LNG bunkering Classification society DNV GL said today it is advising clients to design ships that can be retrofitted for LNG bunkering
Ro-pax capsizes at Indonesian port The ro-pax ferry BJL I capsized at Tanjung Priok port in north Jakarta yesterday, Indonesian port authorities said
Four mariners missing off Philippines Four crew members are still missing after barter trade vessel Bounty Ferry sank off Simanayo Island in Sulu, southern Philippines
'Strained' talks ahead after warning strike on Tallink ferries Talks to solve a pay dispute at Tallink Group ferries, the listed Estonian cruise ferry company, will be "strained", a company official said after a warning strike on Monday, according to the Estonian Seafarers' Union, EMSA
Ningbo port handled 496M tonnes in 2013 China's Ningbo port handled 496M tonnes in 2013, recording a new high of throughput, up by 9
CSSC-JNHI forecast surge in losses for 2013 Shanghai-listed CSSC-JNHI forecast today that its losses surged 124% year-on-year to 170M yuan ($28M) in 2013 on shrinking new orders and narrower gross profit margins
GasLog targets LNG trio GasLog of Monaco has inked a contract to acquire three LNG carriers from BG Group affiliate Methane Services Ltd (MSL) for approximately $468m.
Meadway in the money Greek owner Meadway Shipping has secured period work for one of its panamax bulkers at above the present spot market level.
Euronav in conversion sale Euronav has sold off its oldest VLCC for conversion only weeks after completing the purchase of 15 tankers from Maersk.
Med fixtures fire Aframaxes A surge in fixture activity in the Mediterranean Sea has ignited aframax tanker spot rates.
NAO eyes Q1 debut Nordic American Offshore (NAO) is looking to list in New York in the first quarter.
Seglem in JL fleet swoop J Lauritzen has completed its second fleet sale in four months after disposing of its shuttle tanker business to Knutsen NYK Offshore.
Second bulker held Another Intersee bulker has been detained over a breach of the Maritime Labour Convention (MLC).
India wants shipping shifted India's coast guard has called for an international shipping corridor running close to its coast to be moved further out to sea as the threat of piracy diminishes.
Vard seals DSV order Vard has bagged an order for a diving support and construction vessel (DSV) from a mystery international company.
Vroon extends PSV deal Peterson Den Helder has extended its charter of a Vroon supply ship for another year.
Capitol completes IPO Capitol Nusantara is set to begin trading on the Indonesia Stock Exchange tomorrow after successfully completing an IPO.
STX Corp bailed out Creditors of troubled STX Corp have agreed a debt-for-equity swap to help restructure the Korean holding company.
Libya: no rebel oil sales All Libyan oil fields are reportedly under army control, preventing tanker loadings at ports held by eastern separatists.
AMSC comes up short American Shipping Company (AMSC) has failed to sell out its follow-on offering in Norway.
Klaveness adds four more Torvald Klaveness has doubled its order tally in China with the addition of four newbuildings and the potential for many more to come.
Eight for Transpetro Transpetro is investing BRL 1.4bn ($594m) in eight new tankers to be built in Brazil.
Piracy at six-year low Piracy has dropped to its lowest level for six years as the Somali threat recedes, the International Maritime Bureau (IMB) said on Wednesday.
Arson accused in court A man has appeared in a UK court charged with arson following a fire on a DFDS ro-ro on 28 December.
Petredec books six Petredec has ordered another six VLGCs at Hyundai Heavy Industries taking its tally at the shipbuilder to ten.
Tug sinks off US A tug has sunk off the US after it was hit by a big Atlantic swell.
Damen does Dutch deal Dutch owner Offshore Wind Services has ordered a newly designed fast crew boat from Damen.
TOO ups bond offering Teekay Offshore Partners has raised NOK 1bn ($165m) from an upsized bond issue in the Norwegian market.
Epic exercises options Epic Gas has moved quickly to exercise options for two more 11,000-cbm LPG carrier newbuildings in Japan.
Bunker licences pulled Singapore has cancelled the licences of two more bunker suppliers as it continues to crack down on illegal activities in the sector.
RIG eyes mega order Transocean is said to be looking to order up to five deepwater drillships as part of a $10bn spending spree over the next five years.
KLC files suit Korea Line Corp (KLC) has accused World Fuel Services of selling substandard bunker fuel that is believed to have caused the breakdown of a bulker it chartered from a third party more than five years ago.
NEWSFLASH: FMC asks for more information from G6 The Federal Maritime Commission wants more information on the proposed expansion of the G6 vessel-sharing agreement (VSA).
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.
Evergreen takes delivery of another 'L' ship, details orderbook Evergreen has taken delivery of an additional 8,508-TEU containership built at CSBC Corp.'s shipyard in Kaohsiung. The ship, Ever Lucid, will join one of the Taiwanese carrier's Far East - Europe strings.
CSAV to use INTTRA 'e-shipping' platform
TIACA urges caution on advance data for air cargo security Governments should wait to adopt further rules about the submission of advance data for air cargo security until ongoing pilot tests can be completed and harmonized global standards are agreed upon, TIACA's Douglas Brittin said.
Bill to end port fee passes New Jersey legislature
Oakland names CMA CGM exec as maritime director The hiring comes seven months after Christopher Lytle left the top job at the Port of Long Beach and took over as executive director with a mandate to restore the credibility of the city's port department.
LNG fueling station opens in Jacksonville
Executive moves
MarAd calls for U.S. fleet to carry more foreign commerce
Firm to unveil 'next generation' eco vessel Vessel's scrubber will 'eliminate 97% of all SOx emissions', says firm.
Bunker prices relatively steady in Fujairah and Suez Markets firming in South Africa.
Bunker prices sliding in European hubs Prices soften in hub ports.
Container line to establish Middle East LNG bunker station UASC has already ordered containerships designed for swift retrofitting to LNG dual-fuel engines.
Spanish port promoting LNG Barcelona Port Authority signs agreement to promote LNG.
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