Evercore debuts drybulk coverage Evercore analyst Jon Chappell, long known for his tanker research, has branched out into drybulk analysis and pegged Scorpio Bulkers and Safe Bulkers as his top picks
DHT weighs M&A options DHT will continue its fleet expansion and is now considering merger-and-acquisition opportunities, according to chief executive Svein Moxnes Harfjeld
Brightoil expects to return to profit Hong Kong-listed Brightoil Petroleum expects the last six months of 2013 to yield a profit, due to better performance in the oil trading and bunkering business
La Spezia bucks Eurozone inertia Italy's second-ranked container Port of La Spezia has defied the economic stagnation in the Eurozone by registering container traffic growth of 4.3% in 2013
Sea trade set to exceed 10Bn tonnes in 2014 Sea trade may break through the 1 billion tonnes mark this year, delegates at the Marine Money Ship Finance Conference were told in London today (23 January)
Deiulemar Shipping bought for $111.83M Maltese registered Heron Ventures has acquired the dry bulk business of bankrupt Italian company Deiulemar Shipping for €82.5 million ($111.83 million) in a court-organised auction, according to the Italian news agency ANSA
Turkey cancels Derince port sale Turkey has cancelled its planned privatisation of the Port of Derince in Izmit province, northwest Turkey, after bidders failed to match the minimum $516M asking price for the port
M&A on the menu too DHT Holdings is on the lookout for more opportunities to expand its fleet of tankers, according to chief executive Svein Moxnes Harfjeld.
Guidry: 'there will be fuel' Gulf Coast Shipyard has launched the first of six dual-fuel platform-supply vessels (PSVs) that were ordered by US compatriot Harvey Gulf less than one year ago.
Khanna sets sights on IPO Pankaj Khanna's Pioneer Marine has added four newbuildings to its fleet as it builds up ahead of an initial public offering.
V for Volatility Freight rates are on the rise and the darkest days of the downturn have passed but there's a strong chance the bulker market will be more volatile than ever in 2014, Compagnie Maritime Belge (CMB) warned investors Thursday.
Laker owner's profit sinks Weather delays helped push American Steamship Company (ASC) into a 38% decline in its quarterly profit.
CMB goes stainless Compagnie Maritime Belge (CMB) has forged an alliance with an affiliate of diversified Belgian compatriot Cobelfret.
Bocimar bulks up Bocimar has firmed up a contract to construct five capesize bulkers at Imabari Shipbuilding in Japan.
No fear Owner's should not fear a shipping recovery being wrecked by the run of money from the capital markets and private equity, veteran banker Jeff Pribor says.
Haisheng hitting heights China Shipping Haisheng is expecting to announce a return to profit for 2013.
Ferry evacuated Passengers were being evacuated on Thursday from a Philippines ferry that had run aground.
Talis eyes ship buys London private equity firm Talis Capital is gearing up to swoop for at least six dry cargoships in 2014.
Forest crew transferred The crew of the abandoned bulker Rich Forest have been transferred on to a US Coast Guard (USCG) cutter in the Pacific.
Rem enters new arena Rem Offshore is looking to break into the harsh environment offshore market with its first winterized PSV newbuilding.
Norshore in bond bid Norshore has turned to the bond market for $150m to help pay for a newbuilding from Otto Marine.
"Window of opportunity" Oil tankers can do better this year than market fundamentals would suggest, ICAP head of tanker research Stavroula Betsakou predicts.
Capes set for spring surge Capesize owners should not to panic about a current slump in charter rates as they will boom by the spring.
Bumi fixes duo Malaysia's Bumi Armada has fixed two platform supply vessels (PSVs) into Angola for a potential $48m.
Clarksons takes two Clarksons has hired two brokers from Aquamarine Shipping Consultants as it set up shop in Uppsala, Sweden.
Yard buys Dohle bulkers Yangzijiang Shipbuilding has bought Peter Dohle's majority share in a quartet of jointly-owned panamax bulkers for just $5m.
Panama Canal hits peak The Panama Canal has recorded a record tonnage haul in its first quarter.
CMA CGM releases Rhino France's CMA CGM has launched a new feeder run to take advantage of growing cabotage opportunities in Mozambique.
Q-Ship seals $425m loan Qatar Shipping (Q-Ship) has clinched a new $425m loan to refinance four LNG carriers owned with Japan's big three.
Aggressive Keppel banks more Keppel Corp has seen its fourth quarter profit lifted thanks to a stronger showing from its Offshore & Marine division.
Zim eyes tie-ups as IPO back on Israeli container line Zim has finally confirmed details of its huge debt restructuring, which will see borrowing cut to between $1bn and $1.5bn from $3bn.
ATM boosts cash pile Frontline's upsized ATM offering will lift its cash position to $160m, a prospectus filed with US regulators shows.
GasLog banks $199m GasLog has ended $199m to the good following the completion of an equity issue and private placement.
Eastern promise Icelandic container line Eimskip has signed a cooperation deal with China's giant Cosco group.
Piracy clause amended Intertanko has amended its model piracy clause to take into account security issues specific to the Gulf of Guinea.
Maersk selling again? AP Moller-Maersk looks likely to sell another non-core business in the shape of oil and gas services operation Danbor.
Bijela on the block Montenegro is trying again to sell off Adriatic Shipyard Bijela.
Hammonia backs Mojo German shipowner Hammonia Reederei has agreed to finance and build the first of a new class of offshore construction vessel.
Kim Heng jumps on debut Kim Heng Offshore & Marine has raised SGD 36.4m ($28.9m) in net proceeds following a successful IPO in Singapore.
DHT picks up Gulf VLCCs A cash-strapped UAE tanker operator has been tipped as the seller of two VLCCs to DHT Holdings.
Prestige files IPO Private equity backed Prestige Cruises Holdings has filed with US regulators to raise up to $250m in an initial public offering (IPO).
DHT sheds the red DHT Holdings turned in a fourth-quarter profit Wednesday thanks in large part to the recent sale of a claim against bankrupt US tanker operator Overseas Shipholding Group (OSG).
Japan ends on high Japanese shipyards experienced a strong end to the calendar year with newbuilding orders remaining robust.
Al Gharrafa sheds cargo Al Gharrafa, the 215,000-cbm Q Flex LNG carrier involved in a collision off Singapore just before the New Year, is to have its cargo transferred to another Q-Flex LNG carrier, the 216,000-cbm Al Ghashamiya (built 2009).
Take two DHT Holdings has added two more VLCCs to its fleet of tankers in a transaction worth nearly $100m.
Israel Corp. details restructuring plan for Zim In a filing with the Tel Aviv Stock Exchange and Israel Securities Authority, Zim's parent company Israel Corp. outlined a "term sheet" for a financial restructuring of the container shipping company.
Transplace study finds fuel surcharge most common accesorial A benchmark study on transportation accessorials from Transplace has found that shippers are not always accurately applying fuel surcharge schedules to their domestic transportation process, among other findings.
Panama Canal tonnage reaches new high in Q1 The Panama Canal Authority said it registered a tonnage record of 87.7 million tons during the first quarter of its fiscal year.
ATA: 2013 truck tonnage ends on 'high note'
Norfolk Southern sees quarterly, yearly gains "We're seeing the results of our investments in network capacity and technology enhance our ability to offer superior service to all of our customers," Norfolk Southern's CEO said.
FedEx, Nissan to test electric car in North America
MOL names new leadership
AAEI to tackle trade challenges at annual conference
Seaboard Marine expands in Florida
Hapag-Lloyd, CSAV plan to create fourth-largest container carrier Hapag-Lloyd said it has signed a memorandum of understanding with the Chilean container shipping company CSAV about combining the container shipping operations of the two companies.
Gov. Christie signs bill that would end port cargo fee Opponents of a fee charged by the Port Authority of New York and New Jersey on cargo moving through the port are halfway toward their goal of having it eliminated.
Seago offers service connecting Aarhus and St. Petersburg
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