Derna Carriers vessel arrested at Tilbury ITF says Athens-based owner owes crew more than $130,000 in back pay
Brightoil forecasts a return to the black for six months ending December Major bunker supplier declares a turnaround from the previous year's $112m loss
ICTSI to build a terminal in Congo Investment in river port at Matadi targets fast-growing central Africa
Liquefaction risk rises after lifting of Indian iron ore export ban Ban's removal has led to e-auction of 11.5m tonnes of iron ore that had been "sitting around" since 2010
OSG bank group negotiates with shareholders Plan would cut out bondholders' own push to claim the equity
Slower growth is the new norm for box ports But analysts say momentum is sufficient to encourage fresh investment in capacity
Private maritime security companies must think smarter to survive As Indian Ocean attacks dwindle, players seek creative new ways to stay afloat
London Gateway lands Hamburg Süd German line to switch services from Tilbury
Lyubov Orlova: IHS Maritime's viewpoint Decommissioned cruise ship Lyubov Orlova probably sank in February 2013, believes the president of the Irish Coast Guard Chris Reynolds
Excel inches closer to Chapter 11 exit A confirmation hearing is set for 27 January to sign off on a re-organisation plan that would bring formerly NYSE-listed Excel Maritime out of Chapter 11 bankruptcy protection
HK urges safety precautions Hong Kong's coxswains and persons-in-charge of vessels were reminded to take adequate safety precautions when navigating in poor visibility in Hong Kong waters, as the fog season approaches
Shanghai Lonyer Fuels forecast losses in 2013 Shanghai-listed Shanghai Lonyer Fuels, a marine fuel oil supplier, expected to slip to losses of at least 51M yuan ($8M) in 2013 due to lower demand for fuel oils in China
Bad weather prevents rescue Efforts to salvage a cargo ship in the Gulf of Tonkin have been hampered by rough waves
KDB displaces Kang as STX's biggest shareholder Korea Development Bank has displaced STX Corporation's founding chairman Kang Duk Soo as the chaebol's biggest shareholder
Weihai port to open North Korean service China's Weihai Port Group in Shandong Province announced on 21 January that it plans to open a container service to North Korea this year
Yangzijiang buys out JV with Peter Döhle Yangzijiang Shipping has bought out its bulker joint venture with German shipowner Peter Döhle
Ningbo port records 2.8Bn yuan profit in 2013 Shanghai-listed Ningbo port projected on 22 January that it had recorded a profit of 2.8Bn yuan ($469M) in 2013, up by 6.01% year on year from 2.68Bn yuan the year before
Bangkok ports unaffected by crisis Operations at Bangkok's ports and airports are continuing as normal and without any disruption, despite the government's declaration of a state of emergency on 22 January
Mining investment to turn JES' fortunes around Singapore-listed Chinese shipbuilder JES International could restore profits with its investment in mining company Mineriver, said Voyage Research this week
Smoking ship centre of pay dispute The MV Poavosa bulk carrier, which shut down the port Tarnaki in NZ earlier this week after a chemical leak, is also at the centre of a pay dispute, according to the International Transport Workers' Federation
Crane Replacement to Hamper Operations at Nehru Port India's Port of Jawaharlal Nehru, which has been plagued by labor troubles in recent months, is bracing for yet another disruption to shipping as the port trust announced a nearly six-week partial shutdown of the port-run container terminal, beginning in mid-March, for harbor crane replacement. ":During the installation/commissioning of three new...
Impacts of ILWU, ICTSI Dispute Not Over for Portland Truck flows and cargo handling at the Port of Portland were back to normal as the week was drawing to a close, but the residual effects of the latest disagreement between the International Longshore and Warehouse Union and terminal operator ICTSI may continue to be felt in the days ahead. Terminal...
Container Volume at Seattle, Tacoma Slid in 2013 Cranes at the Port of TacomaCombined container volume at the ports of Seattle and Tacoma fell 7.6 percent in December from a year earlier to 278,163 TEUs, continuing a slide that began in February. The drop in containers moving through the Washington port complex was mainly driven by declining volume at...
SCFI: Shanghai-to-US Spot Rates Largely Unchanged One Week Ahead of Chinese New Year Shanghai Containerized Freight Index, U.S. West Coast, week ending Jan. 24, 2014 Full-size image Spot container rates from Asia to the U.S. East and West Coasts, as measured by the Shanghai Containerized Freight Index, inched down by just a few dollars in the week ending Jan. 24. This followed three straight weeks...
OOCL's Revenue Drops Despite Volume Growth OOCL's total revenue in the fourth quarter of 2013 fell 1.6 percent year-over-year to $1.4 billion, partially fueling a 4.9 percent decrease in total yearly revenue, according to parent Orient Overseas (International) Limited. Quarterly revenue declined 6.7 percent year-over-year in the Asia-Europe trade, 2.6 percent in the trans-Pacific and 1.6 percent...
NADL storms Big Apple North Atlantic Drilling Ltd (NADL) is moving forward with an initial public offering (IPO) in the US.
Nordea upgrades DRYS Greek bulker and tanker operator DryShips has secured an endorsement from equity analysts at Nordea.
Reputation recovery continues Carnival Cruise Lines has staged a 75% reputation recovery since the public relations nightmare following the disabling of the Carnival Triumph, the parent company's top executive said.
Sjaastad strikes again Stream Tankers has exercised options on a pair of chemical tanker newbuildings in Japan.
Sparebanken takes hit Norway's Sparebanken Vest has written down NOK 110m ($17.84m) in the fourth quarter, with most of the amount related to shipping loans.
Heidmar hires CEO Heidmar has hired Hans van der Zijde as its new chief executive officer (CEO).
Past the peak Suezmax rates are falling fast amid heavy declines in earnings out of West Africa.
Hanjin chops two runs Korea's Hanjin Shipping is scrapping two boxship services as it looks to save money.
Unequal equities exposed We take a look at what was said in the market over the past week.
Repairs underway A Royal Arctic Line (RAL) boxship is receiving running repairs after reporting engine trouble.
GSI seals share deal Guangzhou Shipyard International (GSI) has won approval to sell shares to pay for its takeover of Longxue Shipyard.
Mercator loses less Mercator Lines Singapore has cut its third quarter loss in a stronger dry cargo market.
SSC sheds oldie Singapore Shipping Corporation has booked a modest profit on the disposal of an ageing car carrier.
More for Wisdom Wisdom Marine of Taiwan is spending $94m on another three new bulkers in Japan.
Manx ferry delayed again An Irish Sea ferry newcomer's launch has been delayed again.
Marinakis mulls action TradeWinds digests the digits making the headlines this week.
Liquefaction lethal The London P&I Club has warned again over cargo liquefaction as India lifts its iron ore export ban.
Pac Basin confirms buy Pacific Basin Shipping has confirmed the purchase of a supramax bulker to continue its acquisition efforts.
Correction coming? US shipbroker McQuilling has warned that products tanker owners could be in for a shock from 2015.
OOCL volumes up Hong Kong container line OOCL's fourth quarter volumes have grown, but rates dipped.
New record for Antwerp The key Belgian port of Antwerp has posted its best-ever annual cargo figure in 2013.
Heung-A orders quartet Korean owner Heung-A has signed up for four new chemical tankers at a compatriot yard.
Ghost ship back again? A derelict cruiseship adrift in the Atlantic for a year could be heading towards the UK, according to a scare story in the British press.
ICTSI expands in Africa International Container Terminal Services Inc (ICTSI) is to build a $100m container terminal in the Democratic Republic of Congo.
Trio in transpac tie up China Shipping Container Lines (CSCL) is teaming up with two other liner operators on the transpacific trade.
Brightoil expects better Growing tanker owner Brightoil Petroleum has forecast a return to profit for the first half of its financial year.
Ezra ties up new deals Singapore's Ezra Holdings has secured offshore projects worth around $80m including options, it has disclosed.
Genco set to survive Nordea expects Genco Shipping & Trading to survive its current financial woes and has just upgraded the stock to a 'buy'.
Dry mouth A leading investment bank has initiated research coverage of the dry-bulk sector and four US-listed operators.
ITF plots arrest The International Transport Workers' Federation (ITF) is looking to arrest a multi-purpose cargoship controlled by Greek operator Derna Carriers on behalf of the vessel's crew.
NEWSFLASH: A stronger Q4 for OOCL, but revenues still lag 2012 The parent company of OOCL provided an early peek at what the end of 2013 might have looked like for the container industry as it released an unaudited fourth quarter operational update on Friday.
Yoshitani to retire as Seattle port CEO Port of Seattle Chief Executive Officer Tay Yoshitani confirmed Thursday at an industry event in Tampa, Fla., that he will retire at the end of June when his contract expires. He has led the Port of Seattle since March 2007.
Zim recovery not dependent on market conditions By sharply reducing its debt and continuing to reduce expenses, container carrier Zim believes it will be able to stay on course, even if the container shipping industry continues to experience stormy economic seas.
Rhetoric subsides in effort to resolve Panama Canal dispute The international consortium building a new set of massive locks for ocean-going vessels through the Panama Canal said talks to resolve $1.6 billion in disputed cost overruns will continue through Feb. 1.
Amazon's next conquest: Anticipatory shipping The trucking operation hinges on historical tracking data and the ability to plug that information in to a "predictive shipping model," according to a patent recently filed with the U.S. Patent and Trademark Office.
London Gateway puts 'quad lift' crane into service
Corn crop yields growth for Union Pacific
Panalpina aims for 500 services in 2014
Kansas City Southern sets $2.4 billion revenue record
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