Dorian LPG is 'in it for the long term', says Hadjipateras Free to read: Chief operating officer outlines gas firm's canny newbuilding charter strategy
Shipowners must pull their SOx up Manufacturer and bunker supplier criticise shipping firms' failure to take the initiative
PSA International wins bidding for fourth terminal at India's top box gateway Global ports giant returns to Jawaharlal Nehru Port project that it lost in 2012
Diamond S launches IPO Ross-backed tanker company looks to fund 10 newbuilds
South Korean trawler gets back to Antarctic work after stranding Kwang Ja Ho refloats itself with all 90 fishermen safe
CSC Phoenix wins ordinary creditors' approval for restructuring plan - just Chinese state carrier will shed more than 2,000 people from 'excessive labour force'
Investment bankers predict a new wave of larger shipping flotations Bigger than reported list of private equity deals points to a 2014 IPO bonanza
Box players on the alert for Maersk Line numbers Tomorrow's AP Moller-Maersk results should show the carrier continuing to outperform
In defence of coastal states States need more support in places of refuge emergencies
ABS joins new US research into lightweight materials Department of Defence-led $280m research drive could benefit commercial shipping
Vancouver faces 48-hour truckers' protest Inchcape Shipping Services says action could severely impact Canada's largest port
Short-term shipping challenges hit Awilco LNG results Norwegian gas carrier company reports fourth-quarter loss
Courage Marine faces Singapore watch list on posting third annual loss But 81% revenue hike returns the company to fourth-quarter 2013 profit
Hutchison seals fresh terminals agreement at Port Botany Southeast Asia-Australia Service signs a three-year deal
Funds urged to be more proactive in shopping for shipping debt Distressed sales and impatience with recovery drive new deals, Greek forum is told
Star Bulk inks deal for two more SWS newcastlemaxes Greek owner agrees 10-year bareboat charters with purchase options
Port trucker protest hits Vancouver Independent truck operators serving container terminals at Port Metro Vancouver walked off the job on 26 February in protest of excessive wait times
Star Bulk adds eco newbuilding pair NASDAQ-listed Star Bulk has agreed to take two eco-design Newcastlemax newbuildings on long-term bareboat charter with a purchase obligation
Passengers spend night aboard ferry About 100 passengers were forced to spend Monday night on the Wasa Express with vehicles on board when it was unable to dock in the Swedish port of Umeå due to thick floating ice packed together by high winds around and in the harbour
Pricing supports US coal exports to Europe The price of coal has fallen to a three-year low, a factor that should support imports from the US to Europe, while tonnage supply in dry bulk shipping is heading towards a better balance with demand, shipping analysts said
South Africa to address coal bottleneck South Africa's coal rail network operator Transnet will improve the infrastructure over the next five years to address bottlenecks
US coal looks to Asia As the US gravitates towards natural gas-fired power, US coal producers are seeking export opportunities from energy-hungry Asia
OECD 'will spur recovery in box shipping' Advanced economies, especially the US economy, would provide the demand that is needed to revitalise container shipping, said BIMCO chief shipping analyst Peter Sand
China releases first maritime judicial disclosure index China Maritime Judicial Disclosure Index, the nation's first index on transparency of all 10 maritime courts, was released yesterday by the National Institute of Law under Chinese Academy of Social Sciences
COSCO Corp profits down 71% y/y in 2013 COSCO Corporation, a shipbuilding unit of COSCO Group, said its profits slumped 71% year on year to SGD30.6M ($24.2) in 2013, due to loss-making shipbuilding contracts
Nam Cheong profits up 42% y/y in 4Q 2013 Malaysia's Nam Cheong's profits grew 42% year on year to MYR70.2M ($21.4M) in the fourth quarter in 2013 due to increased performance in its shipbuilding and vessel chartering businesses
Overcapacity Impacts Expeditors International of Washington's Earnings More than half of Expeditors International of Washington's revenue came from the Asia-Pacific region in 2013, which may be a good sign for the third-party logistics provider as overall international transportation management growth is expected to be less than 5 percent outside of the region in 2014. A breakdown of Expeditors...
Roadrunner Acquisitions Expand Truckload Business Roadrunner Transportation Systems bolstered its fast-growing truckload business with the $48 million purchase of Rich Logistics and Everett Transportation. The Little Rock, Ark.-based companies offer truckload and expedited trucking services in the U.S. and in Mexico, with Everett operating exclusively for Rich Logistics. The Rich Logistics and Everett deals were the...
Obama Transport Plan Faces Steep Challenges, Ticking Clock WASHINGTON - Is President Obama's proposal to increase surface transportation funding through corporate tax reform the new "peace" dividend? In 2012, Obama pitched a proposal to nearly double the nation's spending on roads, highways, bridges and transit using money gained through the winding down of the wars in Iraq and Afghanistan....
Auto, Chemical Sectors Propel Cargo Growth in US Gulf Ports Port of Mobile, Alabama.Containerized cargo at Gulf ports is benefiting from a north-to-south shift in U.S. population growth, growth in the region's automotive and chemical industries and investment in container-handling facilities. A higher-capacity Panama Canal could add to that equation. Port officials wax optimistic about prospects for increased volume from the...
The Real Value of Added Value One of my fondest memories associated with international business was me, as a young boy, seeing my father off at the airport. I vividly recall the amazing sights and sounds and how the energy and excitement in the terminals was nearly palpable. Air travel then was truly a special event,...
Obama to Call for $302 Billion in Transport Spending WASHINGTON - President Obama today will call for $302 billion in transportation spending over the next four years, paid for in part with proceeds from tax reform, the White House said. Obama is expected to make his pitch for higher spending on highways, ports, rail and bridges while touring a bus...
Culture Wars This month the world has watched as Olympic skaters have spun and jumped, skiers have swooshed downhill and Russia has delivered undrinkable water and unusable, unsanitary toilets to visitors in Sochi. The global village also saw Russians unable to deliver a fifth Olympic ring during opening ceremonies and got an introduction...
Chemical Exports Drive Growth at New Orleans When President Obama delivered a speech last fall touting exports, his planners chose the Port of New Orleans as the setting. Exports dominate the port's containerized cargo, and have been driving growth. A big reason is proximity to petrochemical plants that line the Mississippi River between New Orleans and Baton Rouge....
XPO Logistics Sets $2.75 Billion Goal for 2014 Encouraged by signs of a stronger U.S. economy and recent acquisitions, XPO Logistics is raising its revenue run rate target for 2014 to $2.75 billion, almost triple the $1 billion run rate the company achieved in 2013. "The economy is coming back," said XPO Chairman and CEO Bradley S. Jacobs. "We...
Air Cargo Carriers Shift Capacity Back to China Post-CNY Air freight operators have almost completed their shift of capacity back into China following the Lunar New Year celebrations. A number of U.S. and European freighter operators moved capacity out of major hubs and off normal East-West trade lanes as factories started to close down in late January for the New...
Port Metro Vancouver Truckers Threaten Strike Port Metro Vancouver in Canada is bracing for a threatened two-day strike by harbor truck drivers, and companies that work in the harbor say the impact could be immediate and severe. "It would be quite devastating," said Gordon Payne, chairman of Harbor Link Container Services, a trucking company in British Columbia. Vancouver,...
Baltic ekes out profit Baltic Trading has logged a small profit for the fourth quarter, turning around a loss in the same period last year.
Top share move gets OK Top Ships shareholders have voted in favour of a plan to carry out a reverse split on the owner's New York-listed stock.
TMT's monthly net improves Today Makes Tomorrow (TMT) affiliates under US bankruptcy protection reported a smaller combined loss in January compared to the prior month.
Bulker aground then free A South Korean-controlled bulker ran aground in the Columbia River in the US Pacific Northwest but was freed within hours.
Farstad better by half Farstad Shipping reported a 50% jump in net profit in the final leg of the year as the company continued to expand its fleet to nearly 60 vessels in the water.
Death for Suez plotters Egypt has sentenced a group of 26 people to death for plotting terror attacks on ships in the Suez Canal.
Spend it like Fredriksen John Fredriksen's Golden Ocean may be talking about selling ships before it buys again but analysts following the company are anticipating major moves on the acquisition front.
Klaveness seals NOCC deal Norway's Klaveness Marine has reached 95.63% ownership of car carrier company NOCC following the end of its takeover offer.
Marenave to see deep red Marenave Schiffahrts has warned of huge losses for 2013 after the German shipowner decided to take an axe to the value of its fleet.
Star taking dry duo Greece's Star Bulk Carriers has struck a bareboat charter deal for two Newcastlemax bulkers under construction in China.
HSH needs more cash HSH Nordbank looks set to draw on more money from its state-backed loan-loss guarantee fund in future years.
No let up for Nam Cheong Nam Cheong will not let up in its quest to become one of the largest offshore shipbuilders in South East Asia.
Diamond S launches $224m IPO Wilbur Ross-controlled products tanker owner will price New York share sale at between $14 and $16; confirms move for 10 Metrostar ships.
Workboat warning Workboat operators have been warned to check exhausts are insulated following a devastating fire on the ECC Topaz off the UK last month.
DESSC up in the fourth John Fredriksen-linked Deep Sea Supply more than tripled earnings in the final quarter despite a fall in revenue.
CMES takes tanker hit China Merchants Energy Shipping (CMES) is making an impairment provision of CNY 1.976bn ($322.55m) on its fleet value.
Marco Polo makes rig move Singapore's Marco Polo Marine is branching out into the jack-up sector with a new order at PPL Shipyard.
STX reveals debt deal Cash-strapped STX Offshore & Shipbuilding has lined up a debt-for-equity swap worth KRW 1.89 trillion ($1.78bn).
Awilco in the red again Awilco LNG fell to a third consecutive quarterly loss despite welcoming two newbuildings to its fleet.
More cash for Vyborg Russia's Vyborg Shipyard has fixed up another loan to finance icebreakers.
SNCM rejects STX order French owner SNCM's vital fleet renewal is in jeopardy after its supervisory board voted against an order for two new ro-paxes.
TIL plans Oslo IPO Tanker Investments Ltd (TIL) on Wednesday unveiled plans for a listing on the main Oslo Stock Exchange.
Zhongchang chops bulker China's Zhongchang Marine has cut a bulker order in half in an "uncertain market."
Chemoil to go private Glencore Xstrata is looking to take bunker supplier Chemoil Energy private in a deal announced late on Tuesday.
Nam Cheong ends on high Nam Cheong has continued its impressive performance in 2013 with a 42% jump in fourth quarter net profit.
Pacific in clover Pacific Radiance has made a strong end to the fiscal year with a near seven-fold increase in its fourth quarter profit.
Matson in the money Matson turned in a fourth-quarter profit Tuesday but a dispute over US government contracts took a toll on its bottom line.
Matson profit hit by nearly $10 million from lawsuit settlement The lawsuit, filed in 2010, accused carriers of violations of the federal False Claims Act because ocean freight fuel surcharges were imposed on portions of military household good shipments that moved in part by rail or truck.
Hong Kong budget makes third runway a priority The development of a third runway at Hong Kong International Airport has a large part in the Hong Kong government's 2014-2015 budget, according to a statement released by the country's chief executive.
Construction begins on LNG-powered ships for TOTE
BNSF Logistics to manage wind turbine components in West Texas
CN unveils private car integration offering
U.S. exports support 11.3 million jobs in 2013 A report from the Department of Commerce released Tuesday shows that exports are supporting more jobs now than at any time in the past 20 years.
Commerce, eBay team up on trade
Report: Inadequate funding exists for local transport projects In addition to dwindling monetary support, the report found that counties are confronted with a limited number of ways to generate revenue amid quickly rising costs for transportation projects.
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