Company results round up Free to read: Keep up to date during earnings season with our daily summary of financial reports
Cash rich Maersk calls for realistic box trade forecasts EXCLUSIVE: Ordering new ships not the solution for weaker players, Maersk boss warns
Aegean Marine Petroleum lifts profits in 2013 Sales fall but bunker provider sees signs of stronger market this year
'Our charterers need our ships', says D'Amico's Fiori But the Italian product tanker boss sees challenges on the horizon
Avance Gas beats expectations as VLGCs pull in robust rates Average earnings of $43,200 per day
Shipping finds funding from new sources Norton Rose Fulbright survey reveals improved industry optimism
A victim of its own success Maersk expects 2014 result to match 2013 but that guidance hides a brilliant performance
Maersk includes tankers in its core strategy Does this signal a turnaround for a division now focused only on the product segment?
MSC closes in on Maersk as the Danish line curbs its fleet expansion The battle to improve boxlines' balance sheets shifts to vessel utilisation
Maersk share price slips as company issues cautious outlook for 2014 But analysts say the market may perform better than predicted
Tax settlement pushes Vale to a record quarterly loss Brazil miner sells less iron ore to China and predicts 'less buoyant' steel industry demand
Frontline 2012 targets New York capesize listing Forming a 'cape-yield', low leverage company will tap stronger dry bulk fundamentals
D'Amico moves into the black Italian product tanker owner sees strong signs of improvement for product tankers
Taking stock of SOx Free to read: Lloyd's List's sulphur survey seeks opinions from across the maritime industries
Maersk Line profits soar but parent group's bottom line stays flat Liner business has reaped the rewards of its efficiency drive
Yangzijiang poised for foray into ultra-large boxships and VLGCs Chairman Ren 'confident' yard will be invited to bid for future 13,000 teu-16,000 teu orders
Pacific Basin Shipping ends 2013 with a $1.5m profit Strategic priority for 2014 is to selectively acquire handysize and handymax ships
RBS reports a four-fold increase in shipping impairments to $567m Bank posts record losses and has halved its lending to the Greek market in a year
Safe Bulkers wins $32m arbitration award for cancelled capesize New York-listed owner unveils better than expected fourth-quarter results
STX O&S issues $1.8bn new shares to creditors Cash-strapped yard launches another round of debt-to-equity swaps
APM Terminals posts 9.8% rise in net profits Parent AP Moller-Maersk forecasts above-market growth and better productivity
Frontline 2012 maintains its focus on fuel-efficient newbuildings Company is bullish about opportunities for the crude tanker segment
Damco reports in the red for 2013 Ocean freight volumes decline compared with overall market growth
Maersk Line profit driven by better fleet utilisation, says Andersen Capacity up just 0.2% despite cargo growth of 4.1%
Transatlantic seeks additional cash to continue restructuring Swedish offshore and shortsea firm seeks further rights issue as volumes continue to fall
Frontline shrinks its fourth-quarter loss Improved rates environment could evaporate with capacity increases, says tanker operator
Finnlines reports deeper pre-tax losses But positive tax effects flatter ro-ro outfit's income statement
Toepfer sees mood lifting in Hamburg Free to read: Ship finance conference comes at time when bargains abound
Maersk Line trebled profit in 2013 Maersk Line more than trebled its net profit, to $1.5Bn in 2013 from $461M in 2012, thanks to network efficiencies that reduced unit costs and lowered bunker prices
Frontline 2012 open to investment Commodity shipping company Frontline 2012 has left the door open to increase its exposure to the crude oil tanker market on the back of a recovery in freight rates
Frontline optimistic for 2014 Frontline, the listed VLCC and Suezmax operator in John Fredriksen's business empire, says that the recent rise in freight rates should give better operating results in 1Q14
Frontline 2012 targets Capesize listing Frontline 2012 says it targeting a New York listing of its Capesize business by the 3Q of 2014
Maersk Line expects $1.5Bn profit in 2014 Maersk Line, the container shipping unit of the A.P. Moller-Maersk (APM) Group based in Copenhagen, expects to repeat the $1.5Bn net profit it achieved last year in 2014
Better infrastructure tops rail priorities Volumes of cargo carried by rail are expected to increase during the next two to three years, according to a survey issued by law firm Norton Rose Fulbright
Survey predicts shipping skills crunch ahead Shipping companies do not regard investing in employee skill levels as a priority, despite widespread concern over the shortage of suitably skilled employees across the transport sector, a survey has found
BW Offshore raises NK750M BW Offshore, the Oslo listed floating production, storage and offloading (FPSO) unit operator, said in a statement that it has raised NK750M ($129M) through an issue of five year bonds
Antwerp finishes rail cargo tunnel The port of Antwerp has completed work on a rail freight tunnel connecting the left and right banks of the River Scheldt
100 Percent Container Scanning for US-Bound Cargo Remains Elusive WASHINGTON - The U.S. Department Homeland of Security has until July to meet a federal mandate requiring all U.S.-bound containers to be scanned at nearly 750 foreign ports. DHS isn't going to make it. Instead, Congress will likely grant the agency an extension like it did in 2012, when it gave...
YRC Worldwide Cuts 2013 Loss to $83.6 Million With a new five-year labor contract in place and five years until long-term debt comes due, YRC Worldwide is prepared to focus on improving service, lowering cost and balancing the network at struggling long-haul subsidiary YRC Freight. As of today, YRC Freight has a new president, Darren Hawkins, formerly senior vice...
Maersk Profit Drops in Fourth Quarter, But Triples for Full Year Maersk Line today posted a lower profit for the fourth quarter of 2013, but its full-year profit tripled, thanks to higher volumes and steep cost cuts, which offset lower freight rates. The world's largest container line earned a fourth-quarter profit of $313 million, down 6.5 percent from $335 million in the...
Technology Helps Combat Effects of Slow-Steaming on Perishables Container carriers and shippers of refrigerated cargoes, facing slower transit times and more distant markets, are looking to high-tech solutions from container manufacturers. "Some of our customers are asking for more technology to help offset longer transit times," said Jim Taekens, senior product manager for Carrier Transicold. "I think it is...
Seattle, Tacoma Container Decline Contrasts With Virginia's Growth Port of SeattleThe ports of Seattle and Tacoma saw year-over-year drops in container volumes in January, while the Port of Virginia recorded a 5.4 percent gain in TEU traffic, led by "strong" exports. Ports of Tacoma and Seattle Combined container volume at the ports of Seattle and Tacoma fell 10.6 percent in...
Houston Port Prepares for Anticipated Growth in Volume Port of HoustonHouston has a problem, but it's a good one to have. The biggest challenge for the Gulf of Mexico's dominant container port may be expanding its facilities quickly enough to stay a jump or two ahead of demand. "We've had shippers come to our office and ask if we'll...
Chassis Chokepoints It would be a convenient story line to link one of the major reasons for this winter's gridlock at the ports of New York-New Jersey and Los Angeles-Long Beach to deficiencies in infrastructure. But the topic that yielded seaports a rare mention in last month's State of the Union address...
Shippers to See New Standards for Better Container Visibility While large ocean shippers can get information about where their containers are on the high seas or elsewhere in their supply chains through electronic data interface with their ocean carriers, small shippers who don't have EDI are often left in the dark. That may be changing now that INTTRA, the multi-carrier...
Bearish on exports Seacor Holdings is betting that the United States will not export its crude, the ship owner's chief executive said today.
Jack Frost bites Aker Philly Aker Philadelphia Shipyard is firing on all cylinders following an avalanche of newbuilding orders but a recent series of powerful snowstorms has proven problematic for one of its projects.
Grounding probed in US The US Coast Guard is investigating the brief grounding of a handysize bulker in Virginia's Elizabeth River.
Genco 'another Torm'? New York-listed Genco Shipping & Trading could end up looking like Danish products tanker owner Torm as a result of its restructuring negotiations, a bankruptcy lawyer projected today.
Subsea boosts Dof Norwegian offshore vessel owner Dof enjoyed a bumper end to 2013 thanks to its subsea division.
Grimaldi gets its right Finnish ro-ro owner Finnlines has returned to profit in the fourth quarter under the leadership of new CEO Emanuele Grimaldi.
SFL deletes duo Ship Finance International has pulled the plug on two containership newbuildings under construction in China, it announced today.
Bergen back in business Bergen Group is seeing a reversal in financial fortunes as its deep restructuring begins to pay off.
Taxman aids Solvang A tax gain has helped gas carrier owner Solvang to a better profit in the fourth quarter.
d'Amico set for resales d'Amico International Shipping is set to enter the market for products tanker resales.
Eidesvik hit by forex swing Currency swings have blotted Eidesvik Offshore's fourth quarter and final year earnings report.
This one's for you AP Moller-Maersk CEO Nils Andersen has revealed the group's big share giveaway is a means of allowing employees to invest by lowering the price.
Avance in final flourish A strong showing from its VLGCs has seen Avance Gas record a vastly improved fourth quarter profit.
RBS shipping impairments hit $567m Royal Bank of Scotland (RBS) has revealed a steep increase in shipping impairment losses for 2013.
Bonheur turns red Olsen family holding company Bonheur has posted a loss in the fourth quarter as depreciation and impairment charges increased.
RABT pain goes on Shares in Rederi AB TransAtlantic tumbled today after the Swedish shipowner announced another share sale and further job cuts amid deep losses.
Wilson turns it around Norwegian mini-bulker owner Wilson has returned to profit in the fourth quarter as currency exchange gains boosted its result.
Pac Basin's $800m binge Pacific Basin Shipping splashed out $800m on fleet expansion in 2013 as the dry cargo market endured its worst year since the mid 1980s.
Grindrod earnings jump South African shipowner has seen net earnings rise for 2013 despite a fall in revenue.
Investments drive Milaha Stock market investments propelled Qatari shipowner Milaha to a 14% jump in profit last year.
Schettino back on board Former Costa Concordia captain Francesco Schettino is returning to the wreck of the cruiseship off Italy for the first time as his manslaughter trial continues.
Still red, no warning Frontline has reported a worse than expected loss for the fourth quarter but the picture is looking brighter for the tanker owner.
ITC posts deeper loss Independent Tankers Corporation (ITC) fell to a deeper loss in the final leg of 2013 despite higher revenue as costs rose.
Ross defends funds Critics are off base in blaming private equity for inflating newbuilding orders and threatening market recovery, billionaire Wilbur L Ross claims.
FRNT warms to crude John Fredriksen's flagship company Frontline 2012 has expressed an interest in expanding its crude tanker portfolio for the first time having amassed a huge orderbook in other sectors.
Stena buys Celtic Ferries Sweden's Stena Line has bought the Irish Sea ro-pax operator Celtic Ferries.
Maersk in bonus bonanza Danish owner AP Moller-Maersk is preparing to reward investors with a massive stock hand-out.
AP Moller-Maersk earnings cut Danish shipping giant AP Moller-Maersk has seen net profit chopped by 6% in 2013.
Hapag eyes intra-Asia Hapag Lloyd is due to launch a new Japan - Singapore - Jakarta (JSJ) liner service from the middle of next month.
Sweet spot for Swiber Swiber Holdings has reported record revenue and net profit for the second consecutive year-running.
Yangzijiang profit eases Yangzijiang Shipbuilding has seen its fourth quarter profit decline by 8% amidst the challenging operating environment for Chinese yards.
RIG opts for Sembmarine Transocean has opted for Singapore's SembCorp Marine for its multi-billion dollar drillship newbuilding spree.
Aegean profit doubles Aegean Marine Petroleum has seen its fourth quarter 2013 profit come in more than double that of a year ago.
Safe beats Street Safe Bulkers reported a fourth-quarter profit Wednesday that topped most Wall Street forecasts.
Maersk Group boosted by container shipping, terminal units The A.P. Moller-Maersk Group, helped by strong performance from its Maersk Line container shipping business and APM Terminals business, reported a profit of $3.78 billion in 2013, down from $4 billion in 2012.
INTTRA, GS1 US announce collaboration INTTRA announced today that it will collaborate with GS1 US, an information standards organization, to develop and implement containerized shipping data exchange guidelines for supply chain and logistics.
CargoSphere to release SUDS 2.0
Desiccant maker Clariant keeps cocoa beans dry
Cathay Pacific adds cargo service to Ohio
MacGregor buys Deep Water Solutions
Soy shippers explore political fix for Highway Trust Fund The Soy Transportation Coalition thinks it might have a solution for overcoming the political fear in Washington of raising taxes: addition by subtraction.
Obama floats transport plan, Rep. Mica slams bigger gas tax
DOT now receiving applications for TIGER funds Congress included the Transportation Investment Generating Economic Recovery (TIGER) money, a 20-percent increase from last year's $474 million appropriation, in the omnibus spending bill for the current fiscal year.
Bunker prices head down in Fujairah IFO prices flat in Suez.
Prices rise across Europe LS product remained tight in Rotterdam, according to reports.
Maersk: Cutting emissions makes economic sense Saving fuel works economically and environmentally, says carrier.
Maersk fears unfair competition from lax 2015 policing Tougher sulphur regs need enforcing to make them work.
ARA supplier: Target cargo traders and refiners to improve quality Says the cargo traders market relies on for product push specifications to the absolute limit.
Trader quits Lukoil Exit is from company's Rotterdam office.
Charleston backs shore power Residents say Carnival ship main source of air pollution.
Major survey shows growing optimism in shipping Expectation of better freight rates ahead as more funds become available for investment.
Maersk Line yearly profits soar Lower bunker prices and consumption helped lift profits.
Asian bunker market softening Prices falling across region's key trading hubs.
Bunker tanker to undergo repairs Tanker currently operating in Bulgaria.
US consortium to examine use of lightweight metal in shipbuilding Research partly funded by US government.
Shipping firm to test fuel cell system System aimed at ship in port.
Fijian government to triple bunker levy Move aimed at foreign fishing vessels.
'Fuel efficient' vessels chartered before launch Bulkers to be built at Chinese shipyard.
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