Top China ports see February throughput fall, volumes at Hong Kong and Shenzhen drop in double-digits
Songa Offshore counter-claims against shipbuilder DSME
Panama Canal to restrict draught as drought lowers water levels
Daiichi Chuo Kisen Kaisha submits rehabilitation plan Japanese bulker operator Daiichi Chuo Kisen Kaisha has submitted its rehabilitation plan to the Tokyo District Court. Since 9 March, when the company announced it had secured investments from the local shipping community, Daiichi Chuo said it has secured additional funding and could...
KDB and four other South Korean policy banks to establish ULCS fund The Korea Development Bank and four other South Korean policy lenders plan to establish a USD1.2 billion fund to assist struggling South Korean shipowners to acquire ultra-large container ships (ULCS). The quintet - KDB, its subsidiary KDB Capital Corporation, Export-Import Bank of Korea (KEXIM),...
Asia's largest crude oil terminal officially completed in Ningbo, China Asia's largest crude oil terminal in Ningbo, China, with an annual capacity of 18 million tonnes of crude oil, has passed its official completion review. Located in Daxie port area of Ningbo-Zhoushan port, the berth is 490 m...
POSH sues Makamin Offshore over late payment Singapore-listed offshore services provider PACC Offshore Services Holdings (POSH) has sued Saudi Arabia's Makamin Offshore over late payment of USD6.6 million for the charter of three offshore supply vessels (OSVs). The legal action was initiated by POSH wholly owned subsidiary POSH Semco for...
Some relief for bulkers after dry January for orders Dry bulk vessels made up the largest share of ships delivered into service in January. While this is bad news for a struggling sector plagued by overcapacity, IHS Maritime and Trade data shows scrapping for dry bulk vessels has been high and new orders of bulk vessels have been all...
Executives cite bottom, analysts cite bottom duration It was déjà vu at the Capital Link conference in New York on 21 March as executives argued that dry bulk is now so depressed that there is nowhere to go but up - the same argument...
Australian food exports to China could top ore and coal, bank study finds Fruit, food, meat, and grain could replace iron ore and coal as Australia's main exports to China within the next two decades as food shipments grow exponentially while demand for bulk commodities drops off, according to...
Minoan results surge after cost reductions Grimaldi's Greek affiliate confirms Hellenic Seaways stake has grown to over 44%
Pre-Easter push sends supramax rates to year-to-date highs Owners still have upper hand as ECSA trades lead rally
Diana Shipping scores 100% finance for panamax duo Third of panamax trio being acquired from chief executive's family remains subject to lending
Highstar seeks new outside investors for Ports America Capital infusion would help stevedore and terminal operator expand in the US, where ports are in urgent need of equipment and infrastructure upgrades
Suezmax and aframax rates choppy as March rally slows Market participants adjust to spring refinery maintenance and easing supply disruption
Ocean carriers lay down law on VGM AgTC hits back at 'inflexible' options
Topaz results marred by impairments and restructuring costs Weak Middle East and Africa performances drag down stronger core operations in the Caspian region
Kanfer Shipping and Swedegas hatch plan for LNG mini-hub Kanfer is conducting a preliminary study on the LNG project
DFDS opens new Dunkirk terminal Ship loading times cut for ro-ro services across the English Channel
China Ocean Shipbuilding Industry Group changes name and establishes joint venture Joint venture to provide energy-related services in Jiangxi province
Chang son exits Evergreen board New director replaces late founder Chang Yung-fa at Evergreen Marine
Carnival to start US-Cuba cruises Group has secured berthing approval to initially call at Havana, Cienfuegos and Santiago de Cuba
PACC Offshore takes legal action against Makamin Offshore POSH looking to recover approximately $6.6m from Makamin
Banks' wariness of could get even worse Alternative lenders say bank lending will be harder to come by in coming years.
Seaborne ethane to Brazil to begin in 2017 Chemical firm announces deal to import US-sourced ethane
Banks growing more wary of ship finance Alternative lenders say bank lending will be harder to come by in coming years.
Official gives glimpse of maritime strategy Deputy maritime administrator reveals goals of long-awaited effort but full details still caught up in bureaucratic review.
Seaborne ethane to Brazil begins 2017 Chemical firm announces deal to import US-sourced ethane
Franklin back again for Clarksons shares Investor mopped up more stock in the giant shipbroker as ex-Platou investors sold down.
Goodgal plays grim reaper at CMA Bearish finance man makes analyst's forecast of sub-$10,000 day rates into 2018 look like rosy assessment of dry bulk's future.
UK stretches P&O research ship deal Environmental science agency adds another two years to contract for Cefas Endeavour.
TUI signs fifth casino deal with Century A newbuilding owned by the company's UK brand Thomson Cruises will feature a casino onboard.
DHT chief executives net bigger bonuses after profit spike Payments to co-chief execs rises as owner reaps rewards of previous expansion moves.
End-of-term problem for PSVs Broker Westshore says no light at end of tunnel for supply ships, with more layups likely as units come off charters.
Benchmarking not right for tanker owners Denis Petropoulos tells the CMA conference that companies need to gauge suppliers instead of peers.
Diana funds two of three panamaxes Simeon Palios-led owner nets loan from ABN Amro for two bulkers bought from chief executive's daughters.
Japanese bulker 'hits object' in US Damage to Santoku Senpaku ship to be assessed after incident in Columbia River.
Belgian ports operate as normal after attacks Maritime trade unaffected following deadly blasts in Brussels but port controls intensify.
UBS cuts Dorian amid revised rates view Analyst also lowers target price and redraws asset value guidance.
Topaz's 2015 profit plunges 63% Offshore support vessel owner reports lower earnings due to weaker demand in certain areas.
Minister: HMM, Hanjin must stay separate Kim Young-suk reiterates case for not merging Korea's big two shipowners.
Cargoship lists after grounding Crew stops leak as Berge Rederi vessel breached in the bow off Sumarsoyna.
Scorpio and private equity lead US sales New York-listed companies and Oaktree prominent as US asset sales outweigh second hand spending, report says.
Viking Supply tries for bond standstill Meeting convened with investors to buy owner more time to restructure in offshore downturn.
Precious continues fleet renewal Thai shipowner offloads 1995-built handysize bulker, its third such sale in the last four months.
Yantar Shipyard wins research ship order Russian plant to build state vessel for delivery in 2019.
MPC Capital sells out $14m share issue German boxship asset manager places new stock to finance growth.
Cuba clears debut Carnival cruise Giant owner wins approval to run its Adonia to Caribbean island from 1 May.
Gothenburg to expand crude storage capabilities Strategic location between the Baltic Sea and the North Sea said to be generating demand.
Tanker opportunities in the capital dearth Heidmar's Ognibene says lack of capital could put pressure on time-charter rates for newbuilding. Stevensen spots 'fantastic money' in S&P.
Wilson Sons ends 2015 in the black despite tough markets Brazilian port and maritime logistics company helped by robust performance at towage arm.
Tanker chiefs see ongoing strength in crude market Low prices have been the best thing to happen to tankers, panel says.
RUSSIA DATA: Feb fuel oil exports fall 44.6% on year to 2.733 mil mt The trend is expected to reverse in March as netbacks and domestic prices started climbing, denting the attractiveness of fuel oil over gas.
Disruption to bunkering operations at Novorossiisk continues But bad weather set to end at weekend.
Chennai gets permission to sell bunker fuel to outer anchorage vessels Move seen to boost Chennai's competitiveness.
US Gulf Coast MGO bunker prices rise to highest in over two months But market still over-supplied and demand low.
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