Viking Supply Ships posts $18m loss for first half of 2016 Debt restructuring agreement with bondholders looms
Supramax bulkers rise to 11-month high Spot fixture reportedly reaches $17,000 per day
Delivery conundrum crunches CSSC Holding's bottom line 'The difficulty in delivering newbuilds has become a core problem that destabilises our development,' claims company.
Beware of borrowing temptation, warns tanker owner Hansson Will Mr Hansson continue to follow his own 'haughty' advice if downturn bites further into NAT's dwindling profits?
Greeks and Chinese prop up bulker values Secondhand bulker prices show strong recovery since the first quarter on cargo demand optimism
Can IUMI lift the gloomy mood? Brexit off the agenda as industry group meets in Genoa to discuss continuing tough market conditions
Spate of casualties raise questions over car carrier risk pricing Insurers now asking questions about vessel design
Cyber risk moves up marine insurance agenda Shipowners and ports alike could face threat
Charter owners blast KDB move to end Hanjin support Exclusive: We all supported company on basis of deal with state bank, says Danaos
Seaspan's Gerry Wang rules out charter rate cuts for Hanjin Shipping The sooner the better for a merger between Hanjin Shipping and HMM, says Seaspan chief executive
Braemar clamps down on costs Cuts are a direct response to lower activity, says chief executive
Samskip buys Euro Container Line to grow in Norway market Annual Norway volumes to grow to 90,000 teu from 55,000 teu
Nordic Shipholding sees first half profit loss Revenue outlook for 2016 declines
Mitsubishi Heavy Industries eyes partnership with three compatriot yards Group plans to discuss measures to improve competitiveness of local shipbuilders
17. Tanjung Pelepas (Malaysia) Throughput 2015: 9,120,000 teu, up 7.0% (2014: 8,523,935 teu)
Hanjin Shipping to receive no more assistance from creditors Shipping line could file for court receivership if financial improvement plan deadline passes
ASL Marine to raise $18m via rights issue Net proceeds to go towards company's capital requirements
K Line enters into car carrier cargo handling joint venture in India Move would help develop K Line's logistics business in growing economies surrounding Asia
BW Offshore reports $4.4m second-quarter loss Targets 10%-15% reduction in offshore staff to cut costs
Chevron signs China LNG deal, sticks to fleet upgrade plan Oil major in fleet modernisation mode with 13 new ships in 2013-2017 period
Rand Logistics announces covenant waivers deal with lenders Decision comes after company failed to adhere to debt-to-earnings ratio requirements on two bank loans
Nigeria, rebels move to end oil sabotage Government and militant groups signal more interest in talks aimed to revive export activity.
CGG sets up Ghana seismic joint venture Agreement with Gosco to operate fleet of vessels in emerging oil and gas exploration market.
Armed robbers board bulker off Peru Pirates sent fleeing after holding crew member hostage at gunpoint.
Summertime blues: new 2016 low for VLCCs Spot earnings for large tankers plumb depth not seen since October 2014 as charterers focus on 'compromised' tonnage.
Eagle Bulk shares pull back from surge Shares lose 12.4% in second day of decline since Friday's spectacular jump.
US analysts play down threat from Hanjin Stifel's Nolan says Seaspan facing minimal impact, while Evercore's Chappell says Navios would not be impacted 'too meaningfully'.
Stifel shrugs off Seaspan exposure to Hanjin New York-listed containership owner to face 'minimal impact' from South Korean operator's woes.
Shin Yang increases annual earnings Malaysian liner and shipbuilding player benefits from more vessel deliveries.
Latvian Shipping falls to first-half loss Riga products tanker owner hit by fleet impairments and forex losses in the first half.
Tanker giant CSDC more than doubles profit Chinese owner makes good on forecast to push first half earnings above $200m.
Search called off for missing engineer Brazilian authorities suspend rescue operations so efforts to locate seafarer rely on Golden Flame and P&I Club.
Fratelli d'Amato denies layup report Italian owner says final active PSV is still available for prompt work in North Sea.
Dry dockings dent HUBLine's result Malaysian owner posts bigger loss as it expects to exit its container business by the end of 2016.
Chevron aims to create LNG spot market Latest pact signed between oil major and ENN could shake up the LNG chartering business model.
SCI wants second-hand suezmax Indian state owner advertises for tanker of up to 11 years of age to expand fleet.
Seabourn faces lawsuit over passenger death Case alleges woman who died after falling off cruiseship was not protected from threats posed by another passenger.
Hansson positive on tanker outlook NAT CEO says growing demand and few new orders will be of long-term benefit.
Viking Supply Ships racks up $13.9m loss Offshore vessel owner turns red in the second quarter shortly after reaching an agreement with bondholders.
'Marked slowdown' prompts Braemar profit warning London-listed shipbroker is also looking at human resources costs at its dry division.
Reach Subsea remains in profit Norwegian owner hails positive second quarter result in "extreme" market conditions.
BSS in first forecast revision since 2008 London-listed shipbroker is also looking at human resources costs at its dry division.
Rand Logistics wins waiver and debt deals Great Lakes shipowner loosens restrictions of covenants following default earlier this month.
Creditors pull the plug on Hanjin Shipping Korean owner will receive no more help from banks as final restructuring plan deemed insufficient.
Japanese shipyards in talks over closer ties Further deterioration in market conditions prompt discussions about forming new alliances.
Steady as she goes at Nordic Shipholding Danish owner sees little change in performance from a year ago as ships complete pool switch.
Statoil returns Atlantic Offshore anchor handler Veteran vessel heads for lay-up after Norwegian oil major opts not to extend charter.
Impairments dog Farstad's second quarter results Norwegian offshore vessel operator sees particularly bad performance in Asia Pacific region.
ASL Marine set to undertake rights issue Singapore offshore shipbuilder looks to bolster balance sheet with heavily discounted share sale.
COSCO posts $1.1b loss in first half 2016 China COSCO Holdings Co. reported a net loss of 7.21 billion yuan renminbi (U.S. $1.1 billion) in the firs half of 2016 compared with a 1.9...
Honeywell wraps up Intelligrated acquisition Honeywell on Tuesday said it has completed a $1.5 billion purchase of Intelligrated, an information technology specialist in supply chain a...
California bans state funding of coal projects The state of California has passed legislation banning the state from providing transportation funding for the construction of expansion of...
Drewry projects growth in the leased container equipment fleet will slow London-based shipping research and consulting firm Drewry projects the global leased container equipment operating fleet will increase by a...
Rand Logistics gets reprieve from creditors Rand Logistics has completed agreements with lenders to amend prior credit agreements and waive certain default events in an effort to stay...
Prince Rupert clears space for terminal expansion The Port of Prince Rupert said Monday it will spend $16 million to relocate a maintenance building and construct a warehouse off the wharf ...
Hanjin's creditors say no to more funding The future of Hanjin Shipping looks grim, with numerous media outlets reporting lenders are refusing to extend additional credit to South K...
'K' Line sets up cargo-handling joint venture in India "K" Line has set up a cargo-handling joint venture in Mumbai, India that will initially handle car carriers, but will eventually include ot...
Commentary: BI tools for monitoring or decision-making? Business intelligence (BI) tools are all the rage these days because they are designed to help users make better sense of all the data gene...
Primorsk September ULSD exports to fall to 880,000 mt: traders The Northwest European diesel cargo market has been supported in recent days by a reduction in Baltic supply, as well as a respite in US Gulf Coast arrivals in the final week of August.
US Gulf Coast distillate exports to Europe total 1.77 million mt in August The inbound clean products are set to arrive in European ports in 42 cargoes, with 13 of these heading towards Mediterranean destinations.
Oil futures decline after US economic data sparks dollar rally The stage was set for US economic data to move markets since last Friday when Federal Reserve Chairman Janet Yellen said the case for raising interest rates had strengthened.
External: Praxis Energy Agents S.A
External: Wired Bunkering
TRADER NOTE: Veteran fuel oil trader Davy Choo leaves Glencore Singapore Choo had been with the company for more than three and a half years.
Tankers shell out extra insurance costs amid escalation in West Africa piracy Additional premiums have to be paid by shipowners if their ships move through, load or discharge cargoes from this region, Intertanko's London-based Marine Director, Phillip Belcher, said on the sidelines of the International 'Safety at Sea' conference in Singapore.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
