China-Japan ship management venture forming CHINA Energy Transport Investment is setting up a ship management venture in Hong Kong with Japan's MOL
Bond proceeds to repay loans in China CHINA'S Evergreen Industries Holding Group, parent of Sinopacific Shipbuilding, today issued a 400M yuan ($64M) short-term financing bond
STX Pan Ocean predicts recovery in 2013 STX PAN Ocean has said the steps it is taking to revive its profitability are making a 2013 recovery imminent
NS United KK cancels timecharters JAPANESE shipowner NS United Kaiun Kaisha said it is cancelling some timecharter agreements prematurely to minimise losses
Slowing GDP Growth Dampens China Truck Market Chinese sales of heavy-duty trucks declined in the third quarter of 2012, a reflection of slowing manufacturing and overall economic activity in Asia's largest trading center, according to ACT Research. The 7.4 percent growth in GDP for the quarte rwas the slowest rate since 2009, according to a recent report issued...
UK Mulls Accelerating Royal Mail Sale The government of the United Kingdom is mulling accelerating the privatization of Royal Mail to as early as 2013 in what would be the biggest sale of state assets since the railways were sold to private investors in the 1990s. A flotation of the state-owned mail company on the London Stock...
Hapag-Lloyd-Hamburg Sud Merger Faces Hurdles The planned merger between Hapag-Lloyd and Hamburg-Sud is long overdue, but the outcome of negotiations is far from certain, according to industry analyst Alphaliner. The Hamburg-based carriers resume negotiations, which started in the summer, in the new year with the aim of reaching agreement by the end of the first quarter...
Textainer buys majority stake in managed box fleet Textainer Group, the world's largest lessor of intermodal containers, has paid USD78 million for a majority interest in a 99,000 TEU container fleet that it previously ...
US east coast 'container cliff' averted An 11th hour 30-day contract extension agreed between the International Longshoremen's Association [ILA] and the employer's US Maritime Alliance [USMX] will see ...
Outbreak on Cunard ship More than 200 passengers and crew on Queen Mary 2 stricken with vomiting and diarrhoea.
Kulluk back under tow Shell's Kulluk drilling rig is back under tow off Alaska but the three-day drama continues as strong weather continues to cause trouble.
HFW partner killed Leading maritime lawyer Bill Kerr has died in the Philippines.
Top cuts loss Evangelos Pistiolis-led Top Ships has seen its half year loss cut considerably.
Rig claims victim A rig which tilted and resulted in 90 people being rushed to hospital earlier this month has now claimed a fatality.
Big finish for Mipo Hyundai Mipo Dockyard has ended 2012 with a bang after scooping an order for 10 products tankers.
Seachange scraps boxship Seachange Maritime has tossed one of its container vessels on the scrap heap, it is claimed.
HHI orders slide Seoul-listed Hyundai Heavy Industries recorded a 23% drop in orders for 2012 booking new contracts worth a total of $19.49bn for the year.
Pirate trio jailed Three pirates have been sent to a Somali prison after being convicted of hijacking the Iceberg 1 and its crew.
Samsung deal gunned Samsung Heavy Industries has seen an FPSO newbuilding order shot down by funding difficulties.
Textainer buys into box owner US container lessor Textainer has acquired at 50.1% stake in Bermuda-based box owner TAP Funding in a deal worth $78m.
China Merchants buys Djibouti stake Hong Kong-listed China Merchants Holdings has acquired a 23.5% interest in the Port of Djibouti for $185m.
Singamas issues profit warning Hong Kong-listed container manufacturer Singamas Container Holdings says it expects to report a substantial decline in profit for the year ending 31 December 2012.
U.S. airports see domestic cargo growth Recently released cargo results for the international airports at Miami, Dallas/Fort Worth and Los Angeles paint a picture of revived domestic air freight in the waning months of 2012, with a big boost coming from mail.
Shutl brings same-hour shipping to U.S.
U.S. loan to support Australian LNG project
ITC to update U.S. import restraints report
Dulles airport inspection unearths khat in cargo
ITC continues silica brick import investigation
Panama Canal expansion about 50% completed The Panama Canal Authority said Monday that the expansion of the waterway, begun five years ago, is now about half completed, and the official date for the completion of the expansion project remains October 2014.
American pilots approve MOU, pave way for merger
Chinese box maker looks to U.S. for funds
U.S. shrimpers claim damage from subsidized imports A coalition of shrimp producers in the Gulf region filed a petition with the ITC on Friday asking for imposition of countervailing duties on imported shrimp from seven countries because of alleged unfair subsidies.
Commentary: A watchword for 2013 New tile-based dashboards allow users to quickly configure a system to meet their needs, while allowing developers to update particular functions of a broader system on the fly. It really gets to rethinking the bare bones of a system.
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