Details on duelling OSG plans emerge Bankrupt OSG is backing a restructuring plan proposed by bondholders, not a competing scheme from the creditor committee, new court documents reveal
StealthGas pulls plug on offering StealthGas, the Harry Vafias-led LPG operator, has opted to cancel its follow-on sale of common stock
Scorpio Bulkers upsizes IPO Scorpio Bulkers, which will soon be listed on the New York Stock Exchange, has increased the size of its initial public offering by 68%
Skuld returns to 3Q profit in absence of major claims Skuld, the Oslo based P&I club, has returned to profit in the third quarter of the current underwriting year, helped by the absence of major claims, the company said in a statement
GSL sells notes to pay off banks NYSE-listed Global Ship Lease will sell up to $400M in mortgage notes and use the proceeds to pay off all remaining bank debt
"I'll be back" Harry Vafias says StealthGas will waste little time in reviving an equity issue which has been placed on ice after the departure of the company's chief financial officer.
StealthGas pulls sale Greek owner StealthGas has scrapped a stock offering potentially worth around $109m.
Keppel gets speculative Keppel Offshore & Marine has given the green light to the speculative construction of a new drillship design.
Cosco eyes order spree Bulker splash possible in 2014 as loss-making owner weighs up state's ship scrapping scheme.
Cocaine seized on boxship Anti-narcotics agents in the Dominican Republic have found 250 packages of cocaine hidden in a container on a German boxship.
Tallink offloads one Estonian ferry group Tallink has completed the sale of a ro-pax to its current charterer.
FreeSeas settles up A FreeSeas bulker that was hijacked by pirates nearly two years ago is on the verge of returning to service after insurers agreed to settle a claim over the vessel.
GSL in $400m issue Global Ship Lease has launched a $400m notes issue to cover debt repayments.
Hartmann to expand German shipowning and operating group Hartmann is expanding its project liner services between Europe and West Africa.
CSV score for Solstad Solstad Offshore has secured a fresh period contract for one of its construction support vessels at what is believed to be an improved rate.
Scorpio Bulkers adds to IPO pot Scorpio Bulkers has thrown another $115m of shares into the ring for its New York IPO as it raises funds to finance newbuildings.
Adriatic expanding fast Adriatic Marine is adding another six vessels to its fast growing offshore supply vessel fleet.
Eletson eyes $290m sale Greece's Eletson Holdings is aiming to raise $290m from a sale of notes.
DNB sees VLGC spike VLGC rates could hit a whopping $300,000 per day in 2015 aided by the widening of the Panama Canal, DNB Markets says.
CSCL raising more cash Loss-making Chinese container line CSCL is plotting a stock sale to raise more money.
Coastal orders pile up Malaysia's Coastal Contracts has landed its fifth offshore shipbuilding contract of the year.
LD strengthens in Spain France's LD Lines is boosting its Spanish sailings as freight traffic rises.
Bourgas lays off workers Bulgaria's Bourgas Shipyard has laid off all its employees without notice.
Zhongchang wins hand-out China's loss-making Zhongchang Marine has won a government subsidy to tide it through tough markets.
Breakers unmoved Chinese shipbreakers expect to see little benefit from the government's new scrapping subsidy.
Vopak in LPG investment Vopak has confirmed that it will invest in Southeast Asia's first independent LPG import facility in Singapore.
Skuld back in black Norwegian P&I club Skuld has booked a profit of $31m in the third quarter reversing a year-ago loss of $2.2m.
GASS loses another CFO StealthGas, which is in the middle of a fund raising exercise, has seen its chief financial officer of three months quit the company.
Vallianz eyes Islamic trust Vallianz says it is exploring options to set up an Islamic trust certificate programme to "broaden and deepen its investors' pool".
DOT deputy secretary steps down John Porcari, who has served as the deputy secretary of transportation for four and a half years, is stepping down at the end of the year, and Victor Mendez will take over as acting secretary.
Ports may cooperate in face of P3 Network The South Carolina State Ports Authority's James Newsome said he hoped the P3 would be approved in some form, but said ports that are in close proximity may file agreements with the FMC to create "a reasonable conterveiling power."
Analyst: U.S. airport funding model must change The former president of ACI - North America laid out a path for increased infrastructure spending that would eliminate the federal grant program for the largest 30 airports by 2016 and raise the meager passenger ticket tax.
Comments on G6 Alliance expansion invited The G6 carriers - APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, NYK, and OOCL - filed their agreement on Dec. 2, and it is slated to go into effect Jan. 16 unless the FMC delays that date by asking for additional information.
Air freight growth will slow over next five years International freight volumes are expected to grow 17 percent over the next five years, according to the International Air Transport Association's "2013-2017 Airline Industry Forecast."
Fitch: Domestic infrastructure to be 'stable' in 2014
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