OSG fights for more time on bankruptcy exit Creditors push for reorganisation plan by January 31
Kühne calls for a higher German stake in merged Hapag-Lloyd/CSAV Key shareholder is said to back a deal in principle despite voting no to a 70/30 split
New VLCC orders were not placed on impulse, says DHT Orders support New York owner's long-standing plans for growth
Zodiac Maritime orders six 10,000 teu ships for HMM charter Hyundai Merchant Marine will charter all DSME-built ships for 12 years
Sovcomflot secures $300m to buy ice-class LNG carriers Banking consortium backs tonnage for long-term charter to Gazprom
Shippers demand urgent action on surcharges GSF says charges do not 'reflect the real costs of the alleged services provided'
Improved vehicle fuel efficiency hits US gasoline imports Declining product tanker trade is likely to fall further
CNCO closes in on Pacifica Shipping acquisition Conditional sale and purchase agreement signed for New Zealand coastal operator
Los Angeles reports 17% box throughput rise for November Top two US container ports post divergent trends this year
South Sudan's internal conflict creates fear of crude tankers disruption Oil production could face a new threat if fighting spreads after military coup attempt
European Bank grants $92m loan to Turkey's Asya transhipment hub Global Terminals Ltd and Soyuer family develop new box terminal at Barbaros
ESPO urges rethink on LNG provision European seaports body ESPO has called for the restoration of 2020 as the deadline for the installation of LNG bunkering facilities at 'core' European Union ports
Sit-in seafarers demand pledge on SNCM ships Protesting Corsican seafarers have occupied a ship and insist they will stay there until the owner, struggling French Mediterranean ferry company SNCM, is replaced by a new locally sponsored company
Alphaliner forecasts record box ship deliveries Container ship deliveries are set to outstrip vessel withdrawals by three to one this year and can be expected to grow even faster next year, according to liner trades analyst Alphaliner
Leniency of Costa sentences challenged Italy's supreme court is to review whether prison sentences given to four Costa Cruises crew members and one shore-based executive were too lenient
EIA: US crude imports to continue slide America will slash crude imports even more than previously expected, according to a new forecast by the Energy Information Administration
Sigma courts Conti A campaign to preserve the size of Heidmar's afrmamax and long-range-two (LR2) product tanker pool appears to be bearing fruit.
Owner in Pemex sweet spot Mexico's Naviera Integral has emerged as the lone bidder to charter a pair of fast supply vessels to Petroleos Mexicanos (Pemex) in deals worth $25.6m.
Disposals prove costly The scrapping of a panamax controlled by Greek operator Diana Containerships (Diana) will likely result in a loss to the tune of nearly $7.0m, a leading equity analyst told investors Tuesday.
Gallagher buys Bergvall The Norwegian marine insurance broker Bergvall Marine has been acquired by the big US based Arthur J Gallagher broking group.
Pemex plays it Safe Petroleos Mexicanos (Pemex) has awarded a $200m floating accommodation contract that will employ a Prosafe vessel.
Pirates grab two from tanker Armed Nigerian pirates have seized the master and engineer from a Greek-managed tanker before fleeing in a speedboat.
Vinalines begs for help Vietnamese shipowner Vinalines is urging the government to cut taxes and lean on banks to aid its restructuring.
Tax shot for Solvtrans Solvtrans is set for a NOK 28.9m ($4.7m) fourth quarter boost after deciding to reverse a historic tax charge.
Mipo trumping rivals BP Shipping's huge products tanker order at Hyundai Mipo marks a 30% rise in newbuilding prices this year and has set the yard 12 months ahead of its peers on the road to recovery, JP Morgan says.
Finland steps in The Finnish government has intervened to prevent its shipping industry suffering further fallout from the implosion of Korea's STX Group.
Two yards eye IPOs Two Bangladeshi shipyards are on a list of prospective IPO candidates awaiting approval from the country's securities regulator.
HMM eyes US boost Korea's Hyundai Merchant Marine (HMM) will deploy its six newly contracted DSME newbuildings in Asia to US east coast trades.
Option and more DHT Holdings has been tipped to take out a VLCC newbuilding option by the end of the year and add further tankers to its fleet.
USC moves for yard Russia's United Shipbuilding Corporation (USC) is to take control of Novorossiysk Shipyard.
SCF seals $300m loan Sovcomflot has wrapped up financing for a pair of ice-class LNG carrier newbuildings.
Tanker crewman killed A Russian engineer has died in a fall on a Hanseatic Lloyd tanker in the US.
PSVs lead the charge A sharp rise in sale and purchase deals involving large platform supply vessels has pushed up the price of the ships by almost one tenth this year, Clarksons says.
DFDS looking south DFDS could send older ro-ros into southern Europe as environmental rules tighten in the north.
SBM rails after u-turn SBM Offshore is launching legal action after a buyer pulled out of the purchase of its only offshore support vessel.
WIS wins pay-outs India's Western India Shipyard (WIS) has been awarded compensation for supply ship repair contracts torn up by ONGC.
"A great year" McQuilling Atlas Advisors has praised the recovery in the shipping markets this year and identified the gas and dry cargo sectors as the most interesting right now.
Ferry towed into port A Philippines ferry has been towed back to port on Tuesday after losing power.
CNCo in Pac swoop China Navigation Company (CNCo) continues to expand in the Pacific with the acquisition of New Zealand domestic operator Pacifica Shipping.
Zodiac signs $538m cheque Zodiac Maritime is paying KRW 566.7bn ($538m) for its six firm containership newbuildings at DSME, the shipyard revealed this morning.
German fleet shrinks German shipping companies have sold or lost control of 148 ships this year.
NYC seals ferry duo The city of New York has ordered two new ferries in an $11m deal.
Pemex lines up newbuilds Mexican oil company Pemex is planning to order new vessels at its Barreras shipyard in Spain.
Bumi Armada shines Kuala Lumpur-listed Bumi Armada's renewal of its FPSO Armada Perkasa (built 1975) for another two years has industry analysts singing its praises.
Celebrity Constellation stuck Celebrity Cruises' 90,940-gt cruiseship Celebrity Constellation (built 2002) has is undergoing emergency engine repairs in Key West.
All eyes on Eagle Bulk Equity analysts and investors appear to be growing increasingly concerned about the future of embattled US bulker operator Eagle Bulk Shipping.
U-Ming orders panamaxes Taipei-based U-Ming Marine has ordered four panamax bulk carriers at Oshima Shipbuilding in Japan.
Burke behind buy A fledgling US tanker owner led by industry veteran Bob Burke has been linked to the acquisition of a second suezmax in as many weeks.
'More of the same' for Cargolux in 2014 A slight improvement is around the corner at Cargolux, but this will be fueled more by freighter capacity exiting the market than a turnaround in cargo activity. This loss of capacity isn't a short-term phenomenon, either.
Analyst: HOS leading to revenue loss for carriers
ICAO reports sluggish cargo market for 2013
DOT grants $452 million loan for Ohio River project
Washington Notebook: Johnson confirmed as DHS Secretary
Ex-Im Bank OKs grant to finance export to Israel
Governor brokers deal in Port of Portland A job dispute at Portland's container terminal has been resolved. Work involving plugging in and unplugging refrigerated containers will be assigned to workers represented by the International Longshore and Warehouse Union Locals 8 and 40.
Gulftainer seeks to triple volumes Gulftainer said this week that it seeks to become one of the six largest container terminal operators in the world, establishing 35 terminals handling 18 million TEU by 2020. The company will handle 6 million TEU this year.
Evergreen selling containers According to reports, despite a loss of $67 million in the first three quarters of this year, Evergreen "might post a profit for the whole of this year thanks to gains from disposing of a number of shipping containers from its subsidiary."
Exports drive Nov. port growth as imports slow
Hapag-Lloyd ups rates for Far East westbound trade
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