Navios closes 10-ship deal with HSH Nordbank German lender will offer further distressed vessel opportunities to Greek owner
Genmar strikes deal with lenders Equity raising drive nets $200m to help pay down loans and provide some cash flow relief
Horizon Lines to convert further four boxships to LNG fuel US listed owner gets coast guard approval to send vessels to non-US shipyard
Shipowners' confidence continues to grow, says Moore Stephens Optimism is most evident in North America
Navios closes 10-ship deal with HSH Nordbank German lender will offer further distressed vessel opportunities to Greek owner
Owners urged to ensure emergency response plans are up to date for US P&I clubs no longer offer blanket retainer agreement with US responders
Shipping warned to comply with new US requirements on ship discharges All ships entering US waters should be ready for vessel general permit reporting to the EPA
Germany faces tramp owner collapses in 2014 Some companies will need a helping hand to survive, says HSH shipping chief
Merry Christmas and a happy new year for VLCCs Chartering momentum should continue
UK flag woos Greek owners Country's owners' resistance is 'a tragedy', says register chief
HSH Nordbank uses performing shipping loans to raise $700m Asset-backed deal with Citigroup of the US raises coveted dollar funding
Investors pump $1.3bn into Freeport LNG export project Fresh funds show US gas export drive means business
FMC global summit produces 'open and candid' discussions Talks said to have been productive despite no conclusions on shipping line co-operation
Canada approves four LNG export projects Surplus gas forces the country to seek overseas customers to buy shipments
Debt auction sees another TMT lender head for the exit For sale: Part of $40.4m mortgage loan secured by arrested vehicle carrier A Ladybug
Tokyo publishes interim safety guidelines for boxships over 8,000 teu Committee calls for mandatory container weighing after MOL Comfort casualty
California on course for 2015 biofouling crackdown Tough regional rules will set higher standards of cleanliness for ships' hulls
European ports oppose proposed mandatory cold ironing Espo says no to forcing ports to supply shore-based power but backs LNG bunkering
HSH raises $700 million on shipping loans German ship financier HSH Nordbank has raised $700M in a refinancing transaction backed by ship mortgage loans called Ocean Funding 2013
Tanker master and engineer kidnapped The Greek coastguard has reported that the master and first engineer of a Marshall Islands-flagged products tanker have been taken captive by armed attackers off the Nigerian coast
Tardy EU flag states rapped for failing on obligations The European Commission has warned that it is considering taking measures against member states that fail to honour their commitment to ratify international maritime conventions
Finland buys Aker Arctic Technology from STX Finland Finland's state-owned Finnish Industry Investment company has bought 66.4% of Aker Arctic Technology (AAT) from cash-starved STX Finland today in a deal worth €9.3M ($12.7M)
Adani completes Indian east coast coal terminal A steam coal import terminal at Visakhapatnam Port marks the Indian east coast debut of Gautam Adani-owned Adani Ports & Special Economic Zone (APSEZ)
Contract signed for Carioca FPSO The PETROBRAS-led consortium developing the Carioca area of the giant 'pre-salt' region of Brazil's Santos basin is to charter an FPSO for 20 years through Modec and its local partner Schahin
Three Chinese ports rank in global top 10 China's Xiamen, Qingdao and Tianjin ports were ranked as some of the world's most productive terminals in a study based on the Journal of Commerce Port Productivity Database
MAG Container Lines expands fleet Dubai-based MAG Container Lines, a division of the multinational MAG Group, has added three new automated vessels to its existing fleet, boosting potential capacity on its busy Iraq shipping route by an additional 60%
China expands financial leasing access China's top banking regulator announced on 16 December that it will give the market easier access to financial leasing companies
Haimen connects with Yingkou Yangpu Sinowell Shipping, one of China's biggest liner companies on coastal routes, signed a contract to launch a box sailing from northeast China's Yingkou port to Haimen port in December
Queensland Curtis LNG project on track The Queensland Curtis LNG project is on track to deliver its first commercial gas cargo in 2H14, after project developer BG Group delivered first gas from the Surat Basin coal seam gas fields to the project's export plant on 16 December
Explosion rocks Aratu Authorities in Brazil are getting ready to launch a formal investigation into the cause of an explosion that broke out on board a Petredec LPG carrier Tuesday afternoon.
Pemex ditches installation bids Petroleos Mexicanos (Pemex) has torn up bids to carry out an 18-month project that would have employed at least four offshore vessels.
US hosts regulator confab The head of the US Federal Maritime Commission (FMC) has called for 'out of the box' thinking as the agency held a regulatory summit with the European Union and China ahead of the looming possibility of global liner alliances.
Exxon shatters record Freight rates for medium-range (MR) product tankers involved in the coastwise carriage of US crude appear to have hit a record high.
Inmarsat nabs rival Maritime satellite communications giant Inmarsat is purchasing shipping communications rival Globe Wireless for $45m.
Finnlines gets a break Christmas has come early for Finnlines in the shape of a substantial government tax break.
Fesco inks new loan Russian container line Fesco has refinanced a short-term loan with a new facility worth $150m.
Coal to fire NewLead NewLead Holdings of Greece has added to its burgeoning commodities portfolio after finalising a deal for a coal wash plant in Kentucky.
Navios seals HSH fleet deal Greece's Navios group has completed its deal to buy 10 distressed ships from HSH Nordbank's restructuring unit, with more such acquisitions a possibility in future.
China faces 25% cut Failure of private yards and Beijing's efforts to prop up state-sponsored shipbuilders could cut Chinese shipbuilding capacity by one quarter over the next two years, DVB says.
Drunk tanker captain held The captain of a Norwegian tanker has been arrested after being found to be five times over the legal limit for alcohol.
Brittany picks STX France Brittany Ferries is to order a new LNG-fuelled ro-pax at STX France.
"Must do better" Portugal and Ireland could face legal action by the European Union (EU) for the failure of their maritime administrations to meet safety rules.
MCL snaps up trio Dubai-based MAG Container Lines (MCL) has bought three feederships to boost its UAE to Iraq service.
Yara back in the game Yara International of Norway has confirmed its return to the shipowning arena with a two ship order and is close to tying up deals for more tonnage.
Ferry crash injures 14 A US ferry has run aground, injuring 14 people off North Carolina.
HSH taps US funding German lender HSH Nordbank has raised $700m in a refinancing deal in the US, backed by 30 shipping loans.
Viking makes Canada move Viking Supply Ships (VSS) is establishing a permanent foothold in the Canadian market with a new office.
CSC orders in China Sri Lanka plans to revive its state-run shipowner Ceylon Shipping Corp (CSC) with a pair of bulkers ordered in China.
Havyard wins wellboats Norway's Havyard has won a new contract for a wellboat from Norsk Fisketransport.
Bulker goes aground A Lebanese bulker has grounded outside Chittagong in Bangladesh at low tide.
STX Finland clinches cash STX Finland has clinched financing to allow it to build a second cruiseship for TUI Cruises.
OSG returns fire Overseas Shipholding Group (OSG) landed in bankruptcy court over a year ago but it appears to be making progress on the road to redemption despite a series of painful setbacks.
ASRY confirms Berge Bahrain's Arab Shipbuilding and Repair Yard (ASRY) board has approved its new chief executive together with a raft of restructuring measures designed to improve its position in the repair market next year.
In need of training The Nigerian Maritime Academy wants to acquire a training ship to give its cadets adequate sea time and training.
West Coast rebound The strengthening of the US economy has resulted in a healthy recovery of cargo volumes moving through the twin ports of Los Angeles and Long Beach.
Polarcus ugrades Naila Shipdock Amsterdam, part of the Damen Shipyards Group, will conduct a six-week upgrade of Polarcus's 3D seismic survey vessel Polarcus Naila (built 2010).
Commentary: Vietnamese shipping execs sentenced to death When I read that two former executives at the state run-Vietnam National Shipping Lines (Vinalines) were sentenced to death Monday for alleged embezzlement, I was troubled.
FedEx reports higher second-quarter earnings FedEx on Wednesday reported revenue of $11.4 billion during the second quarter of its fiscal year, up 3 percent from the second quarter of last year, and an income of $500 million, up 14 percent, year over year.
U.S. ports see brisk November activity through Seaway System
Weather delays impact Great Lakes U.S.-flag movement
Stakeholders call for aviation improvements Nicholas Calio, president of Airlines for America, called for "a holistic approach" that confronts domestic aviation's profitability during a hearing of the Transportation and Infrastructure Committee convened to discuss the state of aviation.
Report: EU states lagging in maritime compliance
IAG Cargo expands Constant Cargo network
Yamaha outsources European warehouse operations to Yusen
Ex-Im Bank adds new advisory committee members The U.S. Export-Import Bank has a new group of members for its advisory committee, which will hold the first meeting of its fiscal year Wednesday in Washington.
Same Players, Different Rules: FMC examines shipping alliances
- 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
