Tax claim settlement changes OSG valuation Bonds jump in reaction to positive deal for the company
Workers federation calls for careful consideration of P3 ITF raises concerns over safeguards to protect employment and labour standards
Have you got the news? New Lloyd's List digital news product to launch January 6, 2014
Report published on Emma Maersk flood Danish maritime accident investigators praise crew response
Gallagher buys Bergvall Marine Broker gains a foothold in Norway
Ever-younger boxships are being laid up Falling average age of idle tonnage highlights accelerated scrapping of older ships
China exempts foreign carriers from VAT regime The country's freight forwarders and shippers will also benefit from new tax code
NYK to launch Asia-South Pacific multipurpose service NYK Bulk & Project Carriers will launch 72-day round trip in January
Le Havre freezes harbour dues for boxships Top French container port positions itself to handle feeder services
IACS agrees to strengthen post-panamax boxship rules But class societies shy away from developing common structural rules
Sorting the news from the noise Value-added information separates the wheat from the chaff
Class societies show strength IACS presents completed harmonised rules on bulk vessel and tanker construction
MOL responds to safety committee recommendations Inspections planned for all large boxships that it operates following loss of MOL Comfort
Capesize rates are softening, but there is life in the market yet Tight tonnage in the Atlantic suggests rates could rise one more time before January lull
Guangzhou Port Group turns logistics player to stay in game Firm plans 2014 IPO as it battles Shenzhen and Hong Kong for share of shrinking market
OOCL and Hapag-Lloyd reveal January price increases Peak-season surcharges of $450 and $500 per teu planned for Asia-Europe services
Rotterdam to expand hazardous box handling capabilities Expansion of facilities including a new jetty to be complete by first-quarter 2015
To manage is a privilege, not a right Former P&O chairman Lord Sterling takes the long view on how to succeed in shipping
Navigator newbuild plan targets ethane trade Navigator Holdings has exercised an option and begun a new, larger series of LPG newbuilds to serve US ethane exports
Indian captain freed from Togo jail The captain of oil tanker Ocean Centurion, who has been in jail in Togo for five months, and another Indian seafarer were released yesterday after the Indian government intervened
UN RoRo takes over Trieste terminal Turkish ro-ro operator UN Ro Ro has taken a 60% majority stake in Samer group subsidiary Samer Seaports & Terminals in the Italian port of Trieste
Cosco kept on 'hold' UOB Kay Hian maintained hold rating for Cosco Corp (Singapore) despite the yard's better-than-expected contract wins totalling to $3Bn
STX PO cuts investments again Cash-strapped STX Pan Ocean said today it has again reduced its newbuilding programme investment to $400M
Five mariners missing off Singapore Search and rescue operations continue today for five missing crew members of capsized barge Heng Hong 168
Iraq okays Kuipers eight ship order bid The Iraqi government has approved a $256M submission from Dutch shipbuilder Kuipers to supply it with eight cargo ships as it continues its efforts to reconstitute its merchant fleet
Evergreen to buy new containers Taiwanese carrier Evergreen has announced that its subsidiary Greencompass Marine is going to buy 13,300 boxes
China nickel imports boosted China's demand for refined nickel will be boosted by Indonesia's ban on ore export next month
Sino-Global signs agreement Nasdaq-listed Sino-Global Shipping America, a Chinese shipping agency and logistic services provider, announced today that it has signed a one-year strategic agreement with Jiangsu Lianyungang Port Logistics Holding
Korean Air could sell assets to help Hanjin Korean Air is expected to sell some of its assets to help its troubled affiliated ship owner, Hanjin Shipping, said an analyst today
Westood fixes Offen ship Westwood Shipping Lines is said to have chartered a Reederei Claus-Peter Offen containership for a year.
OBO doubly cuffed Glory Wealth Shipping has secured a court order seizing a Vista Shipping combination carrier, escalating the renewed legal battle over the 2008 collapse of Ukraine's Industrial Carriers Inc (ICI).
Navigator targets ethane Navigator Holdings has ordered what it is touting as the largest-ever ethane-capable gas carrier as the newly-listed owner continues an aggressive expansion.
Carnival outlook boosted Credit Suisse upgraded its rating of Carnival Corp's New York-listed shares as an analyst pointed to steps in the right direction at the battered cruiseship giant.
Nordea keeps the faith Sweden-based lender Nordea is sticking with shipping as it predicts improvements in markets next year.
MOL monitors sisters Japan's Mitsui OSK Lines (MOL) has revealed it is taking action to reduce hull stress on MOL Comfort's sisterships.
Indian master freed Indian tanker captain Sunil James has been released from a prison in Togo to return home for his infant son's funeral.
Precious launches spree Precious Shipping has doubled its newbuilding tally with an eight ship order in China.
Marie Celeste reprised We take a look at what was said in the market over the past week.
Courage snares panamax Courage Marine has made a return to the panamax segment with a second hand purchase from a compatriot shipowner.
Klavesness wins BHP work Torvald Klaveness has tied up a five-year deal to ship caustic soda to BHP Billiton.
Ultragas offloads Ace Ultragas of Chile has reportedly sold the 20,700-cbm LPG carrier Arctic Gas (built 1993) to an undisclosed Asian buyer.
IACS adopts CRS The International Association of Classification Societies (IACS) has adopted new safety rules for the building of bulkers and tankers.
Swissco hooks three Swissco Holdings has secured charter contracts for three offshore support vessels.
China's tax U-turn China has scrapped a 6% value-added tax (VAT) charge on overseas shipowners' cargo liftings.
Suezmaxes sold Teekay LNG Partners of Canada has reportedly sold the 160,000-dwt tanker Algeciras Spirit (built 2000).
HMM kick-starts sales Korean shipowner Hyundai Merchant Marine (HMM) has raised over $50m from the sale of containers.
CSIC share issue cleared China Shipbuilding Industry Co (CSIC) has had a share application cleared by the country's regulator.
STX PO axes another Stricken STX Pan Ocean has chopped yet another vessel from its newbuilding programme.
SCF in the frame Yamal LNG has slimmed down the number of shipowners it is talking to from seven to five as it swings into order mode on its pioneering newbuildings.
Bourgas workers win pay Sacked workers at Bourgas Shipyard in Bulgaria will receive a month's salary as a pay-off after talks with bosses.
New line for Libya The port of Aqaba has announced what it claims is the first link from Jordan to Libya.
Greeks go crazy in China TradeWinds digests the digits making the headlines this week.
OSG tax bill chopped US tanker owner OSG has won a significant battle in its bankruptcy war after a tax claim from US authorities was cut by $200m.
Chengxi bags ultramaxes China Merchants Energy Shipping (CMES) is adding four more ultramax bulker newbuildings to its fleet, writes Irene Ang from Singapore.
Prosafe wins Swiber job Oslo-listed semi-submersible accommodation vessel provider Prosafe has been awarded a $6.9m contract from Singapore-based offshore player Swiber.
Binny bulker seized The only ship left in the fleet of India's Binny Shipping has been arrested in Singapore.
Fred catches the breeze Fred. Olsen Windcarrier International Ltd has secured a lucrative 110-daty contract by the Germany's Global Tech I Offshore Wind GmbH.
GSL unplugs bond press Global Ship Lease (GSL) caught Wall Street off guard Thursday after announcing plans to cancel a trip to the bond market.
Constituents to advise Port NY/NJ on performance improvements
European NVOs partner
NYK to launch new service
Long Beach port board names new president
CMA CGM announces new call in Ghana
Local organizations to pay for extra CBP border services Cargo shippers at a handful of ports of entry could see fewer lines to clear U.S. Customs thanks to five localities that have stepped up and offered to pay overtime so the budget-strapped agency can operate longer hours or add manpower.
U.S. economy grew 4.1% in 3Q It is the highest quarterly growth for the U.S. economy since the recession five years ago and, along with unemployment falling below 7 percent, signals that the pace of economic recovery is quickening.
China clarifies VAT tax China has issued a new document to clarify value-added tax measures that went into effect in Aug. 1, which have caused concern in the shipping and logistics industry both here and in China.
Recommendations made in wake of MOL Comfort casualty A report on large container ship safety, growing out of the loss of the container ship MOL Comfort, which broke in half June 17, has been released, setting visual safety inspection and weight verification recommendations.
Ex-Im Bank OKs loan for equipment export to Australia
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