Icebreakers near trapped Akademik Shokalskiy Three icebreakers have been reported to be nearing the MV Akademik Shokalskiy, which has been trapped in ice 100nm east of the French Station Dumont D'Urville in Antarctica since Christmas Eve
Hanjin Shipping signs CVCs with KOSPO South Korean carrier Hanjin Shipping announced today that it has signed two Consecutive Voyage Contracts (CVCs) with Korea Southern Power (KOSPO), one for 10 years and the other for 15 years
China shipping group sells stakes China Changjiang National Shipping Group, one of the shipping groups that make up Sinotrans & CSC, is seeking to raise at least 160.5M yuan ($26.2M) by disposing part of its stake in three companies
Yang Ming set to record annual profit Taiwanese carrier Yang Ming Marine announced on 25 December that it has reappraised the value its shares in Kao Ming Container Terminal Corp (KMCT), resulting in gains of NT$2.99Bn ($100M), based on International Accounting Standards data
NYK to launch new service Japanese carrier NYK is to launch a new South Pacific Link (SPL) service between the Far East and the South Pacific islands from January 2014
DSIC to expand building capacity Dalian Shipbuilding Industry Corporation (DSIC), the key shipyard of the China Shipbuilding Industry Corporation, has invested 928.6M yuan ($151.6M) to expand its offshore equipment manufacturing capacity
Changhang Phoenix' subsidiary adds losses Changhang Phoenix, a Chinese bulker operator and owner that is facing the prospect of bankruptcy restructuring, estimated today that its subsidiary, Changjiang Jiaotong Keji, would book an additional CNY153.7M (USD25.1M) in losses for 2013
Hanjin Shipping to secure KRW300Bn South Korean carrier Hanjin Shipping announced yesterday that it will secure KRW300Bn (USD282.7Bn) by spinning off its drybulk business
Rescue operations continue The Maritime and Port Authority of Singapore (MPA) announced on 26 December that it was continuing to coordinate search and rescue operations for the four missing crew members of the capsized Bolivia-flagged barge Heng Hong 168 for the seventh day
Polsteam spat ends in US Polish Steamship (Polsteam) and Novel Commodities have put an end to months of sparring in US courts, although the settlement does not bring peace to their main London court fight.
Tuburao ore exports hit Vale has declared force majeure on several iron ore sales contracts as Brazil's threatens to impact the capesize bulker market.
Pilot's turn faulted in crash The National Transportation Safety Board (NTSB) has pinned a January tanker collision with the San Francisco-Oakland Bay Bridge on a local pilot's course changes.
Evergreen goes big Evergreen Marine Corp (EMC) will charter in seven more 14,000-teu containerships for its liner shipping operations.
Underwriters take NCL options Underwriters of a recent stock offering have agreed to take nearly $110m worth of shares in Norwegian Cruise Line.
BP pays a little more Oil major BP has reportedly extended the charter of the 74,000-dwt tanker Gulf Coral (built 2009) from Gulf Energy of Dubai for another year.
Aframax fetches $9.8m Innovative Industries of the Ukraine has reportedly sold the 105,000-dwt tanker Nord (built 1998). The Halla-built tanker has gone to an undisclosed buyer for $9.8m, brokers say.
HMM looks to lift box rates Hyundai Merchant Marine (HMM) plans to try to raise container freight rates on both main east-west routes from Asia in January.
MOL gets eco funding Mitsui OSK Lines (MOL) recent newbuilding order for methanol fuelled tankers at Minaminippon Shipbuilding one is of a number of green projects in Japan set to benefit from a new government subsidy.
No sale Reports suggesting that Oldendorff Carriers has sold the 31,000-dwt bulker Carl Oldendorff (built 2002) are not correct, the company tells TradeWinds.
Foresight to shift offshore hub Foresight Group aims to shift the management of its offshore drilling vessels, tankers and multipurpose ships from Cyprus to the United Arab Emirates (UAE).
Hanjin bulks up Hanjin Shipping has clinched two high value long term freight contracts with a domestic utility company just after announcing it is to sell a majority stake in its dry bulk business.
Hoegh scraps oldest PCC The elderly car carrier Hoegh Tropicana is heading for the breaker's torch in China under an environmentally focussed deal with Grieg Green.
Sudden resignations at CSSC Two leading officials of Chinese state shipbuilding group CSSC have suddenly resigned.
Creditors take Phoenix ships More ships are leaving CSC Phoenix through judicial sales and repossessions.
Cosco orders VLCCs Chinese shipping giant Cosco is adding four more VLCC newbuildings to its order tally.
EU court decision a boon to 'forum shoppers' The ruling had its origins in a dispute between cargo interests and carriers involving the 2007 theft of four consignments of Canon cameras during road transport under CMR terms from a warehouse at Schiphol Airport in the Netherlands to Willich, Germany.
ITC report centers on removal of import restraints
USDA seeks comments on Export Credit Guarantee Program change
FMC reviews 47 OTI license applications
Hanjin: No reduction in allocation planned A spokeswoman from Hanjin Shipping said the liner has no plans to reduce its allocation on CKYH alliance services or sell terminals in the United States as a result of the "financial improvement plan," which it announced last week.
Could Hapag-Lloyd-CSAV deal revive Hamburg-Süd talks?
Service to call 2 Oakland terminals Maersk said the Bay Bridge service will call both the Ports America terminal and SSA's Oakland International Container terminal in Oakland, starting in mid-January, for eastbound and westbound service rotations.
Little movement in fuel prices in the Americas WTI crude closes above $100 per barrel.
IFO prices soften in Fujairah South African markets generally firm.
Asian refiners to benefit from fewer cargoes going east Refining losses from fuel oil to narrow in first quarter of next year.
European bunker prices lack direction Rotterdam players say surcharges will apply over New Year holiday.
Tight avails in Japan 'will continue into January' 'We are focusing on supplying term customers,'says trader.
Cruise operator 'setting the standard' in clean technology 'Environmental responsibility is essential to running a successful business in the twenty-first century.'
Baltic bunkering hub attracts Nordic finance Scandinavian finance house to decide on loan by end of January.
Russia could be key source of ECA compliant product Tax changes driving Russian refiners to focus on distillates.
Chinese shipping firm orders VLCC quartet Deal closed with a local shipbuilding giant.
Fuel oil exports hit by refinery upgrade Russian refiner will divert fuel oil to be used as feedstock.
Asian prices lack direction IFO products reported to have 'dried out' for some players in Hong Kong.
Russian bunkering ban investigation stalls on lack of evidence Russian authority postpones case hearing.
Shanghai considers introduction of LSFO at port Move would be a 'first step' in reducing pollution from shipping.
Methanol-fuelled engine order 'a real market breakthrough' Order is MAN Diesel & Turbo's first commercial project for the technology.
Fuel oil spill 'could have been sabotage' Trinidad and Tobago appoint government minister to head investigation.
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