Gas carriers make a strong start Earnings on the main Middle East-Asia trade settle at around $40,000 per day
Scorpio Bulkers buys 22 more vessels Company may have to find new equity to foot the $1.2bn bill
XPO Logistics to buy Pacer International in a $335m deal Acquisition makes firm the third-largest North American intermodal service provider
VLCC earnings remain robust Chartering activity for end-January loading rises, cutting the number of VLCCs available for employment in Middle East spot market
HCI reports its 51st insolvent KG ship Firm has stayed profitable at group level, having restructured and cut its costs
Euronav to raise additional $1bn to fund Maersk VLCCs purchase Firm plans share issue, capital increase and deals for bank debt and mezzanine financing
CMA CGM vessel loses boxes off France Boxship reports 14 containers overboard in strong winds and large swells near Ushant
K Line bullish on profit outlook Asakura promises aggressive investment to stay competitive
Tui says it is under no pressure to sell its Hapag-Lloyd stake Timing will be everything as group ponders prospects for a mini-IPO for its shipping arm
Hanjin boxship and Nakilat LNG carrier collide Bow of 216,224 cu m gas vessel Al Gharrafa is damaged significantly, say casualty reports
NYK vows to focus on antitrust law compliance Kudo sounds alert in New Year's speech as boxline and car carrier divisions face scrutiny
Euronav pounced on Maersk VLCCs 'as opportunity arose' Tanker owner saw positive factors coincide, leading to purchase of Maersk tanker fleet
Spanish minister flies to Panama to discuss canal dispute Authority says construction consortium's claim lacks 'merit'
MOL remains cautious about rate recovery Japanese shipping giant will invest more in LNG shipping and offshore sectors, says Muto
Safe anchorage area offers a 'Nigerian solution to a Nigerian problem' Success will depend on management and price, say experts
HNA Group units to set up $16.5m aviation and shipping trading vehicle New firm aims to capture opportunities in China's ever-expanding transport market
Euronav clinches $980m takeover of Maersk VLCCs Newbuilding-averse buyer sees 15-ship purchase as first step in consolidation
Syndicated marine loans rise 33% Syndicated marine finance loans rose to their highest level since 2008 last year, according to a newly released tally from Dealogic
Taizhou Kouan wins new ro-ro order Chinese shipyard Taizhou Kouan Shipbuilding has won an order from compatriot Guangdong Shuangtai Group to build two ro-ro vessels
Robbers board vessels off of Indonesia Two vessels were boarded by robbers at anchorages off of Indonesia in the early hours of 3 January, the International Maritime Bureau (IMB) has reported
Updated: CMA CGM ship loses 14 containers A warning was sent out to shipping in the English Channel over the weekend following the loss of 14 containers by the CMA CGM Rossini in strong seas off the French Atlantic coast
Euronav pays $980M for APM's 15 strong VLCC fleet Euronav, the Antwerp-based listed tanker company, has entered into a contract to acquire 15 VLCCs from Maersk Tankers Singapore for a total price of $980 million payable as the vessels are being delivered
Spanish minister intervenes in Panama Canal dispute Spanish public works minister Ana Pastor is due to meet the Spanish-led consortium working on the $5.3 billion expansion of the Panama Canal in Panama today
Freight deliveries to Corsica halted The transport of freight by sea between the French mainland and the island of Corsica has come to a complete standstill as the strike by seafarers on ferries serving the island went into its sixth day today
Manila moves for removal of Haiyan-hit ships Philippine authorities are working for the complete removal of ships washed inland at the height of Haiyan
Cargo ship remains grounded off Philippines Vietnamese cargo ship Vinh Hoa remains grounded off La Union in northern Philippines since 28 December
Petredec LPG carrier awaiting repairs Golden Miller, a small LPG carrier that caught fire after an explosion on 17 December 2013, has left Brazil for a shipyard to undergo repairs
Box rates see pre-Lunar New Year push Long-haul container rates jumped last week ahead of Lunar New Year beginning 31 January
Street endorses SALT Scorpio Bulkers (Scorpio) made waves on Wall Street Monday unveiling contracts to construct 20 capesize bulkers and a pair of kamsarmaxes at shipyards in China and Romania cost of roughly $1.17bn.
HAL passenger dies A passenger seen going overboard from a Holland America Line cruiseship has died.
Dry 2014 for cruise orders This year could see no activity in major cruise newbuildings but might deliver a pleasant surprise on bookings, said a leading industry analyst.
Klaveness inks peace pact Torvald Klaveness of Norway has landed a freight contract that will mark the end of its legal battle with alumina producer Aluminium Bahrain BSC (Alba).
NewLead hands over more shares NewLead Holdings has handed another 2.9 million shares today as part of its December settlement deal with affiliates of private equity firm Magna Group.
Panama takeover possible Panama Canal Administrator Jorge Quijano said authorities may assume control of the canal expansion project to keep it on track.
Gulf Nav to limp on Cash strapped tanker owner Gulf Navigation will remain a going concern after shareholders backed the board's financial restructuring.
Muto highlights dangers MOL president Koichi Muto has rallied his troops for expansion in 2014, but warned there are risks ahead.
Knutsen NYK profit pending Trygve Seglem's Knutsen NYK Offshore Tankers is set for a return to profitability, according to co-owner NYK Line.
ST Marine adds to orders The marine wing of Singapore Technologies Engineering (ST Marine) has bagged fresh orders worth $350m.
SALT swoops for 20 capes Scorpio Bulkers (SALT) has revealed another huge boost to its newbuilding roster, adding 20 capesizes and two kamsarmaxes.
Tankers to star As China prepares for the year of the horse the shipping zodiac suggests the stars are aligning for the crude tanker market in 2014.
Vale lifts force majeure Mining powerhouse Vale has lifted a temporary ban on iron ore exports from southern Brazil and limited the impact to less than expected.
Libya halts tanker Libya's navy has stopped a tanker loading crude at a port seized by a separatist group.
CSCL completes sales China Shipping Container Lines (CSCL) has raised over $110m from the sale of a pair of freight forwarding and logistics units.
Euronav reveals VL funds Euronav is putting together a $735m loan package and has attracted a group of financial heavyweights to back a $350m equity raise to support its takeover of the Maersk Tankers VLCC fleet.
Three dead in sinking Three people have died and another 12 are missing after an Indonesian ferry sprang a leak and sank.
E.R. Schiffahrt bins two more E.R. Schiffahrt has continued its clear out of older tonnage with the sale of another pair of boxships to breakers in India.
Happy scrappers Ship demolition reached the second highest level on record during 2013, according to the world's largest cash buyer.
Euronav's quantum leap Euronav's $1bn takeover of the Maersk VLCC fleet has been hailed a quantum leap amid initial applause from analysts.
Bulker and cutter clash A US Coast Guard (USCG) cutter has been involved in a collision with a Great Lakes bulker.
CMA CGM loses boxes A CMA CGM boxship lost 14 containers in heavy seas while on route to Egypt last week.
Yard-siege men go home Burmese shipyard workers are to be flown home after coming under attack at a Shin Yang plant in Malaysia.
Three-week takeover Euronav cancelled Christmas and New Year to see through a near $1bn takeover of the Maersk Tankers VLCC fleet in just a matter of weeks.
Flying finish for Clarksons Clarksons has thanked its sale and purchase team for a strong end to a year that beat expectations.
New orders jump again Shipowners splashed out on nearly 600 more newbuildings last year than in 2013.
Bourgas workers protest Sacked staff at Bulgaria's Bourgas Shipyard have staged a protest to claim wages and redundancy payments.
VL spend at three-year high Euronav's $1bn swoop for 15 VLCCs from Maersk Tankers means it has taken just five days of 2014 to take spending on second hand VLCCs to a three-year high.
Asakura on the offensive K Line president Jiro Asakura has outlined a new aggressive management plan as the company pulls out of its recent slump.
Cochin eyes LNG orders India's Cochin Shipyard is hoping to land LNG carrier orders as the government hints at new domestic tenders.
Austal offloads ferry Austal, the Australian fast ferry builder, has struck a deal to sell an AUD 100m ($90m) built-for-stock vessel.
Aussie yard dropped Triyards Holdings, the Singapore-listed offshore shipbuilder, has shelved plans to develop a shipyard in Australia.
NYC mayor names Trottenberg to run transport agency
Panama Canal contractor accused of slow-down tactics The Panama Canal Authority indicated that the consortium in charge of building the locks for a new entrance to the Panama Canal has begun to drag its feet because of unhappiness with the terms of its contract.
Japanese shipping execs emphasize antitrust compliance Yasumi Kudo, NYK Line's president, said he has created an executive committee to oversee antitrust law compliance; he called on employees to "redouble our efforts to ensure antitrust law compliance in all aspects of our business."
Maersk selling VLCC fleet to Euronav The vessels, which have an average age of four years, will be delivered individually to Euronav over the coming months, once Maersk Tankers has fulfilled all existing contractual commitments.
MSC Monterey to be repaired while at anchor
CMA CGM ship loses container overboard
SolarWorld takes action to protect domestic solar industry On Dec. 31, SolarWorld said it submitted anti-dumping and anti-subsidy cases with the U.S. International Trade Commission and the U.S. Department of Commerce against China and Taiwan in order to close a loophole in trade remedies.
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