Maersk to resurrect SeaLand name as it spins off intra-Americas operation Independent unit formed after customers ask for greater service stability and commitment
Seaspan adds $125m in new debt Deal comes after company refinanced a $1bn credit facility at year-end
Norway LNG plant restarts exports Cadiz Knutsen will load tomorrow after brief shutdown at export terminal
Diana contracts kamsarmax from Sinopacific yard Vessel is latest in a series of acquisitions and orders that have expanded its fleet
Three seafarers kidnapped in attack off Equatorial Guinea Piracy in south Gulf of Guinea rare, says Dryad
New attack on pipeline threatens Yemen tanker loadings Infrastructure had just been repaired after earlier sabotage
CMA CGM linked to more giant boxship newbuilds with Chinese banks Minsheng and Bank of Communications Financial Leasing order eight post-panamax vessels
US apparel imports suffer 'severe' contraction Surprise fall may be a sign that retailers overstocked in the first half of the year
Bad weather boosts Black Sea suezmax earnings Charter incomes reach a level last seen in January 2010
Maersk to use supermarket sale proceeds to reduce debt AP Moller-Maersk to receive net proceeds of $3.1bn from sale
SSA Marine looks to expand after revamp Change to ownership structure opens way for fresh investment
PSA International reports 3% annual box growth Singapore-based operator had an 'exciting and challenging' 2013, says chief executive
Masters lobby Panama court in support of Maas Trader captain Held since March 2011, Sobadzhiev awaits trial after cocaine found on his ship
Panama makes new funding offer to avert construction stoppage Building consortium has yet to respond to canal authority's $238m proposal
Annual bunker sales in Singapore fall again in 2013 World's largest bunkering port faces strong competition as shipowners boost fuel efficiency
TMT debt auction finds a new buyer as lawyers push for more time Firm wants to delay decision on who will develop a bankruptcy-exit plan
Scorpio Bulkers raises $42.6m on underwriters' IPO option Banks seem confident about expansion-minded dry bulk unit
Maersk to launch intra-Americas unit Maersk has announced that it is forming a regional container line in response to growing demand in the Americas
Canal builder offers counter-proposal GUPC, the consortium building Panama's new locks, is seeking quadruple the advance payment proposed by the Panama Canal Authority (ACP)
Spill responders form alliance Non-tank vessel owners will be able to more easily pre-arrange oil spill, firefighting, and marine salvage agreements through a new alliance between emergency responders
Robbers board berthed vessel Three robbers armed with knives boarded a berthed container ship at Douala Port in Cameroon early yesterday morning, the International Maritime Bureau (IMB) reported
Shokalskiy and Xue Long break free of ice The two icebreakers trapped in the Antarctic's Commonwealth Bay have finally broken free, the Australian Maritime Safety Authority announced today
China shipping picks up in 2013 China's shipping industry saw a preliminary recovery in 2013 and will continue in the uptrend in 2014, according to China Shipping Prosperity Report (4Q13) issued by Shanghai International Shipping Institute (SISI) on 6 Jan, 2014
China's Humen port to expand barge berths China's Humen port in Dongguan city, Guangdong province is planning to invest 840M yuan ($138M) to add 11 3,000-tonne berths for river cargo barges, a port statement said
BW secures finance for VLGC newbuilds and LNG ships BW Group has secured financing and refinancing from a number of banks for its LPG and LNG carriers
MOL combats congestion Mitsui OSK Lines (MOL) is combating port congestion in Asia by upgrading its regional service network with a new rotation.
DHT makes it three DHT Holdings has declared its option to construct a third VLCC at Hyundai Heavy Industries in South Korea.
Rescue mission accomplished The rescue of a Russian vessel trapped by ice off Antarctica is finally complete.
Valero defends ban A leading US refiner has entered an increasingly contentious debate about the nation's long-time ban on the exportation of domestically produced crude.
Maersk feeds Americas The US arm of Danish container shipping giant Maersk Line is to spin off a regional container shipping company dedicated to the intra-Americas market.
More TMT loans to change hands More debt at the centre of Today Makes Tomorrow (TMT)'s bankruptcy proceedings is changing hands as Taiwanese banks put several loans up for sale.
Seaspan scores more Seaspan Corporation has secured a $125m loan barely a week after refinancing $1bn worth of debt.
Rebels invite tankers in Libyan separatists have thrown down the gauntlet to the government by pledging to protect tankers that arrive to lift crude from ports they control.
Yards await FLNG boom Investment in floating LNG projects could prove a boon in the coming years to shipbuilders already benefitting from recovering shipping markets.
Diana adds kamsarmax Diana Shipping of Greece has announced another addition to its newbuilding programme.
Bimco warns on orders Bimco president John Denholm has warned that a "worrying amount" of new orders is delaying the shipping recovery.
Cargoship refloated A Russian cargoship has been refloated after lightering some of its cargo in the Kerch channel.
OW inks $700m loan Denmark's OW Bunker has secured a $700m loan from a banking syndicate led by ING.
Bail decision reversed India's Principal Sessions Court has cancelled bail for 35 crew and armed guards on a US vessel held in October last year in a row over weapons on board.
Crewman lost from tanker The US Coast Guard (USCG) is searching for an Indian crewman reported missing from a tanker.
Eimskip wins first round Icelandic line Eimskip is hopeful of finding out why it was raided by competition authorities last year, after winning backing from an appeals committee.
LSC primed to upsize Lithuanian Shipping Company (LSC) has laid the groundwork for a strategic repositioning that will see it upgrade its fleet with larger tonnage.
SCI: no sale planned Shipping Corp of India (SCI) has contradicted a report that it is lining up a share issue this week.
Palmali denies 'smuggling' Turkey's Palmali Shipping has rejected Libyan claims one of its aframaxes approached an off-limits port to load crude.
Scandlines back at P+S Scandlines is attempting to buy back two ro-paxes it cancelled at bankrupt German yard P+S Werften.
Keel is key for Aussies Ships passing through Australia's Torres Strait must now use a keel clearance management system to avoid groundings.
Ro-ro removes chemicals A DFDS ro-ro has loaded the first chemical weapons cargo as the Assad regime attempts to comply with a UN-backed disarmament deal.
COSL in fundraiser China Oilfield Services (COSL) looks set to raise HKD 5.8bn ($750m) from a share placement in Hong Kong.
Underwriters like SALT Scorpio Bulkers is set to raise a further $42.6m after the underwriters for its recent IPO opted to exercise their over-allotment.
China imports higher Australia's Port Hedland has reported a near 20% year-on-year increase in iron ore exports to China in December.
PACD eyes newbuilds Pacific Drilling, the Idan Ofer-controlled company, is set to place a newbuilding contract for another deepwater drillship.
Foschi abandons ship The long-time chairman of Costa Cruises is parting ways with Carnival Corp and stepping down from its board of directors.
Panama Canal proposes loan to help contractor finish lock project The Panama Canal Authority said it would advance the consortium responsible for the $3.2 billion lock project an additional $100 million to keep the project moving. The group responded with a counter offer for more money.
Maersk: New intra-America shipping company will use SeaLand name The new affiliate will have a structure similar to Maersk's other regional carriers, which include MCC Transport on intra-Asia trades and Seago on intra-Europe routes.
Winter storms could cost domestic airlines $100 million According to a note by Cowen and Company, domestic airlines have cancelled about 20,000 flights since last Thursday due to inclement weather at a cost of between $50 million and $100 million.
PSA has 'exciting and challenging' 2013 Volume increased by 2.9 percent from 2012, with the PSA Singapore Terminals contributing 32.24 million TEU and PSA terminals outside Singapore handling 29.57 million TEU.
CaroTrans, MOLAX team up for transpacific trade
Protests in Mexico cause road blockages, added risk
Kirincich leads Oswego port authority
MOL adds link between Japan, Jakarta
Yusen expands operations at Busan New Port
U.S. sets record for November exports, Pritzker says aim higher
Donjon-SMIT, MSRC partner
Korean Register, Busan Port Authority to cooperate
Avails outlook mixed in Fujairah Prices up in Durban.
IFO prices show losses in northwest Europe But prices make gains in Piraeus.
On-spec avails tighten in Hong Kong Situation mirroring Singapore bunker market.
OW Bunker: 'Ample room for growth' Chief executive says it will focus on 'organic growth'.
Emulsion fuel being trialled at sea Quadrise close to 'transition to commercial operations'.
Horn of Africa port mooted Breakaway state has ambitions for its own export hub.
Egypt plans new ports Work set to start in 2015.
Bunker supplier secures $700 million revolving credit facility OW Bunker says additional liquidity will allow the business to continue growing.
Singapore facing more competition Presence of regional hubs being felt by Singapore bunkering.
Asian bunker prices hold steady Mixed demand seen in Singapore.
Singapore energy sector primed for growth Singapore plans 'Jurong island version 2.0' upgrade.
US firm sees prospects in LNG marine propulsion Company buys majority stake in Turkish LNG propulsion systems maker.
Scrubber maker files for bankruptcy But managing director confident product will remain in demand.
Ban on blending on board vessels takes effect Ban is part of new Safety of Life at Sea regulations.
Time is nigh 2015 is coming around sooner than we think, and it is time to take all relevant factors into consideration as regulatory pressure tightens.
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