Rosewood smugglers feel the heat The Madagascan authorities have launched a major campaign against maritime smuggling
German union warns breakdown of maritime alliance German maritime trade union VER.DI has warned that the national maritime pact between the shipping and ports industries, the German government, and the union could break down over redundancies and ship reflaggings
Bulk losses hit German port group Ports in the German state of Lower Saxony today reported a 7% drop in cargo volumes last year due to losses in agriproducts, steels and liquid bulk in Brake and Wilhelmshaven
Zhenhua HI wins $400M rig contacts Shanghai-listed Zhenhua HI inked contracts with Lovanda Offshore and Lovansing Offshore for two F&G JU-2000E 400 jack-up rigs yesterday
Japan reprises role in Toamasina port expansion A stalled port expansion scheme in Madagascar is set to be revived
Tallinn port enjoys record year in 2013 Last year saw a number of records and landmarks set by the Port of Tallinn in Estonia
GTT launches IPO French LNG carrier tank specialist Gaztransport & Technigaz (GTT) has launched an initial public offering (IPO) that could raise up to €675M ($924M)
MR orderbook exits comfort zone The number of medium-range (MR) product tankers on order has increased so much in the past couple of months that it is now well above what some owners felt was the limit that the market could comfortably absorb, a shipping analyst said
China's January Trade Growth 'Puzzling' China confounded analysts in January as export and import growth accelerated despite the expected negative impact of Chinese New Year and forecasts of slowing economic expansion. China's export growth rose to 10.6 percent year-on-year last month from 4.3 percent in December while, despite predictions of a slowdown, import growth rose to...
Bengal Tiger Line Launches Krishnapatnam-Colombo Feeder Singapore-based Bengal Tiger Line has introduced a new container feeder service linking Krishnapatnam Port, India, with Colombo, Sri Lanka, effective this month. The weekly service offers the following port rotation: Colombo, Krishnapatnam, Chennai and Colombo. "This service provides a direct import connection from Colombo to Krishnapatnam Port Container Terminal which will enable...
US Domestic Intermodal Rate Rises Could Be Hitting Faster Stride U.S. domestic intermodal rate growth this year is expected to still be moderate, but some indicators suggest pricing has ramped up in recent months, largely because shippers are seeing tighter truck capacity or expect to struggle with securing over-the-road space. Despite the signs pointing to an uptick in pricing, most analysts...
Exmar books sales boost Exmar is set for a $30m cash boost following the sale of two LPG carriers it owns jointly with Teekay LNG Partners.
Top gunning for comeback Evangelos Pistiolis-led Top Ships is set to resume trading vessels sooner than anticipated after reshaping a deal to purchase a newbuilding from its principal.
ABG Shipyard loss spirals India's indebted ABG Shipyard plunged to a loss in the third quarter of last year.
Bharati battered Bharati Shipyard has taken another big hit in the third quarter as revenue remained low.
Jinhui sells supramax twins Jinhui Shipping and Trading has pocketed $56m from the sale of a pair of supramax bulkers.
Courage frees cash Hong Kong-listed Courage Maritime has released $10m by selling and buying back one of its capesizes.
Maritime Maisie "at risk" The stricken chemical tanker Maritime Maisie is in danger of breaking up, according to Lloyd's Register (LR).
Disposals hurt Diana Large impairments from the sale of two vessels saw Diana Containerships post a loss in the final quarter of the year.
Swank shows Capital stake Hedge fund giant Jerry Swank has emerged as a major external investor in Capital Product Partners.
BSS in court again A Ukrainian court has begun bankruptcy action against Black Sea Shipyard (BSS) over an unpaid bill.
Bergen pens navy contract Bergen Group has clinched a maintenance contract with the Norwegian Armed forces.
Stalwart breaking even US IPO hopeful Stalwart Tankers is looking to go public with an initial fleet which has been operating around breakeven during the past couple of years.
Robben tenders for two South African's Robben Island Museum is planning to acquire two new ferries.
GMS eyes London IPO Gulf Marine Services (GMS) of Abu Dhabi has unveiled plans for an IPO on the London Stock Exchange.
CMES scraps VLCC China Merchants Energy Shipping (CMES) has sent another VLCC to the breakers as it phases out its oldest tankers.
Danske calls for discipline Danske Bank has issued a note of caution to the VLGC market following a rush of newbuilding activity during the opening weeks of 2014.
Statoil keeps rescue vessel Atlantic Offshore has extended a charter deal with Statoil for an emergency response and rescue vessel (ERRV) that the Norwegian oil firm has held for 30 years.
Hashim drops Global Azman Hashim, Malaysia's nine-richest man, has disposed of his 19% holding in domestic tanker owner Global Carriers.
Ruias in London buyout Shipowners Shashi and Ravi Ruia have launched a £500m ($837m) package which will take London-listed Essar Energy back under their full control.
Siem sees turnaround Norwegian owner Siem Shipping hailed an upturn in the reefer market as it ended 2013 in profit.
PDZ pulls out PDZ Holdings' controlling shareholder Robert Tan has scrapped an initial attempt to move the Malaysian liner company into offshore operations.
Cosco sees PSV deal grow Cosco Corp (Singapore) has seen contracts for two platform supply vessels (PSVs) firmed up.
Offshore rebounding fast Offshore support vessel owners are emerging from a four-year trough with a recovery which is set to accelerate this year, RS Platou Markets says.
GTT launches IPO French LNG tank specialist Gaz Transport & Technigaz (GTT) has launched its long-awaited IPO on the Euronext Paris stock exchange.
Yaroslavl wins tankers Russia's Yaroslavl Shipyard has won a deal to build three bunker tankers for state marine and river agency Rechvodput.
Kenyan ship attacked A Kenyan cargoship has survived a pirate attack off Somalia as security guards fought off gunmen.
Varun suffers loss Troubled Indian owner Varun Shipping has posted a big increase in its loss for the third quarter as revenue dwindled.
Kensico in at Ardmore A long-term investor in Scorpio Tankers has emerged as a major shareholder in Wall Street rival Ardmore Shipping.
Titan reveals huge loss Restructuring Hong Kong FSU and bunker group Titan Petrochemicals has finally posted its 2012 results, unveiling an HKD 4.04bn ($520.72m) net loss, from a deficit of HKD 777m in 2011.
Volumes drive Westports Westports Holdings has reported a positive end to the financial year with a 19% increase in profit for the fourth quarter.
Cape crash off Busan A Greek-owned capesize bulker has had one of its fuel tanks punctured after colliding with another ship off Busan, South Korea.
Thoresen books a profit Thoresen Shipping has made a strong start to the year with a return to profit on the back of higher freight rates.
Stalwart targets growth Stalwart Tankers plans a rapid ramping up of its fleet size after its IPO with the planned acquisition of a further ten ships.
Stalwart files US IPO Stalwart Tankers, a Greece-based chemical tanker start-up, has filed plans for an initial public offering (IPO) in New York.
Chemoil back in black Chemoil Energy has ended the financial year on a high with a return to profit in the fourth quarter for continuing operations.
Going East-West to go North-South Maersk Line said it will begin offering service this month between East Coast ports in North America and South America by transshipping cargo through Algeciras, the Spanish port on the Bay of Gibraltar
New cargo terminal opens at HKIA After phasing in operations during the past year, airport employees and Cathay Pacific cargo executives have officially celebrated the grand opening Monday of the carrier's new cargo facility at Hong Kong International Airport.
Customs and Trade opens Wis. office
Union Pacific's James Young dies at 61
FMCSA to publish drug clearinghouse rule The Federal Motor Carrier Safety Administration is to formally establish the Commercial Driver's License Drug and Alcohol Clearinghouse by listing it in the Federal Register, according to the organization.
Drewry: Large containership deliveries will put pressure on rates
IANA seeks to modify draft Primary Freight Network The Intermodal Association of North America is recommending that the U.S. Department of Transportation include freight intermodal connectors as part of the nation's Primary Freight Network.
Cathay Pacific settles price-fixing suit for $65 million
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