US Congress hikes maritime spending American lawmakers have secured $1Bn for navigational maintenance dredging as part of a government-wide spending package
CLIA highlights cruise sector trends Members of the Cruise Lines International Association (CLIA) expect to carry 21.7M passengers this year, up 1.9% compared with 2013
Three vessels run aground in central Philippines Two passenger ferries and one cargo ship have run aground in the central Philippines caused by strong winds and rough seas
Golden Ocean could target Greenship Bulk Trust Golden Ocean, the listed dry bulk shipping company in John Fredriksen's business empire, could target the acquisition of Greenship Bulk Trust, a shipping analyst said
Alfa Laval opens testing centre at Aalborg Alfa Laval, the Swedish engineering group, has opened a testing and training centre in Aalborg, Denmark, which focuses on its marine products, the company said in a statement
GasLog to extend GasLog has launched talks with Samsung Heavy Industries to extend options for six LNG carrier newbuildings.
Scorpio says no Scorpio Tankers is shooting down reports that it has ordered more VLCCs in South Korean shipyards while declining comment on the reported sale of two products tankers.
Cargill takes Tsakos' second Cargill has signed up for a year-long charter of a second capesize bulker in as many days from Greece's Tsakos Shipping & Trading.
DVB seeks Excel tweak DVB has filed a new objection to Excel Maritime Carriers' plan to emerge from bankruptcy over its impact on a disputed bulker loan.
Keep it short Shipping industry players aiming to take advantage of soon-to-be-eased sanctions against Iran should keep in mind the temporary nature of changes, a US sanctions lawyer says.
NOCC scraps again Norwegian Car Carriers (NOCC) has sent its smallest vessel to the torch in China just two months after scrapping a ship of the same size.
Stevenson in suezmax strike Craig Stevenson's Diamond S Shipping is being tipped as the first owner to place a suezmax newbuilding order in more than six months.
ZPMC in Sietas talks Chinese crane maker Shanghai Zhenhua Heavy Industries Co (ZPMC) has started negotiations to buy bankrupt German shipyard JJ Sietas.
Aframax rates triple Aframax spot rates have tripled over the past seven days to end the week well above the $100,000 per day mark.
CSDC sheds seven China Shipping Development Corp (CSDC) is throwing another seven vessels on the scrap heap including the last of its single skin tankers.
Cold comfort Cold storage firm Nordfrost wants damages from Germany's JadeWeserPort (JWP) after alleging there are not enough vessels calling there.
Cosco to top 100 China Cosco's 2014 demolition drive will take the number of vessels scrapped by the world's second largest shipowner in three years beyond the 100 mark.
Lauritzen back in the game TradeWinds digests the digits making the headlines this week.
Marflet orders tanker duo Croatian shipbuilder Uljanik has announced a deal to build more MR tankers for Spanish owner Marflet
Aker Phil scores $60m Kristian Rokke's Aker Philadelphia Shipyard has completed the first phase of a fundraiser that could see the company bank close to $70m.
Rude awakening A Danish waste ship ran on to rocks as a crewman slept on the bridge.
Banaszkiewicz clears up Freight derivatives veteran John Banaszkiewicz has succeeded in selling a majority stake in The Cleartrade Exchange at the second attempt.
Perdana fixes AHTS Malaysian owner Perdana Nautika has chartered out an anchor-handler for up to two years.
Golden tipped for takeover John Fredriksen is today tipped to be back in takeover mode with suggestions Golden Ocean's $200m trip to the bond market will fund a move for Jacques de Chateauvieux's GreenShip Bulk.
K Line preps for penalty Kawasaki Kisen Kabushiki Kaisha (K Line) has braced itself for a huge fine from Japanese competition authorities following an Anti-Monopoly probe into the car carrier market.
CPC exports up 6% Caspian Pipeline Consortium (CPC) has exported 6% more crude to the Black Sea in 2013.
Replacement breaks down Stena ship's engine fails in first week of service in New Zealand.
Algoma finds new charter Canadian owner Algoma Central Corporation has signed a new deal to keep a bunker tanker in Halifax following the closure of the Dartmouth refinery.
Design dents Braemar Braemar Shipping Services has warned its full-year performance will miss expectations following delays to offshore design projects.
Remoy gets off lightly Rem Offshore CEO Age Remoy has ended up spending only NOK 112,600 ($18,200) on his mandatory offer for the company's remaining shares.
CMA CGM scraps sailings France's CMA CGM is dropping 10 voyages from China as production drops over the Lunar New Year.
Which comes first? We take a look at what was said in the market over the past week.
Malaysian MPP arrested Singapore's admiralty sheriff has arrested a Malaysian-owned multi-purpose vessel court documents show.
Ezra calls in bankers Ezra Holdings has called in JP Morgan to advise it on the strategic options for its subsea services division EMAS AMC.
Zim strikes debt deal Israel Corp is getting ready to relinquish control of Zim Integrated Shipping Services under the terms of a tentative restructuring deal that will see the operator's $3bn debt load cut in half.
Petrofac orders in China Petrofac, the UK-listed oil and gas services company, has ordered a deepwater derrick lay vessel newbuilding at ZPMC in China.
It's electric! Electricity production derived from thermal coal in India has reached a new monthly high, according to an industry analyst.
Aegean lands credit line Aegean Marine Petroleum has secured a $150m credit facility backed by ABN Amro.
YRC, Teamsters continue talks as debt deadline nears YRC Worldwide and the International Brotherhood of Teamsters are still talking after union employees last week rejected a contract proposal that would have allowed the company, it said, to pay off about $300 million in debt.
DOT's Foxx puts infrastructure at top of agenda Foxx said passing a transportation reauthorization bill with adequate funding for maintenance and upgrades of highways, bridges, and transit systems is one of his top priorities during President Obama's second term.
'K' Line announces loss provision
Drewry: Most liner carriers to end 2013 in the red
Los Angeles, Long Beach ports see mixed 2013 In 2013, the Port of Long Beach saw an 11.3-percent jump in cargo volume, while the Port of Los Angeles saw a 2.59-percent decrease in total container volume.
Survey: Business interruption, supply chain risk top concerns The report found "supply chain analysis increasingly important for businesses. For the second year in succession, (business interruption) and supply chain risk ranks as the top peril in the Risk Barometer."
New short sea service connects Thamesport with Moerdijk
NYK boosts ownership in Kazakhstan car terminal
AirBridgeCargo adds fifth Boeing 747-8 to fleet
GRI set for USADA carriers
Two men indicted in biofuel scam
EPA starts developing e-Manifest to track hazardous waste
House lawmakers raise red flags about highway trust fund
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