Israel Corp poised to announce Zim restructuring deal Container line will receive $200m of fresh capital from majority shareholder and plans to resume newbuilding programme
Boxships to plug reefer gap Conventional reefer fleet to more than halve as boxships grow in capacity
Armed guards thwart mothership pirate attack off Oman Attack illustrates continued threat in High Risk Area
Klaveness family make joint bid for Norwegian Car Carriers Klaveness Marine Holdings forms joint venture with JP Morgan to buy out car carrier tonnage provider
Carriers to extend voluntary low-sulphur switch in Hong Kong ahead of 2015 mandate Hong Kong shipping industry wants an ECA with South China
Shippers call for an end to EU consortia rules No special treatment needed for maritime industry, says Global Shippers' Forum
Cosco-linked bulker arrested in Singapore Fu Kang seized earlier Monday due to arbitration-related matters
Belships hands back product tanker to focus on dry bulk market Agrees long-term charter for Japanese supramax newbuilding
Indian breakers splash the cash Slow supply has buyers reaching for their wallets
Arcadia tanker rescues 117 Another 12 missing in separate incident as Greece turns EU spotlight on immigration
Holding firm of STX Group enters "receivership by creditors" South Korean firm begins out-of-court corporate restructuring process
Marzooqah was boarded by Eritrean forces, not pirates EU Navfor confirms that the incident was not a Somali pirate hijacking
Panama Canal expansion work continues Threat of work suspension fails to halt progress as talks continue
Keppel Singmarine and GTT form LNG newbuilding partnership Companies seek to tap growing demand in Southeast Asia
BW LPG brings forward large gas carrier newbuildings deliveries Oslo-listed group adds two more options to be called next month
China Shipping Development plans to scrap seven ships Chinese state carrier to demolish five tankers and two bulkers
CSCL upgrades container newbuildings to 19,000 teu Chinese line tops world's record in containerships
Unconventional and unprotected Regulators are looking more closely at the offshore sector - and not before time
Log carrier crew rescued All 24 Chinese crew members who abandoned a sinking bulker approximately 700km west of Guam have been rescued, the US Coast Guard (USCG) has confirmed
Klaveness and JP Morgan plan $90M bid for NCC The Norwegian shipping group Torvald Klaveness and the US investment bank JP Morgan plan to launch a voluntary cash offer to acquire Norwegian Car Carriers (NOCC)
Eritrean forces boarded ship reported as pirated Eritrean forces have boarded ro-ro and cargo ship, Marzooqah, which was in territorial waters in an incident the crew initially reported as a pirate attack, Reuters news agency reported citing maritime officials on Sunday
Canal work slows but does not stop The consortium building the Panama Canal's third set of locks is working at reduced levels but has not completely halted construction as previously threatened
Braemar issues profit warning on US woes Braemar Shipping Services has issued a profit warning saying that slower than expected contract awards at US-based Braemar Casbarian is expected to result in group profits for the year 1 March to 28 February being modestly below management expectations
Tianjin Shihua Terminal expansion suspended Expansion of Tianjin Shihua crude oil terminal has been suspended according to an announcement issued by the Ministry of Environmental Protection (MEP) on 16 January
Golden Ocean sets conversion price for $200M bond issue Golden Ocean has raised the full amount of $200M in a private placement of five-year convertible bonds that are convertible to shares in the company at a price of $2.86 each
BW LPG fast-tracks VLGC deliveries BW LPG has fast-tracked the delivery of two of its six VLGCs currently under construction at Hyundai Heavy Industries
Clean Marine secures contract with Hudong-Zhonghua Norway's Clean Marine has been selected by Hudong-Zhonghua Shipbuilding to supply exhaust gas cleaning systems (EGCS) for two 38,000dwt chemical tankers being built for Stolt Tankers and NYK Stolt Tankers
Woodside sales up, profits down Australian LNG giant Woodside made $1.65M in revenue for 4Q13, a 23.2% increase from 3Q13, the company announced on 17 January
Bumi Armada may angle for Angola Malaysian FPSO operator Bumi Armada could clinch yet another FPSO contract, this time in Angola
Poten ponders VL moves Overseas Shipholding Group (OSG)'s decision to call in a commercial manager has created a wildcard in the VLCC market just as investors are showing an interest, Poten & Partners says.
NWS volumes soar Russian cargoship group North-Western Shipping (NWS) has posted a 29% year-on-year rise in cargo volumes.
Boxship hit by fire Containers have been taken from the hold of a boxship in the port of Miami after it reported a fire.
Modec takes Euronav VL Modec of Japan has bought a veteran VLCC sold by Euronav, brokers say.
ClassNK grows again Japanese classification society ClassNK added 20.5m gt of ships to its fleet in 2013.
Torm "fires starting gun" Torm is courting fresh investors in an effort backed by its shareholder banks, the shipowner's chairman says.
Klaveness seeks control of NOCC Norway's Klaveness group is teaming up with JP Morgan to launch a takeover offer for Norwegian Car Carriers (NOCC).
Bulker crewman missing US authorities are searching for a Ukrainian officer missing from a Greek bulker.
Sinking bulker abandoned A Chinese vessel has been abandoned by its crew as it takes on water off Guam.
Jobs to go at Zim? Israel's Zim is reportedly lining up voluntary redundancies and route closures as part of its debt deal with creditors.
Belships rings the changes Belships has taken on a third supramax newbuilding at Imabari on a day it exited the tanker market.
Marzooqah 'not hijacked' A Saudi Arabian ro-ro feared hijacked by Somali pirates on Saturday was instead arrested by Eritrean forces.
Maher joins Clarksons Clarksons has raided rival Arrow to hire its Asian chief Jonny Maher.
Shreyas grabs grain deal India's Shreyas Shipping & Logistics has won a breakthrough freight deal with Food Corporation of India (FCI).
Sungdong wins again Korea's Sungdong Shipbuilding & Marine Engineering has added up to six more bulkers to its orderbook.
Tonic for Torm? Torm shares were on the rise this morning after the tanker owner hinted at progress on a second restructuring effort.
CSCL grows giants China Shipping Container Lines has increased the size of the world's largest containership newbuildings as the construction of the first of the vessels begins at Hyundai Heavy Industries.
Afai seals trio China's Afai Southern yard has won a ferry order from a domestic owner.
Yard workers burned Three shipbreakers have been seriously injured in a fire in Bangladesh.
Ship lost after smash A cargoship has sunk following a collision off the Philippines.
BW LPG eyes two more BW LPG is looking to add further VLGCs to its newbuilding programme in South Korea, it disclosed Monday.
Ezion taps bond market Ezion Holdings is looking to raise up to SGD50m ($40m) from a five-year bond issue, it has emerged.
Maisie seeks refuge Authorities in Japan and South Korea are being asked to provide a port of refuge for a chemical tanker ravaged by fire.
GTT teams with Keppel Keppel Singmarine has teamed up with Gaztransport & Technigaz (GTT) to target LNG carrier newbuildings.
CSAV cools merger talk CSAV says merger talks with Hapag-Lloyd were continuing but that no agreement has yet been reached.
Logistics industry optimistic for 2014, survey shows
ICAO: 2013 is safest year on record
Harbors, waterways get funding gains in omnibus bill The U.S. Senate late Thursday passed a $1.1 trillion omnibus spending bill for fiscal year 2014 that consolidates 14 appropriations bills for various federal departments. Funding for several freight-related programs is included.
Panama Canal contract rift enters eleventh hour
GSF favors ending EC's liner shipping block exemption The Global Shippers Forum, which includes the U.S. National Industrial Transportation League as one of its members, wants the block exemption for the liner shipping industry in Europe, which is due to expire on April 25, 2015, ended.
NEWSFLASH: Seattle, Tacoma file new discussion agreement The ports of Seattle and Tacoma said last week that they have filed a discussion agreement with the Federal Maritime Commission that will allow them "to gather and share information to identify potential options for responding to unprecedented industry pressures.
Hyundai building 19,000-TEU ship for China Shipping The first of the ships is scheduled to be handed over by November. The remaining four containerships are slated to be delivered by the end of the first quarter of 2015.
IAG Cargo purchases Qatar Airways capacity IAG Cargo has signed a commercial agreement with Qatar Airways to purchase capacity on Qatar Airways-operated freighters, and as a result of the deal, IAG is ending an agreement with Global Supply Systems.
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