New gas-fired power plants will boost LNG shipments into Japan this year World's biggest gas importer offers new opportunities for vessels
Tanker hijack could signal move further afield for West African pirates Dynacom vessel carrying gasoil has been out of contact with owners since Friday
The cost of early adoption Invest in environmental technology at your peril
IMO regulations need better implementation Sekimizu sets out his theme for World Maritime Day 2014
Sekimizu renews calls for faster adoption of IMO conventions Secretary-general seeks 'genuine progress' in implementing the organisation's goals
Euronav could buy more VLCCs Belgium-based tanker operator to push for further industry consolidation and sees more robust market continuing through first quarter
VLCC earnings top $60,000 per day Rewards from Middle East to Asia voyages hit three-and-a-half-year high
Box throughput surges at top global ports Monthly containers index hits its highest level on record
Sanko Power bidding tops $49m Eastern Pacific Shipping set to win 2010-built capesize bulker in court auction
Investigation launched after asphalt carrier sinks Evergreen Line's Ever Summit rescues 16 crew from lifeboat off Vietnam
Product tanker owners opt for time charters Owners lock in midterm contracts' steady earnings rather than risk spot market fluctuation
Singapore releases Cosco bulker Shipowner provides security against detained Fu Kang
Topaz spends $100m on two anchor handling supply vessels Vessels will be deployed on long-term charters servicing BP in the Caspian
Panama Canal parties hold peace talks Authority and GUPC builders seek to resolve their $1.6bn cost overrun dispute
HHI reports hike in shipbuilding, offshore and engineering orders Divisions secured $16bn worth of bookings last year
Owners meet to discuss Somalia job creation Solution to piracy lies ashore, argues Clipper boss Gullestrup
BHP Billiton reports hefty production increase Cheaper iron ore prices and increased output could be boon for seaborne shipments
Consolidation is on the cards for shipbuilders Last year's upturn in orders has failed to boost yards' balance sheets
Pivotal Charleston cruise suit dismissed Carnival's operations in Charleston are not unlawful and do not pose a nuisance to citizens, the South Carolina Supreme Court has ruled
Navios rides perpetual preferred wave Navios Holdings is the latest shipping seller of perpetual preferred equity, a hybrid security that continues to build on last year's momentum
Panama Canal contract tensions ease A compromise could be taking shape in Panama, raising hopes that a severe delay in the historic canal expansion project can be averted
Box trades gathering steam The positive growth trend in global container liftings is getting firmer, according to fresh trade indices from European analysts
Frontline plans to raise ATM share offering to $100M Frontline, the listed VLCC and Suezmax operator in John Fredriksen's business empire, says it plans to raise its At the Market (ATM) share offering from $40M to $100M
Far East demand boosts lumber trade Strong demand from Japan and China has pushed the global trade of logs and softwood lumber to its highest level since before the 2008 world economic crisis, according to consultant Wood Resources International
Tanker feared hijacked by pirates off Angola Greek tanker operator Dynacom Tankers says that it fears that one of its vessels, the 42,331 gt MT Kerala, has been taken over by pirates off the coast of Angola
Frequency down, claims costs up for German hull insurers The claim costs for German hull & machinery insurers have increased in the past year, despite a marked reduction in the number of incidents
Sungdong wins Kamsarmax contract South Korean shipyard Sungdong Shipbuilding has signed a contract for up to six Kamsarmax bulk carriers with UK-based Reuben Brothers
Euronav seeks positive outlook for tanker sector Belgian tanker operator Euronav said that it expected the current recovery in the tanker market to last at least until the end of the current quarter but warned that it remained fragile, with supply and demand still finely balanced
Suit in Charleston chewed The South Carolina Supreme Court has thrown out a lawsuit claiming that a Carnival Cruise Lines ship's operations were threat to Charleston's historic preservation district.
Hapag-Lloyd & CSAV mint MOU Hapag-Lloyd and Compania Sud Americana de Vapores (CSAV) have signed a memorandum of understanding that has set the stage for the formation of the world's fourth largest carrier.
Who cares about the canal? Tensions fuelled by a billion-dollar dispute over cost overruns tied to the expansion of the Panama Canal are starting to ease but some industry insiders are still on edge.
Fourth cape for Cargill Cargill has signed its fourth capesize period contract in quick succession.
Oceanografia in audit row Oceanografia has blamed "errors and misunderstandings" by Mexican officials after allegations emerged of irregularities in contracts with the government oil monopoly.
ABY wins Deiulemar race Augustea-Bunge-York (ABY Holdings) has emerged as the surprise victor of an auction to take over the dozen-strong dry bulk fleet of bankrupted Deiulemar Shipping.
USC faces rebellion Minority shareholders of St Petersburg shipyard Severnaya Verf are opposing a buy-out offer from state-owned United Shipbuilding Corporation (USC).
Unithai eyes Myanmar Thai shipyard group Unithai is venturing into Myanmar with a new joint venture.
CSG raises $500m China Shipping Group (CSG) has sold $500m in US bonds in an over-subscribed issue.
Rotterdam volumes dip The port of Rotterdam has announced a small fall in 2013 throughput, but bulker business has increased.
Navios targets $50m Navios Maritime Holdings is looking to raise $50m from its latest trip to Wall Street.
One out, one in Norway's Solvang has ordered a third gas carrier at Hyundai in Korea after chartering another ship under construction there to Statoil.
Saremar to repay aid Italian ro-pax owner Saremar will have to pay back EUR 10.8m ($14.64m) in illegal state aid.
Rich Forest still afloat The US Coast Guard (USCG) is discussing salvage options with the owner of a bulker abandoned and taking on water off Guam.
Rauma sold to city Korea's troubled STX group has offloaded its doomed Rauma yard in Finland to the city authority.
Arrested Sanko cape sold Singapore-based Eastern Pacific Shipping has snapped up the 181,200-dwt Sanko Power (built 2010) at auction in Hong Kong.
ABG seals debt deal India's ABG Shipyard has won approval for its INR 111.5bn ($1.78bn) debt reorganisation, it confirmed on Wednesday.
Solvang fixes gas carrier Statoil has fixed a Solvang LGC newbuilding for up to 10 years on delivery in 2015.
Dynacom tanker missing A Dynacom tanker is feared hijacked off Angola in an incident which has created fears surrounding the spread of piracy off West Africa.
Frontline hikes ATM Frontline is looking to take advantage of rising investor interest in the crude tanker market by more than doubling the size of its ATM offering.
Terminal IPO pulled Dutch container terminal operator Terminal Investment Limited (TIL) is scrapping its IPO plan in Amsterdam.
Union shocked by Stena Crew union Nautilus has condemned a plan by Stena Line to seek a pay freeze and longer hours from UK workers.
Topaz buys AHTS pair Topaz Energy and Marine has acquired two anchor handlers from troubled Indian shipowner Varun for over $100m.
Tanker sinks off Vietnam All 16 crew have been rescued after a tanker sank off Vietnam.
Navios ship targeted A Navios-owned product tanker has been identified as the target of the first confirmed piracy incident in 2014.
CSL in Chinamax first Canada Steamship Lines (CSL) has successfully completed the first ever loading of a Chinamax bulker in North America.
China steel output up China's crude steel output reached 779mt in 2013, a year-on-year increase of 7.5%, according to government statistics.
Winds blast Widuri The Indonesian port of Widuri in Indonesia has closed due to poor weather conditions according to agency company GAC.
Bringing home baby The launch of Teekay Corp's latest spin-off bodes well for affiliate Teekay Tankers, a leading equity analyst told clients Tuesday.
Euronav hungry for more The recent acquisition of 15 VLCCs from Maersk Tankers is unlikely to be Euronav's last foray into the sale-and-purchase market.
NEWSFLASH: Hapag-Lloyd, CSAV talk merger Hapag-Lloyd said it has signed a memorandum of understanding with the Chilean container shipping company CSAV about combining the container shipping operations of the two companies.
Calif. coalition pushes for freight plan "Our air pollution problem is so bad that communities from around the state are uniting to take on the issue. Moving to electrification and zero emission transportation technologies can literally save lives," a coalition member said.
Battle lines remain strong in Panama Canal contract fight
Portland terminal hit with congestion Congestion at the Oregon port's Terminal 6 caused the operator ICTSI to take the unusual step on Tuesday of allowing truckers to only deliver empty containers in the morning and pick up import containers in the afternoon.
Winter storm closes New York terminals Wednesday The Port Authority of New York and New Jersey on Wednesday morning advised users to check individual terminal Websites for the latest information on servicing vessels and their hours of operation for Thursday, Jan. 23.
SeaIntel: P3 will have younger fleet than G6 "This significantly younger fleet, combined with the fact that the P3 carriers will deploy significant larger vessels than the G6 carriers, means that the P3 alliance will have substantial lower unit cost than the G6 alliance," the analyst said.
Report: Ghana's bunkering services on the decline Private bunkering firms 'needed' to serve demand.
Little movement in Fujairah bunker prices South African bunker prices generally firm.
Prices head up in major European ports Little demand registered at Gibraltar.
Rotterdam cargo throughput falls Volumes down year-on-year.
Danish shipowners discuss Arctic strategy Arctic strategy should be pro-environment and pro-business.
Fuel switching needs 'very careful management' Training company offers 'practical guide' on switching to low sulphur fuels.
Pirates suspected of seizing fuel oil tanker off Angola 'If substantiated, this demonstrates a significant extension of a threat to shipping in areas that were thought to be safe.'
Thoresen in secondhand buy Young vessel said to be fuel efficient.
'Costly LNG' makes fuel oil attractive Global demand is pushing up LNG spot price.
ExxonMobil: Asia-Pacific will see strong demand for clean diesel Tougher emission controls on shipping will spur demand.
Bunker prices marginally down at major Asian ports Supplies of marine fuels remain tight at marine facilities.
Oil sheen spotted in Philippine strait Sheen is five-metres wide and two kilometres long.
EU: Ban on carrying Iranian crude oil cargoes lifted Ban will initially be lifted for six months.
Tanker owner upgrading vessel To improve fuel efficiency and commercial capability.
Bunker fuel management a 'key concern' for owners and operators Marine insurer says planning and investment best way to meet the challenge.
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