Hapag-Lloyd completes share placing German container line Hapag-Lloyd has managed to complete its IPO on the German stock exchange but probably with severe consequences for its existing shareholders.
Brazil strike to impact crude, product tanker markets The strike by workers at Petrobras oil production facilities in Brazil is expected to have a positive impact on product tanker demand and a negative effect on the crude tanker sector.
Danaos income soars on lower financing costs, higher charter revenue Danaos' third-quarter income soared by 143% year on year as the container ship owner reduced its financing costs and grew its charter revenues.
El Faro's bridge and voyage data recorder are still missing Underwater sonar device will be used to generate a map of the debris
Recycling part of shipping's corporate social responsibility, conference told Owners need to do more than Hong Kong convention minimum
Port of Houston reports rise in chemical tanker arrivals Increase follows seasonal big drop in August
The results round-up A list of Wednesday's earnings stories from the maritime industry
Cosco Shipping suspends $396m private shares placement Parent group's restructuring 'contains large uncertainty', specialised vessel unit tells regulator
Tankers keep MISC profit level despite heavy impairment Offshore downturn to affect future heavy engineering earnings
Liner reliability at all-time high MOL holds on to top spot as carriers clock record monthly on-time performance in September
Petrobras strike may hit VLCC and suezmax markets but benefit product trade Scandal-mired Brazilian energy giant sees lower oil output amid industrial action
DHT intent on catching up with rivals in coming months Soon-to-be-delivered newbuildings, combined with three VLCCs coming off time charter, give DHT extra earning power and value to investors
Maersk Supply Service cuts 200 more jobs Company cutting costs ahead of expected further lay-ups
Greek owners' growth comes as a surprise, says analyst Tonnage grew 7.5% over the last year despite adversity
Product tanker rates slump on excess tonnage It could take weeks before activity picks up
Scorpio Tankers firing on all cylinders Option exercised for additional MR vessels as expanded fleet and improved operating margins help generate $150.8m third-quarter ebitda
Lower charter rates drag down Rickmers Maritime third-quarter revenue Trust temporarily suspends distributions to conserve cash
MSC to cut chartered fleet but no order cancellations Chartered ships will be returned but MSC will complete existing newbuilding programme despite Maersk's option cancellations
Idle box fleet at highest level in 18 months Number of inactive vessels on the rise as volume demand continues to disappoint
Tidewater ends second quarter with 51 ships in lay-up Lower revenue and utilisation bring second consecutive quarterly loss
DP World community work has helped 65,000 people But corporate social responsibility impacts have to be measured, conference told
Bourbon lays up 31 as utilisation tumbles Oversupply sees average rates fall 11.4% in the third quarter
Ferd offers Fjord Line $23m for fresh equity Investor offers NKr5 per share for 40m freshly issued shares
CKYHE trims Asia-North Europe and Mediterranean services Nine voyages to be cut over next two months to adjust for seasonal market
DHT beats expectations as it pockets $28m Better figures arose from fleet growth and a stronger freight market
GA Holdings prices 49% Ardmore stake in public offer Ardmore Shipping will not get any proceeds from the public offering
Maersk Line axes jobs and scales back fleet expansion as demand fails to live up to expectations UPDATED: Carrier will not exercise options to acquire six 19,630 teu vessels but large ships still a key driver for Maersk's strategy, says Skou
Ocean carrier reliability hits all-time high, SeaIntel says With carriers in the Asia-Indian Subcontinent, Middle East-Asia and Asia-Mediterranean trades leading the way, global on-time performance in September reached an all-time high on the SeaIntel reliability index, the Copenhagen-based consulting firm reported today. SeaIntel's Global Liner Performance report, which has been tracking ocean carrier schedule reliability since July 2011, said...
Expeditors continues streak of double-digit profits Revenues were down 3 percent to $1.7 billion and operating income was up 21 percent to $192 million year-over-year at Expeditors International of Washington in the third quarter. The company said strategic initiatives propelled its operating income into the double digits for the fourth straight quarter as air freight tonnage increased...
NYK hopes diverse business lines will get it through tough market NYK Line hopes its diverse array of business lines will help the company overcome the plunge in rates caused by overcapacity hitting the industry and has no plans to back away from its mega-ship orders. Excess container capacity will be a defining feature of the market into the future, and it...
Putting respect in driver's seat is vital to future of US harbor trucking You won't currently find a situation where drivers are in short supply in the Houston market. And although container volumes through the Port of Houston are up a solid 11 percent through August, in part because of diversions from the West Coast, equipment isn't in short supply. "Equipment availability is currently...
Wrap-Up Report: JOC Inland Distribution Conference JOC Senior Editor Bill Cassidy reports on the Oct. 2015 Inland Distribution Conference, including insights from FedEx Chairman Fred Smith, key concerns facing shippers and and regulatory changes impacting truck drivers on the road. ...
USA Truck hits double-digit profit, revenue pothole USA Truck's profit and revenue fell by double-digits in the third quarter as it works to restructure operations and implement new technology. The company had to absorb a restructuring charge of $2.9 million in the quarter, which dragged revenue down 19.6 percent to $123.5 million and profit down 32.5 percent to $2.7...
CKYHE Alliance blanks Asia-Europe sailings LONDON - The pan-Asian CKYHE Alliance has blanked nine sailings from Asia to north Europe and the Mediterranean in response to shrinking demand in the slack winter season. The alliance, comprising China's Cosco, K-Line of Japan, Taiwan's Evergreen and Yang Ming and Hanjin Shipping of South Korea, will cancel nine sailings from...
Digital Logistics - The Logistics Enterprise of the Future Technology-led disruption has already begun for all logistics enterprises - Asset, non-Asset and shippers. We are currently being overloaded with IoT, Big Data, predictive analytics, mobile and communication technology, wearables, gamification etc.. Logistics enterprises and shippers are struggling to find clues on where can they begin, what's the ROI, which...
Low prices, high risk Ship operators with poor payment records may be accessing unduly generous volumes of product.
OW lawyer: '$125 million has disappeared' Examination of Tankoil's books finds not very much.
Piraeus bunker deliveries face disruption as strike continues 'We have three stemmed vessels to supply but due to the strike, we cannot load from refineries.'
Meech: No growth in demand despite low oil prices Thinks demand is softening this year,predicts low oil prices and slow demand growth in coming decade.
Cape Town: Second bunker barge call To avoid missed opportunities.
Maersk Line scaling back capacity and cutting jobs 'A number of markets have disappointed with a lot weaker demand than expected,' says chief executive.
Ferry arrest: WFS among list of creditors Bunker supplier seeking interest and late fees.
Cruise vessels get fuel-saving propulsion system Newbuilds to be built in Italy.
Cruise ferry under arrest at Portland World Fuel Services among list of creditors.
Nustar Energy quarterly earnings up Firm's fuels marketing segment recorded operating loss.
Cruise vessels to utilise fuel-saving propulsion system Newbuilds to be built at a Fincantieri shipyard in Italy.
Red Sea player makes first STS bunker delivery Red Sea Bunkering begins deliveries on schedule.
Singapore: Research house focused on energy efficiency DNV GL builds marine research portfolio.
Chandris fined $1 million for falsifying oil record book Related to a USCG oil book inspection on January 3.
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