2M lines to start direct Asia-US Gulf link New MSC-Maersk loop will transit Panama Canal but use existing panamax class ships for now
Institute clauses contain pitfalls, Association of Average Adjusters warns 'All risks' policies may not cover all risks, industry audience is told
Dynagas Partners inks long-term deals for two LNG carriers Tony Lauritzen-led owner doubles its revenue backlog, settling distribution 'concerns'
Empros Lines joins V.Ships in new bulker management unit Greece-based joint venture builds on Costamare model and starts with six vessels
GasLog takes first of eight 174,000 cu m newbuildings Samsung-built 'GasLog Greece' is among seven in the series that have long-term employment with Shell
Compressed peak seasons for US container shipping Strong cargo surge that does not last as long as in former years
China Merchants Holdings posts 6% growth in net profits Robust growth in overseas ports underpins volumes and earnings
China Oilfield Services hit by downturn and impairments Revenue declined mainly on lower contributions from drilling services segment
MOL to cut capesize bulker fleet by 10% and sell boxships Mitsui OSK Lines expects $1.6bn extraordinary loss from structural reforms, slightly less than previous forecast
Carnival Corp income jumps on healthy cruise demand Lower fuel expenses also contribute to earnings
Shipping rates for gas to remain low through 2016 LNG projects to come online in Australia are expected to increase downward pressure on rates
Product tanker trade lacklustre after Easter holidays Market lacking activity except for MR trades in Atlantic basin
APM Terminals to build new 5m teu terminal in Tangier Focus on transhipment at Africa's first automated facility
China Shipping Container Lines posts net loss for 2015 Results knocked by vessel writedowns and depressed freight rates in container shipping market
Mermaid Maritime unit awarded subsea services contract in Gulf of Thailand Two-year contract is worth around $10m and comes with a one-year extension option
Mercator sells another bulker to generate cash Bankrupt bulker owner disposes of a further vessel for $2.9m
Eagle Bulk in full restructuring mode New $60m loan facility leaves current shareholders with just 10% of recapitalised company
Why dry bulk vessel values are not what they seem Overstated accounting values threaten accuracy of dry cargo firms' financial statements
Fincantieri bags record orders, posts 2015 loss Italian shipbuilder loses EUR 289m during year but logs EUR 10.1bn in new contracts.
Eagle Bulk's quarterly operating loss grows But without costs of 2014 restructuring, bottom line looks better for bulker owner.
Eagle Bulk shares sink over dilution concerns Stock price plunges 50% as restructuring deal to see swathe of new shares issued to participating investors.
China Cosco confirms Valemax set at SWS Series of 10 giant bulkers placed at leading China State Shipbuilding yard.
Zodiac linked to Mizuho capesize Brokers believe Eyal Ofer-backed owner could soon add to its capesize fleet.
Grounded Greek supramax refloated Navigation on the Parana River is now re-established as EastMed's bulker freed.
Clarksons pay stays flat as profit climbs Top executives see renumeration remain stable despite jump in underlying earnings in 2015.
Dynagas strikes duo of time charter deals LNG carrier owner locks two vessels under long-term agreements but steps back from increased dividend.
Norwegian inks $481m luxury cruiseship deal Fincantieri to build 738-berth sistership to Seven Seas Explorer with delivery slated for 2020.
Chang Myung scraps capesize in $6.4m sale South Korean owner sends one of its veteran bulkers for scrap.
Suez Canal launches 30% toll discount Waterway's authority reduces its tariff after companies started avoiding Egypt to save costs.
Tanker blast kills two in Germany Explosion on motor tanker claims the lives of two workers aboard a motor tanker at Duisburg's yard.
APM Terminals expands Moroccan facility AP Moller-Maersk division in $861.5m investment at the Tanger Port.
MOL warns of losses from restructuring Japanese giant outlines restructuring plan which will see its Singaporean business transferred to Tokyo.
GC Rieber finds new non-oil customer Oslo-listed company signs eight-month deal with Nexans Norway for trenching and cable laying work.
Sales talk surrounds Teekay suezmax pair Rumours linking NAT with two tanker purchase thought to be unfounded.
Fake bomb warning on Attica-owned ferry Nothing suspicious found on Greek passengership moored at Piraeus after anonymous phone call.
Wintermar Offshore breaches multiple loan covenants Loans affected amount to 73% of its total bank debt of $120m and 24 vessels used as security.
Former Hawaii Superferry set for US-Canada route High-speed ferry set for new life re-connecting Yarmouth-Portland after seven-year absence.
Mercator Lines close to further asset disposal Shipowner enters into a memorandum of agreement for the sale of one of its panamax bulkers.
GoldenTree wins perch on Eagle Bulk board Steven Tananbaum's hedge fund comes out of recapitalisation agreement with director position.
Mermaid Maritime ties up second small offshore deal Thai offshore vessel operator awarded a subsea ROV services contract in the Gulf of Thailand.
At long last, Eagle Bulk strikes deal on debt New York-listed bulker owner to receive $105m in new liquidity as part of comprehensive recapitalisation.
France's Bourbon acquires 3 gas transportation companies from Jaccar Buys leader in ethane transportation with greater than 50% market share.
Chinese trader PetroChina takes on fuel oil storage tanks at Port Klang Port has container activity growth potential.
Fujairah trading firm FNSA Fuel expands trading operations Moves to bigger office in Akron Building.
Singapore Q2 ex-wharf 380 CST bunker fuel term inked at $0.5-$1/mt premiums Tight availability in December, H1 Jan pushed up term premium for Q1.
US DATA: EIA says fuel oil stocks up slightly; imports, production down Domestic fuel oil stocks ended the week at 46.013 million barrels, a build of just 36,000 barrels from the previous reporting period.
Crude futures inch higher after EIA reports build in US crude stocks US commercial crude oil stocks increased 2.299 million barrels to 534.834 million barrels in the week that ended March 25.
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