Safe Bulkers finds outside investor for newbuild kamsarmax Equity funding of $16.9m for 2018 delivery will pay preferred dividend of less than 3%
Libya's crude oil exports may take time to rise Despite an order to reopen three more terminals in the North African country, repairs may delay the flow of cargoes
Oversupply pushes panamax bulker earnings to five-week low Few bright spots across continents as owners rush to find cover
GSF announces plan to end container surcharges by 2020 Cargo owners aim to stop poorly explained charges out of proportion to services provided
Almi orders VLCC brace at Hyundai Samho Owner maintains ordering of large tankers generally 'not recommended'
View from the Bridge: Consolidation is what we have been waiting for Westports chief executive Ruben Emir Gnanalingam expects container shipping supply and demand to return to balance within five years
Rio Tinto to expand Pilbara iron ore mine Completion of development at Silvergrass will bring online another 10m tonnes per year starting from end-2017
Boxship orderbook ratio slumps to new low Overcapacity sees new orders fall and deliveries slide
Royal Caribbean posts 25% rise in adjusted net income on lower fuel costs Bunkers bills for the second quarter came to $176.6m versus $202.6m in the 2015 quarter
Golden Ocean hires chief commercial officer Role will be based in Singapore starting in November
South Korean vessel orders to drop 92% in 2016, says KDB Policy bank foresees bleak year for shipping industry
N-KOM to be preferred yard for Samos Steamship in Middle East New fleet agreement means N-KOM will handle repairs for all Samos Steamship's vessels
Courage Marine switches to secondary listing status in Singapore Conversion will not affect company's primary listing status in Hong Kong
CSIC Ltd to scrap investment in coal mine technology Remaining funds allocated to project will be used to replenish working capital
Matson reports in-line quarterly profit as Hawaii box volumes grow US carrier expects to close Span Alaska acquisition in early August
Gulf Navigation posts 43% rise in net profit for first half of 2016 But company's liabilities remain a cause for concern
Damen Shipyards sets up shop in North America Houston-based office to handle four-tug order from Young Brothers
Hanjin Shipping creditors set to grant restructuring extension Banks want South Korean carrier to secure most of its needed liquidity by itself
Euroseas in legal fight after newbuild axed New York-listed shipowner bins ultramax bulker because of excessive delays and brings flexibility to kamsarmax unit.
Busch bullish after Navig8 Product slump Finance costs eat into bottom line at Oslo OTC-listed tanker owner, despite revenue surge.
Milaha profit slips amid revenue slump Offshore, general cargo and ro-ro declines for Qatari shipowner, but gas revenue jumps.
Navig8 Product suffers slump in profit Finance costs eat into bottom line at Oslo OTC-listed tanker owner, despite revenue surge.
VLCCs on TD3 shed at least $1,000 in one day Latest fixtures from Middle East show day rate has fallen to as low as WS 31 for trade to Asia.
Rio Tinto: China's iron imports grow 9% China needed kickstart in first half for growth; long-term outlook remains muted.
'Several' yards mulled for Matson order US containership owner's chief executive confirms it's looking at more than Philly Shipyard; duo to cost more than $418m.
Safe Bulkers lands fresh equity financing Unaffiliated investor agrees to provide $16.9m for kamsarmax newbuilding in exchange for 2.95% dividend.
Keppel Corp refutes bribery reports Singaporean shipbuilder says its top executives have never authorized illegal payments.
SCI outlines growth plans to government Second-hand purchases, coastwise sectors and management services among SCI's plans.
Damen starts US branch with new order Shipbuilder inaugurates its Houston office with fresh contract signed with Foss Maritime.
Otto takes legal action against Knutzen's firm Singaporean company seeks $2.8m from Robert Knutzen-controlled company over unpaid charters.
July a busy month for Tallink Estonian ro-pax owner reports increase in both passenger and cargo.
China's iron imports grow 9%: Rio Tinto China needed kickstart in first half for growth; long-term outlook remains muted.
Keppel execs allegedly backed bribes Testimony from a middle man involves shipbuilder's top managers but the company refutes it.
Bond plan batters Hyundai Merchant stock Shares suffer largest decline since 1990s after latest fundraiser revealed.
Matson set for 'significant cash flow' Shipowner's second quarter numbers line up with Wall Street bets as chief executive voices positive view.
Bourbon continues to see weak start to 2016 But French offshore shipowner says markets may have reached their bottom and should start to improve.
DBS gave Swiber cash just weeks before collapse Singapore's largest bank made loans in June and July which were used to redeem maturing bonds.
OmniTRAX launches Central Texas & Colorado River Railway A managed affiliate of OmniTRAX, Inc. this week began operating the Central Texas & Colorado River Railway, the company said in a state...
World ACD: Global airfreight market ticks up in June Global airfreight volumes increased 2.7 percent in June 2016 compared with the same 2015 period, according to the latest figures from indus...
U.S. Silica Holdings to buy Sandbox Enterprises for $218.3m U.S. Silica Holdings, Inc. said it will acquire Sandbox Enterprises in a cash and stock deal worth $218.3 million. Sandbox provides innova...
BNSF, Port of Los Angeles appeal court decision that rejects proposed $500m rail yard Burlington Northern Santa Fe Railway (BNSF) is appealing the ruling in the lawsuit challenging an environmental impact statement for a $500...
CenterPoint develops distribution center in Arizona CenterPoint Properties developed a distribution center in Goodyear, Ariz. for Michael Lewis Co., a leader in supply chain managementand ser...
Deutsche Post Q2, first half profits surge despite slipping revenues Deutsche Post DHL Group saw consolidated net profits in thesecond quarter 2016 surge 66 percent to 541 million euros (U.S. $604.2 million) ...
SGX nears formal offer for Baltic Exchange The Singapore Exchange Ltd. (SGX) will make a formal offer to purchase London's Baltic Exchange by the middle of this month, two people inv...
NACPC launches cooperative chassis pool in Savannah The North American Chassis Pool Cooperative (NACPC) has partnered with Consolidated Chassis Management (CCM) to launch a new cooperative ch...
G&W earnings, revenues drop in Q2 2016 Genesee & Wyoming Inc.'s earnings in the second quarter of 2016 slipped 8.3 percent to $48.4 million compared with the same 2015 period...
Expeditors delivers Q2 earnings beat despite 'sluggish' market Expeditors International of Washington, Inc. saw its net earnings attributable to shareholders for the second quarter of 2016 slip 1 percen...
BDP offers retail-oriented execution web apps The third-party logistics services provider BDP International said this week it has begun creating vertical-specific carve-outs of its tech...
Carmichael International expands to Charlotte Carmichael International Service, a customs broker and division of APL Logistics, has opened a new office in Charlotte, N.C. "We believe C...
Executive Moves: UP, Aljex, CentrePort Canada and Allen Lund Co. Union Pacific has named John Kaiser vice president of strategic planning. He has been vice president and general manager for intermodal si...
Port Tampa Bay renews contract with Ports America Port Tampa Bay signed a long-term contract renewal with Ports America last month to operate its container terminal through 2046, as well as...
Port of Seattle, Army Corps agree on tentative dredging plan The Port of Seattle and the Army Corps of Engineers have agreed on a tentative plan to deepen the waterways at the mouth of the Duwamish Ri...
Danaos sees net income surge, revenues slip Danaos Corp. posted a net income of $44.6 million for the second quarter of 2016, a 17.3 percent year-over-year increase, according to the ...
WCMTOA postpones chassis fee Chassis lessors will be subject to a new $5 per chassis fee imposed by container terminals at the ports of Los Angeles and Long Beach start...
Libyan stowaway caught at Port of Baltimore A Libyan national is under the custody of U.S. Immigration and Customs Enforcement (ICE)after being caught April 29 as a stowaway on a carg...
WTO's Trade Facilitation Agreement gains two members The World Trade Organization (WTO) said Peru and Saudi Arabia have become the latest members to ratify the global trade body's Trade Facili...
TOTE establishes joint venture with INTERSHIP TOTE Maritime Puerto Rico established a partnership with International Shipping Agency, Inc. (INTERSHIP) to form a terminal operating compa...
Executive Moves: England Logistics and Tatham Macinnes England Logistics has appointed Scott Hammond as business development manager for its new Atlanta office. Hammond joined the third-party lo...
Matson's Q2 profits soar 82% Honolulu-based liner carrier Matson, Inc. reported profits of$18.0 millionfor the second quarter of 2016 compared with $9.9 millionfor the ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
