Pan Ocean launches ship management arm Pan Ocean's Delicata... the company has recently launched a ship management company.
Dry bulker values continue to fall VLOC Montecristo... valuations of dry bulk carriers continue to fall.
Big data to drive seafarer welfare reform Mariner access to communication tech is fundamental to a decent working life.
Yokohama foreign box throughput declines for seventh month in a row Port of Yokohama's October throughput was 3.8% lower than the previous year.
Container shipping losses expected to exceed USD 5 billion this year Supply and demand is in part responsible for the industry's expected losses.
VLGC market faces testing 2016 After a relatively good year, freight rates for very large gas carriers may face some downward pressure due to high newbuilding deliveries. Excited at the prospect of more LPG cargoes becoming available due to US shale production, ship owners rushed to place orders in 2014 and those newbuildings will hit...
HHIC applies for creditor's management South Korea's Hanjin Heavy Industries & Construction (HHIC) has applied to be managed by its main creditor bank, Korea Development Bank (KDB), as the poor shipping market continues to plunge shipbuilders into financial difficulties. Under this arrangement, HHIC could stave off receivership by postponing loan repayments. As of 30 September 2015, HHIC had a...
Passengers, crew safe after ferry capsizes off Malaysia All 158 passengers and seven crew members on board a Malaysia-registered ferry that capsized off Semporna, Malaysia, on 6 January have been rescued by local authorities.Zuhairi was travelling from Bongao in the Philippines, to Semporna, Sabah, Malaysia, when it and a barge collided near Semporna at 2020 h local. The...
Vallianz buys two AHTS for USD21.8 million Singapore-listed offshore services provider Vallianz Holdings (Vallianz) has bought two new anchor handling tug supply (AHTS) vessels for SGD31.2 million (USD21.8 million). The sales agreement was signed by Vallianz's wholly owned subsidiary Vallianz Engineering Limited with an independent third party. The payment consideration for the vessels was based on willing-buyer, willing-seller...
VLGC spot rate drops as New Year kicks off US-Asia arbitrage should increase demand and prevent further rate falls, owners hope
Plunging BDI hits new record low with US Gulf market only bright spot Supramax and handysize trades from US Gulf show strength in an otherwise dismal day
Bourbon chief financial officer out after a year General management 'evolves' leaving Nicolas Malgrain behind
European Commission clears Crystal Nordic joint venture North Europe chemical tanker venture will be based in Copenhagen
Chinese shipping firms eye Southeast Asia for future growth Rosy outlook is based on the region's economic potential and Beijing's One Belt One Road initiative
Greek owners top S&P charts Nation's owners behind 25% of spending in 2015, says Allied Shipbroking
HHIC seeks debt restructuring with creditors Korea Development Bank likely to approve the request
Shalabh Mittal resigns from board of Mercator Singapore unit Pushpatraj Shivlal Shah has been appointed to the new board
Polarcus outlook not affected by TGS cuts Multi-client revenue share 'insignificant' part of revenue forecast
Outlook 2016: Environmental wrangling kicks a political football into play Shipping barely mentioned at December climate meeting in Paris but lobby groups seem to think it should be one of the main targets for CO2 regulations
TGS tightens belt for 2016 Spending forecast cut by half as 2015 revenues fall 33%
Moore Stephens predicts volatile 2016 Portents for year ahead 'not all bad', Greiner says
Between the Lines: Alliance reshuffle as CMA CGM takes on NOL The impact of a beefed-up Ocean Three
Mundra box terminal to grow into major transhipment hub Adani Ports joins with MSC unit to equip expanded terminal with 15 super-post panamax quay cranes able to handle 18,000 teu ships
Wisdom Marine posts stronger results in 2015 Wise choice in newbuildings helps company secure high-margin charters
Malaysia-registered ferry hits barge More than 150 people rescued but 21 on board ferry suffer minor injuries
Energy Atlantic set to load first US LNG cargo from Gulf Coast Cheniere Energy's Sabine Pass liquefied natural gas terminal will become the first LNG export facility in the US in decades
Vallianz acquires two new vessels for $21.8m Vessels to be paid for in cash and shares
Indian thermal coal imports remain weak Impressive growth in Indian coal production holds down demand outlook
Ports America to operate intermodal transfer service at Seagirt Marine Terminal Operational responsibility was taken from CSX Intermodal Terminals
Shipping pummelled in Wall Street slump China woes trounce stocks in New York on day full of bad news for the bulker sector.
VLGC rates fall in New Year Newbuilding deliveries, easing Indian port congestion and China slowness cited.
Trade pact to boost exports A study posits signatories to October deal could reverse worsening export outlook.
Gas and crude shares on menu for 2016 LNG and tanker owners only in Clarksons Platou Securities top picks for this year.
Aframax spot rates slump on tonnage list More stability Thursday, but average TCE rate is 27.7% below this time in December.
Seanergy approves reverse share split The Stamatis Tsantanis-led company joins other bulkers in effort to stay on bourse.
Crude plan ditched New owner of Grays Harbor biodiesel plant says it will not now use facility to ship US oil.
Seanergy oks reverse split The Stamatis Tsantanis-led company joins other bulkers in effort to stay on bourse.
Noble reassures after rating downgrade S&P places group in junk range, but charterer says planned deal will bolster finances.
Time for teenage kick-outs as BDI falls further Herman Billung thinks 15 may be too old for capesizes as Baltic Dry Index sets new low for third successive day.
EU clears tanker tie-up KKR-backed Borealis free to create 15-ship Crystal Nordic with Nordic Tankers.
Ferry capsizes off Malaysia 158 people rescued after Citra Line's Zuhairi partially sinks off Semporna.
Clarksons sticks to £50m profit forecast London-listed shipbroker says trading has matched expectations since November warning.
Boxship losses to top $5bn Drewry predicting tough year for owners as they fail to take sufficient action to cut capacity.
Stifel raises Navios liquidity red flag Analyst says recovery may come too late for owner as he cuts New York-listed shares to 'sell'.
Hanjin Heavy seeks deal with creditors Korean shipbuilder's stock falls to record low as it signals debt restructuring talks.
TGS slashes spending Seismic survey ship charterer sees investment falling by more than 50% this year.
Chinese bloodbath coming Shanghai shipping institute predicts surge in bankruptcies for bulker owners this year.
Subsea 7 spend continues Oslo-listed owner buys back another $30m of its convertible bonds.
SCF buys into Atlantic Private equity group SCF Partners offers convertible loan to offshore player Atlantic Navigation.
Vallianz expands fleet Singaporean offshore player buys two vessels for a total of $21.8m.
Mabuhay sunset Sinking of cruiseship off Cebu marks end of Chiongbian shipping empire.
Stifel predicts bankruptcy for Navios Analyst says recovery will come too late for owner as he cuts New York-listed shares to 'sell'.
Cohen to start own shop after DVB exit Bank's head of shipping restructuring departs after 14 years to set up advisory business.
Turkish supplier reports volumes up by nearly 40% Energy Petrol supplied 347,000 mt of product in 2015.
Draft ISO 8217 revision up for approval Main change in sixth edition is new set of distillate grades allowing up to 7% FAME, and notes on contaminants.
LNG bunker supply vessels will need 'specialist crews' 'Newcomers must not treat LNG bunker-supply vessels as though they are any other bunker-supply ship.'
Tight bunker avails at Istanbul Market expected to become busier next week, says source
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