DryShips seeks compromise from banks Economou converts $8.7m loan amount to preferred shares
Capesize rally interrupted by Asian holidays Hanjin's chartered-in vessels add to supply glut tempering capesize rates
Star Bulk raises $51.5m in equity offering Offering at $4.30 gets major shareholder backing
Matson issues $200m of 15-year notes Proceeds to pay off revolving credit facility tapped in Span Alaska acquisition
Viking Supply Ships gets debt-for-equity go-ahead Chief executive steps down after five years
US LNG runs into headwinds Challenges emerge for new LNG shipping trade out of US Gulf, which started exports earlier this year
GC Rieber wins charter extension for Polar King Extension starts in September 2017 and takes vessel's employment through to September 2018 amid challenging offshore industry
Rickmers Maritime warns of liquidation if debt restructuring fails Container shipping trust unable to meet debt and interest payments as cash silos are severely depleted
Hanjin Shipping not a 'Lehman event' Hanjin crisis to have significant impact on The Alliance, says Alphaliner's Tan Hua Joo
Hanjin collapse is not a surprise, says Costamare Owners consciously avoided South Korean lines as 'someone had to go'
Otto Marine ceases winding-up application against Hoe Leong Offshore services provider receives $920,000 cashier's order for debt owed
Huarong Energy yet to win creditor approval for debt-to-equity swap Company warns that debt settlement plan may not proceed
Hanjin-chartered dry bulk vessel sold for $23m More distressed vessels to land in the market at heavily discounted prices, says broker
Star Bulk creditors agree on debt restructuring Company to also raise $51.5m in new equity via major shareholders
Will the ballast water convention be the saviour of weak freight markets? Arctic Securities sees help on the supply side with 6,600 ships facing risk of removal
The fear factor The London P&I Club is right to warn us of the risk of cyber-attack, but there is a degree of complacency that will probably remain until something frightful happens
Aljex, Triumph Business Capital offer freight payment services Aljex Software has joined with Triumph Business Capital to provide two new working capital services to brokers, carriers and third-party lo...
Radiant Logistics posts FY net loss of $5.6m Radiant Logistics, Inc., a third-party logistics and multi-modal transportation services provider based out of Bellevue, Wash., reported a ...
Report: Another 13-year-old containership scrapped Hammonia Reederei is the latest company to scrap a relatively young containership, according to a report from maritime news outlet Splash 2...
Charleston prepares for larger ships despite trade slowdown SCPA President and CEO Jim Newsome Source: SCPA Optimizing terminal operations, infrastructure investment and expanding the cargo base rema...
Rickmers Maritime seeks to restructure debts Rickmers Maritime is seeking to restructure debts worth $100 million Singapore (U.S. $73.2 million) in order to avoid a complete liquidatio...
Typhoon Meranti causes chaos at Port of Kaohsiung Typhoon Meranti wreaked havoc on the Port of Kaohsiung in Taiwan Wednesday, blowing over several containers stored at a yard in Kaohsiung's...
BIMCO: Newbuild vessel orders drop to lowest level in 20 years Contract orders for new build vessels at shipyards around the world have fallen to their lowest level in over two decades, according to the...
ITC offers miscellaneous tariff bill website The U.S. International Trade Commission (ITC) has released a new web page to provide information about how it plans to implement new duties...
Executive Moves: INTTRA and SEKO The shipping portal INTTRA has named Philly Teixeira president for the Europe, Middle East and Africa region.She most recently served as vi...
Houston IFO 380 bulk-to-retail spread narrowest in over two weeks The Houston spread narrowed to 45 cents/mt on Thursday, the smallest difference in 14 consecutive trading days.
TANKERS: First time in seven weeks Caribbean VLCC rates top $3 million The Caribbean-Singapore route was assessed at a lump sum of $3.1 million
TANKERS: Caribbean Suezmax rates highest in almost two months The Caribbean-US Gulf Coast route basis 130,000 mt was assessed at Worldscale 63.5, or $5.36/mt
Plan needed before St. James lease decision: US Energy Secretary US Energy Secretary Ernest Moniz confirmed Thursday the Department of Energy was discussing retaking control of the St. James marine terminal in Louisiana once a lease with Shell expires
Feasibility of LNG hub at Sicily's Gela refinery to be studied This would be aimed at both the land and sea distribution markets through the building of a mini-liquefier plant and a mini-LNG terminal used for importing and then distributing LNG
Libyan oil liftings seen despite port turmoil: market sources The lifting of the force majeures comes just days after the Libyan National Army led by General Khalifa Haftar, which is loyal to one of the rival governments based in the east, seized the oil terminals over the weekend and Monday
RUSSIA DATA: Oct crude export duty to rise 15% on month to $12.54/b
Operations at French ports and refineries unaffected by strike Shipping sources said the strike at Le Havre -- a major shipping hub in the northwest of the country -- only lasted for a few hours, while a representative of the CIM terminal said there was no strike at the termina
REFINERY NEWS: Omsk to add bunker fuel, bitumen volumes on coker repair
External: Wired Bunkering
GLOBAL VLCC TRACKER: Asian landings fall, even as Mideast exports steady
TENDER DATA: India's IOC offers 35,000 mt 380 CST HSFO for Oct 1-3
TENDER DATA: Kuwait's KPC sells 720,000 mt HSFO for Oct-Dec
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