TraPac planning major expansion of Oakland operations Agreement to almost double the size of its existing terminal could come before the end of the month
Olympic Ship to get $61m from Norwegian investors Investment by unknown consortium hinges on Olympic's ability to make debt restructuring deal
UK Chamber can stay with Ecsa despite Brexit, Verhoeven pledges Leaving European Union is no bar to membership, secretary-general confirms
Hanjin New York arrest sets no precedent for creditors, Ince confirms Action solely in relation to casualty claims, says law firm
Changing Chinese trade pattern 'to cut need for big boxships' Michel Looten says shipping lines will be operated more in shorter trade lanes in future
Frontline terminates four VLCC newbuilds at STX Offshore Tanker giant to focus on buying resales and on-the-water assets
Visa 'train crash' arrives at British seafarer training academies International students sent home as Home Office refuses three-year visas
Transpacific spot rates hit year high Mid-month GRIs prove a success, while there is mixed news for Asia-Europe carriers
Global crime at sea shows third-quarter third fall Dryad Maritime reports decrease in security incidents but warns of rise in the Gulf of Guinea during fourth quarter
Sale and leasebacks help owners ride out storm Concordia Maritime chief and others are eager to access alternative methods of financing as dark clouds loom
Brics 'to bounce back in 2017' Maersk forecasts increased trade between emerging economies
Marco Polo pushes back $36m note payment to 2019 Company will pay 1.5% interest for next three years with a shipyard in Indonesia placed as a security
Schedule set for Hanjin Asia-US assets sale Potential buyers to be allowed to conduct due diligence, deadlines set for letters of interest and offers
Euronav to delay delivery of VLCC pair Resale vessels pushed back to first quarter of 2017
Size cannot determine our fate, says Yang Ming chairman Bronson Hsieh will lead the company to diversify its business
CMA CGM picks Michel Delville as new finance chief Delville was previously chief financial officer at the Saft Group
JES's auditor issues disclaimer of opinion Shipbuilding firm's financial statements not in order
Swiber to subscribe to Vallianz rights issue Move intended to offset outstanding debt owed by Vallianz
First Chinese teapot-owned VLCCs start crude shipments China's Shandong Landbridge Group becomes first independent oil refiner to own VLCCs
Vard buys firm to boost its aquaculture vessel building Storvik Aqua acquired for $4.3m
Brokers form new group to spur metals derivatives trading New group sees opportunities for steel mills and end-users to get involved
Polemis picks up capesize bulker from NYK Greek owner believed to have bought SWS built bulker from Japanese firm.
Analysts positive on Golar's MLP 'reset' Golar's change in payout plan benefits both parent and subsidiary, analysts say.
VLCC spot rates continue to edge higher Vessel availability dips well below average as spot market continues upward trend.
Ocean Yield cuts last ethylene ship in Sinopacific series Oslo-listed owner says cancelled newbuilding will not be replaced at another yard.
UBS says other owners may delay VLCCs Slippage a common tactic anyway, report says, but newbuilding orderbook high.
Modern bulker faces Namibia auction High court asks for submissions as to why it shouldn't sell off 2009-built vessel.
Local investors give Olympic $61m boost A maritime consortium is willing to help the Stig Remoy-led company with its restructuring.
Sainty Marine warns on bankruptcy Chinese yard admits "high possibility" restructuring will fail.
Norwegian suffers downgrade on pricing Wedbush Securities cuts cruiseship owner to 'neutral' from 'outperform' as signs of market weakness grow.
Frontline confirms STX VLCC order axe John Fredriksen-led owner will get its money back with funds directed to new investments.
Boxship owners must control order appetite Shipbroker Affinity says low newbuilding prices should not tempt companies back to yards.
ITF: Boskalis' plans disproportionate Report issued on behalf of workers' union denounces Dutch dredging giant's job cuts.
Layups continue as PSV rates spike Steady fixing and removal of ships is boosting earnings in the North Sea.
Hanjin Shipping 'contacts buyers' over sale Korean owner reportedly taps up Maersk and MSC over disposal of Asia-US operations.
Pan Ocean sends large bulker for scrap South Korean owner continues its efforts to dispose of 1990s built tonnage.
Kirby tug spills oil after sinking A small ship owned by US company runs aground off Canada and reportedly leaks fuel.
Eidesvik and CGG tear up charter Norwegian owner says Viking Vision has been in layup since July.
Marco Polo stretches debt maturity date Singapore-listed company wins unanimous support for its restructuring plan.
Swiber tries to strike Vallianz debt deal Restructuring Singapore owner wants to make use of subscription rights in rival's share issue.
EMGS cutting staff costs by 20% Seismic survey vessel operator wants to reduce expenses as activity falls.
Was Georgiopoulos pushed out at Genco? Conflicting accounts surface over whether Georgiopoulos left Genco over disappointment with backers or was forced out.
CMA CGM names new chief financial officer Changing of the guard at French liner giant as Michel Sirat calls time after five years in the role.
Manhattan selling bulk of tug and barge fleet Weaker demand for Indonesian coal prompts resource company to make asset disposal.
Braemar shares hit new 52 week low UK shipbroker's stock falls to levels not seen since May 2012 on concerns over poor markets.
Bugbee developing a taste for SALT Company president continues to vacuum up shares in US-listed Scorpio Bulkers.
MMP: Toss AMO's APL Guam lawsuit In battle between US unions over containership jobs, MMP says AMO should keep its complaints within union processes.
K+N lands Belcorp contract Beauty and cosmetic products maker Belcorp, which has a sales network throughout Latin America, has hired Kuehne + Nagel to manage its inte...
GAO pumps the brakes on mandatory ECP A new report from the U.S. Government Accountability Office is urging the Department of Transportation to reconsider its mandate for electr...
Hanjin Shipping assets put up for sale The Seoul Central District Court confirmed Friday that it will put up a public notice of sale for Hanjin Shipping's Asia-US network and wil...
TraPac to nearly double the size of its Oakland terminal TraPac, LLC has reached an agreement to nearly double its marine terminal size at the Port of Oakland. Wilmington, Calif.-based TraPac pla...
SCFI surges 9.8 percent The Shanghai Containerized Freight Index (SCFI) rose 9.8 percent since two weeks ago, from a reading of 707.68 to a reading of 776.93. No ...
Canada launches $55m rail safety program The Canadian government is launching a $55 million program aimed at improving railroad safety across the country, Transport Canada said in ...
U.S. import, export prices tick up in September The U.S. Bureau of Labor Statistics reported Thursday the price indexes for both U.S. imports and exports in September inched up from the p...
Tradepoint Atlantic signs real estate deal with Atlantic Forest Products Atlantic Forest Products, a wholesale distributor of building materials, has signed a long-term lease at Tradepoint Atlantic. Tradepoint A...
FedEx Freight rolls out new CNG fleet FedEx Corp.'s less-than-truckload subsidiary is rolling out a new fleet of trucks powered by compressed natural gas, the company said in a ...
CORRECTION: Hapag-Lloyd invests in more reefer capacity The Sept. 19 AS Daily news report "Hapag-Lloyd invests in more reefer capacity" incorrectly stated that Haag-Lloyd ordered all 5,750 refr...
U.S. lifts more trade sanctions against Cuba The U.S. government announced on Friday another round of amendments to the Cuban Assets Control Regulations and Export Administration Regul...
U.S. seeks to end China's export restraints on 11 raw materials The United States on Thursday asked the World Trade Organization (WTO)to set up a dispute settlement panel to examine and put a final end t...
Port of Liverpool gains HGV refueling station A new 24-hour heavy goods vehicle (HGV) refueling station is currently being constructed at the Port of Liverpool, Peel Ports Group said Tu...
Crude slips as dollar rises; NYMEX Nov holds above $50/b NYMEX November crude settled 9 cents lower at $50.35/b. ICE December Brent settled 8 cents lower at $51.95/b.
External: Praxis Energy Agents S.A
Nigeria hands 2016 oil lifting contracts to six additional traders: NNPC five new beneficiaries of the oil lifting contracts were Chinese firm Sinopec, India's Hindustan Petroleum Corp, Masters Energy, Sacoil Energy Resources and Strategic Fuel Fund
TANKERS: KEY ASIA AFRAMAX FREIGHT UP 24% ON DAY TO THREE-MONTH HIGH Platts assessed the key Aframax Indonesia-Japan voyage up 17.5 Worldscale points on the day to w90 basis 80,000 mt
External: Wired Bunkering
INTERVIEW: ExxonMobil gears up to face challenge of new emissions control rules To meet new environmental regulations, oil and gas major ExxonMobil was developing additional fuels
INTERVIEW: Nasdaq eyes Asia for expanding freight, energy business
FUTURES: Oil rangebound as spectre of OPEC deal overshadows US data
FUTURES : Crude holds steady in Asia amid mixed EIA stocks data
FACTBOX : Russia has history with OPEC, but it's complicated Russia, the world's second biggest oil producer behind the US, has said it was ready to join a coordinated output freeze with OPEC
Brent-Dubai EFS, rising VLCC rates hamper crude arbitrage to Asia
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