MPC Capital raises $398m with eight-vessel sale Deal with an Asian finance syndicate almost doubles the initial investment
LNG shipping rates rift ratchets up Industry participants eagerly watch market trajectory amid disagreements over freight rate development
Coal price rally likely to cut China's import needs Rally will see ramp-up in local output as producers cash in
Maersk Line back on the acquisition trail as organic growth slows The world does not need a lot of new containerships, what it needs is consolidation, says Maersk Group chief
Aronnax: Ballast by numbers Race is on to be first tech company to win US type approval for management system
First VLGC demolition deal since 2011 Freight rates inch up in fragile recovery but more supply measures might be needed
US pipeline leak boosts triangulated MR tanker rates Transatlantic fuel shipments triggered by outage of Colonial pipeline feeding southeastern US
Marco Polo Marine warns its viability hangs in the balance Company says it will default on next month's notes and expects record fiscal year losses
Capesize earnings spike to 13-month high Time charter average reaches $15,000 per day on tonnage tightness in the Atlantic market
Topaz Energy orders two additional vessels from Vard Newbuilding deal worth around $40m
Suezmax earnings surge to the $30,000 per day level Opec cartel indecision to further support tanker market fundamentals
A supersized problem Safety, security and efficiency at the ship-port interface in the "age of scale" on the agenda at an event organised by ICHCA International - though shipowners were thin on the ground
Capesize earnings jump may lift secondhand bulker prices But near-term impact likely to be limited as actual transactions needed to reflect price increase
KDB to provide $45m to help Hanjin Shipping resolve cargo crisis Credit line will be available only after Hanjin exhausts its other finances
Biggest Maersk management shuffle in memory brings four new chiefs Executive reshuffle immediately follows Maersk's momentous split into two independent divisions
Hanjin ships start docking in Singapore Hanjin Jebel Ali started berthing on Wednesday
Rickmers Maritime adjusts restructuring plans Trust also has plans to issue 1.3bn new shares
Insufficient working capital the cause of Hanjin Shipping's crisis SC Lowy co-founder Soo Cheon Lee says Hanjin's collapse is a good lesson for the industry
Tanker at last loads cargo and sails from Libya's Ras Lanuf First loading since 2014 will be followed by a second on 2010-built tanker Syra
Port of Long Beach appoints Duane Kenagy as interim chief executive Port authorities still seeking a candidate to take helm
Aegean clinches $1.25bn borrowing base for operations ABN Amro-led facilities renewed on better terms, says bunkering company
Wilbur Ross sees 'real value' in shipping Billionaire US investors mentions marine transportation space at top of his shopping list.
Analysts see more dry-bulk stock enthusiasm China demand is better than expected; but supply glut persists and 2017 is unclear.
Analysts' eyes on 2018 and 2019 for IPOs Deutsche Bank's Amit Mehrotra sees amazing year in 2019, while UBS's Spiro Dounis says window opens before that.
Hanjin trade creditors to 'take a bath' Claims broker says collapsed owner's fleet is worth a lot less than secured debt.
Wolfgang Topp leaves HSH Nordbank German shipping lender hands responsibility for offloading bad loans to Ulrik Lackschewitz.
Hyundai Heavy wins refund guarantees Korean shipbuilder now has backstop funding in place from banks for August deal.
HSBC forces Marine Managers bulker sale Bank wins order in Namibian high court to dispose of Greek-controlled supramax.
COA appeals for return of Hanjin boxes Box owners association publishes list of containers they want back.
Maersk edges up but questions remain Shares rise modestly after plans to slice conglomerate in two are confirmed.
Hanjin admits defeat on some vessel discharges Owner says all options exhausted for certain boxships; will unload in Korea.
Maersk review brings changes at the top Danish conglomerate will enter next phase with a new CFO, plus a new CEO at Maersk Tankers.
MPC seals $398m boxship fleet sale Asian finance syndicate is the buyer of eight 8,500-teu units from German asset manager.
AP Moller-Maersk reveals new strategy Danish giant outlines restructuring which will see the formation of two separate entities.
Polarcus secures another Australasian job Middle East owner reveals second regional contract win in a week.
Pirates raid boxship off Guinea Gunmen steal cargo and cash from Japanese-owned Windhoek.
ABG's $300m debt swap bid rejected Struggling Indian shipyard's investors turn down restructuring measure.
KDB said to mull KRW 50bn loan to Hanjin Funds start to mount up as KDB joins Korean Air Lines in offering cash to get ships unloaded.
Bumi Armada agrees Kraken FPSO delay fees of $85m Malaysian offshore firm still expects to make money from North Sea deal despite payout.
Topaz returns to Vard for more module carriers Two vessel order to be split between shipbuilder's facilities in Romania and Vietnam.
Rickmers Maritime caves in to investor pressure Shareholders look set to lose out as Singapore-listed trust improves deal for bondholders.
Prince Rupert eyes return to breakbulk Canadian port hires SSA Marine to carry out feasibility study as it bids to diversify cargoes.
Port of Virginia inks 50-year lease extension for container terminal Artist's Rendering of the Virginia International Gateway's Full Build-Out Source: Virginia Port Authority The Virginia Port Authority (VPA)...
Walmart completes Jet.com acquisition Walmart said it has completed its $3 billion acquisition of Jet.com, which it plans to use to expand its growing e-commerce business. "Wal...
"K" Line refutes bankruptcy rumors Japanese ocean carrier Kawasaki Kisen Kaisha ("K" Line) is refuting recent media reports indicating the company is planning to file for cou...
Cushman & Wakefield becomes exclusive leasing agent for Florida warehouse Global real estate services firm Cushman & Wakefield has been named the exclusive leasing agent for a 244,000-square-foot warehouse in ...
Saadé: CMA CGM 'on the look out' for more acquisitions CMA CGM is still hungry for acquisitions even after its recent $2.4 billion purchase of Singapore-based Neptune Orient Lines, parent of con...
CMA CGM's short-sea subsidiaries acquire new containers CMA CGM's European short-sea subsidiaries MacAndrews and OPDR will take delivery of 4,000 new 40-foot pallet wide high cube containers, OPD...
Report: CMA CGM vessel attacked by pirates A CMA CGM-operated vessel was attacked by pirates early yesterday morning, according to a report from maritime news outlet Splash 24/7 . S...
AMI expands U.S. air cargo operations to Miami AMI, a large air cargo space wholesaler, has opened a new office in Miami, with the aim to expand its reach in the South American market. ...
MPC Capital offloads eight containerships for $398m MPC Maritime Investments GmbH, a subsidiary of Frankfurt-listed MPC Capital AG, will divest a portfolio of eight containerships to an unnam...
Boeing, Airbus get green light to export commercial aircraft to Iran The U.S. Treasury's Office of Foreign Assets Control (OFAC) has granted permission to Boeing and Airbus to export commercial aircraft to Ir...
Abu Dhabi Ports reveals booming first-half results Abu Dhabi Ports, the operator and manager of the ports and the Khalifa Industrial Zone in the emirate of Abu Dhabi, reported net profits fo...
A.P. Møller - Maersk says it will split into two divisions The Danish conglomerate A.P. Møller - Maersk A.S said Thursday its business will be split into two independent divisions, one focusing on t...
Logistics software provider integrates with INTTRA NaviTrans, a provider of software to freight forwarders, has integrated key components of the ocean freight technology provider INTTRA's pl...
NEWS FLASH: A.P. Møller - Maersk conglomerate will split into two divisions The Danish conglomerate A.P. Møller - Maersk A.S said Thursday its business will be split into two independent divisions, one focusing on t...
Port of Oakland accepts empty Hanjin-owned containers from truckers The Port of Oakland said Wednesday it will receive empty containers owned by South Korean liner carrier Hanjin Shipping, which filed for ba...
NEWS FLASH: Port of Virginia inks 50-year lease extension for terminal The Virginia Port Authority (VPA) on Wednesday announced a 50-year extension of its lease for the Virginia International Gateway (VIG) cont...
Maersk to spin off oil, energy units in major restructuring move The company said Thursday it planned to separate four units -- Maersk Oil, Maersk Drilling, Maersk Supply Service and Maersk Tankers -- from the parent group within the next two years.
North Chile ports closed for second day by rough waters The unit also warned that Chile's two largest ports, San Antonio and Valparaiso, could face rough waters later this week.
Caribbean Panamax rates stable as owners hold firm: sources The Caribbean-US Gulf Coast route has bobbed up and down between w80 and w85 since August 30.
Mideast departures, arrivals into China inch higher In China, 18 tankers arrived over the week from non-Chinese ports, up from 16 the previous week.
Maersk to spin off oil, energy units in major restructuring move Seeks to grow container shipping company
REFINERY NEWS: Russia's Ryazan fully back online after works
External: Wired Bunkering
Singapore bunker fuel market finds presence of used lubricating oil, low flash point Deliveries were made by several suppliers between September 12-16.
UAE's DME lists two new fuel oil derivatives
Precious Shipping to sell Supramaxes, acquire Ultramaxes in 2-5 years Precious also planned to sell for scrap one or two more Handymaxes in the next few months, Hashim said.
FUTURES: Crude remains higher on supportive draw in US crude stocks
TANKERS: Caribs Suezmaxes firm on thin tonnage, hot WAF market, sources say Just eight ships opening in the region through October 10.
- 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
