Hapag-Lloyd shareholders approve UASC merger terms Two carriers on track to create world's fifth largest container line
Diana Shipping on path to end stalemate with lenders Dry cargo specialist reaches preliminary agreement with BNP Paribas and other lenders to defer loan repayments
Singapore: refining transhipment hub strategy City state is moving on multiple fronts to fend off would-be competitors amid a prolonged industry downturn
Cluster theory: is it still relevant? As technology evolves, will the notion of related businesses clustering together be able to remain in favour?
London: capitalising on a glorious legacy London boasts both an illustrious past and a more than credible presence, but emergent maritime centres are making big inroads
Shanghai: eyes return to top slot The metropolis at the midpoint of China's eastward coastline is widely seen to have the potential to rival the world's best maritime cities
Tokyo: still going strong after 20 years of stagnation Japanese capital holds on to its shine though perennial weaknesses persist
Hong Kong: defending its prestigious position With a bleak long-term prospect for the city's port amid restricted lands and rising labour costs, its shipping service sector will likely take on more responsibilities
Rotterdam: Europe's biggest port is striving to grow Port of Rotterdam needs to retain status as Europe's biggest as Antwerp closes in on containers
Oslo: more than just marine finance Oslo is noted for its lenders and its ease of listing, but there are also export credit agencies, lawyers, shipbrokers, class expertise and of course the Nor-Shipping trade show
Hamburg: riding out the KG crisis to preserve top maritime city status Hapag-Lloyd's renaissance offsets Elbe concerns as line joins world's premier division and underpins Hamburg's maritime credentials
Copenhagen: letting potential off the leash Marine finance is a key element of the Danes' maritime city, but strong shipowning and operating community seal its place as a top maritime city
Dubai: home of 'the world's first-ever bespoke maritime cluster' Many maritime companies find Dubai an attractive location do business, thanks in no small part to the efforts of the authorities to make it so
Limmasol: home to a loyal maritime following Cyprus' course as a contemporary maritime hub has been steady, with defections rare
Mumbai: poised to ride Narendra Modi's wave India's prime minister is on a mission to invest $60bn in the development of ports and related infrastructure, and the country's leading maritime is sure to benefit
Italy: reform on the cards Decades in the making, will much-needed simplification and efficiencies enable the Mediterranean country to claw back market share?
Location, location, location From international melting pots to national strongholds, there is no single recipe to being a leading maritime city and shipping companies, though increasingly spoilt for choice, may struggle to calculate the benefits of a move
UK shortsea capacity on the rise Boost for Channel services, but direct Scandinavian capacity slips
Rickmers and Rickmers call off talks Shipmanagment arrangement is shelved
HSH shipping loss provisions quadruple to nearly $600m Hamburg regional bank stays in black in first half, but no thanks to the industry
China Cosco's $750m cost-cutting target is 'challenging' say analysts Chinese box carrier looks for more consolidation synergy savings
Hanjin Shipping's 'self-rescue' plan falls short of creditors' demands Fate of Hanjin Shipping will be decided by creditors next week
Carriers pin hopes on September GRIs With the peak season failing to deliver thus far, next week's price push could prove crucial
Dalian Port first-half profit falls 23% amid global economic slowdown Economic fundamentals remained weak leading to a slowdown in investment, consumption, and imports and exports trade
New director quits UK Ship Register Setback for UK flag growth ambitions as Simon Barham departs after just a few months in the new role
Tankers: Summer slowdown or something more sinister? Rates have probably bottomed out, says Sovcomflot, but the fate of rates henceforth is by no means clear
Rem Offshore posts net loss on impairment charges Newbuild cancellation expenses are also to blame for decline
Weak demand and container shipping reshuffle weigh on Singamas results But railway transportation development in China might provide new business opportunities
Seaspan raises $80m from public share offering Company sells 3.2m preferred shares priced at $25 per share
Swiber wins extra time to report second-quarter results Singapore Exchange gives company until November 14 to declare earnings
Analysts: Aurora likely to need debt relief LPG carrier owner says it's working with stakeholders to address long-term financial structure.
Hapag-Lloyd gets key approval for merger Shareholders OK share capital increase needed for combination with liner rival UASC.
Aurora LPG secures $21m finance booster LPG carrier owner says it is in talks for more financing after striking two-year loan deal.
Diana and lenders strike preliminary deal BNP Paribas likely candidate as 'largest lender' accedes to Diana requests.
Vitol terminal re-opens after oil spill Oil tanker causes slick in Malaysia while loading fuel at Tanjung Bin Terminal.
Hyundai Mipo workers vote to strike Industrial action at Korean yard will be the first in 20 years.
Diana strikes preliminary deal with lenders on debt BNP Paribas likely candidate as 'largest lender' accedes to Diana requests.
Stifel: Big advantage in $511m Matson order Analyst says conro newbuildings at Nassco will allow Hawaii shipowner to operate fewer and more efficient ships, but with more capacity.
German family merger falls through An anticipated tie-up of companies owned by Bertram and Erck Rickmers will not go forward.
Aurora makes less but beats estimates VLGC owner takes a hit due to low rates and tries to answer a tough question.
Bourbon AHTS fired on off Libya Offshore vessel being used by MSF charity boarded by gunmen.
S&P upgrades Steamship Mutual Insurer's two bumper years impress ratings agency.
Swiber gets permission to delay results Singapore Exchange gives judicial managers more time to determine state of the company.
Finnlines delisted by Grimaldi Group Italian ferry company takes 100% control of Baltic ro-ro owner.
UASC: assumptions over figures 'incorrect' Boxship owner defends its position ahead of crucial meeting over Hapag-Lloyd merger.
HSH's loan loss provisions hit $587m German bank says conditions in shipping markets were persistently difficult in first half.
Hanjin on brink as KDB questions rescue plan But owner says it has not received any word from creditors as threat of court receivership looms.
Vitol terminal closed after oil spill Oil tanker causes slick in Malaysia while loading fuel at Tanjung Bin Terminal.
Hanjin on the brink as KDB questions rescue plan But owner says it has not received any word from creditors as threat of court receivership looms.
US seeks $750,000 whistleblower reward Two crewmen on DSD Shipping's Stavanger Blossom set to split major payout in criminal oil dumping case.
Seaspan sells out fundraising offer Containership owner completes share offering and raises gross proceeds of $80m.
Hanjin on the brink as KDB rejects rescue plan Owner may have one last shot at redemption as threat of court receivership looms.
Flex looks forward to bigger LNG capacity Oslo-listed company says increased production will coincide with the delivery of its LNG carriers in 2018.
Eimskip pushes up profit by 59% Icelandic line enjoys 9% rise in cargo volumes in second quarter.
Solstad still profitable ahead of merger Oslo-listed company remains in the black for the second quarter although it posts smaller profit.
IM Skaugen logs another loss But Norwegian gas carrier owner remains optimistic its small-scale LNG operations will pay off in future.
Restis scoops Nigerian PSV charter Golden Energy Offshore fixes supply ship to Total for six months.
Yangzijiang Shipbuilding plans 2,000 more job cuts Singapore-listed Chinese shipbuilder looking to trim workforce in face of order slowdown.
Icon Offshore sees net profit drop by 57% Decline in vessel utilisation continues to take its toll at Malaysian offshore vessel operator.
Swiber gets permission to delays results Singapore Exchange gives judicial managers more time to determine state of the company.
Matson picks NASSCO for new con-ro ships Two Kanaloa class ships, costing a total of $511m, complete renewal of Matson's Hawaii fleet.
Slump for Fredriksen's Seadrill Partners Net income falls by 41.7% as financial items eat into operational gains.
Washington State adopts new crude-by-rail rule The state of Washington earlier this week adopted new rules surrounding the transportation of crude oil by rail and pipeline, the Washingto...
AIIS: U.S. steel imports in July post monthly increase The United States imported 3.17 million net tons of steel in July, a 12.3 percent increase from June but a 3.5 percent decline from July 20...
Container carrier losses could reach $10b in 2016 More "dark clouds" are gathering for the top container carriers as mounting losses could total $10 billion in 2016, according to Lars Jense...
Eimskip's Q2 net earnings soar 58.7% Icelandic shipping company Eimskip reported net earnings of 8.8 million euros (U.S. $9.9 million, based on today's exchange rate) for the s...
UPS Freight to cut 160 positions at Richmond HQ UPS Freight plans to slash 160 positions at its Richmond, Va. Headquarters within the next year, according to a statement from the company....
SCFI remains stagnant from last week The Shanghai Shipping Exchange's Shanghai Containerized Freight Index barely moved from last week's reading of 597.47 to a reading of 596.3...
G6 voids another transpacific sailing in October The G6 Alliance will void one sailing its North Pacific 3 (NP3) service between Asia and the Pacific Northwest, according to alliance membe...
Reports: Little new in latest Hanjin finance plan Korean media outlets on Friday reported a new financial improvement plan submitted by ocean carrierHanjin Shipping Co. to creditors on Thur...
FDA launches new import website The Food and Drug Administration's import division on Friday launched a revamped website designed to make it easier to access information o...
USDA forecasts $133b in ag exports for FY 2017 The U.S. Department of Agriculture (USDA)has projected $133 billion in total agricultural exports for fiscal year 2017, up $6 billion from ...
Crane Worldwide opens new facility at Heathrow Crane Worldwide Logistics has opened a new warehouse and office facility adjacent to the London Heathrow Airport in an effort to enhance it...
Former DAMCO exec to head new SaaS division at SEKO SEKO Logistics has appointed Michael Christensen to lead a new business unit focusing on the third-party logistics provider's service-as-a-...
FWI: Cargo theft remains prominent issue in Brazil amid economic crisis The rate of reported cargo thefts in Brazil is high and continues to increase while the nation continues to experience an economic crisis, ...
Matson orders two new conro ships Matson has ordered two combination container and roll-on/roll-off ships from General Dynamics NASSCO for deploymenton its services to Hawai...
Tech upgrades help fleets improve gas mileage 3%, study says Seventeen large motor carriers saw their fuel economy increase last year by 3 percent from 2014, saving a combined $501 million on diesel, ...
Houston premium to US Gulf Coast HSFO hit lowest level since June 7 on Thursday The Houston bulk-to-retail spread -- the IFO 380 CST spot market premium to its primary blending component US Gulf Coast HSFO -- stood at 43 cents/mt on Thursday, according to Platts data.
TANKERS: Black Sea-Med dirty Handysize rates surge on wave of fresh inquiry
Bunker spill closes oil terminal in Malaysia operated by Vitol's VTTI
External: Wired Bunkering
TENDER DATA: India's IOC sells 35,000 mt 380 CST HSFO for Sep 17-19
China's Shenzhen port to tighten sulfur limits at berth from Oct 1, 2016
CHINA DATA: July residual fuel imports edge up 3.6% on month to 1.19 mil mt
External: Marine Bunkering(Rotterdam)B.V.
India's Matrix Bharat expects bunker sales to grow by 8-10% annually MXB will target growth through expanding customer base and improving speed of bunker fuel delivery through better infrastructure
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