Impairment charges push Bumi Armada to second-quarter loss Company reiterates it will contest Armada Claire contract termination
Shipping downturn hits SIPG's net profit and container throughput Port operator completed 48.4% of its annual box throughput target
DSME to commence arbitration against shipowner Owner terminated contract for two VLCC newbuildings
Berlian Laju Tanker trims losses amid restructuring But operating revenue also falls on smaller fleet size
Healthy tanker market and government subsidies boost CMES' bottom line 57 of the total 71 sailings for its VLCC fleet handled Chinese crude oil imports
Abu Dhabi Ports unveils expansion plan for Khalifa Port Additional quay wall will provide another 600,000 sq m of space for cargo handling
Seaspan agrees to adjust charter rates with Hanjin via alternative ways Hanjin to save up to $178m in cash after successful charter rate negotiations
KNOP keeps buyback programme rolling New York-listed shuttle tanker owner extends programme after just a fraction of shares purchased.
Maxum unveils bunker tanker newbuilding Vessel ordered at Jesse Engineering scheduled to enter service on North American west coast in January.
Viking Supply strikes restructuring deal Moves comes after offshore vessel owner reached agreement with banks on $291m in debt.
Red ink swells as Boa sees 'mixed' future Boa Offshore delivers $38m loss as offshore vessel market to remain challenging.
CH Offshore tackling costs after profit slump Singapore-listed offshore vessel owner sees 92.2% drop in profit for fiscal year.
Indian fund 'in talks' to buy GOL assets Srei unit said to be eyeing deal for up to six offshore ships.
Restis offshore venture wins new bond deal Golden Energy Offshore succeeds in restructuring debt and completes buyback.
Wilson sells reefer business to Samskip Iceland-based owner bolsters its presence in Norway with $2.8m deal to acquire ECL.
MISC pays $59.29m for Restis' stake in JV Malaysian shipowner completes deal to get full control of six aframaxes owned by Paramount Tankers.
Yuri Nikitin wins compensation from SCF UK judge rules Russian shipowner could have made substantial profit from newbuilding deal prevented by Sovcomflot's freezing order before fraud trial.
STX to axe 35% of its workers Restructuring Korean shipbuilder slashing workforce in bid to secure future.
Ultrapetrol halts bond and debt payments South American owner considers asset sales as it continues to seek deal with lenders.
Kangnam Corp to build first tanker Korean naval yard inks deal with Doora Logistics for products carrier.
Havyard hopeful after profit rises Norwegian shipbuilder sees better times ahead after revenue also increases.
Hanjin Shipping wins Seaspan concessions US-listed container leasing firm looks to have softened its stance towards Korean shipowner.
Impairments hurt Bumi Armada bottom line Fallout from dispute with Woodside continues to impact Malaysian FPSO specialist's results.
Commerce downgrades Q2 U.S. economic growth projection United States gross domestic product (GDP) - the broadest measure of a nation's overall economic health - increased 1.1 percent during seco...
Study: Terminal congestion impacts air quality at POLB Severe terminal congestion seen last year at ports up and down the United States West Coast contributed to an increase in air pollution at ...
Seaspan raises $325m in public share offerings Seaspan Corp. has raised $325 million in two separate public share offerings this month, the company said. The New York Stock Exchange-lis...
OL International opens Dubai office OL International Holdings has opened a new office in the United Arab Emirates' port city of Dubai. The Dubai office will be managed by Pau...
Canada creates special envoy for EU trade deal The Canadian government has created a new envoy position in an attempt to finalize and implement a free trade agreement with the European U...
Commentary: The TPP debate, or lack thereof This isn't about politics anymore. This is about an absolute void of discussion. This isn't a left or right issue, it's an issue of facts ...
Executive Moves: Kalmar and FECR Peter McLean has been named head of the Asia-Pacific region for Kalmar , part of Cargotec. He succeeds Ken Loh , who has decided to leave K...
FAA's rules for commercial drone use kick in New Federal Aviation Administration (FAA) rules for operating commercial drones went into effect Monday, making it easier for businesses to...
Samskip buys Norwegian short-sea transport operator Samskip, a Netherlands-based multi-modal container transport and logistics company with primary operations in Europe, has acquired Euro Con...
FEATURE: USGC 180 CST bunker fuel demand all but gone as older ships retire Bomin is the sole supplier of IFO 180 in the port of Houston, while in New Orleans only John W. Stone Oil Distributor can supply the product
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