Singapore and Dubai agents join forces in global ports agency Ben Line Agencies and Sharaf Group to launch WaterFront Maritime Services in April
Yang Ming to raise $54m through private offering Offering set to follow significant capital reduction later this month
Ultrapetrol files for bankruptcy Company will sell its business to its biggest shareholder after liabilities reach $566m
US border tax plan may upend dirty tanker demand Tankers will have to adjust to accelerated US oil exports and falling imports
Without ambition we are dead, says NAT's Hansson Suezmax owner eyes expanding fleet from 33 to 40 suezmaxes
Heavyweight consortium to boost Pakistan LNG imports LNG carrier owners eye new trading opportunities for into Pakistan
DFDS posts 50%-plus surge in profit for 2016 Ferry and ro-ro operator launches $115m share buyback and boosts dividend payments after strong year
Pilbara Ports clears vessels ahead of tropical low LLI data shows at least 35 bulkers are due to arrive at port in next few days
American Shipping mulls $220m bond Ocean Yield would buy $110m on top of its existing $200m of AMSC debt
Supramax rates weaken but recovery signs appear Rates in some Pacific benchmark routes improved week-on-week
Cobelfret orders two ro-ro workhorses at HMD Newbuildings are part of the operator's expansion plan
VLCC life is a rollercoaster, you just gotta ride it Spot market volatility and hostile takeover bids from tycoon John Fredriksen - what more could you want from the big crude tankers in the course of just one week?
Data Hub: Charter Rates Demolition levels hit new heights last year, but will have to double to save what promises to be a thoroughly depressed market in 2017
Mitsui Engineering & Shipbuilding net profit down 29% Japanese shipbuilder forecasts a full-year profit for fiscal 2016
DP World container throughput grows 6% in fourth quarter Terminal operator says ahead-of-market growth due to benefits of globally diversified portfolio
Government ban stifles Pakistan's recycling market Gadani recyclers may disappear from bidding tables if permits to come back online are delayed
Ezra seeking advice on winding-up threat from Forland Statutory demand is against Ezra as it was charterparty guarantor
Citi's Michael Parker sees bright future for container shipping Top shipfinance banker expresses optimism about industry outlook as box lines begin to behave like normal industrial corporations
Thorco MPP disabled off Eastern Canada Coast Guard said to be monitoring the situation; towing set for Wednesday.
Battle rages behind Ultrapetrol Chapter 11 Copernico Argentina Fund targets shipowner's directors and executives claiming $880m in assets being sold for just $75.5m. Defendants challenge valuation claim.
ConTex holds firm over 300 Upward trends among containership rates continue, bringing back some optimism.
Trafigura takes on Teesside LNG terminal Trader takes downstream LNG position by taking long lease on UK import facility.
Ardmore in sale-and-leaseback move Product tanker specialist refinances vessel in transaction that generates almost $10m in cash.
Hapag completes $213.7m notes offering German liner company taps the bond market for the second time in less than a month.
Ben Line and Sharaf launch WaterFront New global shipping agency formed through the cooperation of traditional companies.
Panama Canal volumes hit new record January total is best ever at expanded Panamanian waterway.
Ardmore quarterly loss in line with Wall Street Anthony Gurnee looks for stronger market this year after owner records red ink in final three months of 2016.
Global Offshore falls to bigger loss Indian owner hit by falling revenue in third quarter.
Essar linked to panamax quartet Indian owner said to be buying bulkers to cope with growing steel demand in Hazira.
Samudera Shipping reveals string of sales Samudera Shipping has collected $5.73m from the sale of a string of older vessels. Singapore-listed Samudera says the 4,630-gt Sinar Jimbaran (built 2006) is the last of six ships to be sold in the past 12 months. In a statement to investors the shipowner explains the ships were largely sold after they became unprofitable. One of the vessels exiting the public company, the Amanah, has been scrappe
Yang Ming banks $54m from share sale Loss-making owner raises more money through stock offering.
Hoegh LNG claims a first on Pakistan project Norwegian owner joins big-name consortium to go beyond its involvement in previous schemes.
MES slashes forecast after profit drops Japanese shipbuilder expects lower annual result after nine-month figures weaken.
DP World keeps rising in 2016 Port terminal operator posts 3.2% annual increase in volumes thanks to strong fourth quarter.
New offshore giant nursing debt headache Clarksons Platou says Solstad Farstad faces "Trump-sized wall" of maturities in 2021.
Swan Hellenic to sail again G Adventures buys cruise line from bankrupt All Leisure and seeks new ship.
Samsung shares fall over delay concerns Shipyard sees biggest intraday decline since April as investors cast doubt on Fredriksen's newbuilds.
Eimskip building transatlantic capacity Icelandic line bringing in extra ship to cope with substantial growth in imports.
DFDS makes more and boosts dividend Danish owner finishes 2016 on a strong note and is keen on exploring digital opportunities.
Hapag-Lloyd launches new notes offering German liner company shoots for $160m to repay debt maturing in 2018.
Ultrapetrol files Chapter 11 papers in New York Shipowner in pre-packaged deal that will see two remaining divisions sold to its main shareholder.
Hyundai Merchant chief charts return to profit Yoo Chang-keun talks about a return to the black next year for the Korean shipowner.
Fredriksen: more opportunities with Rokke Offshore merger could be just the start for cooperating billionaires.
Farstad launches share and bond offers Norwegian owner selling new stock and convertible notes as part of restructuring.
YRC Worldwide posts $7.5m net loss for Q4 2016 Source: YRC Worldwide For the full year of 2016, YRC Worldwide posted a net income of $21.5 million. YRC Worldwide had a net loss of $7.5 m...
Detention and demurrage petition gains strong support Source: Ralf Gosch/Shutterstock The Coalition for Port Practices filed a petition with the FMC in December, asking the agency to address fee...
Lottery process for ILWU workers to proceed The Pacific Maritime Association (PMA), said an arbitrator has ordered the resumption of a lottery that gives workers a chance at becoming ...
Intermodal growth engine stalls The Intermodal Association of North America (IANA) said intermodal volumefell 2.1 percent in 2016, driven down by weak international volume...
QuestaWeb to use FedEx customs content The global trade management software provider QuestaWeb and FedEx's freight forwarding division will partner to offer QuestaWeb customers a...
Executive Moves: DHL Supply Chain, WSP | Parsons Brinckerhoff and Greenbrier DHL Supply Chain appoints president of Automotive, North America, while WSP | Parsons Brinckerhoff names new head of maritime practice and ...
DP World grows volumes 3.2% in 2016 Port terminal operator DP World handled 63.7 million TEUs at its container terminals during the year in 2016, a 3.2 percent increase from 2...
NHTSA proposed rule aims to accelerate connected vehicle tech Source: Karsten Neglia/Shutterstock The National Highway Traffic Safety Administration (NHTSA) has issued notice of proposed rulemaking that...
USCG: Multiple flood points likely cause of El Faro casualty Multiple sources of flooding were the likely cause of the 2015 sinking of the El Faro , according to an analysis released during the third ...
Fog clings to Houston Ship Channel; no vessel boarding: dispatcher
External: Praxis Energy Agents S.A
TRADER NOTE: Bunker trader Monjasa appoints new head of credit Previously he worked for Danske Bank as deputy head of credit.
Monjasa withdrew credit from Hanjin 6 months before collapse "A punctual credit assessment process saw Monjasa withdrawing from granting trading credit to Hanjin Shipping six months prior to the company's bankruptcy filing."
Russian export duty hike makes bunker market preferred outlet for fuel oil "The difference between the export and bunker market is turning in favor of the bunker market."
External: Wired Bunkering
BP says getting back to growth after Q4 output drops
ANALYSIS: Saudi Arabia's forceful strategy lifts Japan crude sales to 10-year high - Supply to Japan at 10-year high of 1.18 million b/d - Lifts market share to 36% in 2016
Open interest for ICE front-month Singapore HSFO contracts rise by 1.09% in Jan
FUTURES 2: Crude firms as OPEC compliance continues to hold sentiment
FUTURES: Crude rallies amid fresh signs of compliance to cuts
OPEC Jan output 32.16 mil b/d, down 690,000 b/d from Dec - Platts survey The survey shows that several OPEC countries covered by the agreement still need to make some progress in lowering output to their allocations
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