SOS from Hanjin Shipping

 The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to

How Rapid is the Fleet Growth?

 During July 2016, the containership fleet reached a landmark 20 million TEU in terms of aggregate capacity, says Clarksons Research.   To many it only seems

Maersk Line's Innovative Smart Reefers

 Have you heard about Maersk Line's smart reefers that can listen and talk? Cutting edge technology that reduces risk in customer supply chain, claims Maersk Line.

U.S. Rig Count Steady after 8 Weeks of Hikes

The number of U.S. oil drilling rigs were unchanged this week after eight weeks of consecutive rises, according to a closely followed report on Friday, although

BP Prepares U.S. Gulf Assets for Storm Threat

Oil giant BP said on Friday it has started securing facilities and evacuating non-essential personnel from its drilling rigs and platforms in U.S. Gulf of Mexico

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Eustream, Gaz-System to hold Pipeline Open Season

Slovak and Polish gas transit firms Eustream and Gaz-System will hold an open season procedure to allocate capacity in a planned pipeline connecting the two countries, Eustream said on Friday.

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday.

Norway: No Brexit Impact on Norwegian Gas Exports

Exports of Norwegian gas to Britain will not be affected by Britain's vote to leave the European Union, Norway's oil and energy minister told Reuters. The Nordic

As Losses Climb, Colonial Shippers Look to Sell

Some shippers on the largest U.S. refined products pipeline are looking to unload their coveted space after holding onto it has cost them for months, several sources said.

Navios Reports 2Q Loss

 Greek dry bulk shipping company Navios Maritime Holdings reported a loss of $30.4 million in its second quarter.   The Angeliki Frangou flagship company posted revenue of $105.

MN100: TPG Marine Enterprises, LLC

The Company: TPG Marine Enterprises, LLC is an operations, logistics and consulting company that specializes in all aspects of cargo movement on the Inland Waterways System.

Heavy Lifting: Giant Pipe Racks Shipped for New FPSO

From Brazil to China and then back to Brazil, five pipe racks and three modules weighing a total of 1,871.51 metric tons and measuring 24,075 m³ will be transported

CWind, Rotos 360 Running Blade Repair Out of Grimsby

CWind, a  provider of services to the offshore wind industry, and Rotos 360, specialists in wind turbines O&M in onshore and offshore environments, has announced

Sri Lanka Wants Indian Subcontinent Firm Involved in $400 mln Port Contract

Sri Lanka is seeking a consortium that must include a company from the Indian subcontinent to bid for a $400 million contract to build a port terminal, the ports minister said on Thursday.

SMM 2016: World Premieres from around the Globe

Some 50,000 trade visitors from the whole of the world are expected in Hamburg for the start of SMM in less than two weeks. And once again, it is fully booked – with a total of more than 2,

WSS Establishes Suez Canal Transit Team

Wilhelmsen Ships Service (WSS) has established a dedicated local transit team to help its customers negotiate not just the Suez Canal, but also the complex rebate

Mexico Names Qualified Firms for Deepwater Tender

Mexico's energy regulator said on Wednesday that 26 companies had qualified to participate in the country's deep-water oil tender in December, the jewel in  the

Oil prices fall as hopes of production freeze fade

Few analysts expect producers to agree freeze in output; U.S. crude inventories swell to 523.6 million barrels. Oil prices slipped on Thursday as the market

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

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