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HSH Nordbank Says Shipping Crisis May Worsen Through 2014

23/05/2013
HSH Nordbank AG, the world’s largest shipping lender, said the crisis buffeting the industry may worsen through 2014 as clients contend

Lower panamax rates pull Baltic Exchange index down

23/05/2013
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday, pulled down by

Oil-Tanker Crews Seen Quitting Amid Biggest Losses in 40 Years

23/05/2013
Oil-tanker owners will struggle to retain crews and maintain ships after losing the most money in four decades, according to the

Clean Cross-Med freight rates fall to fresh lows: sources

23/05/2013
Clean handysize freight rates for Cross-Mediterranean and Black Sea-Mediterranean routes have dropped further on an oversupply of

Oil-Tanker Rates End Streak of Declines as Ship Surplus Shrinks

23/05/2013
Charter rates for the largest oil tankers hauling Middle East crude to Asia rose after five sessions of declines as a surplus of the vessels

Maersk set to lower guidance on shipping rate slump -analysts

23/05/2013
A.P. Moller-Maersk , owner of the world's biggest container shipping company, is likely to cut its full-year outlook due to a further slump

Five 18,400 TEU containerships to be classed by GL

23/05/2013
Germanischer Lloyd (GL) has signed a classification agreement with Hyundai Heavy Industries (HHI) for the construction of five 18,400 TEU

China: Fast growth expected in marine sector output

23/05/2013
The output of China's marine economy will account for at least 13 percent of the country's GDP in 2020 from 9.6 percent now, driven by the

Eco Marine Power & KEI System to launch Aquarius MAS

23/05/2013
Eco Marine Power (EMP) and KEI System Ltd (KEI) of Osaka, Japan, announced today that they will release later this year, the Aquarius Monitoring

New R&D Project to Help Enhance Maritime Safety

23/05/2013
A new three year European Research Project, part funded by the EU has been launched to help increase safety on-board vessels. CASCADe,

Thome Group Opens New Copenhagen Office

23/05/2013
Thome Group, Singapore’s first independent ship manager, celebrates its 50th anniversary this year & continues to expand its global footprint.

Wilh Wilhelmsen Holding ASA : NorSea Group: Next phase in establishing Scrabster supply base

23/05/2013
Wilh. Wilhelmsen's NorSea investment has signed its first strategic partnership in Scotland,

Simulating the real deal

23/05/2013
The captains who will take charge of the Triple-Es have to prepare for the new vessel and its twin-skeg setup,

Jones Act Essential to Maintaining U.S.-Flag Fleet

23/05/2013
On behalf of the American Maritime Partnership, Joseph H. Pyne, Chairman and Chief Executive Officer of the

Bumi Armada Q1 up 22% on new FPSO, vessel contributions

23/05/2013
Bumi Armada saw first quarter net profit rise 22% to MYR109.7m ($36.3m) from MYR89.7m previously boosted by

Höegh LNG - receives commitment letters for a USD 299 million Limited Recourse Facility

23/05/2013
Reference is made to the stock exchange notice dated 17 October 2012, whereby Höegh LNG Holdings Ltd.

BW Offshore Limited : Q1 2013 - Interim consolidated financial information

23/05/2013
BW Offshore's operating revenues for Q1 2013 amounted to USD 222.2 million compared to USD 233.5 million in

Container shipping firms announce joint services

22/05/2013
The nation’s major container shipping companies aim to return to the black this year by deepening cooperation. This collaboration comes at a time when the companies are

Nabucco Chalks Up Big Interest from Shipping Companies

22/05/2013
The Nabucco consortium says shipping-company interest in registration and capacity booking in the Nabucco West pipeline has already

Vinashin Lines’ ships for sale

22/05/2013
Vinalines is aiming to offload the six remaining ships of its subsidiary Vinashinlines by the end of next month.
The six ships, and the combined 96
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