HMM to raise USD614 million for newbuilding orders
Hyundai Merchant Marine announced that it will sell 120 million shares to raise a total of KRW693.6 billion (USD614 million) in two issues of KRW400 billion and KRW293.6 billion respectively.
Moody’s: Positive outlook on CMA CGM
The corporate family rating of French shipping major CMA CGM has been affirmed at B1, the probability of default rating at B1-PD and the rating of CMA CGM’s senior unsecured notes at B3, Moody’s rating agency said.
Bouncing Back...Fastest Trade Growth In Half A Decade!
A well-known football manager once commented on the “bouncebackability” of his team after they had followed a defeat with a victory. This year and last, global seaborne trade growth, following a weaker performance in 2015, has illustrated its ability to bounce back strongly
Top Stories
October 8, 2014
Greek state petitions bankruptcy court over troubled Hellenic
The Greek state has filed a petition with an Athens first instance court requesting insolvency…
October 8, 2014
Outlook Gloomy for Container Shipping - report
Container spot rates from Asia to North Europe slumped below $700 per teu this week,…
October 8, 2014
China’s Sep coal imports rise 11% on year
China imported 27.08 million mt of coal, including lignite, thermal and metallurgical coal, in September,…
October 8, 2014
HSH CEO says “very close” to solution for
HSH Nordbank expects to receive offers for the German shipping finance provider as a whole…
October 8, 2014
China Sept iron ore imports at record
China’s iron ore imports rose 11 percent in September from a year earlier to a…
October 8, 2014
Ophelia turns into most eastern major Atlantic storm
The system is moving northeast at 25 miles per hour with top winds of 115…
Editor’s Picks
October 13, 2017
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Diana Shipping Announces the Sale of Panamax Dry Bulk Vessel
Diana Shipping Inc., a global shipping company specializing in the…
October 12, 2017
Dynacom Tankers adds to Navig8’s Suez8 pool
Dynacom Tankers – led by Greek owner Giorgos Procopiou –…
October 11, 2017
Avin linked to Aframax acquisition
According to the latest Market Report compiled by Intermodal [W40],…
October 11, 2017
FreeSeas: Appointment of New Chief Financial Officer & Director
FreeSeas, a transporter of dry-bulk cargoes through the ownership and…
Finance & Economy
October 8, 2014
HMM to raise USD614 million for newbuilding orders
Hyundai Merchant Marine announced that it will sell 120 million shares to raise a total…
October 8, 2014
Moody’s: Positive outlook on CMA CGM
The corporate family rating of French shipping major CMA CGM has been affirmed at B1,…
October 8, 2014
HSH CEO says “very close” to solution for
HSH Nordbank expects to receive offers for the German shipping finance provider as a whole…
October 8, 2014
Subsea 7 shares rise on report of Baker
Shares in oilfield services firm Subsea 7 rose on Wednesday on an unconfirmed report it…
October 8, 2014
CMA CGM to create its own incubator in
At the Salon des Entrepreneurs (trade fair) in Marseilles, Rodolphe Saadé, CEO of the CMA…
Shipping News
October 8, 2014
Bouncing Back...Fastest Trade Growth In Half A Decade!
A well-known football manager once commented on the “bouncebackability” of his team after they had…
October 8, 2014
Productivity rising at San Juan terminal - TOTE
Jones Act shipping line TOTE Maritime, Jacksonville, FL, reports that overall productivity at the terminal…
October 8, 2014
Baltic index extends gains as panamax rates edge
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities,…
October 8, 2014
Pacific Basin Eyes Exploring Second-Hand Ship Acquisitions
Pacific Basin Shipping Limited is exploring more acquisitions of second-hand tonnage. “We will continue to…
October 8, 2014
Dynacom Tankers adds to Navig8’s Suez8 pool
Dynacom Tankers – led by Greek owner Giorgos Procopiou – has added one more of…
Ports
October 8, 2014
Indian ports cargo growth up during April-September
Major ports in India handled 326.4 million tonnes of cargo in the April-September period, an…
October 8, 2014
Port of Long Beach Sets Record for September
Cargo volume continues to break records at the Port of Long Beach, which moved more…
October 8, 2014
Baku signs MoU with Constanta port
Baku International Sea Trade Port, the oldest and largest seaport on the coast of the…
October 8, 2014
Copenhagen to Build New Cruise Terminal
The Board of Copenhagen Malmö Port (CMP) has approved the building of a new cruise…
October 8, 2014
DP World to develop infrastructure and logistics blueprint
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, met with the President of…
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