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Americas

Santiago: Chilean shipping lines Compania Sud Americana de Vapores (CSAV) and Compania Chilena de Navegacion Interoceanica (CCNI) have both approved fleet renewal programmes and proposed capital increases to their shareholders…
Los Angeles: Scrap handler SA Recycling has begun exporting iron ore to Asia from the Port of Long Beach, California, having loaded and sent its first shipment of 50,000 tonnes.
Rio de Janeiro: Brazil plans to invest $28nn by 2016 in the port sector, according to Luciano Coutinho, president of the National Bank for Development (BNDES).
Hong Kong: Containership owner Seaspan announced a normalised profit of $28.3m for the quarter ending March 31st 2013.
New York: Scorpio tankers says it has yet to realise its full earning potential and eco-ships will be its trump card in the coming years, the company claimed in its…
New York: Weak volumes on the Far East-Europe trade would have difficulty supporting an inflow of large containerships while demand on the transpacific lane has improved from a recovering US…
New York: Scorpio Tankers Inc. made a tidy profit in the quarter ended 31 March 2013 as it looked to brighter prospects for the product tanker segment.
Merchant marine issues have gone mainstream; the firestorm in the shipping press during the past few weeks over US food aid with implications for US-flag shipping, has moved into mainstream…
Rio de Janeiro: Vale lowered cargo volumes and therefore draught to accommodate Chinese regulations when Vale Malaysia called at Lianyungang earlier this month.
Pireaus: Navios Maritime Partners announced the acquisition of four vessels for $108m as it revealed marginally improved first quarter earnings.
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