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Americas

Singapore: The head of APL Logistics Jim McAdam, Neptune Orient Lines (NOL) only profitable business, is quitting.
New York: Nasdaq- listed StealthGas Inc. released its fourth earnings today, announcing profits of $7.8m for the three-month period and $29m for the year.The quarter's earnings are a 77.3% increase…
Miami: A decision to cut BP’s potential fine by $3.4bn has been approved by U.S. courts, taking into consideration 810,000 barrels of oil which were not spilled into the Gulf…
New York: DNB Americas' current head of shipping, Giacomo Landi, is stepping up to run the Norwegian bank's American operations from the beginning of April.
New Orleans: Transocean's guilty plea to a misdemeanour charge for its role in the Deepwater Horizon incident, which resulted in the death of 11 rig workers in 2010, was accepted…
Pascagoula: ST Engineering's US shipyard, VT Halter Marine, has won a contract to build an Articulated Tug Barge (ATB) for new York based oil barging company Bouchard Transportation Co.
Brussels: Exmar and Teekay LNG Partners have successfully closed their 50/50 LPG joint venture and announced and order of up to eight midsize gas carriers with Hanjin Heavy Industries Corporation…
Shipping is worldwide. These days, deals have been done on email and Skype, but shipping is very much a social business, where maritime clusters bring people together.
Copenhagen: The global economy continues to expand in 2013 which is good news for dry bulk shipping as newbuild deliveries fall significantly from 2012 levels, Bimco announced in its market…
Singapore: Marine fuel prices are expected to continue rising to record high this year on tightening supplies, worsening the expense headache for shipowners, according to shipbroker McQuilling Services.
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