- Turnaround Tuesday: Marine Shipping Outfits Aim to Stay Afloat. COLLINS, ALLISON // Mergers & Acquisitions Report;5/6/2013, Vol. 26 Issue 18, p9
The article reveals that Excel Maritime Carriers Inc., and Seanergy Maritime Holdings Corp. are working toward restructuring their loans amid increased competition, and a drop in shipping rates. Many vessel operating companies are cited to have struggled and faced bankruptcy including Overseas...
- Oil Tanker Co. Secures $500M TLB From ING. R. K. // High Yield Report;10/27/2008, Vol. 19 Issue 41, p7
The article reports on the finance acquisition of two supertankers from ING Co. A launch date and price talk on the term loan have not been determined, and calls to companies OSG and ING were not returned by press time. The term loan will mature in eight years. Oil analysts believe that...
- NAVIGATING ITS WAY TO THIRD AVENUE. Haughney, Christine // Crain's New York Business;12/6/2004, Vol. 20 Issue 49, p17
The article informs that an oil tanker shortage at sea is creating a demand for larger offices on land. Overseas Shipholding Group Inc., the largest U.S.-based oil tanker owner, is moving and nearly doubling the size of its offices in the Grand Central neighborhood to handle the record demand to...
- Shipping tariff hike set at 7%. Garza, Daniel R. // Caribbean Business;6/26/1997, Vol. 25 Issue 25, p4
States that the Puerto Rico Ports Authority and the Puerto Rico Shipping Association have approved an across-the-board 7 percent increase on base shipping tariff rates. Financial information on the increase; Date the increase goes into effect from; Comments from Fernando Rivera, president of...
- Asia-Europe Rates Hit Record Low. // Journal of Commerce (1542-3867);12/19/2011, Vol. 12 Issue 46, p7
The article announces the decline in the Shanghai, China shipping exchange measure for spot container rates to Europe, which is a record low for the largest shipping market in the world.
- Handling charges postponed. // Transportation & Distribution;Dec96, Vol. 37 Issue 12, p8
Reports that major shipping lines serving the United States export trade to Asia have agreed to postpone scheduled increases in their US origin container yard and container freight station charges until January 1, 1997.
- Waiting for deregulation. Biederman, David // Traffic World;06/09/97, Vol. 250 Issue 10, p22
Reports on the decline of shipping rates in the wake of major changes in the industry. Concerns of American shippers on the effects of the US Federal Maritime Commission's regulation of shipping rates to the international competitiveness; Signs of the loosening of contracting control by...
- Trans-Pacific shippers and importers brace for negotiations on new service contracts. Chiris, Stuart // WWD: Women's Wear Daily;1/28/1997, Vol. 173 Issue 18, p16
Reports on trans-Pacific carriers' warning on the halting of rate reduction for shippers. Asia North America Eastbound Rate Agreement (ANERA) antitrust exemption; Competition from outside carriers and introduction of larger vessels anticipating increased freight traffic; Eastbound cargo volume...
- Asia-Europe Rates, Fortitude Buckle. // Journal of Commerce (1542-3867);5/21/2012, Vol. 13 Issue 19, p6
The article discusses the declining Asia-Europe shipping rates wherein it fell by six percent to 1,818 U.S. dollars in the week ending May 11,2012, the fastest rate of decline since October 2010, a trend which is seen to continue throughout 2012.