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<title>Oceanintelligence News</title>
<link>http://www.oceanintelligence.com/</link>
<description>The professional marine credit analysis company.</description>
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<pubDate>Mon, 06 Feb 2012 23:47:00 -0800</pubDate>
<lastBuildDate>Mon, 06 Feb 2012 23:47:00 -0800</lastBuildDate>
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<copyright>Copyright: (C) Oceanintelligence / Petromedia Ltd, see http://www.oceanintelligence.com/home/tandc for terms and conditions of reuse</copyright>
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<item>
<title><![CDATA[Asia offshore sector at the onset of a 'bull cycle']]></title>
<link>http://www.oceanintelligence.com/news/i110437/Asia_offshore_sector_at_the_onset_of_a_bull_cycle</link>
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<description><![CDATA[2012 will be a 'major turning point' for the OSV sector while general offshore market outlook in Asia remain 'intact', says Norwegian bank.]]></description>
<pubDate>Tue, 07 Feb 2012 06:04:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[TBS International files for 'pre-packaged' bankruptcy]]></title>
<link>http://www.oceanintelligence.com/news/i110433/TBS_International_files_for_pre_packaged_bankruptcy</link>
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<description><![CDATA[Restructuring agreement with lenders ensures that its vessels will not be arrested, says CEO.]]></description>
<pubDate>Tue, 07 Feb 2012 04:31:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Indonesian oil trader 'moving forward' with Batam operations]]></title>
<link>http://www.oceanintelligence.com/news/i110430/Indonesian_oil_trader_moving_forward_with_Batam_operations</link>
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<description><![CDATA[Indonesia's Batam island a 'newly born oil trading area' that can compliment Singapore, says BAPP.]]></description>
<pubDate>Tue, 07 Feb 2012 03:13:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[United Arab Shipping consider implementing 'fuel compensation surcharge']]></title>
<link>http://www.oceanintelligence.com/news/i110429/United_Arab_Shipping_consider_implementing_fuel_compensation_surcharge</link>
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<description><![CDATA[Middle East operator will consider implementing 'fuel compensation surcharge' at short notice if bunker prices continue to rise.]]></description>
<pubDate>Mon, 06 Feb 2012 22:49:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Tanker pool to focus on slow steaming]]></title>
<link>http://www.oceanintelligence.com/news/i110411/Tanker_pool_to_focus_on_slow_steaming</link>
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<description><![CDATA[Nova Tankers Pool to focus on 'bunker optimization.']]></description>
<pubDate>Mon, 06 Feb 2012 17:36:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Bank to take on bunker terminal project]]></title>
<link>http://www.oceanintelligence.com/news/i110409/Bank_to_take_on_bunker_terminal_project</link>
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<description><![CDATA[Disputes between shareholders in the Asia Petroleum Hub 'have been resolved'.]]></description>
<pubDate>Mon, 06 Feb 2012 16:31:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Bunker costs contribute to operating loss]]></title>
<link>http://www.oceanintelligence.com/news/i110403/Bunker_costs_contribute_to_operating_loss</link>
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<description><![CDATA[Hyundai makes changes to BAF as losses mount.]]></description>
<pubDate>Mon, 06 Feb 2012 12:32:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Baltic bulk index falls to record lows]]></title>
<link>http://www.oceanintelligence.com/news/i110401/Baltic_bulk_index_falls_to_record_lows</link>
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<description><![CDATA[Dry bulk shipping earnings to continue to face pressure in the coming months, analysts say.]]></description>
<pubDate>Mon, 06 Feb 2012 10:41:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Parties in 'advanced talks' to acquire more Hapag-Lloyd shares]]></title>
<link>http://www.oceanintelligence.com/news/i110397/Parties_in_advanced_talks_to_acquire_more_Hapag_Lloyd_shares</link>
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<description><![CDATA[Albert Ballin consortium may purchase less than the 33.3% TUI AG seeks to divest.]]></description>
<pubDate>Mon, 06 Feb 2012 08:45:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[WFS sues Norwegian shipping firm for unpaid bunkers]]></title>
<link>http://www.oceanintelligence.com/news/i110395/WFS_sues_Norwegian_shipping_firm_for_unpaid_bunkers</link>
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<description><![CDATA[About $700,000 payment outstanding for bunkers supplied in Singapore, WFS alleges.]]></description>
<pubDate>Mon, 06 Feb 2012 07:40:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Swiber bags contracts worth over $250 million]]></title>
<link>http://www.oceanintelligence.com/news/i110389/Swiber_bags_contracts_worth_over_250_million</link>
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<description><![CDATA[Contract win in Middle East a 'major milestone' for Swiber, says group CEO.]]></description>
<pubDate>Mon, 06 Feb 2012 06:00:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Cruise company ends 2011 'on a strong note']]></title>
<link>http://www.oceanintelligence.com/news/i110390/Cruise_company_ends_2011_on_a_strong_note</link>
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<description><![CDATA[Costa Concordia incident to have a 'significant impact' on bookings in the near term, says RCL.]]></description>
<pubDate>Mon, 06 Feb 2012 04:56:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Bank reiterates Kirby's rating]]></title>
<link>http://www.oceanintelligence.com/news/i110388/Bank_reiterates_Kirby_s_rating</link>
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<description><![CDATA[The tank barge operator remains 'well-positioned' to benefit from increasing US chemical, refined product exports, says Dahlman Rose.]]></description>
<pubDate>Mon, 06 Feb 2012 03:43:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Container lines announce hike in freight rates]]></title>
<link>http://www.oceanintelligence.com/news/i110386/Container_lines_announce_hike_in_freight_rates</link>
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<description><![CDATA[COSCO Container Lines alters Bunker Adjustment Factor charge to Indian subcontinent, North-West Europe and the Mediterranean.]]></description>
<pubDate>Fri, 03 Feb 2012 22:42:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Dry bulk carrier chartered for 'no fee']]></title>
<link>http://www.oceanintelligence.com/news/i110373/Dry_bulk_carrier_chartered_for_no_fee</link>
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<description><![CDATA['It is a sign of how desperate the sector is,' says analyst.]]></description>
<pubDate>Fri, 03 Feb 2012 17:35:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Kirby closes 2011 with record earnings]]></title>
<link>http://www.oceanintelligence.com/news/i110359/Kirby_closes_2011_with_record_earnings</link>
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<description><![CDATA[Q4 results reflect 'continued favourable' US petrochemical production and strong export market.]]></description>
<pubDate>Fri, 03 Feb 2012 07:56:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Genmar files reorganisation plan]]></title>
<link>http://www.oceanintelligence.com/news/i110357/Genmar_files_reorganisation_plan</link>
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<description><![CDATA[The New York-listed tanker firm could emerge out of bankruptcy as early as April.]]></description>
<pubDate>Fri, 03 Feb 2012 05:52:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Seanergy completes $10 million equity injection]]></title>
<link>http://www.oceanintelligence.com/news/i110354/Seanergy_completes_10_million_equity_injection</link>
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<description><![CDATA[Also finalises agreement with one of its lender to waive certain financial covenants and amend terms of its loan facilities.]]></description>
<pubDate>Fri, 03 Feb 2012 04:49:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Bunker supplier loses appeal on $13 million case]]></title>
<link>http://www.oceanintelligence.com/news/i110323/Bunker_supplier_loses_appeal_on_13_million_case</link>
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<description><![CDATA[Singapore high court dismisses Prestige Marine's appeal against a decision made in favour of Marubeni.]]></description>
<pubDate>Fri, 03 Feb 2012 03:47:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Ratings agency downgrades MOL and NYK]]></title>
<link>http://www.oceanintelligence.com/news/i110338/Ratings_agency_downgrades_MOL_and_NYK</link>
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<description><![CDATA[Moody's says shipping lines' cash flow will remain weak.]]></description>
<pubDate>Thu, 02 Feb 2012 17:30:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Chinese player in first overseas term-supply contract]]></title>
<link>http://www.oceanintelligence.com/news/i110333/Chinese_player_in_first_overseas_term_supply_contract</link>
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<description><![CDATA[Sinopec builds on August agreement with BP.]]></description>
<pubDate>Thu, 02 Feb 2012 16:03:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Clipper Group to get new Senior Bunker Manager]]></title>
<link>http://www.oceanintelligence.com/news/i110330/Clipper_Group_to_get_new_Senior_Bunker_Manager</link>
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<description><![CDATA[Leaves Torm Shipping to join Clipper in March.]]></description>
<pubDate>Thu, 02 Feb 2012 12:46:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Terminal operator welcomes high bunker prices]]></title>
<link>http://www.oceanintelligence.com/news/i110328/Terminal_operator_welcomes_high_bunker_prices</link>
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<description><![CDATA[Baltic Oil Terminals says all its tanks are fully let.]]></description>
<pubDate>Thu, 02 Feb 2012 12:08:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[FSL Trust reveals details on BLT leases]]></title>
<link>http://www.oceanintelligence.com/news/i110324/FSL_Trust_reveals_details_on_BLT_leases</link>
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<description><![CDATA[Leases to the Indonesian shipping firm account for about 13% of its total revenues in 2011, the trust says.]]></description>
<pubDate>Thu, 02 Feb 2012 10:22:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[OOCL imposes rate hikes on North Europe-Asia routes]]></title>
<link>http://www.oceanintelligence.com/news/i110319/OOCL_imposes_rate_hikes_on_North_Europe_Asia_routes</link>
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<description><![CDATA[As current freight rates are 'unsustainable' for the long term, says OOCL.]]></description>
<pubDate>Thu, 02 Feb 2012 08:39:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Mercator warns of cash crunch]]></title>
<link>http://www.oceanintelligence.com/news/i110315/Mercator_warns_of_cash_crunch</link>
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<description><![CDATA[Reports a 76% decline in net profit on lower spot rates, increasing operating expenses.]]></description>
<pubDate>Thu, 02 Feb 2012 05:37:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[S&P lowers Buckeye's outlook]]></title>
<link>http://www.oceanintelligence.com/news/i110312/S_P_lowers_Buckeye_s_outlook</link>
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<description><![CDATA[Revision reflects its opinion that Buckeye's credit metric may remain weak for an 'extended period.']]></description>
<pubDate>Thu, 02 Feb 2012 04:27:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Japanese player welcomes new bunker trader]]></title>
<link>http://www.oceanintelligence.com/news/i110311/Japanese_player_welcomes_new_bunker_trader</link>
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<description><![CDATA[Fujimura Koji joined the company this week.]]></description>
<pubDate>Thu, 02 Feb 2012 03:25:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[Court ruling means new delay in settling bunker bills]]></title>
<link>http://www.oceanintelligence.com/news/i110296/Court_ruling_means_new_delay_in_settling_bunker_bills</link>
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<description><![CDATA[Appeal court judges raise questions about forced sale of arrested ship.]]></description>
<pubDate>Wed, 01 Feb 2012 16:41:00 -0800</pubDate>
</item>
<item>
<title><![CDATA[K-Line anticipates over $700 million full year loss]]></title>
<link>http://www.oceanintelligence.com/news/i110288/K_Line_anticipates_over_700_million_full_year_loss</link>
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<description><![CDATA[Blames continued sluggishness in global markets, high bunker prices for wider loss forecast.]]></description>
<pubDate>Wed, 01 Feb 2012 10:23:00 -0800</pubDate>
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