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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>Thu, 09 Sep 2010 18:38:50 -0700</pubDate>
<lastBuildDate>Thu, 09 Sep 2010 18:38:50 -0700</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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<title><![CDATA[Another LNG power vessel on order from STX]]></title>
<link>http://www.oceanintelligence.com/news/i96424/Another_LNG_power_vessel_on_order_from_STX</link>
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<description><![CDATA[Shipbuilding group has already delivered six LNG powered vessels and has five more on order.]]></description>
<pubDate>Thu, 09 Sep 2010 15:35:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Yujin bunker tankers 'perform well']]></title>
<link>http://www.oceanintelligence.com/news/i96421/Yujin_bunker_tankers_perform_well</link>
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<description><![CDATA[Operating profit from four vessels climbs to $1.46 million in first half-year.]]></description>
<pubDate>Thu, 09 Sep 2010 11:01:00 -0700</pubDate>
</item>
<item>
<title><![CDATA['Unique' subsea vessel elected Ship of the Year 2010]]></title>
<link>http://www.oceanintelligence.com/news/i96417/Unique_subsea_vessel_elected_Ship_of_the_Year_2010</link>
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<description><![CDATA[Hi-tech vessel can perform deepwater well intervention services that oil companies previously needed expensive drilling rigs to conduct.]]></description>
<pubDate>Thu, 09 Sep 2010 09:26:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Globus posts lower year-on-year profits for 2010 Q2]]></title>
<link>http://www.oceanintelligence.com/news/i96415/Globus_posts_lower_year_on_year_profits_for_2010_Q2</link>
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<description><![CDATA[Currently operating five vessels, compared to seven at end of June 2009.]]></description>
<pubDate>Thu, 09 Sep 2010 08:23:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[TEN secures time for spot vessel]]></title>
<link>http://www.oceanintelligence.com/news/i96411/TEN_secures_time_for_spot_vessel</link>
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<description><![CDATA[Charter expects to generate gross revenues 'in excess' of $14 million.]]></description>
<pubDate>Thu, 09 Sep 2010 06:18:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[WFS secures increase in credit facility to $800 million]]></title>
<link>http://www.oceanintelligence.com/news/i96409/WFS_secures_increase_in_credit_facility_to_800_million</link>
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<description><![CDATA[Credit facility modified to enable WFS and its subsidiaries to make 'any acquisitions' without prior consent of lenders.]]></description>
<pubDate>Thu, 09 Sep 2010 05:13:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[O.W. Bunker launches physical ops in Uruguay]]></title>
<link>http://www.oceanintelligence.com/news/i96405/O_W_Bunker_launches_physical_ops_in_Uruguay</link>
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<description><![CDATA[Seeks to increase presence in key global regions, including South America.]]></description>
<pubDate>Thu, 09 Sep 2010 03:51:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Andatee secures loan from Chinese bank]]></title>
<link>http://www.oceanintelligence.com/news/i96393/Andatee_secures_loan_from_Chinese_bank</link>
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<description><![CDATA[Bunker supplier says it will 'vigorously pursue' expansion.]]></description>
<pubDate>Wed, 08 Sep 2010 14:38:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[DryShips plans $350 million offering]]></title>
<link>http://www.oceanintelligence.com/news/i96384/DryShips_plans_350_million_offering</link>
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<description><![CDATA[Set to offer and sell common shares 'from time to time' to partly fund future acquisitions.]]></description>
<pubDate>Wed, 08 Sep 2010 07:45:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Seanergy acquires minority stakes in BET and MCS]]></title>
<link>http://www.oceanintelligence.com/news/i96382/Seanergy_acquires_minority_stakes_in_BET_and_MCS</link>
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<description><![CDATA[Set to pay a total of $62 million via a combination of cash and shares.]]></description>
<pubDate>Wed, 08 Sep 2010 06:42:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Japanese bunker supplier merges with distributor]]></title>
<link>http://www.oceanintelligence.com/news/i96375/Japanese_bunker_supplier_merges_with_distributor</link>
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<description><![CDATA[October 1 merger will result in name change, says Petro-Diamond Japan Corporation.]]></description>
<pubDate>Wed, 08 Sep 2010 06:15:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[International supplier expands operations to Africa]]></title>
<link>http://www.oceanintelligence.com/news/i96377/International_supplier_expands_operations_to_Africa</link>
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<description><![CDATA[New office in South Africa gives group greater access to 'fast developing' oil activities in the continent.]]></description>
<pubDate>Wed, 08 Sep 2010 05:00:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Bangladesh scrap yard grabs Avin tanker]]></title>
<link>http://www.oceanintelligence.com/news/i96376/Bangladesh_scrap_yard_grabs_Avin_tanker</link>
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<description><![CDATA[Asian breakers secure a total of six deals last week.]]></description>
<pubDate>Wed, 08 Sep 2010 04:28:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Maersk Line appoints Asia Pacific regional head]]></title>
<link>http://www.oceanintelligence.com/news/i96373/Maersk_Line_appoints_Asia_Pacific_regional_head</link>
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<description><![CDATA[Thomas Knudsen to take up his new position on November 1, 2010.]]></description>
<pubDate>Wed, 08 Sep 2010 03:04:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Box shipping recession 'over']]></title>
<link>http://www.oceanintelligence.com/news/i96352/Box_shipping_recession_over</link>
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<description><![CDATA[Positive operating results signal end of recession in the box shipping industry.]]></description>
<pubDate>Tue, 07 Sep 2010 09:20:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Frontline scores new charter contracts]]></title>
<link>http://www.oceanintelligence.com/news/i96348/Frontline_scores_new_charter_contracts</link>
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<description><![CDATA[In line with wish to increase its fixed charter coverage for 2011-2013.]]></description>
<pubDate>Tue, 07 Sep 2010 07:55:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[STX Pan Ocean in move to secure funds for newbuildings]]></title>
<link>http://www.oceanintelligence.com/news/i96345/STX_Pan_Ocean_in_move_to_secure_funds_for_newbuildings</link>
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<description><![CDATA[Sets up special purpose companies; will guarantee up to $23 million for their borrowings each.]]></description>
<pubDate>Tue, 07 Sep 2010 06:51:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[IBS turns physical supplier in Japan]]></title>
<link>http://www.oceanintelligence.com/news/i96341/IBS_turns_physical_supplier_in_Japan</link>
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<description><![CDATA[Able to supply bunkers at Tokyo Bay, central and western Japanese ports, says managing director of IBS.]]></description>
<pubDate>Tue, 07 Sep 2010 05:36:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Singapore shipowning firm takes on offshore oil, gas sector]]></title>
<link>http://www.oceanintelligence.com/news/i96342/Singapore_shipowning_firm_takes_on_offshore_oil_gas_sector</link>
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<description><![CDATA[Changes name to reflect 'new business focus', says company chief.]]></description>
<pubDate>Tue, 07 Sep 2010 05:31:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[New Managing Director at Global Risk Management]]></title>
<link>http://www.oceanintelligence.com/news/i96323/New_Managing_Director_at_Global_Risk_Management</link>
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<description><![CDATA[Christensen will head GRM's offices and work on strategy and business plans.]]></description>
<pubDate>Mon, 06 Sep 2010 12:18:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Excel takes panamax out of spot market]]></title>
<link>http://www.oceanintelligence.com/news/i96316/Excel_takes_panamax_out_of_spot_market</link>
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<description><![CDATA[Secures time charter agreement for the 1994-built dry bulk carrier.]]></description>
<pubDate>Mon, 06 Sep 2010 08:33:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Barge operator swings to a loss]]></title>
<link>http://www.oceanintelligence.com/news/i96313/Barge_operator_swings_to_a_loss</link>
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<description><![CDATA[Set to raise $100 million to reduce outstanding debts.]]></description>
<pubDate>Mon, 06 Sep 2010 05:39:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[OceanFreight narrows Q2 losses]]></title>
<link>http://www.oceanintelligence.com/news/i96312/OceanFreight_narrows_Q2_losses</link>
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<description><![CDATA[Despite recording lower voyage revenues on the back of lower TCE rates earned during the quarter.]]></description>
<pubDate>Mon, 06 Sep 2010 04:31:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Statoil paves way for IPO of fuel retail unit]]></title>
<link>http://www.oceanintelligence.com/news/i96302/Statoil_paves_way_for_IPO_of_fuel_retail_unit</link>
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<description><![CDATA[Will be hold on to majority stake of new company that would include marine fuel sales.]]></description>
<pubDate>Fri, 03 Sep 2010 17:30:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Maersk appoints new head of investor relations]]></title>
<link>http://www.oceanintelligence.com/news/i96286/Maersk_appoints_new_head_of_investor_relations</link>
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<description><![CDATA[Henrik Lund set to take on new role before December 1, 2010.]]></description>
<pubDate>Fri, 03 Sep 2010 06:18:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[WFS maintains quarterly dividend]]></title>
<link>http://www.oceanintelligence.com/news/i96284/WFS_maintains_quarterly_dividend</link>
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<description><![CDATA[Q2 dividend unchanged from preceding quarter; reflects the 'two-for-one' stock split of its common stock.]]></description>
<pubDate>Fri, 03 Sep 2010 05:05:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Titan charters one bunker tanker, four chemical tankers]]></title>
<link>http://www.oceanintelligence.com/news/i96280/Titan_charters_one_bunker_tanker_four_chemical_tankers</link>
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<description><![CDATA[Tankers will meet 'perceived' demand from Titan's storage business for chemicals, clean products.]]></description>
<pubDate>Fri, 03 Sep 2010 04:00:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Maersk Line reiterates commitment to slow steaming]]></title>
<link>http://www.oceanintelligence.com/news/i96269/Maersk_Line_reiterates_commitment_to_slow_steaming</link>
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<description><![CDATA[Says slow steaming 'remains a win-win-win situation' even when global shipping crisis comes to an end.]]></description>
<pubDate>Thu, 02 Sep 2010 16:17:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Vopak abandons plans for LNG terminal]]></title>
<link>http://www.oceanintelligence.com/news/i96259/Vopak_abandons_plans_for_LNG_terminal</link>
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<description><![CDATA[Feasibility study concludes there is 'no basis for a positive investment decision'.]]></description>
<pubDate>Thu, 02 Sep 2010 11:50:00 -0700</pubDate>
</item>
<item>
<title><![CDATA[Fuel oil spill could cost ship owners 'millions']]></title>
<link>http://www.oceanintelligence.com/news/i96255/Fuel_oil_spill_could_cost_ship_owners_millions</link>
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<description><![CDATA[Charge could be brought under Australia's Marine Pollution Act.]]></description>
<pubDate>Thu, 02 Sep 2010 10:13:00 -0700</pubDate>
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