Georgia fights to save shipping firm An urgent financial rescue mission is being mounted to pull the Georgian Shipping Company through a cash crisis in which the state-owned company has built-up payment arrears of around $24m.
Belize tops Tokyo detention list THE Belize register has emerged as the flag with the worst record in Asia waters, according to the latest official statistics.
Anangel optimistic despite losses Dry bulk specialist Anangel-American Shipholdings suffered an increased first quarter loss but believes the bottom of the market may now have been reached.
Tidewater to sell North Sea standby fleet to BUE THE 28-vessel North Sea standyby safety vessel fleet owned by New Orleans-based Tidewater Inc is being sold to Edinburgh-based BUE Marine for $40m.
Prodi pledges support for EU yards THE incoming chairman of the European Commission Romano Prodi, has pledged to fight for a new European Union policy towards shipbuilding in the face of growing South Korean competition.
Norsk Hydro and Statoil claim victory in Saga takeover NORWEGIAN industrial group Norsk Hydro and state oil firm Statoil yesterday claimed victory over French rival Elf Aquitaine in the battle for control of Norwegian independent Saga Petroleum.
Lloyd's faces new asbestos row LLOYD'S is facing an angry reaction from litigant names over its plan to seek postponement of one of the most important court cases to arise from the asbestos claims crisis.
Bridgestone charter innovation TO beat the increase in transpacific freight rates, Japanese tyre manufacturer Bridgestone is to charter a pair of South Korean containerships to carry its product to US markets.
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