Hyundai to build five VLCCs for $410 million A US$410 million shipbuilding contract from National Iranian Oil Tanker Co. is Korea's largest single newbuilding contract ever
Malaysia broadens probe into cruise ship sinking Officers face some 200 questions
Georgiopoulos in $400m Benor deal New York-based shipowner Peter Georgiopoulos has committed $104.1m to acquire Oslo-listed Benor Tankers in a deal which could put him in control of a fleet of #33 aframax and suezmax tankers.
UK accepts hours rules for crews THE UK government agreed yesterday to extend the European Union Working Time Directive to British seafarers and offshore oil and gas workers.
Japanese yard results worse than expected Japan's shipbuilding and heavy industrial groups have delivered a set of annual results even more miserable than expected.
Amer plunges into red and predicts gloom ahead RAVI Mehrotra's Amer Reefer slid into the red in the first quarter, traditionally one of the strongest of the year.
Special rules for Arctic split IMO delegates MARITIME decision-makers are split over attempts to introduce a code of practice for ships sailing in the world's most rigorous climes.
Pressure for energy assets trade boost THE UK Offshore Operators Association, representative body of the offshore oil and gas industry, is urging the government to include measures in this year's Finance Bill to stimulate asset trading in the mature North Sea.
Hong Kong flag prepares to fine rogue shipowners THE Hong Kong government's Marine Department is developing a ground breaking approach to flag state inspections which will financially penalise owners of substandard vessels flying the Hong Kong flag.
Breakers fail in attempt to create price cartel FEARS that a cartel among Bangladeshi breakers could lower demolition prices have faded following the latest tanker scrap sale.
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