Global shipping firms still doing well: S&P GLOBAL shipping companies continue to experience favourable market conditions, albeit below 2004 levels, leading to strong earnings and cash flows, according to a report published by Standard & Poor's Ratings Services on Friday.
India-Sri Lanka sea lane will slash sailing time INDIAN Prime Minister Manmohan Singh laid the foundation stone on Saturday for a shipping channel in a narrow strait lying between India and Sri Lanka that will slash travel time for ships between the Arabian Sea and Indian Ocean.
PTP seen gaining 1m boxes from Maersk-P&O merger MALAYSIA's Port of Tanjung Pelepas is set to see bigger container traffic following the AP Moller-Maersk acquisition of Anglo-Dutch carrier P&O Nedlloyd.
Frontline quiet on acquisition front LEADING tanker company remains committed to consolidation of the tanker industry but has no acquisitions planned at this time, the company's annual report discloses.
Greek PM weighs in to back revival of national flag KOSTAS Karamanlis, the prime minister of Greece, has thrown his full weight behind ambitions to revive the Greek flag, writes Julian Bray.
Longshoremen's union top brass charged with racketeering US FEDERAL authorities are preparing to wrest control of the powerful International Longshoremen's Association by dragging it into a massive civil racketeering lawsuit, an apparently well sourced report in the New York Times said on Friday.
Rokke faces jail for bribery and false statements KJELL Inge Rokke has been sentenced to a month in jail by a Norwegian court, writes Rajesh Joshi in New York.
Quintana slashes Wall Street offering QUINTANA Maritime, the panamax dry bulk owner, has cut its coming Nasdaq initial public offering by a third in yet another sign that US capital markets may no longer be ready to absorb shipping issues with no questions asked.
LNG facility sails for the Arctic EUROPE'S largest LNG regasification plant, the Norwegian Sn'hvit, which was constructed on a process barge, has left for the Arctic Circle from Cadiz in Spain
Mercator charters nine with options MERCATOR Lineshas told the Bombay Stock Exchange that it has signed a Memorandum of Agreement to charter nine ships ' all geared bulkers of 70,000dwt
Rain halts Indian shipbreaking TORRENTIAL rain lashing the southern Gujarat area of India has brought demolition activity to a halt
Rotterdam saved, Norway uncertain THE SS Rotterdam has been sold for euro1.75M ($2.11M) to a Rotterdam-based housing company and investment group Eurobalance
Controversial gas terminal approved WEAVERS Cove LNG terminal on Fall River in the US was approved by the US Federal Energy Regulatory Commission yesterday
Senate passes CAFTA trade bill Central American trade pact now goes to the House, where passage is a toss-up amid fight by sugar and textile interests.
CMA CGM buys into Zeebrugge terminal CMA CGM is to buy into Zeebrugge's OCHZ terminal, the latest move by a carrier toward more terminal control, and a reversal of fortune for CMA CGM's terminal ambitions here.
FEFC's July GRI in jeopardy, as carrier confidence wanes Carriers and shippers appear to agree that the Far Eastern Freight Conference (FEFC) carriers will fail to make the latest rate increases announced today and Tuesday.
Mediator Ready to intervene in BC truck dispute
Jurong Port plans to expand abroad
SAECS trades ECT for APMT Rotterdam
End of Finnish paper dispute should see exports rolling out in a week or two
Swiss rail power-cut could have been avoided, says SBB
Jimmy Sarbh steps down as P&O South Asia and Middle East director
TOP reloads Shareholders approve Pistiolis pitch for 50m more authorised shares, increasing prospects of secondary offering for growth-geared TOP Tankers.
NATS sounds off Herbjorn Hansson is defending a spot-chartering policy in a season of weakened rates.
Stealth offering Vafias family's Stealth LPG operation has made preliminary filing with SEC, but opinion split whether to push or pull Cantor-led IPO.
Rokke sentenced to jail Europe's leading shipbuilder must serve a month in jail.
Shipping scores low Just ten shipowners achieve investment grade status despite cash-rich years.
Hawaii strike averted Matson Navigation is said to be ready to pay an allegedly delinquent $1m to a sailors' welfare fund.
Charter double for Solstad Norwegian owner secures work for two offshore vessels in deal worth at least $26m.
Grain set to go-go .. at last Operator of UK's first LNG terminal for 20 years says commissioning cargo will arrive Monday.
Two oldies for Eidesvik Oslo-listed minibulker owner Wilson has picked up two pairs of chartered ships in as many days.
Royal Pacific turns turtle Elderly cruise ship capsizes in Taiwan's Kaohsiung harbour after firefighters battle blaze.
Grindrod buys into Oreport South African shipping group takes 50% slice of domestic logistics outfit.
Belships buys up cheap stock Slumping share price provides opportunity for some repurchases.
Ferry runs aground Canadian ro-pax smashes into marina near Vancouver after losing power.
Livanos-Johnsen venture prospers Peter Livanos's DryLog and New York-listed International Shipholding netted $11.5m in the first year of their capesize joint venture.
Grounded laker heads to yard CSL ship that closed section of St Lawrence River to spend week in Ontario for repairs.
Aker American raises $125m Heavily oversubscribed offer puts plan to build ten Jones Act tankers for OSG on course.
CSG leaves Singapore Chinese boxship giant to shift regional office to transhipment hub in Malaysia.
Adsteam subsidy stays Aussie towage firm wins more taxpayers cash to maintain domestic salvage and towage capability.
Røkke found guilty in bribery case The Oslo City Court found Kjell Inge Røkke guilty on all charges in the trial where Røkke was accused of ...
Danish scrap proposal to IMO meeting The Danish minister for Environmental Affairs, Connie Hedegaard, received massive support from her colleagues in EU for a proposal to ...
Wilson buys Multibulk Wilson Euro Carriers has bought Bergen owner Multibulk for NOK 13.0 million (EUR 1.6 million). The company owns the "Marble ...
US bunker prices bullish ahead of long weekend Suppliers predictions confirmed as prices firm, crude up.
Yukos rumblings continue as Russia requests deal freeze Russia's justice ministry has requested that Lithuania and the Netherlands freeze any deals involving Yukos-controlled shares in the Baltic state's Mazeikiu Nafta refinery, a major source of product for its Rotterdam bunkering subsidiary Petroval Bunker Services B.V.
Volgotanker sets defences as Moscow closes in As Moscow sets its sights on Volgotanker in what many industry watchers are viewing as another Yukos style takeover, the company is doing what it can to defend its own position.
General strike adds to Genoa's supply woes Local sources expect no quick resolution to the dispute that is severely restricting bunkering capacity in the port.
Ship-Service: Future still uncertain after postponed meeting Sources at Polish bunker supplier Ship-Service SA told Bunkerworld today that yesterday's planned meeting of shareholders has been postponed, and that PKN Orlen remains the majority shareholder.
Petroplus sell-off results in SBI move
Rotterdam market firm this morning
Kaohsiung: Containment booms deployed after sinking Containment booms have been deployed around a sunken passenger ship carrying 200 tonnes of oil in Kaohsiung harbour, Taiwan, to prevent an environmental catastrophe.
Japan: Brighter outlook for bunker market The Japanese bunker market looks set to gain more vibrancy as Japanese traders reported a steady increase in sales volumes since last week.
Singapore: May bunker sales down on month Singapore bunker sales figures for May dropped 72,100 metric tonnes compared to April, while market sources said the bunker sales outlook for June is expected to be weak.
Johor authorities require bond before releasing Singapore tanker Johor authorities will not release the Singapore-owned tanker suspected of causing a five-kilometre-long oil spill until a bond of more than $52,000 is posted.
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