Asian shippers slam lines for rate hikes A newly formed Asian group of shippers has slammed shipping lines for taking advantage of the high demand for their services to keep on increasing freight rates.
Boat traces ancient China voyage GRAND ceremonies were held here on Saturday to welcome a sailboat that has accomplished a 23,150-km voyage tracing the journey of a prestigious Chinese ancient voyager.
Tsunami wrecks Sri Lanka's hope of maritime museum MARINE archeologists spent nine years trawling the seabed of Sri Lanka's Galle port to collect thousands of centuries-old treasures buried underwater in shipwrecks.
Prices soar as SMP ceases sale bonanza in Houston Oil major reverses its controversial marketing strategy of selling product far below competitors' levels, contributing to Houston prices jumping over $30 pmt in three days.
Hong Kong traders riding on higher demand from containerships Containerships in Hong Kong clock a higher enquiry in view of the rising oil prices, but some traders are still reporting weak demand.
Rolls-Royce eyes bunker tanker market Rolls-Royce aiming to take advantage of single-hull phase out legislation with tankers aimed at the bunker market.
Another tanker owner under investigation for pollution offences
Transport commissioner defends EU directive on pollution EU transport commissioner defends EU directive, denying criticisms of seafarer criminalisation.
Mexico warming to new marine fuel pricing system New pricing system could have inadvertent consequences for Mexican market with introduction of MARPOL Annex VI.
Analyst predicts Asian fuel oil imports to halve this year Conference delegates told that Asian fuel oil imports are set to drop from 700,000 bpd last year to 350,000 bpd this year.
Refiners urge use of abatement alternative Despite more interest in desulphurisation delayed coking units, European refiners say costs of $100-200 million per unit are prohibitive as marine demand for LSFO promises to surge.
Second Keppel FELs rig for Odfjell ODFJELL Invest has exercised an option for a second jack-up rig from Singapore's Keppel FELs as it expands its fleet, writes Marcus Hand in Singapore .
NCL close to Norway blast settlement NORWEGIAN Cruise Line is close to a $1m settlement, plus attorneys' fees, with the final five litigating Filipino casualties from the Norway boiler explosion, at the rate of $200,000 per seafarer, writes Rajesh Joshi in Miami Beach.
Diana Shipping's debut New York share offering five times oversubscribed DIANA Shipping, the Greek dry bulk group, has made its debut on the New York Stock Exchange with an oversubscribed $210.4m initial public offering priced at $17 a share.
Japanese energy firms in $385m deal to create LPG colossus A PROPOSED merger of the liquefied petroleum gas businesses of Japanese trading houses Idemitsu Kosan and Mitsubishi is set to create one of the world's largest very large LPG carrier fleets.
Cesma chief warns Barrot of crew crisis EUROPE'S shipmasters have warned Brussels of a global seafarer recruitment crisis if the European Union continues with proposals to criminalise maritime pollution infringements.
Royal Caribbean boss resigns ROYAL Caribbean Cruises president and chief operating officer Jack Williams announced his resignation today after eight years with the company
Nymex to clear tanker futures NYMEX (New York Mercantile Exchange) will clear futures contracts in the tanker markets, a move that is likely to increase competition among clearing houses
Smyril-Fjord merger abandoned FAROESE ferry operator Smyril Line will not merge with Fjord Line to form North Atlantic Lines after shareholders voted against the move
Cardiff Marine 'in breach of ISPS' CARDIFF Marine is "fundamentally in breach of ISPS" for raising the ship's security level to deny the ITF access to the vessel, an ITF co-ordinator said today
Puerto Rico strikes cruise deal THE government of Puerto Rico has resolved a dispute with the cruise industry that had threatened the sector throughout the Southern Caribbean
NYK to keep hold of a Ceres Paragon revitalised by GA calls The Grand Alliance and other services will call at Amsterdam's Ceres Paragon Terminal, which is no longer up for sale, NYK executive VP Tadamasa Ishida revealed today.
Barge rates on the way up following RTT's appeal failure Hong Kong mid-stream operators are concerned that high barge chartering rates will impose pressure on operational costs, following the dismissal of the River Trade Terminal (RTT)'s appeal by the court today.
Rotterdam commercial director to keep strict control of environment
Samskip takes the train to Moscow on new sea-rail service
Competition too hot admits Tanzanian port authority
Transnet targets efficiencies with City Deep's SAPO link
Streamlining gives CHKY alliance slicker services
'Dogmatic' UK implementation of insurance directive tips playing-field
Swire Shipping launches Indotrans Asia
Corrupt Korean union officers arrested
HMM appoints HIT president as director
Inchon to establish China offices
Geodis boosts operating profit 23.5%, but aims for healthier margins
Seacor in big tanker order? Newest Jones Act tanker player may be wasting no time expanding fleet with apparent order at Louisiana's Bollinger shipyard
Essar eyeing growth Indian owner rumoured to be negotiating Klaus Oldendorff's three VLCCs and two aframax tankers.
All about the tankers Seacor is paying a sharp premium for Florida's Seabulk International, but has overnight become the leading player in the US Jones Act.
MC Shipping to restart dividends LPG operator posts reduced profits after restructuring, but bullish for the current year.
Williams quits RCCL Cruise chief says charity causes spur him to end eight-year reign.
Diana hits high IPO note Greek bulker owner nails top price for US equity issue.
Good for Seabulk... ....not so good for Seacor.
Transpetro mulls 11 bids Brazilian groups pick their partners in race to win $1.9bn tanker orders.
MC green-lights buyback Company will repurchase up to 400,000 shares if price slides below 'acceptable' levels.
Petrolimex in the market State-owned Vietnamese importer looking to add two products tankers to fleet.
Fisher's fender bender UK shipping group buys two pneumatic fender businesses, broadening its marine services outlook.
Orey buys again Portuguese broker and agency snaps up forestry products logistics operation.
China Merchants' plans mature Chinese group reveals more details of new shiprepair yard in Shenzhen.
No Fjord Line-Smyril Line merger The planned merger of Fjord Line in Bergen and Smyril Line in Torshavn on the Faeroe Islands is off and ...
New direct service to Finland and Russia K-Line European Sea Highway Services (KESS) is opening a direct ro-ro line from Bremerhaven/Cuxhaven to Finnish ports ...
Røkke in shipowning mode Norwegian industrialist Kjell Inge Røkke, who controls in Aker Yards, Aker Kvaerner and Kvaerner, plans to establish American Shipping Corporation ...
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