Will Golar's gamble pay off? JOHN Fredriksen, chairman of Golar LNG Ltd, has wagered US$1.1 billion on liquefied natural gas since 2001, buying seven LNG tankers without first signing contracts for their use.
Hyundai bags Cosco order for largest ever box ships HYUNDAI Heavy Industries Co has won an order from China's largest container shipping line, Cosco, for four ultra-large 10,000-TEU box ships - the largest ever built - with the Korean yard saying it has already designed a 12,000-TEU model.
Tsakos pays US$90m for Delaware clean-up TSAKOS Shipping and Trading, a closely held entity controlled by the Tsakos family of Greece, has paid US$90.3 million so far for cleaning up after a tanker under its management spilled 265,000 gallons of crude oil into the Delaware River in November, the US Coast Guard said.
Passengers fume as P&O cancels round-the-world cruise
WFS success prompts '2 for 1' stock split Stock split provides opportunity to broaden base of investors and improve the liquidity of stock, says WFS Chairman.
Draft recommendations propose even tighter sulphur limits Vice chair of environmental committee proposes reinstatement of 0.5% sulphur limit in Europe's directive on marine fuels.
Rotterdam steady ahead of Midday
Wallenius Wilhelmsen signs two large low sulphur term contracts Wallenius Wilhelmsen has signed two low sulphur term contracts, one of which runs until December 2007.
Singapore: MPA confirms three debunkering applications The Maritime and Port Authority of Singapore (MPA) has confirmed three applications for debunkering relating to high sodium content.
DNVPS: High aluminum and silicon found in South Korean fuel Testing agency issues 'bunker alert' after batch of bunker fuel exceeds aluminum and silicon levels stipulated under ISO8217.
Firms race for $600m Petronet LNG charter deal A CONTRACT worth $600m to supply the Dahej liquefied natural gas receiving terminal operated by Petronet LNG of India has attracted the world's shipping majors in a complex mix of competing consortia.
Ship sales could fall foul of money laundering rules SHIP sales transactions risk being held up as a result of anti-money laundering rules, it has emerged.
Lloyd's broker red faced after getting it wrong 72% of the time A BROKER accredited by Lloyd's has been shamed, but not named, for getting contract drafts consistently wrong, writes James Brewer.
Spanish court questions Prestige manager Margetis' death certificate A DEATH certificate filed with the Spanish court handling the Prestige case has failed to convince the investigating judge that Michael Margetis, operations manager at the ship's managing company Universe Maritime, suffered a fatal heart attack late last year.
French detain Teekay tanker FRENCH authorities detained a tanker operated by Teekay Shipping yesterday over the non-payment of a fine after one of the company's vessels polluted French waters in 2001
New Izar approved in principle SPANISH unions have welcomed the European Commission's approval in principle of a restructure plan for Spanish shipbuilder Izar that limits civil ship construction
CMA CGM happy with UK tonnage tax CMA CGM (UK) is considering expanding its participation under the UK tonnage tax scheme, after recently fulfilling its commitment with the arrival of its eleventh vessel
Horizon Lines mulling IPO: Report Largest U.S.-flag ocean carrier in discussions with investment banks to underwrite offering, according to Wall Street media reports.
Seven weeks to 'dig out' of Vancouver's Delta storm Vancouver's largest terminal, Delta Port, is predicting a seven-week slog to overcome the container-backlog caused by a combination of bad weather and railcar shortages.
New berths ease Dalian congestion concerns The two new berths that will be operational at Phase II of Dalian Container Terminal this July will ease the pressure on the port's handling capacity, said a terminal executive.
Customs seize contraband in HK waters
Genoa PA starts PSA evaluation
Channel dredge at Busan New Port brought forward
Rotterdam Port Authority's steep pay-rises get round opposition
Norfolk Southern lifts USEC intermodal embargo
Sydney continues growth trajectory
Napier to double container quayline
SBB Cargo aims for profitability in 2005
Seaspan charters newbuild to CSCL
Marseilles workforce back investment strategy
Hanjin Shipping aims to halve debts in 2005
Correction: Evergreen Group subsidiary signs Ningbo deal
Farstad/Aker LoI extended until Monday Farstad Shipping has until Monday to decide to order two UT 751E PVSs for just over NOK 500 million at ...
Marianne Lie gets a deputy The Norwegian Shipowners' Association (NSA) has appointed the 51-year old lawyer/economist J'rgen Vatne as new Deputy Managing Director ...
ESPO sees problems with EU port directive European Sea Ports Organisation (ESPO) will propose a series of amendments to the draft EU directive on access to port ...
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