Freight rates for Capesize ships may rise: Lorentzen FREIGHT rates for the biggest type of ships carrying iron ore and coal may rise in the first quarter as Chinese steel mills increase imports before a gain in ore prices, said Nicolai Hansteen, chief economist at Oslo-based shipbroker Lorentzen & Stemoco.
S'pore Nov bunker fuel sales up 3.8% on year SALES of marine fuels in Singapore, the world's largest bunkering port, rose 3.8 per cent in November versus a year ago, government data showed yesterday.
Hyundai Mipo to build 4 tankers for Saudi firm SOUTH Korea's Hyundai Mipo Dockyard Co Ltd is building four chemical tankers for Saudi Arabia's National Shipping Company , the Saudi firm said yesterday.
Galileo blasts off to end Europe's reliance on American GPS EUROPE broadcast its first answer to the US Global Positioning System yesterday, following the successful launch of the first Galileo satellite.
BP and Sonatrach fail to fill Isle of Grain gas slot A SPARE slot for the delivery of liquefied natural gas to the Isle of Grain terminal has not been taken up, despite the prospect of high UK prices, writes Tony Gray.
MISC signs first 'foreign' long-term LNG ship chartering deal Another milestone has been reached by MISC, Malaysia's largest shipping group, with its first long-term liquefied natural gas carrier chartering deal outside of the parent Petronas group, writes Tony Gray .
Sierra Leone registry hits back in row over stolen ship Natris SIERRA Leone's fledgling registry yesterday dismissed suggestions that it had been slow to provide another flag with information on a stolen ship using forged Sierra Leone certificates.
Three bidders for CalMac routes JUST three bidders remain in the running for the network of the 25-plus routes serving Scotland's Clyde and Western Isles, currently operated by state-owned CalMac
Scandlines could raise $950M DEUTSCHE Bahn and the Danish transport ministry have officially put the Scandlines ferry operation up for sale, with an anticipated sale price of about €800M ($946,000)
MTU sold to Swedish buyout group MARINE engine builder MTU Friedrichschafen has been sold to the Swedish buyout specialist EQT
Maut success could see extension to secondary roads Drawing-up the first full-year balance of the Maut, Germany's new transport secretary Wolfgang Tiefensee says that by December 31 the income will be 'about €2.85bn (US$3.4bn).
CP Ships removes hazmat boxes but Valour remains grounded Hazardous cargo has been removed from the CP Valour as all efforts to re-float the beached vessel failed as heavy winds and 4m swells have hampered salvage operations.
Ambassadors gets American West A two-ship US-flag cruise company goes for one dollar, assumption of debt and shares that are forfeited unless targets are met.
Gavel goes down on Kristina Riga Freeport Authority gets its ship in one-bid auction.
Bulk rate bump? Lorentzen & Stemoco's top economist expects a 20% rise in capesize rates ahead of annual ore price negotiations.
Dobson's Irish Sea double Cyprus shipmanager set to add Irish Ferries' crew contract to one for rival ferry operator Norsemerchant.
Genmar sets buy-back price General Maritime will pay $1,151.12 on the thousand to get rid of unwanted bonds.
Boom saves MHI jobs Nagasaki shipyard to offer re-employment to workers heading for retirement in 2006.
Germany could block MTU sale German authorities have a month to say no to DaimlerChrysler's sale of diesel enginemaker MTU Friedrichshafen.
Close call for Anna Elderly NYK ship almost joined the fleet of lost car carriers after engine trouble.
Crew to sue shipowner Russian seafarers held for over two years over alleged oil crime are looking for the man behind the African Pride.
Hoegh expands out of Brazil Car carrier arm to start direct shipping to South Africa, the Middle East and the Far East from 2006.
Hydro signs up trio Norwegian oil company fixes supply ships on five to ten year charters from domestic shipowners.
Steadfast recovered Pirates abandon hijacked chemical tanker after international search operation pays dividends.
Gulf seals tanker finance Middle Eastern tanker player arranges finance for chemical tanker quartet building at Hyundai Mipo.
Norwegian tanker aground in Danish waters One of the ballast tanks was damaged when the Norwegian chemical tanker "Sydstraum" grounded in Danish waters yesterday. The tanker ...
Fosen to build ROV vessel Fosen Mek Verksteder is to build a 95 metres ROV (Remote Operated Vehicle) vessel for Volstad Maritime in Ålesund for ...
Norwegian yard order book of 75 vessels Norwegian yards, spearheaded by Aker Yards, had a collective order book of 75 vessels worth around NOK 16.5 billion (EUR ...
Crude rise leaves US bunker markets nervous Oil prices touching $60 per barrel and US suppliers bracing for price rises.
Vancouver demand spikes, avails under pressure Suppliers reporting a flurry of enquiries as buyers look for bunker alternatives but avails in the region tightening.
Asia fuel oil arrivals to hit 2.8 million mt in January Fuel oil arrivals from the West into Asia will hit 2.8 million mt in January, the highest monthly figure in 15 months.
Japan: New nominations? Not until next year Tight supplies in Japan continue as bunker players could only look forward to early next year for new nominations and deliveries.
High cost of bunkers untimely for tax break removal An Italian shipowners' association is lobbying against the removal of a tax provision for vessels at this time of high bunker costs.
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