DnB Nor moves into China PLEDGING to up the competition in China, major Norwegian ship financing bank, DnB Nor has become the first foreign bank to offer vessel mortgages to owners of Chinese-flagged vessels, following the recent opening of a branch in Shanghai.
Daewoo raises target for new orders DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipyard, raised its target for new orders this year to a record US$12 billion on increased demand to produce and transport energy goods.
Owners face ballast water rule chaos after US ruling ALL discharges from ships in US waters, including ballast water, would be subject to a permit regime regulated by the US Environmental Protection Agency from September 30, 2008, under a district court ruling in San Francisco.
Malaysia giant seeks box line boost MISC has opened negotiations with several owners of new containerships about chartering vessels to expand the group's under-performing box line business over the next two years, write Julian Bray and Marcus Hand in Kuala Lumpur .
MISC plays $3.6bn waiting game over investment plans MALAYSIAN shipping giant MISC plans to invest an additional $3.6bn over the next five years but is biding its time due to high prices.
German builders 'hampered' by new rules GERMAN shipbuilders have complained about restrictions resulting from the introduction of the new common rules for the classification of tankers.
India faces fleet replacement fears INDIA'S shipping industry faces a monumental challenge in replacing its ageing fleet, warns the Indian National Shipowners' Association
Brazil takes stake in Chinese ore project BRAZILIAN iron ore and logistics giant CVRD is taking a stake in a new pelletising plant that will be the company's first investment in the iron ore business in China
Clarification on USCG payment to Tsakos THE Tsakos Group, not publicly-traded Tsakos Energy Navigation (TEN), was the recipient of a cheque from the US Coast Guard this week in relation to oil spill clean-up
Sepi quiet on yard sale prices SPAIN'S state industrial holdings company, the Sepi, today declined to comment on further revelations over the sale prices for the former Izar shipyards
Indian owners bemoan market share INDIAN shipping companies are concerned about the steady decline in their share in carrying India's booming foreign trade
Two more for Concordia Concordia Maritime has declared options for a further two P-MAX product carriers at the Brodosplit shipyard in Croatia. With ...
Maersk exercise options at Aker Yards A.P. Møller-Maersk has exercised options for another two Anchor Handling Tug Supply (AHTS) vessels at Aker Yards. The two ...
Frontline orders VLCCs and sells them This week, Frontline exercised an option for two 300,000 DWT tankers at Jiangnan Shipyard in China and sold the contracts ...
Ship operators flock to Bunkerworld Forum Delegate sales close for the 2nd Marine Fuel Sustainability Forum as attendees top 170 for Copenhagen event.
Cape Town MGO shortages leave vessels stranded Refinery accused of 'insensitivity to the shipping industry's needs'.
Modernisation/Expansion for storage and bunker facility Agreement with port authority will see almost $30 million invested in upgrades to loading/discharging facilities and storage expansion.
Durban yard wins bunker barge contract Smit Amandla Marine double-hull vessel will be larger than any barge currently in South Africa.
Sea's the future EasyJet founder joins IMO's World Maritime Day celebration in London.
NYMEX Golf Challenge ignites buzz ahead of SIBCON NYMEX also launched its Singapore 380 cst futures contract on Monday.
Rohregger to leave Addax Bunkering Services Company pays tribute to leadership that saw rise of 'extremely successful department'.
Rotterdam market quiet Friday morning
Singapore showcases oil spill response exercise A Joint Oil Spill Exercise was one of the last activities rounding up SIBCON 2006.
Singapore: Stocks of residual fuels, middle distillates down Stocks of residual fuels at 16-week low, middle distillates at 11-week low.
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