More growth potential in semi-sub rigs DEEPWATER semi-submersible oil and gas rigs have a higher long-term growth potential than the shallower water jack-up rigs which are increasingly reaching their operational limits, according to analysts.
Russian firm designing new oil port for Far-East coast OAO Primorsk Shipping Corp, Russia's third-largest shipping company by tanker capacity, is designing a new oil port for Russia's Far-East coast that it said would have a 'record' high loading rate.
Tanker rates to Asia at 20-week high THE cost of shipping crude oil from the Middle East to Asia on two-million-barrel tankers held at a 20-week high as violence in the Middle East spurred refiners to stock up on crude.
Beirut port bombing kills truck drivers TWO truck drivers waiting to pick up cargo in Beirut's port were killed when Israel launched another offensive on the city in the early hours of yesterday.
Shipping steps in for Lebanon evacuation COMMERCIAL shipping is playing a central role in the mass evacuation of foreigners from Lebanon, after European administrations chartered in tonnage on an emergency basis to pick up tens of thousands of nationals.
Middle East war risk premiums set to soar CARGO interests are facing a fivefold rise in the war risk element of their insurance premiums for goods destined for Lebanon or Israel, although the level of hostilities has ruled out almost all normal sea trade with the countries for now.
Cargo fear hits Maersk shares SHARES in Danish shipping and oil giant AP Moller-Maersk came under further pressure yesterday amid speculation that slowing economic growth will cut cargo volumes, writes Tony Gray .
Arntzen says OSG will be more than a landlord POTENTIAL spin-offs of its US-flag and liquefied natural gas units would not relegate Overseas Shipholding Group into a shell holding company but would enhance shareholder value, Morten Arntzen has stressed.
France organises Lebanon evacuation BEIRUT 17 July - France has put in place a crisis plan to evacuate its residents from Lebanon with a first vessel due to take on refugees in Beirut port today
Change ahead for Canadian Wheat Board CANADA'S prime minister is being accused of stacking a farm meeting that could lead to a dramatic change in the way the Canadian Wheat Board markets wheat exports
Yard workers block Guadalquivir STRIKING Spanish shipyard workers today threw themselves in the River Guadalquivir in Seville and blocked local shipping
Magic pipe users face prison A US federal grand jury has indicted the owner and operator of a bulk carrier together with several employees for using a magic pipe to discharge untreated sludge
Bulker crew in hospital after attack THE crew of an Egyptian-operated bulker heading for Tartous in Syria came under Israeli gunfire on Saturday, 12 seafarers are now in hospital
Codesp drops Libra Terminais appeal SANTOS port authority will not appeal against an injunction won by container terminal operator Libra Terminais against the handing of an area of the port to a rival
Talks underway on Vancouver superport Government plan would create a single megaport in the western Canada region to help trio of hubs garner greater share of trans-Pacific Asia trade.
Imports rise 11% at LA-Long Beach
Panama assembly approves expansion, calls for referendum
Israeli business tries to keep business as normal Haifa Port closed today for the second time in two days, in missile-hits on northern Israel which have caused several injuries and deaths, but Israel-based shipping sources say they are trying to function normally.
Noumean unions seek Maersk agreement New Caledonia's USTKE union expects to meet with Maersk this week to reach agreement over the Noumea calls of the carrier's OC3 Pacific Express.
Date set for Panama Canal referendum
Santos port authority told not to appeal box-terminal injunction
JN Port and Mumbai security level upgraded
Growth at Singapore and Hong Kong slows
Japan's Mitsubishi expresses 'very strong interest' in new Santos port
Hapag-Lloyd to exit trans-Tasman loop
Norilsk Nickel confirms supply-chain control, with new ship order
Prestige owner wins big Coulouthros succeeds in multi million dollar court battle over tanker caught in Iraqi oil smuggling net.
OSG VLCC runs aground New York owner confirms incident off China for Majestic Unity, a tanker it has designated for sale to Greek owner.
Foss sees stars Seattle-based company snaps up Constellation Tug Company in its drive east.
US fixes cruiseship Abou Merhi's Orient Queen to begin evacuation of US citizens from Lebanon as early as Tuesday.
Beirut entry gets green light Hoegh car carrier expected to evacuate 600 Europeans from Lebanon after receiving Israeli clearance.
Missile strikes Egyptian ship Twelve rescued from burning vessel caught in crossfire between Israeli navy and Hezbollah fighters.
Coscon snaps up agents Chinese container line buys Philippines and Hong Kong agents from parent Cosco group.
NATS makes it ten Herbjorn Hansson is still looking for tonnage as another suezmax is bought for $80.9m.
Japanese detentions fall June total down as Sakhmorflot and Orient Line ships held.
Tanker capesizes in Yellow Sea One missing after heavy seas capsize oil tanker off the coast of China's Shandong Province.
Brave order move Vafias family business rather than Stealthgas adds two semi-refrigerated LPG carriers to order book.
Havila sells off Fortune Per Saevik's listed firm disposes of remaining stake in PSV.
Tanker sinks off Taiwan Fears for cargo of ethyl acetate as Indonesian tanker sinks with all eight crew members rescued.
New orders for Qatar Nav Middle East operator plans to sign contracts for three new 1,000-teu containerships.
Short sea speed up European Commission calls for acceleration of the 'Motorways of the Seas' project to promote short sea shipping.
UK detains six Polish Steamship and Mediterranean Maritime bulkers held during June after failing safety checks.
Shreyas plans planes Indian feedership operator eyeing move into cargo airline business.
Filipino hostages released Twenty crew members and UAE tanker seized at Mogadishu in March freed without ransom payment.
Aker wins Norilsk Nickel business Successful operation of Norwegian-built prototype leads Russian mining giant to order up to five more multipurpose ice-class cargoships.
Ships to evacuate Beirut Merchant shipping set to provide the main escape route for any exodus of foreigners from Lebanon.
Brostrom takes two Rigel Schiffahrt offloads two products/chemical tankers to Swedish partner with an option for another.
Avion volumes grow Owner of Icelandic container line Eimskip carried 14% more ocean cargo in first half.
'Exercise' claims seafarer One man killed and another two seriously injured in incident on Polish Steamship Co bulker.
Silversea steers clear Up market cruise line opts to cancel Lebanese and Syrian port calls in face of growing conflict.
Nordic countries prepares for evacuation by sea At the same time as the evacuation from Lebanon by bus and air via Syria has started, preparations for an ...
Broström buys and sells Broström has aquired two 37,000-DWT tankers from Rigel Shiffahrt and secured a purchase option for a third by the ...
Big deal again for Stena Drilling The market for drilling rigs and drillships is hot and the oil majors are very active in the market to ...
Sri Lanka bunker port a 'priority project' Sri Lanka welcomes increased Chinese participation in infrastructure and development projects.
Hope fades for stranded ship Some oil said to be leaking from Safmarine Agulhas and remaining containers soiled by oily water.
Oil transfer plans prompt litigation threat Conservationist groups and local council leaders say Forth Ports risks breaking European law if it approves STS transfer operations at Forth.
Hong Kong: BP prepares for trial sales of 500 cst BP set to join ExxonMobil to effectuate sales of high-viscosity bunker fuel.
Rotterdam holds firm Monday morning
Singapore supplier under investigation by corruption bureau Independent supplier embroiled in on-going investigation handled by the Corrupt Practices investigation Bureau.
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