Italy may sell shares in shipbuilder to cut debt ITALY may raise about 750 million euros selling shares in Fincantieri SpA, the country's largest shipbuilder, as Prime Minister Romano Prodi divests government assets to cut debt, said two people with knowledge of the plans.
Wilhelmsen bet on bunker price rips into profits A POOR punt on the bunker market has left another big shipping name, Wilh. Wilhelmsen, with major losses and exposed to volatile ship fuel costs.
Ras Tanura risk threat may push up Saudi premiums LONDON underwriters were assessing whether to charge extra premiums as Lloyd's List went to press for ships sailing to Saudi Arabia after the UK Royal Navy warned of a possible seaborne threat to the country's Ras Tanura oil terminal, writes James Brewer.
SCI places $371m order for six new LR-I tankers SHIPPING Corp of India has signed a $371m contract with South Korea's STX Shipbuilding Co for six new LR-I size product tankers.
China urged to start seafarer watchlist to boost reputation A WATCHLIST of rogue seafarers would help improve discipline and the reputation of Chinese ratings and officers among international shipowners and shipmanagers, a Chinese manning conference has been told.
Greece and China talk shipping GREECE and China want to develop their shipping relationships during a visit to China by finance minister George Alogoskoufis and his deputy, Christos Folias
Uruguay's transport lockout ends PORT operations at Montevideo, Uruguay, went back to normal yesterday after the strike's leaders lifted the measure late on Wednesday
Costa wins long lengthening case COSTA Crociere has won its long dispute with Cammell Laird Holdings over the lengthening contract for its cruise ship Costa Classica, which began in 2000
IMO to support Liberian training institute THE IMO is to provided technical assistance to the recently-established Liberia Marine Training Institute, according to media reports
Matson volume falls in third quarter Matson Navigation Co. saw third-quarter profit narrow the gap with year-ago results despite weaker volumes in its Jones Act services.
Carriers extend PSS on Asia to N. America and Europe trades The Far Eastern Freight Conference announced today that it will continue to impose its peak season surcharge until November 15.
Suzuki to put cars on line in Indian rail deal
APMT Dunkirk concession date set, as CMA CGM takes a stake
Le Havre emerging as CMA CGM feeder hub
Jakarta delays ratification of revised shipping law again
Conference winter surcharge escalates at St Petersburg
COSCON launches new South China-Southeast Asia loop
CSCL strengthens its foothold in Yangshan to reduce warehousing costs
Ministers at work to free Danish captain The Danish Minister for Business Affairs, Bendt Bendtsen, and the Danish Minister for Foreign Affairs, Per Stig M'ller, have involved ...
Aker Yards criticises Spanish Navantia Aker Yards has unleashed strong criticism of the Spanish yard Navantia, which is building frigates for the Royal Norwegian Navy ...
Farstad orders another four AHTS at Aker Aker Yards Langsten is to build four multifunctional deep water Anchor Handling Tug Supply (AHTS) vessels, worth NOK 2.1 billion ...
Busy trading finishes Houston's week Suppliers reporting a busy day and crude prices back on the rollercoaster.
Chevron announces bumper profit Earnings receiving big boost from US retail sales.
Moldova opens Danube oil terminal New oil terminal will give Moldova its first link to international shipping.
Bunker barge buying spree continues at Aegean Contract for seven new double-hull products tankers brings newbuilding total to 37.
Bunkers to come off grounded ship Salvors abandon refloat plans for containership stranded off the French Atlantic coast.
New Far East service from Bunker Holdings Marine fuels service launched at Kamchatka Peninsula in the Sea of Okhotsk.
Hedging contracts hit shipping company's profits Wilh. Wilhelmsen posts worse than expected Q3 results as hedging contracts lose their value.
ARA market pushed lower with crude
Swift action contains oil spill Bunker fuel spills into the sea at Hidd, oil spill procedures swiftly activated.
Singapore moves to tighten control of bunker supply chain New clause to bunker standard seeks to improve bunker supplier and cargo provider relations, but players question whether it goes far enough.
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